1 00:00:00,160 --> 00:00:09,679 To the flag of the United States of America and to the republic for which it 2 00:00:06,240 --> 00:00:15,800 stands. One nation under God, indivisible, with liberty and justice 3 00:00:12,559 --> 00:00:15,800 for all. 4 00:00:23,600 --> 00:00:26,600 » Here 5 00:00:28,880 --> 00:00:37,480 » that agenda for motion. >> Second. 6 00:00:34,160 --> 00:00:37,480 » All in favor? 7 00:00:39,440 --> 00:00:48,920 » All right. We got discussion of current FY26 budget. I put that on because Jeff 8 00:00:44,399 --> 00:00:48,920 had something he want to say. 9 00:00:52,640 --> 00:01:01,359 with the talks of moving this building over here and and and 10 00:00:58,480 --> 00:01:05,519 turning that over to tourism. Uh 11 00:01:03,359 --> 00:01:11,840 when I went in there, when we put the windows in with Greg, uh he opened the 12 00:01:09,280 --> 00:01:16,400 back closet and he pointed out what he thought was mold 13 00:01:14,240 --> 00:01:23,600 all over the wall. Is there any possible way in this budget 14 00:01:20,240 --> 00:01:30,600 that we can get a mold test done in there before we open that up this year 15 00:01:26,880 --> 00:01:30,600 for the tourism 16 00:01:33,040 --> 00:01:39,720 or we have to wait until the next budget? 17 00:01:50,000 --> 00:01:54,079 We have to see how much the mold test would cost first. 18 00:01:53,200 --> 00:01:59,119 » I'm sorry. >> We need to see how much the B test would 19 00:01:55,920 --> 00:02:04,119 cost. I mean, >> I don't know how much the test would 20 00:02:01,119 --> 00:02:04,119 run. 21 00:02:04,320 --> 00:02:10,800 I would need to see the cost on that. >> Would that would that be pro? 22 00:02:08,560 --> 00:02:14,560 » You would need some sort of bid. 23 00:02:12,560 --> 00:02:18,640 » I don't I know how that slipped through because I had mentioned it when we did 24 00:02:17,280 --> 00:02:22,480 the >> clean out. 25 00:02:20,160 --> 00:02:25,200 » I never had a key to that room. >> You don't have a key to it. 26 00:02:23,599 --> 00:02:29,200 » That you're talking the closet in the corner. In the corner behind you. 27 00:02:27,360 --> 00:02:34,160 » You told me it was locked. >> Yeah, it's locked. I don't have a key. 28 00:02:32,239 --> 00:02:38,239 I didn't know what was in there. >> Okay. 29 00:02:35,680 --> 00:02:42,000 So, we need to get you get for that. 30 00:02:40,160 --> 00:02:46,959 » I would suggest that before we answer the question. put into the current year 31 00:02:44,560 --> 00:02:52,879 budget because without knowing how much test cost 32 00:02:51,440 --> 00:02:56,959 you don't have any idea what you're talking about. 33 00:02:53,840 --> 00:03:01,599 » So we put it all at a time. >> I mean the answer to that is yes another 34 00:02:59,280 --> 00:03:06,560 question. You're going to need to you're going to need to get a price 35 00:03:04,800 --> 00:03:09,560 on how much test it's going to cost first. 36 00:03:10,640 --> 00:03:13,720 All right. 37 00:03:14,879 --> 00:03:21,040 » With that being said, are we going to remodel that side as well, 38 00:03:18,800 --> 00:03:24,480 » the walls and stuff like we did this side? 39 00:03:22,959 --> 00:03:26,959 » Cuz it's just old paneling. >> That's going to have to be something to 40 00:03:26,000 --> 00:03:29,920 » be budgeted, too. >> We can't we can't do anything with that 41 00:03:28,560 --> 00:03:34,000 until >> everybody's until he's out, right? I 42 00:03:31,840 --> 00:03:39,120 didn't know how quick they were to use it. a turnaround was, you know, 43 00:03:35,840 --> 00:03:43,280 » one and one in there now that >> I mean, not that you couldn't use it 44 00:03:40,400 --> 00:03:45,760 like that, but the one side's re redone. All the panel was painted, the ceiling 45 00:03:44,879 --> 00:03:51,440 tile was painted. >> We could we could close off the one side 46 00:03:49,440 --> 00:03:54,799 until budget time >> and then Okay. 47 00:03:52,400 --> 00:04:00,080 » Yeah. And I that's what I would that would be my recommendation. 48 00:03:56,879 --> 00:04:05,360 We can't we can't let people in there if that is black mold in that closet. 49 00:04:03,840 --> 00:04:09,599 Yeah, my suggestion would be to definitely 50 00:04:07,120 --> 00:04:15,480 um did that service out and find out how 51 00:04:12,159 --> 00:04:15,480 much it cost. 52 00:04:25,360 --> 00:04:31,040 » So, we just wait and we can't let them in there until we find 53 00:04:30,240 --> 00:04:36,560 out. >> It may not be back. All 54 00:04:34,880 --> 00:04:41,919 right, that's just tablet for now. >> That needs to be uh tested. I'm going to 55 00:04:40,160 --> 00:04:45,520 make a motion that we close that one side off till we find out. 56 00:04:43,680 --> 00:04:49,840 » I don't know if we can vote because we don't have it on this cuz you didn't 57 00:04:47,120 --> 00:04:55,520 tell me what you wanted on it. That's not on it to vote. Can we 58 00:04:53,280 --> 00:05:00,639 don't think we can vote for that not being on the agenda. 59 00:04:58,639 --> 00:05:05,840 What do you think, Lane? >> I don't think per Lance said without 60 00:05:03,840 --> 00:05:08,560 with nothing being itemized on this, he says you cannot vote as it's just a 61 00:05:07,840 --> 00:05:13,520 discussion. >> But we can do that next week on Tuesdays 62 00:05:10,720 --> 00:05:14,479 though. You would do that to next Tuesday. 63 00:05:14,080 --> 00:05:17,680 » Y >> that's what I that's why I asked you 64 00:05:16,560 --> 00:05:21,759 when was talking. >> Well, I was hoping we could do something 65 00:05:19,919 --> 00:05:25,919 tonight where we could get the get the test. 66 00:05:22,880 --> 00:05:28,880 » Well, see people had a hidden agenda that we didn't post what we were going 67 00:05:27,520 --> 00:05:32,880 to talk about. >> So, we'll take the next meeting. So 68 00:05:30,960 --> 00:05:36,880 Lance asked me what was on the agenda and he went okay I went through and he 69 00:05:35,680 --> 00:05:41,800 just make sure they don't vote unless it's the next meeting. 70 00:05:42,080 --> 00:05:48,320 » Yeah, we're going to take a motion. 71 00:05:46,400 --> 00:05:52,560 » All right. >> Okay. 72 00:05:50,240 --> 00:05:55,560 The next discussion u 73 00:05:55,840 --> 00:06:05,120 I've got one thing for the budget if that's okay. um on this thing with the 74 00:06:01,840 --> 00:06:12,240 um the hood park. The scoreboard had a controller that was 75 00:06:08,639 --> 00:06:16,800 part of our parks, actually part of that park because all 76 00:06:14,000 --> 00:06:21,680 that was donated. So if the people do not return the controller, do we have 77 00:06:19,199 --> 00:06:24,720 the budget in the parks to provide them with that controller so that 78 00:06:23,120 --> 00:06:28,960 » Well, right now, Mr. Pitch, that's not on this eater to discuss. 79 00:06:26,160 --> 00:06:32,960 » It's on the budget. to discuss. Well, it's something that we should consider. 80 00:06:30,479 --> 00:06:36,720 And I'm just asking what's the budget for the parks right now? Would it handle 81 00:06:34,639 --> 00:06:43,199 a $1,200 controller? >> Well, it's an item that's not um in the 82 00:06:40,080 --> 00:06:48,400 budget. So, um with it being that large of an item, we would have to look at the 83 00:06:45,840 --> 00:06:51,919 um facility as to where we would need to 84 00:06:50,479 --> 00:06:56,880 put that in. >> So, we might put that on the next to see 85 00:06:54,720 --> 00:07:00,800 if we can do that because They got to have control over that that board. So 86 00:06:59,039 --> 00:07:06,160 most people help. >> But our is just the fields that we do. 87 00:07:03,759 --> 00:07:08,639 We don't you know we don't >> but it's up to the board. I mean the 88 00:07:07,599 --> 00:07:13,039 board wants to do it. >> But once the once the board once that 89 00:07:11,039 --> 00:07:19,599 scoreboard was donated to us, it was ours to to keep up and everything. So 90 00:07:18,479 --> 00:07:24,319 » I can tell you this is in with the attorney right now and he has not 91 00:07:22,160 --> 00:07:28,560 provided a full answer. >> Good. Okay, 92 00:07:25,919 --> 00:07:34,120 » that was turned over to the attorney. >> The missing 93 00:07:30,240 --> 00:07:34,120 » everything in there. Okay. 94 00:07:34,319 --> 00:07:41,360 » All right. Let's discuss this what I just said. The LPUA 95 00:07:38,639 --> 00:07:46,880 P electric bill payment plan and approver. 96 00:07:43,039 --> 00:07:53,360 » So, um I received our February electric bill which is for the 97 00:07:49,199 --> 00:07:57,520 January usage. I apologize. I'm sorry. I can't talk very loud. I don't have a lot 98 00:07:55,199 --> 00:08:00,759 of breath. My asthma is kind of inflated right now. 99 00:08:00,800 --> 00:08:10,120 I'll talk as loud as I can. Um the total bill for January was 1,19,7427. 100 00:08:14,800 --> 00:08:23,080 They have offered to withdraw on February 18th 676,572.75 101 00:08:26,000 --> 00:08:35,959 and the remaining balance owed from Wintertorm Fern will be um $432 102 00:08:32,959 --> 00:08:35,959 $432,5152. 103 00:08:37,519 --> 00:08:48,839 um that remaining balance um will carry forward with a potential interest of 5% 104 00:08:44,480 --> 00:08:48,839 occurred over a 9-month period. 105 00:08:50,640 --> 00:08:55,160 So, um 106 00:08:55,839 --> 00:09:03,920 there is no way to tell on this bill that you have in front of you whether 107 00:09:00,800 --> 00:09:12,399 what is the normal versus what is firm. Um I did speak with NPUA today and they 108 00:09:07,519 --> 00:09:18,480 did say that the minimum they did um try to give us on the first payment the 109 00:09:15,200 --> 00:09:24,800 minimum bill looks like the cold would a cold January but the exact amounts 110 00:09:21,519 --> 00:09:32,800 aren't 100% tied out. She did tell me that January began very 111 00:09:27,360 --> 00:09:38,959 mild um and ended very um you know what it did in winter harm. The natural gas 112 00:09:36,640 --> 00:09:44,160 prices are what were driving this um cost. They were 10 times higher than 113 00:09:41,360 --> 00:09:51,200 normal. I can attest to that because our natural gas um bill was doubled it for 114 00:09:48,480 --> 00:09:57,279 award as well. This can all be verified on the EIA website if you want to take a 115 00:09:55,120 --> 00:10:03,200 look at that. I did speak with our auditor to get some 116 00:10:00,480 --> 00:10:06,200 consulting advice on how we should move forward. 117 00:10:06,320 --> 00:10:16,040 Payments will be approximately 50,000 a month. So the first payment that we make 118 00:10:12,560 --> 00:10:16,040 will be 676,572.75. 119 00:10:18,079 --> 00:10:25,680 the remaining balance split over 9 months. We could pay approximately 5% in 120 00:10:23,920 --> 00:10:30,560 interest, but it could be less if they get to use reserves. We don't know that 121 00:10:27,760 --> 00:10:35,440 atro right now. We're they have to consult um another board within their 122 00:10:33,360 --> 00:10:39,680 organization. The interest will be between 17 to 123 00:10:37,920 --> 00:10:43,839 18,000. The customer will pay their portion 124 00:10:41,440 --> 00:10:48,800 through the PPA in both scenarios. Whether we pay full price at one time or 125 00:10:46,079 --> 00:10:54,079 whether we pay payments take approximately 3 months to pay back 126 00:10:51,440 --> 00:10:57,120 the bills through the BPA. I'm not approximately sure on the 127 00:10:55,920 --> 00:11:01,360 payback how long it'll take. >> How many how many months pay back? 128 00:10:59,519 --> 00:11:06,560 » We think approximately three months, but that's not confirmed. I could not get a 129 00:11:03,120 --> 00:11:11,279 hold of likely to design the PPA. We think approximately three months. could 130 00:11:09,360 --> 00:11:18,720 be longer um but we think approximately three 131 00:11:14,399 --> 00:11:26,880 months. So my recommendation since um is to do the um pay over 9 months because 132 00:11:24,240 --> 00:11:31,720 you're going to deplete your cash flow in the electric department. You have 133 00:11:32,880 --> 00:11:39,839 more than just worrying about getting back up. You have 134 00:11:37,200 --> 00:11:43,519 large projects that are coming out. You also have at the end of the year 135 00:11:41,839 --> 00:11:46,720 transfers into other departments that you have to pay back and you don't want 136 00:11:45,040 --> 00:11:51,279 to strap your electric department over time. You do not have the cash flow to 137 00:11:49,040 --> 00:11:59,760 pay this pay this down and worry about strapping your electric department. This 138 00:11:54,480 --> 00:12:03,200 will give you the time to um raise the cash flow back up to where it needs 139 00:12:01,760 --> 00:12:07,360 to be and you won't be strapping that electric department down. 140 00:12:05,680 --> 00:12:10,880 You recommended nine months >> do 141 00:12:09,120 --> 00:12:14,240 it's on the advice of the auditor. The auditor and I spoke and this is what he 142 00:12:12,720 --> 00:12:16,480 recommended as well. >> Will it be a pass through to the people? 143 00:12:16,000 --> 00:12:21,680 I'm sure. >> Yes, it will. 144 00:12:17,680 --> 00:12:25,680 » What if uh we haven't another storm in two or three weeks or what if it gets 145 00:12:23,519 --> 00:12:29,360 really really hot during this time we're paying this back and it gets into peak 146 00:12:28,320 --> 00:12:33,760 again >> again? I can't unfortunately I don't 147 00:12:31,600 --> 00:12:38,000 have those answers because those situations haven't haven't occurred. I 148 00:12:36,560 --> 00:12:42,800 can tell you that when I sat on the phone call on January 28th with the rest 149 00:12:40,399 --> 00:12:47,040 of our group, those questions did come up and they said we have to tighten our 150 00:12:44,959 --> 00:12:51,360 belt. We have to do better. Our reserves within our organization have been 151 00:12:49,279 --> 00:12:57,279 depleted and we are trying to get those reserves within our organization within 152 00:12:53,360 --> 00:13:07,839 the member cities back up. So, and did you say that normally we paid $30 per 153 00:13:02,639 --> 00:13:14,320 MHz and it the peak went up to $500 per >> I would say around we I would say we're 154 00:13:09,839 --> 00:13:19,600 normally paying I think I saw um I think I saw somewhere where we it went you 155 00:13:17,440 --> 00:13:25,279 could say approximately 30 I'm not going to say that 100% that's accurate but 156 00:13:22,320 --> 00:13:30,480 yeah you could say we were paying maybe it would jump 157 00:13:28,320 --> 00:13:40,639 I don't have those sheets in front of me but it was 30 to 40,000 in the natural 158 00:13:34,399 --> 00:13:45,760 gas is what we would normally pay but um on the electric side 159 00:13:42,959 --> 00:13:52,160 we're paying for demand. So the demand over winter storm burn went up 10fold 160 00:13:49,920 --> 00:13:57,440 and it was based on natural gas prices. So the natural gas price went up 10 161 00:13:54,560 --> 00:14:02,160 times what it normally is. And this happens every few years because if you 162 00:13:58,959 --> 00:14:08,160 remember a storm Yuri, we had the same same effect. And I 163 00:14:04,880 --> 00:14:12,480 looked back at natural gas prices um for I had to do this for the auditor 164 00:14:10,480 --> 00:14:19,680 not too long ago and the same effect happened back with um wintertorm Yuri as 165 00:14:16,800 --> 00:14:23,279 well. We saw the same effect not so many years ago with Wintertorm Yuri. We're 166 00:14:21,839 --> 00:14:27,760 seeing the same thing. We've been significantly lucky with our winter 167 00:14:24,880 --> 00:14:33,360 storms that we haven't seen the same effect happen 168 00:14:29,760 --> 00:14:40,800 um with the prices. I will let you know that they were they did have to shoot 169 00:14:35,920 --> 00:14:46,240 out some $900 per kilowatt hour um electric. I don't know what cities got 170 00:14:43,839 --> 00:14:51,519 got hit with that, but they did say that they had to purchase those powers. Um um 171 00:14:49,600 --> 00:14:56,320 some of them was in the $400 to $500 ranges where they they transmitted that 172 00:14:53,680 --> 00:15:00,079 electric. We don't know. We just sit on these calls and they tell us this 173 00:14:57,680 --> 00:15:03,279 information and they do the best they can to purchase it. But when the demand 174 00:15:01,519 --> 00:15:06,240 gets high, they have to purchase at high prices. 175 00:15:04,240 --> 00:15:10,959 » Now, this is based this isn't based on our usage. It's based on a conglomerate. 176 00:15:09,199 --> 00:15:13,600 » Um no, this would be based on what we paid. 177 00:15:11,440 --> 00:15:17,519 » Yeah. >> General. 178 00:15:14,639 --> 00:15:19,839 » Did we peak in electric and peak in gas? We did. 179 00:15:18,079 --> 00:15:23,440 » Yeah, we did. >> Okay. 180 00:15:20,320 --> 00:15:29,760 » I mean, you can look and she said um last month we used 7 approximately 7.1 181 00:15:27,440 --> 00:15:36,720 um in December because the prior month energy charge was 7.1. 182 00:15:33,680 --> 00:15:40,639 The in the current month in January it was 7.7 kilowatt hour. 183 00:15:39,199 --> 00:15:42,639 » I got you. >> So 184 00:15:41,120 --> 00:15:50,839 » So you're talking about interest on this. We're talking 17 18,000 per month 185 00:15:45,839 --> 00:15:50,839 interest. for eight or nine months. 186 00:15:52,560 --> 00:15:59,040 » That I wrote that down, too. So, that's kind of how you worded it. So, is it 9 187 00:15:56,399 --> 00:16:06,639 months and a total of 17 or 18,000? >> So, it be 450,000 and total 188 00:16:02,000 --> 00:16:08,560 approximately um additional payment. 189 00:16:07,920 --> 00:16:13,519 » So, >> 400 and some thousand,000 190 00:16:12,240 --> 00:16:17,759 per month approximately. >> Do we have that reserves? at the back 191 00:16:15,440 --> 00:16:22,399 reserves right now. Could we pay this bill and save the citizen $450,000? 192 00:16:20,880 --> 00:16:25,279 » Cut your reserves in half. >> Huh? 193 00:16:23,040 --> 00:16:30,399 » I don't think you I me personally I don't want to cut this the tax the uh 194 00:16:27,920 --> 00:16:32,480 electric department's reserves in half. >> How much do we have electric fund right 195 00:16:31,839 --> 00:16:34,560 now? >> We have 196 00:16:33,040 --> 00:16:39,920 » And then how much do we have reserves? >> We have 2.6 million in reserves. 197 00:16:37,839 --> 00:16:44,959 and in the count of the electric too or just two in the reserves and two in 198 00:16:43,040 --> 00:16:50,800 electric >> and you're going to spend three or 400 199 00:16:46,639 --> 00:16:56,079 million um right off the bat um on a huge project and you have other projects 200 00:16:53,680 --> 00:16:59,920 within the city that you have to do. >> Yeah, but we're going to get this money 201 00:16:57,440 --> 00:17:06,279 monthly back is what I'm saying. I I just hate to pass on 202 00:17:03,279 --> 00:17:06,279 interest. 203 00:17:07,039 --> 00:17:14,120 I get it. But >> are you saying $19,000 204 00:17:10,799 --> 00:17:14,120 a month? 205 00:17:15,039 --> 00:17:22,240 » 17 to 18. Is that per month? 206 00:17:19,600 --> 00:17:26,439 » Or is that $19,000? N 207 00:17:22,959 --> 00:17:26,439 » is Yeah. 208 00:17:35,039 --> 00:17:42,799 » The way you worded it, it said months 5% interest at 17 18,000. So that would be 209 00:17:41,760 --> 00:17:47,600 a month >> at least. So yeah. 210 00:17:44,799 --> 00:17:52,480 » Okay. So that's per square month. >> We we can try to pay it off and I 211 00:17:50,640 --> 00:17:56,960 believe we can pay it off because we got the money coming back 212 00:17:54,720 --> 00:18:00,600 in. But I don't get to vote on this. But that's just my opinion. 213 00:18:02,640 --> 00:18:08,960 » I want to say $450,000. Because you know what? Even in our 214 00:18:07,600 --> 00:18:14,559 budget for 9 months, we're going to budget this so much per month next year 215 00:18:10,960 --> 00:18:19,360 budget so we can pay it off. And how much interest would we get out of these 216 00:18:16,240 --> 00:18:22,640 uh reserves anyway? >> We're not getting any interest. We voted 217 00:18:21,120 --> 00:18:27,760 to put all the interest in the general fund. The general fund would not have to 218 00:18:25,919 --> 00:18:30,880 borrow any. So all the interest stays in the general fund. 219 00:18:28,559 --> 00:18:33,840 » I did it any way possible at all. Pay himself. 220 00:18:32,080 --> 00:18:39,200 » But that's up to this board. You want to go 9 months? That's up to you all. 221 00:18:35,600 --> 00:18:44,080 » Okay. Well, hold on. 9 months at $18,000 is only $162,000. 222 00:18:41,760 --> 00:18:48,640 » You said $400 and something. So, >> it's 50 It's 50,000 a month 223 00:18:46,720 --> 00:18:52,840 approximately is the payment because it's $432,000 224 00:18:52,880 --> 00:19:03,600 at 550,000 a month. I made 450,000. >> Yeah. 50,000 a month in the payment. But 225 00:18:58,720 --> 00:19:06,400 you said 480 something,000 in interest. Yeah, 226 00:19:04,000 --> 00:19:09,760 » you 162,000. >> Did you? 227 00:19:07,280 --> 00:19:12,559 » Oh, yeah. Maybe I It's been a long day, guys. And they haven't even made their 228 00:19:11,120 --> 00:19:18,160 payment schedule. Sorry. >> That's all right. 229 00:19:14,080 --> 00:19:22,799 » I I raised a payment on APY. Uh and they gave me $50,000. That's what they told 230 00:19:20,000 --> 00:19:26,480 me. Approximately $50,000 $50,000 a month for payment. 231 00:19:24,799 --> 00:19:32,320 » And they haven't gave you the full payment schedule yet. So, I apologize. 232 00:19:30,000 --> 00:19:39,440 And that's over and above. >> And the said 17 to 18,000 total. And I 233 00:19:35,840 --> 00:19:41,600 wish I wish I hadation schedule, but I don't 234 00:19:40,960 --> 00:19:46,080 amount. >> So we'd only be 162,000 in interest. Is 235 00:19:44,720 --> 00:19:49,760 that what you're saying? >> The interest would be on the full 236 00:19:47,520 --> 00:19:53,919 amount, the 1 million sum, right? >> No, because we're paying 676,500 237 00:19:52,559 --> 00:19:57,360 right off the bat. >> Then it would be on the 238 00:19:56,400 --> 00:20:03,000 left, >> whatever number that was. 239 00:20:00,000 --> 00:20:03,000 $432,515232,510. 240 00:20:27,919 --> 00:20:32,840 » All right. 600,000 on 11 241 00:20:34,799 --> 00:20:37,799 500,000. 242 00:20:39,919 --> 00:20:49,520 » Well, 432 and 162 the whole 9 months 243 00:20:47,360 --> 00:20:54,799 9 months 432 244 00:20:51,200 --> 00:20:58,039 instead of taking half return about 225,000 245 00:21:06,240 --> 00:21:12,000 We got next Tuesday, right? >> We got to the 18th. 246 00:21:10,159 --> 00:21:15,760 » The 18th and they will automatically >> why we call the special meeting. 247 00:21:14,159 --> 00:21:20,320 » When's the next meeting? >> The 17th. 248 00:21:18,159 --> 00:21:23,840 » Would it help if we moved on to the next thing and you know 249 00:21:22,000 --> 00:21:28,440 » like went to your office and figured something out? 250 00:21:24,880 --> 00:21:28,440 » I can do that. 251 00:21:33,440 --> 00:21:41,440 If if the reserve is 2 and a2 million and the bill is a million one, we're 252 00:21:39,039 --> 00:21:46,880 already going to pay 600,000. You're not going to need that reserve. I know half 253 00:21:44,400 --> 00:21:49,200 you're going to be taking 47,000 out the reserve. 254 00:21:48,640 --> 00:21:52,799 » Yes. >> And you're going to pay if you don't use 255 00:21:50,799 --> 00:21:59,440 your reserve, then you're going to pay 180 leverage interest. 256 00:21:55,039 --> 00:22:04,159 » I know. So simple a minimum >> on simple interest is about $17,000 257 00:22:01,840 --> 00:22:07,679 total interest um >> per month 258 00:22:05,440 --> 00:22:11,039 » per total interest for 9 months. >> Yeah. Per month. 259 00:22:08,720 --> 00:22:15,840 » And the interest would be $1,800 a month. 260 00:22:11,760 --> 00:22:18,799 » Also the 50,000 tax to the next month. >> Month. Okay. 261 00:22:16,880 --> 00:22:22,799 » So we have another big letd down. We're going to have another million dollar 262 00:22:19,760 --> 00:22:28,320 bill plus 50,000. So where is the 676,000 263 00:22:26,159 --> 00:22:33,760 coming from? >> The down payment we have to make it 264 00:22:30,799 --> 00:22:37,919 would come from our electric bill from our electric 265 00:22:36,320 --> 00:22:43,440 » electric cash. >> So then it'd be 432501 266 00:22:41,280 --> 00:22:46,400 would come from reserves if we paid the whole thing. 267 00:22:44,080 --> 00:22:48,559 » No, it would come from our electric cash. 268 00:22:47,039 --> 00:22:55,200 » Electric. >> It doesn't come from reserves until 269 00:22:52,640 --> 00:22:58,840 over if it's 9 month. 270 00:22:59,039 --> 00:23:07,840 » No, she said total. You said >> simple interest is 17,000 total. 271 00:23:04,720 --> 00:23:12,480 » 17,000 total. >> No, she saidal. Simple. 272 00:23:11,039 --> 00:23:16,480 » That's what was throwing me off. I was like, 273 00:23:14,480 --> 00:23:23,320 » that's only $17,000. >> Mhm. 274 00:23:17,039 --> 00:23:23,320 » A for 9 months. It's $1,800 a month. 275 00:23:23,760 --> 00:23:29,520 » Most students and 276 00:23:26,159 --> 00:23:34,320 » I mean I I will verify that um with MPA, but they're going to give us a schedule. 277 00:23:32,320 --> 00:23:41,080 » Can we wait till Tuesday to make a decision on this and the next morning 278 00:23:37,360 --> 00:23:41,080 you let them know 279 00:23:43,600 --> 00:23:51,200 » and you can get all the information for us to make sure that it's right. 280 00:23:48,720 --> 00:23:54,720 I don't I don't know if it's that or this is an auto they autoraph this. 281 00:23:54,000 --> 00:23:58,039 » Oh >> So I don't 282 00:23:59,039 --> 00:24:05,120 » stop. >> Can we vote on this? 283 00:24:02,799 --> 00:24:09,280 And that's pending. You're right on your information. 284 00:24:05,919 --> 00:24:13,600 » I will verify tomorrow because this ties us up for nine months. 285 00:24:11,520 --> 00:24:20,320 And if we have another problem, >> we got another bill. We got another 286 00:24:14,960 --> 00:24:22,080 interest. Well, how how would we pay it? Payments 287 00:24:20,799 --> 00:24:28,559 » for 9 months. >> I I would say for your 1,800 for 9 288 00:24:25,600 --> 00:24:31,600 months and then if we pay it off early, >> get the numbers in like you're talking 289 00:24:30,080 --> 00:24:33,760 about >> 18,000 for 9 months, 290 00:24:33,039 --> 00:24:36,400 » right? >> You said 1,800. 291 00:24:35,120 --> 00:24:38,480 » Well, 1800. >> Okay. 292 00:24:36,720 --> 00:24:41,039 » Can we pay that off earlier? They still going to charge it that percent. 293 00:24:40,000 --> 00:24:45,679 » We can't pay it off early. >> A lot of loans are you pay that percent 294 00:24:43,039 --> 00:24:47,600 you pay it off early. There's nothing in the writing that says we can pay it off 295 00:24:47,200 --> 00:24:52,000 early. >> Can't pay it off early. 296 00:24:49,600 --> 00:24:54,640 » I think so. >> Well, 297 00:24:53,760 --> 00:24:59,679 this is truth. >> I remember that now. 298 00:24:58,000 --> 00:25:03,679 » My opinion is pay the whole thing, but that's up to this board. 299 00:25:01,600 --> 00:25:09,279 » I'm kind of there. >> I heard there too. I'm going that way 300 00:25:06,640 --> 00:25:16,919 too. Are there any projects that we could take out of capital improvement to 301 00:25:11,919 --> 00:25:16,919 improve the cash for electric? 302 00:25:19,120 --> 00:25:23,440 » No. >> We got to do that 303 00:25:22,000 --> 00:25:26,600 and we got to improve it. We're not going to improve. 304 00:25:27,840 --> 00:25:35,760 » This board >> has this ever happened before. 305 00:25:32,720 --> 00:25:39,039 » When was that? Um, >> did you pay it off or did you go 306 00:25:37,360 --> 00:25:41,440 » We're still paying it off. >> Is that 1.2 that we talked about 307 00:25:40,960 --> 00:25:45,360 earlier? >> We paid it off. That was the 1.2. 308 00:25:43,760 --> 00:25:48,240 » So, the customers paid it back over a 2-year time and we're paying it back 309 00:25:46,880 --> 00:25:51,240 over a 5year period. >> Okay. 310 00:25:51,840 --> 00:25:57,400 » So, we're still paying on the last. >> Yeah, that's the long. 311 00:26:02,000 --> 00:26:07,919 pay the total bill and take it out of it reserves what we need and pay back the 312 00:26:06,960 --> 00:26:12,720 reserves. >> We can't take it out of reserves or 313 00:26:10,080 --> 00:26:17,120 » out of the electric reserves >> you 314 00:26:14,240 --> 00:26:20,720 take it out of your cash but >> it comes out of your regular budget and 315 00:26:19,039 --> 00:26:22,720 once your budget is exhausted then you hit your reserves. 316 00:26:21,679 --> 00:26:24,799 » Yeah. >> Unfortunately 317 00:26:23,600 --> 00:26:29,200 » $10 something. >> Yeah. I pay the bill 318 00:26:27,360 --> 00:26:33,520 » and then we can pay it back when we get it in. 319 00:26:30,080 --> 00:26:37,360 » Yeah. We get it in slowly x back in. >> So the customers will pay a portion of 320 00:26:35,360 --> 00:26:41,840 this. It hits their PPA >> and if we need it if we need a rate 321 00:26:39,360 --> 00:26:46,559 adjustment and the electric we should study that and get a 322 00:26:44,080 --> 00:26:51,360 » we know that but just say >> we all this time 323 00:26:48,159 --> 00:26:57,600 » is we we're not discussing. I made a motion that we pay in full. 324 00:26:55,440 --> 00:27:00,600 also did the thing. >> Hey, 325 00:27:01,919 --> 00:27:05,440 yes. >> Yes. 326 00:27:04,799 --> 00:27:09,039 » Where am I? >> Yes. 327 00:27:07,039 --> 00:27:12,400 » Yes. >> Yes. 328 00:27:10,000 --> 00:27:15,760 » Yes. >> Can it be done? 329 00:27:13,919 --> 00:27:18,960 » It's going to totally limit your cash flow in the electric department. It's 330 00:27:17,360 --> 00:27:20,720 not my recommendation and it's really not yours. 331 00:27:20,000 --> 00:27:25,120 » It can be done. >> So, what happens if we have an ice 332 00:27:22,480 --> 00:27:26,960 storm? We got reserves. >> Yeah. 333 00:27:25,440 --> 00:27:30,880 » 2 what? Five. >> 2.6. Right now, 334 00:27:28,480 --> 00:27:33,520 » our reserves are for emergency. >> Yeah. 335 00:27:32,480 --> 00:27:36,400 1.5, >> but you transfer into your general fund 336 00:27:35,520 --> 00:27:39,840 every year. >> What's our $2.6 million draw at the 337 00:27:38,559 --> 00:27:43,360 bank? >> Your 2.6 does nothing in your electric 338 00:27:42,159 --> 00:27:47,120 department. It goes to your general fund, 339 00:27:44,080 --> 00:27:52,880 » right? But is it in the bank? >> It's a variable um 340 00:27:50,880 --> 00:27:57,039 variable every month. So it's roughly about two 2% at the bank, but it does 341 00:27:55,120 --> 00:28:01,600 nothing for your electric department, >> right? But we can if the electric part 342 00:27:59,760 --> 00:28:05,679 department needs money, we can pull money out of the reserves to help them. 343 00:28:04,399 --> 00:28:12,000 Correct? >> So I'd rather draw 2% interest than pay 344 00:28:08,240 --> 00:28:15,159 5%. That's just the way that >> I think. 345 00:28:17,679 --> 00:28:23,279 It's already passed. Yes or no? 346 00:28:24,159 --> 00:28:29,000 Well, trying to state a citizen a lot here. 347 00:28:31,120 --> 00:28:38,360 I want just because Jennifer recommends against it. I'm 348 00:28:35,360 --> 00:28:38,360 » Hey. 349 00:28:43,039 --> 00:28:48,760 All right. Moving on. 208. 350 00:28:49,279 --> 00:28:54,840 Move to have the third reading of bill number 2208. 351 00:28:55,600 --> 00:28:58,159 » Huh? >> Have a second. 352 00:28:56,960 --> 00:29:01,480 » Second. >> All in favor? 353 00:29:01,919 --> 00:29:07,360 » An ordinance authorizing the mayor of the city of Cuba, Missouri on behalf of 354 00:29:05,200 --> 00:29:10,720 the city of Cuba, Missouri to enter into an agreement with Crawford County Youth 355 00:29:09,039 --> 00:29:14,960 Football for the use of facilities located at Cuba Park. 356 00:29:14,399 --> 00:29:19,760 Have a >> motion second. 357 00:29:17,120 --> 00:29:24,399 » Ro. >> No, we got written first. 358 00:29:21,600 --> 00:29:27,399 » No, we just read >> confus. 359 00:29:31,039 --> 00:29:34,520 Yes, >> the same. 360 00:29:34,799 --> 00:29:40,480 » I guess really before I did that, I should have asked Sierra if everything 361 00:29:38,720 --> 00:29:43,919 was all right in that contract. >> Yes, sir. 362 00:29:41,360 --> 00:29:46,399 » You good with that? Okay. Sorry about that. 363 00:29:44,480 --> 00:29:50,080 » Okay. >> Motion to have the second reading of 364 00:29:47,840 --> 00:29:52,799 bill number 2208. >> Motion. 365 00:29:51,279 --> 00:29:56,640 » Second. All in favor? 366 00:29:53,840 --> 00:30:00,559 » I. >> An ordinance authorizing the mayor of 367 00:29:58,320 --> 00:30:04,000 the city of Cuba, Missouri on behalf of the city of Cuba, Missouri to enter into 368 00:30:02,399 --> 00:30:08,960 an agreement with Crawford County Youth Football for the use of facilities 369 00:30:05,840 --> 00:30:12,159 located at Cuba Hood Park. to accept deferred reading of bill 370 00:30:10,559 --> 00:30:15,279 number 2208. >> All right, you confused it. 371 00:30:13,200 --> 00:30:18,279 » Second proc. 372 00:30:19,200 --> 00:30:24,919 » Yes. >> American. 373 00:30:25,760 --> 00:30:34,559 » Yes. >> Bill number 228 becomes gardens 957 on 374 00:30:30,159 --> 00:30:41,480 this 12th day of February 2026. >> All right. The last one for joint. 375 00:30:38,159 --> 00:30:41,480 Get out of here. 376 00:30:42,559 --> 00:30:50,360 » I just I just want to wish my condolences to see her family 377 00:30:51,760 --> 00:30:57,799 and he was a good man. >> Mark 378 00:31:00,640 --> 00:31:05,880 family. I think we're >> allerg.