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Approved 10.18.2023 <br /> 1 <br /> 2 Ryan Moffitt: They would pay the non-profit. <br /> 3 <br /> 4 Beth Bronson: So, if you were, if you wanted to. <br /> 5 <br /> 6 Ryan Moffitt: Yeah. <br /> 7 <br /> 8 Beth Bronson: Rent out? <br /> 9 <br /> 10 Ryan Moffitt: Yeah, the non-profit is. <br /> 11 <br /> 12 Beth Bronson: The Nest, okay. <br /> 13 <br /> 14 Ryan Moffitt: Operating the whole property. <br /> 15 <br /> 16 Beth Bronson: Okay. <br /> 17 <br /> 18 Ryan Moffitt: Yeah. <br /> 19 <br /> 20 Beth Bronson: I just wanted to make sure I understand. <br /> 21 <br /> 22 Ryan Moffitt: Yeah, yeah, yeah. No, it's good. I'm, this, I'm glad we're talking through this, but that's conceptually. <br /> 23 <br /> 24 Leon Meyers: See, that's been helpful to me to understand how the concept is organized. So, is it correct to <br /> 25 understand there are three business entities; one is the property ownership entity, one is the non-profit whose major <br /> 26 activity is training individuals with disabilities, and then there is a for-profit hospitality business? Is that. <br /> 27 <br /> 28 Ryan Moffitt: The non-profit is going to operate the hospitality operation to fund its program. <br /> 29 <br /> 30 Leon Meyers: Okay. <br /> 31 <br /> 32 Ryan Moffitt: To fund its non-profit activities. Right? <br /> 33 <br /> 34 Leon Meyers: I don't know that that specific topic is relevant— <br /> 35 <br /> 36 Ryan Moffitt: No. No, it's not germane. <br /> 37 <br /> 38 Leon Meyers: To the application. <br /> 39 <br /> 40 Ryan Moffitt: To what we're. <br /> 41 <br /> 42 Leon Meyers: I think it's just helpful to, for board members to understand what the intention is. <br /> 43 <br /> 44 Ryan Moffitt: Yes. <br /> 45 <br /> 46 Nathan Robinson: Well, it's important to me because the conditions connect to the operations. <br /> 47 <br /> 48 Ryan Moffitt: Right. <br /> 49 <br /> 20 <br />