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[Special Planning and Zoning on June 10, 2025.]
RIGHTY.WE WILL CALL THIS SPECIAL CALL TO PLANNING AND ZONING COMMISSION MEETING, CIP FINAL FOR TUESDAY, JUNE 10TH, 2025 AT 6:00 PM TO ORDER.
AND I'M COMMISSIONER BOYER AND I'M HERE.
IS THERE ANYONE SIGNED UP FOR PUBLIC COMMENT? WE WILL OPEN PUBLIC COMMENTS AT 6:01 PM HEARING NONE AND SEEING NONE.
WE'LL CLOSE PUBLIC COMMENTS AT 6:01 PM AGENDA ITEMS 4.1, DISCUSSION AND POSSIBLE ACTION REGARDING THE RECOMMENDATION OF CAPITAL IMPROVEMENT PROGRAM PROJECTS TO CITY COUNCIL.
ALL RIGHT, GOOD EVENING COMMISSIONERS FOR THE RECORD, NOT RECTOR, CITY ENGINEER.
UM, SO I'M GONNA, MATT, CAN YOU TALK MORE INTO YOUR MICROPHONE? IS THAT BETTER? YEAH.
UH, SO I'M GONNA RECAP KIND OF HOW WE GOT HERE AND, UM, THEN WE'LL START HAVING SOME FUN.
UH, SO JUST TO REFRESH EVERYONE'S MEMORY, WE STARTED HAVING THESE MEETINGS BACK IN APRIL 15TH.
UH, AT THAT TIME, I BROUGHT FORWARD THE, UH, FIRST TWO CATEGORIES, WHICH WAS FACILITIES AND WASTEWATER.
I SHARED WITH THE COMMISSION THAT, UM, WE HAD BEEN WORKING WITH CITY COUNCIL UP TO A CERTAIN POINT, AND THAT THEY HAD THEN KICKED THE, UM, CONVERSATION OVER TO PNZ AND THE PARKS FOR THE RESPECTIVE ITEMS, UH, THAT I HAD GONE THROUGH AND SCRUBBED THE CIP LIST, THAT BASICALLY, 'CAUSE WE ADOPTED NEW MASTER PLANS LAST YEAR.
AND SO I HAD SCRUBBED THE CIP LIST TO INCLUDE ALL OF THE NEW ITEMS THAT WERE IN MASTER PLANS, REMOVED OLD ITEMS FROM OLD MASTER PLANS THAT WERE NO LONGER ON ANY OF THE MASTER PLANS.
THE CAVEAT BEING THAT ANYTHING THAT CITY COUNCIL HAD PRIORITIZED OR THAT THEY HAD ALREADY DIRECTED ACTION ON DID NOT GET REMOVED FROM THE LIST.
SO THAT'S KIND OF WHERE WE STARTED.
I THEN TRIED TO MY BEST TO TRY TO RANK AND REORGANIZE THINGS OUTSIDE OF SOME OF THOSE PROJECTS.
AND THEN WE STARTED WITH THE FACILITIES ON APRIL 15TH.
JUST A REMINDER OF THE DECISIONS THAT YOU MADE THEN, WAS THAT YOU'RE GONNA MOVE CONSTRUCTION OF THE PUBLIC WORKS BUILDING IN THE JUSTICE CENTER TO BOTH START IN 2027.
AND IT WAS GONNA BE ASSUMED THAT A BOND ELECTION WOULD BE HELD IN LATE 26.
UH, WE WERE GONNA COMPLETE FEASIBILITY PLANNING OF THE LIBRARY, THE REC, THE COMMUNITY CENTER, THE AQUATIC CENTER, AND THE PARKS HEADQUARTERS SIMULTANEOUSLY IN AN, IN AN EFFORT TO TRY TO FIND OVERLAP OR, UH, EFFICIENCIES THAT COULD BE GAINED.
AND THEN WE WERE GONNA PULL THE DOWNTOWN RESTROOM UP INTO 2026 BECAUSE OF A NEED TO ADDRESS WITH FARMER'S MARKET AND OTHER EVENTS BEING HELD IN THE DOWNTOWN AREA.
WE PRIORITIZED THESE SPECIFIC PROJECTS IN 20 26, 20 27.
I'M NOT GONNA READ EVERY ONE OF THESE TO YOU.
UM, SO WE SHIFTED AROUND SOME PROJECTS, UH, JUST FYI, WHILE I'M GOING THROUGH THIS, I WILL PRESENT THIS SAME POWERPOINT TO CITY COUNCIL WHENEVER WE START THE CIP CONVERSATION SO THAT THEY'RE AWARE OF ALL THE CONVERSATIONS THAT WE'VE HAD HERE.
UH, THEN ON APRIL 22ND, WE TALKED ABOUT STREETS AND WE TRIED TO TALK ABOUT DRAINAGE.
I'LL GET TO THAT IN JUST A SECOND.
BUT WE PUSHED, UH, 1 37 AND 1660 OUT TO 26, WHICH IS WHERE WE THINK IT'S GONNA LAND.
ANYWAY, UH, WE PUSHED CONSTRUCTION OF THE LAKESIDE SIDEWALKS OUT, WHICH SUBSEQUENTLY, AFTER, AFTER THAT MEETING, THE COUNCIL DECIDED TO PAUSE THAT ENTIRE PROJECT UNTIL WE CAN GET SUFFICIENT SUPPORT FOR IT FROM THE NEIGHBORHOOD.
WE PULLED THE 1 32 OVERPASS UP FROM 2030 TO 2028 LAST THURSDAY, CITY COUNCIL DECIDED TO PAUSE THAT PROJECT.
UH, WE DECIDED TO BREAK UP THE FULL EDGE SCHMIDT TO DIFFERENTIATE THE CURRENT PROJECT WITH ANY ADDITIONAL WORK THAT'S NEEDED.
WE'RE GONNA BREAK UP THE EXCHANGE PROJECT.
UH, WE WANTED TO MOVE 1660 NORTH EXPANSION UP FROM
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2030.UH, START THE DESIGN OF 1660 SOUTH IN 27.
DELAY THE RECONSTRUCTION OF METCALF TO GET THROUGH SOME OF THE OLD TOWN STUFF.
AND THEN LOOK AT A FEASIBILITY OF THE CITY TAKING OVER EXCHANGE FROM THE ISD AS WELL AS ADDING, UH, SOME MORE OLD TOWN STREET PHASES, DRAINAGE.
WE STARTED TALKING ABOUT IT, BUT THEN WE SAID, HEY, LET'S WAIT.
LET'S GO THROUGH THIS A LITTLE BIT MORE IN DEPTH.
SO WE CAME BACK TO THIS ONE ON MAY 13TH PARKS.
THERE WAS A JOINT MEETING BETWEEN P AND Z AND PARKS WHERE WE TALKED THROUGH ALL THE DIFFERENT PARK PROJECTS.
UH, THE GENERAL CONSENSUS WAS TO PUT ALL ON STREET TRAILS AS PART OF MOBILITY STREET PROJECTS, DELAY ALL OFF STREET TRAILS UNTIL 2030, BREAK AT MORE GAIN INTO THREE PHASES, BREAK HUDDLE LAKE PARK INTO THREE PHASES, AND GET IN BASICALLY TO APPROXIMATE THAT EAST LIBERTY PARK WOULD BEGIN IN 2030.
BUT THAT WOULD GIVE US TIME TO COMPLETE THE FEASIBILITIES BEFORE GETTING THERE.
UH, THESE ARE THE MOVEMENTS THAT WE ACTUALLY TALKED THROUGH THAT NIGHT.
UM, RED LINES OR THINGS THAT WE'VE EITHER STRUCK OUT OR COMBINED WITH OTHER PROJECTS.
THE YEARS IN BLACK ARE WHEN WE THINK WE'RE GONNA DO THEM, OR THAT WE'VE MARKED THEM OUT OF THE FIVE YEAR OR TO BE DONE BY OTHERS ON MAY 13TH.
WE CAME BACK AND WE TALKED ABOUT WATER, UH, TALKING ABOUT THE GOLA AND HERITAGE MEAL PLANS TO REDUCE SOME OF THE CITY'S SCOPE ON W 15, WHICH HAS BEEN DONE.
UH, IT'S NOT A COMPLETE REDUCTION, BUT THERE'S A SMALL REDUCTION DOING ANALYSIS TO STUDY IF THE COLOR ISSUE ON THE IRON REMOVAL WOULD ACTUALLY FIX THE ISSUE BEFORE WE ACTUALLY EXECUTE THAT PROJECT.
AND BRINGING THE, UM, W 30, I'M TRYING TO REMEMBER WHAT W 30 WAS.
LET ME JUMP OVER SO I CAN TELL YOU WHAT W 30 WAS.
W 30 IS, OH, THAT'S THE, OKAY, SORRY.
GOT A LOT OF PROJECTS IN MY HEAD.
UM,
JUST A REMINDER, THAT IS THE SECONDARY WATERLINE CONCEPT.
TO GO FROM OUR WELLS IN SHILOH AND NOAC TO THE CITY TO BASICALLY, IN VERY LAYMAN TERMS, TO GIVE US A SECOND DRINKING STRAW, UH, DRAINAGE.
WE BROKE UP THE BIG DRAINAGE, UH, PROJECT INTO MULTIPLE PHASES.
THE GOAL WAS TO TRY TO KEEP THINGS AS, UH, WITHIN REASON ON, I THINK IT WAS SEVEN TO $10 MILLION PER PHASE.
SO I'VE BROKE THAT UP INTO MULTIPLE YEARS.
THAT BRINGS US TO TONIGHT, THE GOAL OF TONIGHT IS TO TALK THROUGH MONEY.
UH, WE'VE SPECIFICALLY TRIED TO NOT TALK ABOUT MONEY IN ALL THE PRIOR CONVERSATIONS BECAUSE WE WANTED YOU TO NOT BE SO BOGGED OUT IN THE MONEY THAT YOU ACTUALLY COULD LOOK AT THE PLANS AND THE PROJECTS AND SAY, THIS IS THE WAY WE WANNA DO THINGS.
UM, THE WAY I WOULD EXPLAIN THIS, AND I DON'T KNOW HOW MANY OF YOU GUYS WATCH HGTV, BUT MY WIFE LIKES IT.
AND, UH, THERE ARE A COUPLE SHOWS ON THERE WHERE, YOU KNOW, THEY WILL HAVE A, A HOMEOWNER OR A POTENTIAL HOME BUYER, AND THEY'LL GO AND MEET WITH THEM AND THEY'LL SAY, OKAY, WELL, WHAT DO YOU WANT? AND THEN THEY'LL LIST ALL OF THESE THINGS THAT EVERYBODY WANTS IN THEIR HOUSE, AND THEN THEY'LL START SHOWING IN THOSE HOUSES AND ASK THEM, WELL, HOW MUCH DO YOU THINK THIS HOUSE IS GONNA COST YOU? UH, AND THEN THE POTENTIAL BUYER GETS VERY UPSET AND SAYS, WHY WOULD YOU SHOW ME A HOUSE THAT I CAN'T AFFORD? AND IT'S BECAUSE I WANT YOU TO UNDERSTAND WHAT YOU'RE ASKING FOR.
NOW, YOU'RE GONNA HAVE TO MAKE SOME TOUGH DECISIONS AND FIGURE OUT WHAT YOU'RE GOING TO CUT BACK ON TO BE ABLE TO GET THE HOUSE YOU CAN AFFORD, BECAUSE EVERYBODY WANTS THE MANSION, BUT NOT EVERYBODY CAN AFFORD THE MANSION.
AND SO THE PURPOSE OF TONIGHT IS TO SHOW YOU THE MANSION THAT YOU HAVE ASKED FOR
TO TRIM BACK ON THAT, I'M NOT GOING TO ASK YOU TO REVISIT EVERY CONVERSATION WE HAD THAT WOULD TAKE US WAY TOO LONG AND WE WOULD BE HERE FOR WEEKS, PROBABLY.
UM, SO THE GOAL TONIGHT IS TO LOOK AT WHAT THE BUDGET IMPLICATIONS ARE THAT WE'VE CREATED BY HAVING THESE CONVERSATIONS AND COME UP WITH A SCHEME ON HOW YOU WOULD RECOMMEND CITY COUNCIL FOCUS DOWN TO GET WITHIN THAT BUDGET OF WHAT YOU'RE
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GONNA RECOMMEND.ASSUMING THAT THEY GO TO THAT BUDGET, THEY MAY LIKE THE NUMBERS THAT WE HAVE IN OUR MANSION AND WANT TO GO FUND IT.
I DOUBT IT, BUT IT'S POSSIBLE.
ALL RIGHT, SO THAT BEING SAID, I'M GONNA JUMP OVER TO MY POWERPOINT, WHICH YOU ALL SHOULD HAVE, UH, PDFS VERSIONS OF, AND WE'LL START WITH INS, UH, FYII BROUGHT BACK UP TONIGHT.
UH, AND SO WE HAVE THE FINANCE DIRECTOR HERE, MS. ALBERTA BARRETT.
SO IF WE GET TOO INTO THE WEEDS ON FINANCIAL THINGS, I'M GONNA SCREAM HELP.
AND SHE'S GONNA COME RUNNING
SO IF YOU LOOK UNDER FY 26 ON YOUR INS SHEET, YOU WILL SEE A COLUMN THAT SAYS W SKYBOX AND YOU'LL SEE A COLUMN THAT SAYS W SKYBOX.
SO THAT WAS BECAUSE CITY COUNCIL HAD DIRECTED US TO LOOK AT THINGS WITH THE CONTRIBUTION FROM SKYBOX AND WITHOUT THE CONTRIBUTION FROM SKYBOX IN CASE THE DECISION IS MADE THAT WE WANNA KEEP THE SKYBOX FUNDS SEPARATE TO DO ONE-OFF TYPE PROJECTS.
UH, SO THAT'S WHY YOU HAVE TWO DIFFERENT COLUMNS THERE.
UH, YOU CAN SEE IN 2026, THERE'S NOT A SIGNIFICANT DIFFERENCE BETWEEN THE INCREASE THAT WE'RE GOING TO SEE BASED ON THE MANSION THAT WE'VE BUILT OR THE MANSION THAT WE'VE REQUESTED.
UH, BASICALLY RIGHT NOW THE NUMBERS COME OUT THAT YOU'RE LOOKING AT BETWEEN A 32.3 AND A 32.2% INCREASE IN YOUR INS RATE IN 27.
YOU CAN SEE THAT THE SKY BUCKS MONEY IS A, IS A LITTLE BIT MORE OF AN IMPACT BECAUSE THE NUMBERS CHANGE BETWEEN 27.4 AND 29.4 AND 28.
IT'S AN EVEN BIGGER IMPACT DIFFERING BETWEEN 44.9 AND 53.2 29.
UM, SO YOU ALSO HAVE THE DIFFERENCES BASED ON, UH, COST PER MONTH.
SO, UH, THAT'S IN, OH, THE OTHER THING THAT I DID, BECAUSE THERE WAS A QUESTION ABOUT HOW WE DO THIS, IS WE SEPARATED THE TOTAL COST PER MONTH BETWEEN WITH FACILITIES AND WITHOUT FACILITIES.
AND THAT'S SO THAT CITY COUNCIL CAN SAY, THIS IS HOW MUCH WE WOULD HAVE TO RAISE INS IF WE DO A BOND ELECTION FOR THE FACILITIES SO THAT THE TAXPAYERS CAN DECIDE IF THEY WANT THAT EXTRA BUMP UP IN THEIR TAX RATE OR NOT.
THAT'S WHY I BROKE IT OUT THAT WAY, SO THAT YOU GUYS, CITY COUNCIL, EVERYBODY CAN SEE THIS IS HOW MUCH WE JUST HAVE TO RAISE TAXES STRAIGHT UP.
BUT IF WE DECIDE THAT WE WANT TO GO OUT, TALK TO THE CITIZENS ABOUT FACILITIES, THEN THIS IS HOW MUCH WE WOULD HAVE TO RAISE TAXES AND THEN THE CITIZENS CAN CHOOSE THAT EXTRA GAP.
DOES THAT MAKE SENSE? UM, SO WITH THAT, I, I THINK WE SHOULD STICK TO ONE CATEGORY BEFORE WE GO TO THE OTHER.
AND SO I THINK INS IS PROBABLY WHERE MOST PEOPLE ARE GONNA HAVE THE MOST, UH, DESIRE TO DEBATE THINGS.
SO I'D SAY LET'S START THERE AND SEE WHAT YOU GUYS RECOMMEND.
SO HAVE YOU DONE, SORRY, AM I ALLOWED TO TALK? IS THAT OKAY? YEAH, JUST BE SURE AND SPEAK INTO YOUR MIC.
UM, SO DO WE HAVE ANY, THIS IS MY ISSUE WITH US DOING THIS, RIGHT? I HAVE NO IDEA WHAT'S IN ANY DEVELOPMENT AGREEMENT AS FAR AS FUNDING OF ANYTHING.
I DON'T KNOW, UM, WHAT'S ALREADY BEEN ALLOCATED IN SOME CAPACITY TO BE PAID BY WHATEVER ENTITY, RIGHT? SO COUNCIL HAS ACCESS TO DEVELOPER AGREEMENTS AND THAT UNDERSTANDING, WE DON'T HAVE THAT HERE.
SO TO HAVE THAT PLACED ON US AS A TASK TO DO, I DON'T FEEL IS COMPLETELY APPROPRIATE FOR ONE, FOR US TO BE DETERMINING OR, OR MAKING A RECOMMENDATION ON HOW THIS THING SHOULD BE FUNDED.
UM, JUST FIRST AND FOREMOST, WE DON'T HAVE ALL THE INFORMATION NEEDED TO MAKE AN ADEQUATE RECOMMENDATION IN MY OPINION.
UM, YEAH, THAT'S THE FIRST THING I WAS GONNA SAY.
YOU COULD, SO IF I CAN ADDRESS THAT, I, I KNOW YOU GO AHEAD.
UM, SO I'M NOT ASKING YOU TO DETERMINE HOW WE'RE GONNA FUND THIS.
UM, ALBERTA CAN SPEAK TO THAT MORE.
IF, IF SHE FEELS LIKE I'M IN OVER MY HEAD.
I'M MORE LOOKING AT, I MEAN, 'CAUSE SHE AND I WILL
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SIT DOWN, UH, 'CAUSE WE'RE GOING THROUGH ALL THE BUDGETING STUFF NOW, ONCE WE HAVE KIND OF AN IDEA OF WHAT YOUR PRIORITIES ARE AND WHAT THE RANGE, UH, SO LEMME CLARIFY.IN OUR WORLD, RIGHT? WE HAVE DIFFERENT COLORS OF MONEY.
IT'S KINDA LIKE, UM, MONOPOLY MONEY'S NOT A GOOD THING.
THAT'S WHY
WE HAVE FEES THAT WE BRING IN.
WE HAVE, UM, UH, COMMUNITY BENEFIT DOLLARS THAT WE HAVE AVAILABLE.
WE HAVE, UM, TIFFS WE HAD, RIGHT? WE HAVE ALL THE DIFFERENT THINGS, RIGHT? SO I'M NOT ASKING YOU GUYS TO TELL US HOW TO PAY FOR THESE THINGS AND BASED, AND THAT WAS PART OF THE REASON WHY I'VE REBUILT THIS SPREADSHEET TO A SIMPLER FORMAT.
BASICALLY, WHAT I'VE DONE, AND, AND I WILL ASK ALBERTA TO SPEAK TO THIS A LITTLE BIT, IS WE'VE GONE THROUGH AND BASICALLY SAID EITHER IT'S DEBT FUNDED OR IT'S NOT DEBT FUNDED.
SO THAT KEEPS IT VERY HIGH LEVEL FOR YOU GUYS AND IT'LL KEEP IT VERY HIGH LEVEL FOR CITY COUNCIL.
SO I THINK THE PROBLEM THOUGH WITH MATT, WITH THAT MATT, IN, IN MY OPINION, RIGHT, IF IT SAYS THAT IT'S DEBT, WE CLEARLY KNOW THAT THAT'S SOMETHING THAT WOULD NEED A, A BOND, RIGHT? COOL.
BUT IF IT'S SOMETHING ELSE, WE MAY SAY, OR I MIGHT SAY, I DON'T WANT IT BECAUSE I DON'T WANT US TO PAY FOR IT WITH A TAX INCREASE, BUT I'M NOT AWARE OF THIS COULD APPLY TO COMMUNITY FUNDS OR THIS MAY APPLY TO A TIFF OR WHATEVER.
RIGHT? SO I THINK THAT'S MY ISSUE IS THAT I, I DON'T, I FEEL LIKE WE'RE IN A POSITION TO MAKE DECISIONS ABOUT COMING UP WITH A FINANCIAL RECOMMENDATION WHEN WE DON'T REALLY HAVE THAT UNDERSTANDING OF THE COLORS OF THE DOLLARS, IF YOU KNOW WHAT I MEAN? MM-HMM
SO THAT'S MY HESITATION WITH THIS.
SO I I DON'T KNOW THAT I HAVE A GOOD ANSWER FOR YOU.
UM, IS IT MAKING SENSE THOUGH, OR NO, I, I UNDERSTAND WHAT YOU'RE SAYING.
UM, GENERALLY, WELL, I, I MEAN, I CAN TELL YOU, SO IF IT'S A FACILITIES PROJECT, THERE'S, THERE'S NO DEVELOPMENT AGREEMENTS, THERE'S NO ANYTHING FOR THAT.
UH, IF IT'S A PARK PROJECT, WE MIGHT BE ABLE TO GET DEVELOPERS TO DONATE PARKLAND, BUT THAT'S FOR THE MOST PART ABOUT THE BEST THAT WE'RE GONNA DO.
UM, STREETS CAN WE REQUIRE TO DONATE PARK, SAME THING.
UH, WE MIGHT BE ABLE TO GET THEM TO GIVE US, LIKE SOME OF THE STREETS HAVE ALREADY BEEN MARKED DOWN AS POSSIBLE DEVELOPER PARTICIPATION.
SO IN PLACES THAT I CAN, ASHLEY AND I HAVE BEEN WORKING WITH DEVELOPERS TO SAY, YOU NEED TO GIVE US RIGHT OF WAY, OR YOU NEED TO BUILD TWO LANES, OR YOU NEED TO BUILD WHATEVER.
UM, BUT GENERALLY, MOST OF THE THINGS THAT ARE NOT ALREADY LABELED AS DEVELOPER, TO MY KNOWLEDGE, THERE IS NO DEVELOPMENT AGREEMENT OR ANYTHING LIKE THAT, THAT WOULD HELP US.
NOW, THAT'S NOT TO SAY THAT SOMEBODY'S NOT GONNA COME IN TOMORROW AND SAY, I WANNA GO BUILD ALL THESE THINGS AND I'M GONNA GIVE YOU A TON OF MONEY TO HELP ME DO IT.
BUT THAT, THAT'S KIND OF, I'VE TRIED MY BEST TO TRY TO GIVE YOU GUYS AS MUCH INFORMATION AS I HAVE VISIBLE TO ME SO THAT YOU CAN BE A LITTLE BIT MORE INFORMED.
I DON'T THINK THAT THERE IS A TOOL THAT I COULD CREATE THAT WOULD GIVE YOU ALL THE INFORMATION.
AND THAT'S A HUGE TASK TO ASK OF YOU.
AND I, I GET YOUR GAPS OR RESTRAINTS, I GUESS I COULD SAY
UM, BUT IT CREATES A GAP FOR ME YEAH.
UM, I DON'T MIND THE KIND OF BROAD BRUSH HERE.
I THINK IT HELPS US, AS YOU SAID, KEEP INFORMED AND MAYBE THIS WILL BE THE FIRST TIME IT'LL, IT'LL EVOLVE IN SOMETHING A LITTLE MORE OR A LITTLE LESS, OR NOT AT ALL.
MY QUESTION IS, IS WHAT WAS THE ORIGINAL MANDATE FROM COUNCIL FOR P? WHAT WAS P AND Z TO DO? I DON'T, STILL DON'T UNDERSTAND WHAT THAT REQUEST WAS.
OR HAS IT BEEN, YOU KNOW, WRITTEN DOWN OR IS IT IN BLACK AND WHITE SOMEWHERE? UH, I DON'T KNOW THAT IT WAS WRITTEN DOWN OR IN BLACK AND WHITE.
THE DIRECTION FROM CITY COUNCIL AND I, I DID PUSH BACK A LITTLE BIT IN THE MEETING.
UM, WE WERE TALKING ABOUT CIPI NOTED THAT I HAD TO BRING IT TO YOU BY CHARTER, RIGHT? THAT'S IN THE CITY CHARTER.
UM, NOT THAT I WOULD AVOID YOU GUYS, BUT
UM, BUT I NOTED THAT I HAD TO BRING IT TO YOU GUYS AND THAT YOU WERE GONNA MAKE YOUR RECOMMENDATIONS THAT YOU'RE
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REQUIRED TO DO BY CHARTER AS THEIR RECOMMENDING BODY.AND I SAID MAYBE THE FIX FOR THE BACK AND FORTH TYPE THING IS FOR THE CITY COUNCIL TO GIVE YOU GUYS PARAMETERS SAYING IN THIS YEAR, YOU CANNOT RAISE RATES BY MORE THAN X IN WHATEVER THE RESPONSE FROM CITY COUNCIL WAS.
THAT YOU ARE THEIR RECOMMENDING BODY.
THEY DON'T HAVE TO LISTEN TO YOU, BUT THEY HAVE SELECTED YOU TO GIVE THEM RECOMMENDATIONS.
SO THEY WANTED YOU GUYS TO COME UP WITH A WAY TO PRIORITIZE PROJECTS.
WHAT ARE YOUR PRIORITIES? BUT THEY ALSO WANTED YOU GUYS TO RECOMMEND TO THEM WHAT THE RANGE IS ON TAXES, TAX INCREASES, RATE INCREASES, WHATEVER THAT YOU THOUGHT WOULD BE APPROPRIATE FOR THEM TO ADOPT WHEN THEY ADOPT THE CIP.
I DON'T KNOW IF I SAID THAT VERBATIM, BUT THAT WAS JUST THE GENERAL IDEA THAT CAME OUT IN THE MEETING.
MAY, MAYBE IT'S THE COUNCIL WANTED TO GIVE SEVEN OTHER PEOPLE'S OPINION.
UM, AND THAT WAY WHEN THEY GO TO DISCUSS IT, THAT'S A LITTLE BIT MORE THAT THEY CAN TELL THE CITIZENS, WELL, PNZ RECOMMENDED X, Y, Z.
IT'S NOT JUST THE COUNCIL, IT'S PNZ IS RECOMMENDING THAT WE DO THIS, KNOWING THAT WE DON'T HAVE TO DO WHAT PNZ IS RECOMMENDING.
BUT IT'S NICE TO HEAR AND NICE TO UNDERSTAND WHERE PNZ IS COMING FROM.
WELL, I COMPLETELY AGREE WITH THAT, AND I I WELCOME THAT.
THE QUESTION IS, IS WHAT ARE WE, MY QUESTION IS, IS WHAT ARE WE TRYING TO RECOMMEND? SO THAT'S THE PARAMETERS THAT YOU BROUGHT UP WITH CAL THAT UH, UM, ENGINEER DIDN'T GIVE US RECTOR
WHAT, IF I UNDERSTAND YOU CORRECTLY, IS THAT'S WHAT I'M TRYING TO UNDERSTAND, IS WHAT DO THEY WANT FROM US, BESIDES THE PRIORITIES, BUT A, A TAX RATE INCREASE? I MEAN, ARE THEY TRYING TO, YOU KNOW, I GUESS GETTING DEEPER INTO IT IS DEEPER DIVE, IS IT, WHAT BUCKETS IS IT COMING FROM? BUT I DON'T THINK THEY WANT THAT.
THEY JUST WANNA UNDERSTAND KIND OF IS IT DEBT FUNDED OR NOT DEBT FUNDED.
AND I, I LIKE THAT BROAD BRUSH ON THAT.
I MEAN THE SPECIFIC, BUT IF THAT'S WHAT THEY WANTED, I DON'T KNOW.
THE SPECIFIC CONVERSATION WAS, YOU KNOW, HOW ARE WE GOING TO DO THIS? YOU KNOW, BECAUSE P AND Z GOES THROUGH AND THEY LIST OUT ALL THESE PROJECTS THAT THEY WANT TO GO DO.
AND THERE'S NO, IN PRIOR YEARS, THERE WAS NO REAL EMPHASIS FROM, FROM YOUR GUYS' PERSPECTIVE ON HOW WE PAY FOR IT.
IS IT DEBT FUNDED? HOW MUCH ARE WE GONNA SPEND? ANY OF THOSE, IT WAS, HERE'S THE PROJECTS THAT WE THINK SHOULD HAPPEN IN 25.
RIGHT? AND SO THEY WERE DEBATING THIS AND I SUGGESTED THAT THEY MAY WANT TO SAY, OKAY, GO TO PNZ, HAVE THEM RANK EVERYTHING, BUT WE'RE GONNA TELL THEM THAT THEY CANNOT INCREASE TAXES IN SAY, 26 BY MORE THAN X PERCENT.
MAYBE THEY'RE OKAY WITH A 10% RAGE OR, OR RATE INCREASE, 10% RAGE
UM, OR MAYBE THEY WERE OKAY WITH A 5%.
AND I SAID, THEN, THEN YOU SET A BOUNDARY WITHIN, AND THEN THEY HAVE TO REALLY DIG IN AND SAY, OKAY, WITHIN THAT FIVE OR 10% RATE, UM, THESE ARE THE PROJECTS THAT WE WOULD PUT IN THERE.
BUT THEIR PUSHBACK WAS THAT THEY THOUGHT THAT YOU GUYS COULD SET THOSE BOUNDARIES FOR YOURSELF.
AND SO I DID IT A LITTLE BIT BACKWARDS, CHICKEN OR EGG, RIGHT? WHICH COMES FIRST.
AND I SAID, WELL, LET'S GO THROUGH THE PROCESS OF GOING THROUGH ALL THE PROJECTS FIRST.
SO YOU CAN SEE HOW BIG OF A CHICKEN YOU YOU'RE WANTING.
AND THEN YOU SAY, OKAY, NO, NO, NO, NO, I CAN'T AFFORD THAT.
WE'RE GONNA SQUEEZE IT DOWN AND WE THINK THAT WE SHOULD LIVE WITHIN A, YOU KNOW, INSTEAD OF A 33% INCREASE NEXT YEAR, WE THINK IT SHOULD BE 10%.
WELL, DO YOU THINK IT'D MEET THEIR KIND OF, THEIR, THEIR REQUESTS OR THEIR, THEIR, UH, WHAT THEY'RE LOOKING FOR IS JUST TO GIVE 'EM A RATE BASED ON DEBT FUNDED AND NOT DEBT FUNDED? JUST THOSE TWO NUMBERS.
NO, I, I, I THINK THAT WOULD BE IN LINE WITH, WITH THEIR ASK.
'CAUSE THEY DID NOT GET SPECIFIC RIGHT.
AND, AND THAT MAY BE, WE MAY DO THAT BY CATEGORY AND THEN COME AND LUMP IT TOGETHER.
UM, BUT YOU COULD, I'M JUST TRYING TO UNDERSTAND INSTEAD, INSTEAD OF LOOKING AT THE PERCENTAGE, YOU COULD LOOK AT, OKAY, IN 26 WE DON'T WANNA DO ANY FACILITIES.
'CAUSE YOU'VE ALREADY SAID THAT, RIGHT? UH, IN 26 WE WE'RE OKAY WITH THE 67 IN CENT INCREASE FOR, UH, RATES ON PARKS AND RECREATION.
BUT ON STREETS, WE STREETS AND DRAINAGE, WE DON'T LIKE THE $34 INCREASE.
WE WANT A $20 INCREASE OR A $5 INCREASE, OR WHATEVER THE NUMBERS YOU
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GUYS COME UP WITH.AND SO YOU COULD, YOU COULD DO IT EITHER OF THOSE WAYS.
THEY WERE NOT PRESCRIPTIVE IN HOW YOU GIVE THEM THE RECOMMENDATION.
THEY JUST SAID THEY WANTED TO HEAR FROM THIS BODY ON WHAT YOU THOUGHT THE TOLERANCE WOULD BE.
I'M JUST SAYING IF WE'RE GOING THROUGH THE EXERCISE, THIS HAVE A TARGET SO THAT WE CAN PROVIDE THEM SOMETHING THAT AT LEAST MEETS THEIR, THEIR MINIMUM EXPECTATIONS.
AND THEY DIDN'T, THEY DIDN'T SPECIFY IS IT PERCENT, IS IT PER CATEGORY? SO I GUESS IT'S UP TO THIS RESPECTIVE BODY TO KIND OF DECIDE HOW YOU WANNA MAKE YOUR RECOMMENDATION TO THEM.
WELL, I'M NOT SAYING WE SHOULD DO BY CATEGORY.
I'M JUST SAYING AS WE GO THROUGH AND LOOK AT IT AND THEN COME IN WITH ONE FIGURE OF MERIT FOR DEBT AND NON DEBT BA BASE.
SO I'M GONNA ASK A QUESTION AND I'M, AND I'M JUST, AND IT MIGHT BE FOR OUR FINANCE DIRECTOR, BUT I DON'T KNOW, LIKE I'M LOOKING AT THIS AND WE'RE SAYING THAT IN 26, FOR THE TRANSPORTATION AND DRAINAGE COSTS WITHOUT SKYBOX, THAT WOULD BE AN INCREASE OF $29 AND 2 CENTS PER MONTH ON AVERAGE PER RESIDENT.
IS THAT WHAT WE'RE SAYING? THIS 20? IS THAT WHAT THAT $29 MEANS? UM, WHERE ARE YOU? I'M
I DON'T KNOW HOW TO LIKE OH, YOU'RE ON THAT PAGE.
OH, WHAT WE HADN'T GOTTEN THERE YET.
BUT THAT'S, THAT MEANS, RIGHT.
SO WITH WITHOUT SKYBOX IT WOULD BE A $29 2 CENT INCREASE.
THAT'S AN AVERAGE RATE INCREASE.
SO MY QUESTION IS, IF WE HAVE A COUNCIL THAT IS VERY BIG ON NO NEW REVENUE MM-HMM
WHERE DOES THIS TAXES? HUH? NO NEW TAXES.
WELL, BUT HOLD ON, ALBERTA, CAN YOU COME UP PLEASE? YEAH.
CAN YOU THAT, THAT'S WHY I'M CURIOUS WHERE THIS FALLS INTO.
SO THIS DOESN'T, THAT PART, I'LL HAVE ALBERTA THE EXPERT EXPLAIN TO YOU GUYS, BUT THIS DOES NOT APPLY TO NO NEW REVENUE.
SO BASICALLY WHAT'S HAPPENED TO THIS POINT IS Y'ALL HAVE MOVED ABOUT ALMOST 86 MILLION OF STREET PROJECTS TO BE FUNDED IN 26.
THAT WOULD REQUIRE THAT WE WOULD NEED TO BORROW THAT $86 MILLION 'CAUSE WE DON'T HAVE IT.
AND YOU DON'T GET IT FROM NO NEW REVENUE.
'CAUSE THAT GOES TO THE GENERAL FUND FOR OPERATIONS.
THE, THE TAX RATE WOULD HAVE TO BE INCREASED TO THAT 29.02 FOR US TO BE ABLE TO PAY THIS DEBT BACK.
SO WHEN YOU, WHEN YOU PAY YOUR PROPERTY TAXES, IT COMES IN AS A TOTAL MM-HMM
AND THEN IT GETS DIVIDED OUT TO WHERE M AND O GOES TO THE GENERAL FUND.
THE INS GOES TO THE DEBT TO PAY FOR ANYTHING THAT WE'VE BORROWED.
SO THE PROJECTS AS YOU HAVE IT NOW, WOULD REQUIRE US TO BORROW THAT 86 MILLION, WHICH WOULD IN TURN REQUIRE US TO BORROW.
AND THEN WE WOULD HAVE TO PAY IT BACK WITH AN INCREASE IN, IN TAX.
THEREFORE YOU WOULDN'T BE ABLE TO HAVE NO NEW REVENUE.
BUT THE NO NEW REVENUE ONLY APPLIES TO M AND O.
IT DOES NOT APPLY TO THE I NS.
WE TAKE WHATEVER THAT RATE IS FOR THAT CALCULATION.
THE INS PORTION COMES OFF THE TOP, WHATEVER'S LEFT GOES TO M AND O.
SO WE'RE REQUIRED TO SET THAT, THAT PORTION OF THAT WE'RE REQUIRED TO PAY OUR DEBT OFF.
IN THAT COMPLEX CALCULATION, BASICALLY.
SO, SO WHAT IS OUR TAX RATE? YOUR TOTAL TAX RATE IS 39 5 5 3 PER $100 VALUATION.
BUT BASICALLY 40 CENTS PER $100 VALUATION.
I I FIGURED MATT PUT IT THERE SOMEWHERE.
YEAH, YOU HAVE TO IN PLAIN SIGHT.
SO YOU COULD IN THEORY STILL HAVE NO NEW REVENUE BECAUSE THAT APPLIES TO YOUR M AND O WHILE YOUR TAXES ARE STILL GOING UP EVERY MONTH AS IT STANDS RIGHT NOW WITHOUT US TOUCHING ANYTHING.
AM I JUST ALIGNED? UM, I'M JUST MAKING SURE I UNDERSTAND.
YEAH, YOU, YOU CAN, EVEN IF YOU DO A NO NEW REVENUE BUDGET MM-HMM
SO WE DON'T, WE'RE NOT GOING TO CHANGE THE PORTION OF THE BUDGET THAT DEALS WITH M AND O, LIKE
[00:30:01]
HOW MUCH PEOPLE ARE GETTING PAID, ALL THAT KIND OF STUFF.BUT YOU COULD THEN STILL GO AHEAD AND BORROW THE MONEY THAT YOU NEED TO DO ALL THESE PROJECTS AND STILL ACTUALLY INCREASE PEOPLE'S TAXES.
THAT'S EXACTLY WHAT I'M WANTING TO GET CLARIFICATION ON.
I MAY BE OVER, I MAY MAY BE JUMPING AHEAD, BUT WITH THE STATE LEGISLATURE DOING WHAT THEY'RE DOING, UH, HAS THERE BEEN ANY CONFIRMED NEW RULES? I MEAN, BEFORE THEY WERE SAYING THEY WERE GONNA DO THIS OR DO THIS OR DO THIS MM-HMM
UH, YOU KNOW, IT IS GONNA BE HARD TO DO COS IT'S GONNA BE HARD TO, UH, YOU MAY NOT HAVE EVEN BE ABLE TO DO.
UH, SO THAT'S GONNA MAKE IT TOUGHER FOR THE CITY COUNCIL MM-HMM
WHEN IT COMES TO GETTING ITEMS ACCOMPLISHED FOR THE CITIZENS.
AND, AND SO TO ANSWER YOUR QUESTION FOR THIS YEAR, UM, YOU WON'T SEE A CHANGE THIS YEAR ACCORDING TO OUR BOND ATTORNEY.
UM, BUT IT'S COMING, UM, THEY'VE BEEN TALKING ABOUT IT FOR YEARS.
IT'S BEEN REALLY HEAVILY DISCUSSED THIS YEAR.
BUT IT, IT'S GONNA COME TO WHERE WE WILL NOT BE ABLE TO DO COS UM, WE WILL HAVE TO DO 'EM AS GENERAL OBLIGATIONS, WHICH WILL REQUIRE THAT WE HOLD, UM, HOLD THEM AN ELECTION.
SO THE CITIZENS WOULD NEED TO VOTE IF THEY WANNA DO THIS PROJECT.
UM, AND IF THEY WANT TO DO THE BORROWING TO PAY FOR THAT PROJECT, UM, IT DOESN'T APPLY SO MUCH FOR WATER AND WASTEWATER PROJECTS AND SOMEWHAT, NOT SO MUCH ON STREETS.
UM, BUT YOUR STREETS, YOUR BUILDINGS, YOUR PARKS, UM, YEAH, THEY'RE GONNA, THEY'RE GONNA LIMIT THOSE.
IT'S NOT HERE TODAY, BUT IT'S COMING.
SO I HAVE A QUESTION REGARDING SKYBOX.
HAVE WE SEEN A DIME FROM SKYBOX YET? AS OF TODAY? NO.
UM, WE HAVE LOOKED AT THE PRELIMINARY VALUES.
UM, SO WE WILL RECEIVE A SMALL PORTION, UM, IN OUR NEXT FISCAL YEAR IN 26 IF THEY START OPERATIONS OR, RIGHT.
THIS IS MORE FOR THE BUILDINGS.
UM, UM, THE PERSONAL, THE BUSINESS PERSONAL PROPERTY IS WHERE WE'RE GONNA SEE THE BIGGEST IMPACT.
UM, AND THAT IS NOT ON THE APPRAISAL DISTRICT ROLES YET.
UM, WE ARE ANTICIPATING THAT WE WILL SEE THOSE IN 27 ANTICIPATING, HOPING BASED ON ALL THIS, THE INFORMATION THAT WE'VE BEEN GIVING AND GIVEN AND THE LONG RANGE PLAN WHEN WE FIRST ENTERED INTO THE AGREEMENT, THAT IS THE YEAR THAT WE WILL SEE IT.
SO ARE WE TAKING INTO ACCOUNT, UH, TARIFFS? ARE WE TAKING INTO ACCOUNT SAMSUNG, UH, CHANGING THEIR OPERATIONAL TEMPO? ARE WE TAKING ANY OF THAT INTO ACCOUNT WHEN WE'RE LOOKING AT, WE'RE GOING TO HAVE MILLIONS OF DOLLARS A YEAR COMING IN ON BUSINESS PERSONAL PROPERTY? UM, I CAN'T SAY THAT WE HAVE, I'M NOT SURE WHAT THAT INTERACTION WOULD BE.
UM, BUT WE ARE GETTING THAT INFORMATION FROM THE APPRAISAL DISTRICT.
SO IT'S NOT LIKE, UM, WE ARE COMING UP WITH THOSE NUMBERS.
BUT THEY'RE PROJECTIONS, THEY'RE THEY'RE NOT, IT'S NOT CASH IN HAND.
SO THAT'S ABOUT WHAT I WAS EXPECTING.
SO GIVEN THAT I THINK WE SHOULD NOT BE PLAYING A GUESSING GAME WITH CRYSTAL BALLS AND SKYBOX MONEY, WE IGNORE SKYBOX MONEY AND GO AS IF IT AIN'T THERE BECAUSE HUNDRED PERCENT AGREE TODAY IT AIN'T THERE.
LET'S NOT COMMIT OURSELVES TO SPENDING MONEY WE HAVEN'T COLLECTED YET.
AND WHO KNOWS, SOMETHING COULD HAPPEN IF SKYBOX HAS TO DELAY.
YEAH, I, I MEAN, YOU KNOW, WHO KNOWS? I'M, I'M ON THE TURS FOR THAT MM-HMM
AND I FELT REALLY UNCOMFORTABLE MAKING THAT VOTE TO BASICALLY NOT COLLECT $15 MILLION IN TAXES FROM THEM.
THAT'S
SO AT THIS POINT, WE NEED TO TRIM THE FAT IS WHAT IT SOUNDS LIKE.
[00:35:01]
ON WHAT WE WANT TO PROPOSE GOING FORWARD.YOU KNOW, WE'VE GOT, UH, I BELIEVE IT'S A 3.5% LIMIT ON THE INS TAX RATE AND NO LIMIT EXCEPT FOR THE NO NEW REVENUE LIMIT OBVIOUSLY ON THE M AND O.
IS THAT CORRECT? UH, I DON'T BELIEVE THERE IS A THREE POINT A HALF PERCENT ON INS
I'M SORRY, NOT I, IT IT'S THREE POINT A HALF ON M AND O NOT ON RIGHT? CORRECT.
INS IS BASICALLY HOW MUCH CAN YOU ACTUALLY QUALIFY FOR.
AND HOW MUCH DO YOU WANT TO TRY TO PUT ON YOUR YOURSELVES, RIGHT? 'CAUSE YOU'RE, YOU ARE CITIZENS, SO HOW MUCH DO YOU WANNA BURDEN YOURSELF AND YOUR NEIGHBORS TO PAY FOR? SO I THINK THAT'S WHERE WE'LL BE TRIMMING THE FAT IS GOING.
HOW, YOU KNOW, KIND OF THE, HOW BIG OF A CHICKEN DO WE NEED? ARE WE GETTING A BUTTERBALL TURKEY OR ARE WE GETTING A CORNISH GAME HEN OR ARE YOU GETTING MCDONALD'S CHICKEN NUGGETS? AH,
SO THE OTHER QUESTION THAT I HAVE THOUGH, IS OUR FOCUS SOLELY ON 26 OR ARE YOU WANTING US TO LOOK AT 27, 28, 2 9? LIKE ARE WE LOOKING AT THE WHOLE FIVE YEAR OR ARE WE JUST LOOKING AT A RECOMMENDATION TO COUNCIL FOR THIS UPCOMING BUDGET? BECAUSE LOOKING AT ALL OF YEARS MIGHT BE A LITTLE CUMBERSOME.
WELL, I MEAN, SO I KNOW COUNCIL THIS YEAR WAS TRYING TO PUSH BEYOND DOING ONE YEAR AT A TIME.
THEY'RE TRYING TO GET US TO THE POINT WHERE WE'RE DOING FOUR OR FIVE YEARS AT A TIME.
UM, AND SO I WOULD, I WOULD RECOMMEND THAT YOU AT LEAST TAKE THE FIRST THREE YEARS OF YOUR FIVE YEAR CIPI COULD SEE.
SO I WOULD SAY AT LEAST 26, 27 TO 28.
I MEAN, EVEN, EVEN DOING TWO YEARS IS KIND OF TOUGH.
'CAUSE YOU HAVE TO GET YOUR CRYSTAL BALL OUT.
AND, AND WE DON'T KNOW IF WE'RE EXACTLY.
WE DON'T KNOW WHAT WE'RE LOOKING AT FOR VALUATIONS.
WE DON'T KNOW WHAT WE'RE LOOKING AT FOR TAX.
RATE INCREASE OR DECREASES, YOU KNOW, WE CAN, WE CAN PROPOSE, YOU KNOW, A BUNCH OF PROJECTS THAT RESULT IN A 50% INCREASE IN OUR TAX RATE AND COUNCIL'S JUST NOT COMFORTABLE WITH THAT.
THEY'VE ALREADY SAID THAT WE CAN RECOMMEND ALL THEY WANT.
BUT THEY MAY NOT WANNA DO ANYTHING THAT WE SAY ANYWAY.
I GUESS TO GET US STARTED, I GUESS WHAT I'M LOOKING AT IS LET'S JUST PUT A KIND OF A NUMBER NEXT TO THESE PROJECTS AS FAR AS WHAT THE THEY RATED.
GET 'EM RATED AS AS TO WHICH ONE TO GO FIRST.
LET'S PUT A NUMBER NEXT TO, NEXT TO THESE PROJECTS AS FAR AS HOW MUCH THAT PROJECT IS GOING TO INCREASE THE INS RATE.
AND THEN WE CAN GO THROUGH AND RANK 'EM AND IF THIS PROJECT IS NUMBER ONE IN 26 AND 27 AND 28, THAT'S OUR NUMBER ONE PROJECT.
SO YOU WANNA BE HERE ALL NIGHT? YEAH, I'D LIKE NOT TO BE, BUT
HOW HARD IS WHAT TO DO TO DO IT? RICK JUST RECOMMENDED WHERE, FOR THE ITEMS THAT WE HAVE ON HERE THAT ARE ALLOCATED IN 26, DETERMINING WHAT THE INCREASE OF YOUR I-N-A-I-N-S RATE WOULD BE FOR THAT LINE ITEM.
IS THAT LIKE, IS THAT TOO FAR IN THE WEEDS OR ALL FOUR? YEAH.
UM, SO I MEAN, I, I MEAN WE'VE GOT THE GROUPINGS, WHICH I THINK IS A GREAT PLACE TO START, BUT IF WE WANT TO RANK WITHIN THOSE GROUPINGS, I THINK WE NEED TO KNOW, HEY, THIS PROJECT IS GONNA BE X AMOUNT OR COULD YOU GIVE US A GENERALIZATION IF THE PROJECT IS A MILLION DOLLARS, THAT WOULD BE THIS PERCENTAGE POINT SO THAT WE COULD THERE YOU GO.
I CAN TELL YOU TO SOME PROXIMITY, UM,
IS THAT THAT'S WHAT YOU'RE ASKING? YEAH, THAT'S WHAT WE WE WANT.
YOU KNOW, SO I GUESS WHAT A MILLION, OKAY, WELL WE'VE
[00:40:01]
GOT A BUNCH.WE'VE GOT A BUNCH OF A HUNDRED THOUSAND ONES.
SO EVERY EVERY 1 MILLION IS 0.001.
BUT YOU, YOU CAN GIVE ME SPECIFICS AND I CAN GIVE YOU A CLOSER NUMBER SO YOU DON'T HAVE TO FIGURE, OH, IT'S THAT NUMBER TIMES FOUR OR SO JUST, JUST START AND I CAN SO WE'RE GONNA LOOK AT 26.
SO LIKE, UH, I'M ON THE FIRST PACKET HERE THAT STARTS WITH NEW PUBLIC WORKS FACILITY.
DO WE HAVE TWO OF THEM? WE HAVE TWO OF THESE.
WHAT ARE THE DIFFERENCE? UM, AND THIS WHAT WE, WHAT WE WENT OFF OF.
OH, AND THIS IS JUST WHAT YOU FOUND IT BETTER.
I DON'T KNOW WHAT YOU GUYS HAVE.
THERE IS A DIFF AND THEY'RE DIFFERENT.
THAT ONE'S, THIS IS CUT OFF DIFFERENT.
THIS HAS AN EXTRA, UH, P 34 1 AN THIS GOES, IT'S PROBABLY GOOD NEWS THIS ONE BECAUSE THAT ONE OVER, I THINK THIS AND THIS ONE PAGE ON THIS ONE.
WELL, THE GOOD NEWS IS THE TOTALS ON THE LAST PAGE OF BOTH OF THOSE ARE THE SAME
I DON'T KNOW WHY THEY'RE DUPLICATE.
UM, YEAH, THE NUMBERS ARE THE SAME ON THE LAST PAGES.
SO I THINK SO THEY'RE JUST DUPLICATES.
NO, THERE'S AN EXTRA PAGE, BUT IT, WHERE'S I'M THREE PAGES THE SAME.
THE EXTRA PAGE IS BECAUSE ONE LINE GOT CHOPPED.
BUT JIM, IF YOU LOOK AT FIRST PAGE ONE IS P 34.
THE NEXT PAGE, P 35 IS AT THE TOP.
YEAH, THEY'RE, THEY'RE IDENTICAL.
RIGHT? EXCEPT FOR WHERE THEY'RE TRUNCATED.
SO I THINK ONE PACKET HAS AN EXTRA PAGE.
YEAH, I THINK IT, THE EXTRA PAGE IS BECAUSE WHEN YOU SHIFTED EVERYTHING, WHEN THINGS GOT SHIFTED DOWN, BECAUSE THERE'S STUFF THAT'S CUT OFF AN EXTRA PAGE, IT FORCED EVERYTHING TO THE NEXT TO THE BOTTOM.
SO ALL YOUR TOTALS HAVE TO ROLL OVER TO ANOTHER PAGE.
SO WHICH ONE WE GONNA SO GO WITH THE ONE.
GO WITH THE ONE THAT HAS THE EXTRA PAGE.
SO THE P 34 AT THE BOTTOM, IS THAT CORRECT? YES.
SO THE ONE, THAT LAST PAGE IS THIS SET ASIDE? YEAH.
USE THE ONE THAT'S LEFT A LITTLE SHORT.
THIS ONE LAST PAGE LOOKS LIKE THIS.
THE ONE THAT ENDS IN P 34 PER PAGE END IN P 34.
SO THIS GUY, AND I'M JUST SETTING MINE UP HERE.
'CAUSE I WROTE EVERYTHING ON THIS ONE.
DON'T WANT TO LOOK AT AN EXTRA ONE.
UNLESS WE WANNA DO THIS TWICE.
WHAT WAS THE FIRST ONE? YEAH, THEY WERE OKAY.
NOW THAT WE'RE ALL ON THE SAME PAGE.
SO I'M LOOKING AT ON PAGE ONE, WE'VE GOT A SUBTOTAL OF 1.2 IN 20 26, 1 0.2 MILLION IN 2026 FOR FACILITIES.
WHAT DO YOU GET AT COLUMN FY 2026? THERE'S A BOLDED 1.2.
THAT 1.2 SUBTOTAL IS HOW MUCH TAX RATE ZERO BECAUSE NONE OF THAT IS DEBT FUNDED.
'CAUSE NONE OF THAT IS WHAT NONE OF NONE OF THOSE PROJECTS ARE DEBT FUNDED.
WE DON'T HAVE TO BORROW MONEY BASICALLY.
SO WE'RE NOT BORROWING MONEY TO DO THOSE STUDIES.
THEN WE GO ON TO PS P ZERO ONE THROUGH P 73.
[00:45:02]
YEP.IS THAT DEBT? UH, SO IF YOU LOOK AT P 20 AND P 34, YOU WILL SEE THEY ARE BOTH DEBT FUNDED.
THOSE ARE THE ONLY TWO DEBT FUNDED PROJECTS.
AND P WHAT WAS IT? P 20 AND WHAT? P 20.
SO WE SHOULD BE ABLE TO FILL IN THE BLANK.
BUT CAN I JUST THROW A, A WRENCH IN THAT A LITTLE BIT? SURE.
WE HAVE IT AS DEBT FUNDED, BUT IT'S EXISTING DEBT.
SO WE HAVE MONEY POTENTIALLY LEFT OVER FROM OUR 23 A, UM, ISSUE THAT WAS DONE THAT WOULD PAY FOR PROJECT 20 AND 34.
26 18 IS NOT DEBT FUNDED AT ALL RIGHT NOW.
AND THEN THIS DEBT THAT YOU'RE REFERRING TO THAT WOULD PAY FOR THIS CAN ONLY BE USED FOR PARKS.
THE, AND WE'VE ALREADY DRAWN IT DOWN SO WE'RE NOT DRAWING DOWN FURTHER.
SO CAN WE LINE THROUGH THE DEBT WORD NEXT TO 20 AND 34? I'M 20.
'CAUSE ALBERTA KNOWS I'D LIKE TO CONFUSE THE ISSUE.
SO P 34, YOU HAVE, UM, BASICALLY WE BROKE IT UP INTO THREE DIFFERENT PHASES, BUT WE DO IT ALL THE DESIGN IN 25 FOR THOSE THREE PHASES.
SO DO WE HAVE THE DEBT TO COVER ALL THREE PHASES? NO.
SO THAT'S, I GUESS THE CAVEAT TO THAT IS, UM, SO YOU'D WANNA DO, YOU'D WANNA BORROW FOR THE REST OF IT, CORRECT? WELL, I MEAN THAT, I GUESS THAT'S WHY IT STARTED.
IF YOU NEED TO, LIKE, IT'D BE ABOUT 4.4 MILLION THAT YOU WOULD NEED TO DO ALL PHASES THAT WOULD NEED TO BE BORROWED.
SO MY POINT BEING THAT TYPICALLY WHEN WE DO A PROJECT, WE DON'T LIKE TO START IT WHEN WE ONLY GOT PARTIALLY FUNDED.
AND SO THAT'S WHY I'M BRINGING THAT UP BECAUSE I KNOW IT'S EASY TO LOOK AT JUST THE COLUMNS AND SAY, OKAY, IT'S 551,000 AND, UH, 26 FOR, FOR THIS PROJECT AND 1.6 MILLION FOR THIS OTHER PROJECT.
BUT IF YOU GO OUT TO THE RIGHT, YOU SEE THAT WE'VE GOT 1.6 MILLION, 1.6 MILLION AND SO, OKAY.
BUT FOR PROJECT 20, WE HAVE ALREADY DRAWN DOWN THE DEBT ENOUGH TO COVER THAT.
WE'RE NOT GOING TO HAVE TO GO OUT FOR ANOTHER BOND ON THAT 551,000.
SO CAN WE LINE OFF THAT DEBT NOTE? YES, I CAN DO YOU ONE BETTER AND I CAN DELETE IT FROM THIS SHEET AND IT CHANGES EVERYTHING REAL TIME.
BUYING THE HALT THING OR JUST THE WORD DEBT? DEBT.
SO NOW YOUR PARKS, IF YOU LOOK AT YOUR INCREASE WITHOUT SKY BOX, IT'S DOWN TO 50 CENTS VERSUS THE WHATEVER IT WAS, 67.
UH, WHERE IS THAT? UP ON THE TOP PART WHERE YOU HAVE THOSE ORANGE LETTERS, YOU SAY WITHOUT SKYBOX? YES.
IT, IT TAKES IT DOWN TO 50 CENTS.
29 9 60 7 CENTS AND IT GOES TO WHAT WAS 67.
SO HERE WHERE YOU SEE THE 67 GOT IT BECOMES 50.
I I WAS LOOKING, OH, THE 67 BECOMES 50.
CAN I BE IN CHARGE? IT SHOULD ALL ACCIDENT THE TOTAL, I'M SORRY, COST PER MONTH 29.
ARE WE GOING TO TAKE OFF THE DEBT ON, UM, UH, CAN YOU TOGGLE BACK TO YOUR SPREADSHEET WHERE IT CHANGED TO THE 50 CENTS PLEASE? YEAH, THANK YOU.
OH, IT ADDED UP TO 34 POINT 90 NOW.
WELL, UM, SO LET ME CLARIFY YEAH.
PLEASE, PLEASE DO SO AS YOU GUYS ARE LEARNING, AS WE CONTINUE TO DO THIS CIP PROCESS YEAR AFTER YEAR, THE CIP IS VERY DYNAMIC UHHUH.
AND SO AS WE GET NEW CONSTRUCTION COST ESTIMATES IN,
[00:50:01]
OR WE DO CHANGE ORDERS OR ANY OF THOSE THINGS, I AM UPDATING THIS SPREADSHEET ON A REGULAR BASIS.SO THAT'S WHY YOU SEE THAT MY STREET NUMBER IS DIFFERENT ON THIS SHEET THAN IT WAS YEAH.
BECAUSE I'M, WHEN I, EVERY TIME I TAKE ONE OF THESE SNAPSHOTS, IT CHANGES.
BUT THEN WEEKS CAN GO BY AND I'VE CHANGED IT MULTIPLE TIMES TO TRY TO KEEP UP UNTIL WE GET IT TO CITY COUNCIL FOR THE FINAL BUDGET.
BUT 34 POINT 90 HAS NOTHING TO DO WITH CHANGING 67 CENTS TO 57, CORRECT.
SO I MEAN, IF I WOULD'VE GONE BACK TO THE OTHER NUMBER, YOU WOULD'VE STILL SEEN THIS 67 CHANGE TO 50 MM-HMM
THEN IT WOULD BE 29 52, RIGHT? MM-HMM
THE DIFFERENCE BETWEEN THESE TWO IS NOT THE PARK PROJECT, IT'S OUR STREET PROJECTS.
UH, PROJECT, UH, 34 THEN WE'RE, WE'VE GOT A PARTIAL FUNDING ALREADY DRAWN, IS THAT CORRECT? NUMBER 34? UM, YES.
SO IT'S CURRENTLY USING, UM, PARK IMPROVEMENT FUNDS AND LEFTOVER FROM THAT 23.
SO HOW MUCH DO WE HAVE TO, UH, HOW MUCH DO WE HAVE TO TAKE DOWN AS LOAN TO COVER THE, THE OTHER 4.95 MILLION FOR THE ENTIRE PROJECT OVER THREE PHASES? UM, SO LET ME GIVE YOU THAT NUMBER.
UM, SO THAT WOULD BE ABOUT, UM, AN INS IMPACT OF, UM, SIX TENTHS OF A SIX, ONE THOUSANDTHS OF A PERCENT.
THAT'S HOW MUCH YOU'D HAVE TO BORROW OR THAT'S HOW MUCH YOU WOULD, THAT'S HOW MUCH THE INIS IMPACT WOULD BE, RIGHT? WHICH GUESS? OR JUST THAT PROJECT? YEAH, THAT'S REALLY WHAT I'M LOOKING FOR.
TO PUT A NUMBER NEXT TO DEBT IS GONNA BE 0 0 6.
AND NONE OF THE OTHER PAR PROJECTS ARE USING, WERE BORROW NONE OF THE OTHER PRO PARK PROJECTS ARE WE BORROWING MONEY FOR IN 26? THAT'S CORRECT.
HAVE WE USED ALL THE BOND MONEY? NO.
PARKS? THAT'S PART OF WHAT, NO, WE HAVE NOT.
HOW, HOW MUCH MONEY DO WE HAVE FROM THE BOND ON THE PARKS? YOU KNOW, HOW MUCH IS LEFT? MM-HMM
SO, UM, YOU WILL HAVE ABOUT, UM, 3 MILLION.
OKAY, SO JUST STICKING WITH 26 THEN IF WE MOVE ON TO THE NEXT SECTION.
THIS IS, IS DOWN THERE, UH, T ZERO ONE, UH, WHAT WAS THE TOTAL FOR THE 6.189? UH, TOTAL INCREASE SHOULD BE 0 0 6.
NO, NO, THAT WAS JUST FOR THAT ONE LINE ITEM.
BUT I, I JUST ASKED IF THERE WERE ANY OTHER PARK PROJECTS THAT WE'RE FUNDING WITH DEBT.
IF WE'RE NOT FUNDING IT WITH DEBT, THEN HOW IS OUR DEBT INCREASING? THE, THE 6.189 IS, OR THE 6 MILLION 180 9 IS ALL THE PROJECTS IN 26 OF THAT.
ONLY 1,000,241 WOULD BE IN 26.
BUT YOU'RE HAVING TO BORROW FOR THE WHOLE PROJECT BECAUSE WE CAN'T BORROW 1,000,241 AND THEN NEXT YEAR SAY, OKAY, NOW WE NEED TO BORROW 1.7 AND THEN OH, THE NEXT YEAR WE NEED ANOTHER 1.7.
SO, SO YOU'RE BORROWING IT ALL UP FRONT.
SO MAYBE I ASKED THE WRONG QUESTION ON P 34, UHHUH, P 34 IS 4.95 MILLION RIGHT ACROSS ALL PHASES.
RIGHT? HOW MUCH HAVE WE BORROWED THAT? WE CAN REDUCE THAT AMOUNT BY THAT WE'VE ALREADY BORROWED, SO IT'S NOT COUNTING ON OUR 26.
I ALREADY TOOK THAT OFF TO GIVE YOU THAT.
SO WE NEED TO BORROW 4.9 MILLION.
SO DOWN AT 6.189, THAT'S A 0.006,
[00:55:01]
RIGHT? YES.THIS IS WHY YOU DON'T HAVE PLANNING ON ZONING.
WHERE, WHERE'D YOU PUT THAT AT? 6.189 AND ZERO ZERO.
JIM, CAN YOU JUST DO YOUR JOB? THANKS.
SO T ZERO ONE IS RIGHT BELOW THAT.
THAT'S THE SIDEWALK CONSTRUCTION THAT WE'RE NOT DOING WITH DEBT, BUT IT LOOKS LIKE T ZERO FIVE.
AND IS THAT YOU WOULD HAVE TO BORROW FOR THAT PROJECT? UM, 19.2 MILLION.
AND WHAT WOULD THAT BE? THAT IS ABOUT ANOTHER, UM, 0.0 2 5 0 2 5 0 2 5.
YEAH, I POINT TO SEE THREE ONE.
SO T ZERO SEVEN, WOULD WE HAVE, WOULD WE HAVE TO BORROW, OH, THAT ONE'S ON PAUSE.
SO DO YOU WANT, THAT WAS, I WAS GONNA ASK YOU, SO HOW DO YOU WANT TO REFLECT T ZERO SEVEN KNOWING THE DECISION THAT COUNCIL JUST MADE AND WHAT EXACTLY WAS THEIR DECISION? THEY PUT IT ON PAUSE, BUT WHAT DOES THAT MEAN? THEY, THEY, FOR WHAT? SO THEY BASICALLY SAID WE ARE NOT GONNA DO THE PROJECT RIGHT NOW.
UM, THEY DIDN'T BASICALLY SAY THAT.
THEY DID SAY THAT WE ARE, WE FINISHED THE ICE STUDY.
WE ARE GOING TO LET THE DEVELOPER OF THE COTTONWOOD PROPERTY ON THE NORTH SIDE DO WHAT THEY DO, WHICH MEANS THEY WILL HAVE TO COORDINATE THEIR DEVELOPMENT, WHICH IS THE EDC OWNED LAND.
SO WE WILL LET THAT DEVELOPER DO WHAT THEY DO, COORDINATE WITH TXDOT AND WITH ME ON TRAFFIC IMPROVEMENTS ON THE NORTH SIDE OF 79 AT 1 32.
AND THEN BASICALLY WE WILL KICK THE CAN DOWN THE ROAD AND WE WILL REEVALUATE AT A LATER TIME, ONCE THE COUNTY'S OVERPASSES FULLY ONLINE, THE DEVELOPMENT IS HAPPENING THERE ON THE EDC LAND AND ANY OTHER GROWTH THAT'S HAPPENING IN THE AREA, WE'LL COME BACK AND REEVALUATE AND DETERMINE WHAT THE PATH BEST PATH FORWARD IS.
SO THEN I RECOMMEND WE DON'T TAKE IT OFF OF THE CIP LIST, BUT WE MOVE IT TO 2030.
I WAS GONNA SAY, LET'S MOVE IT TWO YEARS THAT WAY.
THE, THE BIG CHUNK IS STILL SEPARATE AND WE SEE A 28 AND A 30.
WE'VE GOTTA KEEP IT ON THE CP THOUGH.
SO THIS YEAR, THAT'S WHY I SAID YEAH, LEAVE IT, BUT, BUT LET, LET'S MOVE 12 MILLION TO 28.
AND WHY DO YOU CARE IF WE PUT IT IN 30? WHY DO YOU NEED TO PUT IT IN 28? JUST SO WE CAN SEE THAT THERE'S THE TWO PIECES OF IT.
BECAUSE IF WE JAM IT TOGETHER, THEN IN A YEAR OR TWO YEARS, WHEN NEW PEOPLE LOOK AT THIS, THEY'RE GONNA SAY, HEY, WHY IS THIS SPLIT OUT? WE'VE GOT AN ANSWER.
IF IT'S ALL JAMMED TOGETHER, THEN THEY'RE NOT LOOKING AT IT IN THE SAME, FROM THE SAME VIEWPOINT AS AS WE WERE.
I DON'T THINK THAT THAT MATTERS BECAUSE IT'S NOT GONNA, THERE'S A CHANCE IT'S NOT EVEN GONNA BE AN OVERPASS.
YOU KNOW WHAT I MEAN? SO I DON'T THINK IT HURTS ANYTHING TO PUT IT 2030 AND BECAUSE IT'S GONNA BE RIGHT, IT'S GONNA BE COMPLETELY MODIFIED.
SO I THINK WOULD AN EFFECT ON, ON YOUR BOTTOM LINE IN 30 IF I LIKE, I LIKE THE IDEA OF BREAKING IT UP BECAUSE IF YOU'RE GONNA PUT IT ALL IN 30, YOU'RE GONNA BE PUTTING WHAT? 20? HOW MUCH IS IT? A HUNDRED? ABOUT 121.
BUT YOU'RE ASSUMING THAT IT'S GONNA STAY IN OVERPASS.
AND IF WE'RE RELYING ON THE DEVELOPER TO GO IN AND DO SOMETHING, I DOUBT THAT THE DEVELOPER IS GONNA AGREE TO AN OVERPASS.
YEAH, BUT, BUT AT LEAST IT'S IN THE CIP IT'S HERE.
RIGHT? THAT'S WHAT I'M SAYING.
LEAVE IT IN THE CIP BUT PUT IT TO 2030.
SO, BUT I DON'T THINK WE SHOULD PUT IT ALL IN ONE 30.
I THINK WE NEED TO BREAK IT UP.
SO YOU PEAK PUTTING IN 30, 32.
LIKE NEXT YEAR YOU COULD PUT IT IN 30 AND 31 THE NEXT YEAR.
YOU COULD PUT IT IN 31 AND 32, WHATEVER YOU WANNA DO.
I'M JUST SAYING LEAVE IT ON THE LIST, BUT JUST MATT, CAN I HAVE A CLARIFICATION? WE'RE WE'RE BOTH SAYING THE SAME THING.
IT'S JUST THAT YOU'RE SAYING PUT IT IN IN 30, THE TOTAL AMOUNT IN 30, I'M SAYING SPLIT IT IN HALF, PUT IT IN 29 AND 30.
AND THE REASON WHY I'M SAYING PUT IT IN 30 IS BECAUSE RIGHT NOW
[01:00:01]
IT'S AN OVERPASS AND BASED OFF OF WHAT WE'RE HEARING COUNSEL SAY OF WHAT THEY'RE PLANNING ON, IT'S NOT LIKE THEY'RE PLANNING ON STILL DOING AN OVERPASS IS WHAT IT SOUNDS LIKE TO ME.IT SOUNDS LIKE THEY'RE WANTING TO SEE WHAT A DEVELOPER DOES WITH IT TO DETERMINE THE PLAN.
SO YOU'RE BASING THAT OFF OF YOUR COMMENT.
IS BASING IT OFF OF ITS STAIN AS IS WITH IT BEING AN OVERPASS.
AND I'M SAYING IT'S PROBABLY GONNA CHANGE.
SO YOUR DOLLAR AMOUNT IS GONNA SIGNIFICANTLY BE DIFFERENT PROBABLY.
BUT IF IT CHANGES, THEN YOU REDUCE THE PRICE, THE DOLLAR AMOUNT IN THERE.
SO WHAT? AND 2030 IS ALL I'M SAYING, SO I OKAY IT, THIS IS A DUMB THING.
I DON'T, I'M NOT TRYING TO ARGUE, BUT I JUST DON'T SEE WHY IT'S AN WHAT DOES IT HURT? MATT, CAN I HAVE A CLARIFICATION? JUST A SECOND.
MATT, WHAT DO YOU SUGGEST? I, I'D LIKE A CLARIFICATION.
FIRST I UNDERSTAND IT THAT THE 1 32 PROJECT, WHETHER IT'S AN OPRAH PASS OR A SINGLE GRADE, IS THE SAME CIP, YES OR NO? YES.
UM, SO I, I HAVE TO BE CAREFUL HOW I SAY THINGS.
LOOKING AT THE ICE EVALUATION, LOOKING AT ALL THE GOALS OF THE PROJECT AS IT WAS ORIGINALLY CREATED BY THE CITY, I CAN TOTALLY SEE WHY WE WOULD WANT TO DO AN OVERPASS.
BUT MY JOB IS NOT TO LOOK AT ECONOMIC DEVELOPMENT.
MY JOB IS TO LOOK AT ENGINEERING ASPECTS, LOOKING AT ECONOMIC DEVELOPMENT AND WORKING WITH THE DEVELOPER THAT THE EDC HAS HIRED.
CITY COUNCIL HAS SAID WE NEED TO FOCUS ON ECONOMIC DEVELOPMENT IN THIS INTERSECTION.
ONE OF THE CONSIDERATIONS THAT WE HAD TO TAKE INTO ACCOUNT WHEN WE DID THE ICE STUDY WAS WE HAD TO LOOK AT THROUGHPUT.
WE HAD TO LOOK AT IMPACTS TO SAFETY.
WE HAD TO LOOK AT ENVIRONMENTAL IMPACTS THAT'S REQUIRED.
WHEN WE DO THESE STUDIES, THE SAFEST OPTION OUT OF ALL THE OPTIONS WE STUDIED IS AN OVERPASS.
YOU MINIMIZE YOUR CONFLICTS, YOU MINIMIZE TRAIN ISSUES, YOU MINIMIZE ALL THE THINGS.
I BELIEVE THAT AT SOME POINT AN OVERPASS WOULD BE JUSTIFIED THERE.
I'M NOT SAYING THAT WE NEED TO GO DO AN OVERPASS RIGHT NOW.
UM, SO IN AN EFFORT TO NOT ANSWER THE QUESTION
AND HERE'S, HERE'S THE BOTTOM LINE ON WHY WE F WHEN WE DID THE ICE STUDY.
SO THE WAY THAT YOU DO AN ICE IS YOU START WITH A BIG LIST OF POSSIBLE INTERSECTIONS AND YOU CONTINUE TO FUNNEL THAT DOWN UNTIL YOU GET TO THE ONES THAT YOU THINK THAT THE, THAT THE ANALYSIS SAYS ARE THE BEST FOR THE PROJECT.
LOOKING AT THE FIVE PROJECTS THAT WE FINALLY ENDED UP WITH AFTER WE FUNNELED IT ALL THE WAY DOWN, THE PRICES RANGED ON THOSE PROJECTS FROM THE CHEAPEST ONE WAS RIGHT AT 120 MILLION AND THE MOST EXPENSIVE ONE WAS, I WANNA SAY 150 MILLION.
AND THAT'S ASSUMING THAT WE STARTED IMMEDIATELY.
IF YOU KICK THE CAN DOWN THE ROAD FIVE YEARS, THOSE NUMBERS ARE ALL GONNA CHANGE.
SO I DON'T, I DON'T MILLION KNOW THAT IT REALLY MATTERS, ESPECIALLY SINCE WE REDO THESE CONVERSATIONS EVERY YEAR.
IF YOU PUT IT IN 29 OR 30, BECAUSE IT GIVES YOU PLENTY OF TIME TO REEVALUATE EVERYTHING BETWEEN 26 AND 29.
UM, I DON'T EVEN KNOW THAT IT MATTERS IF YOU SAID, I WANNA DO IT IN ALL IN 28, BECAUSE IT'S STILL THREE YEARS OUT AND YOU'VE GOT TWO MORE YEARS TO PUT IT IN THERE.
I DON'T KNOW THAT YOU HAVE TO BREAK IT UP FOR THIS CONVERSATION FOR YOUR RECOMMENDATION TO CITY COUNCIL, BUT, WELL, SO I DON'T KNOW IF THAT HELPS, BUT I'M TOTALLY AVOIDING YOUR QUESTION.
SO MY, MY THANK YOU, MY RATIONALE FOR BREAKING IT UP IS BECAUSE OF THE LEAD TIME OF DESIGN.
I DON'T WANT US TO CONTINUE ON WITH THIS CONVERSATION.
I WOULD PREFER THAT WE MOVE ON.
WE'VE SPENT MORE THAN THE THREE MINUTES ON THIS LINE ITEM,
AND IF I COULD JUST THROW ONE MORE THING, THEN IT WILL ALSO AFFECT YOUR INS WHEREVER YOU PUT IT.
SO IT'S GONNA, I'M NOT GONNA SAY SKEW, BUT IT IS GOING TO MAKE A SIGNIFICANT IMPACT WHEREVER YOU PUT IT.
I, I'M I'LL, I MEAN, THAT'S FINE WITH ME TOO.
WHY NOT? 22 MINUTES AND 35 SECONDS,
[01:05:04]
SO WE'RE PUTTING IT ALL IN 30? YES, SURE.I MEAN, BASICALLY ANY, ANY DEBT WE HAVE, SHOULDN'T WE BE KICKING IT DOWN THE KICKING THAT CAN DOWN THE ROAD THREE YEARS? OKAY.
SO YOU JUST REMOVED ABOUT $4 FROM YOUR 26 TAX RATE.
SO THE, THE OVERALL, DID YOU WEAR IT LIKE A $34 ON, ON MY SPREADSHEET? NOT NECESSARILY YOURS, BUT ON MINE YOU WERE AT A $34, NOW YOU'RE AT A $30.
PLUS YOUR 50 CENTS IN PARKS PUT YOU AT 31 20 TOTAL.
AND YELLOW IS STILL IN DESIGN? YELLOW IS IN DESIGN.
SO THE NEXT ONE WITH DEBT THAT I'M LOOKING AT IS T 18, CORRECT? THAT'S IN DESIGN, YES.
UM, BUT I, I WOULD DO, WE KNOW THE DEVELOPER IS GONNA PARTICIPATE.
THE DEVELOPER IS REQUIRED TO PARTICIPATE BECAUSE WE, THIS WAS THE HERITAGE MILL PROJECT AND WE WOULD NOT SIGN OFF ON THEIR, UH, DEVELOPMENT UN UNTIL THEY AT LEAST COMMITTED TO BUILD HALF THE ROAD.
IT JUST SAYS POSSIBLE DEVELOP OR PARTICIPATION OFFICER.
THAT NOW HE SAYS IT'S REQUIRED.
SO THE 4.5 MILLION IS OUR SHARE OF THE COST? YES.
AND NO MONEY HAS BEEN DRAWN DOWN ON THAT PREVIOUSLY TO FUND THAT, IS THAT CORRECT? UH, WE HAVE USED, UM, ABOUT 424,000, UM, THIS YEAR FROM THE TRANSPORTATION IMPROVEMENT FUND.
UM, AND THEN THE 4.5 OR 4.6 IN 26, WE WILL USE OUR EXISTING DEBT.
SO YOU WON'T NEED TO BORROW, WE'LL USE OUR 24.
SO WE CAN LINE THROUGH THAT DEBT, CORRECT? CORRECT.
AND THAT CHANGED SINCE MATT AND I TALKED.
SO THE 4.6 AND NOW YOU'RE DOWN TO 29 81.
LINE THREE, UH, DEBT FOR T 18 ON T 18.
THAT LOOKS LIKE IT'S ABOUT, UH, 40% OF THE TOTAL BILL.
DID YOU SKIP T 22 AND 23? OH, I'M LOOKING IN THE WRONG, WRONG COLUMN.
SO THAT ONE LOOKS LIKE IT'S SPLIT UP, PROBABLY DESIGN AND CONSTRUCTION.
AND AGAIN, WE HAVE NOT DRAWN DOWN ANY DEBT PREVIOUSLY DRAWN DOWN ANY FUNDS PREVIOUSLY TO REDUCE THAT NUMBER.
SO SIX POINT, CALL IT 6.2 MILLION, BUT WHEN YOU NOT NEED TO DO WHAT'S INCLUDED IN 27, SO THAT'S A TOTAL OF 15 MILLION, 1 76.
WE WOULDN'T HAVE TO DRAW THE ENTIRE, WE WOULDN'T HAVE TO BOND THE ENTIRE 15 POINT.
SO WOULDN'T OTHERWISE AGAIN, YOU WOULD, WE WOULD BORROW 6.2 MILLION AND YOU'D GET IN THE MIDDLE OF THE PROJECT AND I'M OUT OF MONEY.
SO YOU BORROW THE TOTAL HAVE TO, YOU HAVE TO BORROW THE WHOLE, YOU HAVE TO BORROW THE WHOLE THING.
YEAH, WE'RE ON THE, WE'RE SAYING THE SAME THING.
I WAS JUST PROBABLY SAYING IT BACKWARDS.
SO, SO, SO WE ARE LOOKING AT 15, 15.2 MILLION.
SO 15 TWO, UM, WOULD INCREASE THE INS, UM, 0.02.
WE'VE GOT NO PREVIOUS FUNDS REDUCING THIS.
OH, WE DO HAVE PREVIOUS FUNDS.
SO YOU'D BORROW, I SEE THE NUMBER 9 MILLION 52 9 19.
SO THAT, LET'S CALL IT 9,000,053 OR, YEAH.
SO WHAT'S THAT COME OUT TO? UM, THAT WOULD BE, UM, 0.01 2.012.
WHY DID WE KEEP THIS ONE IN 26?
[01:10:03]
WAS, IS THERE A SENSE OF URGENCY AROUND THIS ONE? WHY'D WE PUT IT IN 26? YEAH, BECAUSE THEY'RE DOING THE ROUNDABOUT, UH, 1 37 AND COUNTY ROAD.NO, YOU'RE LOOKING AT THE WRONG PRODUCT.
WE'RE COUNTY AT 1 32 AND 1 33.
RIGHT? YOU'RE LOOKING WAIT, WAIT, WAIT.
TWO T 41 T 41 IS 1 32 AND 1 33.
OH, I THOUGHT SHE WAS, I THOUGHT YOU, I'M SORRY.
I THOUGHT YOU WERE ASKING ABOUT, UH, T 40 AND I BELIEVE THAT WAS TO TIE IN WITH THE POTENTIAL DEVELOPER PROJECT, RIGHT? FOR THE AT GRADE OR OVERPASS OR WHATEVER'S GOING DOWN THERE.
BUT RIGHT NOW WE'VE GOT A TWO LANE ROAD CONNECTING TO THE IMPROVEMENTS THAT THEY DID OUT BY FLORA.
SO ACTUALLY THIS IS THE REALIGNMENT.
SO THIS WAS THE TOKEN PROJECT THAT WE DISCUSSED WITH CITY COUNCIL TO SHOW EVERYBODY THAT THE CITY IS ACTUALLY SERIOUS THIS TIME ABOUT THE HU ARTERIAL PROJECT.
SO WE'RE GONNA LAY IN THE FIRST TWO LANES THAT BASICALLY, 'CAUSE RIGHT NOW IN ORDER TO GET FROM 1 32 TO 33, RIGHT? YOU COME OFF OF 79, THEN YOU GO DO NORTH MM-HMM
THEN YOU TURN 90 DEGREES TO GO WEST, AND THEN YOU TURN 45 DEGREES TO GO UP 1 33.
ROUGHLY THIS PROJECT WOULD SAY YOU COME OFF OF 79, YOU GO NORTH AND THEN DO LIKE A 45 DEGREE BEND ON 1 32 AND IT JUST TAKES YOU STRAIGHT UP INTO 1 33 ALL THE WAY UP TO 1660.
AND SO THEN THAT WEIRD 90 DEGREE STUFF WOULD NO LONGER BE AN ISSUE.
AND THEN THAT'S THE FUTURE PATH OF THE HU ARTERIAL.
THIS WOULD BE THE FIRST TWO LANES IN THAT SPECIFIC AREA OF A SIX LANE ROAD EVENTUALLY OF SOUTH CONNECTION.
AND THERE'S NO DEVELOPER PARTICIPATION IN ANY OF THIS.
UH, WE ALREADY GOT THE FULL RIGHT OF WAY FROM ALL THE DEVELOPERS IN THE AREA, WHICH IS 136 FEET RIGHT.
IF, IF YOU, IF YOU DRIVE 1 32 HEADED NORTHBOUND MM-HMM
YOU SEE THIS HUGE OPEN AREA, THAT'S OUR RIGHT AWAY.
I KNOW EXACTLY WHAT WE'RE TALKING ABOUT.
SO BASICALLY THE PROJECT IS GOING TO START ROUGHLY IN THIS AREA, AND IT'S GONNA CUT THIS WAY RIGHT THROUGH ALL THIS RIGHT AWAY THAT WE ALREADY HAVE.
SO THIS IS MY CONCERN, RIGHT? AS A TAXPAYER, IF I'M HEARING, LIKE, JUST ROLL WITH ME ON WHAT I'M ABOUT TO SAY, GUYS.
SO IF I'M A TAXPAYER
'CAUSE I DON'T UNDERSTAND THE DIFFERENCE BETWEEN INS AND M AND O AND ALL THOSE THINGS, RIGHT? I JUST KNOW THAT MY TAXES ARE GONNA INCREASE, BUT IF I'M BEING TOLD IT'S FOR TRAFFIC AND IT'S FOR STREETS AND ALL OF THOSE THINGS, I WOULD WANT TO MAKE SURE THAT THOSE DOLLARS ARE BEING ALLOCATED TO ROADS THAT I ACTUALLY DRIVE ON.
WHEREAS A ROAD LIKE THIS ONE, I'M SURE THAT THERE'S PEOPLE THAT DRIVE ON IT.
I'M ONE OF THOSE PEOPLE, BUT I DON'T DRIVE ON IT OFTEN.
AND IN COMPARISON TO THE OTHER ROADS IN THE CITY THAT HAVE A LOT MORE TRAFFIC, I JUST WOULD ARGUE THAT MAYBE WE NEED TO PRIORITIZE THINGS A LITTLE BIT DIFFERENTLY.
AND IF THIS IS GONNA COST, I'M JUST SEE, I SEE THE FACES.
I'M NOT TRYING TO F RUFFLE FEATHERS,
SO WHAT I'M SAYING, I UNDERSTAND WHAT, I UNDERSTAND WHAT YOU'RE SAYING AND I AGREE WITH YOU, BUT I ALSO THINK THAT IF YOU, IF YOU HAVE THE ACCESS TO GET IN AND OUT OF THE CITY BESIDES USING THE MOST COMMONLY USED ROADS, YOU'RE GONNA TAKE IT.
BUT I, BUT I TOTALLY AGREE WITH YOU.
ONE CLARIFICATION OF THE, THE 1.02 MILLION THAT WE'VE ALREADY SPENT.
IF WE DELAYED THAT, IS THERE ANYTHING LOST ON THAT? DO WE HAVE TO DO, IS THAT A DESIGN? DO WE HAVE TO REDESIGN? DO, IS THAT MONEY NOT SPENT? WELL, NO, WE WOULDN'T HAVE TO REDESIGN.
WELL, COUNSEL WILL DO WHAT COUNSEL DOES.
I'M NOT ON, SO I'M NOT, I'M NOT RECOMMENDING WE MOVE IT OR ANYTHING.
I'M JUST TRYING TO UNDERSTAND.
SO THE NEXT ONE THAT I SEE IS T FOUR EIGHT, WHICH LOOKS, WHICH LOOKS TO BE 7.2 MILLION STILL TO BORROW,
[01:15:01]
ACTUALLY, YOU'D BORROW, UM, 6 MILLION 842 2 0 1.YEAH, BECAUSE WE'VE ALREADY GOT 635,880.
WELL THE TOTAL PROJECT WAS 7.9 MINUS 6 35.
THAT'S, AM I READING THAT WRONG? NO, THAT'S RIGHT.
AND THEN THERE'S ABOUT ANOTHER 424,000 THAT WE'LL USE FROM, UM, THE OLD 22 GOS.
THERE'S ABOUT 1,000,050, A MILLION, 60,000 THAT YOU'RE GONNA USE FROM EXISTING DEBT.
SO THERE'S AN ADDITIONAL 400,000 THAT WE'RE NOT SEEING ON THIS SHEET.
SO THE REMAINDER, IF I CAN JUMP IN REAL QUICK.
SO IF YOU LOOK AT MY SCREEN, HOLY MOLY.
THAT THAT NUMBER HAS CHANGED LIKE A LOT.
WE'RE GONNA TRIPLE THE NUMBER REAL QUICK.
WHAT HAPPENED, MATT? UH, WE, WE GOT THE COST ESTIMATE OR THE OPINION OF PROBABLE COST ON T 47.
AND SO, UH, SINCE T 47 IS THE SMALLER ONE, WE ALSO IN WENT AHEAD AND INFLATED T 48 TO BE COMPARABLE.
GOLLY, THESE ARE ENGINEERS ESTIMATES.
WE'RE ONLY AT THE SCHEMATIC PHASE, BUT LIKE, IT'S THE BEST DATA THAT I HAVE AVAILABLE.
AND YOU GOTTA REMEMBER THIS IS, THIS IS TO BUY RIGHT OF WAY AND DO ALL THE THINGS TO TAKE THE LUMBER LOOP FROM ITS CURRENT TO ITS ULTIMATE.
SO IT'S LIKE, THAT'S WHAT I DO.
SO HOW MUCH IS IT, WHAT IS THAT? 25, 29, UH, T 47 WENT TO 20.8 MILLION AND T 48 WENT TO 25 MILLION.
UM, MATT, WHICH ONE OFF THE TOP OF YOUR HEAD IS THE, UH, THE THIRD LIMMER EXPANSION? I'M SORRY, THE THIRD LIMMER.
I'M, BECAUSE THAT'S, WE'RE LOOKING AT INNOVATION EDGE SCHMIDT, EDGE SCHMIDT TO 1660 UHHUH.
WHERE'S 1660 TOT 51 TO TWO? IS IT T 51? NOPE, THAT'S COVERT TO 1 0 1.
WHAT ABOUT 37? THAT'S 1660 TO COUNTY ROAD 1 32.
SO T 37 IS ALL THE WAY OUT AT 2030.
UH, GIVEN THE PRICE TAG, I'M, I'M THINKING ABOUT POSSIBLY REORDERING HOW WE'RE DOING THIS.
'CAUSE BEFORE IT WAS ED SCHMIDT AND INNOVATION, YOU KNOW, GETTING THAT CONNECTION SO THEY COULD GET OVER TO THE TOLL ROAD AND ALL OF THAT.
BUT GIVEN THE PRICE TAG ON THIS, I'M THINKING MAYBE WE WANT TO DO 79 OR UH, 79 LIMMER OR 1 0 1 IN LIMMER, WHATEVER YOU WANT TO 79 TO COVERT.
BUT THEN YOU ALSO HAVE TO THINK THAT IF IT'S GONE UP THAT MUCH ALREADY YES.
IF WE'VE SET IT OUT ANY FURTHER, IT'S GONNA GO UP TWICE THAT EXACTLY.
I THINK WE NEED TO GET IT, BUT YOU HAVE TO TAKE INTO ACCOUNT THAT OUR POPULATION INCREASES.
SO THE, THE OVERALL COST MAY GO UP, BUT THE COST PER CITIZEN OR PROPERTY COULD GO DOWN OR LAY BE FLAT IT OR IT MIGHT NOT.
OR IT MIGHT NOT, BUT YOU CAN'T SAY DEFINITIVELY IT'S GONNA COST US MORE PER CITIZEN.
BUT WHAT I'M LOOKING AT, BECAUSE WE DON'T KNOW IS TRAFFIC IMPROVEMENT, TRAFFIC FLOW IMPROVEMENT, IF WE'RE TALKING ABOUT 1660 TO INNOVATION, THAT WILL HELP GET PEOPLE DOWN TO 79.
YEAH, I'M NOT, IT WILL NOT HELP AT ALL WITH THE TOW ROLL TOLL ROAD ACCESS BECAUSE THAT'LL SHRINK BACK DOWN TO TWO LANES AND IT WON'T HELP AT ALL GETTING PEOPLE ONTO 79 OVER BY COVERT, WHICH WILL STILL BE TWO LANES.
SO WE'VE GOT A FOUR LANE, FIVE LANE SECTION IN THE MIDDLE, BUT THEN IT CONSTRICTS DOWN ON BOTH ENDS.
THAT'S WHY I WAS SAYING MAYBE WE NEED TO LOOK AT RE AGREEING HOW THIS GOES.
STILL SPENDING THE MONEY ON THE ROAD JUST ON A DIFFERENT SEGMENT SO THAT WE'RE NOT CONSTRICTING ON BOTH ENDS OF OUR NEW, OUR SHINY NEW ROAD.
BUT WHY NOT GET THIS DONE NOW WHILE WE HAVE IT ON THE BOOKS BEFORE THE POPULATION BLOWS UP.
SO THAT WAY WE COULD GET TRAFFIC
[01:20:01]
FLOWING BEFORE THE PRICE GOES UP ANOTHER 3, 4, 5 YEARS FROM NOW.IF, IF WE, IT'S JUST GONNA COST MORE IN INSTEAD OF LIMMER INNOVATION AND UH, I'M SORRY, LIMMER EDGE SCHMIDT AND EDGE SCHMIDT INNOVATION.
IF WE WERE TO DO TOLL ROAD INNOVATION AND INNOVATION EDGE SCHMIDT, TO ME THAT WOULD MAKE MORE SENSE.
BECAUSE NOW YOU CAN GET OUT TO THE TOLL ROAD.
YOU'RE NOT CONSTRICTING ON BOTH SIDES.
THAT'S WHERE I WAS GOING WITH IT.
NOT SAYING LET'S NOT SPEND THE MONEY.
LET'S MAYBE SHUFFLE THESE AROUND SO THAT WE CAN ACTUALLY GET TRAFFIC FLOW IMPROVEMENT.
RATHER THAN JUST BOTTLENECK MONEY.
I AGREE WITH RICK BECAUSE INNOVATION IS WHERE WE GONNA HAVE A LOT OF INDUSTRIAL EXACTLY.
AND, AND THAT WAS THE LOGIC THAT WE USED IN COMING UP WITH THESE PROJECTS.
IT STARTED WITH THE WESTERN MOST PORTION OF THE CITY, WHICH IS INNOVATION.
AND GOING TO EDGE SCHMIDT AND THEN GOING FROM EDGE SCHMIDT TO 1660 MM-HMM
THAT'S WHY WE STARTED AT THAT FAR WEST.
'CAUSE WE DON'T TECHNICALLY OWN ANYTHING BEYOND INNOVATION.
AND SO THAT'S THAT SAME LOGIC BECAUSE THAT'S WHERE ALL THE TRAFFIC IS RIGHT NOW.
AND, AND MY THING HAS BEEN FOR TWO AND A HALF YEARS WHEN WE TALK ABOUT TRAFFIC, IS THAT WE SHOULD BE FOCUSING ON OUR MAIN ROADS, GETTING TRAFFIC THROUGH THEM AND THEN START FIGURING OUT ALL THE OTHER LITTLE PIECES OF WHERE WE WANT TO GO FROM THERE.
BECAUSE LIMMER SQUARE IS GOING JUST ON THE OTHER SIDE OF ONE 30 AND THEY'RE GOING TO BE MESS MESSING WITH LIMMER LOOP WITH THEIR CONSTRUCTION AND EVERYTHING LIKE THAT.
MAYBE WE CAN GET THEM TO PARTICIPATE IN IT.
MAYBE NOT, WHATEVER, BUT I DON'T KNOW WHAT WE WOULD NEED TO DO TO CONNECT LIMMER OR WIDEN LIMBER, EXPAND LIMBER FROM ONE 30 TO INNOVATION.
BUT TO ME THAT SEEMS TO MAKE MORE SENSE THAN JUST DOING IT IN THE MIDDLE.
THAT'S COUNTY ROAD, RIGHT? THAT PART RIGHT.
EVERYTHING WEST OF INNOVATION IS STILL COUNTY.
SO I GUESS HANDLE WHAT WE HAVE CONTROL OVER.
HIS MAGIC HAZEL IS SAYING TALK TO THE COUNTY AND TELL HIM WIDEN IT.
WOULDN'T THAT BE NICE AT THE WIDENER? SO I AGREE WITH YOU THOUGH RICK ON THAT.
I I I THINK IT NEEDS TO BE MOVED.
I DO, BUT WE DON'T HAVE CONTROL OVER THOSE PARTS THAT HE WAS SAYING THAT SHOULD BE MOVED.
SO IF WE DON'T HAVE ANY SAY IN THAT, WE COULD TALK ABOUT WHAT WE DO HAVE A SAY IN WHICH IS THIS ONE.
THIS IS AS FAR WEST AS I YEAH.
AND THIS IS WHAT WE CAN DO TO HELP MITIGATE THAT.
SO, AND HOPEFULLY THE COUNTY WILL DO SOMETHING ONCE THEY SEE WHAT WE'RE DOING.
BUT WE HAVE NO CONTROL OVER WHAT THE COUNTY DOES.
SO IF THE OTHER THING THAT I'LL PUT OUT THERE, AND LEMME PREFACE THIS BY SAYING I HAVE NO OBJECTIONS TO YOU GUYS.
HOWEVER, THE OTHER THING THAT I WILL POINT OUT IS YOU HAVE A LOT OF DEVELOPMENT HAPPENING ALONG THE LIMMER LOOP CORRIDOR.
RIGHT? AND SO GETTING YOUR ULTIMATE CROSS SECTION IS NEVER GONNA BE ANY EASIER THAN IT IS RIGHT NOW.
I NEVER GONNA BE ANY CHEAPER THAN IT IS RIGHT NOW.
AND I'M NOT SAYING THAT TO SAY, GO AHEAD AND DO THIS RIGHT NOW.
I'M JUST PUTTING IT OUT THERE SO THAT YOU GUYS ARE LOOKING AT ALL THE INFORMATION AND IF YOU SAY PUSH IT, I'M FINE WITH THAT BECAUSE THAT'S ONE LESS PROJECT I HAVE TO WORRY ABOUT NEXT YEAR.
WELL, IF THAT DEVELOPMENT'S GOING JUST WEST OF ONE 30, MORE THAN LIKELY, I WOULD THINK THE COUNTY WILL PROBABLY WIDEN THAT PART OF THE ROAD.
THE COUNTY'S GONNA TAKE THEIR TIME AND THEN THAT WOULD MEAN IT WOULDN'T BE WIDENED FROM ONE 30 TO UH, YEAH.
AND THEN, SO MAYBE IF WE DID WIDEN IT FROM INNOVATION UP TO SO AT SMITH AND THE COUNTY WOULD GO, OH LORD, WE NEED TO WIDEN THIS LITTLE PART HERE.
THAT, THAT'S KIND OF WHAT I WAS THINKING IS WHAT IF WE WERE TO FLIP FLOP THE YEARS ON 47 AND 48.
MAKES SENSE TO ME THAT WAY THEY SEE US DOING STUFF FROM THE INNOVATION TO ED SCHMIDT HARD.
AND MATT CAN TALK TO COUNTY AND GO, HEY GUYS, WE WANT INNOVATION TO ONE 30.
[01:25:01]
IDEA.IS THAT DOABLE? LET'S LET, DO YOU THINK, DO YOU THINK THAT WOULD WORK? I MEAN, IT'S JUST KIND OF FLIP FLOPPING WHICH ONE GOES FIRST, BUT I FIGURE IF WE LIGHT A FIRE UNDER COUNTY, RIGHT? SAYING LOOK, WE'RE ALREADY DOING THIS ONE.
DO THE ONE TO THE WEST SO WE CAN CONNECT TO THE TOLL ROAD.
I'M WILLING TO BUY ONE OF THOSE.
THIS BEING RECORDED, REMEMBER THAT? WHAT, WHAT WERE THE, THE INCREASES THE CENTS FOR EACH OF THESE? WAS IT 0.02 OR DOES THAT, DOES THAT ACCOUNT FOR UM, MATT'S CHANGE TO THE 20 MILLION AND THE 25 MILLION? WE DIDN'T DO ONE ON THAT TO SAY LIKE IT'S A 0.0 WHATEVER CENT FOR THESE LINE ITEMS. WE, WE HAVEN'T GOTTEN THERE YET.
YEAH, HE'S WORKING ON IT RIGHT NOW.
SO WE'RE GONNA CHANGE T 47 AND T 48.
SO, AND THE NEW NUMBER IS WOW IS 2 0 8 4 7 8 4 8 7 7 6.
I'M GONNA DO IT LIKE FEDERAL TAXES, EIGHT FOUR.
AND THE OTHER ONE IS JUST A PROJECTION OF 25 MILLION.
NOW KEEP IN MIND WE'RE STILL FAIRLY EARLY, SO THERE'S CONTINGENCY BUILT IN THERE THAT WE HOPE WILL GO AWAY.
AND WHAT DOES THAT DO? WHAT'S THE FIGURE? SO THE 20 MILLION 847, 7 76 IS 0.03.
AND WHAT DOES THE 25, UH, WE, WE WILL GET TO THAT IN 27.
UH, NEXT DEBT ITEM IS ON THE THIRD PAGE.
OH, NEVERMIND, I'M LOOKING AT THE WRONG COLUMN.
UH, HOW ABOUT T 80? T 80? HOW ABOUT T 70? UH, YEAH.
SORRY, WHAT IS THAT? OLD TOWN? OLD TOWN STREETS PHASE ONE.
SO WHEN WE DO THIS, DO THEY HAVE TO GET THE DEBT FOR ALL THE PHASES AT THE SAME TIME? NO, THEY CAN BE SEPARATE.
BECAUSE THEY'RE SEPARATE PROJECTS.
IF IT'S A SINGLE PROJECT WITH MULTIPLE PHASES, ALL RIGHT, THEN WE HAVE TO DRAW ALL THE MONEY.
I WOULD JUST HATE FOR US TO START PHASE ONE AND THEN NOT DO PHASE THREE
YOU KNOW WHAT I MEAN? THE, WELL, AND SO, I MEAN, IF YOU GUYS REMEMBER THE OLD TOWN STREETS, WE SAID WE WERE GONNA START WITH THE SOUTHWESTERN PORTION, WHICH IS FROM 79 TO LIVE OAK AND 1660 TO THE CO-OP.
SO WE WERE GONNA START THERE AND THEN WE WERE GONNA BREAK IT UP INTO PHASE 1, 2, 3, AND FOUR AND BOUNCE OUR WAY THROUGH OLD TOWN.
SO IT IS POSSIBLE THAT CITY COUNCIL WILL SAY, WELL, WE ONLY WANT TO DO ALL OF THIS STUFF IN THE COMMERCIAL PART OF OLD TOWN AND IN THE RESIDENTIAL PARTS OF OLD TOWN WE DON'T WANNA DO IT.
AND SO IT'S POSSIBLE THAT YOU COULD SEE DUE IN PHASE ONE, NOT DOING PHASE TWO, NOT DOING PHASE THREE, AND THEN DOING PHASE FOUR, WHICH IS A MORE COMMERCIAL MM-HMM
SO, I MEAN ALL, ALL OPTIONS ARE ON THE TABLE.
THAT'S HOW WE AS A GROUP DECIDED WE WERE GONNA BREAK THIS THING UP.
WHEN WE TALKED ABOUT IT A COUPLE MONTHS AGO.
AND THE OTHER THING THAT I'LL POINT OUT TO YOU IS THIS, THESE NUMBERS ARE VERY BALLPARK NUMBERS BECAUSE WE HAVEN'T DONE DETAILED ON THE GROUND SURVEYING.
IT'S JUST BACK OF THE HAND KIND OF NUMBERS BASED ON THE NUMBERS THAT WE'RE SEEING FROM THE LIVE OAK PROJECT.
SO I'M OKAY WITH PHASE ONE STAYING WHERE IT IS IN IN 26.
AND SO I MIGHT, SOMETHING'S GOTTA BE DONE BECAUSE THOSE PEOPLE, THOSE PEOPLE HAVE BEEN PROMISED SOMETHING HAPPENING IN ACCOUNT YEARS.
IF COUNCIL WANTS TO SHUFFLE THESE ROUND, THAT'S ON COUNT.
SO THAT'S THE END OF TRANSPORTATION.
DO WE HAVE A TRANSPORTATION SUB TOTAL? YOU,
[01:30:01]
YOU DO NOT HAVE JUST A TRANSPORTATION SUBTOTAL.SO BECAUSE TRANSPORTATION AND DRAINAGE COMBINED.
SO WE'LL CHARGE INTO DRAINAGE THEN.
I AM SEEING THIS SPLIT UP INTO TWO PHASES.
BUT WE HAVE TO DRAW IT SINCE IT'S IN ONE PROJECT.
SO WE'RE LOOKING AT 7 MILLION.
'CAUSE WE'VE ALREADY DRAWN OUT 3.6.
ACTUALLY, UM, LET ME CLARIFY ON THIS ONE.
SO WE'VE LISTED THEM ALL ON THE SAME PROJECT, BUT WE HAVE NOT DESIGNED ALL THREE PHASES.
SO YOU COULD SAY WE'RE GONNA DO THIS ONE AT A TIME.
'CAUSE WE ARE CURRENTLY WORKING ON THE DESIGN FOR PHASE ONE AND WE'VE GOT THAT FUNDED FOR PHASE FOR DESIGN AND CONSTRUCTION.
THE 4.8 MILLION THAT YOU SEE THERE IS FOR PHASE TWO, WHICH HAS NOT STARTED DESIGN.
THE 3.2 THAT YOU SEE IS FOR PHASE THREE, WHICH HAS NOT STARTED DESIGN.
SO THIS ONE'S A LITTLE BIT OF A DIFFERENT ANIMAL FROM WHAT WE'VE TALKED ABOUT PREVIOUSLY.
WHAT WOULD, WHAT WOULD HAPPEN IF WE MOVED IT TO WHERE WE DID ONE EVERY OTHER YEAR? YOU SEE WHAT I'M SAYING? YEAH.
WE'VE GOT WHAT, 26 THEN DO ONE IN 28 AND ONE IN OR 20 WHATEVER IT IS, 25, 27 AND 29.
SO I GUESS MY QUESTION WITH THAT ONE IS I, WE'VE GOT A TON OF DRAINAGE AND CREEK PROJECTS COMING UP.
AND YOU KNOW, WE'RE GONNA BE DOING THOSE FOR THE NEXT 15 YEARS.
IS THIS SOMETHING WHERE IF WE PUSH IT OFF, WE'RE GOING TO BE ADVERSELY IMPACTING UH, MANPOWER? YEAH.
YOU KNOW, LIKE WE JUST DON'T HAVE THE PERSONNEL AND EQUIPMENT TO DO THIS WELL.
SO THIS IS ALL STUFF THAT WE'RE GONNA CONTRACT OUT.
UM, SO IT'S NOT GONNA AFFECT MANPOWER.
I WILL TELL YOU SPECIFICALLY ON D ONE.
WHAT YOU ARE GOING TO AFFECT IS YOU'RE GOING TO AFFECT THAT NEIGHBORHOOD AND HOW LOUDLY THEY SCREAM.
THEY'RE NOT GONNA BE HAPPY IF YOU DELAY THIS, CONTINUE TO DELAY THIS PROJECT.
WHAT IF YOU CONTINUE TO DELAY TO DELAY THIS PROJECT? WELL, YOU KNOW, I LIVED THERE AND I, I WAS PRESENT IN HOA, THE RESIDENTS HAVE BEEN TOLD THAT THIS IS A PROJECT THAT'S NOT GONNA BE DONE IN A YEAR OR TWO.
IT'S GONNA TAKE THREE, FIVE YEARS TO DO IT.
I'M JUST SAYING, I MEAN, LIKE, WE GET, WE GET EMAILS AND PHONE CALLS REGULARLY ABOUT WHY THIS PROJECT IS TAKING SO LONG, WHY WE HAVE NOT STARTED
I STILL GET CALLS
I'M JUST, I MEAN I, I LIVE THERE AND I KNOW THE DITCHES THAT Y'ALL ARE GETTING READY TO DO.
AND THOSE ARE PROBABLY, I WOULD SAY PROBABLY MM, PROBABLY THE WORST.
SO THEY HAVE THE BIGGEST EFFECT.
RIGHT? WHAT WAS THAT? THEY'RE, THEY'RE DOWNSTREAM.
SO THEY WOULD HAVE THE BIGGEST EFFECT.
TO WHAT THEY'RE DOING'S IN THE MIDDLE.
BUT THEY DID DO PART OF ONE WHICH TR HELPED TREMENDOUSLY OVER IN, IN THE VILLAGES.
I I I JUST THINK WE OUGHT TO JUST DO IT BECAUSE, WELL, BECAUSE OF MONEY, NUMBER ONE.
NUMBER ONE, IT'S JUST PEOPLE HAVE GOTTA UNDERSTAND THAT'S THE WAY IT IS.
UM, I, I PERSONALLY THINK IT SHOULD BE LAID OUT LIKE THIS THEN WE CAN AT LEAST GET THIS PROJECT, WHICH IS ONE OF THE LESS EXPENSIVE ONES.
I MEAN, IT DOESN'T MATTER TO ME.
I WAS JUST THINKING IF WE, IF WE DID ONE IN 20, UH, ONE IN 25, 1 IN 27 AND ONE IN 29, WE WERE MOVING MONEY OR 27, NOW IT'S GONNA BE FOUR, $4.851 MILLION LESS.
AND I MEAN THE BOTTOM LINE, THAT'S ALL I, THAT'S ALL I WAS 26, BUT YOU KNOW, THEN WE'RE JUST PUSHING IT TO 27.
BUT WITH INCREASED COSTS, ET CETERA.
AND WE HAVEN'T EVEN DESIGNED IT YET.
I WOULD RATHER WE DESIGN THIS, YOU KNOW, LET, LET'S
[01:35:01]
KNOCK THIS THING OUT BECAUSE AGAIN, MUCH LIKE THE OLD TOWN STREETS, WE'VE BEEN TALKING ABOUT THIS FOR A LONG TIME.I MEAN I, THAT'S JUST A SUGGESTION Y'ALL.
I, SO IF IT HELPS, UM, I KNOW MATT HAS IT AT 4,000,851, BUT, UM, WE CAN FUND 4,651,000 WITH EXISTING DEBT VERSUS BORROWING, IF THAT HELPS YOU IN YOUR DECISION.
CAN YOU REPEAT THAT AMOUNT? YOU SAID 4,000,651.
SO, BUT LIKE 200,000 DIFFERENCE.
AND THAT WOULD BE OUT OF THE TOTAL 11.6 MILLION OF THIS PROJECT.
'CAUSE WE'VE ALREADY DRAWN 3.6.
SO WE'RE ADDING POINT, WE'RE PROJECTING TO SPEND THE 3.637 MM-HMM
SO THEN 4,000,651 AND 26 WITH EXISTING DEBT.
AND THEN THE 3,000,441 WOULD HAVE AND 27 WOULD HAVE TO BE BORROWED OR SOME OTHER FUNDING SOURCE.
SO IT'S BASICALLY $200,000 IN DEBT.
THAT SHE COULD PUSH THE 200,000 TO 27.
WELL, WE'D STILL OWE 200,000 IS WHAT, REGARDLESS OF WHAT COLUMN YOU PUT IT IN.
BUT WE CAN PUT THAT DEBT OFF INTO 20.
SO THAT BASICALLY JUST ELIMINATES THAT ENTIRE LINE FROM OUR DEBT FIGURES.
SO WHAT'S THE OVERALL INCREASE THOUGH? THERE ISN'T, BECAUSE WE ALREADY HAVE THE MONEY FOR IT.
YOU'RE, YOU'RE DOWN TO $29 AND 81 CENTS, 27 FOR YOUR TOTAL COST INCREASE.
THAT'S ALL PROJECTS THAT WE'VE TALKED ABOUT SO FAR.
BUT I GET WHAT YOU'RE SAYING, THAT INCREASE DOESN'T HAPPEN UNTIL 27.
WHAT ARE WE DOING? WHAT ARE WE DOING ON THAT BUDGET? CHANGING IT TO 46 51 AND, UH, NO, CHANGING IT TO 200,000.
CHANGE FOR WHAT YEAR? NO, NO, 26 AND MOVING THE 200,000 INTO 27.
AND THIS ONE BECOMES FOUR SIX.
UH, NEXT DEBT LINE IS DO 2D O2.
IF YOU WERE TO LEAVE IT IN 26, UM, 0 0 7.
NEXT ONE IS, UH, NEXT ONE LOOKS LIKE D 16.
SO THAT WOULD BE DECIMAL 0 0 3 3 0 0 3 3.
SO THAT WOULD BE, UM, DECIMAL 0 0 7.
SO I THINK NOW WE'VE, WELL SHOULD WE MOVE ON TO THIS ONE SO WE CAN WELL, LET ME ASK THE QUESTION.
SO ALL OF THAT WORK YOU DID, WE ARE NOW DOWN TO $29 AND 81 CENTS INCREASE FOR NEXT YEAR.
THAT'S AN INCREASE IN TAXES PER MONTH.
I'M FIXING TO MOVE BECAUSE I'M FIXING TO DIE HERE IN A MINUTE.
[01:40:02]
NO, THAT'S $29 AND 81 CENTS EXTRA PER MONTH BASED ON THE HUNDRED DOLLARS PER, THAT'S PER HOUSEHOLD.'CAUSE THAT'S A HUGE, WHAT IS, THAT'S A 30% TAX INCREASE.
IT'S A, IT'S A 27.5% TAX INCREASE.
WHAT'S A MEDIAN HOUSEHOLD NUMBER? UM, 3 25 8 7 8 3 20.
I MEAN IT'S PRETTY MUCH THOSE BIG STREET PROJECTS THAT'S YEAH.
AS LONG AS WE HAVE THOSE PROJECTS, TAXES ARE GONNA HAVE BE TAX IMPACTED ONE WAY OR THE OTHER.
IT'S ALWAYS GONNA BE TOO MUCH.
YOU KNOW, WHAT WOULD, WHAT WOULD, WHAT WOULD THAT DO TO OUR TAX RATE? WHAT WOULD, WHAT DOES THAT PUT OUR TAX RATE AT IF WE DID THE 29 POINT? WHAT DO YOU SHOW BORROW? THREE ONE.
UH, SO RIGHT NOW, LET'S SEE, I'M SHOWING OH SIX $29 AND 81 CENTS.
SO WHAT DOES THAT COME OUT TO? SEVEN.
IS IT ABOUT 66 MILLION? 7.9 TOTAL DEBT? UH, I DON'T HAVE THE TOTAL DEBT ON HERE.
POINT ZERO SEVEN FIVE, LEMME JUST RUN THE NUMBER HERE.
WHAT IS THAT? WELL, I, I JUST DID THE 0.3 9 9 5 5 3 TIMES THE 27.5% THAT I CALCULATED HERE.
IT CHANGES IT TO 0.1 0 9 8 7 7 1, DEPENDING ON HOW MANY DECIMALS YOU WANT ME TO GO? YEAH, JUST, JUST ADDING UP THE NUMBERS YOU GAVE ME.
I CAME UP WITH, UH, UH, 0.147 CHANGE.
SO, SO DID Y'ALL, I DON'T THINK Y'ALL DID, DID THE BUDGET SESSIONS THAT THE CITY DID WITH THE CITIZENS AT THE ELEMENTARY SCHOOL AND THEY WENT THROUGH AND SHOWED THEM LIKE, THESE ARE ALL OF THE THINGS THAT WE HAVE MM-HMM
ON THE CIP, HOW WOULD YOU PRIORITIZE THEM? AND WE WENT THROUGH THAT WHOLE PROCESS AND THEN THEY SAID, HOW MUCH PER MONTH WOULD YOU BE WILLING TO SPEND MORE TO GET THESE THINGS? RIGHT.
'CAUSE IT'S BEEN SOME MONTHS SINCE THAT THING HAPPENED.
I DON'T THINK THAT TRAFFIC LIKE STREETS WERE INCLUDED ON ANY OF THOSE PAPERS THAT CAPE LISTED.
IT WAS MAINLY LIKE FACILITIES AND STUFF LIKE THAT.
PERSONNEL, PERSONNEL WAS ON THAT AS WELL.
SO PEOPLE WERE SAYING THEY WOULD BE WILLING TO SPEND ABOUT $25 MORE A MONTH IN TAXES.
AND SO WE'RE NOT EVEN INCLUDING, UM, LIKE THE JUSTICE CENTER WAS A BIG ONE THAT CITIZENS SAID THAT THEY WANTED AND WE'RE NOT, EVEN IF I'M RIGHT, I DON'T THINK THAT THAT'S INCLUDED IN THIS.
SO YEAH, JUST LAYING THAT OUT THERE.
SO, SO WHAT WAS THE, WHAT WAS THE, UH, UH, THE TAX RATE WORKING ON IT? OH, OKAY.
WELL, LET ME, LET ME CLARIFY A NUMBER.
I MAY HAVE WRITTEN IT DOWN WRONG.
THE, OH, I THINK IT 47, THAT DEBT WAS 0.03, NOT 0.003, CORRECT? NO, IT WAS 0.003.
WHAT WAS THE AMOUNT? I'LL HAVE TO
[01:45:01]
GO BACK.8 47 EVEN BASICALLY, UH, NO, 28 4 7 7, 7 6 AND 43 CENTS.
UM, SO THAT IS, I GOT 0.027 AND I THINK YOU CALLED IT ZERO THREE.
SHE DID, I PROBABLY ROUNDED IT UP TO 0.03.
ALBERTA DOESN'T LIKE IT WHEN I INCLUDE, I RAN.
WE DON'T, HE GOES OUT TO THE PENNY.
SO WITH 0.27, I, I GET A DIFFERENCE OF 0.1383 CLOSE TO WHAT I'M CALCULATING.
I'M CALCULATING A 0.12 INCREASE.
SO, BUT ON THAT, ON THE ONE THAT WE'RE TALKING ABOUT, THAT 20 MILLION THAT ENDED UP GOING SEVEN.
OH NO, THAT ONE CAME TO 26, NEVERMIND.
SO THAT 12 CENTS, IT'S 50, BASICALLY 52 CENTS.
YOU'D GO FROM ABOUT 40 CENTS TO ABOUT 52 CENTS.
DO WE KNOW OUR, THE, THE, THE, THE STATE CALCULATED NNR FOR THIS YEAR FOR HURO? I'M SORRY, SAY AGAIN? DO WE KNOW THE STATE CALCULATED NNR RATE FOR HURO THIS YEAR? NOT YET.
WHEN DOES THAT NUMBER COME OUT? UM, WELL, THEY, THEY SHOULD BE FINISHING PROTESTS HERE WITHIN THE NEXT COUPLE WEEKS.
UM, JULY 25TH IS WHEN THEY'RE REQUIRED TO GIMME THE CERTIFIED VALUE.
SO SOMEWHERE CLOSE TO THAT DATE, I SHOULD KNOW.
WELL, DO WE WANT TO PUSH ANY OF THIS BECAUSE WE ALL, WE ALL KNOW THAT A 33% TAX INCREASE IS NOT GOING TO FLY.
SO DO WE SUBMIT AS IS AND LET COUNCIL FIGURE IT OUT? YES.
OR DO WE OR DO WE SAY, WELL WE THINK THIS PROJECT COULD GET PULLED.
I THINK WE'VE MOVED THINGS AS MUCH AS WE NEED TO MOVE THEM.
AND WE'LL, AND AT THIS POINT IN TIME, WE NEED OUR ELECTED OFFICIALS TO MAKE DECISION TO MAKE THESE DECISIONS AND LET THEM GO FROM THERE.
NO, WE WERE DONE WITH 26 3 MINUTES.
SO WE'RE GONNA STAY ON, UH, ON THIS PACK.
WE'RE, SO WE'RE GONNA GO TO 27.
WE'VE GOT DEBT, DEBT, DEBT, DEBT, LOTS OF DEBT, DEBT, DEBT, DEBT.
TOP ONE WE'VE ALREADY PULLED 625.
THAT'S NO, YOUR FACILITIES IS NOT EXISTING? NO, THAT'S ALL NEW DEBT.
CAN YOU GIVE US THE SENSE ALBERTA FOR THESE FACILITY LINE ITEMS? SO I, I'LL GO EXACT 14 PLEASE.
IS THAT SPLIT UP DESIGN CONSTRUCTION? YES.
SO THAT NEEDS TO BE TOTALED THEN.
AND JUST, JUST REMEMBER THAT WE WERE ORIGINALLY THINKING THAT SOME OF THESE WOULD BE GO NOT CO.
BUT GEO MAY NOT BE POSSIBLE ANYMORE.
SO WE WERE ALREADY THINKING THESE WERE GONNA GO GEO, BUT WE MAY BE REQUIRED TO DO THEM GEO BY THE TIME WE GET TO THESE PROJECTS.
AND THAT'S PROBABLY ALMOST LIKE A HUNDRED HUNDRED PRI THEY'RE ALREADY FOCUSED ON, IS NOT ALLOWING YOU TO DO, UM, BUILDINGS WITH COS MM-HMM
I MEAN, THEY'RE ALREADY PUTTING RESTRICTIONS ON THOSE.
SO THAT LOOKS LIKE NINETEEN THREE NINETY NINE.
[01:50:05]
LET'S JUST CALL IT 19 FOUR.PLUS THE COMMISSIONER STEWART'S POINT.
IF WE ACTUALLY PUT THIS ALL OUT FOR CITIZEN VOTE, MY ASSUMPTION IS, IS THAT SOME OF THESE WOULD NOT WIN THE DAY MM-HMM
BECAUSE CITIZENS ARE GONNA SAY, I WANT THIS MORE THAN I WANT THAT.
AND, AND THAT'S, I THINK WE SHOULD LIVE IT UP TO THE CITIZENS TO VOTE FOR WHICH ONE THAT THEY WANT.
THEY WILL BE USING THOSE FACILITIES TO BEGIN WITH.
IF THEY DON'T VOTE FOR IT, THEY'RE NOT GONNA USE IT.
QUESTION, QUESTION AS FAR AS THE BOND ELECTIONS GO, CAN WE, ARE WE LEGALLY ALLOWED TO PUT THE SAME BOND ON IF IT FAILS ONE YEAR, CAN WE PUT IT ON THE NEXT YEAR? NO.
I BELIEVE IT'S A MINIMUM OF THREE YEARS.
SO IF THEY TOLD YOU NO JUSTICE CENTER OR NO PUBLIC WORKS FACILITY, YOU COULDN'T ADDRESS IT AGAIN FOR AT LEAST THREE YEARS.
AND THAT MEANS THAT YOU COULDN'T THEN COME BEHIND AND DO A CO FOR IT EITHER, ASSUMING THAT YOU STILL LEGALLY COULD DO THAT.
THAT PROJECT IS BASICALLY SHUT DOWN FOR THREE YEARS.
O WELL, AND BY THAT TIME YOU'LL HAVE A WHOLE OTHER SET OF NEW RESIDENTS TO VOTE ON IT.
AND WE'LL BE 26 YEARS BEHIND ON OUR INFRASTRUCTURE.
UH, 19 FOUR IS HOW MUCH? UM, 0.02493.
UH, THE NEXT ONE, FO TWO LOOKS TO BE, DID MATT UPDATE? MATT DID NOT UPDATE THOSE NUMBERS.
I HAVE 52 8 91, BUT WE'LL JUST SAY 53.
UM, AND THAT COMES TO 0.06810.
F ZERO FOUR LOOKS TO BE 10.3 TOTAL.
WELL, 10.4, BUT IT'S 127 AND 29 1 50 ALREADY.
I DIDN'T, I DIDN'T REALIZE THAT.
TEN THREE, IS THAT WHAT HE SAID? OKAY.
WANNA MAKE SURE I'M, SO THAT'S 0.01323.
CAN YOU REPEAT THAT? I'M SORRY.
FO FIVE FIVE LOOKS TO BE, UH, 49 8 0 4 49.
OH, THERE IS NO 49,800,000 IS 0.06399.
F ZERO SIX LOOKS TO BE 16 EVEN.
SKIP F OH EIGHT IS, UH, 10 MILLION EVEN.
SO I WENT AHEAD ON MY SPREADSHEET AND SQUEEZED ALL THOSE NUMBERS INTO FY 27.
THAT NOW THAT'S ABOUT A $42 A MONTH INCREASE ON YOUR TAXES TO PAY FOR ALL THOSE FACILITIES.
I QUIT COMBINING ALL THOSE NUMBERS AND PUTTING THEM ALL INTO 27.
SO SHOULD WE TALK ABOUT MOVING THESE THINGS OR DO WE NOT WANT TO AND WE JUST WANNA LEAVE THEM AND LET COUNCIL FIGURE THAT PART OUT? I, I THINK THAT THESE SHOULD BE GOING TO THE VOTER ON A BOND ELECTION.
AND WHICHEVER ONE'S PASSED, THEN COUNCIL IMPLEMENTS, WHICHEVER ONES DON'T,
[01:55:01]
COUNCIL PUSHES THREE YEARS.SO LEAVE IT IS WHAT I'M HEARING YOU SAY.
YOU KNOW, 'CAUSE IF, IF THE PUBLIC SAYS WE REALLY WANT PARK HEADQUARTERS THIS YEAR, THEN DO IT.
P 11 LOOKS LIKE THAT IS 5,000,055 MILLION.
SO YOU WANNA, UM, SINCE THERE'S THAT BIG OF A GAP, DO YOU REALLY WANNA YEP.
SO ON THIS ONE, SORRY, I ASKED
I WOULD, I WOULD RECOMMEND THAT YOU NOT DO ALL OF IT UPFRONT.
BECAUSE YOU'RE GONNA HAVE TO HAVE DESIGN, THEN LAND ACQUISITION AND ALL OF THAT KIND OF STUFF GOING.
SO THERE'S GONNA BE A GAP BETWEEN THE TIME THAT YOU START DESIGN AND PURCHASING A LAND BEF UNTIL YOU GET TO CONSTRUCTION.
AND I DON'T, BUT GETTING THAT AMOUNT WOULD GIVE US AN IDEA THOUGH, OF WHAT THE POTENTIAL INCREASE YEAH.
KNOWING THAT IT WOULD PROBABLY BE A LOT MORE.
BUT WE DON'T, BUT IT'S, THERE'S A DISSIDENT, YOU KNOW, YOU HAVE TO REALIZE THAT THERE'S A DISADVANTAGE OF BORROWING TOO EARLY.
BECAUSE IF WE DO NOT, IF WE BORROW THE MONEY AND WE DO NOT SPEND IT, WE'RE REQUIRED TO SPEND 90, I BELIEVE IT IS 95% OF WHAT WE BORROW WITHIN THE FIRST THREE YEARS, AND YOU'RE TALKING ABOUT 50 MILLION THAT YOU'RE NOT GIVEN A LOOK AT TILL YEAR TWO IRS WILL PENALIZE US BECAUSE WE'RE SITTING ON THE MONEY AND NOT SPENDING IT.
I THINK THE POINT THAT I'M TRYING TO GET TO IS COUNSEL MAY NOT EVEN WANT THIS TO BE LISTED BECAUSE IF LOOKING AT LIKE THE JUSTICE CENTER COSTS LESS MONEY THAN THIS DOES.
AND THE JUSTICE CENTER WAS A 0.68 INCREASE.
WE'RE GONNA TELL OUR CITIZENS, YOU'RE GONNA GET A 0.7.
INCREASE FOR AN ATHLETIC FIELD.
WHAT THEY MAY OR MAY NOT BE WILLING TO SWALLOW.
LIKE COUNSEL, I'M NOT TALKING CITIZENS, I'M JUST TALKING COUNSEL MM-HMM
SO I JUST WANT THEM TO HAVE THIS LEVEL OF DETAIL SO THAT THEY KNOW WHAT DECISIONS THEY'RE MAKING AND THEY MAY BE TOTALLY FINE WITH IT.
'CAUSE THERE'S A LOT OF PEOPLE THAT WOULD UTILIZE THESE THINGS.
SO I'M NOT TRYING TO SAY ONE WAY OR ANOTHER, I'M JUST THINKING IT'S MORE INFORMATION.
THE OTHER THING TO CONSIDER IS THAT THURSDAY NIGHT, THE UPDATE TO THE JUSTICE CENTER WAS PRESENTED TO CITY COUNCIL.
SO THERE'S $53 MILLION THAT YOU SEE IN THERE.
THAT IS THE CHEAPEST OF ALL THE OPTIONS.
THAT IS NOT EVEN GIVING THEM EVERYTHING THAT THEY WANTED IN THE JUSTICE CENTER.
MY MEMORY IS IT'S MINIMUM OF 75 FEASIBLE AND PROBABLY UP TO 150.
BUT THEY, SO DEPENDING, SO THE, THEY WERE DIRECTED TO GO BACK AND DO SOME MORE ANALYSIS AND BRING THAT BACK TO COUNCIL, THE NUMBER IS MOST LIKELY GOING TO GO UP.
SO JUST, JUST MAKING SURE YOU GUYS ARE TRACKING ALL THE YEP.
SO I'M, I'M LOOKING AT THIS IN 2027 FY 2027, FY 20, 29.
TO ME THAT'S TWO YEARS OR TWO YEARS IN ONE DAY
SO I DON'T THINK WE'RE RUNNING INTO, UH, THE 95% RULE PROBLEM, BUT I LIKE THE IDEA OF JUST DROPPING THE FULL AMOUNT ON COUNCIL AND GOING, THIS IS WHAT WE'RE TALKING ABOUT WHEN WE TALK ABOUT ATHLETIC FIELDS.
THIS ISN'T SOMETHING WE CAN PIECEMEAL A HUNDRED THOUSAND DOLLARS AT A TIME TO.
BUT YOU'VE GOT OUR ENGINEER STATING THAT HE THINKS IT WOULD BE BETTER TO DO IT THE OTHER WAY.
AND HE HAS MORE EXPERIENCE WITH ALL OF THIS THAN WE DO.
SO I'M THINKING WE NEED TO GO THAT DIRECTION.
UM, MATT, IS IT FEASIBLE OR CONCEIVABLE TO SPLIT IT IN HALF? IS, YOU KNOW, WE'RE SAYING THIS, MAKE SURE THE COUNCIL KNOWS WHAT THEY'RE UP AGAINST, BUT NOT RIGHT NOW.
AND THEN THE OTHER HALF PUSHED OUT.
UH, I MEAN YOU CAN, YOU CAN BREAK IT UP HOWEVER YOU WANT.
THE WAY I ENVISIONED IT IS YOU WOULD GET YOUR DESIGN GOING, THEN YOU WOULD START ALL YOUR LAND ACQUISITION ONCE YOU KNEW ALL THE DETAILS, AND THEN YOU WOULD GO FULL BORE INTO CONSTRUCTION, WHICH IS BY FAR THE MOST EXPENSIVE PART.
BUT I MEAN, YOU COULD BREAK IT UP HOWEVER YOU WANT.
YOU COULD SAY INSTEAD OF A, A 10 90 SPLIT, LIKE I'VE GOT HERE, YOU COULD SAY WE WANNA DO A 50 50 OR A 2080 OR HOWEVER YOU WANT.
TO ME, WHAT I WAS JUST TRYING TO THINK OF IS IF I'M GOING TO GO THROUGH THE DESIGN, I
[02:00:01]
DON'T EVEN KNOW ALL THE SCOPING, I DON'T EVEN KNOW ALL THE THINGS.WE'VE GOT A FEASIBILITY STUDY.
WE KNOW APPROXIMATELY HOW MANY ACRES WE WOULD WANT, BUT WE HAVE TO FIGURE OUT HOW IT ALL LAYS OUT.
WE HAVE TO DO A CONCEPT PLAN LIKE WE DO WITH FRITZ PARK.
WE MADE IT FIT THE ACREAGE WE HAVE, IN THIS CASE, WE WOULDN'T MAKE IT FIT THE ACREAGE WE HAVE 'CAUSE WE DON'T HAVE ANY, WE WOULD MAKE IT WHAT WE WANT AND THEN WE'D FIGURE OUT, OKAY, THIS ACREAGE IS CLOSE, SO LET'S GO BUY THAT.
AND THEN WE'LL ADJUST THE PLAN TO FIT ON WHAT WE BUY AND THEN WE GO INTO CONSTRUCTION.
THAT'S KIND OF HOW I FIGURED THIS WOULD PLAY OUT.
SO YOU SAID IT, IT HAS TO BE SPENT IN THREE YEARS OR IT HAS TO BE TOTALLY SPENT OR CAN YOU 95 5% PERCENT'S SPENT.
I SAY WE LEAVE IT AS IT'S LAID ON ALREADY.
AND IF YOU, AND I AGREE WITH WHAT MATT'S SAYING, IF YOU BORROW THAT CONSTRUCTION UP FRONT AND YOU GET STARTED AND THEN YOU, YOU RUN OUTTA MONEY, THEN YOU'RE, I MEAN I, I I AGREE.
I THINK WE OUGHT TO DO THE DESIGN ENGINEERING PART, THE PURCHASE OF THE LAND, AND THEN DO THE CONSTRUCTION PART IN A SEPARATE ISSUE.
LET'S FOLLOW ENGINEER I CONSTRUCTION.
I THINK WE SHOULD GO WITH JUST WHAT IS, WHAT IT STATES HERE.
SO DOES THAT COVER RIGHT OF WAY OR YOUR EXPECTED RIGHT OF WAY DESIGN? THAT'S THE BEST BALLPARK THAT I CAN GIVE YOU RIGHT NOW.
SO THAT THE 49 AND A HALF DOESN'T DROP OFF SOMEWHERE.
COULD WE PUT THAT, CAN WE MAKE, UH, THIS IS P 11.
UM, I DON'T KNOW AS A PLACE MARKER.
'CAUSE I DON'T WANT THAT 49 AND A HALF DROPPING OFF THE CIP.
IT'LL, IT'S NOT, IT'S ON YOUR FIVE YEAR CIP RIGHT NOW.
IF WE LEAVE IT THERE, IT'S OKAY, BUT WE'RE ON.
I GUESS I'M, I GUESS I'M, SO YOUR CIP THAT YOU'RE PUTTING TOGETHER, I KNOW YOU GUYS ARE FOCUSING ON JUST TRYING TO GIVE RECOMMENDATIONS ON 26 AND 27, I THINK IS WHAT YOU SAID.
BUT YOUR CIP THAT YOU'RE RECOMMENDING TO CITY COUNCIL IS 26 THROUGH 30.
I, I WAS JUST THINKING THAT AS IS THOSE TWO NUMBERS ARE LINKED MM-HMM
AND IF WE'RE GOING TO SEPARATE THEM OUT INTO TWO SEPARATE NUMBERS, TWO SEPARATE SEPARATE BONDS, THEN I THINK THEY SHOULD BE TWO SEPARATE PROJECT LINES.
I DON'T THINK THAT'S NECESSARY.
SO THE 5.5 MILLION WOULD BE AT 0.007.
UH, NEXT ONE LOOKS TO BE P 13, WHICH IS 10.5 MILLION.
WE GONNA DRAW THAT ALL OUT AT ONE TIME.
I KIND OF THINK WE HAVE TO, WE'VE GOT GOT YEAR AFTER YEAR AFTER YEAR ON THAT ONE.
I MEAN, YOU DO HAVE THE OP, YOU DO HAVE THE OPTION.
'CAUSE YOU REMEMBER THIS IS ONE OF THE PROJECTS THAT YOU GUYS VOTED WHEN YOU MET WITH PARKS TO SAY, JUST BREAK IT INTO THREE EQUAL CHUNKS, RIGHT? MM-HMM
SO INSTEAD OF DOING IT AS THREE EQUAL CHUNKS ON ONE PROJECT, YOU COULD SUCCUMB BACK AND SAY, WE DON'T WANNA DO THAT ANYMORE.
WE WANT IT TO BREAK IT INTO THREE SEPARATE PROJECTS.
AND THAT ALLOWS YOU TO BORROW THE MONEY INDIVIDUALLY VERSUS DOING IT ALL IN ONE CHUNK LIKE THAT.
AND YOU DON'T GET PENALIZED LIKE THAT.
I GET MUCH BETTER THE 13, EIGHT DAYS.
I I DO AND I DON'T BECAUSE IT'S, IT MAKES IT EASIER TO KICK THE CAN DOWN THE ROAD AFTER PHASE ONE IS COMPLETE AND NOW THE BATHROOMS NEVER GET DONE OR THE SHADE STRUCTURE NEVER GETS DONE OR WHATEVER.
IF IT'S ONE PROJECT, IT'S UNCOMFORTABLE, BUT WE KNOW THAT THE PROJECT IS FUNDED.
IT'S NOT GETTING KICKED DOWN THE ROAD.
BUT I THINK YOU STAND A BETTER CHANCE OF COUNCIL DOING IT, DOING IT LIKE THE THREE, UH, INSTEAD OF ONE BECAUSE THE BOTTOM LINE, WHAT IT LOOKS LIKE, THE BOTTOM LINE AND THE EFFECT IT HAS ON THE TAX, RIGHT.
EACH YEAR, I, I, I AND P 19 IS A SEPARATE LINE ITEM FOR THE RESTROOMS THERE.
SO I DON'T THINK THAT THAT'S INCLUDED IN P 13.
I THINK THOSE ARE DIFFERENT RESTROOMS. ACTUALLY IT'S ADAM ORAIN
[02:05:01]
I KNOW, BUT THERE'S THE ADAM ORAIN RESTROOMS OVER BY THE STAGE AMPHITHEATER.AND THEN THERE'S THE IMPROVEMENTS THAT WE WERE TALKING ABOUT ON THIS, THIS ONE, WHICH ARE RESTROOMS LOCATED IN THAT PLAY AREA.
SO THE RESTROOM THAT YOU SEE ON P 19, THAT IS ALREADY IN DESIGN, THAT IS ANTICIPATED TO BE IN CONSTRUCTION IN THE NEXT COUPLE OF MONTHS.
ONCE WE GET IT FINISHED BIDDING OUT, UM, THE RESTROOMS THAT ARE PART OF THE P 13 ARE IN A DIFFERENT LOCATION IN THE PARK.
THEY ARE NOT INSIDE THE AMPHITHEATER, BUT THEY ARE IN A DIFFERENT LOCATION OF THE PARK LOCATED CLOSER TO THE MASTER PLAN WHERE THEY WERE GONNA PUT ALL THE WORKOUT EQUIPMENT AND ALL THAT KIND OF STUFF.
SO YOU WOULD HAVE ESSENTIALLY THREE RESTROOMS NOW IN ORGA, IN ORGA PARK, ONE INSIDE THE AMPHITHEATER, ONE RIGHT OUTSIDE THE AMPHITHEATER AND ONE ASSOCIATED WITH THE NEW PARK IMPROVEMENTS.
SO HOW DO Y'ALL FEEL ABOUT BREAKING IT DOWN? AND THAT'S LIKE THAT I THINK IT'S A GOOD IDEA.
I I THINK IT MAKES IT MORE APPETIZING, BUT I THINK IT ALSO OPENS IT UP FOR A ONE-THIRD COMPLETED PROJECT.
WELL, I, I, I CAN SEE THAT POINT TOO, BUT I, I REALLY THINK THAT THOSE PEOPLE THAT ARE VERY PARK, YOU KNOW, THEY REALLY WANT PARKS.
I DON'T THINK THEY'LL LET THE CITY COUNCIL DO THAT.
AND IT'S ALSO WHAT WE'RE DOING WITH OKAY, LIKE FIXING OF THE ROADS IN DOWNTOWN, LIKE STARTING WITH LIVE OAK AND THEN GOING TO PHASE TWO AND PHASE THREE, WHATEVER.
IT'S THE SAME, TO ME, THIS IS BEING CONSISTENT WITH THAT SAME PROCESS OF HAVING OKAY.
SO, AND, AND I ALSO THINK THAT YOU'LL SEE IS THERE'S, I THINK THERE'S SOMETHING ON JULY 4TH, I THINK THAT, THAT, THAT LOCATION IS GONNA BE UTILIZED MORE EFFECTIVELY BY THE CITY.
SO IN OTHER WORDS, THERE'LL BE MORE PEOPLE THAT'LL BE INVOLVED IN ENTERTAINMENT THINGS.
THERE'S, UH, MORE, MORE, MORE, MORE POPULATION WILL BE AT ORAIN PARK.
THAT HAS BEEN IN THE PAST, THE PREVIOUS AGREEMENT WITH ENTERTAINMENT.
YOU KNOW, THEY BASICALLY HAD A BREACH OF CONTRACT AND WE GOT RID OF THEM.
WE'RE ALMOST 10 MINUTES ONTO THIS ONE LINE
WANT TO STOP TALKING? I WANT EVERYBODY TO STOP TALKING.
OH, JUST WHEN I TALK
I DON'T SEE GOOD THINGS, BUT, OKAY.
POINT ZERO ZERO FOUR FIVE TWO OH, WHICH LINE? I KNOW.
WHAT WAS THAT AGAIN? POINT ZERO 0 5 4 4 5 2 4 5 2.
THAT'S FOR THE WHOLE 10.5? NO, THAT'S JUST THE 3.5.
UH, THAT LOOKS LIKE, UH, WE ALREADY GOT THAT, DIDN'T WE? THAT'S A, THAT'S, THAT WAS YEAR 1.006.
POINT, IT'LL BE ZERO, ZERO POINT 0.006, WASN'T IT? RIGHT? YEP.
IT WOULD BE THE SAME ACROSS ALL THE YEARS.
'CAUSE WE DID ALL THREE OF THOSE ADDED TOGETHER, RIGHT? YEP.
THAT WAS ONE OF THE FIRST THINGS WE DID.
SO THOSE AREN'T GOING TO BE NEW DEBT.
THEY'RE GOING TO BE DEBT ADDED HERE.
UH, THAT LOOKS LIKE, THAT'S IT.
21 FOR PARKS, THEN WE GO TOT 21 T 20 ONET 21 CLIENT EXPANSION.
AND THEN WE GOT THE ONE RIGHT BELOW IT.
THAT'S THE NUMBER IS T 22
AND THEN IT'S THE 2.25 IS NOT TWO FIVE.
WE'RE PUTTING, PUTTING OFF THE 4.9 MILLION TWO, 2.25 MILLION TO 30.
SEVEN AND NOT DO ANYTHING UNTIL 30.
[02:10:01]
OH WOW.WE'RE TWO 5 MILLION ON T 21 IS NOW ALMOST 5 MILLION.
YEAH, IT'S 4 9 4 9 3 3 9, 9 0.
OKAY, LET ME CHANGE THAT NUMBER.
I'M TRYING TO GIVE YOU GUYS THE LATEST AND GREATEST NUMBERS.
THAT NUMBER YOU'RE DRIVING MEAN NUTS.
JUST REPLACE THE 4 9, 9 YELLOW RIGHT HERE.
OH, I'M LOOKING AT THE WRONG ONE.
I'M SORRY, ALL Y'ALL OKAY, BUT I WAS LOOKING AT THE WRONG ONE TOO.
SO THAT BECOMES WHAT? UM, THAT NOW BECOMES 0.00634.
THEN T 20, T 22 IS THE INNOVATION EXPANSION.
AND WE'LL DO THAT FROM EXISTING DEBT OR, UM, TRANSPORTATION IMPROVEMENT FUNDS.
SO WE CAN CROSS OFF THE DEBT ON THAT ONE.
BUT THEN THE REST, THE REMAINDER OF THAT IS 2030.
UH, I'M STILL, UH, EIGHT, 8.275 MM-HMM
SO WHAT'S OUR NUMBER ON THAT ONE? SO I HAVE SOMEBODY ROUNDING WITH ME, SO I'M, I'M HAPPY.
SO THAT'S 0.0 1 0 6, 6 0 1, 0 6 6.
HEY, IT'S, IT'S BETTER TO BE A LITTLE HIGH.
IT'S ALWAYS BETTER TO BE A LITTLE HIGH ENGINEERING CUSHION.
YOU DON'T HAVE TO HAVE WE TO DO IT.
I JUST, FOR THE RECORD, IF YOU GUYS GO HIGH, I JUST WANT IT ON THE RECORD THAT THE ENGINEER DIDN'T SAY THAT, THAT IT WAS EVERYBODY ELSE.
SO THAT WAY WHEN, OH, WE'RE NOT, THE NUMBER COMES IN.
THEY CAN'T SAY I'M PATTING THE NUMBER.
WE'RE TALKING ABOUT WE ARE HIGH.
AND HE'S SPEAKING FOR HIMSELF.
AND Y'ALL GETTING 20, I BEY THAT PIZZA NEXT T 32, UM, MILLION.
SO THE, WE ALREADY DID THAT IN 26 WITH 0.02.
THAT WAS FOR THE, THAT WAS AROUND TOGETHER.
SO WHAT WAS IT? ZERO POINT, TWO POINT.
BUT THAT WAS TWO THAT WE ALREADY RECORDED THAT IN.
BUT THAT WAS USING THE TOTAL NUMBER.
SO, SO WE CAN CROSS OFF THAT LITTLE DEBT ON THE NINE 'CAUSE THAT'S CORRECT.
PREVIOUSLY FUNDED AND THEN WE DID THE SAME THING ON, DIDN'T WE? T 40? UH, NOPE.
AND THEN T 48 IS THE 25 MILLION THAT GOT MOVED.
DID YOU CHANGE THAT NUMBER TOO? THAT NUMBER? I THOUGHT IT WAS 23.
YOU CHANGED IT, DIDN'T YOU? NO, IT WAS 25.
THE YEAR ALWAYS STARTED TO TAKE MONEY AWAY FROM ME.
WELL, TONIGHT HE SAID 25 TONIGHT HE, HE RAISED IT 2 MILLION
I SEE YOU'RE 23 AND RAISED YOU TWO AND RAISE YOU.
AND THEN NEXT ONE LOOKS TO BE T 73 2 MILLION.
YOU YOU'D LET OFF EARLIER SAYING THAT IT WAS A PER MILLION GENERAL WAS 0.001.
[02:15:01]
THAT MM-HMM'CAUSE I ASSUME THAT'S DESIGN AND CONSTRUCTION SPLIT.
POINT ZERO ZERO SEVEN FIVE EIGHT.
OKAY, THEN WE'RE DOWN TO DD ZERO ONE, RIGHT? WHAT? YEAH.
AND THAT ONE WE NEED TO FUND WITH DEBT.
D ZERO THREE IS 8.1 3, 3 1, 3 4.
POINT ZERO ONE ZERO FOUR FIVE.
POINT ZERO ONE ZERO FOUR FIVE.
SO WHEN YOU AND I DON'T HAVE EXACTLY THE NUMBERS 'CAUSE I DIDN'T ROUND EVERYTHING THE WAY YOU GUYS WERE DOING.
I KNOW I WENT EXACT THIS TIME.
THAT COMES TO A 24.9% INCREASE IN 27.
SAY THAT AGAIN? 24.9% INCREASE BASED ON MY NUMBERS, WHICH ARE THE NON ROUNDED NUMBERS.
BUT I HOPE, I HOPE COUNCIL REALIZES THAT WE'RE DOING THIS BASED ON NOT COUNTING SKYBOX.
THEY'LL, I MEAN, YEAH, THEY'LL SEE THE NUMBER.
I'M NOT CHANGING THE SPREADSHEET WHEN I GIVE IT TO 'EM.
SO YOU'VE GOT A 27.5% INCREASE IN 26, AND THEN A 24.9% INCREASE IN 27.
SO WHAT DID WE SAY IT DID TO THE TAX RATE FOR 26? 26? IT WENT FROM ABOUT 40 CENTS TO ABOUT 52 CENTS.
IT SAID 12 CENT INCREASE BASICALLY.
I'M SORRY, IT WENT FROM ABOUT 40 TO 52.
12 CENTS AND THEN OH, 127 IT WENT TO, TO WHAT? WE'RE NOT THERE YET.
UH, IT WOULD BE, OH, WE'RE NOT THERE YET.
I WAS GONNA SAY, Y'ALL HAVE TO TELL ME WHAT ALL THOSE NUMBERS TOTAL
UH, I COME UP WITH 0.3, 3, 3, 2 0.3, 3, 3, 2.
OH, BECAUSE THEY'RE INCLUDING FACILITIES.
SO THAT'S, UM, I DID NOT INCLUDE FACILITIES.
I ROUNDED THAT TO 33 CENTS AT
SO THAT'S 73 CENTS IS WHAT YOUR TAX RATE IS NOW VERSUS 40.
IF IT WASN'T THAT
THAT'S ASSUMING YOU DIDN'T INCREASE IT THE 12 CENTS BEFORE.
[02:20:01]
THAT WAS THE CASE, YOU WOULD BE AT HOLD THAT THOUGHT.THINK IT WOULD BE THE SAME AS TAYLOR.
AND WE DON'T DO FISH, BUT THAT'S NO SKY BOX.
BUT SKYBOX ISN'T LIKE THE GOLDEN TICKET.
NO, BUT IT'S, IT CAN, IT, YOU'RE RIGHT.
IT, I'M, I'M A MINUS OUT FACILITIES HERE REAL QUICK AND SEE WHAT WE COME UP WITH.
85 CENTS YOU ARE GONNA MINUS OUT WHAT FACILITIES? OH, I NEED FACILITIES MORE THAN WE NEED SOME OF THE OTHER THINGS.
JUST WE HAVE A, AS MUCH A PLETHORA OF INFORMATION.
YOU CAN SEE, LIKE IF YOU JUST ASSUME EVERYTHING.
SO WITHOUT FACILITIES IN THERE, IT'S 0.1 2, 9 5.
SO FACILITIES BASICALLY IS ADDING 0.2, ROUGHLY THAT, RIGHT? 'CAUSE YOUR FACILITIES COMES OUT TO ABOUT $42 A MONTH INCREASE WHILE EVERYTHING ELSE IS ABOUT A $26 A MONTH INCREASE.
WELL, IT'S GONNA BE ONE OF THESE SAYINGS.
WHAT DO YOU WANT? WHAT DO THE PEOPLE WANT? THAT'S EXACTLY RIGHT.
YOU KNOW, HOW DON'T YOU KNOW, YOU STILL HAVE YOUR SUNGLASSES ON.
NO, I DIDN'T REALIZE THAT THERE WAS
I THOUGHT IT WAS A PRESCRIPTION.
I WAS LIKE THE, I DIDN'T REALIZE THAT.
I THOUGHT HE HAD LIKE A MIGRAINE OR SOMETHING.
THANK YOU FOR TELLING ME THAT.
FOUR, THREE HOURS, TWO HOURS OF MEETING TWO.
YEAH, JUST TWO AND A HALF HOURS.
AT LEAST SHE TOLD YOU THE REST OF US DIDN'T SAY ANYTHING, YOU KNOW, SO THAT'S TRUE.
ARE WE LOOKING AT, AT WATER WASTEWATER? BECAUSE THIS IS THE ONE THAT SCARES ME PERSONALLY.
BECAUSE THERE ARE SOME PEOPLE WHO THINK ADDING A FEE THAT YOU CANNOT USE ANY SORT OF EXEMPTION ON.
YOU KNOW, LIKE DISABLED VETERANS, OLD AGE, OLD AGE HOMESTEAD.
SO IF A WATER PROJECT IS FUNDED THROUGH FEES, AN INCREASE IN FEES MM-HMM
IF YOU ARE ON FIXED INCOME, TOO BAD.
IF IT'S ATTACHED TO TAXES, PROPERTY TAXES, THEN OLD AGE, DISABLED VETERANS, HOMESTEAD, ET CETERA, HAVE A CHANCE TO DECREASE THAT HIT.
THE PEOPLE WHO ARE MOST SUSCEPTIBLE TO FINANCIAL BURDENS FROM FEES OR INVESTORS FROM FEES, UH, THAT'S MITIGATED SOMEWHAT IF IT'S TAXES VERSUS FEES.
SO, SO INVESTORS WILL BE PAYING, BUT US WHO OWN OUR HOMES ARE OLD OR ARE DISABLED, WON'T BE PAYING AS MUCH.
AND I MEAN, THAT, THAT'S THINKING THAT I HAD A COUPLE YEARS BACK AND A LOT OF PEOPLE JUST DIDN'T GET IT.
THEY WERE LIKE, NO, FEES ARE THE WAY TO GO.
I SEE FIRST ONE WW OH ONE
SO WHAT ARE WE LOOKING AT ON THAT ONE? YOU'RE GONNA HAVE TO EXPLAIN YOUR COLORS AGAIN, MATT, ON THESE SPREADSHEETS.
LIKE WHAT DOES PURPLE MEAN? I DON'T REMEMBER.
[02:25:01]
PURPLE MEANS IT IS IN CONSTRUCTION.SO DO WE NEED IT, HAS IT ALREADY BEEN FUNDED? UH, 20 MILLION GLENWOOD, I THINK, I THINK WE HAD PROJECT NUMBER WW ZERO ONE.
UH, WI THINK WE, BECAUSE MY, MY, MY UPDATED VERSION IS SHOWING THAT IT'S NOT DEBT ANYMORE.
WE RERAN THE NUMBERS AND WE CAME IN WAY UNDER BUDGET.
REMOVE THE DEBT FROM THAT ONE.
I'M SORRY, WHAT WAS THE QUESTION? REMOVE THE DEBT FROM THAT ONE.
YOU CAN REMOVE THE DEBT FROM THAT ONE.
UH, HOW ABOUT WW 10 SOUTHEAST LOOP WASTEWATER? YOU CANNOT REMOVE THE DEBT FROM THAT ONE.
SO IF IT HELPS, UM, THE 72 MILLION THAT WE HAVE, THAT YOU HAVE SCHEDULED FOR, OR THAT, I'M NOT SURE, LET ME REPHRASE.
THE 72 MILLION THAT WE WOULD BORROW FOR THE WATER AND WASTEWATER PROJECTS IN 26 WOULD NOT INCREASE OUR, OUR RATE.
NOW I CAN'T SAY PRELIMINARILY, WHEN WE LOOKED AT THIS LAST YEAR, WE WERE GOING TO, UM, MOST LIKELY DO A RATE INCREASE IN 28, BUT THAT COULD CHANGE BASED ON WHAT WE NEED TO BORROW AFTER 26.
SO THIS, SO YOU'RE SAYING THE 72 MILLION OF THE A HUNDRED FIVE, SEVEN OH SIX WOULD NOT CHANGE THE RATES? WELL, YOU'RE SEEING A HUNDRED.
OH, THAT'S AT THE SUBTOTAL ON, THAT'S THE SUBTOTAL FOR 2026.
I'M TRYING TO FIGURE OUT WHERE THE 72 MILLION COMES FROM.
SO ALBERTA, I'M SHOWING THAT WE HAVE A HUNDRED OVER 103 MILLION OF DEBT IN 26 RIGHT NOW ON THIS IN 26.
UM, WE'VE GOT, WELL, THAT WOULD REQUIRE US TO GO THROUGH OUR NUMBERS AGAIN.
WE'VE GOT, OOPS, 72, I'M GONNA ROUND 72.6 MM-HMM.
AND THEN WE'VE GOT ANOTHER, CALL IT 30.
I DON'T HAVE ANY, UM, FOR WATER IN 26 THERE'S A 20, BUT WE DIDN'T GO THROUGH OUR NUMBERS.
OH, THAT'S THE, YOU KNOW, WE DIDN'T GET THAT FAR, DID WE? RIGHT.
SO I DON'T HAVE THOSE, BUT W OH SEVEN IS ALSO ON THERE, WHICH IS 10 MILLION 6 81.
SO MATT AND I HAVEN'T GOTTEN THAT FAR.
WHAT I TOLD YOU, THE 72 MILLION IS ONLY WASTEWATER.
WE HAVEN'T GONE THROUGH WATER PROJECTS YET.
SO WHEN YOU SAY 72 MILLION IS GOING, IS NOT AFFECTING AFFECT THE WATER RATE FEES OR THE WATER RATE FOR THE, FOR THE TAX RATE.
SO THE, THE WATER RATE FEES YEAH.
THIS IS ALL BASED ON YOUR WATER AND WASTEWATER RATES.
THAT YOU PAY ON YOUR UTILITY BILL.
I JUST CLARIFYING THESE DON'T, THESE DON'T APPLY TO YOUR INTEREST IN SINKING YOUR M AND O.
THAT'S ON THE GENERAL SIDE FOR YOUR STREETS AND PARKS, WATER AND WASTEWATER AFFECT YOUR UTILITY BILLS.
SO I CAN UPDATE THIS REAL TIME WHILE EVERYBODY'S WATCHING ME.
THE 72 MILLION THAT WE'RE SHOWING IN DEBT IN 26, WE'VE ALREADY GOT THAT COVERED IS WHAT YOU'RE SAYING? YEAH, WE WOULD NEED TO BORROW IT, BUT WE COULD BORROW THAT WITHOUT RAISING OUR RATE.
BUT I DON'T HAVE ANY OF YOUR WATER NUMBERS, SO, OKAY.
I SAY THAT WITH CAUTION 'CAUSE THAT MIGHT NOT BE EXACTLY TRUE.
THE ONLY TWO, THREE NUMBERS I SEE FOR WATER IS W OH SEVEN AT 10.68, ONE W 27 AT 20 MILLION, WHICH IS STILL A QUESTION MARK.
AND W 30 AT 300,000, IS THAT WHAT EVERYONE, THAT'S NOT DEBT WORST.
[02:30:02]
IT DOESN'T SAY DEAD ON.I'M JUST SAYING THOSE ARE THE ONLY ONES WITH NUMBERS FOR 26.
SO JUST WANTED TO MAKE SURE I WASN'T MISSING ANY NUMBERS.
AS MATT'S GOING THROUGH HIS LIVE UPDATE HERE, SO THE 72 MILLION THAT YOU'RE TALKING ABOUT ARE, IS THAT W 10, 11 AND 13? ALL THREE TOGETHER? IT IS THE 72 MILLION WOULD BE WW 10, UHHUH,
SO, UH, CAN YOU SCROLL UP A BIT, MATT, YOU'VE GOT LIVE NUMBERS THERE THAT DON'T MATCH WHAT WE'VE GOT.
AND THEN 12 6 84 5 80 BECOMES 8 9 4 5
OH, AND YOU'RE, UH, WW ONE, FIVE AND SIX.
YOU HAD DIFFERENT NUMBERS AS WELL.
GETTING THE SAME NUMBERS HERE.
WHY NOT? 14 8 9 2 0 6 2 2 9 4 9 9 8 2 AND 69 2 9 9 2 7 1.
SO YOU CAN, BASED ON THIS, I GUESS THAT MEANS THAT FOR THE WASTEWATER INCREASE OF $7 AND 22 CENTS AND 26, IT ACTUALLY WAS ZERO.
EVEN THOUGH THOSE ARE DEBT FUNDED, THEY'RE ALREADY COVERED.
WASTEWATER WAS WHAT? ZERO? NO, I SEVEN WHAT I'M SHOWING IT A $7 AND 22 CENTS INCREASE.
UM, BUT BASED ON ALBERTA SAYING THAT WE WOULDN'T NEED AN INCREASE NEXT YEAR, I'M GUESSING THAT ACTUALLY GOES TO ZERO FOR THE 72.
BUT IF YOU WIN ANYTHING OVER THAT, THEN WE'D HAVE TO RECONSIDER, UM, THERE WOULD PROBABLY BE SOME KIND OF INCREASE TO THE UTILITY BILL.
WELL, SO WE HAVEN'T TALKED ABOUT WATER.
'CAUSE WATER DOES HAVE A $30 MILLION.
WHAT'S THAT GONNA DO TO 27 THEN? I'M SORRY, WHAT'S THAT GONNA DO TO THE RATE IN 27? YOU HAVE $18 AND SOMETHING I'M SAYING ON 27, IF YOU'RE SAYING WE'RE NOT GONNA HAVE A WATER RIGHT.
WE'RE NOT PROPOSING AN INCREASE.
BUT, BUT IT DOES NOT TAKE INTO THE WATER IF YOU, IF YOU HAVE WATER.
BUT IF 18, $18 AND $19 IN 27 INCREASE MM-HMM
I'D RATHER HAVE
WELL, YOU'RE NOT, YOU SAID WE'RE NOT GONNA HAVE ONE IN 27, RIGHT? 26.
SO THE WAY MY SPREADSHEET WORKS, IS IT BASICALLY JUST SIMILAR TO THE INS SHEET WHERE IT CALCULATES HOW MUCH NEW DEBT WE'RE TAKING ON AND THEN IT FIGURES OUT HOW IT WOULD ALLOCATE THAT DEBT.
I DON'T HAVE THE PURVIEW BEHIND THE SCENES IN MY SPREADSHEET BUILT IN THAT SHE SEES IN HER FINANCIAL STUFF TO BE ABLE TO SAY, NO, WE CAN ACTUALLY COVER ALL THAT DEBT WITH EXISTING FUNDS TO ZERO OUT THAT $7 AND 22 CENTS.
SO SAME THING ON 27, WHERE YOU SEE THAT $18 AND 99 CENTS, THAT IS LOOKING AT ALL OF THE DEBT THAT WE ARE INCURRING IN 2027.
[02:35:01]
GOT A $29 MILLION PLANT EXPANSION IN 27 THAT GIVES YOU ABOUT A $20 BUMP.OH, AND YOU ALSO HAVE A, UH, STARTING THE SECOND PHASE OF THE SOUTH PLANT FOR ANOTHER 22 MILLION.
SO YOU'VE GOT ABOUT $50 MILLION WORTH OF DEBT ISSUANCE.
IN 27, WHICH GIVES YOU ABOUT A $19 INCREASE IN YOUR WASTEWATER RATE.
THAT'S, SO WE'VE GOT THE WASTEWATER DEBTS FOR 26 COVERED, BUT WE DON'T HAVE THE WATER DEBTS FOR 26 COVERED.
WE HAVE TWO DEBTS ON LAW, RIGHT.
TWO DEBTS FOR 30 MILLION, 30.68, 1 MILLION.
DO YOU HAVE, YOU HAVE YOUR BROKE DOWN BY WATER, RIGHT? OR IS IT WATER VERSUS WASTEWATER? YEAH.
SO HOW MUCH WOULD THE 30 MILLION, HOW MUCH WOULD WE NEED TO RAISE, UM, FOR WATER? IT'S, UH, CALCULATED AT $10 AND 24 CENTS.
UH, UH, MATT, CAN YOU DO THAT WITHOUT THE 20 MILLION? CAN YOU MEAN JUST TAKE IT OFF OF DEBT OR WHAT? YEAH.
HOW, WHERE ARE WE GONNA COME UP WITH $20 MILLION THOUGH? NO, I'M, I'M JUST SAYING IF WE DON'T DO AN IRON REMOVAL PROJECT.
WELL, AND THE OTHER POSSIBILITY IS, IS THAT WE WORK SOMETHING OUT IF WE HAVE, WHICH IS, UH, THE DIRECTION THAT WE'RE ACTUALLY TRYING TO GO, WHERE WE HAVE OUR WATER PROVIDER DOWN THERE PUT IN THE IRON REMOVAL, AND THEN WE JUST ADD THAT TO OUR PAYMENTS THAT WE'RE MAKING TO THEM.
SO INSTEAD OF PAYING ALL THE 20 MILLION UP FRONT, THEY FRONT ALL THE COSTS AND THEN WE JUST SLOWLY PAY THEM BACK WITH ALL OF OUR YEAH.
BUT AS CHERYL AND I DISCUSSED A FEW WEEKS AGO WHERE SHE'S GOT THE YELLOWISH WATER AND I DON'T, SO DO I AND I DON'T.
SO BASICALLY THAT $20 MILLION PROJECT IS ME PAYING $7 OR SOMETHING FOR SOMETHING THAT ISN'T AFFECTING ME.
WHICH, BUT WE DON'T KNOW THE REASON FOR IT.
SO IT COULD AFFECT YOU TOMORROW.
AND IT COULD STOP AFFECTING ME THE NEXT DAY.
AND THAT'S WHY WE SUGGESTED THE STUDY.
A COUPLE, WE, COUPLE, FEW WEEKS AGO.
LET'S FIGURE OUT WHERE THE PROBLEM IS EXACTLY.
RATHER THAN JUST POURING MONEY AT IT.
SO IF THEY HANDLE IT, LIKE YOU'RE SAYING AT THE, IS IT CALLED SHILOH? THAT PLACE WHERE THEY, OKAY.
IF THEY HANDLE IT THERE, IS IT STILL $20 MILLION IN COMPARE? IT IS.
THAT'S WHERE WE GOT THIS NUMBER IS FROM OUR TALKS WITH THE WATER PROVIDER.
SO WE HAD A, UH, I THINK MATT, YOU GAVE US A NICE SOLID COMMENT ON THE KIND OF SLIDESHOW, THE SLIDESHOW TALKING ABOUT, HEY, UH, COMMENT TOO.
RECOMMENDS DOING DATA ANALYSIS AND STUDY TO DETERMINE IF THE COLOR ISSUE, WHICH DOESN'T SEEM TO BE SYSTEM WIDE, WOULD ACTUALLY BE FIXED BY IRON REMOVAL PRIOR TO EXECUTING 27.
SO I, I STILL THINK THAT'S A SOLID IDEA.
NO, THAT'S, THAT'S THE WAY TO GO ABOUT IT.
THAT WAY WE'RE NOT PAYING MONEY.
BUT IF THEY PUT, IF THEY PUT THE IRON STUFF IN IT DOWN AT THE SOURCE, THEY'RE GOING TO RAISE OUR RATE TO PAY FOR IT.
BUT IF YOU'RE STILL PAYING FOR IT, BUT IF WE DON'T NEED THAT, I KNOW THEN WHY BUY IT? OH, I AGREE WITH YOU.
IF IT'S NO, THIS SUBDIVISION HAS CRACKED PIPES OR WHATEVER.
THEN YOU HAVE TO LOOK AT REPLACING PIPES, WHICH HOPEFULLY IS GOING TO BE CHEAPER THAN $20 MILLION.
OH, I HOPE WE SKIPPED DOWN TO 27.
UH, SO W OH SEVEN IS A RATE INCREASE
[02:40:01]
OF $3 AND 57 CENTS W OH SEVEN BY ITSELF.AND W 27 IS A RATE INCREASE THEN OF, UH, 7 67, 7 7 AND A HALF BUCKS.
IS THAT RIGHT? SO THAT'S ANOTHER, YEP.
UH, 10 $10 AND 24 CENTS A MONTH.
AND I THOUGHT WE WERE NOT GONNA DO THE, WELL, WE'RE NOT.
I'M, I'M JUST PUTTING THAT IN THERE AS IF IT STILL COSTS 20 MILLION.
HE, IF IT COSTS US 20 MILLION.
THERE'S ANOTHER 10 MILLION ON TOP OF WHAT? WE ALREADY AT 27.
SO WE'RE, SO WE'RE THE TWO OF THOSE TOGETHER? IS THE 10 24 NUMBER AT THE TOP OF THE COLUMN OR FOURTH LINE DOWN AT THE TOP OF THE COLUMN FOR 26.
SEE WHERE IT SAYS 10 24 UHHUH 3 57 IS W OH ONE SEVEN.
HOW DID YOU CALCULATE TO GET THE 7 7, 7 7.
HOW DID YOU, WHAT, WHAT'S YOUR MATH? ISN'T THAT 3 57 TIMES TWO IS SEVEN 14? NO, THREE 50.
YOU, I ASKED MATT TO PLUG IN THE NUMBERS AND HE CAME BACK WITH 3 57 FOR THAT 10.681.
AND SO IF FOR 20 MILLION IS ALMOST DOUBLE THAT ALMOST, BUT NOT QUITE.
SO DOUBLE IT WOULD BE $7 AND 14 CENTS.
SO I DON'T KNOW HOW HE'S GETTING A BARGAIN, BUT OUR SO WHERE DO YOU GET 7 69? I DON'T HAVE ANYTHING BECAUSE THAT IS 10 24 MINUS 3 57.
IS THAT, DID I DO IT WRONG? YEAH.
I'M OFF BY A DOLLAR OH 9 24 INSTEAD OF 10 24.
I'M SORRY, I WAS OFF BY A DOLLAR.
USUALLY I MATH PRETTY GOOD, BUT, BUT NOT THAT TIME.
WW 16 SIXTEEN'S OUR FIRST DEBT 1 7, 8, 14,000,500.
SO
WE'RE TRYING TO GET MORE DECIMAL POINTS.
I'M TRYING TO GET ALL THE WATER STUFF OVER THERE FOR HER NOW.
WE'VE GOT FIVE WASTEWATER PROJECTS WITH DEBT AND ONE WATER PROJECT WITH DEBT, WHICH SURPRISES ME.
'CAUSE THAT 6.9 MILLION ON W 30 I THINK SHOULD BE DEBT UNLESS WE GOT 6.9 MILLION LAYING AROUND W 30.
BUT IT DOESN'T SAY DEAD AFTER IT.
I DON'T KNOW WHAT YOU GUYS ARE TALKING ABOUT.
I THINK HE TURNED IT IN THERE.
YOU KNOW WHAT, LET'S DO EDIT TRACKING
OKAY, 2027 WE'RE ON WASTEWATER.
WHAT, WHAT, WHAT WHAT? 14 5 8 97 DIVIDED 27 AND 28.
OKAY, SO YOU'VE GOT IT AS ONE PROJECT ON OURS? YEAH, WE CAN FIND IT.
WHAT'D YOU SAY? DID YOU SAY, BECAUSE ON YOUR SHEET YOU'LL SEE THAT
[02:45:01]
YOU HAVE 14 AND A HALF.IN 27 AND 14 AND A HALF AND 28.
BUT ALBERTA AND I HAVE ALREADY WORKED ON THIS ONE, AND SO WE COMBINED IT INTO ONE DEAD ISSUANCE IN 27 WHEN WE START CONSTRUCTION.
SO THAT MAKES IT 29 WHAT? 29 1 0 1 7 94.
AND THAT LINES OUT THE 28 1 COMPLETELY.
AND WHAT DOES THAT, OKAY, SO WHAT DOES THAT EQUAL UP TO? DEBT? I, I THINK WE HAVE TO, I, UH, LET, LET'S CHECK, CHECK THE NUMBERS REAL QUICK.
BUT MATT, REMEMBER, UM, WW 37, UM, IT'S NOT BORROWING RIGHT.
I I DON'T HAVE IT MARKED AS DEBT.
WHAT, WHAT ARE YOU TALKING ABOUT? WHICH ONE? YEAH, BUT IT SAYS 27 7 0 8.
SO, UH, WW 37, AFTER WE SENT YOU GUYS THE SHEET, ALBERTA AND I WALKED THROUGH WASTEWATER.
SO THAT'S WHY IT'S NO LONGER DEBT.
W 30, WW 35 AND WW 37 ARE NO LONGER DEBT, CORRECT? YEAH.
THE ONLY DEBTS THAT YOU HAVE IN 27.
WHAT HAPPENED TO 19? NO LONGER DEBT.
IT'S NOT, YEAH, IT'S NOT DEBT SUPPORTED.
NO, WE SAVED YOU SOME BORROWING AND NO LONGER IN WW 56, 6, IT'S DEBT.
W 16 IS DEBT, BUT IT'S 29,000 101 7 94 AND SLOW DOWN.
AND THEN WW 56 IS 2 7 0 8 8 93.
AND THEN WE HAVE WATER THAT, THAT'S A TERM RIGHT.
WE'LL GET, WE'LL GET TO THE WATER.
SO THE WASTEWATER TOTAL DEBT IS 29 1 0 1 AND TWENTY TWO SEVEN.
SO WE'LL CALL IT FORTY NINE FORTY NINE EIGHT.
I'M SORRY I DIDN'T, UM, UH, I DON'T HAVE THE NUMBER, SO.
THAT'S ABOUT, IS IT LIKE 51, 52, SOMEWHERE IN THERE? 98 WE HAVE SIX FOUR.
THE 54 NUMBER SUBTOTAL IS NO LONGER ACCURATE.
I'M LOOKING AT THE LIVE SPREADSHEET, THE SUBTOTAL.
THAT'S DEBT RATE, WATER, UH, WASTEWATER RATE FOR, UH, WHAT WAS YOUR NUMBER? 50 1-850-189-NINE SEVEN.
CALL IT FIFTY ONE NINE WASTEWATER RATE FOR 51 9.
I DON'T, I DON'T HAVE THE DECIMALS LIKE ALBERTA WAS GIVING YOU.
BUT I CAN TELL YOU THAT WHEN YOU COMBINE THOSE TWO, YOU'RE LOOKING AT
[02:50:01]
ABOUT AN $18 99 CENTS INCREASE YOUR WASTEWATER BILL FOR 27.WHAT'D THAT GO? THAT'S AN INCREASE.
ACCORDING TO YOUR OTHER FIGURES, WERE WATER FOR 27 WAS 1899 ALSO.
NO, NO, WE HADN'T, WE HADN'T GOTTEN TO THAT YET.
AND RIGHT NOW WE'RE AT $4 AND 14 CENTS FOR WATER.
SO YOU'RE LOOKING AT ABOUT A $23 INCREASE IN YOUR TOTAL UTILITY BILL FOR 27, RIGHT? FOR 27, YES.
AND THAT'S AFTER A $10 INCREASE IN YOUR UTILITY BILL IN 26, ASSUMING THAT WE DO ALL THE WATER PROJECTS THAT YOU GUYS HAD IN THERE.
HELL, WELL, WELL WE WERE, THEY WERE TALKING ABOUT $30 INCREASE IN, WELL, I'M LOOKING AT THE WATER.
WOULD YOU MIND REPEATING THOSE FIGURES THAT YOU SAID JUST FOR WATER IN 26 IS HOW MUCH FOR WATER IN 26 IS $10 AND 24 CENTS? BASED ON WHAT WE HAVE IN THE CIP RIGHT NOW.
AND WHAT ABOUT 2027 FOR WATER IN 2027 IS $4 AND 14 CENTS.
CAN WE SCROLL DOWN TO W OH SEVEN? I'M SORRY.
SO THAT, THAT'S WHAT I THOUGHT.
8 840 1000 AND WE HAVE TO, UH, PULL THE SEVEN, UH, 7.5 AT THE SAME TIME.
WHAT WAS THAT NUMBER? WHAT DID YOU TELL ABOUT 7.5 WHAT? FOR 28? OH, DID WE DO THE CALCULATIONS ON WW 12? NO, WE SKIPPED THE, YES, WE JUST WENT TO THE TOTAL.
I BROKE THOSE TWO UP IN THE WAY I DID BECAUSE NUMBER ONE, I'M HOPING THAT WE CAN GET A DEVELOPER TO DO THAT.
NUMBER TWO, I FIGURED WE WOULD DO DESIGN UHHUH
SO WE WOULD DO TWO, TWO BUYS FOR THAT ONE.
UM, AND THEN THE W 30 PROJECT.
AND THAT IS NOT, IS THAT DESIGN? THAT'S JUST DESIGN.
SO DO WE, AND THEN I SKIPPED A YEAR TO DO LIKE ALL THE LAND ACQUISITION, COMMUNICATION, ALL THAT KIND OF STUFF.
AND THEN IN 29, I FIGURED WE WOULD DO A NEW ISSUANCE TO DO CONSTRUCTION.
SO WE WOULD DO A SECOND ISSUANCE IN 29 THEN.
THAT'S THE WAY I PLAYED IT OUT IN MY HEAD.
THAT I'M JUST TRYING TO GET ON BOARD WITH, UH, MATT'S BRAIN.
UH, SO WE'RE LOOKING AT $4 AND 14 CENTS ON THAT ONE.
AND SO WE'RE LOOKING AT A TOTAL OF $23.
AND 27 FOR WATER AND WEST SIDE.
ON TOP OF THE $7 FROM THE YEAR PREVIOUS, WE'RE AT ABOUT 30 BUCKS.
I THOUGHT YOU SAID THE 7 22 IS GONNA BE ABSORBED.
THE 10 24 AS WE KNOW IT RIGHT NOW, STAYS, POTENTIALLY STAYS ALBERTA.
AND I HAVEN'T BEEN ABLE TO WALK THROUGH WATER YET.
AND THEN IN 27 YOU HAVE AN 1899 INCREASE FOR WASTEWATER AND A FOUR 14.
WHICH GIVES YOU A TOTAL OF INCREASE OF ABOUT 33 ISH DOLLARS.
THAT'S OVER THE NEXT TWO YEARS.
[02:55:01]
THERE'S, THESE HAVE TO BE UTILITY FEES.THERE'S NO WAY WE CAN, NO WAY WE CAN PUT THOSE ONTO TAX ROLLS SOMEHOW OR ANYTHING LIKE THAT.
I DON'T KNOW HOW YOU WOULD ADD IT TO YOUR, YOUR PROPERTY TAX, RIGHT? NO.
IF WE'RE THE 13TH FASTEST GROWING CITY IN WHATEVER, WAS IT THE NATION OR JUST TEXAS? I DON'T KNOW.
IF WE'RE, DO WE HAVE PROJECTIONS ON FUTURE GROWTH? BECAUSE TELL ME IF I'M WRONG, MAYBE I'M CRAZY IN THINKING THIS, WOULD FUTURE GROWTH HELP THIS NUMBER BE REDUCED FOR US? YOU'RE GONNA HAVE, YOU'RE, BUT YOU'RE GONNA HAVE TO BUILD THE OTHER WATER LINE IN ORDER TO GET THE WATER HERE FOR THE FUTURE GROWTH.
SO THIS ISN'T GONNA CUT IT DOWN 'CAUSE WE'VE GOTTA SPEND $73 MILLION ON THAT.
NO ACT'S COMING IN WITH EXTRA SOURCE THAT'S INCLUDED HERE.
RIGHT? SO THERE'S THE EXTRA WATER.
BUT WE STILL HAVE THE 6 MILLION, UH, GPD PIPELINE.
CAN WE PLEASE GO BACK TO MY QUESTION? YES.
SO I'M TRYING NOT, MATT SAID THAT IN 2027 THERE'S AN INCREASE OF $18 AND 99 CENTS FOR YOUR WASTEWATER, CORRECT? MM-HMM
MY QUESTION IS, DO WE HAVE PROJECTIONS ON FUTURE GROWTH? BECAUSE IF THERE'S ADDITIONAL PEOPLE, COMPANIES THAT ARE HERE, COULD THAT REDUCE THAT 1899 AMOUNT FOR THOSE OF US WHO LIVE HERE? OR IS THAT STUPID TO EVEN ASK THAT? SO IF YOU, IF YOU LOOK ON THE TOP PART OF THE SPREADSHEET, YOU'LL SEE THAT WE'VE ALREADY ASSUMED A CERTAIN AMOUNT OF GROWTH FOR WASTEWATER ACCOUNTS AND FOR WATER ACCOUNTS.
SO I GUESS THAT WASN'T A STUPID QUESTION.
NO QUESTION IS A STUPID QUESTION.
AREN'T SOME SUBDIVISION, IT'S JUST GONNA BE STUPID.
BUT QUESTIONS NOW OUT THE NORTH OF TOWN.
AREN'T THOSE YOU WATER THOUGH? YEAH.
SO THAT'S WHY IF YOU LOOK, YOU'LL SEE THAT THE WATER ACCOUNT NUMBER IS DIFFERENT THAN THE WASTEWATER ACCOUNT NUMBER ON MOTORS.
WHICH IS WHY OUR, OUR WATER IS GENERALLY LOWER THAN OUR WASTEWATER.
THIS IS A STUPID, PROBABLY A STUPID QUESTION.
BUT WAIT FORWARD
DO THEY PAY A HIGHER RATE FOR THE WASTEWATER? YES, THEY DO.
BUT IT'S, YOU GET MORE NO, I THINK A MINIMAL INCREASE.
SO IF OUR OUR WASTEWATER RATES GO UP, THEIRS, THEIRS WILL GO UP ALSO MM-HMM
CAN WE DOUBLE THEIR WE WATER
WE ARE ACTUALLY DOING A RATE STUDY RIGHT NOW FOR THEM TO MAKE RECOMMENDATIONS ON WHAT WE SHOULD BE CHARGING IN CITY AND WHAT WE SHOULD BE CHARGING OUTSIDE THE CITY.
I HAVE MY ANNUAL PHYSICAL IN THE MORNING.
ALL THIS BLOOD WORK'S GONNA REALLY BE BAD.
MATT, WHILE WE HAVE A SPARE MOMENT HERE, UM, WHEN YOU UPDATE THIS, I ASSUME WE'LL GET ALL NEW SHEETS.
OF, UM, COULD YOU ALSO INCLUDE THE, THE RATE NUMBERS THAT Y'ALL HAVE BEEN CALCULATING AS WELL? WHAT CAN, WHICH RATE NUMBERS? WELL, THE, THE WATER RATE FEE, I MEAN NOT THE WATER RATE FEES, BUT THE, UM, FOR THE, FOR THE, THE DEBT, THE GOODIES THAT SHE HAD.
HAVE Y'ALL HAVE BEEN CALCULATED OR UPDATING OR MAY NEED MORE ACCURACY? UM, SO YOU HAVE IT ON TOTAL.
THE ONLY WAY THAT I'VE BEEN CALCULATING THEM, JUST SO YOU GUYS ARE AWARE, I HAVEN'T BEEN DOING THE RATE THAT SHE RUNS.
I TOOK THAT 0.3 9 9 5 5 3 UHHUH.
I INCREASED IT BY THE 27.5% TO GET THE 52 ISH CENTS.
AND THEN I INCREASED IT ANOTHER 25% TO GET THE 60, WHATEVER IT WAS, 70, I DON'T REMEMBER WHATEVER THOSE NUMBERS WERE.
SO MANY NUMBERS, BUT WHATEVER THAT IS.
UM, 73, IT WORKS OUT ABOUT THE SAME, BASICALLY.
THOSE OVERALL NUMBERS ARE FINE.
I DON'T NEED 'EM PER LINE ITEM INDIVIDUALLY, BUT, UM, WHEN WE WORK ON IT IN HIS SHEET, WE JUST PUT IT IN ONE NUMBER, SO OKAY, THAT'S FINE.
[03:00:01]
EQUATES TO THE SAME BASICALLY.JUST TO CLARIFY, THIS IS THE, THIS IS THOUGHT TO BE THE LAST TIME THAT YOU GUYS WILL SEE THIS BECAUSE LATER THIS MONTH IT GOES TO CITY COUNCIL FOR THEM TO START LOOKING AT, FOR THEM TO START DISSECTING THAT MM-HMM
AND IF WE'RE GONNA BORROW, ESPECIALLY FOR THESE WASTEWATER PROJECTS THAT ARE NEEDED FOR MATT TO CONTINUE, WE NEED TO START THAT PROCESS LIKE, UM, JULY, YESTERDAY, AUGUST.
THE LATEST SO THAT HE CAN GET THE MONEY IN DECEMBER.
UM, OTHERWISE I'M GONNA DELAY HIM.
I'LL BE THE ONE SAYING WE DON'T HAVE THE MONEY.
AND THEN HE WON'T LIKE ME ANYMORE.
MATT, I DON'T LIKE IT WHEN PEOPLE SLOW ME DOWN.
HE GETS A LITTLE TESTY WHEN I TELL HIM, WHY ARE YOU WORKING IN THE PUBLIC THEN
WELL, I I THINK YOU'RE DOING A GOOD JOB.
SO I HAVE ONE LAST, I, I JUST FEEL LIKE I NEED TO ASK BECAUSE I CAN, SO OUR WASTEWATER THING THAT WE'RE BUILDING THE 6 MILLION, I DON'T KNOW THE RIGHT TERMS AND THE ACRONYMS AND ALL, YOU KNOW WHAT I'M TALKING ABOUT THOUGH? THE SIX MGD EXPANSION OF THE SOUTH WASTEWATER COMMITMENT.
IS IT TOO LATE FOR US TO SAY, HOLD ON,
CAN WE NOT LIKE
AND SO LET'S MAYBE DO FOUR, MAYBE THREE, BECAUSE HERE'S JUST SAYING I HAVE, I FEEL LIKE I HAVE TO ASK THIS QUESTION.
HERE'S, HERE'S THE PROBLEM, NUMBER ONE, OR HERE'S THE PROBLEMS THAT I SEE.
WE ALREADY HAVE, LIKE, IF YOU GO OUT THERE AND LOOK AT THE SOUTH WASTEWATER TREATMENT PLANT MM-HMM
SO YOU DON'T WANNA STOP AT THIS POINT.
IT, IT'S BAD IF YOU GO OUT THERE AND LOOK, THERE'S STUFF EVERYWHERE.
THERE'S HOLES, THERE'S TRENCHES, THERE'S BUILDINGS COMING OUT OF THE GROUND.
ALL KINDS OF THINGS ARE HAPPENING.
NUMBER TWO, UM, I DON'T KNOW HOW TO SAY THIS.
WE, WE ARE PROJECTING THAT WE ARE GONNA USE UP THE MAJORITY OF THAT 6 MILLION GALLONS BEFORE WE EVEN FINISH THE PROJECT BASED ON ALL HOW RAPIDLY WE'RE GROWING.
IN OTHER WORDS, YOU SHOULD BE BUILDING BIGGER.
I DON'T KNOW THAT WE NEED TO BE BUILDING BIGGER, BUT WE SHOULD HAVE STARTED A LOT SOONER.
WELL, WE NEED TO SLOW DOWN SOME OF THE GROWTH INTO A HUNDRED PERCENT AGREE.
WELL, YOU GOT PROJECTIONS, THE TAXABLE VALUE GROWTH AT 15%.
BUT UNFORTUNATELY YOU CAN, UH, YEAH.
TAXABLE VALUE GROWTH AT 15% I THINK, I THINK YEAR OVER YEAR PREVIOUSLY IS 9%.
AND I DON'T THINK WE'VE EVER DONE OVER 9%.
HAVE WE? ARE YOU TALKING POPULATION TAXABLE GROWTH? ARE YOU TALKING POPULATION? POPULATION? SO WE'VE ACTUALLY GOT THOSE DOWN AT 9% IN 25.
AND WE'RE PROJECTING 12% IN 26, 27, 28, 29 AND 30.
AND I BELIEVE THAT THE NUMBERS WERE, THAT WE GREW AT 13% IN FROM 23 TO 24.
SO COULDN'T WE STOP THE GROWTH IN SOME CAPACITY AND DO LIKE A MEMORANDUM OR WHATEVER IT'S CALLED? A MORATORIUM? MORATORIUM.
IT WOULD GO ON A MOR IT WOULD GO ON A MEMORANDUM.
ASHLEY CAN ANSWER THAT QUESTION.
CAN YOU ANSWER MY QUESTION? WELL, I'M NOT AN ATTORNEY.
BUT I THINK REALLY, I THINK IT'D BE REALLY DIFFICULT BY, WITH THE AMOUNT OF THINGS THAT WE ALREADY HAVE ON THE GROUND TO STOP SOMETHING AFTER WE'VE ALREADY SAID THAT WE WOULD SERVE IT TO ACTUALLY STOP AND DO A MORATORIUM NOW WOULD BE PRETTY PROBLEMATIC.
WE'D PROBABLY BE OPENING OURSELVES UP FOR SOME LAWSUITS, UM, BECAUSE WE'VE ALREADY ALLOWED THINGS TO PROGRESS SAYING THIS IS HOW WE WOULD BE ABLE TO SERVE.
I'M NOT SAYING STOPPING WHAT'S ALREADY IN MOTION.
I'M JUST SAYING LIKE, WE CAN'T SUPPORT ANYTHING BEYOND THIS $6 MILLION THING THAT WE'RE BUILDING.
I MEAN, I THINK THERE'S GONNA BE A FLIP SIDE TO IT THAT THAT'S WHERE YOU WOULD END UP POSSIBLY WITH MORE MUDS OR PACKAGE PLANTS AND THINGS LIKE THAT.
IF WE ARE NOT SERVING, THEN THERE'S GOING TO BE, THERE'S OTHER OPTIONS.
I THINK THAT'S WHERE YOU'RE SEEING SOME OF THE, UM, ITEMS COME IN SO THAT THEY'RE NOT PACKAGED PLANTS.
LIKE FLORA RIGHT NOW IS A MUD OUTSIDE, UM, IN THE ETJ AND IT IS A PACKAGE PLANT.
SO THEY'RE NOT USING OUR, UM, WASTEWATER.
BUT SAME WITH, UM, STAR RANCH IS A PACKAGE PLANT THEY'VE HISTORICALLY BEEN, UM, BUT THE, UM, THERE'S A PROJECT COMING IN THAT IS CALLED LIMMER SQUARE.
THAT WAS GOING TO BE, AND I BELIEVE THEY STILL HAVE THEIR PETITION OUT THERE, BUT WE'RE HOPING TO GET THEM TO COME INTO THE
[03:05:01]
CITY SO THAT THEY WOULD THEN HAVE CITY WASTEWATER AND NOT ADD A PACKAGE PLANT.UM, SO I THINK THERE'S A LOT OF DIFFERENT, I HAVE DIFFERENT POINTS OF VIEW WHEN IT COMES TO PACKAGE PLANTS AND THAT TYPE OF THING, BECAUSE I REALLY FIND IT HARD TO SWALLOW THE FACT THAT WE'RE GONNA ASK OUR RESIDENTS TO PAY 19 BUCKS MORE A MONTH IN WASTEWATER.
AND IT'S, UM, YEAH, IT'S DEFINITELY SOMETHING I THINK COUNCIL HAS TO BE, I MEAN YEAH.
'CAUSE THEY WOULD HAVE TO BE THE ONES TO ACTUALLY CALL A MORATORIUM AND YEP.
UM, AND DISCUSS HOW THEY WANT TO MOVE OR NOT MOVE FORWARD ON THINGS.
BUT I THINK WITH STATE LAW, I THINK THAT THERE ARE SOME, UM, YOU'VE HEARD SOME OF THE SENTIMENTS THAT IT IS A LITTLE BIT MORE DIFFICULT TO, UM, HALT SOME DEVELOPMENT AS WE'RE MOVING FORWARD.
AND CORRECT ME IF I'M WRONG, ASHLEY, BUT IF THERE WAS A MORATORIUM FROM THE CITY, THEN BASICALLY ANYTHING IN THE ETJ COULD GO IN AS A MUD.
I THINK THAT IS CORRECT, IS THAT IF WE DECLARE THAT, THEN WE ARE BASICALLY SAYING, YES, YOU COULD GO DO THESE OTHER THINGS.
SO WE, WE WOULD HAVE, I MEAN, THAT'S WHERE YOU GET INTO THE, THEY'RE NOT PAYING OUR FEES.
THEY'RE NOT PAYING, UM, THEY'RE USING THEIR ROADWAYS, BUT WE'RE NOT GETTING ANYTHING.
BUT WE'RE GONNA PUT OURSELVES IN A POSITION WHERE WE'RE GONNA HAVE MORE RESIDENTS IN THAT PLACE OF HAVING TO DECIDE, DO I STAY LIVING HERE BECAUSE I CAN'T CONTINUE TO, WE'RE SAYING IN TWO YEARS, THREE YEARS IT'S GONNA BE 60 SOMETHING DOLLARS INCREASE.
THAT'S FOR SOME PEOPLE, GOING BACK TO YOUR POINT.
THAT'S A HUGE PILL TO SWALLOW.
LIKE HOW ARE YOU HOW THAT'S KNOW WHO IS LOOKING, HEY, IS THERE SOMEONE WE CAN MAKE IT NOT A FEE 250 BUCKS A YEAR.
I DEFINITELY THINK THAT IT'S A, IT'S NOT REALLY A DECISION FOR DISCUSSIONS.
THERE'S NOT JUST THE TWO SIMPLE.
SO TO YOUR POINT, RATHER THAN
IS THERE A NUMBER THAT YOU GUYS THINK IS HALF, SO $15 OVER THE NEXT TWO YEARS, $16 OVER THE NEXT TWO YEARS.
YOU SAW WHAT HAPPENED WHEN THE WASTE WA WHEN IT WAS AT OUR WATER BILL THAT WENT UP BY 10 BUCKS.
I THINK WE RAISED BOTH AT THE SAME TIME.
I THINK IT WAS WATER AND WASTEWATER, WHATEVER, TO, TO A CONSUMER.
I DON'T SEE THE DIFFERENCE BETWEEN THE TWO.
I JUST LOOK AT MY BILL AND SEE THAT IT'S GONE UP.
I DON'T LOOK, YOU KNOW, SO IF THERE WAS A LOT OF DISRUPTION WITH THE $10, IT DOESN'T MATTER WHAT Y'ALL DO BECAUSE PEOPLE WILL REMEMBER THAT $10.
SO I WOULD SAY THE LEAST AMOUNT HUMANLY POSSIBLE, WHATEVER WE CAN DO TO BE CREATIVE IS WHAT WILL FLY.
I DON'T THINK ANYTHING WILL REALLY FLY.
'CAUSE PEOPLE ARE UPSET WITH THE INCREASE THAT ALREADY HAPPENED.
LET, LET ME ASK A QUESTION REGARDING KIND OF TCEQ PROCEDURES.
SO I UNDERSTAND TCEQ IS A GOVERNING BODY, TEXAS, UH, COMMISSION, COMMISSION ON ENVIRONMENTAL QUALITY.
SO, UM, IF WE ARE OVER CAPACITY ON OUR WASTEWATER TREATMENT, WHAT HAPPENS? UM, WELL, SO THE FIRST THING THAT WOULD HAPPEN IS THEY WOULD COME AND DO AN INVESTIGATION.
UM, THE NEXT THING THAT WOULD HAPPEN IS THAT THEY WOULD POTENTIALLY START GIVING US FINES, FEES.
UM, THEY COULD, I, I DON'T KNOW HOW FAR THEY COULD TAKE IT.
UM, BUT IF WE CONTINUE TO EXCEED OUR CAPACITY AND, AND DUMP WATER INTO THE CREEKS THAT WE SHOULDN'T BE DUMPING IN, THEN I WOULD ASSUME THAT THEY HAVE THE RIGHT TO COME IN AND TAKE OVER OUR ENTIRE SYSTEM.
AND THEN WE HAVE NO CONTROL OVER WHAT THEY DO.
AND THEIR RULE IS AT YOUR PLANT IS THAT YOU, WHEN YOU ARE 70% CAPACITY, YOU SHOULD BE DESIGNING YOUR EXPANSION.
AND WHEN YOU'RE AT 90% CAPACITY, YOU SHOULD BE CONSTRUCTING YOUR EXPANSION.
AND THIS IS TO MY POINT EARLIER SAYING WE SHOULD HAVE STARTED SOONER.
WE'RE, WE'RE OVER 90% AT THE CENTRAL PLANT MM-HMM
AND WE'RE JUST NOW STARTING DESIGN.
AND THAT'S SOMETHING THAT'S GOTTA BE DONE.
[03:10:01]
THE CONVERSATION I THINK NEEDS TO BE, I, I'M ENCOURAGING EVERYBODY TO START THINKING OUTSIDE THE BOX.START WHAT? I'M SORRY THAT AGAIN, I'M ENCOURAGING EVERYBODY AND WHEN I MEAN EVERYBODY, I'M, IT'S NOT REALLY US 'CAUSE IT'S NOT OUR PROBLEM TO SOLVE, IT'S MORE OF CANCEL.
BUT I HEAR THERE'S A LOT OF OPPOSITIONS TO THESE PACKAGE PLANTS AND THERE'S A LOT AND RIGHT.
AND I GET IT FROM THE SALES TAX PERSPECTIVE AND THE WEAR AND TEAR ON THE ROADS AND ALL OF THE THINGS.
BUT ULTIMATELY, AS A RESIDENT OF HURO, IF THERE'S A PACKAGE PLANT THAT'S IN FLORA AS AN EXAMPLE, AND IF I'M NEVER IN THAT GENERAL VICINITY OF HURO, SELFISHLY SPEAKING, YOU COULD SAY I COULDN'T CARE LESS IF THEY HAVE A PACKAGE PLANT AND I ENCOURAGE THEM TO GET ONE IF THAT MEANS THAT I DON'T HAVE TO PAY MORE ON MY BILL EVERY MONTH.
AND SO THAT'S THE PERSPECTIVE THAT A LOT OF RESIDENTS MAY OR MAY NOT HAVE.
AND SO IT'S JUST A DIFFERENT POINT OF VIEW.
I, I'VE HEARD, I'VE HEARD CONSISTENTLY THAT PEOPLE ARE AGAINST THE PACKAGE PLANTS AND THE MUDS, AND I GET THE REASONING WHY.
BUT IF PEOPLE ARE PUT IN A POSITION OF HAVING TO DECIDE CAN I AFFORD TO LIVE HERE, THEN THEY MAY NOT CARE ABOUT MUDS AND PACKAGED PLANTS.
WELL, I RECALL SEVERAL YEARS AGO WHEN WE HAD BOUGHT THAT WELL, OR WHATEVER, OH, WELL WE'RE GONNA PAY THIS OFF AND THEN WHEN WE DO THAT, EVERYBODY'S WATER BILLS ARE GONNA GO WAY DOWN.
WELL, THERE'S A REASON WHY, BUT I DON'T WANNA GO INTO IT.
YOU KNOW, HEY, HOW MUCH MONEY ARE YOU GONNA SAVE IN GAS WHEN YOU BUY AN ELECTRIC VEHICLE? AND HOW MUCH DOES IT COST TO REPLACE THAT ELECTRIC VEHICLE'S BATTERIES.
AND IS THAT MORE OR LESS THAN THE MONEY YOU WOULD'VE SPENT IN GAS? THESE ARE ALL THE CALCULUS THAT GO INTO JUST LIVING AND YEAH, YOU'RE RIGHT.
YOU KNOW, ARE WE, ARE WE SLAPPING A FEE ON, YOU KNOW, A BUNCH OF PEOPLE WHO JUST CAN'T AFFORD IT? YOU KNOW, SORRY, ELDERLY AND, AND VETS, I'M LOOKING AT THEM, YOU KNOW, AND ARE THEY GOING TO BE LIKE, WELL, I CAN'T AFFORD TO LIVE HERE ANYMORE.
BUT IT'S ALSO HORRIBLE IF TCEQ SAYS, ALL RIGHT, EVERY HOUSE GETS TO FLUSH THEIR TOILET ONCE PER DAY.
BECAUSE WE COULDN'T, WE DIDN'T DO WHAT WE WERE SUPPOSED TO DO WHEN WE WERE SUPPOSED TO DO IT.
AND WHOSE FAULT IS THAT? AND, AND MAKE THIS HAPPEN.
AND WHOSE FAULT IS THAT? I'M JUST SAYING IF WE DON'T, WELL, I KNOW, I AGREE.
I DON'T CARE WHOSE FAULT IT IS.
ARE WE DONE WITH DOING ALL OF THIS PART OF IT? ARE WE JUST GONNA LET THE COUNCIL NOW SAY, OKAY, THIS IS WHAT WE'RE, WE'VE COME UP WITH Y'ALL DECIDE WHICH ONE YOU WANNA DO AND WHICH ONE YOU DON'T.
WELL, LET ME JUST ASK ONE MORE QUESTION.
GOING BACK TO INS, SO YOU'VE, YOU'VE ALREADY SAID RIGHT NOW YOU'RE LOOKING AT A $33 WHATEVER INCREASE OVER THE NEXT TWO YEARS.
GENERALLY SPEAKING, YOU'VE INDICATED THAT YOUR RECOMMENDATION TO COUNSEL IS THAT THEY SHOULD CUT THAT IN HALF AND FIGURE OUT HOW TO DO THAT BALANCE, THINK OUTSIDE THE BOX, WHATEVER.
RIGHT? AM I CORRECT IN THAT? WELL, ONE PERSON SAID IN HALF.
I WOULD SAY I DON'T AGREE WITH THAT.
$20 MAYBE OVER THE NEXT TWO YEARS.
SO $10 A YEAR, BUT I WOULDN'T GO MORE TOWARD THAT.
I, I WOULD GO FOR, LET'S TRY TO THINK OUTSIDE OF THE BOX, BUT IF WE CAN'T, WE NEED TO FULLY FUND THIS AND MAKE THIS HAPPEN.
OTHERWISE WE'RE IN DANGER OF BEING SHUT DOWN.
I WOULD SAY THAT P AND Z DOESN'T HAVE A DOLLAR RECOMMENDATION BECAUSE WE DON'T RIGHT.
AS A COMMITTEE, WE DO NOT HAVE A DOLLAR THAT WE WANT THEM TO TARGET.
WE WANT THEM TO GET IT THE LOWEST AS FEASIBLY POSSIBLE.
AND CHALLENGE THEM TO FIGURE IT OUT.
BUT MY ANSWER IS WHAT WAS MULTIPLE? I WOULD ADD, I WOULD ADD ON THAT THE 26, 27, UH, WASTEWATER ESPECIALLY NEEDS TO BE FULLY FUNDED.
OTHERWISE WE ARE IN DANGER OF FALLING OUT OF COMPLIANCE.
AND THAT'S A REALLY BAD THING FOR THE CITY.
BECAUSE THE FINES FOR THAT COULD WAY OUTWEIGH EVEN WHAT WE WERE GONNA SPEND.
SO LET'S THINK OUTSIDE THE BOX FOR A WAY TO LOWER IT, BUT IF WE CAN'T, WE GOTTA, WE GOTTA FULLY FUND AT LEAST THE
[03:15:01]
WASTEWATER.I JUST WANNA MAKE SURE WHAT I DELIVER MM-HMM
MY PRESENTATION TO CITY COUNCIL THAT I'M CONVEYING THE MESSAGE THAT YOU GUYS ARE GIVEN.
THAT'S WHY I'M ASKING THE QUESTION.
IT NO, REGARDLESS OF HOW MUCH IT GOES UP, IT'S STILL TOO MUCH.
IT'S ALWAYS GONNA BE TOO MUCH.
WHAT'S ON NEXT AS FAR AS THE WATER GOES? I THINK WE'VE GOT THE RIGHT ANSWER.
DOES THAT NEED TO HAPPEN OR NOT? YEAH.
AND THEN, YOU KNOW, THE, THE ELEVATED STORAGE TANK THAT'S ALREADY IN DESIGN, LET'S KEEP GOING.
AND THAT, I ASSUME THAT THE ANSWER IS THE SAME THING ON INS, THAT NO INCREASE IS ACCEPTABLE, BUT WE NEED TO FUND WHAT WE NEED TO FUND TO MAKE THINGS FUNCTION.
WELL, I'M TALKING INS NOW, SO THAT WOULD BE LIKE YOUR FACILITIES, YOUR STREETS, YOUR PARK, YOUR DRAINAGE, EVERYTHING.
SEE THAT THAT ONE, THAT ONE I'M, I'M THINKING A LITTLE BIT DIFFERENTLY.
LIKE I'M LOOKING AT 26 WHAT PARKS OR STREETS OR WHAT, UH, AT THE, AT THE PARKS AND TRANSPORTATION AND ALL OF THAT STUFF FOR 26 PARKS IS PARKS LOOKS LIKE IT IS 0.012.
CANNOT GET SOMETHING FOR NOTHING.
SO THAT IS A VERY SMALL AMOUNT, IN MY OPINION, A VERY SMALL AMOUNT OF WHAT WE ARE LOOKING AT INCREASING BECAUSE WE WERE INCREASING, UH, 0.143 AND THIS IS 0.012.
SO I THINK THE 26 PARKS IS OKAY.
WAS THAT A 50 CENT INCREASE? IS THAT WHAT THAT IS? I THINK THAT'S PER MONTH.
BUT THAT'S ON A HUNDRED THOUSAND, THAT'S PER HUNDRED THOUSAND.
BUCK 50 TO $2 FOR THE AVERAGE HUDDLE.
THE TRANSPORTATION PIECE THAT, THAT ONE'S TOUGHER.
BUT I THINK WE GOTTA KIND OF BITE THE BULLET ON THIS ONE.
YOU KNOW, I REALLY THINK WE, WE SHUFFLED THE PROJECTS AROUND OVER THE LAST SIX MONTHS TO WHERE THEY MAKE SENSE AND WE'VE BROKEN 'EM OUT TO WHERE THEY MIGHT BE AFFORDABLE.
BUT I REALLY THINK WE JUST KIND OF NEED TO FIGHT THE BULLET.
YOU KNOW, THE, THE SWITCHING AROUND OF THE LIMBER LOOP EXPANSIONS HELPED, BUT THAT JUST PUSHED THE PAIN OFF BY ONE YEAR.
I MEAN WE, WE MAY HAVE 2000 MORE TAXPAYERS IN 27 AND YAY.
I'M SURE WE WILL WITH SAMSUNG.
I MEAN, I'M SURE WE'LL, WELL THERE'S A LOT OF HOMES BEING BUILT.
AND SO, BUT YEAH, I, IF WE DON'T GET 'EM STARTED, YOU KNOW, AND ALL, ALL OF THESE, WELL, NOT ALL OF THEM, BUT MOST OF THE DEBT FOR THE TRANSPORTATION, THE DOLLAR AMOUNT OF THE DEBT, I MEAN, LOOKS TO BE ALREADY IN DESIGN.
SO, YOU KNOW, LET'S, LET'S MAKE 'EM HAPPEN IS KIND OF WHERE I'M AT.
LET'S EITHER BUY THE BULLET NOW OR BUY IT LATER.
AND MAYBE WE'LL HAVE MORE PEOPLE, BUT IT'LL COST MORE.
I'M NOT REAL BIG ON GAMBLING WITH OTHER PEOPLE'S MONEY.
I BETTER YET, MAYBE WE'LL HAVE MORE BUSINESSES AND IN INDUSTRIAL OFFSET.
MAYBE MAKE THEM HAVE GOOD DEVELOPER AGREEMENTS, INCENTIVES, MAYBE SKYBOX, PROLOGIS COMES IN AND SAYS, YEP, HERE WE GO.
YOU'RE, HERE'S ALL YOUR MONEY.
BUT WE GOT A PLAN AS IF THEY'RE GO, THEY'RE GOING BELLY UP
YEAH, BUT I MEAN, MY POINT IS IT TAKES WAY MORE RESIDENTIAL DEVELOPMENT
[03:20:02]
TO SUPPORT THE SAME LEVEL THAT A COMMERCIAL OR INDUSTRIAL DEVELOPMENT COULD SUPPORT.MOST CITIES CANNOT SURVIVE OFF OF BEDROOMS. ALRIGHT.
GO, GO LOOK AT WALNUT GROVE, CALIFORNIA.
SO ARE WE DONE OR DO WE NEED TO KEEP GOING RIGHT, BECAUSE I'M READY TO LEAVE.
MY BODY'S EXPIRING ON Y YOU NEED TO DO A PRIORITY THING OR I, I THINK WE'VE GOT THE PRIORITY, RIGHT? 'CAUSE WE DID OKAY.
YEAH, WE DID DO THE FLIP FLOP.
I THINK AS WE DISCUSSED, THEY NEED TO PROCEED.
I RECOMMEND WE LEAVE TRAFFIC AS IS.
GOD DON'T LEAVE TRAFFIC AS IS.
I THINK WE LEAVE PARKS AS IS AND THEN BUILDINGS AND FACILITIES WE LEAVE AS IS AND MAKE COUNCIL PICK WHICH ONES THEY WANT TO PUT.
CHERYL, CHERYL'S GOING GO THROUGH BIG SIGN OUT, LEAVE TRAFFIC ALONE TRAFFIC.
YOU KNOW WHAT? I'M GONNA INVEST IN SPIKE STRIPS.
WELL, I DON'T HEAR ANY OBJECTIONS.
THIS IS YOUR LAST NEED ON THE 26TH.
DON'T WE HAVE SOMETHING ON THE 26TH? ARE WE MEETING ON THE 26TH? I DON'T THINK WE'RE MEETING ON THE, THE 26TH.
I THINK WE'RE MEETING IN JULY.
WE'RE MEETING ON THE 26TH SATURDAY.
WHAT IS HAPPENING? THE 26TH? THAT'S WHAT TONY TRIED, TOLD ME.
JOIN SESSION WITH COUNCIL JUST TO GET THE RECOMMENDATION FOR THE UDC TO THEM.
IT'S A WORK, BUT IT IS YOUR LAST YES.
CAN WE TURN NAIL
IF I HEAR NO FURTHER OBJECTIONS, WE WILL ADJOURN AT 9:23 PM THANK YOU EVERYONE.