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From YouTube: Bossier City Council Special Meeting March 27th 2023
Description
Bossier City Council Special Meeting March 27th 2023
A
B
D
City
of
Bossier
City
enter
into
a
Cooperative
Endeavor
agreement
with
the
Port
Commission
with
the
commission
bonding
the
cost
of
said
project
said
agreement
would
not
result
in
any
debt
being
assessed
to
the
city
as
per
the
cea.
The
city
is
not
responsible
for
the
payment
of
said
bonds.
The
debt
is
the
sole
responsibility
of
the
commission.
Would
the
city
having
the
responsibility
to
make
payments
to
the
port
after
the
city's
production
and
treatment
costs
are
satisfied?
Said
payment
to
the
commission
is
capped
at
The
commission's
Debt
Service.
E
Okay,
Mr
President.
If
I
may,
there
were
some
concerns
that
that
had
been
voiced
and
I
think
there's
some
information
floating
around
from
various
sources
that
the
city
of
Bossier
City
is
responsible
for
the
payments
on
this
35
million
dollars
proposed
35
million
dollars
in
bonds.
That
is
simply
not
true.
That
is
not
the
case.
The
port
is
going
to
the
bonds
will
be
issued
by
the
commission
by
the
port.
This
is
a
revenue
sharing
agreement
that
is
once
the
city's
overhead
costs
are
paid.
E
If
the
50
percent
reaches
The
port's,
Debt
Service,
then
that
50
percent
that
goes
to
the
port
is
capped,
and
then
the
city
keeps
100
percent
of
any
revenue
or
income
derived
after
that,
so
overhead
paid
first
split,
50
50
up
to
the
the
ports
Debt
Service
quarter,
I
think
it's
calculated
on
a
quarterly
basis,
and
the
city
maintains
that
if
the
ports
50
percent
does
not
equal
their
Debt
Service,
then
the
city
does
not
have
to
make
up
the
difference.
We
are
not
responsible
for
that.
F
B
Anyway,
this
said
that
said
that
you
know
Bossier
City's
payment
shall
not
be
less
than
Mr.
Jacobs
explained
to
me
that
that
was
only
in
the
event
of
prepayment
of
debt,
correct
and
so,
and
then
Mr
rochenbach
also
confirmed
that
for
me,
when
me-
and
him
were
speaking
privately,
however,
at
that
last
Workshop
Mr
England
had
made
the
comment
and
I
just
want
to
get
clarity
on
it,
and
it
says
quote:
you
know:
we've
stated
in
here:
we,
the
Cato
boss
report,
do
not
seek
to
profit
off
of
this
endeavor.
G
Councilman
good
afternoon,
thank
you
for
the
the
opportunity
to
be
here
this
afternoon.
Thank
you
with
regard
to
the
I
guess.
The
question
that's
been
asked
to
me.
I
know.
What's
in
the
agreement,
and
I
would
rather
not
comment
as
to
what
is
in
the
agreement,
I
would
I'd.
Rather
you
direct
those
to
your
Council
and
ask
for
his
opinion
on
that
as
to
the
spirit
of
the
agreement.
G
Yes,
that's
what
we
have
said
from
the
onset
is
that
what
we
are
asking
for
is
no
profit
out
of
this
deal,
but
for
The,
Debt
Service
to
be
covered
and,
for
example,
in
the
early
years
of
our
agreement
with
the
city
of
Shreveport.
When
we
issued
the
initial
debt
in
the
mid-1990s,
there
was
a
deficit
between
the
the
revenue
and
The
Debt
Service
and
those
amounts
were
calculated
and
just
as
soon
as
the
revenue
exceeded,
The
Debt
Service,
the
city
of
Shreveport,
paid
that
money
back.
G
That
was
in
arrears
in
a
very
short
period
of
time,
everybody
was
made
whole
and,
and
now
it
all,
the
money
that
we
receive
from
the
city
of
Shreveport
is
the
amount
for
Debt
Service.
So
yes,
in
the
spirit
of
the
agreement,
we
do
not
want
to
profit.
We
would
like
to
see
that
the
city
of
Bossier
pay
us
The
Debt
Service.
F
G
G
E
F
E
G
G
It
comes
to
if
we're,
if
we're
discussing
the
legalities
of
the
of
the
contract.
I
didn't
want
to
speak
as
to
that,
especially
with
your
general
counsel.
President
I'm
here
to
represent
the
port
to
represent
the
Cooperative
Endeavor
that
we
look
for
this
to
be,
but
I'm
not
here
to
speak
on
to
the
the
legalities
of
the
agreement.
I
feel
that,
based
on
our
last
work
session
and
the
dialogue
that
we've
received,
that
our
general
counsel,
your
general
counsel,
have
worked
well
together
and
formulating
the
changes,
and
so
any
with
that
regard.
C
Yeah,
that
being
said,
I
think
it
would
have
been
advantageous
to
you
if
your
Council
had
been
here
be
because
he
also
was
involved
in
the
document
being
generated.
So
that's
I
think
that
the
shield
disservice,
because
it
may
be
something
we
might
want
to
ask
that
the
two
of
them
may
have
a
whole
different
interpretation,
but
Mr
Malone
is
not
here.
So
just
food
for
thought.
B
If
we
get
to
year,
31
of
this
agreement
and
I
think
it's
safe
to
say,
none
of
us
will
probably
be
here
at
year,
31
of
this
agreement,
but
if
the
council,
at
that
time,
chooses
to
cease
payments
to
the
port
because
The
Debt
Service
had
has
been
fulfilled,
could
the
city
do
that
or
would
we
get
in
the
spirit
of
the
agreement,
even
though
it's
not
written
in
writing?
Would
we
be
telling
that
Council?
They
must
still
make
payments
for
those
last
nine
years?
What's.
E
B
E
We
are
supplying
water
once
our
overhead
cost
or
met
okay,
our
production,
our
delivery,
our
Personnel.
Our
treatment
calls
once
once
those
expenses
are
satisfied.
Then,
if
there's
any
money
left
over,
then
we
keep
50
percent
and
the
port
keeps
50
percent
with
the
ports
portion
capped
at
their
quarterly
Debt
Service.
E
E
If
we're
making
money,
then
we're
responsible
for
reimbursing
the
port
for
their
Debt
Service
up
to
capped
at
the
maximum
amount
of
their
Debt
Service.
We
have
no
obligation
other
than
that.
If
the
50
percent
that
we
owe
the
port
does
not
reach
their
amount
of
Debt
Service,
then
the
port
has
to
make
up
that
difference,
so
a
road
project
or
any
other.
If
we
need
to
bond
any
other
projects
as
per
the
letter
from
our
auditor,
this
is
not
dead
on
our
books.
B
So
and
I
just
want
to
make
sure
I'm
clear,
I'm,
not
I'm,
not
trying
to
this.
These
payments
will
not
show
up
on
our
financials
other
than
as
an
obligation.
So
when
we're
when
we're
when
we're
being
audited,
they're,
not
going
to
say,
look
Bossier
City
has
this
looming
20
million
30.
However,
whatever
it
is
at
the
time
we
don't
have
that.
E
That
is
correct.
There
is
no
minimum
amount
that
we
are
obligated
to
pay.
The
only
amount
that
we
are
able
to
get
should
the
city
and
should
the
port
mutually
agree,
and
they
both
have
to
agree
to
make
early
payments
on
the
debt,
then,
whatever
that
early
payment
is
then
it
as
long
as
the
city
agrees
to
it.
First
then
that
has
to
be
that
would
be
a
minimum
payment
that
has
to
be
made.
However,
that
cannot
be
forced
upon
the
city.
E
E
G
G
G
B
G
G
As
attorney
Jacob
said,
you
are
profitable
from
the
moment.
One
gallon
of
water
is
sold
off
the
system
after
your
overhead
is
covered,
and
then,
when
you
we
split
the
revenue,
50
50.,
so
I'm
being
very
careful
not
to
say
that
we
have
to
sell
3
million
gallons
of
water
for
you
to
become
profitable.
You
become
profitable
from
the
moment.
G
G
It
did
not
take
us
long
to
sell
three
million
gallons
of
water
and
we
have
a-
and
we
still
have
several
hundred
acres
left
to
develop
within
that
campus.
We
still
have
another
2
000
Acres
beyond
that
to
develop,
which
is
where
this
Bossier
water
line
is,
is
being
installed
to
so
the
probability
all
the
forecasts
are
that
this
is
going
to
be
a
very
profitable
Venture
for
Bossier
City.
G
G
Still
in
the
running,
we
have
it.
We
have
to
that
as
we
did
with
the
city
of
Shreveport.
We
anticipate
the
2
000
Acres
that
that
we
have
recently
purchased
to
take
time.
So
for
us
as
developers
we
speculate,
you
know
we
analyze
tracts
of
land
that
can
meet
our
requirements
and
then
we
set
forth
on
purchasing
them.
As
we
begin
to
gather,
adjacent
and
non-adjacent
tracks,
we've
mastered
planned
those
sites
now,
with
our
Master
planning,
complete
it's
time
to
move
into
implementation
of
the
infrastructure
necessary
to
recruit
these
large-scale
businesses.
G
Water
line
is
the
first
project
and
this
is
right
out
the
bat.
What
is
needed
in
order
to
recruit
industry.
Second
well,
is
the
rail
line,
we're
already
underway
on
the
design
of
our
25
plus
million
dollar
railroad,
siding
that
will
measure
over
two
miles
in
length
just
to
serve
these
new
2000
Acres
that
we
purchased
rail
service,
which
is
necessary.
So
for
us
this
is
all
very
calculated.
G
G
H
I
I
it
may
I
can
tell
you
on
the
on
in
working
with
the
port,
that
they've
been
pretty
proactive
and
I.
Think
put
some
money
in
the
budget
to
to
aggressively
pursue
right
away
and
and
design,
and
things
like
that,
but
we
currently
have
the
project
estimated.
This
is
for
the
water
line
estimated
at
24
million
and
the
sewer
line
estimated
at
a
little
over
6
million.
I
So
you
know
hopefully
and
I
hate
to
use
the
word
hope,
but
the
market
right
now
is
a
bit
volatile.
We
closely
monitored
that
and
update
and
scrub
those
numbers,
as
we
get
more
information
in,
but
we
feel
comfortable
with
that
estimate.
It's
got
some
contingency
built
into
it,
but
until
we,
you
know,
take
it
to
Market
and
open
it.
We
won't.
We
won't
know.
G
I
think
I
understand
your
question.
Are
you
asking
do
we
have
another
49
million
dollars
that
we're
looking
to
issue
no
has
already
been
issue?
Well,
the
first
tranche
was:
we've
moved
ahead
with
a
taxable
portion
that
was
part
of
that
49
million
dollars
that
went
before
the
state,
Bond
commission.
So
of
that
49
million
the
first
tranche
was
a
taxable
issuance
for
the
construction
which
we're
out
for
bids
on
at
this
time
for
a
40,
000
square
foot,
heavy
load
Warehouse
with
triple
the
live
load
capacity
of
your
traditional
Warehouse.
G
H
But
I
I
just
have
one
other
question,
and
this
is
just
for
my
clarification,
maybe
for
somebody
else
we
move
forward
with
this.
All
the
water
lines
are
in
and
you
know
nothing
happens
out
there
for
10
years,
we're
not
we're
not
responsible
for
anything
until
we
start
producing
water
out
there
correct.
That
is
correct.
This.
E
And
there
is
no
minimum
requirement
for
any
minimum
amount
of
water
to
be
produced
to
the
port
again,
I
I
think
people
are
getting.
You
know
somewhat
confused.
This
is
not
where
we're
taking
on
debt.
This
is
where
we
are
sharing
Revenue
to
and
have
an
obligation
again
once
once
we're
satisfied
once
our
overhead
costs
are
paid,
then
we
have
the
obligation,
depending
on
the
production,
to
satisfy
the
Court's
Debt
Service,
if
the
portion
that
is
obligated
to
the
port
for
reimbursement
of
their
Debt
Service.
E
We,
as
Mr
England,
said
the
way
the
agreement
is
drafted
is
once
the
first
gallon
of
water
is
produced.
The
city
becomes
profitable,
our
overhead
gets
paid.
First,
all
our
production
costs
all
our
treatment
costs,
our
Personnel
cost
or
maintenance
costs.
Once
all
those
are
satisfied,
if
there's
anything
left
over,
then
it
goes.
It's
split
evenly
or
divided.
Evenly
between
the
port
in
the
city
in
the
porch
portion
is
capped
at
the
maximum
amount
of
their
Debt
Service.
H
H
C
I
would
ask
a
couple
things
on
on
the
project.
That's
the
water
transmitted
from
our
plant
that
goes
to
the
industrial
complex
ever
returned
back
to
our
plant.
Is
that
because
I
don't
know
how
that
works,
so
it
never
does
okay,
so
how
many
meters
are
going
to
be
located
there,
so
we
we
know
how
much
water
we
are
producing,
selling
or
whatever.
I
I
know
I've
been
privy
to
a
couple
of
sizable
developments,
so
you're
not
talking
about
many
I,
think
you're
talking
about
a
handful
really
of
customers,
that's
I
don't
mean
to
take
his
Thunder,
but
that's
their
intent
is
to
to
have
you
know,
shovel
ready,
developable
property
for
major
industrial
players,
so
they
need
lots
of
property
with
lots
of
available
utility.
There.
G
Every
development
and
and
I
spoke
earlier
today
about
lease
premises,
so
the
port
owns
the
site.
We
as
the
catabossier
parishes,
Port
Commission
lease
sites
to
lessees,
we
Define
those
as
the
lease
premises.
Each
lease
premise
with
a
facility
will
have
a
meter
in
accordance
with
the
the
codes,
the
regulations,
the
standards
established
by
you
back
back
flow
prevention.
All
these
things
that
I
know
you
all
familiar
with.
All
those
things
will
be
in
absolute
accordance
with
your
regulations,
your
codes,
your
covenants,
okay,.
C
J
E
C
I
There
was
you
know:
we've
had
some
dialogue
regarding
the
sewer
component
and
that
would
be
the
The
Authority
that
regulates
Waste,
Water
treatment
and
and
based
on
my
assessment
of
the
agreement.
That's
before
you
here,
it's
very
clear
with
the
bond
issue
that
we
are
not
going
to
be
treating
Wastewater.
I
That's
what's
cited
in
the
code!
So
if
and
when
at
some
point
we
had
to
do
work
within
the
code
or
if
DEQ
said
look,
we
want
industrial
customers
to
mitigate
against
Acts,
then
we
would
be
mandated
to
write
that
into
our
code
abortences
and
update
those
and
refresh
those.
But
every
industrial
customer
that
currently
discharges
into
Bossier
system.
I
They
have
an
industrial
permit,
a
separate
permit
and
they've
got
a
meet
particular
guidelines
based
on
our
code
of
ordinances
before
that
water
can
enter
our
collection
system
and
we
can
treat
it
so
I
would
Envision
that
if,
at
such
point
in
time
we
were
doing
sewer
treatment,
those
same
guidelines
would
would
serve
the
citizens
and
the
in
the
city.
Well,
as
far
as
wastewater
treatment,
okay.
C
I
That
both
lines
are
similar
in
as
far
as
the
materials
used
and
the
techniques
used.
When
we
were
looking
at
waste
water
and
again
the
ports
trying
to
look
in
their
crystal
ball
and
come
up
with
some
idea
of
how
much
sewer
would
we
anticipate
and
what
was
communicated
to
us
was
size,
a
line
if
it's
large
enough
to
handle
up
to
5
million
gallons
of
Wastewater
A
day,
and
so
the
main
that's
put
in
that's
on
exhibit
D
is
part
of
the
plans.
I
C
E
E
Any
maintenance
that
is
required
on
the
infrastructure,
as
described
in
exhibit
deep
okay.
That
is
what
that's,
what
the
agreement
is
limited
to
those
bonds
and
those
in
that
infrastructure.
That
is
that's
why
we
attached
exhibit
deed
to
the
project.
That
is
what
we're
responsible
for,
however,
that
cost
is
paid
first
before
the
revenue
sharing
comes
in.
G
G
J
C
I
Defined
yeah
and
I
and
I
was
just
looking
through
the
cea
here
that
you
have
in
front
of
you
in
the
the
paragraph
on
page
five,
just
above
prepayment.
So
if
you
look
at
just
above
that
it,
it
goes
into
pretty
good
detail
on
maintenance,
yeah
I
I've
looked
at
this
in
you
know,
when
we've
sat
down,
I
I
think
that
it
it
the
language
is
clear.
The
language
protects
us.
We
would
be
able
to.
Certainly
we.
I
F
I
F
It's
three
years
and
we'll
know
in
three
years
we'll
be
hooking
up
somewhere
over
there
after
the
warehouses
are
built
because
we
know
they've
got
to
have
restrooms
so,
like
we
said,
like
you,
said
man,
it's
hard
to
push
sewer
from
over
there
to
our
plant.
There's
no
way
to
do
that.
So,
what's
what's
the
what's
the
next
Road,
what
do
we
do.
I
So
my
understanding,
my
interpretation,
the
agreement,
would
be.
That
would
be
a
whole
different
project
where
we
sit
down
with
the
port
and
and
discuss
the
the
details
and
the
port
has
not
come
to
the
city
or
us
to
look
specifically
at
that
option
as
of
yet,
but
if
and
when
that
day
comes,
we
would
make
sure
that
one
Administration
and
the
councils
aware
look
reports
getting
serious
about
sending
sewer
to
Bossier
City
and
that's
going
to
look
like
this
and
and
we
would
go
through
all
the
minutia.
I
F
F
I
And
I
and
I
really
again
I'm
not
an
attorney
but
I'm,
trying
to
jump
forward,
but
we
got
to
look
at
the
future,
but
the
language
is
is
in,
in
my
opinion,
clear.
It
says,
notwithstanding
the
foregoing,
it
is
understood
and
agreed.
This
agreement,
specifically
contemplates
Bossier
City
May,
provide
Wastewater
Treatment
Services
to
the
commission
and
users
connected
to
the
system
in
the
future.
Unless
and
until
the
governmental
entities
effectuate
the
terms
and
conditions
of
this
section.
This
agreement
only
provides
for
the
construction
and
maintenance
of
the
facilities
described
in
exhibit
D.
I
So
those
are
the
that's
the
lie.
So
yes,
it's
in
there
we're
getting
some
outstanding
creative
financing
related
to
that
that
the
their
Debt
Service
is
less
frankly
than
what
I
was
projecting
it
to
be
so
I
think
in
the
we've
talked
about
the
spirit
of
the
agreement,
but
it's
clear
I
mean
in
black
and
white.
That's
that's!
The
intent
would
be,
let's
keep
it
open
and
and
and
provide
for
future
dialogue
as
it
relates
to
sewer
treatment.
F
F
I
hope
again,
this
is
what
I'm
looking
at
not
to
interrupt
you,
man,
you
know
I
love
you
but
I'm.
Looking
at
two
years,
we
have
an
election.
Some
of
these
guys
meet
David
I,
don't
know
we
might
not
be
here
so
in
six
years
or
three
years
when
these
things
get
built
over
there,
somebody's
got
to
be
able
to
wastewater
treatment
plant
and
we've
got
to
figure
out
where
it's
going,
how
we
get
it
over
here
now,
that's
more
dollars.
I
And
and
I
think
at
at
some
point,
they
may
already
be
exploring
Wastewater
options,
I'm
sure
that
they've
been
working
through
that
I'm,
not
the
technical
expert
as
it
as
it
pertains
to
their
Wastewater
needs
and
and
I.
Think
I
would
like
for
Bossier
City
to
be
at
the
table
when
those
things
are
being
discussed
and
ultimately,
what's
going
to
govern.
That
decision
is
what's
best
for
the
poor,
Cato
Bossier.
F
G
G
F
G
F
H
A
Too,
yes,
absolutely
it's
everything,
so
the
performance
and
payment
Bond
would
be
in
place
for
the
entire
project,
Water
and
Sewer,
upon
substantial
completion
and
acceptance
of
the
project
under
the
performance
and
payment
performance
of
the
payment
Bond.
When
that
contract
is
fulfilled,
the
two-year
maintenance
bond
is
implemented.
So
from
that
point,
not
the
data
construction,
the
date
of
substantial
completion,
it
would
be
a
two-year
maintenance
bond
which
would
guarantee
that
the
contract.
G
F
E
In
this
specific
agreement
that
obligates
the
city
to
build
any
or
to
not
nothing,
the
port's
going
to
build
everything
but
to
maintain
and
operate
anything
that
is
not
contained
in
exhibit
D.
So
if
it
does
make
sense
in
the
future
for
Bossier
City
to
treat
Wastewater,
that
would
be
the
subject
of
a
brand
new
agreement
and,
of
course
the
city
would
have
to
you
know
investigate
that.
Do
their
due
diligence,
evaluate
that
and
then
strike
a
deal
with
the
port.
That
would
you
know,
that's
a
mutually
advantageous
to
both
entities.
Well,.
F
F
G
I
In
this
agreement
we
did
councilman
Williams
when
working
with
the
poor
on
the
servitude
agreements.
Those
were
structured
in
a
way
to
provide
for
an
additional
sewer
main
to
go
through
there.
So
there's
been
some
forethought
that
if
the
ultimate
solution
is
to
pump
water
from
the
port
to
the
Red
River
treatment
plant,
that
there
would
be
facilities
available
to
do
that,
but
that
is
not
part
of
the
cea
and
it's
not
part
of
the
the
project.
B
D
B
If,
if
it
is
the
intent
of
the
port
to
be
made
whole,
even
if
it
happens
after
the
retirement
of
the
debt,
again,
I
I
think
it's
safe
to
assume.
Nobody
up
here
will
be
here
when
that
happens,
that
that
should
be
in
writing,
because
we
should
not
commit
to
the
Future
Council
and
future
mayors
that
they
will
continue
to
pay
after
The
Debt
Service
is
retired,
I
think
that's.
G
B
Okay,
but
that's
not
what
was
said
at
the
last
Workshop,
which
is
I,
guess
where
my
confusion
is
coming
in,
because
the
last
Workshop
it
was
clearly
said
that,
even
if
it
happens
after
the
debts
retired,
we
expect
to
be
made
whole.
And
so
that's
that's
where
that's
where
I'm
getting
confused
at.
If
that's,
if.
G
G
In
the
discussion
at
the
time
there
was
a
term
of
99
years
and
I
believe
the.
If
you
will,
the
area
of
discussion
was
what,
if,
during
The
Debt
Service
term,
that
the
full
amount
has
not
been
paid,
then
the
payments
would
extend
beyond
Debt
Service,
but
because
we've
made
the
changes
to
make
the
agreement
more
beneficial
to
Bossier
City
by
it
only
being
40
years.
C
G
If
I
don't
have
another
opportunity
again,
we
we
appreciate
the
opportunity
for
this
dialogue
and
the
opportunity
these
are.
These
are
agreements
that
are
meaningful
for
the
future
of
our
communities.
We
on
behalf
and
I,
on
behalf
of
the
port
Commissioners
appreciate
this
opportunity
to
flesh
out
all
the
details.
You
all
have
my
cell
phone
number.
If
not
I
know
the
clerk
can
provide
it
to
you.
Please
feel
free
to
call
me
be
glad
to
answer
any
questions.
Thank
you.
B
B
G
J
How
are
y'all
doing
David
Crockett,
653,
dumaine,
Drive,
Bossier,
City,
Louisiana
I
I
have
a
kind
of
a
question.
I,
don't
know
if
you
can
address
it
right
now,
but
has
anybody
run
this
corporate
Endeavor
through
the
bond
commission
or
Louisiana
Treasurer,
because
there's
a
requirement
to
do
so?
Has
anybody
done
that
yet.
J
E
J
G
Me
go
and
make
one
or
either
way
councilman,
so
this
this
matter
has
gone
before
the
the
state
parking
commission
and
in
our
interactions
with
the
state
Bond
commission,
the
the
focus
was
on
the
ports
financials,
because
we
have
to
stand
alone
on
this
issuance
in
the
event
that
no
payment
whatsoever
is
made
from
Bossier
City
to
the
port.
That's
highly
unlikely,
but
this
stands
alone
on
the
ports,
debt
coverage
ratio
alone.
It
does
not
require
those
payments
from
the
city
for
it
to
stand
on
its
own.
J
Well,
I
differ
with
what
was
just
said
because
there's
a
public
notice
on
the
treasurer's
website
and
it
would
be
very
informative
for
everybody
on
the
council
to
read
about
it.
It
talks
about
some
of
the
exact
thing
same
things
that
we're
talking
about
building
something
that
may
not
in
the
end
Belong
To,
The,
City,
all
the
things
about
Cooperative
Endeavor
agreements.
J
It's
addressed,
I
think
in
September
of
2022,
but
I'm
just
recommending
that
you
go
and
review
that,
and
it
makes
it
pretty
clear
that
this
is
an
obligation
if
it's
an
obligation
of
the
city,
to
pay
for
something
that
it
is
something
that
we
have
to
be
converted.
The
Motor
City
has
to
be
concerned
about
as
far
as
total
debt,
because
it
is
an
obligation
to
pay
I
think
that's.
What's
come.
J
J
So
I
I
think
in
the
long
run
for
the
city.
You've
already
covered
the
points
where
it
is
an
issue
of
concern
to
the
city
that
that
it
may
not
be
the
city's
Bond.
But
when
you
read
the
commission's
paper
that
I'm
talking
about
you'll
find
very
clearly
that
IT
addresses
almost
everything
that
you
guys
are
talking
about
in
this
Cooperative
Endeavor
and
it
does
have
to
be
run
through
the
bond
commission
before
you
approve
it
and
go
for
it.
But
anyway
you
can
shake
your
head.
J
All
you
want,
but
thank
you
for
letting
me
have
a
comment.
I
think
one
of
the
other
things
that
that
has
not
happened
and
I've
asked
for
it
a
couple
of
times
the
total
debt
payment
structure
needs
to
be
disclosed
to
the
public.
I've
asked
for
that
twice
and
I.
Frankly,
I've
been
treated
kind
of
rudely
about
that.
J
But
I
think
you
as
councilman
need
to
know
what
that
payment
structure
is
going
to
be
because
if
you
sell
start
selling
one
thousand
or
whatever
1
million
gallons
a
day,
whatever
you
start
selling
and
you
start
having
to
pay
this,
you
have
to
be
aware
of
what
all
those
payments
are,
because
that's
an
obligation
to
the
city,
whether
it's
your
mind
or
not,
and
it
like
I,
said
in
the
first
meeting.
It
will
need
to
be
disclosed
in
your
financial
reports,
because
it
is
an
obligation
that
the
city
is
paying
it
to
the
port.
J
C
Talk,
thank
you
I'm,
sorry
to
interrupt
you,
but
the
good
news,
Mr
Crockett
before
you
came
in,
we
did
address
the
structure
of
payment
and
it's
it's
on
the
record.
We
have
that
and
I
think
the
clerk
will
look
up
that
site
and
let
the
council
become
aware
of
that
in
the
future.
Before
our
next
council
meeting.
C
E
J
G
J
G
J
Had
in
prepared
in
preparing
for
the
last
Workshop,
it
wasn't
in
there
and
I've
been
asking
to
get
the
payment
structure,
the
total
payment
principle
and
interest
every
year
for
35
years
because
of
4.9.
Even
it's
been
support.
Point
nine
percent
average
rate
on
your
bonds,
as
was
talked
about
in
one
of
the
meetings.
4.9
percent
on
a
35-year
bond,
is
a
lot
of
money.
You're
going
to
be
paying
much
more
than
double
the
initial
principle.
C
A
D
J
It
no
I
I
asked
for
the
meetings.
I
thought
it
ought
to
be
a
pop
part
of
the
public
discussion,
not
something
because
whenever
I've
asked
for
anything
now,
I
know
I
need
to
get
back
to
Mr
Jacobs
on
one
of
my
other
ones,
but
you
know
you're
not
going
to
get
it
immediately.
It'll
be
after
your
Workshop
before
I
ended
up
getting
it.
J
Not
disputing
that
I
just
in
two
times
in
the
meetings
I
said
the
public
should
have
this.
We
we
should
put
it
as
one
of
the
attachments
that
you
can
openly
go
to
for
the
meeting.
So
I
can
look
at
it
and
talk
about
it.
Then
we
can
write
about
it
credibly
and
then
the
council
gets
the
advice
and
consent
of
everybody,
not
just
what
you're
seeing
there.
So
that's
awesome.
C
D
Commission
with
the
commission
and
the
cost
of
said
project
said
agreement
would
not
result
in
any
debt
being
assessed
to
the
city
as
per
the
cea.
The
city
is
not
responsible
for
the
payment
of
said
bonds.
The
debt
is
the
sole
responsibility
of
the
commission.
Would
the
city
having
the
responsibility
to
make
payments
to
the
port
after
the
city's
production
and
treatment
costs
are
satisfied?
Said
payment
to
the
commission
is
capped
at
The
commission's
Debt
Service.
C
E
The
there
is
this
has
been
misconstrued
by
whatever
Source
the
city.
This
is
not
debt
on
the
city's
books,
because
the
city
is
not
responsible
for
any
of
this
bonded
indebtedness.
What
this
is
and
quite
frankly,
I
mean
it's
very
advantageous
advantageous
to
the
city
in
the
legal
sense
of
the
way
the
agreement
has
been
drafted.
E
It
is
a
revenue
sharing
agreement.
The
port
is
going
to
bond
pay
for
and
build
the
infrastructure.
What
we
have
is
a
maintenance
agreement
and
a
revenue
sharing
agreement
once
our
overhead
costs
are
met,
production
treatment,
maintenance,
all
those
things
that
we
do
on
a
daily
basis
anywhere
once
that,
once
all
those
expenses
are
met,
then
the
revenue
any
extra
Revenue
will
be
divided
evenly
between
the
port
and
the
City,
with
the
ports
portion
of
that
Revenue
capped
at
the
quarterly
amount
of
its
debt
service.
E
If
the
city
does
satisfy
the
quarterly
revenue
or
the
quarterly
Debt
Service
of
the
port,
then
anything
produced
after
that
is,
and
that's
that
three
million
gallon
number,
then
the
city
keeps
100
percent
of
the
revenue,
but
in
no
way
shape,
form
or
fashion.
Is
the
city
responsible
for
any
principle
or
interest
payment
on
the
bonds
that
are
that
the
port
that
will
be
issued.
You
know
and
sold
by
the
port
to
finance
the
project.
I
mean
it.
It
can't
get
any
more
simpler
than
that.
It's
just.
A
Sir
quick
recommendation
as
to
an
assertion
that
was
made
at
the
podium
I
would
ask
Mr
Jacobs
to
reach
out
to
Foley
and
Udell
our
bond
Council,
which
Dairy
one
is
familiar
with,
as
well
as
governmental
Consultants.
We
hire
these
professionals
just
as
we
hire
CPAs
to
affirm
our
position
in
in
what
has
been
asserted,
not
by
certain
individuals
but
by
representation
of
our
Council
Mr
Jacobs,
Mr,
roschenbach
and
Mr
England.
A
So
I
think
that
would
go
a
long
way
to
assert
that
we,
the
council,
are
in
an
affirmative
position
that
we
are
relying
on
true
and
tried
decisions
that
are
made
and
that
we're
going
to
adhere
going
forward.
If,
in
fact,
this
cea
agreement
in
partnership
with
the
port
is
approved
next
Tuesday.
So
with
y'all's
concurrence
in
this
Workshop
I
would
like
to
ask
Mr
Jacobs
to
seek
those
opinions.
Please.