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It's all about voices Inbox boy we who called the September 10th, 2024 meeting of Boyd County Council order Please stand for the 00:00:00
Pledge of Allegiance. 00:00:04
I pledge allegiance to the flag of the United States of America and to the Republic for which it stands, one nation under God, 00:00:11
indivisible, with liberty and justice for all. 00:00:16
Let the record show that we have a full. 00:00:27
Quorum here today. Mr. Tran, can you lead us in prayer? 00:00:29
Yes, I will. 00:00:33
Let's pray turn on all wise Gob. We're grateful for a miracle of another day and this opportunity to bow. 00:00:35
Before you as a community in prayer. 00:00:44
We ask, we thank you, Lord, for what you've done in this place on today. Thank you for giving us the minds to want to better our 00:00:47
community and thank you for the progress that we've made. And we ask that you would bless our decisions as we go forward. Bless 00:00:55
everyone in this room and forgive us of our many sins. In Jesus name we pray, Amen. Thank you. 00:01:03
Acceptance of tonight's agenda. 00:01:13
So move second. 00:01:16
Motion a second for tonight's agenda. Any discussion? 00:01:18
All in favor say aye aye. Any opposed? 00:01:23
That agenda is accepted approval of minutes for the 813 public hearing and the 813 Council meeting. 00:01:26
It's all moved. 00:01:35
I'll second the motion. A second for both. I assume that's for both them, yes. 00:01:37
Any discussion on those? 00:01:44
All in favor say aye aye. Any opposed? 00:01:46
That carries. 00:01:49
Any public comment tonight before we get going? 00:01:52
Alright, we're on the old business #1 blessings in the backpack. 00:01:57
I move that one a be approved. 00:02:01
I'll check them. 00:02:04
OK, we have a motion a second to approve $10,000, two blessings and a backpack out of riverboat. The 7303 funds any discussion? 00:02:05
Seeing none all in favor say aye. Any opposed? 00:02:18
That carries. 00:02:22
Sorry, we have one opposed. 00:02:25
That carries. 00:02:27
All right, Brad, we're on to you. This is Floyd County Council Resolution 20/24/03. 00:02:29
Let me get my screen straight here. 00:02:40
Resolution of Floyd County Council approving a. 00:02:44
Lees with Floyd County Indiana Building Corporation pledging cumulative. 00:02:47
Capital Development Fund revenues to the payment of lease rentals there under an approving matters related there too. 00:02:51
Do you want to talk, Brad? 00:03:00
Yeah, absolutely. OK, I'll, I'll just. 00:03:04
Feel free to raise any questions you have at any point, but I'll just kind of run through this and explain sort of what's going 00:03:08
on, why, why this is, why this is on your agenda tonight. So I think as you're all aware, the commissioner signed a purchase 00:03:14
agreement for the Chase building as part of the sequence to you'll provide a new county office space for the county office 00:03:21
holders. The purchase price of that building is is 8 million. 00:03:27
I think $808,650,000. 00:03:34
And there's also some needed renovations, equipment and so forth of the building to make it usable for the county's needs. 00:03:38
Uh, because of the size of the financing? 00:03:45
We're going to do this through a lease financing structure, which you may have heard about before. I feel like we did this several 00:03:48
years ago with the jail project and I forget the exact year that was done, but it's very common in Indiana for these large capital 00:03:54
projects because of limitations on direct indebtedness that you do these as lease financing structures. And the way these operate 00:04:01
is a non profit building corporation is created, they actually borrow the money. 00:04:07
They they buy or construct the asset and then they lease it back to to the county. 00:04:15
The county then makes lease rental payments to pay the bonds and once the bonds are gone then the property by law and by the lease 00:04:20
terms has to has to be transferred to the county. 00:04:24
So it's just a, it's a structure that's used commonly across the state for debt limit purposes. So prior to tonight, the building 00:04:29
corporation has met, they've elected officers, approved their code of bylaws, they've approved a form of the lease agreement. The 00:04:37
county commissioners have also approved a form of the lease agreement. And as part of this this process of the law, the County 00:04:44
Council also has to make a determination that the project is needed and approved the form of the lease agreement. 00:04:52
So the lease itself would have maximum annual lease rental payments not to exceed $1,461,000 per year. 00:05:00
It would have a maximum term not to exceed 30 years. 00:05:09
The total amount of bonds that could be issued table for this lease would be 12,500,000. 00:05:13
And the maximum bond anticipation notes that could be issued is 10,500,000. 00:05:19
These are all maximum parameters. 00:05:25
Because as it stands today, the actual financing terms aren't known. We know as I just sketched out there, those are the maximum 00:05:27
parameters. But once, once you actually would sell bonds and know your lease rental payments, you would chew up like what the 00:05:32
actual numbers would be. 00:05:37
Those lease rental payments would be secured by the county's cumulative capital Development Fund revenues which you implemented I 00:05:43
believe last year for collection starting this year. So those revenues will be pledged to secure the the repayment of the of the 00:05:49
obligations here. 00:05:54
At this point, the plan of the plan of finance would be to issue a bond anticipation note to finance this purchase price for the 00:06:01
Chase building. And the reason for that is, is twofold. 00:06:08
One is because as it stands right now, there's currently other tenants in this building. And I know your goal long term is to get, 00:06:15
I think all the tenants out with the exception of of maybe Chase Bank. But because we don't know the exact mixture of governmental 00:06:22
use of the property versus private use, it makes it hard to know how much you can issue in taxes and bonds. And so upon 00:06:29
anticipation though, it's just a short term interim financing mechanism. 00:06:36
It'll allow that to kind of get sorted out as the tenant leases start to terminate and the county starts to occupy the space. The 00:06:44
other reason is that you are currently not at your maximum human capital fund rate set by statute. And so again, not really 00:06:51
knowing what that rates going to end up being, it's kind of hard to do a long term financing based upon the existing rate. So we 00:06:59
have to kind of deal with the. 00:07:06
As they are right now, we can't, we can't issue and incur bonds when you don't know what you're actually going to take that rate 00:07:14
to if you don't take it to the Max. So the bond anticipation note route gives flexibility to allow some of these things to kind of 00:07:21
sort themselves out before you would actually issue the permanent financing for this, for this project. 00:07:28
I've said a lot right there. So I'm gonna, I'm gonna stop right now and just turn it over for any questions you may have. 00:07:36
So are you asking us tonight to approve a? 00:07:45
Resolution that the. 00:07:47
Commissioners have already passed. 00:07:50
That's that's, that's right. That's so the commissioners, so the process as I mentioned earlier. 00:07:52
Skipped over this to the building corporations that they've approved the former lease and all of these terms. The commissioners 00:07:58
have met and done the same. 00:08:02
County Council approvals require the commissioners didn't have to help hold a public hearing and then they would do what we call 00:08:07
confirm their prior resolution. So there's you aren't the last step in this process, but you're sort of 2nd to to last before the 00:08:13
commissioners have the hearing and, and we get final approval. 00:08:18
So I I do have several questions. 00:08:24
The ban. 00:08:28
That will be issued. Do we have a idea about how long that might be in place? 00:08:32
Yeah. So Denise, the maximum term of a bond anticipation note to ban is five years and it's not uncommon to issue A5 year note. 00:08:38
But usually what you would have is a prepayment option. So like after one year, after two years you could pay it off or flip it to 00:08:45
your permanent financing. You don't have to do a five year. Sometimes I've seen a three-year ban with a one year prepayment 00:08:51
option. 00:08:57
There are there are different avenues you have there. 00:09:04
The 11 sort of unique thing about a band option in this scenario. 00:09:07
Is it because the? 00:09:13
The acid is complete, it's usable, you can start actually paying rent for the property even during the term of the ban. And so if 00:09:15
you did A5 year ban, you could take your CCD fund revenue and start paying down principle of the ban during this this interim 00:09:22
financing period. So that when you get to your take out finance and you're not, you're not drawing the same amount once again on a 00:09:30
long term basis. What's the interest? I assume an interest rate on a band is higher than an interest rate on a bond. 00:09:37
True or not, it depends. It depends, Denise, because you know it's all about the yield curve and so the shorter out you go, so one 00:09:47
year, 2 year down the yield curve versus A20 year. I mean generally that shorter maturities going to cost you less than interest. 00:09:53
But to your point, because the ban itself isn't as secure as the bond itself, there may be a slight increase in that rate I think 00:09:59
right now. 00:10:05
Stifel and and Crow are running this at like a maximum interest rate of around 4 or 5%. 00:10:12
Oh good. 00:10:18
OK. 00:10:19
Are we going to, are we just going to accrue the interest into the into the band and not pay that interest or are we going to pay 00:10:22
the interest on the ban as we got? 00:10:27
Pay down principle as well as interest during the band term to start paying off this this financing. Who makes all those 00:11:04
decisions? 00:11:09
Well, the building corporation is actually the borrower. They would, they would have a resolution that will authorize these, these 00:11:16
same parameters as far as maximum term, our amount and and lease rental annual payments. Usually we would look to the 00:11:24
commissioners to kind of make that final decision as to, you know, which, what's the most acceptable financing arrangement. But 00:11:31
what in the end you've got, you've got Crow as your financial advisor. They have the fiduciary duty to sort of look to say. 00:11:38
Hey, here's here's the best deal based upon these facts. Here's the best route that they would recommend. OK, perfect. So I. 00:11:45
I guess I have a somewhat of a problem with the maximum of 1.46 million. 00:11:56
That for a payment. 00:12:02
I mean it. We have right now. 00:12:06
Only $850,000 only, I mean we have 850,000 coming in. Are there something is somewhere on north of that? 00:12:11
Why? Why 1.4 Max on that payment? 00:12:21
Great question. So the way that's that size that they look at, if you did a 20 year bond issue, how would it be structured and 00:12:27
most most likely? 00:12:32
Sorry, had another call most likely. 00:12:39
Even though that fund, the CCD fund, is a property tax funded fund. 00:12:43
Because it's rate controlled, a purchaser, a lender is going to view this as a revenue deal. OK. And in other words, you're, 00:12:47
you're, you have fixed revenues. You can't, you can't just go out and raise whatever you need for debt service. You have a fixed 00:12:52
amount. 00:12:56
They most likely will require a separate debt service reserve fund, which is essentially A1 year debt payment set aside in case 00:13:01
there's some shortfall in a given year. So you got to add that on to the deal and then you add cost of issuance. And if if you 00:13:09
didn't pay any interest during the ban period, in other words, Denise, they look at worst case scenario, how, how, how much would 00:13:16
you have to borrow on a permanent basis and what would that payment be that that's the one million 461. 00:13:23
If you don't need a reserve fund, if you're paying down interest in principle that that number is going to be significantly lower. 00:13:31
Yeah, we can't make that payment right now. I, I, I have a problem with that. That's, that is a Max payment. That's not, we're not 00:13:38
saying that's what the payment is. I understand, but it gives them the the flexibility to go up to that. 00:13:44
I I would love to see it a 1,000,000, not 1.4 million or 1.46 million. 00:13:52
I think that's too much, personally. 00:13:59
So here's the dilemma that just, so before you can issue a bond anticipation note, you have to do all your proceedings and have 00:14:02
all your approvals in place to actually do the long term financing. So if, if the maximum lease rental is set at $1,000,000, we'll 00:14:10
have to have crow and steeple rerun the map and that's going to limit how much can be borrowed in through a van. And I don't know 00:14:17
that you're going to be able to get to what the purchase price is. I mean, I, I don't have that analysis. 00:14:25
Or the ability to do it. I'd have to have Crow or Steve will run those numbers. 00:14:33
I don't want to hold up the process, but I'm not. 00:14:42
Thrilled with that. 00:14:45
1,000,005 I'm just not. 00:14:47
I think we should have capped that. 00:14:52
Somewhere close to what the money that we have coming in on the current band are in the current CCA. 00:14:54
So I agree with that because we lose control after this, we have no input whatsoever once we sign off on this. 00:15:02
It's incredible again. 00:15:10
I don't understand. I just don't understand. 00:15:14
Here we are. I mean, now we're, we need to close on this, we need to close on this because we, you know, we're going to risk not 00:15:20
getting the building if we don't close on this before the end of the year. 00:15:25
But. 00:15:32
I'm not happy about it. 00:15:33
Do you not think that the Commissioners will? 00:15:36
Up the CCD rate to cover this, are we? But is that what we want? No, that's not what I want. 00:15:38
No. 00:15:46
I don't support another new tax. 00:15:49
We passed 2 new ones last year this year. 00:15:51
With this can be covered. I've done the numbers. 00:15:56
This without any with with point 8.5 million, another million and a half in renovations. I haven't put any soft cost in here. I 00:16:00
don't know what that would be, maybe another half million. 00:16:07
I'll go ahead, Denise. They're, they're assuming, so this is against Stifel's analysis that what you just mentioned the purchase 00:16:14
price plus a little bit like the million and 1/2 for renovation equipment plus soft cost. They're, they're sizing the ban at 00:16:20
10,230,000. That's kind of their, their working number. And I have 2,000,005 and if I do the numbers on that on a 5% interest rate 00:16:27
over 25 years, it's 700. 00:16:33
That's the ban. That's over A5 year term. That's just the ban, that's an interim financing so. 00:16:40
The way that would work is that there's going to be a balloon payment due that maturity no later than five years. This is where, 00:16:46
again, if you do the bonds, most investors are going to want to reserve funds. So that's going to be another 1.2 million of bond 00:16:52
proceeds. You got to set aside the reserve fund. 00:16:58
That's that's how that increases the size of that. Again, there are options we could look at instead of funding that with the bond 00:17:06
proceeds, we could look at like a surety policy. That's where you basically hide A bond insurance and pay a premium. 00:17:12
They provide a credit facility. You put in reserve funds that you reduce what you what you borrow, but that's a whole process you 00:17:19
got to go through. You have to get the bonds rated. 00:17:23
So I think they're again, they don't know all these things right now on the long term finance. They sort of look at a worse worst 00:17:29
case scenario. 00:17:33
So the problem is putting the band in place that's causing us to go up to this, this, this 1.4 million. So why are we putting a 00:17:38
ban in place? Why don't we just go ahead and run for this? 00:17:44
We just can't get the bonds issued in time. 00:17:51
CCD fund rate, which is the I think .0167, yeah, we can't look at and assume that that rate is actually going to be increased. 00:18:24
So it makes it very challenging I think right now. 00:18:34
From what I think Stifel told me, if they did the permanent financing, the revenues to cover debt service would be like maybe a 00:18:38
1.1 times or 1.15 times coverage, which is really thin. So a lot of lenders when they see a revenue deal, they want to see like 00:18:47
125% coverage of revenue to debt service. So it would be very challenging right now to do the long term financing based upon that. 00:18:57
The tax status of the bonds and the current CCD fund rate, well, can't we do an all revenue bond? 00:19:07
Versus just a CCD bond. 00:19:15
I know I'm asking a lot of questions and I wish we would have had input in this before. 00:19:18
But here we are. So I'm sorry, I'm asking so many questions. Yeah, so there's that raises a couple other issues. So right now, so 00:19:24
the cost of this project, let's let's just call it even 10 million for easy math, it's not subject to either a petition, 00:19:31
remonstrance or referendum process. And that's because it wouldn't be paid from a property tax levy outside your Max levy, right? 00:19:39
Because your CCD fund is part of your Max levy. The whole control projects, referendum process, none of that. 00:19:46
So when I hear this thought about general revenues, I get a little worried because I say, is this now a control project that we 00:19:54
have to worry about? 00:19:59
I also wonder when I hear the term general revenues pledge and some people do that, are there any prior claims on any of those 00:20:04
revenues? Again, what what revenues are we talking about? Would they be edit revenues I. 00:20:10
Jim Fund, is it the legacy foundation? I mean, I think of all available revenues as a very amorphous concept. And then the the 00:20:17
trick to all that Denise is like any revenue deal, you usually have an additional bonds test. So like in this in this resolution 00:20:23
before you tonight, you'll see in Section 3 this issuance of the parody obligations. The reason you do that is because you're 00:20:29
telling future. 00:20:35
Future bondholders and we reserve the right to issue additional obligations. So on all available revenues pledge, how do how do 00:20:42
you work that you know and do you have any subordinate obligations or senior obligations already out there? That's what worries me 00:20:47
with that. 00:20:52
We can't do an all funds bond anyway. 00:20:59
We, we just went through our budget process today. We're not, we're in no position to do that anyway. 00:21:02
Brad, I got a question about you know you do this a lot and you and you've looked at our overall. 00:21:08
You know what we're trying to accomplish, I. 00:21:15
And I just wonder from your from your professional opinion. 00:21:19
Is this, are we on the right path? Are there other options we can can consider? Because I will say, I mean, I would have really 00:21:24
appreciated a workshop or something on this to get my head wrapped around what it is we're that we're. 00:21:31
The the proper funding mechanism. 00:21:39
To purchase this building behind purchasing it, there's a lot of upside to it, but I just. 00:21:41
I'm really trying to get my head around the financing part of things and I just. 00:21:48
Playing catch up again because it's it's not something that I'm that I've been familiar with other than reading supporting 00:21:52
documents and still didn't really get a lot of clarity with that. 00:21:57
Well, I guess just in terms of your first question like is this the proper way? So I was not involved in the implementation of the 00:22:03
CCD fund or that rate. But I did see the DLGF order that has since come down because there were some objections filed by by local 00:22:11
taxpayers and it looks like the intent of putting that CCD fund great into effect was was for. 00:22:20
Redoing the county's seat, the city county building to become a judicial center. 00:22:31
Part of which means you've got to relocate these these kind of office spaces. So this looks like the first step in that whole 00:22:36
overall sequence. So when you sort of ask the question, is this the proper channel? I would say it seems like that's why the CCD 00:22:43
fund was implemented was really for these types of projects to move existing county offices out of there. 00:22:50
So, so I guess that's one way to answer that question. I don't know what other sources you want to look at. That wasn't quite my 00:22:58
question. My question was the, the CCD of course, was put in place for, for stuff like this, but the band versus bond, you know, 00:23:05
are we and then the rate in which, you know, the Max ask those type of technical questions. Are we on the right path? 00:23:13
Yeah. 00:23:24
And and Brad, I think. 00:23:26
So I don't know that there's a lot of room here as far as like for extra things. I mean you could look at downsizing a little bit, 00:24:02
but the purchase price is what it is, the 8 million, 650 plus some some soft costs. 00:24:08
And and and again. I just don't have the answers. I don't have the the. 00:24:17
The software here to rerun these numbers as we speak. It's just the best way to accomplish what we're trying to do. 00:24:20
That's the question. 00:24:27
Did you hear my question, Brett? 00:24:29
Yeah. Yeah. I guess just to mean in terms of collaboration, is that what you're kind of getting at to, to figure out how to 00:24:31
finance these kind of projects or? 00:24:35
And, and look, I'm not trying to be evasive here. I just, I don't know what kind of negotiations and thought process have gone on. 00:24:40
I know there's, there's these joint meetings monthly with the council and commissioners. I guess I thought some of that I'd 00:24:46
already, granted, already covered, you know, last year with the CCD or earlier this year with, with this purchase agreement. So I, 00:24:52
my apologies if there's not. I'm not trying to put you in the middle of anything. I'm just trying to pick your brain with a, with 00:24:58
a professional opinion. 00:25:04
I think it's important to keep in mind. 00:25:10
That this is a Commissioner created tax. 00:25:12
Created for. 00:25:16
Capital improvements this is not. 00:25:19
This is the Commissioners entering into this. 00:25:23
Ban and bond through this new building Commission that they've created. 00:25:26
This is not. 00:25:31
A liability to the Council per SE, because we're not asking to put general fund money into this. 00:25:35
It's up to the commissioners and the Building Commission to make the right decision. 00:25:42
On the financing option going forward and to make sure that they have that payment covered out of CCD funds. 00:25:46
I don't think anybody's questioning. 00:25:54
That we're questioning the finance part of this, which is our fiduciary responsibility for the county. 00:25:56
And so I completely disagree with what you just said. 00:26:06
So if we do a five year, just rough numbers, if we do a $10.4 million ban for five years with a 5% interest rate. 00:26:18
We're gonna have a pavement of about $2.4 million. No, that is not how it works. It is not amateurism that way. Well, it's not. 00:26:35
OK, So help me out here. 00:26:41
I pulled up some numbers that Steve had prepared and what they would propose is that during the five year term of the ban, which 00:26:48
again that's maximum, you don't have to do a five year term, they would they would size debt service on the ban to match up with 00:26:54
your existing. 00:26:59
CCD fund revenues more or less that they're showing a payment of about 665,000 a year from CCD going to pay down the ban. But but 00:27:04
as as Danny, you mentioned at the end that that's not fully amortized. So at the end there's going to be a balloon payment of 00:27:12
what's still outstanding and then that would get re amortized over the term of the bonds which would be up to 20 years. 00:27:21
How large would that balloon payment be? I mean, how significant would that be? Well, the balloon payment would be the amount that 00:27:29
we finance it's and it's that would be a Max number on that, that would be the bond. 00:27:35
12 point no. So the maximum amount of. 00:27:42
And by anticipation that could be issued is 10,500,000. 00:27:46
And the maximum bonds that could be issued when you get to that point would be 12,500,000. And the only reason for that is, you 00:27:51
know, we don't know. Are you in fact going to amortize principle of the ban? Are you going to need a reserve fund for the bonds? 00:27:56
That's why it looks really high. 00:28:02
But you have to look at worst case scenarios to say, have you authorized the issuance of the bonds? 00:28:08
Within parameters so she could take out the bands in a worst case scenario. So we're gonna pay $660,000 annually until we decide 00:28:13
to pay off the ban and then we'll issue the bonds. 00:28:20
And have a a rate, hopefully we'll have a payment. 00:28:27
That matches also somewhere around that 850,000 and if the CCD brings in more, we could pay more than the 660,000, we could pay 00:28:31
the interest ahead, we could pay principal down, we could pay some cost and. 00:28:39
I think I'm getting closer to being OK. I think I'm getting closer. And the last thing just to just to kind of complete this 00:28:47
thought. So yes, as Danny mentioned, like look what we don't know is what will the actual rate get raised to? I mean make you 00:28:53
know, maybe it goes to the Max, I don't know. But you also have to remember this is a rate controlled fund. So the rate is what it 00:28:59
is. If assessed value grows, that means the revenues for CCD fund will also grow. And and we can't, we can't project some some 00:29:05
revenue growth we keep. 00:29:11
Because you have to look at kind of a. 00:29:17
Again, I hate to keep saying it more of a worst case conservative scenario. 00:29:20
OK. 00:29:24
And none of these numbers are in the. 00:29:26
Ordinance that we are approving tonight, the only thing the ordinance is doing is giving the go ahead to move forward with the 00:29:29
process of getting the funding in place. 00:29:35
But none of these numbers exactly right. None of these numbers are in that. 00:29:41
Yes, so, so really the the lease agreement itself has the maximum annual payment that one million 461. But if you went and looked 00:29:46
at the commissioners resolutions or the OR the building corporations they met. 00:29:52
Last six last Tuesday and Thursday, I believe those numbers are in there. You would see those maximum principal amounts for the 00:30:00
bands and for the box. 00:30:04
So once again, I'm going to ask what Brad asked. Is this the best way to go? Are there other options you feel if you do this every 00:30:11
day? I know you do. I'm just asking the question so I can get myself comfortable because I feel like that's my role. That's why I 00:30:16
was elected to do. 00:30:21
So you feel like this is the correct path forward. 00:30:28
I do feel like. 00:30:36
The parameters here, there's not really any fat on the bones, so to speak. This is this is enough to buy the building and do just 00:30:38
a little bit of renovations. There's not a lot of fluff in here in that sense. In terms of the band versus bonds, I do think bands 00:30:44
is the better route right now because it preserves your flexibility because you don't, we don't know certain things. We're 00:30:50
assessed values grow, what interest rates are going to do what, what's the mix of governmental use versus private use of the 00:30:56
property. So I look at. 00:31:02
Say we're gonna know a lot more clearer picture by the time you do bonds. So I'm comfortable in that sense. And I don't know, 00:31:08
Denise, if you're asking about like source of repayment and is this the best structure? I mean, this is clearly an Ave. to do it. 00:31:14
I mean, are there other options? I don't I don't know. I don't know what the county's financial state is, if there's other better 00:31:19
scenarios here, OK. 00:31:25
When will the banned payment start? 00:31:31
Most likely I got to think about this if we were to close. 00:31:35
I mean, look, we were looking at if we close on the ban. 00:31:40
Like end of October, normally your first payment would be. 00:31:45
Probably August of 25 we could, we could do a first payment in February of 25 if there's money still in the CCD fund from from pay 00:31:50
24. And again, I don't know the answer to that. I don't know if there's any unrestricted dollars, but if there's money there, you 00:31:57
could start making payments as early as February 25. 00:32:03
I don't I don't know the answer to that question either. 00:32:11
So I have a question. We've been down this road before with the jail and maybe premature question to ask, but is there a penalty 00:32:14
for paying off that ban early? 00:32:18
Hey, that's a great question. That's a negotiating point. So every. 00:32:25
If you want the ability to pay off more quickly, we're going to have a term sheet that's going to ask for certain things. And if 00:32:31
we want the ability to pay off, start paying off principal in one year or less, we'll ask for that. But if you're not going to use 00:32:37
that right, you don't want to pay for that right and not use it. So that becomes the question. It's a negotiating point. Sometimes 00:32:43
the longer you go, you agree without having the prepayment, right. 00:32:50
You're going to get a slightly better rate because they're going to lock in their investment for longer essentially. 00:32:57
But on something like this, I would say at least get a prepayment right after two years. Maybe you cut it short or it is a year 00:33:02
and we can look at different, we can ask for different, different options. That's very common that in other words, when banks bid 00:33:07
on this, they'll just say here's our rate if it's a one year prepayment, here's a rate with a 2 year prepayment, three years, so 00:33:12
on and so forth. 00:33:17
Do we have a motion on this? I'll make a motion to approve. 00:33:26
Floyd County Resolution. 00:33:30
2024 Dash 03. 00:33:32
2nd we have a motion and 2nd. 00:33:36
Is there any further discussion or questions? 00:33:40
Seeing none all in favor say aye. Any opposed? 00:33:44
That carries. Thank you, Brad. Thank you so much for the clarification. Sorry for all the other questions. 00:33:48
Thank you. Thank you. 00:33:55
All right. 00:33:57
Good evening. Good evening. I'm Rhonda Boyd Alstad. I'm the new A Todd director. 00:34:05
As of March, I'm the person that does our comprehensive community plan for the Indiana Criminal Justice. 00:34:09
Institute the behavioral health section of it and so this money has been collected it's a mandated through the state it's 00:34:15
collected it's already been collected. This is from the previous year's collections through our court system. And so I'm just 00:34:21
asking that you approve the amount that the state. 00:34:28
Approved in the plan Motion to approve to a second. If a motion is second, any questions or discussion? 00:34:35
All in favor say aye. Any opposed? 00:34:43
Thank you, that was a lot easier than that. 00:34:46
Matt Dennison, you're up again. I'll make a motion to approve. 3A. He addressed this issue earlier in the budget hearing. It's 00:34:51
just to match what the bill is going to be for this year. 00:34:56
Got a motion on the second for 3A. Any discussion or questions for Matt? 00:35:03
All in favor say aye aye. Any opposed? 00:35:09
Thank you, guys. Thank you. Have a good evening. 00:35:12
Mr. Lurch. 00:35:18
Good evening. 00:35:20
Motion approved for a just transfers. 00:35:25
We have motion a second for the public defender transfers. Any questions, discussion. 00:35:29
All in favor say aye. Any opposed? 00:35:36
That carries. Thank you. You're welcome. 00:35:39
Kim, you're up. 00:35:42
Move to approve 5/8. 00:35:50
2nd, we have a motion, a second for 5A discussion. Did we just approve this last month? Yeah, but we didn't put it no one items. 00:35:54
So I guess that's what we're doing tonight. 00:35:58
Put it in the running. 00:36:03
Because we approved this expansion last month, didn't we? 00:36:05
Yeah, You proved the money, but we didn't appropriate it into the line, Right, right, OK. 00:36:07
Any further discussion? 00:36:15
All in favor of 5A say aye aye. Any opposed that one carries Motion to approve 5B. Second motion a second for 5B. 00:36:16
Questions. Discussion. All in favor? Say aye. Any opposed? 00:36:27
Mr. Don Law. 00:36:35
Good evening. First on this request a new line item for 44509. 00:36:46
000400001 Construction. 00:36:53
Motion to approve 6A. 00:36:57
Second motion is second for the new line item. 00:37:00
Any discussion? 00:37:03
All in favor say aye aye opposed. 00:37:05
Then asking for appropriation for that line item, excuse me, 4509000400001 construction of $2,000,000. 00:37:07
Move to approve 6B. Second motion and a second for 6B. 00:37:17
Questions for Don. 00:37:23
New Discussions A TIFF? A TIFF? 00:37:26
Generated $6 million already. 00:37:29
Is that right? Is that what that says to me? 00:37:32
No, this is a bond. This is a bond. 00:37:36
OK, it's in the TIF non reverting fund. 00:37:41
But it's a bond. It is a bond. Gotcha, that makes more sense. 00:37:47
OK. Any further questions? 00:37:53
All in favor 6B say aye. Any opposed? 00:37:57
That one carries. 00:38:00
See Is a request a new line item 4400 zero 003000 on one debt service. 00:38:01
Motion to approve. 00:38:10
Second motion and a second for 6C. 00:38:12
Any questions? 00:38:16
All in favor say aye. Any opposed? 00:38:18
Next is. 00:38:22
Appropriation of that fund 4400 zero 0 zero 3001 debt service for $515,729.12. 00:38:24
Motion to approve. 00:38:37
Dagger motion and 2nd for 6D. 00:38:40
Questions. Discussion. 00:38:43
Have a fun balance of 0. 00:38:46
Money in that. 00:38:48
The 515,792. 00:38:52
Yes, Sir. All right. Any further discussions? 00:38:59
All in favor of 60. 00:39:03
Say aye. Any opposed? 00:39:05
That one carries. 00:39:09
Motion approved 6 E 2nd. 00:39:11
Motion a second for six East. 00:39:13
Any discussion? 00:39:16
All in favor say aye aye. Any opposed? 00:39:18
That carries as well. Good evening. 00:39:22
Motion for seven A to transfer. 00:39:25
Second motion and a second for seven a discussion. 00:39:28
Excellent decrease in line items. All in favor say aye aye. 00:39:33
It shows us a decrease, yes. So the decrease and increase. 00:39:42
It's a misprint. So this. 00:39:47
Decrease so the bottom when the plat room is flat room office is supposed to be the increase. OK, so I'll modify a motion to. 00:39:49
Do the transfer. 00:40:01
Of levy bonuses decreased that by $417 and 76 and increase. 00:40:05
The line I'm below that to platform office for at the same amount for 1770 cents. 00:40:12
Oh, the department should be 000. OK. 00:40:22
2nd. 00:40:25
Revised motion and 2nd, any discussion on that? 00:40:27
All in favor say aye aye. Any opposed? 00:40:31
That carries. 00:40:34
8A is an additional appropriation to. 00:40:43
The 1000 there could say 1002. 00:40:47
Seven group health insurance This is the remaining balance that Michelle Portwood emailed out to you all after the last meeting 00:40:49
concerning the amount that needed to be paid into the non reverting health fund from the end of the year. Balanced last year 00:40:54
agreement that was made between the council and. 00:40:59
Gloria and I made a. 00:41:05
Executive decision to put it in a line that. 00:41:08
We're going to actually pay it out of the general fund at the end of the year anyways into 9002. So we just figured we'd pay it 00:41:12
out of the general fund now instead of later. So when we talked earlier about defunding the 700,000, this is really this is, this 00:41:19
doesn't have anything to do with the 700,000. This was not 23. The remaining balance in 23, the agreement made between. 00:41:25
The Council and the Commissioners, so I. 00:41:32
I'm just requesting the additional appropriation so that we can actually complete that transaction for you all It's carry over 00:41:35
cash is your appropriating into the line item, putting it into a line item so that we can then put it into the correct fund. 00:41:40
That's correct. 00:41:45
Motion to Approve 88. 00:41:54
Second motion in a second for 88. Any further discussion? 00:41:57
Seeing none all in favor say aye. Any opposed? 00:42:05
That cares. 00:42:09
8B and C kind of go together, will not come if they do go together. This is what I brought before you all at the last council 00:42:11
meeting concerning the prosecutor and his Title 4 coordinator. We did not get to advertise or create a line for that supplemental 00:42:18
salary. So this is just finishing up. That is the last step for that clean up. 00:42:25
Move to approve 8B and C. 00:42:35
2nd. 00:42:40
Have a motion for 8D and C discussion. 00:42:41
All in favor say aye aye. Any opposed? 00:42:48
Thank you. 00:42:51
D&E. 00:42:55
Are some more cleanup. You all had a lovely e-mail chain concerning an issue where one of our departments. 00:42:57
Made a new position and and filled it. So this is being able to pay for that position. 00:43:05
It was approved via e-mail to let them keep that position and not take it back, so we do need to be able to pay them. 00:43:16
Motion to approve 8D and E. 00:43:23
Second motion for 8D and E discussion or questions. 00:43:26
All in favor say aye. Any opposed? 00:43:33
Those 2K. 00:43:36
F is I'm covering a transfer on behalf of Judge Hancock. 00:43:38
Motion to approve a. 00:43:44
Yeah, second motion and a second for a death. 00:43:46
Any discussion? 00:43:51
All in favor say aye aye. Any opposed? 00:43:53
Thank you. Thank you. 00:43:57
9A is ordinance concerning transfers. 00:44:01
2nd. 00:44:11
Have a motion a second for not a any discussion. 00:44:12
All in favor say aye. Any opposed? 00:44:16
That carries. 00:44:20
Motion to approve. 00:44:22
But I want to break it out into. 00:44:24
Two separate contracts, so the motion would be. 00:44:27
Emotions for 9B merit officers contract first. 00:44:31
We have a motion for 9B1. 00:44:36
Sheriff's Department contracts. I'll second it. 00:44:39
Any discussion? 00:44:44
Yeah, like. 00:44:45
Go ahead. 00:44:47
Like to make a statement regarding this. 00:44:48
Had to get my thoughts down so bear with me for a minute while I read this. 00:44:52
I believe that the good men and women of the Sheriff's Department that serve our community in an apology. 00:44:58
I believe you got caught up in the middle of. 00:45:05
This function that exists on this Council. 00:45:08
Your representative on the bargaining teams. 00:45:12
They did their jobs. 00:45:14
But our representatives from the Council didn't do theirs when it came to sharing necessary information. 00:45:16
It is the first time in my tenure that I've experienced this type of failure in the bargaining process. 00:45:23
This process was not transparent. 00:45:27
I've heard over the last two plus years. 00:45:32
About not being transparent. 00:45:35
When I was in leadership of the Council. 00:45:38
I find it ironic. 00:45:40
That they're doing the very same thing that they accused me of doing. 00:45:42
I have never, nor would I, keep any other member of the Council. 00:45:46
In the dark on the details they needed. 00:45:50
To make an important decision like this one. 00:45:53
I recently learned that a member of the bargaining unit. 00:45:57
Left the committee. 00:46:00
That person was Jim. 00:46:02
And notify council leadership. 00:46:04
But the rest of the council wasn't notified of that. 00:46:06
They should have been replaced. 00:46:10
Because it requires agreement, requires three people from the Council to sit on that committee. 00:46:11
I would have gladly have served on the committee. 00:46:17
But I believe it was a disservice to not replace that person to the bargaining process. 00:46:20
I and others on the Council have repeatedly asked for information. 00:46:26
That was barking for. 00:46:30
A comparison of the current. 00:46:33
Versus. 00:46:35
The ask the new contract. 00:46:37
A financial statement of how that would impact the cost of the proposed contracts. 00:46:41
And some of the information is still yet to be received from council leadership. 00:46:48
I've met with Sheriff Bush, Stan Howell. 00:46:53
Cody Bird. Even Phil James. 00:46:57
Had a very pleasant conversation with them. 00:47:00
The requested information that I asked for was was shared and given. 00:47:03
And it was a pleasure working with them. 00:47:08
In my opinion. 00:47:11
The council members on the bargaining committee. 00:47:14
They withheld some information from the other members and forced a vote with some of us in the blind. 00:47:17
In my opinion, they didn't put the Sheriff's Department in a position to succeed. 00:47:23
During the bargaining process. 00:47:27
Given the political nonsense on the social media that happened following last month's meeting, I believe that. 00:47:30
This was a planned event. 00:47:35
And you were taken for a ride for political. 00:47:37
For political games. 00:47:40
The bargaining process was tainted and this whole charade was unnecessary and could have been avoided if the proper information 00:47:43
was shared 2 meetings ago. 00:47:47
I'm disappointed in Danny, Connie and Jason Sharp. 00:47:52
The Sheriff's Department deserves better and the community deserves better. 00:47:56
I'm not gonna respond to that. I will. 00:48:05
When you did the bargaining for? 00:48:10
Communications. 00:48:13
Dispatch. 00:48:15
We weren't given any ask information or anything. We were brought to the meeting. 00:48:18
To pass the contract. 00:48:23
There was still discord at that point, but we trusted that you guys would do your job as council members on the negotiating team. 00:48:27
To do the contracts in good faith, which you all did and we passed it. 00:48:35
The commissioners had already passed that one as well. The commissioners already passed this one. 00:48:40
So that has nothing to do with it. Nothing was kept from you guys, the bargaining. 00:48:44
Process was done. 00:48:50
Just as it has been in the three. 00:48:53
Plus years that I've been here so. 00:48:56
Now I will add one thing. 00:48:59
OK. 00:49:01
You can try to blame me for whatever the the information was presented by Stan that night before the vote, the same information 00:49:05
that you sat down and got. 00:49:09
These people out here. 00:49:14
Know who's trying to take him for a ride? 00:49:16
OK. 00:49:19
And with that, I'll ask for a vote. I'd like a show of hands, please. All in favor. I mean, we're not. We're going to not continue 00:49:21
to discuss this. If you want to discuss, you, go right ahead. Well, yeah, because, I mean, we're not done here. I mean, there's a 00:49:28
lot of information. I mean, I was on that committee. I voiced some concerns right after the very first meeting. But then. 00:49:34
Wasn't when we had the second meeting. I had no idea. I was blindsided, but an offer was being made then without me knowing the 00:49:41
details of it. And I'm just sitting here stunned. That's why I withdrew from it because I had no input on this. I had no 00:49:49
knowledge. And I'm perturbed by the commissioners not discussing it with us before they approve this because I think this is a 00:49:56
scenario where the expense of this needs to be realized. It's very, it's very high. It's very expensive. 00:50:04
And I think at this point, the commissioners should have made the opportunity to make other concessions elsewhere to help offset 00:50:11
these costs. And they have not done such a thing. I mean, we brought up this employee benefit package before, had a special study 00:50:18
done, and nothing happened. And I mean, there's up to $1,000,000 worth of revenues that can be saved from those benefit packages. 00:50:25
But yet none of this came into play. So I don't think any of this is fair to the council to get dropped like this. 00:50:32
And it's clearly not fair for the Sheriff's Department either. I mean, I agree. I mean, I'm sorry about this. You've all should 00:50:40
have been put in this place. It should have been handled much better way before this point. 00:50:46
I'll say something as well. 00:50:52
This process was. 00:50:55
Not handled well at all and I apologize to every person. 00:50:57
That got in the middle of this. This was never a no for me. 00:51:01
As as it was said, it was, it was never enough. It was wait, let's get the information together. Let's understand what we're 00:51:06
voting on before we vote. 00:51:12
I have that information now. 00:51:19
And I believe that the good men and women, just as, as Brad said, deserve the raises. Do I agree with everything in this contract? 00:51:22
I do not. But I believe wholeheartedly that the raises need to go in place. So I will be voting for this tonight. 00:51:31
Everybody's making a statement, might as well make one. 00:51:42
This, in my view, from where I said this negotiation slash contract with the commissioners. 00:51:46
It's no different than any other contract that I've been since I've been sitting on this body. 00:51:52
The negotiating team gets together. 00:51:58
They come up with a contract, it's it's passed by rank and file, it's passed by the commissioners, it comes to the council we 00:52:01
plant. 00:52:05
This, in my view, from where I sit it, there's nothing, nothing different this time around than it has been the last. 00:52:10
I guess we'd negotiate a contract probably for three times since I've been on this body. 00:52:18
And it's no different this time in my view. And maybe I could be all wrong and maybe I'm just. 00:52:23
Naive to think that. 00:52:28
It's no dip, but it's it's exactly the same as it's been the last since I've been sitting on this body. 00:52:29
Every contract Rd. workers contract. 00:52:36
As Denise, I mean Connie alluded to the the dispatchers contract. 00:52:39
Like I stated before, I mean that's the whole reason why you have committees. 00:52:45
We don't want 140 employees sitting out there with ten of us up here trying to negotiate contract. 00:52:49
I mean, so I'll just state that I don't see any different this contracting plus the other contract. 00:52:54
And it's our job to fund what the commissioners. 00:53:00
Pass. 00:53:04
I I guess I'll just say that just right along with Denise's. 00:53:13
Decision delayed for me a decision. 00:53:19
Delayed was not necessarily a decision denied. 00:53:23
And we did, we asked for the information, we received it. And I would just like to thank all of those individuals who did come 00:53:29
together, the auditor, the Sheriff's Department, the members of the council that allowed that was a forthcoming with the 00:53:37
information that we needed. So a decision could be made. And I will be voting yes as well. Thank you. 00:53:45
I mean, I could get in line with this thing if we got some concessions by the commissioners, since which we should have gotten the 00:53:54
1st place, but they need to have some skin in the game. And right now it's all the burden is on the council. So I mean, I can't, I 00:53:59
can't justify that. I just don't think this is done correctly. 00:54:05
And we just had the same thing in this meeting just a minute ago on this and this other bond issue. I mean, we're being left in 00:54:11
the dark again without information from them. Why? Why do they feel like. 00:54:16
We shouldn't be a part of these conversations. 00:54:22
Jim, I agree with you. I think that. 00:54:25
We do need to be a part of. 00:54:28
These conversations and hopefully we can address that maybe at our meeting on Friday, but also think that it's not fair to hold 00:54:31
these people hostage as a result of that. 00:54:37
What you did for? 00:54:44
Call for the vote. 00:54:49
All in favor, please raise your hand. 00:54:50
All those opposed. 00:54:53
Merit officers contract carries. 00:54:56
Thank you very much. We're on to the corrections. 00:54:58
Motion to approve 9B. 00:55:01
2 with the caveat that there's a memorandum of understanding. 00:55:05
Put in there about sick time that we can. I'll discuss that during. 00:55:12
I'll second it. 00:55:16
Just on behalf of the bargaining committee for the county, and I know this process was, you know, a lot of back and forth, a lot 00:55:22
of stuff going on behind the scenes. 00:55:26
I just wanted to say thank you on behalf of the merit officers and our bargaining committee for working this out, working with us. 00:55:32
You know, I've been doing this for a few years now. I'm just taking this. No hard feelings on whether you voted for it, didn't 00:55:38
vote for it. You know, we're taking this as a coachable moment. Things will be better in the future. We'll get better at this as 00:55:44
we go forward. So learned a few things, but thank you all for, you know, helping us get better in the process. So everybody that 00:55:49
was involved. 00:55:55
Yeah, or no. Thank you very much. 00:56:02
It's Cody. 00:56:04
All right, we do have a motion. 00:56:07
A motion, not a second for the corrections officers contract. So I understand that you're yes, Connie, I'm sorry, I understand 00:56:13
that you wanted some language clarification in that contract. Can we not go to the commissioners and ask them? 00:56:20
To do the same thing, and I'm sure they would. 00:56:29
Think if if if it passes here. I'm sure it would it would kick over to them to ratify it. I'm assuming you know if that's the 00:56:32
right terminology. 00:56:36
Standpoint, if you all choose to vote for a clarification in some language, Mr. James will will speak on that here in a second and 00:56:42
I can speak on it. But yes, if you all choose to take that route, we would have to go back before the commissioners. In my 00:56:47
opinion, legal can jump in if they like, but I think you have to go back for approval from that as well. So this is my question 00:56:52
and and I think that was. 00:56:57
Maybe I said it wrong. 00:57:03
They meet next week if we right, but if we pass it tonight. 00:57:06
That way you guys can budget, you know it's going to pass with everything else. 00:57:11
Under the understanding that we put that in there, take it to the commissioners and then we can go next Friday and vote on that 00:57:16
particular verbiage. 00:57:21
Change in the contract, Well, can we not do that? 00:57:27
Now, if y'all vote tonight, we're asking to approve the contract. 00:57:30
So to me, you have two options. You prove the contract as voted on this commissioners as is. And then if we want to do something 00:57:34
later, we could change the clarification or if that's what I was saying, but if Brad's making a motion for clarification purposes 00:57:41
again, I'll let Phil, let's let him talk, baby. And then under discussion, we can discuss. Can I explain the clarification Then I 00:57:48
think you can fill in the blanks, the clarification that I'm looking for, whether it's a memorandum of understanding. 00:57:54
Mou in there is. 00:58:02
Regarding sick time. 00:58:04
There is, and you can correct me if I'm wrong, but about 70% of correction officers are on a 12 hour shift, correct? And about 30% 00:58:07
are on an 8 hour shift. That is also correct. 00:58:13
The sick time was given as a 12 hour sick day across the board to even people that were not working at an 8 or that they were not 00:58:19
working a 12 hour shift. And so that's one provision that I just want clarify because I don't think it's the intent that. 00:58:27
The officers that are not working 12 hours shifts still receive a 12 hour sick time. 00:58:36
Also the clarification is that if there is in the event in anytime in the future that the 12 hour work day gets changed to any 00:58:44
other time that the sick time would follow that work day schedule. So that's all I'm asking for in the clarification. Well, and I 00:58:50
think we came up with some verbiage that kind of clears up both of them at the same time so you don't have to have. 00:58:57
Cleared up and then another. 00:59:05
To explain that if the schedule changes. So we kind of, I talked with a lot of the guys who were on 8 hour shifts and I didn't get 00:59:07
a single no from any of them. 00:59:12
That to change it back to the eights for the 8 hour shift people. 00:59:17
And that was never our intent to get extra days. 00:59:22
But it was the intent for. 00:59:26
If you're on 12 hour shifts. 00:59:28
You only could take 5 and a quarter days off. 00:59:30
And I heard a lot about the council. I mean, excuse me. 00:59:35
The county employees went down to six days. Well, they're not even getting the full six days. So that was the intent was to try to 00:59:40
get them to what they deserved. 00:59:45
Umm, the verbiage. 00:59:50
If we. 00:59:53
We were wanting to put in like 8 regular regularly scheduled work days. 00:59:54
So that kind of shows up if you're working eights if our schedule changes. 00:59:59
It's it's whatever you're scheduled to be there for that day. 01:00:05
So I think that kind of shores up both aspects as. 01:00:08
Eights and twelves. And if for some reason we change our schedule altogether and we go to 16, well, I'm not gonna say 16. Don't. 01:00:12
Not 16. You go down 4 hours, four hours. 01:00:19
So it would be, it would be retroactive to that 4 hour schedule. And I think that sure that both of your concerns, I'm good with 01:00:26
it. You're working hours are contractual, is that correct? That is correct. So if there was a change that then the contract would 01:00:33
need to be renegotiated or another letter or something because I believe that's what happened when we went to 12. 01:00:41
I just didn't want it to get missed as well. 01:00:50
Just one. 01:00:54
There could be another set of, you know, eyes and ears on this somewhere down the line and just want things to be. 01:00:56
Clean. 01:01:03
So like the sheriff said, I don't know what that looks like, whether it's approving it as is and adding MOU or changing it now and 01:01:05
then we'd have to go before the commissioners next week. 01:01:10
Well, I think we change it. My stance is we change it now and just you guys go to the commissioners to ratify it and it's done. 01:01:16
They meet next Tuesday. 01:01:23
So the motion would be. 01:01:25
To ratify the corrections contract with the change that. 01:01:27
Garbage that he just gave us. And then what? Philip explained. And then when we pass it, you'll take that back to the 01:01:32
commissioners for their passage. That's that's probably the cleanest way. Yeah. So that's we can read what he's got here. Sure. 01:01:39
Read it into the record. That's fine. It says Section 19.2 Corrections Employees shall be entitled to 8 regularly scheduled work 01:01:45
days per year, which shall accrue as the first day of each calendar year. 01:01:52
And nothing about. 01:02:03
The you don't, you don't have to because the 8:00 work days goes to 8, it goes to 12 is. 01:02:05
Regular days it's not ripped down to hours. Yeah, if I'm if I'm scheduled to work 8 hour days, I would get an 8 hour sick day. So 01:02:11
it it would vary from if. 01:02:17
If we went from 12:00 to 8:00 or back to eights. 01:02:24
That would have. You would have to figure out who. 01:02:29
How much time they have left and you'd have to retroactive that because I think they calculate it with hours. I think they're 01:02:33
still a little shy. 01:02:37
Days. How does somebody gonna look at that and translate? 01:02:43
A day as 12 for you guys, but eight for another person, so I think it's almost there. 01:02:47
I can we just put in parentheses IE 12 hour regular days equal? 01:02:55
But that doesn't share the second point. 01:03:05
We would have to make it a page long if we put all that in there. 01:03:08
The the people who are in the positions and the schedule that they work is contract. 01:03:12
Correct. 01:03:17
So, so if if we were to change our, if we said OK, we're not going to 12 anymore, we're going to go back to eights if the sheriff 01:03:19
decided that's what we wanted to do. 01:03:24
We would have to come before the council and you'd have to change the. 01:03:29
Hours because in in in the contract it states 12 hour working days is from 6:00 to 6:00. 01:03:32
And eight hours is from. 01:03:39
8:00 to 4:00. 01:03:41
That's essentially what I was going to. The contract spells out the 12 hour shifts in the 8 hour shifts. So it's not in that 01:03:45
particular spot of the contract. 01:03:50
So I'm just thinking, would that not cover what it is that you're looking for? I guess The thing is, is like a tracking if, if 01:03:59
and, and you, you know, Philip, you said that you're on an 8 hour day. 01:04:05
And there's 8. If the contract says you get 8 sick days, well your day is 8 hours, but somebody else that might be on a 12 hour 01:04:12
shift. 01:04:16
Their their their day is 12 hours. 01:04:22
That's fine, but it doesn't specify that maybe that's just a management thing that, you know, stand in the sheriff can put it in 01:04:24
the system that whatever officers day that is, that's that's either 12 hours or 8 hours. That's all I'm looking for is to clarify 01:04:29
that. 01:04:33
So if that solves it, stand. You're looking like you're deep in thought. 01:04:39
I absolutely understand what the end game is. 01:04:45
And I can make we can make that happen. Obviously with the software program that we've got. I'm not sure how what the best 01:04:48
language is agreement, but we truly understand in the intent of what we're talking about here will definitely carry forward into. 01:04:55
The software programmed with managed the way the Rs rewarded. 01:05:03
Just trying to trying to think of the right way to frame it. 01:05:07
The language. 01:05:12
So then would it would a day, let me ask you this day, and I know you kind of tracked that in precinct manager if I'm not correct, 01:05:14
if I'm not mistaken. 01:05:18
If the contract states 8 days. 01:05:22
Would that translate to you? 01:05:26
Depending on the officer, a day is 12 hours. 01:05:28
For what officer did they work? A 12 hour shift for a day is 8 hours. If that officer works 8 hours, does that does that satisfy 01:05:32
and you you can just manage that based on the day that they work? Absolutely. That's exactly how I would. My intent would be to 01:05:38
manage the software application process and the accrual of the hours at the beginning of the year. They an officer would not get 01:05:43
just extra days. 01:05:49
OK. 01:05:54
I think that clears it up for me. 01:05:56
So are we. 01:06:00
Passing this with verbiage change or not? 01:06:03
With what he just read, what Philip read earlier. 01:06:07
Waistband record. 01:06:12
So the so the motion is for a verbage change in 19.2 of the contractor. What you read it you read into the record. 01:06:15
That's my motion. 01:06:22
Is that your second? 01:06:25
Yeah. Second, we have motion a second, any further discussion? 01:06:27
Yeah, I'm just still on the same page. I just don't think this is handled right. It should be going back to commissioners, so. 01:06:31
Can't support it this way. I can't do it. 01:06:38
Say aye aye. Any opposed? 01:06:42
That carries. 01:06:45
Thank you. Thank you very much. 01:06:48
All right. 01:06:50
Agenda item C is. 01:06:54
Kind of a further discussion and maybe some new discussion of. 01:06:57
Lits. 01:07:02
And. 01:07:04
Andy yeah. And the redistribution of lit rates, this can be? 01:07:07
One discussion for. 01:07:14
C&D because of. 01:07:17
It's all one big picture that we're going to be talking about for next year, so. 01:07:21
I. 01:07:29
Went back and just. 01:07:31
I don't know. At the end of last meeting we were kind of saying. 01:07:33
No to the public safety lit. 01:07:37
And just the EMS lit and. 01:07:40
At the time I was, I was with that as well. Since then, I've done a little bit more research and. 01:07:43
Pass those that one if you don't mind. 01:07:53
And I just wanted to. 01:07:57
To discuss the public safety again. 01:07:59
To see if it might be a more permanent option for long term success. 01:08:02
So we're not. 01:08:09
Necessarily. 01:08:11
In crunch mode every year on the budget. So what I handed you was a map. 01:08:14
Of all counties in Indiana and those who. 01:08:19
You know, don't have a public safety tax and those that have it and also have some have public safety and EMS tax like Clark 01:08:25
County has both. 01:08:29
Harrison County has a public safety tax, and all those around us do. 01:08:33
But the reason I'm. 01:08:39
Bring that up is. 01:08:42
Public safety tax is more flexible. 01:08:45
It is. It is a bit of a more expense to the taxpayer. 01:08:51
But. 01:08:56
If you combine a public safety tax. 01:08:58
With the redistribution of the lit rates like we were talking about at the last. 01:09:01
That comes to a total of about $8.8 million. 01:09:07
Available in our budget. 01:09:11
Now public safety can be used for police, EMS, community corrections, probation. 01:09:13
I'm not sure what else is in there, but. 01:09:21
So it could ease budgets for community correction. 01:09:25
Community corrections and probation if there's they have a bad year with grants or. 01:09:29
It could free up general fund money, general fund money that's going to the Sheriff's Department. 01:09:37
It could pay for. 01:09:43
Whatever you know the next two years of EMS service and beyond, whatever. 01:09:45
We look at through there. It also, it also provides a little bit, I think it provides 159,000 to Georgetown that they can use for 01:09:51
public safety, just a little bit to Greenville. But it for Lafayette, I don't know if it goes directly to the Yes 5 or 600,000 to 01:09:58
Lafayette or Highland, just go directly to Highlander. 01:10:06
So there's money available. 01:10:16
Across the board. 01:10:19
And public safety at the at the. 01:10:20
Max rate is 6.4 million to the county. 01:10:24
OK. Are you talking about a? 01:10:27
Public safety LIT rate of .5%. 01:10:31
That's that's what I'm talking about. 01:10:36
To short my thought process. 01:10:41
Was on. It was basically you know you've got you're talking about maybe increasing the gel lit. 01:10:44
Maybe increase in the judicial it may be. 01:10:52
Increasing the CD, maybe increasing all this stuff? 01:10:55
But if you're going to do 1. 01:11:02
We know we're going to have to have a tax free miss. I mean, there's no question about it. There's no way to fund it otherwise. 01:11:06
There's no, there's just no way. 01:11:10
If you if we know that we need in a lit tax .5%. 01:11:17
We could do more with .5. 01:11:24
Out of a public safety than we could out of a. 01:11:26
Lit Jail. Jail. Lit. Judicial lit. 01:11:31
All of it combined. 01:11:35
And I think that we just need to figure out what that magic number is on. 01:11:38
What is the percentage that we need and how would we? 01:11:42
Because if we do the EMS only that's. 01:11:48
All it can be used for there's we're going to have to come up with either increase in gel lit or the judicial it to offset. 01:11:51
What's going on in the general fund now? 01:11:59
Which is, and the taxpayer hit is. 01:12:02
It's I'm not dismissing that. It's for the EMS lit at .20 it's 100 fifty $150.00 per year for someone earning $75,000 per year and 01:12:06
for the public safety it's 375 per year. 01:12:12
So it is. It is more. 01:12:19
But it's it's way more flexible. It could free up money in general fund for. 01:12:23
Even for future, for parks, for future building construction. 01:12:31
The health department position, that's not going to be funded anymore. 01:12:37
There's, I mean, we just heard, I wanted, I wanted to try to get some discussion around it before we dismiss it totally because. 01:12:41
I think we shouldn't go putting a tax in until we understand exactly. 01:12:50
What it is that we need, and right now what I know we need, are two things. 01:12:56
We need an EMS tax. 01:13:02
That is for the next two years and we need to cover $1.3 million you're you're putting in a tax. 01:13:04
That. 01:13:17
Is going to create revenues of almost $8 million. Did you say $8 million? We only need $1.5 million. We need a EMS LIT tax or I 01:13:19
might be able to go for a public safety. 01:13:27
LIT Tax. 01:13:37
At .1% which is $50.50 dollars. 01:13:38
On somebody that is. Let me go back and make sure I'm saying this right. 01:13:45
$50. 01:13:52
On somebody that's making 50,000 a year? 01:13:55
So we don't need to put in it. We didn't say it needed to be .5. 01:13:59
Well, that's the numbers. That was just the number. That's the Max that's. 01:14:05
OK, but you're gonna wanna do this then we need to know. We need to know. We need 1.5 million for EMS. What else do that? 01:14:09
We need you need more than 1.5 million for EMS. 01:14:20
For the next two years, that's all we need. 01:14:25
That that may be the case, but we're not thinking long term. We're putting another Band-Aid. I'm only going to go to my 01:14:27
constituents and ask for what we need now. Then you're going to ask. 01:14:32
We may we may have to do that, but I. 01:14:39
Not going to ask for more than we need. We have to go to the constituents and ask for what we need that's fiscally responsible. 01:14:42
So then throw in 22,000 for the parts shortage 800,000. 01:14:51
I've got another way to cover that 800,000 for the shares. So but that you're going to take money away from the health department. 01:14:56
They don't have a, they don't need it right now. How are we going to get the building? 01:15:03
You need the money for the building. You need the money to go down that path. 01:15:11
OK. If you all think we want it for the building, that's fine. All I'm saying is give me a list of the needs and let's match the 01:15:16
revenue with the needs. I don't want to talk about passing a tax for $8 million and not know if we need 8 million. Well, that's 01:15:22
why I said we need to come up with an amount on what we need. But we have more needs than just EMS. You've got the health 01:15:29
department position that's not going to be funded anymore by the state. 01:15:35
You've got edit, which is short. You've got parks, which is short, you've got EMS and it's short up. 01:15:42
It is EMS there we need to increase the jail lit to what if you should have done, we need to do that's that's all we need to do 01:15:49
this year. That's all we need to do. 01:15:55
Never mind. So, so, So you're going to ask for two taxes instead of one? Well, I mean, show me the numbers and which makes most 01:16:02
sense. I can put that this was just a discussion. I didn't want to take this one off the table until we. I'm not taking it off the 01:16:10
table. I'm just saying we shouldn't be asking for more than we need. So tell me what we need and tell us the best way. 01:16:17
To get to what we need for the less money for my taxpayers to have to pay. 01:16:25
That's it. That's all I need to know and I don't want to talk about what we need. 01:16:30
Three years from now or four years from now, what do we need next year? The problem with this council for the last 10 years is we 01:16:36
haven't looked out past what we can see in front of us and we and we deal with this every single year, every single year. 01:16:42
There's a year that I've been on this council that we haven't dealt with. Maybe we're just being fiscally responsible. 01:16:50
But it's not because in two more years you're gonna have to raise taxes again. 01:16:56
And you may have to raise them more to offset the deficit. 01:17:00
All I'm saying is let me see the analysis. I don't see any analysis. 01:17:07
I've done some analysis on my own. 01:17:11
We need .1%. That is it. That is all we need for EMS. 01:17:13
It's $50.00 for somebody making $50,000 a year. That's all we need. And what are you gonna do to shore up? 01:17:19
I don't know. We have the, the, the we have to get to the jail, Ed. 01:17:27
We have to. So you're gonna raise the other point, right? 01:17:33
I haven't done that analysis. I don't know, probably raise that one a point. You're going to do an EMS at a point. 01:17:37
You're gonna raise the gel lit 3 three points. I'll tell you what I'll do. I will have all the numbers calculated. As far as I 01:17:45
know, I'm by next Friday. Not this Friday, but next Friday. 01:17:50
I'll bring a list of things I think we should be looking at over. 01:17:57
I mean, we're looking. 01:18:03
We all just sit here and told the building authority that building won't be standing in two years. 01:18:05
That's not for us to settle with a. 01:18:12
Public safety. 01:18:15
LIT Tax. 01:18:17
No, but if it can offset some of the monies, that goes to the Sheriff's Department. 01:18:18
Then that can be used to shore up some. OK, well, tell, tell me what it is because it's not 8 million. I can tell you no, it's not 01:18:27
8 million. But I'm just saying if you're going to raise jail lit, you're going to raise the judicial lit, you're going to do jail 01:18:32
lit one judicial it 3 and. 01:18:38
Add another point. 01:18:44
The EMS. That's a total of five points. 01:18:48
Bring the analysis. Bring the numbers. It's not. It's the same figure. Bring the number. 01:18:53
Bring the numbers. 01:18:57
I've never. 01:18:59
Voted in favor of raising taxes but for me. 01:19:01
For me you did last year at budget time. 01:19:05
I may have approved a rate you did. 01:19:09
Yeah. 01:19:12
It was. 01:19:15
The long term future. Then I'm going to come back again next year and ask for more and then the next year I'm going to ask for 01:19:21
more. 01:19:24
I don't know. You did long term planning in your corporate job, correct? I mean. 01:19:33
And I can do that. I can do a five year plan. 01:19:39
OK, well, what maybe that's what we should look at is how we cover five years. 01:19:44
That's fine. We'll we'll bring some information to. 01:19:50
We got till. 01:19:57
End of October capacity any Lt. or. 01:19:58
Rate change. 01:20:03
Yourself. 01:20:07
Go ahead. I we've been down this discussion before. 01:20:10
And you all know my feelings on a lot of this stuff, but. 01:20:15
Public safety tax we have to give a lot of. 01:20:18
We take the arrows for raising to some another entity. 01:20:22
So it like to thesis point. 01:20:27
Just to your point please. 01:20:30
We need to figure out what that county needs, not we're worrying about distributing it to Greenville or New Albany or Georgetown 01:20:32
or whoever others they have the ability to raise their own taxes. 01:20:37
In my view. 01:20:43
But that's why we talked about. 01:20:45
The judicial it we talked about public safety, but yet the impact of the taxpayers because we're giving away half of our money up 01:20:48
front to to meet our needs with the public safety tax. 01:20:54
With EMS, EMS live, we get to keep all that course. We've discussed it be the right thing to do to give the city part of it 01:21:01
because they're they're being taxed, but. 01:21:06
It's just. 01:21:11
And I, you know, I don't like this term. The county, the city that counts, the city, the county, but. 01:21:14
We're I just I'm really. 01:21:20
Comfortable. 01:21:23
Given ungrateful people a lot of money that. 01:21:25
Then they get to say we don't raise taxes, but the county raises taxes all the time. 01:21:30
Maybe that's just selfish on my part. 01:21:35
I'm not. I'm not against the idea. Let's get some. 01:21:39
Numbers together and look at it. But I understand the angle and don't necessarily disagree but. 01:21:42
I tried to focus on. 01:21:50
The county's budget and the county's needs and. 01:21:52
If if somebody else benefits along the way. 01:21:57
You know, trying to do, trying to make the best decision for. 01:22:03
What we need long term? 01:22:06
Anybody else have any comments or discussion on any of that? 01:22:10
Are there any committee reports? 01:22:14
Oh, I'll do J Rock real quick. We've received. 01:22:19
Numerous applications for the J Rec grant and we have a group put together. 01:22:23
We will be reviewing those and bringing those, our recommendations and all of our scoring numbers to the group this month. 01:22:30
I think it's in October that it will go to the commissioners to make their final blessing on it. But it's kind of exciting. The 01:22:41
application process is over and they're in and. 01:22:47
It's pretty exciting. 01:22:54
Anybody from the public wish to speak before we wrap up? 01:22:58
I know you guys have a lot of big decisions to make this year. 01:23:08
And I will be as brief as I possibly can. So I've lived in this county the majority of my life, moved back to this area when I was 01:23:12
11. 01:23:16
So I grew up here. 01:23:20
I've been a county employee since I was 2015. 01:23:22
I became an elected official. 01:23:25
January of last year, so I wear a lot of different hats when I listen to the discussions that happen in this room. 01:23:27
Stop, please stop kicking the can down the road. 01:23:36
Please. 01:23:39
Don't just fix the current problem. 01:23:40
Come up with a sustainable plan. 01:23:44
That's your job. You were elected. 01:23:48
To manage the counties finances in a healthy way. 01:23:51
Not put a finger in the ****. 01:23:56
That's not why we elected you. 01:24:00
It's not why your name was on the ballot. 01:24:03
It's not how you wound up in that seat. 01:24:06
It's not how I wound up where I am. 01:24:09
I've worn a lot of hats. 01:24:13
I started in corrections. I'm thrilled that you guys passed the concept tonight. 01:24:15
You're right, we have a sustainability problem, so fix it. 01:24:21
I don't get any vote on any legislation that passes in this room. 01:24:25
I provide information, I provide advice, and I provide resources. 01:24:30
You have all of that. 01:24:34
Don't just fix the 1.3 deficit. 01:24:36
Find a sustainable solution so that we're not back at this again next year or the year after. 01:24:40
That's my comment. 01:24:48
Hey, my name is Carl Rank. I live in Greenville. 01:24:58
Come down to listen to the. 01:25:01
The taxes to lit taxes he invest. 01:25:04
Couple of questions and I know y'all going to do the budget thing again. 01:25:07
Every year. 01:25:12
It's memorable taxpaying public. 01:25:14
So we gotta bite the bullet sooner or later. 01:25:17
I don't like taxes. 01:25:20
I agree with you. 01:25:22
We got to solve some of this problem. 01:25:23
OK, quit kicking it down the road. 01:25:26
But there's other things I'm kind of curious about. 01:25:29
Highlander Fire Department. 01:25:33
Was basically set up. 01:25:36
To take the pressure off Greenville Township. 01:25:39
What they needed for their fire department. 01:25:43
Now they have that. 01:25:47
They had she had X amount of dollars in her budget. 01:25:50
Now according to public records I've looked online, she's got like $300,000. 01:25:54
Why can't you ask her? 01:26:02
Hey, how about a little money? 01:26:05
To help with this out here. 01:26:07
We took the pressure off of Greenville. 01:26:09
To help you out, now you've got $300,000 sitting there she don't spend. 01:26:12
Public record. Go up and look at it. 01:26:19
It's not being spent, it's just sitting. 01:26:21
The other thing, Mr. Short, I believe you're in real estate. I am. 01:26:25
We have a. 01:26:31
Orphanage. 01:26:35
Setting. 01:26:37
On Grand Line Rd. 01:26:39
Several people's asked about that. 01:26:41
OK. And I'm sure that property is worth a lot of money. 01:26:44
Why don't we sell? 01:26:49
My thing of it is now you're laughing. And the thing of it is, are you talking about the brick building across from Walmart now, 01:26:51
OK, I know there's been several people that want to buy it. 01:26:58
And every time we get into this, there's always this survey done. 01:27:06
The county's wanting to build out there. 01:27:10
Always an estimate, survey, whatever you call it, is done. 01:27:12
It always comes back. 01:27:17
We can't do it because it's not possible. 01:27:20
Because somebody wants to say to face the building. 01:27:23
OK, now. 01:27:27
Way I look at this. 01:27:29
There's probably not too many people around. 01:27:32
That went through there and I'm sure they don't get warm and fuzzy when they see that building sitting out there, what they had to 01:27:35
do. 01:27:39
Preservation Society says home is part of our county history. It's this great building. 01:27:44
That building set up. 01:27:51
Where was this set out? 01:27:52
5 miles outside the city limit. 01:27:55
They does not feel proud that building. 01:27:59
My thing is sell the property. 01:28:02
Keep the preservation people out of it. If they want to buy the property, let them. 01:28:05
And make them pay fair market value. Sell the property. Use that money for your house budget. 01:28:11
That's all. Thank you. 01:28:21
All right, I'll entertain a motion to adjourn. 01:28:25
So move. 01:28:28
We are adjourned. 01:28:29
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It's all about voices Inbox boy we who called the September 10th, 2024 meeting of Boyd County Council order Please stand for the 00:00:00
Pledge of Allegiance. 00:00:04
I pledge allegiance to the flag of the United States of America and to the Republic for which it stands, one nation under God, 00:00:11
indivisible, with liberty and justice for all. 00:00:16
Let the record show that we have a full. 00:00:27
Quorum here today. Mr. Tran, can you lead us in prayer? 00:00:29
Yes, I will. 00:00:33
Let's pray turn on all wise Gob. We're grateful for a miracle of another day and this opportunity to bow. 00:00:35
Before you as a community in prayer. 00:00:44
We ask, we thank you, Lord, for what you've done in this place on today. Thank you for giving us the minds to want to better our 00:00:47
community and thank you for the progress that we've made. And we ask that you would bless our decisions as we go forward. Bless 00:00:55
everyone in this room and forgive us of our many sins. In Jesus name we pray, Amen. Thank you. 00:01:03
Acceptance of tonight's agenda. 00:01:13
So move second. 00:01:16
Motion a second for tonight's agenda. Any discussion? 00:01:18
All in favor say aye aye. Any opposed? 00:01:23
That agenda is accepted approval of minutes for the 813 public hearing and the 813 Council meeting. 00:01:26
It's all moved. 00:01:35
I'll second the motion. A second for both. I assume that's for both them, yes. 00:01:37
Any discussion on those? 00:01:44
All in favor say aye aye. Any opposed? 00:01:46
That carries. 00:01:49
Any public comment tonight before we get going? 00:01:52
Alright, we're on the old business #1 blessings in the backpack. 00:01:57
I move that one a be approved. 00:02:01
I'll check them. 00:02:04
OK, we have a motion a second to approve $10,000, two blessings and a backpack out of riverboat. The 7303 funds any discussion? 00:02:05
Seeing none all in favor say aye. Any opposed? 00:02:18
That carries. 00:02:22
Sorry, we have one opposed. 00:02:25
That carries. 00:02:27
All right, Brad, we're on to you. This is Floyd County Council Resolution 20/24/03. 00:02:29
Let me get my screen straight here. 00:02:40
Resolution of Floyd County Council approving a. 00:02:44
Lees with Floyd County Indiana Building Corporation pledging cumulative. 00:02:47
Capital Development Fund revenues to the payment of lease rentals there under an approving matters related there too. 00:02:51
Do you want to talk, Brad? 00:03:00
Yeah, absolutely. OK, I'll, I'll just. 00:03:04
Feel free to raise any questions you have at any point, but I'll just kind of run through this and explain sort of what's going 00:03:08
on, why, why this is, why this is on your agenda tonight. So I think as you're all aware, the commissioner signed a purchase 00:03:14
agreement for the Chase building as part of the sequence to you'll provide a new county office space for the county office 00:03:21
holders. The purchase price of that building is is 8 million. 00:03:27
I think $808,650,000. 00:03:34
And there's also some needed renovations, equipment and so forth of the building to make it usable for the county's needs. 00:03:38
Uh, because of the size of the financing? 00:03:45
We're going to do this through a lease financing structure, which you may have heard about before. I feel like we did this several 00:03:48
years ago with the jail project and I forget the exact year that was done, but it's very common in Indiana for these large capital 00:03:54
projects because of limitations on direct indebtedness that you do these as lease financing structures. And the way these operate 00:04:01
is a non profit building corporation is created, they actually borrow the money. 00:04:07
They they buy or construct the asset and then they lease it back to to the county. 00:04:15
The county then makes lease rental payments to pay the bonds and once the bonds are gone then the property by law and by the lease 00:04:20
terms has to has to be transferred to the county. 00:04:24
So it's just a, it's a structure that's used commonly across the state for debt limit purposes. So prior to tonight, the building 00:04:29
corporation has met, they've elected officers, approved their code of bylaws, they've approved a form of the lease agreement. The 00:04:37
county commissioners have also approved a form of the lease agreement. And as part of this this process of the law, the County 00:04:44
Council also has to make a determination that the project is needed and approved the form of the lease agreement. 00:04:52
So the lease itself would have maximum annual lease rental payments not to exceed $1,461,000 per year. 00:05:00
It would have a maximum term not to exceed 30 years. 00:05:09
The total amount of bonds that could be issued table for this lease would be 12,500,000. 00:05:13
And the maximum bond anticipation notes that could be issued is 10,500,000. 00:05:19
These are all maximum parameters. 00:05:25
Because as it stands today, the actual financing terms aren't known. We know as I just sketched out there, those are the maximum 00:05:27
parameters. But once, once you actually would sell bonds and know your lease rental payments, you would chew up like what the 00:05:32
actual numbers would be. 00:05:37
Those lease rental payments would be secured by the county's cumulative capital Development Fund revenues which you implemented I 00:05:43
believe last year for collection starting this year. So those revenues will be pledged to secure the the repayment of the of the 00:05:49
obligations here. 00:05:54
At this point, the plan of the plan of finance would be to issue a bond anticipation note to finance this purchase price for the 00:06:01
Chase building. And the reason for that is, is twofold. 00:06:08
One is because as it stands right now, there's currently other tenants in this building. And I know your goal long term is to get, 00:06:15
I think all the tenants out with the exception of of maybe Chase Bank. But because we don't know the exact mixture of governmental 00:06:22
use of the property versus private use, it makes it hard to know how much you can issue in taxes and bonds. And so upon 00:06:29
anticipation though, it's just a short term interim financing mechanism. 00:06:36
It'll allow that to kind of get sorted out as the tenant leases start to terminate and the county starts to occupy the space. The 00:06:44
other reason is that you are currently not at your maximum human capital fund rate set by statute. And so again, not really 00:06:51
knowing what that rates going to end up being, it's kind of hard to do a long term financing based upon the existing rate. So we 00:06:59
have to kind of deal with the. 00:07:06
As they are right now, we can't, we can't issue and incur bonds when you don't know what you're actually going to take that rate 00:07:14
to if you don't take it to the Max. So the bond anticipation note route gives flexibility to allow some of these things to kind of 00:07:21
sort themselves out before you would actually issue the permanent financing for this, for this project. 00:07:28
I've said a lot right there. So I'm gonna, I'm gonna stop right now and just turn it over for any questions you may have. 00:07:36
So are you asking us tonight to approve a? 00:07:45
Resolution that the. 00:07:47
Commissioners have already passed. 00:07:50
That's that's, that's right. That's so the commissioners, so the process as I mentioned earlier. 00:07:52
Skipped over this to the building corporations that they've approved the former lease and all of these terms. The commissioners 00:07:58
have met and done the same. 00:08:02
County Council approvals require the commissioners didn't have to help hold a public hearing and then they would do what we call 00:08:07
confirm their prior resolution. So there's you aren't the last step in this process, but you're sort of 2nd to to last before the 00:08:13
commissioners have the hearing and, and we get final approval. 00:08:18
So I I do have several questions. 00:08:24
The ban. 00:08:28
That will be issued. Do we have a idea about how long that might be in place? 00:08:32
Yeah. So Denise, the maximum term of a bond anticipation note to ban is five years and it's not uncommon to issue A5 year note. 00:08:38
But usually what you would have is a prepayment option. So like after one year, after two years you could pay it off or flip it to 00:08:45
your permanent financing. You don't have to do a five year. Sometimes I've seen a three-year ban with a one year prepayment 00:08:51
option. 00:08:57
There are there are different avenues you have there. 00:09:04
The 11 sort of unique thing about a band option in this scenario. 00:09:07
Is it because the? 00:09:13
The acid is complete, it's usable, you can start actually paying rent for the property even during the term of the ban. And so if 00:09:15
you did A5 year ban, you could take your CCD fund revenue and start paying down principle of the ban during this this interim 00:09:22
financing period. So that when you get to your take out finance and you're not, you're not drawing the same amount once again on a 00:09:30
long term basis. What's the interest? I assume an interest rate on a band is higher than an interest rate on a bond. 00:09:37
True or not, it depends. It depends, Denise, because you know it's all about the yield curve and so the shorter out you go, so one 00:09:47
year, 2 year down the yield curve versus A20 year. I mean generally that shorter maturities going to cost you less than interest. 00:09:53
But to your point, because the ban itself isn't as secure as the bond itself, there may be a slight increase in that rate I think 00:09:59
right now. 00:10:05
Stifel and and Crow are running this at like a maximum interest rate of around 4 or 5%. 00:10:12
Oh good. 00:10:18
OK. 00:10:19
Are we going to, are we just going to accrue the interest into the into the band and not pay that interest or are we going to pay 00:10:22
the interest on the ban as we got? 00:10:27
Pay down principle as well as interest during the band term to start paying off this this financing. Who makes all those 00:11:04
decisions? 00:11:09
Well, the building corporation is actually the borrower. They would, they would have a resolution that will authorize these, these 00:11:16
same parameters as far as maximum term, our amount and and lease rental annual payments. Usually we would look to the 00:11:24
commissioners to kind of make that final decision as to, you know, which, what's the most acceptable financing arrangement. But 00:11:31
what in the end you've got, you've got Crow as your financial advisor. They have the fiduciary duty to sort of look to say. 00:11:38
Hey, here's here's the best deal based upon these facts. Here's the best route that they would recommend. OK, perfect. So I. 00:11:45
I guess I have a somewhat of a problem with the maximum of 1.46 million. 00:11:56
That for a payment. 00:12:02
I mean it. We have right now. 00:12:06
Only $850,000 only, I mean we have 850,000 coming in. Are there something is somewhere on north of that? 00:12:11
Why? Why 1.4 Max on that payment? 00:12:21
Great question. So the way that's that size that they look at, if you did a 20 year bond issue, how would it be structured and 00:12:27
most most likely? 00:12:32
Sorry, had another call most likely. 00:12:39
Even though that fund, the CCD fund, is a property tax funded fund. 00:12:43
Because it's rate controlled, a purchaser, a lender is going to view this as a revenue deal. OK. And in other words, you're, 00:12:47
you're, you have fixed revenues. You can't, you can't just go out and raise whatever you need for debt service. You have a fixed 00:12:52
amount. 00:12:56
They most likely will require a separate debt service reserve fund, which is essentially A1 year debt payment set aside in case 00:13:01
there's some shortfall in a given year. So you got to add that on to the deal and then you add cost of issuance. And if if you 00:13:09
didn't pay any interest during the ban period, in other words, Denise, they look at worst case scenario, how, how, how much would 00:13:16
you have to borrow on a permanent basis and what would that payment be that that's the one million 461. 00:13:23
If you don't need a reserve fund, if you're paying down interest in principle that that number is going to be significantly lower. 00:13:31
Yeah, we can't make that payment right now. I, I, I have a problem with that. That's, that is a Max payment. That's not, we're not 00:13:38
saying that's what the payment is. I understand, but it gives them the the flexibility to go up to that. 00:13:44
I I would love to see it a 1,000,000, not 1.4 million or 1.46 million. 00:13:52
I think that's too much, personally. 00:13:59
So here's the dilemma that just, so before you can issue a bond anticipation note, you have to do all your proceedings and have 00:14:02
all your approvals in place to actually do the long term financing. So if, if the maximum lease rental is set at $1,000,000, we'll 00:14:10
have to have crow and steeple rerun the map and that's going to limit how much can be borrowed in through a van. And I don't know 00:14:17
that you're going to be able to get to what the purchase price is. I mean, I, I don't have that analysis. 00:14:25
Or the ability to do it. I'd have to have Crow or Steve will run those numbers. 00:14:33
I don't want to hold up the process, but I'm not. 00:14:42
Thrilled with that. 00:14:45
1,000,005 I'm just not. 00:14:47
I think we should have capped that. 00:14:52
Somewhere close to what the money that we have coming in on the current band are in the current CCA. 00:14:54
So I agree with that because we lose control after this, we have no input whatsoever once we sign off on this. 00:15:02
It's incredible again. 00:15:10
I don't understand. I just don't understand. 00:15:14
Here we are. I mean, now we're, we need to close on this, we need to close on this because we, you know, we're going to risk not 00:15:20
getting the building if we don't close on this before the end of the year. 00:15:25
But. 00:15:32
I'm not happy about it. 00:15:33
Do you not think that the Commissioners will? 00:15:36
Up the CCD rate to cover this, are we? But is that what we want? No, that's not what I want. 00:15:38
No. 00:15:46
I don't support another new tax. 00:15:49
We passed 2 new ones last year this year. 00:15:51
With this can be covered. I've done the numbers. 00:15:56
This without any with with point 8.5 million, another million and a half in renovations. I haven't put any soft cost in here. I 00:16:00
don't know what that would be, maybe another half million. 00:16:07
I'll go ahead, Denise. They're, they're assuming, so this is against Stifel's analysis that what you just mentioned the purchase 00:16:14
price plus a little bit like the million and 1/2 for renovation equipment plus soft cost. They're, they're sizing the ban at 00:16:20
10,230,000. That's kind of their, their working number. And I have 2,000,005 and if I do the numbers on that on a 5% interest rate 00:16:27
over 25 years, it's 700. 00:16:33
That's the ban. That's over A5 year term. That's just the ban, that's an interim financing so. 00:16:40
The way that would work is that there's going to be a balloon payment due that maturity no later than five years. This is where, 00:16:46
again, if you do the bonds, most investors are going to want to reserve funds. So that's going to be another 1.2 million of bond 00:16:52
proceeds. You got to set aside the reserve fund. 00:16:58
That's that's how that increases the size of that. Again, there are options we could look at instead of funding that with the bond 00:17:06
proceeds, we could look at like a surety policy. That's where you basically hide A bond insurance and pay a premium. 00:17:12
They provide a credit facility. You put in reserve funds that you reduce what you what you borrow, but that's a whole process you 00:17:19
got to go through. You have to get the bonds rated. 00:17:23
So I think they're again, they don't know all these things right now on the long term finance. They sort of look at a worse worst 00:17:29
case scenario. 00:17:33
So the problem is putting the band in place that's causing us to go up to this, this, this 1.4 million. So why are we putting a 00:17:38
ban in place? Why don't we just go ahead and run for this? 00:17:44
We just can't get the bonds issued in time. 00:17:51
CCD fund rate, which is the I think .0167, yeah, we can't look at and assume that that rate is actually going to be increased. 00:18:24
So it makes it very challenging I think right now. 00:18:34
From what I think Stifel told me, if they did the permanent financing, the revenues to cover debt service would be like maybe a 00:18:38
1.1 times or 1.15 times coverage, which is really thin. So a lot of lenders when they see a revenue deal, they want to see like 00:18:47
125% coverage of revenue to debt service. So it would be very challenging right now to do the long term financing based upon that. 00:18:57
The tax status of the bonds and the current CCD fund rate, well, can't we do an all revenue bond? 00:19:07
Versus just a CCD bond. 00:19:15
I know I'm asking a lot of questions and I wish we would have had input in this before. 00:19:18
But here we are. So I'm sorry, I'm asking so many questions. Yeah, so there's that raises a couple other issues. So right now, so 00:19:24
the cost of this project, let's let's just call it even 10 million for easy math, it's not subject to either a petition, 00:19:31
remonstrance or referendum process. And that's because it wouldn't be paid from a property tax levy outside your Max levy, right? 00:19:39
Because your CCD fund is part of your Max levy. The whole control projects, referendum process, none of that. 00:19:46
So when I hear this thought about general revenues, I get a little worried because I say, is this now a control project that we 00:19:54
have to worry about? 00:19:59
I also wonder when I hear the term general revenues pledge and some people do that, are there any prior claims on any of those 00:20:04
revenues? Again, what what revenues are we talking about? Would they be edit revenues I. 00:20:10
Jim Fund, is it the legacy foundation? I mean, I think of all available revenues as a very amorphous concept. And then the the 00:20:17
trick to all that Denise is like any revenue deal, you usually have an additional bonds test. So like in this in this resolution 00:20:23
before you tonight, you'll see in Section 3 this issuance of the parody obligations. The reason you do that is because you're 00:20:29
telling future. 00:20:35
Future bondholders and we reserve the right to issue additional obligations. So on all available revenues pledge, how do how do 00:20:42
you work that you know and do you have any subordinate obligations or senior obligations already out there? That's what worries me 00:20:47
with that. 00:20:52
We can't do an all funds bond anyway. 00:20:59
We, we just went through our budget process today. We're not, we're in no position to do that anyway. 00:21:02
Brad, I got a question about you know you do this a lot and you and you've looked at our overall. 00:21:08
You know what we're trying to accomplish, I. 00:21:15
And I just wonder from your from your professional opinion. 00:21:19
Is this, are we on the right path? Are there other options we can can consider? Because I will say, I mean, I would have really 00:21:24
appreciated a workshop or something on this to get my head wrapped around what it is we're that we're. 00:21:31
The the proper funding mechanism. 00:21:39
To purchase this building behind purchasing it, there's a lot of upside to it, but I just. 00:21:41
I'm really trying to get my head around the financing part of things and I just. 00:21:48
Playing catch up again because it's it's not something that I'm that I've been familiar with other than reading supporting 00:21:52
documents and still didn't really get a lot of clarity with that. 00:21:57
Well, I guess just in terms of your first question like is this the proper way? So I was not involved in the implementation of the 00:22:03
CCD fund or that rate. But I did see the DLGF order that has since come down because there were some objections filed by by local 00:22:11
taxpayers and it looks like the intent of putting that CCD fund great into effect was was for. 00:22:20
Redoing the county's seat, the city county building to become a judicial center. 00:22:31
Part of which means you've got to relocate these these kind of office spaces. So this looks like the first step in that whole 00:22:36
overall sequence. So when you sort of ask the question, is this the proper channel? I would say it seems like that's why the CCD 00:22:43
fund was implemented was really for these types of projects to move existing county offices out of there. 00:22:50
So, so I guess that's one way to answer that question. I don't know what other sources you want to look at. That wasn't quite my 00:22:58
question. My question was the, the CCD of course, was put in place for, for stuff like this, but the band versus bond, you know, 00:23:05
are we and then the rate in which, you know, the Max ask those type of technical questions. Are we on the right path? 00:23:13
Yeah. 00:23:24
And and Brad, I think. 00:23:26
So I don't know that there's a lot of room here as far as like for extra things. I mean you could look at downsizing a little bit, 00:24:02
but the purchase price is what it is, the 8 million, 650 plus some some soft costs. 00:24:08
And and and again. I just don't have the answers. I don't have the the. 00:24:17
The software here to rerun these numbers as we speak. It's just the best way to accomplish what we're trying to do. 00:24:20
That's the question. 00:24:27
Did you hear my question, Brett? 00:24:29
Yeah. Yeah. I guess just to mean in terms of collaboration, is that what you're kind of getting at to, to figure out how to 00:24:31
finance these kind of projects or? 00:24:35
And, and look, I'm not trying to be evasive here. I just, I don't know what kind of negotiations and thought process have gone on. 00:24:40
I know there's, there's these joint meetings monthly with the council and commissioners. I guess I thought some of that I'd 00:24:46
already, granted, already covered, you know, last year with the CCD or earlier this year with, with this purchase agreement. So I, 00:24:52
my apologies if there's not. I'm not trying to put you in the middle of anything. I'm just trying to pick your brain with a, with 00:24:58
a professional opinion. 00:25:04
I think it's important to keep in mind. 00:25:10
That this is a Commissioner created tax. 00:25:12
Created for. 00:25:16
Capital improvements this is not. 00:25:19
This is the Commissioners entering into this. 00:25:23
Ban and bond through this new building Commission that they've created. 00:25:26
This is not. 00:25:31
A liability to the Council per SE, because we're not asking to put general fund money into this. 00:25:35
It's up to the commissioners and the Building Commission to make the right decision. 00:25:42
On the financing option going forward and to make sure that they have that payment covered out of CCD funds. 00:25:46
I don't think anybody's questioning. 00:25:54
That we're questioning the finance part of this, which is our fiduciary responsibility for the county. 00:25:56
And so I completely disagree with what you just said. 00:26:06
So if we do a five year, just rough numbers, if we do a $10.4 million ban for five years with a 5% interest rate. 00:26:18
We're gonna have a pavement of about $2.4 million. No, that is not how it works. It is not amateurism that way. Well, it's not. 00:26:35
OK, So help me out here. 00:26:41
I pulled up some numbers that Steve had prepared and what they would propose is that during the five year term of the ban, which 00:26:48
again that's maximum, you don't have to do a five year term, they would they would size debt service on the ban to match up with 00:26:54
your existing. 00:26:59
CCD fund revenues more or less that they're showing a payment of about 665,000 a year from CCD going to pay down the ban. But but 00:27:04
as as Danny, you mentioned at the end that that's not fully amortized. So at the end there's going to be a balloon payment of 00:27:12
what's still outstanding and then that would get re amortized over the term of the bonds which would be up to 20 years. 00:27:21
How large would that balloon payment be? I mean, how significant would that be? Well, the balloon payment would be the amount that 00:27:29
we finance it's and it's that would be a Max number on that, that would be the bond. 00:27:35
12 point no. So the maximum amount of. 00:27:42
And by anticipation that could be issued is 10,500,000. 00:27:46
And the maximum bonds that could be issued when you get to that point would be 12,500,000. And the only reason for that is, you 00:27:51
know, we don't know. Are you in fact going to amortize principle of the ban? Are you going to need a reserve fund for the bonds? 00:27:56
That's why it looks really high. 00:28:02
But you have to look at worst case scenarios to say, have you authorized the issuance of the bonds? 00:28:08
Within parameters so she could take out the bands in a worst case scenario. So we're gonna pay $660,000 annually until we decide 00:28:13
to pay off the ban and then we'll issue the bonds. 00:28:20
And have a a rate, hopefully we'll have a payment. 00:28:27
That matches also somewhere around that 850,000 and if the CCD brings in more, we could pay more than the 660,000, we could pay 00:28:31
the interest ahead, we could pay principal down, we could pay some cost and. 00:28:39
I think I'm getting closer to being OK. I think I'm getting closer. And the last thing just to just to kind of complete this 00:28:47
thought. So yes, as Danny mentioned, like look what we don't know is what will the actual rate get raised to? I mean make you 00:28:53
know, maybe it goes to the Max, I don't know. But you also have to remember this is a rate controlled fund. So the rate is what it 00:28:59
is. If assessed value grows, that means the revenues for CCD fund will also grow. And and we can't, we can't project some some 00:29:05
revenue growth we keep. 00:29:11
Because you have to look at kind of a. 00:29:17
Again, I hate to keep saying it more of a worst case conservative scenario. 00:29:20
OK. 00:29:24
And none of these numbers are in the. 00:29:26
Ordinance that we are approving tonight, the only thing the ordinance is doing is giving the go ahead to move forward with the 00:29:29
process of getting the funding in place. 00:29:35
But none of these numbers exactly right. None of these numbers are in that. 00:29:41
Yes, so, so really the the lease agreement itself has the maximum annual payment that one million 461. But if you went and looked 00:29:46
at the commissioners resolutions or the OR the building corporations they met. 00:29:52
Last six last Tuesday and Thursday, I believe those numbers are in there. You would see those maximum principal amounts for the 00:30:00
bands and for the box. 00:30:04
So once again, I'm going to ask what Brad asked. Is this the best way to go? Are there other options you feel if you do this every 00:30:11
day? I know you do. I'm just asking the question so I can get myself comfortable because I feel like that's my role. That's why I 00:30:16
was elected to do. 00:30:21
So you feel like this is the correct path forward. 00:30:28
I do feel like. 00:30:36
The parameters here, there's not really any fat on the bones, so to speak. This is this is enough to buy the building and do just 00:30:38
a little bit of renovations. There's not a lot of fluff in here in that sense. In terms of the band versus bonds, I do think bands 00:30:44
is the better route right now because it preserves your flexibility because you don't, we don't know certain things. We're 00:30:50
assessed values grow, what interest rates are going to do what, what's the mix of governmental use versus private use of the 00:30:56
property. So I look at. 00:31:02
Say we're gonna know a lot more clearer picture by the time you do bonds. So I'm comfortable in that sense. And I don't know, 00:31:08
Denise, if you're asking about like source of repayment and is this the best structure? I mean, this is clearly an Ave. to do it. 00:31:14
I mean, are there other options? I don't I don't know. I don't know what the county's financial state is, if there's other better 00:31:19
scenarios here, OK. 00:31:25
When will the banned payment start? 00:31:31
Most likely I got to think about this if we were to close. 00:31:35
I mean, look, we were looking at if we close on the ban. 00:31:40
Like end of October, normally your first payment would be. 00:31:45
Probably August of 25 we could, we could do a first payment in February of 25 if there's money still in the CCD fund from from pay 00:31:50
24. And again, I don't know the answer to that. I don't know if there's any unrestricted dollars, but if there's money there, you 00:31:57
could start making payments as early as February 25. 00:32:03
I don't I don't know the answer to that question either. 00:32:11
So I have a question. We've been down this road before with the jail and maybe premature question to ask, but is there a penalty 00:32:14
for paying off that ban early? 00:32:18
Hey, that's a great question. That's a negotiating point. So every. 00:32:25
If you want the ability to pay off more quickly, we're going to have a term sheet that's going to ask for certain things. And if 00:32:31
we want the ability to pay off, start paying off principal in one year or less, we'll ask for that. But if you're not going to use 00:32:37
that right, you don't want to pay for that right and not use it. So that becomes the question. It's a negotiating point. Sometimes 00:32:43
the longer you go, you agree without having the prepayment, right. 00:32:50
You're going to get a slightly better rate because they're going to lock in their investment for longer essentially. 00:32:57
But on something like this, I would say at least get a prepayment right after two years. Maybe you cut it short or it is a year 00:33:02
and we can look at different, we can ask for different, different options. That's very common that in other words, when banks bid 00:33:07
on this, they'll just say here's our rate if it's a one year prepayment, here's a rate with a 2 year prepayment, three years, so 00:33:12
on and so forth. 00:33:17
Do we have a motion on this? I'll make a motion to approve. 00:33:26
Floyd County Resolution. 00:33:30
2024 Dash 03. 00:33:32
2nd we have a motion and 2nd. 00:33:36
Is there any further discussion or questions? 00:33:40
Seeing none all in favor say aye. Any opposed? 00:33:44
That carries. Thank you, Brad. Thank you so much for the clarification. Sorry for all the other questions. 00:33:48
Thank you. Thank you. 00:33:55
All right. 00:33:57
Good evening. Good evening. I'm Rhonda Boyd Alstad. I'm the new A Todd director. 00:34:05
As of March, I'm the person that does our comprehensive community plan for the Indiana Criminal Justice. 00:34:09
Institute the behavioral health section of it and so this money has been collected it's a mandated through the state it's 00:34:15
collected it's already been collected. This is from the previous year's collections through our court system. And so I'm just 00:34:21
asking that you approve the amount that the state. 00:34:28
Approved in the plan Motion to approve to a second. If a motion is second, any questions or discussion? 00:34:35
All in favor say aye. Any opposed? 00:34:43
Thank you, that was a lot easier than that. 00:34:46
Matt Dennison, you're up again. I'll make a motion to approve. 3A. He addressed this issue earlier in the budget hearing. It's 00:34:51
just to match what the bill is going to be for this year. 00:34:56
Got a motion on the second for 3A. Any discussion or questions for Matt? 00:35:03
All in favor say aye aye. Any opposed? 00:35:09
Thank you, guys. Thank you. Have a good evening. 00:35:12
Mr. Lurch. 00:35:18
Good evening. 00:35:20
Motion approved for a just transfers. 00:35:25
We have motion a second for the public defender transfers. Any questions, discussion. 00:35:29
All in favor say aye. Any opposed? 00:35:36
That carries. Thank you. You're welcome. 00:35:39
Kim, you're up. 00:35:42
Move to approve 5/8. 00:35:50
2nd, we have a motion, a second for 5A discussion. Did we just approve this last month? Yeah, but we didn't put it no one items. 00:35:54
So I guess that's what we're doing tonight. 00:35:58
Put it in the running. 00:36:03
Because we approved this expansion last month, didn't we? 00:36:05
Yeah, You proved the money, but we didn't appropriate it into the line, Right, right, OK. 00:36:07
Any further discussion? 00:36:15
All in favor of 5A say aye aye. Any opposed that one carries Motion to approve 5B. Second motion a second for 5B. 00:36:16
Questions. Discussion. All in favor? Say aye. Any opposed? 00:36:27
Mr. Don Law. 00:36:35
Good evening. First on this request a new line item for 44509. 00:36:46
000400001 Construction. 00:36:53
Motion to approve 6A. 00:36:57
Second motion is second for the new line item. 00:37:00
Any discussion? 00:37:03
All in favor say aye aye opposed. 00:37:05
Then asking for appropriation for that line item, excuse me, 4509000400001 construction of $2,000,000. 00:37:07
Move to approve 6B. Second motion and a second for 6B. 00:37:17
Questions for Don. 00:37:23
New Discussions A TIFF? A TIFF? 00:37:26
Generated $6 million already. 00:37:29
Is that right? Is that what that says to me? 00:37:32
No, this is a bond. This is a bond. 00:37:36
OK, it's in the TIF non reverting fund. 00:37:41
But it's a bond. It is a bond. Gotcha, that makes more sense. 00:37:47
OK. Any further questions? 00:37:53
All in favor 6B say aye. Any opposed? 00:37:57
That one carries. 00:38:00
See Is a request a new line item 4400 zero 003000 on one debt service. 00:38:01
Motion to approve. 00:38:10
Second motion and a second for 6C. 00:38:12
Any questions? 00:38:16
All in favor say aye. Any opposed? 00:38:18
Next is. 00:38:22
Appropriation of that fund 4400 zero 0 zero 3001 debt service for $515,729.12. 00:38:24
Motion to approve. 00:38:37
Dagger motion and 2nd for 6D. 00:38:40
Questions. Discussion. 00:38:43
Have a fun balance of 0. 00:38:46
Money in that. 00:38:48
The 515,792. 00:38:52
Yes, Sir. All right. Any further discussions? 00:38:59
All in favor of 60. 00:39:03
Say aye. Any opposed? 00:39:05
That one carries. 00:39:09
Motion approved 6 E 2nd. 00:39:11
Motion a second for six East. 00:39:13
Any discussion? 00:39:16
All in favor say aye aye. Any opposed? 00:39:18
That carries as well. Good evening. 00:39:22
Motion for seven A to transfer. 00:39:25
Second motion and a second for seven a discussion. 00:39:28
Excellent decrease in line items. All in favor say aye aye. 00:39:33
It shows us a decrease, yes. So the decrease and increase. 00:39:42
It's a misprint. So this. 00:39:47
Decrease so the bottom when the plat room is flat room office is supposed to be the increase. OK, so I'll modify a motion to. 00:39:49
Do the transfer. 00:40:01
Of levy bonuses decreased that by $417 and 76 and increase. 00:40:05
The line I'm below that to platform office for at the same amount for 1770 cents. 00:40:12
Oh, the department should be 000. OK. 00:40:22
2nd. 00:40:25
Revised motion and 2nd, any discussion on that? 00:40:27
All in favor say aye aye. Any opposed? 00:40:31
That carries. 00:40:34
8A is an additional appropriation to. 00:40:43
The 1000 there could say 1002. 00:40:47
Seven group health insurance This is the remaining balance that Michelle Portwood emailed out to you all after the last meeting 00:40:49
concerning the amount that needed to be paid into the non reverting health fund from the end of the year. Balanced last year 00:40:54
agreement that was made between the council and. 00:40:59
Gloria and I made a. 00:41:05
Executive decision to put it in a line that. 00:41:08
We're going to actually pay it out of the general fund at the end of the year anyways into 9002. So we just figured we'd pay it 00:41:12
out of the general fund now instead of later. So when we talked earlier about defunding the 700,000, this is really this is, this 00:41:19
doesn't have anything to do with the 700,000. This was not 23. The remaining balance in 23, the agreement made between. 00:41:25
The Council and the Commissioners, so I. 00:41:32
I'm just requesting the additional appropriation so that we can actually complete that transaction for you all It's carry over 00:41:35
cash is your appropriating into the line item, putting it into a line item so that we can then put it into the correct fund. 00:41:40
That's correct. 00:41:45
Motion to Approve 88. 00:41:54
Second motion in a second for 88. Any further discussion? 00:41:57
Seeing none all in favor say aye. Any opposed? 00:42:05
That cares. 00:42:09
8B and C kind of go together, will not come if they do go together. This is what I brought before you all at the last council 00:42:11
meeting concerning the prosecutor and his Title 4 coordinator. We did not get to advertise or create a line for that supplemental 00:42:18
salary. So this is just finishing up. That is the last step for that clean up. 00:42:25
Move to approve 8B and C. 00:42:35
2nd. 00:42:40
Have a motion for 8D and C discussion. 00:42:41
All in favor say aye aye. Any opposed? 00:42:48
Thank you. 00:42:51
D&E. 00:42:55
Are some more cleanup. You all had a lovely e-mail chain concerning an issue where one of our departments. 00:42:57
Made a new position and and filled it. So this is being able to pay for that position. 00:43:05
It was approved via e-mail to let them keep that position and not take it back, so we do need to be able to pay them. 00:43:16
Motion to approve 8D and E. 00:43:23
Second motion for 8D and E discussion or questions. 00:43:26
All in favor say aye. Any opposed? 00:43:33
Those 2K. 00:43:36
F is I'm covering a transfer on behalf of Judge Hancock. 00:43:38
Motion to approve a. 00:43:44
Yeah, second motion and a second for a death. 00:43:46
Any discussion? 00:43:51
All in favor say aye aye. Any opposed? 00:43:53
Thank you. Thank you. 00:43:57
9A is ordinance concerning transfers. 00:44:01
2nd. 00:44:11
Have a motion a second for not a any discussion. 00:44:12
All in favor say aye. Any opposed? 00:44:16
That carries. 00:44:20
Motion to approve. 00:44:22
But I want to break it out into. 00:44:24
Two separate contracts, so the motion would be. 00:44:27
Emotions for 9B merit officers contract first. 00:44:31
We have a motion for 9B1. 00:44:36
Sheriff's Department contracts. I'll second it. 00:44:39
Any discussion? 00:44:44
Yeah, like. 00:44:45
Go ahead. 00:44:47
Like to make a statement regarding this. 00:44:48
Had to get my thoughts down so bear with me for a minute while I read this. 00:44:52
I believe that the good men and women of the Sheriff's Department that serve our community in an apology. 00:44:58
I believe you got caught up in the middle of. 00:45:05
This function that exists on this Council. 00:45:08
Your representative on the bargaining teams. 00:45:12
They did their jobs. 00:45:14
But our representatives from the Council didn't do theirs when it came to sharing necessary information. 00:45:16
It is the first time in my tenure that I've experienced this type of failure in the bargaining process. 00:45:23
This process was not transparent. 00:45:27
I've heard over the last two plus years. 00:45:32
About not being transparent. 00:45:35
When I was in leadership of the Council. 00:45:38
I find it ironic. 00:45:40
That they're doing the very same thing that they accused me of doing. 00:45:42
I have never, nor would I, keep any other member of the Council. 00:45:46
In the dark on the details they needed. 00:45:50
To make an important decision like this one. 00:45:53
I recently learned that a member of the bargaining unit. 00:45:57
Left the committee. 00:46:00
That person was Jim. 00:46:02
And notify council leadership. 00:46:04
But the rest of the council wasn't notified of that. 00:46:06
They should have been replaced. 00:46:10
Because it requires agreement, requires three people from the Council to sit on that committee. 00:46:11
I would have gladly have served on the committee. 00:46:17
But I believe it was a disservice to not replace that person to the bargaining process. 00:46:20
I and others on the Council have repeatedly asked for information. 00:46:26
That was barking for. 00:46:30
A comparison of the current. 00:46:33
Versus. 00:46:35
The ask the new contract. 00:46:37
A financial statement of how that would impact the cost of the proposed contracts. 00:46:41
And some of the information is still yet to be received from council leadership. 00:46:48
I've met with Sheriff Bush, Stan Howell. 00:46:53
Cody Bird. Even Phil James. 00:46:57
Had a very pleasant conversation with them. 00:47:00
The requested information that I asked for was was shared and given. 00:47:03
And it was a pleasure working with them. 00:47:08
In my opinion. 00:47:11
The council members on the bargaining committee. 00:47:14
They withheld some information from the other members and forced a vote with some of us in the blind. 00:47:17
In my opinion, they didn't put the Sheriff's Department in a position to succeed. 00:47:23
During the bargaining process. 00:47:27
Given the political nonsense on the social media that happened following last month's meeting, I believe that. 00:47:30
This was a planned event. 00:47:35
And you were taken for a ride for political. 00:47:37
For political games. 00:47:40
The bargaining process was tainted and this whole charade was unnecessary and could have been avoided if the proper information 00:47:43
was shared 2 meetings ago. 00:47:47
I'm disappointed in Danny, Connie and Jason Sharp. 00:47:52
The Sheriff's Department deserves better and the community deserves better. 00:47:56
I'm not gonna respond to that. I will. 00:48:05