►
Description
Bloomington Community Budget Advisory Committee Meeting
A
B
A
Second
device
scan
failure.
Any
discussion
hearing
done
come
to
a
vote.
All
those
in
favor
say
aye.
Those
opposed
the
agenda
is
approved.
Then
we'll
move
on
to
the
minutes
and
in
the
packet
are
the
minutes
from
the
July
meeting
and
also
in
the
packet
are
the
presentations
that
were
from
the
last
meeting.
So
any
changes
for
the
minutes.
A
D
C
D
D
D
Next
week
we'll
be
discussing
the
internal
service
funds
and
here's
some
tentative
dates
that
we
discussed
the
last
time
as
well
and
I
did
send
out
to
all
the
committee
members
last
week,
kind
of
the
tentative
themes
and
talking
about
the
engagement
plan.
Emily
Larson
has
been
putting
some
information
together
and
also
remember
from
last
week
the
bang
the
table
software
putting
some
things
together
for
that.
D
So
we'll
have
things
to
share
with
you
soon
we're
tentatively
looking
at
some
dates
in
September
for
some
community
listening
sessions
using
zoom
we'd
also
be
using
other
types
of
engagement
tools.
But
what
we're
sort
of
looking
at
is
in
the
evening
on
a
Thursday
September
17th
from
6:30
to
8:00
and
Saturday
September
19th
in
the
morning
from
10:00
and
10:30.
So
two
similar
types
of
listing
sessions,
but
for
some
more
information
on
that
and
then
the
one
thing
I
had
from
to
follow
up
from
last
week.
D
The
question
was:
are
there
mandates
that
are
handed
down
from
the
state
to
the
county
or
to
the
local
level
from
regarding
the
Public,
Health
Division
and
looking
ahead?
What
might
the
city's
Public
Health
Division?
Have
to
undertake
that
would
require
more
property
tax
support,
so
I
reached
out
to
the
Public
Health
Division
Bonnie
Paulson,
who
is
the
vision
manager
and
our
public
health
administrator,
and
then
assistant,
public
health,
administrator,
Nick,
Kelly
and
here's
the
information
that
they
shared
with
me.
D
Maternal
child
and
family
health,
environmental,
public
health,
communicable
disease
control,
chronic
disease
and
injury
prevention,
access
to
and
linkage
with
clinical
care
and
public
health
infrastructure
are
the
six
areas,
and
so
Hennepin
County
is
their
own.
Ch
B,
as
Dinah
Richfield
and
Hennepin
County,
does
not
mandate
activities
to
the
city
of
Bloomington.
We
are
only
directed
by
the
Minnesota
Department
of
Health
state
statute,
and
just
some
history
is
that
in
the
early
60s,
the
city
of
Bloomington
made
the
decision
to
advance
their
Public
Health
Division
in
a
1976.
D
When
this
145
a
statute
was
updated,
jurisdictions
had
to
decide
to
become
their
own
CHP
or
to
let
it
roll
to
the
county,
and
the
decision
by
Bloomington
and
Dinah
Richfield
in
Minneapolis
was
to
become
their
own.
Chp
and
Bloomington
and
Dinah
in
Richfield
have
been
working
together
on
public
health
since
1977,
and
we
currently
are
accredited
as
a
three
city
site
by
the
public
health,
Accreditation,
Board,
meaning
Bloomington
and
Dinah
in
Richfield,
which
is
a
national
accreditation
and
so
prior
to
kovin,
19
emerging.
D
The
state
was
starting
a
conversation
on
how
to
strengthen
local
public
health,
which
included
possible
revisions
to
Minnesota
State
statute
145
a
and
this
report,
but
they
provided
here
there's
a
link.
This
report,
if
you
want
to
look
at
that
leader
and
that
we
had
many
members
of
the
staff
at
city
of
Bloomington
Public
Health
Division,
participate
in
the
initial
conversation
with
Minnesota
Department
of
Health
on
21st
century
in
public
health
of
Minnesota.
That
resulted
in
an
initial
framework
for
what
public
health
may
look
like
in
the
future.
D
And,
of
course,
this
works
been
put
on
hold
because
of
Cova
19,
but
they
and
work
will
restart
but
unclear
what
it
will
look
like
and
when
that
will
occur,
and
there
will
likely
be
changes
to
help
Public
Health
operations
in
the
future,
based
on
the
lessons
that
have
been
learned
and
broader
recognition
of
the
role
Public
Health
plays
in
addressing
structural
racism.
So
as
a
nation,
public
health
is
moving
towards
a
strategy
of
Public
Health,
focusing
on
cross-sectoral
environment
policy
and
system
level.
D
Action
to
directly
affect
the
social
determinants
of
health,
and
this
work
directly
impacts
the
root
causes
of
health
inequities
that
result
from
structural
racism.
So
our
core
direct
services
will
be
continuing,
but
new
programming
or
services
would
likely
be
focused
on
the
policy
system
level
work.
So
just
that
that
is
the
update,
a
lot
of
information
from
Public
Health
Division,
so
I
just
wanted
to
share
that
follow-up
from
question
from
last
week
and.
A
E
D
A
D
D
All
right-
and
so
this
is
on
revenue,
analysis
and
you
might
have
noticed.
We
have
some
additional
people
up
here
tonight,
so
mark
Reichel
has
is
a
tax
and
assessing
analyst.
The
city
of
Bloomington
has
recently
become
that
rolling
just
recently
went
to
part-time
with
the
city
after
how
many
years
and
being
full-time
at
the
city
and
the
sussing
department
might
mark
30.
F
D
Years
so
we're
very
happy
that
he's
decided
to
work
still
with
us
on
a
part-time
basis,
he's
an
expert
in
many
areas
in
the
property
tag,
Minnesota
property
system
and
many
other
areas.
So
he
works
a
lot
with
us
on
evaluating
the
tax
levy,
impacts
in
property
valuation
and,
of
course,
Laurie
economy.
Shoulder
our
CFO
was
here
too,
and
we're
gonna
be
talking
about
tonight.
D
Mark's
gonna
give
some
insight
into
some
of
the
different
analysis
that
we've
been
doing
a
part
of
a
team
with
lodging
and
admission
taxes
and
forecasting
that
and
you'll
also
notice
that
we
have
some
easels
and
the
rooms
were
all
in
the
room
this
evening
and
to
do
something
a
little
differently.
You
should
all
have
sharpies,
I,
think
or
oh
we're
going.
You
will
have.
D
Okay,
so
Breanna
is
going
around
and
passing
out
the
sharpies
and
you'll
what
a
bright
pretty
big
on
on
on
these
half
sheets
of
papers,
so
that
we
can,
you
can
see
them
from
where
you're
sitting
all
right.
Oh
and
I
should
say
too.
If,
if
you
have
a
question,
if
I
were
going
through
something-
and
you
just
have
a
question
clarifying
what
we
just
said-
and
you
want
to
write-
then
just
find
out
some
more
information
go
ahead.
D
D
But
here
is
the
numbers
of
the
2020
budget
revenues
for
the
general
fund
and
where
we
are
today
with
some
updated
numbers
of
our
2020
projected
revenues.
So
it's
gonna
be
hard
to
know
exactly
how
the
property
tax
will
in
until
early
January,
but
just
from
what
we're
looking
at.
We
think
there
will
be
delinquencies
and
it
could
be
as
much
as
six
point:
nine
million.
D
So
that's
what
we
are
still
projecting
and
you
can
see
the
lodging
tax
five
million
less
than
budget,
and
although
it
you
know
some
other
areas,
we're
looking
at
more
than
budget
like
in
intergovernmental
revenue
so
and
a
lot
of
times.
That
will
happen
if
we
do
have
grant
revenue
or
intergovernmental
revenue
that
we
don't
know
about
earlier
or
when
the
original
budget
is
passed
and
then
the
budgets
amended
when
we
receive
those
is
why
that
would
be
higher.
A
And
one
of
the
things
that
I,
just
and
I
have
talked
about
this
a
little
bit
before,
but
I
want
to
make
it
clear,
cuz
it's.
This
is
a
great
way
to
look
at.
It
is,
if
you
look
at
the
some
of
these.
Some
of
these
categories
are
temporarily
unavailable
and
some
of
them
are
permanently
unavailable.
Okay,
so
a
good
example
is
the
property
tax
at
six
point:
nine
million
dollars.
Eventually
the
city
will
collect
that.
You
know
it
might
be
next
year.
A
It
might
be
two
years
from
now
it
might
be
three
years
from
now.
We
I
think
we'll
have
a
discussion
on
maybe
when
that
is
going
to
happen,
but
that
money
eventually
will
show
up
at
the
city
the
logic
money
every
month
that
the
hotels
are
closed,
that
the
money
that
we
would
have
generated
from
lodging
tax,
that
that's
not
gonna,
there's
not
going
to
be
a
month
where
we
have
lots
extra,
and
that
comes
back.
A
G
The
reason
that
the
property
tax
will
eventually
be
collect
be
collected
is
that
property
tax
runs
with
the
land,
and
so
even
if
a
property
owner
the
property
tax
payers,
delinquent
and
maybe
even
goes
into
foreclosure
or
into
bankruptcy,
the
taxes
will
still
stay
attached
to
the
property
itself,
and
so,
at
whatever
point
that
somebody
brings
that
property
back
on
to
or
into
production
the
taxes
would
then
get
paid.
So
it
may
be
somebody
else,
but
that
would
explain
the
delay
of
why
it
eventually
gets
collected.
D
And
this
is
also
some
repeated
information
from
our
first
meeting,
but
just
to
bring
this
up
again.
This
is
just
for
the
2020
shortfall
and
a
big
point
about
this
slide
here
is
a
lot
of
these.
This
would
just
be
one
time
strategies
to
address
it,
so
we
couldn't
use
the
strategy
again
and
21
and
the
order
that
they
are
on
this
slide
is
kind
of
the
order
of
the
priority.
D
D
C
C
That's
just
gone,
that's
not
coming
back!
Yes,
I
guess!
That's
the
only
other
us
like
what
Steve
is
talking
about
in
the
lodging
tax.
Then
take
me
back
to
your
comment
about
your
show
cuts
of
seventeen
program.
You
could
do
program
changes
for
seventeen
million
to
help
cover
this
fourteen
million
gap
right
right.
C
D
So
chair
Peterson
and
committee
members,
if
we
do
not
need
all
the
seventeen
million
I
think
it
is
an
option
that
the
committee
could
discuss
since
it's
an
option
that
we
were
using
for
2020
shortfall.
I
think
it
was
something
that
you
could
discuss
as
an
option:
I,
don't
Lori
or
and
Jamie.
Do
you
want
to
add
anything
to
that?
The.
H
Timing
would
be
difficult
because
we
won't
know
the
property
taxes
wouldn't
when
they've
been
in
December
and
most
of
your
work
could
be
completed
by
then
so
our
second
half
of
taxes
are
December
and
early
January
and
then
we're
looking
at
how
all
the
expenditures
really
landed
so
and
if
there's
any
where
we
could
offset
any
of
these
expenditures
with
some
of
the
cares
money
for
costs
that
we
incurred
this
year,
horribly
utilizing
some
of
that
too.
So
it
might
not
be
as
bad
as
17
or
as
bad
as
14.
C
H
Is
correct
that
six
point
seven
is
a
combination
of
year
and
2019
positive
performance
and
bringing
our
fund
balance
from
over
forty
percent
down
35%,
and
that
is
pretty
much
the
the
lowest.
We
want
to
go
in
regards
to
how
the
state
auditor
regards
fund
balance
mm-hmm,
because
when
you
look
at
fund
balance,
we
brought
it
had
that
range,
because
we
had
another
12%
of
our
revenues
in
hotel
and
admissions
with
that
tanking.
We
don't
have
that
flexibility
with
our
working
capital
anymore
and.
G
Char
Pedersen
I'd
echo
what
Corey
said
that
the
you
know
these
funds
would
be
available
as
part
of
a
recommendation.
If
the
committee
wants
to
include
one-time
funds
as
part
of
that
recommendation,
and
so
that'll
be
a
conversation
about
whether
you
want
to
have
a
structurally
balanced
budget
or
you
want
some
sort
of
a
graduated
approach
over
a
couple
years.
The
other,
the
other
place
where
these
funds
are
potentially
still
available
for
the
city
to
utilize,
is
in
a
scenario
where
next
year,
the
revenues
still
don't
materialize.
D
So
this
slide
is
just
talking
about
the
there's
different
timing
of
these
receiving
these
different
revenues.
So,
like
Laurie
was
saying,
we
won't
know
for
the
property
taxes,
we
only
receive
them
twice
a
year
around.
You
know
middle
of
the
year
and
the
end
of
the
year,
and
so
we
won't
have
everything
collected
until
January
of
21
and
historically,
you
know
close
to
99%
of
the
taxes
that
are
levied
we
collect,
but
we
do
not
expect
to
get
99%
this
year
and
it
is
a
timing
issue.
D
Whereas
lodging
an
admission
taxes,
we
receive
those
monthly
and
just
a
note
that
the
performance
of
that
it's,
we
don't
really
have
any
control
over
that.
It's
based
on
the
hospitality
economy
and
the
city
has
little
influence
and
permit
fees
we
received
throughout
the
year.
We're
not
allowed
to
set
the
fees
higher
than
the
costs
for
the
service,
and
that
fluctuates
with
the
economy
and
development,
market
and
licensing
the
liquor.
D
Licensing
revenues
are
received
annually
and
late
May
and
early
June,
and
then
other
types
of
licenses
come
in
throughout
the
year
and
program
income
we
received
throughout
the
year
so
primarily
and
the
general
fund
that
is
Public,
Health
and
Parks
and
Recreation,
and
in
grant
revenue
we
received
periodically
through
the
year
all
right.
So
the
first
area
we're
going
to
talk
about
is
lodging
and
admission
taxes
and
I
am
going
to
turn
it
over
now
to
Mark
Reichel
to
just
talk
about
the
history
and
some
forecasts:
analysis,
okay,.
F
F
You
know,
as
Kerry
mentioned
one
thing
we
did
to
try
to
forecast
the
impact
on
lodging
in
a
mission
is
set
up
this
internal
working
group
here
in
the
city
from
people
from
various
departments,
so
we
have
Finance,
Port,
Authority
and
assessing
staff
represented
and
we
meet
weekly,
not
weekly,
initially
and
now
it's
more
of
a
biweekly,
but
we're
doing
our
best
to
study
study
this
issue,
and
you
know
I,
think
one
one
thing
I
hear:
I'm
sure
you
hear
this
word
hurt.
You
know
spoken
all
the
time
that
this
is
really.
F
The
first
thing
that
we
thought
we
should
do
is
to
and
go
back
and
study
the
history
of
the
data
you
know
of
the
lodging
and
and
the
admissions
and
because
we've
been
through,
you
know
real
estate
and
economy,
it's
cyclical
and
so
we're
hoping
to
learn
what
we
can
from
past
cycles.
So
the
chart
that
you've
got
up
right
now
is:
is
a
19
year
history
of
lodging
tax
revenue
and
starting
in
2000
up
to
2019,
and
you
know
it's
it's.
What
it
really
represents
is
3%
of
lodging
sales.
F
So
if
we
were
to
do
this
bar
chart
using
lodging
sales,
it
would
look
identical,
but
I
I
think
it's
interesting
to
go.
You
know,
go
back
in
time
and
and
just
see
how
closely
lodging
is,
is
tied
to
the
economy,
just
the
overall
economy,
because
it
really
tracks.
So
if
we
start
in
2000,
you
can
see
that
we
had
just
come
through
the
late
90s
and
you
know
the
the
internet.
F
Technology
was
all
the
rage,
and
there
was
you
know
so
much
investment
in
stocks
of
technology
and
Internet
related
companies,
and
you
know
we
know
what
happens
things
cycle
and
so
come
early
2000
or
in
that
timeframe
the
bubble
burst,
and
so
we
start
this
downward
track
in
the
economy
and
Lodging
follows,
and
you
know,
then,
the
unspeakable
tragedy
of
September
11th
2001
occurs,
and
it
just
continues
this
downward
trend
in
the
economy,
as
well
as
the
lodging
revenues.
So
you
see
that
you
know
over
that
three-year
decline.
F
We
had
we
had
about
a
19%
reduction
and
it
took
it
took
you
know
a
full
six
years
back
to
2006
to
get
to
get
back
there
and
then,
once
once
we
got
back.
We
continued
growing
until
till
the
next
cyclical
issue,
which
you
know
is
kind
of
started
by
the
the
housing
finance
market
and
that
just
kind
of
started,
a
cascading
of
events
that
led
to
just
the
the
largest
recession
or
downturn
since
the
Great
Depression-
and
you
know
it
was
not
gradual.
F
F
You
know
there
was
a
18
percent
reduction
in
just
that
one
year,
which
was
a
little
bit
different
than
the
than
the
previous
the
previous
downturn.
But
but
then,
then
we
had
some
strong
growth
continuing
out
through
the
entire
rest
of
the
decade,
and
you
know
I
I
think
it's
interesting
to
to
look
at
towards
the
end.
2017
in
2019
both
represent
declines,
but
that
actually,
in
my
mind
it
was
a
sign
of
a
healthy
market,
because
what
what
what
happened?
F
There
was
the
Twin
Cities
became
a
world
player,
the
Ryder
Cup
comes
in
26
and
you
know
that
had
a
huge
influence
in
the
lodging.
So
so
he
had
this
big
run-up
in
2016
now
granted
it
wasn't
just
the
Ryder
Cup,
but
that
was
lopped
on
top
of
an
already
strong
economy
and
then
so
2017
shows
a
dip.
Well,
it's
a
dip
off
of
a
very,
very
healthy
level,
and
then
what
happens?
This
2018,
it's
the
Super
Bowl
and
the
Super
Bowl
was
just
an
enormous
financial
benefit
to
the
hotel
industry.
F
But
if
you
give
them
away,
there's
no
revenue,
but
you
know
the
rev
par
is
kind
of
hasn't
both
considered,
and
so,
despite
adding
2100
rooms,
our
Rev
par
also
went
up
significantly
through
that
decade,
and
so
we
end
the
decade.
And
now
we
have
to
look
forward
well,
we
just
got
done
with
a
building
boom
of
five
more
hotels
and
we
have
one
under
construction.
Now,
the
Hyatt
House
right
by
the
new
fire
fire
station
and
there's
there's
one
other
one.
That's
gone
through
the
approval
process.
F
Drury
Inn
I
think
that's
about
214
rooms
by
Minnesota
center
across
from
Fuddruckers,
so
we
likely
will
add
a
couple
hotels
over
this
forecast
period
like
the
next
four
years.
However,
there's
also
a
strong
likelihood
that
we're
going
to
lose
a
few
hotels
to
residential
read
of
are
lots
of
redevelopment
but
repurposing.
So
there's
there's
probably
a
strong
likelihood
that
we're
gonna
go
down
in
that
room
count
over
the
next
four
years.
F
But
I
don't
personally
see
that
as
a
negative,
because
the
the
rooms
that
are
gonna
be
coming
out
of
inventory
are
going
to
be
the
older,
lower
rate
properties
versus
you
know
that
what's
being
built
and
what's
recently
being
been
built,
so
you
know
we
have
about
10,000
hotel
rooms,
it
might
slip
a
little
bit,
but
that
particular
factor
I
don't
see
as
as
a
significant
detriment.
Okay
and
then
I
just
had
those
bullet
points.
F
F
So
then,
with
admissions
now
it's
sort
of
a
similar
situation,
the
it's
a
3%
of
of
the
admissions
sales
in
the
city-
and
one
thing
you
should
know-
is
that
almost
all
of
our
admissions
sales
occur
at
Mall
of
America,
and
you
know:
Nickelodeon
Universe
is
by
far
the
the
largest
entity
that
that
that
pays
admission
tax.
So
you
know
the
fact
that
the
mall
was
closed.
F
C
F
H
C
G
C
G
Cannot
redirect
those
funds
without
change
in
state
law?
We
do
have
the
ability
to
set
up
an
inner
fund
loan
if
there
is
a
short-term
need
to
borrow
money
from
one
phone
to
another
and
then
set
up
a
repayment
schedule.
But
we
can't
we
can't
redirect
any
of
those
taxes
elsewhere
without
the
state
legislatures
consent.
H
H
A
C
G
G
G
E
G
G
F
F
You
know
the
O
506
time
frame,
it
was
Camp
Snoopy
and
then
it
was
an
unbranded
park
called
the
park
at
Mall
of
America
for
the
years
2007
and
2008,
and
then
there
was
this
tremendous
capital
infusion
and
rebranding
to
Nickelodeon,
Universe
and
I.
Think
it's
interesting
that
you
see
2009
there
wasn't
a
decline.
F
You
know
the
hotel
market
took
a
huge
hit
in
2009,
but
I
think
it
had
something
to
do
with
just
the
the
newness
of
the
rebranding
of
Nick
universe
and
so
the
the
the
market
you
know
with
with
admissions
you
know
perhaps,
is
a
little
bit
closer
tied
to
housing,
and
you
know
there
there
were
some
declines
further
on
into
the
recession
and
I
know.
Matt
has
shown
slides.
F
Before
of
you
know,
we
had
six
years
in
a
row
of
declining
home
values,
perhaps
that
downturn
and
emissions
was
a
little
bit
more
delayed
than
you
know
not
quite
as
tight
to
the
economy
as
the
hotels.
But
the
other
thing
would
just
be
to
note
that
2019
again
ended
on
a
very
strong
note.
So
we
were
very
strong
coming
out
of
2019.
Okay.
F
So
then,
here
comes
2020
and
you
know,
as
I
just
stated,
that
our
local
market
was
strong.
The
United
States
market
was
strong.
The
trends
from
19:00
were
continuing
early
on
in
the
year,
but
you
know
then
we
started
to
see
internationally
some
of
the
impacts
from
from
the
virus,
and
that
was
quickly
felt
here.
So
Mall
of
America
closed
on
March
17th,
you
know,
hotel
occupancy
is
just
plummeted.
F
F
So
as
we're
meeting
as
a
group,
then
we're
trying
to
ask
all
these
different
questions.
Well
what
what?
What
does
it
mean?
What
should
we
be
considering?
You
know
when
will
the
Mall
of
America
reopen,
you
know,
so
we
were
forecasting
this
out.
You
know
the
summer
and
we
know
in
hindsight
now
that
it
June
10th
it
did
reopen,
but
we
had
to
ask
questions
about
the
restaurants
in
the
bars
closed
initially,
and
you
know
now,
we've
got
kind
of
a
gradual
reopening
at
lower
capacities.
F
Will
the
public
travel
boy
you
see,
Delta
just
reported
earnings
or
losses.
It
was
just
it's,
but
the
impact
to
the
travel
industry
is
is,
is
just
severe
and
you
know,
then:
if
people
aren't
traveling,
are
they
going
to
stay
in
hotels,
who's,
going
to
stay
in
hotels,
and
we
we
saw
just
you
know
tremendous
reductions
in
occupancy
schools.
You
know
our
school
is
going
to
be
normal
in
the
fall
or
are
they
going
to
be
semi
normal
and
schools
goes
from
kindergarten
to
universities.
There's
there's
there's
issues
schooling
related
at
all
ages.
F
When
are
we
going
to
reach
this
so
called
herd
immunity?
You
know
the
theory
is
that
if
we
get
60
to
70
percent
of
the
people
that
have
had
the
virus,
that
that
would
stop
or
slow
slow
the
spread-
and
you
know
there,
but
there's
so
much
controversy
about
the
the
the
science.
And
if
can
you
get
reinfected-
and
you
know,
is
that
even
verifiable,
but
it's
something
that
we're
considering
you
know
what,
when
will
there
be
an
effective
treatment
or
even
a
vaccine
boy?
F
If,
if
we
had
a
vaccine
that
the
public
could
trust
by
the
end
of
this
year,
that's
an
absolute
game
changer
for
everything,
counting
us
the
assessment
for
2021
and
kind
of
all
of
our
forward
look
assumptions,
but
you
know,
unfortunately,
we're
we're
still
sitting
here
in
this
time
of
extreme
uncertainty
and
it
you
know
it
just
seems
you
know
the
cases
are
exploding
again
in
the
south
and
the
West.
You
know
I
just
read
that
Hong
Kong
Disney,
you
know
they
were
a
couple
months.
F
So
this
is
the
plan
that
that
we
came
up
with
as
a
group.
The
first
thing
I
want
to
do
is
document
what
we
know.
So
we've
got
some
actual
data,
and
and
as
that
data
becomes
known,
we're
documenting
it,
we
were
planning
to
use
2019
data
as
our
benchmark,
so
we're
trying
to
forecast.
When
are
we
going
to
get
back
to
that
2019
level?
But
you
know
the
quicker
the
better.
F
If
we
got
back
to
2019
soon,
we
would
be
in
fine
shape,
we're
as
a
group
we're
just
considering
anything
and
everything
that
we
that
we
can,
including
we
have
access
to
local
Bloomington,
lodging
performance
that
that
certainly
is
strong
consideration
in
what
we
do
in
the
forecast.
Then
we're
trying
to
look
at
a
worst-case
scenario,
a
best-case
scenario
and
a
most
likely-
and
you
know,
of
course,
in
the
worst
case,
we're
going
to
be
much
more
conservative.
F
F
Most
likely
case
is
what
we've
presented.
It
will
be
coming
up
in
in
a
slide
here
in
a
second
but
kind
of
kind
of
in
the
middle,
and
then
what
we've
done
with
those
forecasts
is:
we've
looked
to
the
industry,
there's
a
lot
of
industry
data
out
there
and
they
are
pegging
2019.
So
they're
they're,
looking
out
twenty
twenty
twenty
one,
twenty
two:
how
are
we
going
to
be
doing
comparing
to
2019?
F
And
so
as
we
do,
our
forecasting
we're
doing
the
same
thing
and
then
comparing
ourselves
to
that
other
data,
and
so
we're
going
to
come
up
with
a
conclusion
based
on
the
modeling
that
we
do
of
much
revenue.
We
are
forecasting
to
lose,
and
that
is
the
number
that's
making
its
way
into
this
budget
process.
F
So
this
is
just
one
small
piece
of
the
main
summary
page
of
what
we're
doing
in
it.
It
represents
the
most
likely
scenario
in
our
minds,
anyways
and
just
as
an
example
of
the
analysis
we're
doing,
and
so
this
is
2020
data
by
month
and
everything
above
the
bold
double
line
is
actual
data
that
we've
been
able
to
load
in,
and
the
percentages
represent.
What
is
the
percentage
of
the
2019
lodging
and
emissions
for
January?
So
you
can
see
that
in
January
we
were
at
a
hundred
percent,
I
mean
things
were
good
February.
F
F
What
do
we
think
is
going
to
happen,
and
so
we
are
in
this
most
likely
case
scenario.
We
are
forecasting
gradual
increases
in
occupancies
and
we
are
in
fact
seeing
that
in
the
data
over
the
last
six
ten
weeks
after
you
know,
April
being
so
bad,
it's
it's
been
a
gradual
comeback,
but
you
know
with
the
way
things:
are
it
day-by-day
things
things
can
change,
but
as
of
now
that
that's
what
we're
seeing
in
Seoul,
we
are
forecasting.
F
What
what
the
public
acceptance
is
in
terms
of
view
utilizing
the
facility,
but
then
just
following
that,
through
a
month
by
month,
we
get
down
to
the
bottom
there,
and
so
the
projection
is
that
we
will
lose
fifty
nine
percent
versus
2019
in
lodging
and
69
percent
in
admissions
in
Seoul.
That
is
the
five
million
reduction
in
lodging
tax
and
1
million
in
admissions,
and
so
this
chart
is
is
a
summary,
then
of
of
all
of
it,
so
we're
going
out
through
2024
and
you
can
see
at
the
top.
F
F
What
we
do
is
we,
as
this
data
becomes
available,
we
build
it
into
the
model
and
and
a
lot
of
times
it
might
that
what
they
track
might
be
that
Rev
part
figure
that
I
talked
about
or
they
might
track
the
lodging
tax,
which
is
really
what
we're
trying
to
get
at
one
of
them.
I
think
it's
Green
Street.
They
they
track
anta
ye,
not
net
operating
income,
so
the
the
perform
the
total
performance
of
the
property.
F
Sometimes
we
blend
it
if,
like
there's
a
deep
in
a
shallow
or
a
worst-case
best-case,
it's
just
a
blend
and
and
when
there's
multiple
dates
its
using
the
most
recent
date.
But
you
can
see
that
blended
for
2020
is
fifty-four
point
four
decline,
so
we're
we're
just
slightly
more
conservative,
generally
2021
we're
forecasting
thirty
two
percent
versus
that
average
of
twenty
nine
percent
decline,
and
so
we
we
carried
that
out
and
it's
it's
pretty
consistent.
F
I
mean
people
seem
to
think
that
you
know
four
years
out
we're
going
to
get
back
to
that
2019
level
and
I
think
that
kind
of
adds
a
little
bit
of
credence
to
that.
Looking
at
those
historical
data,
because
if
you
remember
it
took
us
six
years
out
of
the
2000s
recession,
it
took
four
years
out
of
the
Great
Recession.
So
this
this
decline
is
way
way
more
at
fifty
nine
percent.
F
But
people
still
seem
to
think
that
by
four
years
out
we're
going
to
get
going
to
get
back
there
and
you
know
there's
lots
of
negative
data,
but
there's
lots
of
other
data
to
consider
too
I
mean
and
look
at
the
stock
market.
The
stock
market
was
down
30%
initially
and
now
it's
come
back,
20
of
that
and
down
down
10.
So
you
know
we're
trying
to
consider
everything
in
these
forecasts
and
and
it's
it's
a
day-by-day,
week-by-week
updating
and
so
we'll
we'll
just
continue
to
update
this.
D
So
here's
the
2019
lodging
tax
revenue
at
the
top
there
at
eight
point
six
million,
and
then
you
can
see
for
what
we're
projecting
a
five
million
loss
for
this
year
and
then
then
the
twenty
one
budget.
You
know
2.8
million,
almost
twenty
to
one
point:
nine
million
a
reduction
and
then
so
on,
and
so
that
it
would
be
2024
we'd
get
back
to
those
2019
levels,
its
our
lodging
tax.
So
about
it.
You
know
five
years
to
reach
our
pre
co-head
levels
and
then
same
thing.
D
We
did
here
for
admission
tax,
so
you
know
over
a
million
dollars
looking
at
and
twenty
seven
hundred
sixty
one
thousand
twenty
one,
and
so
you
can
see
for
each
the
effect
of
that
reduction
and
how
long
it
would
take
to
get
back
to
the
preak
ovid
dollars
all
right.
So
I
will
move
on
to
permit
revenue.
If
you
had
some
things
that
you'd
want
to
put
up
on
our
lodging
an
admission
board
and
we
have
our
break.
D
This
is
a
showing
the
January
through
May
of
this
year.
The
permit
revenue
and
the
bar
that
goes
across
the
middle
is
the
five-year
average
of
2016
to
2020.
And
what
I'll
point
out
here
is
two
2019
is
way
over
that
five-year
average
and
then
2020
is
also
over
that
five-year
average.
So
we
just
looked
at
the
lodging
and
emission
tax
revenue
and
that's
a
pretty
dismal
story
there
and
where
does
permit
revenue
is
looking
better
and
then
this
graph
is
just
showing
2016
2:22
permit
revenues,
the
actual
for
2016
2017,
2018
and
2019.
D
D
1068
net
new
residential
units
and
then
so
far
this
year,
665
units
are
in
the
works
so
plus
another
600
units
have
moved
through
the
entitlement
phase
and
Planning
and
Zoning
some
information
on
single-family
residential
development.
A
small
portion
of
Bloomington's
activity
is
single-family
residential
development
since
for
a
built
out,
community
and
remodel
permits
are
down
10%
from
last
year
at
this
time.
But
this
is
interesting
with
what
everything's
going
on
home
investment
seems
have
picked
up
over
the
last
three
months,
and
residential
deck
permits
are
up.
C
D
Then
commercial,
industrial
development,
so
Bloomington
has
a
diverse
mix
of
retail
hotel
office
and
industrial,
and
this
has
led
to
continued
development
activity
in
previous
recessions.
That
said,
expecting
little
to
no
retail
or
hotel
development
in
2122,
but
some
industrial
expansions
still
taking
place
and
then
license
revenue.
D
D
Next
categories:
program,
income,
so
I,
just
I:
this
is
a
2020
budget
of
program,
income
and
I,
divided
them
into
kind
of
major
categories.
Just
to
show
you
what
makes
up
this
two
million.
Fifty
seven
thousand
part
of
the
revenue
budget
for
the
general
fund
and
public
health
is
the
most
income
eight
hundred
eighty-one
thousand,
followed
by
the
recreation
programs.
There's
some
police
programs.
Some
of
the
educational
programs
are
in
there
and
animal
control
on
some
other
things.
A
B
There
we
go
just
a
couple
things
to
note
on
this:
the
passport
revenue
is
these
are
budgeted
amounts.
This
is
what
we
anticipated
we
would
bring
in
this
year.
Our
passport
operations
have
been
closed
since
mid-march
and
are
and
have
not
reopened
yet
so
that
number
is
going
to
take
a
significant
hit
and
Creekside
has
been
closed
since
March
I
don't
know.
B
Thirteen
third
was
one
of
the
first
things
we
shut
down
so
that
number
we
are
not
going
to
come
anywhere
near
hitting,
and
the
same
is
true
with
a
lot
of
that
recreation
program
income.
It
is
not
entirely
summer
based,
but
it
is
heavily
summer
dependent.
So
most
of
that
money
would
come
in
I
would
say
in
May,
in
early
June,
as
people
register
their
kids
for
summer
programs
and
that's
not
happening
so
just
pointing
out.
This
is
a
in
what
we
thought
last
year.
C
B
Golf
is
not
in
this
because
golf
is
not
a
general
fund
operation,
we
run,
it
is
enterprise
fund
I,
don't
know
what
to
project
for
recreation.
I
can't
imagine,
we'd
hit
50
percent
I
would
guess
we're
gonna
be
closer
to
20%,
maybe
for
the
year
and
that's
dependent
on
how
much
of
our
fall
leagues
and
so
on.
We're
able
to
actually
get
up
and
running
I
want.
E
D
So
that's
a
nice
segue
into
this
next
slide
and
some
things
that
we
want
to
just
questions
for
the
committee
to
think
about
and
discuss
to
start
having
conversation
as
far
as
a
policy
issue
of
setting
fees
and
specifically
for
Parks
and
Recreation,
and
when
the
Parks
and
Rec
director
and
Country
will
be
here
in
in
August
and
talking
about
just
parks,
recreation
with
some
more
detail.
I've
been
talking
about
this
more
specifically,
but
just
just
start.
D
This
conversation
about
you
know
how
much
of
the
cost
of
running
a
facility
like
the
Aquatic,
Center
or
ice
garden.
Golf
and
operating
programs
like
sports
leagues,
Camp,
Kona,
etc,
should
be
covered
by
fees
collected
from
users.
And
you
know
what
is
the
public
interest
in
having
low
cost
recreation
opportunities,
that
more
residents
can
access
and
just
know
that
Bloomington
has
historically
kept
these
fees
low?
D
D
And
then
the
last
category
is
intergovernmental
revenues,
which
includes
grants
and
I
kind
of
have
the
same
high-level
summary
of
the
different
categories.
So
majority
of
this,
inter
government
sort
of
revenue
and
the
general
fund
is
public
health
grants
that's
about
1.3
million.
This
is
in
the
2020
budget.
D
We
also
receive
or
I'm
sorry
1.3
million,
and
then
we
receive
1.1
million
from
the
state
in
police
state
aid
for
para
PE
RA,
which
is
the
Public
Employee
Retirement
Association,
and
then
there
is
some
police
grant
revenue
as
well
comes
in
the
general
fund
and
then
just
some
other
intergovernmental
revenues
and
again,
with
this
type
of
revenue.
Just
kind
of
another
policy
issue
is
you
know
the
pros
of
having
intergovernmental
revenue.
Grant
revenue
is
its.
You
know,
new
non-tax
revenue,
I
think
Jamie
referred
to.
D
D
Time
can
be
required
to
identify
and
research
and
apply
for
grants,
and
then
once
we
have
the
grants,
it
can
be
a
heavy
administrative
and
reporting
burden
to
manage
it,
track
it
and
make
sure
everything
is
documented
and
the
way
it
needs
to
be
and
often
they're
audited
later,
especially
with
a
significant
amount
of
money
and
then
sometimes,
if
the
grant
is
received
it's
short
term
and
then
that
funding
goes
away.
There's
a
decision.
D
And
just
some
kind
of
overall
questions
about
so
that
was
kind
of
end
of
this
revenue
presentation,
give
me
information,
more
information
and
on
what
stands
out
to
you,
the
most
and
in
these
different
areas.
If
you
want
to
comment
on
your
half
sheets
and
then
what
other
pieces
of
information
do
you
need
from
us
from
staff
that
we
can
provide
you
to
give
you
some
more
information
as
you're
and
I'm
building
some
thinking
about
a
revenue
scenario
for
the
21
budget,
I?
D
A
C
C
C
C
A
A
C
C
C
A
A
D
Right,
so
thank
you
for
these.
These
ideas
and
questions
up
here,
I'm
just
gonna
read
through
them
and
then,
if
any
of
us
can
answer
them
right
now,
we
will,
and
if
not,
we
will
get
back
to
you
next
week
with
somebody
answers
or
more
information,
okay,
so
intergovernmental
revenue.
This
is
here's
funding
the
six
point.
Nine
million
is
this
offset
Bloomington
public
health
expenses
and
how
much
has
been
spent
on
kovin
to
date.
So
it's
going
to
be
used
forever
right.
D
The
cares
fundings
when
we
use
for
a
variety
of
covent
expenses
for
some
is
public
health.
Some
is
public
safety
like
police
and
fire
and
supplies,
and
there's
also
some
of
the
money's
gonna
be
used
for
a
small
business
loan.
But
we
will
get
you
the
information
like
detailing
out
everything
that
it's
intended
for
and
what
it
can
be
used
for
and
then
also
what
has
been
spent
today.
So
that
is
a
good
question
and
then
for
a
program
income.
D
The
first
one
here
is:
how
does
senior
housing
taxes?
The
percentage
is
a
level
similar
or
different
to
single
homes.
So
I
make
sure
I
understand
this.
So
the
so
the
property
taxes
that
would
be
paid
for
senior
housing,
I
think
is
the
question
and
then
how
is
that
level
similar
different
to
single
homes?
Is
that
something
that
you
can
answer
mark
for
property
tax?
Well,.
F
Yeah
I
mean
it
would
depend
on
the
classification.
If
we're
talking
about
a
multi-family
senior
property
I
mean
it's
all
market
value
based
and
then
the
the
classification
rate
residential
is
one
percent
multi
families
generally
1.25
percents,
not
not
a
huge,
huge
difference.
You
know
on
per
unit
values
tend
to
on
the
newer
multi-families
are
in
the
200,000
per
unit
type
of
range,
so
they
might
have
a
slightly
higher
tax
rate,
but
I
think
is
we'll
talk
about
a
little
bit
later.
Single-Family
homes,
you
know,
are
generally
much
higher
value.
F
D
D
You
know
that
might
just
be
like
kind
of
a
discussion
for
the
girl
for
the
committee
to
think
about
that
and
then
for
program
income.
What
are
the
actuals
to
date
for
2020,
so
we
can
get
you
that
information
broken
out
and,
as
Chris
pointed
out,
what
we
are
looking
at
was
the
2020
budget
and
what
it
actually
is.
D
H
D
D
Okay,
thank
you
and
then
real
estate
taxes
should
cover
these
to
be
equitable
for
in
regards
to
program
income.
Alright,
this
one
has
the
most.
This
is
the
winner
okay,
so
this
is
lodging
and
admission
taxes
for
the
long
term
does
Bloomington
need
to
diversify
revenues
to
mitigate
the
loss
and
lodging
revenues.
So
that's
a
good
question
to
consider
and
how
do
we
invest
in
long
economic
diversification.
D
A
G
A
There
earlier
most
cities
pie
chart
like
that
would
be
even
much
more
strongly
dominated
by
property
tax
revenues
as
a
proportion
of
revenues
versus
the
city.
So
if
you,
if
you
think
about
diversity,
if
you
got
a
bunch
of
city
leaves
together
and
talked
about
diversity
in
revenues,
they
would
say:
oh
that
Bloomington
deal,
that's
a
pretty
good
deal
compared
to
a
lot
of
places
with
respect
to
diversity.
D
Thank
You
Jerrod
Peterson
and
then
this
one
says
Bloomington
should
revisit
the
commitment
to
give
dollars
to
South
Loop,
to
help
all
taxpayers
so
I
think
some
more
information
about
what
the
legislation
says
and
kind
of
the
history
there
and
and
then
I.
Oh
I
think
this
continues.
I
trust
the
approach
of
forecasting
room
and
admission
for
tax
revenue.
D
It's
a
big
hole
to
fill
and
office
space
will
not
be
needed
to
the
same
numbers.
Going
forward
is
a
point
to
think
about
and
then
return
to
old
usage
norms.
I
think
that's
a
question
like
is:
it
are
things
gonna
be
different?
I
think
was
maybe
the
point
about
this
that
maybe
it's
not
gonna
come
back
to
what
we
were
used
to
in
2019.
Things
have
changed.
D
Then,
oh,
that
I
see
what
your
question
is
about
that
so
I
think
what
Mark
was
talking
about
was
some
of
some
of
the
entities
did
not
pay
their
lodging
taxes
when
they
were
due
and
our
chances
of
capturing
that
I'll
I
will
look
into.
We
can
get
some
information
about
where
they're
at
like
how
much
is
still
delinquent
and
if
we're
going
to
be
receiving
those.
It's
a
good
question
and
then
city
of
Bloomington,
2020,
2021
budget
reduction
of
the
percentage
of
sales
tax
can
City
absorb
only
functions
partner.
C
D
C
So
what
does
that
look
like
budget
wise
and
there
are
thirteen
CVB's
in
the
metropolitan
area?
So
are
there
opportunities
to
consolidate
marketing
efforts
for
the
area
to
for
cost
savings,
and
is
there
anything
I?
You
know
with
rent
and
everything?
Are
there
any
cost
savings
that
the
city
could
absorb
to
offset
with
these
reductions?
Okay,.
D
Thank
You
Maureen
for
that
clarification,
so
for
lodging
no
International
Travel
will
have
a
negative
adverse
financial
impacts.
What's
the
potential
impacts,
some
kind
of
some
more
information
on
that,
and
then
the
number
of
hotels
that
will
close
by
the
end
of
2020
or
2021,
so
you
won't
get
that
information.
D
That
we
should
be
thinking
about
20,
21
and
22
22
revenues
together
and
then
I
think
for
that
one.
Just
cuz
we're
presenting
projections
budgets
for
2021,
also
considered
2022
in
total
and
then
hotel
construction
has
peaked.
City
needs
to
put
a
moratorium
on
new
hotel
development
when
I
expand
on
that
or.
C
Mr.
chair
Kerry,
looking
at
the
numbers
over
this
last
decade,
there's
been
an
increase
of
2100
hotel
rooms,
we're
gonna
start
seeing
the
real
adverse
impacts
and
and
the
downturn
in
hospitality
tourism.
So
we
have
built
hotels,
I
mean
expedition
aliy,
it's
been
a
lot
of
hotels
being
built
in
the
city.
C
What
will
happen
if
conventions
meetings
travel,
that
business
transient
person
who
comes
in
and
pays
the
high
hotel
right,
they're
not
coming,
and
so
we've
got
a
saturated
market
of
hotels
that
we
are
going
to
not
have
the
occupancy
that
we
need
to
sustain
all
that.
So
my
point
being
as
I've
been
saying
this
for
a
while.
We
should
just
stop
building
hotels
and
look
at
other
development
opportunities.
Instead.
F
Well,
I
think
I,
just
you
know,
just
to
add
on
a
little
I
think
the
market
is
is,
is
agreeing
with
you
to
a
degree.
If
you
look
at
say,
Drury
Inn
they've
had
the
approvals
I
think
for
quite
some
time
and
just
haven't
pulled
the
trigger
on
it.
In
Hyatt,
House
was
delayed
also
going
now,
but
that
might
be
it
there.
There
might
not
be
any
anything
else,
and
you
know,
like
we
talked
about
earlier,
we'll
probably
have
some
come
off
the
market.
G
G
Our
number
one
of
the
concerns
we
had
over
the
last
couple
of
years
is
whether
the
development
of
the
industry
was
exceeding
the
capacity
and
judging
by
the
rev
parts,
not
the
case,
because
you
would
think
with
with
additional
room
availability,
that
there
would
be
negative
pressure
on
rates
as
hotels,
try
to
compete
with
one
another,
and
we
didn't
see
that
now
the
current
circumstances
changed
everything,
but
I
think
we
are
approaching
that
equilibrium.
Point
and
I
think
that
this
will
force
a
natural
correction
in
the
market
for
a
while.
G
A
Other
just
one
other
comment
I
want
to
make
about
that.
Is
that
I'm
glad
that
you
brought
that
up
marine,
because
it's
it's
not
the
first
time
that
we've
had
a
conversation
about
the
correct
level.
Hotels
in
this
city
and
I
can
remember
very
early
when
I
was
on
the
council,
which
was
almost
20
years
ago.
A
Now
we
had
the
very
same
conversation
about
that,
and
that
was
back
when
the
city
had
probably
fifty
five
hundred
or
six
thousand
hotel
rooms
and
the
the
industry
is
50%
bigger
at
this
point
and
generating
the
same
amount
of
revenue
per
room
effectively
as
it
did
back
then.
So
one
of
the
lessons
that
I
learned
around
that
about
that
is,
as
a
elected
official
trying
to
substitute
my
judgment
for
marketplace
judgments
around
investing
like
that
I
felt
like
I
it.
A
E
But
boats,
the
what's
different-
is
that
about
two
years
after
9/11
hotels
actually
started
getting
built
in
Bloomington,
so
we
had
more
who
had
more
rooms,
so
the
gross
revenue
number
you
was
increasing,
maybe
two
three
four
years
after
9/11,
but
the
revenue
we're
not
going
to
see
that
similar
I
presume
increased
number
of
rooms
here.
So
we're
gonna
see
that
that
Rev
par
number
probably
don't
be
more
relevant
than
it
had
been
when
it
was
masked.
When
we
had
more
rooms,
you.
A
So
it's
actually
surprisingly,
the
hotel
business
is
surprisingly
nuanced,
as
I've
learned
over
the
last
20
years
of
paying
attention
to
it
and
it
doesn't
yet.
Yet
you
have
to
be
very
careful
about
how
you
think
about
it
and
how
that
kind
of
the
segmentation
of
the
market
to
as
it
as
it
represents
different
kinds
of
pools
of
demand
and
how
that
matches
up
with
the
supply
in
the
business.
D
D
G
Can
I
jump
in
there?
This
has
been
a
conversation
for
the
budget
team
here
for
the
past
year,
or
so,
as
we've
seen
the
trend
for
cord
cutting
in
the
industry,
a
cord
cutting
meaning
that
folks
are
moving
away
from
traditional
cable
services,
our
franchise
fee
that
we
have
with
Comcast,
and
we
also
had
one
with
CenturyLink
in
their
service
didn't
last
very
long.
G
G
We
have
seen
that
fund
get
to
the
point
where
we're
now
requiring
taxpayer
support
for
it
in
addition
to
the
franchise
fee
revenue
that's
coming
in.
So
that's
one
of
those
policy
discussions
I
think
that
we
will
have
as
committee
is
about
the
Communications
Division
specifically
and
how
we
look
at
it
for
the
future
Chris
just.
B
Gonna
tack
onto
that
Jamie,
especially
maybe
for
anybody
who's
watching
from
home.
The
reason
we
can't
necessarily
go
out
and
just
get
revenue
from
these
new
sources
is
the
franchise
fee
is
basically
a
lease
payment
for
using
the
city's
right-of-way.
Those
are
literally
cabled
services
that
are
in
the
ground
and
they
couldn't
do
their
business
if
they
didn't
have
access
to
our
publicly
owned
right-of-way,
so
they're
leasing
the
ability
to
operate
out
of
our
right-of-way,
the
other.
B
The
newer
arms
of
delivering
that
entertainment
into
your
home
is
not
relying
on
a
cable
in
the
ground
running
through
our
right-of-way,
so
our
ability
to
draw
any
revenue
from
their
operations
in
our
city
just
isn't
there,
at
least
in
the
conventional
source
and
the
way
the
FCC
has
been
talking
and
ruling.
There's
no
indication
that
they're
interested
in
helping
preserve
local
government
budgets
so
I
don't
expect
that
that's
going
to
grow
at
all.
You
know
more
likely
continue
to
get
restricted.
D
B
Hard
to
say,
I
mean
we
don't
license
in
any
form
a
typical
retail
store.
You
know,
so
we
don't
draw
any
license
fees
from
just
your
brick-and-mortar
stores
unless
they
need
to
be
inspected
for
serving
food
or
they
have
a
liquor
license
or
something
I
would
have
predicted
that
our
liquor
license
renewals
would
have
been
down
and
that
we
would
have
had
license
holders
that
just
didn't
renew
their
license
in
this
environment
and,
as
you
saw
on
the
screen,
that's
not
the
case.
B
I
think
we
went
from
76
to
73
license
holders
or
something
of
that
magnitude.
So
a
really
small
change,
and
we
actually
at
least
one
of
those-
is
in
the
works
to
come
back
under
new
ownership.
So
in
the
areas
where
we
have
sort
of
a
good
window
into
the
operations.
It's
surprisingly,
you
know
those
businesses
are
continuing,
but
it's
just
that
segment
of
liquor
license
holders
that
we
have
a
pretty
decent
window
into
what
they're
doing.
A
C
C
The
liquor
license
stay
ahead
of
things,
but
I
I
really
think
we're
gonna
really
see
those
impacts
in
fourth
quarter,
so
I
think
we're
gonna
see
a
fair
amount
of
businesses
that
did
everything
they
could.
They
got
Idol
loans,
they
got
the
PPP,
but
if
there
isn't,
you
know
the
loan
forgiveness
and
a
few
other
things
that
kind
of
will
help
these
businesses
through
they
will
be
closing
their
doors.
We
just
don't
know
the
percent,
but
that
there
will
be
and
I
think
we'll
see
more
of
that
in
fourth
quarter.
D
All
right,
and
then
this
last
area
for
permit
revenue,
I'm
wondering
about
2021
per
minute
revenue,
just
maybe
some
more
information
about
what
is
going
into
the
the
forecasted
projections
for
that
and
then
see
well,
the
in
progress
multifamily
or
the
in
works
that
are
in
the
permit
process,
materialize
in
2020
and
2021
I.
Think
is
that
just
a
question
of
if
we
think
they're
going
to
they're
kind
of
in
process
now,
if
they're
gonna
go
forward,
actually
our
likelihood,
we
can
get
some
information
from
Community
Development
and
then
this
last
one
is
possible.
D
Decrease
of
construction
could
slow
down
with
so
that
can
slow
down
and
then
Nome
permits.
So
then
that
would
reduce
permit
revenue.
All
right
is
there
anything
else
you
want
to
discuss
now.
I
think,
there's
a
lot
of
things
here
that
we
can
do
some
research
staff
can
and
get
back
to
you
or
you
have
additional
questions.
We
can
look
at
that
as
well.
A
F
E
John
yeah
I
think
you
may
be
I'm
stating
the
obvious,
but
I
think
you
nailed
it
perfectly
in
it
and
and
by
my
math
it
that
projection.
The
sort
of
optimistic
projection
is
about
a
three
and
a
half
million
dollar
hole
related
to
just
lodging
and
admissions
and
there's
no
corresponding
savings
to
that,
and
it
begs
I
think
some
examination
about
the
corollary,
taxes
that
don't
go
into
the
general
fund,
but
from
those
same
collections
that
are
going
into
some
of
these
other
funds
we
mentioned.
E
D
So
this
first
another
pie
graph
here
this
is
our
2020
tax
levy,
so
the
total
amount
levied
was
64
million.
Six
hundred
eighty
nine
thousand
eight
hundred
sixty
three
dollars
and,
as
you
can
see,
majority
90%
of
that
is
kind
of
in
the
category
of
operations,
a
large
part
of
that
for
the
general
fund,
but
then
also
some
other
areas,
but
then
there's
some
other
pieces
of
the
tax
levy
that
we
want
to
give
me
some
more
information
about
that.
Mark,
I
got
and
Lori
are
going
to
share
and
that's
there's.
D
We
have
an
abatement
district,
the
Normandale
like
abatement
district
and
that's
a
small
part
of
the
levy
or
relatively,
and
then
also
the
amount
of
the
Lummi
that
we
let
me
to
pay
debt
service
and
so
just
kind
of
a
quick
thing
here
about
what
makes
up
that
that
amount
that's
for
kind
of
operations.
Fifty
four
million
is
a
general
fund
budget.
That's
you
know.
D
Ninety
two
point:
seventy
six
percent
and
then
coming
down
in
from
there
the
Aquatics
fund
has
like
1.2
million,
is
for
the
pool
and
the
beach
and
about
half
of
that
is
an
amount
set
aside
for
the
pool
vessel
replacement,
so
not
just
the
daily
operations,
but
for
a
big
future
capital,
a
project
and
then
a
fire
and
pension
fund,
which
we
talked
a
little
bit
about.
On
the
past.
The
Art
Center
fund
has
a
million
dollars
from
a
property
tax
levy.
Golf
three
hundred
thousand
communications
fun.
D
We
were
just
talking
about
that
two
hundred,
fifty
thousand
taking
care
of
the
getting
rid
of
the
diseased
trees
like
emerald,
ash,
borer
kind
of
forestry
part.
We
have
an
amount
levied
for
that
and
then
for
a
motor
vehicle
fund.
As
you
know,
those,
if
you
recall
those
fees
for
the
motor
vehicle
fund
are
set
by
state
statute
and
we
can't
increase
those
without
state
doing
that
and
it
has
been
requiring
extra
support
for
a
while
now
the
former
property
tax
and
then
Ice
Garden.
D
F
Okay,
so
the
tax
abatement
district
is
a
geographic
area,
that's
identified
in
the
city
and
you're,
seeing
it
on
the
screen
in
Bloomington.
It's
that
north
northwest
section
around
84th
and
Normandale
and
what
happens
in
a
tax
abatement
district
is
a
portion
of
the
local
tax
can
be
captured
to
provide
some
of
the
funding
mechanism
for
projects
needed
within
that
abatement.
District
and
carries
gonna
have
a
slide
that
kind
of
talks
about
some
of
the
things
that
are
funded
in
this
Normandale
Lake
abatement,
district
and
I.
F
Think
one
key
thing
would
be
that
it's
a
little
bit
different
than
a
tax
increment
finance
district,
which
is
much
more
commonly
talked
about
because
they're,
a
TIF
district
as
its
referred
to
a
TIF
district
you're
capturing
the
entire
local
property
tax
above
above
the
base
in
a
in
a
abatement
district
you're
just
capturing
a
portion
of
it,
and
it
could
be
city,
county
and
school.
If
you
get
participation
from
those
other
jurisdictions,
but
for
our
abatement
district,
it's
its
city.
F
F
We
we
have
these
eight
districts
where
we're
capturing
the
city
tax,
to
help
with
with
funding
of
some
of
the
infrastructure
and
other
other
items
that
that
are
assisting,
because
we
are
only
capturing
the
city
tax
and
no
other
jurisdiction.
It's
it's
a
twenty
year
period
that
were
able
to
capture
the
tax.
F
As
of
2007,
so
that
is
kind
of
the
specifics
of
our
abatement
district,
it
becomes
part
of
the
total
levy
like
you
just
saw
in
the
slide.
It's
it's
not
a
significant
part,
but
it's
still
a
million
dollars
plus
or
minus
part,
a
part
of
the
levy
and
in
in
recent
years,
and
the
next
slide
I'll
show
the.
F
Maybe
you
could
go
to
the
next
slide
this.
This
is
where
we're
actually
calculating
and
forecasting.
What
is
the
maximum
abatement
levy
that
we
could
do
for
each
of
these
different
eight
different
areas,
and
what
I
was
saying
on
that
previous
slide
is
that
we
in
recent
years
have
decided
not
to
levy
the
entire
maximum
amount.
So
if
you
just
look
down
again,
it's
it's.
D
And
so
the
money
that
is
part
of
the
tax
levy
that
is
specifically
for
this
Normandale
link
abatement
district,
the
projects
that
have
been
completed
so
far
in
that
district
that
have
come
through
there's
a
separate
fund,
a
capital
projects
fund
for
this.
For
this
district
and
they've
done
some
interior
street
projects,
urban
design
projects
that
enhance
the
characteristic
of
Normandale
kind
of
identifying
that
area
and
then
what's
italicized
here
is
this
East
if
you're
familiar
with
the
East
Bush
leg,
road,
the
I-494,
more
recent,
the
interchange,
the
westbound
ramp
project?
D
So
initially,
when
this
the
district
was
created,
there
was
a
thought
that
part
of
this
money
would
help
to
pay
for
that
project.
And
actually
what
happened
is
that
basically,
the
that
project?
The
construction
project,
was
funded
entirely
from
other
funds.
It
ran
through
this
fund,
a
part
of
it
and
other
other
funds,
but
it
was
federal,
state
and
county
grants
of
twenty
3.8
million.
D
D
We
have
an
ability
to
set
aside,
like
1.1
million
of
the
tax
levy
for
this
district,
but
the
decision
was
to
have
it
at
950
thousand
and
then
that
was
sort
of
projected
out
I
thought
about
that
correct
for
the
like
up
until
2029,
when
or
when
it
would
end,
and
so
the
total
of
all
that
that's
come
in
here
is
6.3
million,
and
some
of
that
has
been
spent
on
the
on
Capitol
projects.
So
currently,
this
fund
has
about
5.7
million
dollars
in
it,
and
one
thing
that
we
would
like
to
propose.
D
A
city
staff
is
based
on
the
planned
projects
for
21
to
20,
29
that
the
City
Engineer
is
comfortable
with
reducing
the
amount
for
the
next
five
years
of
the
levy
for
the
Normandale
tax
abatement
jig.
So
just
something
for
the
committee
to
consider,
and
so
instead
of
having
nine
hundred
and
fifty
thousand
dollars
in
2021,
we
would
reduce
that
by
six
hundred.
D
C
H
Let
me
answer:
we
would
just
not
levy
that
amount
so
different
than
a
TIF
district.
We
have
to
levy
each
of
these
amounts
each
year
and
it
grows
in
the
fund
balance
until
we
can
make
the
improvement.
So
with
the
schedule
that
you
see
above
you,
we
could
still
do
the
improvements
that
are
needed
in
this
district
with
this
revised
funding
stream.
H
C
F
B
B
C
Forgive
me
for
being
Simple
Simon,
there's
half
a
million
dollars
there,
six
hundred
thousand
dollars.
We
have
a
six
or
seven
million
dollar
gap
that
we
have
to
fill
that's
going
to
get
loaded
onto
the
homeowners
of
Bloomington.
So
I
see
this
as
a
six
hundred
thousand
dollar
piece
that
eliminates
some
of
that
levy
on
our
homeowners
to
get
to
that
fifty
or
sixty
four
million
well.
C
C
B
E
E
B
D
H
One
of
the
very
first
bullets
I
want
to
make
sure
everyone's
aware.
We
are
a
triple-a
city,
we
have
the
triple-a
from
Standard
and
Poor's
Moody's
and
Fitch,
and
we
are
one
of
the
40
cities
out
of
nineteen
thousand
five
hundred
across
the
United
States
municipal
level,
local
county
level,
Township
levels
that
have
those
three
triple
A's,
so
the
city
is
very
proud
of
those.
We
look
at
the
different
risks
that
might
impact
that
I
have
of
the
three
standard.
H
&Amp;
poor's
has
an
app,
so
we
go
to
the
app
every
time
we
finish
our
Cafer,
comprehensive
annual
financial
report
and
we
plug
our
numbers
in
there
and
we
look
at
it
and
confirm
that
next
time
we
come
up
for
a
credit
rating,
we
would
see
where
our
risks
might
be
so
I'm.
Looking
at
as
we're
covered
time
2019
and
aside
what
our
credit
rating
is
looking
at.
H
So
we
don't
know
yet
how
they're
going
to
look
at
the
city
with
where
we're
filling
in
gaps
with
fund
balance,
but
just
to
go
through
what
Standard
and
Poor's
has
for
some
of
their
criteria.
They
look
at
the
state,
our
metro
area,
city
economics.
They
look
at
the
income
of
a
median,
valued
home
person
in
Bloomington
and
see
what
they
can
afford
to
look
at,
so
that
would
be
under
the
state,
metro
and
city
economics.
They
look
at
city
management.
Is
there
a
lot
of
turnover
in
City
Council?
H
They
look
at
a
couple
of
council
meetings,
see
if
there's
how
they're
reacting
they
look
at
executive
management.
If
there's
a
lot
of
turnover
they
look
at,
do
we
have
policies
and
procedures,
long
term
financial
models?
So,
as
I
mentioned
earlier,
we
give
the
council
financial
reports
every
month,
starting
with
the
first
quarter
that
April
May
June
June
report
that
will
come
out
at
the
end
of
next
week.
We'll
have
estimates
of
where
we
think
we'll
land
to
2020,
and
so
the
credit
rating
gets
those
financial
reports.
They
look
at
all
that
information.
H
They
look
at
our
budget
flexibility.
Do
we
have
the
ability
to
raise
taxes?
Are
they
going
to
take
that
ability
to
raise
taxes?
If
there's
economic
changes,
are
we
going
to
cut
expenditures
so
when
we
have
a
conversation
with
them?
On
our
credit
rating
will
tell
them
that
we
deferred
spending
on
capital
and
the
different
activities
that
we
do
there.
They
look
at
budget
performance,
how
we
budgeted
and
how
a
revenues
came
in
how
our
expenditures
went
out.
Liquidity,
they'll,
look
at
our
cash
balances
to
expenditures
our
cash
balances
to
debt,
debt
and
contingent
liability.
H
Part
of
that
is
what
we're
issuing,
what
we
think
we're
going
to
be
issuing
and
they
also
look
at
our
overlapping
debt
in
that
area.
So
if
our
school
district
has
issued
a
lot
of
debt,
if
our
county
has
issued
a
lot
of
depth,
how
it
impacts
a
Bloomington's
resident
to
pay
that
debt
or
that
tax
for
all
those
areas
and
then
just
the
institutional
framework
in
that
area,
no
city
in
Minnesota
gets
above
us
strong
in
that
area.
H
So
we
continue
to
look
at
that,
so
those
are
just
some
of
the
criterias
and
that
our
credit
rating
agencies
have
looked
at
in
the
past
next
slide.
So,
on
the
city
side,
our
outstanding
debt
at
year
in
2019,
was
75
million
tax,
supported
of
that
was
51
million
8
and
then
I
break
that
51
million
8
down
a
little
bit
lower
in
the
tax
supported
piece.
The
Geo
and
their
charter
bonds
are
eight
million,
hey.
H
Obligation,
bonds,
where
the
city
is
pledging
our
a
valorem
taxes
to
play.
We
were
pledging
our
taxes
to
pay
for
those
bonds
at
a
hundred
percent
of
what
we
issue
and
then
a
general
obligation,
permanent
improvement,
revolving
bonds.
Those
are
for
our
payment
management
program
for
our
road
improvements
that
we
annually
do
for
road
reconstruction
and
taxes,
and
assessments
pay
for
that
43
million
in
exactly
generally
about
75
25
75
be
in
taxes,
25
percent
being
assessments,
so
51
million
is
tax
supported
debt.
The
other
piece
is
there
of
that.
H
We
looked
at
share
peterson
when
we
looked
at
collections
in
may,
greater
than
50%
of
our
homeowners
and
bloomington
have
their
mortgage
company
pick
up
their
property
taxes
and
their
assessments
and
their
mortgage
payments.
So
we
saw
a
great
deal
of
collection
of
those
assessments
come
in
through
that
process
for
those
that
look
at
their
assessments
in
where
they
don't
have.
The
mortgage
company
pick
that
up.
That
was
due
today.
H
So
when
we
look
at
what
we're
going
to
get
because
the
county
extended
that
period
of
time,
so
we'll
get
that
revenue
at
the
end
of
this
month
and
we'll
see
what
we,
what
the
first
half
for
assessments
came
in,
so
I
can't
really
forecast
how
that
looks.
They
might
have
been
able
to
collect
during
the
first
half
but
with
co-head.
The
second
half
might
be
tougher
to
do
so,
we'll
be
watching
and.
A
By
I
concerned
about
the
the
escrow
payments
would
be
that
you
could
easily
have
a
situation
where
from
if
you
think
about
how
escrow
gets
calculated
in
mortgages
and
collected
that
you
know
at
least
on
my
mortgage,
the
escrow
basically
for
for
taxes
for
this
years,
mostly
collected
at
this
point.
Because
of
the
balance
that
gets
carried,
the
escrow
account
of
an
annual
basis.
A
So
it
just
seems
to
me
that
there
could
be
saw
if
we
saw
a
significant
rate
of
mortgage
delinquency
in
this
city.
As
we
come
out
of
this
period
of
kind
of
kind
of
kind
of
the
federal
government
for
stalling
mortgage
delinquencies
that
you
could
start
having
collection
problems
on
those
assessments
of
that
representative.
Significant
percentage
of
the
total
collections.
H
Chair
peterson,
when
we
look
at
whether
the
banks
were
doing
most
of
them
did
and
allow
a
lot
of
residents
to
do
at
least
a
two-month
forbearance
and
I'm.
Now
hearing
that
the
banks
are
coming
back
and
asking
if
they
need
more
time.
So
there
may
be
another
two
months
or
three
months
and
that
those
that,
depending
on
how
they
escrow
it
that
money
for
the
second
half
of
the
year
and
the
first
half
of
next
year,
will
be
the
telling
okay.
A
A
I
just
died:
if,
if
we
shouldn't
worry
about
it
and
you
don't
think
it's
gonna
try
to
figure
out
if
it's
material
or
not,
basically,
is
by
asking
questions.
So
that's
that's
really
what
I'm
trying
to
is
it
something
we
have
to
care
about,
or
is
it
like?
A
hundred
grand
you
know,
a
hundred
grand
is
probably
below
in
the
noise
of
what
we're
doing.
If
it's
a
half
million
bucks
a
brisk,
then
we
probably
have
to
talk
about
it.
H
It
could
be
sizeable
yeah,
so
in
May,
for
bonds
issued
in
2020,
we
did
issue
a
million
three
for
the
Knox
and
American
project
for
future
activity.
There
chari
is
promised
to
pay
that
debt
if
through
land
sale
in
the
future,
and
we
anticipate
issuing
about
9.2
million
dollars
of
general
obligation
permanent
improvement,
revolving
series,
24
bonds-
again,
that
is,
for
our
payment
management
program
for
road
improvements
that
are
happening
right
now.
H
There's
a
feasibility
study,
there's
a
forecast
of
what
the
cost
might
be.
Residents
receive
information
along
the
way.
Generally,
the
first
week
of
September,
the
residents
will
receive
their
letter
of
what
their
piece
their
final
number
of
that
will
be,
and
so
generally,
on
that
nine
point,
two
million
seventy-five
will
be
tax,
supported
and
25
will
be
assessed.
H
We'll
have
that
conversation
next
week
on
the
internal
service
funds,
so
on
the
facility
fund,
they
collect
fees
like
rent
from
all
the
different
departments
and
it
accumulates
and
they
pay
the
debt
service
on
the
center
part
of
this
building
and
I
would
be
happy
to
tell
you
that
on
to
one
of
21,
this
building
will
be
paid
for
so
it's
a
it's
a
milestone,
and
then
we
also
have
a
pavement
management
or
excuse
me.
Permanent
improvement,
revolving
fund
and
we've
been
utilizing
this
fund
to
reduce
our
debt
levy.
H
So
we've
had
a
reserve
in
there
when
it
again
a
general
obligation
permanent,
a
PIR
bond
matures,
so
we
usually
have
them
for
a
10-year
duration
when
it
ends
and
there's
some
cash
left
over.
We
have
to
put
it
into
this
revolving
fund
and
that's
earned
interest
overtime
and
currently
were
you
to
seeing
in
Twenty
twenty
four
hundred
and
forty
eight
thousand
dollars
of
that
fund
to
buy
down
our
debt,
and
then
we
issued
property
taxes
for
five
million.
Four
hundred
eighty
two
thousand
Laurie.
H
H
H
At
the
end
of
this
year,
we
look
to
have
about
two
million
dollars
and
that
fund
and
I
would
be
looking
to
utilize.
Another
say:
half
a
million
dollars
or
four
hundred
and
eighteen
thousand
dollars,
which
would,
if
I
add
in
issuing
our
debt
in
the
fall
of
9.2
million,
and
what
that
debt
service
would
be.
H
I
can
generally
keep
our
debt
service
flat
relatively
flat
within
a
few
thousand
dollars
to
what
our
2020
debt
service
was
by
utilizing
this
fund,
and
that
would
be
the
intended
purpose
of
that
fund
for
2020
once
budget,
and
we
could
probably
look
at
that
again
for
2022,
but
then
the
fund
that
2
million
dollars
would
pretty
much
be
gone.
So
this
2
million
dollars
is
also
the
safety
net.
So
if
those
assessment
payments
don't
come
in,
this
would
help
make
the
debt
service
payment
so
I
wouldn't
want
to
drain
it
too
much.
C
B
So
while
it's
modeled
into
the
fund
that
the
mortgage
for
lack
of
a
better
word
will
be
paid
off,
it
doesn't
necessarily
mean
that
we're
gonna
stop
charging
those
departments
that
money,
because
we
have
a
lot
of
other
facility
needs
that
are
that
we
coming
on
in
the
future.
This
is
coming
off,
but
other
charges
are
costs
are
coming
on.
Yep.
C
I
know
it
I
know
it's
an
occupancy
cost
and
I
understand
that,
but
in
these
critical
times
the
next
couple
of
years
it
might
be
hard
to
explain
to
some
taxpayers
in
Bloomington
that
we're
going
to
continue
to
accrue
this
occupancy
cost
of
seven
hundred
thousand
dollars
for
a
couple
years
where
we
could
not
accrue
it
and
therefore
not
half
the
levy
as
much
in
taxes
for
a
couple
years
again
times.
They
are
a-changin.
H
Asking
what
we'll
be
doing
in
a
case
of
an
emergency,
so
we
have
like
a
a
budget
for
emergencies,
kind
of
the
the
two
million
right,
and
so,
if
we
were
to
not
issue
the
levy
or
to
continue
to
pay
or
have
the
department's
pay
their
occupancy
tax.
Basically-
and
there
was
an
emergency.
What
we
do,
because
we
want
to
have
the
funding
coming
in.
H
Chair
Peterson
Acquia,
the
two
million
dollars
is
in
the
permanent
improvement
revolving
fund
and
that
can
only
be
used
for
street
activities.
It
is
not
allowed
for
this
building
at
all
Cheers,
okay,
so
whatever
Kari
is
talk
about
just
a
minute
ago,
how
the
departments
contain
to
pay
into
a
fund
to
maybe
them
like
there,
the
building
will
be
paid
off.
C
A
But
the
dynamics
around
that
decision,
don't
change
whether
you
decide
to
accrue
for
it
or
not.
It's
just
more
about
whether
you're
being
honest
about
what
the
cost
is
are
not
in
doing
that
and
in
many
respects
kind
of,
like
reducing
those
department,
charges
and
saying.
Okay,
we
can
collect
less
on.
A
A
E
Chair
I'm
glad
you
framed
that
that
up
that
way,
I
very
much
agree
with
the
transparency
notion.
You
just
laid
out
Steve,
but
it
strikes
me
that
Neil
is
really
highlighted
a
core
strategic
question
that
it
is
probably
pretty
useful,
because
it's
real
money
and-
and
the
notion
I
have-
is
that
this
amount
of
money,
this
this
internal
services
fund
amount
the
600,
what
let's
just
say,
half
a
million
dollars.
It
is
its
pain
for
a
debt.
You
know
it's
it's
paying
a
mortgage.
E
If
you
will
that's
all
that's
happening
with
that
money
today,
when
that
mortgage
gets
paid
off
on
it.
So
if
we
had
that
leaky
roof
today,
we'd
still
be
paying
the
half
million
dollars
of
the
600
or
whatever
it.
It
feels
to
me
like
it
joins
that
that
philosophical
question
of
sinking
fund
pre-brief
fund
pre
collect
before
you
need
it,
as
opposed
to
borrowing
and
over
time
for
the
length
of
it.
When
when
you
you
see
it
coming,
and
this
does
feel
to
me
just
got
as
a
real
intermediate
term
opportunity.
I
think.
A
If
it
happens,
maybe
we'll
have
to
borrow
for
a
period
of
time
in
order
to
do
it
and
take
a
little
bit
more
risk
that
way
in
a
in
a
prudent
way,
so
I
think
that's
one
of
the
value
judgment
so
we're
gonna
have
that
has
to
eat
and
I.
That
part
of
the
reason
the
staff
I
think
is
bringing
this
forward
is
to
inform
that
conversation
around
you
know
are
we
are
we
gonna,
move
that
needle
and
be
intentional
about
changing
that
a
little
bit
in
order
to
address
the
situation
we're
in
today,
I.
E
Appreciate
that-
and
you
know
I
think
about
in
the
70s
where
we
had
you
know,
double-digit
interest
rates
and
everything
else
and
and
looking
at
this
moment
in
time,
for
example,
the
the
Park
District
on
Thursday,
we
open
some
bids
on
some
bonds
and
remarkably
had
a
rate
of
0.73
trail
and
I'm.
Thinking
with
this
current,
you
know
environment,
you
may
be
the
sinking
fund,
maybe
we
just
hold
off
and
then
and
if
we
do
have
to
borrow
you
know
these
are.
These
are
also
unprecedented
interest
rate
times
in
some
respects,
so
I
mean
I.
H
So
one
of
the
options
the
committee
could
look
at
is
making
a
recommendation
to
issue
debt
for
the
lost
revenues,
so
two
of
the
areas
would
be
emergency
debt
certificates
under
the
state
statute.
It's
also
in
our
section
7.16
of
our
city
charter,
but
for
these
lost
revenues,
the
two
different
types
that
are
here,
one
has
a
two-year
duration
or
less.
We
can
only
issue
for
the
loss
principle,
so,
for
example,
if
we
issued
for
the
five
million
dollars
of
lost
revenues
for
just
a
lodging
piece,
we
could
look
at
that
and
I
thought.
H
I
had
more
on
an
example
yeah,
so
we
would
have
to
look
at
the
different
types
of
those
two
debts.
We
might
have
a
credit
rating
risk
when
we
look
at
issuing
emergency
bombs,
type
of
things
for
revenues
lost
or
bond
attorney
said
when
we
look
at
those
two,
we
might
have
to
do
them
as
taxable
bonds,
because
it's
more
for
operate
activities
versus
a
capital
improvement
with
the
council
be
willing
to
increase
the
tax
levy
for
that
type
of
thing.
H
So
I
did
a
quick
calculation
if
we
issued
a
5
million
dollar
bond
for
three
years:
interest
rate
variation,
of
course,
two
and
a
half
percent
that
would
amount
to
about
a
1.8
million
dollar
tax
levy
that
we
would
need
to
increase
for
this
debt
to
pay
it
back,
and
that
would
be
it
currently
at
us.
If
we
look
at
1%
is
six
and
a
half
six
hundred.
Fifty
thousand
that
increase
in
the
tax
levy
would
be
a
two
point,
eight
just
to
pay
this
bond.
G
Can
I
just
interrupt
just
to
put
a
pin
back
in
that
last
conversation,
though,
one
of
the
questions
that
was
asked
early
on
was
whether
we
can
issue
debt
to
cover
the
gap,
and
the
answer
is
yes,
but
to
Laurie's
point,
there's
a
consequence
right.
So
that's
that
policy
issue
of
what
the
necessary
levy
increase
would
be,
but
that
tool
is
available.
If
the
committee
wants
to
pursue
it.
D
So
just
to
put
this
information
out
again
is
so
with
the
20/20
tach
total
tax
levy.
A
1%
increase
is
around
650,000
and
then
a
2%
tax.
Let
me
increase
almost
1.3
million,
and
then
it
keeps
going
up
by
this.
You
know
six
hundred
forty
six
thousand
dollar
number,
so
three
percent
1.9
and
then
a
four
percent
tax
levy
increase
would
be
almost
2.6
million
dollars
and
then
Mark
Reichel
is
going
to
talk
a
little
bit
more
about
the
City
rate.
Calculation.
Okay,.
F
Thanks
Kerry
and
then
also
just
how
it
flows
into
the
impact
on
a
homeowner.
You
know:
there's
there's
really
three
main
factors
that
are
going
to
impact
the
homeowners
tax.
It's
going
to
be
their
value.
What
did
what
did
their
value
change?
Do
the
levy
which
you
you
will
be
making
recommendations
for
preliminary
and
final
levies
and
and
what
did
the
tax
base
do
and
so
I
just
wanted
to
just
sort
of
walk
through
the
mechanics.
F
So
whatever
levy
recommendation
is
approved
by
City,
Council
is
going
to
be
divided
by
the
net
tax
base
net
tax
capacity
in
the
city
to
calculate
the
City
rate
that
net
tax
capacity.
So
there
there's
it's,
it
floats
a
little
bit.
It's
it's
not
locked
down.
I
mean
that
there's
a
net
tax
capacity.
That's
going
to
be
used
for
truth
in
taxation.
The
proposed
property
tax
statements
then,
as
time
goes
on
around
December
1st.
The
tax
base
becomes
final
so
that
by
the
time
the
final
levy
is
approved
in
the
December
time
frame.
F
You
you
have
that
final
net
tax
base
number
now
it
likely
won't,
won't
move
significantly,
but
it
it
could.
But
just
just
to
kind
of
walk
through
the
math
on
how
this
gets
gets
to
the
impact
on
the
homeowner
so
for
pay
21,
which
would
be
that
the
January
2020
assessment.
After
all,
the
adjustments
are
done
for
legislation
and
and
adjustments,
fiscal
disparities
and
tax
increment
you're
left
with
the
net
tax
base
up
2.3
percent.
F
So
with
that
tax
base
up
2.3
percent,
that
in
effect
derives
the
city
rate
down
2.3
percent,
so
the
math
would
be
if
it's
a
flat
levy.
The
rate
part
of
the
impact
would
be
minus
2.3
percent
based
on
tax
base
increase,
and
then
then
you
have
to
kind
of
couple
that,
with
the
value
change
and
the
next
next
slide,
you've
seen
this
before,
but
for
for
pay,
21
market
values
on
the
median
value
home
didn't
move
that
much
the
previous
year.
We
are
up
more
in
the
10%
range,
but
so
for
for
pay.
F
21,
market
value
and
taxable
value
has
some
other
nuances
because
of
the
the
homestead
exclusion.
But
the
fact
that
the
market
value
didn't
go
up
that
much
there.
The
exclusion
amount
didn't
change
much
either.
So
it's
essentially
a
1%
value
change
for
the
homeowner
and
on
the
next
slide
we
can
see
for
for
these
various
options
that
that
that
are
on
here.
What
what
that
impact
might
be
so
for
pay
2020
the
levy.
F
If
it
was
a
four
percent
levy
increase
the
rate,
the
rate
would
go
up
a
little
bit
because
the
tax
base
only
increased
two
point.
Three,
and
so
you
again,
you
you
you
do
that
math
couple
in
the
one
percent
value
growth-
and
you
know
even
at
that
four
percent
levy
for
2021-
that
the
change
the
medium
Valley
home
would
be
about
three
percent.
H
H
A
F
Can
certainly
can
do
that
I
mean
just
speaking
off
the
top
of
my
head.
You
know
the
rate
itself,
it's
the
City
rate.
It
would
be
the
same,
but
with
the
classification
systems
and
whatnot,
the
tax
capacity
is
a
little
bit
higher,
but
the
value
the
value
change
on
apartments
was
continued
to
be
strong
on
the
20
assessment
and
so
I
think
I
think
the
net
was
about
a
5.6
percent
increase
on
average
the
inflationary
change
on
apartments.
F
The
total
change
was
much
higher
due
to
new
construction,
but
if
you're
just
looking
at
the
inflationary,
so
if
it
it
would
probably
be
something
in
the
neighborhood
of
4
percent
higher
on
on
the
apartment,
you
know,
do
do
to
value
growth
being
higher,
but
I
will
I
can
do
that
for
four
apartments.
Certainly,.
B
Just
going
to
add,
when
you're
looking
at
this
chart,
as
Laurie
said,
you
would
multiply
that
dollar
change
by
12.
You
also
want
to
keep
in
mind
we're
not
the
only
entity
on
the
tax
bill,
so
this
is
what
would
happen
to
somebody's
city
tax
and
then,
depending
on
what
the
Hennepin
County
Board
decides
in
the
bloomington
public
school
board
and
so
on.
B
You
know
probably
reasonable
to
assume
that
those
entities
are
experiencing
budget
challenges
similar
to
or
possibly
even
greater
than,
the
city
of
Bloomington's,
and
they
may
be
looking
to
their
levy
as
well
to
conceivably
solve
a
portion
of
their
challenges.
So
keep
in
mind
that
that's
not
the
total
the
homeowner
might
see
on
their
bill
because
they're,
what
they
see
on
their
bill
is
going
to
be
a
combination
of
all
of
the
jurisdictions
that
have
taxing
power.
For
that
parcel.
F
F
You
know
the
the
the
biggest
one
that
that
sticks
out
is
2017
and
in
the
drop
you,
despite
a
levy
increase
of
five
point,
seven
five,
that
the
net
tax
based
in
the
city
went
up,
15%,
10%
of
that
or
two-thirds
of
that
was
due
to
Mall
of
America
phase,
one
TIF
district
expiring.
So
that's
just
an
example
of
you
know
the
the
legislative
impact
so
there's
a
story
to
each
one
of
these
years,
but
you
can
see
that
generally
it
it's
moved,
moved
up
a
little
bit
over
the
past
three
years.
F
Correct
that
that's
a
good
point
that
Chris
made
that
you
know
with
all
with
the
home
here
we're
talking
about
a
thirty
percent
of
the
tax
bill.
So
you
know
I
would
say
Bloomington
public
schools.
They
basically
share
our
tax
base.
I
mean
they're.
It's
almost
I
think
98
percent
of
Bloomington's
tax
base
is
bloomington
public
schools,
so
they
are
impacted.
F
E
Mr.
chair
just
John
just
to
put
that
into
context.
So
if
I
read
this
right,
they
did
the
property
tax
on
the
average
on
this
median
family
home
over
the
last
three
years.
When
you
look
at
the
county
in
the
city
and
the
school
districts,
roughly
three
hundred
fifty
dollars
in
grease
over
three
years
ago
is
that
is
that
roughly
correct
I.
F
E
It's
probably
worth
looking
at
the
profile
of
of
that
home,
where
it
is
how
long
someone,
what
perhaps,
what
the
price
was
when
somebody
bought
that
home
and
perhaps
you
know,
who's
who's
residing
in
that
median
family
home,
and
maybe
at
that
point
we'll
really
be
able
to
see
the
impact
on
individuals
and
groups
seems
to
me
so
that
that's
why
I
was
locked
in
on
that
okay.
So
it's
a
$350,
basically
annual
annual
is
$350
increase
over
the
last
three
years
for
the
property
tax.
For
that
median.
E
B
H
I
just
have
a
question
about
I,
guess:
delinquency.
So
if
homeowners
are
unable
to
pace
its
most
recent
property
tax
due
date,
I
just
look
at
the
county
when
they
have
a
look
I,
forgive
them
this
period
from
May
to
July
or
whatnot.
Do
we
offer
it
it's
not
bad
in
the
city
or
no,
and
then,
if
we
do
do
we
can
we
control
what
we
find
people,
how
we
charge
the
fine
to
homeowners
that
make
sense.
A
One
other
just
thing
to
just
to
point
out
in
here
that
doesn't
get
accounted
for
in
this,
but
in
people's
kind
of
net
kind
of
basis.
Here
is
there's
also
the
priority
tax
refund
program.
So
there's
a
after
the
city.
Does
this
assessment
there's
a
process
where
people
based
on
their
income
can
go
and
get
a
refund
for
part
or
all
of
the
property
tax?
That's
assessed
on
their
property
depending
on
their
income
level,
and
so
the
impact
of
that
is
really
hard
to
measure
in
this
process,
because
the
we
we
don't
really
there's.
E
A
It's
you
know,
and
but
if
we
go
look
at
average
household
incomes
in
the
city
and
compared
to
the
state's
rules
around
the
property
tax
refund,
you
can
get
a
sense
of
who
would
qualify
if
they
had
kind
of
a
median
income
for
that
refund.
So
that's
one
of
the
things
to
think
about
when
you,
when
you're
kind
of
comparing
the
bill
to
other
bills,
is
that
for
a
lot
of
people
in
this
city,
this
this
amount
is
kind
of
a
gross
amount
that
has
to
have
that
refund.
E
You
know
I,
think
that's
a
great
point
and
you
know
Matt
tutored
us
on
that
a
couple
of
weeks
back
and
it
strikes
me
as
we're
thinking
about
well.
What
would
we
present
to
the
public
to
react
to?
It
might
well
be
worth.
You
know
articulating
what
that
median
home
value
is
in
the
city
and
then
it
would
be
easy
enough
to
figure
out
what
the
average
household
income
is.
Mm-Hmm.
B
C
F
Believe
we
do
have
a
slide
that
gets
to
what
what
your,
what
you're
talking
about
for
the
meeting
value
home
and
it
it
just,
but
it
doesn't
identify
the
the
income
level
that
that
I
think
what
you're
trying
to
identify
it
just
gives
the
the
range
of
incomes
and
what
share
of
the
property
tax
could
be
refunded
based
on
that
income.
But
what
I'm
hearing
is
it
you'd
like
to
see
what
say
a
Bloomington,
typical
homeowner
income
would
be
to
try
to
focus
it
more
yeah.
E
I
mean
I
wouldn't
want
to
go
crazy
with
gymnastics
about
all
this
stuff,
but
just
I
think
bringing
some
reality
into
okay
over
the
last
three
years.
You
know:
what's
the
average
tax
bill
done,
what
is
what
a
couple
of
scenarios
possibly
do
to
an
average
tax
bill
and
against
that
backdrop,
perhaps
what
are
ways
that
burden
if
it's
a
burden
could
get
mitigated
you
like
that
program
and
just
just
simplify
it?
No
I,
wouldn't
you
can
go
crazy
with
these
guys.
F
So
you
see
Bloomington's
eighty
nine,
seventy
three
for
the
property
tax
portion
and
then
we've
also
considered
some
of
the
other
typical
monthly
costs
that
may
or
may
not
be
paid
for
through
through
taxes
and
added
added
things.
For
you
know,
franchise
fees
and
water
softening
and
sewer
so
kind
of
that
all
in
monthly
cost
is
one
hundred
forty
eight
dollars
for
Bloomington.
So
you
know
a
good
value
relative
to
these
other
communities,
and
you
know
I
I
appreciate
the
comment
that
chair
peterson
mentioned.
You
know
just
regarding.
F
I
think
it
was
you
the
kind
of
the
infrastructure
needs
in
in
the
city.
I
mean
we're,
not
we're
not
a
new
city
by
any
means,
you
know
we
we
have
significant
infrastructure
needs
on
an
ongoing
basis,
and
I
think
that's
an
important
thing
to
remember.
If
looking
to
some
of
the
newer
communities,
perhaps
they
they're
not
as
far
down
the
line
as
far
as
needing
the
pipes-
and
you
know-
maybe
the
streets
and
roads
are
newer
bridges.
F
D
After
seeing
this
information
on
options
for
a
preliminary
tax,
let
me
increase
and
thoughts
on
issuing
debt
for
lost
revenues
as
Laurie
went
over
and
just
additional
questions
that
you
have
about
the
property
tax
levy.
So
so
I
thought
what
we
we
had
planned
to
do
is
we
have
again
kind
of
the
same
activity
where
we
have
something
for
lovey
to
pay
off
debt
and
your
thoughts
on
that
homeowner
costs
and
then
the
abatement
district,
and
underneath
that
we
have
you
know
kind
of
levy
now
to
build
up
cash
for
projects
later.
D
A
A
A
A
D
All
right,
thank
you,
everyone,
so
this
first
one
levy
to
pay
off
debt.
Here
we
have
levy
4%.
This
one
says
do
not
consider
what
is
the
same.
Do
not
consider
options
of
using
debt
o
for
a
loss;
revenue
too
much
negative
impacts
prepared
issue
three
year
last
revenue
debt
to
minimize
increase.
Let
me
on
homeowners.
D
D
F
They're
on
the
same
schedule,
so
by
September
30th,
they
are
going
to
need
to
provide
preliminary
levies
and
oftentimes
it'll,
be
published
in
the
newspapers
and
and
we're
able
to
see
what
their
what
their
levy
proposal
is,
and
we
know
what
their
tax
base
is.
So
it's
probably
you
know
by
mid-november
mid-october
at
the
latest.
We
would
be
able
to
give
you
a
ballpark
estimate
that
the
truth
in
taxation
statement
won't
come
out
till
mid
November.
C
A
Won't
know
what
the
other
districts
are
doing.
We've
got
to
make
our
own
decision,
my
man
and
once
and
everybody
lays
their
card
down.
At
the
same
time,
then
we
know
what
card
they
laid
down,
but
then,
when
it
comes
to
the
final
number,
the
same
thing
happens.
Basically
at
that
point,
so
you
really
don't
you
can't?
You
can't
say
well
like
they're
doing
this
and
we're
gonna
do
that
that
that
game
doesn't
end
up
working
kind
of
make
your
own
independent
decision
it
at
each
stage.
D
D
Think
I've
got
everything
on
that
one
and
then
for
the
abatement.
The
Normandale
lake
district
says:
yes,
I
think
that
the
proposal
that
we
have
you're
agreeing
with
that,
let's
do
it.
The
flexibility
is
worth
it.
I
agree
with
the
reduction
in
abatement,
agree
with
the
recommendation
and
agree
to
reduce
the
Normandale
link
abatement
to
300,000.
We
have
consensus,
I
think.
D
A
H
C
C
A
A
We're
gonna
make
a
single
recommendation
that
we
think
this
is
what
the
council,
how
to
select
is
the
preliminary
levy
number
and
that
necessarily
from
a
kind
of
revenue
side
of
things
is
gonna,
be
the
top
choice
that
we're
gonna
have
and
not
top
in
terms
of
preferred,
but
top
in
terms
of
generating
the
most
revenue
having
the
highest
tax
level.
So
the
over
the
next
couple,
meetings,
I
think
we'll
we'll
be
circling
back
getting
more
information
and
having
a
little
bit
more
of
a
conversation
on
that,
but
probably
by
the
middle
of
August.
A
A
C
A
Okay,
so
the
the
next
thing
is
kind
of
a
kind
of
reflection
at
the
end
here
kind
of
process,
wise
I,
think
we're
I,
think
we're
making
good
progress.
I
think
we're
starting
to
see
people
thinking
in
more
concrete
detail
around
this
levy.
Question
and
they've
done
some
really
good
questions
around
that.
That
I
think
we'll
be
able
to
get
answers
to
and
have
a
good
conversation
and
in
time
for
us
to
make
that
decision,
but
I
want
to
get
other
people's
feedback
on
where
we're
at
this
point,
seeing
an
odd
John
go
ahead.
Well,.
C
G
C
A
Or
three
other
options
to
knock
that
Olivia
number
down
yeah.
We
can
absolutely
do
that.
Yeah
and
you
know
I,
as
somebody
who
had
to
you
know.
14
times
had
to
go
and
vote
to
pick
that
levy
number
and
knowing
that
it's
your
picking,
you
know
your
your
your
doing
the
high
card,
not
the
low
card
on
that
an
eel
I,
don't
remember
how
many
times
you
ended
up,
doing
that's
it.