[1. Call Meeting To Order/Roll Call]
[00:00:04]
WELCOME TO THE CITY OF HEBREW HEIGHTS CITY COUNCIL WORK SESSION.
TODAY'S DATE IS MARCH 19TH, 2024.
WE'RE GETTING STARTED AT 6 0 1.
UH, THIS MEETING IS OFFICIALLY CALLED TO ORDER.
SO TONY, IF YOU WOULD CALL TO ROLL, PLEASE.
AND ALTHOUGH THIS IS A WORK SESSION AND NO EXCUSES NEEDED FOR, UH, AN ABSENCE, I JUST LET EVERYBODY KNOW THAT, UH, BRIAN DID SEND AN EMAIL AND LET US KNOW THAT HE WAS, UH, NOT ABLE TO BE IN ATTENDANCE TONIGHT.
SO, UH, SO HE DIDN'T JUST STAND US UP, HE LET US KNOW.
[2. Approval Of Minutes]
TWO, WHICH IS APPROVAL OF MINUTES.AND ITEM TWO A IS THE MINUTES FROM MARCH 5TH, 2024.
ANY QUESTIONS, COMMENTS, CORRECTIONS, ON AND THE MINUTES, IF NOT, THEY WILL STAND.
SEEING NONE, THOSE MINUTES ARE APPROVED.
AND NEXT IS ITEM NUMBER THREE,
[ City Manager Report]
WORK SESSION TOPICS OF DISCUSSION.AND, UH, THIS EVENING, UH, RICK, THE CITY MANAGER, IS, UH, UNDER THE WEATHER AND MR. KOWSKI IS FILLING IN FOR HIM THIS EVENING.
AND, UH, SO WE ARE ALL SET TO GO, BRIAN.
APPRECIATE, UH, THE OPPORTUNITY TO, UH, TO BE BACK UP ON THE DIOCESE ONE MORE TIME.
UH, ONE, WANNA LET FOLKS KNOW THAT, UH, INITIAL SITE WORK BEGINS THIS WEEK.
UH, FOR THE NEW DPW FACILITY, TREES NEED TO BE FILLED, UH, BETWEEN NOW AND THE END OF THE MONTH IN ADVANCE OF THE INDIANA BROWN BAT SEASON.
UH, BIDS FOR CONSTRUCTION OF THE NEW FACILITY WILL BE RECEIVED NEXT WEEK, UH, AT 1:00 PM ON MARCH 26TH.
UH, DESPITE TODAY'S COOLER TEMPS, THE CITY'S BEGUN PREPARING FOR SUMMER.
UH, A NEW SAND FILTER AND MULTI-PORT PUMP WERE INSTALLED AT THE SPLASH PAD.
UH, AND, UH, WE HAVE PAINTING SCHEDULED FOR, UH, THE NEXT FEW WEEKS OUT WHEN THE WEATHER WARMS. UH, STAFF IS ALSO PREPARING TO SOLICIT FIRMS REGARDING THE CONSTRUCTION OF A NEW SPLASH PAD AT TOM CLOUD, UH, TO REPLACE THE CURRENT SPLASH PAD, WHICH IS NEARING THE END OF ITS USEFUL LIFE.
UH, AS COUNCIL IS AWARE, THE CITY, UH, HAS BEEN WORKING TO RELOCATE ITS YARD WASTE SITE FROM WILDCAT ROAD TO PROPERTY.
IT OWNS ON OLD TROY PIKE IN ADVANCE OF THE FALL 2024 LEAF SEASON.
UH, HOWEVER, DUE TO ACCESS AND TOPOGRAPHY ISSUES, UH, THE OLD TROY SITE, UH, WILL NOT WORK FOR THE CITY'S NEEDS AND STAFF IS NOW PREPARING A PORTION OF THE CITY OWNED LAND ON RIP WRAP.
UH, FOR THE PURPOSE OF BECOMING THE NEW YARD WASTE, UH, LOCATION.
OUR TARGET TIME FOR COMPLETION REMAINS THE SAME, UH, THE FALL OF THIS YEAR.
UH, AND THEN LAST BUT NOT LEAST, I WANNA LET FOLKS KNOW THAT WE HAVE RECEIVED NOTICE FROM A A RP THAT THE CITY OF HUBER HEIGHTS IS NOW CERTIFIED AS A MEMBER OF THE A A RP NETWORK OF AGE FRIENDLY STATE AND COMMUNITIES.
THAT'S ALL I HAVE FOR COUNSEL, SIR, UNLESS COUNSEL HAS ANYTHING FOR ME.
UH, BRIAN, UNLESS I DIDN'T HEAR YOU.
UM, THE YARD WASTE WILL OPEN HERE SOON FOR, UM, CLIPPINGS AND STUFF LIKE THAT.
WILL THAT BE AT THE EXISTING? CORRECT.
SO WE WILL CONTINUE TO OPERATE OUR FACILITY ON WILDCAT ROAD UNTIL THE FALL.
UH, AND THEN OUR TARGET IS TO TRANSITION, UH, AT FALL TO THE NEW LOCATION DOWN ON RIPRAP ROAD.
SO, FOR ALL INTENTS AND PURPOSES, FOR THE UPCOMING SPRING AND SUMMER SEASONS, UH, RESIDENTS SHOULD CONTINUE TO UTILIZE THE LOCATION ON, UH, WILDCAT ROAD.
WILL THERE BE A SIGN, LIKE MID-SEASON SAYING, STARTING IN 2025, NEW DIRECTIONS AND THAT AFFORDING SIGN MAILING ADDRESS, LIKE A SIGN TO SAY, STARTING IN 2025, START GOING HERE DURING NEW LOCATION? YES.
WE'LL, UH, WE'LL MAKE APPROPRIATE NOTICE TO THE COMMUNITY WHEN WE'RE READY TO BEGIN UTILIZING THE NEW SITE.
ANYTHING ELSE? ANY OTHER QUESTIONS FOR BRIAN? OKAY.
[ Special Legal Counsel - Labor Matters - Zashin & Rich]
B, WHICH IS SPECIAL LEGAL COUNSEL FOR LABOR MATTERS FOR AND RICH BRIAN.UH, THIS PARTICULAR LEGISLATION, UM, COUNCIL IS BEING ASKED TO ADOPT, UH, NEXT WEEK.
UH, THIS, UH, LEGISLATION, UH, AFFIRMS THE CITY'S COMMITMENT TO USE SASH AND RICH, UH, SPECIFICALLY JONATHAN DOWNS, UH, TO REPRESENT THE KID, UH, THE, TO REPRESENT THE CITY ON ALL MATTERS LABOR RELATED.
UH, AND AS I STATED, UH, STAFF WOULD ASK THAT COUNCIL ADOPT THIS MATTER ON MONDAY.
AND JUST FOR CLARIFICATION, THIS IS SPECIFICALLY RELATED TO ANY LABOR RELATED ISSUES, NOT GENERAL LAW DIRECTOR INFORMATION? UH, THAT IS CORRECT.
THIS IS, UH, SPECIFIC TO LABOR AND SASHEN AND RICH DOES CURRENTLY REPRESENT US ON MATTERS RELATED TO COLLECTIVE BARGAINING.
ANY QUESTIONS, ANY OBJECTIONS TO MOVING THIS ON TO MONDAY? OKAY.
[ City Debt And TIF Update Presentation]
C, WHICH IS A CITY DEBT AND TIFF UPDATE PRESENTATION.JIM, UH, GOOD EVENING, MAYOR AND COUNCIL MEMBERS.
UH, I HAVE INVITED OUR MUNICIPAL ADVISOR, ANDY, WHO YOU'VE, UH, HE'S MADE, UH, SEVERAL PRESENTATIONS, UH, BEFORE, UH, MOST RECENTLY OUR, UH, BIG DEBT ISSUE
[00:05:01]
IN NOVEMBER.AND SO I, UH, HAD A REQUEST, I BELIEVE IT WAS, UH, FROM YOU MAYOR GORE TO, UM, UH, UPDATE OUR, UH, DEBT SITUATION, ESPECIALLY, UH, FOR THOSE NEW COUNCIL MEMBERS MM-HMM.
SO THEY COULD, UH, UH, UNDERSTAND AND SEE THE COMPLETE WHOLE PICTURE.
AND SO, MR. BROKAR WAS KIND ENOUGH TO, UH, MAKE TIME IN HIS SCHEDULE TO COME UP HERE FROM CINCINNATI AND, UH, PRESENT TONIGHT.
SO, GOTTA DO THE SWITCH ON THE SIDE.
AND I JUST WANNA SAY THANKS FOR BEING HERE.
UM, YOU, I, I DO THINK THAT IT WAS IMPORTANT THAT WE KIND OF GO OVER THIS AGAIN.
I KNOW, UH, THERE'S SOME, YOU KNOW, NEW MEMBERS OF COUNCIL NOW THAT DIDN'T HAVE THE BENEFIT OF YOUR PRESENTATION A FEW YEARS AGO WHERE YOU KIND OF LOOKED AT THE CITY DE WELL, UH, DEBT PERSPECTIVE, UM, AS A WHOLE.
SO I DO APPRECIATE YOU BEING HERE AND KIND OF GOING OVER THIS INFORMATION AGAIN.
AND THEN ANYONE WHO MAY BE WATCHING OR, UH, OR WATCH LATER, UH, ONCE THIS HAS, UH, BEEN, BEEN RECORDED TO WATCH, UH, YOU CAN UNDERSTAND AND SEE WHERE, WHERE WE ARE.
SO THANKS, APPRECIATE UP, HAPPY TO DO SO, HAPPY TO UP ANY TIME AND, AND WALK THROUGH THIS.
HOPEFULLY I DON'T PUT ANYBODY ASLEEP WHO SAW THIS THREE OR FOUR MONTHS AGO.
UM, BUT THERE HASN'T BEEN SOME CHANGES THAT WE'LL WALK THROUGH AND KIND OF HIGHLIGHT BECAUSE, UH, THE MARKET HAS MOVED AROUND A LITTLE BIT.
SO WE'RE GONNA WALK THROUGH SOME PAGES, UH, THAT YOU'VE SEEN BEFORE RELATIVE TO THE INTEREST RATE MARKET, UM, AND WHAT'S BEEN HAPPENING IN THIS CHART IN PARTICULAR BEFORE YOU WITH THE GREEN LINES.
THIS, AGAIN, IS, IS A SNAPSHOT.
WE SORT OF CALL IT OUR, OUR DOW JONES OF THE DAY.
AND SO IT'S AN INDEX OF, UH, 20 BONDS AND, AND WHERE THEY'VE PRICED EVERY DAY.
AND SO THIS GAVE YOU A SORT OF A FEEL FOR WHERE INTEREST RATES ARE AT ON THE LONG TERM SCALE.
UM, AND YOU CAN SEE, YOU KNOW, AS THEY'VE, OVER TIME, GOING BACK TO, UH, 2000 AND THE, THE DIPS AND THE LOWS, SO ON AND SO FORTH.
AND IF YOU WILL, WE'RE SORT OF AT A HEAD AND SHOULDERS, UM, SORT OF CHART, UH, LANGUAGE, UH, TO THE FAR RIGHT.
AND, UH, THE LAST PROBABLY THREE, FOUR MONTHS HAVE BEEN INTERESTING RELATIVE TO THE MARKET IS TRYING TO TAKE DIRECTION AHEAD OF THE FED, THINKING WHERE THEY'RE GONNA MOVE RELATIVE TO INFLATION AND INTEREST RATES IN THE FUTURE.
AND IF, IF YOU FALL ALONG IN THE MARKETPLACE, YOU'VE HEARD A LOT ABOUT TWO RATE CUTS, NOW THEY'RE THINKING MAYBE NO RATE CUTS.
AND IT'S VERY, UH, INFLATION AREA, UH, DRIVEN.
SO EVERY TIME YOU SEE THAT, YOU'RE GONNA SEE THAT THE 10 YEAR TREASURY MOVE UP AND DOWN.
AND HONESTLY, THE 10 YEAR TREASURY HAS BEEN VERY VOLATILE.
UM, AND WE'LL SEE THAT A LITTLE BIT, BUT, UH, OUR MARKET DOES FOLLOW ALONG AND, AND, AND MOVES AHEAD OF THE FED.
UH, EVERY TIME THAT HE SPEAKS, IT'S PRETTY IMPORTANT.
AND OBVIOUSLY THEY'RE SPEAKING THIS WEEK, SO WE'LL, WE'LL SEE WHAT THEY HAVE TO SAY.
BUT, UM, SO THAT'S THE, THE 20 YEAR INDEX AS TO WHERE TAX EXEMPT INTEREST RATES HAVE BEEN GOING BACK OVER THE LAST COUPLE YEARS.
AND, AND IN PARTICULAR THE LAST, UM, TOWARDS THE VERY END THERE.
UM, AGAIN, COMING BACK DOWN, THE NEXT ONE THAT I LIKE TO ALWAYS THROW UP HERE IS WHAT WE CALL THE YIELD CURVE.
AND, UH, THIS ALSO GOES BACK TO 1991, AND THE GRAY BAR REPRESENTS FOR EACH INDIVIDUAL MATURITY THAT GOES OUT BECAUSE WHEN, WHEN YOU PRICE A BOND, EVERY, EVERY MATURITY, EVERY YEAR HAS A, AN INTEREST RATE, A DIFFERENT INTEREST RATE.
AND SO THAT'S WHAT THIS CHART IS REPRESENTING.
IT'S BEEN GOING BACK TO 1991, UH, AND OBVIOUSLY THE LOWEST AS WELL.
UH, THE ORANGE THERE IS THE AVERAGE.
AND SO, YOU KNOW, YOU'VE HEARD A LOT ABOUT THE INFORMATION OUT THERE ABOUT INTEREST RATES AND HOW, HOW THEY'VE GONE UP SO HIGH.
UM, IT'S REALLY BEEN THE FRONT END OF THE CURVE THAT HAS REALLY MOVED UP DRAMATICALLY.
AND, AND I'LL SHOW YOU ANOTHER CHART IN A LITTLE BIT THAT, THAT REALLY EMPHASIZES THAT.
BUT YOU CAN SEE AS OF, UH, MARCH 1ST, WE'RE STILL AT AN INVERTED YIELD CURVE INTO THE EARLY PART OF THE, THE CURVE, UH, WITH INTEREST RATES BEING ELEVATED, TRYING TO, AGAIN, COMBAT INFLATION.
BUT WHAT'S HAPPENED SINCE I LAST MET WITH YOU, WE'VE GOT A LITTLE BIT MORE NORMALCY THERE.
AND SO WE'RE, WE'RE STARTING TO SEE, INSTEAD OF A FLAT LINE ACROSS, WE'RE STARTING TO SEE SOME, SOME CURVE AND SOME NORMALCY TO WHAT A YIELD CURVE SHOULD LOOK LIKE OVER TIME.
BECAUSE THE LONGER RATES, THE INVESTORS OUT THERE LONGER, THEY SHOULD BE COMPENSATED, UM, FOR A HIGHER RATE, GIVEN THEIR RISK, THE LOWER END, UH, IT SHOULD BE THE OPPOSITE.
AND WE HAVEN'T SEEN THAT FOR SEVERAL, AT LEAST IN MY CAREER.
WE HAVEN'T SEEN THIS MUCH OF AN INVERTED CURVE, UH, FOR THIS LONG, LONG PERIOD OF TIME.
UM, BUT RIGHT NOW, I, YOU KNOW, I THINK, UH, A LOT OF THE MARKETS STARTING TO THINK THAT THE INTEREST RATES MAY STAY WHERE THEY'RE AT FOR THE REST OF THE YEAR.
UM, SO THE NEXT CHART, THE GOOD NEWS FOR YOU, AND THIS IS A CHART ON YOUR, UM, BASICALLY YOUR REINVESTMENT RATES, US TREASURIES, UM,
UH, AND SO, UH, THE VERY FRONT END, THE FIRST FOUR OR FIVE BARS, THERE ARE PROBABLY THE AREA THAT, AND I HAVEN'T TALKED TO JIM, BUT PROBABLY THE AREA THAT HE'S BEEN INVESTING IN A LOT LATELY, BECAUSE, UM,
[00:10:01]
YOU KNOW, FOLKS ARE THINKING THAT IF FREIGHTS DO COME BACK DOWN, THEY WANT TO BE POSITIONED AND HAVE SOME INVESTMENTS OUT THERE THAT ARE LOCKED IN.UM, SO THAT, THAT HAS BEEN A, A NICE BENEFIT.
AND YOU CAN SEE THAT COMPARED TO THE AVERAGE, YOU KNOW, UH, RIGHT NOW IS THE TIME TO LOCK IN THOSE INVESTMENTS AND, AND, AND TAKE A LOOK AT THAT WITH YOUR ADVISORS.
SO THAT'S THE, THAT'S PROBABLY THE POSITIVE SIDE OF ALL ALL THIS VOLATILITY IS YOU'VE BEEN ABLE TO MAKE SOME EXTRA MONEY THAT YOU HAVEN'T SEEN TYPICALLY IN YOUR BUDGET WE HAVEN'T SEEN.
UM, YOU KNOW, A TERM WE TALK ABOUT SOMETIMES WHEN WE BORROW MONEY, UH, IS, UM, POSITIVE ARBITRAGE WHEN YOU'RE ABLE TO BORROW AT TAX EXEMPT YIELDS THAT ARE LOWER AND WHILE YOU'RE DOING YOUR PROJECT, REINVEST THEM AT A TAXABLE RATE, IT'S HIGHER THAN WHAT YOUR BORROWING RATE WAS.
AND SO THAT'S, UH, A LITTLE BIT OF A BENEFIT OF WHAT WE'VE SEEN HERE, UH, RECENTLY.
THERE'S SOME FUN IRS RULES WITH THAT TOO, WE WON'T GET INTO, BUT
UM, THE NEXT CHART HERE IS, UH, THE ONE YEAR NOTE RATE.
AND, AND YOU'VE ISSUED ONE YEAR NOTES A LOT IN THE PAST.
UH, AND YOU CAN SEE THE VOLATILITY, UH, THAT WE'VE SEEN.
UH, AND AGAIN, THIS IS ALL TRYING TO COMBAT INFLATION, THE VERY FRONT END OF THE YIELD CURVE, UM, WHERE WE WERE AT ISSUING NOTES FOR 30 BASIS POINTS AND SURPRISE THE NEXT YEAR WE WERE UP TO 3%.
UM, THE GOOD NEWS IS THE STRATEGY, IF YOU RECALL, OF OUR NOTE ISSUE BACK, UM, IN NOVEMBER OF LAST YEAR, WAS TO STAY SHORT ON THE CURVE BECAUSE OF THE EXPECTATION OF RATES NORMALIZING AND COMING BACK DOWN.
WELL, THAT STRATEGY HAS WORKED OUT VERY, VERY WELL FOR THE CITY TO THIS POINT.
UH, WE'LL READDRESS THAT AGAIN, PROBABLY, UM, COMING OF SEPTEMBER AS WE LOOK AT THE FINANCING OPTIONS RELATIVE TO THAT RENEWAL, BECAUSE THAT NOTE WILL COME DUE AND WE'LL HAVE TO MAKE A DECISION TO EITHER RENEW THAT FOR ANOTHER YEAR OR MOVE INTO FIXED RATE LONG-TERM BONDS.
AND SO, UM, TOO EARLY TO SEE WHAT WE HAVE GOING ON AT THIS POINT IN TIME.
BUT WE'LL MAKE THAT DECISION AS WE GET CLOSER.
UH, BUT AGAIN, THE GOOD NEWS IS THAT RATES HAVE COME BACK DOWN ON THE FRONT END AT THE HIGH, UM, BOTH ON THE TAX EXEMPT AND THE, AND THE TAX POOR RATES.
THAT IS A QUICK SNAPSHOT OF THE MARKET AND SORT OF ALL THE DIFFERENT TOUCH POINTS THAT YOU HAVE RELATIVE TO EITHER BORROWING OR INVESTING THAT, UH, TO GIVE YOU AN UPDATE AS TO WORD THE MARKET STANDS BEFORE I MOVE INTO CREDIT RATINGS.
UM, ANY QUESTIONS RELATIVE TO THE MARKET? NO, I THINK WE'RE GOOD.
SO OUR NEXT CHART YOU'VE SEEN BEFORE AS WELL, UM, TO THOSE THAT ARE NEW TO, UH, THE CITY AND THE RATINGS, THERE ARE, UM, THREE MAJOR RATING AGENCIES THAT THE, THE MARKET LOOKS AT AND RESPECTS RELATIVE TO, UH, GRADING YOUR DEBT AND THE QUALITY OF YOUR DEBT.
UH, THOSE ARE MOODY'S STANDARD EMPLOYERS AND FITCH RATINGS.
UH, WE HAVE USED, UM, DIFFERENT RATING AGENCIES FOR VARIOUS REASONS BECAUSE OF THEIR VIEWPOINT RELATIVE TO, TO OHIO AND CERTAIN CREDIT, UH, ASPECTS.
UH, BUT THOSE ARE THE THREE RATINGS, UH, YOU CAN SEE UP ABOVE.
UM, AND IN TERMS OF YOUR GENERAL OBLIGATION RATING, UH, MOODY'S HAS US AT A DOUBLE A THREE.
UH, THE, THE, AND AT A AND A DOUBLE A MINUS AS WELL.
UM, THE WATER RATING IS A ONE INCOME TAX RATING IS A ONE.
UH, AND AGAIN, THE WATER RATING AA, UH, MINUS.
SO, UM, THOSE RATINGS IN GENERAL ARE, ARE VERY GOOD RATINGS FOR A MUNICIPALITY.
UM, THERE ARE ARE SOME CERTAIN ASPECTS WHEN, UM, ON A DAY, ON A YEARLY BASIS, THEY, THEY COULD CALL YOU AT ANY TIME AND, AND HAVE A CONVERSATION AND WITH JIM AND SAY, HEY, WE WANT TO DIG INTO SOME OF THESE ASPECTS AND WHERE THINGS ARE GOING WITH YOUR COMMUNITY.
UM, THEY'VE GOTTEN A LOT MORE AGGRESSIVE WITH, WITH, UH, THE REVIEWS.
I WOULD SAY, UH, IN THAT WHEN THEY SEE DETERIORATION IN, IN FUND BALANCE, UH, FROM ONE YEAR TO THE NEXT, THEY'RE GOING TO HAVE A CONVERSATION ABOUT WHY.
UM, SO IF IT'S A, YOU KNOW, ONE TIME DRAW DOWN FOR A CAPITAL PROJECT, THAT'S A LOT DIFFERENT THAN A DRAW DOWN ON AN ANNUAL BASIS OVER AND OVER AGAIN RELATIVE TO SALARIES OR WAGES OR ONGOING EXPENSES, THAT'S A RED FLAG FOR THEM.
UM, SO, UM, YOU KNOW, WHEN IT COMES TO MUNICIPALITIES AS COMPARED TO TOWNSHIPS, UM, OR EVEN COUNTIES, YOU, YOU'RE SIMILAR TO HILL COUNTY AND THE FACT THAT YOU HAVE YOUR MAIN REVENUE SOURCE IS VERY VOLATILE.
AND, AND SO THEY WOULD LIKE TO SEE HIGHER FUND BALANCES TO PROTECT, UM, YOU KNOW, DOWNTURNS IN THE ECONOMY WHERE THOSE REVENUES MIGHT DROP SIGNIFICANTLY AND WANNA SEE YOU GET THROUGH THAT OVER A PERIOD OF TIME.
UM, AND THE CITY HAS, YOU KNOW, DONE A GOOD JOB COMING BACK, YOU KNOW, OUT OF A PERIOD THAT WAS A LITTLE BIT LOWER.
AND, AND BUILDING THAT BACK UP TO IMPROVE YOUR CREDIT QUALITY.
THE REASON WHY THIS IS IMPORTANT IS THAT WHEN WE GO OUT TO THE MARKET, UH, THE INVESTORS LOOK AT THIS AND SAY, OKAY, I'M WILLING TO, UM, GIVE YOU A CERTAIN INTEREST RATE BASED UPON THIS CREDIT RATING THAT, UH, THAT THEY ASSIGN TO YOU.
AND SO IT'S, WE WE'RE ALWAYS TRYING TO MAKE SURE THAT THAT IS STRONG.
UM, THERE ARE SOME ASPECTS THAT YOU
[00:15:01]
AS AN ORGANIZATION CAN CONTROL.I MENTIONED ONE FUND BALANCE, THE OTHER ONE ARE SOME POLICIES THAT, THAT, THAT COULD BE IN PLACE RELATIVE TO FUND BALANCE OR DEBT POLICIES, THOSE TYPES OF THINGS.
THINGS THAT YOU HAVE A HARD TIME CONTROLLING THAT ARE REALLY A LONGER PERIOD OF TIME MIGHT BE, UM, INCOME LEVELS OF THE COMMUNITY, UM, YOU KNOW, VALUATION LEVELS OF THE COMMUNITY.
THOSE TYPES OF THINGS ARE, ARE TOUGH TO TURN AROUND QUICKLY AS COMPARED TO A FUND BALANCE.
PROBABLY YOU CAN GET THAT FASTER AND MORE QUICKLY DONE.
SO, UM, THE OTHER ONE THAT'S A, A BIG PROBLEM THAT, UM, HAS COME BACK TO OHIO AND IT'S, UH, I THINK EVERY CALL I'M ON WITH THE FINANCE DIRECTOR, TREASURER, WHOEVER THEY ARGUE THIS FACT, UH, IS PENSIONS.
UM, AND THE PENSION LIABILITY HAS BEEN A BIG FOCUS OF THE RATING AGENCIES OVER THE LAST, UH, PROBABLY FIVE TO EIGHT YEARS.
UM, OHIO IS UNIQUE IN THAT YOU DO NOT HAVE A DIRECT LIABILITY TO PAY YOUR BALANCE.
UH, AND THAT'S CALCULATED DIFFERENTLY FROM THE STATE COMPARED TO THE RATING AGENCIES.
UH, THEY USE BOTH DIFFERENT, YOU KNOW, FACTORING RATES TO, TO GET BACK TO THEIR, THEIR NUMBER.
UM, BUT THEY WANTED TO DO THIS TO COMPARE COMMUNITIES ACROSS THE COUNTRY EVENLY.
AND SO, FOR EXAMPLE, UM, MARYLAND, UH, YOU KNOW, IF YOUR NUMBER IS $45 MILLION, THE STATE CAME TO COMMUNITIES OF MARYLAND AND SAID, YOU OWE US $45 MILLION TO FIX THIS ISSUE.
AND SO, UH, HERE THAT'S A LITTLE BIT DIFFERENT.
WE'RE NOT REQUIRED TO DO THAT AS A COMMUNITY, BUT YOU DO HAVE TO REPORT IT, AND IT DOES GO INTO YOUR RATING, UM, FACTOR.
SO AS THE MARKET DOES BETTER AND YOU SEE THIS MOVE AROUND THAT WILL IMPACT YOUR DEBT, UM, YOU KNOW, OVERALL DEBT, UM, IMPACTS OF THE SCORECARD.
UM, NOT MUCH WE CAN DO ABOUT THAT.
HOPEFULLY, YOU KNOW, OVER TIME THEY, THEY GET THAT BACK IN LINE, BUT, UH, OHIO ISN'T ONE OF THE WORST STATES, BUT, UH, IT DOES IMPACT YOUR CREDIT RATING.
ANDY, I JUST WANTED TO ADD ONE THING.
UM, UH, COUNCIL MAY REMEMBER BACK IN NOVEMBER, I SAID, UH, WELL, AS WE WERE GOING THROUGH 23, AND WE HAVE A LOT OF PROJECTS GOING ON RIGHT NOW THAT I'M ABLE TO, UH, ADVANCE MONIES TEMPORARILY FROM THE GENERAL FUND INTO LIKE THE CAPITAL FUND TO, TO DO PROJECT.
BUT, UM, THEN WE WANTED TO DO A NOTE ISSUE BY THE END OF THE YEAR SO WE CAN BACK THOSE DOLLARS INTO THE GENERAL FUND BECAUSE IF THE GENERAL FUND SHOWS MY MICROPHONE KEEPS CUTTING OUT, SWITCH THE, UM, OKAY.
SO, UM, THE KEY IN, IN DOING THOSE NOTES IN NOVEMBER WAS TO REPLENISH THE GENERAL FUND.
SO THE RATING AGENCIES DON'T SEE A DIP IN THAT GENERAL FUND BALANCE AS OF THE END OF THE YEAR.
SO THAT'S WHY I, I TYPICALLY DON'T LIKE TO DO NOTE ISSUES AT THE END OF THE YEAR.
WE'D RATHER DO IT MORE TOWARDS SEPTEMBER, OCTOBER.
BUT, UH, THE WAY EVERYTHING CAME TOGETHER, THAT'S JUST HOW WE HANDLED IT.
AND, UH, WE'RE ALREADY, UM, WE'VE HAD ONE PROJECT ALREADY THIS YEAR WHERE WE ADVANCED MONEY FROM THE GENERAL FUND TO, UH, COVER $2 MILLION EXPENSE THAT WE'LL HAVE TO BE ADDED TO THE NOTES THAT'LL BE, UM, COMING FOR RENEWAL IN NOVEMBER.
SO, UM, THAT, THAT'S VERY KEY THAT WE DON'T SEE A, A ONE OR $2 MILLION DROP IN THE GENERAL FUND, UH, EACH YEAR.
'CAUSE THAT WILL GENERATE A CALL FROM MOODY'S OR STANDARD.
AND POS, WE'VE KIND OF BEEN MOVING MORE TOWARDS STANDARD AND POS WITH OUR, UH, MORE RECENT RATINGS BECAUSE MOODY'S TENDS TO PUT MORE HEAVILY EMPHASIS ON THE, UM, ON THE PENSION, UH, THAT HE JUST TALKED ABOUT.
AND, AND, UM, IT'S JUST UNFORTUNATE BECAUSE, UH, WE PAY OUR PENSION OBLIGATIONS EVERY SINGLE MONTH.
AND, UM, SO WE ARE FULLY FUNDING THAT, UM, THAT OBLIGATION.
AND, BUT YET THEY LOOK AT IT AS SOMETHING THAT WE STILL OWE WHEN REALLY IT'S THE PENSION, UM, THAT, THAT OWES, UH, TO ALL THOSE, UH, RETIREES.
WELL, CAN I ASK A QUESTION? YES.
SINCE, SINCE THE PENSION AREA IS SO SENSITIVE, UM, YOU KNOW, WE WE'RE GROWING A LOT, WE'RE EXPANDING OUR STAFF, INCREASING THE PENSION FUND, EVERYTHING IS JUST, HOW DOES THAT IMPACT, UM, THAT RATING? WELL, IF YOU'RE ABLE TO, TO GROW YOUR, YOUR, YOUR, YOUR TOP LINE AND, AND IF YOUR TOP LINE'S MOVING, YOU KNOW, IN CONJUNCTION WITH YOUR INCREASED NEED OF STAFFING MM-HMM.
OKAY? IF, IF YOUR TOP LINE, YOU KNOW, INCOME TAXES MAINLY THOSE TYPES OF THINGS WEREN'T GROWING AND KEEPING UP WITH YOUR, YOUR NEEDS DOWN BELOW, THAT'S GOOD.
YOU KNOW, THEN YOU'RE, WHAT'S GONNA HAPPEN IS EITHER YOU START CUTTING BACK ON YOUR CAPITAL NEEDS, THINGS OF THAT NATURE, AND, AND THAT STARTS TO CATCH UP TO YOU.
UH, YOU KNOW, AND SO DIP INTO THE FUND BALANCE FOR OPERATING IS NEVER A GOOD, YOU KNOW, FIVE YEAR FORECASTING MODEL TO SEE MM-HMM,
UM, BUT AGAIN, IF YOU'RE, IF YOU'VE GOT TOP LINE GROWTH,
[00:20:01]
YOU'RE, YOU'RE GONNA BE OKAY.YES, BRETT, UH, THANK YOU MAYOR.
THIS MIGHT BE FOR JIM MORE THAN ANYONE ELSE.
FIRST OFF, A COMMENT AND COMPLIMENT, THANK YOU VERY MUCH FOR MAINTAINING OUR HIGH QUALITY DEBT RATE, UH, DEBT QUALITY AND MANAGING THE FUNDS OF THE, UH, CITY.
WITH THAT, I WANTED TO FIND OUT, DO WE HAVE, AND I KNOW SOME ORGANIZATIONS THAT I'VE WORKED WITH HAVE, UM, AND YOU'VE MENTIONED TAKEN SOME ACTIONS.
DO WE HAVE AN INVESTMENT POLICY FOR THE CITY WHERE WE DON'T HAVE TO MAKE THOSE DECISIONS IN, IN, IN, IN THE MOMENT, RATHER TO PLAN SOME OF THOSE THINGS OUT? YES, WE HAVE AN APPROVED INVESTMENT POLICY.
I THINK THE LAST UPDATE TO IT WAS 2019.
AND, UH, I HAVE AN INVESTMENT ADVISOR THAT I WORK WITH.
UM, WE TALK ABOUT, UM, ONCE AGAIN, THE MARKET AND WHERE THE BEST PLACE TO GO RIGHT NOW.
IT'S KIND OF A BARBELL APPROACH CURRENTLY BECAUSE THERE'S, UM, LIKE STAR OHIO, THE STATE INVESTMENT POOL IS, UM, UH, OVER 5% RIGHT NOW.
SO THAT'S A GOOD INVESTMENT WITH ALL OF OUR CAPITAL PROJECTS IN THE NOTE PROCEEDS THAT CAME IN IN NOVEMBER, WE'RE EARNING OVER 5% ON THAT, UH, UNTIL THOSE FUNDS GETS USED.
AND YET I'M ALSO TRYING, AS ANDY POINTED OUT, I'M ALSO TRYING TO PUT SOME OF OUR INVESTMENTS OUT LONG TERM BECAUSE, UH, THE FOUR AND FIVE YEAR, UH, WE CAN GO A MAXIMUM OF FIVE YEARS ON INVESTING CITY AVAILABLE FUNDS THAT, UH, CURRENTLY ARE AVAILABLE BALANCES.
UM, I'M INVESTING SOME OF THAT OUT FOUR AND FIVE YEARS BECAUSE THIS IS, UM, HISTORICALLY A VERY GOOD RATE, UH, RIGHT NOW RUNNING BETWEEN, UH, FOUR AND 5% ON LONG TERM.
SO IT'S, IT'S KIND OF A COMBINATION OF THE TWO.
UH, SO THAT WAY WE CAN MAKE THE, THE BEST, UH, AMOUNT OF INTEREST POSSIBLE FOR THE CITY FOR THE TAXPAYER DOLLARS.
ANDY, DO YOU HAVE AN OPINION AS TO, UM, UM, HOW OUR RATINGS STACK UP AGAINST, UH, OTHER MUNICIPALITIES, LET'S SAY IN THE REGION? YOU KNOW, UM, THE DIFFERENCE THAT I'VE SEEN, AND WE WORK WITH A LOT OF COMMUNITIES IN THE DAYTON REGION IN, IN COLUMBUS AND CINCINNATI REGION.
UM, YOU KNOW, YOU'VE DONE A LOT OF PROJECTS.
UM, AND SO, YOU KNOW, IN, IN TERMS OF A VIEW OF A DEBT LOAD, WHEN YOU LOOK AT IT AT THE SURFACE, IT, IT LOOKS LIKE A HIGH DEBT LOAD WHEN YOU REALLY DRILL DOWN ON THAT.
AND WE'RE GONNA TALK ABOUT A LITTLE BIT OF THAT.
AND FOR SOME THE FOLKS WHO ARE NEW, UM, THE, IT'S REALLY, YOU KNOW, YOU COULD HAVE A GENERAL OBLIGATION BOND ISSUE, BUT IF YOU'VE GOT A DEDICATED REVENUE SOURCE TO PAY IT, THAT'S A, AN EXTREMELY BENEFICIAL, UM, THING TO THE CITY.
AND SO, LIKE THAT'S HOW I MENTIONED, IF YOU LOOK AT IT AT JUST 10,000 FOOT LEVEL, THEY MIGHT SAY, OH, YOU GOT A LOT OF DEBT WHEN YOU START LOOKING INTO WHERE THE REPAYMENT ISS COMING FROM.
COMPLETELY DIFFERENT STORY IN THE WAY THIS WAS VERY, YOU KNOW, LOGICALLY THOUGHT OUT AS TO HOW THIS WAS GONNA BE ISSUED.
AND WE'RE GONNA TALK ABOUT CAPACITY IN A MINUTE TOO.
UM, YOU KNOW, YOU'VE UTILIZED YOUR GENERAL OBLIGATION CAPACITY TO, TO KEEP THE RATES DOWN AS LOW AS POSSIBLE ON SOME OF THESE PROJECTS.
SO, UM, YOU KNOW, IN TERMS OF THE RATING OVERALL THOUGH, I MEAN, THESE RATINGS, UM, YOU KNOW, ARE, ARE VERY GOOD, ESPECIALLY WHEN YOU, WHEN YOU GET TO THAT DOUBLE, WHAT THEY CALL THE DOUBLE A LEVEL, THE HIGH QUALITY SECTION THERE.
UM, AND, AND, AND SOMETIMES IT DOESN'T MATTER WHAT YOU DO BECAUSE YOUR POPULATION OR YOUR ASSESSED VALUATION, YOU'RE NOT GONNA MOVE UP.
AND, AND, AND WE GET A LOT OF COMMUNITIES THAT GET FRUSTRATED ABOUT THAT.
UM, IT DOESN'T MAKE SENSE FOR YOU TO GROW YOUR GENERAL FUND BY 10, 15 MORE MILLION DOLLARS JUST TO TRY TO GET AN UPGRADE TO THE AA TWO LEVEL.
TO ME, IT'S NOT GOOD OF A GOOD USE OF YOUR MONEY.
SO, UH, YEAH, I KNOW IT WAS A LONG-WINDED CONVERS, YOU KNOW, ANSWER, BUT I THINK THAT, THAT YOU'RE RATING IT COMPARED TO A LOT OF COMMUNITIES AROUND IS VERY SOLID.
AND ANDY, YOU MIGHT REMEMBER WE WERE AT AA TWO LEVEL THAT'S CORRECT.
BEFORE THEY STARTED PUTTING SO MUCH EMPHASIS ON THE PENSION LIABILITY.
WHICH IS VERY UNFORTUNATE, AND I'M GLAD YOU BROUGHT THAT UP.
'CAUSE THERE WAS A LOT OF COMMUNITIES ACROSS, YOU KNOW, SCHOOL DISTRICTS, YOU NAME IT, THEY GOT DOWNGRADED JUST BECAUSE THE PENSION, YOU KNOW, CALCULATION CAME IN AND ADJUSTED HOW THEIR VIEWPOINT WAS.
UH, IN TERMS OF ANOTHER, YOU KNOW, YOU COULD, YOU COULD BE MANAGING THE COMMUNITY GREAT, AND THEY MIGHT CHANGE THEIR METHODOLOGY AND YOU'RE GONNA GET DOWNGRADED OR EVEN UPGRADED.
BUT LATELY IT'S BEEN DOWNGRADED BECAUSE OF THEIR VIEWPOINT AND HOW THEY'RE LOOKING AT THE, THE CREDITS AND ON THE ANNUAL REPORTS THAT WE GET FROM MOODY'S, UM, WE ARE AT A STRONG A A THREE.
SO, UM, UH, THERE ARE STRONG, STABLE, OR, UH, A WEAK, UM, AS, AS THEY'LL MAKE COMMENTS ON, AND THEY'VE ALWAYS SAID THAT WE'RE A STRONG A THREE, SO WE'RE ON THE CUSP OF POTENTIALLY MOVING TO AA TWO.
CAN I, YES, JIM, YOU'VE DONE A PHENOMENAL JOB THE WHOLE TIME YOU HAD BEEN HERE, UM, AND TAKING CARE OF OUR FINANCES AND, AND ANDY HAS BEEN A, A PARTNER IN THAT.
[00:25:01]
MENTIONED THAT YOUR INVESTMENT, UH, STRATEGY GOES BACK TO 2019.IF YOU WERE TO ONE DAY SAY, OKAY, I'VE HAD ENOUGH, I'M LEAVING, IS THAT, IS THAT STRATEGY CLEAR ENOUGH TO SOMEBODY THAT WOULD STEP IN, UH, TO BE ABLE TO FOLLOW THE FRAMEWORK THAT, UH, THAT YOU'VE GOT ESTABLISHED THERE? YES.
AND, AND, UM, I DO REVIEW THE INVESTMENT POLICY EACH YEAR TO DETERMINE IF IT NEEDS TO COME BACK TO COUNCIL AND, AND ADD ADDITIONAL OPTIONS.
IT'S, YOU KNOW, THERE'S NOT A LOT OF VARIETY THAT I CAN, UH, UM, UH, THAT I'M ALLOWED TO INVEST IN FOR, BECAUSE WE GOTTA KEEP THE, UH, SAFETY AS THE MOST IMPORTANT, UH, FUNCTION, YOU KNOW, UM, THE, UM, WE ALWAYS CALL IT SLY SAFETY, LIQUIDITY, AND YIELD.
SO OBVIOUSLY YIELD GOING AFTER YIELD IS NOT THE MOST IMPORTANT THING.
KEEPING THE TAX DOLLARS SAFE IS ABSOLUTELY THE MOST IMPORTANT.
AND THEN LIQUIDITY IS SECOND MOST IMPORTANT BECAUSE, FOR INSTANCE, AS I SAID, I'M KEEPING ABOUT, UH, $10 MILLION LIQUID RIGHT NOW FOR, UH, PROJECTS THAT WE'VE GOT GOING ON.
AND, UM, AND I KEEP IN TOUCH WITH THE DEPARTMENT HEADS THAT ARE RUNNING THOSE PROJECTS TO MAKE SURE THAT I SEE, UM, SCHEDULES AS TO HOW THEY'RE, UH, THE BIG PROJECTS THAT ARE SAY, UH, $2 MILLION OR MORE, HOW MUCH MONEY IS NEEDED EACH MONTH.
SO THAT WAY I KEEP THAT MONEY INVESTED TO THE BEST INTEREST RATE POSSIBLE, BUT YET STILL ALLOW THAT MONEY TO COME IN AND BE AVAILABLE TO PAY THOSE BILLS.
SO I JUST, I DON'T WANT ANYTHING TO GET LOST IN TRANSLATION BECAUSE WHAT WE'VE BEEN TALKING ABOUT WITH THESE PENSIONS IS A REALLY STRONG POINT FOR, FOR PEOPLE WHO ARE LISTENING AND WATCHING WHO KIND OF, WHO DON'T UNDERSTAND HOW THAT WORKS.
SO I JUST WANNA KIND OF GO, JUST TOUCH ON THAT AGAIN BRIEFLY.
SO WE HAVE LOTS OF EMPLOYEES, OBVIOUSLY, THAT HAVE PENSION, THEY HAVE A PENSION PROGRAM, AND WE PAY MONEY BASICALLY EVERY TIME THEY GET PAID INTO THEIR PENSION.
SO WE'RE PAYING THAT MONEY INTO A PENSION SYSTEM.
SO AS JIM HAD SAID, THE PENSION SYSTEM IS ACTUALLY WHO OWES THAT MONEY TO, SORRY ABOUT, TO THE ACTUAL EMPLOYEES WHEN THEY RETIRE.
IT'S NOT A SITUATION WHERE IF WE HAVE A 50, IF WE HAVE $50 MILLION IN THE, IN THE PENSION SYSTEM FOR ALL OF OUR EMPLOYEES, WE DON'T OWE THAT $50 MILLION.
BUT THE CREDIT RATINGS, THE WAY IT'S LOOKED AT IS BASED LIKE WE DO OWE THAT $50 MILLION.
SO FROM THAT PERSPECTIVE, AS PEOPLE RETIRE, THE PENSION SYSTEM IS PAYING THEIR PENSION.
WE'RE PAYING THAT PENSION OBLIGATION ON A BIWEEKLY BASIS AS EVERYBODY GETS PAID.
SO OUR PENSION SYSTEM IS FULLY FUNDED AT THE CITY LEVEL.
WE DON'T OWE THAT MONEY ANYMORE ONCE THOSE PENSION PAYMENTS ARE MADE.
IT'S THE PENSION SYSTEM S OR WHOEVER THAT IS, THAT, THAT ACTUALLY THEN OWES THAT MONEY AT THAT POINT.
SO I JUST WANNA MAKE SURE THAT WE DIDN'T LOSE ANY OF THAT OR THOSE FACTS IN THE TRANSLATION OF HOW THE PENSION SYSTEM IS FUNDED, WHERE OUR PENSION SYSTEM PAYMENTS ARE MADE, AND THEN WHO ACTUALLY OWES THAT MONEY.
AND ONCE WE PAY IT, IT'S NOT OUR DEBT ANYMORE, BUT FOR CREDIT RATING PURPOSES, IT'S VIEWED LIKE IT IS OUR DEBT, EVEN THOUGH IT'S NOT.
AND ONE FINAL POINT TO THAT, IT'S A MANDATED AMOUNT OR PERCENTAGE, YOU DON'T HAVE A CHOICE, RIGHT? SO IT'S, YEAH, BUT YOU, YOU'VE BEEN MAKING 'EM ON TIME, AND THAT'S ONE OF THE THINGS THAT THEY LOOK AT WHEN THEY LOOK AT THE CREDIT RATING.
SO IT, IT DOES, IT IS UNFORTUNATE.
IT HAS A, AN EFFECT ON OUR CREDIT RATING, EVEN THOUGH WE PAY THOSE PAYMENTS AND FURTHER, THE STATE COULD COME BACK AND SAY, HEY, WE WANNA FIX OUR PROBLEMS BY JAMMING IT DOWN ON YOU RELATIVE TO THE PAYROLL, RIGHT? SO YEAH, IT, IT'S, YOU'RE DOING EVERYTHING YOU CAN THE RIGHT WAY.
IT'S, IT'S, IT'S REALLY SORT OF OUTTA OUTTA YOUR CONTROL.
ANY OTHER QUESTIONS ON CREDIT RATING? UM, WE'RE GONNA MAYBE BREEZE THROUGH THE NEXT COUPLE SLIDES JUST QUICKLY HERE.
UM, WE LAY OUT, I THINK, IN A CHART FORMAT HERE.
YOU KNOW, THIS IS YOUR, YOUR GENERAL OBLIGATION THAT IT DOESN'T REALLY SPECI SPECIFY WHERE THE REPAYMENT SOURCE IS, BUT THIS IS, UM, WHAT YOU CAN SEE IN TERMS OF YOUR DEBT PAYMENTS OVER TIME.
UM, YOU'LL SEE LAST YEAR THE BIG RED, UM, PAYMENT THERE WAS, UH, PART OF THE FIREHOUSE THAT WE, YOU KNOW, HAD CONVERTED INTO, UM, A NOTE ISSUE.
SO IT WAS, UM, FINANCING THAT WAS SET UP A LONG TIME AGO THAT HAD A BULLET MATURITY THAT WE HAD TO DEAL WITH.
AND SO IT'S PART OF THE NOTE ISSUE NOW.
UM, AND NOW YOU CAN SEE YOUR PAYMENTS LEVELING OFF OVER TIME AND THEN DECREASING AS WE GO FORWARD.
THE GREEN BAR YOU'LL SEE OUT THERE IS THE SAME SITUATION WE'VE GOTTA DEAL WITH IN, IN 2032.
BUT, UM, IT, IT'S, IT'S MANAGEABLE AND WE CAN WORK TOWARDS THAT AS WE, YOU KNOW, GO FORWARD.
YOUR WATER DEBT, UM, CAN SEE HERE, PRETTY EVENLY CROSSED, DROPS DOWN FOR YOU AND GOES ACROSS AGAIN.
UM, YOU KNOW, THE LAST DEAL WE DID WAS THE REFINANCINGS OF THE, UM, OF SOME OF THE BONDS THAT WERE ISSUED IN 1314.
AND SO WE WERE ABLE TO SORT OF RESTRUCTURE THE DEBT FOR YOU A LITTLE BIT, GET IT TO BE LEVELED OFF AND, AND DROPPED DOWN.
SO YOU'VE GOT CAPACITY IN THE FUTURE FOR OTHER CAPITAL
[00:30:01]
PROJECTS SHOULD YOU NEED TO DO THEM.AND, UH, THAT'S A VERY HEALTHY CHART FOR YOU, IF YOU WILL, IN OUR SORT OF TERMINOLOGY.
IT GIVES YOU BREATHING ROOM IN THE FUTURE, UH, TO BACKFILL AS YOU MOVE FORWARD WITH OTHER PROJECTS IF YOU NEED IT.
UH, THE LAST ONE WE'RE GONNA SHOW YOU IS THE INCOME TAX DEBT.
VERY BORING CHART HERE, UH, PRETTY STRAIGHT ACROSS.
UM, UH, YOU KNOW, 2021, WE REFINANCED THOSE BONDS.
UM, AND ACTUALLY, YOU KNOW, WHEN YOU GUYS DID ALL THOSE REFINANCING, YOU COULDN'T HIT THE MARKET AT A BETTER TIME.
IT WAS, UH, PERFECT TIMING TO MAKE, UH, SOME VERY BIG SAVINGS NUMBERS RELATIVE TO YOUR DEBT.
AND YOU CAN SEE THERE, YOU KNOW, THAT'S THE KIND OF CHART YOU WANNA SEE.
YOU'RE PAYING MORE IN PRINCIPLE THAN INTEREST OVER TIME.
AND SO YOU TOOK ADVANTAGE OF THOSE LOW RATES.
THAT'S FOR THE AQUATIC CENTER.
UM, I WANNA TOUCH ON TWO DEBT LIMITATIONS.
WE TALKED ABOUT THIS LAST TIME.
UM, TWO OF THESE FACTORS, UH, IMPACT WHEN YOU DECIDE TO GO BORROWING, THIS IS CALLED YOUR DIRECT DEBT LIMITATION.
AND, AND THEY'RE BOTH ASSIGNED TO YOUR, UH, UH, THE FACTORS, THE INPUT FACTORS ON THE CALCULATION ARE RELATIVE TO YOUR ASSESSED VALUATION.
UH, THAT NUMBER DID GO UP THIS PAST YEAR.
UM, AND SO, UM, IN TERMS OF YOUR CAPACITY THAT DID GROW OVER TIME, YOU HAVE TWO LIMITATIONS HERE.
UM, THIS DIRECT DEBT LIMITATION, UH, I, I DON'T PUT A WHOLE LOT OF EMPHASIS ON IT BECAUSE, UM, UH, THERE'S A LOT OF WAYS FOR THE DEBT TO BE EXEMPTED OUT.
SO IF YOU HAVE A REVENUE STREAM, TIF, REVENUE, SPECIAL ASSESSMENT, REVENUE, INCOME, TAX, REVENUE, WATER, SEWER, IT GETS EXEMPTED OFF THIS LIMITATION.
AND THIS IS JUST YOUR TOTAL OUTSTANDING, UM, OF, OF WHAT WAS ISSUED, UH, AGAINST YOUR, YOUR CALCULATION.
AND SO YOU GOT THE, THE CAPACITY THERE.
THAT REALLY ISN'T AN ISSUE, ESPECIALLY WITH, UH, THE ABILITY TO PLEDGE A REVENUE STREAM.
UM, THE, THE ONE THAT IS PROBABLY MORE IMPORTANT AND IS THIS CHART HERE, UM, AND THIS IS BASED UPON YOUR ANNUAL DEBT SERVICE REQUIREMENT.
SO IF YOU, WE, WE'VE DONE THIS BEFORE WHERE WE'VE HAD A, A, UM, A GENERAL OBLIGATION ISSUED TIF REVENUE PLEDGE.
IT STILL GOES AGAINST, UM, THIS CALCULATION HERE.
AND YOU SHARE THIS WITH THE OTHER OVERLAPPING ENTITIES IN, IN YOUR JURISDICTION.
AND SO YOU'RE, YOU'VE GOT THE UNIQUE, I DON'T NEED TO TELL YOU THIS, THAT YOU'RE ACROSS TWO COUNTIES.
AND SO YOU, YOU HAVE TO BALANCE BETWEEN, UH, THE LIMITATION THAT USES THE MOST, THAT HAS THE MOST DEBT AGAINST IT.
THAT'S THE, THAT'S THE ONE YOU HAVE TO GO WITH, DOES ISN'T A CHOICE FOR YOU.
UM, AND, AND IN THIS CASE RIGHT NOW, IT'S MIAMI COUNTY.
UM, A LOT OF THAT HAS TO DO WITH, OBVIOUSLY WITH VALUATION MIAMI COUNTY COMPARED TO, UH, MONTGOMERY, THEIR VALUATION ARE DRASTICALLY DIFFERENT.
UH, BUT YOU CAN SEE THERE, THE, THE, THE INDIVIDUAL ENTITIES THAT YOU SHARE, THE 10 MIL LIMITATION WITH THE BALANCE THERE, THE TOTAL IS BEING USED IS WHAT, 5.5 MILS.
SO THERE'S A BALANCE OF, OF 4.4 MILS ROUGHLY OF FUTURE, UH, ABILITY TO, TO BORROW THE NOTE ISSUE IS ALREADY FACTORED INTO THIS.
AND SO THE LAST PAGE WE'RE GONNA TALK ABOUT, UM, WHAT'S COMING DOWN THE PIPELINE FOR YOU.
THE, THE NEW, THE NEW DEBT ISSUED FOR YOUR PROJECTS IN THE FUTURE WILL, WILL IMPACT THIS AND BRING IT DOWN A LITTLE BIT.
I WANTED TO SHARE WITH YOU, UH, DOWN BELOW, JUST SO YOU HAVE SOME PERSPECTIVE RELATIVE TO, UH, THE LEVERAGE IMPACT WHEN YOU ISSUE NEW DEBT AND WHAT THAT MILLAGE NUMBER, UH, EQUATES TO.
SO IF YOU LOOK AT ANY OF THOSE DOWN BELOW, UM, 10, 12, 15, OR $20 MILLION, AND WE PUT SOME DIFFERENT YEARS AS ASSIGNED WITH THAT.
'CAUSE THAT IMPACTS THE, UH, THE MILLAGE CALCULATION.
YOU CAN SEE WHEN YOU GO TO $20 MILLION, YOU'RE USING UP ABOUT 1.27 MILLS.
AND SO, UM, YOU KNOW, CAPACITY REALLY ISN'T AN ISSUE HERE UNLESS SOMEBODY JUMPS OUT THERE AND USES IT AHEAD OF YOU.
AND SO WE'VE SEEN THAT BEFORE ACROSS THE STATE WHERE, YOU KNOW, MAYBE, UM, UH, THE TOWNSHIP WHO DOESN'T HAVE A WHOLE LOT OF CAPACITY GOES OUT AND ISSUES DEBT, UH, YOU KNOW, AND TAKES UP ALL YOUR CAPACITY.
UM, DON'T KNOW IF, IF THE TOWNSHIP IS LOOKING TO DO IT, BUT, UM, THE OTHER ONE TO, TO LOOK FOR IS THE SCHOOL DISTRICT, BUT THEY'RE LESS OF A CONCERN BECAUSE THEY HAVE SUCH, UH, STRINGENT DIRECT DEBT LIMITATIONS.
SO REALLY THE ONLY WAY A SCHOOL CAN ISSUE DEBT IS BY GOING TO THE VOTERS.
UM, BUT THAT IS, UH, YOUR IMPACT.
I, WE, WE PUT THE BOTTOM PART DOWN THERE.
WE HAVEN'T SHOWN YOU THAT BEFORE, BUT JUST SO YOU HAVE A FEEL FOR WHAT YOUR, YOUR, YOUR LIMITATIONS ARE.
MAYOR, YES, MARK, AND YES, SIR, BASED ON THAT, HOW MANY MILLIONS DO WE HAVE IN DEBT CAPACITY, JUST BASED ON THIS SNAPSHOT? UM, EASILY 60.
YOU KNOW, WE'RE USING A 5% RATE, SO OBVIOUSLY AS THE MARKET MOVES, THAT ALSO CHANGES IT, BUT YEAH, I THINK EASILY 60.
AND, AND HOW WOULD A NEW APARTMENT DEVELOPMENT, A $40 MILLION APARTMENT DEVELOPMENT AFFECT THAT NUMBER? UM, LET ME, LET ME QUALIFY THAT IN, IN, IN TERMS OF, UM, OUR DEBT CAPACITY.
WOULD IT, WOULD IT HELP INCREASE IT
[00:35:01]
MUCH? OH, YEAH.AND SO THAT'S THE DIFFERENCE IS, YOU KNOW, NONE OF YOUR, YOUR VALUE, IT'S KIND OF, IT'S IMPRESSIVE THAT IT'S THIS HIGH AND YOU'VE GOT A LOT OF EXEMPTED VALUATION OUT THERE, SO THAT WOULD HELP YOU YEAH.
IF ANY DEVELOPMENT WOULD HELP YOU IN TERMS OF VALUE.
AND, AND ANDY, UH, ARE YOU GOING TO GO INTO LATER, UM, THE PHILOSOPHY THE CITY HAS EMPLOYED, WHICH IS MORE LIKE A BUSINESS THAT IF WE'VE HAD A PROJECT, WE ALSO IDENTIFY A REVENUE STREAM? YEAH.
I, I'M, I KNOW I'M GETTING A LITTLE LONG-WINDED HERE, SO I APOLOGIZE, BUT WE'RE GOING TO GO INTO THAT AS WELL.
ANY QUESTIONS ON, ON THIS CHART HERE? UM, OFTENTIMES WHAT WE FIND IS THAT THERE'S SO MUCH CAPACITY YOU COULDN'T AFFORD TO BORROW THAT MUCH.
SO I THINK THAT YOU'RE IN A GOOD SHAPE RELATIVE TO WHATEVER YOU YOU NEED TO DO DOWN THE ROAD.
AND PLUS YOU'LL HAVE DEBT FALLING OFF OVER TIME AS WELL.
UM, LOT, LOT OF STUFF UP HERE ON THIS CHART.
YOU'VE SEEN THIS, UH, SEVERAL YEARS AGO.
WHAT WE WANTED TO DO IS LAY OUT FOR YOU, AND I, UH, WANTED TO IDENTIFY THE, THE DEBT THAT IS OUT THERE, UH, THE TYPE OF DEBT.
UM, AND I'M NOT GONNA GO THROUGH EACH CHART, BUT LET'S JUST TAKE ONE OF THESE AS AN EXAMPLE.
THE VERY FIRST ONE, UH, THE COLUMN THERE, AND I'M HORRIBLE WITH COLORS.
WE'RE JUST GONNA CALL THAT ORANGE 2010 B.
UH, YOU'LL SEE THE SECURITY THAT WAS ISSUED UNDER IS THE, IS THE GENERAL OBLIGATION.
UH, THE PURPOSE WAS FOR NEW MONEY FOR CARRIAGE TRAILS.
UH, THIS WAS PART OF, UH, I'M NOT GONNA GET INTO THIS, BUT BUILD AMERICA BONDS.
THAT WAS DONE, UH, WHERE YOU GET A REBATE FROM THE FEDS, BUT, UH, ORIGINAL ISSUE WAS 6.3 MILLION.
UM, IT WAS ISSUED BACK IN 2010.
FINAL MATURITY IS 2030, UH, AND THE, UH, ABILITY TO REDEEM OR REFINANCE IS THE OPTIONAL REDEMPTION, AND THAT'S IN 2020, WHICH WE'VE WE'RE ALREADY TO THAT POINT.
UH, THE RATING ON THAT ISSUE AT THE TIME WAS AA TWO, UH, IT WAS ISSUED IN THE CAPITAL MARKETS.
AND YOU CAN SEE THE INTEREST RATES THERE, 4.21 TO 5.92.
THE KEY POINT OF THIS TO, TO COUNCILMAN, UH, COMMENT JUST BEFORE IS THE PAYMENT SOURCE.
AND WE'VE IDENTIFIED EACH AREA DOWN BELOW WHERE THE REPAYMENT IS COMING FROM.
AND YOU'LL SEE A LOT OF THIS GOING ACROSS THAT WAY, IS REALLY ALL DEDICATED REVENUE STREAMS THAT THE CITY HAS COMING IN.
IT'S NOT COMING OUTTA YOUR GENERAL FUND.
AND I THINK IT'S, IT'S A VERY STRONG POINT, AND IT'S SOMETHING THAT WE, WE STRESS TO THE RATING AGENCIES WHEN WE TALK TO THEM THAT, UH, AND, AND, AND THEY'RE MATURE TOO.
IT'S NOT LIKE YOU'RE HOPING THEY COME IN, UH, YOU KNOW, THINGS HAVE GROWN IN THAT AREA.
AND SO YOU'RE, YOU'RE DOING QUITE WELL WITH, UH, WITH THOSE TIF REVENUES.
I'M NOT GONNA GO THROUGH EACH INDIVIDUAL ONE GOING ACROSS.
SO, UH, IT, YOU KNOW, IT, IT, WHAT YOU SEE HERE IS, UM, A LOT OF, A LOT OF BONDS.
YOU'LL SEE SOME UP THERE, THE SIB LOANS.
THE CITY'S BEEN VERY, UM, TAKEN ADVANTAGE OF THE SIB LOAN PROGRAM THROUGH THE STATE, WHICH IS A 3%, UH, GUARANTEED RATE.
UH, THAT HASN'T WORKED OUT VERY WELL.
UH, AND THEN, UH, AGAIN, YOU'VE USED YOUR GENERAL OBLIGATION CAPACITY TO HELP KEEP THOSE BORROWING COSTS DOWN, AND THAT'S BEEN VERY, VERY HELPFUL.
THE NEXT SLIDE IS REALLY JUST A, A ADDITION TO THAT.
UM, YOU'VE GOT, YOU KNOW, GOING BY YEAR TRYING TO KEEP THEM TOGETHER, UM, THE GO BONDS AND THEN THE, UM, THE INCOME TAX, REFUNDING REVENUE BOND YOU CAN SEE THERE AS WELL.
UM, AND THEN THE WATER ISSUES, AND THEN THE LEASES.
SO, UM, AGAIN, A LOT OF INFORMATION THERE, BUT YOU CAN SEE THAT, YOU KNOW, THE RATES, SEE HOW LOW THOSE INTEREST RATES ARE.
ANY QUESTIONS GLOBALLY ON, ON THIS? UM, AND AGAIN, IF THERE'S FOLLOW UP QUESTIONS, I KNOW WE, WE GOT THIS TO YOU KIND OF LATE TODAY, BUT IF THERE'S FOLLOW UP QUESTIONS, PLEASE LET US KNOW.
MAYOR, CAN YOU TELL ME, IN THE COLUMN OF INTEREST RATES GO OVER THREE COLUMNS, 1995, IT'S CAB SMALL S, WHAT DOES THAT STAND FOR? JUST, OH, THAT'S A GOOD QUESTION.
UM, WE DON'T SEE THOSE A WHOLE LOT ANYMORE.
THEY'RE CALLED CAPITAL APPRECIATION BONDS.
AND WHAT HAPPENS IS YOU, YOU KNOW, THE BOND IN, IN ESSENCE ACCRETES OVER TIME AND YOU DON'T PAY ANY INTEREST UNTIL THAT IS DUE IN MATURES.
IT JUST, THEY CALL 'EM ZERO INTEREST BONDS, BUT THERE'S REALLY A STATED RATE IN THEM.
UM, YEARS AGO WHEN THIS WAS ISSUED, UM, QUEBECA 1995, IT WAS A POPULAR PRODUCT FOR SOME REASON.
I DON'T, I DON'T, YOU KNOW, I HONESTLY WAS STILL IN HEIGHT IN COLLEGE THEN, BUT
ONE REASON, BECAUSE THEY'RE NOT, THEY'RE NON CALLABLE.
AND SO YOU NEVER GET A CHANCE.
[00:40:01]
OF THE, THE THINGS THAT WE'VE WORKED WITH YOU ON IS MAKING SURE YOU ALWAYS HAVE THAT OPTION BECAUSE IT'S IMPORTANT.YOU NEVER KNOW WHERE THE MARKET'S GONNA GO.
AND WHILE YOU'RE ON THAT SUBJECT, UM, THOSE ARE COMING DUE.
THOSE ARE, UM, FINISHING UP IN 2025.
AND I WANT TO GIVE CREDIT TO ANDY BECAUSE WHEN WE DID THAT REFINANCING WITH THE, UH, OWA LOANS, UH, BACK IN 2021, WE GOT SUCH A GOOD LOW INTEREST RATE.
I THINK WE ENDED UP SAVING THROUGH THAT FINANCING, IF I REMEMBER RIGHT, AT LEAST $6 MILLION.
YEAH, IT WAS, AND THAT'S THE NUMBER I REMEMBER.
AND THEN WHAT HAPPENED WAS, UM, 'CAUSE I, I KNOW I HAD TO, UM, UH, TALK TO YOU ABOUT THIS MAYOR THAT WAS THE, UH, THE GREEN BARS FROM THAT PREVIOUS, THE OUTSTANDING WATER DEBT WHEN WE REFINANCED, KNOWING THAT WE WERE GOING TO START SAVING IN, IN 2026, ABOUT 1.265 MILLION PER YEAR, THAT'S WHERE A LOT OF THOSE PAYMENTS WERE, UM, MADE IN 26 THROUGH 30.
UM, SO WHAT, WHAT WE THOUGHT WAS GONNA BE AVAILABLE, MONEY STARTING IN 26 IS NOW AVAILABLE IN 31.
SO WE'VE TALKED ABOUT SOME OF THE DEBT SERVICE FALLING OFF.
I KNOW WE'VE BEEN TALKING ABOUT OUR, OUR WATER INFRASTRUCTURE AND THINGS LIKE THAT.
IS THAT CORRECT? IS THIS, IS WHAT WE'RE TALKING ABOUT THESE OWDA LOANS THAT ARE, THAT ARE GONNA BE COMING OFF? UH, THAT, THAT IS CORRECT.
SO ON THE, THE COUNCIL DIRECTIVE TO INCREASE THE AMOUNT OF ANNUAL FUNDING FOR WATER MAIN REPLACEMENT, UH, IT'S STAFF'S RECOMMENDATION THAT, UH, THE NECESSARY FUNDS TO MEET COUNCIL'S TARGETED OBJECTIVE COME FROM, UH, THIS SOURCE ONCE THOSE BONDS ARE PAID OFF.
SO OUR LAST PAGE IS, UM, IS WHAT WE DID BACK, UH, LAST YEAR IN NOVEMBER.
AND, AND JUST TO THROUGH, WE RESET THE TABLE.
THESE ARE, AGAIN, ONE YEAR OBLIGATIONS.
UM, A LOT OF TIMES THIS PRODUCT IS UTILIZED DURING CONSTRUCTION PHASE, UM, OR IT'S UTILIZED TO MANAGE THE MARKET.
AND SO, UH, WE WILL AGAIN TAKE A LOOK AT THIS IN THE LATE SUMMER, SEE WHERE THE MARKET'S MOVING, AND, AND MAKE ANOTHER DECISION AS WE MOVE FORWARD TO GET YOUR APPROVAL FOR REAUTHORIZATION.
UM, AND SO WE HAVE A, UH, A TAXABLE ISSUE THAT WAS ISSUED FOR, UM, VARIOUS PURPOSES, UH, FOR THE DAYTON STRIP MALL PROPERTY ACQUISITION.
UH, THOSE HAD TO BE DONE AS TAXABLE.
UM, THOSE RATES JUST KINDA GIVE YOU A BALLPARK.
UH, WE DID THAT AS A SIX 50 BACK IN NOVEMBER.
WE'RE LOOKING AT RATES IN THE LOW FIVES NOW.
UH, SO THE MOVE, IT'S MOVING BACK OUR DIRECTION.
UH, AND THEN AGAIN ON THE, UM, THE 2023 VARIOUS PURPOSE, LARGER ONE, UH, YOU CAN SEE ALL THE PROJECTS THAT WERE FINANCED WITH THAT.
UM, IT COMES DUE IN MORE IN, UM, NOVEMBER 7TH.
AND, UM, THAT INTEREST RATE WAS AT A 4 84 0.875.
UM, TODAY WE DID ANOTHER ISSUE FOR A COMMUNITY THAT WAS IN THE FORCE LOW FORCE.
SO IT'S MOVING BACK AGAIN IN OUR DIRECTION.
COULD YOU BRIEFLY, COULD YOU BRIEFLY EXPLAIN THE DIFFERENCE WHEN YOU GO FOR TAXABLE WELL VERSUS, UH, TAX EXEMPT, UH, NOTES WHAT THE DIFFERENCE IS? YEAH, I MEAN, THE, THE, THE, REALLY, THE, THE, THE BASIC DIFFERENCE IS, UH, WHEN YOU'VE GOT A, UH, A FOR-PROFIT, UM, OR, OR A, A PRIVATE USE, IF YOU WILL, ASSOCIATED WITH IT, THEN WE WE'RE NOT ALLOWED TO ISSUE TAX EXEMPT THAT THE IRS DOESN'T ALLOW US TO, LIKE US DOING, UM, PROPERTY ACQUISITION THAT MAY NOT BE FOR GOVERNMENTAL PURPOSE ONLY.
UH, OR, UM, OR FOR EXAMPLE, SOME COMMUNITIES HAVE BOUGHT, UH, SOME STRIP MALLS AND, AND ARE STILL OPERATING IN WRITTEN AMOUNT.
SO, UH, THOSE TYPES OF PRODUCTS, WHEN YOU'RE DEALING WITH PRIVATE INDUSTRY, YOU'VE GOTTA DO IT AS A TAXABLE ISSUE.
AND THAT'S WHY WE HAD TO GO THAT ROUTE.
UH, KEEPS YOU SAFE IN A WAY FROM THE IRS, WHICH IS GOOD.
UM, SO, AND THEN THE OTHER PROJECTS IN TERMS OF THE NEW MONEY NEEDS THAT WILL BE CONSIDERED, UM, AS WE MOVE ALONG TOO, DEPENDING ON WHERE THIS PROJECT'S, UH, FALL OUT AT OR LISTED DOWN THERE AS WELL.
AND, AND SO, UM, THAT'S A LITTLE BIT OF A RECAP OF THE, THE NOTE ISSUE.
IT WAS DONE LAST YEAR AND THEN, UH, POSSIBLE NEW, NEW MONEY NEEDS THAT ARE COMING FORWARD.
ANY QUESTIONS? YES, ANITA? SO JUST TO CLARIFY, THE BONDS THAT WE WERE GOING TO START USING IN 2025 FOR WATER MAIN REPLACEMENTS NOW, 2031? YEAH.
THE, THE, THE, UM, THE BONDS WOULD'VE ORIGINALLY MATURED IN 2025, SO THAT WOULD'VE BEEN MONEY AVAILABLE IN 2026.
AND, UH, NOW WITH THE RESTRUCTURING OF THE REFINANCING ORDER TO SAVE 6 MILLION BY INVESTING A LOWER INTEREST RATE ON THOSE BONDS, THE, UM, STRUCTURE WAS, UM, MADE, UH, AT, AT, UH, RECOMMENDATION THAT, UH, WE FILL IN THOSE, THOSE FIRST FIVE YEARS OF BUCKETS.
SO NOW THE, UH, THERE'LL BE MORE AVAILABLE MONEY COME 2031.
[00:45:01]
I'M CONFUSED NOW, BECAUSE THE PURPOSE OF DOING THAT WAS THAT WE WOULD HAVE DEBT SERVICE FALL OFF AND WE WOULD HAVE AN ADDITIONAL $1.6 MILLION BEGINNING IN 2025.MY UNDERSTANDING WAS THOSE BONDS PAID OFF EARLIER, NOT LATER? OR ARE WE TALKING TWO SEPARATE SETS OF BONDS? WHAT WE'RE, WE'RE TALKING OKAY.
THERE WAS ONE SET IN 95 THAT, UH, FINISHES UP IN 2025.
THAT'S WHEN WE DID THE REFINANCING OF THE, UM, UM, OTHER DEBT THAT WE HAD, UH, TO GAIN, LIKE I SAID, UH, SAVE US $6 MILLION, THE, YOU CAN STRUCTURE THE DEBT PAYMENTS, HOWEVER YOU CHOOSE TO.
AND SO THOSE FIRST FIVE YEARS, 26, 27, 28, 29 AND 30 WAS, UH, THE, THE BULK OF WHERE THE NEW PAYMENTS, UH, WENT IN FOR THOSE REFINANCINGS.
SO IF I CAN TRANSLATE, WE REFINANCED ONE SET OF BONDS, PAYING THEM OUT LATER, AND BY PAYING THEM OUT LATER, WE CREATED AN IMMEDIATE AVAILABILITY OF CASH.
AND THEN NUMBER TWO IS WE HAD A SECOND SERIES OF BONDS, WHICH WILL PAY OFF IN 2025, AND THAT IS $1.25 MILLION THAT WE'LL HAVE AVAILABLE WITHIN THE WATER FUND TO COMMIT TOWARDS CAPITAL IMPROVEMENTS BEGINNING IN 2026.
THE REFINANCING OF THE, THE, UM, THE REFINANCING OF THE, UH, DEBT IN 2021 FILLED IN THOSE, UH, THE, THE DROP IN THE BOND.
CAN YOU GO BACK TO THAT SLIDE, ANDY? UM, THE WATER SLIDE.
SO HERE YOU SEE THE, THE NEW DEBT, UH, OR THE, THE REFINANCING IN GREEN THAT WAS DONE.
UM, THOSE ARE ALL BEING USED IN THE FIRST FIVE YEARS OF THE, THE, WHAT WOULD'VE BEEN AVAILABLE MONEY, UH, STARTING IN 2026 WHEN THE 2025 BONDS ROLL OFF.
AND SO THE, THE, UH, WHERE THE NEW MONEY BECOMES AVAILABLE IS IN HERE 2031, WHERE YOU SEE THE GREEN GOES AWAY AND YOU'RE DOWN TO, UM, UH, YELLOW.
I, I THINK THE OTHER THING THAT WE'RE NOT SHOWING HERE IS WHERE THE DEBT WAS PRIOR TO THAT.
SO I, I THINK WHAT, LET'S JUST MAKE IT REAL SIMPLE BASED ON WHAT WE'RE LOOKING AT RIGHT HERE.
THE BLUE IN THE TWO COLUMNS TO THE LEFT, THAT'S 24 AND 25, I DON'T REALLY CARE WHICH BOND ISSUE IT'S RELATED TO, BUT IT'S ASSOCIATED WITH A WATER FUND REVENUE.
AND IN 2025, THAT'S THE LAST YEAR WE SEE THE BLUE LINE.
AND THE BLUE LINE REPRESENTS $1.25 MILLION.
I'M LOOKING AT THE CHART AND I CAN'T HELP BUT NOTICE THERE'S NO BLUE.
SO THE $1.25 MILLION THAT'S ASSOCIATED WITH THE BLUE IS NOW EXPENDABLE REVENUE TO THE CITY THAT IT CAN DEDICATE TOWARDS CAPITAL IMPROVEMENTS.
IS THAT NOT CORRECT? NO, BECAUSE THAT WAS REPLACED WITH THE GREEN.
SO THE GREEN WAS ANOTHER ISSUE.
SO AT THE TIME THERE, THERE WAS NOT, CORRECT ME IF I'M WRONG HERE, AT THE TIME, THERE WASN'T ANY, ANY CAPITAL NEEDS THAT, THAT NEEDED TO BE A ATTAINED AT THAT POINT IN TIME.
BUT THE OTHER THING I THINK WE NEED TO GO BACK AND LOOK AT IS WHAT WAS THE DEBT SERVICE IN 23? BECAUSE THAT ALSO DROPPED DOWN FROM A LEVEL THAT OKAY.
AND I DON'T KNOW THE ANSWER TO THAT.
WE'D HAVE TO GO BACK AND LOOK AT THAT NUMBER TO SEE WHAT THAT SAVINGS WAS FROM 23 ON.
WELL, IN THAT CASE THEN, I THINK WHAT WE NEED TO DO THEN IS OUTSIDE OF THIS MEETING, WE'LL NEED TO HAVE A, A, A CONFERENCE TO RECAP SOME OF THE OTHER CONVERSATIONS THAT WE'VE HAD IN THIS CHAMBER TO MAKE SURE THAT WE'VE ACCURATELY PRESENTED ALL OF THE APPROPRIATE INFORMATION TO CITY COUNCIL.
'CAUSE WE WERE CERTAINLY UNDER THE UNDERSTANDING THAT NEXT YEAR WE HAD $1.2 MILLION AT A MINIMUM OF DEBT PAYMENTS FALL OFF THAT WE COULD ALLOCATE TO WATER MAIN REPLACEMENT.
AND I HAVE PREVIOUSLY SPOKEN IN THIS CHAMBER THAT THE MONEY WOULD NOT BE AVAILABLE UNTIL 2031.
I, THERE WAS ONE TIME WHERE I DID SAY IT WAS AVAILABLE IN 26, BUT THEN I DID CORRECT MYSELF.
JIM HAD MENTIONED WITH THE REFINANCING, THE CITY HAD GAINED ABOUT $6 MILLION IN REVENUE IN SAVING MM-HMM.
WHEN ARE WE APPRECIATING OR RECEIVING THAT $6 MILLION OVER WHAT PERIOD? LET ME GO BACK, MEET THAT NUMBER FOR YOU.
BUT YOU, YOU WOULD'VE SEEN SOME OF THAT ALREADY, YOU KNOW, IN THE CURRENT YEAR.
UM, AND WE'LL GET THAT FIGURE, THAT FIGURE FOR YOU ALSO GO BACK AND LOOK AT WHERE WAS DEBT SERVICE PRIOR TO ALL THIS HAPPENING.
WHAT WAS THAT NUMBER? SO YOU CAN SEE AND COMPARE THAT, AND THAT'S AN ANALYSIS WHEN MADE, WHICH WILL OPEN UP SOME DOORS FOR US TO LOOK AT YEAH.
AND HELP ADDRESS THAT GAP OF $1.25 MILLION A YEAR.
AND I THINK THAT'S CERTAINLY WHAT WE'RE AFTER BEING ABLE TO DO.
'CAUSE I MEAN, THAT'S A COMMITMENT THAT WE MADE.
[00:50:03]
YES, MARK, UH, JIM BELL.I THINK THAT HUBER HEIGHTS, OVER THE PERIOD OF TIME, AT LEAST YOU'VE BEEN HERE, UH, HAS BEEN WELL MANAGED.
UM, I'M NOT EVEN SURE WE'VE HAD ONE SINGLE QUARTERBACK.
WE'VE HAD A LOT OF LEADERSHIP AND YOU'VE DONE QUITE WELL.
UM, BRIAN, YOU, YOU HAD BROUGHT IN AN OUTSIDE PLANNER, AARON.
AND I, I BELIEVE EVERYONE MAYOR WOULD AGREE THAT HE REALLY CHANGED THE SCOPE OF THAT POSITION.
AND WE, WE'VE GOT A LOT OF VALUE OUT OF AARON.
REASON WHY I BRING THAT UP IS TO HIGHLIGHT, ANDY, THANKS FOR BEING ON OUR TEAM.
UH, I THINK YOU HELPING JIM HAS REALLY STEPPED UP THE PACE OF WHAT WE DO.
AND WE HAVE HAD A PHILOSOPHY IN HUB HEIGHTS THAT IT IS LIKE A BUSINESS.
AND IF WE WERE GONNA SPEND MONEY, WE NEED TO DEFINE A REVENUE STREAM TO PAY FOR THAT, EVEN BEFORE WE PUT A SHOVEL IN THE DIRT.
AND BRIAN, DURING THE TIME OF YOU BEING AN ASSISTANT AND THEN AN INTERIM, UH, WE'VE WORKED TOGETHER PRETTY CLOSE.
AND IS THAT NOT THE FIRST QUESTION WE ASK? YES.
IS WHERE THE MONEY'S GONNA COME? THAT IS ALWAYS ONE OF THE VERY FIRST QUESTIONS WE ASK.
SO, SO ANDY, I REALLY THINK THROUGH YOUR LEADERSHIP AND AN OUTSIDE SOURCE THAT HAS A LOT OF KNOWLEDGE WITH A LOT OF DIFFERENT CITIES, I APPRECIATE TELLING US NOT ONLY THE COUNCIL, BUT THE ENTIRE COMMUNITY THAT AS THE MAYOR INDICATED IN HIS STATE OF THE CITY, WE'RE HEALTHY FINANCIALLY.
SO I APPRECIATE YOUR EXPERTISE AND, AND, AND WE HAVE A LOT OF PEOPLE, MAYOR LIKE RUSS, WHO'S BEEN MAINTAINING OUR INFRASTRUCTURE.
[ Supplemental Appropriations]
IS ITEM 3D, WHICH IS SUPPLEMENTAL APPROPRIATIONS.UM, SUPPLEMENTAL APPROPRIATIONS.
SO, UM, UH, THIS IS THE FIRST TIME I'VE COME TO COUNCIL THIS YEAR WITH SOME, UH, CHANGES THAT I WOULD RECOMMEND, UH, TO THE BUDGET.
AND, UM, THEY WERE INCLUDED IN YOUR PACKET.
BUT I'LL, UH, UH, UH, GIVE JUST A, A BRIEF, UH, OVERVIEW HERE.
UH, 49,000, ALMOST $50,000, UH, IS A GRANT THAT IS IN THE, UH, CAME IN IN THE LAW ENFORCEMENT ASSISTANCE GRANT FUND.
THIS WAS USED FOR REIMBURSING, UH, OUR POLICE, UH, STAFF TRAINING.
SO I NEED THAT TO BE, UH, ADDED TO THE BUDGET TO TRANSFER OVER TO THE POLICE FUND.
UH, THEN WE'VE GOT A HUNDRED THOUSAND DOLLARS FOR LAND DEVELOPMENT STUDIES FOR THE ECONOMIC DEVELOPMENT DEPARTMENT.
UH, THAT WILL BE DISCUSSED A LITTLE BIT, UH, I THINK IN THE NEXT, OR THE, UH, NEXT ITEM ON THE AGENDA, UH, FOR THOSE STUDIES.
UM, $177,000 FOR PROPERTY TAXES.
UH, WHEN WE CREATED THE BUDGET, YOU KNOW, WE'VE BEEN ACQUIRING THE LAND DOWN AT, UH, THE, WHAT WAS MARION MEADOWS.
AND SO, UH, NOW WE HAVE TO START PAYING THE PROPERTY TAXES ON THAT.
UH, SOME OF THOSE WILL EVENTUALLY BE MADE EXEMPT UH, OUR LAW DIRECTOR'S WORKING ON THAT RIGHT NOW.
UH, BUT HIS RECOMMENDATION IS WE PAY THE TAXES AND THEN HE'LL WORK ON GETTING THE EXEMPTION, UH, DOWN THE ROAD.
SO THAT WAS, UH, WE DIDN'T KNOW HOW MUCH THOSE TAXES WERE GONNA BE AT THE TIME OF THE BUDGET, SO I'M BRINGING IT TO YOU NOW.
UM, UH, COUNCIL HAS ASKED FOR ADDITIONAL, UH, RIDES, UM, FOR THE STAR-SPANGLED HEIGHTS EVENT.
SO WE NEED, UH, UH, $45,275 TO, UH, INCREASE THAT BUDGET TO, UM, MAKE THAT A, A MUCH BETTER, UH, FESTIVAL FOR THE COMMUNITY.
UH, 21,000, UH, IS, UH, INCREASE IN ONLINE AUCTION FEES.
UH, THE REASON FOR THIS INCREASE IS, UM, AS WE MOVE FURTHER INTO THE ENTERPRISE FLEET MANAGEMENT, UH, SYSTEM THAT WE'VE BEEN IN FOR, I THINK ABOUT TWO, TWO TO THREE YEARS NOW, MORE OF OUR, UM, CITY VEHICLES ARE MOVING AWAY, UH, OR, OR MOVING OUT OF SERVICE, UH, OUT OF THE FLEET.
AND SO THOSE ARE GOING UP FOR AUCTION.
SO THE MORE VEHICLES THAT GO INTO THE AUCTION, THE MORE FEES THAT THE COUNTY IS CHARGING US TO DO THAT.
SO THAT WAS, UM, PREVIOUSLY UNANTICIPATED AT BUDGET TIME, UH, $200,000 FOR PAVING PARKING LOTS, UH, SURROUNDING CITY HALL.
UM, UH, THIS ONE'S ON ME BECAUSE, UM, I DID GET AN EMAIL, UH, THE DAY BEFORE THE CYBER ATTACK FROM MIKE ASKING THAT FOR THIS TO BE PUT INTO THE BUDGET.
AND IT, UH, IT GOT MISSED IN THE, UH, IN THAT TIME.
SO I'M ASKING FOR IT TO BE ADDED.
IT WAS MEANT TO BE ADDED, UH, AND INCLUDED IN THE ORIGINAL 24 BUDGET.
AND, UM, SO THAT WILL BE IMPROVING THE
[00:55:01]
PARKING LOTS AROUND CITY HALL POLICE DEPARTMENT AND THE COURT, UH, $18,000 FOR LEXIPOL AND HAASS ALERTING SERVICES FOR THE FIRE DEPARTMENT.THIS IS ANOTHER ITEM THAT WAS, UM, UH, NOT INCLUDED IN THE BUDGET, MEANT TO BE IN THE BUDGET, BUT, UH, GOT MISSED.
AND SO WE'RE, UH, ASKING COUNCIL TO ADD IT NOW.
UH, THEN WE'VE GOT, UH, 243,400 FOR INCREASED LANDSCAPE MAINTENANCE SERVICES.
THAT WAS, UH, REQUESTED, UH, COUNCIL, UH, RECENTLY I THINK THERE WAS, UH, COUNCIL, UM, UH, LEGISLATION THAT, UH, ASKED FOR THAT, UH, INCREASE.
AND SO IT NEEDS TO BE ADDED TO THE BUDGET, UH, $500,000 FOR POSSIBLE ECONOMIC REDEVELOPMENT ACQUISITIONS.
UH, SO THAT WAY, UH, IT DOESN'T MEAN WE'RE GONNA SPEND IT, IT JUST MEANS WE HAVE THE MONEY AVAILABLE IF WE NEED TO TAKE ACTION TO, UH, MAKE ANY PURCHASES.
UH, AND THAT WOULD BE ANTICIPATED FOR THE REST OF THE YEAR, UH, $33,000 TO REPLACE SIX CHEMICAL FEED PUMPS DAMAGED BY FLOODING.
UH, AND AS RUSS HAS TOLD ME, UH, HE'S ALREADY GOT COMMITMENTS.
UH, INSURANCE WILL BE REIMBURSING $26,057 AND 14 CENTS OF THAT ASK.
AND, UM, THEN THE NEXT ITEM, UM, IS KIND OF AN AD AND A SUBTRACT, UH, WAS ORIGINALLY, UH, BUDGETED, UH, TO INVESTIGATE, DEVELOP, AND IMPROVE PUMPS, PIPING AND CONTROL SYSTEMS, UH, BECAUSE OF OUR, UM, FILTER MEDIA LOSS AT THE, UH, RIP WRAP WATER TREATMENT PLANT.
AND THAT WAS ORIGINALLY BUDGETED IN THE WATER FUND.
IT REALLY SHOULD BE BUDGETED IN THE, UH, CAPITAL FUND.
'CAUSE WE'RE GOING TO, UM, MAKE THIS A CAPITAL ASSET.
IT WAS ORIGINALLY THOUGHT THAT IT MIGHT BE A REPAIR, UH, AND MAINTENANCE.
SO, UM, SINCE IT'S GONNA BE CAPITAL, I WANT IT OUTTA THE WATER UTILITY RESERVE FUND, WHICH IS REALLY ANOTHER NAME FOR THE WATER CAPITAL FUND.
AND, UH, THE PRICE IS NOW LOOKING AT, UH, LOOKING AT BEING 750,000.
SO I'M ASKING TO INCREASE THAT BUDGET BY 750,000, BUT THEN REDUCE THE WATER FUND BY 600,000 WHERE IT WAS ORIGINALLY BUDGETED.
SO THE, THE NET OF THOSE TWO IS 150,000.
AND FINALLY, UM, THE, UM, UH, WE ADDED A, UM, ADDITIONAL STREET SWEEPER LAST YEAR.
AND BECAUSE WE'VE GOT TWO STREET SWEEPERS RUNNING THROUGH THE CITY, THE MIKE GRAY TELLS ME THAT WE'RE GONNA HAVE ADDITIONAL, UH, WASTE DISPOSAL, UH, GENERATED BY THAT.
AND SO HE ANTICIPATES THAT TO BE $5,500 AND HAS ASKED THAT TO BE, UM, ADDED TO THE BUDGET.
ANY QUESTIONS FOR JIM ON ANY OF THESE SUPPLEMENTALS? SCOTT, THIS MIGHT BE MORE FOR BRIAN.
HAVE WE EVER LOOKED AT LARGE SPONSORS FOR THE STAR SPAN BANNER, HELP WITH THE FIREWORKS? UM, YES.
THE CITY HAD PREVIOUSLY SOUGHT, UM, UH, HAD PREVIOUSLY SOUGHT SPONSORS, UH, FOR THE EVENT.
AND, UH, FOR WHATEVER REASON, OVER TIME THAT FELL AWAY.
AND ONE OF THE THINGS THAT WE, UM, THAT WE HAVE ASKED, UH, THE COMMUNICATIONS COORDINATOR TO DO, UH, IS TO KIND OF PICK THAT BACK UP, UH, AND START REACHING OUT TO, UH, BUSINESSES IN THE COMMUNITY TO THOSE FOLKS THAT DO BUSINESS WITH THE CITY, UM, WHO MIGHT HAVE AN INTEREST OR WHO MIGHT FIND VALUE IN SPONSORING THOSE EVENTS, UH, TO MAKE SURE THAT THEIR PRESENCE AND, AND AND THEIR, UH, DEDICATION AND COMMITMENT TO OUR COMMUNITY IS KNOWN.
SO, UH, WE ARE WORKING TO, UH, TO MAKE SURE THAT, UH, WE ARE BRINGING IN ADDITIONAL RESOURCES TO SUPPORT THOSE TYPES OF EVENTS.
ANYTHING ELSE, ANITA? UM, IS ARTS AND BEAUTIFICATION, ARE THEY WANTING THE RIDES? ARE THEY ASKING FOR IT? OR WHO'S REALLY ASKING FOR THIS? THE COMMUNICATIONS COORDINATOR CAME TO ME AND SAID THAT THAT WAS A REQUEST OF COUNSEL TO BEEF UP THE FESTIVAL THIS YEAR.
THAT WAS OUR UNDERSTANDING AS WELL, THAT IT HAD ORIGINALLY COME IN, I BELIEVE IT WAS AS A REQUEST OF THE CHAMBER OF COMMERCE, UM, TO INCREASE, UH, THE ACTIVITIES.
UH, AND IT WAS, UH, THEIR, IT WAS THEIR INTENT TO TRY AND SUPPORT THAT ENDEAVOR, BUT FOR WHATEVER REASON, UH, THAT WAS NOT SOMETHING THAT THE CHAMBER WAS ABLE TO, UH, TO FOLLOW THROUGH ON.
I'M NOT QUITE SURE, UH, WHETHER OR NOT THAT WAS CHANGED IN BOARD OR LEADERSHIP, WHATEVER THAT MIGHT BE.
BUT, UM, UH, WE HAD HEARD, UH, IT WAS OUR UNDERSTANDING THAT, UH, COUNCIL HAD WANTED TO SEE AN INCREASE IN, UH, IN THAT AMENITY FOR THAT PARTICULAR EVENT.
SO WE, UH, WE INCLUDED THAT, UH, FOR THIS YEAR'S STAR SPANGLED HEIGHTS.
UH, JUST A QUICK QUESTION REGARDING THE 500,000 FOR POSSIBLE ECONOMIC REDEVELOPMENT ACQUISITIONS, THAT, THAT, THAT SEEMS A LITTLE AMBIGUOUS.
AND I, I JUST WANNA KNOW IF WE CAN PROVIDE A LITTLE BIT MORE DETAIL ON WHAT THAT COULD BE.
AND IF WE ARE GOING TO, IF THIS IS A BLANKET HALF MILLION FOR WHAT MIGHT HAPPEN IN THE FUTURE, DOES THAT MEAN THAT WE'RE NOT GOING TO COME BACK TO THIS BODY AND, AND SPECIFY SPECIFICALLY WHAT WE NEED? WELL, IF I CAN BEG YOUR PATIENCE, SIR, FOR ABOUT ANOTHER 60 MINUTES, I'LL GET Y'ALL THE ANSWERS YOU NEED.
[01:00:01]
SURE.JIM, CAN YOU GIVE US SOME CLARIFICATION ON THE PROPERTY TAXES DUE AT MARION MEADOWS? UM, 177,000, IS THAT, UM, ANNUAL HALF YEAR, UH, BALANCE DUE? UM, OH, THE, THE, THE REQUEST I HAVE IS, UM, FOR THE ENTIRE YEAR.
SO WE'VE ONLY, UH, HAD TO INITIALLY PAY THE FIRST HALF, BUT, UH, TOTAL TAXES FOR THE ENTIRE YEAR WOULD BE 177,000.
AND AS I SAID, IF THOSE, UH, SOME OF THE PROPERTY IS GOING TO BECOME TAX EXEMPT AS WE WERE TALKING ABOUT IN THE PREVIOUS DISCUSSION, UH, BECAUSE IT'LL BE LIKE A CITY VEHICLE, LIKE, OR A CITY, UH, BUILDING.
LIKE, UH, WHEN WE HAVE A, UM, A NEW CITY HALL GO UP, DOWN, UM, AT, AT THE MEADOWS, UH, THEN THAT WOULD BE, UH, EXEMPTED.
SO, UH, BUT OTHER PROPERTIES DOWN THERE, UM, ARE, UM, PROPERTIES THAT WE'VE TAKEN OVER THAT, UM, EITHER SOME OF THAT PROPERTY WILL BE SOLD OR ELSE IT WILL BE, UM, MAINTAINED AS, UM, LIKE A, UM, THE STRIP MALL THAT'S DOWN THERE.
SO, UM, UH, SOME OF IT WILL BE, UH, TAXABLE AND NOT BECOME TAX EXEMPT.
SO I WOULD EXPECT THAT NUMBER TO GO DOWN OVER TIME.
AND TO, UH, JUST TO CLARIFY, UH, BECAUSE THERE, THERE'S BEEN SOME COMMENT THAT, UM, UH, THE SHOPPING CENTER ITSELF, UM, THAT WAS THE NUMBER WE'RE LOOKING FOR, JUST FOR THE SHOPPING CENTER, BUT WE'RE REALLY TALKING ABOUT ALL THE PROPERTY WE'VE WE'VE ACQUIRED DOWN THERE RIGHT NOW.
THAT'S A QUITE A BIG AREA DOWN THERE.
ANITA, I'M JUST CURIOUS, HADN'T WE PAID PROPERTY TAX OVER THE LAST, SINCE WE'VE OWNED THAT IN 18, TO NOT KNOW HOW MUCH THE PROPERTY TAX WAS GOING TO BE AT THE BUDGET, OR AT LEAST AN APPROXIMATE AMOUNT? WELL, THIS IS, THIS IS NEW PROPERTY THAT WE'VE ACQUIRED.
SO THIS IS THE FIRST YEAR THAT ALL THOSE PROPERTY TAXES ARE BECOMING A, A, A, UM, COMMITMENT THAT WE HAVE TO PAY THAT WE'VE TAKEN OVER THE PROPERTY.
DIDN'T WE BUY THE PROPERTY IN 18? I'M JUST ASKING 'CAUSE I WASN'T HERE.
I THOUGHT WE OWNED THE PROPERTY FOR A FEW YEARS NOW.
WELL, FIRST YEAR YOU'RE NOT GONNA BE TAXED ON.
BUT I THOUGHT WE BOUGHT IT BACK LIKE AN 18 ISH.
I'D HAVE TO CHECK THAT TO BE SURE.
BUT, UH, THIS IS THE FIRST YEAR THAT THE SIGNIFICANT AMOUNT OF TAXES, UH, HAVE HIT US.
AND THEN YOU SAID YOU WERE GONNA GO OVER THIS LAND DEVELOPMENT STUDY HERE NEXT, SO YEAH, THAT'S THE NOT TO EXCEED LEGISLATION, TWO MORE PLACES DOWN ON THE AGENDA.
ANY OTHER QUESTIONS ON THE SUPPLEMENTAL? OKAY.
ANY OBJECTIONS, MAYOR? I, YES.
I JUST WOULD LIKE MORE INFORMATION BEFORE MONDAY OF WHAT WE'RE GETTING FOR $43,000 FOR THE, UM, FOURTH JULY.
ARE WE GONNA HIRE A CARNIVAL COMPANY LIKE WE HAVE IN THE PAST OR ARE WE GIVING FREE RIDE? I JUST A LITTLE MORE INFORMATION.
ARE WE SELLING TICKETS? LIKE THEY DO IT FAIR, LIKE WE ARE GETTING RIGHT, BUT YOU'RE JUST BUYING THE INSURANCE POLICY FOR THAT COMPANY TO COME IN, BUT THEY SHOULD KIND OF HAVE THEIR OWN INSURANCE.
MORE, A LITTLE MORE, A LITTLE MORE INFORMATION WOULD BE APPRECIATED.
FOR ME, IT'S A PRETTY SPECIFIC NUMBER.
SO MEAN THAT BUDGET HAD TO COME FROM SOMEWHERE THAT WAS A DOCUMENT THAT WAS GIVEN TO ME BY THE COMMUNICATIONS COORDINATOR.
SO I COULD HAVE HER DISCUSS THAT WITH, UM, UH, WITH BRIAN, UH, TOMORROW OR THAT PART OF THAT HAD THE ESTIMATE OF WHAT IT'S GONNA COVER.
THAT'S ALL I WOULD NEED TO SEE THE, THE OVERAGE OVER WHAT'S WHAT WAS ALREADY IN THE BUDGET.
WE ALREADY HAD A FIGURE IN THE BUDGET FOR THE FESTIVAL AND, UM, AND THIS IS WHAT IS NEEDED, UH, IN EXCESS OF THAT.
I THINK ONE OF THE THINGS WE'VE ALL TALKED ABOUT IS THAT WE WANTED TO MAKE THE FESTIVAL A MORE FAMILY FRIENDLY EVENT.
I MEAN, OVER THE LAST FEW YEARS, YOU KNOW, THEY'VE HAD A BEER TENT THERE, THERE'S BEEN KIND OF THE, THE OLD TIME BASEBALL GAME.
WE'VE HAD SOME, THE PETTING ZOO, THE PETTING ZOO AND THINGS LIKE THAT.
BUT THERE WASN'T A LOT OF RIDES AND THINGS LIKE THAT, THAT HAD A LOT OF ADULT WANTING TO BRING THEIR KIDS AND CELEBRATE LIKE YOU WOULD THINK OF A NORMAL CARNIVAL FESTIVAL.
SO, I MEAN, THAT'S A, THAT'S A CONVERSATION THAT'S BEEN, THAT'S BEEN GOING ON AT LEAST FOR THREE YEARS.
I GUESS I JUST DIDN'T KNOW WE HAD DEVELOPED TO THAT.
I JUST THOUGHT WE WERE PAYING FOR THE FIREWORKS, WE'RE HAVING THE PARADE, AND I THOUGHT IT WAS GONNA BE THE ONE, BUT MAYBE I'M NOT RECALLING THAT CORRECTLY, SO MAYBE I'M MISSING THE INFORMATION.
SO I THINK, WELL, SO IF YOU REMEMBER RIGHT BACK WHEN, I THINK WE WERE HAVING THE CONVERSATIONS LEADING UP TO THE 4TH OF JULY FESTIVAL, I THINK IN 2020.
AND THAT'S KIND OF WHEN THE, THE RIDES HAD STOPPED BECAUSE THE PANDEMIC WELL, YEAH, EVERY, EVERYTHING STOPPED.
SO THAT'S, THAT'S KIND OF WHEN THE CHAMBER KIND OF GOT OUTTA THAT TOO, BECAUSE THAT WAS RIGHT
[01:05:01]
BEFORE, I MEAN, THAT HAPPENED IN MARCH OF 2020, SO THEN EVERYTHING JUST KIND OF KINDA WENT AWAY.AND THEN, UH, OVER THE LAST COUPLE YEARS, YOU KNOW, WE'VE, WE'VE BROUGHT BACK THE FESTIVAL.
BUT I THINK IT, LOOK IF ANYBODY'S BEEN THERE, I THINK THERE'S NOBODY THAT CAN SAY WITH A STRAIGHT FACE THAT'S BEEN A REAL FAMILY FRIENDLY EVENT FOR KIDS HAVING RIDES AND ATTRACTIONS AND, AND THINGS LIKE THAT.
AND I THINK THAT'S WHAT THE, THE, THE LEAST THE CONVERSATIONS I REMEMBER HAVING, WE WANTED TO ACCOMPLISH THAT.
UM, IS IT PART OF THE MONEY'S GONNA GO TO CONCERTS AND HAVE CONCERTS AND THEN ANN RIDES, LIKE, THAT'S WHAT I WAS LOOKING FOR IS THE DRILL DOWN DETAILS.
WHAT THAT I THINK, AGAIN, IF WE KNOW HOW MUCH MONEY THIS IS OVER SPECIFICALLY ON WHAT WAS BUDGETED BEFORE THEN UH, SARAH WILLIAMS HAS GOT TO HAVE PUT TOGETHER SOME TYPE OF A, OF A BUDGET WITH THAT OR WORK WITH SARAH OKAY.
WE JUST NEED TO GET THAT INFORMATION TO BRIAN SO BRIAN CAN THEN GET THAT INFORMATION TO US ON WHAT THAT'S ACTUALLY ACCOUNTING FOR.
CAN LEGAL ALSO MAKE SURE OUR INSURANCE POLICY DOES COVER US SINCE WE ARE GOING TO BE RESPONSIBLE FOR RIDES, BECAUSE THAT IS USUALLY A RIDER ON AN INSURANCE POLICY.
AND WE WILL, REGARDLESS IF WE CONTRACT WITH SOMEBODY ELSE, IT'S OUR EVENT.
AND I WANNA MAKE SURE LEGALLY WE ARE VERY, WE'RE WHERE WE NEED TO BE FOR THAT.
IF SOMEBODY FORCES ME IN THE DUNK TANK AND I BREAK MY LEG, IS THAT ON ME? NO, IT'S ALWAYS THEY'RE SUING YOU.
UH, ANSWER MS. KITCHEN'S, UH, THING I'VE BEEN STANDING UP WITH THE A AND B AND I GUESS THEY ARE HIRING A COMPANY TO COME IN AND I GUESS THE COMPANY IS CHARGING FOR TICKETS FOR THE RIGHTS.
SO IT IS GONNA BE A, A REGULAR CARNIVAL THAT YOU GO TO A BOOTH, GET TICKETS, GET ARMBANDS TO DO THE, THE RIDES.
SO WITH THE EXCEPTION OF MAKING SURE THAT WE HAVE SOME INFORMATION ON THAT OVERAGE, UH, FOR THE RIDES AT THE HEIGHTS, ANY OTHER OBJECTIONS TO MOVING THIS ONTO MONDAY? AND MAYOR, I WOULD ASK THAT THIS PASS ON MONDAY.
[ County Assessments Removals]
NEXT IS ITEM THREE E COUNTY ASSESSMENTS REMOVALS.UM, UH, I BELIEVE WE DID THIS, UH, LAST TIME I CAME TO COUNCIL WITH THIS WAS, UH, FEBRUARY OF LAST YEAR.
AND, UH, WE'VE GOT A SITUATION WHERE, UH, THERE WERE SOME ASSESSMENTS ON A PROPERTY AND IT WAS, UH, BASICALLY WE HAD DONE SOME, UM, UH, THE ASSESSMENTS WERE FOR GRASS AND WEEDS, UH, ISSUES THAT WE HAD DONE MOWING FOR THAT PROPERTY.
AND THEN WHAT HAPPENED WAS THE PROPERTY CHANGED HANDS.
AND SO THE ASSESSMENT, UH, GETS DONE ONCE A YEAR.
AND SO IT GOT ON THE TAXES STARTING IN JANUARY OF THIS YEAR.
AND IT WAS FOR, UH, WORK THAT WAS DONE ON THAT PROPERTY BACK IN I THINK APRIL AND MAY TIMEFRAME.
AND THE NEW OWNER TOOK OVER IN JULY.
SO THE OWNER HAS ASKED COULD WE REMOVE THOSE ASSESSMENTS? AND THE COUNTY, UH, MONTGOMERY COUNTY, UH, REQUESTED THAT SINCE WE GO BY LEGISLATION TO PUT THE ASSESSMENTS ON, THEY'RE ASKING THAT COULD COUNCIL APPROVE LEGISLATION TO TAKE THOSE ASSESSMENTS JUST FOR THAT PROPERTY OFF BECAUSE OF THAT, UH, THE NEW OWNER.
ANY QUESTIONS? ANY OBJECTION? OKAY.
[ Increase Not To Exceed Amount - S.B. Friedman & Company - Economic Development Department]
F, WHICH IS THE INCREASE HOW TO EXCEED AMOUNT FOR SB FREEMAN AND COMPANY FOR ECONOMIC DEVELOPMENT.UH, HAVE A LITTLE BIT OF, UM, DETAIL IN YOUR PACKET ABOUT THAT.
UH, WE'VE GOT, UH, TWO STUDIES COMING UP, UM, UH, FROM SB FRIEDMAN.
UH, EACH, UH, EACH ONE WAS, UH, UNDER THE $75,000 VENDOR LIMIT.
BUT WE, WE HAVE A LIMIT PER VENDOR OF, WITH OUR NEW PURCHASING POLICY OF 75,000 TOTAL FOR THE YEAR.
AND WITH THESE TWO, UH, STUDIES, UH, THEY'RE GONNA BE PROBABLY BETWEEN THE 145 TO $150,000 RANGE.
AND, UH, SO, UM, WE NEED TO COME TO COUNCIL WITH NOT TO EXCEED LEGISLATION, UH, TO, UH, UH, INCREASE THE AMOUNT THAT WE WOULD SPEND WITH THAT COMPANY UP TO $150,000.
AND, UH, UH, BRIAN, DID YOU WANT TO ADD ANY DETAILS ON, UH, WHAT THOSE, UH, REQUESTS ARE FOR? I THINK THAT QUESTION CAME UP SURE.
SO WE, UM, SO THE CITY'S PREVIOUSLY ENGAGED SB FREEMAN WHEN WE INITIALLY ACQUIRED THE LEHMAN PROPERTY AT THE, UH, AT THE INTERSECTION, UH, OF EXECUTIVE BRAND.
AND THEY DID A MARKET ANALYSIS FOR US TO HELP US UNDERSTAND, UH, WHO OUR TARGET MARKET MIGHT BE FOR THAT PARTICULAR PARCEL.
AND THEIR INITIAL WORK WAS, WAS SPOT ON.
SO, UH, WE'VE HAD SUCCESS WITH SB FRIEDMAN PREVIOUSLY WITH THE WORK THAT WE'VE DONE SINCE, UH, SB FRIEDMAN'S INITIAL STUDY.
UH, WE'VE ENGAGED THEM ALREADY FOR ONE PARTICULAR PIECE OF WORK, WHICH IS FOLLOW UP ON EXECUTIVE BOULEVARD.
SO WITH THE ADDITIONAL, OR I SHOULDN'T SAY WITH THE ADDITIONAL, BUT WITH THE APPROVED APARTMENT COMPLEXES, WITH SOME OF THE, UH, GROWTH THAT WE'RE SEEING IN THE AREA, ABSENT,
[01:10:01]
UH, WHAT'S BEEN, UM, ASSOCIATED WITH, UH, THE POTENTIAL ANNEXATION, UH, THERE ARE CHANGES IN THE MARKET.AND SO ONE OF THE THINGS THAT WE WANT TO BE ABLE TO DO IS MAKE SURE THAT THE WANT OF COUNCIL AND THE DESIRE OF THE COMMUNITY, UM, IS NOT, UM, UH, IS SUSTAINABLE.
AND SO I'LL, I'LL GIVE YOU THE EXAMPLE OF, UH, THE MALL PROBLEM.
THE, THE COMMERCIAL MALL PROBLEM THAT WE HAVE HERE, UM, IN THE MIAMI VALLEY.
SO FAIRFIELD COMMONS, UH, DEGRADED, THE SALEM MALL, IF YOU REMEMBER BACK THAT FAR, FAIRFIELD COMMONS DEGRADED THE SALEM MALL AND THE DAYTON MALL.
UH, THE GREEN THEN DEGRADED FAIRFIELD COMMONS, AUSTIN LANDING HIS DEGRADED, UH, THE GREEN.
AND NOW WE'VE GOT CORNERSTONE, I THINK, IN, WHAT IS IT, CENTERVILLE THERE, UH, THAT'S ALSO, UH, INTERFERING, UH, WITH, UH, THE, UH, UH, THE FINANCIAL, UH, PERFORMANCE OF, OF THOSE, UH, PREVIOUSLY MENTIONED MALLS.
SO ONE OF THE THINGS THAT WE WANT TO BE ABLE TO DO WHILE WE TALK ABOUT A DESIRE TO HAVE NUMEROUS BARS AND RESTAURANTS, NUMEROUS PUBS AND TAVERNS AND THOSE KINDS OF THINGS, AND MAKE THIS OUR REAL ENTERTAINMENT DISTRICT, UH, WE CAN GET CAUGHT UP IN THE MOMENT OF THE, THE, THE EXCITEMENT OF MAKING THAT HAPPEN.
AND WHAT THAT COULD RESULT IN IS ACTUALLY US HAVING AN UNSUSTAINABLE, UM, CLUSTER OF RESTAURANTS IF WE INVEST, IF WE SUPPORT TOO MANY TOO QUICKLY, RIGHT? CAN THEY SUSTAIN AND BE SUCCESSFUL OVER TIME? SO ONE OF THE THINGS THAT WE'VE ENGAGED, UH, SB FRIEDMAN TO DO IS REVIEW AND ANALYZE THAT.
UH, ALSO LOOKING AT THE FACT THAT WE'VE ACQUIRED SOME ADDITIONAL PROPERTY ON THE WEST END.
WHAT DOES THAT LOOK LIKE? AND SOME OF THE TECHNOLOGY THAT'S AVAILABLE TODAY, UH, CAN TELL US WHERE PEOPLE ARE COMING AND GOING.
SO SPECIFICALLY, ONE OF THE THINGS THAT, UH, THEY'LL BE ABLE TO DO IS TELL US WHERE PEOPLE ARE COMING FROM IN THE 60 MINUTES PRIOR TO CONCERT NIGHTS.
UH, AND THEY'LL BE ABLE TO TELL US WHERE PEOPLE ARE GOING IN THE 60 MINUTES IMMEDIATE, IMMEDIATELY FOLLOWING CONCERT NIGHTS.
UH, AND THIS IS ALL DATA, AND THAT'S JUST ONE EXAMPLE OF WHAT TECHNOLOGY CAN DO.
AND THEN WE CAN USE THAT TO MARKET TO OTHER RESTAURANTS AND TO OTHER TAVERNS AND PUBS AND THOSE TYPES OF ESTABLISHMENTS THAT WE WANT TO SEE, AND CAN ALSO TELL US EXACTLY WHAT THE ELASTICITY IS.
IN OTHER WORDS, UH, YOU KNOW, HOW MANY MORE OF THESE PARTICULAR ESTABLISHMENTS CAN WE SUSTAIN? UH, SO WE WANNA MAKE SURE THAT WE'RE BEING VERY MINDFUL AND THOUGHTFUL SO THAT, UH, YOU KNOW, WE'RE NOT JUST SHUFFLING THE DECK CHAIRS ON THE, UH, ECONOMIC TITANIC, SO TO SPEAK.
SO THAT'S THE STUDY THAT WE'VE ENGAGED IN RIGHT NOW, UH, WITH SB FRIEDMAN.
UH, NEXT, THE OTHER THING THAT WE'D LIKE TO DO IS, UH, THE CITY MANAGER HAS ASKED US TO PUT A FOCUS ON THE AREA OF ROUTE FOUR BETWEEN CHAMBERSBURG AND, UH, 70.
THIS IS THE AREA WHERE WE'RE PUTTING IN THE BRAND NEW SEWER SYSTEM, UH, THAT WILL CONNECT TO THE FAIRBORNE PLANT, UH, IN THE NEXT COUPLE OF MONTHS.
AND THAT'S OPENED UP APPROXIMATELY IN TOTAL 3,400 ACRES OF POTENTIAL DEVELOPMENT, BUT SPECIFICALLY THE 700 800 ACRES OR SO THAT ARE KIND OF WEDGED IN BETWEEN CHAMBERSBURG AND THE HIGHWAY.
WHAT WE'VE SEEN NOW IN THE LAST 36 MONTHS, WE'VE SEEN INTEREST FROM A PLASTICS MANUFACTURER.
WE'VE SEEN, UM, INTEREST FROM A SPECULATIVE BUILDER.
UH, WE'VE SEEN INTEREST NOW FROM AN AUTOMOTIVE, UH, MANUFACTURER.
AND SO WE'RE CONTINUING TO SEE, UH, A RECURRENCE OF INTEREST IN THIS AREA.
SO WHAT WE'D LIKE TO BE ABLE TO DO IS ENGAGE SB FREEMAN TO HELP US IDENTIFY WHAT WE NEED TO DO TO BE ABLE TO TAKE THAT INTEREST AND KICK IT ONE NUT FARTHER TO COMMITMENT.
AND SO WE'VE GOT SOME CHALLENGES IN THAT AREA.
WE'VE GOT A FLOODPLAIN AND THE RETARDING BASIN FROM, UH, MIAMI CONSERVANCY DISTRICT IS IN THERE.
UH, WE NEED TO RE, UH, ALIGN, UH, WHAT IS NEW CARLISLE PIKE.
AND THEN WE'VE GOT SOME OTHER ISSUES IN THERE, UH, WITH RESPECT TO, UH, TO ACCESS, UH, FOR, UH, UH, FOR, UH, THE, THE COMMERCIAL AND INDUSTRIAL TYPE VEHICLES.
SO WE WOULD LIKE TO ENGAGE SB FRIEDMAN TO, TO REVIEW AND EVALUATE ALL OF THAT AREA, LOOK AT THOSE CHALLENGES, LOOK AT SOME OF THOSE, UM, OPPORTUNITIES AND REPORT BACK TO STAFF WHAT WE MIGHT NEED TO DO TO APPEAL TO, UH, PARTIES OUTSIDE US, UM, SO THAT WE CAN GET MORE, MORE ACTION, MORE ACTIVITY, AND EVENTUALLY MORE COMMITMENT TO SEE ECONOMIC DEVELOPMENT THAT IS NOT RESIDENTIAL OR THAT IS NOT RETAIL IN THAT AREA.
SO WE CAN CONTINUE TO DIVERSIFY THE ECONOMY.
AND THAT'S WHAT THIS PARTICULAR MEASURE WILL ALLOW US TO DO, IS TO ENGAGE SB FRIEDMAN FOR THAT SECOND STUDY SO THAT WHEN WE GET TO THE END OF 2024, WE'VE GOT AN IDEA OF WHAT WE NEED TO START FOCUSING OUR INVESTMENT PRIORITIES ON IN THAT AREA.
SO A LONG-WINDED ANSWER, BUT, UH, THAT'S, THAT'S THE REASON WHY THIS MATTERS BEFORE COUNCIL.
ANY QUESTIONS, DON? YEAH, JUST FOR BRIAN TO CLARIFY THEN, BRIAN, IS THIS A, A FEW TARGETED AREAS OR IS THIS SORT OF A, UH, MILE HIGH CITYWIDE, UH, LOOK AT DEVELOPMENT? NO.
SO THIS PARCEL, SO THIS PARTICULAR STUDY, WHAT WE NEED, UM,
[01:15:01]
THIS INCREASE IN, IN, IN VENDOR, UH, AUTHORITY WITH IS SPECIFICALLY TARGETED TO CHAMBERSBURG WEST TO THE SECTION LINE.SO NOT QUITE TO THE TOP OF THE HILL.
YOU CAN SEE WHERE THE, IF YOU, WE WERE LOOKING AT AN AERIAL PHOTO, YOU COULD SEE WHERE IT'S DELINEATED.
THERE'S A FENCE LINE THAT RUNS CLEAR NORTH AND SOUTH, THAT IS THAT SUBSECTION OF THE, UH, OF THE TOWNSHIP FROM BACK IN THE DAY.
UH, AND THEN THAT RUNS DUE NORTH UP UNTIL YOU GET TO, UH, TO THE HIGHWAY.
SO THAT WOULD INCLUDE, UH, THE PLANT THAT IS, UH, WAS THE LEHIGH HANSON PLANT.
AND THEN THERE'S ANOTHER, UH, CONCRETE, UH, FACILITY THERE, AND THEN SOME VACANT FARMLAND.
SO IF YOU CAN IMAGINE ALL OF THAT TO THE HIGHWAY, UH, DOWN TO CHAMBERSBURG IS WHAT WE'RE LOOKING AT.
SO IT'S JUST TARGETED TO THAT AREA.
ANY OBJECTIONS TO MOVING THIS ON TO MONDAY? OKAY.
[ Water Treatment Plant - Pressure Filter Improvements - Award Contract]
WATER TREATMENT PLANT AND THE PRESSURE FILTER IMPROVEMENTS AND AWARDING THAT CONTRACT, RUSS? YEAH, GOOD EVENING COUNSEL.UM, THIS LEGISLATION, UH, WILL ALLOW THE CITY TO ENTER A CONTRACT WITH BURGESS AND PLE TO CONDUCT A DETAILED INVESTIGATIVE STUDY TO IDENTIFY THE CAUSES OF, UH, SOME MEDIA LOSSES WE'RE HAVING AT THE, AT THE TREATMENT PLAN IN OUR LARGE, UH, FIVE PRESSURE FILTERS AT THE PLANT.
UH, I DID INCLUDE A PICTURE IN YOUR PACKET OF THE FILTERS SO YOU CAN SEE, UH, WHAT WE'RE DEALING WITH AND HOW BIG THEY ARE.
UH, ALSO, I INCLUDED A COPY OF BURGESS AND NIS PROPOSAL, UH, SO YOU CAN GET AN IDEA OF WHAT THE, WHAT TYPE OF WORK IS GONNA BE DONE THERE.
UH, THE PROPOSAL IS VERY DETAILED AND IT LISTS ALL THE ENGINEERING AND CONSTRUCTION SERVICES THEY WILL PROVIDE.
UH, THIS WILL BE OVER MANY, MANY MONTHS OF INVESTIGATIONS AND IMPROVEMENTS THAT WE NEED TO MAKE DOWN THERE.
UH, THE PURPOSE OF THIS STUDY IS TO FIND THE CAUSE OF THE MEDIA LAWS AND TO RECOMMEND THE NECESSARY MODIFICATIONS AND IMPROVEMENTS TO THE FILTERS, UH, THE PIPING, THE CONTROLS, THE SOFTWARE, UH, ANYTHING THEY CAN FIND THAT IS NEEDED TO, UH, TAKE CARE OF THE ISSUE.
UH, THEY ALSO PROVIDE ENGINEERING SERVICES DURING ANY CONSTRUCTION WORK THAT WE NEED DONE.
UH, THE LOSS OF THIS MEDIA, WHICH IS INCLUDES, UH, DIFFERENT LAYERS OF GRAVEL, ANTHRACITE, AND GREEN SAND.
IT'S BEEN A SLOWER PROCESS OF LOSING IT OVER THE LAST YEAR OR TWO YEARS.
UH, AND THE PLANT OPERATOR HAS HAD MANY CONSULTANTS VISIT THE PLANT TO TRY TO HELP FIGURE OUT THE ISSUE.
UH, BRUCE AND IPO IS THE ONLY CONSULTANT THAT WE FELT THAT HAD AN EXPERT IN THIS AREA OF PRESSURE FILTER, UH, PORTIONS OF THE WATER PLANT, UH, TREATMENT THAT, UH, WE FELT KNEW WHAT HE WAS TALKING ABOUT.
SO THAT'S WHY WE KIND OF WANTED TO USE THEM.
UH, THE MEDIA IN EACH FILTER WAS REPLACED ABOUT FIVE YEARS AGO.
AND, UH, SO WE, THIS IS VERY IMPORTANT.
WE FIX THIS MEDIA PROBLEM BECAUSE OTHERWISE WE'LL BE REPLACING THE MEDIA, UH, EVERY FEW YEARS INSTEAD OF EVERY 10 TO 15 YEARS, UH, WHICH IS WHAT IT SHOULD BE.
AND REPLACING, REPLACING THE MEDIA IS ABOUT $200,000 IN EACH ONE OF THOSE FILTERS.
YOU'RE LOOKING AT A MILLION DOLLARS OF FILTER MEDIA TOTAL.
UM, EACH FILTER, UH, HAS TWO CELLS, TWO HALF CELLS.
AND WE KNOW THAT DURING THIS YEAR, DURING THIS PROCESS, WE'RE PROBABLY GONNA HAVE TO REPLACE THE FILTER MEDIAN IN HALF OF EACH ONE OF THOSE, UH, UH, CELLS OR HALF OF THE TANK ITSELF.
AND, UM, DUE TO THE FACT OF THE MOST OF THE MEDIA LOSSES HAVING IN, INTO THE, IN, UH, I THINK THE INTERIOR PORTION OF THE FILTERS, THE CELLS ON THE INSIDE.
UM, SO I WILL BE COMING BACK LATER THIS YEAR TO, UH, POSSIBLY BE DOING THAT WORK AFTER THEY INVESTIGATE TO FIND OUT FOR SURE WHAT WE NEED TO DO.
UM, AND I WANTED TO LET YOU KNOW THAT ANY, ANYTIME THIS MEDIA LOSS WE'VE HAD HAS NOT, UH, AFFECTED THE PLANT OPERATING, UH, IT'S OPERATING PROPERLY AND IT'S MEETING ALL EPA REGULATIONS.
SO THERE'S NO CHANGE REALLY TO IT IN THE WATER.
UM, WE LIKE TO USE BURGESS KNIFE ON THIS PROJECT SINCE WE HAVEN'T BEEN ABLE TO FIND ANOTHER CONSULTANT THAT, UH, WAS ABLE TO DO THE JOB.
UH, THE TOTAL COST FOR THE SERVICES, UH, WITH REIMBURSABLE EXPENSES IS $226,350, UH, WHICH IS NOT TO EXCEED A 250,000.
AND THE WATER FUND WILL BE USED, UM, FOR THAT.
UM, TONIGHT I DO HAVE THE PLANT OPERATOR HERE AND THE GENTLEMAN FROM BURGESS AND PLE WHO WILL BE DOING THE STUDY IF ANYBODY HAS ANY QUESTIONS.
ANY QUESTIONS? ANITA, YOU KNEW THIS WAS COMING.
BURGESS AND NILES WHO DID OUR WATER STUDY, CORRECT? YES.
ARE WE GOING TO FOLLOW, WE ARE NOT FOLLOWING THE WATER STUDY THAT WE DID FROM THEM.
ARE WE GONNA FOLLOW THIS WATER STUDY? UH, THAT'S TO DO WITH THE WATER REMAIN REPLACEMENT, RIGHT? THIS IS THE PLANT STU ISSUE.
BUT THERE WASN'T ANYTHING REALLY IN THE INTEGRITY STUDY THAT ADDRESSED OPERATIONS AT THE PLANT.
SO THIS IS REALLY A TOTAL SEPARATE ISSUE.
WELL, I'M JUST CONCERNED 'CAUSE WE KEEP SPENDING MONEY ON STUDIES AND WE'RE NOT FOLLOWING.
WELL, WHEN I, WHEN I COME BACK TO THE REPLACEMENT PROJECT WITHIN
[01:20:01]
THE NEXT PROBABLY MONTH OR SO, UM, I'LL GO OVER THAT.I, I AM USING THE INTEGRITY STUDY TO HELP ME COME UP WITH THE STREETS NEEDED TO REPLACE WATER NEEDS.
SO YEAH, I MEAN, I'M JUST KIND OF ALL OVER WE'RE, WE'RE GONNA USE THE PROGRAM.
I WAS TRYING TO GET A LOT OF THE, THE REPLACEMENTS DONE THAT WERE IN STREETS THAT HAD THE MOST REPAIRS AND GETTING ALL THOSE.
AND WE'RE NOW GETTING TO THE POINT WHERE WE'RE GETTING MOST OF THOSE OR A LOT OF THOSE, BUT WE'RE STILL, UH, UH, WE'LL, WE'RE GONNA TAKE THE STUDY INTO ACCOUNT AND ANYTHING AFTER THAT WILL BE, WELL, I'M JUST, I'M REALLY CONCERNED 'CAUSE TONIGHT WE LEARNED THAT WE ARE NOT GETTING THIS MONEY IN 2025 OR 2026 THAT WE HAD SAID WE WERE GOING TO USE TOWARD THE WATER REPLACEMENT.
AND IN JUST READING THE STUDY, IT'S LIKE WE'RE GETTING BEHIND THE EIGHT BALL AND I'M JUST, I'M VERY CONCERNED.
WELL, LIKE I SAID THOUGH, THIS PORTION IS NOT REALLY PART OF THE INTEGRITY STUDY.
ANY OTHER QUESTIONS, SCOTT? YEAH, THANKS MAYOR.
UM, RUSS, THE NEW COUNCIL WENT THROUGH THE PLAN IN DECEMBER AND THIS WAS AN ISSUE, WHAT WE TALKED ABOUT WHEN THEY DID THE BACK FLUSH AND IT WAS GETTING INTO THE SOFT WATER TUBES AND THEN CLOGGED THEM UP, WHICH WOULD EVEN CAUSE MORE PROBLEMS. NOT JUST THE MEDIA, BUT THE SOFT WATER PART OF IT.
I DIDN'T GO INTO ALL THE, ALL THE ISSUES, BUT YES, IT'S GETTING INTO THE, UH, UH, FILTERS USED FOR SOFTENING AND IT'S AFFECTING THOSE, THAT'S WHY ANOTHER REASON WE NEED TO ADDRESS THIS ISSUE, STOP THAT ISSUE.
THAT'S WHY I SAID SO EVEN MORE EXPENSE TO EVEN REPLACE THOSE.
'CAUSE I THINK THOSE SLATS WERE, WHAT YOU SAID WAS PRETTY COSTLY TOO.
SO HE'S DOWN TO, IS IT CLEANING EVERY THREE MONTHS WHEN IT SHOULD BE AT LEAST ABOUT SIX MONTHS, SO SURE.
RU DID YOU WANNA INTRODUCE THE PEOPLE THAT ARE HERE? UH, YES.
AND, UM, CARL, IS IT SIEGFRIED? YES.
HE BE, HE'LL BE, THOSE TWO WILL BE WORKING TOGETHER NOW AT TO PLANT FOR THE NEXT PROBABLY SIX, AT LEAST SIX MONTHS OR SO TO ADDRESS THESE ISSUES.
[ Quail Ridge Subdivision - Street Dedication]
IS SOME STREET DEDICATIONS FOR THE QUAIL RIDGE SUBDIVISION, WHICH IS ITEM THREE H RUS.UH, WHAT THIS LEGISLATION IS FOR APPROVAL AND ACCEPTANCE OF ONE STREET, WHICH IS QUAIL RIDGE.
UH, WITHIN THAT SUBDIVISION QUAIL SUBDIVISION, UH, MAP IS ENCLOSED IN THE PACKET TO SHOWING THE STREET, WHICH IS LOCATED ON CHAMBERSBURG ROAD, JUST EAST OF LEXINGTON PLACE.
UH, THE STREET WAS INSPECTED AND FINAL REPAIRS WERE ALL MADE AND THE FINAL COURTS OF ASPHALT WAS COMPLETED.
UM, SO THIS, THIS LEGISLATION WILL MAKE IT A PUBLIC STREET WHICH WILL BE MAINTAINED BY THE CITY.
AND, UH, PLOWING AND REPAIRS WILL BE TAKEN CARE BY THE CITY.
ANY TRUST? ANY QUESTIONS? ANY OBJECTION? OH, SCOTT, WELL, I HAVE TO ASK SOMETHING.
THIS IS MY WARD, SO
UM, RUSS, DO YOU KNOW IF THEY HAVE A HOA THAT TAKE CARE OF THE RETENTION PONDS? I NEVER HEARD THEY HAVE.
BECAUSE I DON'T THINK THEY DID.
THE REASON I ASK IS 'CAUSE JUST A MONTH AGO THEY DID DRAIN ONE OF THE RETENTION PONDS, WHICH DID FLOOD SOME NEIGHBORS IN LEXINGTON PLACE.
YEAH, I THINK THEY DRAINED THAT IN ORDER TO CLEAN OUT THE BOTTOM SEDIMENT THAT WAS ACCUMULATED DURING THE CONSTRUCTION PROCESS.
AND THAT WILL NOT BE YEAR YEARLY.
I DON'T, THEY SHOULDN'T BE DOING THAT AGAIN.
BUT CAN WE LOOK INTO TO MAKE SURE THERE IS A HOA THAT TAKE CARE OF THE PONDS AND THE ALGAE AND YEAH, I'M SURE THERE THEY HAVE SOMETHING IF I DON'T SEE ANY DIFFUSERS OR FOUNTAINS OR ANYTHING LIKE THAT, AND IT'S GONNA BE STALE WATER.
THAT'S ALL I HAVE, MAYOR HERE.
WE'LL MOVE THIS ON TO MONDAY AS WELL.
[ 2024 Street Program - Award Contracts]
IS ITEM THREE I, WHICH IS A 2024 STREET PROGRAM AND AWARDING THOSE CONTRACTS.UH, YES, THIS IS, UH, LEGISLATION, UH, IS FOR, WELL, WE, WE BID THE PROJECT, IT CONSISTED OF TWO SECTIONS, UH, A AND B.
UH, AND THEN WE, I THINK WE HAVE THE BID TABULATION, UH, YOU HAVE A COPY OF THAT.
UH, SECTION A WAS FOR THE MILLION PAVING, PAVING OF 22 DIFFERENT STREETS, UH, SCATTERED THROUGHOUT THE CITY, AND I THINK WE MAP IN THERE FOR THAT.
UM, AND THIS COMES TO APPROXIMATELY FIVE MILES WORTH OF STREETS.
UH, TWO BIDDERS THIS YEAR IS A TYPICAL, WE HAVE BARRETT PAVING AND, UH, JOHN R JERGENSEN.
IT'S THE ONLY TWO BIG COMPANIES THAT DO THIS TYPE OF WORK.
AND, UH, THE LOWEST AND BEST BID FOR THIS SECTION WAS BARRETT PAVING AT $1,666,544 AND
[01:25:01]
35 CENTS.AND SO WE'D LIKE TO AWARD IT TO THEM.
UH, JOHN R JERGENSEN WAS ONLY $2,200 HIGHER THAN THEM OUT OF A $1.6 MILLION PROJECT.
THEY'RE ALWAYS WITHIN $20,000, TYPICALLY FOR SOME REASON.
UM, SO WE'D HAVE AN NOT TO SEED ON THAT PORTION OF THE PROJECT AT $1,833,000.
UH, THE SECOND WAS, UH, SECTION B WAS FOR APPLYING, UH, RECITE TO, UH, SOME OF THE MINOR STREETS AND CUL-DE-SACS WITHIN THE PROGRAM.
AND THE ONLY BIDDER ON THAT WAS PAVEMENT TECHNOLOGIES AT A PRICE OF $24,278, UH, NOT TO EXCEED OF 27,000.
UH, SO WE'D LIKE TO AWARD SECTION B TO THAT COMPANY.
AND THEN LASTLY, UH, LEGISLATION, UH, ALSO AWARDS INSPECTION SERVICES OF THE PAVING TO BOWSER MOURNER AT A NOT TO EXCEED OF $28,000.
AND WE USE THEM EVERY YEAR TO DO THE INSPECTIONS ON THE, UH, ON THE PAVEMENT.
UM, AND THIS PROGRAM IS, UH, FUNDED THROUGH THE STREET, UH, IMPROVEMENT AND TAX LEVY AND GAS TAX FUNDS.
ROSS, YOU HAVE ANY QUESTIONS? WE'VE BEEN DOING THIS A WHILE.
ANY OBJECTIONS? OKAY, THE NEXT IS
[ 2024 Sidewalk Program And Concrete Portion Of 2024 Street Program - Award Contracts]
ITEM THREE J, WHICH IS THE 2024 SIDEWALK PROGRAM IN THE CONCRETE PORTION OF THE STREET PROGRAM AND AWARDING THAT CONTRACT.UH, THIS ONE, UM, WE HAD, UH, CONSIST OF THREE SECTIONS, A, B, AND C.
AND IT'S ALSO ON YOUR BID TAB.
UH, SECTION EIGHT WAS FOR THE SIDEWALK PROGRAM, WHICH IS, LIKE YOU SAY, IS A YEARLY.
ALL THESE ARE YEARLY PROGRAMS. UH, IT'S REPLACING SIDEWALKS AND DRIVE APPROACHES IN THE AREAS OF THE PROGRAM THAT WERE SELECTED.
UM, THERE WERE TWO BIDDERS ON THIS SECTION.
THE LOWEST AND BEST BIDDER IS MULTITASK CONSTRUCTION AT $119,881 AND 40 40 CENTS.
UH, THEY COMPANY HAS DONE WORK ON OUR SIDEWALK AND CURB PROGRAM MANY TIMES OVER THE LAST FEW YEARS, AND WE'VE ALWAYS BEEN, UH, HAPPY WITH THEM.
UH, THE NOT TO EXCEED ON THAT IS 132,000.
UH, SECTION B WAS FOR THE LEVELING OF UNEVEN SIDEWALK.
UH, INSTEAD OF REPLACING THE SIDEWALK, SOME OF THE UNLI ONES, WE HIRE, UH, A ONE CONCRETE LEVELING, UH, TO DO THAT WORK.
AND THAT WAS ONLY A, A SMALL PORTION, IT'S $2,250.
AND THEN THE THIRD SEC, UH, OH, PART OF THAT SECTION, THAT SECTION B, WE ACTUALLY ALREADY GOT A PO FOR THEM TO DO THE WORK.
SO IT, IT WAS TAKEN OFF THE LEGISLATION, BUT IT'S IN YOUR PACKET.
UM, AND THE LAST ONE IS SECTION C, THE CURB REPLACEMENT.
UH, THIS IS ALSO TO REPLACE BAD CURB ON THE STREETS THAT ARE LISTED IN THE PAVING PROGRAM.
UM, AND THE ONLY BIDDER WE HAD ON THAT WAS ALSO MASS, UH, MULTITASK AT $792,487 AND 50 CENTS.
UM, AND THEY'VE DONE THIS CURB PROGRAM BEFORE TOO.
SO, AND THAT'S NOT TO EXCEED OF $872,000.
UM, SIDEWALK PROGRAMS FUNDED THROUGH THE CAPITAL FUND AND THE CONCRETE PORTION OF THE STREET PROGRAM IS FUNDED THROUGH THE STREET CAPITAL STORM AND GAS TECH FUNDS.
ANY QUESTIONS, MARK? YEAH, MAYOR, IT'S, UH, EASY TO FORGET THE HARD WORK THAT'S PUT INTO THE STREETS, THE CURBS AND THE SIDEWALKS.
BUT IN REPRESENTING WARD FIVE, THE OLDEST WARD IN HUBER HEIGHTS, I HAVE TO COMPLIMENT YOU, RUSS, FOR HELPING MANAGE THE PROJECT THAT SAW BOTH OLD TROY PIKE AND BRANT PIKE AND WARD FIVE OVERLAID.
UH, THAT WAS PROBABLY SOME OF THE FINEST MANAGEMENT I'VE SEEN.
UM, THE WAY IN WHICH THEY WENT AT THE PROJECT AND THE QUALITY OF THE PAYMENT PAVEMENT EVEN TODAY IS OUTSTANDING.
SO IT, AGAIN, IT'S EASY TO FORGET WHAT THEY USED TO LOOK LIKE 30 YEARS AGO, BUT YOU'VE DONE A GOOD JOB.
AND WHERE JIM BELL HAS MANAGED THE FINANCES, YOU'VE MANAGED THE INFRASTRUCTURE, SO I APPRECIATE THAT.
BOTH THOSE PROGRAMS REALLY WELL.
YOU'LL HAVE TO INVITE HER HERE SOMETIMES SO WE CAN SEE HER TOO.
YOUR, IS THAT YOUR STAFF? UH, WELL, MY TWO INSPECTORS AND THAT'S IT.
AND WE HAVE HOW MANY LANE MILES? UH, 200, WELL, LANE MILES, 400 SOMETHING.
AND YOU HAVE A STAFF OF FIVE? YEAH.
[ Crosswalk Stamping - Award Contract]
NEXT IS ITEM THREE K, WHICH IS THE CROSSWALK STAMPING AND AWARDING THAT CONTRACT.I BROUGHT THIS SEAT IN THE FALL.
UH, WENT, WE DID GO OUT THE BID ON THIS, UH, AND THIS IS FOR FOUR INTERSECTIONS ON BRANT PIKE AND ONE INTERSECTION ON OAK TROY PIKE.
[01:30:01]
I'D INCLUDE A MAP IN YOUR PACKET.UM, THESE ARE ALL WITHIN THE RECENTLY PAVED ODOT AREAS THAT WERE ON THOSE ROADS.
UH, AND THE CROSSWALK STANFORD WE'RE TO DO IS, UH, THE SAME TYPE THAT WAS USED AT BRANT PIKE IN CHAMBERSBURG.
UH, WE DID, WE MADE SURE OF WHAT TYPE WAS USED THERE.
SO WE BID IT WITH THAT SAME PROCESS.
UH, THEY WERE FROM A NA SAFETY AND KIN PAVING.
AND THESE ARE THE TWO THAT GAVE THE EQUAL WEST, UH, A NA SAFETY WAS THE LOW AT $211,316 AND 59 CENTS.
UM, WE'D LIKE TO AWARD IT TO THEM TO A, A SAFETY AT 232,000 AS A NOT TO EXCEED.
UM, AND I JUST WANNA LET YOU KNOW THE, WE ARE DOING CROSSWALK STAMPING ON OLD TROY PIKE, UH, WITH A SEPARATE CONTRACT THROUGH, UH, AT THE END OF THAT PROJECT LATER ON, PROBABLY THE FALL.
AND, UH, THOSE TAYLORSVILLE AND THEN TROY AND
SO, BUT THIS IS THE FIVE, 500 SECTIONS WE, THIS TIME.
SO WE AWARD THIS CONTRACT NOW ABOUT WHEN DO WE THINK THIS WORKS CAN BE UNDERWAY? I THINK THEY'RE PLAN ON GOING WITHIN THE NEXT, I'D SAY TWO TO THREE MONTHS TOPS.
ANY QUESTIONS? YES, NANCY, I KNOW IT'S NOT PART OF THIS, I KNOW IT'S NOT PART OF THIS PROJECT, BUT WHEN THEY DO THE WORK AT CHAMBERSBURG AND 2 0 2, WILL THIS BE DONE THERE? NO, WE'RE NOT DOING THAT INTERSECTION YET.
UH, WE'RE GONNA WAIT TILL ODOT PAVES THAT AREA.
ODOT, YOU SAID CHAMBERSBURG AT OLD TROY WHERE WAWA IS GOING IN THAT INTERSECTION? YEAH, THAT'S, WE'RE WE APPLIED TO ODOT PAVE THAT, AND USUALLY IT, IT'LL STILL TAKE TWO, THREE YEARS BEFORE THEY'LL PAVE IT, AND THEN WE'LL DO IT AT THAT POINT.
YEAH, THERE'LL BE, I THINK THERE'S POINT ON STARTING HERE.
THEY ALREADY CLEARED SOME I THINK SO.
THEY ALREADY CLEARED THE SITE.
YEAH, MAYOR, I, I THINK YOU HAD MENTIONED THIS STAMPING AT THE INTERSECTIONS WAS AN ITEM THAT YOU GOT A LOT OF RESPONSE FROM THE TAXPAYERS.
AND RUSS, I, AGAIN, I HAVE TO COMPLIMENT YOU AND YOUR STAFF THAT WHEN COUNSEL ASKS FOR THINGS LIKE THIS, YOU, YOU ALWAYS COME THROUGH.
IT, IT APPEARS EASY, BUT I APPRECIATE YOUR DILIGENCE AND SOMETIMES IT TAKES A WHILE.
BUT YEAH, I TRY AND A LOT OF WORK AND I APPRECIATE THAT.
OKAY, ANY OTHER QUESTIONS? OKAY.
ANY OBJECTIONS TO MOVING THIS ON TO MONDAY? OKAY.
[ Purchase/Lease - Sewer Vac Truck - Veolia Water]
THREE L, WHICH IS A PURCHASE AND LEASE OF A SEWER VAC TRUCK, UH, FOR VEOLIA WATER.SO, UH, THIS LEGISLATION ALLOW JUST A NEW, IT'S A COMBINATION JET, VACUUM SEWER TRUCK, UM, OR IT'S GONNA BE REPLACING A 17-YEAR-OLD VAC CON TRUCK THAT WAS, UH, WORKED WELL OVER THE YEARS, BUT RECENTLY IT HAS A LOT OF REPAIRS AND, UH, I THINK THEY FEEL LIKE IT'S TIME FOR IT TO MOVE ON TO GET A NEW ONE.
UH, THE OLD TRUCK WAS LEASED AND, UH, IT WILL JUST BE RETURNED.
UH, THE QUOTE WAS FROM BEST EQUIPMENT COMPANY TO PURCHASE THIS TRUCK AT $496,116.
I DID INCLUDE A PICTURE OF IT IN YOUR, IN YOUR PACKET, SO YOU CAN TAKE A LOOK AT THAT.
UM, AND THIS TRUCK WILL BE PURCHASED AS A LEASE THROUGH THE CITY, UH, BUT NOT TO EXCEED AMOUNT ON THAT TRUCK WAS FOUR 550,000.
AND THIS AMOUNT WAS APPROVED IN LAST YEAR'S SAN TERRY SEWER BUDGET.
IT'S A GOOD LOOKING TRUCK, BUT I IMAGINE IT'S GONNA GET DIRTY REAL SOON HERE, CONSIDERING WHAT IT'S FOR.
[ Montgomery County 911 Plan Approval]
NEXT IS ITEM 3M, WHICH IS THE MONTGOMERY COUNTY 9 1 1.BRIAN, UH, THANK YOU, MR. MAYOR.
UH, FOR THOSE MEMBERS OF COUNCIL IN THE COMMUNITY WHO MAY NOT BE AWARE, THE STATE RECENTLY CHANGED, UM, SEVERAL OF THE, UM, LEGISLATIVE GUIDELINES AND RULES THAT ARE APPLICABLE TO, UH, THE, UH, PUBLIC DISPATCH CENTERS.
UH, AND ONE OF THOSE IS, UH, HOW THOSE CENTERS ARE FUNDED, UH, AND, UH, HOW THE AUTHORITY TO FUND THOSE CENTERS IS PRESENTED TO, UH, THE LOCAL REGIONS OR COUNTIES.
UH, IN THIS PARTICULAR INSTANCE, THE COUNTY IS REQUIRED TO ADOPT A PLAN THAT IS REFLECTIVE OF THE NEW RULES AND PROCEDURES.
UH, WHAT WE'RE ASKING COUNSEL TO DO, UH, AND OTHER COMMUNITIES ARE BEING ASKED TO ADOPT THIS LEGISLATION, IS TO AFFIRM THE CURRENT PLAN, UH, WHICH ENSURES THAT BOTH THE CITIES OF HUBER HEIGHTS AND KETTERING, AS WELL AS THE COUNTY REGIONAL DISPATCH CENTER, CONTINUE TO RECEIVE FUNDING UNDER THE OLD PLAN, UH, UNTIL, UH, THE NEW FUNDS COME AVAILABLE.
AND THE, UH, 9 1 1 COMMITTEE, UH, CAN, UH, ASSESS WHETHER OR NOT THERE ARE, UH, ADDITIONAL RESOURCES AVAILABLE TO DISTRIBUTE TO THE OTHER, UM, DISPATCH CENTERS IN THE COUNTY.
SO, UH, THIS IS, UH, LEGISLATION WE WOULD ASK THAT COUNCIL ADOPT, UH, THERE
[01:35:01]
IS A TIMELINE WHICH IS APPLICABLE, I BELIEVE APRIL 3RD, UH, IS WHEN THE NEW PLAN NEEDS TO GO INTO EFFECT FROM THE COUNTY.AND SO WE WOULD ASK THAT COUNCIL ADOPT THIS LEGISLATION ON MONDAY EVENING.
SO THIS LEGISLATION, ESSENTIALLY, IF WE PASS THIS ENSURERS THAT, UM, WE DON'T LOSE ANY FUNDING FROM WHAT WE'RE CURRENTLY RECEIVING, UH, CORRECT.
SO UNDER THE CURRENT PLAN, UH, THE THREE, A QUICK HISTORY LESSON, UH, THERE WAS A TIME WHEN ALL OF THE JURISDICTIONS THAT RAN DISPATCH CENTERS RECEIVED SOME KIND OF FUNDING.
UH, THEN POLITICALLY, SEVERAL YEARS AGO, THERE WAS AN EFFORT TO TRY AND COMPEL, UH, COOPERATIVE EFFORTS.
AND SO, UH, THE FUNDING PLAN CHANGED AND THE, THE THREE LARGEST DISPATCH CENTERS BECAME THE, THE RECIPIENTS.
THE IDEA BEING THAT THE SMALLER DISPATCH CENTERS WOULD THEN BE, UH, EITHER FORCED TO PARTNER WITH THE LARGER DISPATCH CENTERS OR THE LOCAL JURISDICTIONS WOULD RAISE THE APPROPRIATE TAXES NECESSARY TO OPERATE THEIR OWN DISPATCH CENTERS.
UH, NOW AGAIN, UH, THE, THE PHILOSOPHY HAS CHANGED, UH, AT THE STATE LEVEL.
AND SO THEY ARE PROVIDING FOR A VERY SHORT TERM, I THINK IT'S A TWO YEAR INCREASE IN THE RATE, UH, THE 9 1 1 FUNDING RATE, BUT THE COUNTY, OR EXCUSE ME, BUT THE STATE IS ALSO GETTING A LARGER, UH, PULLBACK.
SO RIGHT NOW, UH, THE TAKES, UH, THE STATE TAKES, I THINK IT'S 3% OF THE REVENUE UNDER THE NEW, THEY'LL TAKE 25.
WE'RE GOING, UH, WE'RE GONNA SEE ALMOST A, A DOUBLE IN THE RATE, UH, FOR THAT TWO YEAR PERIOD.
AND SO THERE'S A LOT OF UNKNOWNS ABOUT WHAT THIS LOOKS LIKE.
SO RIGHT NOW, THE CURRENT PLAN IS THAT, UH, EFFECTIVELY THE COUNTY KETTERING AND HUBER HEIGHTS WILL BE KEPT WHOLE AND IN THE FUTURE THAT IF THERE'S ANY MONEY THAT COMES IN ABOVE WHAT WE CURRENTLY RECEIVE, THAT MONEY WOULD BE DISTRIBUTED TO THE OTHER, UH, THE OTHER DISPATCH CENTERS.
UH, THAT'S KIND OF THE WORKING PLAN FOR NOW, BUT IN THE SHORT TERM, WE DO NEED THIS PASSED SO THAT WE CAN BE KEPT WHOLE, UH, THE CITY RECEIVES JUST OVER $200,000 ANNUALLY IN DISPATCH FEES TO, TO OPERATE OUR CENTER.
SO WE WOULD ASK THAT, UH, AGAIN, COUNCIL ADOPT THIS, UM, ON MONDAY BECAUSE THE DEADLINE TO ADOPT, UH, A PLAN FOR THE COUNTY IS APRIL 3RD.
ONE LAST THING, RYAN, JUST TO REMIND ANYBODY WHO'S WATCHING OR MIGHT NOT KNOW OUR DISPATCH CENTER.
SO WHEN WE DISPATCH, WE TALK ABOUT ONE OF THE REASONS THAT HE WRITES KETTERING AND THE COUNTY DISPATCH CENTER GETS THAT MONEY IS BECAUSE WE DISPATCH FOR, UH, CORRECT.
SO WE DISPATCH NOT JUST FOR, UH, THE CITY, BUT WE ALSO DISPATCH FOR, UH, BUTLER TOWNSHIP AS WELL AS THE CITY OF RIVERSIDE.
SO THAT, UH, IS IS WHY WE HAVE, UH, THE BENEFIT OF THESE FUNDS IS BECAUSE WE ALSO CONTRACT WITH THOSE COMMUNITIES AS WELL AND, AND SERVE THEM.
SO, UH, AND THEN OF COURSE WE'RE TIED IN WITH, UH, OUR NEIGHBORING JURISDICTIONS.
UH, IN THE EVENT WE HAVE SOME KIND OF, UH, CATASTROPHE OR SOME KIND OF DIVA DISASTER, UH, WE CAN SUPPORT OUR NEIGHBORS AS WELL AS THEY CAN SUPPORT US.
ANY QUESTIONS? I HAVE A QUESTION.
BRIAN, YOU MENTIONED BUTLER TOWNSHIP AND THE CITY OF RIVERSIDE THAT WE, UH, DISPATCH AND BECAUSE OF THAT WE'RE GOING TO BE ABLE TO TAKE ADVANTAGE OF THIS, RIGHT? THAT IS CORRECT.
AND ABOUT HOW MUCH IS THAT IN, IN MONEY? UH, I CAN TELL YOU JUST ROUGHLY.
UH, SO OUR TOTAL TAKE, UM, IS JUST OVER, IT'S ABOUT $208,000 IS WHAT WE MAY, BASED ON THE LAST BILLING INFORMATION THAT WAS, UH, PROVIDED TO US FROM THE COUNTY IS, IS WHAT WE MAKE FROM THOSE, UH, NINE STATE 9 1 1 FEES.
SO DO WE CHARGE BUTLER TOWNSHIP AND THE CITY RIVERSIDE TO DISPATCH? UH, WE DO.
SO WE CHARGE THEM FOR, UM, ACTUAL EXPENSE ASSOCIATED WITH, UM, CERTAIN SOFTWARE, UH, AND REQUIRED HARDWARE, UH, TO SERVICE THEM.
AND THEN THEY, UH, PAY A, UM, AN A PORTION OF OUR STAFF WAGES AND BENEFITS FOR THE DISPATCHERS THAT ARE ASSIGNED TO COVER THEIR CALLS.
SO DOES THAT MAKE THE PER CALL COST FOR THE UBER HEIGHTS RESIDENTS GO DOWN? YES, IT DOES.
SO WE'RE HELPING OUT OUR NEIGHBORS.
WE'RE, WE'RE MAKING A PROFIT HELPING LOWER THE PER CALL CALL COST TO OUR RESIDENTS AND WE'RE BEING ABLE TO TAKE ADVANTAGE OF SOME FUNDING.
SOUNDS LIKE A GOOD DEAL, MAYOR.
ANY OTHER QUESTIONS? ANY OBJECTIONS? OKAY.
[ Welcome Dayton Countywide Listening Sessions]
NEXT ITEM THREE IN WHICH IS THE WELCOME DAYTON COUNTYWIDE LISTING SESSIONS.SORRY, UH, NANCY, WHERE WE'RE GONNA PUSH THIS TO MY YEAH, WE'RE GONNA PUSH THAT TO MONDAY.
SO JUST THAT PRESENTATION IS JUST GONNA HAPPEN AT THE COUNCIL MEETING.
SO BEFORE WE ADJOURN, TONY, UH, WE HAVE A NEED FOR AN EXECUTIVE SESSION FOR TWO REASONS THIS EVENING.
THE FIRST REASON IS TO DISCUSS DETAILS OF SECURITY ARRANGEMENTS AND EMERGENCY RESPONSE PROTOCOLS FOR A PUBLIC BODY OR PUBLIC OFFICE.
IF DISCLOSURE OF THE MATTERS DISCUSSED COULD REASONABLY BE EXPECTED TO JEOPARDIZE THE SECURITY OF THE PUBLIC BODY OR PUBLIC OFFICE.
AND THE SECOND REASON IS TO CONSIDER THE PURCHASE OF PROPERTY FOR PUBLIC PURPOSES.
[01:40:01]
MOTION? OKAY, I MOVE TO ADOPT THAT WE GO INTO EXECUTIVE SESSION.ANY ACTIONS TAKEN, WE WILL INFORM EVERYONE WHEN WE COME OUT OF EXECUTIVE SESSION.
OKAY, SO WE'VE COME OUT OF EXECUTIVE SESSION AND THE ACTION'S GONNA BE TAKEN, THE FOUR EIGHT COUNCIL MEETING IS GONNA BE MOVED TO FOUR 10, AND THEN THERE'S, UH, A COUNCIL MEETING ON MAY 13TH, UH, THAT WILL NEED TO BE RESCHEDULED.
WE DON'T HAVE A FIRM DATE ON THAT MEETING DATE AS OF YET.
AND SO WE'LL HAVE A MOTION ON MONDAY'S AGENDA.
YEAH, SO THERE WILL BE A MOTION ON MONDAY'S AGENDA, UH, TO CHANGE, TO CHANGE THOSE SPECIFIC DATES.
IT IS NOW EIGHT 30 AND THIS COUNCIL MEETING OR WORK SESSION IS ADJOURNED.