We're back here on the Independent Investor Channel for an update on highly on holdings at all time lows. I'm accumulating quite a new share position here as the legacy shares have already turned long term, quite a long time ago, but establishing really a supplemental position here in the company that is being priced for absolute liquidation. It's being priced as a company that will fail. It's being priced as a company that will not make sales. It will be a company that is being priced to walk the same road as the Dodo, i.e. Nicola, the performance as put forward by my friend at Silent Alert on YouTube. You're going to want to check him out. He's doing a good job of foot stomping some information. Entrepreneurship and leadership, my buddy Robert Boy. He is also putting some really good content out there. He's just recently been put in my community as well. So when I give a shot out in a foot stomp to him, as well as some of the other content creators that I've seen on YouTube, one of the most touching pieces of content this week actually came by way of a brand new channel just putting out some phenomenal content. He's got about 250 subscribers, I guess. It just started out on YouTube, but we're going to continually help those guys build their message. I shared to Twitter that offering, which is pretty touching in understanding that when I say shareholder value, it goes beyond just a number and it goes beyond just a consensus of a group that has just entered into a stock blindly as a retail community and are hoping for things over the moon and all of those stereotypes that are bestowed upon retail investors. I get a different sense. I get a different sense every time I go into the Discord group that supports Hylian. I get a different sense from the management when they talk about Hylian and it's a far cry from a stock market now that is pricing this company for complete and utter liquidation. What do we do currently? I think we're working with two opposing forces right now. We are dealing with a current perception and we are dealing with a potential future reality. Your loyalty will lie somewhere on either side of those two fences and it has never been so easy to be a short seller in the company. You have been proven right for the last three years and those efforts to continue raping the stock for the sheer intent of making profit will continue as long as the company is being credited with no credit at all. The company is being absolutely put here. I have some notes here. The correlation I talked about with Nicola and Hylian, both down 7% for the week silent alert put that out. That's not my evaluation that is his. I'm paying it forward through the message here. The stock market in its current environment. I am carefully looking at the landscape and asking the question, are we missing something with this particular offering? Now, I will just give you the honest answer here in that there is a potential for a big miss here. Hylian has lovely potential with regard to a new company that is garnering fairly light quarter over quarter revenue now is in a very, very dangerous position.  With that, they have navigated horrible financial conditions when it comes to a small and micro cap market that is historically as low as they've ever been comparatively speaking to the large cap market. We are in that time now. Call it luck. Call it bad fortune. Call it misfortune in all of our going ahead and entering into a stock post euphoric SPAC craze and being subjected to a downturn of epic proportions. It's been absolutely horrendous. It's been terrible through the lens of just looking at the stock. The irony for me and what I am charged to continually share to a YouTube audience that I am charged to provide as insightful of information as I possibly can, is to compare and contrast the current perception that the company will not make it based on a number of different criteria and the reality in only just a few short months of potential catalyst going into the back half of 2023 and in accordance with what the company has provided us in way of dialogue and understanding the roadmap toward commercialization. Now the contrast between what Mr. Healy talks about on his addresses to share owners during the quarterly calls, the stock market is discrediting as if he's a liar. I am not in that camp.  I believe that everything that he talks about demonstrates conviction and bullish direction in its ability to collaborate and leverage those collaborative efforts with the industry. Could Healy undo it on their own? No, they couldn't. If we don't have to look very far in the same similar space to understand a company that tried to do it all and is now failing and is looking like it will probably succumb to bankruptcy here shortly as the newest proposal from Nicola Motors is to actually double the share float to 1.6 billion shares, I believe, which is the maximum number of shares authorized in accordance with their current charter. I think that that's unfortunately hurting. These two have always been attached to the hip. I don't quite understand it because they are significantly different in their approach, their thesis, and how they operate and how they're building their team and how they've went through cycling through their board of directors and even their upper management and also not succumbing to the criminal prosecutions that have bestowed upon Trevor Milton and the Nicola story as it's involved to today. Do I believe the scrutiny on Nicola is justified at this particular juncture? Again, if I'm going to be in all fairness, I'm not really sure if it's in our best interest as not only a country, but as a world to stymie technology in the way that we have. Again, right now, we are silently sitting on the sideline watching the rapists and that's what they are. Short sellers are rapists. They are rapists, nothing short, raping a stock relentlessly with no acknowledgement to or any interest whatsoever in seeing a company succeed. That is the current environment we live in. In 2023 in the stock market, the Sleeping and Exchange Commission does nothing whatsoever to ensure that proper vetting is occurring. That was fortified for me when Bernie Madoff himself actually went to the SCC and actually admitted that he was the one that was running one of the largest, if not the largest Ponzi schemes ever recorded in the history of Ponzi schemes and the SCC did nothing about it and it creates an imperfect environment. It creates an imperfect stock market where the SCC would be quick to vow their allegiance to investors, both institutional and retail. The investor is left on their own to determine what thesis, what material rapings they are willing to incur for as long as those rapists want to continue to rape those companies like Nicola, who I believe has phenomenal technology to bring to bear, and companies like Hylian who are trying to work through the approval process and the bureaucracy that exists between bringing new technology to bear that can actually help augment a global crisis that we can all agree to a low degree or a high degree needs to be tackled head on in turning out these technologies and looking for alternative forms of energy as opposed to us continuing to buy into what has traditionally worked in the oil and gas industry and powering our machinery with diesel. There are different ways of going about powering and I think it has been brought to my attention just this week that this technology is not novel, it's not. They've been using it in locomotives for many, many decades and they've been using it on the vessels, an industry that I am intimately familiar with to propel plants along the line by creating energy and using that energy in the way that they want that stored energy to be used. Hylian is no different, the idea is not novel, it's novel in the sense that this was the first time that it had been introduced to the Class 8 space and I think we really need to look at the hard reality and everything that I see is evolving toward a renewable natural gas future in some capacity. Now for those people that suggest that R&G is not going to find its place and therefore we can't look at an opportunity like Hylian, I think you're missing the facts. I think you're missing the facts and understanding that hydrogen will have its place in the future. I believe that electricity and battery technology as it improves will have its place in the future but if you're going to suggest to me that with the movement in renewable natural gas and the already existing footprint in compressed natural gas, albeit small but still present in Class 8 trucking, is not going to have its place into the future. You and me would just have a disagreement with regard to what we see and how the future of transportation is going to unfold and where R&G and C&G is going to have its place in that future. So when we look to compare and contrast the current reality in the stock market, I think it's fair to suggest and this is across the board, I am seeing re-ratings in companies over the last couple of years, to be honest with you, how Hylian has been subject to that victimization as part of a grander whole and I don't think that the fragmented positives that we all enjoy and have celebrated along the evolution of Hylian holdings as a young company pre-commercial state is enough to have moved the needle and that is indicative of a stock price now that has continued to fall and continue to be recessed. If I was going to offer any of my constructive criticism, it seems that Thomas Hylian team are completely happy with watching the stock price go down. I mean we have 156 and change maybe potentially fun pellets to throw at this project and then we'll be at zero and I think perhaps maybe the same level of tact and approach that is being demonstrated now would probably happen at that juncture as well because there are options for companies that go to zero. Either you just re-split the stock and reverse-split the stock and then we're all going to be sitting on you know instead of 20,000 shares, we'll all be sitting on 200 shares of a company that's worth $30. That is an option. Another option is to raise capital to supplement what is perceived to be a weak stock position. Now in defense of Thomas Hylian where I quick to criticize on one side of the coin to suggest that right now this silence on the line that they've demonstrated within the investing and public arena is unacceptable as far as my particular juncture. I know people disagree with me on this and they would suggest that the silence is completely normal and that I have no business questioning whether or not Thomas Hylian needs to be focused on hyping the train. Look my friends there is a difference between a hype train and silence on the line. I do more for Hylian in a week's time than Hylian does for themselves as far as being forward with the information that they need to be putting out there. Their advocacy for R&G only goes so far and as far as the stock market their advocacy and political movement toward R&G falls on complete deaf ears when we continually see the stock price slide into oblivion and that's where we're headed. We're heading into oblivion and I'll calmly slide into oblivion with Blackrock and Thomas Hylian. You know part of me wants to suggest that if Thomas Hylian is immune to this continued stock recessment then I will continue to be immune to it because where he's losing millions and millions of dollars on his own stock because he feels like the best way to approach the public right now is to be silent on the line whereas a more robust you can't find any type of social media where you don't find Elon Musk in the public limelight every single day and I think a daily upload in way of a news release or a progress report by this investor relations team would be at present too much to ask whereas I feel like it's not too much to ask at all. In other words I would ask the scary question what is internal relations doing with Hylian it seems to me that they're sitting on their fat asses and not doing anything and continually and calmly watching the stock sink into oblivion and I will calmly sink into oblivion with them because here's the thing I've made a decision to enter into this company I was excited about the prospects of and the vision of where this company could end up none of that has changed now how we end up at that end is going to be up to Hylian it's not going to be up to me I do what I can every single week to come on talk to an audience that is hurting just like me or is investing in a next generation opportunity like what was expressed this week on YouTube and those efforts I like to put focus where the effort deserves to be and I don't think that in comparison and I'll share with you some of the comparison I watched an interview just this week on a company that I cover and I joked in the discord group about six months ago I said where will aduro clean technologies and Hylian end up the year and at the time aduro was trading at like 63 cents okay and at the time Hylian holdings was on its upswing it was trading for three dollars and three dollars and 75 cents at the time and I said let's race let's have a horse race here and we'll see what perspective actually works okay now well aduro has increased to just over 70 cents since then Hylian has given up pretty close to 50 percent of its value since that horse race was posed by myself to suggest that aduro clean technology is a $40 million market cap company actually stands to close the year higher than Hylian holdings that is on a slippery slope right now that Thomas Hylian the team seems narya concerned about at all there's no concern whatsoever there's no acknowledgement to the stock price as a matter of fact I think there's probably closed doors and this is my premonition that there are probably closed door sessions to suggest that Thomas Hylian doesn't give two shits about the stock price now at all and I believe that to be true um he's alluded to this on a few interviews in that the stock price is what it is and it's going to do what it's going to do and and failing to acknowledge his responsibility to share owners to drive shareholder value now the the staunch disconnect and the cross comparison between this 40 million dollar company uh and Hylian that sits at what 400 million 350 million the market cap continues to digress uh so quickly that I think they're worth almost less than cash and and rightfully so again they they don't want to defend their position but in contrast the interview that I saw between the CEO of aduro and manabashay who's their uh cio um I counted the number of times that they talked about how important it was for shareholders to hang in there along the journey now mind you this is a company year over year that's up 75 percent uh not down 90 percent since coming to public markets I mean I don't even know where Hylian is now I mean they only give it credit from I mean they only give it credit from the $10 SPAC price which was obviously an inflated scam uh in and of itself to come to public markets under such false false pretenses but if I was going to be fair I would say that it's lost 85 percent of its value so while aduro is up 75 percent and still continues to footstomp the importance of driving shareholder value as a 40 million dollar company you ironically have Hylian which I have listened intently to every quarterly call for the last three years and I have heard one time in an interview uh by cheddar of all things at the New York stock exchange where Thomas Healy quickly alluded to shareholders and driving and driving value for shareholders I think that was the comment and it's the only time that I've heard in three years this CEO talk about this short shareholder value shareholder community now does the share owner group deserve that type of of of blow off I would suggest that the Hylian community is probably the strongest community that I've ever seen amongst retail investors in that we all share in the same sentiment we believe in this we believe in the company so far as to believe that the company will eventually turn around and that if it is destined to go into oblivion that we will all fall into oblivion with this company if there's a reserve river stock split in our future we will take it into river stock split I'm speaking for myself now not the rest of you guys you're all entitled to do your own action when it comes to your own money and your own conviction about what you see in due diligence with this company me I'm in it for the long haul when this company eventually gets to where I want it I will probably keep the company in the shares long term anyway okay so here on the low end doesn't mean a whole lot to me outside of the fact that I'm looking at it as a continued buy opportunity but I find it interesting to compare and contrast people of course I get all kinds of scrutiny by these videos and good on me for continuing to put them out and talk about things that I mean if there was any criticism that I would offer on Twitter is that I think way too many people are fluffing Thomas Healy's ass I'm the only one that's critical of that a lot of people would say I'm out of line I totally disagree with you look Nelson Pelts has not made a name for himself by fluffing that ass okay Nelson Pelts has made a point of of engaging in proxy fights with companies that have failed to acknowledge that share owners own the company and where share owners should provide ample time in evolution of acknowledging that time is the necessary ingredient for companies to to realize their vision medium and long term there is a breaking point there where the the objectives and the tactics used to roll out a specific message fall on deaf ears and are futile in the eyes of the market and it doesn't mean that those initial directives by the company are wrong it just means that they have been not received well by the market and in this particular case I think highly on should garner some scrutiny okay I'm an advocate for the company first and foremost but as we evolve and we get to a place here of some level of stability which we are not in we are not in stable times right now we are in absolutely volatile times and I I put on the table more prevalent than ever the sheer possibility that this company could end up in less than 10 cents a share I'm just going to put it out there and suggest that based on the action of the company and the lack of sense of urgency I think this company could go down to zero let's just start there for the baseline how many of you devote highly on community members are willing to take this company from $1.56 where it sits now to zero let's just talk about zero because we know that a company cannot be worth a negative integer integer okay so it doesn't do me any good to suggest that highly on will be worth negative $1.56 or negative $5 or negative $10 okay that's impossible all right in other words for every negative integer to the to the other side of zero we would actually have to send highly on holdings to check every month for having the luxury of owning the shares okay so let's just start at zero because that's inevitably where we are heading is zero how many of you guys can maintain your bullish thesis on the company at zero okay going to zero all right we have $400 million of it doesn't mean shit doesn't mean shit oh yeah we have a great CEO who still he's been there since the beginning doesn't mean shit we have patent protection over the products all of the technology doesn't mean anything we have a continued performance from our stock analysts that cover the company Mark Delaney Stephen Fisher who are showcased on the highly on .com website and I can narrate a find a nod in the investor community I'd like you guys to keep your eyes peeled at the ACT expo coming up because there will be independent investor shirt walking around by one of my colleagues who is going to utilize his right as a paid patron of the ACT expo to gain some insights from whoever Thomas Healy has in way of the team there hopefully it's Thomas Healy himself and can garner some insights there but certainly we want to make sure and support Goldman Sachs in the continual downgrading and continual reaffirmation of what should be in the best interest of share owners right now to to sell the stock at $1.56 so in accordance with Goldman Sachs and their thesis irrespective of the fact that they own a massive share position in highly on they're calling for the company to go lower now because if you sell the company at a dollar 59 then they would suggest that that is absolutely a conviction move in accordance with their stock analysis and thesis on the company is that there is zero upside potential only downside potential and to my to my bracketing of that potential goes all the way to zero okay so zero to a dollar 59 Goldman Sachs says sell if you want to understand more about those analysts you can kick over to highly on dot com they seem perfectly happy with showcasing those those analysts that are continually wanting to downgrade the stock I think something is awry here I think something smells like absolute neon green dog shit and and that's my presumption I think that there's backdoor deals going on right now again I allude to the imperfect market that we are stuck having to play in right now and I will play indefinitely I am calm cool and collected about this particular position I have no problem with adding continued shares right now I bought 500 more shares this week at a dollar 56 a dollar 55 I actually got the receipt I thought I picked it up at a dollar 56 but just received the trade confirmation and it was a dollar 55 where that company could materialize do I think highly on is worth five or six dollars from a stable perspective now absolutely 100 percent now we're representing almost a 300 percent increase from these levels here just to get us up to a stable amount and I think one small catalyst with regard to the pressure that's building behind the dam with this company currently with the continued retraction of the stock price just imagine highly on and I'll be I'll have some fun with it is compressing a neon green spring eventually the compression of a string of a spring ultimately stops compressing and it just continues to incur pressure we have been compressed for a long long time now in my assessment in defining for shareholders what could be the ultimate range of play here for highly on I want to re-emphasize here that highly on seems perfectly fine with the company going to zero as far as the stock price so I'm preparing for that end and I will buy the company all the way down to one or three cents I have no problem with that I have plenty of idle cash my investments are are perfectly fine I'm making really really good money with the business for me it makes total sense to continue to supplement and infuse my due diligence with regard to my position and right now what's materializing for you guys if you want to understand a piece of my perspective in that I'm not losing my shorts on you know continually investing in a company that I feel is going to zero I don't it's the contrary okay but my job is to have a little bit of fun here and deliberate around this neon green monster that we have here we're going to revolve around the neon green monster and talk about all foreseeable outcomes and I'm buying into what I think highly on is completely perfectly comfortable with there's some tweets of some bearish followers and some of the trolls as well as highly on I got a little crap for liking one of the trolls comments I have no problem with that if I agree with the criticism as trolley as it might be I'm going to agree with the comment and I think it's cool and they go back and forth it's fun to watch that banter between switch hitter and check these or something like that I think it's fun to watch the banter I'm certain per in person they're probably both pretty good people I'd have a drink with them I have no problem well because somebody doesn't like highly on or has been hurt by highly on in way of entering into a share position based on the information that was released that as inevitably been proven futile and false is somehow pissed off about it and I'm supposed to like somehow not like this individual I don't I don't look at things like that guys and you'd be surprised at how I keep business in a box I keep business in a box this week I did reach out to the SEC I called them this time and I reaffirmed that I have my reports on file with them in the tune of three and I do and I called them directly and I got a call back on them and I will not disclose the particulars of that phone call on social media I will not but if you think for a second that I'm lying about calling and getting a return call from the SEC you underestimate me and you might think wow Ryan you know what does that mean I mean are you less bullish about the company no not at all not at all I am very very uh specifically critical about the stock market and the imperfections that exist within the stock market and I do believe that there is some level of co-operability and responsibility on behalf of highly on holdings to provide as transparent of information as they had at the time and at the time that that information was released they knew full well that they did not have a product that by nature of what we are looking at now in the market has taken them up till now and we still don't have certification on the product so how could you forecast the number of sales during a monumental year that was supposed to be 2023 as garnering thousands of sales when when when when what has transpired in reality is such that our final product is still not certified to date now was the disconnect between the supply chain issues and whatever else you know maybe the bullish thesis has changed so therefore we don't have to be bullish on the company anymore we've already received our SPAC funding now we can just sit on our haunches and and enjoy this big infusion of money you know um the people who are bringing into the company right now and we are the Barbara directors we just given away shares anyway right who cares the only people who are hurt are retail investors um that of which I represent retail investors I don't represent institutional investors my sympathy goes very little for them they're not investing their own money like institutions are we are and I should be commended for my efforts for coming on and deploying an institutional mentality with regard to a retail position in the stock I want you to think about that okay if you're going to buy into traditional means of owning highly on holdings you'll lose you'll lose and I've provided throughout the insights of covering highly on this entire time as brutal as it's been it's been horrible it's going to be a lot of fun to cover the company when it's fun to cover the company right now it's not fun at all it's not fun at all and I share and a lot of people might think that the coverage of the company is based on a position of desperation in that I have to do this oh you're so early mistaken I will continue to cover the company when it's conducive to do so what what's interesting is I'm provided top cover and understanding that youtube and influencing stock price is quite obvious quite obvious that it is impossible to generate churn on youtube to affect the stock price of a company it's impossible okay so I have a catalog of content on youtube that proves that as consistent as my message has been has done nothing done nothing in way of generating churn if not the opposite in driving the share price down to its anemic level that it's out right now at $1.59 so that's great it actually gives me the freedom and flexibility on the upside to continue to cover highly on holdings without garnering any type of attention why because I have years of catalog of proving how futile those efforts will be when the company goes up it will still be the same mentality and understanding that whatever I do on social media has zero zero effect whatsoever on the stock price itself rather the very intent of the message and that is to educate people on the opportunity that yes in this particular case has been driven to oblivion and in a lot of a lot of capacities out of a lot of people's psyche in that I think a lot of people when they sell a stock they just want to forget about it I think in due time highly on once they start to get their feet under them and start to materialize on orders I think it's going to be a rude awakening for a lot of people who have moved away from the independent investor channel all together this is great too it's exactly where I want to be I'm more comfortable actually proving to people through action rather than just talking myself to hype if you want talk hype go listen to Jeremy with financial education okay there's a lot of those clowns on YouTube who do a lot of talk and a lot less action okay I will prove this out and when it does start to gain some momentum the independent investor channel will explode as I calmly expect it to be and I will sit calmly across from a YouTube audience and remind you that I told you so and that'll be fine and that'll piss a lot of people off it'll make a lot of people happy because it will fortify for a lot of people what it is that we see now we have the ability to judge a company based on the future projections and not necessarily what we're caught in now in the minutiae of a very very non conducive stock market to companies like this that are pre-stage commercialization I would say not pre-revenue they're earning some money but I'm not interested in all at all anymore in the EX hybrid they've proven many many times over that the initial projections even for the EX hybrid were a guess that they pulled out of their asshole and put on paper for people to make investments decisions on it was a ball place lie it was a lie based on what data if any data some data I don't know it was a lie define lie for me something that was put out there with the intention to deceive is worse than a lie actually a white lie is something to suggest that I did not take the cookie from the cookie jar when in fact I did where the implication is rather light in that there's one less cookie in the cookie jar but as far as the implication here for putting out information with the intention to deceive do I think they had an intent to deceive no was that the unintended consequence of putting out that information absolutely absolutely absolutely the unintended consequence of putting out that information to call for so many EX hybrid sales at the time when those projections were out and they didn't even have the new version of the hybrid when they put those projections out have materialized into very into something very very little very little I'm not sure where the strategic focus of highly on is we haven't talked about the hyper truck ERX for quite some time we've talked about the Carnot generator and how cool their heat exchanger is and how some of the 3D renderings are coming through a look that's great I mean they've got a 90 million dollars to blow on this Carnot dream that's fine I didn't sign up for Carnot I think Carnot could be a good money miker down the line I signed up for the hyper truck ERX actually being more commercially ready than it was when I initially signed up for this so right now we are holding on to a dream of them actually getting through certification which is been going on for months I don't know how long it takes I certify many many platforms during a week's worth of work so I'm not really sure what's taken so long if they've run into hiccups we would not be known I mean they don't showcase good news they're sure as hell not going to showcase bad news if there is any Thomas Healy said there has been no major hurdles in the winter testing and validation of the hyper truck ERX but you know who are we to not have a bomb dropped on us and drive this stock down to 25 cents next week could happen anytime guys and I'm perfectly preparing for that to happen if I was going to play the game of the look at the stock and say Ryan you can't invest in the company based on the stock and play the stock game and completely ignore what it is that I know through my due diligence well then I would look at the stock game and say quite simply the stock is a dollar 56 now in three months it's going to be a 50 cents it's going to be a 25 cents it's really simple it's stupid it's horrible stock market application and retail investors operate along those premises futilely and to an end that I will never be able to change all I can say to you is this in action I bought 500 more this week at a dollar 55 I'll continue to buy it as it goes down if my share base is subjected to a reverse stock split so be it so be it will 20x on the the share structure right now which sits I believe at 170 million you guys can correct me if I'm wrong I'm not sure if there's been an offering since then but 170 million in shares so let's say we just 10x that we go up over a billion shares of outstanding company shares that are I mean even more worthless than they are now and we all own you know 20x less of the stock I'm perfectly I'm prepared to do that I think it could be I think it'd be fun now I'm having fun with this ride I like being on roller coasters that go down really fast and I just imagine that I'm on a neon green roller coaster with this on the emblem I'm right here on the front of the roller coaster and I'm sitting forward right cockpit with my hands in the air enjoying the ride and and it's awesome I mean Thomas Healey's the CEO I'm a third-party observer to this and so I'm watching the grand raping going on on the short sellers so you got the short sellers over here with their with their gang rape going on over here you've got Thomas Healey our paper champion forward and center that doesn't think there's any type of an emergency at all so if he doesn't think there's an emergency neither do I we see the new board of directors that are so busy in their day-to-day operations now they've been awarded thousands and thousands of shares in this company I mean I guess it would be too much to expect that share owners are thrown abound in understanding a little bit more about each of our new respective board members who are going to execute along a strategic vision and take us to the promised land into the future but we've heard an area of a comment in way of one word from each of those three and why would we expect to have any type of clarity on what they bring to the table why would we expect anything less so I'm sitting back I'm watching the institutions and Thomas Healey and as well as myself lose a fortune on the company and and all the while the company is taking a silence on the line approach and and and I've come to a place where my focus outside of this highly on video every 60 minutes every single week that I do is the only time that I focus on the company there's a hundred other projects that I'm focused on right now and quite frankly it's organically feels good to focus on those companies that actually appreciate my time because the only people who appreciate this every week are the very subscribers and patrons of the message and for you guys I thank you I'm glad you find value in it I'm glad you appreciate the view that I put on this I'm not one-way bullish I'm I try to deliver as neutral of a perspective as I can and sometimes that involves going to the left and providing scrutiny on a company that I believe should not be immune to scrutiny at this particular juncture when they start to prove out that they can provide transparent information to a retail community that is that is more loyal to them than they are to it then I will retract when they actually start to turn out results in line with what they promised to the public markets when they came to public markets as opposed to doing the complete opposite then I will retract when I see more transparency in day-to-day operations and more reciprocation from the head guy in driving shareholder value then I will retract and I will cover this company in a way that will be more fun to cover the company you guys think I enjoy doing this do you think I get satisfaction and a coming on and bagging on a company that is my number one holding in my portfolio do you think I enjoy doing that if you think I enjoy doing that then you're probably buying into that whole robotic application of social media where you can just come on and back on to some somebody and not appreciate the human element of what I am trying to do and that is to generate a little bit of fire a little bit of stopping what I see as a slippery slope I mentioned in this video for the first time I've ever covered in Hylian that this thing could inevitably go to zero I repeat I mentioned for the first time in this video the potential of reverse stock split I mentioned for the first time in this video the possibility that Hylian actually goes into a negative value albeit I've never seen that in nature but hey everything is on the table with concerns about a company that is on a slippery slope that does nothing but go down every day I expect to wake up every single day and check the stock price and it goes down I expect it every single day and that's what happens they are absolutely delivering 100% on that on that goal if it was a goal to drive the stock price down which I wouldn't rule anything out at this point I wouldn't rule out manipulation I wouldn't rule out any any type of potential for the backdoor deals that are going on for the benefit of the few at the expense of many because that imperfection in the stock market is something that I look as an independent investor to shed light on through my message in understanding that look if we're going down we're going down with the institutions if we're going down we're going down with what was the youngest billionaire in the history of the world and will absolutely be a laughing stock in the investor community and we'll go down in the history of business lore as being one of the biggest failures of the 20th century I mean this is shaping up to be an epic failure of proportions beyond any level of imagination and where the few thousand dollars I lose every day that goes down I laugh at the fact that if he feels like the best thing to do is go silent on the line and do interviews with people that it doesn't matter it doesn't matter it does not garner the level of attention and and advocate for RNG as a political advocate if that's what he thinks is the best to do right now in the company so be it I'm way past it I have been for a long long time I'm mechanically buying shares now as I feel like inevitably we will talk and be talking about a different company in in a few short months when we start to get a little bit a bit break free of the company those grumblings are probably happening behind the scenes those progresses are probably being made they're probably being formed yet formalized but when was the last order that we received DSP was the last order that was many months ago that was an order of 10 we're in a phase right now where maybe garnering orders isn't in the best interest of the company for the the sheer fact that they can't fill orders right now perhaps maybe it's just ill timed right in in our ability to to fill orders now and and perhaps maybe we're just evaluating the company in a soft spot in time of the company and I'd like to see more fight from the company rather than just a buy into or and or a just a roll over and and and let the rapists rape them from the back and and let them stock market run over their skulls from the front without showing any type of of of fight and that's the disconnect between what I see in other companies in way of fight and really trying to pay their story forward and really solidify their spot in an industry that by nature of what they say they have a spot in that industry but as of late I've seen very little if any fight whatsoever from from highly on holdings and I appreciate you guys tune in for the weekly I know this was a little bit more to the negative side that's totally fine hate me love me unsubscribe from me that seems to be a pretty awesome habit for people they'll regret it they'll regret it I wish I could block those people who have unsubscribed from the channel because I think you get one shot with me you find that you want to be wishy with me and unsubscribe and oh when Ryan actually does something right on YouTube I'm going to subscribe to the channel I'm the same fella no matter what and when you're subscribed to me you're subscribed to my unique in-depth unabated uninfluenced perspective on a company at current juncture okay and I want nothing more than to report out on the success of this company we are not in that time right now and I will report out based on the lens that I see and the perspective that I see in today's current environment leave your comments at the bottom subscribe to the channel hell unsubscribe from the message for all I care means nothing to me but we will continue to footstomp this message inevitably as long as I'm breathing and as long as this is working and as long as this is working we will continue to push forward this message with steadfast commitment and hope to supplement what I feel is somewhat laxadaisical commitment to their shareholders on behalf of highly on holdings guys thank you so much for tuning into the message and good luck in your investment future


We'll call the meeting of the Capitola Planning Commission to order for all call, please Commissioner Welch Commissioner Ruth Mr. Christensen Commissioner Welch and chair Newman here. Thank you a pledge of allegiance Okay This meeting is being cablecast live on charter communication cable TV channel 8 and AT&T Uverse channel 99 and is being recorded to be replayed on the following Monday and Friday at 1 p.m. On charter channel 71 and Comcast channel 25 Meetings can also be viewed from the city's website www.cityofcapitola.org Our technician tonight is Kingston Rivera As a reminder, please turn off your cell phones during the meeting If you're gonna speak on any of the items today, you'll come up here and Sign your name on the sheet at the podium. So we have that for the minutes Okay, next item is oral communications I any additions or deletions To the agenda no additional additions or deletions Next is the an opportunity for public communications Which is a time with which people can address the Planning Commission on items that are not on the agenda And it looks like we may have someone Yes Give us your name and then yeah, my name is Rafa Sonnenfeld. I'm with neighbor Lee Santa Cruz I've been a renter in Capitola and I'm here today to express my displeasure and dismay at the City Council's decision last week to require Off-Street parking for all ADU types in the coastal zone And I'm requesting that this Commission use your power to push back on that City Council decision You'll be processing the The local coastal program that goes along with that decision and I think it's really bad Planning I'm arguing that Capitola has decided that preserving their current residential street parking entitlement is more important than increasing the affordable housing options in the coastal zone Preserving encouraging and providing affordable housing is a coastal access policy just like parking is But the City Council ignored the housing policy of the Coastal Act focusing on preserving their existing street parking entitlement program Capitola could have chosen to mitigate the parking impacts of the new ADUs by simply not permitting street parking for them This would not have decreased the existing coastal access for visitors or current residents and would have increased the coastal access by creating more residential opportunities There's also current limits on the amount of street parking available in the Capitola village, but they ignored that and continued to require no off-street parking or require off-street parking for any ADU even in the village New residential development doesn't need to accommodate parking. In fact all the new State laws that Capitola is flouting via the supposed coastal zone loophole Specifically exempt most ADUs from off-street parking requirements By preserving their existing street parking entitlement program even the mitigation the city just approved of Requiring an off-street parking spot in the coastal zone would require or would result in a reduction in coastal access for visitors Because in neighborhoods other than the village there is no limit to the number of vehicles The new ADU residents will be allowed to park on the street anyways A UCLA urban planning professor considered to be the leading voice in parking policy is Against off-street parking requirements and against having free parking in general so once again, I just urge you to push back on the city council and to take a stand Choose people over parking. Thank you. Thank you anyone else. We should address. Okay. Next. I is Commission comments anyone Seeing none Yes I'd like to respond to the comment that was just brought up and in my opinion, I I try to interpret the will of the city council and not to Derive their decisions anymore. In fact, we went to them to try to get some guidance on Where we should stand on ADU's and whether or not we should be very proactive in terms of Housing and be you know do bend over backwards and try to get as many people in the village as possible or Are we do we consider ourselves basically overbuilt and do and we want to push back on this and the general Consensus I got from the city council was that We wanted to look for loopholes because we did think of that. We were overbuilt particularly in the village and so there was plenty of opportunities perhaps in the liken that the new Mall area there are areas where we can have a lot of additional Affordable housing, but perhaps in the coastal zone It's not something we want to encourage and so we are kind of pushing back and looking for loopholes again That's was my interpretation with the city council was going on that and I don't want to buck them because They're the elected officials and I just try my best to interpret the code Any other commissioner comments Staff comments idea I have I'm gonna kind of combine the staff comments and the director's report this evening First our ADU ordinance went through the first reading with the city council last week Hcd had the opportunity to read the draft and sometimes Hcd offers just like the coastal commission offers to give Preliminary feedback on a draft ordinance and we were fortunate enough to line up a phone call with them today and get their responses and the sponsors were very minor in And so we're working through those so we're going to be doing a Second first reading of our ADU ordinance at the next meeting at the meeting next week to incorporate with the Hcd Requested in terms of defining vacation rentals specifying that two-story ADUs that are beyond the 16-foot limit that's allowed by the state require planning commission reviews really minor edits just fine-tuning So that will go a second the first reading With the Hcd comments will go next week To the city council. I also wanted to update you that mattress firm has come into compliance with the sign code after a Few fines that were established in many conversations 401 Capitola Avenue across the street. We've had ongoing Issues with following the building permit that also is now in compliance and they'll be moving forward and pouring the very limited area for the trash enclosure and moving forward with their building permit and also myself in the finance director and touch with Vacation rental compliance group and we'll be meeting with them to talk about services that they could possibly provide to the city the Contract that we had combined with tax review services. They weren't quite set up for that portion of it So we're branching out to a more specialized Trying to reach out to more specialized groups. So those are the updates so just a question on the 401 Capitola Avenue, I see that they've Made smaller the area that they were going to Pour concrete in there. They're gonna then cover the rest with flagstone or Some other alternative for a patio there. No The area that has been laid out to be poured will be poured the rest will be landscaping Okay, okay. Good. Thank you That takes us to the Approval of the minutes and we have Minutes of January 16 2020 and minutes of February 6 2020 Comments changes We could do it in separate motions. I abstain from item B Okay, so does anyone want to make a motion on item a I'll move that we approve item a Second all in favor I That passes unanimously anyone on item B We have second second all in favor I and the commissioner which will abstain Okay, we'll have two abstentions on that. Thank you Okay, that takes us to our consent calendar, we have two items on the consent calendar One is just a continuance, but we'll do that, but we're going to take these separately the first item is well, let me ask this is there anyone either in the audience or Commissioners that want to have a hearing on either of the two items one is a design permit for a Demolition of an existing one-story single-family residence in construction of a new two-story single-family residence at 1530 49th Avenue The other one is continuance of an application at 115 San Jose Avenue as anyone want those heard And a public hearing if not, we'll take them one at a time item a I move approval second Roll call vote, please Commissioner Welch I Commissioner Ruth I Commissioner Christensen I Commissioner Wilk I and chair Newman abstain And the next item is the continuance of 115 San Jose Avenue Motion to continue We have three seconds on that All in favor hi Okay, that takes us to our public hearings. We have three public hearings tonight Let me get an idea from people in the audience. How many are here for the 2163 Francesco Circle? One how many are here for 1115 41st Avenue? Three and how many are here for 201 Capitola Avenue? Three okay So we'll take them in the order that they're on the agenda the first one is 2163 Francesco Circle Application number 19 dash 0661 It's a tree application for a tree removal permit to remove three healthy palm trees and plant six trees Within the plan developments owning district staff report, please Good evening commissioners and chair Newman The applicant is requesting to remove three palm trees and plant six new trees on a single family lot located at 2163 Francesco Circle in the planned development zoning district The property and is in the northeastern corner of Francesco Circle Neighborhood and borders a mobile home park to the north and the capitol library to the east The proposed removals indicated in orange Are three queen palms an existing coast live oak and California palm would remain with those removals there would be Combined ten point nine percent canopy coverage with the palm tree the California palm and the oak The community tree and forest management ordinance allows for the removal of trees based on the following Health or condition of this tree safety considerations the likelihood to interfere with utility services Where the tree has caused or has the potential to cause unreasonable property damage and as part of a development application or applications The removals in this permit are considered as part of a development application Although the home is not being remodeled the property owner is proposing extensive work to the landscaping including the removal of the existing hardscape within the rear yard Removal of three palm trees and the establishment of six new trees Which are more complementary to the region in addition to some smaller plantings and landscaping In speaking with director Hurley he this is the first tree removal permit that has that is only associated with the landscape upgrade During her seven years with capitol. Typically these requests come in as a development application The community development director has the ability to approve tree removals associated with development applications However, since the interpretation has not been applied before the director thought it would be appropriate to request the planning commission review Should the planning commission approve the proposal future applications could be reviewed and approved administratively under similar circumstances As part of new construction and major remodels properties are required a post removal canopy coverage of 15% The current proposal has a replacement ratio of two to one and will have a canopy coverage that will exceed 15% when the trees reach maturity There's the list There's three myrtles and a flowering plum an Oklahoma redbud and a desert museum Palo Verde This slide lists the goals a through e of the community tree and forest management ordinance in our analysis Which was covered in the report staff determined that the project meets the intent of the goals and policies in those First a through e sections with that Staff recommends the planning commission review and approve the tree removal permit based on the conditions of approval and findings Okay So any questions of the staff at this point? This is a question. Yeah question question. So do you have the wording from the last time? We had a tree Removal and we instead went with a canopy coverage This was on I did one second Claire Street, wasn't it right? It was on Claire Street and The concern there was we were over imposing the number of trees and that really what we wanted was was can't canopy coverage primarily So if you have that I guess that was my question. Yeah, that yes, I do. Thank you Would you like red do you want anything for that if you had you could read it? Yeah, I'd be curious I hear what it says so the the draft condition for more tree plant planting flexibility The landscape plan shall reflect the planning commission approval with an allowance to reduce the six tree planter requirement as long as the 15% Minimum can't ever canopy coverage is met and shall identify type size and location of species Thank you Any other questions of staff if not, I'm gonna open the public hearing and let me just say because We've had a little problem with this in the past because as chair I maybe do this a little bit differently but I like to open the public hearing give the public a chance to say whatever they want to say then close the public hearing and The commissioners discuss it that doesn't mean that the public can then every time a commissioner gives a comment Say oh, I have something say about that because we we would then have to reopen the public hearing and let everybody speak again So say what you have to say at the beginning, please Okay, so anyone Seeing no one does the applicant applicant want to Speak at all. You don't have to Okay, all right good Okay, so we'll close the public hearing and we'll bring it back to the commission Any thoughts I have no concerns with this I do have a concern and that and that is I'm sure she's happy with the trees that she's planting, but I think we shouldn't we shouldn't require that she plant all of those trees It might be the root, you know, we might have root problems. You might have overcrowding There might be all kinds of issues. So I think I would rather go with the wording that we had on the last Last tree issue on Claire Street, which was a 15% coverage requirement Which this would more than meet but she could afford to remove a tree or two if she chose to in the process Without having to come back for approval So you're suggesting a more generous correct a more generous I I'm not a fan of our forest management plan Never have been I think this two-for-one can be a little overwhelming This lot that the applicant has is Extreme what happens to be a little bit of a corner lot. So it has a little bit of room, but When I went and looked at I don't know where she's going to put six trees when they become mature She's not going to have room. So I think we need some areas to allow a little bit of concession for Those areas and again if the goal is 15% and let's do that But the two-for-one is a little overwhelming especially on some of these small lots So you would agree with Commissioner Wicks proposal in a short answer. Yes Well, I'm just curious how you how you major 15% canopy coverage. I mean they're going to plant Probably five gallon trees or maybe a 15 gallon tree. So how do you determine the That could be 20 years So I can speak to that a little bit for trees that haven't been planted we look at the species of the species of the tree and then look at arborist reviews of mature canopy coverage or Documents released by universities to see the best guest of 10 20 30-year assessments Okay, so it's interesting how we have different takes on this situation I'm I'm totally in favor of what's happening here in terms of the merits of it, but the theory is troubles me Basically, we're saying that the trees can be removed in Conjunction with a development application, which is basically just the landscaping every landscaping and changing the trees So it's almost the bootstrap here I think the intent of that was for a development application in the sense of a new building or in addition to a building and We don't have an application for the landscape Permit because we don't need a landscape permit. So I I'd like to be interested here what the other commissioners have to say about that. I'm certainly want to see this This take place, but I'm just not happy about the theory. I'm confused about your point You're saying that would this shouldn't even become before the planning commission because she could do whatever she want their landscaping No, I don't think it's I don't think that the statute technically provides for this because it says you can Take out trees in conjunction with a development application. That's the basis for this Okay, and this is not a development application except as there's a as the staff is saying this is the first time in seven years that The planning director has been here and all the time I've been here. I've never seen This and then a plant that a development application to support removal of the tree be the relandscaping of the property How was this any different than the tree removal request that we had on? 49th Avenue the redwood tree a few well that went to counsel didn't it yeah I went to counsel because we denied it, but we still heard it. So how is this any different? Yeah, well, I don't know what they the basis for their So on that one they were concerned about Overwatering of that tree and the effect that the over watering had on the branches and the branches Therefore being unhealthy and the risk to the public This one is unique. It's it's gonna hopefully, you know, the other plant their proposal to remove palms and have trees that are Local trees is in line with the goals when we went through the criteria we read through the what 20 page tree ordinance Very closely and to make findings that these trees are sick cannot be done and to make findings that They're impacting the building could not be done But under this there's one section that does allow with the development permit and I I do think that The ordinance is ready for an update Although we can't get to it at this point because we're still in the midst of other updates But I think this is an area that could be strengthened in the language of how we apply On the redwood tree removal on 49th weren't they required to replace it with two trees? Yes, so the replacement was the same the findings were findings under Findings for removal for the health and safety of the tree the issue is the basis for their removal under the ordinance and And just to be clear. I don't the applicants fine with the six trees. I'm fine with the six trees the impetus behind that Forest service man. Where the forest management plan that we have was An individual cutting down a tree on it wasn't it had nothing to do with development at the time Even though we tried to apply to that but so I Understand the concern and why we have the policy. I I like the percentage goal versus More trees and so But if the applicants find I'm fine allow her to have six trees Hey, I think the ordinance needs to be revised to be more liberal because I'm totally in favor of new trees that meet the recommended tree Plan that we have here in place of some of the older trees that are about lives their usefulness And I'd like to facilitate that happening in other places, too And I think of more little ordinance would be the way to do it rather than Sort of the theory that this is in conjunction with the development permit There you are Anyone care to try a motion? I'm still a little confused about your your issue It just it just it's just that the fact that the ordinance needs to be cleaned up and it doesn't really have to do with What do we do with this property? But we don't like the process associated with how we're handling it. That's right. We're basically modifying the ordinance Because it needs to we want the result. We want the outcome, right? So I would move a rewarding of the requirement to what staff had read earlier that I eat a 15% coverage So you want to you can make a motion based on I move I move that and I'm not sure how eloquently to say that but You can move approval with on that basis I move approval of the request With the on the basis that we reward the tree coverage to be 15% Per your reading rather than a two-for-one tree replacement Well, I'm not quite there. I I may do a second so I could ask the applicant a question So maybe for the sake of getting this to a question period up. Okay. I'll Second that motion. Okay, and then I have a question for the applicant. Okay. Go ahead Yeah, I'm sorry. You have to come up it So really the the issue has nothing to do with your trees And your your issue it has to do with our ordinance Are you're fine with the six put in the six trees in I guess it? I'm meet the requirement is yeah, no, it's a fantastic question and I Would like to abide by what's best for Capitola Six did seem like a lot because I initially came in thinking the two-for-one deal I would do one local tree and then one fruit tree so we would have apples and plums in the backyard but fruit trees are not allowed as the two-for-one although maybe with foliage that makes it easier because then I could get the Foliage appropriate and then still have room for an apple tree for the apple pies the girls and I like to make but it's a great question and I would hope that the Arborists that I work with or the native plant garden Accordingly and with the paperwork we had looked at to see how much space is needed It looks like we have enough space to do it, but you're right I am ripping out a lot of concrete although. I want to get rid of that anyways. I want native plants I want to bring butterflies and bees in but It would be a burden on other families who maybe don't have as much space that also want to kind of beautify Capitola to what's in line with you know the point of having these ordinances, so I am okay with six I'm still optimistic. We have the space and it's going to work out, but in 20 30 years Are they going to be overcrowding? It doesn't appear to be that way, but I did defer to the experts and we had a Lot of help from Sean and his team trying to work out which best because I had a different list initially of plants Our trees I was going to plant and then we work better together of like this might be a better fit and what would fit in our Space so yeah, it's a good question. Well, I commend you for I think many people would just cut the trees down and do So I can then you have actually coming in so thank you. Yeah, of course. No, thank you for the hearing Okay I'll leave my motion. I mean my second and I got I just have a question and I is the only difference between this application and a Application remove an unhealthy tree is the fact that these are healthy trees. Is that the only difference in the review criteria that's applied So there's four criteria to an unhealthy tree and for this the criteria is that a 15% canopy coverage be provided And if we remove an unhealthy tree, it's two for one Correct. Yes Yep, two for one. So I just don't see why we would handle them differently It's in the review the criteria that's being reviewed typically so for the Project where the tree was appealed. There's specific criteria for unhealthy trees that have to be for those You're mixing two different issues, let's say let's say these palm trees were not healthy They'd have to do the two for one right same thing. We're talking about right now No, the the other commissioners here are basically suggesting an alternative to the two for one that would Apply regardless of what the reason for removing the tree is but you have to have a reason for removing the tree And that's the first issue and the second issue is what is the replacement requirement? And they're suggesting that a less stringent replacement requirement would make sense Okay, yeah, I get that so if somebody comes in wants to remove an unhealthy tree Are we going to do a less stringent requirement on that? Person probably Valuated the case pending in this case. It's a very tiny lot I mean if we were talking about a four-acre lot then maybe we would have You know a different different attitude, but most the lots are pretty tiny So it's likely to come up again. All right, okay anything further. I'm gonna call for a roll call Commissioner Welch hi Commissioner Ruth. Hi Commissioner Christensen. Hi Commissioner Wilk. Hi and Sharon Newman I am reluctantly a no here. Although I favor this project. I don't think we have the grounds for it Okay, you passed That's your apple tree, okay, so there are two more items on the agenda and I'm gonna be turning the Panel over to the vice chair and it I think I'm supposed to explain why the first item 1541st Avenue I have a commercial relationship with the applicant that this qualifies me from hearing that item and The second item at 201 capitol Avenue. I have the property within the required art The proximity requirement so that disqualifies me from that and that will take us to the end of the agenda So I will see you next month Enjoy your evening. Mr. Newman Okay, that brings us to public hearing item B 1 1 1 5 41st Avenue application 1 9 0 5 3 4 and this is For an amendment to a master sign program for a Neal's serve shop located within the CC zoning district at the presentation, please Thank you The applicant is requesting an amendment to the master sign program for an existing business located at 1115 41st Avenue in the community commercial zoning district the The existing O'Neill surf shop is a two-story commercial building along 41st Avenue Across from in shape health clubs and Vruity liquors The site is located within capitol's 41st Avenue commercial corridor and on the border of the city at limit adjacent to residential uses within the unincorporated area of Santa Cruz County This is the site plan existing wall signs are located on the beveled corners along 41st Avenue Sign a faces 41st Avenue and Milton Street sign B faces 41st Avenue as well and the railroad road This is the existing and proposed sign for the northeast corner This is the existing and proposed signs for the southeast corner as you can see the proposed signage Has reduced the size of the logo and increased the size of the text both Signs in existing and proposed are identical to each other on either corner The original master sign program was extremely limited It referenced the possibility of code enforcement and the necessity of a business license The only standards in the original permit were related to large and small letter height and logo height The proposed signs did not comply with the maximum lettering heights To accommodate periodic changes to letter and logo height staff suggested the applicant Modify their master sign program to allow more flexibility This would allow future permits to be issued over-the-counter provided that they meet the standards The amended master sign program includes maintaining existing sign locations maximum sign area Maximum sign height and width maximum combined letter height and maybe internally or externally illuminated With lettering style and cup sign color subject to community development director approval The proposed signs comply with the amended master sign program as shown on the slide With that staff recommends the Planning Commission review and approve the master sign program amendment based on the conditions of approval and findings Any questions for staff None okay, then we'll open the public hearing to anyone who wishes to speak on this item You could sign your name and identify yourself, please I'm good evening Honorable vice commissioner and vice chair and commissioners and staff. I'm mark massara and represent O'Neill and I'm here with my colleagues to thank you for your consideration and also to thank your staff For working with us on this application We're in agreement with your staff on all the proposed conditions and findings And are simply here for any questions that you might have. Thank you Okay, thank you Okay, anyone else wishing to speak? And we'll bring it back to the Commission Any comments comments comment. I'll make a motion to approve is Every emotion in a second. We're the roll call, please Chloe Commissioner Welch I Commissioner Christensen I Commissioner Wilk I and the vice chair Ruth. Hi motion carries Okay, that brings us to item C 201 Capitola Avenue This is a design permit and conditional use permit for modifications to an historic structure Introducing new windows and doors along the San Jose Avenue facade and Converting a second-story office to a residential unit located within the CV zoning district. Excuse me vice chair I believe I have to recuse myself due to proximity Okay, thank you We're dropping fast All right, thank you vice chair Ruth As you mentioned the applicant is proposing an interior remodel of a 4958 square foot historic structure that includes a new recessed entryway along San Jose Avenue and the conversion of an existing Second-story commercial space into a new residential unit in the central Village zoning district Existing commercial structure at 2 on capital Avenue as mentioned is historic It's on the southwest corner of capital Avenue in San Jose Avenue The 5,140 square foot lot is adjacent to the capital of mercantile to the south and capital of candy company to the west The structure currently contains two suites previously occupied by the Village mouse and a Thomas Kincaid gallery Capital Avenue is made up of mainly one and two-story structures with retail uses on the first story So here's the site plan Here's our first-story existing floor plan the gallery that's not included really in the project is on the lower left-hand corner there And then the Village mouse space stretched all the way from the bottom right up to the storage area on the left There's a mezzanine with a staircase that you see at the bottom that will be the staircase will be removed and the mezzanine will be modified and Then this is the existing second-story floor plan, which is above that middle section of the Village mouse space So here's our first-story proposed floor plan African is proposing an interior model remodel that will create one additional commercial tenant suite for a total of three And one new residential unit on the second story all proposed changes are within the commercial space previously occupied by the Village mouse Except for that small bit in the bottom right corner of the Thomas Kincaid gallery space the second-story Plants that indicates that there is an existing residential unit on the second floor inside the commercial space at 2 on Capitol Avenue That can be only accessed by the stairway and mezzanine inside the commercial suite Which looked a little suspicious. So when we we did a little review of the building permit history and occupancy codes and Basically, there's no proof that it had ever been a legal residential component there Which is why they are proposing a new residential unit as part of this project There is however an existing doorway at the front that they'll be utilizing to access the staircase here alongside Jose Avenue Residential uses on the first and second floor are principally permitted in the central Village zoning district The residential unit would also be converted from existing commercial floria and no additional floria is proposed Actually by replacing the mezzanine with smaller hallway the project actually reduces the floria of the structure by a hundred and sixty-two square feet The building building currently has no on-site parking the previous retail use was eligible for beach and village parking lot permits Which are only valid in the lots behind City Hall However under the Village parking permit program the new residential space would be allowed either one transferable hang tag for a part-time resident or Vacation rental or up to two stickers for full-time residents. Therefore the proposed residential unit would increase demand on village parking spaces Here's our existing elevations There's no proposed changes to the north south or west elevations. So we'll focus on the east the proposed architectural modifications Face San Jose Avenue and include a recessed entryway with doors to the new suites a new display window with an awning a new single-pane window replacing the existing three-pane second-story window and A new awning over the existing door that will become the entrance to the second-story apartment The proposed design will maintain the sharply arched fluted square streamlined columns of the historic structure Because the proposed structure a proposed project includes significant alterations to a historic structure a conditional use permit is required In order to qualify for a sequel exemption So architectural historian Leslie Dill reviewed the project for compatibility with the secretary of the interior standards And with the incorporation of several clarifications and other minor recommendations noted in her report which were Subsequently included the proposed rehabilitation project could be found to meet the secretary of the interior standards The current application does not include a request for new signage But while doing the research for this project, we discovered that a master sign program does exist for the property It is still active. So staff thought it would be it would be important to include a review of that master sign program in case future tenants wish to utilize it in order to install new awning or window signs So the master sign program consists of An awning sign so number one the things indicated is number one here are awning signs over both windows on Capitola Avenue frontage One with the T. Kincaid Identification and the other with the village mouse identification and window signs for both those windows The number two is an awning sign with village mouse identification over the window on the corner of the building at San Jose Avenue And a window directional sign for Thomas Kincaid and number three an awning sign with Thomas Kincaid identification over the entrance to the suite adjacent to San Jose Avenue The approval specified that awning signage would be living limited to five inch white lettering and that the total sign area would be limited to 5.5 square feet And that the awnings shall be maintained and replaced when deterioration has occurred to the extent that the aesthetics of the awnings are Not in keeping with the village character so based on that last part and due to the deteriorated nature of the existing awnings with their previous awning signs painted over but still visible through the paint as shown here Staff has included condition number 26, which requires the awnings to be replaced prior to a planning final So that staff recommends the planning commission review and approve project 19 0 375 based on the conditions approval and findings any questions for staff on the awnings the Kincaid Gallery awning is different from the other ones But in that one picture I Think when it was about the master sign program, they were all the same Is there a requirement or consideration or has there been to make them all the same? I didn't see anything about that Okay, so I mean you could add that condition to this project if you like, okay Okay, no questions in it's a public hearing and we'll open it up. Is there any motion to speak? Good evening. Honorable members of the planning commission. I'm Dennis Norton. I represent WRR Properties and the administrator of those properties. Rick Avila is also here for the answer questions This has been a vacant store for a year and a half and it is a prime location in the village it's been fairly damaged in the village to leave a vacancy like this so long and The conclusions we came to is is there was a there's a lot of demand out there to put a restaurant in here We brought we can't make the requirements the parking requirements hold us from doing any kind of use besides retail there Now the exception that would be as if it was a small five-seat wine bar like was just put in down the street So it came to conclusion that the way to get this building rented is to actually split the building in half and so what you're seeing here, that's why we had to add the side entrance to this and That creates a secondary unit to the to the back part and then the front front part of the property bit So more than likely it's going to go to two different types of retail in there The the building in the back is the art gallery that will stay as it is although it's considered That the whole building is historic In other words the even the gallery in the back because the connected building was considered in in the review of of this property We agree with all the conditions approval We're really anxious to get some attendant in that building. I'm sure the neighbors are too We're not changing the footprint at all the upstairs the upstairs Unit those actually been there for many years. The difference was is you had to walk through The old village mouse to get to it and it's probably used as their office But there's a kitchen in a in a bathroom. We're up there So we're not creating new space anywhere in the building this we do is we create a separate entrance So there could be a small rental apartment upstairs in that building We're not changing the footprint of the building There is actually an open space in the back of the building that may be used for instance If the back unit is taken by a yoga studio, it could be used as that kind of use for an outside area so It's it's a It's it's historic. I think in our minds architecturally it's questionable But we're not changing anything on the outside with exception of indenting that one area where we have display to display windows and We appreciate your approval on this project any questions Dennis Dennis on that on ink over the Kincaid gallery Do you intend to replace that along with the other ones as the same or still the same styles So they have a their own identity we could well, it's a We can go either way on the thing but that what we'd like to do is the one awning that's over the new door there The left we would like to match that to the rest of the building because it's in the same Business format we weren't planning on removing that that awning but if it's a wish of planning commission we can make that work Yeah, I think I'll leave that up to the rest of the commission the other thing The windows on the on the east elevation Just on the scale of your drawing they appear to be closer to the sidewalk the bottom of the windows than the other existing windows is that true or is it just the The one to the left Mick is right at the sidewalk line. That's an existing wall But what happens the one to excuse me the one to the left the one to the right where it has a transcend window above it The transcend window is already there. It's above what we're doing. We're pushing back So you can put an entry door to the left in the right there. So that window. Yes is set back from the rather others But I mean the distance from the sidewalk to the bottom of the way There's six feet in height and from an eight-foot header. There'll be two feet off the ground Okay, is that the same as the other existing windows? Yes, if you look at the look at the front ones over here Okay, it just looks different on your drawing Yeah, I think they're meant to be the same. They're the same height and elevation all the way across the top. Okay, okay, and about the apartment If Dennis probably remembers Joanne McGowan lived up there for Decades, I'm surprised. It's not grandfathered in because that started back and Karen could probably verify back in the 60s, right? So yeah So it's gutted but it there there wasn't for years a apartment up there And and we're just putting it back to what it was and making all make it at all to code today That's what our intention is. We're gonna add to ad you ad a bathrooms downstairs So it'll serve us the the two the two all three of the downstairs tenants So we're adding facilities that are bringing this building up to its code today Oh, it's been vacant for a long time if this helps to get it rented that'd be great I think it will. Thank you. Okay. Thanks Dennis anyone else wishing to speak on this item Okay, see no one will close the public portion bring it back to the Commission for discussion any comments No, I'm I'm Happy to see that in some work done so we can get this thing rented I actually I liked the architectural design of it Dennis I know he said doesn't have a lot but it's maybe it goes back from the days and past remembering but Yeah, I'm in favor of it and would make a motion to move forward with the project as staff recommend recommended Comment second. Okay. Have a motion in a second then Roll call please Commissioner Welch. Hi Commissioner Christiansen. Hi vice chair Ruth. Hi motion carries. Good luck Good maybe we'll get that hole in the village filled now Okay, that brings us to directors report No directors no report any communications from commissioners none Okay, meeting is adjourned