[CALL TO ORDER]
[00:00:07]
OKAY. AND IT APPEARS AS IF WE HAVE A QUORUM. I'M COUNTING SIX OF NINE. SO. ALL RIGHT. SO CALL.
THE ORDER HAS BEEN MADE. NEXT ITEM ON THE AGENDA IS TO RECEIVE PUBLIC COMMENTS. ANY COMMENTS VIA THE WORLD WIDE WEB? NONE WHATSOEVER. OKAY, THEN THAT TAKES US TO. THIRD ITEM ON THE
[A. Consider the minutes for the June 18, 2025, Bond Committee meeting]
AGENDA, WHICH IS DISCUSSION. AND K, CONSIDER THE MEETINGS OF THE JUNE 18TH, 2025 BOND COMMITTEE MEETING. HOPEFULLY, MEMBERS HAVE HAD AN OPPORTUNITY TO REVIEW THAT DOCUMENT THAT WAS PREVIOUSLY SENT TO US BY CITY STAFF. ARE THERE ANY QUESTIONS, CONCERNS OR COMMENTS? IF NOT, THE CHAIR WILL ACCEPT THE MOTION. MOTION TO APPROVE. SO MOVED, MR. GORDON. SECOND.SECOND. SECOND. MR. BROWNING. SO, ALL IN FAVOR? RAISE YOUR HAND. I OPPOSE. OKAY. OH, OKAY.
ALL RIGHT. ALL RIGHT. APPROVED. UNANIMOUSLY. SO DISCUSSION ITEM B, REVIEW AND FINALIZE THE DRAFT
[B. Review and finalize the draft report to make a recommendation to Council]
REPORT TO MAKE A RECOMMENDATION TO COUNCIL. I WILL TURN IT OVER TO MR. DUFFY. THANK YOU.CHAIRMAN HARVEY. SO WE EMAILED THIS DOCUMENT OUT TO YOU. I THINK IT WAS ABOUT TWO WEEKS AGO NOW. THERE HAVEN'T BEEN ANY CHANGES SINCE THEN. WE CERTAINLY DON'T WANT TO BORE YOU TO DEATH AND READ EVERY PAGE OF THE DOCUMENT. BUT MAYBE IF IT IF IT PLEASES EVERYBODY, WE CAN JUST HIT SOME HIGHLIGHTS AND THEN FEEL FREE TO ASK ANY QUESTIONS ABOUT ANY OF THE DIFFERENT PAGES, THAT SORT OF THING. SO WE JUST KIND OF START OUT WITH AN EXECUTIVE SUMMARY WITH IT AND TALKING ABOUT THE LESSONS LEARNED, SO TO SPEAK, OF THE 2018 BOND PROJECT. IT WAS A $21.6 MILLION BOND. YOU KNOW, WE'VE SPENT THE LAST FIVE MONTHS, I GUESS IT WAS GOING THROUGH AND DOING ANALYSIS AND KIND OF WHAT HAPPENED WITH THAT BOND PROJECT AND TOTAL EXPENSES.
EVEN THOUGH THE PROJECTS ARE NOT ALL YET COMPLETE, ABOUT $34 MILLION. SO CERTAINLY WELL IN EXCESS OF THE ORIGINAL BOND AMOUNT OF 21.6. WE LIST PAGE FOURS AND FIVES. THE COMMITTEE INTRODUCTION AND THE MEETING DATES. THE PURPOSE AND CHARGE. WE HAVE THE FIVE QUESTIONS THAT WE RESPONDED TO THAT WE WERE CHARGED WITH TALKING ABOUT. AND THAT'S REFLECTED A LITTLE BIT LATER ON. WE TALKED ABOUT THE FACILITY TOURS AND EVALUATIONS AND THOSE TYPES OF THINGS. SURE, IT'S A MINOR MINOR POINT, BUT IN TERMS OF LOOKING AT THIS AS AN ARCHIVE FOR WHAT WE'VE DONE OVER SEVERAL MONTHS, WOULD IT BE OKAY? IF IT WOULD JUST SOMEWHERE IN A SENTENCE AS THE COMMITTEE FULFILLS ITS CHARGE? SURE. IT LAYS OUT WHAT WE'RE SUPPOSED TO DO AND WHAT WE DO. BUT, YOU KNOW, FOR ARCHIVAL PURPOSES, JUST TO SAY THE COMMITTEE DID THIS CHARGE CITY COUNCIL, MAYBE ON PAGE FIVE AT THE BEGINNING OF THAT SECTION? YEAH. WHEREVER IT LOOKS. OKAY. TO EVERYBODY. JUST SOME STATEMENT ABOUT FULFILLMENT. SURE. LET ME MAKE NOTES AS WE GO TONIGHT SO I CAN GO BACK AND. WE TALKED ABOUT THE FACILITY TOURS, THE DOCUMENTS, OBVIOUSLY WE REVIEWED. AND THEN IT KIND OF GETS INTO A LITTLE BIT MORE DETAIL ABOUT THE 2018 BOND PROJECTS. THE ANALYSIS THAT WE'VE TALKED ABOUT PREVIOUSLY, RELATIVE TO ALL OF THE COST OF EACH OF THOSE. YES, SURE. PAGE TEN AT THE BOTTOM, THE VERY LAST SENTENCE. ADDITIONALLY, THE COMMITTEE FINDS A NEED FOR 18,545,000, INCLUDING THE SERVICE CENTER, TO COMPLETE THE PROJECTS PROPOSED AS PART OF THE 2018 BOND PROJECT. THAT'S CONFUSING TO ME. SURE, IT IS A LITTLE CLUNKY THE WAY IT'S WORDED THERE. I BELIEVE THAT THE I BELIEVE THAT THE GIST OF THAT WAS TO SAY THAT IF ALL OF THE PROJECTS WERE TO BE COMPLETED THAT WERE ORIGINALLY PROPOSED IN THE 2018 BOND PROJECT, IN ADDITION TO THE MONEY THAT HAS BEEN SPENT TO DATE, YOU WOULD NEED ABOUT ANOTHER $18,000 TO COMPLETE ALL THOSE PROJECTS BECAUSE OF THE SUBSTANTIAL COST, WITH THE SERVICE CENTER MEANING
[00:05:03]
CAMP, WISDOM, THE TRAILS AND ALL THOSE TYPES OF THINGS. SO WE CAN WORK THAT 18,000. I THINK IT'S 18 MILLION. OH. I'M SORRY. YES. NO, NO, YOU'RE RIGHT, YOU'RE RIGHT. 18,545,000. MAKE SURE WE'RE ALL ON THE SAME PAGE SO WE CAN. I UNDERSTAND WHAT YOU'RE SAYING. IT'S NOT CLEAR THE WORDING, OR WE CAN MAKE THAT MORE CLEAR. YES. DID I MISS IT HERE? ABOUT THE FACT THAT I GUESS ALL THOSE OVERAGES WERE APPROVED BY COUNCIL? I DON'T KNOW THAT WE COME OUT AND SAY THAT BECAUSE THERE WERE A NUMBER OF, I THINK, CHALLENGES SPECIFICALLY WITH THE FIRE STATION THAT HAD TO GO BACK AND BE RATIFIED BY COUNCIL, THAT WERE APPROVED BY STAFF. IT WAS NOT APPROVED BY COUNCIL. OKAY. SO HOW ARE THE OVERAGES ACCOUNTED FOR? WERE THEY ADDRESSED BY THE GENERAL FUND THROUGH THE MANAGEMENT OF THE CITY MANAGER? SO THERE WERE A SERIES OF BUDGET ADJUSTMENTS THAT WERE DONE DURING THAT TIME PERIOD TO ACCOUNT FOR THOSE.SOME OF THE MONEY CAME FROM THINGS LIKE THE ARPA FUNDS. SOME OF IT CAME THROUGH BUDGETED AMOUNTS. SOME OF IT CAME THROUGH CIP PROJECTS. THERE WAS A SERIES OF DIFFERENT POTS THAT THEY WERE TAPPING INTO TO TRY TO COMPLETE THIS. SO MR. GORDON'S POINT ABOUT THIS KIND OF DOCUMENTING OF THOSE OVERAGES WERE ACCOUNTED FOR BY WHATEVER MEANS THAT'S APPROPRIATE TO PUT IN THERE FOR THE ARCHIVES THAT, THAT, THAT THE BOND MANAGEMENT JUST DIDN'T GO WILD BECAUSE THEY WANTED TO THEY WERE ADDRESSED THROUGH WHATEVER CHANNELS AS COVID OCCURRED AND WHATEVER ELSE OCCURRED. OKAY. I'M JUST TRYING TO SEE IF THERE WAS. I DON'T REMEMBER IF THAT WAS SPELLED OUT IN THERE SOMEPLACE OR NOT, BUT LET ME JUST MAKE A COUPLE QUICK SO I CAN GO BACK. AND IF YOU FEEL IT'S IMPORTANT TO PUT IT IN THERE. BUT I THOUGHT THE WORK WAS REALLY HERE.
I DON'T END UP ON ONE POINT, BUT GOING BACK TO WHAT I POINTED OUT EARLIER, I'M CONCERNED THAT. I MEAN, THERE'S 18,000,018.5 MILLION LEFT TO COMPLETE ON THE PREVIOUS BOND, AND I DON'T FEEL RESPONSIBLE TO PROPOSE A NEW BOND WHEN THE OLD ONE HASN'T. I MEAN, I KNOW THAT WE WENT OVER THIS EARLIER, BUT HAVING IT LAID OUT LIKE THIS, WHAT ARE THE PEOPLE GOING TO THINK? WE 18 MILLION WASN'T COMPLETED, BUT HERE WE ARE. WE WANT A NEW BOND FOR NEW STUFF. I JUST I DON'T KNOW HOW THAT LOOKS. YOU KNOW WHAT I MEAN? OR AM I LOOKING AT IT WRONG? I DON'T THINK THAT YOU'RE LOOKING AT IT NECESSARILY WRONG. I THINK ONE OF THE BIGGEST PORTIONS OF THAT RIGHT IS PROPOSITION D, WHICH IS THE SERVICE CENTER. OKAY. SO THAT WAS 10 MILLION. OKAY. WHICH WE'RE SAYING COULD ACTUALLY BE AS MUCH AS 12 MILLION IN TOTAL. RIGHT. WHEN IT'S DONE. THE PROJECTED ESTIMATE IS 10 TO $12 MILLION. BUT THE BONDED AMOUNT IN THE 2018 BOND WAS ONLY 2.4 MILLION. SO HOW LONG, IF IT WOULD BE APPROPRIATE TO JUST SAY THAT? THE LION'S SHARE, OR IF YOU WANT TO DESIGNATE THE NUMBER OF THE 18,000,005 45 YEARS, THE SERVICE CENTER, WHICH IS BEING ADDRESSED IN THIS BOND. AND THEN THAT WOULD SPEAK TO YOUR POINT. WELL, AND BECAUSE I'M REMEMBERING SOMETHING THAT MR. KOWALIK HAD MENTIONED EARLIER, AND THAT IS, YOU KNOW, AREN'T WE OBLIGATED LIKE IT'S ALMOST A SENSE OF OBLIGATION TO COMPLETE WHAT PEOPLE APPROVED BEFORE. HE BROUGHT THAT UP A FEW WEEKS AGO. I THINK I DID EXACTLY WHAT YOU'RE SAYING. BUT IF YOU TIED TOGETHER THE 2 OR 3 SENTENCES BEFORE, IT EXPLAINS WHY WE ENDED UP IN A COST OVERRUN. AND SO IF MAYBE THE REWORDING OF THIS, TO SAY THAT THE COST OVERRUNS AS A RESULT OF COVID, IF WE PUT THE PROJECTS OUT OF REACH FROM WHAT THEY WERE ORIGINALLY INTENDED TO BE, THAT REALLY IS BAD. AND THAT'S WHAT HAPPENED. THE COST OVERRUNS OF 18 FIVE, 45. WELL, THEY OVERRAN THE BUDGET BY 24.5
[00:10:04]
MILLION, AND THEN WE WEREN'T ABLE TO COME UP WITH ANY FUNDS TO SUPPORT THE OTHER COST OVERRUNS OF 18. 545. SO IT'S MORE LIKE HAD COVID AND OTHER EMERGENCY ISSUES HAD NOT OCCURRED, IT WOULD HAVE BEEN POSSIBLE FOR THE CITY TO COMPLETE THE PROJECTS. BUT WE'RE NOT ABLE TO BECAUSE OF COST INCREASES, BECAUSE OF COVID. SO IT'S MORE LIKE AN EXPLANATION OF HOW WE GOT HERE THAN A SIMPLE STATEMENT, MAYBE. WHICH ADDS MORE VERBIAGE, BUT I THINK IT WOULD CLEAR THE POINT, YOU KNOW, IF WE DIDN'T, WE DIDN'T JUST WILLY NILLY RUN OVER $18.5 MILLION. WE WOULD IF THE WORLD HADN'T GONE TOPSY TURVY, WE COULD HAVE MET SOMETHING IN THE BUDGET. WE WOULDN'T HAVE HAD THAT. AND I JUST FEEL A SENSE OF GRAVITY THAT WE'RE RECOMMENDING A NEW BOND. AND I WANT IT TO BE CLEAR THAT WE'RE NOT JUST TOSSING ALL THE OTHER STUFF ASIDE. YOU KNOW, THERE'S SO MUCH DETAIL INTO THOSE COST OVERRUNS. AND AS A RESULT OF COVID, I MEAN, STEEL WENT UP, LABOR WENT UP. I MEAN, IT WAS IT WAS ENORMOUS. AND WE'RE JUST SITTING BACK AND SUCK THE WIND RIGHT OUT OF US IN TERMS OF LOOKING, WHERE DO WE GET THIS MONEY FROM? AND THE WHOLE COUNTRY WAS WAS STYMIED BY THESE COST INFLATIONS. AND AS A RESULT, WE WEREN'T ABLE TO THE BUDGETS FOR THESE $21.6 MILLION BUDGET WAS COMPLETELY SHUT, YOU KNOW, AND LOOKING AT THE FIRE STATION, IT WAS IT WAS, WHAT, $10 MILLION OVER. WHAT WE ANTICIPATED? IT WAS 10.9 IN TOTAL. THE BUDGET WAS SIX, SO IT WAS ALMOST FIVE. YEAH. WE YOU KNOW, WE GOT HURT BADLY BY WHAT COVID DID TO THE ENTIRE NATION IN TERMS OF INFLATION ISSUES. WE COULDN'T COPE, BUT WE HAD TO FINISH. SO AND THIS IS WHERE THE RATIFICATION COMES IN. IT'S LIKE DO IT, PAY FOR IT AND LET'S RATIFY IT TO MAKE IT LEGAL. BECAUSE WE JUST COULDN'T LEAVE THAT SHELL SITTING UP THERE UNFINISHED FOR X NUMBER OF YEARS UNTIL WE GOT TO COME UP WITH.THAT ADDRESSES THE HISTORY OF IT ALL, TO YOUR POINT. YEAH. AND THEN ANOTHER BIG PIECE OF THAT WHEN YOU'RE REALLY BREAKING DOWN. I WAS JUST TRYING TO SEE. WAS. THE NORTH MAIN, THE NORTH MAIN AND CAMP WISDOM. SO THAT BONDED AMOUNT WAS 1.5 MILLION. RIGHT. AND WE'RE ESTIMATING IT'S AT LEAST 6.5 MILLION TO COMPLETE THAT PROJECT. AND I THINK THE RECOMMENDATION OF THIS COMMITTEE IS WE ABANDONED THAT JUST. YES. AND WE SAY THAT THAT'S WHAT I WAS JUST LOOKING FOR MYSELF.
PAGE 12. PAGE 12 OF 36. PARAGRAPH ABOVE THE BOTTOM. RESULTING IN A RECOMMENDATION SECTION. IF WE ACTUALLY THOUGHT THERE WAS A POINT WHERE WE JUST SAID. I DIDN'T SEE THE LANGUAGE, THAT SAID, WE AS A COMMITTEE DECIDED JUST FLAT NOT TO DO IT. THANK YOU. 30 SUMMARY. OH, THERE IT IS. YES, YOU'RE ABSOLUTELY RIGHT ON PAGE 31. 31? YEAH. YEAH. YEAH. THERE'S THE LAST SENTENCE. DOES IT NEED TO BE HERE AS WELL? JUST. LIKE AN ANNOTATION OR JUST. MAYBE NOT.
YEAH. IS IT STARTING ON PAGE 30? IS THE OVERALL BOND COMMITTEE. RECOMMENDATION. THERE'S CAMP WISDOM AND GENESIS. ON THAT. PAGE 31. THE COUNTY HAD, I THINK, SOME GOALS OF IMPROVING THAT ROAD. ROUNDABOUT. WELL THAT WAS DOWN FURTHER, RIGHT. WELL, JUST I THOUGHT THE COUNTY WANTED TO DO SOME IMPROVEMENTS, BUT THERE WAS THE WHOLE PROCESS OF GETTING FUNDING OUT OF THE SIGNED OUT OF THE COUNTY FOR A PARTNERSHIP WITH THE CITY. SO THAT'S A WHOLE ISSUE. THAT WOULD BE. I DON'T WANT TO PUT THAT. YOU KNOW, IT WAS IT WAS AN UNPLEASANT TIME. AND IT WAS
[00:15:03]
THERE WAS SOME DISCUSSIONS. AND I THINK IT'S FAIR TO SAY THAT IT DIDN'T HAPPEN. BLACK AND WHITE AS IT IS. I AVOID THE TEMPTATION TO PUBLICATIONS. I HAVE HAD SOME CONVERSATIONS WITH COUNTY OFFICIALS. I'LL JUST SAY IN TERMS OF DURING THAT TIME PERIOD, AND I DON'T KNOW HOW MUCH INTEREST THERE REALLY IS TO GO BACK AND REVISIT THAT. BUT IF THERE WAS AN OPPORTUNITY FOR US MAYBE TO LOOK AT A NEW WAY, WHETHER IT'S THROUGH THE TIF DISTRICT OR WHETHER IT'S THROUGH TEXDOT. TO WORK TO MAKE IMPROVEMENTS UP TOWARDS I-20, MAYBE THERE'S SOMETHING THAT COULD COME, BUT PROBABLY NOT THAT GREAT INTERSECTION AND ALL THAT STUFF. CHALLENGING INTERSECTION FOR LOTS OF REASONS. BUT AS THE DEPUTY DIRECTOR OF PUBLIC WORKS BRIEFED US, WHEN SHE BRIEFED US THAT THEY ARE PURSUING THE FEDERAL AND STATE FUNDS THROUGH THE GRANT PROCESS. IT'S A IT'S AN AUTHORIZED BECAUSE THE GRADE HAS PUT THE INTERSECTION HAS BEEN APPROVED AS A SAFETY HAZARD UNDER FEDERAL LAW, UNDER FEDERAL GUIDELINES. SO THAT'S HOW THE CITY IS PURSUING THOSE GRANTS. THAT'S AWESOME. OKAY. I HOPE YOU UNDERSTAND. SO THANK YOU FOR POINTING OUT PAGE. I KNEW THERE WAS A SECTION ON RECOMMENDATIONS. I JUST COULDN'T FIND IT. SO PAGE 30 IS STICKING WITH THESE RECOMMENDATIONS. THE TWO BIG RECOMMENDATIONS OBVIOUSLY RECOMMENDATION ONE AND TWO ARE THE NEW FACILITIES. BUT THEN ALSO GOING INTO THE CONVERSATION THAT YOU HAD AT YOUR LAST MEETING ABOUT RESIDENT FOCUSED IMPROVEMENTS, FOR INSTANCE, PHASE ONE OF THE DOG PARK AS A POTENTIAL MAYBE UTILIZING CURRENT FUNDS, NOT NOT BONDS MINICAMP WISDOM. WE JUST TALKED ABOUT UTILIZING FUND BALANCE FOR SMALL SCALE PROJECTS. COMMUNITY ENGAGEMENT, AND THEN DELIVERY ITEMS THAT WE HAD TALKED ABOUT. SO IF ANYBODY HAS ANY QUESTIONS ON. THOSE, I DO. YES, I KNOW THAT LAST TIME SEVERAL OF US MENTIONED THE IMPROVEMENTS AT FIRE STATION TW, SPECIFICALLY WHATEVER TOXIC SITUATION, I DON'T REMEMBER EXACTLY WHAT IT WAS. THEY WERE BREATHING IN SOME STUFF THAT'S NOT GOOD. DIESEL EXHAUST. NOW, AS PART OF A GRANT WE SUBMITTED TO THE FEDERAL GOVERNMENT, WE HAVEN'T LET IT GO. WE DIDN'T CLOSE UNTIL SEPTEMBER 30TH. MAKING AWARDS. WE HAVEN'T BEEN NOTIFIED YET, BUT THAT'S 82,000.WAS PART OF THAT PROPOSAL FOR ASSISTANCE OF FIREFIGHTER GRANT. OKAY. BUT IF THAT DON'T MANIFEST, YOU STILL HAVE THE ISSUE. OKAY. WELL, I KNOW LAST TIME THERE WERE SEVERAL PEOPLE THAT MENTIONED THAT THAT REALLY SHOULD BE. AND THEN I DIDN'T SEE IT IN HERE AT ALL. SO I WAS WONDERING, WE'LL BE ON A HOST OF OTHER REPAIRS. WELL, AGAIN, I KNOW THERE'S OTHER OTHER THINGS TOO, BUT WAS THERE A REASON THAT THEY DIDN'T GET INTO THIS SUMMARY? NO, IT'S IT IS REFERENCED ON PAGE 34. WE COULD CERTAINLY MAKE IT A BULLET POINT. IT DOES TALK ABOUT FIRE STATION IMPROVEMENTS. UNDER THOSE OTHER ITEMS THAT SHOULD BE CONSIDERED RELATIVE TO THAT QUESTION. IF THE COMMITTEE WOULD LIKE, WE CAN CERTAINLY CREATE AN ADDITIONAL BULLET POINT. THAT'S NOT A PROBLEM AND ADD IT TO THIS OTHER SECTION. I THINK I WANT TO MAKE SURE I THINK ONE OF THE THINGS THAT I JUST DON'T KNOW IS I DON'T FULL ESTIMATES YET ON THE PROPOSED COST. WE HAVE A RANGE, RIGHT? WE HAVE A RANGE. AND THAT RANGE WE HAVE, JUST LIKE THE BAY DOORS ALONE ARE $212,000. THERE'S POSSIBLY ANOTHER $50,000 FOR THE KITCHEN RENOVATION AND THEN POTENTIALLY A DORM. I DON'T HAVE EXACT COST ON THAT, BUT CERTAINLY BETWEEN THAT RANGE, I THINK IT'S DOABLE.
$750,000, BUT WE ESTIMATE THAT'LL TAKE, I THINK I THINK ON THE RANGE THAT WE HAD SHOWED ON THE ONE GRAPHIC, I THINK WE SAID BETWEEN 501,000,500 AND 1 MILLION. YEAH. JUST SOMEWHERE IN THAT MIDPOINT I THINK WOULD GET US WHERE WE NEED TO BE LARGELY. STATION TO STATION TWO ON MAIN STREET. SO IS THERE A IS THERE A CONSENSUS TO MOVE THAT UP AS A BULLET POINT? SURE, SURE. OKAY.
ALL RIGHT. SO WE'LL EITHER ADD IT TO PAGE 31 OR IT MAY FALL OVER TO PAGE 32. WHICHEVER. BUT WE'LL MAKE IT A SEPARATE BULLET POINT. THANK YOU. OKAY. OKAY. CAN I DO HAVE ANOTHER QUESTION?
[00:20:10]
REMIND ME WHAT YOU SAID LAST TIME ABOUT THE IT NEEDS. BECAUSE I KNOW SEVERAL OF US MENTIONED THAT AS WELL. AND I KNOW YOU HAD YOU HAD AN ANSWER, BUT I DIDN'T SEE IT IN THE SUMMARY NOTES OF OUR LAST PAGE, SO I CAN'T REMEMBER WHAT IT YOU. SO, YOU KNOW, SOME OF THE IT CHALLENGES AND, YOU KNOW, CLAYTON'S DOWN THERE. WE'VE ACTUALLY BEEN TALKING ABOUT SOME OF THE, THE FIBER NEEDS. AND THERE THERE MAY BE SOME ALTERNATIVES TO DO THAT. ONE OF THE THINGS THAT ONE OF THE THINGS THAT BECOMES, I WOULD SAY BETTER FOR BONDING IS FACILITY CONSTRUCTION. YOU GET BETTER BOND RATES. AND SO STICKING TO THE BOND FOR THE ACTUAL BUILDING, INSTEAD OF RENOVATIONS OF THE BUILDINGS OR THOSE TYPES OF THINGS WILL GET BETTER BOND RATES THAN COMPUTERS AND ALL THAT KIND OF STUFF. THOSE THOSE WOULD BE CHALLENGING. BUT CLAYTON AND I WERE JUST RECENTLY TALKING EVEN TWO ABOUT MAYBE SOME OTHER ALTERNATIVE WAYS ABOUT DOING SOME IMPROVEMENTS FOR FIBER THAT MAY INVOLVE LIKE LEASE OPTIONS, THOSE TYPES OF THINGS INSTEAD OF UPFRONT COSTS. SO WE'RE STILL KIND OF IS IT FAIR TO SAY WE'RE STILL EXPLORING THAT STUFF? YES, SIR. ALL RIGHT. COULD ON PAGE 13 UNDER THIS UNDER FIRE FIGHTING. JUST ENDING THESE TALKS ABOUT OPTIONS. FIBER OPTIC FOR $45,000. IS POSSIBLY WHAT'S BEING RECOMMENDED IN TERMS OF LANGUAGE. JUST SOMETHING A LITTLE BIT MORE THERE BECAUSE IT TALKS ABOUT FIBER. BUT THIS IS FOR THE FIRE. I KNOW THIS POINT IS FOR THE FIRE STATION NUMBER ONE, FIRE STATION ONLY, BUT MAYBE, MAYBE JUST A LITTLE MORE GENERAL TO BRING IN THE ISSUE OF FIBER FOR THE CITY OVER, I DON'T KNOW, IS IT POSSIBLE. AND THEN THAT WOULD COVER THE CONCERN THAT IT WOULD HELP CLAYTON AND STAFF LOOK FOR MORE MONEY FOR FIRE THROUGHOUT THE CITY. I REMEMBER AT ONE POINT MENTIONING JUST THE CONCERN ABOUT PAYING FOR WE'LL BE PAYING INTEREST ON TWO DIFFERENT BONDS NOW, AND YOU HAVE A RESPONSE TO THAT. AND I DON'T REMEMBER WHAT IT WAS. AND I ACTUALLY HAD A CITIZEN CONTACT ME IN THE LAST COUPLE OF DAYS WITH THAT VERY POINT. AND IF YOU COULD REFRESH TRUMP. YEAH, SURE. NO PROBLEM. WE TALKED A LITTLE BIT ABOUT THAT, ABOUT THE DIFFERENT AMOUNTS. HOWEVER, I DID, SINCE I SENT THIS OUT TO YOU, I RECEIVED AN UPDATE FROM JASON HUGHES OVER AT HILLTOP SECURITY. AND SO HE BASICALLY IT'S VERY SIMILAR THAT THE NUMBERS THAT THEY RUN ARE VERY, VERY SIMILAR TO WHAT WE SHOWED UP ON THE SCREEN AT THE LAST MEETING WHERE THE POLICE FACILITY AT ABOUT 12 MILLION, GIVE OR TAKE, WOULD BE ABOUT A $970,000 PRINCIPAL AND INTEREST PAYMENT. AND THEN THE SERVICE CENTER WITH ABOUT 8 MILLION WOULD BE GIVE OR TAKE $630,000 PAYMENT IN THE UTILITY FUND. AND THAT'S ESTIMATED ON A FOUR AND A QUARTER TO 4.5% RANGE. NOW, HE ALSO GAVE A WRAP AROUND. I KNOW THAT YOU HAD ASKED ME ABOUT THAT AS WELL WITH THE CURRENT DEBT.AND SO WHAT HE'S ESTIMATING ON A WRAP AROUND IS PROJECT MAXIMUM RATE OF $0.04, LESS THE CURRENT RATE $0.03. SO THE PROJECTED IMPACT IS AN ADDITIONAL $0.01. AND THAT IS SPECIFICALLY TO THAT 900,000 THAT WE'RE TALKING ABOUT FOR THE POLICE FACILITY. SO THE OUTSTANDING DEBT CURRENTLY. I WANT TO MAKE SURE I'M LOOKING AT THIS CHART. CORRECT. BECAUSE HE'S GOT IT LISTED MULTIPLE DIFFERENT WAYS HERE FOR YOU. BUT YES, THERE WILL BE TWO. IT WRAPS AROUND ETC. BUT THEORETICALLY WE HAVE OUTSTANDING DEBT THAT WE WOULD BE ADDING ADDITIONAL DEBT TO CONTINUE OUT THROUGH THE TERM, PROBABLY A 20 YEAR TERM. SO YOU'D BE TALKING OUT TO ABOUT 2046. BUT THAT'S WHERE HE'S
[00:25:01]
ESTIMATING HERE. IT'S THE ONE PENNY INCREASE OVER THE CURRENT THREE CENT. AND THEN AS YOU GO INTO THE OUT YEARS HERE, HE CALCULATES WHAT THEY CALL THE INS TAX RATE. WE TALKED A LITTLE BIT ABOUT THAT. SO THE MAX IS RIGHT AROUND THAT 27 2829 TIME PERIOD WHERE IT'D BE 4.9 CENTS ON THE INS RATE, AND THEN IT CONTINUES TO DECREASE, ESPECIALLY UNTIL THE EXISTING DEBT FALLS OFF AND THEN IT DROPS TO $0.02. AND THEN IT CONTINUES TO GET A LITTLE BIT LOWER. SO BUT I THINK MY I DON'T KNOW THE CONTEXT OF THE CONVERSATION WAS MY GUESS IS THE RESIDENT WAS PROBABLY ASKING ABOUT THE TAX RATE IMPACT. RIGHT. THE INCREASE ON HAVING THE SECOND. THEY WERE JUST POINTING OUT THE FACT THAT WE'RE PAYING INTEREST ON TWO DIFFERENT THINGS AT THE SAME TIME, TWO DIFFERENT THINGS. AND IT WAS JUST, YOU KNOW, POINTING THAT OUT. BUT I KNEW THAT I HAD MENTIONED IT PREVIOUSLY AND I. YEAH. AND MUNICIPAL BONDS, YOU DON'T NECESSARILY QUOTE UNQUOTE PAY THOSE OFF EARLY. AND THE OTHER THING THAT WE WOULD HAVE TO LOOK AT IS WHAT THE CURRENT RATE IS ON THE EXISTING ONE. GENERALLY SPEAKING, WE DON'T PAY THOSE OFF EARLY. THEY LOCK THOSE IN FOR THE FULL PERIOD. BUT THE BOND RATE THAT THEY'RE ESTIMATING BASED ON WHERE WE'RE AT CURRENTLY IS, AGAIN, FOUR AND A QUARTER, 4.5%. AND I KNOW THAT WE JUST HAD AN UPDATE FROM HILLTOP SECURITIES SAYING THAT FITCH HAD DONE SOME RECENT ANALYSIS AND WE COULD POTENTIALLY EXPECT UPWARD PRESSURE ON OUR CREDIT RATING. SO THAT MEANS THAT'S GOOD. SO OUR CREDIT RATING COULD INCREASE, MEANING THAT BY THE TIME WE WENT TO TAKE OUT A BOND, THE RATE WOULD DECREASE. SO THAT'S ALL SPECULATIVE TOO. IT IS SPECULATIVE, HOWEVER, WHAT THE KEY FACTORS IN THAT ARE ALL THE POLICIES THAT WE'VE ADOPTED, THE FUND BALANCE POLICY, GETTING THE AUDITS DONE ON TIME, ALL THAT BACKLOG CLEANUP STUFF. AND SO NOW NOW WE'RE ACTUALLY STARTING TO SEE THAT AND THEN BUDGET FOR THE FISCAL YEAR BASED ON THOSE POLICIES IS ABOUT 15 YEARS SPECULATIVE INTEREST RATE. CONSIDERING WHAT COULD HAPPEN TO THE PRIME BETWEEN NOW AND THE ELECTIONS IN NOVEMBER, HE'S ESTIMATING THAT HE'S ESTIMATING THAT THE FOUR AND A QUARTER HE'S ESTIMATING A SALE OF FEBRUARY OF 2026 SOMEWHERE IN THE 4.25 TO 4.5 YEAR. YEAH. SO WE WOULD ACTUALLY EVEN IF VERY, VERY LITTLE HAPPENS TO THE PRIME BETWEEN EVEN NOW IN FEBRUARY, IT'S STILL PROBABLY GOING TO BE IN THE RANGE OF SIX AND A HALF TO SEVEN AND A HALF, DEPENDING ON WHAT THE FED'S GOING TO DO. YOU KNOW, WHO KNOWS WHAT'S GOING TO HAPPEN. BUT EVEN IF IT STAYS AT SIX AND A HALF TO SEVEN AND A HALF WITH OUR RATING, WE'RE GOING TO BE BELOW PRIME, WHICH IS TO OUR FINANCIAL ADVANTAGE AS A CITY WITH THE MUNICIPAL BOND. SO IT'S JUST A STATEMENT. SURE.RIGHT. SO WHAT YOU WOULD PAY AS A RESIDENT, FOR INSTANCE, THE PRIME RATE IS I THINK WHAT YOU'RE REFERRING TO, RIGHT. WHAT YOU WOULD PAY AS A RESIDENT VERSUS THE MUNICIPAL BOND RATE WOULD BE. YES, CORRECT. SO JUST WHAT DO YOU RECOMMEND IN TERMS OF THE WRAPAROUND VERSUS THE LEVEL? THAT WHAT HE SAYS, WHAT DO YOU WHAT DO YOU WHAT DO YOU LIKE. YEAH I MEAN IT'S IT BASICALLY IT WORKS OUT TO, YOU KNOW, LIKE A, LIKE I SHARED WITH YOU LAST TIME THAT PENNY, ESSENTIALLY WE'RE GOING TO END UP HAVING TO ABSORB IT ANYWAY IN THE GENERAL FUND BECAUSE AT THAT POINT IT JUST BECOMES PART OF THE BUDGET. HERE'S THE DEBT SERVICE PAYMENT, THE PRINCIPAL AND INTEREST DEBT SERVICE PAYMENT AS PART OF THE BUDGET FOR BOTH FOR THE IF IT'S ONE WHATEVER. AND THEN HERE'S THE AMOUNT THAT'S DUE FOR THAT. AND AT THAT POINT IT IS WHAT IT IS.
THERE'S CAPS IN PLACE, THE TAX CAP AND EVERYTHING ELSE. YOU KNOW, WE HAD A REALLY GOOD AFTER OUR LAST MEETING. I WANT TO SAY IT WAS LAST, I DON'T IT WASN'T LAST THURSDAY. I THINK IT WAS THE THURSDAY BEFORE WE HAD A BUDGET WORKSHOP MEETING WITH COUNCIL. YOU WERE YOU WERE AT THAT WITH ME AND WE TALKED ABOUT STRATEGY FOR THE BUDGET FOR FISCAL YEAR 26 AND GOING FORWARD IN DIFFERENT FISCAL YEARS, AND REALLY TALKED ABOUT THAT UTILITY FUND AND HOW WE CAN UTILIZE THAT DIFFERENTLY THAN WHAT THAT'S BEEN UTILIZED FOR THE CITY OF DUNCANVILLE IN THE PAST. THAT WILL HELP SUSTAIN THE. AS MUCH AS POSSIBLE A WHAT I WOULD CALL A LEVEL. THANK YOU. YES, A LEVEL TAX RATE FOR THE GENERAL FUND WHILE UTILIZING THE UTILITY FUND WITHOUT INCREASING THE RATES THERE, ESPECIALLY AS WE GET SOME OF THE COST UNDER CONTROL AND UTILITY FUND, I KNOW THIS.
[00:30:06]
TRYING TO THINK ABOUT HOW BEST TO ARTICULATE WHAT'S GOING ON WITH THIS LITTLE COMPUTER UP HERE. AND IT GOES BACK TO THE ISSUE OF STATED WAS WE'RE NOT GOING TO BORROW THE MONEY UNTIL WE NEED IT, CORRECT? YES. WHICH IS TO OUR ADVANTAGE, BECAUSE 2018, WE TOOK OUT THE WHOLE $21.6 MILLION IN ONE FELL SWOOP. WE STARTED PAYING INTEREST ON THE 21.6 RIGHT THEN AND THERE.BUT WHAT MR. FINCH AND HILLTOP AND. RICHARD ARE RECOMMENDING IS, EVEN THOUGH IF WE GO TO THE CITIZENS AND REQUEST THE BOND TO BE APPROVED, WE'RE NOT GOING TO ACTUALLY BORROW THE MONEY UNTIL IT'S ACTUALLY BEEN, WHICH KIND OF PUTS US IN A BRIDGE LOAN SITUATION, AND WE ONLY PAY WHAT WE HAVE TO INSTEAD OF BULKING IT UP. AND THAT'S WHERE THE MAYBE THE CITIZENS QUESTION COMES INTO PLAY IN TERMS OF, YES, WE'RE GOING TO BE PAYING INTEREST ON A BOND THAT COULD GO UP TO 2046, BUT THAT INTEREST ON IT'S GOING TO BE MUCH LESS IN TERMS OF AN ACCUMULATION OF WHAT WE'RE DOING FOR THE 2018 BECAUSE OF THE WAY IT'S BEING HANDLED, WHICH IS TO OUR FINANCIAL ADVANTAGE. AND THEN THE OTHER THING IS LOOKING AT THE 20 YEAR TERM INSTEAD OF 25 OR 30 YEARS. YEAH, IT'S NOT IT'S NOT SIMPLE. THERE'S A LOT IN THERE ANYWHERE I KNOW YOU WENT TO IT TALKS ABOUT THE DESIGN BUILD, WHICH WAS JUST YOU KNOW, THAT'S HOW WE'RE GOING TO BORROW THE MONEY. SO PAGE 17 ACTUALLY RIGHT HERE. PAGE REALLY 16 AND 17 TALKS ABOUT SOME OF THE BONDING CAPACITY AND THE RATES AND SOME OF THE RANGES 20 YEARS, 25 YEARS, THOSE TYPES OF THINGS. I THINK WHEN WE GET BACK TO THE ACTUAL RECOMMENDATIONS, I FLIP BACK TO THAT A SECOND.
FORGIVE ME, I DON'T SEE THE ACTUAL RECOMMENDATION OF 20 YEARS HERE UNLESS I'M MISSING IT. WE CAN CERTAINLY ADD THAT I'M LOOKING AT PAGE 17. CONSIDERING THESE RATES, MUNICIPALITY ISSUING A 20 MILLION BOND OVER 20 YEARS WITH AND A TWO, I FELT A READING MIGHT EXPECT TO PAY AN INTEREST RATE. BETWEEN 4.4 AND 4.65. IS THAT 17? 517? YOU COULD FINISH THAT LITTLE PARAGRAPH BY SAYING THAT YOU RECOMMENDED 20 YEARS. OR YOU GO ON PAGE 33 UNDER PARAGRAPH THREE, OR BOTH OR BOTH, YOU COULD GO INTO BOTH. LOOK AT THAT. THEY'RE TWO.
ESPECIALLY SINCE PAGE 33 IS YOUR RECOMMENDATION SECTION. YEAH, I JUST HAD THAT. THAT'S TRUE. YES, SIR. ON PAGE 17, UNDER THE BOND RATES, DID I MISS IN THERE IF WE TOOK OUT A 20 MILLION BOND AT THE DIFFERENT INTEREST RATES, WOULD THAT TOTAL PAYBACK WOULD BE WITH THE PRINCIPAL AND INTEREST? THAT'S SOMETHING THAT SHOULD BE ADDRESSED. WE DO HAVE IT. IT'S AND BASED ON THESE UPDATED NUMBERS HERE FROM LIKE I SAID, THAT I JUST GOT FROM JASON. SO THE $12 MILLION. BOND WOULD INCLUDE FOR 20 YEARS 7 MILLION IN INTEREST FOR A TOTAL REPAYMENT OF 19 MILLION. AND THEN THE FOR THE SERVICE CENTER. SEPARATELY, 8 MILLION WOULD BE 4.9 MILLION IN INTEREST, FOR A TOTAL OF 12.8. THAT'S 25 YEAR. WOULD NEED TO MAKE THAT INTEREST EVEN GREATER. CORRECT? CORRECT.
THE LONGER TERM, THE MORE INTEREST. SO I THINK BOTTOM LINE NUMBERS I DON'T KNOW. IF THAT'S A GOOD EXAMPLE TO ADD INTO THE. DOCUMENT THAT IT'S IN OUR FINANCIAL INTEREST TO GO WITH THE SHORTER TERM. YOU KNOW, WE CAN USE THE NEW CHART THAT HE'S PROVIDED AND DO A SCREENSHOT HERE LIKE THAT MAKES SENSE. SO. THANK YOU. BRING UP ANOTHER POINT LOOKING AT PAGE 16 WHERE YOU'RE TALKING ABOUT THE IMPACT RANGE PROPERTY TAXES. AFTER LISTENING TO PORTIONS OF THE BUDGET WORKSHOP AND SEEING THAT STAFF IS SUGGESTING A UTILITY FEE, THAT WOULD ALSO INCREASE
[00:35:09]
PAYMENTS BY 10 TO $12, 8 TO $12, OR ADDING ADDING A FEE TO THE WATER FOR STREET MAINTENANCE O THE STREET. IT'S JUST A DISCUSSION, RIGHT? YEAH, YEAH, IT WAS JUST A DISCUSSION. BUT YOU KNOW, IT'S IF IT WERE TO GO FORWARD, THAT'S AN ADDITIONAL ALMOST THE SAME AMOUNT. AND I JUST AS YOU KNOW, MY, MY WHOLE THE MOST IMPORTANT THING TO ME IS TRANSPARENCY. YOU KNOW, PEOPLE CARE ABOUT THAT TOO. AND SO I WOULD JUST WANT TO KNOW THAT I MEAN, OBVIOUSLY YOU'RE NOT PUTTING IT IN HERE, BUT THAT ANY ANY DISCUSSIONS GOING FORWARD ABOUT THIS ALSO INCLUDE INFORMATION ABOUT OTHER FEES OR TAXES SO THAT PEOPLE KNOW IT MIGHT NOT JUST BE THIS, YOU KNOW, IF COUNCIL DOES APPROVE A FEE ON THE WATER BILL, THEN IT'S THIS. AND. I UNDERSTAND EXACTLY WHAT YOU'RE SAYING. I THINK IT'S YOU KNOW, THAT WAS JUST SOME IDEAS FOR SOLUTIONS AS WE REALLY TRY TO FIGURE OUT HOW TO CLOSE THE GAP, ESPECIALLY WHEN IT COMES TO SOME OF THE STREET IMPROVEMENT COSTS VERSUS THE PAVEMENT INDEX. RIGHT AFTER AFTER THE CAMBION KICKED DOWN THE ROAD A LITTLE, IT'S, YOU KNOW, STARTING TO COME BACK. I THINK THAT THE WE DO TALK ABOUT UNDER YOUR RECOMMENDATIONS THAT TRANSPARENCY PIECE. I WAS JUST LOOKING. TO. MAKE SURE THAT I'M SORRY 31 TALKS ABOUT THAT. YEAH. MAINTAIN TRANSPARENT ONGOING COMMUNICATION. AND THEN IF THE COUNCIL WAS TO EXPLORE SOMETHING OR OTHER LIKE THAT, YOU KNOW, AGAIN, HAVING TO BE TO BE VERY TRANSPARENT ABOUT THAT TOO. AND YOU KNOW, THE COUNCIL WANTS TO THAT JUST SO EVERYBODY KNOWS THAT CONVERSATION REALLY THAT IS STILL WAY, WAY DOWN THE ROAD. I MEAN, BECAUSE THERE WOULD HAVE TO BE AN ANALYSIS DONE ON REALLY WHAT THAT WOULD INCLUDE, WHAT IT WOULD ENTAIL. I MEAN, THAT'S PROBABLY WHILE IT WAS MORE OF JUST AN INTRODUCTORY CONVERSATION, IT'S PROBABLY AT THE ABSOLUTE EARLIEST. IT WOULD TAKE A YEAR TO DO THAT ANALYSIS AND HIRE CONSULTANTS. YOU'D BE 27, MAYBE 28 FISCAL YEAR BEFORE SOMETHING LIKE THAT. AND THEN OBVIOUSLY THEY WOULD WANT PUBLIC HEARING AND DISCUSSIONS AND STUFF. SO JUST A COMMENT THAT GOES BACK TO ONE OF THE THINGS THAT MR. HARVEY BROUGHT UP THAT YOU ADDRESSED, MR. FINCH, IS THAT WHAT IS OUR JOB? YOU KNOW, THE QUESTION CAME UP AS GREAT MERIT IN TERMS OF STAFFING THE POLICE STATION AND WHAT YOUR COMMENT WAS. OUR JOB. WELL. THAT'S MY 88 YEAR OLD THAT THE CONSIDERATION FOR OPERATIONAL NEEDS NEEDS TO BE CAREFULLY SEGREGATED FROM WHAT WE'RE DOING AS A BOND COMMITTEE. YOU'RE, MR. PATRICK, BROUGHT UP VERY, YOU KNOW, CREATIVELY THAT, YOU KNOW, HOW DO WE SO WE BUILD THE POLICE STATION. WHAT ABOUT THE HOW DO WE HIRE 11 POLICE OFFICERS? AND YOUR ANSWER WAS YES. THAT'S IT'S REALLY IT'S A GREAT OBSERVATION AND SOMETHING TO BE CONSIDERED, BUT IT'S OPERATIONAL VERSUS OUR JOB AS A BOND COMMITTEE IS NOT THAT. INSTEAD, THE CITY AND THE STAFF ARE GOING TO FIGURE THAT OUT WITH COUNCIL AT A LATER DATE. IT ALMOST GOES TO THE SAME POINT THAT FEES, AS A RESULT OF WHAT THE CITY IS DOING, IS SOMEWHAT SEPARATE AND APART FROM WHAT WE'RE DOING AS A BOND COMMITTEE, BUT IT'S PART OF THE EDUCATION, AND WE TALK ABOUT REALLY EDUCATING. HOW WE SELL THIS PUPPY IS HOW WE EDUCATE THE CITIZENS IN TERMS OF HOPEFULLY LOOKING TO APPROVE IT. SO WHAT I'M THINKING, ERIC, IS MAYBE PUT IT IN THAT EDUCATIONAL PIECE, THEN MAKING IT PART OF THE DOCUMENTATION IN THIS PARTICULAR DOCUMENT IN TERMS OF WHAT WE'RE RECOMMENDING, BECAUSE YEAH, IT PLAYS. IT'S GOING TO HIT ALL OF OUR BACK POCKETS. AND SO HOW DOES HOW DOES THIS AND THE WATER FEE AND EVERYTHING ELSE HIT OUR BACK POCKET. THAT'S TRANSPARENCY. IT COULD BE BROUGHT UP AT THAT POINT FOR MARKETING EDUCATION. BUT OUR JOB SITS STRICTLY FOR THE.COMPOSITION OF THE BOND ITSELF. I JUST WANT TO MAKE SURE THAT THE EDUCATION PIECE INCLUDES ALL THE OTHER. ABSOLUTELY, YEAH I AGREE OKAY. AND I WOULD EXPECT THAT WOULD BE PART OF THE BUDGET
[00:40:02]
DISCUSSION. YEAH, ABSOLUTELY. YEAH. I JUST MADE A NOTE. AMELIA. REPORTS ABOUT THAT A LITTLE BIT JUST TO DO THAT. ALL RIGHT. OKAY. SO ANY OTHER QUESTIONS. WE'VE HAD A VERY VIGOROUS OKAY. LET'S GO I'M GOING BACK TO SOMETHING ERIC BROUGHT UP. AND THAT WAS IT'S THAT WE STARTED OUT LOOKING WITH STAFF RECOMMENDED AT 26 MILLION. SO WE DIDN'T WORK THAT WE DIDN'T. WE BROUGHT IT DOWN. WE AS A COMMITTEE DECIDED, YES, 26 MILLION IS ASSESSED THAT HE IS NEEDED. BUT WE AS A COMMITTEE FELT LET'S GO LESS THAN THAT IF WE CAN. AND THAT'S WHEN WE CAME UP WITH THE 20. SO I DON'T KNOW WHERE IT WOULD COME IN, MR. FINCH, JUST SOME STATEMENT THAT WE CONSIDERED THE FULL STAFF RECOMMENDATIONS OF ALL THE PROJECT AT 26. BUT WE AS A COMMITTEE PARED IT DOWN TO 20. I THINK IT'S AN IMPORTANT THING FOR THE CITIZENS TO KNOW THAT THAT WE WENT WITH THE LESS THAN THAT. I WOULD AGREE AND EXPAND BEYOND THE 26. YEAH. YEAH. WE COULD HAVE GONE BIGGER, BUT WE WENT LESS. SONGS. THE TAXPAYERS ARE ALWAYS ON. NO STROKE CREEP HERE. YEAH. SCOPE CREEP. I'LL MAKE SURE THAT'S IN. AND IT GOES BACK TO WHAT MR. FINCH SAID IN TERMS OF THE DESIGN BUILD. IT'S IT PUTS THE ONUS ON THE CITY TO MAKE SURE WE DESIGN THAT THING.THIS IS THE WAY IT'S GOING TO BE. NO, DON'T MESS WITH IT, BECAUSE IT'S GOING TO BE BUILT FOR X DOLLARS AND THEY'RE GOING TO BE NO COST OVERRUNS. THAT'S HOW IT'S GOING TO GET BUILT. IT REALLY PUTS THE MAJORITY OF THE PRESSURE ACTUALLY ON THE CONTRACTOR. SO HERE'S THE DOLLAR NUMBER. HEY, IF YOU CAN BUILD IT FOR 6 MILLION IN POCKET 12 MILLION, FEEL FREE. BUT WE KNOW YOU'RE NOT GOING TO BE ABLE TO DO THAT. RIGHT. SO. IT'S A VERY IT'S A TACTICAL POINT NOT A STRATEGIC POINT. IT'S A TACTICAL POINT IN TERMS OF THE EXECUTION OF THE CONTRACT. RIGHT. SO AT THIS POINT, DO YOU WANT TO CONTINUE YOUR PRESENTATION ON IN YOUR HANDS? WELL, I WOULD JUST SAY, YOU KNOW, NEXT STEPS HERE I'LL GO THROUGH AND TWEAK SOME OF THESE PARAGRAPHS THAT WE TALKED ABOUT. SEND IT OUT TO YOU. AND THEN I THINK IN TERMS OF THE COUNCIL PRESENTATION FOR THE 15TH, WE'LL CREATE A POWERPOINT, MAYBE HIT ON SOME OF THE ITEMS. YOU KNOW, THE REPORT ITSELF WILL BE ATTACHED TO THE STAFF REPORT ATTACHED TO THE AGENDA, MAYBE THE POWERPOINT WE HIT ON KIND OF SOME OF THE WHAT YOU DID, HOW YOU WENT THROUGH THE PROCESS AND THEN REALLY KIND OF FOCUS ON THE RECOMMENDATIONS, IF THAT MAKES SENSE, AND YOU CAN SHARE THOSE WITH COUNCIL. I THINK YOU OFFERED TO PRESENT THE COUNCIL. YES, YES. ANY QUESTION ABOUT THE LAST TWO PAGES ON THE 2018 INFORMATION? IS THERE A REFERENCE IN THE DOCUMENT BACK TO THESE OR I THINK IT SAYS APPENDIX THIS COLUMN. AND THE CITY IF THIS WERE IF THE COUNCIL VOTED FOR THIS TO MOVE FORWARD WE'LL HAVE TO WE HAD A LITTLE BIT OF CONVERSATION. I BELIEVE IT WAS ACTUALLY I DON'T KNOW WHERE IT WAS, BUT I KNOW WE HAD RECENTLY HAD A CONVERSATION ABOUT IT GOING TO SLEEP SINCE THEN ABOUT THIS, THAT WE CAN'T REALLY ADVOCATE FOR OR AGAINST THIS. WE JUST HERE'S THE FACTS, HERE'S THE DATA, SOME SORT OF EDUCATIONAL THING LIKE THIS. AND THEN THE VOTERS MAKE THEIR DECISION. JUST IN THIS DOCUMENT, DO WE REFERENCE THAT THIS IS JUST FOR ILLUSTRATION PURPOSES? RIGHT. I WOULD MAYBE THINK THAT THIS WAS WHAT WE WERE PROPOSING IF I DIDN'T KNOW ANY BETTER.
WHEN WE TALK ABOUT THE 2018 MODEL STUFF, DOES IT REFERENCE THAT I CAN MAKE SURE THAT THAT'S CLEAR, THAT AN EXAMPLE OF WHAT WAS PRESENTED TO THE PUBLIC WERE THE LAST TWO PAGES OF THE DOCUMENT. BECAUSE IT REALLY IS GOOD INFORMATION FROM BACK THEN, BUT IT DOESN'T REALLY HAVE ANYTHING COMPARED TO WHAT'S GOING FORWARD. OKAY. I'LL MAKE SURE THAT THAT'S REFERENCED UP HERE, AND THEN WE'LL MAKE SURE THAT THAT IS NOTED ON THOSE TWO LAST PAGES. THAT EXAMPLE FROM 2018 ILLUSTRATED PURPOSES ON. AND SO JUST SO I UNDERSTAND HOW IT WORKS, I DON'T KNOW, WOULD WE
[00:45:09]
WOULD THERE IT WOULD BE OUT OF OUR HANDS BY THEN. BUT WOULD THERE BE TWO DIFFERENT PROPOSITIONS THEN ONE FOR THE SERVICE CENTER AND ONE FOR THAT IS THAT IS MY UNDERSTANDING THAT THERE WOULD BE TWO PROPOSITIONS, ONE FOR I'M JUST GOING TO HYPOTHETICALLY SAY 12 MILLION FOR THE POLICE AND ONE FOR 8 MILLION FOR THE SERVICE CENTER TO MAKE UP THAT TOTAL 20 MILLION. AND THEN ALL THE OTHER MINIMAL THINGS THAT WERE TALKED ABOUT WOULD GO THERE, SO THEY WOULDN'T ACTUALLY BE PART OF THE BOND PROPOSITION. THOSE ARE ALL RECOMMENDATIONS THAT THIS COMMITTEE IS RECOMMENDING FOR COUNCIL TO CONSIDER THROUGH OTHER FUNDING SOURCES. SO THAT'S JUST IN THIS PAGE, 30 THROUGH I THINK, 33 RECOMMENDATION SECTION. SO IF I UNDERSTAND CORRECTLY, IF COUNCIL WANTS TO ADD A PROPOSITION C AND ADD OTHER THINGS, THEY COULD YOUR RECOMMENDATION IN THE DOCUMENT CORRECT. COUNCIL HAS THE ULTIMATE AUTHORITY. THEY COULD AMEND IT. AND THEN YES THEY COULD. THEY COULD CERTAINLY I MEAN ANYTHING'S POSSIBLE. BUT I THINK THAT THEY'RE REALLY LOOKING TO HEAR YOUR RECOMMENDATION. BUT BUT THEORETICALLY THEY COULD SAY YEAH, LET'S MAKE THIS 150 MILLION AND PUT IT ON THE BALLOT. SO AND THEN THEY WOULD GET. BUT THEY FELT THERE WERE SOME OTHER THINGS THAT WE OVERLOOKED AND THAT THEY'RE LIKE, HEY, WE WANT TO DO X, Y, Z PROJECT AS WELL. WE'LL THROW THAT IN THERE. THE VOTERS DECIDED THAT THEY WANT TO CORRECT. I THINK IT'S GREAT TIMING. YEAH. PROPOSITION C WOULD BE SEE YOU LATER. YOU KNOW, THANK YOU FOR PUTTING ALL THAT TOGETHER. YES, ABSOLUTELY. ABSOLUTELY. I THINK IT'S IMPORTANT THAT YOU GUYS HAVE SPENT A LOT OF TIME. AND SO TO REALLY DOCUMENT YOUR EFFORTS, THE PEOPLE FIVE, TEN, 20 YEARS FROM NOW SEE WHAT YOU DID. SO AND I WANT TO TAKE A MOMENT TO PERSONALLY CONVEY MY THANKS TO EACH AND EVERY ONE OF YOU. THIS TAKES TIME AND TIME AWAY FROM OUR FAMILIES, TIME AWAY FROM OTHER IMPORTANT ISSUES IN LIFE THAT WE HAVE TO DEAL WITH. SO THANK YOU ALL VERY MUCH FOR DEDICATING THIS TIME AND DOING THIS WORK. AND PEOPLE WILL ACKNOWLEDGE IT. MAYBE NOT IN THOSE WORDS, BUT FROM THE STANDPOINT THAT THEY WILL TURN TO YOU. OKAY, AND ASK YOU QUESTIONS. SO, SO CERTAINLY FROM THIS POINT FORWARD, OUR JOB IS, I THINK, TO BE THAT AN EDUCATION FOR PEOPLE THAT ARE LOOKING FOR ANSWERS. AND SO AGAIN, THANK YOU FOR WHAT YOU'VE DONE AND THANK YOU FOR WHAT YOU WILL DO AS WE MOVE INTO THE FUTURE. YOU ARE GOING TO MAKE THE PRESENTATION GAUSSIAN, RIGHT? I'M GOING TO LET YOU DO I'M JUST I'M JUST SITTING HERE. I WANT YOU RIGHT THERE WITH ME AND YOU'RE THE BOSS. YEAH, I'M GOING TO DO THAT. YEAH. BECAUSE THAT'S, IT'S GOING TO BE TO TAKE THIS DOCUMENT AND PUT IT INTO POWERPOINT FOR MR. HARVEY WORK.YES. THAT'S NOT ON US. THAT'S I KNOW YOU GOT TO PRESENT IT. OH, WELL YOU GOT TALKING. YEAH.
THAT'S FINE, THAT'S FINE. AND WE'LL BE RIGHT BY YOUR SIDE. THERE YOU GO. THERE YOU GO CHEERING YOU ON. WHEN I MAY ASK A QUESTION EITHER I KNOW I DON'T KNOW. IT'S JUST THAT SIMPLE.
THANK YOU. SO FINE. BE SURE TO LET US KNOW AS SHE'S DONE SUCH A GREAT JOB OF WHEN THAT MEETING IS GOING TO OCCUR. JULY 15TH NEXT CITY COUNCIL MEETING, JULY 15TH. WHAT WILL HAPPEN IS WE'LL DO THE PRESENTATION TO COUNCIL FOR THE JULY 15TH MEETING, AND THEN TECHNICALLY, THEY'LL BE RECEIVING THE PRESENTATION. AND THEN MORE THAN LIKELY, IT WILL BE THEIR FIRST MEETING IN AUGUST, WHERE THEY WOULD ACTUALLY BE A RESOLUTION ON THEIR ORDINANCE. I HAVE TO DOUBLE CHECK ON THAT, WHICHEVER ONE IT IS, FOR THEIR ACTION, BECAUSE WE TRY NOT TO DO IT THE SAME NIGHT. SO IT'LL BE PRESENTATION DATA AND THEN BOTH THE NEXT MEETING. THAT'S A GOOD BECAUSE THEY'LL BE SEEKING INPUT. ON THIS. I SHOULD HAVE DONE THIS EARLIER, BUT NOT THIS HAS TO CALL ME AND SAY THAT SHE WAS UNDER THE WEATHER AND SHE WAS NOT GOING TO BE ABLE TO MAKE IT TONIGHT. SO JUST FOR THE RECORD. OKAY, SO BACK TO ME. THANK YOU. ALL RIGHT. DID
[00:50:11]
EVERYONE GET THEIR QUESTIONS ANSWERED. VERY GOOD. THEN THIS MEETING IS ADJOURNED AT* This transcript was compiled from uncorrected Closed Captioning.