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From YouTube: October 27, 2017 Budget Hearing
Description
October 27, 2017 Budget Hearing: Civil Rights, YCB, MBC, and Capital and Debt Budget
A
We
were
just
contacted
by
the
superintendent
Miller's
office
at
the
park
board
and
she
is
ill
today.
So
we're
going
to
be
able
to
accommodate
her
request
for
a
change
and
then
also
sad
to
report
that
melvin
tenant
who's,
our
CEO
of
meet
minneapolis,
his
father
passed
away
yesterday,
so
he
is
also
going
to
be
unavailable,
so
we've
decided
to
shift
the
park
board
and
then
the
convention
center
target
center
meet
minneapolis
department
hearings
until
the
overtime
period,
which
is
on
and
it's
november
16th.
But
we'll
do
that.
A
That's
that's
precisely
why
we
have
that
overtime,
time,
slotted
and
available
for
these
kind
of
schedule,
changes
and
for
additional
questions
from
Council
members
on
other
departments,
so
that
will
give
us
a
little
opportunity
to
review
those
materials
which
are
available
online
and
the
park
board
budget
has
been
presented
to
the
park
board
at
the
Park
and
Recreation
Board.
So
I
don't
think
that's
going
to
be
any
surprise
information,
but
it
allow
us
all
an
opportunity
to
have
those
materials
available
for
further
review
before
we're.
We
actually
have
the
department
hearings
with
that.
A
It
also
created
a
little
opportunity,
so
we'll
just
be
able
to
move
the
capital
and
debt
budget.
Mr.
Ablett
we'll
be
able
to
move
that
up
and
to
the
end
of
this
morning
session.
So
if
it's
a
convenient
for
everyone
on
the
on
the
on
the
council
and
staff
will
be
able
to
begin
with
civil
rights,
we'll
go
to
youth
Coordinating,
Board
Anissa,
bill,
Building,
Commission
and
then
we'll
go
right
into
cap
budget
and
then,
instead
of
having
a
lunch
break
we'll
conclude
the
day
at
that
point.
So
I
hope
that
doesn't
affect
yours.
A
B
Committee
members,
my
name
is
Velma
Corben
I'm,
the
director,
the
Minneapolis
Department
of
Civil,
Rights
and
I'm
here
this
morning
to
present
the
mayor's
recommended
budget
for
the
department,
and
you
can
find
the
mayor's
recommended
budget
in
the
budget
book
on
pages
f-107
and
f.
114
first
line
up
is
just
a
picture
of
the
organization
inside
the
Civil
Rights
Department.
B
B
I
would
note
that
the
final
line
of
the
218
2018
recommended
budget
properly
4.4
million
dollars,
but
I
would
call
the
attention
of
the
budget
committee
to
the
fact
that
four
hundred
and
fifty
thousand
dollars
of
that
is
capital
monies
to
be
spent
only
for
a
compliance
management
system
in
the
contract.
Compliance
division.
B
$15,000
of
that
is
also
capital
resources
to
be
spent
only
for
complaint
filing
enhancements
in
the
office
of
police
conduct
review
and
then
eight
hundred
and
thirty,
seven
thousand
dollars
of
that
money
is
also
internal
service
charges.
So
that
really
leaves
about
three
point.
Two
million
dollars
of
general
fund
proposed
general
fund
resources
or
program
dollars
in
a
civil
rights
department.
B
We'll
go
through
the
slides
for
the
core
programs
in
the
Civil
Rights
Department.
The
first
is
a
complaint
investigations.
Division
I
won't
read
the
entire
slide,
but
I
will
highlight
that
the
main
program
elements
in
the
complaint
investigations
division.
It
is
a
traditional
civil
rights
entity
where
they
take
any
complaints
that
discrimination
based
on
areas
of
coverage
and
protections
in
the
Minneapolis
Civil
Rights
Ordinance.
B
They
also
handle
some
hate
crimes
work
new
this
year
in
response
to
all
that's
going
on
in
our
world
and
in
our
community
and
I
will
tell
you
that,
since
that
we
opened
up
a
complaint,
hate
crimes,
hotline
and
since
June,
we
received
54
complaints
on
that
line
that
are
actually
actionable
by
an
entity
either
in
the
city
or
one
of
our
partners.
They
were
collaborating
with,
and
so
that
is
telling
for
the
times.
B
We're
living
in
that
division
also
provides
administrative
support
to
the
Commission
on
civil
rights
and
we'll
talk
a
little
bit
more
detail
about
that
division.
As
we
go
through
the
presentation
you
will
see
on
this
slide
on
the
change
change
items
in
the
complaint
investigations,
division
that
are
proposed
for
2018.
There's
a
reduction
proposed
of
ninety
eight
thousand
three
hundred
dollars,
which
is
a
transfer
of
a
position
and
the
accompanying
dollars
to
neighborhood
and
community
relations,
to
create
the
office
of
immigrant
and
Refugee.
B
Affairs
and
I
will
just
say
this
to
the
budget
committee
that
this
department
and
myself
personally
are
very
supportive
of
the
creation
of
this
office
and
really
have
no
real
feeling
about
where
that
office
is
housed.
The
issue,
or
for
me,
is
that
it
will
be
almost
impossible
for
the
department
to
continue
its
current
level
of
service
in
2018
and
and
absolutely
impossible
if
this
is
an
ongoing
reduction
to
to
this
division.
B
I
was
speaking
with
the
division
director
in
that
division
in
the
last
couple
of
days
and
in
addition
to
an
increase
in
work
as
a
result
of
what
is
going
on
in
the
world,
there
is
also
an
increase
in
housing,
complaints
that
are
coming
in
to
this
to
this
department,
14%
of
the
cases
handled
in
2016
through
17
or
housing-related
complaints,
as
opposed
to
about
4%
in
previous
years.
So
this
trend
is
telling
us
something
is
also
telling
us
that
there
is
likely
going
to
be
an
increase
in
this
work
and
I
know.
B
A
C
And
I
know
you're
kind
of
get
into
more
on
this
I'm.
Just
so
I'm
curious.
If
you
have
done
anything
yet
to
try
to
quantify
what
might
be
the
impact
on
the
department
and
the
only
reason
I
just
say
that
as
I
didn't
know,
if
there
was
sort
of
an
analysis
of
kind
of
how
the
work
was
shared
already
and
then
what
would
be
the
impact
on
the
remaining
staff
you
know
for
those
who
well,
let
me
just
say
for
council
members
who
have
been
here
for
the
last
four.
C
B
You
mr.
chair
Thank,
You,
council
vice-president,
we
have
started
to
look
at
that
work,
not
just
because
we
knew
we
were
coming
to
talk
about
the
budget
presentation
today,
but
looking
at
how
we
can
plan
the
work
for
2018
or
beyond
in
general
and
I
can
tell
you
that
we
have
been
very
intentional
about
leveraging
all
the
elements
of
the
Civil
Rights
Ordinance.
B
You
know
in
past
years
we've
really
kind
of
focused
on
the
employment
area
in
this
law,
but
we
realized
that,
in
order
for
us
to
be
an
effective
Department
and
to
live
the
values
without
the
values
that
the
City
Council
set
for
us,
we
need
to
leverage
all
of
the
protections
and
that
Civil
Rights
Ordinance.
It
will
be
impossible
to
do
as
I
say
the
continuing
level
of
service
and
certainly
will
be
impossible
to
look
at
how
we
fully
leverage
that
law
for
all
the
people
in
this
community.
B
With
with
this
reduction,
we've
worked
hard
over
the
last
several
years
to
get
ourselves
in
a
position
so
that
our
folks
are
trained.
Our
processes
are
tight
and
efficient.
The
technology
is
supporting
the
work
and
I
would
just
hate
to
see
us
go
backwards
and
I
know
this
reduction
was
well
intended.
B
I
and
I
have
to
believe
that
there
might
have
been
some
slight
miscommunication
about
how
we
were
going
to
move
forward
with
this,
but
I
have
talked
to
the
director
of
neighborhood
Community
Relations
David
Rubin
Dora,
and
we
we
both
understand
that
this
is
something
that
the
certainly
the
mayor
wants
to
do.
We
know
that
the
there,
our
council
members
on
the
council
that
want
to
do
this
as
well
and
so
we'll
work
together
to
get
it
done.
We
just
have
to
figure
out
the
best
way
as
a
city
to
do
it.
B
These
next
few
slides
are
just
some
illustrations
of
how
data
is
tracked
and
collected
inside
the
complaint
investigations
division.
Unfortunately,
because
we
are
cutting
and
pasting
data
over
from
the
original
presentation
for
the
mayor.
This
data
is
somewhat
old
and
so
work
is
ongoing
and
continuing
in
this
department.
B
There
same
thing
here:
2016
data
that'll
show
you
that
we're
tracking
ATR,
which
is
alternative
dispute
resolution,
is
a
really
good
tool
in
our
complaint
handling
process,
because
it
creates
an
opportunity
for
us
to
deliver
these
win-win
situations
for
employees
who
are
currently
working
or
folks
in
properties
where
they
want
a
good
outcome
with
their
landlord.
This
gives
us
a
really
good
opportunity
to
to
handle
those
kinds
of
complaints
in
the
contract
compliance
division.
B
That
women
and
minorities
have
a
fair
opportunity
to
be
included
in
that
work,
either
as
businesses
or
as
workers,
and
there's
a
data
slide
in
here
about
contract
compliance
that
we'll
get
to
a
little
later,
but
one
of
the
things
that
is
really
telling
as
to
how
much
is
going
on
in
the
city
and
how
important
this
division
is
to
the
city
in
2017,
2nd
quarter.
The
contract
compliance
division
is
monitoring
inclusion
on
about
80
million
dollars
worth
of
city
contracts.
That's
just
at
the
end
of
the
second
quarter.
B
We
made
that
report
to
the
Public
Safety
Committee
a
few
weeks
ago,
but
if
you
compare
the
second
quarter
to
the
whole
year
of
2015,
we've
monitored
83
million
dollars
worth
of
projects.
So
we've
got
four
quarters
worth
of
work
in
2015
of
83
million
to
porters
worth
of
work,
82
mil
or
80
million,
and
that
just
continues
to
grow.
So
every
time
we
celebrate
all
the
building
permits
and
all
the
municipal
contracts
happening
in
the
region
that
has
a
corresponding
effect
on
the
amount
of
work
that
is
being
done
in
the
contract
compliance
division.
B
You
know
I
think
thank
you
to
the
City
Council
for
recognizing
this
over
the
years
and
have
really
resourced
this
division,
but
I
can
see
if
it's
trend
continues
going
forward.
Just
putting
you
know
this
on
folks
radar,
we
will
probably
come
back
and
request
resources
to
be
able
to
continue
to
deliver
the
level
of
service
that
we
are
have
been
delivering
in
contract
compliance,
but
that
work
is
growing
significantly.
This
is
just
a
slide
and
miracle
slide
of
the
budget,
the
number
their
current
funding
on
the
general
fund.
B
That
number
also
includes
837
million
dollars
worth
of
internal
service
charges.
That
is
rent.
That
is
insurance.
That
is
IT,
and
this
is
how
the
finance
department
just
pushes
that
number
through
other
departments,
departments
budget.
So
I
don't
want
that
to
confuse
people
that
we've
got
almost
you
know
two
million
dollars.
B
We
don't
so
moving
on
again
data
for
the
contract,
compliance
division,
this
in
pretty
old
data,
but
there's
read
the
department's
website-
does
include
the
most
recent
information
on
performance
for
all
of
the
divisions
inside
the
Civil
Rights
Department,
again
a
good
picture
of
how
we
collect
and
report
out
on
data,
but
there
is
2017
data
up
and
live
on
our
department
website.
This.
B
A
B
B
There
has
been
quite
a
bit
of
focus
on
this
division
in
the
recent
past
for
good
reason.
They
are
solid.
They
are
supporting
a
police
conduct,
oversight
Commission.
That
is
also
solid,
so
they've
been
doing
a
great
deal
of
work,
not
just
with
the
complaint,
though,
but
also
in
looking
at
police
policy
and
procedure
and
making
recommendations
back
to
the
City
Council.
We'll
talk
here
in
the
next
couple
of
slides
about
a
a
change
item
in
the
office
of
police
conduct
review
that
I
think
is.
B
You
know
there
is
well
reason
and
probably
overdue,
but
we'll
we'll
talk
about
that
a
little
bit.
This
division
is
doing
all
of
the
work
that
you
see
from
it
with
currently
six
people,
and
there
is
a
proposal
to
increase
the
FTEs
in
this
division
by
one
person.
This
is
a
depiction
of
what
the
department
looks
like
now
in
the
resources
inclusive
of
a
ninety-eight
thousand
three
hundred
dollar
FTE
for
really
looking
at
the
work
that
is
coming
about
as
a
result
of
the
body
camera
implementation.
B
If
you
talk
to
the
police
department,
they
talk
about
new
work
and
the
police
department
as
a
result
of
having
a
review
all
of
the
information
and
data
from
the
body,
camera
use
there's
a
corresponding
increase
when
it
comes
to
looking
at
that
camera
footage
in
the
complaint
investigation
side
of
things,
so
the
position
in
office
of
police
conduct
review
for
ninety
six
thousand
eight
hundred
dollars
is
an
increase
of
an
FTE
to
do
that
work.
The
other
thing
that
I
will
point
out
about
the
office
of
police
conduct
review
as
well.
B
All
of
the
intake
work
is
coming
through
the
civilian
investigator,
so,
in
addition
to
increase
in
work
related
to
the
body
cameras,
there
is
also
just
in
how
we
are
procedural,
izing
investigations
between
internal
affairs
and
office,
a
police
conduct
review
and
increase
in
work,
and
so
so
I'm
grateful
that
this
was
recognized,
and
this
additional
position
was
proposed
for
2018
data
on
the
next
couple,
slides
from
the
office
of
police
conduct,
review
I
would
point
out
that
the
office
of
police
conduct
review
now
has
its
data
on
a
tableau
website.
It's
interactive,
it's
dynamic.
B
The
data
that
you
will
see
here
is
a
depiction
of
how
some
of
their
data
is
tracked
and
reported,
but
to
get
a
real
live.
Look
at
what
is
happening
with
police
misconduct.
Complaints
in
the
city
of
Minneapolis
I
would
invite
people
to
go
to
the
the
Civil
Rights
Department's
website
and
click
in
on
the
report
section
on
the
office
of
police
conduct
review
for
the
most
up-to-date,
real-time
information.
B
In
the
civil
rights
equity
division
proposal
for
this
division
is
relatively
flat
this
year,
but
I
will
note
that
the
civil
rights
equity
division
is
not
only
in
Division
responsible
for
the
urban
Scholars
Program,
but
they're
also
our
main
conduit
to
the
city's
overall
equity
and
racial
equity
work,
and
they
have
also
really
been
invaluable
in
assisting
the
civil
rights
department
and
making
sure
that
its
work
is,
is
equitable
and
delivered
delivering
equitable
outcomes.
But
I'll
talk
to
you
about
the
ervice
dollars
program.
B
B
But
what
we
really
like
to
see
from
the
Urban
Scholars
Program
is
the
is
for
the
young
people
who
are
interns
here
in
the
summer
to
get
ongoing
work
in
the
city
and
in
our
other
partners
and
there's
some
data
here.
That
will
talk
about
some
of
that
when
we
get
to
the
data
slides.
But
every
time
I
talk
about
the
urban
scholars
that
make
an
appeal
to
people
and
I
just
bring
these
young
people
in
for
a
summer.
B
But
these
are
folks
that
are
are
looking
for
full-time
jobs
and
there
are
some
in
the
city,
but
they're
also
a
good
way
to
diversify.
Our
workforce
and
I
know
that
the
human
resources
department
may
be
I,
don't
know
if
they've
come
yet,
but
I
know
that
is
a
that's
an
objective
for
them.
But
I
know
this
is
a
program
that
it
can
certainly
help
do
that.
C
So
if
you
want
a
moment,
I
just
wanted
to
kind
of
acknowledge.
Councilmember
Goodman
was
actually
one
who
initiated
staff
direction
to
human
resources,
to
develop
some
mechanism
for
us
to
have
more
formality
around
hoping.
That
is
the
case
right,
and
so
we
haven't
yet
had
the
presentation
back
to
us
on
that,
but
that
was
the
direction
to
human
resources,
with
the
focus
on
urban
scholars,
but
also
looking
at
some
of
the
other
internship
programs
within
the
city.
So.
B
You
very
much
and
thank
you,
council,
member
kamyp
I
did
remember
that.
So
thank
you
for
reminding
me.
Thank
you
very
much.
It's
a
big
deal
in
the
labor
standards
enforcement
division.
This
isn't
a
new
division
as
of
about
midway
through
the
year
last
year,
and
this
is
a
division
created
inside
the
civil
rights
department
to
implement
and
enforce
the
stick
and
save
time
ordinance
that
took
effect
in
July
on
July.
D
B
That
was
just
for
the
second
save
time:
implementation
and
enforcement.
We
have
now
the
minimum
wage
ordinance
which
will
kick
into
high
gear
next
year,
but
there
has
been
a
run-up
work
related
to
getting
ready
to
implement
minimum
wage.
So
the
communications,
the
outreach
and
engagement,
the
development
of
frequently
asked
questions
the
drafting
of
rules.
B
B
The
three
hundred
and
thirty
thousand
dollars
requested
in
a
general
fund
is
inclusive
of
the
two
positions
and
approximately
sixty
thousand
sixty
thousand
dollar
change
item
this
year
for
ongoing
resources
to
either
do
one
or
the
other.
We
could
either
do
engagement
and
outreach
around
this
work
or
we
could
hire
an
FTE
and
then
cobble
together
the
resources
to
pay
a
person
over
and
above
the
sixty
thousand
dollars
worth
of
resources.
B
Again,
let
me
say
I
am
appreciative
that
is
recognized
that
there
needs
to
be
new
resources
directed
towards
implementation
and
enforcement
of
these
labor
laws,
but
if
the
either-or
situation
for
us
will
be
challenging
the
the
advocates
folks
who've
worked
hard
to
bring
these
laws
to
fruition
recognize
the
challenge.
We
recognize
the
challenge
inside
the
Civil
Rights
Department
as
well,
because
as
we
have
been
working
on
the
run
up
towards
the
implementation
of
the
minimum
wage
ordinance,
we
are
taking
complaints
on
sick
and
save
time.
B
So
we've
got
opportunities
at
work
that
we're
doing
complaints
that
we're
looking
at
the
right.
Now,
if
you
remember
it's
kind
of
a
softer
enforcement,
but
that
will
need
to
be
looked
at
differently
in
2018
for
sick
and
save
time.
So
I
am
appreciative
of
the
recognition
that
there
needs
to
be
an
injection
of
resources
into
this
division,
to
make
sure
that
these
laws
are
enforced
properly.
But
I
also
want
to
flag
this
to
the
council.
That
I
think
that
this
route
should
receive
some
additional
discussion
and
I
will
leave
it
at.
C
E
C
E
C
E
C
C
B
Mr.
chair
comes
by
the
president,
we
do
estimate
that
with
base
salary
and
all
the
benefits
and
the
non
other
non
labor
associated
with
position,
that
is
approximately
a
hundred
thousand
dollars,
and
we
this
position
would
be
a
professional
position
that
would
need
to
come
in
with
the
skills
and
talents
to
be
able
to
know
how
to
do
investigations.
In
addition,
with
some
communication
skills
to
be
able
to
help
with
outreach.
So
this
is
not
an
entry-level
position
by
any
means,
and.
B
C
C
Of
figure
out
is
there
a
solution
that
makes
sense,
I'll
just
say
I'm,
you
know
my
part,
you
know
we
we
passed
unanimously,
this
minimum
wage
and
I.
You
know
personally
think
we
have
an
obligation
to
ensure
we're
properly
enforcing
it,
and
it's
not
just
enforcing
it's
also
providing
the
support
and
to
the
business
community.
F
E
Money
coming
from
to
pay
for
that
so
again,
mr.
chair
council,
member
Johnson
I,
the
intent
was
not
to
not
answer
so
I
apologize,
the
and
you
know,
I-
think
that
the
intent
was
to
provide
flexibility
for
the
department
to
be
able
to
make
choices.
If,
if
they're
able,
so
you
know
having
that
room
to
add
the
FTE
if
they
are
able
to
find
the
funding,
does.
F
G
Mr.
chair
council,
member
Johnson
is
a
common
null,
but
do
departments
on
occasion
will
say
to
us
or
at
times
to
the
council,
hey.
We
have
been
outsourcing
this
money
and
we
think
that
we
can
be
more
efficient
as
a
department
by
internally
moving
this
contract
into
a
position,
but
we
don't
have
a
position
available
so
granting
an
FTE
to
offset
other
funding
that
may
exist
within
the
budget
isn't
is
not
uncommon.
G
Sometimes
that
can
be
done
administratively.
Sometimes
that
has
to
come
before
the
council,
and
so
is
this
a
way
that
we,
as
mr.
Nimmo
said,
the
intent
I
think
of
this
was
to
provide
opportunity,
so
there
wouldn't
be
a
delay
in
coming
back
for
an
FTE
approval
through
those
budget
process.
If
another
solution
is
found
and
I
think
because
this
is
a
new
program,
you
know
it's
evolving
and
I
think
we
all
recognize
that
in
terms
of
where
the
researchers
have
come
from
and
where
it
should
go.
F
Appreciate
the
answer
to
that,
it
just
seemed
odd
to
me
at
just
the
way
that
it's
presented,
and
so
it's
helpful
to
have
some
additional
context
on
it
and
I
just
agree
with
my
colleague
that
this
is
something
we
passed
the
policy
and
we
better
put
adequate
funding
behind
it
in
order
to
enforce
it
and
make
sure
we're
doing
the
due
diligence
on
it.
Yeah.
A
And
I
think
that's
a
fair
statement.
I
think
it's
happened
in
at
least
one
other
department
hearing
this
season
already,
where
we
had
a
position
without
funding
and
I.
Think
part
of
it
may
be
that
you
just
want
to
ramp
up
and
create
the
position,
hire
the
position
and
find
out
what
it's
going
to
be
needing
I
think
it
also
is
going
to
impact
out
years,
because
that
will
that
be
included
in
those
years
as
a
continuing
service
level
in
the
19
and
20
budget.
Sure
mr.
G
Chair
the
the
funding
will
be
the
only
funding
that's
available.
You
know.
I
would
also
say
that
I
bring
to
mind
in
this
year's
budget
for
our
department.
We've
proposed
in
our
presentation
to
you
highlighted
the
fact
that
we
wanted
to
start
a
new
recruitment
process,
and
we
asked
for
two
FTEs
and
only
enough
funding
for
one
position
under
the
idea
that
either
we
on
a
bell-curve
funding
or
through
other
vacancies,
we
could
afford
that
in
the
first
year
and
then
decide
whether
that
program
would
continue.
G
A
And
then
the
other
risk
is
always
is
when
we
were
making
these
funding
choices
during
a
budget
process,
we
could
be
tying
up
an
appropriation
that
may
not
be
used
fully.
So
this
is
not
it's
a
good
finance
policies
which
are
suggesting
that
we
may
not
want
to
say
we
we
putting
in
funding
for
a
hundred
and
fifty
thousand
dollars
for
something
that
won't
be
needed
just
by
creating
the
position.
G
G
C
Right
well,
I,
just
kind
of
wanted
to
end
with
I
think
there
is
a
need
for
the
position.
I
mean
we
passed
another
ordinance
that
will
start
to
be
implemented
in
January,
which
is
when
a
first
increase
is
scheduled
to
start
taking
place,
which
means
that
you
know
there's
a
required
companion
piece
around
enforcement,
which
includes
the
education
and
kind
of
all
the
things
that
are
that
are
part
of
that
I
guess
I'll,
just
say:
thanks:
council
member
Andrew
Johnson
for
his
comments.
I
will
hope
to
you
know,
find
some
support
from
my
colleagues.
C
I
think
the
channel
Joy's
is
kind
of.
Where
are
you
taking
the
money?
If
you
think
this
is
important,
and
then
that
but
I
certainly
hope
to
have
the
support
of
my
college
to
find
a
way
to
fund
this
needed
position
and
also
from
the
mayor's
office
to
kind
of
help
solve
what
I
think
is.
You
know
one
of
not
the
only
budget
challenge,
I'm
sure
that's
going
to
come
as
people
think
about
kind
of
what's
funded
in
the
budget
today
and
and
what
we
want
to.
A
Not
seeing
any
thank
you
very
much,
miss
Norma,
and
we
do
need
to
acknowledge
the
tremendous
work
that
you've
done
this
past
year.
We've
it's
a
continuation
of
a
lot
of
work.
That's
been
done
done
this
whole
term,
but
I
really
appreciate
how
civil
rights
is
coordinated,
with
human
resources
department,
with
si
ped
and
with
the
NCR.
A
All
of
these
departments
are
working
together
to
really
advance
many
of
the
all
the
initiatives
that
we're
putting
forward
without
complaint
with
the
need
for
resources,
but
you
guys
are
really
working
as
a
cohesive
team
together
and
I
couldn't
be
more
proud
of
the
accomplishments
of
the
Civil
Rights
Department
and
leading
this
work
not
just
for
the
city
but
for
the
state
region
and
and
how
we're
partnering
with
agencies
across
the
country
to
make
sure
that
we're
doing
what
we
should
be
doing
for
the
city
of
Minneapolis
residents.
So
thank.
A
H
H
Board
is
here
with
us
and
Phil
Rooney
from
the
youth
Coordinating
Board,
who
manages
our
after-school
Network,
is
here
as
well,
and
also
many
of
you
may
know,
Nigel
Prout
from
the
health
department,
who
is
a
regular
contributor
to
work
at
the
coordinating
board
and
then
I
think
you
all
know
Judy
Pickering
everybody
who
is
our
finance
manager.
They
all
work
together
with
us
to
help
make
Minneapolis
the
best
city
in
the
United
States
for
children,
youth
and
their
families
and
they're.
B
H
H
For
children,
youth
and
their
families,
we
have
a
lot
of.
As
you
know,
our
name
is
the
youth
Coordinating
Board,
so
we
work
in
a
coordinated
way
with
many
agencies
and
organizations,
not
all
of
whom
could
be
here
today,
but
I
do
appreciate
my
colleagues
who
were
able
to
come
I'd
also
like
to
recognize
for
something
you
may
not
know,
which
is
these.
Three
young
women
are
from
Hamlin
University
and
they're,
taking
a
local
government
class,
so
they're
here
observing
today,
I
didn't
know.
If
you
knew
that
I
thought
you
might
like
to
hear
that.
H
As
you
know,
the
ycb
works
across
a
broad
spectrum
for
children
and
youth
and
their
families.
We
work
from
prenatal
to
age
20.
You
can
see
that
we
have
four
goals
that
we
work
with.
They
range
from
early
childhood
to
school
to
after
school
and
then
to
making
sure
that
our
children
have
the
skills
necessary
as
they
move
into
adulthood
in
terms
of
social-emotional
learning
and
also
in
terms
of
their
ability
to
work
in
civic
government.
H
Our
draft
budget
is
before
you.
We
have
some
copies
of
it
if
you'd
like
us
to
hand
them
out
we'll
be
happy
to
do
that.
Our
budget
is
very
much
the
same
budget
that
we've
had
for
a
number
of
years.
Now
we
do
have
projects
that
come
in
and
out,
but
our
core
budget
remains
pretty
much
the
same.
It
is
always
our
goal
to
be
relatively
small
and
to
work
with
our
four
jurisdictions
to
be
able
to
accomplish
our
goals
as
much
as
possible.
H
We
use
city
general
funds,
as
you
can
see
here,
for
a
number
of
different
purposes.
We
are
able
to
regram
some
of
the
money
that
you
make
available
to
us,
to
the
Minneapolis
parks,
to
Minneapolis
community
education
and
to
the
Hennepin
County
Libraries
for
use
in
after-school
activities.
These
funds
are
have
always
been
important
and
we've
always
seen
a
good
return
on
our
investment
for
them,
but
we're
right
now
in
a
situation
in
the
state
of
Minnesota,
which
impacts
Minneapolis
severely
of
seeing
a
significant
decrease
in
funding
going
to
after-school
activities
and
programs.
H
Our
research
shows
that
in
2010
in
the
state
of
Minnesota,
36
million
dollars
was
available
for
after-school
activities
and
in
2017
it
had
decreased
to
4
million
dollars,
so
funds
have
become
less
and
less
available.
You
should
know
that
I
have
asked
many
of
us
youth,
Coordinating
Board,
to
help
me
think
about
how
do
we
solve
that
problem?
That's
why
we
were
set
up.
We
were
set
up
to
solve
the
big
problems
about
so,
and
we
are
working
on
a
project
right
now
together
to
find
a
way
to
solve
that
because
it
reduced
funding.
H
Lack
of
funding
is
going
to
result
in
a
is
in
what
lack
of
activities
for
our
children,
which
will
result
in
their
inability
to
find
things
to
do
and
well
it
in
it
will
hurt
their
safety.
It
will
harm
their
ability
to
graduate
from
high
school.
It
will
take
away
programs
and
projects
that
teach
them
about
the
fourth
goal.
You
see
her
about
social-emotional
learning,
so
we're
significantly
concerned
about
this
and
we'll
be
bringing
you
more
information
over
time
about
that.
H
You've
also
really
generously
supported
the
Minneapolis
Youth
Congress,
or
a
group
of
about
50
young
people
from
all
over
the
city
who
come
together
and
work
with
us
on
civic
government
issues
and
I
have
provided
tremendous
input
and
support
to
numerous
departments
in
the
city
and
the
county
and
the
arcs
on
the
schools
about
what
a
youth
perspective
is.
They've
also
done
some
work
with
natural
transit
by
the
way,
which
is
a
little
outside
of
our
group,
but
really
impacts.
H
Our
young
people
I
want
to
invite
you
all
to
their
oath
of
office
on
November,
2nd
I
know
it's
not
great
timing,
but
they're
going
to
be
sworn
in
next
Thursday
in
the
atrium
of
City
Hall
5
o'clock.
Please
join
us.
You'll
get
a
little
invitation
from
me
as
well,
and
then
you've
supported
our
outreach
efforts
for
numerous
years
and
our
staff
support
for
youth
about
the
work
that
we
do.
H
I
wanted
to
spend
a
few
minutes
on
a
program
that
we're
developing
now
that
we've
that
the
mayor
has
asked
for
40,000
dollars
to
be
used
for
this
project
and
I
want
to
talk
a
little
bit
about
this,
because
it's
new
and
it's
in
development
and
I
know
there
are
some
questions
about
this.
This
first
slide
tells
you
really
what
the
Minneapolis
children's
savings
account
program
is
talks
about
the
vision,
the
values
and
the
outcomes
that
we
see.
H
Perhaps
incentivizing
County
involved
youth
with
funding
to
you
know
a
three-year-old
gets
screened.
They
put
some
money
in
the
program
for
that
three-year-old.
These
programs
are
a
very
new
thing
in
the
country,
they're
very
new.
We
are
on
the
upswing
on
this
program
here
in
Minneapolis,
but
so
far
they
are
already
finding
some
excellent
results.
Around
children
savings
accounts.
We
do
recommend
that
we
do
them
in
Minneapolis.
H
H
H
Think
at
this
point,
given
what
I
know
it
would
not
only
have
been
extraordinary,
but
I
think
it
would
have
been
dangerous
because
I
don't
think
we
would
have
been
adequately
able
to
answer
all
the
questions
that
have
come
up
around
children
savings
account
and
there
are
numerous
of
them,
so
in
2018,
what
we
would
do
is
we
would
have
developed
with
by
Jake
June
in
time
for
the
budget
request
by
the
way.
But
we
want
to
put
this
a
bit
on
a
fast
track.
H
We
would
have
developed
a
strategy
for
long-term
program
sustainability,
including
public-private
partnerships.
We
will
have
a
proposal
for
permanent
community
based
home
for
the
children
savings
account
program.
Let
me
say
something
about
that:
the
ycb
is
a
good
place
to
start
things,
but
not
necessarily
the
place
to
keep
them
forever.
So
we
need
to
find
a
good
home
for
this
project
and
then
we
would
be
able
to
present
a
plan
for
citywide
implementation
of
the
program
using
what
we
call
a
franchising
model
which
would
ensure
equity
and
optimal
access
to
families.
H
The
franchising
model
is
kind
of
knew.
We
would
be
really
testing
this
here,
but
we
think
it's
a
way
for
individual
cultural
communities
in
particular
to
have
a
way
to
buy
into
this
program
hook
on
to
this
program
and
feel
comfortable
and
confident
and
also
a
way
for
us
to
help
them.
You
do
the
savings
in
a
way
that
makes
sense
for
who
they
are
as
a
community,
so
we're
looking
at
that
Minneapolis
has
a
children
savings
account
program
at
magazine,
mega
Zia,
nonprofit
organization,
working
primarily
with
Native.
H
Youth
has
had
this
program
for
a
while.
They
are
seeing
great
success
with
it
and
part
of
our
idea
for
franchising
came
from
watching
magazine
because
they
really
work
with
the
Native
community.
They
use
a
native
Bank.
They
develop
relationships
with
families
with
children,
so
I
think
it's
a
really
good
model
for
us
to
pursue
and
to
look
at
into
the
future.
H
All
of
this
happens,
of
course,
where
we
work
collaboratively.
We
are
working
with
everyone
from
the
Federal
Reserve
Bank,
all
the
way
to
a
variety
of
nonprofits
in
our
community
council.
Member
quincy,
in
fact,
was,
has
been
on
a
steering
committee
and
the
Federal
Reserve
Bank
is
there
I
will
say
a
little
note
about
that,
which
is
that
what
they
found
nationally
is
that
when
the
Federal
Reserve
Bank
gets
involved,
it
goes
better,
so
Boston's,
Federal
Reserve
is
very
involved.
H
Chicago's
is
not
Chicago's
in
year,
seven
of
planning.
So
here
we
are
in
Minneapolis.
We
have
a
very
enthusiastic
Federal
Reserve.
We
in
fact
I
hope
to
have
our
Midwest
consortium
of
children's
savings
accounts
programs
meeting
here
in
the
spring
and
will
be
involved
in
the
Federal
Reserve
in
that
meeting.
So
that
is,
that
is
some
of
the
information
about
children's
savings
accounts,
programs
and
I
know
there
are
questions
I'd
be
happy
to
answer
them,
but
I
think
I'll
just
go
through
with
the
slide
show
and
then
we'll
I'll
stop.
Whenever
there's
questions.
H
H
This
is
a
way
for
to
have
adults
trained
youth
workers
come
and
work
with
young
people
downtown
to
engage
them
talk
with
them,
do
activities
with
them,
and
it's
a
program
that
works
well
enough
that
the
Minneapolis
Health
Department
has
now
engaged
us
to
do
a
project
with
them
on
the
north
side
of
Minneapolis
that
is
funded
by
the
CDC.
So
it's
a
program,
that's
working
well,
we
are
now
going
to
have
the
opportunity
to
develop
our
program
into
a
model
and
the
CDC
is
very
excited
to
take
it
other
places.
H
So
Minneapolis
is
really
good.
I.
Think
farewell
with
this
program,
as
well
as
the
children's
savings
accounts.
The
only
kind
special
thing
about
the
outreach
team
I
want
to
say
this
year.
There
are
many
special
things
about
the
outreach
team,
but
one
of
the
special
things
that
happen
this
year
is
that
the
City
through
parking
services
is
allowing
us
to
use
the
bus,
shelter
on
Hennepin
and
third,
as
kind
of
a
home
for
like
a
headquarters,
a
central
place,
downtown
the
kids,
call
it
inner
city
hall.
H
So
we're
going
to
be
there
as
long
as
it's
there
and
as
long
as
we
don't
have
anywhere
else
to
go
downtown
so
and
we're
we're
downtown
in
the
summer.
We're
not.
There
now
feel
free
to
come
in
the
summertime
and
say
hi,
it's
a
lot
of
fun.
We
do
dancing
and
mic
nights
and
exercise
and
arts
and
all
kinds
of
things.
So
it
is
a
good
place
for
our
young
people
to
be
able
to
go
one.
H
One
piece
about
that:
I
do
want
to
say:
I
got
a
call
from
the
assistant
director
of
Minneapolis
athletics,
who
said,
can
I
tell
parents
that
if
something
happens
downtown
like
a
there's,
a
concern
about
violence
or
a
big
rally
that
might
just
rope
a
bunch
of
people
in
and
my
kids
are
transferring
buses,
if
they're
afraid
can
they
come
to
you
and
I
said?
Yes,
we
want
them
to
come
to
us.
So
there
is
it's!
It's
it's!
It's
becoming
we're
hearing
about
reasons
to
do
it
that
we
didn't
intent.
H
Okay,
so
it's
I
think
a
very
good
project.
Finally,
funding
from
you
comes
to
us
for
the
Minneapolis
Youth
Congress
ten
years.
We're
in
our
tenth
year
this
year
we
did
a
big
evaluation
with
rainbow
research
and,
as
a
result,
we're
going
to
even
do
more.
We
even
have
the
Youth
Congress
direct
their
work
more
than
they
having
passed.
So
we're
excited
about
that.
H
We're
excited
to
swear
the
young
people
in
next
week,
they've
engaged
in
a
number
of
programs,
some
of
which
you
can
see
these
are
just
from
mostly
last
year,
and
we
look
forward
to
keeping
that
valuable
resource
in
Minneapolis
going
when
I
go
to
other
conferences
and
they
talk
about
youth
engagement.
No
other
city
has
this
larger
group,
no
other
City,
stipends
them
no
other
City
trains
them
or
feeds
them.
We
have
a
jewel
here
in
the
Youth,
Congress
and
I'm
appreciative
of
city,
because
most
of
the
funding
comes
from
you.
So
that's
my
presentation.
H
A
You
not
seeing
any
direct
questions,
but
I
sure
would
like
to
offer
my
support
of
the
work
that
ycs
been
ycb
has
been
doing,
especially
thinking.
We're
talking
about.
What's
happened
in
the
last
eight
years
in
downtown
and
it
was,
it
was
ycb
who
we
reach
out
to
and
I
was
working
on,
Nicollet
Mall,
livability
or
with
the
downtown
councils,
and
you
know
various
2025
goals.
They
always
involved
some
concerns
about
youth,
and
you
were
always
been
a
willing
partner
to
come
to
those
conversations
and
really
help
solve
problems,
as
you
suggested.
A
That's
really
what
the
ycb
does
is
help
solve
problems,
and
it's
in
coordination
with
what's
happening
at
the
with
the
downtown
ambassadors.
It's
happening
in
the
building's
providing
active
programming
space
having
youth
outreach
workers
engaging
youth
at
their
level
at
their
peer
relationship,
rather
than
within
law
enforcement.
We
see
an
increased
need
of
that.
So
we're
happy
to
have
this
partnership
that
already
we
can
build
on
so
just
wanted
to
offer.
A
D
Well,
I've
actually
served
on
the
youth
Coordinating
Board,
since
I
was
first
elected,
so
I've
been
there
for
a
long
time
and
I've
seen
it
grow
and
sure
and
become
more
effective
and
I
have
to
say
it's
a
it's
a
amazing
opportunity
just
to
have
the
county.
The
schools
in
the
parks
all
together
focused
on
youth
and
helping
decide
what
the
priorities
are
and
I
know
that
the
the
other
jurisdictions
greatly
value
the
support
that
the
city
gives
to
that
and
I'll
just
echo
what
you
say
that
certainly
the
reach
workers
are
very
important
too.
D
We've
done
some
work
in
the
schools
as
well.
That
has
been
helpful
and
I
just
have
to
say
that
I
think
the
growth
and
the
assistance
of
the
youth
Congress
has
been
phenomenal,
I
I'm
glad
to
see
that
it's
gonna
get
even
more
serious
and
more
involvement.
I'm
going
into
the
future.
I
know
that
it's
actually
had
a
great
impact
on
effecting
some
of
the
policy
changes
at
the
city
so
appreciate
all
good
work.
A
H
H
The
cabinet
really
worked
on
what
is
going
to
be
the
compact
going
forward,
and
so
we've
been,
we
we
have
finished
it.
It
is
I
can
be
happy,
I'd
be
happy
to
send
it
to
you.
In
the
meantime,
this
is
a
little
new
piece
of
information.
We
are
also
going
to
be
updating
our
youth
master
plan,
which
really
the
compact
will
feed
into,
and
so
it
was
a
good
opportunity
to
update
what
the
city
is
doing
so
lots
of
the
things
the
city
do.
H
Does
you
know
the
youth
violence
prevention
work
that
the
city
does
and
a
commitment
on
the
part
of
the
city
to
make
sure
that
we
have
internships
for
young
people
and
step
up
and
a
number
of
the
programs?
That
already
happens?
It's
a
very
strong
statement
and
it's
comprehensive
and
I
think
it's
also
often
things
that
you
may
not
think
about
making
sure
children
have
a
safe
place
to
live,
making
sure
we
have
opportunities
for
their
parents
to
have
employment
things
that
the
city
impacts
is
involved
with.
So.
D
A
C
C
I
Welcome
thank
you
good
morning.
Good
morning
my
name
is
Aaron
Delaney
and
I
am
the
director
of
the
Municipal
Building
Commission.
Thank
you
for
the
opportunity
this
morning
to
talk
with
you
about
our
2018
operating
budget,
as
approved
by
the
MDC
board,
and
I
will
be
talking
briefly
about
the
capital
projects
that
the
MBC
will
be
conducting
in
the
building
this
year
next
year.
As
we
all
know,
the
this
beautiful
building
is
jointly
owned
by
Hennepin
County
in
the
city
of
Minneapolis
and
as
created
by
state
statute.
The
MDC
manages
this
building.
I
The
MDC
board
is
comprised
of
four
members.
Obviously
the
two
city
members
mayor
Hodges
and
council
president
Johnson,
along
with
chair
Callison
and
commissioner
McLaughlin.
Before
of
those
make
up
the
MDC
board,
an
interesting
fact,
there's
approximately
350,000
square
feet
of
usable
space
in
the
facility
and
the
city
occupies
about
200,000
square
feet
of
that,
and
that
is
approximately
60%
of
the
building
I,
just
like
to
remind
the
committee
that
we
do
offer
and
sponsor
monthly
tours
of
the
building.
So
we
encourage
you
to
share
that
news
with
your
constituents
and
members
of
the
public.
I
We
also
like
to
we
also
are
very
much
available
to
provide
tours
anytime
upon
request.
We
really
like
to
take
any
opportunity
we
can
to
showcase
the
building
and
in
showcasing
the
building.
We
have
been
working
on
the
City,
Hall,
courthouse,
catering
and
events
program,
hopefully,
by
now
you've
seen
some
of
the
events
that
have
gone
on,
possibly
on
the
weekends
or
into
the
evening.
We've
had
49
outside
events
for
this
year
and
have
accumulated
about
$65,000
in
revenue.
This
revenue
goes
directly
to
a
historic
preservation
fund
that
is
in
turn
used
to
fund
projects.
I
In
this
building,
for
example,
the
HP
fund
will
be
covering
the
entire
cost
of
our
current
project.
Of
reinforcing
the
Bell
supports
up
on
the
13th
floor
of
the
building.
You
may
not
see
the
bells
frequently,
but
I
hope
you
hear
the
bells
and
the
support
system
is
in
need
of
a
lot
of
reinforcement
to
the
tune
of
125,000
dollars.
So
this
is
a
good
opportunity
to
showcase
that
this
is
what
the
historic
preservation
fund
is
paying
for
for
this
project,
we've
also
released
a
catering
RFP
and
are
reviewing
responses.
I
Staff
would
like
to
take
this
time
to
review
different
proposals
from
different
caterers
to
see
if
there's
ways
that
we
can
improve
the
program
and
essentially
increase
the
income
that
is
earned
through
this
events
program.
So
then
I
will.
This
is
our
organizational
chart.
There's
59
employees,
administration,
all
of
your
custodial
and
utility
workers
are
MBC
workers.
All
of
the
building
trades
employees
that
you
see
in
the
building
are
MBC
workers
and
the
security
staff
that
you
see
at
the
4th
Street
entrance.
Those
are
all
MBC
employees,
as
we
move
into
the
2018
budget
overview.
I
You'll
see
that
there
is
an
increase
in
the
requests
we
have.
We
are
transitioning,
the
administration
is
transitioning
into
our
own
payroll
service
and
our
own
benefits
program
so
increases
to
those
are
included
in
this
budget.
In
addition,
you'll
note
under
repairs
and
improvements,
there's
a
one-time
amount
of
$300,000
that
is
associated
with
the
owner-occupied
space
in
the
basement
in
the
sub-basement
there's
extensive
mechanical
and
life
safety
work
occurring
in
those
areas
and
because
the
MBC
is
the
occupants
are
all
owner
occupants
improvements.
I
A
Mr.
Lane
I'm,
curious
and
I
don't
know
if
you
could
able
to
give
that
information,
but
of
the
utility
budgets,
like
the
cost
of
electricity
itself.
How
is
that
assessed
between
the
county
and
the
city
and
how
are
the
savings
realized
with
the
investments
that
have
been
made
in
the
capital
projects,
about
converting
to
LED
lighting,
etc?.
F
I
Chair
Quincy,
yes,
our
utilities
are
being
paid
out
of
the
operating
budget,
so
the
city
would
would
pay
60%
of
those.
And
yes,
we
have
seen
a
significant
decline
in
both
in
the
usage
and
the
consumption
rates
have
steadily
declined
through
the
improvements
that
we're
doing
with
the
mechanical
and
the
life
safety
projects.
In
fact,
I
at
one
point
had
a
chart
that
depict
that
steady
decline
and
I'm
happy
to
show
you
that
again,
in
addition
to
the
decline
in
consumption,
obviously
that
is
a
decline
in
the
cost.
I
For
us,
however,
we
also
have
taken
advantage
of
more
rebate
programs
and
your
example
is
right
on
with
the
changing
in
the
electrical
we've
aprox
proximately,
two
to
three
thousand
dollars
in
rebates
that
we've
been
able
to
apply
and
secure
for
for
2017.
So
we'll
continue
down
that
road
with
both
efficiencies
and
rebate
options.
Yeah.
A
I
just
wanted
to
highlight
the
fact,
obviously,
that
it's
a
shared
cost
between
the
county
and
we're
gonna
be
paying
60%
of
it
because,
based
on
the
square
footage
of
the
building,
but
the
realization
of
saving
is
in
the
out-years
as
we're
continuing
to
drop
operational
costs
and
you've
also
noted
that
it
excludes
the
detention
center.
How
is
the
energy
split?
There's
that
part
of
the
operating
expense
that
split
6040
or
is
that
on
a
separate
meter,
chair.
I
A
I
So,
just
a
brief
time
to
talk
about
the
different
departments
within
the
Vista
within
the
MDC
administration,
obviously
is
in
room
105
in
City
Hall
and
our
main
focus.
This
last
quarter
has
been
our
transition
into
an
independent
payroll
vendor
and
I'm
pleased
to
say
that
today
is
our
second
paycheck
with
the
new
vendor
and
it's
been
another
success.
I
The
first
paycheck
worked
and
now
the
second
one
has,
and
we
are
in
the
process
of
transitioning
to
an
independent
benefits
package,
effective
1,
1
of
2018,
our
custodial
inner
security
staff
are
truly
the
heart
of
our
agency.
A
one
thing
I'd
like
to
point
out
that,
since
our
custodial
staff
in
2015
implemented
a
more
aggressive
recycling
campaign,
we
have
increased
our
diversion
rate
from
27%
to
67%.
I
In
addition,
with
our
security
staff,
we
are
now
going
to
be
moving
forward
with
less
contract
security
and
more
internal
MDC
security
staff,
as
well
and
in
our
repairs
and
improvements.
Again.
This
is
primarily
our
Building
Trades
staff
or
painters,
plumbers,
carpenters.
They
have.
They
have
done
tremendous
amount
of
work
specifically
in
the
basement
in
that
sub-basement
areas
with
the
mechanical
life,
safety
work
and
our
or
just
we
just
really
have
a
great
staff.
Today.
I
I
want
to
point
that
out
that
our
building
trades
and
our
custodial
and
our
security
staff,
we
have
very
long-term
retention
in
our
staff.
They
love
the
building
and
they
do
work
very
hard
to
take
care
of
it
again.
The
Adult,
Detention
Center
and
all
costs
associated
with
the
ADC
are
paid
by
Hennepin
County
exclusively.
I
The
work
for
others.
Category
is
work,
that's
outside
the
regular
matin
maintenance
that
the
MDC
provides
and,
in
this
category,
individual
Department
spaced
separately.
For
this
work
and
just
like
to
highlight
some
of
our
capital
projects
that
the
MDC
will
be
managing
ongoing
and
moving
forward.
The
capital
budget
is
split,
50-50
with
Hennepin
County.
The
first
two
projects
are
the
mechanical
and
the
Life
Safety
I'd
refer
to
this
a
couple
times.
This
is
what
we're
working
on
in
the
basement
in
the
sub-basement
area.
I
I
I,
don't
know
if
you've
had
the
opportunity
to
see
the
number
of
antennas
that
are
no
longer
in
use,
but
they're
all
over
the
the
top
of
our
building,
and
in
fact
one
of
them
is
even
attached
to
the
flagpole,
so
we're
eager
to
get
those
antennas
removed
from
the
building
and
then,
of
course,
elevator
modernization
project
number
four.
We
will
be
focusing
on
the
four
rotunda
elevators
and
the
two
elevators
at
the
5th
Street
entrance
as
well.
I
A
A
B
H
H
C
J
A
Welcome
mr.
Eiland
I
just
do
want
to
point
out.
I
realized,
we've
thrown
a
lot
at
you.
Changing
the
schedule
and
I
know
you
had
a
long
presentation
ready,
but
if
you
could
anything
you
could
do
to
abbreviate.
It
would
be
helpful
at
least
covering
highlights
before
you
get
into
some
details,
because
council
members
do
have
some
additional
items
on
their
calendar.
So
please
begin
well.
J
Good
morning
everybody
I'm
Michael,
Abel
and
I'm,
the
director
of
investments,
capital
and
debt
management
for
the
city,
and
we
are
going
to
go
through
the
capital
budget
and
the
debt
service
budget
and
I
will
try
and
go
as
quickly
through
it
as
I
can
before
we
get
started.
You're
gonna
hear
the
term
net
debt
bonds
and
bond
redemption
levy,
that
is,
the
primary
property
tax,
supported
tax
levy
that
pays
for
the
bonds
that
are
a
funding
source
in
a
lot
of
what
we're
going
to
talk
about
today.
J
So
what
is
in
the
five-year
capital
plan
is
nine
hundred
and
thirty
five
point:
six
million
dollars.
You
can
see
it's
primarily
public
works
with
about
eighty.
Eight
percent
of
the
budget
in
the
five-year
plan
park
board
has
sixty
three
million.
This
includes
everything
in
the
20-year
neighborhood
parks
plan.
Now
all
the
funding
that
was
part
of
that
agreement
is
included
about
ten
million
dollars
for
MBC,
which
includes
both
the
city
and
county
share.
Those
and
then
public
grounds
and
facilities
is
the
other
larger
area
and
there's
a
slide
later.
J
That'll
show
the
building
projects
that
are
part
of
that.
So,
in
terms
of
revenue
sources
for
the
five-year
plan
about
twenty,
seven
percent
of
the
five-year
plan
is
net
that
bonds.
So
this
is
one
of
the
categories
that
has
gone
up
as
a
result
of
the
20-year
parks
and
streets
plan.
We
used
to
be
programming
about
a
hundred
fifty
five
million
dollars
of
this
revenue
source.
We
are
now
at
about
two
hundred
and
fifty-one
million,
so
that
is
one
of
the
key
components
of
the
20-year
plan.
J
It's
always
been
part
of
the
five-year
plan
for
a
lot
of
different
things,
but
now
it's
grown
with
the
20
year
commitment.
The
other
big
sources
in
there
are
enterprise
bonds
in
enterprise
revenues.
So
of
the
nine
hundred
and
thirty
five
million
I
believe
about
330
million
of
that
is
related
to
enterprise
fund
capital,
So,
Solid,
stormwater,
sanitary,
sewers
and
water
are
the
big
components.
There
is
a
parking
funded
project
in
there
this
time,
and
there
is
also
some
solid
waste
funding
in
the
five-year
plan.
J
J
And
for
the
five
year
are
for
the
2018
plan,
we've
got
net
debt
bonds
of
about
23
percent
of
our
budget
for
the
calendar
2018
enterprise
revenue
is
14,
Enterprise
Bonds
about
22
percent
and
assessments-
you
can
see,
is
13
percent.
A
big
factor
that
grows
as
part
of
the
streets
infrastructure
plan
is
as
we're
doing
a
lot
of
these
roadways
in
the
residential
streets.
There's
a
portion
that's
assessed,
so
the
assessment
funding
has
also
helped
to
bolster
the
total
funding
required
for
the
paving
projects
that
are
being
expanded.
J
In
terms
of
net
debt
bonds
for
calendar
2018,
we've
got
just
a
little
under
48
million
dollars
of
net
debt
bond
funding.
I
can
again
see
the
10.5
for
the
park
board.
That
was
the
8
million.
That
is
the
expanded
and
sort
of
the
two
and
a
half
million
that
had
been
sort
of
the
previous
base
for
park
board
projects
and
a
little
over
30
million
for
Public
Works,
so
they're
the
big
pieces.
J
We
have
some
smaller
pieces
for
the
Building
Commission
and
some
public
buildings
and
throughout
this
presentation,
whenever
you
see
miss
miscellaneous
projects,
the
only
project-
that's
in
that
category
anymore,
is
arts
and
public
places
and
you'll
see
later
on
that
that's
a
percent
and
a
half
of
a
net
dead
bond
budget.
So
that
number
has
been
made
sort
of
formulaic
as
a
result
of
the
ordinance
and
it's
being
honored.
In
what
I'm
presenting
today
in
terms
of
non
property
tax
supported
in
2018,
some
of
the
bigger
pieces
are
the
water
fund.
J
Questions
I'll
move
on,
so
this
is
the
20-year
streets,
infrastructure,
neighborhood
parks
plan.
Sometimes
it's
called
neighborhood
parks
and
Street
infrastructure
on
different
documents.
It's
described
that
way,
but
basically
it
adds
about
thirty
million
dollars
a
year
to
total
funding
that
had
been
in
place
previous
to
this
plan
being
enacted.
So
you
can
see
the
park
board
amounts
are
eight
million
dollars
a
year
and
then
out
in
2022.
That
is
the
first
sort
of
year
where
inflation
starts
to
kick
in
on
their
contribution.
J
So
that's
a
two
percent
growth
in
there
on
that
that
bond
programming
out
in
2022
and
then
the
street
infrastructure
program
is
the
Public
Works
piece
and
you
can
see
there.
Their
allocations
are
also
growing
over
time
in
this
program,
so
about
152
million
dollars
has
been
added
to
what
had
previously
been
the
base
for
streets
and
neighborhood
parks.
Okay,.
A
A
Then,
what's
the
role
of
clique
in
determining
the
amounts
that
are
going
into
those
or
they
just
focused
on
which
projects
which,
when
we
start
with
the
clique
process
each
year,
do
we
say
here's
the
target
dollars?
You
have
to
work
with,
or
do
we
give
them
a
list
and
that's
what
they
come
up
with
and
that
drives
the
dollars
which
is.
J
A
mr.
chair,
it's
a
little
of
both
this.
This
piece
that
is
about
the
neighborhood
parks
plan,
is
a
portion
of
the
bigger
capital
budget.
Click
starts
with
all
the
proposals
from
all
of
the
departments
and
it's
a
full
range
of
things
that
departments
want
to
do
in
the
five-year
plan.
If
they
had
all
the
money
in
the
world,
that's
what
what
they
have
requested
essentially
and
what
they
can
physically
accomplish.
J
J
J
In
terms
of
a
funding
for
the
streets,
a
neighborhood
parks
plan,
you
can
see
that
net.
That
bonds
is
the
largest
component
at
this
point-
we're
programming
all
the
net
that
bonds
to
fill
the
park
contingent,
and
then
you
can
see
the
rest
of
that
is
the
street
projects
and
they
are
receiving
a
growing
share
of
net
that
bonds
over
time.
They
also
have
a
stormwater
revenue
piece.
J
That's
helping
to
do
storm
sewer
work,
that's
part
of
paving
projects
as
well
as
general
fund
dollars
and
some
during
the
first
five
years
of
this
plan,
especially
there
are
some
cash
balances
that
have
been
incorporated
to
jumpstart
this
20-year
program,
and
you
can
see
that
they
tend
to
wane
after
2020
other
than
the
general
fund.
So
the
general
fund
amount
is
going
to
go
up
and
that's
capacity,
that's
being
made
available
through
the
certification
of
a
consolidated,
TIF
district.
J
At
this
point,
I'm
gonna
go
through
just
what's
in
five-year
plan
in
the
mayor's
recommendation
and
then
both
an
18
and
what's
in
the
five-year
plan,
so
you
can
see.
Nbc
has
some
life
safety
projects,
some
mechanical
projects
in
the
five-year
plan,
as
well
as
exterior
building
improvements.
These
are
all
improvements
here
at
City,
Hall
and
then
some
elevator
projects,
so
about
five
million
in
2018
and
ten
million
over
the
five-year
plan,
and
these
are
matched
5050
basically
with
the
county
park
board.
J
Has
several
programs
that
they've
submitted,
highlighted
in
green,
for
you
is
where
basically,
the
dollars
from
the
neighborhood
parks
expanded
plan?
Go
they
go
into
capital,
infrastructure
and
rehabilitation,
which
is
major
rehabilitation
within
neighborhood
parks,
so
about
twelve
million
dollars
in
1863
in
the
five-year
plan?
Okay,
Public
Works
I'm
not
going
to
try
and
explain
all
the
projects
that
are
in
the
public
works
plan,
but
what
I
do
do
is
try
and
grab
the
ten
largest
categories
of
projects
that
show
about
314
million
of
their
823
million.
J
That's
in
the
five-year
plan
so
again
that
a
twenty
three
is
a
twenty
three
of
the
nine
thirty
five.
In
total,
so
again
they
have
the
lion's
share
of
the
projects
and
their
big
projects
tend
to
be
in
the
enterprise
fund
areas.
You
can
see
water,
water
distribution
improvements
is
the
big
one.
There's
a
big
Fridley
filter
plant
rehabilitation
going
on
it's
in
it's
like
second
or
third
year,
and
it's
gonna
go
on
for
a
couple
more
years
in
total
that
projects
in
the
sixty
million
plus
range.
J
So
you
can
see
that
big
dollars
are
still
going
through
for
that
project
and
then
sanitary
tunnel
and
storm
rehab
and
then
down
below
storm
drains
internal
rehab.
So
the
the
tunnel
projects
are
very
expensive
from
the
enterprise
one,
so
those
projects
tend
to
make
it
in
the
top
ten
for
public
works
and
then
the
other
one
is
asphalt,
pavement
resurfacing.
So
that's
where
we're
seeing
a
large
amount
of
dollars
within
a
program.
J
Now
there
are
lots
of
individual
Street
projects
that
I'm
not
covering
here
that
are,
some
of
which
are
very
large,
that
are
part
of
the
20-year
plan.
But
this
just
shows
one
program.
This
is
the
one
that
repairs,
neighborhood
streets
and
assessments
are
associated
with
that.
So
that's
sort
of
one
of
the
big
paving
programs,
but
it's
by
no
means
I'm
meant
to
show
everything.
That's
going
to
the
paving
mr.
A
Edlund
at
the
risk
of
lengthening
I
just
had
a
quick
question,
it's
more
for
the
audience,
so
they
understand
what
an
Enterprise
Fund
is
Enterprise.
Fund
is
the
sources
that
we
collect
and
from
revenue
for
charging
people
for
like
water
and
solid
waste
and
recycling,
and
what
mr.
Abel
in
saying
is
when
we
issue
bonds,
how
do
we
pay
for
that
debt
service,
and
so
it's
not
on
property
tax
dollars
that
would
pay
for
that
debt
service.
A
J
The
other
big
project
you
can
see
Nicolette
Avenue
over
Minnehaha
Creek-
that
is
a
very
big
bridge
project,
so
sometimes
a
project
will
get
in
that's
a
large
bridge
into
the
top
ten
and
then
concrete
streets
rehabilitation
would
be
another
program
that
is
part
of
the
20-year
plan.
This
program
is
ramping
up
to
do
some
major
repairs
to
concrete
streets
within
the
city
and
there's
assessment
component
associated
with
those
as
well:
okay,
public
grounds
and
facilities.
J
This
category
is
related
to
building
projects
here
in
the
city
that
various
business
functions,
use
like
Public,
Works
and
police,
and
fire
and
reg
services
etc.
So,
in
the
program
for
2018
there's
about
ten
and
a
half
million,
and
about
35
million
the
five-year
plan
for
a
variety
of
facilities,
a
couple
of
the
big
ones
are
we
have
a
couple
fire
stations
that
are
in
in
the
planning
and
construction
phases
soon
fire
station
one
is
one
of
the
big
ones
and
then
also
fire
station
11.
J
That's
about
all
I
have
on
the
capital
side.
If
there's
no
questions,
I'll
go
on
to
the
debt
side,
so
debt,
one
of
the
components
of
debt,
is
the
bond
Redemption
levy.
This
is
what
how
we
pay
for
the
net
debt
bond
component,
so
I
had
mentioned
that
we
have
about
two
hundred
and
fifty
million
dollars
or
two
hundred
fifty
1
million
dollars
of
net
debt
bonds
in
the
five-year
plan.
So
you
can
see
that
levies
are
going
up
from
38
to
39
they're
they're
rising.
J
Now,
that's
in
response
to
the
fact
that
we
are
in
fact,
programming
more
dollars
for
departments
to
spend
so
right
now
the
programming
is
coming
in
actually
higher
than
the
bond
redemption
levy,
and
that
is
because
we
spread
the
cost
of
debt
service
over
time.
So,
as
these
revenues
ramp
up,
they
will
get
to
and
surpass
how
much
we
put
into
new
spending
and
that's
when
we'll
catch
up
and
start
to
actually
reduce
the
debt
over
time.
Right
now,
we're
into
a
period
of
time
where
we're
actually
going
to
be
growing.
J
The
total
amount
of
property
tax
debts
outstanding,
as
we
ramped
up
this
program
and
then
the
levies
will
catch
up
over
time
and
then
overcome
that
the
plan
is
to
pay
off
all
of
the
debt
associated
with
the
20-year
plan
before
we
get
to
the
end
of
the
20
years.
So
you
can
see
that
this
ramp
of
on
Redemption
levy
will
continue
and
eventually
it
will
pay
off
some
of
that
debt.
J
As
property
tax
supported
debt,
this
is
a
historical
view
about
ten
years
of
the
debt
that
makes
up
property
tax
supported.
So
the
net
debt
bonds
are
certainly
incorporated
in
here.
Also
incorporated
in
here
is
the
live
library
referendum,
so
back
in
2008
was
the
final
year
of
issuing
debt
for
the
buck,
a
library
program,
so
we're
in
pay
down
mode
on
that,
and
you
can
see
what
that's
having
an
impact
on
in
terms
of
dollars
of
outstanding
debt
per
person
in
the
city
of
Minneapolis
in
16
and
17.
J
You
can
see
we're
starting
to
level
off
on
that,
but
we
may
actually
see
that
go
up
slightly
in
the
future
as
we're
ramping
up
this
program,
it
won't
be
like
appreciable.
It
won't
go
back
up
to
like
what
you
see
in
2008
or
9,
but
it's
may
start
to
slightly
ramp
without
standing
debt
for
a
period
of
time
before
it
becomes
fully
funded
again
in
terms
of
2017
bond
sales,
we
sold
two
series
of
bonds
in
May
of
this
year.
J
One
of
them
was
a
combination
of
refunding
of
17
million
for
the
Nicollet
Mall,
a
variable
rate
debt.
So
for
the
Nicollet
Mall
and
for
the
Target
Center
renovation
projects,
we
should
variable
rate
debt
to
basically
cash
flow
construction
of
these
major
projects,
as
it
turns
out,
interest
rates
were
exceedingly
low
and
they
continue
to
be
pretty
low
for
variable
rate
debt.
So
it
was
a
cost-effective
way
to
finance
the
cash
flow
needs,
but
rates
are
starting
to
write
rise
a
little
bit.
J
So
in
May
we
fixed
17
million
of
the
25
million
dollar
Nicollet
Mall
loan.
Actually
we
fixed
everything
that
we
had
drawn
at
that
point
in
time
and
we
also
fixed
everything
that
we
had
drawn
on
the
Target
Center.
So
those
projects
are
continuing
they're
just
about
at
their
conclusions,
and
we
will
continue
to
determine
whether
or
not
to
put
that
in
variable
rate
or
to
do
a
fixed
rate
debt
for
the
balance
of
that
you
haven't
determined
that
quite
yet
we're
also
in
the
process
of
selling
sixty
million
dollars
of
bonds
in
November.
J
These
bonds
will
be
for
this
capital
program
that
I'm
talking
about
21
million
of
that
is
for
the
enterprise
fund
capital
and
about
39
million
for
net
debt
bond
projects
so
that
that
sale
is
coming
up.
In
November,
we've
met
with
the
rating
agencies,
we're
waiting
for
the
release
of
their
ratings,
and
we
hope
and
pray
that
they'll
continue
to
be
triple-a
and
we
we
do
believe
they
will.
J
J
We
have
a
hundred
and
fifteen
hundred
thirteen
million
of
that
type
of
debts
were
way
below
our
debt
capacity,
but
debt
capacity
is
a
little
bit
of
a
tricky
term,
because
really
you
know
willingness
to
tax
and
paid
that
service
on
that
is
maybe
a
little
bit
different
from
your
perspectives
than
just
our
capacity
to
issue
debts.
So
we
have
historically
here,
have
been
way
below
our
our
debt
capacity,
but
sometimes
people
want
to
say
well
how
much
debt
could
we
issue?
J
This
is
what
we
could
issue
as
tax
support,
a
debt
based
on
the
property
values
of
taxable
property
in
the
city.
Our
outstanding
debt
has
been
going
down
over
time.
We
are
in
pay
off
mode
on
a
lot
of
major
projects
such
as
the
convention
center
tax
increment
financing
debt
has
is
in
sort
of
pay
down
mode,
and
even
our
enterprise
funds
have
come
down
from
where
they
were
back
in
2004,
so
the
general
obligation
portion
of
this
is
the
most
relevant
to
us.
J
That's
the
debt
that
we
are
as
a
city
responsible
to
pay,
and
you
can
see
the
64
65
and
66.
There
that's
640
million
six
hundred
fifty
million
six
hundred.
Seventy
million
outstanding,
like
I,
said
that
that
amount
may
actually
rise
slightly
with
the
capital
programs
that
we
are
undertaking,
and
we
also
include
our
enterprise
debt
in
the
general
obligation
category.
Some
municipalities
would
issue
revenue
bonds.
J
In
this
case
we
issue
revenue
bonds,
but
we
put
the
Geo
pledge
on
them
and
that
keeps
our
interest
rate
actually
lower
than
than
otherwise
so
that
that
is
included
in
this
slide
and
the
non
general
obligation
bonds
are
related
to
our
common
bond
fund
programs
and
some
tax
increment
revenue
bonds
that
are
outstanding
currently
in
terms
of
peak
debt.
The
note
actually
says
that
in
2004
we
had
a
billion
two,
ninety
nine
of
yet
that
included
one
hundred
eighteen
million
dollars
of
pension
bonds.
J
This
pension
bonds
are
totally
defeated
as
of
2012,
so
we
have
no
pension
debt,
so
this
comparison
just
shows
without
the
pension
debt
we
had
one
point:
one:
eight
billion
compared
to
today's
six
hundred,
sixty
seven
million.
So
during
that
time
frame
we've
paid
off
about
five
hundred
thirteen
million
of
debt.
J
So
that's
a
very
good
positive
for
the
city,
because
by
paying
that
off,
that
gives
us
the
capacity
to
now
continue
to
make
improvements
to
our
city's
infrastructure
and
have
a
more
robust,
ongoing
capital
program.
So
you
can
tell
where
the
debt
is
here.
You
can
see
the
big
categories,
our
enterprise
funds.
Again,
that's
where
there's
heavy
investment.
That's
where
we
have
debt
outstanding
tends
to
be
a
little
bit
longer
term
than
our
net
debt
bonds,
because
those
assets
are
very
long
term
and
so
Convention
Center.
J
You
can
see
the
convention
centers
debt
back
in
2004
was
244
million
at
the
end
of
this
year,
it'll
be
at
73
million,
and
that
is
totally
paid
off
in
the
next
three
years.
So
18,
19
and
20
will
be
paying
that
full
73
million
off.
So
that's
helping
to
keep
that
total
general
obligation,
debt
number
down
and
then
Target
Center
is
new
this
year.
That's
the
renovation
project
that
is
funded
with
sales
tax
dollars,
so
that
will
there
is
still
expenditures
being
incurred.
E
J
Here,
but
that's
the
picture
in
terms
of
the
debt
service
on
that
debt:
this
is
the
budget
for
2018,
so
the
city
will
be
paying
off
one
hundred
twenty-eight
point
five
million
dollars
of
bonds
in
calendar
2018
and
about
20
million
dollars
of
interest,
so
a
total
budget
of
a
little
bit
under
149
million.
If
you
look
at
that
number,
you
say
well
we're
paying
off
128
million.
We
only
have
667.
Aren't
we
gonna
really
drop?
Well,
yes,
and
no.
J
This
debt
will
drop
off,
but
we're
always
adding
debt
back
on,
so
the
numbers
do
fluctuate.
They
on
average
been
going
down
for
us
in
the
last
six
to
eight
years,
but
we're
now
going
into
a
period
of
fairly
significant
capital
expenditure
and
robust
development,
so
these
numbers
may
actually
grow
and
this
debt
service
budget
will
go
down,
though
in
sense
that
Convention
Center
will
go
away
so
that
at
25
26
million
dollars
of
debt
service
they're,
starting
in
2021-
that
number
won't
either
so
you'll
see.
J
D
I,
don't
want
to
start
some
big
discussion,
especially
between
John,
because
we
have
a
difference
on
this
topic,
but
I'm,
trying
to
figure
out
if
this
is
where
we're
gonna
see
the
US
Bank
Stadium
dad
appear
in
a
couple
years.
We
and
because
the
Convention
Center
debt
is
gone
and
then
a
Target
Center
also
refers
to
our
sales
tax
portion.
So
we'll
see
this
coming
on,
we'll
see
that
coming
online
in
your
reports,
starting
in
twenty
twenty-one
or
twenty-two
mr.
J
Chair
councilmember
Gordon,
we
will
see
the
Convention
Center
drop-off,
but
we
won't
see
the
debt
associated
with
the
US
Bank
Plaza.
Coming
on
to
this,
because
there
was
our
state
bonds
and
the
commitment
for
our
city
to
help
assist
with
that
debt
service
is
going
to
come
as
a
reduction
in
our
sales
tax
revenues
that
the
sales
that
the
state
sends
us.
So
we
won't
see
that
debt
on
our
books
and
we
won't
have
debt
service
associated
with
that
debt.
That's
going
to
flow
through
our
budgetary
processes.
J
J
D
That's
gonna,
be
even
trickier
for
us
to
even
have
an
accounting
of
and
for
the
public
to
be
aware
of.
It
sounds
like
I
think
it
would
be
more
honest
with
ourselves
if
we
treated
it
as
a
debt
that
we're
giving
to
the
city
out
of
our
sales
taxes
similar
to
the
Target
Center,
so
I,
hope
and
I
believe
we've
set
up
a
system
where
we're
gonna
get
regular
reports
on
this,
but
it
I'm
glad
that
did
have
that
clarified.
For
myself.
Mr.
J
G
Chair
mr.
chair
councilmember
Gordon,
just
one
clarification:
you
men,
you
asked
about
the
targets
renovation
that
so
that
money
is
in
the
2018
budget
that
is
not
waiting
until
2021
right
so
that
just
to
clarify
there's
a
distinction
between
those
two.
You
know
and
just
a
highlights
in
terms
of
Mike's
comments
about
the
US
Bank
Stadium
obligations.
G
You
know
in
terms
of
looking
at
our
financial
statements,
it'll
be
likely
a
footnote
in
our
financial
statements
that
won't
actually
be
showing
revenues
coming
in
and
coming
out,
because
the
state
and
that's
gated
by
state
legislation,
that's
not
dictated
by
any
financial
policy
of
the
city.
The
state
in
the
enabling
legislation
just
said
we're
going
to
keep
the
money.
It's
not
going
to
go
to
you
to
see,
and
so
we
really
can't
have
that
flow
through
books.
G
G
J
And
just
for
the
Target
Center
sales
tax
portion
of
the
debt,
the
5.7
here
is
the
5.7
million.
Is
the
debt
service
on
that
project
and
that
debt
will
be
on
the
city's
books
and
will
see
all
activity
associated
with
the
renovation
project?
Okay,
any
other
questions
on
this
I'm,
getting
very
close
to
the
end
in
terms
of
the
debt
service
budget.
This
is
the
percentages
of
debt
that
are
paid
by
the
various
functions
of
the
city.
J
So
again
you
can
see
the
enterprise
funds
have
a
big
commitment
to
debt
service
for
the
city's
total,
their
20%
net.
That
bonds
are
26%
and
the
convention
centers,
the
other
big
piece,
was
17%.
Now,
of
course,
that's
gonna
go
away
in
a
couple
years,
but
the
net
that
bond
portion
will
remain
high
because
we
have
a
methodology
here
that
keeps
that
debt
relatively
short,
so
we're
issuing
it
and
taking
it
off
the
books
and
through
that
bond
redemption.
Let
me
that
I
talked
about
earlier.
J
Okay,
there
you
can
see
the
Target
Center
sales
tax,
funded
portion
of
the
debt
service
for
2018
internal
service
funds
is
going.
That's
actually
should
say:
0.7%
I
believe
that
debt
is
going
to
be
diffused
in
2018
and
that
will
be
the
end
of
our
internal
service
fund
ette.
So
we
had
we
had
deficits
in
the
internal
service
fund
that
were
balance
sheet
related
and
debt
related.
Now
the
debt
related
piece
is
going
to
go
away
in
2018,
so
our
internal
service
funds
are
really
in
pretty
good
shape.
J
You
can
see
the
rates
there
are
about
1.2
percent
on
our
tax-exempt
debt
and
1.45
on
our
variable
rate
on
our
taxable
debt
for
the
Target
Center
last
year.
When
I
did
this
presentation,
those
rates
were
significantly
lower.
The
Fed
has
been
raising
the
short-term
rates,
and
that
is
what
impacts
the
rates
on
these
variable
rate
notes
and
that's
about
all
I
have
unless
there
are
other
questions
or.
A
Not
seeing
any
thank
you
so
much
for
a
blend.
Obviously,
it
demonstrates
the
great
financial
footing
that
the
city
of
Minneapolis
enjoys
allowing
us
to
make
investments
in
critical
areas
across
the
city
for
the
ongoing
operations
and
renovations
that
are
needed
in
so
many
of
our
projects,
which
we
wouldn't
have
that
opportunity,
especially
to
borrow
it
the
interest
rates
without
the
management
of
our
programs
to
ensure
the
lowest
rates
possible
by
having
a
triple-a
rating.
So
thank
you
so
much
for
all
the
work
you
do
appreciate.
A
That
concludes
the
budget
hearing
for
debt
and
capital
overview
for
the
five-year
outlook,
and
that
concludes
our
morning's
presentations.
For
today.
The
remaining
budget
topics
for
the
hearings
will
be
at
the
park
board
as
well
as
meet
Minneapolis
Convention
Center
and
those
will
be
held
over
for
the
overflow
time
on
November
16th.
So
we'll
look
forward
to
those
presentations
as
we
wrap
up
that
program.
Thank
you.
So
much.