►
From YouTube: May 24, 2023 Board of Estimate and Taxation
Description
Additional information at:
https://lims.minneapolismn.gov
Submit written comments about agenda items to: councilcomment@minneapolismn.gov or https://www.minneapolismn.gov/government/meetings/public-comment/online-comment
A
Good
afternoon
and
welcome
to
the
regular
meeting
of
the
board
of
estimate
and
Taxation
for
May
24
2023
I
am
Samantha
priest
Denson
the
president
of
the
board
of
estimate
taxation,
I
use
she
her
pronouns.
At
this
time,
I
will
ask
the
clerk
to
call
the
roll,
so
we
may
verify
the
presence
of
a
quorum.
A
The
record
reflect
that
we
have
a
quorum
and
we
will
now
proceed
to
our
agenda,
a
copy
of
which
was
posted
for
public
access
to
the
city's
legislative
information
management
system,
also
known
as
lims,
and
you
can
find
that
available
at
limbs.
Dot,
Minneapolis,
mn.gov
colleagues
board
members.
The
agenda
for
today's
meeting
is
before
us
may
I.
Please
have
a
motion
to
adopt
the
agenda.
A
Is
there
a
second?
We
have
a
proper
motion
before
us.
Is
there
any
discussion,
any
discussions
seeing
none
all
those
in
favor
say:
aye
aye,
any
opposed,
say,
nay,
the
eyes
have
it
and
the
agenda
is
adopted.
Next,
we
move
to
the
acceptance
of
minutes
from
the
May
10
2023
meeting
May
I.
Please
have
a
motion
to
accept
the
minutes.
A
Thank
you.
We
have
a
proper
motion
before
us.
Is
there
any
discussion,
any
discussion
seeing
none
all
those
in
favor
say
aye
aye,
those
opposed,
say,
nay,
the
eyes
have
it
and
the
minutes
are
accepted
as
presented.
We
do
not
have
any
public
comment
for
today,
so
we
will
move
on
from
that.
Moving
on
to
item
five
on
our
agenda,
which
is
receiving
the
annual
presentation
of
the
20-year
neighborhood
park
plan
from
the
Minneapolis
Park
and
Recreation
board,
welcome
director,
Bangor
and
Michael,
is
it
Schrader
or
Schroeder
shorter
Schroeder?
Thank
you.
D
Thank
you,
chair,
prie,
Stinson
and
members
of
the
vet.
It's
great
here.
It's
really
a
pleasure
to
be
here
today.
I
always
look
forward
to
presenting
our
mpp20
annual
report.
We
are
doing
some
really
exciting
and
really
amazing
things
in
the
park
system.
D
One
of
the
numbers
I
want
to
share
with
you,
since
2017
60
million
dollars
has
been
invested
in
our
Park
system,
and
you
start
to
kind
of
see
that,
as
you
go
around
the
park
system
through
all
the
different
efforts
that
we're
doing
around
our
infrastructure
and
all
of
the
rehabilitation
work
that
we're
doing
so,
it
is
really
for
me
to
see
that
and
for
Community
to
respond
to
that
is
really
exciting.
D
What
I'm
going
to
do
today
is
I'm
going
to
transfer
to
assistant
superintendent
Schroeder,
but
we'll
do
today
is
we'll
go
through
the
20-year
neighborhood
park
plan
and
we'll
talk
first
of
all
about
the
executive
summary
which
we'll
share
with
you
we'll
talk
about
the
history.
In
the
background
that
we
will
share
with
you
we'll
talk
about
the
mpp20
rehabilitation
efforts
that
we
have
going
on
within
our
system
and
also
the
mpp20
capital
Investments,
that
we
will
also
present
to
you
and
then
for
reference.
D
I
know
we
did
hand
out
the
report,
but
the
reference
information
on
page
18
and
19.
The
report
is
really
great
information
for
you
to
dive
deeper
into
information
or
for
the
community
to
look
at
all
the
different
reference
lists
so
that
they
can
dive
deeper
into
the
mpp20
and
get
more
information.
So
with
that,
it
is
my
pleasure
to
introduce
the
assistant
superintendent
of
planning,
Michael
Schroeder,
who
will
go
to
the
report.
Thank
you
for
your
time.
E
Thank
you,
superintendent,
Bank,
Gorham,
Jeffrey,
Simpson
and
members.
Thank
you
for
having
us
here.
I've
been
told,
I
have
10
minutes,
I'm
going
to
move
through
this
fairly
quickly
and
allow
you
to
have
questions
I
know.
Some
of
you
have
been
through
this
a
few
times
before
so
the
report
and
and
that
we've
sent
to
you
has
been
abbreviated.
But
the
content
is
the
same.
The
presentation
that
we
make
is
very
similar,
we've
simply
updated
the
years,
but
I'll
go
through
and
try
and
explain
a
bit
about
what
this
is.
E
The
the
this
is
the
result
of
of
what
we
refer
to
at
the
Rockport
as
a
historic
moment
between
the
city
and
the
park
board
that
established
the
neighborhood
park
plan
for
the
of
20-year
period,
and
with
that
we
passed
a
concurrent
ordinance
or
an
ordinance
that
forced
us
to
look
at
rehabilitating
parks
in
neighborhoods
on
an
equity
basis,
which
was
one
of
the
first
times.
E
I
think
it
was
the
first
time
it
was
done
anywhere
in
the
country,
and
we
have
been
honing
that,
as
we
have
learned
more
every
year
and
so
we're
very
proud
of
the
work.
We've
been
doing
to
help
overcome
the
disparities
we
know
have
existed
in
the
park
system
for
a
long
time.
We
know
we
have
further
to
go,
but
we
have
a
few
years
left
in
this
program.
We
hope
to
be
able
to
continue
moving
on
that.
E
This
is
tax
levy
to
support
operations
and
maintenance
and
repairs.
As
a
part
of
this,
it
started
with
the
three
billion
dollars
in
2017
and
that
amount
of
money
goes
up
every
year
and
that's
shown
in
the
left
portion
of
the
screen
on
the
right
portion
is
what
we
call
the
guaranteed
minimum
amount.
That's
divided
between
capital
and
Rehabilitation
projects.
That
amount
was
set
at
10.5
million
dollars
when
the
program
was
initiated
with
a
review
every
five
years,
and
that
amount
is
now
at
11.5
million
dollars.
E
E
We
look
at
mpb
20
to
improve
efficiency
in
a
number
of
ways.
The
first
and
most
important
is
the
increased
maintenance
allows
us
to
prolong
the
life
cycle
of
assets
that
we
have
in
our
system,
and
it
helps
help
significantly
in
reduction
of
the
backlog
of
repairs
that
we've
had
some
of
these
improvements
that
we're
making
through
mpp20
will
end
up
saving
US
dollars
in
terms
of
how
we
maintain
things,
how
we
consume
energy
and
those
are
important
to
align
with
the
goals,
particularly
of
the
current
Board
of
Commissioners.
E
E
We
budget
our
improvements
through
our
Capital
Improvement
program,
I
noted
already
the
equity
ordinance
that
had
been
significant,
both
in
our
neighborhood
park,
neighbor
Parks,
but
also
in
our
regional
parks.
What
was
important
when
we
took
this
project
on,
we
had
projects
in
the
capital
system
from
going
back
to
before
2016.
In
fact,
going
back
to
2011
projects
that
we
hadn't
completed,
those
projects
were
honored,
so
the
neighborhoods
wouldn't
be
put
back
in
their
sequence.
As
of
2022.
E
All
of
the
projects
are
in
the
npp-20
program,
we're
looking
at
all
of
the
parks
in
the
system,
167
neighborhood
parks
benefiting
from
this
program.
By
the
time
we
finished
it
in
2026,
in
fact,
at
the
pace
that
we're
going
we'll
probably
finish,
sometime
in
2034
or
35,
and
be
able
to
begin
addressing,
the
high
Equity
need
Parks
again
for
a
second
time.
During
the
course
of
the
program,
I'll
speak
a
little
bit
about
the
rehabilitation
program.
First
then,
move
on
to
the
capital
program.
E
Rehabilitation
there's
a
lot
of
words
in
this
page,
but
it
was
simply
the
means
that
we
use
to
make
certain
that
parks
that
wouldn't
be
getting
allocations.
Early
in
the
cycle
would
have
their
Assets
perpetuated
in
some
form
use
some
usable
form
until
we
reached
a
capital
program,
so
swings
and
other
parts
of
playgrounds
would
be
replaced
so
that
we
could
have
them
those
that
playground
serviceable
until
we
got
to
the
point
where
we
could
do
a
wholesale
replacement
and
upgrade
of
the
of
a
playground.
E
We
also
would
address
critical
failures
to
this
program,
even
as
we're
going
through
this
program.
We
noted
that
there
were
cracked
beams
and
roofs
at
one
of
our
recreation
centers.
So
the
the
rehabilitation
program
takes
care
of
immediate
precedent,
repairs
and
it
helps
us
get
to
the
point
where
we
have
a
functional
system
across
a
process.
The
system,
while
we're
waiting
to
do
Capital
repairs
in
some
of
those
parks
that
won't
come
up
in
their
Equity
sequence
for
a
number
of
years.
E
We
do
assessments
of
this
every
year,
we're
getting
way
better
at
doing
the
assessments,
the
annual
assessments
much
more
much
more
detail
on
how
we
do
those
assessments
and
we
re-rank
and
prioritize
the
rehabilitation
program
every
year.
E
These
are
the
rehabilitation
categories
on
the
left
side
of
the
screen.
We
have
nine
of
them.
We
actually
have
one
that
we
don't
show
here,
which
is
the
rehabilitation
of
synthetic
turf
fields.
So
this
is
from
2021
and
you'll
note,
as
we
go
across
here,
there's
a
there's,
a
particular
thing,
a
column
that
says
amount
not
drawn
down,
so
those
are
projects
that
we
haven't
started.
E
Yet
it
takes
us
a
couple
of
years
to
get
through
a
project,
so
the
amount
not
drawn
down
is
in
operations
facilities,
and
that
is
the
the
rehabilitation
of
our
service
centers,
where
our
staff
works
out
of,
and
it's
because
we're
trying
to
aggregate
those
funds.
So
we
can
make
a
major
Improvement
in
one
or
more
of
our
facilities.
You'll
see
that
of
the
dollars
we
allocated
other
than
that
that
we've
spent
them
in
2021
and
largely
the
same
in
2022.
With
a
couple
of
exceptions.
E
When
we
look
at
things
like
accessibility
improvements,
we
end
up
having
some
significant
costs
around
rehabilitating
recreation.
Centers.
It's
been
the
largest
Rehabilitation
category.
We
have
every
year
the
first
five
years
we've
had
eight
hundred
thousand
dollars.
I
think
we
continue
to
allocate
800
thousand
dollars
because
of
the
the
pressing
need
to
upgrade
our
facilities
for
Ada,
and
so
those
projects
can
range
in
cost
from
three
or
four
hundred
five
hundred
thousand
dollars.
E
So
some
of
those
cases
we
add
them
on
to
a
subsequent
year,
so
we
can
actually
accomplish
a
project
and
that's
what's
going
on
with
accessibility
improvements
here
2023.
So
this
was
this:
this
chart
was
created
at
the
beginning
towards
the
beginning
of
the
first
quarter
of
this
year,
so
we
hadn't
really
started
very
much
into
the
programs
if
we
were
to
redo
this
in
June
or
July,
you'd,
probably
see
that
we
are
significantly
through
many
of
these
Rehabilitation
projects.
E
Full
Investments
are
the
ones
that
we
use
the
equity
metrics
to
score,
and
so
we're
working
our
way
through
from
the
highest
need
parks
to
the
lowest
need
parks,
and
we
do
that
every
year
we
we
redo
that
nobody
loses
their
place
in
line,
but
we
redo
it
so
that
we're
not
missing
a
park
that
that
would
have
been
important
as
as
conditions
change
across
the
the
the
city.
E
So
these
are
the
2021
Capital
Improvements
Capital
Improvements,
take
us
longer
to
do.
We
spend
a
significant
portion
of
a
year
doing
engagement
and
preliminary
design
that
takes
up
basically
the
first
year.
A
good
portion
of
the
second
year
is
putting
together
final
design
and
documents
and
hopefully
getting
a
project
started
in
construction
and
finishing
out
the
third
year.
So
when
we
look
at
Capital,
it's
basically
a
three-year
sequence
for
us.
E
So
when
you
look
at
2021
projects,
the
the
amount
completed
or
the
amount
allocated
is
by
the
time
we
get
to
the
end
of
this
year.
We
will
have
expended
those
funds
largely
and
have
a
zero
balance
at
the
at
in
the
the
allocations
for
2021,
and
you
see
those
numbers
change
significantly
as
we
move
forward
in
2022
and
even
as
we
move
into
2023
you'll
see,
there's
a
number
of
parks
there,
where
you
basically
haven't
invested
anything
and
yet
because
we
are
just
starting
the
engagement
process.
E
The
other
thing
that
was
a
Nuance
between
2020
and
2021
is
that
we
couldn't,
and
our
Capital
program
do
the
kind
of
Engagement
that
we
would
normally
do
during
the
covid-19
pandemic.
So
we
switched
and
we
did
more
rehabilitation
in
that
year.
So
we
could
keep
making
progress
on
Parks
and
we
set
the
set
aside
some
progress
that
we
would
have
otherwise
made
on
capital
projects
simply
because
we
couldn't
engage
people
to
the
degree
that
we
would
agree
we
would
have
wanted
to.
E
We
also
note
that
there's
capital
projects
that
were
funded
prior
to
2021,
which
some
of
them
are
just
now
being
completed,
we
like
other
municipal
or
other
agencies,
are
running
into
issues
with
Rising
construction
costs
and
bids
that
are
out
of
lines
with
our
budgets.
We
have
spent
a
lot
of
time
trying
to
direct
more
dollars
into
our
budgets
and
be
a
little
more
careful
about
the
things
that
we
put
into
projects
so
that
we
can
get
these
projects
actually
moving
and
completed.
E
President
Bangor
noted
and
I
think
it's
one
of
the
things
that
we're
most
proud
of.
As
we
look
at
what
we've
done.
E
I
think
that
the
numbers
around
62
or
66
million
dollars
we've
been
able
to
invest
in
neighborhood
parks
since
we
started
this
program
in
2017
was
the
first
year
of
the
program,
and
it's
made
a
significant
change
in
the
way
people
feel
about
their
parks
and
we're
very
excited
to
continue
moving
through
the
rest
of
the
program
and
I'll,
stop
and
answer
questions
and
allow
super
General
mcgorry
to
answer
questions
as
well.
A
C
Equity-Based
component
of
your
neighborhood
parks
plan
was
particularly
impressive
and
innovative,
but
it
seems
to
me
that
it's
to
some
extent
it's
being
offset
by
the
park
dedication
program
development
tends
to
happen
in
gentrifying
or
wealthy
areas
and
and
that
pumps
more
money
into
those
areas
and
familiar
with
a
couple
of
them
and
I
think
my
neighborhood
is
due
for
an
improvement.
C
E
Chairperson
and
member
Brandt,
that
is
an
amazingly
difficult
question
and
you're
you're
spot
on,
because
the
wealthy
neighborhoods
there
are
some
neighborhoods
who
have
had
millions
of
dollars
accrued
in
their
park,
land
dedication
kind
of
accounts,
where
there
are
others
that
have
barely
any
dollars
and
there
seems
to
be
a
striking
correlation
between
those
neighborhoods
where
development
is
happening
or
where
development
isn't
happening
and
where
the,
where
the
needs
are
probably
greatest
in
terms
of
parks
and
particularly
making
up
for
some
of
the
disparities
that
we've
recognized.
E
We've
recognized
that
as
an
issue,
I
can't
tell
you
that
we
have
a
solution
for
it,
but
we
we
know
it's
an
issue.
We
have
tried
to
use
aspects
of
the
ordinance
we're
allowed
to
invest
in
trail
connections,
the
cross
over
neighborhood
boundaries,
and
we've
done
that
in
one
case.
So
far,
we're
still
limited
by
the
half
mile
Nexus
from
a
project.
E
So
we're
trying
to
be
more
careful
about
identifying
projects,
development
projects
that
are
close
to
borders
so
that
we
can
try
to
make
some
other
improvements
recognizing
that
people
cross
neighborhood
boundaries
to
use
parks
that
are
next
door.
So
we're
trying
to
be
more
aware
of
that.
We
recognize
it's
it's
a
conundrum
for
us
to
be
honest,.
C
F
C
Results
from
that
kind
of
an
aspect
so
that
we
have
both
a
individual
Park,
but
also
a
city-wide
perspective
on
what
percentage
of
identified
need
has
been
met.
So
do
we
have
a
sense
of
the
aggregate
impact
of
this
program
the
and
on
the
operation
side,
for
example,
I
remember:
one
of
your
goals
was
to
go
from
14
days
to
10
days
for
a
mowing
cycle
be
nice
to
know.
If
that
has
been
met,
those
sorts
of
things,
those
sorts
of
output
measurements
would
be
great
to
have
in
the
future.
E
Jeffrey
Cincinnati
member
rent,
we
can
bring
that
information
to
somebody
back
to
you.
We
know
already
that
we
were
able
to
accomplish
more
frequent
mowing
and
I
thought
may
have
tailed
off
a
bit
during
covid,
but
we
did
hit
rather
quickly
the
10-day
mowings,
frequency
and
I
think
it
had
to
do
with
cleaning
of
recreation
centers
more
frequently
or
more
deeply
pruning
of
trees.
There
were
several
kind
of
standards
that
we
we
have
met.
The
the
question
you
ask
around.
E
Have
we
met
the
other
things
and
I
can
remember
our
summer
of
Engagement,
where
we
were
meeting
with
neighbors.
Basically
four
nights
a
week
trying
to
understand
the
needs
that
they
have
in
their
neighborhoods
relative
to
what
we
call
closing
the
Gap
at
the
time,
and
it
was
a
really
amazing
process
to
get
to
know.
People
in
their
neighborhood
need
neighbor,
Park
names.
E
We
haven't
done
any
reassessment
other
than
to
continue
to
assess
the
equity,
seeing
if
the
equity
scores
have
changed,
but
a
member
Brant
I'm
intrigued
by
your
question
and
I'll,
bring
that
back
to
the
planning
staff
and
see
if
there's
something
that
we
can
do
to
begin
tracking,
that
we
know
that
we're
a
small
part
of
what
changes
might
be
beneficial
for
a
city.
But
we
would
that's
actually
something
we
would
like
to
know
if
we're
making
those
kind
of
changes
by
what
we're
doing
through
this
program.
E
Member
of
chairperson
and
remember,
rent
that
we
every
year
when
we
go
through
this,
we
look
at
the
the
the
the
the
requirements
that
are
in
the
ordinance
and
we
we
begin
to
understand
them
a
little
more
deeply
and
and
as
as
I
noted,
and
you
followed
up,
this
hadn't
been
done
before,
so
we
were
learning
off
of
our
own
knowledge.
Basically,
so
so
we
begin
to
understand
the
equity
metrics
a
little
bit
better
and
a
little
bit
differently.
Every
year
we
go
through
this
I.
E
Couldn't
right
now
tell
you
how
they,
how
they
have
changed,
but
I
can
try
to
put
some
information
together
and
get
back
to
you.
Okay,.
G
Thank
you,
chair
priest
and
I
just
want
to
comment
since
I'm
the
park
board,
commissioner,
that
this
this
program,
I
think
is
very
well
supported
by
the
current
Board
of
Commissioners.
I
would
say-
and
you
know
we
certainly
can't
take
responsibility
for
the
creation
of
it-
was
in
place
when
we
got
here
but
I'll
say
as
a
commissioner,
it's
nice
for
me,
because
I
think
it's
also
very
transparent.
So
we
have
some
good
tools
that
we
can
share
with
the
public,
and
people
seem
to
really
understand
that.
G
There's
a
cue
there's,
a
queue
of
projects
out
there
and
that
projects
are
are
waiting,
their
turn
to
be
funded
and
in
a
lot
of
cases
they
can
look
at
our
our
power
bi
tool
and
see
where
their
park
might
be
in
the
queue
and
so
I
think
you
know
to
me.
G
This
is
just
the
way
that
there
are
a
lot
of
different
public
assets
that
could
be
managed
in
this
way
and
I
think
this
is
just
a
really
really
successful
in
every
regard,
and
the
other
thing
is
one
of
the
things
that
changes
in
the
equity
metrics
as
I
understand.
It
is
the
demographic
data
is
refreshed
annually
and
we
have
a
city
that
is
changing
and
population
centers
might
be
growing
in
some
areas.
G
That
might
then
have
a
deficiency,
a
disparity,
a
gap
of
some
sort,
so
that
allows
the
the
planning
staff
to
tweak.
You
know
things
within
the
list
so
anyway,
I
can't
I
can't
speak
highly
enough
of
this.
It
helps
me
be
a
good
commissioner,
because
I
have
a
way
to
respond
to
questions
from
the
citizens
about.
When
is
this
going
to
happen
here?
So
I
just
wanted
to
say
that.
H
Thank
you,
madam
chair.
Just
briefly,
I've
vaguely
remembered
the
negotiations
and
the
conversation
that
happened
back
maybe
eight
plus
years
ago.
Regarding
the
allocation
of
the
park.
Dedication
fees
was
there
a
legal
Nexus
that
was
required.
E
To
represents
and
and
mayor
member
Frye,
there
is
a
legal
Nexus,
so
the
the
Nexus
is
basically
that
the
dollar,
let
me
there's
probably
a
couple
and
and
others
might
be
able
to
correct
me
if
I,
if
I,
leave
something
out
because
I
know
member
brand
has
filed
this
closely.
For
years,
the
the
dollars
have
to
be
spent
within
the
neighborhood
of
the
development
projects
and
if
there,
if
there
are
no
opportunities
to
do
that,
they
have
to
be
spent
within
one
half
mile
of
the
project.
E
Member,
probably
I
think
the
the
key
was
that
that
was
the
Nexus
as
close
as
we
could
interpret
from
state
or
from
the
the
state
statutes
and
I'll.
Mention.
Also
that
the
the
other
thing
that
that
we're
very
cautious
of
is
that
the
Parkland
dedication
ordinance
we
we
we
try
to
translate
it
into
really
simplistic
language.
We
say
it
has
to
be
a
new
park
asset
to
serve
new
park
users,
so
we
can't
replace
a
playground
with
it.
We
can
add
on
to
a
playground
to
accommodate
new
users,
but
we
can't
replace
the
playground.
A
A
Thank
you
all
for
your
deeply
intentional
Community
Driven
processes,
there's
clear,
precise
focus
on
equity
and
the
environment
and
climate
and
our
communities
and
I
would
like
to
name
that
that
is
part
of
safety,
because
people
feel
seen
when
the
process
starts
with
them
and
when
you
feel
seen
you
feel
valued
and
it
it
changes
the
safety
Dynamic.
So
I
wanted
to
applaud
you
all
for
all
of
that,
hard
work
and
the
continuation
of
it,
and
thank
you
for
that
work
for
all
of
you.
A
Anything
else
on
that
that
note,
with
that
I
will
ask
the
clerk
to
receive
and
file
this
item
members.
We
are
going
a
little
out
of
order
to
make
an
accommodation
for
some
time
constraints.
So
our
next
item
is
actually
going
to
be
what
says
number
well,
I
can't
read
over
it.
It
says
number
eight,
so
our
next
item
is
actually
going
to
be
receiving
the
2024
budget,
current
service
level
presentation
and
we
will
hear
from
Jane
disenza
and
Ben
Zimmerman
from
the
budget.
Division
of
finance
and
Property
Services
welcome
good
afternoon.
I
Good
afternoon
board
president
presents
and
members
of
the
board
I
am
Jane
descenza
I'm,
a
principal
budget
analyst
on
our
team
and
I'm
currently
serving
as
the
interim
budget
manager.
So
you
will
be
hearing
from
me
and
my
colleague
Ben
Zimmerman.
Today.
We
are
here
today
to
talk
to
you
about
the
2024
current
service
level
budget.
This
is
a
charter
requirement
and
we're
happy
to
provide
you
with
the
information,
and
this
is
a
presentation
we
also
gave
to
council
last
week.
I
So
the
information
in
these
slides
is
the
result
of
several
months
of
work
by
our
team,
as
well
as
our
partners
throughout
the
city
Enterprise
and
one
important
note.
The
CSL
is
really
just
the
2023
adopted
budget
rolled
forward,
so
we're
not
presenting
any
new
financial
decisions.
With
these
slides.
I
A
brief
agenda
for
everyone,
we'll
review
the
current
service
level,
the
positions
and
programs,
various
expense
categories
that
are
part
of
it
throughout
this
presentation,
you'll
see
us
comparing
the
2024
CSL
to
the
2024
plan
that
Council
considered
in
December,
we'll
look
at
our
revenue
forecast
and
any
changes
that
have
come
recently
and
then
we'll
take
a
look
at
the
next
steps
for
the
city.
As
we
move
toward
budget
adoption
in
December.
I
I
I
So
the
gap
between
expenses
and
revenues
is
an
intentional
move
that
the
city
has
made
over
the
past
several
years.
I
In
order
to
recover
from
the
financial
downturn
related
to
the
pandemic,
the
city
made
the
decision
that
we
would
need
to
return.
City
services,
at
a
faster
clip
than
revenues
were
likely
to
come
back
and
we've
been
able
to
fill
that
Gap
with
arpa
cares
money
and
also
one-time
uses
of
cash.
I
I
So
this
slide
gives
us
a
look
at
the
capital
program.
This
is
these
are
the
numbers,
as
they
were
adopted
by
Council
in
December
as
part
of
the
2023-24
budget,
so
the
2023
amounts
were
appropriated
and
the
out
years
are
considered
the
planning
years
so
for
2024
CSL
for
capital
is
234
million
dollars
about.
I
I
I
So,
moving
into
the
current
service
level,
portion
of
this
presentation
I'll
be
talking
a
bit
about
the
expenses.
So
what
are
the
categories?
What
are
the
positions
and
internal
service
charges
that
we're
looking
at
and
then
throughout
you'll
see
us
referencing
the
financial
policies
which
Council
adopted
earlier
this
year
and
which
guide
the
work.
I
So
this
slide
shows
us
the
how
we
think
about
the
current
service
level
expenses,
which
are
really
our
first
step
in
calculating
the
2024
budget.
So
there
are
three
categories
of
spending:
the
first
being
calculated
personnel
which
adjusts
year
to
year
based
on
actual
Staffing
and
compensation
plans.
We
have
internal
service
charges
which
also
adjust
year
to
year,
based
on
anticipated
overhead
costs
and
then
the
base,
which
is
generally
the
non-personal
section,
the
budget
and
it's
held
flat
year
to
year
foreign.
I
So
looking
at
the
base
first,
since
it's
the
most
straightforward
again,
it's
held
flat.
This
is
often
where
departments
have
budgets
for
things
like
travel
training
office
supplies
our
process,
as
the
budget
division
is
to
take
the
data
from
the
most
recent
adopted
budget.
We
remove
anything
that
was
one
time
in
nature
and
we
make
sure
now
that
we're
in
this
biennial
structure
that
any
2024
items
are
added
in.
I
Okay,
looking
at
personnel,
this
is
a
significant
portion
of
the
operating
budget
and
these
expenses
do
fluctuate
year
to
year.
So
we
have
an
annual
budget
update
process
that
we
work
with
human
resources,
as
well
as
all
City
departments
to
accomplish.
I
I
I
Additionally,
some
of
the
Fringe
costs
are
not
yet
finalized,
so
medical
and
dental
employer
costs
will
still
be
reviewed,
so
those
numbers
will
be
incorporated
later
on
this
summer,
The
City
Is
self-insured
So.
That
has
helped
us
avoid
record
setting
numbers
for
those
costs
in
previous
years
and
has
saved
the
city
tens
of
millions
of
dollars,
so
we're
continuing
to
work
with
Finance
leadership
and
HR
on
these
items.
I
And
the
last
expense
category
that
we'll
talk
about
today's
internal
service
charges,
so
internal
service
departments
and
funds
are
those
that
provide
goods
and
services
to
other
departments
within
the
city.
So,
on
this
slide
we're
looking
at
it.
Public
works,
Fleet,
Property,
Services
and
self-insurance.
I
So
these
areas
use
models
to
distribute
their
costs
across
the
city
Enterprise.
So
those
departments
are
first
estimating
their
expenses
for
the
coming
year
and
then
using
an
allocation
model
to
distribute
those
costs
throughout
the
city.
Usually
they
consider
factors
like
customer
Department,
ftes,
any
department-specific
projects
that
are
upcoming
and
information
on
historical
actual
spending.
I
So
the
graphs
in
this
presentation
refer
specifically
to
the
general
fund
departments,
and
you
can
see
that
we
had
originally
planned
for
a
decrease
in
2024.
We
are
actually
seeing
an
increase
in
costs
and
I'll
run
through
these
major
categories,
so
I
T,
the
top
section
there.
It
appears
to
increase
in
2014
and
that's
due
in
large
part
to
a
shift
in
how
we're
accounting
for
some
I.T
costs
in
this
current
year,
we're
showing
them
in
as
general
fund
transfers,
but
in
2024
moving
forward.
I
I
So
the
actuary
takes
a
look
at
our
you
know,
previous
costs,
and
what
they're
projecting
forward
and
future
expenses,
and
so
we
are
actually
seeing
an
increase
based
on
that
Actuarial
report
and
then
per
the
financial
policy.
General
fund
departments
are
provided
the
budget
to
pay
for
those
internal
service
charges
each
year.
J
K
K
I
will
also
note
that,
with
the
state
legislative
session,
there
have
been
some
things
that
have
come
through
in
the
recent
days
that
will
impact
certain
revenue
streams.
We
have
not
had
the
time
to
review
that
information
in
depth,
nor
incorporate
it
into
this
presentation,
but
I
will
call
those
pieces
out
and
make
some
brief
remarks.
K
All
right
so,
first
the
look
at
revenues
into
all
funds.
I
will
note
that
this
only
has
external
revenues,
so
we've
filtered
out
transfers
between
funds,
use
of
fund
balance
really
trying
to
highlight
revenues
external
to
the
city
coming
in
I
will
also
note
that
Enterprise
funds,
Grant
funds,
downtown
assets
and
capital
are
still
under
development.
That's
why,
in
the
slide,
you
do
not
see
that
third
column,
as
you
did
on
prior
slides.
We
are
just
showcasing
the
2024
plan.
K
At
this
time
we
will
be
reviewing
Pro,
forma's
and
finance
plans
with
some
of
those
departments
in
the
coming
weeks
and
as
those
financials
are
finalized,
we
will
be
able
to
populate
the
2024
budget.
All
that
being
said,
we
don't
anticipate
that
2024
budget
to
diverge
to
significantly
from
the
2024
plan.
K
Moving
on
to
the
general
fund,
but
before
we
get
into
the
actual
general
fund,
revenues
themselves
wanted
to
have
a
slide
to
look
at
transfers
into
the
general
fund.
This
will
be
the
only
slide
where
we
are
looking
outside
of
the
2024
CSL.
As
you
can
see,
we
have
some
prior
years
as
well
as
some
out
years,
and
this
slide
is
really
oriented
around
highlighting
the
primary
transfer
into
the
general
fund
to
support
general
fund
activities
prior
to
covid.
K
It
is
the
plan
that
in
2025
we
will
resume
utilizing
the
downtown
assets
as
the
primary
transfer
into
the
general
fund
to
support
general
fund
work
and
I
again
want
to
reiterate
that
this
presentation
is
about
the
2024
CSL,
but
we
thought
this
was
some
important
context
to
again
explain
how
transfers
have
been
used
and
will
continue
to
be
used
to
support
general
fund
work
and
before
again,
we
get
into
actual
general
fund
revenues.
K
K
K
One
other
thing
I
will
note
on
this
slide
is
that
the
recovery
has
been
uneven.
Sales
tax
has
recovered
quite
strongly
since
the
pandemic
started,
whereas
downtown
restaurant
and
liquor
taxes
are
lagging
in
their
recovery.
K
K
That
was
driven
largely
by
increases
to
franchise
fees,
local
government,
Aid
interest
revenue
and
license
and
permit
Revenue
I
have
two
more
slides
on
general
fund
revenue
and
in
those
we're
going
to
unpack
a
little
bit
more.
The
largest
two
varieties
on
this
Slide,
the
darker
blue
taxes
and
the
lighter
blue
intergovernmental
revenues.
K
So
the
first
of
those
revenues
to
highlight
was
the
blue
taxes.
Here
you
can
see
how
this
is
disaggregated
into
sub-revenue
types,
the
largest
one
being
property
taxes,
as
you
as
you
can
see.
This
is
over
50
percent
of
Revenue
into
the
general
fund.
K
The
property
tax
year
follows
our
five-year
Financial
direction,
as
documented
in
the
2023-2024
council
adopted
budget.
That
is
a
6.5
percent
Levy
in
2023
and
a
plan.
6.2
percent
Levy
in
2024
and
I
will
note
that
that
planned
Levy
for
2024
covers
the
CSL
only,
which
is
what
we're
here
presenting
today.
It
accounts
for
no
new
spending
or
decision
making,
which
may
take
place
throughout
the
supplemental
budget
process
this
year.
K
And
one
final
slide
on
revenues.
This
is
the
second
largest
bucket
on
that
slide.
A
few
prior
intergovernmental
revenues,
Again
disaggregating
by
the
types
of
revenues
that
roll
up
into
there,
the
largest
one,
is
local
government,
Aid
LGA
again
you'll
recall
this
was
one
of
four
revenues:
I
called
out
driving
the
increase
to
overall
general
fund
Revenue
outlook
for
2024..
K
During
this
year's
budget
process,
we
adjusted
upwards
from
the
2024
plan
by
5.3
percent
or
about
three
and
a
half
million
dollars.
This
again
is
one
of
those
revenues
that
has
been
impacted
by
the
state's
legislative
session.
We
have
to
unpack
this
a
bit
more,
but
we
would
estimate
that
that
increase
of
3.5
million
may
increase
by
about
three
to
three
point:
four
million
more.
I
Okay,
just
to
wrap
us
up
on
the
general
fund,
revenues
and
expenses.
The
general
fund,
of
course,
is
where
city
leaders
have
the
most
flexibility
to
make
decisions,
and
we've
talked
today
about
general
fund,
CSL
expenses
and
revenues.
We've
talked
through
the
major
categories
and
the
considerations
that
we
look
at
for
each
of
them.
I
So
looking
ahead
to
the
rest
of
the
summer
for
the
city
departments
are
in
the
midst
of
analyzing
their
base
budgets.
Right
now,
we've
they've
been
asked
to
look
at
their
existing
resources
for
alignment
with
City
priorities
in
early
June
they'll
submit
that
work,
as
well
as
any
new
budget
proposals
to
the
budget
division
in
mid-june,
they'll
present
to
the
mayor
on
their
base,
budgets
and
and
funding
proposals
in
July
there'll
be
a
decision-making
period
within
the
mayor's
office
and
also
occurring
towards
the
end
of
July.
I
We're
having
a
presentation
to
Council
on
investments
from
2023,
so
departments
will
have
an
opportunity
to
share
their
progress
or
any
roadblocks
that
may
have
occurred
with
implementing
their
newer
Investments
and
then,
of
course,
by
August
15.
We'll
hear
from
the
mayor
on
the
supplemental
budget
address
in
September
and
October
departments
will
will
be
here
to
present
to
Council
on
their
budgets.
I
There
will
also
be
a
joint
presentation
by
all
the
Departments
who
are
working
to
prepare
a
plan
for
the
settlement
agreement,
implementation
related
to
the
mdhr
agreement
and
then,
of
course,
this
body
will,
by
September
30th
vote
on
the
maximum
property
tax
levy.
We've
also
listed
here
the
budget
committee's
public
hearing
dates
which
are
starting
earlier
this
year
than
they
normally
do
so
with
that
I'll
conclude
and
we
can
stand
for
any
questions.
A
G
Benny,
thank
you,
chair
priest
Stinson.
Thank
you
so
much
for
the
presentation.
It's
really
an
interesting
topic
to
me.
This
is
a
very
minor
question,
but
there
was
a
slide
that
you
had
in
the
beginning
of
your
presentation
with
the
projects
and
where
could
I
get
some
more
information
on
one
of
the
line
items
there
yeah.
Thank
you
for
buzzing
back,
sit.
G
B
G
So
the
other
I
guess
couple
of
comments
or
questions
the
the
park
board
appears
here,
but
just
want
to
I'm
going
to
belabor
the
point,
often
as
the
park
board,
commissioner,
just
kind
of
differentiating
what's
happening
on
the
Park
Board
side
and
what's
happening
lately
with
the
city
but
other
than
this,
this
projects
area
and
then
I
think
also.
We
probably
we
do
pay
the
city.
So
probably
we
show
up
in
some
of
the
intergovernmental
Revenue
pot.
G
We
do
it
because
you
handle
a
lot
of
services
for
us
as
well,
but
anyway,
other
than
that
this
is
really
separate.
This
is
not
the
park
boards
budget,
our
general
fund
allocations
any
of
the
ways
in
which
you
know
we.
We
are
forecasting
out
our
you
know
our
2024
and
Beyond,
so
I
just
want
to
make
that
clear.
So
everybody
understands
that
it's
not
part
of
this,
so
thank
you.
C
Thank
you,
president
pre
Stinson
I
wondered
if
we
might
I'm
just
trying
to
grasp
a
few
of
the
concepts
that
you
went
over
if
we
could
go
back
to
page
four,
a
minute.
L
C
I
President
preseason
board
member
Brandt,
so
the
the
Gap
that
you're
seeing
we've
filled
in
the
past
with
the
federal
stimulus
dollars,
cares
and
then
arpa
as
well
as
one-time
uses
of
cash.
So
the
goal
of
this
bar
chart
is
just
to
show
that
there
is
that
Gap
that
persists.
C
I
Correct
that
presidents
and
board
member
Brandt
then
showed
that
slide.
That
shows
us
moving
away
from
using
arpa
and
getting
back
to
downtown
assets
as
downtown
recovers
and.
C
I
Let
Ben
jump
in
without.
K
Sorry
to
clarify
this
is
on
the
transfer
slide,
that.
C
C
K
I
President
priest
Stinson
and
vice
president
Brandt,
yes
Fleet
fuel
costs
would
be
part
of
those
allocation
models.
But
there
are
you
know:
effects
of
inflation
are
felt
at
the
department
level
in
their
non-personal
budgets.
In
many
cases,
and
those
are
management
challenges
that
department
heads
have
to
meet.
C
I
So
there
were
actually
president
presents,
and
vice
president
brand,
there
were
just
a
few
items
that
were
planned
to
begin
in
2024,
so
the
mayor
recommended
and
then
Council
had
an
opportunity
to
review
them
much
the
same
process
that
they
did
for
the
2023
items
like
one
particular
one
that
is
the
bulk
of
that
is
the
elections
budget.
Since
it's
a
presidential
elections
year,
that's
I
think
4.8
million
dollars
of
that
total
and
then
the
other
big
component
is
moving
us
off
of
arpa
again.
I
C
F
President
Christensen,
a
member
Brant,
we
do
have
a
schedule
that
we
go
by
for
those
payments.
They
have
fluctuated
over
the
past
and
I
know.
We
have
been
working
to
decrease
some
amounts.
For
instance,
we
pay
for
the
the
teacher
Association.
What
not?
So
we
have
had
ongoing
conversations,
but
they
are
generally
set
by
a
schedule.
Okay,.
C
That
was
approved
previously,
okay
and
president
Christensen
budget
interim
budget
director.
The
liability
line
that
appears
to
increase
in
internal
service
charges
between
the
24
plan,
the
24
budget
is
that
simply
reflect,
since
worker
comp
is
separated
out.
Is
that
primarily
the
settlements
we've
been
reading
about
president.
I
President
presents
and
vice
president
Brandt
yes,
so
we
provide
the
budget
for
them
to
carry
those
expenses.
Okay,.
C
You
mentioned
I
believe
that
the
sales
taxes
in
22
Mr
Zimmerman
almost
hit
the
pre-pandemic
level.
Where
are
we
in
2023.
K
President
priest,
and
vice
president
Brandt
in
2023
with
the
data
available
start
to
the
year,
is
looking
again
quite
strong.
I
would
say
on
Pace
with
2022
or
even
slightly
ahead.
K
President
priest
and
sin
vice
president
Brandt,
the
the
figures
for
the
transfer
in
the
in
the
presentation
and
the
2023-2024
budget
and
our
Outlook
in
the
out
years
beyond
that
I
believe
we
are
still
in
financial
position
to
hold
to
those.
There
will
be
subsequent
conversations
this
summer
to
revisit
all
of
our
plan,
transfers
to
ensure
the
financials
are
strong,
but
at
this
current
time
we're
looking
good.
C
And
I
believe
I
heard
you
say:
Mr
Zimmerman,
that
you
anticipate
three
and
a
half
million
more
in
state
revenues,
with
the
possibility
of
almost
that
much
as
you
analyze.
What
came
down
during
the
session.
K
President
priest
Stinson
vice
president
Brandt,
yes
correct
during
our
budget
process
to
the
information
available
when
we
had
to
put
together
the
CSL
we
estimated
an
increase
of
3.5
million
dollars
from
the
2024
plan
and
just
in
the
last
day
or
two
with
additional
information
we've
received.
The
Outlook
is
that
there
could
be
yet
an
additional
3.4
million.
Three
to
three
point:
four
million.
K
A
Questions
from
my
colleagues
all
right,
Cena.
First
of
all,
thank
you
both
for
presenting
and
with
that
I
will
ask
the
clerk
to
receive
and
file
this
item
up.
Next,
we
move
on
to
our
next
two
items,
which
will
will
all
be
from
Mr
Happy,
our
director
of
banking,
Investments
and
debt
for
our
city
debt.
Excuse
me
for
our
authorized
projects.
Our
bet
authorizing
resolution,
our
BET
award
resolution.
J
Good
afternoon
members,
the
board
of
estimate
Taxation
and
thank
you,
president
priest,
Stinson
I'm.
F
J
B
J
All
right,
so
we
do
a
calculation
on
the
debt
capacity
I'm
not
going
to
go
line
by
line
here.
I'll
get
right
to
the
bottom
line
that
we're
using
12
percent
of
the
authorized
debt
in
a
big
picture
sense
we
might
be
when
it
comes
to
tax
supported
debt
of
selling,
maybe
50
million,
but
we're
paying
off
practically
that
much
each
year
in
debt
service.
So
it's
kind
of
even
in
a
general
sense
and
you'll
see
some
of
that.
J
Here's
a
different
buckets
of
types
of
debts.
We
have
about
a
billion
dollars,
probably
closer
to
800
a
million
at
this
point,
but
just
well
simple
picture
about
a
billion
of
that
we've
got
solely
tax
supported
debt.
That's
the
third
line
down
at
284
million
top
part
of
the
show,
with
309
million
Enterprise.
So
later,
I'll
get
to
the
of
some
of
the
Dead
issuance.
We're
going
to
do
is
Enterprise,
that's
your
water
utilities
or
utility
Etc
and,
of
course,
we'll
have
the
tax
supported
debt
in
there.
F
J
Have
been
rather
constant
over
time,
the
convention
center
a
Target
Center,
the
special
assessment
and
housing
Improvement
Association
program.
Those
are
self-supporting,
paid
with
assessment
dollars
from
the
projects.
J
Here's
a
brief
history
of
our
debt,
basically
roughly
10
years
of
what
you
just
saw
a
snapshot
of
for
one
year
on
the
far
left.
Here
we
have
2022
and
you
can
see
it's
not
dramatically
different
than
2013,
roughly
10
percent
increase
over
all
those
years.
So
it's
below
inflation
from
a
growth
standpoint.
J
A
current
Bond
ratings
we
have
AAA
from
standard
and
poor,
so
the
state
first
I'll
say
the
rating
agencies
do
kind
of
a
here's.
Your
rating
and
Then
They
Do
by
the
way,
we're
optimistic
or
pessimistic,
and
so,
in
this
case,
standard
pours
AAA
with
a
stable,
Outlook
pitches,
a
double
A
Plus.
So
that's
just
a
notch
below
the
highest
rate
and
you
can
get,
but
they
have
a
positive
outlook,
so
we'll
be
optimistic
about
the
future.
For
that
rating.
It
generally,
is
speaking.
J
We
describe
the
city
as
a
AAA
credit,
that's
kind
of
leaning
toward
the
standard
and
Poor's
rating
when
we
say
that
we
do
get
a
non-solicitor
rating
from
Moody.
So
when
we
go
to
bond
issue
or
sell
bonds,
where
typically
these
days
getting
two
ratings
from
one
from
Sarah
pitch
and
one
from
one
from
Fitch
one
from
standard
pours,
there
was
some
debt
in
the
past,
it
was
rated
by
Moody's.
Moody's
continues
to
rate
that
debt,
but
we're
not
paying
them
anything
for
that.
J
So
when
we
go
and
get
our
bond
rating,
we
do
pay
these
individual.
Oh,
we
pay
the
two
rating
agencies
that
we
signed
up
with.
J
Here's
a
snapshot
of
our
current
Bond
issuance
plans,
100
round
numbers,
138
million
73
tax,
supported
51
in
the
Enterprise,
the
city
improvements,
13
million
and
a
Park,
and
proven
about
1
million
later
in
2022.
If
something
comes
up,
we'll
bind
for
it.
We
have
the
restack
project
going
on
here
with
City
Hall,
so
we
may
be
doing
some
Charter
bonds
this
year
for
that,
and
then,
of
course,
if
anything
else
comes
along
the
way,
that's
in
our
wheelhouse.
J
J
F
J
Of
the
lines
on
top,
but
you
can
see
the
green
line
is
two
years
back.
J
The
brow
owner
Gold
Line
was
one
year
back
and
the
red
line
is
the
present,
and
this
this
is
going
over
time
over
20
years.
So
it's
what
we
call
the
yield
curve.
You
can
see
that
short-term
Municipal
rates,
just
like
treasury
bonds
or
treasury
bills,
are
very
high
right
now
in
the
in
the
short
term,
short-term
meaning.
J
It
depends
on
your
definition,
but
six
months,
12
months,
a
couple
years
and
then
there's
a
dip
in
the
middle
in
that
seven
year,
neighborhood
and
then
it
goes
back
up
a
little
more
of
a
normal.
J
J
Rate
basis
before
I
go
to
the
next
slide,
so
that
dip
that
you
see
with
the
red
line
there
in
that
neighborhood
around
10
years.
This
next
slide
is
a
picture
of
the
tenure
just
looking
at
history
going
back
in
time
for
about
10
years
or
so
so
you
can
see
the
volatility
you
can
see.
J
Put
my
move
my
mouse
around
this
low
Point
here
was
a
couple
years
back
when
we
were
in
the
middle
of
covid
and
interest.
Money
was
dirt
cheap.
Last
year
we
were
up
in
this
range
here
and
which
is
kind
of
where
we're
at
right
now.
So
that's
why
I
kind
of
expect
something
similar
a.
L
D
J
The
PowerPoint
here
on
the
just
a
General
Dynamics
going
on
the
bond
market.
You
even
heard
the
budget
folks
say
we're
in
a
stable
Financial
condition.
We
have
moderately
Diversified
revenues.
We've
got
a
six-year
CIP
in
place,
so
it's
easy
to
show
the
rating
agencies
what
our
game
plan
is
and
how
the
current
bonding
fits
into
that
our
debt
levels,
as
you
see,
are
I
would
say
Lowell
basically
and
then,
of
course,
we
have
the
change
in
the
governance,
so
that
has
happened
here.
J
A
number
of
changes
that
have
all
been
positive
for
the
city.
Of
course,
the
rating
agencies
we
all
can
will
usually
cite
their
opinion
of
financial
management,
and
we
have
a
good
record
with
the
rate
agencies
when
it
comes
to
financial
management.
J
Well,
that
might
talk
about
the
staff
involved,
but
that
also
means
the
results
that
we've
delivered
with
budgets
and
the
overall
Financial
Health
number
seven
is
what
I
see
is
a
big
swing
Factor
when
I
talk
about
what
our
interest
rates
are
likely
to
be
when
we
sell
debt
because
you
can
even
see
in
today's
Marketplace
treasure
bills,
three-month
or
any
of
the
short-term
treasury
rates
are
have
been
climbing
because
of
the
uncertainty
in
congress,
with
the
dead
limit
and
all
the
things
that
go
with
that.
J
So
if
this,
this,
the
conversation
isn't
sell
relatively
soon,
we
go
to
sell
our
bonds
in
late
June
or
early
July.
It
could
impact
us,
we
go
to
Mark
and
we
think
it's
an
aberration
for
that
week,
we'll
probably
step
back
from
the
marketplace
and
come
back
in
a
week
later.
J
J
We
have
a
column
with
the
description
of
the
project
IDE
a
we
have
some
of
the
past
approvals
that
hadn't
been
used
up
yet
then
we
had
the
new
approvals
for
the
2023
budget,
got
a
totals
column
and
then
the
rest
of
it
is
kind
of
descriptive
information.
So
this
top
page
or
so
is
enterprise
debt
that
we're
authorized
to
do
so.
This
is
not
what
we're
going
to
do,
but
what
we
could
potentially
do
the
next
and.
J
So
we've
got
a
couple
pages
of
that
for
all
the
various
capital
projects
that
are
in
the
going
to
be
constructed,
built,
purchased,
Etc
and
then
the
lower
section
here
is
got
the
assessment
information.
So
you
have.
J
Try
not
to
make
it
dizzy
here.
It
was
like
the
back
and
forth
in
size,
so
229
and
we're
coming
you
to
you
today
asking
for
approval
to
sell
137,
515.
F
J
Your
list
I,
if
you
click
the
agenda,
I
think
this
is
the
first
one
that
comes
up
and
anyway,
we
have
here
the
request.
We
have
two
resolutions,
one
to
authorize,
authorize
us
to
sell
the
bonds
and
then,
of
course,
we're
going
to
get
bids
from
Underwriters
in
the
next
resolution
will
be
for
us
to
go
ahead
and
award
the
sale
of
bond
so
you're.
J
Staff
to
move
forward
with
both
items
I
could
go
deeper
on
any
one
of
these,
but
it's
probably
better
I.
Stop
at
this
point.
President
priest
incident
opening
up
for
questions
or
comments.
L
Thank
you,
madam
chair
and
Mr
Happy
for
that
presentation.
I'm
curious.
You
mentioned
that
the
bond
rating
agencies,
we
pay
them
and
I'm
just
curious.
How
does
that
impact
the
ratings
we
receive
and
then
I
think
you
said,
Moody's
was
a
a
non-solicited
rating,
which
seemed
to
be
a
little
bit
lower
than
the
bond
rating
agencies
that
we
hey
so
I'm
just
curious
about
that
distinction
and
how
does
the
payment
versus
non-payment?
How
does
that
impact
our
rating.
J
I'm
president,
pretty
Stenson
and
board
member
and
council
president
Jenkins,
that's
an
astute
observation
of
how
things
are
working.
I
just
need
to
go
a
little
deeper
to
to
tell
some
of
what's
going
on
here.
The
non-solicited
would
apply
to
pass
rate
past
bonds
that
we
sold,
that
we
had
Moody's
rate.
J
So
if
we
don't
pay
them
today
for
the
bonds
we're
issuing,
they
won't
rate
those
bonds,
whereas
we
are
paying
standard
and
pours
and
fish
trait
the
new
bonds
we're
issuing,
and
so
the
ratings
will
apply
for
those.
So
we
can't
take
a
we
can't
take
a
free
ride
and
try
to
bring
our
bonds
to
the
marketplace
without
a
current
Bond
rating.
J
L
J
The
we
do
need
to
pay
the
radio
agencies
to
do
the
work
we
aren't
paying
we're
not
buying
a
rating
per
se
or
by
in
the
work
and
the
analysis
for
them
to
come
up
with
an
indep,
an
opinion
and,
of
course,
the
SEC
Municipal
Securities
rule
making
board.
There's
a
bunch
of
these
entities,
I'm
looking
really
down.
J
Looking
down
really
hard
on
these
rating
agencies,
they
got
in
a
lot
of
trouble
back
during
the
housing
crisis
because
they
kind
of
did
well
I,
don't
know
what
legally
was
settled,
but
there
were
some
questionable
things
that
came
along
the
lines
of
what
someone
might
wonder.
L
Yeah,
thank
you
very
much.
So
there
are
no
independent
rating
agencies
per
se.
J
President
priest,
Anson
and
board
member
Jenkins-
these
are
independent
entities,
they're
separate
they're
out
there
they
do
business.
There
are
other
agencies
out
there.
These
we
want
to
go
with
mainstream
ones.
There
are
a
couple
others
that
like
might
specialize
in
corporate
bonds
or
even
do
some
municipals,
but
we
want
the
name,
recognition
of
the
bigger
the
historic
ones
that
have
done
these.
It's
name
attraction.
It
makes
it
easier
for
the
institutional
portfolio
managers
that
are
buying
our
debt
to
go.
Yes,
it's
got
an
s,
p
rating
or
a
fish
rating.
A
A
But
if
we
were
doing
other
processes
or
different
types
of
bonding,
there
are
specializations
of
others,
but
these
are
the
ones
that
are
most
seen
and
most
used
that
when
you
go
to
go
through
the
bonding
process,
these
these
are
the
ones
that
are
most
recognized
and
most
used
for
our
purposes.
Is
that
seem
to
sum
that
up
presidents,
priest.
A
Okay
and
just
another
thing,
you
council,
president
Jenkins,
did
also
ask
this.
If
I
remember
correctly
the
different
scores
there,
they
have
different,
so
the
the
double
A
all
caps,
double
A,
Plus
and
and
a
lowercase
A1
there.
There
is
not.
They
have
their
own
numeration
schedule,
so
they're
they're,
they
don't
have
one
schedule
that
they
all
use,
whereas
they
all
have
AAA,
and
that
means
the
same
thing,
so
they
each
do
have
their
own
scale
and
letters
that
they
use
to
the
and
and
verbiage
that
they
use
to
attach
with
it.
J
President
priest,
Stinson
I
would
say
that,
yes,
they
each
have
their
own
scheme,
but
there
is
some
consistency
across
the
levels
of
AAA
is
probably
going
to
show
up
for
all
three
of
these.
When
you
get
to
the
double
a
one
might
use
a
plus
my
one.
B
J
The
one
and
those
will
be
comparable-
the
Double
A
without
anything,
would
be
comparable
to
a
lower
the
aid
lower
case
two,
so
they
have
their
own.
A
J
A
Thank
you
just
want
to
make
sure
we're
all
clear
on
that
great
and
then
let's
go
in
reverse
order,
because
I
usually
call
on
you.
First.
G
Commissioner
Benny.
Thank
you,
madam
chair.
A
couple,
quick
questions,
comments
back
toward
the
beginning
of
this
presentation.
There
were
the
bonding
categories
and
there
was
the
park
Yep
they're
right
there,
actually
Park
Board
in
downtown
East
development.
I
just
want
to
point
out
from
my
colleagues
at
the
park
board.
Those
must
be
grouped
because
they're
of
like
kind
or
something
like
that,
because
otherwise
it
would
be
completely
unrelated.
J
G
It
just
catches
my
eye
I'm,
all
Park
Board,
all
the
time,
so
about
seven
million
of
that
it's
parade.
Stadium
is
Park
board
and
the
rest
is
downtown.
East
yeah.
C
G
G
Time,
yeah,
okay,
thank
you
and
then
the
other
thing
I
want
to
point
out
is
on
the
assessments.
We
have
a
million
dollar
line
item
there,
and
this
is
for
the
disease
tree
removal
program
on
private
property.
So
remember
when
the
park
board
is
doing
assessments,
it's
for
private
trees.
That's
an
important
distinction.
Now
I
know
it's
causing
a
lot
of
hardship
for
certain
people
in
our
city.
G
And
then,
if
you
could,
please
go
to
the
the
slide
with
the
projects.
I
thought
something
on.
There
was
pretty
interesting
related
to
the
right
there.
The
storm
sewer
line
items,
so
you
know
I'm
some
new
at
this,
but
there's
the
general
obligation
bonds.
Those
are
against
property
taxes,
but
Enterprise
Bond
bonding
is
separate
right
and
you
can
Bond
against
an
Enterprise
fund
and
that's
what's
happening
with
the
storm
sewer
mine
items.
J
President
pre
Stinson
and
Boardman
Robin
that's
correct.
There's
some
bonds
are
funded
by
fee
revenue
of
the
Utility
Systems
and.
J
And
I
think
Public
Finance
Theory
would
say
where
it's
serving
a
broader
range
or
you
can't
line
it
up
for
just
the
revenue
element
of
the
operation
that
you
have
maybe
some
infrastructure
kind
of
things
that
might
be
warranted
to
be
paid
by
General
taxes
rather
than
utility
revenue.
What.
G
I
find
interesting
about
it
is.
It
looks
like
there
are
some
categories
of
funding
there
that
are
related
to
essentially
development
that
the
city's
doing
City
development
projects.
So
when
there's
private
development
in
the
city,
this
the
developer
develops
there,
they
build
their
own
storm
water
management
systems
by
by
chapter
54
requirements
and
the
park
board
does
the
same
thing.
When
we
build
out
a
project
due
to
some
development.
We
also
build
our
own
on-site
storm
sewer
system,
storm
water
management
system,
but
the
city
is
using
for
their
development
projects,
the
water
distribution
facility.
G
You
know
Public
Works,
Hiawatha,
campus
expansion,
there's
a
requirement
that
storm
sewer
system
has
developed
as
part
of
those
projects
and
you're
using
the
Enterprise
fund
for
that
and
I,
and
that's
actually
I
think
an
interesting
way
of
doing
it.
You
can
see
doing
it
for
Street
projects
and
things
like
that,
or
actually
just
working
on
the
Storm
sewer
system,
like
the
tunnel
line
item
and
things
like
that.
G
That
seems
more
pure,
but
the
reason
I'm
bringing
that
up
is
that
the
statute
actually
prefers
the
repave
payment
of
storm
sewer
system
improvements
through
the
through
the
rate
through
the
Enterprise
rate
and
not
through
property
tax
repayment
and
so
I
just
want
to
let
my
colleagues
know
it's
nothing
that
will
come
before
this
body,
but
the
park
board
is
actually
working
on
an
initiative
right
now
to
have
access
to
our
portion.
G
A
portion
of
the
Enterprise
fund
dollars
a
line
item
to
the
park
board
for
our
storm,
our
public
storm
sewer
system,
because
we
don't
have
access
to
that
money
currently
and
we
develop
quite
a
bit
of
storm
sewer
system.
You
can
imagine
we're
right
at
the
Lakes
and
the
creeks
and
so
on.
So
this
is
a
really
just
really.
You
know
shot
out
at
me
that
the
the
city
is
doing
something
that
we
have
no
access
to
do.
That
puts
us
a
little
bit
in
difficult
with
the
way
the
statute
444
reads.
C
Mr
hoppy,
if
it'll
help
you
sleep
better
tonight,
I
just
got
back
from
gfoa
and
the
consensus
there
among
the
people
on
the
panels
was
that
the
speaker
and
the
president
will
somehow
Bumble
their
way
to
an
agreement
or
a
delay
of
resolving
the
issue
that
will
not
provoke
immediate
crisis
and
also
that
states
are
flush
enough
generally
with
cash,
not
across
the
board,
of
course,
but
I
think
Minnesota
would
fit
in
that
category
that
their
situation
will
help
to
Shield
local
government
finances.
C
C
That's
a
project
that
was
first
proposed
in
2010
April
2010.
It's
a
project
to
replace
a
fire
station
that
will
turn
a
hundred
years
old
in
2025.
C
It
was
built
for
firemen
and
they
were
all
men
back
in
those
days.
We
slid
down
poles
and
probably
got
out
of
the
fire
station
with
a
horse
team
to
pull
the
wig
and
it's
the
project
is
to
essentially
move
that
fire
station
to
a
new
site
on
East
Hennepin,
as
you
probably
are
aware,
make
it
built
from
the
ground
up
for
both
genders
all
genders
and
to
provide
better
fire
service
on
East
Hennepin
to
some
of
the
sites
that
are
not
well
served.
C
Now
now
I'm
sort
of
puzzled
to
see
this
on
the
list,
because
fire
the
fire
station
really
has
nowhere
to
go
the
place.
That's
always
been
opened
up,
for
it
is
the
East
yard
site
on
Hennepin
Avenue
and
the
East
yard
site
on
Hennepin.
Avenue
again
has
a
couple
of
19th
century
buildings
that
are
used
for
storage.
It
has
a
building
where
a
guy
welds
on
a
creosote
block
floor.
C
Now
the
30-year
plan
has
been
to
consolidate
everything
at
the
Hiawatha
facility.
I've
read
that
plan
and
I
I
think
that's
a
wonderful
idea.
I
have
good
friends
who,
on
both
sides
of
that
issue,
but
right
now,
I
pick
up
the
paper
in
the
morning
and
read
that
there's
a
group
that
may
or
may
not
come
up
with
cash
to
that
may
or
may
not
have
a
access
to
that
site
and
yet
there's
about
nine
million
dollars.
C
If
my
math
is
correct
in
in
this
Bond
of
authorization
for
the
Hiawatha
campus
expansion
and
that
doesn't
even
address
the
separate
issue
of
whether
there's
going
to
be
a
training
facility
there
and
so
I'm,
just
a
little
unsure.
C
Why
were
we
have
this
on
the
list
at
this
point
until
things
are
resolved
and
I've
certainly
made
my
feelings
known
on
this
to
my
council
member
council,
president
Jenkins
and
I
appreciate
her
vote
on
the
issue
and
I
I'm
wondering
if
somebody
who's
been
privy
to
this
can
tell
us
what
the
plan
is
for
resolving
this
issue
so
that
we
can
either
find
a
new
site
for
fire
11
and
a.
F
L
Yeah
I
I
think
I
agree
with
you,
I'm,
not
sure.
If
Mr
Happy
can
answer
that
question
I'm,
not
sure
if
I
can
either.
This
has
been
a
rapidly
developing
situation
and
I
I
mean
I.
Think.
Just
this
week
we
learned
that
the
possibility
of
said
group
potentially
purchasing
what
is
known
as
the
roof,
Depot
site
and
or
subsequently
Hiawatha
maintenance
facility.
L
These
things
literally
just
developed
this
week,
yeah,
and
so
you
know,
I've
been
saying
all
along.
We,
we
still
have
a
conundrum,
because
we
have
to
figure
out
how
we're
going
to
replace
that
100
plus
Euro
facility
that
you
spoke
of
as
well
as
make
an
Ada
accessible
fire
station
to
to
help
with
our
Public
Safety
response
in
in
that
part
of
town,
East
Hennepin.
B
A
That's
what
I
was
getting
up
to
confirm
that
you
were
talking
about
roof
Depot,
but
I
I
will
say
before
mayor
Fred
gives
his
comments
that,
yes,
this
is
a
super
recent
development
and
we
also
know
that
we
will
need
a
facility,
and
so
in,
in
my
opinion,
of
what
I'm
sharing
before
I
pass
it
to
Mayor
Frye,
the
the
money
would
still
need
to
be
there
in
order
to
do
the
thing
that
we
still
need,
regardless
of
where
we
end
up
putting
it
just
in
my
opinion
and
it's
developing
and
he
verify
will
add
more
context
there
and
then
I'll
just
add
real
quickly
as
well,
that
if
I
remember
correctly,
money
can
be
moved
to
other
projects.
A
So
long
as
it's
a
light
project.
However,
I
don't
think,
there's
a
suggestion
that,
if
that
site
no
longer
becomes
available,
that
the
the
perp,
the
the
purpose
of
needing
a
site
and
the
reason
for
that
would
still
remain,
and
so
we'd
be
looking
for
another
site
and
now
we'll
pass
it
to
Mayor
Frye.
That's
right!
That's
right.
H
Thank
you,
madam
Sharon.
Thank
you,
madam
president.
So
yeah
we
spent
a
couple
of
weeks
the
last
several
weeks
of
the
session
working
out
a
deal
that
would
accomplish
the
city's
goals
and
the
city
has
several,
and
these
are
things
by
the
way
that
we
don't
just
aspire
to,
but
things
that
we
need
to
do
just
to
keep
a
functioning
City
and
to
ensure
that
people
have
water
before
I
even
get
into
that
I'll
sort
of
short
circuit.
H
This
a
little
bit
and
say
with
respect
to
this
item
that
we
would
be
voting
on
today
in
this
resolution,
it's
not
site
specific.
So
this
is
money
that
we
are
going
to
need
to
have,
regardless
of
where
the
water
facility
ultimately
is,
and
so,
regardless
of
what
your
position
is
on
the
roof
Depot
site,
this
is
still
money
that
we're
ultimately
going
to
need,
as
it
applies
to
the
roof.
H
Depot
site,
I,
I
figure,
since
it
was
asked
I,
might
as
well
lay
out
the
the
negotiation
and
the
agreement
that
was
came
to
come
to
between
the
legislature
and
and
the
city.
So
presently
the
the
city
is
in
to
this
development
about
16.7
million
dollars.
That's
a
combination
of
of
design
costs
of
architectural
work,
that
security
costs
and,
of
course,
that's
the
purchase
of
the
parcel
itself.
H
You
know
the
the
present
value
of
the
parcel
is
somewhere
around
I,
believe
11.5
or
11.7
million
dollars.
We
would
need
to
get
paid
back,
17
16.7
million
dollars
into
the
water
Fund
in
order
to
make
the
water
fund
whole.
That's
not
like
an
optional
thing.
We
have
to
make
sure
that
the
water
fund
is
whole
for
rate
payers
which
are
not
exclusively
by
the
way
in
the
City
of
Minneapolis,
and
so
the
deal
is
as
as
proposed
and
we
sent
a
letter.
H
I
sent
a
letter
on
this
would
be
the
the
state
would
give
us
4.5
million
dollars
right
off
the
bat.
Now
that
would
go
towards
design
and
preparation
work
in
at
the
new
site,
which
is
you
know,
north
of
Northeast
Minneapolis,
and
then
there
would
be
two
installments
of
approximately
5.7
million
dollars
equating
out
and
I
might
be.
Please
don't
hold
me
to
this
exact
math,
but
it's
around
there.
H
The
the
first
installment
would
would
have
would
be
5.7
million
dollars,
two
of
which
would
be
paid
in
sort
of
an
earnest
money
by
the
state,
leaving
3.7
million
dollars.
That
epny
would
need
to
provide
by
I
believe
it
was
September,
8th
or
9th
if
they
provide
the
3.7
million
dollars
by
that
period
and,
of
course
the
state
provides
the
two
million
dollars
which
they
will
be
providing.
H
Then
we
would
then,
then
the
next
step
would
be
to
receive
the
final
5.7
million
dollars
plus
at
the
next
session,
the
next
legislative
session,
and
so
the
idea
here
being
it
makes
us
whole,
which
is
again
something
that
is
really
not
optional.
We
need
to
be
able
to
pay
the
water
fund
repay
the
water
Fund
in
some
form,
which
is
why
again,
we've
been
having
a
lot
of
these
conversations
over
the
last
several
years.
We
still
need
to
one
have
a
water
yard.
H
We
need
to
have
the
Public
Works
facility
and
two
we
do
need
to
repay
this
fund
this
that
would
achieve
it
and
and
so
that
that
would
give
us
the
ability
to
have
clean
water
and
not
double
charged
property
taxpayers
and
that's
the
basic
makeup
of
the
deal.
But
again,
this
particular
action
is
not
site
dependent.
So,
regardless
of
whether
ebony
achieves
the
3.7
million
dollars
or
not,
this
still
would
allow
us
to
move
forward
with
a
water
yard
in
some
form
in
some
location.
C
President
president,
legally
I
I
appreciate
the
mayor's
explanation
legally
that
this
may
not
be
tied
to
the
Hiawatha
site.
The
way
it
reads
is
Hiawatha.
Campus
expansion
I
am
glad
to
hear
there's
a
deadline
for
the
epni
to
meet,
because
I
don't
want
to
see
this
hanging
out
there
unresolved
indefinitely.
C
I
would
point
out
just
from
a
efficiency
standpoint
having
a
facility
on
Hiawatha
Avenue
with
good
access
to
all
parts
of
the
city
sounds
a
lot
more
attractive
than
a
site,
that's
north
of
Northeast
Minneapolis,
which
would
be
putting
essentially
a
good
section
of
the
city's
Public
Works
infrastructure,
away
from
its
main
campus
and
away
from
the
city
that
it
serves
and
I'm
wondering
if
the
amount
of
money
that's
in
this
Bond
resolution
is
scaled
at
all,
to
the
ex
anticipated
development
cost
of
this
new
site
that
I'm
just
hearing
about
today.
J
President
priest
Stinson
and
vice
president
Brandt,
the
bonding
that
we
have
here,
was
based
on
the
project
as
it
exists
at
the
moment.
The
message
that
we
were
are
bringing
here
is
that
the
money
will
be
used,
regardless
of
which
site
and
whether
or
not
the
city
has
to
reassess
the
cost
of
a
different
site.
I
think
that's
probably
up
to
the
engineers
to
do
the
analysis.
A
So,
to
be
clear,
since
we
are
broadcasting
just
to
emphasize
to
emphasize
to
emphasize,
this
is
not
tied
to
a
site.
This
is
Project
Specific
and
it's
still
named
Hiawatha
campus
expansion,
because
literally
this
did
like
just
happen,
so
that
could
easily
be
changed
as
a
line
item
to
the
facility
or
whatever
we
wanted
to
call
it
and
remove
Hiawatha.
The
Hiawatha
is
still
there,
because
that
was
the
plan
up
until
very,
very
recent
that
this
wouldn't
have
been
updated.
J
A
Just
because
we're
broadcasting
I
want
to
make
sure
people
are
clear
about
what
we're
voting
on
and
also
the
the
name
discrepancy
as
it
was
brought
up.
I
mean
that's
what
it
was
called
because
that's
what
it
was
going
to
be.
A
C
The
plan
still
to
move
fire
station
11
to
the
east
yards
when
that
site
is
vacated
for
wherever
it
ends
up
and
I.
Don't
expect
Mr
hoppy
to
answer
that,
but
perhaps
the
mayor
could
okay,
I
I
just
speak
as
a
member
of
Click
who
invested
a
lot
of
time
into
reviewing
these
various
projects
and.
F
F
B
L
L
You,
madam
chair
I,
I,
guess
I
am
curious,
though,
and
I
I
hear.
L
From
Mr
Happy
from
yourself
and
the
mayor
that
this
is
an
allocation
towards
a
project
but
I
I
thought
bonding
had
to
have
some
specific.
J
President
priests,
Stinson
and
council
member
Jenkins
I
think
that's
a
good
way
to
put
it.
We
to
the
extent
that
any
adjustment
to
the
existing
resolution
would
need
to
be
done.
We
would
have
to
come
with
that,
but
getting
the
money
itself.
J
We
would
be
good
to
go
down
this
process
to
get
the
money
and
later,
if
it's
decided
that
we're
not
going
to
be
going
to
forward
with
the
existing
site,
then
if
there
is
anything
that
we
need
to
do
to
reallocate
to
a
different
project
or
to
to
the
extent
it
needs
to
be
done
as
a
different
site
I,
the
purpose
would
be
the
same,
so
I
think
we're
good
in
everything,
but
I
I,
guess
it
kind
of
depends.
I
can't
answer
the
the
question.
L
A
L
G
Thank
you,
chair,
Priestess
and
I
just
want
to
sort
of
add
to
that.
There
are
categorical
spendings
here,
there's
categories
of
spending
so,
for
example,
on
the
storm
storm
drain,
storm
drains
and
tunnels
rehab
program,
it's
not
specifically
calling
out
the
storm
drains,
but
it's
a
category
of
spending
and
I.
Think
that's
how
I'll
think
about
the
water
distribution
facility
pot
of
money
I
mean
so
it
isn't.
You
know,
I
think
it's
it's
reasonable
to
say
it's
not
precise.
It's
not!
A
All
right
with
that
first
I'll
ask
the
clerk
to
receive
and
file
the
presentation
portion
that
we
received
and
then
with
regard
to
the
two
bonding
resolutions
to
consider
for
approval.
Bonding
I
just
want
to
put
out
a
reminder
that
bonding
resolutions
do
require
four
affirmative
votes
per
Charter
article
5.5.
So
we
would
need
four
votes
to
move
forward
with
the
bonding
resolution.
J
I
think
the
short
answer
would
be
no,
but
I
would
again
if
they
wanted
to
do
some
questions.
I
can
go
into
things
about
bonds,
structuring
all
that
kind
of
stuff,
but
basically
we
have
these
three
categories:
assessment
bonds,
some
Enterprise
bonds
and
paid
by
fees,
and
then
the
tax
supported
debt.
So
those
three
groups-
and
you
saw
that
long
list
of
projects-
that's
what
we're
and
actually
the
projects
in
the
resolution
are
the
ones
we're
actually
bonding
for
and.
F
C
One
question:
Mr
hoppy,
that's
more
related
to
your
particular
expertise
and
that
is
I
believe
when
we
approved
a
similar
resolution
last
spring
you
told
us,
you
expected
a
net
interest
cost
of
I
think
it
was
about
3.5
percent.
Do
you
have
any
any
expectation
assuming
that
the
U.S
debt
doesn't
go
to
smithereens.
J
President
imprint
in
this
particular
chart
that
I
have
up
here,
I
concluded
the
true
interest,
cost
or
rate
that
we
paid
in
2021
right
up
at
the
top
there.
This
is
1.39
percent,
and
last
year
we
paid
3.27
3.27.
That
was
a.
We
call
the
true
interest
rate
that
nuts
in
any
bond
premium
and
differences
between
coupons
and
yields,
Etc
and.
D
J
Little
bit
of,
if
we
use
this
curve
here
as
a
reference
point,
I
would
say.
Probably
three
and
a
half
would
be
a
reasonable
ballpark
today.
So
if
I,
if
I
did
say
three
and
a
half
last
time,
good
news
is,
we
came
in
a
quarter
under
yeah.
A
Any
further
questions,
all
right
with
that.
May
please
have
a
motion
to
approve
the
resolutions.
A
Is
there
a
second?
Second,
we
have
a
proper
motion
before
us.
Is
there
any
further
discussion
any
further
discussion,
seeing
none
all
those
in
favor,
say:
aye
aye,
any
opposed,
say
name
the
eyes
have
it
the
resolutions
are
approved,
and
then
we
move
on
to
the
last
item
of
our
agenda,
which
is
a
transmittal
memo
regarding
accessible
projects
from
the
city
council,
for
which
the
board
of
estimate
taxation
will
consider
approving
the
issuance
of
these
tax
exempt
General
obligation
assessment
bonds
at
a
future
meeting.
A
Colleagues,
does
anyone
have
any
questions
or
comments
about
the
memo
again
we're
not
taking
a
vote.
We're
simply
saying
that
we
know
that
these
items
will
come
before
us
at
a
future
date
for
a
vote.
It
is
the
mill
District
1st,
Street
South,
2nd
Street
South
13th
Avenue
South
Street
resurfacing
project
and
the
second
one
is
the
2023
Street
lighting
replacement
project.
Are
there
any
questions
all
right,
seeing
Nano
asked
the
clerk
to
receive
and
file
that
item
and
we
have
completed
all
business
to
become
come
before
us
and
without
objection.
We
Stand
adjourned.