Miami City Council
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๐ AI Transcript
[00:06] We're called over the regular City Council meeting for March 21st, 2022.
[00:11] We have any public input.
[00:17] Consent agenda of the staff is asked to consider items four and five.
[00:30] Second.
[00:32] No hope.
[00:33] Hi.
[00:34] Davis.
[00:35] Hi.
[00:36] I.
[00:37] I.
[00:39] Number six.
[00:40] Budget amendment.
[00:41] Capital and permit projects.
[00:43] Deputy.
[00:44] The.
[00:46] The.
[00:47] Be of WDM.
[00:48] Commission.
[00:50] The.
[00:51] Mr. Mark.
[00:52] With COVID,
[00:54] The.
[00:56] I said,
[00:58] Oh,
[00:59] Sorry.
[01:01] Not having for multiple reasons.
[01:04] Now,
[01:05] We see in the county of Tanya,
[01:07] county where we're.
[01:09] We're putting the funds back for the exchange.
[01:12] 2020.
[01:15] 2020?
[01:17] He met fiscal year 19 and 20.
[01:19] 2020.
[01:20] 2020.
[01:21] I asked the same thing.
[01:23] 1920.
[01:24] But back a hundred thousand dollars.
[01:27] With interest, we paid off our street bill, but you're going to put him on that.
[01:30] Sorry.
[01:31] Can you find my key 20?
[01:32] Yes.
[01:33] We're going to put it back where it goes today.
[01:35] All right.
[01:36] One more.
[01:39] And question?
[01:41] Does this along with the city's still paying the county to do it?
[01:45] Yes.
[01:46] So we're moving all of that back and still paying the county for the work of the demolition.
[01:57] Yeah, because at this point we won't need to borrow the money from the rainy day fund
[02:02] to pay them for it.
[02:03] For one, they cost a significantly less than what was originally budget.
[02:09] And then also the revenue generated from the water usage at the county will help offset what
[02:17] we're paying the county to do the demolition.
[02:35] You're good.
[02:41] I can motion me through.
[02:42] Sorry.
[02:43] Is that time?
[02:45] Don't go.
[02:46] Hi.
[02:47] December.
[02:48] Hi.
[02:49] Davis.
[02:50] Hi.
[02:51] Did we want to go ahead?
[02:54] Any?
[02:55] Yeah.
[02:56] If we can reverse seven to eight, we'll need you in the middle and have our get.
[03:00] Yes, we need to get on the road as soon as they're done back to Oklahoma City.
[03:06] Number eight, discussion of general obligation bonds and other financing options for the city infrastructure projects.
[03:12] Mr. Allen Brooks, Nate Ellis, and Chris Gender.
[03:19] Council, this is just a continuation of the discussion and education that we started a couple
[03:25] meetings ago around the discussion of general obligation bonds.
[03:29] So we've been discussing with Mr. Brooks and his colleagues who've been educating ourselves
[03:36] in some council members on all the ends of the house and things that are going on in the
[03:42] state of Oklahoma and other communities of which they have worked that we could learn from.
[03:46] There does appear to be opportunity that the city of Miami has not taken advantage of,
[03:53] but there's just a lot to learn and make sure that we understand as we start looking at these.
[03:58] So that's why Mr. Allen Brooks is here to educate us even further.
[04:03] So I appreciate you being here tonight.
[04:05] Thank you very much.
[04:06] Again, my name is Allen Brooks.
[04:07] I'm a public finance lover at the Oklahoma City.
[04:10] I'm part of the data list.
[04:11] What do you mean over there?
[04:14] And there's Chris Gender with the UK.
[04:16] Securities is here as well.
[04:18] Our firm acts in the fastest, modern council.
[04:22] Chris is firm acts in the fastest financial advice with a way of explanation.
[04:27] We welcome these transactions.
[04:30] Effectively sitting on your side of the tank.
[04:34] By the city attorney and in special capacity.
[04:37] Apart from having the turn by relationship.
[04:39] In the city in this very public trust.
[04:42] Mr. Gender's firm.
[04:44] You have a question here in relationship.
[04:46] So really tonight we're going to ask you to give some kind of high level information.
[04:53] I think we need to get for the meeting of Mr. Davis.
[04:57] I need to go on council.
[05:01] We did the last water and sewer.
[05:04] I think it's been 2019 and 2020.
[05:07] As I understand it, the rest of you generally come on since that point of time.
[05:13] So what we want to do is give general information.
[05:16] We're going to be public finance.
[05:18] We're going to do a more specific information.
[05:21] Chris will talk about what potential general obligation.
[05:25] We'll talk about the situation.
[05:29] We'll talk a little bit about the debt.
[05:32] That's the awardee has outstanding currently.
[05:35] And what it might look like.
[05:37] Different debt levels.
[05:39] Additional cost of money.
[05:41] It might be.
[05:42] If you're in finance things.
[05:44] That's.
[05:47] That's the.
[05:49] That's the.
[05:51] I thought the first thing we might talk about is.
[05:55] What are your sources.
[05:58] We start.
[06:00] I have more money to give you the question and the same graph as how we can pay it back.
[06:05] As a city, you have utility revenues.
[06:09] You have more of a shoe mortgage.
[06:12] You know like the revenues, the services and that.
[06:15] You provide, you also have sales tax revenue.
[06:19] You have 3.65% outstanding sales tax.
[06:24] 3 of those pennies are permanent pennies.
[06:27] That's a donation bank.
[06:29] It's 20 plus years into the future.
[06:32] You also have more funding than 3.65% use tax.
[06:37] That's your record.
[06:40] Guys, those revenues, screens, will you take advantage of or have access to current?
[06:46] The main revenue stream that you have is that you have the ability
[06:52] of building under Oklahoma law, the Constitution statutes.
[06:56] That's simply the way for the issue of general obligation.
[07:00] The issue of unification bonds, those bonds are voted on by the public.
[07:08] Okay.
[07:09] That's really the only way you can access.
[07:14] That's the only way you can access.
[07:15] You have the only way you can do that.
[07:25] You can do that.
[07:27] You have the only way you can do that.
[07:30] You have the only way you can do that.
[07:37] That's your source of revenue.
[07:39] There are multiple types of applications that the state will pay itself to
[07:46] borrow or to generate funds to pay back.
[07:51] You have the revenue bond issues.
[07:55] Revenue bonds are publicly offered.
[07:58] They're sold.
[08:00] But under I heard that they're detained by the city.
[08:03] But folks have sold.
[08:04] They're purchased by the provider.
[08:06] We sold.
[08:07] They interest rate of revenue bonds.
[08:11] It's based on your credit rate.
[08:14] You can see the ability to pay the debt back.
[08:17] So a larger community typically has higher credit worthiness.
[08:24] No one is the general of small communities.
[08:29] Perhaps have a lesser credit rate.
[08:31] The market in the issue revenue bonds.
[08:34] It takes what that interest rate is when the bonds are sold.
[08:39] So revenue bonds are typically secured by a pledge of utility.
[08:46] And more sales tax revenue in your case.
[08:49] The city has two revenue bonds on standing.
[08:51] They will talk about that here in the middle.
[08:53] They're secured by all your utility revenue and all your sales tax revenue.
[09:01] of the bonds that stay in, where other bonds do not require an election, they typically
[09:07] would have a term of being paid off on a period of 30 years or less.
[09:12] And you, as you run your bonds, they offer you some compliance, you have to do the scariest
[09:18] and strange commission on the going, the information, the support of the annual basis, the
[09:25] company.
[09:26] So that's, that's the one vehicle that you can use to raise funds for projects and not on the
[09:33] banks.
[09:34] Similar to revenue bonds, you have a bank, I mean, it says a private place wants to
[09:39] bank that.
[09:40] Very, very similar, direct bonds, secure the same way, don't require an election, typically,
[09:48] but you should not have 15 to 20 year repay the term versus 30 banks or not, it's
[09:54] interested in providing fixed interest rate out as long.
[09:58] We get the less funds in less, less players on the transaction, tick, which in our things,
[10:04] less transaction calls, and we don't even have that requirement to deal with ongoing disclosure
[10:13] of students and exchange commission.
[10:17] First category, should take a significant advantage of what we call program financing.
[10:23] The open war resource of war to state agency, they have three separate loan programs, and
[10:29] you all currently have about 80 debt under each of those programs.
[10:33] At the end, same general revenue pledge a lot of times, water, and water, so regardless,
[10:39] of the revenue pledge, sales price, there are some advantages to those programs.
[10:46] They typically, these structures, a lot of credit, really pay interest as you grow up on.
[10:51] And we'll find nice scope, you can typically just do water, sewer, type of projects, because
[10:58] people will want resources to go for a grant.
[11:01] They can, you know, once a program is managing use, they can have some significant federal
[11:07] compliance requirements, environmental requirements, federal wage rates have to be paid
[11:13] up in search of this kind of thing.
[11:15] Maybe we can also typically get a subsidized interest rate, so it's just kind of another
[11:21] tool in your tool, in terms of how you might want to finance something.
[11:26] And then the last thing that we talked about is general obligation bonds.
[11:31] You know, I'm just going to get some high points, Chris, we'll talk about this in some ways,
[11:35] for geobod.
[11:36] The geobod is secured by everyone, actually, as it does require an election versus the other options.
[11:45] We've talked about, you have to be very specific in terms of the projects that you're going to ask
[11:52] the voters to print, unbyed, school elections, or require 60% voted distance.
[12:00] majority approval for the things that 99% of the things that the city
[12:05] edition geobons for and yet it gives you access to another source
[12:13] of revenue that you would have to make any other structure we've talked about.
[12:19] We've talked about general questions on what we've talked about and I just got so far.
[12:34] But when we make one more point, there's some, what I would purchase still a
[12:40] softball in the ways of reasons that you issue certain debt for certain things,
[12:46] but they're not legal requirements.
[12:48] We've met with these things, just part of this meeting we've talked about,
[12:53] just a bit, communities tend to reserve general obligation bonds
[13:00] to get paid back to that warm tax to fund things that don't produce revenue.
[13:06] I'm going to say to you, explain to you, there are things that are generally non-revening
[13:15] producing, you tend to reserve geobons or job obligation bonds to fund those since the
[13:21] ever warm tax will pay for it.
[13:24] On the other hand, you tend to fund ads, revenue producing ads, so that's okay,
[13:30] you tend to secure them with a revenue that is being produced by the assets.
[13:33] So if we do financing for your elected system, of course, it's a secure system,
[13:38] you tend to secure those with a revenue on the revenue that is being generated.
[13:44] And the worst I was talking about in your case, okay, you don't have to do that, all right?
[13:50] You can issue the weak point, you can issue geobons to fund elected system companies,
[13:56] you can use your utility revenues to pay for your streets.
[13:59] That's just generally not what communities.
[14:04] Okay, if you don't stop before, not legal, if that's kind of general,
[14:12] any questions on the revenue, the vehicles, what other people are doing?
[14:19] Okay, I'm going to let Chris talk about general obligation bonds.
[14:26] How would I have to go to the meeting, how much time we had?
[14:31] How about 30 minutes, then use 28, so I guess I get like a minute and a half.
[14:37] And thank you, 30 seconds.
[14:41] Close. We're going to go to this book here, and this is just specific for the Adelaide Pack,
[14:47] for the profit tax, and scenarios that have it rushed on.
[14:54] It's just in general information and just kind of talking about what we talk about in-
[15:00] in all of these, you can come up with a property package with what's in the middle, and
[15:03] basically you're figuring out what the need is for the city, and you take that divided by
[15:09] the valuation of all the property in town, and you get to the middle of the city, and so
[15:14] then you aggregate the school district, the county, and you get to the middle of the
[15:19] land.
[15:20] And that's what that first page is talking a little bit more specifically, it is $100,000
[15:25] per house.
[15:26] One middle is approximately $10 per year, and so for the town of Miami, one middle generates approximately
[15:37] $69,000 per year.
[15:40] So the one thing that we talked about prior is the not a way for you all to implement
[15:47] a set tax rate.
[15:48] Like you can say, I would pass a tax, a sales tax, which was like the quarter percent
[15:52] per penny.
[15:53] That's not the way property tax works, or say, you guys can't just say we want a no-leviate
[16:00] 15 mils.
[16:01] School districts, a tax kind of back to the whole group, like I just said, all of those have
[16:07] an operational no-leviate, and cities do not have an act, you know, most other states, they do.
[16:13] How operate, you know, they put it up on the note.
[16:15] So if you want to have any have more of a tax, brought in on the city side, you have to go out,
[16:23] get a vote, pass, authorize a certain dollar amount of bonds, and then they basically take
[16:28] that payment and divide it by that net assessed valuation of all the property, and set the
[16:34] list of the tax, let me, that way.
[16:37] So on the next page, it's just what's going to vote for when the most important number is what's
[16:43] the net assessed valuation.
[16:45] So in the kind of the left hand column there, you can see in 2000, the net assessed valuation
[16:51] was $38 million.
[16:52] We go down to 2021, it's now 65 million, so that's grown approximately 2.83% over this
[17:00] 20 year, just generally inflation inflation going up, and you can see we've kind of built that
[17:05] out into the future, expecting it to grow at another 2.8% of what we're dividing, so that's
[17:12] a service on the one point, one, 5D issue going forward.
[17:18] We're going on page 3, and this is kind of the baseline, we gave you a couple of other watersheds,
[17:22] but it's kind of a nice, nice, nice scenario, and since it's a, to manage that levee, and
[17:29] try to get a specific levee, what a lot of cities do, and certainly almost all school districts,
[17:36] is a issue of bond meets here.
[17:38] Here up here, you may not have an election every year, you might have an election every five years,
[17:42] but that gives you enough authorization to issue bonds year after year, and by doing that,
[17:46] you can hit a target levee.
[17:49] Otherwise, what happened is that you have this ever increasing net assessed valuation, inflation,
[17:54] and there's also a role in your issue in general, in your issue in general, once you have to
[17:59] have a level of principle.
[18:00] which means if you're going to car normally you paint a lot of interest at first and less
[18:07] principle and then it reverses if you pay that thing off and so you're very less paying your
[18:11] pay on this off principle. So the way it's with G.O.1 you're going to have a large payment and then
[18:19] a little bit smaller, a little bit smaller. You're always taking a ever decreasing number and dividing
[18:26] it by never increasing number. So that tax rate goes down and down and down and less you do those
[18:31] more on issues that you're going to show you both options. But the one in this book,
[18:37] what's the amount of our base pays? You're on that that takes four.
[18:45] Going across the top, we're just going to need the blue bar. That's 20, 20, 30 cents.
[18:51] And you issue a million dollar, a million fifty thousand dollar bar on a 20, 20, 30.
[18:56] And then you continue to the ride in 2024. This year another million fifty thousand,
[19:01] twenty five and a million fifty thousand. And you can see it starts going up a little bit of a
[19:05] million sixty five, then a million one forty million one forty million one seventy. And just continue on.
[19:11] So if you did that year after year and a ten year period, you'd issue eleven million four hundred
[19:18] thousand million ones. And so you go to the ride and like why are we doing that every year?
[19:22] This goes back to what I was talking about. You go to the very far ride. That's basically kind of
[19:27] what the rubber makes the pavement. That's where the tax rate is. That's what the levy would be. So if you
[19:33] see the first year, it's 5.7 a five point nine three, then that year, then fifteen point eight four. And
[19:38] basically we're able to average it out at that fifteen point five mils. I use this just generically. There's a
[19:45] lot of community around the state that that seems to be kind of a target they use for the tax rate
[19:50] of local cities, one, most other communities around the city that has that warm tax also kind of
[19:56] target that same number. So this has worked well if you want to do something like streets because
[20:02] I mean you can say we're going to pay a walk or three walks. And then actually pay another
[20:08] however many blocks. But it doesn't help you build a animal shelter or a fire station because you're
[20:14] going to get that million dollars each year for the next 10 years. So it kind of depends on the project
[20:21] I'm not even going to do it. So I'll pause there. I know I've got to kind of take a look at the laws. Any questions?
[20:31] The next page, this is just what your historic meal has been on the left column. So you see in 2000 it was
[20:39] three, four, six, seven. And that got as high as eight when it war. And that's because he had some little
[20:45] geobarms outstanding. That is also where if he had some judgments, he went on the rolls, he'd also see
[20:50] those here. And this is showing what it would look like if you kind of follow this scenario. In the last page
[20:58] they just sit.
[21:02] is all attacks in jurisdictions.
[21:05] So up at the top, you block the year to store it.
[21:09] And then down at the bottom, it would be projected.
[21:12] If you guys implemented kind of what we're showing here.
[21:15] So in 2000, with the city of Miami,
[21:19] it was at 3.67, school district at 44.83, counting 15.84,
[21:25] EMS district 3, vote 10.
[21:29] So the toll on Levy was 77.34.
[21:33] So you can go out 20 years to 2021.
[21:37] And you can see, city of Miami, now at zero,
[21:40] school district to 64.29.
[21:43] Most of the others have a change to a lot.
[21:45] But your overall Levy is 94.55.
[21:48] So you go to the right $100,000.
[21:52] We have $150,500, but on the $100,000 house,
[21:56] your tax has been $98,082.86.
[21:59] So if you jump down below and go to like 20.28,
[22:04] and that's where you're exactly 15.5 mills in this scenario,
[22:10] the toll property tax of $100,000, our house would be $1,000,
[22:14] $1,250 more per year.
[22:19] So that's the, hey, we do a bond issue each year.
[22:26] Trying to maintain that lot of the evacuation of bonds every year.
[22:30] So then, just first compare your purposes.
[22:34] You got two kind of long machines.
[22:37] But one, there's one that says 6 million,
[22:39] 15 year bond issue.
[22:41] And one that says $1,250.
[22:43] If you go across the top.
[22:45] So on this one, very similar to that page,
[22:48] that folded out that we looked at.
[22:50] But if you see in 23, there's 6 million,
[22:53] then 24, 0, 25, 0.
[22:56] So we're saying we're just going to do one bond issue in that very first year.
[23:00] And it's going to be for $60 million.
[23:02] So you're total debt service on that one bond issue.
[23:05] You float to the right all the way to the far right.
[23:09] And your first year is at 10.22.
[23:12] And then you see it starts going down.
[23:14] Once again, because your debt service payments are going down.
[23:17] And that net assessed valuation is going up the 3% per year.
[23:21] So then it's 8.53, 8.111.
[23:24] All the way down to the bottom.
[23:26] It's at 4.5.
[23:27] So that's the reason a lot of communities want to do that year after year,
[23:33] is so they can get to that rate.
[23:36] And talk to where you don't kind of have that shot.
[23:38] They're going up and going down.
[23:40] They're going back up, which is like giving this system.
[23:42] And they know what's expected year after year each year.
[23:47] So here, you know, you do this, drop by down to 4.5.
[23:51] It goes, you go one more year to go back to zero.
[23:54] And then you start to cycle over.
[23:56] I mean, you average 6.64.
[24:00] So, I mean, but it's, it's, it doesn't change people's noticing on the bill.
[24:04] So, 12 million same thing, just, if they're numbered, obviously we're double on the size.
[24:11] So, it goes to the right, that first year's 20.9, and 17.49, works his way down.
[24:18] So that last year, 8.8 sets, so that would average 13.61 bills.
[24:23] Once again, one bond issue, one time, you just let the tax plenty kind of be able to tax them.
[24:29] If there's no magic to say, it's for 12, you can get it today.
[24:33] This is more of an educational activity if you've got some exposure.
[24:39] I mean, you haven't done that deal bond issue in a long time.
[24:41] There's quite a few intricacies to, for take the way those tax levels hit.
[24:47] So, I just need to answer any questions.
[24:49] Ladies, we're going to talk about what you guys have, I'll say, in an afterwards again.
[24:55] You don't have any add-to-war times, or any geodes, but you've got some more of what that's a bond
[25:01] that she's not staying, because no one for the weather today is not.
[25:04] So, a quick question.
[25:05] How does these numbers compare to other communities in the home of the similar and size to us?
[25:13] I'm going to fair question.
[25:14] Yeah, it's fair question.
[25:15] And in a very useful place, you, we are certainly saying more and more communities.
[25:20] You get into, it's not uncommon to see a hundred, you saw the total mill levels, you're 90,
[25:31] something now, up above one of what it was four years ago.
[25:34] But it's not uncommon to see that at 120 or more of what it was.
[25:38] So, maybe you are certainly on the low side of part of all of the things that we're going to do.
[25:42] Where are we at?
[25:43] Are we on the low side of it?
[25:45] Yeah.
[25:46] And once again, I'm talking about the whole, because it's a city, you know, nobody can be lower than you,
[25:49] because you're a zebra.
[25:51] So, but as a whole, the adding the school district, accounting, you're going to be on the low land.
[25:56] Thanks.
[25:57] Yeah, you're.
[26:02] Just a touch on an extra point.
[26:04] When you issue G11s, the city has been a call and election, the election document is going to have to specify
[26:13] the projects in detail what's actually going to be done with those funds and how much of the
[26:18] the proceeds of those bond issues are going to be spent on each project if there's multiple projects within that.
[26:24] So, that's that's very defined on the front end before the election.
[26:28] You go before the voters, they're essentially voting on that ordinance to approve that list of projects in those amounts.
[26:34] And then if the election is passed, then you would go out and do it issue, again, depending on what the projects are.
[26:40] You might issue a series of bonds and you'll later you might issue a bunch of bonds up front to pay for a larger project.
[26:51] Okay.
[26:51] So, utility debt that you have through a special utilities authority, you've got an element.
[27:00] mentioned this already. You've got several obligations outstanding. You have a senior
[27:04] lean structure, where you have two bond issues that are outstanding, one was done in 2016
[27:10] and the lakes with street bonds that were done. And then also a state of project you've
[27:16] got, you've got a 0.65% sales tax that's specifically levied to pay that debt. And that's
[27:25] generating more right now than what's been paid in April that service on that. That sales
[27:30] tax is tied to that debt that debt is scheduled to pay off in 2046. And the tax hurts
[27:40] terms with expire once that debt goes away. You also have a 2018 bond issue that you did
[27:48] for some electric system improvements. Those bonds go out for another 11 years or
[27:55] so that debt service on that is a little less than 700,000. We've collectively looked at both
[28:05] of those obligations whether or not there's any refinancing opportunities right now, giving
[28:10] where rates are, relative to what the crepane of dates are on those debt. Right now, it doesn't
[28:16] make sense. It would lose your money to try and refinance those bonds issues right now. But we'll
[28:22] keep an eye on it over time. The main opportunity is in the future as you get closer to
[28:26] the complete pay-to-date dates. You also have a number of water resources board loans that
[28:33] I'll have mentioned. There's a series of them that you did in 2013 or in 2003 or in five.
[28:40] All of those are getting ready to pay off within the next couple of years. You're almost
[28:44] the end of the 20-year term that you did on each of those coal loans. You did three additional
[28:49] loans back in 2019 and 2020. You did a $4.5 million loan for race water improvements that's
[28:58] actually powered by an earlier review inspection agreement for that. That relates to those projects.
[29:08] Those go out. That had about 20-year term on it so it goes out to 20-40 million. You're a very,
[29:14] early stages and you really have it drawn out much in funds. That's okay because on that
[29:19] particular Berlin, you only pay interest on what you've actually drawn. So, once you start drawing
[29:25] the funds for the actual construction project, very soon here, then you'll start seeing interest
[29:31] occurring on it, but you have to crew a bunch. You have an accrued interest on four and a half
[29:34] million just sitting there for three years waiting for the project to get to the point where it's
[29:39] going. There was a million eight note that you did in the water board through its financial assistance
[29:45] on loan program. That was actually a refinance of some existing debt that you did for savings relating
[29:53] back to 2020 and 2000 fuel projects. That just has a little over a few times.
[30:00] I've got a year and a half left on that before it goes off, and then you have a 2.8 million
[30:05] dollar loan that you did through the drinking water program that's four water lines and a
[30:10] storage tank, and you're about halfway a little more than half way through that.
[30:14] You've drawn down almost a million and a half of that.
[30:17] You've got about a million, two left to draw on.
[30:19] So that project is a good way through as it stands right now.
[30:25] When you do utility debt, typically have some sort of utility rate covenant that you have
[30:32] to meet, what that means is a collateral that you've pledged, so in this case you're
[30:38] your net utility ring, so that you're gross revenues, less than a loss of operating the
[30:43] system, and then you also have sales tax that's pledged as some of these obligations
[30:49] as well.
[30:50] So those revenues have to be at least one and a quarter times the amount of debt
[30:56] service that you pay on a annual basis.
[30:59] And you want that cushion, when there's much to have that cushion, so that if there's ever
[31:04] a shortfall, it's not a situation where you can't make the debt service payment.
[31:11] You've got significant coverage relative to your debt service.
[31:16] So you're well in excess, over six times the revenue that's necessary to cover the debt
[31:23] service.
[31:24] So what that means is you have capacity to take on a additional debt service and be those coverage
[31:29] requirements.
[31:33] Your sales tax, if you know, it's been out of the last couple of years, fairly significant
[31:38] line, a lot of home communities are seeing some real sales tax growth through over the last
[31:42] couple of years.
[31:43] But you can sort something we would anticipate, your use tax revenues significantly up
[31:49] as well.
[31:51] The 3.65 percent sales tax total that I'll mention, again, you get the 3 permanent and then
[31:57] you've got the 0.65 that's tied to the specific, that specific bond issue from 2016.
[32:06] So we looked at just kind of as a hypothetical, if you did a bank placement financing to finance
[32:14] a range of potential projects, it might be things like electric system improvements
[32:21] that you need to do, it might be, it might be the fiber system improvements that you want to
[32:26] put in a fiber system, if you had, you know, water or sewer projects, meters, things like that,
[32:33] but it might be done these all, different examples of things that could potentially be done.
[32:39] If you looked at doing a 15-year term financing, we talked to a bank this morning that
[32:48] does a lot of these types of transactions just again, kind of an indicative idea of what
[32:53] would the rate look like today, it would be about a 3.2 percent fixed rate for 15 years.
[33:00] to three months or now it might be higher than that.
[33:03] A year ago, rates were quite a bit lower.
[33:06] Everybody's aware rates have tended to go up here in the last three or four months,
[33:11] and the trend appears to continue in that direction.
[33:14] But still, at this point, a 3.2% rate fixed for 15 years is still,
[33:20] that's a pretty low rate.
[33:22] When you look back over history of time, it's pretty good.
[33:27] So just using that, if you fund a $12 million project,
[33:32] your annual debt service for 15 years would be a little over a million dollars a year
[33:37] to finance a $12 million dollar project.
[33:39] If you looked at a $20 million dollar project, your debt service would be a little over $1.7 million
[33:45] per year at that rate.
[33:48] And if you did a $25 million dollar project, your annual debt service would be a little bit less than $2.2 million
[33:55] a million dollars on an annual basis for the 15 year term.
[33:59] Now, we're talking about the debt that you have right now,
[34:04] and you've got a maintain that debt coverage ratio of the $1.25 times.
[34:09] If you added a $25 million financing and 15 year term,
[34:14] your debt coverage would still be 3.6 million,
[34:18] so well in excess of that requirement.
[34:20] So again, you have the capacity for the deal with a million.
[34:24] If you had projects and you felt like that, that's the way to move forward with financing.
[34:30] So that's a lot of debt and it's really quick talks.
[34:36] So I'm happy.
[34:37] It's pretty close to something.
[34:43] So as we brainstorm through this, you either need a bucket ask over a given period of time,
[34:53] or you need an annualized asker from us,
[34:58] and then you'll figure out how to make that work the best.
[35:02] As it relates to General Lobby issues.
[35:05] That's right.
[35:06] And similarly, for utility debt, you might not want to issue $25 million dollars today,
[35:16] but you might identify a capital program over the next three to five years,
[35:21] and maybe plan for a series of issuance that's to address projects
[35:25] as you're ready to move forward with them.
[35:34] We're not here saying you should go bar $25 million.
[35:37] Okay, we're just providing you different scenarios,
[35:40] so you can see what the impact of those might be.
[35:43] And I think the thought is, is this kind of first bush,
[35:47] look at this, it's kind of food for thought,
[35:50] because you all talk and work sessions to go through this,
[35:54] and staff, and get where this weekend,
[35:56] to find numbers specific to the things that...
[35:59] I think it's a good idea.
[36:00] to say, this was just kind of high level starting point and having to find it as appropriate.
[36:08] As we pay these off, what happens to the money afterwards after they're paid off? Can we, Dave Ramsey it?
[36:19] Can we apply it to the other?
[36:24] That, each individual, that issuance may have its own particular charm of repayment.
[36:33] That's one of the things that you look at when you're evaluating the pros and cons of different finance and methods.
[36:40] You know, you may want to look at having repayment features in certain debt, if you think you're going to have extra funds.
[36:50] They're the flip side of that is very few communities that I've ever seen run out of capital projects that they need to do.
[36:59] So, more often than not, as one set of debt is falling off, you start looking to the next wave of projects that you need to help.
[37:08] I think it's questions fair, because you're looking at some things that are falling off.
[37:12] You mentioned a few things that are coming off in the next few years.
[37:15] Yeah, and without getting too much into the needs, you have some existing obligations that are falling off from the next three or four years.
[37:28] You actually structure, you frontloaded some of your principal on the clean water loan that you did in 2019, so that you kind of have this level of debt service right now.
[37:41] And you frontloaded some of that, so you're going to pay a big chunk of that clean water net off over about a year and a half or two years.
[37:50] Fuffling those older notes, expiring, and then it drops down to a lower level.
[37:56] Again, I think the contemplation there a couple years ago was, alright, let's try and move some of those boards and get paid down right now.
[38:04] Kind of like you're saying, but then let's leave some room out of the time because we know we're going to have more capital projects that we need to do in the future.
[38:12] And we have the ability to do this.
[38:15] For example, if you have debt that's falling off, we have the ability to structure new debt to kind of fill in, making the fur around short term to debt, but fill in those holes.
[38:26] So every dollar you borrow doesn't come on top of that journey out.
[38:30] In other words, if you go, it's to keep your aggregate debt as low as you can on a year by new places.
[38:37] So we have some ability to kind of structure on debt falling off.
[38:46] Kind of taking man's, I think, which is a, from push that debt there is a push to stack a moment off from.
[38:53] Thank you.
[39:06] any other question. Thank you all for coming. Thank you. Appreciate your time. Appreciate your time.
[39:16] You all be safe. You all be safe. A long trip back and it's continuing to rain the road to the west.
[39:37] Take care, guys. Thank you.
[39:39] Back to number seven, the presentation of the Geotech report for mail and overlay of the streets.
[39:51] Yes, sir. So if you remember, here in London, so we're going to actually be in the end of the group day before,
[39:56] for answering to go around as you send geotech work on some different streets.
[40:00] To see if we can do a mail overlay on that. So whenever we say no, and we're like,
[40:05] we have someone comes in, mail is off to each of the asphalt, and then places do asphalt on top of it.
[40:10] It's obviously substantial cost reduction. Then we go in and date them up and compure your asphalt and back.
[40:18] It's interesting, the number of calls I don't want to go down a rabbit ray.
[40:21] But the number of calls that their presence helped their growing in testing and sampling have brought about.
[40:30] Are they getting ready to fix my streets?
[40:33] If you don't want us to spend as substantial amount of money on the street until we have some geotech.
[40:38] Sure, sir.
[40:39] Some of our streets don't have anything.
[40:41] They've got a lot more money.
[40:45] John was John the time to tell everything.
[40:47] We'll talk about three typical streets.
[40:51] We went through and we talked about the boat, and we're all going to tie a little bit of it.
[40:55] I was just going to talk about kind of the three approaches we did.
[40:59] So one of them we did was like a mill and overlay.
[41:03] We're just a plain overlay with cans.
[41:05] It was in better shape.
[41:06] And then we talked about it.
[41:08] And I'll turn it where we might reclaim the street and try to save a little bit of money.
[41:13] So the first one I'll go through is on two streets northwest.
[41:18] And Robert, we quite a few of these just actually have to admit.
[41:26] We looked at each street northwest.
[41:28] The street was generally pretty good shape.
[41:31] A lot of times when the streets had curving out of the concrete curving out on the sides.
[41:36] We'll try to build a little bit more.
[41:38] So the milling handle like is a way to try to recreate the water before the right way.
[41:43] And then overlay the panel onto the add more strength to it.
[41:48] One thing we did talked about was when we did the milling to take off the cover up.
[41:53] Two inches.
[41:54] And we play asphalt back in.
[41:56] This time we were thinking about trying to handle these.
[42:00] fibers, if we add fibers, fibers just had a little bit more strength as an asshole.
[42:05] If we place an asshole going home together, it's the asshole dividing their part.
[42:10] An asshole, you get them to try and guess them.
[42:14] So, it has strength, but if you put these fibers in it, it'll kept up based fibers.
[42:19] They just hold the asshole together, and then when the cracks start to form, it holds tighter together.
[42:25] And if we keep the asshole tighter, it'll pull it along.
[42:29] So, we looked at East Street, and then about to curve together, it kind of goes from๏ฟฝ it.
[42:34] And on the circle, dry, that's what we're going to hear.
[42:37] I curve together, and then north of Arnid.
[42:40] We had that area was more just looked at the grass, and then the ditch on the side.
[43:06] So, we looked at doing that.
[43:07] So, I think that, I think that, I think that, I know, it was a costume I used to cost a little bit.
[43:12] But as recently as we can make it, we also looked at another one on East Street.
[43:17] And in north east, we were the truck routes going up, and then you go by the assisted living center.
[43:22] That road is in fairly decent shape, and it also has right over here, this is in wood.
[43:28] So, the public works is down here, and then we go to East Street.
[43:32] Or at East, the road is generally a lot better shape, and it's got water, and they will drain off through the side.
[43:38] So, we don't want to look at doing just that over right there.
[43:41] So, the work here, the key here is to then do it over right.
[43:44] And we're not really worried about the curve and gutter, because we don't have any group of people besides this raises the street up a little bit,
[43:50] which is no really over, we'll be fine.
[43:53] So, we looked at that street, and I think that's a good candidate.
[43:56] And then, one of the one we did besides trying to do the reconstruction was here on my mobile heart.
[44:03] So, this is one of the challenges we're trying to spread across this.
[44:10] It's okay if you want to just a straight, overlay, or rebuilding on the street.
[44:15] Once upon a time, what we did this time was we went and got certain that when we were doing the drilling, we went ahead and said,
[44:24] the asphalt, and tried to do something that might, well, might be able to do it.
[44:32] So, we took the ordinary asphalt, and in our machine, and we were grinding through to get to the soil, and they got to eat.
[44:40] But he said, what if we took this, and we added cement to cement water.
[44:46] And so, what we ended up doing, we tried three different scenarios.
[44:51] This is with a 3% cement.
[44:53] We just mixed a neat cement, a water cement ratio of 1.
[44:57] So, one for cement, and then we...
[45:00] will part of the weight in water and create a kind of a story, so you can see right here.
[45:05] It held together at some pieces, but some of them were just a piece of day off.
[45:10] Not a great spray.
[45:14] Then we ended up high-percent to that, and so we then we got a lot of other pieces.
[45:19] It was very, very high-green.
[45:21] But when we ended up 7% cement, in this we were, it was packed through the night.
[45:27] We talked to that earlier, just trying to put a lot of clutter in 25 pieces.
[45:32] We wrote this exactly, wrote it on the people I name a snack.
[45:37] So, I'm most aware of that, which is just, this is what it does.
[45:42] It allows, in fact, Robert, in 15 minutes, they know what's the up.
[45:49] You can add to all this work.
[45:52] But here, for the way here, two of them, we add to all that.
[45:55] So, we can't go over the big corner, and we add one of the first seven.
[45:58] I'll go see if you can just make it stuck to one of those.
[46:01] So, they can't go over how much we'll get, we can't go over the big corner.
[46:05] So, we try to do it, and just try it on the streets, and then we add it to the cement.
[46:13] It's 7%.
[46:14] We'll just give it a bit.
[46:15] It's fairly good spray.
[46:17] The streets that we kind of have to take are streets that are so...
[46:22] At this point, we have four drinks.
[46:26] I don't know.
[46:27] Once the movement gets wet, it's harder to keep calm.
[46:31] But we don't want to make sure that we're the best here, that for this one, we had looked at the rubbers,
[46:40] and we had to give them a kind of...
[46:42] We had two or three that gave up, but two of them were the exact same one.
[46:46] So, we had looked at this, because this one's right in the middle.
[46:49] We got water that can run in the middle.
[46:51] It's no carbon gutter.
[46:52] And I think the trash trucks will be able to run kind of more along the center of one street,
[46:57] because there's only one house I think that faces...
[47:00] This one right here, this is the only one that faces that once you get.
[47:03] The cross street, there's only five houses on the way around.
[47:07] But they all have an area where they can drain, and he can make it work.
[47:11] So, it just works where instead of doing the full reconstruction, we're trying to stretch the money,
[47:16] and use the asphalt that's already there to make sure the expensive kind of doing the work in place.
[47:22] And that's still doing it over like at the end, but it may be a little bit thinner.
[47:27] And this way, he doesn't have to take the asphalt, all of it to the public works.
[47:31] Take the dirt, all of it to the mortals.
[47:33] He's just, he cuts the stress to me about it.
[47:36] So, he wanted to reason to try it on a few streets to see it down here.
[47:39] So, we have some candidates.
[47:41] So, that's one of the big...
[47:42] My own bowl of art, and we had a couple of others, and we thought how to work with it.
[47:45] So, when you're talking about your mixed percentages,
[47:49] when you go over seven, does that become cost prohibitive?
[47:52] I'm assuming...
[47:53] It's kind of about seven percent in a good strength.
[47:57] You start playing too much tonight.
[48:00] maybe around 9% or 10% it might become kind of permanent it might be a little bit more
[48:06] straight but it might be harder for Robert McRue's to actually place it but it's a
[48:10] 7% was just a good starting point and I think it would actually depend on how it got
[48:18] placed in the field but 7% would be a good third in joint and go to the manuals the manuals
[48:23] 7% count works 7% we just tried to do something that we just said 3, 5, 7,
[48:30] let's see how it works and start and then based on real life when you're mixing it I
[48:34] would have said 7% might have been a better because it just impacts very well the other
[48:39] ones kind of compact dry look like we're short on water does this is this all based
[48:44] on specific atmospheric conditions like summer timers is spring or full grown
[48:48] on the summer you can place it you know this is a week version of concrete you know
[48:53] a concrete it's just your bigger rock you know smaller rock or sand water it's a
[48:58] man it's essentially we have the same mix it's just not it's not the real
[49:03] kind of people we still have bigger rock it's smaller rocks we have water cement we're
[49:08] just trying to make the roads stronger and again if this was more residential traffic
[49:13] and maybe at the trash trucks in the alley or something like that we'll run down the
[49:17] middle I think this would last a long time the challenge will be how to get this to work
[49:21] and just and then that's why doing the pilot desk on a few streets to see kind of the trash
[49:25] trucks work when you're working on the side you know and they're doing the side arm and
[49:29] they're lifting a lot of streets are kind of you know built up so much that when you write
[49:35] all the side you're trucks kind of running all the way up one side you know when you run on
[49:39] on a huge ankle problem structure so we have to take the streets that we can do and then
[49:46] if there were you could possibly you a little bit more but I think this would be you know
[49:50] streets of a little bit more conducive to the work and but this would just be areas that
[49:55] maybe could help save some so what would be so what would be this process of mixing that
[50:00] step together like one week we go ahead and do a recline so that I think the city you
[50:06] should have a miller of reclaning so you go to a mill and it wouldn't have to be like
[50:10] milling like you normally do that you know milling you're trying to get your exact
[50:14] job right you're you're getting all the part of these is really really fine it would be
[50:18] essentially just breaking up the hassle to be in this you know gravel size pieces and let the
[50:23] cement do the whole thing yeah so but when you're mixing the cement with the mill I mean you can
[50:28] isn't going to be like the bow mag machine yeah and you want to do that and you want to do that
[50:33] right in the machine and you're mixing it well what we're doing is trying to do this with the equipment
[50:39] the city getting the ranch or the used to have a miller machine you go through makes the
[50:43] asphalt as an aggregate I mean the base and just get enough for that and then you've got that all
[50:49] mixed up and then the rubber may have to take a little bit off just because it's good the street
[50:55] need a little bit too high already and then get with the concrete company and then
[51:00] it, you know, like a water-sman ratio of water. So it faces cement and water. And then we would
[51:04] calculate, okay, I need to get this truck into so many feet of the milling. And then it would
[51:10] place it, we would shoot. And then let him mix this up again with the milling. And then it would
[51:16] do like every kind of water. But instead of doing it all at one time, we're dropping this
[51:21] man in the water. You know, that's another piece of equipment that you don't have. But you do
[51:25] have to reclaim water in the milling. And then you do have this already, get the, the ready mix
[51:30] is give you a water-sman ratio more. And then we would use this sheet to shoot. And if a little
[51:34] bit of trial in there to get the right amount of cement, you got to get the right amount
[51:38] of cement and the right amount of cement and the right amount of the pavement. And then mix it again.
[51:42] And then use your smooth drum over the track. And then about two, three days later, just like you
[51:46] have to do, joints in concrete to keep it cracking. You got to take the smooth drum two, three days later
[51:52] once it starts to sit up. And then you just get the trial and error and you just watch it
[51:56] until you get some cracks to form. So let the cracks occur. You know, you build a concrete
[52:01] structure. You just have to get the cracks in. And that's the way to get it to the smooth drum.
[52:07] And then, then yes, you got to let it kind of pure needed. You know, ideally, there's some time
[52:11] when you get enough water on it, so you may have to use the water starter to keep it more. And
[52:18] then once we got that, then we did not peel it. So this will be one, you just have to try it
[52:30] and then hopefully on the small and low density street, we'll not have a lot of through traffic
[52:34] to see how it works. But I think the design vehicles that crashed, they can, you take in work
[52:39] with a trash truck, they can work. Not every street would be able to can it work. Some of these
[52:43] the curves are already torn too much of the water. Just doesn't warn her. And those would be
[52:47] wonderful if you probably wouldn't want to do that.
[52:51] So then you're right there, Tyler, don't flood.
[52:55] So that's what that was the other thing we talked about.
[52:57] We want to find somebody that would have flooding over in the, both sides of my mobile
[53:02] board flood, Northwestern Northeast, both of the flood bad.
[53:05] So we talked about that. We had to approve that at the same time.
[53:11] It just, we didn't want to have like, where an area would just do why it floods. But the water,
[53:18] grain off that it goes to an area where it's already flooded, dirt's coming up through the asphalt
[53:23] and things like that. This would work for it all the time.
[53:27] Have you tried this anywhere? Have you tried this application anywhere?
[53:31] No, we have tried to move a call with just normal life, but not with the asphalt and the wrong place.
[53:38] That's where it was kind of, we've done this before and just like, hey, I wonder if that might
[53:43] I could do this so that you could not have to haul everything off and just kind of handle it again.
[53:49] So again, I think we talked about it in the 2013 and 2014 and we kind of managed to expand it
[53:55] that idea because, you know, every city was trying to stretch across this way.
[54:00] And so, this is kind of unique to you.
[54:04] So I don't know anybody else is going on.
[54:07] I know they're doing it, but not in place.
[54:11] So I think this would be, before we did a stream with that,
[54:14] I'd like to see it down in my parking lot out back.
[54:19] I can drive a trash truck, I'm gonna down it all day.
[54:22] You know what I mean?
[54:23] Yeah.
[54:24] Like a strip.
[54:25] You can just do it in the parking lot.
[54:26] Yeah.
[54:27] That's a math goal.
[54:28] Yeah.
[54:29] Because if you go on the street and then don't work,
[54:32] and then you get it down in the year later,
[54:34] it's where someone was covered in.
[54:36] I mean, it's a lot of money wasted.
[54:38] Because I'm real scared to go about it.
[54:41] I'm in a place that I know it's got.
[54:43] I'm creating a bike that she would have.
[54:45] I mean, I've worked on a lot of people.
[54:46] That must have been a lot of work.
[54:47] That's not what I wanted to work with.
[54:49] I want to find somewhere on a QC.
[54:50] That's got a little bit as well.
[54:52] And maybe a little bit of a red rear red rear one,
[54:54] and five in my under it.
[54:57] You only, I would slip up there.
[54:58] I'm like, in mind you, this is just a, I mean,
[55:01] this is just a, we're trying to stretch our dollar.
[55:03] No, yeah.
[55:04] I mean, where can that be great?
[55:06] I mean, we're talking about the fiber and asphalt,
[55:08] which is really cool.
[55:09] I mean, if you guys have done that,
[55:10] we're going to do it in our own, our own parking lot.
[55:13] So they have done that.
[55:14] I mean, you talked about you did it by the time I'm drive them all.
[55:17] I mean, I don't know if you were to drop them all.
[55:20] I've done them.
[55:21] So they've been here in the collapse.
[55:23] Like, they're all the concrete.
[55:24] Well, that was five percent.
[55:27] You, you were amazing.
[55:29] You'd see that they get dropped, they probably dropped three inches
[55:33] the first time, and then I'd go by every month or so.
[55:36] I'd go by, and sometimes you can actually see that I knew
[55:39] the asphalt would drop even more.
[55:41] But you looked around the edge.
[55:43] You didn't see her in the aircraft.
[55:45] That asphalt was self-natured, as well as the fire.
[55:49] Now, the asphalt that didn't have the fire was,
[55:50] it opened up, probably, in some empty inches.
[55:53] But the fire was, now you saw a lot of small fire,
[55:56] you saw a lot of small cracks, very tight.
[55:58] So if you could add all those cracks, it probably wasn't an inch in that.
[56:01] But it was just a little bit very small areas.
[56:04] It was a very tight.
[56:06] When I saw that, that's why we did our own parking lot
[56:08] and job in the same way.
[56:11] And it's a little bit more difficult.
[56:13] But that's the fire of the toilet.
[56:14] But I agree very much with it.
[56:15] And we would think about, just, where can we do this?
[56:19] Well, we don't have much impact, and we can get some tests.
[56:21] And then maybe even with that, well, all the trash trucks,
[56:27] maybe a small section there where this is going to get a lot of traffic,
[56:30] and you can see how that handles.
[56:34] And with some interesting things that people don't know about,
[56:37] I mean, Harvard only has drinks in the last boat.
[56:38] And I mean, you got the Harvard and whatever it does.
[56:41] That he doesn't believe in this.
[56:43] And I don't know where the road has five inches of the last boat on this.
[56:46] John, I love Tom Creep.
[56:48] I mean, look at that thing at last the long time.
[56:51] John made a point today about when I had the most of our concrete old concrete
[56:55] streets are only four inches thick, you know, which isn't what the sidewalk
[56:58] on the lane or the driveway.
[57:00] So, I mean, you know, like I'm long, I wasn't able to tell that, so I'm sure all of that.
[57:05] Park Heights has been concrete for the last 40 years, and it's still there.
[57:10] Yeah.
[57:11] Yeah, I think the old members knew that's the way they go.
[57:14] At some point, the concrete cost got up, and the asphalt was just a lower cost option now.
[57:21] Yes, right.
[57:22] It's been so high.
[57:23] I think there's gotta be, you know, we'll just start going into another,
[57:27] but then this, I mean, you might, your concrete might be comparable to that.
[57:31] So, you're a fuller income shark to the asphalt streets.
[57:34] Yeah.
[57:35] Question of costs a lot.
[57:42] But essentially, that was just trying to stress cities.
[57:45] I had a lot of problems with this.
[57:47] Looking at different creative ways to make the most out of the, you know, really fun.
[57:53] And if you go through the board, it takes some good streets from now on.
[57:58] I don't know.
[57:59] You know, you know, he streets out of us with another, you know,
[58:02] they talk about, you know, basically a little bad,
[58:04] walking that we're drainage, but then, you know, that's the thing.
[58:07] So we got to, we got to pamphlet her, some of them you guys with,
[58:11] Yeah.
[58:13] We're like, in our pocket.
[58:14] We're going to get an update in packet.
[58:17] What's cost?
[58:20] And then, what they're finding is work when they did all the drilling.
[58:23] Yes, it should be in your packet.
[58:25] This should be in your pocket.
[58:26] It should be in your pocket.
[58:27] Okay.
[58:28] It's a little bit of a lot to go through.
[58:30] Yeah.
[58:31] Street by street.
[58:32] There's an hour, now.
[58:33] We'll set 100.
[58:34] We'll set 100.
[58:35] Yeah.
[58:36] We'll be.
[58:37] Oh, we'll.
[58:38] Yeah.
[58:39] They want to go through with John 9 or Auburn Rower.
[58:41] You know, I love this stuff.
[58:43] I mean, I love streets.
[58:45] I'm doing things like that.
[58:46] Thank you.
[58:47] Thank you.
[58:48] Sure.
[59:01] Thank you.
[59:02] Thank you, sir.
[59:03] Thank you, sir.
[59:04] Thank you.
[59:05] Thank you.
[59:14] Number nine, action item, memorandum of understanding for the 2022 Auto Accounting Farmers Marker.
[59:27] Mr. Jessica.
[59:28] You know, I like Mr. David said that we're here to 50,000.
[59:33] Two thousand points is one of you approved for the Auto Accounting Farmers Marker.
[59:37] Just kind of want to highlight two things here.
[59:40] The Auto Accounting Farmers Marker provides a weekly farmer's market for runs made through September.
[59:46] In 2021 farmers market moved to the Expo Building.
[59:51] During that year, they donated two industrial sized fans.
[59:56] We installed an Expo Building.
[60:00] Not only was it just an awesome addition to the actual building for the farmers market, but it's been great for anything that we've had in their census.
[60:10] It's been really excellent, especially for like the fairs, you know.
[60:16] The farmers market last year was on increase in the vendors and shoppers almost double.
[60:28] I think due to its location, but also, you know, some of the upgrades that we get to it.
[60:36] We saw those users that snap and DUO.
[60:43] They, those increased up to 166% and which is really beneficial for those who used those type of purchasing.
[60:54] And hopefully, they're using their buying better quality than you'd see in the gas station.
[61:00] So hopefully they're increasing the amount of time.
[61:04] This event, having this event, the fairgrounds, also house vendors, the opportunity to keep their booth set up as well as provide access to the engineers from both them and community.
[61:16] I know talking to them, that was a huge increase for them that allows the vendors to set up and leave them for the week.
[61:24] So they don't have to tear it down, it's just added time for them.
[61:27] And then I think it's also increasing vendors to want to come here, due to that.
[61:32] The safety note that there's stuff to be there and it must be armed.
[61:38] You know, overall, the farmers market hasn't met a great addition.
[61:42] It's partnership.
[61:44] I think has worked out great for both of us.
[61:46] So without any questions, we recommend the approval for this amendment.
[61:52] Make a motion.
[61:54] We approve.
[61:55] I thought that touched on something.
[61:56] Oh, okay.
[61:58] You already had me.
[61:59] We do a recap at the end of every year with the trial and elsewhere and the farmers market.
[62:08] And they give us a little cheat sheet.
[62:11] They had over 6400 big left-hand this year.
[62:14] But since it's moved out there, 320 average attendance, 13 vendors estimated revenues, 76,500, 75 dollars.
[62:26] They do so much more than just the fresh farmers market.
[62:29] They offer code for code vaccinations, fresh produce, baskets, something gang away.
[62:35] Tons and tons of food.
[62:37] I'd love to just send you this recap just for your reference and what they provide out there.
[62:42] And I'll get that out there.
[62:44] So it's not just what they do for themselves.
[62:48] They do for us to do it for community.
[62:51] They never go on a library.
[62:52] It wasn't all.
[62:53] So there's so many more organizations than just people going out there and buying fresh produce.
[63:00] Great for us and then let's try it long term relationship.
[63:04] Now we're open to those individuals who live in the Promised Market.
[63:07] Also have ideas.
[63:08] Actually we have a wedding and we have prom.
[63:11] I mean that expo has huge potential for our teachers.
[63:15] Well now that you say a lot, I don't know.
[63:20] I'm going to come up with a week of pre-second.
[63:24] All right.
[63:27] So cool.
[63:28] Hi.
[63:29] Sunberg.
[63:30] Hey, this.
[63:31] Hi.
[63:33] Number 10, action item.
[63:35] Ordnance 222-04.
[63:38] And join our agreement.
[63:41] Commending the city of Miami, CMO, plan adopting.
[63:44] The revised and restated.
[63:46] Okay, MRF, Master Define, contribution, retirement plan.
[63:51] It's a mouthful.
[63:52] It is a lot.
[63:53] So basically what this is just in the housekeeping item.
[63:57] Every six years, okay, MRF has to go through.
[64:01] They have to follow us.
[64:02] It's your following cycle to be pre-pre-pre-pre their plans through the IRS.
[64:09] And since we're a member of the OK MRF, once I get it approved through the IRS,
[64:15] then they have to run on it and then approve it.
[64:19] And then they have to send you out to all of their members to it, also.
[64:24] So it's just to keep us in compliance with the IRS.
[64:29] Cool.
[64:30] And there is a skirmers there on the agenda.
[64:33] It should read 2022-04.
[64:37] Any other questions?
[64:51] There's no money at all.
[64:53] Wait.
[64:54] It's just, it's just, it's just, it's fine.
[64:55] Thank you.
[64:56] Motion to approve.
[64:57] Thank you.
[64:58] Hey, this is so cool.
[65:00] Hi.
[65:01] Sunberg.
[65:02] Nice to meet you.
[65:04] Number 11, mental health awareness training.
[65:08] For my my public library staff.
[65:10] That's what I'm saying.
[65:12] I'll say anything about it.
[65:13] Well, I think you've got this, but the call is here to talk about this.
[65:17] I have a really great deal.
[65:18] It's mental health training.
[65:19] I know they're inside of that.
[65:21] The library is for everybody.
[65:23] And we have a wide variety of people to come into the library.
[65:28] Mental health is something that a lot of people are struggling with these days
[65:34] with jobs, homes, inflation, COVID, all kinds of things.
[65:40] So it's all kinds of issues that arise that we deal with at the library.
[65:45] Homelessness, often times.
[65:48] We don't have any type of policy in place or how to handle.
[65:52] Somebody comes in and they're having like a crisis or something like that.
[65:57] I mean, not the only way to determine break up.
[66:00] last on our front door. They would have been really quick. I mean maybe if we could have
[66:05] seen that he was agitated or not want to do beforehand. I mean we just ended up having
[66:10] to call the police in because he walked out and kicked the front door the glass broke. He picked
[66:14] some stuff up, threw it around. We have no plan or policy or how to handle anything like that.
[66:22] So, luckily one of our libraries staff, Sonny R. Team librarian, has joined up with
[66:28] the Motox Healing House and so they came into the presentation as they're offering free mental
[66:35] health awareness training. So, we are going to know out there all of our staff. They're
[66:40] going to help us create a policy that they're going to teach us about how to recognize
[66:45] the signs of mental illness or crisis. I actually have Pamela Thompson here from the
[66:51] newlyweds and have any questions about the program. They also are going to help us kind of
[66:59] link up with other places so we can recommend these people or further out so we can. There's
[67:04] often times like we have during our warming station we had almost people but we didn't know where to
[67:09] send them when we closed the night and they're just sitting out on our front steps because they didn't
[67:14] have anywhere to go. And so this is going to kind of help us create those relationships in the community.
[67:21] And then we can all live together to help these people. I hope there's some resources we don't know about.
[67:36] I mean, I didn't even know what they were or what they did. So, she came in and talked to us. So,
[67:43] she's not something that doesn't stop because she's going to give you guys the grant tells them a little
[67:47] bit more about what they do. Okay. So, my name is Pamela Thompson. I work with the Motox Nation and we work
[67:57] with the federal grant that we're working to prevent suicide here in Ottawa County. We are also
[68:04] working with Lexus Williams who also works for the same organization and she has this mental health awareness
[68:11] training. She and Jordan Dry, who are my resource coordinator and my other colleague, we're able to
[68:17] come tonight. But what we want to do is we want to provide this to anyone in the community. We've just started
[68:23] out. We're only in our second year of our grant. We have a five year grant and we're just really kind
[68:28] of getting our feet on the ground. COVID is really kind of set us back. And so, we're finally able to get
[68:33] out in the community and help people. We've been working with forces to help from backster springs. They
[68:38] come down. We have Charlie Cheeks Ranch out by Farland and Miami. And we've been working with children
[68:44] in the community and young adults to get them out to do be quite assisted mental health services.
[68:49] Now we want to start training our adults and our youth, our community members and all of our staff.
[68:56] We've been working with the Miami Public Schools and we've been working with the Miami Public Schools and we've
[69:00] but working with blind dot schools, anybody and everybody,
[69:04] that's who we want to have, so anything we can do,
[69:07] we are also providing for the library
[69:10] to come out to hope for a answer for the day,
[69:12] so they can have a little break, they need a little break,
[69:15] just like everyone else that's now stuck in the audience.
[69:17] So we're going to have the amount of a Friday
[69:20] and do their training, it's all free of charge.
[69:23] So anything that we can do to help out
[69:25] in communities that we like to do,
[69:27] so thank you for your time.
[69:28] Is there any other tribes that's doing this also?
[69:31] I know that the Quapas did have a grant
[69:34] that they weren't working under,
[69:35] but I believe it's about to expire,
[69:37] have some stuff they were doing in the five year grant.
[69:40] It's due to native connections.
[69:42] Is Eastern Choney not doing something of that?
[69:44] I'm not aware of that.
[69:46] Because I know they was doing a lot of equipment.
[69:48] I know, they kind of come and go, so I'm working.
[69:50] OK, thank you.
[69:51] This is a tribal system, like it's open now.
[69:54] I think it's a community community.
[69:56] And I think this is also getting training going for first responders.
[70:01] So there will be something specific to those jobs coming up soon, too.
[70:07] And so I mean, if then something that's open to other departments,
[70:10] I'd like to do it as well.
[70:13] And also part of our grants is putting together resource rights.
[70:16] So we've all been working on that through the healing house.
[70:19] There's like three different grants that also
[70:21] have that requirement to put together a really good resource
[70:25] guide.
[70:26] So we've all been working on that.
[70:28] It's clear that people are much more on the edge of an explosion than ever before.
[70:33] Most definitely.
[70:34] And the instance is to decide the same place in law preservation.
[70:38] I know we as an all course might have to have like two hours mental health training every year.
[70:43] I mean, and sometimes I don't think that's probably enough.
[70:47] Oh, I'm sure that it needs to be updated just because there's so much that's changed.
[70:51] Just in the past few years.
[70:53] Right.
[70:54] Thank you.
[70:55] Thank you.
[70:56] Thank you.
[70:57] Thank you.
[70:58] Thank you.
[70:59] Number 12.
[71:00] Other new business has a reason since the post unit is agenda staff reports are in our package.
[71:20] Mayor and communities are in mayor and council community in the house.
[71:30] I'd like to echo Brian.
[71:32] I've got one more department meeting.
[71:35] And it is clear that our department heads are engaged and as a rule, I won't paint
[71:47] use too big a brush.
[71:48] As a rule, they are appreciative of our level of engagement.
[71:53] Sometimes they give them a little more than they want, but that's okay.
[71:57] And it's been enlightening.
[72:00] encouraging to spend time with the Department of Health and some of their managers and
[72:07] progress is being made.
[72:11] There's a significant amount of momentum right now in the city and it's fun to watch.
[72:19] I also think it's interesting having spoken with, I think I'm done now, right?
[72:24] From finished, I made it to the gambit.
[72:28] Just thinking about the various leadership, this team has went through over the years and how
[72:34] they've reacted and had been floated with that leadership.
[72:38] Interesting that they've stayed such a tight knit group.
[72:41] You think about a football team and loses a coach every couple of years and they struggle.
[72:47] Maybe then they get their feedback on, or it seems like this team just kind of stayed together.
[72:52] Continue to just thrive, so proud to be a part of it.
[72:56] And they've had some serious personality changes to do with it.
[73:00] I wasn't going to go there.
[73:02] I will.
[73:03] That's all right.
[73:04] I wasn't there.
[73:05] Press have gotten excited.
[73:08] City managers are communications.
[73:14] I do not have anything that's lifted tonight given the late hour and the items that we have left
[73:19] on our agenda.
[73:20] I am happy to defer the festive but time to you also.
[73:23] The meeting will be a continued from council chamber, some reconvained and the staff
[73:29] grounds for purposes of executive session.