1 00:04:22,660 --> 00:04:25,180 Recording in progress. 2 00:04:28,660 --> 00:04:29,300 Thank 3 00:04:32,340 --> 00:04:34,560 you, Madam Clerk, would you take roll call, please? 4 00:04:35,720 --> 00:04:38,220 Good evening, Council Member Janda. 5 00:04:38,600 --> 00:04:38,780 Present. 6 00:04:39,180 --> 00:04:40,140 Council Member Broadway. 7 00:04:40,520 --> 00:04:40,640 Here. 8 00:04:41,140 --> 00:04:41,740 Vice Mayor Bass. 9 00:04:42,220 --> 00:04:42,340 Here. 10 00:04:42,560 --> 00:04:43,640 Council Member Holden. 11 00:04:44,040 --> 00:04:45,020 Mayor Geldo. 12 00:04:45,360 --> 00:04:45,460 Here. 13 00:04:46,580 --> 00:04:47,420 Thank you. 14 00:04:47,960 --> 00:04:55,240 First item is our agenda review, any adjustments, changes, all right, seeing them and we will move 15 00:04:55,240 --> 00:04:59,880 move on to the first open portion of the meeting is for citizens of 16 00:05:00,000 --> 00:05:29,800 I see in the city council, it's an opportunity for any citizen to address the council on any item that isn't listed on the agenda. And we'd like to offer you three minutes to come and speak. If I have any cards, I have not received any comment cards. All right, no comment cards, but I'll give you that opportunity just in case you are dying to get up here. And I see none. We will move on and close that and move on to reports from city council and the city assistant city manager today. And I'll start with council member Holden. 17 00:05:29,800 --> 00:05:30,760 Thank 18 00:05:33,350 --> 00:05:33,910 you, Madam Mayor. 19 00:05:34,370 --> 00:05:36,950 Just wanted to report on a few things. 20 00:05:37,890 --> 00:05:42,150 The Western Plaster Waste Management Authority met earlier this month. 21 00:05:43,090 --> 00:05:57,350 We are fully installed with all of our new equipment to help us achieve higher trash diversion rates than we've had to deal with before coming from the state. 22 00:05:57,350 --> 00:06:10,650 I think things are headed in the right direction, at this point we're a little short, so we've had some tough conversations with the operator to see if we can start hitting those goals by the end of October. 23 00:06:11,030 --> 00:06:19,190 So, looking forward to that, I did ask the staff is anybody hitting the goals and then I was told no. 24 00:06:21,350 --> 00:06:27,990 So, you know, I think we're way ahead of the game, Cal Recycle continues to showcase our 25 00:06:27,990 --> 00:06:32,850 facility as kind of a model out there right now, so that's pretty exciting. 26 00:06:33,870 --> 00:06:38,790 A little bit down the road, we're going to have a big kind of celebration of all the stuff 27 00:06:38,790 --> 00:06:42,430 and everything come and check out all the new equipment and how it's working. 28 00:06:42,430 --> 00:06:46,690 So just a few events I want to mention, you know, 29 00:06:46,810 --> 00:06:52,830 attended Patriot Day and Mayor did a great job with remarks 30 00:06:52,830 --> 00:06:56,090 that day and a nice turnout from the community. 31 00:06:57,010 --> 00:07:01,990 The hot chili cool cars parade through town was fun. 32 00:07:02,930 --> 00:07:05,910 You know, it's the accidental tradition that got created 33 00:07:05,910 --> 00:07:09,670 by COVID and now we can't shake it. 34 00:07:09,670 --> 00:07:18,990 And then also attended the secret garden groundbreaking by the library in honor of the first Rockland librarian. 35 00:07:19,890 --> 00:07:31,030 I heard some good stories about her so that was interesting, it's going to be a nice little garden behind City Hall, so that's my report. 36 00:07:31,030 --> 00:07:33,230 Thank you, Vice Mayor Bass. 37 00:07:34,290 --> 00:07:34,830 Thank you. 38 00:07:35,790 --> 00:07:43,210 So I was, so I'm the alternate for pioneer energy and I got to sit in on the last meeting. 39 00:07:43,990 --> 00:07:46,710 Talked about two somewhat important issues. 40 00:07:47,190 --> 00:07:53,090 The first being what's called PCIA, which is the power charge in difference adjustment, 41 00:07:53,090 --> 00:07:57,950 which is a word salad that I didn't understand originally. 42 00:07:57,950 --> 00:08:07,270 but basically, it's an exit fee that we pay to leave PG&E and the interesting thing is in 43 00:08:07,270 --> 00:08:15,470 the next coming years PG&E is going to try and kind of work kind of backdoor it to increase 44 00:08:15,470 --> 00:08:21,230 that fee so that they make more money and they make people who leave PG&E pay more. 45 00:08:22,530 --> 00:08:29,110 An interesting piece of it is right now the fight is over battery capacity, essentially, 46 00:08:30,490 --> 00:08:36,790 the PCIA increases because you're paying for infrastructure and as it was explained 47 00:08:36,790 --> 00:08:42,650 to us, the PCIA is calculated because they're going to say PG&E is going to say that the 48 00:08:43,530 --> 00:08:48,310 market value of capacity is down to increase the indifference charge but then at the same 49 00:08:48,310 --> 00:08:53,430 time get credit from the CPUC because they're increasing grid capacity. 50 00:08:54,310 --> 00:08:56,990 So they're basically speaking out of both sides of their mouth. 51 00:08:58,010 --> 00:09:02,670 It's worthless when they're calculating our charges and it's priceless when it comes to a capacity. 52 00:09:03,710 --> 00:09:17,590 So the end result is that in the background right now there's a lot of wrangling going on for PG&E to kind of win the day with CPUC and increase charges for everyone else. 53 00:09:17,590 --> 00:09:23,450 that's part of these community choice aggregators, which is what pioneer is basically. 54 00:09:24,310 --> 00:09:26,610 The second thing that we talked about was expansion. 55 00:09:27,650 --> 00:09:29,810 It continues to be a subject. 56 00:09:31,570 --> 00:09:37,670 Interestingly, the last time I was the alternate, I was there for this conversation and so here 57 00:09:37,670 --> 00:09:44,450 I am delivering this kind of the same message, which is accidentally I was were aligned Greg 58 00:09:44,450 --> 00:09:51,130 and I, Councillor Agenda, which is that, you know, Rocklin was there at the very beginning. 59 00:09:51,410 --> 00:09:53,950 We're one of the largest jurisdictions, if not the largest. 60 00:09:54,350 --> 00:09:56,810 And we've paid in quite a bit. 61 00:09:57,110 --> 00:09:59,790 And so, when we're expanding pioneer. 62 00:10:00,000 --> 00:10:29,920 The new members were deluding the vote essentially. And we're going to be at 22 members, I think that's the right number. And then now we just discussed adding four more. And so I was the sole no vote. I want to take full accountability for that. I don't think that it's right. And I think that the fiduciary responsibility that I have to the city is that we need to maintain the strength of our vote. And we're not going to get it. 63 00:10:29,920 --> 00:10:36,400 Not only to mention that, once you get to about 30 members, I don't see how you can even run a meeting 64 00:10:37,100 --> 00:10:40,740 when you're talking about things like the PCIA, which is already difficult enough. 65 00:10:41,200 --> 00:10:46,620 So I think that we need to start looking at weighted voting or districts, 66 00:10:47,140 --> 00:10:50,740 something to that effect because it's going to be unimaginable. 67 00:10:50,900 --> 00:10:55,160 How we're going to run pioneered energy efficiently, and especially for 68 00:10:55,160 --> 00:11:02,960 Rockland, which is just too big of a member, so that's Pioneer Energy, the two other things are much more pleasant. 69 00:11:03,400 --> 00:11:11,620 Mr. Riceman, can I just mention, when we joined Pioneer, we asked for weighted voting, they gave us weighted voting, and then they took it away. 70 00:11:12,740 --> 00:11:21,360 So it's really annoying that they took it away and those little conspiracy that did that. 71 00:11:21,360 --> 00:11:27,480 And, you know, I think we need to push that again because as you note, you know, I mean, 72 00:11:27,500 --> 00:11:32,600 when we started Pioneer, we were the biggest, and I guess alongside the Academy, we were 73 00:11:32,600 --> 00:11:34,280 about the same as the Academy, so I didn't. 74 00:11:34,560 --> 00:11:41,160 Yeah, and I will say this, I don't want to begrudge the smaller players that are a part 75 00:11:41,160 --> 00:11:42,120 of Pioneer. 76 00:11:42,260 --> 00:11:46,680 I mean, you know, Colfax and our neighbors that were there first, I kind of give them a 77 00:11:46,680 --> 00:11:49,340 little bit of credence, but we have groups that are coming in. 78 00:11:49,340 --> 00:11:53,660 And I don't even know if the next four that are coming in equate to our population. 79 00:11:54,340 --> 00:11:56,120 And four times don't make a dollar. 80 00:11:56,640 --> 00:12:01,520 So I just don't see why I would vote yes. 81 00:12:02,420 --> 00:12:04,020 And so I just wanted to explain my vote. 82 00:12:04,360 --> 00:12:10,100 Even to those communities, if God knows they're listening, but I voted no when I was the sole no vote. 83 00:12:11,600 --> 00:12:18,480 And the second thing is we had a parks and rec meeting to talk about the new parks plan 84 00:12:18,480 --> 00:12:24,640 that we're starting to bring into focus and just great job by parks. 85 00:12:25,310 --> 00:12:30,940 Had a great turnout to discuss the Western area of three parks, 86 00:12:31,200 --> 00:12:34,360 Kathy Lund, as Vito and the new Whitney park. 87 00:12:34,860 --> 00:12:40,400 So just great turnout and thanks for everyone within the city that was part of that. 88 00:12:41,080 --> 00:12:45,720 Finally, just a shout out to the Rockman Community Theatre next two weeks. 89 00:12:45,720 --> 00:12:50,280 They're going to be doing Beetlejuice, I believe, so I won't say three times. 90 00:12:51,080 --> 00:12:53,480 And so get your tickets. 91 00:12:54,040 --> 00:12:54,240 Thanks. 92 00:12:55,420 --> 00:12:56,200 Thank you. 93 00:12:56,720 --> 00:12:57,820 Council Member Browdway. 94 00:12:59,020 --> 00:13:00,100 Thank you, Madam Mayor. 95 00:13:00,340 --> 00:13:01,440 Just a couple of quick items. 96 00:13:02,120 --> 00:13:07,100 On Wednesday, August 10th, I had the opportunity to attend a ribbon cutting in the Commons 97 00:13:07,100 --> 00:13:11,200 and Crossing Shopping Center, and we welcomed Mancini's sleep world. 98 00:13:11,200 --> 00:13:40,620 It's a new business there, it's located next door to a Trader's Joe's and as the Mancini team said then they said you can now rest easy in Rockland so if you're looking for a mattress, it's a great option and we're happy to have them as a new business here in Rockland on Wednesday, August 17th, I attended the Capital Corridor Joint Powers Authority Board meeting in Susan City, we reviewed nine of the major projects that were focusing on for passenger rail 99 00:13:40,620 --> 00:13:50,520 The current CCJPA funding is $391,699,000. 100 00:13:50,800 --> 00:14:00,940 And that may sound like a lot until you find out that our nine projects equate to $1,285,000,000. 101 00:14:00,940 --> 00:14:28,560 In so the two primary projects were focused on is one, the third track, which is third track phase one, from Roseville to Sacramento, which would increase significantly the number of passenger rail segments that we have available to our residents who are working in the Sacramento area, and also just going into Sacramento for baseball gauges and different activities and then traveling back to our community, keeping them off of interstate 80. 102 00:14:29,400 --> 00:14:34,140 And that is a cost of $438 million. 103 00:14:34,480 --> 00:14:40,300 We currently have set aside about $152 million of that. 104 00:14:40,860 --> 00:14:48,180 And then the second piece of it is the South Bay Connect, which is Oakland, San Jose, and these all connect together. 105 00:14:48,480 --> 00:14:57,320 So the more segments we have available for residents who are living and working in our area and then working in the Bay Area or working in Sacramento. 106 00:14:57,320 --> 00:14:59,300 the more options they have. 107 00:15:00,000 --> 00:15:29,980 The more they will utilize it, and we saw a lot of that pre-COVID, but a number of segments went away post-COVID where we're working to get those back. That cost is about 640 million, and we have almost just almost 300 million of that. We're currently monitoring the availability and pursuing when available both state and federal grants, so we'll continue to monitor that. We know that the TNI, everyone's hearing about what's happening in Washington right now, 108 00:15:29,980 --> 00:15:34,800 with budgets and extensions and different things, but we'll be working to ensure that when 109 00:15:34,800 --> 00:15:38,700 the budgets are in place and financing is available, we're seeking financing. 110 00:15:39,980 --> 00:15:46,960 And then, and I know Jill with our say cog focus on some of the solutions we're also setting 111 00:15:46,960 --> 00:15:55,720 aside 10 million to assist with moving the vehicle mile traveled counts down and utilizing 112 00:15:55,720 --> 00:16:03,860 some of the solutions that Saikog is proposing, so I also attended the Rock on Unified School District Board meeting that night. 113 00:16:04,560 --> 00:16:12,440 Chief Banks gave a fantastic presentation highlighting some of the challenges we're experiencing with e-bikes in our community. 114 00:16:12,940 --> 00:16:24,800 I really want to give kudos to the chief for a fantastic presentation and for his willingness to collaborate with the school district to see what we can do to help address 115 00:16:24,800 --> 00:16:32,180 Last number of these challenges is to ensure that everyone, whether you're a pedestrian who's walking on the sidewalks, 116 00:16:32,180 --> 00:16:36,720 you're one of these youths that's on a bike or you're an individual driving your car, that everyone is safe in our community. 117 00:16:36,940 --> 00:16:40,900 And I look forward to further discussions with the school district on potential solutions. 118 00:16:41,900 --> 00:16:50,700 And then Friday, Council Member Holden mentioned, Friday and Saturday we had the opportunity to participate in hot chili co-cars. 119 00:16:50,700 --> 00:16:56,780 We had 100 cars and a cruise through our community Friday night and then 200 of those beautiful 120 00:16:56,780 --> 00:17:02,180 classic cars parked just right outside the window here for people to view and enjoy 121 00:17:02,180 --> 00:17:06,980 on Saturday and they also included some wonderful chili with that. 122 00:17:07,280 --> 00:17:11,600 So you had a lot of opportunity to just come out and enjoy the day and I want to thank our 123 00:17:11,600 --> 00:17:16,260 Chamber of Commerce as well as our staff for all the hard work that went into putting on 124 00:17:16,260 --> 00:17:18,660 that event and ensuring that it was well coordinated. 125 00:17:18,660 --> 00:17:29,780 And then finally, I just want to share one of our nonprofits, the Rockland Educational Excellence Foundation which helps support our schools with both teacher grants and scholarships. 126 00:17:30,140 --> 00:17:41,360 We'll be hosting their annual Starlight Swari right here outside at Quarry Park and that will be on Thursday, October 9th from 6 to 9 p.m. 127 00:17:41,360 --> 00:17:53,380 So if you want to enjoy some wonderful food from Chef Eric at the chef's table, and you want to just come together to help support education in Rockland, it's a great opportunity to do so for transparency. 128 00:17:53,820 --> 00:18:00,020 I do want to share that I am the secretary on the reef board, but I do want to promote just as we talked about our theater group. 129 00:18:00,420 --> 00:18:05,180 I want to talk about our other groups that are doing great things for our community, and that's all I have met a mayor. 130 00:18:06,100 --> 00:18:08,040 Thank you. Councilmember Janna. 131 00:18:08,040 --> 00:18:13,960 Yeah, I just want to thank Vice Mayor Bass for filling in for me last week a pioneer 132 00:18:13,960 --> 00:18:22,700 and start a couple additional comments so one potential member coming in is in Tulare 133 00:18:22,700 --> 00:18:29,520 which is even South of Fresno and Paradise which is outside of Chico so it was about 300 miles 134 00:18:29,520 --> 00:18:37,300 between and communities everywhere in between along this side of the Sierra's and our current 135 00:18:37,300 --> 00:18:44,700 start meetings with 11 members goes two hours plus to try to get close to 30 members spread 136 00:18:44,700 --> 00:18:50,700 out over 300 floccals. It's going to be very difficult. I mention that as I'm also on 137 00:18:51,400 --> 00:18:57,540 the governance committee of Pioneer. We've got a few different committees. In our regular 138 00:18:57,540 --> 00:19:04,540 meeting I've voiced similar concerns. I appreciate Vice Mayor Bass speaking up. It's not always 139 00:19:04,540 --> 00:19:10,860 It's easy for an alternate that doesn't, isn't there all the time to kind of jump in and challenge, but so I really appreciate them doing that. 140 00:19:11,680 --> 00:19:15,260 And it's the same, same thing I've been saying all along every time expansion comes. 141 00:19:16,160 --> 00:19:21,480 I brought up the way to voting, there's virtually no appetite to bring back way to voting. 142 00:19:21,700 --> 00:19:25,680 Unfortunately, I'd mentioned districts, there's possibly some traction. 143 00:19:25,800 --> 00:19:29,360 I'm going to continue to push that to have some way of bouncing out and 144 00:19:29,360 --> 00:19:37,160 And also reducing the overall size of the board to make it palatable and governable. 145 00:19:37,400 --> 00:19:44,180 And essentially, I think what happens is if you have so many spread out folks not coming 146 00:19:44,180 --> 00:19:51,080 in person, not really engaging staff tends to sort of just run things, you know, which we 147 00:19:51,080 --> 00:19:56,020 really need the oversight, especially on that type of organization. 148 00:19:56,020 --> 00:19:59,300 So, again, appreciate you filling in and speaking up. 149 00:20:01,520 --> 00:20:31,380 I know recently in the news that Governor signed some legislation that supposedly was going to impact or reduce our energy costs. Is there been any conversation or any information that Pioneer maybe has that we don't have? No. As of right now, there hasn't been anything that's measurable. A big part of the spike in energy costs, not even talking about the PCIA, is this resource adequacy. 150 00:20:31,380 --> 00:20:36,700 which is sort of above and beyond your minimum amount to serve your customers. 151 00:20:37,300 --> 00:20:42,800 Every agency has to have an additional percentage of electricity in case they're spikes. 152 00:20:43,680 --> 00:20:54,260 And that by legislative action has to be batteries, has to be small hydro, there's certain elements. 153 00:20:54,260 --> 00:21:01,020 And that type of energy, there's all these agencies, CCAs, 154 00:21:01,300 --> 00:21:05,680 I know there's 20 or 30 of them, and the investor on Utilities, 155 00:21:05,860 --> 00:21:11,280 PG&E, college, and all trying to buy this resource that doesn't exist. 156 00:21:12,060 --> 00:21:19,740 So they're competing for contracts, for companies that are trying to build 157 00:21:19,740 --> 00:21:27,380 these battery plants and then you throw in with the federal government on Chinese products 158 00:21:27,380 --> 00:21:32,480 which pretty much everything comes from China. So that's really pushing up the cost. 159 00:21:32,960 --> 00:21:42,940 And it's easy to fix, but the green energy goals of the state right now are counterintuitive 160 00:21:42,940 --> 00:21:45,980 to bring in that cost down. 161 00:21:46,640 --> 00:21:50,060 So until that happens, which hasn't happened yet, 162 00:21:51,120 --> 00:21:54,240 at least from that side, it's not going to come down at all. 163 00:21:54,660 --> 00:21:58,260 And I would just say that, you know, it's phenomenal. 164 00:21:58,760 --> 00:22:03,560 Placer County did something really amazing 50 plus years ago 165 00:22:03,560 --> 00:22:07,760 when we got into a deal with PG&E to build an energy system 166 00:22:07,760 --> 00:22:11,640 essentially by creating pen stocks, which are basically energy 167 00:22:11,640 --> 00:22:14,540 transfer systems down the searas. 168 00:22:16,130 --> 00:22:22,400 We create a ton of energy from doing that, and over time, they basically said, well, 169 00:22:22,500 --> 00:22:23,360 that's not green energy. 170 00:22:24,080 --> 00:22:30,320 So you're not even getting credit for using natural gravity that comes from the skies, 171 00:22:30,920 --> 00:22:34,380 and then generates snow, which then everyone gets it. 172 00:22:35,520 --> 00:22:40,640 And through all of this, we still don't get the credit for creating that energy in peace 173 00:22:40,640 --> 00:22:45,300 PCWA is now generating energy and what happened is 50 years passes. 174 00:22:45,740 --> 00:22:50,060 They get into that contract and during, when I actually worked at PCWA, we were going 175 00:22:50,060 --> 00:22:56,760 through the FERC process, which allowed us PCWA to transfer itself to being the one sole 176 00:22:56,760 --> 00:22:57,660 generator of that. 177 00:22:57,780 --> 00:22:59,040 Now they sell it on the open market. 178 00:22:59,520 --> 00:23:07,120 Of course, that has been, in my opinion, devalued to basically just enough to cover pensions 179 00:23:07,120 --> 00:23:16,440 and their overall costs, we don't see any decrease in our water bill, we don't see a decrease in our energy bill. 180 00:23:16,600 --> 00:23:24,820 Despite the fact that quite frankly our forefathers, so to speak, are the people that came before us 50 plus years ago, 181 00:23:24,940 --> 00:23:30,860 had this brilliant idea to get into this deal and take advantage of gravity and water. 182 00:23:30,860 --> 00:23:39,620 And here we are today, and PG&E basically, you know, used that up 50 years later, we're not really getting too much of the benefits. 183 00:23:39,920 --> 00:23:45,880 There's just so much that goes on into this energy market that's been manipulated over and over and over again. 184 00:23:46,040 --> 00:23:56,880 And we're always just playing catch up to basically a billion dollar, a bunch of billion dollar corporations that can afford the most expensive accountants and lawyers to outsmart us. 185 00:23:57,700 --> 00:24:04,380 Yeah, exactly. Pioneer is a member of Cal CCAs, which is sort of like CalCities. And they've 186 00:24:04,380 --> 00:24:09,860 made a lot of progress legislatively over the last few years, but it's, you know, you're 187 00:24:09,860 --> 00:24:16,060 going against the 1,000 pound gorillas with PG&E and Southern California Edison, who seem 188 00:24:16,060 --> 00:24:22,120 to, you know, everything the investor on utilities do is done behind closed doors. Everything 189 00:24:22,120 --> 00:24:25,140 finding and CCAs do is in a format like this. 190 00:24:25,840 --> 00:24:30,840 So our customers can come to us and talk about, you know, we have right hearings in public 191 00:24:30,840 --> 00:24:36,320 everything is transparent, but nothing is that way when it comes to PG&E. 192 00:24:36,680 --> 00:24:38,940 It's interesting that you touched on capacity too. 193 00:24:39,100 --> 00:24:44,780 One of the things with GSEC, the Greater Sacramento Economic Council, as they're working in particular 194 00:24:44,780 --> 00:24:49,460 to bring businesses from Germany, South Korea, or the two kind of places that are hitting 195 00:24:49,460 --> 00:24:57,760 hard capacity. They need a great deal of power, a great deal of power, and that is one 196 00:24:57,760 --> 00:24:59,960 of the hang-ups that we're having as we're... 197 00:25:00,000 --> 00:25:29,780 I'm negotiating with some of them to invest in our community as we're beginning. I think, and this is just kind of my opinion. With what's going on with data centers all around the country and around the world even, there's not enough power in the grid to power these facilities. So what's happening is they're all generating local power on site, you know, through various means, whether it's micro nuclear or steam. 198 00:25:29,780 --> 00:25:49,880 or whatever, but I think those technologies will eventually serve communities could be many years down the road, but where potentially we can sort of do the same thing here and not rely on on outside sources, but you know, we'll see with the next five or 10 years look like from that standpoint. 199 00:25:50,540 --> 00:25:52,320 I think I'll get here, but it might be a little bit. 200 00:25:52,320 --> 00:25:54,920 Well, thank you for seeing that update. 201 00:25:56,220 --> 00:26:02,840 Yeah, for me, I also had a great time with Mancini's, our new art, and I made a commitment 202 00:26:02,840 --> 00:26:09,300 on Wednesdays that my newest baby granddaughter is mine on Wednesday, so when we have Ruben 203 00:26:09,300 --> 00:26:14,500 Cutting, it was Sloan's first Ruben Cutting, first of many, I'm sure, but what a great group 204 00:26:14,500 --> 00:26:19,080 they were, just really nice, positive people, and they're very excited about where they're 205 00:26:19,080 --> 00:26:21,360 and what the potential for sales are. 206 00:26:22,500 --> 00:26:25,760 On the 11th was the GSEC board meeting. 207 00:26:26,540 --> 00:26:29,580 They're obviously very excited and spreading the word 208 00:26:29,580 --> 00:26:31,480 that they have been named the number one 209 00:26:31,480 --> 00:26:36,240 economic development company in the world, I guess. 210 00:26:36,800 --> 00:26:38,440 So they're pretty darn excited about that. 211 00:26:40,200 --> 00:26:41,220 I was, they should be. 212 00:26:41,680 --> 00:26:44,140 They, we really went over, it's our quarterly meeting 213 00:26:44,140 --> 00:26:46,880 and we really went over what the leads they have 214 00:26:46,880 --> 00:26:48,260 for businesses, what they've got. 215 00:26:48,900 --> 00:26:57,700 In particular, I say the focus is, these international companies, because they are, it's so 216 00:26:57,700 --> 00:27:02,700 interesting as in the two that really stuck out as Germany and South Korea, and they've 217 00:27:02,700 --> 00:27:09,320 traveled recently to South Korea, we have a follow up in Germany, Bosch is such a leader 218 00:27:09,320 --> 00:27:09,980 in Germany. 219 00:27:10,180 --> 00:27:14,760 It's just that there's a lot of interest from other suppliers that are coming with them. 220 00:27:14,760 --> 00:27:19,260 Obviously, we have SMA, our solar inverter, and like you said, you either get a Chinese 221 00:27:19,260 --> 00:27:20,840 inverter or a German inverter. 222 00:27:21,100 --> 00:27:26,380 And if it's a German inverter, it may be coming from our company here in Rockland, which 223 00:27:26,380 --> 00:27:27,800 is pretty darn exciting. 224 00:27:28,020 --> 00:27:32,800 So working on everything we can do to support them and keep them invested in our communities, 225 00:27:33,820 --> 00:27:39,960 I think they've been here three years and they were immediately in our top 25 producers. 226 00:27:39,960 --> 00:27:50,360 So I'm really really excited for potential there the and thank you to vice mayor bass the on the twelfth was the fall ball 227 00:27:51,300 --> 00:27:58,520 opening for tricity little league and they graciously asked me to throw out the first pitch and I graciously told them that there are a lot of things 228 00:27:58,520 --> 00:28:08,520 I do well and that is not one of them and my son will attest to that as I had to play catch them way too many times so I said I'll bring my beast the beast my dog and 229 00:28:08,520 --> 00:28:14,280 And Vice Mayor Bass was the pro at this with the daughters that are pictures in softball. 230 00:28:14,460 --> 00:28:17,700 He had, other than he said, it's a very small ball, he had to make that adjustment. 231 00:28:18,100 --> 00:28:20,240 But it's a very small ball, yes. 232 00:28:20,640 --> 00:28:23,700 But they definitely have put out the welcome mat if anybody's been interested. 233 00:28:24,400 --> 00:28:29,180 They have a theme each Friday, I guess, for their games, so they'd love to see anybody. 234 00:28:29,400 --> 00:28:29,980 It was really fun. 235 00:28:30,160 --> 00:28:33,740 It's just sick of fun to be out there and see those guys, that's for sure. 236 00:28:37,620 --> 00:28:43,520 I'm getting him an official Sandlot t-shirt now, so he's quite entertaining. 237 00:28:44,660 --> 00:28:48,660 Patri day, I just, such good credit to everybody. 238 00:28:49,400 --> 00:28:54,060 I didn't even get to get up to see the extrication you guys were doing for fire, but I heard 239 00:28:54,060 --> 00:29:00,360 so many great things, but it was so busy and just really positive, and I think I just personally 240 00:29:00,360 --> 00:29:05,000 appreciate it so much but I'm just really impressed with the work that everybody are police and 241 00:29:05,000 --> 00:29:10,520 fire have done and Wendy for coordinating just really well done so thank you to everyone they 242 00:29:10,520 --> 00:29:18,320 help make that happen the kids were so impressed with and and and in kudos to our police chief when 243 00:29:18,320 --> 00:29:23,380 we were watching the sheriff lower the person down to show how they they rescue somebody from the 244 00:29:23,380 --> 00:29:27,820 helicopter and they go down and put them in that the gurney and bring them up and I said gosh you're 245 00:29:27,820 --> 00:29:31,560 going to have to work with the sheriff and see if they can't lower you down in one of 246 00:29:31,560 --> 00:29:36,000 those helicopters and he reminded me about his service in Iraq and he probably didn't need 247 00:29:36,000 --> 00:29:36,480 to do that. 248 00:29:36,820 --> 00:29:43,180 So I was sufficiently embarrassed to go, yeah, I guess you've done that, but it was great. 249 00:29:43,740 --> 00:29:49,380 On the 15th and 16th, really fun opportunity, I got to go speak to the third graders Manlobe 250 00:29:49,380 --> 00:29:53,840 Creek Elementary and I brought my husband along so that they were studying government 251 00:29:53,840 --> 00:29:59,860 and the next day they were going to do their tour of the, you know, how they, the third graders of the ones that helped fend- 252 00:30:00,000 --> 00:30:29,420 Some of the things on front street. And so I got to do the government orchard, I'm sure it was riveting for these third graders. And then Dan got to talk a little bit about growing up in Rockland and some of the history. And then the next day, while they were on their tour, I met them here. And I will tell you, I can tell you the little gal that's going to be the future mayor. And they were up here so excited to sit in our seats and had great questions. And I know our future is in great shape. So they were wonderful. Also that night was, 253 00:30:29,420 --> 00:30:35,000 the master planning meeting for parks. I hope we can get more people involved. I think that was 254 00:30:35,000 --> 00:30:39,480 the only thing that concerned me is there were a couple groups that have some interest but not 255 00:30:39,480 --> 00:30:44,920 as broad as I, hopefully we can, you know, I know we always invite but we got to keep pushing to get 256 00:30:44,920 --> 00:30:51,900 them to get there to be involved but I'm excited to see what comes out of there. Also got to attend 257 00:30:51,900 --> 00:30:58,600 along with Councilmember Broadway, the school board meeting, really trying to push the message of 258 00:30:58,600 --> 00:31:00,360 we're here to partner with you to help a not. 259 00:31:00,980 --> 00:31:03,840 E-bikes are great, the ones that are legal for kids. 260 00:31:04,180 --> 00:31:07,160 Let's work on the ones that are not and keep educating parents. 261 00:31:07,740 --> 00:31:10,840 And they really did a great job going over. 262 00:31:10,960 --> 00:31:12,720 All the things our police department has done. 263 00:31:13,060 --> 00:31:15,620 I think it was eight assemblies at the schools. 264 00:31:16,140 --> 00:31:18,040 Donuts for kids caught doing things right. 265 00:31:18,440 --> 00:31:20,180 Tickets for kids not doing things right. 266 00:31:20,440 --> 00:31:24,640 Some bikes impounded, email messaging to every parent 267 00:31:24,640 --> 00:31:27,720 in that district and not seeing a difference 268 00:31:27,720 --> 00:31:49,860 in any of those actions, so we've got to do something better, so I thought he did a great job and we'll go back for the next meeting and hopefully see if there's a way that we can again partner and we know we've had some accidents, we have got to protect the kids and do something better here today, so I think that went really well and it's our first effort, we'll get there. 269 00:31:50,540 --> 00:31:58,120 On the 18th, SACOG meeting was one of our tours, so we went out and toured Veal Air Force 270 00:31:58,120 --> 00:32:02,840 space, which fortunately, I've been able to do that recently, probably the most interestingly 271 00:32:02,840 --> 00:32:07,300 thing that comes out of that is the number of employees at Veal Air Force space that live 272 00:32:07,300 --> 00:32:13,680 in our community, and I think they said about 3,500 in Placer County, so in particular 273 00:32:13,680 --> 00:32:21,180 Roseville, Rockland, and Lincoln, and so I think it was a great, we had actually did 274 00:32:21,180 --> 00:32:22,340 at Bishop's pumpkin pass. 275 00:32:22,340 --> 00:32:25,420 I don't know if you guys have been at Bishop's for a while, but wow, when did that turn 276 00:32:25,420 --> 00:32:34,600 into Disneyland, it's massive, but that is such an economic driver for Wheatland. 277 00:32:36,080 --> 00:32:40,560 I think their general fund budget was like $3 million, and they're paying for police and 278 00:32:40,560 --> 00:32:45,180 fire out of that and that really comes from what is generated from their business. 279 00:32:45,620 --> 00:32:50,940 It was really good and probably the most interesting, I sat a little taller in the bus 280 00:32:50,940 --> 00:32:58,800 seat, talking to some of the other communities in the area that are facing some serious financial 281 00:32:58,800 --> 00:33:05,320 challenges, talking about even if they had to close fire stations and some of those kind 282 00:33:05,320 --> 00:33:11,100 of things. I'm just really proud of that we're doing team quite, I'll be honest with you 283 00:33:11,100 --> 00:33:16,360 with our folks out here that that is not something that we're challenged with and we've 284 00:33:16,360 --> 00:33:22,360 been done such a strong position. So I'm really, really happy to see that and 285 00:33:22,360 --> 00:33:26,440 hopeful that some of our other communities are able to get through some of these. 286 00:33:27,020 --> 00:33:32,860 I think I saw today to the Asparto because of that fire that now they're several million 287 00:33:32,860 --> 00:33:37,980 dollars in the whole too with that cost and that's just another community that is having 288 00:33:37,980 --> 00:33:38,480 some challenges. 289 00:33:38,820 --> 00:33:41,360 So I'm happy to say that's not us. 290 00:33:42,900 --> 00:33:50,000 I did the PCOE meeting, the Professor County Office of Education, they had their annual 291 00:33:50,000 --> 00:33:55,800 meeting to talk about where our schools are and they're excellent, they're in just excellent 292 00:33:55,800 --> 00:33:56,120 shape. 293 00:33:56,800 --> 00:34:01,820 I think they really focused on reading, which was great timing after we did the ribbon 294 00:34:01,820 --> 00:34:04,360 getting for our new secret garden behind the library. 295 00:34:07,080 --> 00:34:08,560 Again, much to be proud of with 296 00:34:08,560 --> 00:34:12,500 what's happening in our school system, which is why people move here. That same night, 297 00:34:12,620 --> 00:34:17,080 then, we had the car parade, which I think, as you mentioned, I think it's the best thing that 298 00:34:17,080 --> 00:34:21,660 came out of COVID, is that we get a car parade, and that is so fun cruising through the neighborhood, 299 00:34:22,140 --> 00:34:26,900 and then hot chili the next day was fantastic. I think it was probably one of the best I've seen, 300 00:34:26,900 --> 00:34:29,860 and I know they've said between 10 to 15,000. 301 00:34:29,960 --> 00:34:32,400 I don't know how they calculate how many came, 302 00:34:32,600 --> 00:34:35,560 but holy moly, it was so well attended, great weather, 303 00:34:36,200 --> 00:34:38,080 really well done, well organized, 304 00:34:38,520 --> 00:34:40,000 so kudos to all that crew. 305 00:34:41,800 --> 00:34:44,980 And then last is on the 22nd Springfield, 306 00:34:44,980 --> 00:34:47,460 our neighborhood in Whitney Ranch, the 55, 307 00:34:47,640 --> 00:34:49,180 or Whitney Oaks, 59 plus. 308 00:34:49,680 --> 00:34:51,340 They have a speaker series, 309 00:34:51,940 --> 00:34:54,600 and I attended, I only got to be there for the second half, 310 00:34:54,600 --> 00:34:59,820 But they had the plasterland dress folks there to do an update on Clover Valley, and as you can see... 311 00:35:00,000 --> 00:35:28,140 There are a lot of questions about what's happening with construction up there in particular when they can have access to Clover Valley. They're ready and work quite not as the message. And then also questions about the potential for some other property that's up there. And so I think that we're able to tone down the expectations for everybody for a little bit. But they're definitely interested in trying to help out, I guess. 312 00:35:28,140 --> 00:35:32,980 And then the only last thing I just, oh, and I apologize if you will sent for the 313 00:35:32,980 --> 00:35:37,560 reef meeting or dinner is the same night as the law enforcement chaplaincy barbecue. 314 00:35:37,840 --> 00:35:39,220 So I'll be doing that one. 315 00:35:39,360 --> 00:35:40,280 So cover for me. 316 00:35:40,340 --> 00:35:43,880 Thank you and tell them I've been there in spirit, but they forgot to send me an invite 317 00:35:43,880 --> 00:35:44,300 and time. 318 00:35:44,480 --> 00:35:45,800 So these things happen. 319 00:35:46,500 --> 00:35:52,980 And then also on the 11th of October, our own Rockland police activities league, Rockpal is 320 00:35:52,980 --> 00:35:56,260 holding their annual fundraiser with a cornhole tournament. 321 00:35:56,260 --> 00:35:58,740 and we're in pretty dire need of some sponsor. 322 00:35:59,060 --> 00:36:01,440 So if anybody knows anyone that can help, 323 00:36:01,980 --> 00:36:07,060 that's what funds our junior police academy and also that 324 00:36:07,060 --> 00:36:10,060 they work out for the kids, the CrossFit that they're doing 325 00:36:10,060 --> 00:36:13,540 after school and the activities are trying to do to keep our kids 326 00:36:13,540 --> 00:36:16,600 involved after school that aren't in an organized sport 327 00:36:16,600 --> 00:36:17,960 or other program. 328 00:36:18,200 --> 00:36:21,400 So really hopefully we can get some help with that. 329 00:36:21,940 --> 00:36:23,940 I apologize for the long list. 330 00:36:23,940 --> 00:36:26,120 There's been a busy couple weeks these days. 331 00:36:26,400 --> 00:36:27,200 I think that's it. 332 00:36:27,800 --> 00:36:29,660 Oh, pass it off to our assistant city manager. 333 00:36:32,730 --> 00:36:34,730 Good evening, Mayor, members of the council. 334 00:36:35,090 --> 00:36:36,690 A couple of updates here. 335 00:36:37,270 --> 00:36:38,390 I can get this to pull up. 336 00:36:40,950 --> 00:36:43,730 A few events that are coming up in the next few weeks. 337 00:36:44,110 --> 00:36:46,330 Our concert series continues on. 338 00:36:46,470 --> 00:36:49,590 We have concert this Thursday with Robin Schauer 339 00:36:49,590 --> 00:36:50,750 over here at Corey Park. 340 00:36:51,410 --> 00:36:55,490 We have a coffee with a cop at the Dutch Brothers 341 00:36:55,490 --> 00:36:59,050 is on Sierra College Boulevard on October 1st. 342 00:36:59,330 --> 00:37:01,070 So if you're interested in having a conversation, 343 00:37:01,250 --> 00:37:02,490 there'll be some officers out there. 344 00:37:03,210 --> 00:37:06,030 There is an additional concert next Friday 345 00:37:06,030 --> 00:37:08,750 with Fortune at Youth and Bump and Ugly's here 346 00:37:09,330 --> 00:37:11,910 at the Court Park as well. 347 00:37:12,490 --> 00:37:14,770 And then our Maker Ferris coming up on Saturday 348 00:37:14,770 --> 00:37:17,030 following that at Sierra College. 349 00:37:17,350 --> 00:37:19,650 So that'll be an exciting event for everybody to attend. 350 00:37:20,330 --> 00:37:24,930 And then on October 11th is the wagon walk event 351 00:37:24,930 --> 00:37:29,850 at Johnson Springview Park with the Placer SPCA. 352 00:37:30,110 --> 00:37:32,730 So, come on out, there'll be food trucks, vendors, 353 00:37:33,390 --> 00:37:36,190 and dog-focused activities, 354 00:37:36,570 --> 00:37:39,510 and it'll be a two and a half and a 5K walking 355 00:37:39,510 --> 00:37:41,710 of it can bring your dogs to that. 356 00:37:41,990 --> 00:37:43,490 So, that's it. 357 00:37:44,610 --> 00:37:45,350 Thank you. 358 00:37:46,590 --> 00:37:49,030 All right, next up is our consent calendar. 359 00:37:49,250 --> 00:37:51,930 There's items that you can list it as one motion, 360 00:37:52,190 --> 00:37:54,070 or we can request for an item to be pulled. 361 00:37:54,070 --> 00:37:56,970 Do they have any one thing to pull from the consent calendar? 362 00:37:58,090 --> 00:37:59,130 All right, see none. 363 00:37:59,490 --> 00:38:04,610 Anyone from the public have a questioner and item they've wanted more information? 364 00:38:05,350 --> 00:38:06,370 All right, see none. 365 00:38:06,570 --> 00:38:07,310 I'll look for a motion. 366 00:38:08,010 --> 00:38:11,850 Madam Mayor, I'll move approval of consent calendar items C1 through C9. 367 00:38:12,510 --> 00:38:12,710 Second. 368 00:38:13,470 --> 00:38:14,230 Thank you. 369 00:38:14,710 --> 00:38:15,350 Motion in second. 370 00:38:15,450 --> 00:38:16,130 All those in favor? 371 00:38:16,410 --> 00:38:17,050 Excuse me, Madam Mayor. 372 00:38:17,050 --> 00:38:19,670 I'd like to register a no vote on C4. 373 00:38:20,070 --> 00:38:20,990 C4, thank you. 374 00:38:21,850 --> 00:38:22,090 All right. 375 00:38:22,830 --> 00:38:23,990 All those in favor? 376 00:38:24,610 --> 00:38:25,090 Aye. 377 00:38:25,790 --> 00:38:28,110 Opposed with one no vote on C4? 378 00:38:28,250 --> 00:38:28,770 Could you cut that? 379 00:38:30,130 --> 00:38:31,270 All right, thank you. 380 00:38:32,410 --> 00:38:35,050 All right, moving on our next item is our presentations. 381 00:38:35,670 --> 00:38:42,030 And our first item for our presentation is Fire Prevention Week and our own Ryan Brayton, 382 00:38:42,310 --> 00:38:43,170 our Deputy Fire Chief. 383 00:38:43,570 --> 00:38:45,190 Would you would join us? 384 00:39:23,360 --> 00:39:23,600 I know. 385 00:39:24,840 --> 00:39:26,980 You brought the team, I love it, I love it. 386 00:39:31,510 --> 00:39:32,190 Thank you. 387 00:39:32,290 --> 00:39:32,690 Well, thank you. 388 00:39:32,690 --> 00:39:33,850 Do you finally see if I am here too? 389 00:39:35,530 --> 00:39:36,450 Well, thank you. 390 00:39:38,410 --> 00:39:41,730 Obviously, what you guys do is crucial to everything about. 391 00:39:42,190 --> 00:39:44,690 The number of people who move here for our schools 392 00:39:44,690 --> 00:39:47,610 and they live here because they love the safety of what we do 393 00:39:47,610 --> 00:39:49,710 and you guys are such the face of what you do 394 00:39:49,710 --> 00:39:53,630 and we're so proud, always ridiculously proud of how you service. 395 00:39:54,090 --> 00:39:56,490 So we just wanted to recognize Fire Prevention Week 396 00:39:56,490 --> 00:39:59,550 with this proclamation where the City of Rockland is committed 397 00:39:59,550 --> 00:39:59,810 We're doing... 398 00:40:00,000 --> 00:40:28,340 During the safety and security of all those living in and visiting our community, and whereas the city of Rockland first responders are dedicated to reducing the occurrence of fires through prevention, safety education, and community outreach, and whereas fire remains a serious public safety concern both locally and nationally, and the presence of lithium ion batteries in many household devices introduces unique fire risk, something new you never faced years back, 399 00:40:28,340 --> 00:40:35,580 Whereas the 2005 Fire Prevention Week theme, charge into fire safety, lithium ion batteries 400 00:40:35,580 --> 00:40:41,020 in your home, serves to remind us of the importance of using charging and recycling lithium ion 401 00:40:41,020 --> 00:40:44,780 batteries safely to reduce the risk of fires in homes and communities. 402 00:40:45,400 --> 00:40:51,320 Whereas mostly electronics used in home daily including smartphones, tablets, laptops, power 403 00:40:51,320 --> 00:41:02,840 Our tools, e-bikes, e-scooters, and toys are powered by lithium ion batteries, which, if misused, damaged or improperly charged, can overheat, start a fire, and explode. 404 00:41:03,320 --> 00:41:15,380 And whereas residents should follow three key calls to action, by only listed products, charge batteries safely, and recycle them responsibly to prevent battery-related fires. 405 00:41:15,380 --> 00:41:29,120 And now, therefore, be it resolved, the mayor and members of the City Council of the City of Rockland do hereby proclaim and call upon the citizens of Rockland to observe the week of October 5th through 11th, 2025 as Fire Prevention Week. 406 00:41:29,900 --> 00:41:34,660 I have to tell you, as a avid e-bike riders, you guys have seen me nerding around. 407 00:41:35,180 --> 00:41:37,680 It took me a while to realize how hot that battery gets. 408 00:41:37,680 --> 00:41:43,940 I have it sitting on the seat to plug in and I realize that I'm not going to have it sitting on the seat and I've learned from 409 00:41:43,940 --> 00:41:48,180 Just what you've done is that I also put the timer on and turn it off 410 00:41:48,180 --> 00:41:52,940 Don't leave it on all night long because it does happen and and we see it and so it just 411 00:41:53,660 --> 00:41:58,560 Hopefully you would know that what you do we're here and it we're paying attention and it helps a ton 412 00:41:58,560 --> 00:42:02,540 So thank you so much for everything you do at you know I'm ridiculously proud of it 413 00:42:08,010 --> 00:42:10,210 I'm looking at my watch. It's been 414 00:42:10,210 --> 00:42:17,210 And then six hours and 30 minutes since Rockland had our last lithium battery fire. 415 00:42:17,910 --> 00:42:21,130 So it doesn't happen a lot, but it definitely does happen. 416 00:42:21,510 --> 00:42:27,450 And luckily, somebody was home in an apartment complex inside the room that happened. 417 00:42:27,950 --> 00:42:31,150 And so they were able to call 911 right away, but had they not been home. 418 00:42:31,570 --> 00:42:36,550 We would have lost possibly an unsprinkled part of a apartment complex. 419 00:42:36,550 --> 00:42:47,410 So it does happen quite frequently, e-bikes, a perfect example of, you know, just trying to make sure that we're being responsible with them, not putting them, you know, inside our homes or blocking pass of the egress. 420 00:42:47,930 --> 00:42:55,630 And my last little bit, October 4th, we're going to have a open house at Fire Station 23, right across the park. 421 00:42:56,130 --> 00:43:01,230 And that's going to be the theme this year is responsibly charging the lithium ion batteries. 422 00:43:01,230 --> 00:43:03,530 So thank you Madam Mary House members. 423 00:43:03,870 --> 00:43:04,590 Thank you. 424 00:43:04,590 --> 00:43:04,770 Thank you. 425 00:43:04,770 --> 00:43:04,970 I have a 426 00:43:07,880 --> 00:43:11,870 little bit of a question. 427 00:43:13,140 --> 00:43:14,520 I have a little bit of a question. 428 00:43:14,960 --> 00:43:16,280 I have a little bit of a question. 429 00:43:16,300 --> 00:43:17,920 I basically can't see you. 430 00:43:18,600 --> 00:43:22,020 That's why you want to come over to this side. 431 00:43:22,340 --> 00:43:22,520 OK. 432 00:43:22,620 --> 00:43:23,600 The balance things up. 433 00:43:25,550 --> 00:43:25,990 OK. 434 00:43:28,000 --> 00:43:29,500 Thank you 435 00:43:35,100 --> 00:43:35,300 guys. 436 00:43:35,760 --> 00:43:35,980 All right. 437 00:43:36,500 --> 00:43:36,580 Thanks. 438 00:43:39,900 --> 00:43:40,400 Thanks. 439 00:43:46,390 --> 00:43:46,890 Thanks. 440 00:44:20,500 --> 00:44:27,240 Next up on our agenda is our first discussion item, item D1, our community facilities district 441 00:44:27,240 --> 00:44:34,280 number 10, Whitney Ranch, refunding series 2015 and 2019 special tax bonds, and our own 442 00:44:34,280 --> 00:44:35,900 and Megan Brissom is going to be our presenter. 443 00:44:36,180 --> 00:44:36,480 Thank you. 444 00:44:37,100 --> 00:44:37,980 Thank you. 445 00:44:38,380 --> 00:44:40,100 Good evening Honourable Mayor and Council Members. 446 00:44:40,540 --> 00:44:42,080 Megan Brissom, Manage May Analyst 447 00:44:42,080 --> 00:44:43,880 and the Administrative Services Department. 448 00:44:44,480 --> 00:44:48,000 This evening's item is for the Special Tax Refunding Bonds 449 00:44:48,000 --> 00:44:52,540 Series 2025 for Community Facilities District number 10, 450 00:44:52,720 --> 00:44:53,260 Whitney Ranch. 451 00:44:57,240 --> 00:44:59,820 Established in 2005, the Special- 452 00:45:00,000 --> 00:45:05,560 A special district known as Whitney Ranch is located east of Highway 65 in the northwest portion of the city. 453 00:45:06,160 --> 00:45:15,160 Whitney Ranch is a large master plan community and includes 134 unit senior living facility and more than 3,000 single family homes. 454 00:45:15,740 --> 00:45:25,780 There are three schools and five parks within the district and includes amenities such as the Ranch House Community Recreation Center and the newly constructed Whitney Park Bike Pump Track. 455 00:45:25,780 --> 00:45:31,200 The aerial view of the map of the district shows that development is nearly complete. 456 00:45:33,760 --> 00:45:39,300 The district was established pursuant to Melaroo's Community Facilities Act of 1982 for 457 00:45:39,300 --> 00:45:43,680 the purposes of financing public improvements necessary to meet the needs of the development 458 00:45:43,680 --> 00:45:44,500 of Whitney Ridge. 459 00:45:45,320 --> 00:45:52,340 At time of district establishment, $60 million in bonds were authorized and structured to 460 00:45:52,340 --> 00:45:54,880 be issued in series as development progressed. 461 00:45:55,760 --> 00:46:01,240 Issued bonds are paid from special tax revenues levied on developed property within the district. 462 00:46:02,580 --> 00:46:05,700 There are currently three bond issuances for the district. 463 00:46:06,220 --> 00:46:13,640 Series 2015, that is a refunding of bonds issued in 2005, a series 2019 issuance, and 464 00:46:13,640 --> 00:46:16,820 most recently a series 2022 issuance. 465 00:46:17,400 --> 00:46:24,360 Approximately $2 million remaining is remaining unissued with no plans at this time to utilize the remaining authorization. 466 00:46:27,310 --> 00:46:33,150 Staff has been working with the city's financing team to assess the feasibility of the 2025 bonds. 467 00:46:33,930 --> 00:46:40,110 After contemplation, we believe it's beneficial to the taxpayers to refund the 2015 and 2019 bond 468 00:46:40,110 --> 00:46:45,990 issuances. This is an opportunity to obtain a lower interest rate, realizing savings to homeowners 469 00:46:45,990 --> 00:46:53,770 within the district. Along with the refunding in full, the 2015 and 2019 issuances, this financing 470 00:46:53,770 --> 00:46:59,490 Using seeks to reimburse the master developer $375,000 in outstanding improvement costs, 471 00:47:00,350 --> 00:47:03,850 release the cash reserve of approximately $3.5 million. 472 00:47:04,970 --> 00:47:11,250 Replace the cash reserve fund with a reserve insurance policy, and shorten the debt service by one year. 473 00:47:12,610 --> 00:47:18,210 Savings to homeowners is anticipated at approximately $88 per year on average. 474 00:47:18,890 --> 00:47:25,630 The city anticipates no more than 70% of the maximum tax will be levied to pay the debt service on the bonds. 475 00:47:27,070 --> 00:47:30,310 Issuing costs related to the bonds will be covered by bond proceeds. 476 00:47:31,690 --> 00:47:38,030 Due to the district's strong economic fundamentals, supported by the majority of homes now conveyed to homeowners, 477 00:47:38,850 --> 00:47:44,170 S&P has assigned an A rating for the proposed 2025 refunding special tax bonds. 478 00:47:44,890 --> 00:47:49,370 This strong rating will make the 2025 bonds more appealing to investors. 479 00:47:51,720 --> 00:47:58,820 For the next steps in the financing, if approved, the preliminary official statement will be posted September 25th. 480 00:47:58,820 --> 00:48:03,700 The bonds will be priced on September 29th with closing on October 16th. 481 00:48:04,840 --> 00:48:12,140 District homeowners will see the updated special tax levies reflected on their property tax bills in fiscal year 2026-27. 482 00:48:12,140 --> 00:48:29,920 In closing, staff recommends approval of the resolution to authorize the issuance of the series 2025 bonds in an amount not to exceed $35 million to refund the 2015 and 2019 issuances, resulting in savings for homeowners within the district. 483 00:48:30,620 --> 00:48:38,000 At this time, city staff and members from the financing team for this proposed issuance are available to answer any questions you may have. 484 00:48:39,910 --> 00:48:41,810 Thank you. Questions from Megan? 485 00:48:41,810 --> 00:48:42,390 All 486 00:48:45,020 --> 00:48:45,640 right. 487 00:48:46,520 --> 00:48:46,940 Cool. 488 00:48:47,040 --> 00:48:47,480 Please go ahead. 489 00:48:47,620 --> 00:48:47,720 Yeah. 490 00:48:49,640 --> 00:48:52,400 Megan, I don't know if you have the answer or someone else. 491 00:48:53,120 --> 00:48:56,420 What's the current rate on the 2015 and 2019 bonds? 492 00:48:56,660 --> 00:48:57,120 Do you have that? 493 00:48:57,760 --> 00:49:04,380 So I know the 2019 bonds is at 5% and the 2015 someone may correct me, but I think it's variable 494 00:49:04,380 --> 00:49:06,300 and it's a little above 4%. 495 00:49:07,420 --> 00:49:11,160 And then we're projecting what type of rate, especially with the new rating? 496 00:49:11,520 --> 00:49:12,760 We're hoping 4%. 497 00:49:12,760 --> 00:49:13,380 for. 498 00:49:16,600 --> 00:49:24,000 So with the Fed sort of signaling some change in direction and rates coming down 499 00:49:24,000 --> 00:49:32,640 over the next, who knows, you know, a few months, over 12 months, is there, what's the 500 00:49:32,640 --> 00:49:39,640 philosophy to do it now versus waiting for the market to change? 501 00:49:40,160 --> 00:49:43,880 That's a great question. I'll try my best to answer it and I may refer to someone else. 502 00:49:43,880 --> 00:49:46,680 But allow me to take that question. 503 00:49:46,980 --> 00:49:49,820 So this is the new tool, the pre-director-minor services. 504 00:49:50,100 --> 00:49:53,040 So we have a goal as when we're looking at certain criteria. 505 00:49:53,380 --> 00:49:58,060 So one of the criteria that I want to look at is the time value of money. 506 00:49:58,220 --> 00:49:59,780 So it also... 507 00:50:00,000 --> 00:50:28,660 We want to make sure that we want to take advantage of a lower rate so that as time goes by, we do lose that opportunity. And then also by restructuring it, we do want to lower the overall debt service cost so that it will provide a savings for the taxpayers. And then another thing we also get is a net present value saving. So anywhere between 3 to 5% around there, 508 00:50:28,660 --> 00:50:34,820 Then we believe it is a worthwhile to do that and because it will definitely bring savings to it 509 00:50:34,820 --> 00:50:41,380 we're looking at approximately 4.8% I believe for the cost savings that we are looking at 510 00:50:41,380 --> 00:50:47,300 and additionally it's the optional thing but we are contemplating in this issuance which is 511 00:50:47,300 --> 00:50:52,680 the shortening the test service schedule so that it will more turn a little quicker which will also 512 00:50:52,680 --> 00:50:55,040 will provide savings to taxpayers. 513 00:50:56,200 --> 00:50:59,160 So what would be the term for the new bonds? 514 00:50:59,900 --> 00:51:05,280 So the new term is we have, I think, 13, 14 years left 515 00:51:05,280 --> 00:51:09,320 by through the refunding. 516 00:51:10,180 --> 00:51:16,480 So even refinancing at this time, there'd be 13 to 14 years before everything's paid off. 517 00:51:16,680 --> 00:51:16,900 Correct. 518 00:51:17,280 --> 00:51:21,900 And if we didn't refinance it, I think in the report said maybe one year, so 519 00:51:21,900 --> 00:51:23,900 So maybe 14 to 15 years or something like that. 520 00:51:29,100 --> 00:51:35,140 Yeah, I would just hate if rates went down another half percent over the next six months, 521 00:51:35,140 --> 00:51:41,580 and then you'd go through this all over again, I know there's some expense in refining. 522 00:51:42,100 --> 00:51:46,840 I get the time value of money and the preservation and all that, but you know, six months or a year 523 00:51:46,840 --> 00:51:48,600 over a 13 or 14 year period. 524 00:51:48,600 --> 00:52:00,040 I don't know, I understand this process is probably put in place quite some time ago, how long did it take us to get to this point? 525 00:52:00,840 --> 00:52:12,180 We started working, I believe early in this year, spring of this year, because we anticipated that the bonds are 526 00:52:12,180 --> 00:52:18,440 callable by September, so we are working towards and stand just to see, you know, is this 527 00:52:18,440 --> 00:52:22,840 the appropriate time to refinancing, looking at that and so forth. 528 00:52:23,360 --> 00:52:28,680 And I'm going to look at my team to, you know, provide any additional context around 529 00:52:28,680 --> 00:52:28,900 that. 530 00:52:29,380 --> 00:52:29,900 Appreciate it. 531 00:52:29,920 --> 00:52:30,180 Thanks. 532 00:52:30,820 --> 00:52:31,740 Thank you, Mr. Chair. 533 00:52:31,860 --> 00:52:32,920 Good evening, Madam Mayor. 534 00:52:33,080 --> 00:52:33,960 Members of the City Council. 535 00:52:34,240 --> 00:52:39,240 My name is Wing C. Fox with Urban Futures, serving as the city's municipal advisor. 536 00:52:40,000 --> 00:52:42,360 So, it is a really, really great question. 537 00:52:43,480 --> 00:52:45,740 Fed funds rate could go down, that is true. 538 00:52:46,440 --> 00:52:49,540 One of the points that Mr. Tory brought up was, 539 00:52:50,420 --> 00:52:52,500 if the longer you wait, let's say you wait a year, 540 00:52:53,460 --> 00:52:54,920 even if interest rates went down, 541 00:52:55,760 --> 00:52:58,580 you would have to make up for that year of savings. 542 00:52:59,060 --> 00:53:02,420 So, if we achieve the savings, we close the refunding now, 543 00:53:03,100 --> 00:53:05,680 where we've got savings starting from this year to next year, 544 00:53:05,820 --> 00:53:08,920 that you would lose if you were to refinance next year. 545 00:53:09,660 --> 00:53:16,380 Also, right now, the fundamentals for municipal bonds is very, very strong in the last month or so. 546 00:53:16,540 --> 00:53:22,640 We see 40 basis points drop in rates, and there's a lot of different factors that go into municipal bonds. 547 00:53:22,880 --> 00:53:25,640 Fed funds rate is one of them, but supply and demand is another. 548 00:53:26,000 --> 00:53:32,580 So even if Fed funds rate went down, there could be supply and demand issues that would cause interest rates to go up. 549 00:53:33,120 --> 00:53:37,880 Or other world economic news that could impact the bond market. 550 00:53:37,880 --> 00:53:46,020 So in general, we don't advise our clients to try and play the market or time the market if the savings meet the city's goals. 551 00:53:46,620 --> 00:53:56,280 We recommend moving forward and even with the numbers from the good faith estimates, we're seeing rates of we ran numbers today closer to 9% and PV savings. 552 00:53:56,640 --> 00:54:02,680 So that's closer to $121 of average for property tax owner savings per year. 553 00:54:03,340 --> 00:54:08,440 So, you know, currently in the city's goals we do recommend moving forward because it could 554 00:54:08,440 --> 00:54:10,800 move for you, but it could also move against you. 555 00:54:11,620 --> 00:54:13,820 Are these tax-free bonds? 556 00:54:14,760 --> 00:54:15,720 Tax-exempt, yes. 557 00:54:16,120 --> 00:54:21,200 Is it Fed and State or just Federal, Federal and State, okay, so 4% is good. 558 00:54:21,880 --> 00:54:31,080 His basic US Treasury, you know, is around that 4% is it tend to be tied to a 10-year Treasury? 559 00:54:31,080 --> 00:54:38,020 What sort of drives these, I know there's lots of other market conditions, like you mentioned, but fundamentally, what's the base rate that it follows? 560 00:54:38,520 --> 00:54:49,560 Yes, so the taxable market does use the treasuries as the benchmark and the tax exempt of benchmark is the municipal market data, which is essentially AAA Geobons average of those rates. 561 00:54:50,060 --> 00:54:55,500 And as of today, the 4% was a little conservative, we're looking at closer to 3.5%. 562 00:54:55,500 --> 00:54:59,960 So fingers crossed, nobody knows what's going to even happen next week, but we're hoping there's a 563 00:55:00,000 --> 00:55:29,380 We'll live very even stronger than what's being shown right now. Okay. Great. Thank you. Thank you, everyone, for that extra information. Appreciate it. Thank you. Great questions. I appreciate that. Yes. I aspire. And I actually had a question just about that. We had mentioned a rating. So where do we come from to get to a rating and why why is that? Thank you. Great question. So our latest issuance of 2022 bonds was rated at an a minus. And that was also upgraded to a during this 564 00:55:29,380 --> 00:55:32,440 the latest credit presentation and rating. 565 00:55:33,500 --> 00:55:39,420 And so the reasons why our rating increased is due to the level of development in the district. 566 00:55:39,980 --> 00:55:44,420 So over the time we've developed, we have more homeowners in their homes. 567 00:55:44,660 --> 00:55:47,240 And so that tax space is very, very strong. 568 00:55:47,720 --> 00:55:53,460 Additionally, we just have, it's an affluent community, and we have great amenities and all of that. 569 00:55:54,940 --> 00:55:55,660 Thank you. 570 00:55:56,220 --> 00:56:00,240 Just to follow up on that, and obviously I'm thrilled that we have an A rating. 571 00:56:01,800 --> 00:56:07,560 We had previously we had an A minus, is there a dollar that you associate with that, is it just make it more attractive? 572 00:56:07,880 --> 00:56:10,460 It's just attract more competition, I guess. 573 00:56:11,600 --> 00:56:16,420 I know it makes it more attractive, but maybe someone else can speak to, to what that gets us. 574 00:56:21,000 --> 00:56:24,840 Good evening, Dennis and the wire from Piper Sandler, we're the bond underwriter on the transaction. 575 00:56:25,420 --> 00:56:26,240 It's a great question. 576 00:56:26,240 --> 00:56:32,100 And so, each time you get an improvement in the underlying credit rating, you do tend 577 00:56:32,100 --> 00:56:35,680 to see more investors and a better interest rate. 578 00:56:35,980 --> 00:56:40,720 So moving from an A- to an A that's still within the A category, so it's still a strong rating, 579 00:56:42,200 --> 00:56:47,560 but we would expect a slightly lower interest rate because of the upgrade in the credit rating. 580 00:56:48,400 --> 00:56:53,720 So competition, hopefully, then we'll give us a little bit of a lower rate and more people 581 00:56:53,720 --> 00:56:55,260 interested in purchasing the bond. 582 00:56:55,260 --> 00:57:07,960 Correct. Correct. And when you become an investment-graded credit rating, you attract a different, a larger pool of potential investors than when CFDs are typically issued in the early stages of development when they're issued on a non-rated basis. 583 00:57:08,920 --> 00:57:09,940 Thank you very much. 584 00:57:11,040 --> 00:57:12,040 Any other questions? 585 00:57:13,280 --> 00:57:17,500 All right. I'll open up for the public. Do we have any public comment on this item? 586 00:57:28,320 --> 00:57:32,800 I don't like that, something you might not know about me, I don't like that, I don't like being in debt. 587 00:57:33,380 --> 00:57:38,180 And so I think at any earliest opportunity we can get rid of it, I think we should take that. 588 00:57:38,360 --> 00:57:38,660 Thank you. 589 00:57:39,260 --> 00:57:39,860 Thank you. 590 00:57:41,500 --> 00:57:43,460 Any other public comment on this item? 591 00:57:44,140 --> 00:57:47,960 All right, seeing that, I'll close public comment, bring it back for any comments from Council. 592 00:57:49,940 --> 00:57:57,040 As I think the only person up here who pays all of this, not on one, but two properties. 593 00:57:58,320 --> 00:58:00,400 Just looking forward to being over. 594 00:58:00,860 --> 00:58:14,200 Peter Bridges, the former developer, asked him when it would be over and he said never, Bill, I'm glad to see a light at the end of the tunnel and hope to live to see it. 595 00:58:14,200 --> 00:58:18,960 It could be like $242. I think it's about for you so that's pretty good. 596 00:58:20,880 --> 00:58:22,120 Any other comments? 597 00:58:24,240 --> 00:58:28,580 I'm always a critic whenever I get too much polyannish news. 598 00:58:31,100 --> 00:58:34,180 I dove into it a little bit before getting here. 599 00:58:34,700 --> 00:58:39,040 I'm just really proud of the community that were at a point like this 600 00:58:39,040 --> 00:58:43,880 where I can't actually be to down on this type of news. 601 00:58:44,420 --> 00:58:48,120 So, great job to Rockland for getting to this point. 602 00:58:49,260 --> 00:58:50,080 Yeah, thank you. 603 00:58:50,860 --> 00:58:51,860 You had a comment, it's funny. 604 00:58:52,820 --> 00:58:57,240 Yeah, the same, you know, this is probably not the exciting thing that makes headlines out 605 00:58:57,240 --> 00:59:03,740 there in the world, but as Benjamin said, I think I'm the same way we hate debt, and to 606 00:59:03,740 --> 00:59:07,160 pay it off early, and it'll reduce rate, makes me very happy to hear. 607 00:59:07,160 --> 00:59:13,660 And so thank you for all the folks that worked on this and I say these are the things that should be the headlines to say hey 608 00:59:13,660 --> 00:59:21,040 We're in a great place. So thank you so much to staff and with that, I will bring it back and see if there is a motion 609 00:59:25,770 --> 00:59:30,150 Thank you moved in second all those in favor. I opposed 610 00:59:31,170 --> 00:59:33,230 Motion carries. Thank you 611 00:59:34,150 --> 00:59:38,750 Next is future agenda items anyone have anything additional to add 612 00:59:38,850 --> 00:59:44,470 All right, hey, we could be a close to a record center, but thank you very much. 613 00:59:44,570 --> 00:59:46,710 Thank you very much for being here and we are adjourned.