1 00:00:00,000 --> 00:00:20,420 Good evening and a late to welcome everyone into our meeting this evening. I hope that you and your family, friends and neighbors are staying safe and helping each other out as best as you can. We will now begin the Monday May 4, 2020 meeting of the city commission. Thank you. 2 00:00:24,550 --> 00:00:33,450 Thank you. Before we start our reminder during the public hearing and public input portions of the meeting attendees will be allowed to speak by using the razor hand feature. 3 00:00:33,450 --> 00:00:38,070 If you join the meeting by phone, you'll raise your hand by pressing star 9. 4 00:00:38,530 --> 00:00:41,210 If you join by computer, tablet, zoom out. 5 00:00:41,490 --> 00:00:45,530 You'll raise your hand by clicking on the raised hand icon at the bottom of your screen. 6 00:00:47,150 --> 00:00:53,310 So the May 4, 2020 meeting will come to order and we'll start with roll call. 7 00:00:53,310 --> 00:00:55,210 questioner 8 00:00:57,220 --> 00:00:57,740 DACA? 9 00:00:57,820 --> 00:00:58,380 Here? 10 00:00:59,740 --> 00:01:00,740 Here? 11 00:01:01,360 --> 00:01:01,760 Runner? 12 00:01:02,440 --> 00:01:02,640 Here? 13 00:01:03,220 --> 00:01:03,800 Heliger? 14 00:01:04,460 --> 00:01:04,860 Here? 15 00:01:05,680 --> 00:01:06,340 Drawer? 16 00:01:06,800 --> 00:01:07,580 Here? 17 00:01:08,040 --> 00:01:09,260 Does Magin? 18 00:01:10,120 --> 00:01:10,460 Here? 19 00:01:10,960 --> 00:01:11,840 Cummins? 20 00:01:12,380 --> 00:01:12,720 Here? 21 00:01:13,200 --> 00:01:13,740 Morris? 22 00:01:14,360 --> 00:01:15,100 Here. 23 00:01:15,560 --> 00:01:16,460 Madam Mayor. 24 00:01:17,280 --> 00:01:18,000 Present. 25 00:01:31,110 --> 00:01:37,130 Next are items on tonight's consent agenda, which will be minutes, city commission minutes, 26 00:01:37,130 --> 00:01:40,670 for 6.20 and 4.20.20 recommendation approved. 27 00:01:41,430 --> 00:01:48,370 Accounts and claims, city manager presenting accounts and claims in the amount of $717,498.45 28 00:01:48,370 --> 00:01:57,830 in investments in wire transfers in the amount of $1,120,826.77 for $27,220. 29 00:01:57,830 --> 00:02:05,170 In accounts and claims in the amount of $222,960.21 in investments in wire transfers in the 30 00:02:05,170 --> 00:02:11,750 amount of $2 million, $400,000, $386.46 by a 420 recommendation approved. 31 00:02:12,730 --> 00:02:21,330 Parallel City Manager presenting payroll in the amount of $918,281.69 for a 3020 recommendation approved. 32 00:02:22,710 --> 00:02:28,330 Reports of Officers 1, City Manager recommending 1-year renewal agreement with Michigan Municipal 33 00:02:28,330 --> 00:02:33,450 Risk Management Authority, Livonia Michigan, for the City's self insurance and risk management 34 00:02:33,450 --> 00:02:44,830 services in the amount of $508,690 less than that asset distribution of $461,883 for a total premium 35 00:02:44,830 --> 00:02:54,290 amount of $120,120,807 plus $250,000 last fund payment recommendation approve. 36 00:02:55,390 --> 00:03:01,710 Number two, commission is a whole resolution recommending contract number 2020-0283 37 00:03:01,710 --> 00:03:14,130 with Michigan Department of Transportation to secure an engineering consultant for the runway rehabilitation surface treatment project at the estimated city's portion of $1,750 recommendation approve. 38 00:03:14,810 --> 00:03:26,250 And number three, commission is the whole resolution, pledging limited tax full faith and credit in support of Brownfield authority tax increment refinding bonds recommendation approves. 39 00:03:31,630 --> 00:03:35,090 Do any members of the commission wish to make a change to the consent agenda? 40 00:03:40,930 --> 00:03:44,290 Seeing none, is there a motion to allow public input on the consent agenda? 41 00:03:47,820 --> 00:03:48,620 Commissioner Dacquick. 42 00:03:49,020 --> 00:03:51,200 Move to allow for public input on the consent agenda. 43 00:03:51,840 --> 00:03:52,240 Thank you. 44 00:03:52,980 --> 00:03:57,300 If anyone listening wishes to have an item removed from the consent agenda, please use the 45 00:03:57,300 --> 00:03:58,120 raise your hand feature. 46 00:03:58,440 --> 00:04:01,720 Once called upon, please state your name and address for the record and the item you wish 47 00:04:01,720 --> 00:04:03,580 to have considered on the regular agenda. 48 00:04:14,710 --> 00:04:15,190 Hello, everyone. 49 00:04:15,230 --> 00:04:18,310 Alex, do we have a nickname, South Area resolution three please. 50 00:04:18,310 --> 00:04:20,840 Thank you. 51 00:04:24,800 --> 00:04:26,000 Anybody else? 52 00:04:29,840 --> 00:04:34,780 Seeing none? Is there a motion? I'll make consent agenda. 53 00:04:38,910 --> 00:04:43,930 Commissioner Dacquet. Move to approve the consent agenda. Thank you. 54 00:04:48,930 --> 00:04:52,190 So roll call on the approval. Commissioner Dacquet. Yes. 55 00:04:52,190 --> 00:04:52,310 Yes. 56 00:04:52,530 --> 00:04:53,130 Riva? 57 00:04:53,550 --> 00:04:54,030 Yes. 58 00:04:54,610 --> 00:04:54,930 Runner? 59 00:04:55,530 --> 00:04:55,890 Yes. 60 00:04:56,390 --> 00:04:57,230 Hillary Kerr? 61 00:04:57,410 --> 00:04:58,050 Yes. 62 00:04:58,670 --> 00:04:59,170 Gerard? 63 00:05:00,020 --> 00:05:00,470 Yes. 64 00:05:01,190 --> 00:05:02,010 Ms. Magia? 65 00:05:02,490 --> 00:05:03,150 Yes. 66 00:05:03,850 --> 00:05:04,350 Clements? 67 00:05:04,890 --> 00:05:05,430 Yes. 68 00:05:06,190 --> 00:05:06,790 Morris. 69 00:05:07,650 --> 00:05:08,090 Yes. 70 00:05:08,990 --> 00:05:09,270 Yes. 71 00:05:15,300 --> 00:05:15,420 Okay. 72 00:05:15,520 --> 00:05:17,020 The next door business is presentations. 73 00:05:17,820 --> 00:05:24,080 This evening we have a presentation regarding the 2021 drinking water revolving fund projects. 74 00:05:25,560 --> 00:05:32,720 plan by Mr. Marty Jerse. If you give us one second, we're going to start sharing his slides. 75 00:05:34,930 --> 00:05:35,570 Hey, and Marty. 76 00:05:36,670 --> 00:05:37,710 Good evening, everybody. 77 00:05:39,290 --> 00:05:42,710 Hold on one second. I can barely hear you, Marty. Can you try again? 78 00:05:43,290 --> 00:05:43,570 How's this? 79 00:05:44,210 --> 00:05:45,430 There you go. Thank you. 80 00:05:45,890 --> 00:05:46,610 Yeah, no problem. 81 00:05:47,550 --> 00:05:49,810 Just let me know if I tend to fade out. I'll read just. 82 00:05:49,990 --> 00:05:50,090 Yep. 83 00:05:50,090 --> 00:05:57,860 I hope everybody's doing well and change the difficult times what I bring 84 00:05:57,860 --> 00:06:04,060 before you tonight is a public hearing of a project planned for a 20-21 85 00:06:04,060 --> 00:06:09,160 resolving drinking water resolving fund roll of the codes that don't know it 86 00:06:10,300 --> 00:06:11,620 go ahead and change the climate. 87 00:06:20,700 --> 00:06:24,800 We change it. There we go. Thank you. So for those of you 88 00:06:24,800 --> 00:06:31,940 I don't know what the drinking water is. It is a low-interest zone that was 89 00:06:31,940 --> 00:06:41,360 put forth by the cow eagle to help municipalities, water suppliers to meet their 90 00:06:41,360 --> 00:06:43,400 requirements of the State Freaking Water Act. 91 00:06:44,300 --> 00:06:45,980 Marty, you're saved now just a little bit. 92 00:06:46,340 --> 00:06:48,720 Yep, all right. There we go. Yep, much better. 93 00:06:48,720 --> 00:07:00,560 Okay. Thank you. This loan was put together in 1997 and then as provided over $1 billion 94 00:07:00,560 --> 00:07:08,040 worth of loans, or several of them to us who also have a grand chain to it. 95 00:07:12,910 --> 00:07:19,870 Thank you. So part of the each requirement of the loan application is having a public 96 00:07:19,870 --> 00:07:27,490 during which this is. And in the requirements we have to buy the description of the water quality 97 00:07:27,490 --> 00:07:34,010 needs and alternatives for our system. The description of recommended alternatives with the cost, 98 00:07:34,950 --> 00:07:39,430 discussion of project financing, and the description of social environment impacts. 99 00:07:40,030 --> 00:07:45,770 And we have put together a packet, submitted it to EGLE, which by the way I just 100 00:07:45,770 --> 00:07:51,310 to see the e-mail today from David Worthingson, praising how well it was put together. 101 00:07:52,130 --> 00:07:54,770 This quote was actually one of the best hit ever. 102 00:07:55,210 --> 00:08:00,190 So, my thank you to everybody involved in throwing that project plan together and getting 103 00:08:00,190 --> 00:08:00,750 it submitted. 104 00:08:01,650 --> 00:08:02,590 Go ahead and change, please. 105 00:08:05,040 --> 00:08:05,200 Okay. 106 00:08:05,340 --> 00:08:13,740 So, the project overview, construction would start in 2021, if we go ahead and move forward 107 00:08:13,740 --> 00:08:18,120 this and the plan is to even further reduce the leg components in our water 108 00:08:18,120 --> 00:08:24,200 system and to help us meet the Michigan dual leg hopper rules. By doing this we 109 00:08:24,200 --> 00:08:29,960 would add on an additional 250 individual city and or public side service 110 00:08:29,960 --> 00:08:34,740 time at various locations throughout the city. In addition to that we would add on 111 00:08:34,740 --> 00:08:40,720 another 500 hydro-estivations throughout the city to help us determine our 112 00:08:40,720 --> 00:08:46,180 inventory and the play material of our unknown servicers and find out whether 113 00:08:46,180 --> 00:08:50,220 which they need to replace, or not, and change, please. 114 00:08:52,240 --> 00:08:59,800 This is just an overview of some of the project sites, as you can see, we decided 115 00:08:59,800 --> 00:09:08,060 this time around to do more individual streets. We are now trading on a lot of 116 00:09:08,060 --> 00:09:14,360 the super long services, such as Green Avenue, where the water main goes down the middle 117 00:09:14,360 --> 00:09:20,060 of the Boulevard, and we have anywhere from 100 to 200 foot services on either side of 118 00:09:20,060 --> 00:09:20,660 the Boulevard. 119 00:09:21,220 --> 00:09:26,740 I believe another one is Livingston Avenue there, which is in equation, where the services 120 00:09:26,740 --> 00:09:30,920 are very long, and various other locations throughout the city. 121 00:09:32,060 --> 00:09:36,480 Like I said, we've tried to target this time around some of the very, very long services 122 00:09:36,480 --> 00:09:42,320 which would provide an even higher risk of contamination 123 00:09:43,060 --> 00:09:45,240 other than the short drive service. 124 00:09:46,560 --> 00:09:47,120 So in change. 125 00:09:50,010 --> 00:09:53,250 The estimated cost of this project is just over $2 million. 126 00:09:54,350 --> 00:09:57,910 And again, like I said, it includes 250 services 127 00:09:59,550 --> 00:10:02,910 and 500 high-go estimations along with it. 128 00:10:03,650 --> 00:10:05,590 This was spread out over 20 years. 129 00:10:05,590 --> 00:10:15,470 and after this, full rounds will probably have to look for other ways to come up with 130 00:10:15,470 --> 00:10:16,950 the sample in three days. 131 00:10:24,040 --> 00:10:31,940 So the testing rate for our customers right now, range anywhere from 2180 for residential 132 00:10:31,940 --> 00:10:34,240 all the way up to 33 if they have a 1-inch meter. 133 00:10:35,100 --> 00:10:38,780 The customer service charge goes by the five meter. 134 00:10:40,520 --> 00:10:52,760 The water rate for usage is 393 for PDC, 148 gallons, and also our customers pay a monthly 135 00:11:01,880 --> 00:11:10,120 The proposed change of charges, like I said, the monthly water charge by a meter will 136 00:11:10,120 --> 00:11:11,000 remain unchanged. 137 00:11:11,880 --> 00:11:15,840 The proposal has been caught or increased due to the challenge with zero. 138 00:11:16,980 --> 00:11:17,860 Monthly let it be. 139 00:11:17,940 --> 00:11:18,820 It's three of two dollars. 140 00:11:19,060 --> 00:11:20,060 You'll remain unchanged. 141 00:11:21,680 --> 00:11:23,620 And the $2 let it hurt. 142 00:11:23,940 --> 00:11:24,760 That abatement. 143 00:11:25,100 --> 00:11:28,260 And we're trying to create three hundred forty one thousand dollars. 144 00:11:28,480 --> 00:11:28,780 Three years. 145 00:11:28,900 --> 00:11:30,020 It's not the real coverage. 146 00:11:30,320 --> 00:11:30,620 It's the principle. 147 00:11:30,820 --> 00:11:31,680 And it's. 148 00:11:32,120 --> 00:11:34,940 Our current work goes into the policy ordinance. 149 00:11:36,220 --> 00:11:39,320 Currently, the residential use is approximately seven. 150 00:11:39,320 --> 00:11:46,880 CCS for months, which is up late to an average monthly water bill of 51 to 51 dollars. 151 00:11:48,320 --> 00:11:54,060 The proposed project plan will not increase the average monthly water bill. 152 00:11:54,780 --> 00:12:01,740 Also, that does equate to approximately $1.68 per day for reliable drinking water. 153 00:12:03,320 --> 00:12:04,240 Go ahead. 154 00:12:11,440 --> 00:12:19,380 As you can see throughout the time period, total savings of the life of loan would be just over $300,000. 155 00:12:21,040 --> 00:12:30,720 Not to mention that there is a possibility with the work flow of up to 20% loan prohibition on that. 156 00:12:30,720 --> 00:12:36,620 That won't be decided until the loan gets approved and everything like that. 157 00:12:36,720 --> 00:12:41,240 And if that weren't for no, it would be interesting if there is any bill. 158 00:12:43,640 --> 00:12:44,740 So the 159 00:12:47,110 --> 00:12:50,350 social environment will impact a bit. 160 00:12:51,450 --> 00:12:52,970 Memo traffic impacts. 161 00:12:53,690 --> 00:13:00,350 Obviously, when we're going down the road, I think we tend to try to fix certain roads. 162 00:13:00,950 --> 00:13:08,470 There'll be something to be used when the construction company is on this road, environmental impact, very little. 163 00:13:09,410 --> 00:13:16,390 The forest water rate is increased due to this project, zero, temporary increases. 164 00:13:17,030 --> 00:13:19,630 You're fading out just a little bit. There you go. 165 00:13:20,090 --> 00:13:22,610 All right, my hand keeps fading away from them. 166 00:13:23,210 --> 00:13:23,390 I'm sorry. 167 00:13:24,790 --> 00:13:26,770 Try not to touch the base thing, you know. 168 00:13:26,770 --> 00:13:32,850 Great. Okay, so zero rate increase due to this proposed pilot's project 169 00:13:32,850 --> 00:13:38,450 plans. Temporary increase in construction related jobs in Bay City, and 170 00:13:38,450 --> 00:13:42,710 obviously the next two are most important to us, the tech public health by 171 00:13:42,710 --> 00:13:46,550 removing that components from drinking water, and maintaining the consumer 172 00:13:46,550 --> 00:13:50,290 confidence in operating our 18 water systems. 173 00:13:58,740 --> 00:14:00,720 I thought that was it, so I'll be 174 00:14:00,720 --> 00:14:02,900 We have to go take any questions if there are any. 175 00:14:03,360 --> 00:14:03,960 All right. 176 00:14:04,340 --> 00:14:04,880 Thanks. 177 00:14:05,040 --> 00:14:06,200 All right. 178 00:14:06,460 --> 00:14:06,940 Thank you, Marty. 179 00:14:14,870 --> 00:14:15,910 Mr. Dreyer. 180 00:14:17,050 --> 00:14:17,590 Yeah. 181 00:14:18,510 --> 00:14:19,950 Mr. Jewish quick question. 182 00:14:20,010 --> 00:14:22,610 I might have asked this before on that cost per replacement. 183 00:14:23,450 --> 00:14:26,830 It showed but estimate about $7,000 per. 184 00:14:27,510 --> 00:14:31,950 Is that is that a bid projected price or have we gotten bid yet? 185 00:14:32,210 --> 00:14:34,710 Or that's what they're been running? 186 00:14:34,710 --> 00:14:40,550 We have not gotten it right to get that projected right that includes restoration. 187 00:14:41,570 --> 00:14:43,370 Okay, that includes the restoration. All right. 188 00:14:44,910 --> 00:14:49,770 Okay, because I thought I seen the listing of other things, the restoration was on top of that. 189 00:14:49,910 --> 00:14:51,830 So that that's inclusive is what you're saying. 190 00:14:52,290 --> 00:14:52,410 Yeah. 191 00:14:53,350 --> 00:14:55,250 Okay, thank you. That's all I have. 192 00:14:56,870 --> 00:14:58,410 Thank you. Anybody else? 193 00:15:02,740 --> 00:15:08,300 All right, Marty, it looks like you're off the hook. Thank you very much. All right. Thank you, everybody. Be safe. 194 00:15:13,120 --> 00:15:21,740 Next order of business calls for recess to discuss items on the informal agenda. Commissioner DACA. Are there any items? No, there are not. Thank you. Thank you. 195 00:15:24,710 --> 00:15:36,110 Next order of business calls for public hearing. This is the opportunity for citizens to address the commission regarding the 2021 drinking water revolving fund project plan. Is there a motion to allow for public hearing number one? 196 00:15:40,640 --> 00:15:41,520 Commissioner Girard. 197 00:15:42,520 --> 00:15:44,280 Move to allow for public hearing number one. 198 00:15:45,100 --> 00:15:45,500 Thank you. 199 00:15:46,080 --> 00:15:49,700 If anyone wishes to address the commission regarding public hearing item number one, 200 00:15:49,920 --> 00:15:51,300 please use the raise your hand feature. 201 00:15:51,800 --> 00:15:54,200 Once called upon, please state your name and address for the record. 202 00:15:54,840 --> 00:15:59,360 And under the rules of the city commission, every speaker will be allowed to speak for no more than five minutes. 203 00:16:02,540 --> 00:16:02,820 Alex. 204 00:16:08,340 --> 00:16:12,180 I'm glad that they're going to start working on full straights at a time instead of just 205 00:16:12,920 --> 00:16:19,320 splotching throughout neighborhoods and leaving the gravel caps on the replacement lines because that was 206 00:16:19,320 --> 00:16:23,600 something that I know a lot of people weren't really fond of previously with the lab replacement lines. 207 00:16:25,520 --> 00:16:31,460 I didn't see it in the packet when I looked through but I might have just overlooked it for the rebate, 208 00:16:31,460 --> 00:16:38,700 20% rebate that was mentioned, if those details could be outlined into how the city actually 209 00:16:38,700 --> 00:16:42,160 would qualify for that, just so we could see it, that'd be great. 210 00:16:43,620 --> 00:16:45,840 That's all I have for that, and other questions were answered. 211 00:16:46,080 --> 00:16:46,420 So thank you. 212 00:16:49,400 --> 00:16:49,840 Thank you. 213 00:16:50,420 --> 00:16:52,540 Anybody else for public hearing number one? 214 00:17:00,270 --> 00:17:02,650 Seeing none, the next sort of business calls for public input. 215 00:17:02,890 --> 00:17:06,950 This is the opportunity for citizens to address the commission regarding any item remaining 216 00:17:06,950 --> 00:17:08,630 on the agenda or any other matter. 217 00:17:08,630 --> 00:17:10,410 is there a motion to allow for public input? 218 00:17:13,800 --> 00:17:14,520 Commissioner Dacquet? 219 00:17:14,980 --> 00:17:16,260 We'll give you a law for public input. 220 00:17:16,860 --> 00:17:17,420 Thank you. 221 00:17:19,540 --> 00:17:23,400 If anyone wishes to address the commission, please use the raise your hand feature. 222 00:17:23,640 --> 00:17:25,900 Once called upon, please state your name and address for the record. 223 00:17:26,420 --> 00:17:30,240 Under the rules of the city commission, every speaker will be allowed to speak for no more than five minutes. 224 00:17:38,020 --> 00:17:38,860 I know a big shocker. 225 00:17:39,780 --> 00:17:41,160 Alex Ditchman and South theory. 226 00:17:42,300 --> 00:17:46,760 As for the resolution, I can only pull it off to make sure everyone's on the record 227 00:17:46,760 --> 00:17:50,100 for their position on the security of the vote. 228 00:17:50,260 --> 00:17:53,340 I'm not there to make a policy yell or anything for this. 229 00:17:53,440 --> 00:17:54,680 I just want this on the record 230 00:17:54,680 --> 00:17:56,720 for that big of a balance security for the city. 231 00:17:58,840 --> 00:18:04,520 I know I was able to contact Tim in public works 232 00:18:04,520 --> 00:18:06,660 for the brush pickup because originally, 233 00:18:06,660 --> 00:18:08,080 I remember seeing that they were going to do that 234 00:18:08,080 --> 00:18:11,240 over a couple of days in the first of May 235 00:18:11,240 --> 00:18:13,420 and well, I'm not that far from the south side 236 00:18:13,420 --> 00:18:16,120 of the south end of the west side of the city limits 237 00:18:16,120 --> 00:18:24,160 and my crush wasn't picked up yet, but I got a nice response from them about how it could take 238 00:18:24,160 --> 00:18:29,760 a couple of weeks to complete. And also I am making another plea is we're only one meeting away 239 00:18:29,760 --> 00:18:37,620 from the initial budget location or budget notification that I since it is a taxpayer budget, I am looking 240 00:18:37,620 --> 00:18:42,920 for oversight for taxpayers again. So that's all I have for today. So thank you everyone. 241 00:18:44,500 --> 00:18:45,340 Thank you. 242 00:18:47,120 --> 00:18:48,920 Anybody else wishing to speak? 243 00:18:53,280 --> 00:18:53,420 All right. 244 00:18:53,640 --> 00:18:54,060 Staying none. 245 00:18:54,720 --> 00:18:56,700 We're back in the regular order of business. 246 00:18:57,140 --> 00:18:59,660 So the next item on the agenda is resolution number one. 247 00:19:00,280 --> 00:19:03,720 Commission has a whole resolution regarding the loan application to the state of Michigan, 248 00:19:04,060 --> 00:19:13,340 Department of Environmental Quality, Drinking Water Revolving Fund for capital improvements to the water distribution system owned and operated by the city of a city recommendation approved. 249 00:19:13,340 --> 00:19:13,400 Thank you. 250 00:19:14,500 --> 00:19:15,340 Is there a motion? 251 00:19:24,420 --> 00:19:25,120 Commissioner Brunner. 252 00:19:25,820 --> 00:19:26,580 Move to approve. 253 00:19:27,360 --> 00:19:28,860 Thank you. Is there any discussion? 254 00:19:34,740 --> 00:19:36,100 Commissioner Brunner, do you also have discussion? 255 00:19:41,890 --> 00:19:42,530 I do not. 256 00:19:43,110 --> 00:19:43,690 Okay, thank you. 257 00:19:48,340 --> 00:19:50,180 I'll call the roll on the motion to approve. 258 00:19:50,740 --> 00:19:51,300 Commissioner Rivera? 259 00:19:52,000 --> 00:19:52,520 Yes. 260 00:19:53,200 --> 00:19:53,720 Brunner? 261 00:19:57,680 --> 00:19:58,200 Yes. 262 00:19:58,840 --> 00:19:59,460 Thank you. 263 00:19:59,720 --> 00:20:00,040 Hello, Clerk. 264 00:20:01,280 --> 00:20:04,620 Can you repeat that for me, Commissioner Rehlecker? 265 00:20:05,300 --> 00:20:05,520 Yes. 266 00:20:06,020 --> 00:20:06,480 Thank you. 267 00:20:06,960 --> 00:20:07,220 Gerard? 268 00:20:07,760 --> 00:20:08,280 Yes. 269 00:20:08,280 --> 00:20:08,420 Yes. 270 00:20:08,760 --> 00:20:09,600 Ms. Magiun. 271 00:20:10,260 --> 00:20:10,520 Yes. 272 00:20:11,520 --> 00:20:11,840 Clements. 273 00:20:12,320 --> 00:20:12,800 Yes. 274 00:20:13,520 --> 00:20:14,100 Fourth. 275 00:20:15,080 --> 00:20:15,760 Yes. 276 00:20:16,400 --> 00:20:16,900 In Docket. 277 00:20:17,480 --> 00:20:17,660 Yes. 278 00:20:18,300 --> 00:20:18,820 Eight yes. 279 00:20:20,280 --> 00:20:20,460 Okay. 280 00:20:23,220 --> 00:20:23,900 Okay. 281 00:20:24,060 --> 00:20:25,960 The next item is resolution number three. 282 00:20:26,420 --> 00:20:29,220 Commission has a whole resolution regarding the refunding bonds. 283 00:20:30,340 --> 00:20:31,460 Is there a motion? 284 00:20:36,480 --> 00:20:37,080 Commissioner Docket. 285 00:20:37,640 --> 00:20:38,320 Move to approve. 286 00:20:39,100 --> 00:20:39,920 Thank you. 287 00:20:40,120 --> 00:20:40,660 Any discussion? 288 00:20:45,610 --> 00:20:46,250 Commissioner Gerard. 289 00:20:47,230 --> 00:20:53,090 Yes, through the chair. Could you just do a brief overview of what is actually 290 00:20:53,090 --> 00:20:58,050 transacting with this? All right, so let me see. 291 00:21:02,290 --> 00:21:05,510 See, are you there? Yes, I am. Here we go. 292 00:21:07,710 --> 00:21:16,950 Okay, so just a brief overview. So the city commission had previously approved up to 23 million 293 00:21:16,950 --> 00:21:25,470 dollars in debt for the Uptown project. So we had the issuance of the bonds and at the lowest 294 00:21:25,470 --> 00:21:31,030 cost financing, the City Commission had to pledge their full faith and credit for the payment of 295 00:21:31,030 --> 00:21:43,550 the bonds. So in 2013, the Brownfield Redevelopment Authority issued a $9.2 million bond and then they 296 00:21:43,550 --> 00:21:46,810 did an additional $7, little over $7,000,000 in 297 00:21:49,010 --> 00:21:57,670 2014. So there was some binding authorities still left out there and so we needed to do 298 00:21:57,670 --> 00:22:05,850 another issuance, which the Brown Food Authority did in April 16. It has two resolutions. 299 00:22:06,190 --> 00:22:11,930 The first one was to authorize the issuance of an additional $6.7 million for the development 300 00:22:11,930 --> 00:22:21,610 a phase two and that was the remaining 23 that was already approved back in 2013 or somewhere in 301 00:22:21,610 --> 00:22:29,950 that area. So this was just using up the additional space that we had to approve the additional 302 00:22:29,950 --> 00:22:36,010 funding of those bonds. And then the second resolution that the Brownfield Authority approved was an 303 00:22:36,010 --> 00:22:47,310 $18 million bond, which it would advance the refund of original $9.2 in the $7 million bond debt. 304 00:22:48,370 --> 00:22:55,210 So all in all, we are just going up to our binding capacity that was already approved 305 00:22:55,210 --> 00:22:59,330 and which the Brownfield Redevelopment Authority approved as well. 306 00:23:00,770 --> 00:23:04,610 So the part that, so why are we refunding because we're 307 00:23:06,890 --> 00:23:11,350 So I think George, if George is on the line we can get him to comment on the 308 00:23:11,350 --> 00:23:15,570 refund of it. And I know he is, I saw he was on the attendees list, TJ. 309 00:23:22,900 --> 00:23:25,860 Yeah, he should be available now. Okay, George. 310 00:23:41,050 --> 00:23:41,490 George. 311 00:23:43,430 --> 00:23:44,470 Yes, I am. 312 00:23:44,770 --> 00:23:48,450 Yes, did you hear the question, George, about the refunding? 313 00:23:48,450 --> 00:23:49,970 Yes. 314 00:23:52,410 --> 00:24:01,350 Basically, the rates have come down significantly. And even though the new bonds, 315 00:24:01,690 --> 00:24:08,070 at least the refunding bonds, would be considered taxable, there is still very, very significant 316 00:24:08,070 --> 00:24:15,690 savings compared to the original issuance. We're looking at over $2.3 million decrease in 317 00:24:15,690 --> 00:24:27,850 debt service for the 2013 bond, and then an additional $409,000 in debt service reductions 318 00:24:28,290 --> 00:24:37,550 for the 2014 bond. So all in all, we would be saving somewhere around $2.6 million in 319 00:24:37,550 --> 00:24:41,730 that service between now and 2043. 320 00:24:42,870 --> 00:24:47,950 All right, so ultimately we're sailing money by doing this right now. 321 00:24:49,130 --> 00:24:54,370 Very significant dollars. Yes. Okay. That's why I need to know. Thank you very much. 322 00:24:55,250 --> 00:24:56,590 Okay. You're welcome. 323 00:25:01,010 --> 00:25:04,630 Is that all commissioner? Yep. I'm all set. Thank you. Okay. Thank you. 324 00:25:05,830 --> 00:25:10,230 I believe commissioner docket. I'm all set. Actually. Thank you. All right. 325 00:25:12,450 --> 00:25:13,810 Okay, any other discussion? 326 00:25:17,630 --> 00:25:19,270 Okay, seeing none, I'm going to call the motion, 327 00:25:19,750 --> 00:25:21,330 or the role on the motion to approve. 328 00:25:22,070 --> 00:25:22,930 Commissioner Brunner? 329 00:25:23,610 --> 00:25:23,990 Yes. 330 00:25:24,730 --> 00:25:25,450 Hiliker? 331 00:25:26,230 --> 00:25:26,590 Yes. 332 00:25:27,190 --> 00:25:27,610 Gerard? 333 00:25:28,490 --> 00:25:28,910 Yes. 334 00:25:29,530 --> 00:25:30,050 Ms. Magin? 335 00:25:30,830 --> 00:25:31,190 Yes. 336 00:25:31,870 --> 00:25:32,230 Clements? 337 00:25:32,870 --> 00:25:33,210 Yes. 338 00:25:33,810 --> 00:25:34,610 Of course. 339 00:25:35,370 --> 00:25:35,750 Yes. 340 00:25:36,590 --> 00:25:36,830 Okay. 341 00:25:37,330 --> 00:25:37,630 Yes. 342 00:25:38,370 --> 00:25:38,730 Perfect. 343 00:25:39,510 --> 00:25:39,670 Yes. 344 00:25:40,690 --> 00:25:41,050 Yes. 345 00:25:41,690 --> 00:25:42,430 So that is approved. 346 00:25:42,430 --> 00:25:47,470 that completes all items on tonight's agenda, so we are adjourned.