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Well, call the meeting [clears throat]
to order.

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» I pledge allegiance to the flag of the
United States of America, and to the

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republic for which it stands, one nation
under God, indivisible, with liberty and

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justice for all.

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» Amy, would you call roll, please?
>> Absolutely. Commissioner Deaton?

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» Here.
>> Commissioner Wolf?

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» Here.
>> Commissioner Wire?

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» Here.
>> Commissioner Bearish?

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» Here.
>> And Mr. Mayor Lindsey?

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» Here.
You have before you the agenda for

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today.

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Motion to approve the agenda as
presented.

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» Second.
>> We have a motion and a second. All those

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in favor, signify by saying aye.
>> Aye.

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» Aye.
Those opposed, same sign.

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Motion carries.
You have before you the consent

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calendar. Is there anything you want to
discuss on the consent calendar?

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If not, do I have a motion?
>> Move to approve the consent calendar as

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presented.
>> Second.

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» We have a motion and a second. All those
in favor, signify by saying aye.

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» Aye.
>> Aye.

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» Aye.
>> Those opposed, same sign.

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Motion carries.
Seeing no unfinished business,

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under new business,
approve the 2024

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annual financial report.
And Amy, would you like to address this,

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please?

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» Sure. This is just the formal accepting
of the annual report. It's already been

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filed with the Department of Legislative
Audit.

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» Okay.
No concerns or anything?

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» None at all.
>> Questions or comments?

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Seeing none, do we have a motion?
>> Make a motion to approve the 2024 annual

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financial report.
>> Second.

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» We have a motion and a second.
All those in favor signify saying aye.

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» Aye.
>> Aye.

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» Those opposed same sign.
Motion carries.

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Review of the 2027
nonprofit funding requests. And again,

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I'll ask Amy to address this to start.
>> Thank you, Mayor. We have 11

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applications this year for the 2027
funding request that total $487,000

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and 50 I'm sorry, $487,050.

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» And at this point in time, I do see some
people in the audience. Is there anyone

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from one of the nonprofits that would
like to speak?

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All right. Eric?

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» Uh Eric Ortness with the uh Greater
Madison Area Chamber of Commerce.

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Uh if it looks like I've been at a
baseball field for 50 hours over the

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weekend, that's because I I have been
hosting the state tournament in town.

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Um
our board of directors is um we we

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submitted an increase in in funding for
this year.

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We're making a
more of a

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direct focus on
bringing

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events, conferences, meetings,
tournaments

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to town.
And with our the way our sales tax

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revenue is
it's our hope that getting more people

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from out of town into Madison
will help drive the the sales tax

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numbers.
So, what I have handed out

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by no means is that a finished product.
Some of the pictures are just

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placeholders.
There's there's still quite a bit of

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work to do on that booklet.
But that is a booklet that will have

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available for
um

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event holders, tournament directors, uh
anybody that is looking to bring uh

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conferences to town. Uh it's kind of an
all-encompassing

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um booklet for
uh any type of event that might want to

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come to Madison. From lodging to
restaurants to meeting places.

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Um so, that's going to be our focus in
in 2027.

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Is looking to bring more of those things
to town.

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Uh
as you know, uh the bike jam that we

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started, uh that was kind of our first
uh dip into the water of new events. And

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any type of new event
takes money.

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Um
takes money to make money.

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Um so, we are
um

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looking to bring more types uh of those
things to town.

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But then there's also um as you you
know, there's all kinds of state

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associations and and regional meetings
that we can we can try and go after

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with the the additional funding request
that we've submitted for 2027.

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» Eric, can I clarify because in 2026 I
have you at 105,000

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and 2027 105 again, is there a change?
Or you're just

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» 2026
we

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we received a
uh cut to our funding. So, we we have

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85,000
>> Okay.

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» for 2026.
>> I just wanted to make sure on that.

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» 2025 we were at 95,000.
And then this year we are 85,000.

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And we're requesting 105,000 for 2027.

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» Correct. So,
you requested 105,000 in 26, we're

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approved for 85,000
>> Correct.

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» and are requesting again 105.
>> Correct.

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» Thank you.
>> [clears throat]

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[snorts]
>> This is very impressive. Thank you.

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It does highlight, you know, some of the
things in that Madison has to offer that

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you don't just normally think of and
that, you know, when you're

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looking at a town in that that you
haven't been to or you have been to

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before and you're bringing, you know,
someone in or a

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team in regardless of what sport or
activity or event it is. So,

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» Daniel and Rachel in our chamber office
that they have put that

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have been working on that.
Eventually we'll have a electronic flip

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book that we can just email off to
people

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and then have some actual printed
booklets

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available.
>> No, very nice. Very nice.

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» Other questions or comments?

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Any of the commission?

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No.
>> Well, thank you and you know, we're just

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in the beginning stages of our budget.
So at this point in time we have no

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answers.
>> Thank you.

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» Thank you.

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» Well, that's hard to follow cuz I don't
have a booklet. So Brooke Rologg, I'm

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the executive director for the Madison
Area Development Corporation. And we are

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the we are the arm of of development in
our area. One specific way we've focused

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on continuing to generate more revenue
for the city is through the industrial

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park expansion. Of course, you guys are
very close with all the projects that

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we've worked on the last handful of
years, but one great example was well

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we'll be next commission meeting we'll
present a new plat and another land sale

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increase property tax, but our ultimate
goal is how how can we be here to to

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make our continue to make our community
thrive

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through through property taxes, job
employment, and quality of life. These

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are all areas that we we feel we've made
great strides in the last handful of

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years, but we're definitely not taking
the foot off the gas. Like the goal is

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to keep going and keep pushing. How can
we find

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more ways for housing
and that industrial park and then

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obviously continue to
utilize the early learning center. But

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those are all great projects, all things
that have forward reaching commitments.

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And so as always I've greatly
appreciated your support. We couldn't

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have done it without you.
But again, we're not we're not looking

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to slow down anytime anytime soon. So
again, no pamphlet, but happy to answer

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any questions about what the next
handful of years or even 12 months looks

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like for for MADC.
>> Very good. Questions or comments from

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the commission?

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Well, thank you for what you've done so
far and and I support moving forward

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definitely.
>> Thank you guys for your continued

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support.
>> Thank you.

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Amy, it looks like we might want to
update our

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our names on there.
On your spreadsheet.

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To their new name.
>> From LAIC to MADC.

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Top row.
>> So, I will note that I did it on the one

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right below it, but missed the one above
it. So, I will definitely make that

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correction.
>> I will jump back into So, we are a DBA

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with MADC. So, our legal name will
always continue to be like Area

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Improvement Corporation. So, we cash
flow checks.

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» [laughter]
>> So, you weren't wrong after all, Amy.

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Well, thank you, Brooke.
>> [laughter]

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» Thank you.

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» Good afternoon.
Uh Mark Even here with the Senior

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Citizens Center with the my wife, Genie.
Uh

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uh
This year we're asking for 15,000. Last

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year we got 13,500.
And we'd like to bring that back up to

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15 if we could.
Uh

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I don't know if if uh many of you have
been out around the Senior Center, but

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you can see some of the improvements
that I've made to the senior that we've

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made to the Senior Center.
Over this last year we're finishing both

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of the bathrooms and in the process of
re-shingling our shed right now as we

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speak. So, uh things are happening
there. Uh the program's getting larger.

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Uh and uh
if you've been by on a Friday night, you

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can see that we've got a lot of action
going on there.

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So, uh
the monies that we have it has been well

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spent.
That you've given to us. And this next

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year in 2027, our big push is going to
be for a sign out front of the building.

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Right now, we we don't have any
advertisement or sign. People have a

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hard time trying to find a place. People
don't know where it's located. If you

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put it in your phone, it takes you to
the motorcycle shop.

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So,
we'd like to get electronic sign out

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front of the place, which is which is a
big push for us.

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That way we can advertise what programs
are going on and when and if they're

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canceled and and so forth.
Whether we're doing game game night or

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00:11:59,240 --> 00:12:03,240
game day or whatever, it can be
advertised

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uh
as so. Uh without our local newspaper,

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it's it's it's a little bit more of a
struggle like it is with everyone else

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to try and get the word out about what's
happening in Madison. I think probably

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for everyone, that's that's a challenge
as to what's happening around town. So.

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» The newspaper.
We still have one, but it's weekly.

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» Yeah, it's a weekly paper. Yeah, so.
Uh I guess with that that's uh

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that's what we're asking for.
>> Energy.

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No, but we we looked at the demographics
and 35% of the residents in Lake County

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would be eligible to be considered
seniors.

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00:12:43,680 --> 00:12:50,680
And we just feel like that's a large
percentage of the population of Lake

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County and we draw in people from other
communities as well that come here on

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Fridays and
eat at the local Dairy Queen or Pizza

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00:12:57,720 --> 00:13:02,960
Ranch or Las Tapatías or all the
restaurants, you know, and so putting

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00:13:01,560 --> 00:13:07,000
money back in
to the Madison community.

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00:13:05,360 --> 00:13:10,800
» And I've been out there in that and I've
seen you've really made them some major

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improvements out there. It really is
nice.

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» We've just got more to go.
>> Yeah.

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Any other questions or comments?

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00:13:20,360 --> 00:13:24,839
Okay. Well, thank you.
>> Thank you.

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00:13:22,680 --> 00:13:24,839
» Yes.

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00:13:26,969 --> 00:13:28,989
» [clears throat]

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00:13:32,000 --> 00:13:37,360
» Is there anyone else here in that from a
non-profit that would like to speak?

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00:13:41,720 --> 00:13:47,600
If not, thank you I thank you for
everyone who's here and again this is

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00:13:45,080 --> 00:13:51,440
the beginning of our budgeting process
and so

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we don't have any answers at this point
in time, but we will definitely keep the

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requests and that
in consideration. So

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00:13:58,000 --> 00:14:04,000
with that
I'll move on to number eight.

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00:14:01,720 --> 00:14:08,440
» Mr. Mayor, was there a couple additional
ones Amy that come in late? I didn't

190
00:14:06,800 --> 00:14:15,560
» They there were two actually, yeah.
Madison area Arts Council and the

191
00:14:13,680 --> 00:14:20,040
um
museum came in late. Oh, they didn't

192
00:14:18,320 --> 00:14:24,960
come in late. They came in on Friday
afternoon. Um I did send those out to

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00:14:22,160 --> 00:14:30,440
you guys. So those um the Arts Council
submitted a request for

194
00:14:28,080 --> 00:14:34,400
12,500
and the

195
00:14:32,400 --> 00:14:38,640
museum
submitted a request for 27,800.

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00:14:39,400 --> 00:14:46,600
» So where the two empty spots are on the
page here, they did come in and fill

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00:14:44,040 --> 00:14:50,160
those in with the same request as last
year. So thank you for bringing that

198
00:14:48,120 --> 00:14:54,600
forward.
And then the funding for Habitat uh they

199
00:14:52,760 --> 00:14:57,000
did not send in an application this
year.

200
00:14:55,360 --> 00:15:01,040
» They did not and they did not um the
previous year as well. We talked about

201
00:14:58,800 --> 00:15:05,240
removing them, but it changes the the
data historically on the spreadsheet, so

202
00:15:03,320 --> 00:15:10,280
we just left them there.
>> Yep.

203
00:15:06,760 --> 00:15:10,280
Other questions or comments?

204
00:15:12,360 --> 00:15:18,520
Jameson, when do you have the first
preliminary budget numbers?

205
00:15:16,920 --> 00:15:19,920
Couple weeks.
I guess I'd defer to Amy.

206
00:15:19,520 --> 00:15:23,480
» For Amy?
>> First the budget.

207
00:15:21,560 --> 00:15:27,000
» Yeah, towards the end of August we will
see those and then we have to reach back

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00:15:25,360 --> 00:15:30,080
out to non-profit funding the first part
of September.

209
00:15:27,960 --> 00:15:33,280
» Okay.
>> We would certainly take any direction

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00:15:31,480 --> 00:15:38,280
that you'd have today. Obviously, it's
going to be contingent on how the

211
00:15:35,320 --> 00:15:41,480
broader budget shapes up. I think the
the lesson that I see looking through

212
00:15:39,920 --> 00:15:44,600
the request for this year is that most
entities are looking to get back to

213
00:15:42,760 --> 00:15:47,760
where they were previously before last
year's cuts

214
00:15:45,720 --> 00:15:51,120
or you know, we're on track with the
same requests as they had last year. So,

215
00:15:49,720 --> 00:15:56,280
any direction we would be happy to take
but we can certainly incorporate this

216
00:15:52,880 --> 00:16:00,000
into future budget discussions, too.
>> Yeah, I think once we get more budget

217
00:15:57,840 --> 00:16:04,880
information, look at that, we can
get some responses back to these folks.

218
00:16:03,160 --> 00:16:09,760
» We have department head budget reviews
this week and next. So, once I have that

219
00:16:06,960 --> 00:16:14,160
information into the system, I'll have
some pretty good preliminary numbers for

220
00:16:11,760 --> 00:16:16,600
us to go off of.
>> Thank you.

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00:16:16,680 --> 00:16:20,160
» Other questions or comments?

222
00:16:23,960 --> 00:16:29,560
All right, then I'll move on to number
eight.

223
00:16:26,600 --> 00:16:34,240
Authorize the sale of renewable energy
credits RECs.

224
00:16:31,839 --> 00:16:37,800
Mike, would you like to address that?
>> Yeah, so

225
00:16:35,880 --> 00:16:40,200
what we're looking at with RECs is that
is

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00:16:39,240 --> 00:16:44,120
uh
trait of the energy that's produced that

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00:16:42,440 --> 00:16:47,920
we purchased from WAPA.
It's basically a renewable energy

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00:16:45,360 --> 00:16:51,040
credit. Right now, they don't have a lot
of

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00:16:48,960 --> 00:16:55,040
value if we hang on to them.
They're managed by

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00:16:52,800 --> 00:16:57,880
Heartland Energy
and you can see the the snapshot at the

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00:16:56,760 --> 00:17:01,760
bottom.
Uh

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00:16:59,040 --> 00:17:06,000
that uh the value of what we would have
on hand. Um

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00:17:04,560 --> 00:17:08,520
So, I guess what we're asking is just
the

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00:17:07,160 --> 00:17:12,400
um
for the commission to recommend the the

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00:17:10,040 --> 00:17:17,000
approval of the sale and that Heartland
Energy to conduct negotiations on our

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00:17:14,480 --> 00:17:17,000
behalf.

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00:17:17,040 --> 00:17:21,600
» Can you explain, Mike, are these
accumulated or

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So, if
>> They're They're accumulated year by

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00:17:23,439 --> 00:17:25,079
year.
>> Okay.

240
00:17:24,319 --> 00:17:26,079
» Yes.
Yep.

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00:17:25,839 --> 00:17:29,120
And then
>> And then if you could explain a little

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00:17:27,240 --> 00:17:33,920
bit more for the general public as to
why we receive them and why they aren't

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00:17:31,480 --> 00:17:38,320
any benefit to us because they are more
of a benefit to taxable agencies. Am I

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00:17:37,040 --> 00:17:42,200
correct on that?
>> Correct. There's no requirement from the

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00:17:40,080 --> 00:17:46,800
state for us to show that we have a
renewable attribute towards the energy

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00:17:44,520 --> 00:17:49,440
uses that we have.
Correct.

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00:17:47,560 --> 00:17:54,840
» But other companies and that that are
taxable and that these do have value to

248
00:17:52,600 --> 00:17:59,920
them and that's what gives us the
ability to say, well, we can't use them,

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00:17:57,920 --> 00:18:02,240
but we can turn them into cash for the
city of Madison.

250
00:18:01,200 --> 00:18:04,360
» Correct.
>> Okay.

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00:18:05,320 --> 00:18:12,000
Any other comments?
>> Mr. Mayor, I'm going to abstain from

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00:18:09,800 --> 00:18:16,520
this vote just because I work at
Heartland and they're going to do the

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00:18:13,760 --> 00:18:19,960
sale of them, so.
>> And again, it's an open sale, so we

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00:18:18,160 --> 00:18:25,320
don't know the exact value, but on the
sheet in front of us gives us some ideas

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00:18:22,560 --> 00:18:31,280
and that, you know, uh based on whatever
they may sell for, so.

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00:18:28,760 --> 00:18:38,640
» And I'll note that the the historical
wrecks from 2024 25 are do not have uh

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00:18:35,920 --> 00:18:44,480
as much value as our estimated 2026
thousand wrecks or 2026 wrecks.

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00:18:42,680 --> 00:18:48,320
So, they're as soon as they fall off and
they become they become an older a year

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00:18:46,520 --> 00:18:51,280
older, they lose value.
>> Mhm.

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00:18:50,080 --> 00:18:55,560
All right.
>> Have we sold them in the past?

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00:18:53,080 --> 00:18:59,280
» No, we couldn't uh
with the addendum to the contract that

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00:18:57,000 --> 00:19:03,640
we signed earlier in the year with WAPA,
um that allows us to sell our renewable

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00:19:01,880 --> 00:19:06,200
energy credits, so we have not in the
past.

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00:19:07,240 --> 00:19:13,480
» Other questions or comments?
>> Uh the revenue that we get from the sale

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00:19:11,840 --> 00:19:17,280
of these credits, does that go back into
the enterprise fund?

266
00:19:15,280 --> 00:19:19,880
» Correct. That stays in the electric
fund. Yep.

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00:19:21,920 --> 00:19:25,480
» Other questions or comments?

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00:19:26,880 --> 00:19:34,040
If not, do we have a motion? And Amy,
would you take roll on this, please?

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00:19:31,560 --> 00:19:34,040
» Yes.

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00:19:36,000 --> 00:19:43,720
» I'll make a Go ahead. Go ahead.
>> I'll make a motion to approve the sale

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00:19:39,480 --> 00:19:47,720
of our renewable energy energy credits.
>> Second.

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00:19:45,160 --> 00:19:54,200
» We have a motion and a second. All those
in favor, then that signify by saying I

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00:19:50,840 --> 00:19:54,200
uh when your name is called.

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00:19:54,320 --> 00:19:57,880
» So,
do I call Kelly or

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00:19:56,280 --> 00:20:00,080
» Yes, you call everybody.
>> Um

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00:20:00,160 --> 00:20:04,720
Commissioner Dipdal?
>> Abstain.

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00:20:03,160 --> 00:20:07,120
» Commissioner Wolfe?
>> I.

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00:20:06,160 --> 00:20:10,000
» Commissioner Wire?
>> I.

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00:20:07,840 --> 00:20:12,440
» Commissioner Barish?
>> I.

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00:20:10,880 --> 00:20:15,600
» And Mr. Mayor Lindsey?
>> I.

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00:20:14,320 --> 00:20:19,880
» Thank you.
>> Okay.

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00:20:17,880 --> 00:20:24,440
Motion carries.
With that, we'll move into number nine,

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00:20:22,080 --> 00:20:28,240
the August financial reports. And now,
I'll ask Jameson to cover these.

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00:20:29,560 --> 00:20:33,680
All right. We're going to turn it over
to Amy.

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00:20:36,720 --> 00:20:43,320
» Okay, this is the finance update for
August, which is on June numbers, which

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00:20:40,720 --> 00:20:48,640
is halfway through the year.
Um 2027 budget development continues.

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00:20:46,720 --> 00:20:54,560
Department operating budgets were due
August 1st, and capital requests are due

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00:20:51,360 --> 00:20:59,440
August 15th.
26.

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00:20:57,520 --> 00:21:05,880
Um we continue working with Williams and
Company to finalize the 2025 audit. I

290
00:21:02,960 --> 00:21:09,920
expect that to be back and completed um
here in a couple weeks. I've been really

291
00:21:07,760 --> 00:21:13,480
efficiently working through everything
that we've submitted, so happy to have

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00:21:11,880 --> 00:21:18,800
that one behind us.
Uh the 2024 annual report, which um we

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00:21:17,480 --> 00:21:23,520
just talked about earlier in this
meeting, has been filed with DLA.

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00:21:21,520 --> 00:21:29,200
The up This update reflects year-to-date
activity through June, which is 50% of

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00:21:25,840 --> 00:21:29,200
the fiscal year completed.

296
00:21:29,240 --> 00:21:38,920
Cash on hand in general cash, we have
11.9 million. Investments, 2.73 million.

297
00:21:36,360 --> 00:21:45,440
Checking, 6.19.
Money market, 574,000.

298
00:21:42,120 --> 00:21:51,440
Certificates and other, 832.
The electric construction count, 1.58

299
00:21:49,000 --> 00:21:54,440
million. And in restricted cash, we have
647,000.

300
00:21:56,680 --> 00:22:04,920
Our revenue guidelines for June.
And overall, most funds remain in a

301
00:22:02,120 --> 00:22:10,360
mid-stable position for the mid-year.
With the largest variances driven by

302
00:22:07,160 --> 00:22:14,080
timing of transfers and debt proceeds in
capital projects.

303
00:22:12,400 --> 00:22:18,600
The general fund is ahead on revenue
because of transfers that were completed

304
00:22:16,120 --> 00:22:22,840
early in the year, while sales tax and
grant revenues are below projections or

305
00:22:20,800 --> 00:22:27,000
not recorded at this time.
General fund expenses remain under

306
00:22:25,080 --> 00:22:30,920
budget overall.
And this is largely because several

307
00:22:28,640 --> 00:22:34,120
capital projects and contingency funds
have not been used.

308
00:22:39,320 --> 00:22:42,640
Expenditure guidelines.

309
00:22:52,720 --> 00:22:56,040
Profit loss for June.

310
00:22:57,400 --> 00:23:04,040
» Amy, can I ask a question here? Um I'm
I'm to show my continued ignorance at

311
00:23:01,760 --> 00:23:10,920
trying to figure out how the heck uh tax
increments work. Um why do we have

312
00:23:06,880 --> 00:23:14,400
expenditures on tax increment districts?
Let's see.

313
00:23:12,760 --> 00:23:19,760
Three
three, five, and six that are not

314
00:23:16,040 --> 00:23:19,760
aligning with the revenues.

315
00:23:22,000 --> 00:23:29,200
» It's just the timing of when that comes
in and goes out. So when when they come

316
00:23:26,880 --> 00:23:35,960
back in, that'll balance each other out.
It's just a path through. There's only

317
00:23:32,080 --> 00:23:35,960
Do you remember which TIF it is that we

318
00:23:36,080 --> 00:23:41,240
TIF number three is the only
Yeah.

319
00:23:41,560 --> 00:23:48,680
There's only one TIF that we receive or
or retain part of the funds and it's 25%

320
00:23:46,760 --> 00:23:55,120
of the increment that we keep and I
believe that's TIF three.

321
00:23:51,760 --> 00:23:55,120
For Peaceful Pines.

322
00:24:02,680 --> 00:24:07,720
» So next month's report, they might look
more in balance.

323
00:24:06,920 --> 00:24:12,880
» Yeah, it just depends.
>> It may be November when taxes come in,

324
00:24:10,920 --> 00:24:17,840
you know, from the property taxes that
cover the TIFs.

325
00:24:15,480 --> 00:24:20,720
So it may not show up, you know, as soon
as you were

326
00:24:19,120 --> 00:24:23,840
as we would expect it to, you know,
being in the next month.

327
00:24:22,640 --> 00:24:29,320
» Yeah, so we would see that in the
December report because we don't get the

328
00:24:25,520 --> 00:24:29,320
money from the county until after.

329
00:24:42,240 --> 00:24:44,960
» That's it. Thank you.

330
00:24:45,040 --> 00:24:49,520
» Year-to-date
profit loss

331
00:25:04,240 --> 00:25:11,520
» Sales tax.
Which shows us um for the year at a

332
00:25:08,520 --> 00:25:11,520
-5.21%.

333
00:25:20,480 --> 00:25:23,960
And then the sales tax graph.

334
00:25:29,920 --> 00:25:36,400
And our rolling average for June has us
at 2.03% negative.

335
00:25:42,840 --> 00:25:46,240
And any other questions?

336
00:25:46,720 --> 00:25:49,920
» Questions or comments?

337
00:25:58,960 --> 00:26:03,800
Okay, seeing none. Do we have any public
comment?

338
00:26:08,360 --> 00:26:15,240
Okay.
Seeing none. Under announcements, our

339
00:26:12,640 --> 00:26:22,480
next regular commission meeting
will be Monday, August 17th at 5:30 p.m.

340
00:26:20,840 --> 00:26:27,080
And with that, I want to thank everyone
who's here.

341
00:26:23,720 --> 00:26:30,200
And do we have a motion to adjourn?
>> So moved.

342
00:26:28,960 --> 00:26:34,880
» Second.
>> We have a motion and a second. All those

343
00:26:32,760 --> 00:26:39,320
in favor signify by saying aye.
Aye.

344
00:26:36,760 --> 00:26:44,800
Those opposed same sign.
Motion carries.

345
00:26:41,160 --> 00:26:44,800
Again, thank you for everyone.

346
00:27:00,760 --> 00:27:03,640
» No, very good.