[This transcript was generated automatically from audio using AI and hasn't been reviewed by a person -- it can contain mistakes, including plausible-sounding sentences that were never actually said. Treat it as a starting point, not a verbatim record.]

[0:00] We're starting, Mr. Manager, we're talking about water.
[15:00] All right. With the upgrade now, the residents will have the option to log in and just go to my 360 app. This is what it's kind of the
[15:07] let me go to the homepage on the left hand side. And you would just create a, like you would create a Amazon account. You're
[15:14] in your email and create a password. Once you're in the system, you can sign up for alerts where you get a text message every day. You know, telling you what you are using. If you go out of town, you can sign up for alerts for that.
[15:28] There's something, and this would be very good for people who have second homes down here.
[15:32] That's a lot of the thumbnails I receive when they receive their villains.
[15:36] Outrights is because they did not know there was a leak.
[15:40] So it's going to be very good for the residents.
[15:43] So wait for a resident to monitor them on board and not wait for that phone call.
[15:50] Yeah.
[15:51] Someone logged in right now.
[15:53] I'll see.
[15:55] Okay.
[15:56] That's not right.
[15:57] Oh, there it is.
[15:59] Sorry.
[16:00] All right.
[16:00] This is one of our water technicians.
[16:04] Zach, he is our digger.
[16:06] He has registered.
[16:08] This is what I would look like on your side of it,
[16:10] after he registered in your account.
[16:12] You can't see your water usage confused by gallons.
[16:15] You can view it.
[16:19] You can see I'm signing for your alerts over here.
[16:22] If you're out of town, this is where you would sign up to get notification.
[16:25] if there is a worry, you can see it, you should
[16:34] be able to view it by day, you can view it by week, you can view it monthly.
[16:39] As this program has time progresses, you'll be able to compare your usage to the last year's usage to see if you're using more.
[16:48] So right here is where you can do the day ranges. So you can see daily use.
[16:53] So that's like today, that's what they're talking about.
[16:57] Right.
[16:59] There's the week for
[17:10] more of a line draft, and you can switch over your chart to, you
[17:17] do that with them.
[17:18] Just available on app.
[17:20] It's online.
[17:21] They call it the My360 app, but it's a website.
[17:24] There's a flyer right here.
[17:26] This is what's in the golden resonance.
[17:27] This is what y'all confuse.
[17:29] The address of the address is down on the bottom.
[17:32] And you can buy it.
[17:33] I'm gonna go over the next couple of days and we'll just start on again and tell us what you're like and what you're like.
[17:42] So over the next move we're Michelle and our Cudication Center putting together a marketing campaign.
[17:49] The product is called Neptune, but the actual service will be called water wise CYV.
[17:56] That's how we're going to start talking about water wise CYV.
[17:59] and we want you to take time to make sure it works out, okay?
[18:05] We don't have to put it through a ton of items, yeah.
[18:09] So we're rolling it out to basically all city employees
[18:14] who are tiny residents in city council as well.
[18:18] So please do correct your back.
[18:20] Yes, and we'd like to have the launch date
[18:23] once everybody had the chance to look at it
[18:25] in mid-August out to residents.
[18:27] So we would push on the websites on social media on the newsletter how to register this out to the public.
[18:41] I know about the user for law that you're logged in this program.
[18:48] You joined this website.
[18:51] You can sign
[19:04] up for alerts.
[19:06] It's a button you would click, and that's where you get the text messages, things like that.
[19:12] So right here, the usage first of all, this is where you can sign up for your alert,
[19:17] send me an alert when my account uses more than 200 gallons a day.
[19:21] So you would have saved settings.
[19:24] So if you're like Joel with explaining how much a toilet can use, this would send you out
[19:30] on alert.
[19:30] And you can sign up either or even lower for a text one.
[19:36] Yeah, I'll say something.
[19:42] This is actually set for Zach.
[19:44] So he wanted his every day, if his water goes above 200 gallons,
[19:49] he sends him a text message instead of a email.
[19:53] There's other thresholds on there that if you are gone for any length of time,
[19:58] let's say you're gone for a week,
[20:00] You can set it up for that specific week that you've gone, that you get alerts on text messages, or emails, or both.
[20:09] If you start using water during the time you were gone, you will get those alerts on your phone.
[20:16] And that's on the same page, yeah.
[20:20] Yeah, I think we had to complain the other day that somebody was washing their car and the next door laborers.
[20:25] We're out of town.
[20:27] So if they were using an old egg was water and I would think they would have a time,
[20:34] not good for your office.
[20:36] Yeah, it wasn't May.
[20:38] How do you, the reality is I think you all can see it to this because he does with us
[20:43] every single day and his people's water usage is testimony very consistent unless there's
[20:48] changed to happens in your house.
[20:50] Either you had a lot of increases when people started watering their lawns, irrigation and
[20:55] and it counts for a lot of stuff.
[20:57] But if you have running toilet, which is very subtle,
[21:00] and sometimes it's very, very difficult to notice,
[21:02] you will notice it out here.
[21:04] Because, again, you're gonna see that your water
[21:06] is extremely consistent, and then it's all
[21:09] some kind of spike, and rainfall is consumed a lot of it.
[21:14] Right, and that's a lot of the thumbnails I did,
[21:17] because you don't know, I mean, it could be a backback
[21:20] back then, but you never got one.
[21:23] So, this will be great, you can catch it three, and you can set it for me.
[21:32] Any other questions?
[21:33] Yes.
[21:34] I think this is great.
[21:37] Switched.
[21:37] Years ago, when it came out, looks like a significant reduction in man hours, is it possible
[21:43] to quantify how much the city stands to save on an annual basis, and will that be passed on
[21:48] to the citizens?
[21:50] Yeah.
[21:53] Well, self-sufficient, so I think the water bill is going down.
[21:57] It digges rather than checking me.
[22:01] Joe, I don't have to even monitor it.
[22:02] Again, we haven't rolled it out for the public yet,
[22:06] so we don't realize the whole sort of like efficiencies in the system.
[22:10] In general, they're just on the back and stuff.
[22:13] At least we're out of the week against the water saving.
[22:14] Yeah, to give you the list, I would have to really drive around the island for four hours just to get it in the place.
[22:24] So I don't have to, I can get a lot more than a shorter amount of time just pulling up everybody's water just to jump in the computer.
[22:32] It's actually going to be busy going to the address, finding water meter, digging it up, downloading the graph on my computer,
[22:43] then call in homeowners and say hey you know this is what's going on with your water.
[22:49] So just a busy work about a day a week is what I'm saying.
[22:55] The KL again our hope is that our residents are going to be a lot more self-sufficient when it comes to the water usage
[23:03] and she's going to get a lot of your calls something.
[23:06] I think initially it's going to be a bit of a surprise.
[23:10] I mean, as I remember, I mean, it's a shock when you get a bill, you know, I know I got a week, this will bring me a lot of that, and we'll give President's piece of mind.
[23:21] And just, you know, we have, I'll leave you just a policy, right?
[23:27] Yes, I do.
[23:28] So there is that.
[23:30] And it's half of the usage.
[23:33] It takes half of the usage and the warning usage.
[23:39] Does city will do that?
[23:41] I'll put it about a few percent.
[23:43] Yes.
[23:43] But that still results in sometimes very large bills, right?
[23:46] Yes.
[23:47] I can't see it.
[23:48] So, dear, let's help with ironing problems.
[23:52] Iron-I?
[23:53] Iron-I, sorry.
[23:54] No, ma'am, it's just too separate issue.
[23:56] Okay.
[23:58] But this, what I love about this program is the homeowner,
[24:04] if you're taking more ownership in your place,
[24:06] I wish what other than that we have is,
[24:09] we hear horror stories all the time,
[24:11] hey, I get a phone call, hey, I've been away
[24:14] from the place for a month.
[24:15] My told was done on it. Unless you fill out a proper documentation or I can help to litigate, we can't help on that.
[24:25] So I think this would be, there's a brain tool for the homeowner who's talking for sure.
[24:30] Yeah. And all that's the question for Tony. Because Tony Reader, he would ask this question.
[24:41] So right now our building unit size is 1,000 pounds and 1,000 pounds, and his request
[24:47] is that the unit size be lowered to something less so that residents can have more control.
[24:55] We are on the AMI system, definitely as possible, as you saw, measured by the gallon of the building
[25:05] and we're working on it and it would require some programing on the back end and we don't have a paid and insurable work on it.
[25:18] All right, thank you guys so much.
[25:20] Thank you.
[25:21] Thank you.
[25:22] Thank you.
[25:38] Thank you.
[25:39] Thank you.
[25:40] Thank you.
[25:40] Thank you.
[25:41] Thank you.
[25:44] We're going to talk about, if it's OK unless you guys want to talk about the rest of the agenda first, we'll just kind of jump to it if that's OK.
[25:53] Okay, it's all the agenda doesn't yet, or okay, I hope.
[25:58] Jim.
[26:12] We're just going to back up a little bit for our student
[26:15] folks and members to make sure they're able to speak with what our
[26:19] capital plan is, with what it comes to ours.
[26:22] So I think it was, seems like a couple of months ago,
[26:26] I think it was a year and a half ago, we meant to go over the
[26:31] capital plan, what our borrowing is, how much infrastructure
[26:34] production permits or capital permits you're going to do.
[26:37] And the plan that we settled on included both.
[26:40] So we have a million in capital permits each year.
[26:44] And again, with the story of silly,
[26:46] how we finance that Mr. Barrowing included a capital plan
[26:51] was a 5% annual race increase.
[26:55] And in our scenarios, we assumed that there's
[26:58] a 3% inflation when it comes to costs.
[27:02] and then other revenue was going to stay the same
[27:05] as well as any other significant changes.
[27:09] Also, about a year and a half ago,
[27:12] we contacted with Dan for a company
[27:16] for our city finance consultants.
[27:18] And what they're doing ways to do is we're viewing
[27:21] and advising our debt portfolio,
[27:23] as well as help us, they work through the water slurry
[27:29] when we looked at that a few years ago,
[27:31] and then when we actually do issue debt,
[27:33] then we'll go through that process.
[27:35] One of the things that you're looking at
[27:37] is specifically in 2024, debt issue that we have
[27:41] is revenue bond and a hit of your high interest rate
[27:43] at 6%.
[27:46] We have discussed with them starting last year
[27:50] the possibility of doing every financing
[27:52] when we get the debt issuance for the purchase
[27:56] of the fire station land back in July, we looked at this and the interest rates weren't
[28:03] worth it. We also talked about including it when we do the long-term debt financing with
[28:07] the fire station and since that instance really set the stone of when we're going to do that,
[28:13] how much we're going to do that. The discussion was the timing of it wasn't necessarily the best
[28:21] and with interest rates being the way they are right now, we've found it to be beneficial to that refinancing right now.
[28:32] And then when we talk about our water sewer financials, no surprise, operating costs continue to rise.
[28:40] Our revenue is very seasonal dependent. Like Brett was just saying, it's consistent, but it's very seasonal dependent.
[28:47] right, so if we have a very dry, had summer in where water in a lot, well obviously used
[28:53] to just going to be out, the revenue is going to be up. If people aren't water in
[28:56] it's not much, you know, revenue is going to be down. So revenue, we have 5% increase every
[29:03] January first, but our revenue, again, it's just consistent. We don't have a lot of new revenue
[29:08] sources when it comes to utility, and our infrastructure is very old. We have breaks weekly,
[29:17] and that is all draining our cash.
[29:21] So right now I'm projecting that you're going to have less than a million dollars of cash
[29:25] at the end of the year, which seems like a lot, I'm going to wish I had a million dollars
[29:29] in my checking account, but when it comes to the utility that is not about a cash, it doesn't
[29:35] leave us a lot of wiggle room.
[29:36] This turn here we had a lot of, for those breaks, what do we breaks that we weren't anticipating
[29:43] and so that to please our cash and when it comes to the budget we are basically
[29:47] budgeting to keep the lights out. We don't budget right now in Freddie
[29:51] surplus or to put anyone in savings. A lot of that has to do with it.
[30:00] The 5% increase, going over 5%, everything. We have to keep that in mind. Any questions in a little bit of that background?
[30:10] You said the life sentence, the cash, and year in, is that fiscal year, and the fiscal year.
[30:19] So at the end of this fiscal year, will that last?
[30:23] Correct.
[30:26] Yeah, this past fiscal year took a very large hit on our cash reserves.
[30:33] This is straight out of our budget document. So this is the water and sewer current debt.
[30:37] We have a couple revenue bonds, and then we have some chief loans.
[30:41] This does not include any of the debts from the campground, and it doesn't include any debt that the state holds.
[30:49] So the upstate debts for the water surged activity is about $8.5 million.
[30:54] We have annual debt service of approximately 1.1 million, so that's principal can interest.
[31:01] The debt ratio that I'm going to talk about is operating income divided by debt service.
[31:06] Now, included in our revenue bonds and our Jeep alone documents, is we have to have a
[31:13] debt ratio of 1.25.
[31:16] And I'm projecting this here that we're going to have a debt ratio of 1.03.
[31:21] So what that means is, potentially, our issuers, like Cameras Bank or Jeep,
[31:27] are going to come back and say, you follow the mobility steps.
[31:30] Service requirements, what are you going to do to get back up to 1.25?
[31:34] which usually means increasing rates, right,
[31:38] of the cutting costs.
[31:39] Or we get really creative and think
[31:41] of how we can lessen the burden on the utility.
[31:53] We have this 2024 water sewer revenue bond,
[31:56] the hand in 20 year term, it measures in 2044
[31:59] and a 6% annual interest.
[32:02] We have a 5% prepayment felony,
[32:04] which is roughly $145,000.
[32:07] And it has annual debt service of approximately 268,000.
[32:12] And then I listed, we're paying $177,000 in interest and $91,000 in principle.
[32:19] So now we're going to talk about what's up for approval tomorrow.
[32:22] And that said, 2026 RevVon issues due to the building authority, not the waters or utility.
[32:30] So that here is an 18 year term.
[32:32] It has an interest of 4.495%.
[32:35] The issuance costs are approximately $90,000.
[32:39] The annual debt service is $259,000, which equals about $9,000 in annual debt service savings.
[32:49] Now, I know you're going to say $9,000.
[32:51] That's not much money, but it would come to a utility that's living along $9,000 is $9,000.
[32:57] The biggest thing is it removes the debts from the water sewer utility and adds it to the authority.
[33:04] So our overall city death is basically staying staying but it's taking it from the water so you're totalling and putting it over in the city.
[33:12] Yes.
[33:14] That's water sewer is a separate one.
[33:19] And I'm concerned about the mean when the debt because the debt or water sewer needs to be paid for water sewer revenue.
[33:27] right? Correct. So how is that going to be segregated from by the park? Sure. So that's
[33:37] a great question. It's literally taking it out of the water's rear utilities so there
[33:42] will be no more debt. This was the big debt lesson. And then it's taking it over to a separate
[33:47] fund that's going to be shown on your government's list of your entities. Now with this revenue
[33:53] and it is backed by the full faith of the city.
[33:55] It's not backed by water sewer utility revenue.
[34:00] But in the plan, we are using water sewer revenue,
[34:03] obviously, to pay for that debt, right?
[34:06] But if let's say the utility couldn't pay it,
[34:10] the city has to pay it.
[34:11] And so it's shown over on the city.
[34:13] Does that make sense?
[34:15] Yeah, but the bottom line is that the water sewer department
[34:17] can't pay their bills to the citizen anyway.
[34:19] anyway. Sure, so I don't know. We still have the same
[34:26] feeling of debt, so I guess I'm not understanding the
[34:30] benefit of just having it under separate.
[34:37] So let's go back to this slide. So this is our current debt in the
[34:40] waters through utility, right? And I was talking about the
[34:43] projected debt ratio. So right now we're going to fall
[34:46] below or projected fall below that required debt ratio of 1.25 and then
[34:53] it can just really really clearly explain what a debt ratio is. Sure, it's
[34:59] operating income divided by debt service, right? So if revenue is lesser
[35:03] expenses divided by your debt service and really that's saying like are you
[35:07] bringing enough money to pay your debt service? I said what people care about. Okay so
[35:12] So then this is what our water, so we see where utility debt would look like after
[35:18] refinancing.
[35:19] I think it's our annual debt service down to $886 and that the debt ratio increases
[35:25] to 1.34, so we're meeting our debt requirement, I know you smile, it's creative accounting.
[35:32] But I mean, it is, because right now, like I said, the bank could come or chief could come,
[35:38] We're not going to give you any more loans because you're not meeting your debt service requirements, right?
[35:45] Which we need to do any further capital improvements into our suitability.
[35:57] Well, they're just looking at the utility
[35:59] It's just clear. You're right. It's a bookkeeping trick, right?
[36:04] But it's not, it's not underhanded.
[36:06] This is a normal practice, this is why these authorities exist, right?
[36:11] This is how we're funding really the fire department as well.
[36:15] It's the same thing.
[36:16] This is an entity created by the state for this purpose.
[36:20] But yes, yes, no question, no.
[36:22] And it seems so.
[36:24] I know you all are.
[36:25] Rightfully, you can use the remains of it all, but it just can't have.
[36:32] We should do both pieces of right here on the state of work.
[36:35] Or are we getting hit by the pre-payment penalty just pre-finished?
[36:39] We have paid $145,000 to rethink it.
[36:41] Yes, we have to pay the pre-payment.
[36:45] So how many years before we break even on that $145,000 cost?
[36:50] So that savings is built in the cost of the issuance,
[36:55] as well as the pre-payment is built into that savings.
[36:58] So if we didn't have that, it'd be much more savings.
[37:00] but the $153,000 that we have after the refinancing includes both the cost
[37:06] officials and that repayment penalty.
[37:09] Yeah, so we're saving money with the lower interest rate, so we're spending more
[37:14] the premium and the middle day and then on the issuance cost, right? But all that
[37:18] net's out to $127,000 to our favor in the end. Not a ton. Like it's about $10,000 a year
[37:25] that we're saving, but it's something, right? And then we importantly are taking this
[37:29] that off the utilities books, which makes it easier to issue new debt in the future.
[37:35] That's all it's going to do.
[37:35] It's going to some more capacity.
[37:42] 2016, the refunding revenue run.
[37:46] So what was that original amount?
[37:49] At 466.
[37:50] Oh goodness.
[37:52] A lot more than 466.
[37:54] I did that.
[37:55] So, and I know a lot of people are really worried about utility bills, even the five percent.
[38:00] But, you know, all these hypotheticals, and this coming from a product sector, is super
[38:06] breathtaking, because we're kicking a key in now, and I'm rude again, and I mean, daily
[38:13] in my emails, we're having water breaks and stuff like that, so I understand the shifting
[38:20] of money and the game of the tax side, and could be a data wrecking, and some days, I'm
[38:28] stand up and say, hey, you know, are we close to a major collapse in one area, from the
[38:36] standpoint of infrastructure to where, you know, that eight million dollars of what the
[38:45] tone debt service is, I mean, I guess from my standpoint, I would love to see a true
[38:52] to work out to this is, you know, is the 5% not enough in what we guarantee for the water utility?
[39:01] Well, what really with the water raises, we have to catch up right now, look like, to give the residents what?
[39:09] What the real number is to get us to where the utility, I'm not saying utility has to make money,
[39:16] but to get to the ground zero to where we are because the
[39:23] scary numbers to somebody's
[39:26] going to have to pay somewhere down the line in 2016 if that number was a million dollars
[39:32] and we're 10 years down the line we still owe almost 50% of the money we borrow from that.
[39:41] How do you say that?
[39:45] Yeah, that depends.
[39:47] I mean, it is. They're all scary numbers, but we have to make the improvements. I mean,
[39:54] we're stuck with a bad system that has to be improved. I mean, what do you do?
[40:04] Yeah, it's a liquid butt wrench.
[40:07] The key, the key, the strategy right now is to be consistent, right? And we're asking for a consistent 5% annual increases,
[40:15] which we've just haven't done in the past, right?
[40:17] We've taken holidays for some times five years
[40:20] I'm not taking any rate increases.
[40:22] And that just gets key, right?
[40:24] That's how we can best we dig ourselves into whole,
[40:26] which is how we got into this issue in this mess right now.
[40:29] I didn't want to call it mess,
[40:30] it's just in the situation that we're right now.
[40:31] I don't know, why does the rate 10% look like
[40:34] if we went 10% of this year and caught up or did you know?
[40:39] I mean, I don't know what the number is.
[40:42] As long as we know that we're,
[40:43] Again, we're going to be working on this forever, right?
[40:45] There's no catch up.
[40:46] We're going to be, because we're making improvements
[40:48] to the infrastructure, and then the more recent
[40:51] infrastructure gets older, right?
[40:53] It's all keeps on aging out.
[40:56] What's important is the consistency
[40:59] and to continue to invest in our infrastructure,
[41:01] which we aren't doing, right?
[41:03] Our plan is to make investments every single year.
[41:07] It gets painful because we're growing debt, right?
[41:09] We are growing debt, but we have to do it.
[41:12] or we're going to fall behind them further and then it's all going to break like you said at the same time.
[41:17] And then it gets more extensive and they're going to have to take up more debt to fix the things that are broken.
[41:22] That's what we are right now.
[41:24] We recommend sticking with the, again, it's a balance, right?
[41:28] Because there's only so much that a rate pairs can pay, right?
[41:33] And it feels like a 5% annual increase is the right amount right now.
[41:39] I'm going to sort of like in the future, we might readdress that, but if we can stick with
[41:44] the 5% annual increase for the next 10 years, we feel like we're going to be the utilities
[41:49] going to be in good shape.
[41:51] As long as you know, we stick to the plan, do these small regular consistent investments
[41:57] within our infrastructure right now, it's 2.5 million dollars a year.
[42:01] That seems to be the right size of debt for tidy in the right investment, if we take
[42:07] They got too much debt due to too many projects at the same time,
[42:10] turned to a big old construction zone.
[42:13] There's always so much that our staff can manage at the same time.
[42:16] It just feels like the right plan for us now.
[42:18] But yeah, you're right back.
[42:20] I mean, that's...
[42:22] We haven't really sort of made all the right vests.
[42:25] That's better.
[42:25] Well, no.
[42:27] No, we in here at this point.
[42:29] Right.
[42:30] But six years ago, they weren't doing anything.
[42:32] So we each stepped it up.
[42:34] But they were given away before that, and we changed that.
[42:39] And now, you know, we had to go 5%, but we're not kicking a can down the road.
[42:46] We're trying to help, but it's, like Brett said, we're going to be in this contact for us.
[42:51] Do you counsel people of the type of information we do?
[42:55] Well, and it's my recollection that when we were having all of these discussions, that the
[43:00] The consensus was that 5% was about as much as the consumer could handle a year and with
[43:09] the current economy and the gas prices right now, I would be really reluctant to advocate
[43:15] going higher.
[43:20] I will say 5% of the annual increases are right in line with the national average and what's
[43:26] going out there.
[43:26] In our average water and sewer bills are right in line, we're actually below the national
[43:32] average.
[43:32] So, we're ready to go back to the concern about the growing debt other than our revenue,
[43:43] the choice, our options to continue to make improvements, but to reduce the debt would
[43:51] be through grants and, you know, like special allocations from the state or the federal government
[43:57] right.
[43:58] Or the most tax.
[44:00] Right.
[44:01] Yeah.
[44:01] Yeah, we get a new revenue source scape changer.
[44:03] So, are y'all familiar with the most tax?
[44:09] It's a special, do you want to sign it?
[44:11] Yeah, it's just another thing, let me talk about that.
[44:15] Yeah, another up to a penny that can only be used for infrastructure, and we do think
[44:21] it would be a good solution for tiny, which has strong visitor population, you know, to get
[44:28] those who are visiting the island to help with the infrastructure of the island.
[44:32] There's not an appetite right now in Atlanta to expand that.
[44:36] Sorry about that.
[44:37] No, that's none of this.
[44:38] Unless they go through with eliminating property tax and then let us have it.
[44:45] That's just swapping six of them.
[44:48] It's better if they didn't pass two.
[44:50] I will say, if we can remain consistent with these increases, the goal is
[45:00] Over time, that will start begin, you know, building reserves again, over time. It's going to be challenging as we have debt, right? But we can be consistent, I think, over time, we're in a path where we can start growing or the bottom.
[45:19] It'll always be paid for the sudden cash.
[45:21] Yeah,
[45:25] I have a question.
[45:27] Thank you.
[45:27] You know that.
[45:28] I have a good question.
[45:33] What you want is a little scary to see this sort of dig in yourselves in the home.
[45:40] One, you have a graph or something.
[45:42] Showed that a couple of years ago.
[45:45] That might have helped us.
[45:47] But unfortunately your projections may work out this year.
[45:51] No.
[45:53] And so we couldn't borrow from you, or which one, we couldn't make our debt service ratio.
[46:02] So we can get any more borrowing, but that doesn't also mean that those borrowings made
[46:09] me in the fall.
[46:10] And we federal though our debt service.
[46:12] Sure.
[46:14] So we don't want to follow the loan.
[46:17] Hard.
[46:17] In fact, so then the other side of this is the legal ledger demand of changing the debt
[46:27] to the facility from the water and sewer close, even though without changing the financial
[46:37] liability of the water and sewer close, they still got to pay indirectly the debt service
[46:43] on the move.
[46:44] So you've got, it's very sort of abstract, artificial, and we're content.
[46:52] That report's content that our Londoners who have system on this debt service
[46:57] coverage will not be offended by this.
[47:00] Yes.
[47:01] Yes.
[47:02] And that report will be presenting via teams tomorrow at the authority meeting.
[47:08] I mean, you have to if you're further like technical questions when it comes to that, that's above my head.
[47:15] So, fight there, it's my turn.
[47:16] Thank you.
[47:21] That's it for presentations, or if there's any other questions, something that are there if you want to.
[47:27] Sorry, I'm sorry for short.
[47:29] Any other questions about the agenda?
[47:31] Any other questions?
[47:33] Would anyone here like to say anything about the items that we just discussed?
[47:40] I think,
[47:46] would anyone like to talk about items on the agenda tomorrow?
[47:53] Well, I saw that Patricia sent out another email about number three, so is everybody comfortable with that?
[48:02] Number three?
[48:04] Yeah, I am.
[48:06] I have got a point.
[48:08] At the 4th ward, we get to say that, but I don't think it should be on the agenda at all.
[48:16] Number three?
[48:16] Yes.
[48:18] Where would then, according to me, the exclusion periods were finally a second.
[48:25] You disagree with Bubba's and Patricia's assessment?
[48:28] I have heard the same level of the tradition I have been taking three years.
[48:33] I'm also including Tracy's assessment online as well.
[48:36] If they take my mind, that's four-board again.
[48:39] Okay.
[48:40] All right.
[48:44] And Brian and Brett, if we have a live workshop, can we address for next year's grant funding
[48:54] to talk about the process of groups going forward?
[49:01] Not 2026, 2027.
[49:03] And we had a future workshop.
[49:05] Out of future works.
[49:06] Talk about the grant process.
[49:07] Talk about the grant process.
[49:09] What was the nonprofit grant?
[49:10] Yes.
[49:10] And we thought, you know, well, it's fresh on everybody's mind.
[49:14] That would be a good time.
[49:16] Workshop meaning it doesn't have to be like this next two months,
[49:20] but we can do it the next few months,
[49:21] but it's a lot like, I'm good with that.
[49:25] And I guess one question that kind of came up this week
[49:28] was about demolition permits.
[49:32] And I was with Hamstrung yesterday
[49:34] because I didn't have internet and I couldn't like look stuff up.
[49:36] It was so annoying.
[49:37] But, you know, could we like discuss like what happens if somebody applies for a demo permit and if there are any requirements on the city side is not dealing just with the demo, but like.
[49:54] like, rodent and insect-controlled prior to?
[49:59] Yeah, I'm sure Patricia could answer questions.
[50:03] Yeah.
[50:03] Are you prepared?
[50:04] Do you want to come back, Patricia?
[50:05] Well, it's not on the agenda.
[50:06] So I didn't want to put her on the spot.
[50:08] You know, I can come back with that in the long run,
[50:11] because I'm 100 as well.
[50:13] Okay.
[50:13] So I'll leave the net all of, like, unsafe and tragic issues.
[50:18] Yep.
[50:19] Well, in the woods, I'm not talking about the recent fires,
[50:22] But you know buildings that our houses that have been vacant for years and then are demoded without doing any kind of
[50:31] Critter control really freaked the neighbors out when they saw the raccoons running
[50:38] But anyway, so that's what I was just curious is to whether or not we had any requirements
[50:43] Either way
[50:53] You can.
[50:55] Second.
[50:57] Well, are there any other things on the agenda tomorrow?
[51:01] Yeah.
[51:02] We want to do it.
[51:02] Anybody?
[51:03] Everybody's okay with the rest of the agenda?
[51:04] Any other discussion?
[51:05] We need on that.
[51:10] If I on the second reading of the budget, I sent out some responses to Tony and I'm not sure
[51:19] if everyone had to.
[51:20] that was today.
[51:22] But for the adoption of the budget,
[51:25] his question about we have this P schedule,
[51:29] that's an appendix identity in the budget.
[51:33] And the question was, is the adoption of the budget,
[51:35] adoption, P schedule?
[51:37] And the answer is kind of, you can adopt the P schedule.
[51:42] There's the only proposed changes within the P schedule
[51:44] are basically development of permitting fees.
[51:49] We have taken action through the LVC earlier this year that takes it out of the LVC and allows you to adopt it in the fee schedule.
[52:00] The only thing I'd recommend is I would recommend approving that as part of the budget, but if someone can make a motion to extract proposed changes to the STR fees,
[52:11] We do feel like that should be addressed as part of the SEO ordinance itself, and then we're still getting a beat back from
[52:18] the attorney and also from members of council who I don't feel like we've landed on the correct fee yet, so I recommend that we pull that out of it.
[52:26] That's the only change that I recommend.
[52:31] The only thing is we were asked for input, and then we never discussed it again.
[52:38] Yeah, yeah, you're talking about the fees themselves well, I think we incorporated
[52:45] So just to just to clarify to you we initially gave you guys a
[52:50] Fees scheduled that included our administrative fees, but also administrative citations
[52:56] And I got a lot of we got a lot of comments on the administrative citations and Jenna just pulled those out, right?
[53:03] So we're gonna treat those completely separately and they really are separate
[53:05] and I'm really pleased to really just sit down and sit down and think, you know, it has a change in decades and it's so much.
[53:16] And so, I mean, there were just a few things, but...
[53:19] Yeah, I mean, we talked about the problem is the entertainment fee of most of you don't have an entertainment fee.
[53:26] I'll say the entertainment fee is often hooked into an alcohol licensing.
[53:32] see, you know, had conversations about alcohol, license these, it didn't feel like now was
[53:41] the right time to kind of go up in all the speeds, but you can certainly look to pull
[53:46] that out.
[53:46] Or again, we can address all of these things can be addressed at any day and for.
[53:52] I mean, I don't have a lot, but there was that, and the pro today animals needs to be passed.
[53:58] So that, all of that's out, yeah, we're going to address, we will address that later.
[54:02] So that's part of the administrative citation schedule.
[54:06] We're just going to address those separately.
[54:07] We need to send more time to counsel on that.
[54:09] Okay.
[54:10] That felt like all the ones that we've got most of the comments on
[54:12] were things like the noise stuff and all that.
[54:14] We're going to address that later in the next two months.
[54:18] We need to move forward.
[54:20] But I need to make a motion to approve the second meeting of the agenda.
[54:25] but pull out the proposed changes to the SCR application fee.
[54:32] Now I can write somebody any you need there for me or okay.
[54:36] Okay, sounds good.
[54:38] I appreciate that.
[54:40] Thank you.
[54:42] All right.
[54:42] Anything else?
[54:43] I have to make a little bit of a backup when I, when I,
[54:47] earlier, when I was here, and I made it,
[54:49] had to refuse by a subtle form of A.J.s.
[54:53] My, my, my, my, my, my, my,
[54:55] Because you love it there.
[54:56] I love it.
[54:56] My personal interest is so clear in five days.
[55:00] I wanted to get going.
[55:02] I wanted to talk to you again.
[55:04] And in five days, I wrestled with whether or worked on it.
[55:07] I think we can all say that.
[55:10] I too have to refuse myself.
[55:13] I think it's for business purposes with an offer.
[55:19] Well, maybe.
[55:22] You don't have a business interest in it.
[55:25] No business interest.
[55:26] I think that it was really a fake plan, didn't it?
[55:29] Okay.
[55:30] It might come from the rest of it.
[55:32] Uh, it's crazy building and letting me live in my heart.
[55:36] Disappear.
[55:37] Disappear.
[55:41] Get up a little.
[55:43] Okay.
[55:44] Hi everyone.
[55:45] We're adjourned.
[55:48] Thank you.
[55:49] We're going to start.