Okay, okay good evening. We'd like to call the meeting during City Council meeting to order at 7.03 p.m. on Monday October 17th and certainly want to welcome all of you there with us this evening. We just take a moment for a silent meditation please. Thank you. Recognize Councilman Davis to lead us in the pledge. Madam Clerk, can you call the roll please? Mayor Bell, Mayor Pro Tem Cole McFadden, Councilmember Davis, Councilmember Johnson, Councilmember Moffitt, Councilmember Reese, and Councilmember Shewell. We have two recognitions this evening. The first like to recognize Mom's Rising Steering Committee member Jessica Burroughs. She would join me and her troops. Thank you very much. On behalf of all the moms and kids you see here we're all Durham residents as well as the 41,000 moms rising members in North Carolina. We want to thank you for focusing on the early education of Durham's youngest citizens. And we want to present you with a thank you card signed by children ages one to five and parents. Thank you. Thank you for passing a resolution to all of you. Thank you for passing a resolution supporting the creation of a task force to explore expanded access to high quality pre-K with the long term goal of establishing universal pre-K in Durham. So that one day maybe Sammy here will be able to participate in pre-K. So thank you for having the vision. Thank you, Mayor Bell, for reading to children every year during week of the young child and for focusing and raising awareness on early child education. Thank you for caring about our youngest citizens. Just to show how important and notable this work is, National Moms Rising has created a booklet highlighting just a few cities across the country that are doing extraordinary things to help our youngest citizens. And on page on the first page, page two, Durham is highlighted for your important work. So our superheroes here are gonna pass out medals to each of you thanking you for your service as well as a copy of these booklets and coloring books for you to share with your children, grandchildren or we won't tell you can color them yourself. So thank you. Would anyone else like to offer thanks? We're all very grateful. It is a huge investment in our children. We all know that it doesn't just help families. It helps the economy. It helps businesses and we appreciate you very, very much.  We're doing deliveries to mayors. We are doing one in Dayton, Ohio tomorrow, lifting up cities and city council members and mayors that realize that this is the future of our kids. And so we appreciate you. We are proud to say we're from Durham and we're proud to be lifting you up across the country. Thank you all. Well, let me say on behalf of the Durham City Council and certainly all the citizens of Durham, you honor us by recognizing us, but we all recognize it as to see our most precious resource our children. And certainly when we have an opportunity to recognize them and also thank them for what they do and the young leaders of tomorrow, some of the leaders of today, we're very appreciative and certainly have to want to thank the parents and all the relatives who also participate and make this possible. So we're really honored by this recognition and appreciate it. Our next recognition is a continuing program that we've initiated. It's the Neighborhood Spotlight, where we highlight and spotlight a recipient who has worked in their neighborhood for the month of October. And this evening, we're honored to recognize Miss Sue Watson. Sue, if you would join me, please. I think probably everybody, certainly on the council knows, Sue, Steve, you know, sir. How you doing? Good to see you. Thank you. Sue has been very active in her neighborhood. She can be seen regularly picking up litter around Forest Hills. It's the neighborhood that she represents and Third Fort Creek and taking care of neighborhood cypress trees. She also is a welcoming person for new neighbors and connects them with the rest of the neighborhood. And when it's a problem in Forest Hills, you can always know you can count on Sue to help conduct have the proper persons to help them in any way they can. I've known Sue, I guess I know safe forever, but a few years. And she's certainly been a very good friend of this community. And I consider it to be a friend and I'm honored to present this spotlight award. And it reads, this certificate is awarded to Sue Watson in recognition of valuable contributions to the Forest Hills Neighborhood Association, making Forest Hills in Durham a cleaner, safer and more engaged community, welcoming new neighbors and connecting them with the rest of the neighborhood, picking up litter around Forest Hills Park and Third Fort Creek and taking care of neighborhood cypress trees. And it's signed by Tom Bonfield, the city manager myself. And again, on behalf of the City Council, we're pleased to present this to you, Sue, and certainly if you have any comments, we'd like to hear them. My only comment is my biggest fan club member is here tonight, my mother, Jerry Watson. Mr. Mayor, let me just say that I did work every day with Sue for 30 years. And for that, she also deserves a medal. I agree. She does 30 years for you. Yeah. Okay. Let me ask first, are there comments by council members? I can ask Councilman Reece, the mayor pro town in that order. Thank you, Mr. Mayor. As you know, two weeks ago at our city council meeting, we were joined by some of the folks from the Durham Crop Hunger Walk. And they asked us to consider participating in something called the snap challenge. Essentially, this is a five day project by which an individual, in this case, myself and my colleague Jillian Johnson commit to eating no more than $4.20 worth of food per day. That is the that is this year's snap allocation for folks that receive snap benefits here in North Carolina. The purpose of this project is twofold. Number one is to raise awareness about just how living day to day on that amount of food changes the way you think about what it takes to prepare meals, what it takes to make food choices within that very restricted budget. I can tell you after just about 24 hours, it takes a lot of work and a lot of many planning that normally you don't have to put up with.  That's not really possible on $4.20 since today. And while I don't think it's possible or even the purpose to give any participant the full experience about what it's like, what the impacts of poverty really are on people on a day to day basis, I do think it's important to raise awareness of just how little money folks are expected to live on when it comes to their food under this program. The second way that this program helps folks is that we are encouraged as participants to look at what we would normally spend during a week on food over these five days. And then donate the balance. That is what we did not eat this week by restricting ourselves to $21 of food over five days and donate that to the Durham Crop Hunger Walk. And as soon as I tote that up, and I know Jillian already did that work to do the math to figure that out. But we're both going to contribute that to the hunger walk. So I just wanted to raise that up as something that's going on all across our city this week. People are choosing to go through this experience. And I just want to say thank you to the Durham Crop Hunger Walk and the other participants in that program, specifically Durham congregations in action in hunger Durham and Durham cares who are also sponsoring this event. Thank you. Thank you, Johnny. Recognize the mayor pro tune. Good evening. I actually brought remarks yesterday at that at that function and challenged them to have us do that during Thanksgiving time, when it would really be difficult to do. And that's my challenge to all of us. So many great things are happening in Durham this past weekend. The North Carolina Central University Eagles celebrated our homecoming. A part of the homecoming celebration was a football game. And which we actually beat down Savannah State University. I really felt sorry for them. They were visitors. And we normally treat our visitors with care here. But it was a beautiful day for football. And then yesterday, the farewell of the battle of the bands at North Carolina Central was held. And Adrian Carroll is moving on to a different kind of calling where he will still be working with historically black colleges and universities. And tonight I wear this orange ribbon out of awareness for leukemia. In fact, today at my church, I attended a home going celebration of a young man 50 years old father of two who lost his battle with leukemia on on last Tuesday. So we need to be aware of and edge educate people about leukemia and other kinds of diseases that we need more funding for for research sickle cell anemia, breast cancer awareness, all those kinds of things. I'm just excited about being in Durham. There are wonderful things happening everywhere. I go and that's all I have to say. Right now, Mr. Mayor, I'm just overcome with the beauty of where we live and we need more people to talk about Durham and the great things that we do because we really care about other people. Thank you. Let me ask there other comments or questions. I said this was weekend was was really a lot of activity in Durham, the Black Wall Street, which was I had an opportunity to attend. And the others did also. And I just happened to be downtown Surrey for one thing. And I couldn't help but see all the energy that was happening in downtown at the ballpark at the art center. Just just all around town. It's a beautiful day. And there's so many people out. And I make sure you feel good that you have a city such as Durham to enjoy it on a day like we saw this weekend was really great. What was interesting, because nobody knew who I was. You'd be walking behind people and you could hear them when I say that. Okay, these people didn't know. You know, just walking behind people and you can hear them talking about Durham this, Durham this, Durham this, and that's that's what was really, really amazing to me. But having said that, we need to do it to city's business. So I'm going to ask the city manager for his priorities. Thank you, Mr. Mayor. Good evening, everyone. Priority items this evening regrettably are continuation of the deferral excuse me of six public hearings item 15 through 20. We recognize this is the second time that these public hearings have had to been deferred. And both cases do a publication oversight at the Herald Sun. For the people who are affected by this, both the the developers and the petitioners as well as members of the community who want to appear before the council to voice their approval support or concerns. The administration does want to apologize. I've talked to a number of folks who are very disappointed that they haven't been able to have their day before the council. But I believe all of the issues associated with these glitches have been corrected and clarified. And at this time, items 15 through 20 are now being deferred to a public hearing on November the 7th, 2016. Thank you. Entering a motion on the city manager's prior items. It's been proper to move the second. Madam clerk, will you open the vote? Close the vote. It passes seven zero. Thank you. Recognize the city attorney. Thank you, Mr. Mayor. No priority items. Likewise, city clerk. No items, Mr. Mayor. Therefore, we proceed with the agenda. First item being consent agenda. An item can be approved if an item is removed from the agenda by either council person or member of the public. We discuss it at the end of the agenda. The first item is Carolina Theodore Durham Board of Trustees appointments. Item two is the Durham Convention and Visitors Bureau Tourism Development Authority appointment. Item four is the Durham Bicycle and Pedestrian Advisory Commission appointment. Item five is the Durham Historic Preservation Commission appointment. Item six is the Inventory Performance Audit for June 2016, dated August 2016. Item seven is the Resolution to Support the Equal Rights Amendment. Item eight is the Professional Services Agreement Amendment number four for the DCHC MPO Database Enhancements and Application Support. Item 10 is the Contract for Professional Engineering Services for the Emergency Action Plan for Critical. 48-inch sewer main crossing. Item 11 is the Resolution Authorizing City Auction. Item 12 is August 2016 Bid Report. Item 13 is Construction Management at Risk Guarantee Maximum Price Amendments for Balance of Trades with Leachase Construction Services for the Police Headquarters Complex and CIP Ordinance Amendment. Item 21 through 22 items that can be found on the agenda as public hearings, entertain a motion for approval of consent agenda with the exception of item 13 and item seven. It's been properly moved in a second. Madam Clerk, we open the vote. Close the vote. It passes seven and zero. We'll move to the general business agenda public hearings. Item 21 is an Amendment to Economic Development and Center Agreement with A&J Capital Corporation. Mayor Bell, members of council, my name is Chris Dickey with the Office of Economic and Workforce Development. The item before you recommends the approval of a contract to amend the agreement between A&J Capital Incorporated in the city of Durham related to Economic Development's Center of Contract awarded to A&J Capital Incorporated on February 2nd, 2015. A&J Capital proposes to renovate an underutilized and blighted building at 406 South Driver Street, which is located along an OED Office of Economic and Workforce Targeted commercial corridor located in Northeast Central Durham. The plan is to redevelop an 8,500 square foot building into a mixed-use commercial building. The A&J contracts typically state capital investments totaling 395,000 would need to be in place by February 2nd, 2016, and project close must be finalized by February 2nd, 2017 in order to receive the $170,000 grant incentive. Staff is requesting that you authorize the city manager to execute an amendment to the agreement between A&J Capital Incorporated and the city of Durham date of February 2nd, 2015 that would extend the deadline for project completion to December 31st, 2017. Is there any questions? I'll address it. This is a public hearing. The public hearing is open. You've heard the staff report. I would ask for the first questions by members of the council on the staff recommendation. If not, is there anyone? I'm sorry. Councilwoman Johnson and somebody else. Councilman Rees. Thank you, Mr. Mayor. Is the applicant present to answer questions? Yes. Hey, thank you. I just wanted to ask you a couple, if you could just briefly tell us your plans for the building, the current status of the project. Well, the status of the project is... My name is James Rogers. I know many of the people here was a city employee for about 15 years, a long time ago. My plans... Mr. Rogers, could you speak into the microphone please? Thank you. My plans for the building... I've owned it now for a couple of years and have started doing some work on it. It has five commercial spaces on the ground level and the upstairs level was used for residential and I plan to put two apartments there. I have... There's a barber shop that's currently in the building. It moved in a couple of months ago. There's a mini-mart in the building. You may have heard Eastern Pie Company plans to move into the building. We have a letter of interest. I have not done a contract just yet, but hers is a new pie company. She actually lives over in that part of Durham and we're both excited about her moving in. There will be a beauty salon in one of the corner spaces. All spaces are actually occupied. There's going to be a virtual office in a smaller space, a 700 foot space. We've already planned that out. We have a creator website that's going to be totally automated so people who need an address in Durham and who need a business office in Durham can use and who wants to be in Northeast Central Durham can have an address there. Closing is scheduled for the loan to... I believe you also have something on the second floor. Do you not? Yes. Yes. There'll be two apartments on the two residential apartments on the second floor. About 25, 2600 square feet. Those apartments should be pretty nice as well. Everything there will be new. I really like the view upstairs in that building. There's a corner spot with windows on both sides and the view is just really phenomenal. The neighborhood is changing. You know, I've always thought that that building was the focal point of this particular community. When I was in college in North Carolina Central back in the late seventies, early eighties, there was a shoe store in the corner spot of that building. They sold second-hand shoes and that is where I went to buy my shoes. I'm really looking forward to renovating this building and bringing some life back into that neighborhood because I think this is a focal point. If I can get that building done, then I think it helps to stimulate growth in the whole neighborhood. Like you guys, I really love Durham. I've been here since I came to school here and I have seen so many changes. I was police officer for a long time. I was attorney for the police department for about eight years and I remember patrolling in downtown Durham when nobody was there but the police cars and everything has just changed so significantly in a positive way. I think that's, you know, Mayor Bale deserves, as well as the council members, deserve kudos for that. Mr. Bale has been around for a long time and he's seen a lot of those changes as well. Thank you. Could you give us a sense of what the rent is going to be for those apartments and also for their retail space? Currently the rents are for the the folk who are there now. There's about a 700 square foot space that's rented by a young man who has a minimart there. That was there when I bought the building and it has remained there. The rent there is like 650 dollars. The rent for the barbershop is about a thousand dollars was a thousand dollars. The apartments will rent for I think about a thousand dollars each but they're they're both, you know, rather rather large. The corner spaces, the pack companies rent is going to be about 1100 dollars. The salon is 900 dollars in the virtual office. We don't know what that's going to be. We just kind of selling leases and spots to people but we're, you know, hoping that we'll make at least six, seven hundred dollars a month for that. That all sounds really affordable. Thank you for giving us that information. One last question. The folks who are currently doing the renovation work are those contractors being paid living wages? They are. They are. Most of the subcontractors that I've used so far, they've been Durham contractors. I've even managed to use some people from the community. There are a couple of folk who live over our pettigrew, a couple of young guys. One guy, I remember his name is Chris and I don't know Chris's last name but he hangs around the neighborhood and he's always looking for something to do and, you know, I try to, even though I don't really have a job for them, I find some work for them to do because if I keep them busy and keep them coming there every day, they may learn something from the electrician. They may learn something from one of the carpenters and, you know, I can show you a line of texts where Chris calls me, texts me every day, Mr. Rogers, you got a thing for me today and I always like to say yes and sometimes if I don't, I'll just come over and we'll, you know, have a drink or something, a Pepsi, at the minimum and we'll talk. But yes, I do pay living wages. You know, I don't believe in the seven, eight dollars because, you know, I think people deserve more than that and I also believe that you get what you pay for. Thank you so much. I really appreciate those commitments and your commitment to the community and the work that you're doing here. Thank you. Councilor Maurice. Thank you. I just wanted to mention that I am, generally speaking, not a huge fan of public dollars going into private developments. I don't think that's going to be surprised to anyone on the Council. Having said that, I did manage to go back and review the plans for this project that were presented, I guess back in February last year, does that sound right? I actually watched the Council's conversation about that and went on to learn some more about you who I never met but I now know quite a bit about and I just wanted to say that based on what I learned after looking into the project and the answers you gave to my colleagues' excellent questions, I just want to say that this is exactly the kind of project that we need and exactly that spot and I think it says a lot about how you feel about the city and that particular neighborhood that you're willing to put yourself into something like this. So thank you for everything you're doing and I'm looking forward to seeing what happens. Thank you. Recognize the Mayor Pro Tem. Hi James, thank you so much for after we allowed you to graduate from this right university, you decided to stay right here in Durham. I fully support what you're doing, especially your compassion for Chris and keep him busy. You are a positive role model for so many young black men in that area. Thank you. Thank you. Although the Council comments, if not, does anyone in the public want to speak on this item? This is being a public hearing. I'll let the director reflect on no one else that's to speak on this item. I would put them here to be closed as a matter of fact before the Council. Move the item. Second. It's been properly moved and second. Madam Clerk, we open the vote. Close the vote. It passes 7-0. The next item is item 22, economic development agreement between Durham, ID Phase 1, developer LLC and the city of Durham. Mr. Mayor, Madam Mayor Pro Tem, members of Council, senior members of the leadership of the city administration. I'm Reginald Jones, acting senior economic development manager in the Office of Economic and Workforce Development. The item relates to a modification of the current agreement regarding the construction of at least 21, 271,000 square feet of new commercial space and associated on-site structured parking facility, publicly accessible open space known commonly as Phase 1 of the Durham Innovation District. Durham ID Phase 1 located in the Durham Central Park District of downtown Durham. On September 21, 2015, the Durham City Council held a public hearing where Council authorized the city manager to negotiate a proposed economic development incentive agreement between Durham ID Phase 1 developers LLC for the properties being redeveloped at 224-301 and 302 Marsh Street in the downtown Durham tier of the city of Durham. The total incentive payment amount is not to exceed five million two hundred and fifty thousand dollars over 15 years. This agreement was passed. This item before you now is requesting that the you authorize the city manager to execute the revised economic development incentive agreement between Durham ID Phase 1 developers LLC and the city of Durham for capital investments associated with the construction of Durham ID Phase 1 for the total incentive that was mentioned earlier five million two hundred fifty thousand dollars over 15 years. Thank you. You've heard the staff report I would ask first other questions, comments by members of the council, recognize Councilman Schuhl, Councilwoman Johnson, Councilman Reese in that order. Thank you very much Mr. Mayor. So as I read this it involves a number of really substantive changes in the agreement. So is the representative of the developer here, Reginald, who could speak to some of these? Yes, with your permission. Is that all right with you, Mr. Mayor? Jessica Brock with Longfellow real estate partners. Thank you. Ms. Brock, the this, well I've got a number of questions but let me let me take it from the top. The there's a change in the minimum capital investment required as I read this from 87 million dollars to I believe 78 million three hundred thousand dollars which is a potentially a 10 drop in the minimum investment. Did I get that right? You did. Yeah, so I guess I would say to our administration that we don't have a pro-formal on that so it's unclear to me what that means in terms of the return to the city. Does it still fall within our incentive guidelines? Do we, you know, so I'd be I'm reluctant to vote for this let me just say tonight without some sort of pro-formal. This is a significant change in the financial formula that existed when we passed it so let me just say that Ms. Brock I know that's not your problem but I do want to say that to our administration but let me also understand the change in the parking space is just to make sure I'm clear. I believe the original plan was for 820 spaces and that we were that the city was to be able to use 410 spaces for at nights and weekends for members of the public and that now that that has changed to a maximum of 410 spaces that would be available to the public. Is that right? It is it's a maximum of 410 which is the same as that originally was so it's 820 which was 410 and so it's still 410. Right but I think the difference as I read this is that you all also reserve uh well it's changed as to now it's not 820 spaces it's 820 spaces or as much as 10% less than that which is a change from the new agreement and that this the number would be reduced at the developer's you know initiative is your choice by as many as 82 spaces so that would potentially mean there would be 738 spaces over which as I read this agreement the city would have no control and that would leave potentially but but the the you all would still have access to 410 spaces leaving this public with access to only 328 spaces in that situation so at least that's why I'm sure that's how I read it and Reginald you can correct me if I'm wrong. The 10% only applies to the overall investment it does not apply to the number of parking spaces that would be available on nights and weekends. Well if you look at the agreement the agreement if I can find this 2.11 is where it says that an amount within 10% of the 87 million dollars I don't see where the 10% applies to us being able to reduce the number of parking spaces. That doesn't but keep looking at the agreement for some reason mine has now disappeared from my iPad but I'm trying to get back. I mean weekend I'm happy to look at the agreement further that's certainly not our intent is not to reduce the number of spaces that are available on nights and weekends by less than 410 spaces so we need to clarify the agreement to make that abundantly clear I'm happy to do that. Okay that would be great because you can read it but the way I read it is is a maximum number of spaces for the public of 410 and if it was therefore reduced that you all it's not it doesn't say that you all would reduce the public's but I just want to make sure that this that the that the public is happy to make that clarification because that's certainly not our intent at all to reduce those number of spaces. Great great now on the on the open space and you can maybe help me here too it's my recollection that originally there was a particular parcel of open space it was identified to be kept open to the public for public use and to be maintained by the developer. Correct. And was that parcel is that where the 0.22 acres and size comes from was that the size that part? Yes it's the same it's just applying an exact acreage instead of a percentage but it has not changed. Okay so it says here in the agreement that that the it sounds it doesn't it doesn't specify that the parcel will be where that parcel is now that is to say the parcel could be somewhere of the developers choosing after consulting with the the downtown open space plan and that kind of thing I'm not necessarily against that but I don't exactly know what it means either was that in the original agreement or is that a change in this agreement? I think that was in the original agreement spaces is where where it was originally if we need to make it more clear of exactly where it is it's in the exact same space and so we have identified it exactly where it will be. Okay why don't you take a look at the agreement and see if you agree with me what I what I think it says is that it kind of can be anywhere after looking at the downtown open space plan so I think that in my mind it would be important to have some more specificity about that. Was there any reason that you changed the or that that a change is made in the agreement from the 7.23 percent of the acreage to the 0.22 acres? That was at a request of our lender that our your lender as we go as we move from conceptual to actual financing the project to making it a reality they ask that we move these from percentages to actual but there is no change it's the exact same space all right moving it from a percentage to an acreage. Okay okay um so again you know I would just say uh thank you Ms. Brock I appreciate it. Sure. I would just say to our administration that I would really like to see I'd like to see a pro forma that would explain what 10% less investment might mean in terms of our incentive. Right I think the way the agreement is structured though it all will float if the investment goes down then our incentive goes down by the by the same percentage. That is our understanding on a sliding scale and so it isn't okay our incentive is if the investment goes down our incentive will go down by an equal percentage. Okay I didn't understand that from the agreement. That's the intent behind the agreement. Yeah well let me let me let me study it for a minute but if that is the intent then I mean if that's that's what happens then that's very reasonable. Right. And that's typically the way we do all of our agreements. Yeah maybe somebody from the administration can also be looking at this and help me because I didn't see it but of course I just may have missed it. Okay those those are my questions for now Mr. Mayor thank you. I can ask Councilwoman Johnson. Thank you Mr. Mayor. So that answers one of my questions which was that if there was 10% less investment would our incentive also would have my 10% so I'm glad to hear that that is the case. My my second concern was that in the in the memo in point three where it's being described the changes from a percentage to a fixed number of units that this allows the project to be scaled up without a corresponding city benefit being scaled up so for example under this this example that's listed here if you were to construct more commercial space then then we wouldn't 65% of that additional space wouldn't be required to be continuously occupied or if you were to construct additional parking that 50% of those additional spaces wouldn't be available for the public and so my question is are you intending to to scale up the development or is this just a technical change? It's more of a technical change as you move to permanent financing off again a conceptual a conceptual plan we one thing in order to get this project finances we have to put actual numbers to it our intent is to open the project on nights and weekends we've agreed we've agreed in this agreement for 50 percent however more than 50 percent of that will likely be open as we are big proponents of providing more parking in downtown Durham however as we move from conceptual to reality and again as we try to get permanent financing on this we have to take numbers that are out of the conceptual into the actual and that is the purpose of the amendment to this agreement. I recognize councilman Reese for the questions by members of the council recognize councilman Moffitt. Yes sir I'm sorry do you um are there people signed up to speak? Okay I just had a couple of comments um Mr. Baker the the section of the agreement that councilmember Schul was speaking to about the parking parking section 343 3.4.3 is the one that I think is going to need some revision to reflect what we heard tonight. There are two two sections in the agreement that conflict with each other. State does again 3.4.3 3.4.3 yes that's the one that gives the um applicant the right to designate 410 spaces for the uses of whoever they want to use them and if there were less than 820 spaces that would cut into that. The other thing is on the previous I've been sitting here looking back and forth as I'm listening to the conversation previously when we heard this in September last year there was a map that showed the open space on it and I think councilmember Schul that's what you're speaking of and I wondered why that map wasn't provided tonight or whether the intention is to adhere to that map that was provided back in September. It is nothing's changed okay open spaces. And uh and I'm also with councilmember Schul I've been looking for where in here it says that our our payments are reduced based on how much they invest so if someone could find that point that out to us I would appreciate that. Thank you. Other other questions to question us councilmember? Thank you. I had a question about how the council or how our staff has reviewed these TISER proposals in the past with an eye to the percentage of incremental tax value that we're willing to to give to a developer in an incentive. I pulled the pro forma financial that was put together for this original incentive agreement back in September of last year and it looked to me that the percentage of incremental tax value that the city agreed at that time to provide to this developer as an incentive to get the project underway was about 70 percent does that sound about right to you? Yes. Is that higher or lower than we have done in the past I haven't made the practice to go back through and look at all of the projects we've done within a certain period of time I just don't know how to judge that percentage as opposed to any other project that we've incentivized. I don't have access to that information off the top of my head would have to go back and review that. Councilmember Reese I don't have the exact numbers off the top of my head I can tell you in my experience it has varied. Typically 80 percent has been a number that we've tried to stay under although I think there's been some situations for some some major project we might even gone over a hundred percent not you know not obviously for you know a specified period of time but every every deal the staff looks at whether or not the money is required based on a lot of factors what are the costs what are the rates of return this deal is a little bit different because Durham County was involved as well as had had an incentive which doesn't always happen and then the other kind of more intrinsic situations that that happen in terms of moving that percentages is this an incentive that's going to be a catalyst for something else I can tell you in this particular case you know this clearly was a project that was probably on the high side of where we wanted to be but was seen to be a catalyst for really you know setting the mark for this Durham invention you know invention district and was very important other cases where we've had say the Chesterfield building or the 21c building you know where that was a little bit different situation we were trying to get a big empty building that had been empty for a long time you know to to be redeveloped I think in the Chesterfield case you might even have been at 80 percent so it it there's not a there's not a hard and fast rule of thumb again in this case I think it was as much the the really getting the the district off the ground that was was the high priority and as Jessica knows and developers know that as phase 2s and 3s and 4s of this project assuming they come forth I would expect we would have a different conversation about the level of incentives that would come forward that work I think I've been here long anyone that's counsel with exception of the mayor pro tem I've been involved in an area incentive deal that this council has done starting with the american tobacco corporation and all of my unique you know we've I personally tried to usually rule rule of thumb no more than 70 percent because we always want to have money left over to pay for police protection all the other stuff that comes along with it so you don't give the whole wax away but by the same time but I think you look at what does it bring at the time and what else are we looking for so you know why there there's no hard and fast rule I think the council has to look at each individual project differently and decide if in fact this is what you want to do for this project and what are the other things that it brings to it pretty much what the manager said but like I've been here I've seen it and I know the thought process that the councils have gone through since I've been here when they give incentives for different projects I like to have a hard and fast rule but you know all depends on what you what else you're trying to accomplish with that particular project and what else it brings to to the community a potential to bring to the community recognize councilman sure thank you mr. mayor so I support I supported this project when we did it and I support it now I do think though that we ought to hold a public hearing open for the following couple reasons I've looked at the contract again at cursorly I read it earlier today and you know I certainly could have missed it but I didn't see anything that talked about a reduction in our incentive relative to any reduction in the investment amount and I don't know if the city attorney has been able to find that either so so that seems like I wouldn't want to support this without that change and I understand that that is your intention as well mr. and then the other thing I do think that the the parking the way it reads to me now is that well as I said originally which I think is problematic I think that if there's a reduction in parking spaces that should be equally shared and or but or the city should have 410 if there's a reduction I wouldn't mind you know some sort of equal sharing and you can talk to the administration I don't think our attention our intention is to reduce it at all so the clarifying points need to be that we need to reduce the incentives proportionally if the actual gmp comes in less then that is something that we're agreeable to and then we also are agreeable to fixing the parking at 410 no matter okay right fluctuates or not thank you and then maybe some more specificity on that parcel that openspace parcel we can reattach the map that has where okay and then my other comments were that I really am glad that we now have the patrick the included the section on the the contract of workers which is a good improvement in our incentive in our incentive structure agreements and appreciate that and that's a I think that's that's significant and hope that you know of course we all hope that we don't have those situations and I had more comment too oh yeah just to mention also to you all reginald that you know we had the recent audit that some of our incentive recipients had not been doing a good job of reporting their employment numbers and that germans department brought to us and I just wanted to emphasize with this this incentive that we need to have really good oversight with this project and all of our incentive projects in terms of holding the developers to their agreements in terms of our employment and I just hope that you'll pass that on to the department yes thank you thank you mr. mayor and if I wouldn't mind at this point if you're ready mr. mayor to move to continue this or to keep it up recognize the mayor pro tem I'd like to ask patrick if can we close the public hearing tonight and then instruct staff to make the changes in the agreement and can you do that by Thursday so we can dispose of this because there are some financial considerations that the developer has to meet never been asked that close the public hearing we've typically just just continue the public hearing but I understand you're here your question I know typical yeah I you know I I think that you can close it if you anybody else here who wanted to speak on it you know just in terms of just having some business sense and respect for it I would offer a different approach that we close the public hearing instruct staff you to have the agreement ready by Thursday so we can dispose of it at that time because it's not a lot a whole lot that you have to do is it um in terms of what I you know I've written down the three things that have been addressed I'll I'll meet well Fred and I will meet with you tomorrow to make sure that we've got clarity of it we'll reach out to your folks as well to make sure everyone's on the same page I don't know that there's it based on everything that I've heard I don't know why we couldn't have something to you on Thursday to consider yeah we need to dispose of whatever we can in this cycle because we have a lot of things let's do this because I I want to respect those who raised the questions and also respect the issue that the developer has the people have raised a question the colleagues do you have a problem with that I'm speaking specifically to Steve since he's raised those questions so I wouldn't be able to vote in favor no matter when we did it of anything that didn't have these corrections well yeah that's what I saw you know that I just want to make that clear in terms of closing the public hearing I don't have a problem with it that I can think of as long as we're you know we get these corrections made so what about councilman Moffitt since you raised the question yeah I don't have a problem I do not have a problem voting on it on Thursday I would like to make sure I hear the three items repeated just to make sure that we have them all in if we're gonna press this forward so I didn't write these for for repeating but I said 10% less investment equals 10% less city and incentive so there would be a scale a percentage ratio clarify the parking spaces to be fixed at 410 in the section that you you raised councilman Moffitt 3.4.3 and to specify the open space for the three areas that I thank you mr. Baker at that I and yeah I've been scanning back and forth through it not only did I not find anything in here about a 10% reduction in our investment I couldn't find anything regarding the capital investment required of the applicant now that it may be in here I'm just missing it but if you would just ensure that that is also included Mr. Mayor, can I ask councilman Rees thank you I maybe I'm the only one here that doesn't understand so I'm going to ask the question why are we departing so radically from our normal procedures in this instance I'm sorry why are we proposing to to depart from our normal procedures in such a radical manner I again I understand people don't have a problem with it I get that but I'd like to know what the what the problem is I don't understand so I think what we're trying to do is to get questions that have been raised answered to satisfy those who raise the questions to respect the timetable that the developer is on and the fact that you don't have anyone here that wants to speak on this item from the public now you might say if you hold it open people will come in that's always the case but assuming you don't have that type of an issue simply trying to get the questions answered respect the developer and make a decision Thursday and it might turn out that Thursday that you still might not have enough votes to pass it if it is that's what it is I guess the there's been a couple of oblique references to the developer's timetable and I didn't know that I missed part of the memo was that communicated to others I don't know what that means so it's been announced we have a lead tenant we're in the we have the ability to build both buildings at the same time and the parking deck however we have to close our financing which is contingent upon this agreement so we've been working at this the city manager and I don't know for three or four months and so continuing it just will further delay the project which ultimately will put the lead tenant in jeopardy I have to hit a timetable with them and so if I'm not able to do that then they will not be enough you might have wanted to lead with that okay nobody likes too much pressure right and John I didn't have any more information you did I just sense that that was a developer issue so you heard just I heard the same time you heard for the first time I can let me say it that way yes if you don't mind I move Mr. Mayor that we close the public hearing and ask the city attorney to clarify in the contract agreement the items that were posed this evening is that enough by Thursday do I need what's the date October the 23rd October 20th for one o'clock any other specificity I got it is there a second to that motion okay it's been proper moving second Madam clerk we open the vote close the vote it passes seven it's zero thank you thank you we move back to the items that have been pulled item seven their proton pulled out items resolution in support of the Equal Rights Amendment and so ladies would you introduce yourself because I'm too excited to introduce you Gloria de los Santos Action NC statewide director of state with women and families campaign here in north Carolina hi I'm marina growl I'm a Durham resident I am the chair of NC for ERA and the co-chair of ERNC state alliance I am also a Durham resident that adds to the excitement and this is the resolution resolution in support of the Equal Rights Amendment whereas the city of Durham forthrightly supports equal rights for the citizens of Durham and women constitute over 53 percent of the citizenry of Durham that's power I'm sorry I didn't mean to say whereas mayor William v bill bell witnessed in the women's equality day proclamation for august 26 2016 that women play a critical role in families the workplace and in society as a whole contributing to our economy and advancing our nation and whereas women continue to confront a lack of political parity workplace discrimination healthcare inequities disparate rates of poverty rate and rape and domestic violence assaults and whereas the U.S. Constitution does not explicitly guarantee that all rights that it protects are held equally by all citizens without regard to sex and whereas the 14th amendment's equal protection clause has never been interpreted to guarantee equal rights for women in the same way the ERA would by situating sex as a suspect category invoking strict judicial scrutiny just as race national origin and religion do and whereas state laws are not uniform and federal laws are not comprehensive additionally these laws can be repealed or reduced and whereas the amendment would help correct systemic sex discrimination and whereas the ERA was passed by Congress in 1972 and ratified by 35 of the 38 states necessary to put it into the Constitution yet was assumed to have expired in 1982 and whereas Congress can alter time limits in the proposing causes of amendments and the deadline for ERA appeared only in the preamble and not in the actual legislation and whereas Senator Floyd R. B. McKissick Jr. and Representative Carla Cunningham introduced ERA ratification bills in the North Carolina General Assembly in 2015 long session with Senator Mike Woodard cosponsoring the Senate bill and Representative Michelle cosponsoring the House bill and our legislators will introduce like bills in 2017 and whereas U.S. representatives G.K. Butterfield David Price and Alma Adams cosponsored bills in the 114 Congress to pass an ERA and to lift the time limits on the states for ratifying the ERA therefore be it resolved that the city of Durham calls on Congress to pass into law a bill to pass an ERA and remove the time limit for ratification of the ERA so that ratification shall be achieved upon the affirmative votes of 38 states of which 35 have already been ratified and be it found and resolved that the city of Durham calls on the North Carolina General Assembly to pass into law a bill to ratify the ERA to the U.S. Constitution as proposed by Congress on March 22nd 1972 and latest let me just add I am a member of women in municipal government on the state and national level and I will be taking this car this resolution with me to their meetings one is in this month and the other is in March thank you so much for being a part of this momentous occasion thank you I appreciate her yielding and letting me talk for just a moment I want to reiterate the gratitude that we feel especially when we're talking about women's civil rights to be recognized in this kind of a forum it's critically relevant right now we've actually been shocked into a national conversation about sexual discrimination so the act that you're taking tonight is historic this is the first municipality to re-engage with the Equal Rights Amendment since the 70s and the 80s you're actually witnessing to not just Durham but to this entire state and our country that yes women's civil rights are important so thank you so much thank you so much entertaining emotion on the item so moved second it's been proper to move the second madam clerk will you open the vote close the vote she passes seven to zero thank you we moved item 13 construction manager at risk guarantee maximum price amendments for balance of trades with Lee Chase construction services for the police the court headquarters complex and cip ordinance amendment recognize councilwoman johnson thank you mr mayor i don't have any additional comments on this item i just wanted to vote on it separate from the consent agenda it's been proper to move the second madam clerk will you open the vote you close the vote it passes six to one with councilmember johnson voting no let me ask are there any other items to come before the council at this time if not the council will adjourn at 8 0 8 p.m thank you


Hello there everyone and welcome this is Melissa Arma with the Stock Swoosh and I'm going to review one week of options. This was the week expiring September 22nd on the GAP Options newsletter. Now the GAP Options newsletter is a subscription service. It is a service where I have no prerequisites. So if you want to sign up, you do not have to have taken any of my classes. It is only options calls. So you will get the newsletter directly to your inbox. We are buying calls and selling them and buying puts and selling them. So the only trades that you're going to get on this is trades that are options. And again, I'm calling the options for you. I'm doing the GAP ratings. This is not something where you're going to learn how I do it. So if you want to learn how I make the picks on the newsletter, you would have to take the golden gap course. There are, I'd say half the people in the newsletter have never taken the class and then half of them have. So it's pretty much split up down the middle. It's been that way really since I've started. So some people have no interest in learning and they just want to get the trades and they trade and they've been with me for years trading options. And some people do want to learn. They do want to know how to do it. And of course, I think that's the best thing because you want to know I'm making the picks so you can trade better and do it for yourself. And you will have a higher level of conviction again if you know what to do. Like today, you would say, oh, or yesterday when we did BA, we did the BA puts, you say, oh, I know this is good. And you rate it, you get the same thing as me. And then I call the trade and then you do it. So I think learning helps. But this was a particularly good week during the week of September. This is an advanced trader risk that I'm going to review. I will do a video for beginner traders. I've obviously been doing this a long time. So my risk is higher than someone that is new. I have an advanced risk. You can risk what works for you for your cash. And that is, in fact, what you need to do. This was really one of the best weeks that we had in the last month. The opportunity was there and we played it. I'm going to try to make the time to do more videos like this with more weeks of showing the trades so you can see what you get on the newsletter. Again, there are weeks that we are super duper busy. There are weeks we've been busier than this. This just happened to be a particularly good week because we had very large moves in the market and we were doing market trades. And interestingly enough, this was not earning season. Typically the biggest time and the best time to trade is earning season, which started today. So even though this was a huge week, we could have a bigger week than this this month in October, which would be great, actually. So we fingers crossed and we will see if everything aligns beautifully. But let's get to the week. So this was a week of the 22nd expiration Friday. They did the Friday expirations. Win ratio was 93%. And again, average return investment, this included the loser, was 231%. Advanced trader risk per train for me is around 8,000.  You could have made $283,925 in one week, which is fantastic. Obviously you have to have the money to take all the trains and be in them all at once. So this is me. If you have any questions, you can email me at Melissa, thestockswish.com. You can call me at 929-3200-Gatt. You can also follow me on Twitter, Facebook, YouTube, or Skype. So for me, it's all about making money. You know me, you know that. I'm very motivated to make money, which is one of the reasons I created my system in the first place. I did it for myself, never to teach anybody else. And then it evolved into that, just like then it evolved into me appearing on television. So things evolve in life and you never know where this could lead. You could start trading. You could take my class. You could do options with me and then all of a sudden you're doing something you never even imagined before yourself. That could go above and beyond trading even while you're trading. So you never know what opportunities exist. You have to try. You have to get to the next level. You have to do something if you want to change your financial circumstances. And trading really does offer unlimited potential if you know what to do. This is a great week and a great example. And again, I'm going to do a video on the beginner risk in a separate, a separate segment. But people always say, well, you need this much money to trade. No, you don't. You can take a small risk. You can trade options with one contract and still build a small account into a larger account. So we had 15 trades this week. It wasn't a slow week, but we've had busier weeks. One loser, zero break even, 14 winners and the win ratio is 93%. Again, this was the week that ended and expired in the 22nd. So again, solid week, good week. Everything I do is based on my golden gap rating system. It's the 26 points. That's how I'm making these picks. That's how I'm getting these kinds of results. When you have big weeks like this, it helps for the weeks where you have losing trades or even a losing week. So there are trades that I take that lose. So you have to know that when you choose your risk, there will be trades that do not work and you take that risk accordingly. But luckily we have way more winners and losers and then we do have some huge weeks like this week and huge winners. And so that is how you can really pull ahead in a big, big way.  But the process I do in the morning as I get up in the pre-market, I rate the gap using the golden gap course checklist. It's the 26 points. This is what you've come and learned in my class. It's a paid class that I do once a month. There's only three more classes this year. Price of the class is $69.99 and everyone pays the same. Again, the options newsletter is something that you can sign up. It's a subscription service that gets emailed to you in a lifetime where you take the trade, targets are on the letter and you will manage it yourself, choose your risk and determine your exits. Even though I have targets in the letter, some people just set it and set it to sell the trade at 50% or 100% if they can't watch the targets. So again, this is 922 expiration. Wednesday the 13th, in the pre-market, you see when this letter went out, 916 in the morning, I called this 5445. That expired the following Friday. So I gave it that cushion of time. This was a nice call. I saw the market was gonna continue lower, again, rating the gap and then I sent out this trade. So 913, so again, it's not as a bug. You see what this is, I called the 445. Now I wanna point out the trade was upside down on the 14. Then it fell, gap down here on the 15th and then here's the move. So one of the things I tell people is do not risk more that you can afford to lose so that you can let each trade play out. Some people kill the trades at the down 50%. I do not. I will ride it out till it works if it goes bust into the expiration that I'm losing in the trade or I saved what I can the last day. So this is a prime example of again, something extremely professional that I'm able to do, which is see that somebody's gonna drop off even with the rally that we had the day after, held the trade, believed it and held the conviction. And again, this is where understanding what to do really, really, really counts. And then of course we had this reversal. This was back the Fed day. We were up here and we were falling but again, this was already a nice, nice trade. You could have even held this into the last day. But when somebody's up this much, it's one of these things where you do have to book profits. Occasionally I will hold something in the last day. Occasionally. But you could have made more holding this the last day. Cost was $3, which was reasonable. Remember the spy now is over $400 a share. It's not cheap. 25 of the contracts was a risk of 7,500, sold at 13. Again, profit $25,000 for one train you would have had to take it on the 13th, hold it through the rally from the 14th, get the drop, then the flush and then exit on the 21st but you could have got out before this. You could have held it into the last day. Again, you could not have screwed this trade up unless you killed it on the 14th. But why would you do that when you have a week and a half to go is my point. That's why people just don't, they don't understand enough what to do.  So I know what I'm doing here. And that's one of the reasons why I'm so successful but the class really helps you. Anyways, return and investment, 333%. Again, we're trading momentum. A put is a short. So again, here's the momentum to the downside. This is selling. This is selling pressure. The bears were in control here. Okay. And that week that was, that week and a half that was September. Then we did the Apple puts, the 175s. Again, I call this a little bit after the open. Usually calling trades in the morning. Same day, the 13, let's find it here. This was a little wily. Again, he got the drop. Then you had to push back here. Then the drop. This was the one that I lost in. Again, it just seemed to be in a range bound. Class was $2.30, contract was 35. You were actually up the first day but I wasn't up enough. I didn't feel like to get out. Again, risk 8,050, sold at 80 cents. It lost. Not 100% lost, but it just lost. And again, this is one of these things where you give it a chance to go. Could have gone, could have gone to 172. Could have gone to 170. Could have gone to the numbers I wanted it to. Market went, why didn't this go? Who knows. Sometimes trades don't work and there isn't any reason. And again, once you understand that, you're gonna be a lot better off too. Again, you have to play in the odds. I'm playing the odds. That's why I have the 26 points. The points are putting the odds in my favor so that I can take more winning trades than losing trades. There's no 100% in anything.  Even this week, an outstanding week, this lost. You can see why it lost. It just, it never got the traction. It never really sold off. It never got the momentum. I wouldn't have gone long this. You wouldn't have made anybody going long this either. It just, it was a nothing burger, basically. Then we did the 372 puts again the same day. This was 10, 15. That's not late. That's still early enough. 372 puts in the QQQs. Again, another beautiful sell-off.  Again, reversed. The following day, gap down here, fell off a cliff. Boom. This is another one that continued lower. 350, again, very reasonable price. We could have done one contract and risk $350 and could have made almost 300%. Returning this one was 286%. Again, buying into 350. Then selling the price of the option at $1350. I pick a number. I put it out there. I leave it. I watch it. I have the targets. Again, the targets are on the letter. But if you are busy during the day and cannot watch trades, put a number out there. If it hits, it's a limit order. It's a day order. It'll cancel if it doesn't hit by four. Or you watch it. So I can watch things. Profits $25,000 on this particular one with an 8750 risk. Again, you could risk more. You could have risked less. But the momentum is, it was the reason that this went so big. And I just wanna show you, this was the 21st. So again, the 372s. You see here where this was around 357 and change. So not quite $20 through the strike. About 15 or so. And when you look at it, you're like, and again, this was down. And then boom. That's one of the reasons people get upset about this market.  And then it flipped around. Or people say the same thing about shorting. You have to know what you're doing. I had 100% convention. This would go. You take the train, you take the risk, you play it out. Can't make money like this unless you're willing to take risks, that's for sure. But you do have to know what you're doing. Or follow someone like me that knows what they're doing. This was another nice one, Netflix. We did the 400 puts. This is another put. Again, set it out. But this was the second day. This was the 14th at 10 a.m. in the morning. So let's look at this one. And I thought it was late in this. I was not late in this. I'm glad that we did it. It was a beautiful drop. Again, selling momentum.  You take the trade, you let it drop. It's exactly what happened here. It was beautiful. Wasn't cheap though. Cost was $6, 15 contracts was a risk of 9,000. Again, for a higher risk, you did the best you can. This is not exact science. If your risk is 1,000, then you should be risking five. Sold at $16 profit, 15,000. Returning investment for the Netflix was 167%. I forget where this was the last day, but it was a great trade. And again, I even was questioning if I was late in this. I'm glad I did it. I was like, oh, I should have done this earlier, but it was still 10 a.m. And then the momentum came in. So many people are afraid of playing momentum. So many people are afraid of playing momentum and they're afraid of doing trades late. I'm so strict with myself, but I tend to be early actually, just like with that market trade. Like I will be early, then be down, and then it goes huge in my favor. That's me. I can see so far in advance sometimes where something's gonna go. So I tend to be early, but that when I was a little, I was about a half an hour late. Adobe, this worked. It was a positive trade. It did not go as big as I wanted. Why? Who knows? This was, in fact, I haven't looked at this since. Friday the 15th at 9.12, send it out in the pre-market, which is when I send most of the trades in the morning. Strike was 5.30. Again, very expensive stock to trade. Better to do it as an option. And here's what this did. Again, this did not work out the way that I thought even though it worked. This was earnings. Stock close here, gap down. Again, we did the 5.30s. It just sat in its butt, rallying here, then finally got the drop and got the flush. And again, why? That was stuck, I don't know. I thought it would go bigger than that. Anyways, cost was $7. Contracts was $10,000, $7,000 risk. Sold at 15, that's a good trade. Bing, bam, boom, in and out. You could just put it at 100%, whatever you pay for it. And if it fills, it fills. Again, that trade reversing was down before it went. And my expectation of this was it was gonna go way bigger, which it would have. Actually, if it had fallen more the first day, I would have got in and got out of it if it got down to 5.20 on the 15th. It just didn't for whatever reason. But it was a good trade and it worked. Then we also did on Friday, right after the open. New, which was a nice one. 160 puts again. Beautiful move in the new. Stock closed here, gap down, dropped, fell off a cliff.  Again, time of the day here was right after the open. So you get the trade, you take it.  Again, I rated the gap in new. It rated to shorted. It was a gap down. 35 contracts for 87.50, sold at 5.25. You can, again, you can watch it, watch for the targets rolling out into the close, or you could have put in a sell order at 5. Profit was $9,625, 110% return on investment. And that is in one day. So you would take it in one day and get it out in one day. Okay. So again, another put. We did Navinia. This was one 1049 I sent this, 915. We did the 445s. So let's find this here. Again, here we are. So this closed here, and then, well actually no, let's go back here. Here's the 14th. Here's the 15th. Then it fell. Then it gap down here. Then it fell, and you would want to be out somewhere in here while this is falling. So that was on the 18th. This was not cheap either. It could have been more expensive. $8.50, 10 contracts, 8,500. Risk, again, an advanced trader risk. Sold at 22 profit was $13,500 and 159% return investment. I wouldn't say this was a fast trade, but again, going back to this, you could have added this on Friday if you wanted to. I forget what it was up Friday, but you could have. But the biggest play was to get the follow-through and the gap down here. Again, one of the benefits of doing options is you can trade and hold overnight with a fixed risk. So if this trade had lost, the most I would have lost was what, $8,500. So sometimes it's worth holding something. I thought this had more drag on it. I thought we had the market in our favor. And again, it was pricey. We have plenty of time left. Again, but that actually continued. I'm just looking at this here. This continued here in the 21st. Looks like that broke 410. So that was a way, way, way bigger trade actually if you held it. But, you know, you're gonna have to make a decision for yourself when you're doing something and you get something that falls, drops, hits a target. You know, I'm watching for the chart targets. So in this case here, 430 was a target. It had gone through that in the gap. I'm talking about on the Monday. So, you know, you're not gonna get the highest price exit in an option to exit all the time. Although sometimes I do or close to it, but you shouldn't get the worst either. So again, the idea is not to have a beautiful trade like this and then let it retrace against you. That would be terrible. You can't be up by more than 100% and then lose that trade. So you gotta start watching once it starts to get a move. And again, if it has a follow through, follow through in the gap, then you will be watching to get out that particular day or you could get out of half. Now, I also like to do multiple strikes as something is going, whether it's up or down. We did that in the spy and the cues. We did the 440 tea spies expired on, this is all the 22nd and did this one on the Friday. Again, it's kind of late, kind of late, but I did it. Let's see where we hear the 15th. Oh yeah, here this was. So this close to your gap down fell and again, it was falling into it. It was falling into the number. So I did it above the strike here. Sometimes I do them at the money. Sometimes I do them above, but this was actually the biggest trade of the week. Why? Because it was so, so, so, so cheap. And the only reason I could think it was so cheap was because we did it here on Friday. We weren't at the strike on Friday. And we also did it early, considering when we did it, this wasn't here. So we did the 442s, like, I don't remember what price it was exactly, but it was like, we hadn't gone all the way down for the day. So we did it early enough in the day, 11 a.m., that it was far enough away from the strike that the price was so cheap. And that's one of the reasons it was such a big trade. So I could foresee that it was gonna continue and follow through and fall. I personally don't think four or $5 is far away from the strike, but I guess the pricing did. $1.25 for this was such a great price, though. And this is one of the reasons this was such a big trade. The cost of the price was cheap and we were in it early. Members said, I tend to get in things early, but you may have to wait for something to do what happened with the previous one where it reversed and then it dropped. That was not the case here, though. This went. So 70 contracts, 87.50 risks, sold at $10 profit was $61,250 in one trade and a 700% return on investment. And you could have held this into the last day, which is crazy, but you could have. Then on Monday, we did another strike in the spy. We did the 440s and I called this in the pre-market, 8.57 a.m. So now we're into the following week, the week of the expiration on the 18th. So we rallied here first, then we didn't drop till here, then we dropped here. You could have actually got out here. We came down to 440 on that day. Again, this was early to me. So I said we had plenty of time left. I knew we had the Fed, we were up, then we fell and then we got up down here and here's all the money, all the money in the world. So this was another one that was cheap because we did it early, $1.40 price, 60 contracts, risk was 8,400, sold at eight, profit was 39,600, return on investment 471%. These are trades we get. We don't get them every day. We don't get them every week, but we get them enough and we get them a lot. I tend to be early in trades. That is also one of the reasons why I'm successful and have such big winners. Again, that's why I tell people to hold stuff and don't risk more than you can afford to lose because if you have something that bounces back, you can hold it through. Again, I'm gonna do a video on beginner risk, but this type of move and all these ones this whole week, whether you did one, whether you did everyone, whether you did half these trades this week, can make your month and really make your whole quarter. We did the 425 NVIDIAs I called Monday, 944 NVIDIA. Oh yeah, that was here. So again, I remember this one, so this was here and then it pushed back and then it was down. Okay, this is the 18 and then it fell. See that? But that worked too. This didn't work as big as I thought. Again, because of what it did. Cost was $7, 12 contracts, risk of $8,400, sold at 1475. Again, you could just, if you don't wanna watch it, then you put a sell order at 14. You pay seven, put a sell order at 14, make a hundred percent. Profit $9,300 again, exit on the 21st day before. 370 Qs, this was late. I saw on Monday, three o'clock, that we were gonna follow through. I called a late trade. I rarely call afternoon trades, but I did. The 370s, again, this is Monday or was Monday.  Profit $31,150 and a return on investment at 342%. You would have had to be in it through this bump, okay, which was over 370 for the one day when we were up on the Wednesday. This was the Monday. You take a trade, you take risk. You're taking risk for a reason because you wanna get paid. Then I also called the Netflix 390s. Again, was it late, was it too late? Nope, nope it wasn't. So this was here. And this may not look like much of anything at all, but it fell close to your gap down. I knew it was lower. Here's the drop. Again, nice little one, $3.80, 20 contracts, risk was 7,600, sold at seven, good enough. In fact, I think this was up more the last day, but I get out of it the Thursday. 6,400 profit, 84% return on investment in Netflix. Then we did right before the open Tuesday the 19th at 325 Microsoft puts. This was going, this was selling, this was the 19th, closed here, gap down, push back, then fell off a cliff. This was a strange bar though that day. That was just a weird one that day. But again, it fell through and gap down here and dropped in the morning on the 21st. $2.25 for the Microsoft, 40 contracts was $9,000 risk, sold at 550 again on the 21st profit, 13,000, return on investment 144%. Again, that day of the 21st, it was a weird bar because it closed kind of like a little guy here, but it was a good trade. It went, it worked, it sold off, it gap down, it did everything it was supposed to do. And then Oracle was a good one. Oracle has been good. 926 on Tuesday the 19th before the open, we did the 112 oracles.  Again, Oracle was earnings. So again, you do it, you get in, get out. You do it, you get in, get out.  Again, if you held it, you had the pushback. If you got out of it, that was fine too. You also could have day traded this. Okay, so this was a good gap. You could have day traded it as well. It was super duper, super duper, super duper cheap, in my opinion, 90 cents. That's cheap. These are good ones to practice with, like you could, if you wanted to 10 contracts and risk $900, risk was 8190 contracts. This is plenty of volume. You only do things with volume. Sold to 225 profit, $12,150. Return of investment, 150%. Nice move there in the Oracle. Did the QQQs strike 365 on Tuesday? Still morning, 1042 a little bit late. But again, I saw it was dropping. I saw we were going. This was the 19th. Oh yeah, here. So this close to your gap down, we started to sell off. I called the trade, it was about quarter of 11. Then it reversed into the close, then it gapped up. Then the trade was down, then it fell, then it gapped down, and then it went. And so you see here, this fell on Wednesday into through the strike, which was 365, then gapped down here on the next day and fell and fell through 360. And that's all the profit, that's all the money. That's the beautiful, beautiful profit and this was cheap too, $1.75. 40 contracts with a $7,000 risk sold at 680, profit $20,200 for a 289% return investment. Again, you're in the trade a couple of days. You were taking this trade on Tuesday and exiting this trade on Thursday. And where are you gonna get a move like that in basically three days? With a 300% almost return on investment. I don't know if we're gonna see puts this cheap for the rest of the year actually. Now that I'm looking at some of these from a couple of weeks ago, these were so cheap. Anyways, it was a good week and your risk should depend on the size of your account.  But if you wanna learn, you can learn in the class. So the next class is called the Golden Gap course which is October 21st and 22nd, 9 a.m. to 5 p.m. Eastern time. It's a class on how to find, pick and play professional bearish gaps. Class tuition is $69.99, class is online and you can be anywhere in the world and take it. The trends course is on the 24th, 11 to three. That's a half day class. You will learn how to find, pick and play professional bearish gaps in the Golden Gap course class tuition for the combo is $74.99. So this is well worth it because for $500 more you get the combo and you get the trends class. Now if you just wanna do the newsletter, the newsletter, go to my website, www.thestockswitch.com. You can look for the newsletter. Six month subscription is $49.99 and 12 month subscription is $69.99. And just to go back here for this particular week, just a review and we got through everything here. Apple was the loser and the rest were the winners. And again, this was the week of the 22nd and I am always doing the weeklies. So 93% win ratio, 14 winners, one loser. Again, Apple was the loser. If you have questions about your risk, you can ask me. Options are something you can do with a cash account. You do not need a margin account to do options but you can have it set up as a margin account if you want. The options newsletter is where I do the options. The day trading room is day trades. The trading room, the live trading room is not an option room. It's day trades where you have to have a margin account. Or if you wanna do my day trades as options, you can. But if you wanna get my options calls, you would sign up for this newsletter. And again, you can email me at Melissathestockswitch.com if you'd like more information or if you wanna sign up for the Golden Gap class for October or the newsletter, which you can sign up at any time with no prerequisites. And I wouldn't waste any time because it is earnings season and we had even a good day today. Thanks everybody. Have a great day.


Hello everyone, I am Swathi Ghadge, Assistant Professor, Department of Civil Engineering, Walsh and Institute of Technology, Solapur. Topic for today's session is work energy method. Learning outcome of this session is, at the end of this session, learner will be able to determine work done or energy, work energy principle, initial velocity, final velocity, displacement, acceleration and time. In this session, the numerical on initial velocity, final velocity or displacement and acceleration not covered, but by using the work energy principle, student can determine this other parameter. First, see what is work done? Work done is the product of force and the distance, more in a direction of the force. For example, at point A, the several forces are acting P1, P2, P3, P4. As a result, A displays from its old position to the new position A dash by the distance. So, we will see one by one, what is the work done by force P1, what is the work done by force P2. P1, P1 you can see here, P1 is in the horizontal direction and it is in the direction of displacement. So, for the P1 force, displacement is P1 into S. Now, see the P2 force. P2 force is not in x direction, it is inclined, let us say it is inclined at angle theta with horizontal. So, for the P2, horizontal component is P2 cos theta and vertical component will be P2 sin theta. So, P2 sin theta will not contribute in a work done and P2 cos theta will contribute because it is in the direction of displacement. So, for the P2, work done by force P2 is P2 cos theta into S. Now, see for the P3 force, P3 force is not in x direction or not even its component is in x direction. So, P3, it is not at all contribute in the displacement. So, for the P3, work done is 0. Now, see P4, P4 is in x direction, but exactly in opposite direction. So, the work done by force P4 is minus P4 into S. Now, see by energy. What is energy? It is the capacity to do work. It may be classified into potential energy and kinetic energy. Potential energy is the capacity to do work due to position of the body. So, suppose the body of weight is W held at a height h, position potential energy W into h. So, this is W into h is the potential energy and kinetic energy, it is the capacity to do work due to the motion of a body. Now, see diagrammatically how the body will possess a kinetic energy. So, on the surface there is a block or there is a body of weight W and it is moving in a, suppose it is in a motion and suddenly the brake apply. So, obviously brake apply will be in opposite direction, but still it will move with some initial velocity, let it be U and as the force is acting in opposite direction of motion. So, acceleration will act in a direction of force that is in the opposite direction of motion. Even after applying a brake, the body will still move for some distance, let the distance will be S. So, that will be the final position of the W. So, here let us understand first, here there is a body of weight W, it is in motion. So, there is some energy store in that body, suddenly it is suddenly the brake apply in the opposite direction of motion, but still the body will cover some distance with the initial velocity U. So, in the direction of force acceleration will develop and after some time the body will stop, after covering some distance the body will stop. So, let us at that point the velocity will become 0. So, when the brake apply at that point the initial velocity will be U and when the body will stop that point velocity will be final velocity will be 0. Then according to D'Alembert's, apply a force that is called as the inertia force M A is exactly opposite in the direction of motion. So, body is moved from its old position to the new position, so this is the direction of motion, in the opposite direction of motion apply a force M A. Now, we can apply a equilibrium condition that is called as the dynamic equilibrium condition for this body. So, here two forces are acting, so according to the equilibrium condition that two forces must be equal. So, F is equal to minus W by G into A. So, by using linear motion equation find out A, so we have final velocity is 0, initial velocity U put in a linear motion equation V square minus U square is equal to twice AS, V is 0 and find out A. So, A is equal to we will get A minus U square upon 2S. So, that calculated A put in a equation 1, so we will get F is equal to W U square upon twice GS. So, this is the force acting when we apply a brake. So, the work done is force into distance. So, force into distance, so that S will multiply by force. So, the remaining term is the work done that is W U square upon 2G. So, like this W U square upon 2G it is the work done. Now, see you just compare that formula with the kinetic energy formula half MV square. Kinetic energy formula is half MV square, so it is similar to the kinetic energy. So, we can say that work done is nothing but the kinetic energy. So, here kinetic energy is half W by G is the MV square. Now, you pause the video here, we discussed earlier work done and the energy. Now, you answer the question what is the unit of work done or energy? Your options are Newton into meter, joule, Newton into mm and all of this. The correct answer is all of this because work done formula is force into distance. So, Newton it is the unit of force and meter is the unit of distance. Same here third for third option Newton and mm are the distance of force and distance and the joule it is the relation of Newton meter and joule is 1 Newton meter is equal to 1 joule. So, joule it is also a unit of work done or the energy. So, correct option is all of this. Now, we will derive your work energy equation. So, for that for the explanation purpose let us consider particle A and the several forces are acting on this particle including its self-fed. So, self-fed of this particle is W acting vertically downward P1, P2, P3 and P4 some forces randomly acting on that body. Now, as a result A move from its old position to the new position let it be A dash. So, it is move in the horizontal direction it means that resultant force acting a horizontal direction by distance S. So, here resultant is we can say that summation of f x because A move in the x direction. So, resultant will be the summation of horizontal forces or summation of forces along the x axis. Here weight it is the body having the weight W. So, R is equal to ma. Now, multiply both side by ds, so R into ds is equal to W by g into A into ds as we know that dv by dt is acceleration. Now, it can be written as A is equal to dv by ds into ds by dt also. So, A is equal to v into dv by ds. Now, you put that calculated A in this previous equation we will get R into ds is equal to W by g v into dv. So, our derive equation is R into ds W by g v into dv. Now, you integrate both side for the motion from A to A dash because body move from A to A dash, it is the work done. So, we will integrate it. So, R into ds integration lower limit is 0 and because initially distance 0 and finally distance is s. Now, here W by g v into dv, so we will we are integrating it. So, for we know that initial velocity is u and final velocity is v and integration of R ds is R s, W by g is the constant term outside of the integration and v dv integration of v dv is v square upon 2. So, its upper limit is v and lower limit is u. So, after putting upper limit and lower limit will get R s is equal to W by g v square minus u square. So, R s is equal to half W by g in bracket v square minus u square, it is the work energy equation. Now, here there is a velocity in the form of v square minus u square. So, we know that final kinetic energy is half W by g v square and initial kinetic energy is half W by g u square. So, work energy principle is final kinetic energy minus initial kinetic energy. So, you remember the equation highlighted in a red color, this is the work energy equation R s is equal to half W by g v square minus u square. These are my references, thank you very much.


I'm from Los Angeles. I asked a couple of petcoes. All they offered me was a little parakeet. But I have a three-year-old kid. Cock-a-feel. Yeah, it was pretty much what I'm looking for. I'm looking for a pet for him, right? I feel like I get a smaller one though. I feel like my child's kind of rough. Cock-a-feel. Something that, yeah. I don't have any. Can you tell us what they look like? I know where they're kind of pricing. I won't say more than $2,000. That's like including the change in it and all that. Do you have any birds that you could raise today? Okay. Three that I hear. I kind of lost my way. Other than that, you could look up an address for me. He's like right around the corner by... You what? I lost my way. I'm not from around here? Good. Other than that, you could look up an address for me. I don't have a phone. Oh, man. What address? I don't even know about it. I have never heard of it. It's, you know... Who's right from here? Dancer. Dancer. I don't know where it is. Can you point me to Dancer? One last time. Can you point me to Dancer? One last time.


I honestly can't believe this. 56 episodes! And we're here! That key belt will fit in the hole! This episode is called The Basement. The Basement! I honestly thought we'd never get there. Honestly, no in this show. This has nothing to do with The Basement. This could probably be about my basement. This could be about Tanjiro. Anyways, let's just get to it. The Basement! Now I'm telling you, we better get to this Basement right today. So we're just gonna start like this again. We're gonna show Irwin casually like that. There's better not be no flashback episode.   That was so powerful seeing the colossal Titan crying. There's some symbolism in that.   You better heal her. Use some Titan power on her. I don't know. Come up with a new power. Man, I forgot Armin died in the last episode. I mean, died.  Oh my god. Can you understand what Levi might be feeling right now? Damn, Armin's packing under there.  If there's one person I feel bad for, it's not even the dead. It's Levi. You know what Levi just witnessed and what he has to live with? It's not all about dying. It's what you choose or what you have to live with. Shit. Yo, imagine he knew. I mean, imagine what he's going through right now.  I still can't believe they got the role of this. Damn, they really ran over the whole episode to him. Yeah. Oh. I love that. I mean, I don't love they throwing up right now what he's been through, but I love his reaction. That kind of means I love him throwing up. So I don't know what I'm trying to say, actually. Oh my heart. Yeah, I should have just brought Armin's dead body to the basement. He wanted to see the basement. You might as well have just brought him there. I don't know who I feel bad for more now. Armin, like Armin hearing this this conversation, like everything about this is amazing.  Give her food. Where's the bread?  Hange is like the commander now.  Oh my god. You bet. Oh my god. We're actually going there. We're actually going there. They're playing sad music on their way to the basement. They're showing flashbacks because this is what it took to get there. I don't even care what's in the basement. I just want to see it. I want to see the basement as if architecture makes me hard. It's like they won but they lost. No one won. And that's war. No one wins. You better know where your house was. Shit. I think I could find it at this point. I love the setup to the scene. The music.  They're not downplaying this. Oh my god. This is beautiful. Oh, don't show. Honest. This is beautiful, man. We're getting like the walk through the city after it's been destroyed after they've been destroyed. Can y'all, can y'all walk faster? Y'all have gear. Use it.  I swear to god if we go through another episode we're still at this damn basement.  Oh! Oh! Oh! We're here! I don't know why I put my contacts in. I'm gonna have to take them out again. Oh my god.  I can't even make jokes for this. This is just something else. Luckily, yeah, bro.  And it's like, I remember drinking from this cup. I remember this wood when I punched it from anger. I can't believe we're here. I honestly can't believe this. 56 episodes! And we're here! I never thought I'd see this.  What's in this basement? That key better fit, bro. I swear to god. Bro, imagine the key doesn't fit. Oh my god, we're up to the door. Dude, that key better fit.  Why is it taking so long? Don't tell me it doesn't fit!  Okay? We're getting in there. Levi says I have the key. That's the key! Imagination turned around. The key doesn't fit, we're leaving. It's rude to go into this place without proper entrance. Levi's us. He's the view.  We're getting in there. I expect every answer I've ever had to every question in this basement right now. Secured to cancer better be in this basement at this point. Honestly. The fucking... Eren was always meant to kick that door down. You ain't getting in here unless you have the balls to kick this wall down.   It's an empty drawer. I know. If anything I learned from SpongeBob it's you lift the bottom. Yeah, I knew it! Man, that was kind of weird. There was a keyhole to this empty drawer. Don't you think that leads people to believe there's something in that drawer so you better keep looking in that same drawer? I don't think that was a smart idea at all. What's in this damn book? The key to life better be in this book. Don't tell me the book is not going to have any words in it. It's going to be empty pages. How more cryptic could you make this damn basement? Dude, I'm shaking right now, man. Damn. Oh my, I've never been excited to open a book in my life. I don't even think I've ever read a book.  I swear to God, y'all can't casually show everyone like this. I can't deal with it, man.  Y'all should have brought the basement with you at this point.  I know what that... Oh my God. That's not Aaron. That's the beast.  Oh my God. What's going on? That's not the anger. It looks just like him.  Where are we? Is this 10,000 years into the future or some shit? Oh my God.  Oh my God. He's just like Aaron. This show? Is magic. If people don't believe that magic exists show them attack on Titan because this is as close as magic to being real than anything else is. That family picture that portrait of Grisha and that wasn't Aaron's mom, I think. I think. And that wasn't Aaron. That was the beast. Dude, Grisha had a whole mother family. He's from beyond the walls. Then he came to the walls and had this new family.  This is insane. We're getting straight into it that day.  What is this place? There's cars, there's ships. The walls have nothing. What was the truth? Yeah, there's a building. Oh, I thought he was looking at season 3. That day this music is scary. Castle. This is so weird to see. Like a car and an attack on Titan. Eldians. You think he has an exit permit? He's like 2 years old. Labor. No! Grisha is like Aaron. He even sounds like him a bit.  I just smoke a blunt after I just beat the kid to death.  Oh, now I understand why Grisha wasn't smiling at all when I saw him.  They're dead! There's too many words on the screen! Oh, Aaron.  I don't care if he's your dad. We're learning about the outside world. This is incredible. Shit! Man, just keep talking! I want to know everything! Yeah! This guy had to teach him a whole history lesson because his daughter died. Man, I wouldn't be listening either. I wouldn't be listening in general.  Who cares about our ancestors? Who cares about our ancestors? They're dead. They're below the ground. Damn right, yell at him. Your daddy. What is this guy? How could you say that? Man, I'm 26. I don't even know my past. I wish. 18?  I have a message for you. Yo! I'm going to tell you who the real devil is. What? It's our ancestors. No way! His sister was killed because of their ancestors. It's like this town, this city has something against them. The restorationists. Dang, Grisha, what's so badass? Hell yeah! No wonder why Eren's like this. He's forming his own like rebellion. Dainafritz. Ooh, Grisha's in love. Wait, that's not Eren's mom! Why don't look at another woman like that? Yo! TATAKAI! I see this animated.  Everything is connecting to me. Oh! Oh my god. Oh my god, what's his name?  It's David C. So that's Eren's brother. Well, half brother. But it's still from Grisha's cock. Look at how sad is this kid, bro? Too much. It's happening in this damn episode. I don't even add or react. Man, there's blimps? There's blimps? I don't even know what that is. The titans in the walls will flatten the entire world. It's kind of like what Reiner and Bertholt were doing with Eren. Like they're trying to break through the walls. Yo! Yo! These look like... Like this guy looks like a titan from like the first season.   Him, he looks familiar to I remember these faces! Yo! Let's go! He's even playing with the beast titan! It's foreshadowing! That's why they look so alike. This is... Dude! Oh man. This is why Zeke, the beast titan doesn't like his father. Oh my god. Water the ocean. This is all that Armin wants to see that they pray of seeing one day. They dream. So these are the titans? Like they push them off the wall and they turn into titans? Once again. The voice acting in this show. Next level. Oh my god. It all makes sense. Look! I was right! Oh my god. Oh yeah!  Wait, did he see that? Did he just see all of that? Yo! What? Go back to sleep. I want to know more. Oh, Mikasa looks cute though.  Yo! What? Go back to sleep. I want to know more. He looks cute though.  Oh! Grisha's other wife, his first wife, Dina is the one that killed his second wife. I wonder if that's tied and Oh!  Oh, I want to see him rip the shreds. Yo, I want to see this guy be burned alive.  Like me. I'll eat him alive as a human. Man, he did that like it was nothing. Oh my god.  It's like they're being destroyed and abused because of their race. I know who's... Oh! That show I'm about to watch. Oh, please show him being eaten. Oh, I'm gonna love this. No, come on, switch the camera angle. Yes, yes, please.  Oh my god.