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Event transcript
Are you going over? 00:00:00
I'm gonna to joint meeting between Floyd County Commissioners and County Council if you'll join us in the Pledge of Allegiance. 00:00:03
I pledge allegiance to the flag of the United States of America. 00:00:10
And to the Republic for which it stands. 00:00:14
One Nation. 00:00:17
Under God. 00:00:18
Indivisible with liberty and justice for all. 00:00:19
Thank you to everyone for the reminders to silence our cell phones. 00:00:23
And we have a busy agenda. 00:00:27
So I think we'll. 00:00:30
Kind of dived into this. 00:00:31
We do have. 00:00:35
Some folks joining us on stream today. 00:00:36
We'll begin by seeking approval on the 2/24/26 Joint meeting minutes. 00:00:39
I have a motion for that. 00:00:46
Make a motion to approve. 00:00:48
All in favor, aye aye. 00:00:50
And then we have 6 items listed, I would like to add a 7th and I don't know if we've ever done that. 00:00:53
At a meeting, I know of protocols been by unanimous consent, those present on the commissioners meeting and then also for the 00:00:59
Council, but this would be to discuss the animal shelter. 00:01:04
Building purchase. 00:01:10
So we're not. 00:01:12
I mean, if we find ourselves working towards an exact resolution, that's fine, but. 00:01:14
We need to have a discussion on that. 00:01:18
So among the commissioners, I'd like to ask for unanimous consent that that that is Item 7 on today's agenda. 00:01:20
I'll make the motion to add that to the agenda with unanimous consent. 00:01:27
I'll second. 00:01:32
All in favor, aye? 00:01:33
Hey, Danny, if you'd like to see if you can, I'll make a motion to add. 00:01:36
Animal shelter building second. 00:01:40
To the agenda. 00:01:42
With unanimous consent. 00:01:43
We have a motion. 00:01:46
In a second, all in favor say aye aye. 00:01:47
Any folks? 00:01:49
Gray hair, all right. 00:01:51
So I think we're going to begin with. 00:01:56
President Short with the. 00:01:59
Public hearing on the additional appropriations. 00:02:01
Yeah. We'll now open the public hearing for our additional appropriations for this evening. Is there any public comment? 00:02:05
On those. 00:02:10
Only on appropriations. 00:02:11
Seeing none, we will now close the. 00:02:15
Additional appropriation. Public hearing. 00:02:18
And. 00:02:21
I'll give it back to you for the community. 00:02:22
Nomination, OK. So we'll consider the public hearing on that adjourned and then we'll go forward to joint meeting and. 00:02:24
Slight breach of protocol with the. 00:02:30
Pledge of Allegiance before that public hearing, but it it holds nonetheless. 00:02:32
All right, we have a. 00:02:36
Short presentation from the Community Foundation today. And we did receive those materials in advance, so. 00:02:38
Be relatively brief with. 00:02:44
Uh, we appreciate you being here for. 00:02:46
Q&A if anyone does have questions about that after your presentation. 00:02:48
Thank you. 00:02:52
Thank you for having me. My name is Neil Hepler and I'm with Mariner. 00:02:53
Institutional where the investment consultant with Community Foundation of Southern Indiana. 00:02:56
And the pooled pool. 00:03:01
Fund that Floyd counties on this part of and so I've just got a few slides here. 00:03:02
That hopefully will be turned up. I don't know if you got them in front of you there if you go to the next slide. 00:03:08
You can just see this. 00:03:14
This is always the. 00:03:15
These are always the investment goals that we've had since you invested the money at the Community Foundation. 00:03:17
And the first is just to maintain the purchasing power. 00:03:23
Of the original dollars that you had in your fund when you put them. 00:03:26
With the Community Foundation and to pay you out 5%. 00:03:30
Every year. 00:03:34
Based upon a 12 quarter moving average. 00:03:35
And so. 00:03:38
What we're trying to do is pay that 5%, have that 5% grow every year. 00:03:39
May not grow every year, but generally speaking we want it to grow every year. 00:03:43
And we want them. 00:03:47
Dollars that you originally put in the Community Foundation Fund. 00:03:48
To maintain their purchasing power, so they have to keep up with inflation, so the spending rate of 5%. 00:03:52
We have to earn something north. 00:03:57
Of inflation by 5% so. 00:03:59
5% plus inflation becomes our goal. 00:04:02
The next page, page 2. 00:04:06
Just shows the asset allocation were predominantly 70% stocks, 30% bonds. 00:04:08
Stocks are very diversified. 00:04:13
As are the bonds and the target is just kind of our asset allocation goals. 00:04:15
And you'll see as of December 31st, the pool fund. 00:04:20
At the Community Foundation that you're in. 00:04:23
Is. 00:04:26
You know, just over 138 and a half million dollars altogether. 00:04:26
You'll notice on the left is. 00:04:31
The pool funds actual asset allocation. It's fairly easy to see. 00:04:33
That, uh. 00:04:37
They're in fixed income and cash. We've got about 29% are. 00:04:38
Kind of target is 30%, so we've got 671%. 00:04:41
In stocks relative to that 70% target. So we're pretty close to that benchmark at the end of December. 00:04:45
The next page just shows you the. 00:04:51
The returns that. 00:04:53
A pool fund is received over the past several years and those. 00:04:56
Bars. 00:04:59
Are the actual returns. 00:05:00
These are after one year. Everything greater than one year is compounded, so annualized so. 00:05:03
You can see for. 00:05:09
Calendar year 2025 up 11.8%. 00:05:10
The last three years have compounded Capital 12 1/2. Same for the last five years. 00:05:14
That's 10 and 15 or a little less than that 87 and 81. 00:05:19
Those red bars are that. 00:05:22
Inflation plus 5% payout. 00:05:25
That is kind of our bogey on this portfolio and you can see what it's done. 00:05:28
And it's been a pretty good, you know, last several years of investing markets have been good. 00:05:32
Inflation while higher. You notice that five year number at 9.7% for CPI +5. So inflation's been 47 over the last five years, but 00:05:37
if you look out over 15 years, it's been more like 28. 00:05:43
Next page just shows. 00:05:50
You know how the Community Foundation's pool fund is done relatively. 00:05:52
A group of peers. 00:05:57
And you can see for 15 years, 10 years 5. 00:05:58
Nine years, which is the period of time you've been in the fund. 00:06:02
Kind of above. 00:06:04
Kind of right at top third to top quartile over all those periods. 00:06:05
And then if you go to the next page. 00:06:09
You'll just see kind of the rolling five year periods. 00:06:11
Going back through time, this is over the last 15 years and you'll see that many of these. 00:06:14
Most of them actually have been certainly above top third, top four top for many of them. 00:06:18
And then the last page of this presentation just takes your fund. 00:06:24
It takes a year by year. 00:06:28
In terms of the beginning market values. 00:06:30
What happened in the year? How much was distributed to Floyd County? 00:06:34
And what the ending? 00:06:37
Calendar year market value was of your portfolio and then has this cumulatively so. 00:06:39
You can see the $70 million. 00:06:44
Was. 00:06:47
Given to the Community Foundation at the right at the end of December. 00:06:48
Of 20/20/2016. 00:06:52
And you can see those red. 00:06:55
Marks across the page. 00:06:57
By the line or withdrawal? 00:06:59
Those are all the. 00:07:01
Calendar year withdrawals and you can see they've averaged between three and a half million. 00:07:02
And $4 million. 00:07:06
Annual distributions over that nine year period. 00:07:09
Adding up to $33.4 million of distributions on your original $70 million. 00:07:13
Donation to the Community Foundation. 00:07:19
You'll also see that. 00:07:22
At the end of. 00:07:24
2025 the portfolio. 00:07:25
Was worth $87 million. 00:07:27
So. 00:07:30
17. 00:07:31
Almost $17.1 million above what you put in. 00:07:32
So. 00:07:36
Uh, all in kind of. 00:07:37
Investment returns if you would, that's at 50 million four 89 of the accumulative column there. 00:07:40
So it's been a good period for investment results over the nine year period. So we've participated in that, you've participated in 00:07:46
that. 00:07:49
You'll see the nine year total of annual payouts I mentioned. It was 33.4. 00:07:53
The average of those annual payouts? 00:07:58
About $3.7 million. 00:08:00
And the payout last year was you know, three million 975 the payout for. 00:08:03
This upcoming year will be pretty close to that, a little bit less, but very close. 00:08:08
You see the average yield principal. 00:08:12
5.3% That just means the cash flow you've received. 00:08:14
Over the nine year period. 00:08:18
Has worked out to about 5.3% of your original cost of your original contribution. 00:08:20
And the current yield is just your most recent payout. 00:08:26
And so 5.7. 00:08:29
You notice there at the bottom of the page. 00:08:32
You know, for the nine year period up 88. 00:08:34
Relative to that CPI +5 number of 8.5. 00:08:37
So by all accounts. 00:08:40
We would say. 00:08:42
We had a program going in to try to achieve. 00:08:44
Paying you 5% and maintaining the purchasing power of your $70 million that it could buy just as many goods and services today as 00:08:46
it did nine years ago. 00:08:50
At least this point we've been successful. 00:08:55
Be happy to answer any questions that anyone has. 00:08:58
I appreciate the level of detail with this and. 00:09:02
Thank you for. 00:09:06
Helping us be good stewards of all of you. 00:09:07
I don't have any questions for the Community Foundation but. 00:09:09
Can we? 00:09:13
Revisit what we use the distribution for. 00:09:14
Do we pay bonds with that? I don't remember. 00:09:18
What do we do with the distribution? 00:09:22
What do we use? 00:09:25
That revenue for. 00:09:27
Yeah, general fund. 00:09:31
Does it go into a separate fund? 00:09:34
So. 00:09:36
Difference between you've got your spend rate obviously of the 800 Community Foundation distribution. 00:09:37
And from what I'm recalling, and. 00:09:43
Bear with me because I'm struggling with the migraine today so my brain is not on par as it normally is. 00:09:47
There is a portion that gets receded into the general fund because it used to. 00:09:52
Get receded to offset. 00:09:57
The cost of. 00:09:59
Employee benefits and then there's publishers portion that gets receded into the. 00:10:01
Capital improvements. 00:10:07
If I were calling accurately. 00:10:10
I think I, I think I am. I think that that's correct. 00:10:12
Sorry. 00:10:16
OK, OK. 00:10:17
Struggle less today, my apologies. 00:10:18
OK, great. Thank you. Thank you. Thank you. 00:10:20
Pardon. 00:10:24
Not having that information at the fingertips would be a bad idea to have that. 00:10:28
Enumerated out and. 00:10:31
Emails that everybody knows exactly that would be great. Just so we understand what that. 00:10:33
Set up, yeah. 00:10:41
And it'll be different once. 00:10:44
You know, I guess the general fund is books a little different too with the upcoming changes. 00:10:46
I know that the commissioners part is still going to pay for a couple of bonds that roll off I think in 2028. 00:10:51
On the bridge maintenance and as one of them and. 00:10:58
Anyway, off the top of my head I don't want to speak incorrectly, but. 00:11:02
I know they're coming up in the near term from being paid off. 00:11:05
So we'll be able to reallocate, yeah. 00:11:09
Perfect. All right. 00:11:13
Thank you. 00:11:15
Very, very much. 00:11:16
Alright, with regards to Floyd County Health Department, I know that a formal presentation was given to the council recently and I 00:11:18
know that the commissioners received. 00:11:22
Uh, copy of the presentation on that as well. 00:11:28
So. 00:11:30
We really aren't seeking a formal presentation on that today. We appreciate you being here for questions and answering on that. 00:11:34
Umm. You know, I'd like to have Nick and or Stan come up and kind of. 00:11:40
Give us an idea. 00:11:47
Well. 00:11:49
Give us a synopsis of where we are right now with regards to this, because I think both bodies have. 00:11:50
Looked at a level of funding for this after you've negotiated back and forth with some. 00:11:58
Correct, Correct. Tell us where we are and how we got there, as you all know. 00:12:03
We bid out the project and receive bids for our target budget was $2.4 million. 00:12:09
That the bids came in at. 00:12:15
29. 00:12:17
2.908 is the total. 00:12:19
The the health department needs to be in there. 00:12:23
Out of their current building by the end of September. So we have a. 00:12:25
Target date to complete the construction and glorious. 00:12:30
So we did move forward with that. 00:12:33
Low bid and entered into a contract with that with the attention of. 00:12:35
Cutting that down to as close to 2.4 as we could. 00:12:40
We have been. 00:12:45
Working with the contractor, we've already cut 240,000 out with the first bulletin. 00:12:46
We're we're anticipating another bullets gonna go out at early next week and. 00:12:53
Work towards that $2.4 million number target that does not include $200,000 for it. 00:12:58
Which is outside of that which. 00:13:06
You all have been updated on that number as well. 00:13:08
Stan can go over the. 00:13:12
The funding gap. 00:13:13
Of where I was at. 00:13:14
So with it were 2.6. 00:13:16
That's the target. I mean, we're still working down the 2.4. 00:13:19
I imagine it will probably. 00:13:23
100,000 of that will have a contingency amount, so. 00:13:25
We have some wiggle room there, but it'll probably be 2.4. 00:13:30
And a half two point, it'll be somewhere in two point. 00:13:33
Lower range we're gonna keep. 00:13:36
Will win it down as close as we can or below but. 00:13:38
That's it. 00:13:41
And where we are on funding and what is the gap? 00:13:42
So we know the current cash. 00:13:46
Balance in the 4501 fund is $1.571 million. 00:13:48
The the band itself was originally taken out of 2.765. 00:13:54
The health department kicked in their CARES money. 00:14:00
And then also two deposits from which was how much? 00:14:03
1.09. 00:14:07
Nine, $1 million. 00:14:10
What was that? 00:14:13
1.091 million. 00:14:14
What? What? What was that? 00:14:18
So, yeah, OK. 00:14:21
Gotcha. 00:14:23
And then let's. 00:14:24
The health department also kicked in two funds they had. 00:14:26
It was a total of $303,000. 00:14:31
Real estate of money or something? If I remember, yes, it was startup money from the Covic line that the commissioners had gave us 00:14:35
seed money and then the other one was HFI funds. 00:14:41
So that that's where we get and then with the disbursements, purchasing the building, keeping all the facilities or the utilities 00:14:47
up. 00:14:50
Making the band payments, that's where we get the the cash balance currently at 1.571. 00:14:54
So taking that number into account and analyzing what the 2.4 may come in. 00:15:00
With the construction plus the 200,000. 00:15:07
It's going to still leave a current gap of approximately $962,000. 00:15:09
Just under $1,000,000. 00:15:16
Is that with 2.4 for the remodel? 00:15:20
Yes, ma'am. 00:15:22
24 for the remodel plus 200 for the IT needs. 00:15:23
Nick, you said we're in a contract, so we've signed. 00:15:29
That's correct. The network, we actually had a construction meeting this morning they've done. 00:15:32
Some demo and some preliminary mechanical and HVAC or plumbing work. 00:15:37
So that we can make up. 00:15:44
Part of that 900,000 by bonding instead of paying off the ban. 00:15:47
Bonding up to the. 00:15:53
Mr. Bannon, Mr. Barrier on online too that kind of give a little bit of a presentation regarding that particular element, OK. 00:15:55
Converting the band to a bond. 00:16:02
Right, but there was also another option presented that I was unaware of when the initial discussions were going on. And that is? 00:16:04
That the the bond could actually be issued. 00:16:10
For up to, I believe it's if you keep it below. 00:16:14
Correct me if I'm wrong. 00:16:16
6.5 million in. 00:16:18
Up to that amount without having to have invoked statutory. 00:16:20
The league on saturated legal issues. 00:16:25
So that gives you another option, It's just that that's going to come with a. 00:16:27
Expensive price tag. 00:16:31
Yes, ma'am. 00:16:33
Yeah, Excuse me. 00:16:36
So make your cue to Brad and Tim. 00:16:38
Yeah, I'm, I'm happy to jump in. So Brad Bingham here with Thorns and Thornburg. We serve as bond council to the county. 00:16:42
And I think maybe it may help everyone just to maybe and even from my own mind just to kind of. 00:16:49
Step back and sort of remember the original plan of finance and kind of. 00:16:54
How we? 00:16:58
What's been issued and why? Why we did it that way and where we are. 00:16:59
So. 00:17:02
When when these the ban was issued. 00:17:04
It was. It was done. 00:17:06
In the size, let's say that way. 00:17:09
To get come up with enough money to pay the purchase price for the building which was 2.2 million. 00:17:11
And then I think Council also wanted to add in just a little bit more. 00:17:17
To budget for for some renovations and that was about in in terms of the source and uses from the ban proceeds. 00:17:22
That was about 356,000. 00:17:30
And I I think everyone knew all along. 00:17:32
That the health department had CARES Act money. 00:17:35
And these other sources that they were going to. 00:17:38
Thrown in the pot. 00:17:40
To do the to do the renovations. 00:17:42
So now we can't come to where we're at and it sounds like there's a there is a gap. 00:17:44
We we issued it as a ban because I at the time. 00:17:50
Course SCA one last year through a monkey Ridge and everything. 00:17:54
But at the time, you all had implemented the public safety lift. 00:17:58
And I think my understanding was you were going to shift. 00:18:02
Some of your expenses out of general fund that were a public safety nature. 00:18:05
Over to that public safety lit fund. 00:18:09
And then the money's freed up in general fund would be used to effectively. 00:18:12
Pay off this ban. So in other words. 00:18:15
You never would issue a bond, you just sort of did this. 00:18:18
Temporary short term financing. 00:18:20
And you were gonna pay it off with with revenues before the the ban became due? 00:18:22
SDA one of course. 00:18:28
Changed a lot of different things, including, you know, public safety, lift and kind of the, you know, that sort of thing. 00:18:30
In order to do the ban, we had to authorize the issuance of bonds. That's the way it works under Indiana law. You have to go 00:18:37
through all the procedures and proceedings necessary to issue. 00:18:42
The permanent bonds. The permanent financing. 00:18:47
Before you can do upon anticipation. 00:18:49
And and we did that and that the maximum authorized par amount for bonds under that ordinance was 3.2 million. 00:18:52
And so you issued a ban for an amount less than that. 00:19:00
In case we ever needed to issue. 00:19:04
Bonds. Now what Stan mentioned, is this, this 6.5 or $6.6 million number? 00:19:06
What that number is, it's the. 00:19:14
Cost threshold. 00:19:17
By which you can stay below what we call the the control projects threshold. 00:19:18
If you have a control project. 00:19:23
That means you're either going to be subject to a petition or remonstrance process if it's requested. 00:19:26
And if it's a high enough cost, you can potentially be in a referendum category again if it's requested. 00:19:32
So oftentimes on these smaller types of projects, you. 00:19:38
Want to make sure you kind of stay below those cost thresholds. 00:19:42
If you want to avoid any sort of. 00:19:46
You know, objection process by by taxpayers. 00:19:48
So I think what what Stan was getting at is. 00:19:53
If the if the will of the Council and the Commissioners is to finance that gap. 00:19:56
This 962 million. 00:20:02
There's a way to do that. You can. You can do it through a through a permanent bond financing. 00:20:05
9 hexes, but understand when you issue those bonds. 00:20:10
Say that one more time 62,000 thousand. 00:20:13
You said millions. 00:20:15
Yes, that's right. I'm sorry. Yeah. 960-2000 to be numbered by him. OK. 00:20:17
So if you want to finance that with bonds, you can. 00:20:22
When bonds are issued though, they they you issue them and you pay off the band, so the band is no longer outstanding. 00:20:24
And you've converted that essentially to a longer term type of financing? 00:20:31
But that the answer is. 00:20:36
You can do that. 00:20:38
If if you choose to that, that's certainly your option if that's how you want to come up with. 00:20:39
The difference to cover that 962,000. 00:20:44
And Tim. Tim could probably run through numbers better than I could, and I don't hope he has a presentation. But. 00:20:49
I'm just trying to set the backdrop in terms of the legal process and what your options would be. 00:20:54
OK. Thank you. 00:20:59
Tim, do you have anything to add at the moment to that? 00:21:02
I was just going to add under the current financing on the ban. 00:21:07
There is optional redemption on or after July 15th of this year. 00:21:13
So you would be able to do so, but would not be able to do that. 00:21:19
Prior to. 00:21:24
July 15th day. 00:21:26
How to pay off that? Could you tell us how much we could expect to get in cash? 00:21:29
If we go ahead and additional cash. 00:21:36
If we go ahead and bond. 00:21:38
That or do you bond it and then pay off the band? Do you get the whole amount of the bond? 00:21:40
OK, you get the whole amount of the bond, so you get the. 00:21:45
3. 00:21:49
4 million, is that right? 00:21:50
2.5 million. 00:21:52
And then we pay off well, Denise. 00:21:54
I think to do to to get to where you want to be, to come up, if you want to come up with. 00:21:58
Additional money to close that $962,000 gap. 00:22:03
We would have to authorize the increase in the maximum amount of the bonds because you'd have to issue enough bonds. 00:22:07
To net out at least 962,000. I don't want to close the whole gap. I don't want to close the whole gap. 00:22:14
I just want to get what? 00:22:21
Over the remaining amount is we can get. 00:22:23
And then close the gap with the. 00:22:26
Go bond money that we have. 00:22:28
That we've already put in place. 00:22:31
So there I want to know. I think there's two. 00:22:34
Components here that we can use to close that gap. 00:22:37
One is we bond. 00:22:40
How much more cash would we get? 00:22:43
If we did that. 00:22:45
And what would the payments be? 00:22:46
And then? 00:22:48
The other part then would be. 00:22:49
How much of the goal? 00:22:51
Govind would we have to use to close the remaining part of that 900,000? 00:22:53
I don't know the answers to those questions. 00:22:59
OK. So with that as a safety net? 00:23:02
So to speak, we know that we could pursue that if we. 00:23:05
If other options were exhausted. 00:23:07
Is there a way that? 00:23:11
The Council and the Commissioners can. 00:23:12
Bridge that. 00:23:15
Having to pursue that. 00:23:16
I mean if we split the 1,000,000 1/2. 00:23:18
We had 500 and 500. 00:23:20
And how much borrowing power do we have left on the go bonds from your end, then from our end? 00:23:22
Well, that, but the the thing about it is, is are we? 00:23:27
I think the first question to ask ourselves here. 00:23:30
And correct me if I'm wrong, Tim and Brad. 00:23:33
Is are we going to pay this? 00:23:35
Ban off. 00:23:38
Or are we really going to end up bonding this? 00:23:39
And then after that. 00:23:44
Then we can make this some decisions about how we. 00:23:46
Close the gap. 00:23:50
But my question would be, do you really want to take on the duration? 00:23:51
Of a bond. 00:23:55
For this because you're talking about a long term bond. 00:23:57
Yup. 00:24:01
20 year bond. 00:24:02
Do we have the cash to pay it just to? 00:24:04
Just to jump in real quick. 00:24:07
The maximum term that's authorized for the violent is 20 years that you're not obligated to issue 20 year bond. So in other words, 00:24:09
if you wanted to do a six year term or five year, you've got that flexibility. 00:24:14
To do that. 00:24:20
I think the Quan. 00:24:22
The current band you are paying interest only. 00:24:24
And then there is a balloon payment. 00:24:28
For the principal. 00:24:31
Do as it is structured today, January 15th of 2030. 00:24:34
What's the cost to change this over from a Band-Aid on? 00:24:40
Jim, do you want to jump in? I mean, excuse me. 00:24:48
I mean, you're going to have transaction costs anytime you do a financing. I mean, I think it's just a plug number. You're 00:24:51
probably in the 1:20. 00:24:55
130 depends if you get it rated, if it's open market, if it's a bank, if it's a. 00:24:58
So it's going to cost us, it's going to cost us $120,000 to change this. 00:25:04
That's what you're telling me. 00:25:09
Yeah, to issue a new obligation to pay off the van that that's exactly right. 00:25:11
You'll have to re go through the. 00:25:16
The legal process. 00:25:18
All of the approval processes. 00:25:20
We would then need to reissue a term sheet. 00:25:24
Seat beds. 00:25:29
On those, evaluate those bids and award those bids. 00:25:31
I I think again, to be clear, I think some of that though is going to depend upon. 00:25:37
Whether you. 00:25:41
Live within the existing authorization. So, so again right now the bond ordinance that was adopted. 00:25:42
Authorizes a Max par $3.2 million and so. 00:25:48
Tim and Crow would have to run some analysis to say OK. 00:25:52
Let's say you did open market on those bonds, could you sell them at a premium to generate enough cash and how much would be 00:25:56
leftover? 00:26:00
After you pay off the ban. 00:26:03
For for, for new money and again, do you get close to? 00:26:05
Half the gap. 00:26:08
If that's what you want to do. 00:26:09
You're definitely going to be able to get all of it. 00:26:10
Into that as when he converts a bond. 00:26:12
If you live within the existing authorizations. 00:26:16
Probably can do a little more cheaply. You can if you do it through a bank not non rated. 00:26:18
Kind of just depends what you want in terms of the. 00:26:24
You would like to leave it the way it is, but it looks like we're not going to be able to do it. 00:26:27
I don't, I don't know, do we have the cash to pay it off? 00:26:33
I don't know if we do or don't, but we. 00:26:39
You know, take a lot of maneuvering. 00:26:42
I think we'll put ourselves in a. 00:26:44
No, bit of a bind, and we've got a lot of. 00:26:46
Uncertainties coming up over the next few years. 00:26:49
With all the SB1 changes and. 00:26:53
The movie message I'm going. I'm still not clear on how we got $900,000 over budget, what we gave them to. 00:26:56
Used to do the renovations. 00:27:04
I mean, I don't want to saddle the taxpayers with any more debt than we have to. 00:27:10
So that's that's my. 00:27:15
I'm just that's my question. What? 00:27:16
What else can we do to get this down? 00:27:18
A better cost. 00:27:21
For the 2.4. 00:27:23
Do we get anything functional? 00:27:24
That we can build out over the next few years. That's where, that's where the council's out right now. We need that answer. 00:27:26
2.4 The construction budget of 2.4 million. 00:27:34
Gets you a very well renovated first floor. 00:27:37
Really nice operations. 00:27:41
What do you mean? Very nice operator, What do we do? This is everything that they need to operate the health department. 00:27:44
I don't have the plans in front of me but I mean this is a newly renovated building. 00:27:51
This will be akin to. 00:27:55
A new construction on the on the first floor. 00:27:58
Nice finishes with all the rooms that they need. 00:28:01
They have substantial operations out of the health department. 00:28:04
The second floor you're going to have. 00:28:09
A number of county departments. 00:28:11
Corner. 00:28:14
Stormwater GIS. 00:28:15
Solid waste. 00:28:17
Building and development. 00:28:18
Weights and measures. 00:28:21
And and and this will be a newly renovated, It'll be finished building. Yeah, it'll be perfectly functional. 00:28:23
And then we can add on to it. And yes, we're eliminating the drive through. That could be a future thing if that's something that 00:28:29
we can find money for. 00:28:33
But all the core functions of the health department will be completed there and the other operations that are occurring. How many 00:28:37
exam rooms are we talking about on the first floor? 00:28:42
For exam room. For exam rooms. 00:28:48
So. 00:28:52
How many exam rooms do we have now? 00:28:58
2 so. 00:29:01
There are times that you have to vaccinate in the offices. 00:29:04
We can get really, really backed up. 00:29:10
Tell me that is a. 00:29:13
I mean. 00:29:14
That's a bigger space you're going to right though. 00:29:15
Where we're going to be at now when you move. 00:29:17
To where you're at now. 00:29:20
So I mean, I think the answer is. 00:29:24
The 2.4 plus the 200 on it gets you to a very. 00:29:26
Usable, very functional facility now that yes, can be built out on. 00:29:31
In the future, many of our recent. 00:29:35
You know the Chase building. 00:29:38
Renovations. We've got the second, the third floor. We're not gonna have the 4th floor. 00:29:39
Another couple years, you know, we're gonna have the 1st for a couple years. So all of these are works in progress, building 00:29:43
forward so. 00:29:46
I think we should be focusing on the 2.4 plus. 00:29:49
The 200 and going from there. 00:29:52
Undertale. 00:29:54
Couple of things quick. 00:29:56
Stan, just to clarify the. 00:29:58
You had said that. 00:30:00
At 1.091 CARES Act money. 00:30:02
Came from the health board, but that was the county actually allocated that. Yes, Sir, it was actually designated by the county, 00:30:05
by the county for the health board. Yes, Sir, that's correct. 00:30:09
And then the tower of Pinkster, which kind of came in over that. 00:30:13
That contract had initially been signing. 00:30:17
Find the Health department. 00:30:19
It was presented, the commissioners by the health department presented, so it was kind of a joint effort on that, I said. But I 00:30:20
think everyone was kind of caught. 00:30:24
Off guard a little bit by that increase and that's what we're trying to. 00:30:29
Yes. So come to grips with right now. So again my question is at 2.6 if our gap is 1,000,000. 00:30:32
What options do we have here at the table that we can come up with? 00:30:39
That would negate the need to go back and. 00:30:42
Yeah. Well, I, I think we should go ahead and bond. I think we should bond over a 20 year period. 00:30:45
I don't know what the payments would be. 00:30:51
But if we did come up with. 00:30:53
Some cash. 00:30:56
As we get into these uncertain years in the next two years are very uncertain. 00:30:57
And then we can. 00:31:04
Pay that off if we choose to. 00:31:06
But I don't think we should tighten ourselves down. 00:31:09
By trying to pay this off. 00:31:12
And uh. 00:31:14
I think we should. 00:31:15
Try to give them a. 00:31:17
Functional building that was going to be. 00:31:18
Of there for. 00:31:20
The future for the long long term preacher. 00:31:23
For our community. 00:31:26
I don't know what is a payment. 00:31:28
On the on the bond as it is written at right now 3.43 point 4, is that right? 00:31:30
I I keep. 00:31:38
Hearing different numbers 3.4 million we can go up to. 00:31:39
Three points 3.2 under the current bond ordinance, and again somebody will have to make an estimate as far as interest rate to 00:31:43
kind of figure out, you know, what that annual payment would be. 00:31:48
I know Tim loves practicing, you know, back to the napkin calculations on the fly, but. 00:31:54
I'm sure. Remember this is a general obligation bond. 00:32:00
So the. 00:32:03
Bond payment would be appropriated from a tax levy. 00:32:04
Assessed on the property taxpayers, Floyd County. 00:32:11
So over 20 years 3. 00:32:15
Yeah. 00:32:18
3.4 / 20 years is what kind of payment? 00:32:19
Just give me a ballpark. 00:32:26
But so the question is, are you wanting to? 00:32:27
Just do that gap. 00:32:33
Of what you are authorized up to at this point in time. 00:32:36
That's my proposal. 00:32:41
So I want to put a proposal on the table. 00:32:43
I want to put that yes and then the rest of the. 00:32:46
Renovation costs. 00:32:50
Would come from. 00:32:52
The gold mine. 00:32:53
Money. That's your current outstanding bond that you issued in December. 00:32:54
Exactly. 00:33:02
How much? How much of the council's GO bond portion is still available? 00:33:04
I had that number last month, but I last time, but I don't know four or five as far as not. 00:33:10
And that's spoken for. Oh, it's all spoken, It's spoken for. 00:33:17
It's all spoken for. 00:33:20
No, and now there is half $1,000,000 set aside for it. 00:33:22
Yeah, those accounts, I mean the. 00:33:27
Are earmarked for it, we'll say, but. 00:33:31
And the rest was for sheriff cars. 00:33:35
Well, but over at the next three years. 00:33:37
So I'm sorry. 00:33:39
But that's over the next three years, yeah. 00:33:41
And we didn't get on the full amount this year. Go ahead. 00:33:45
What we I just. 00:33:48
Not speaking for Gary, but we've been talking about this. We do have. 00:33:49
His funds are committed, he's ready to go. What we were going to bring into the next council meeting to share that with you. 00:33:53
Of what his actual plan looks like, it actually came in a little higher than expected because of pricing. It's 574,000. 00:33:59
Again, just to kind of give you a brief update there, so. 00:34:06
And if I may, without overspeaking, I understand what you're trying to do. I think if you convert the band to a bond. 00:34:10
You take that available bond money and you apply, which would probably be somewhere in neighborhood of. 00:34:15
303 hundred $20,000 roughly. You apply that to the points. 00:34:20
Are the 960,000 plus? 00:34:25
Reducing the gap to 650,000 roughly split that between Council and Commissioners. 00:34:27
It makes it a little bit more plausible, freeing up some Gold Bond monies as well. So right. 00:34:34
And that would be my proposal right there. What's dangerous laid out? 00:34:39
And what that's different, what does that do for the taxpayers? 00:34:45
What does that do for the taxpayers? Yeah, as far as what their their debt is going to be. 00:34:49
You know, all of this is all already in place. 00:34:56
So I mean, we get we don't have a bond. 00:34:59
Well, the bond is, the bond payment is going to be somewhere in the neighborhood of about 200,000 a year. 00:35:03
And we would have to find a. 00:35:09
Place to play, pay that from. 00:35:11
But. 00:35:13
I think I and I ask. 00:35:14
I don't know do we have? 00:35:17
Baker Tilly doing an analysis of what our. 00:35:18
I haven't seen one in over a year. 00:35:22
So I, I, I mean, I'd like to know what our. 00:35:25
Auditor's office over the last two weeks, putting it together. OK, good. 00:35:29
Good, good. 00:35:32
I just talked to Paige the other day so to confirm. So we should have something soon. 00:35:33
I think that she's looking at. 00:35:39
The June meeting potentially for presentation, I can't remember. I think. I think this must has thrown Page a little bit behind in 00:35:41
her. 00:35:44
Obligation to get this completed, but. 00:35:48
OK. 00:35:51
But but the the other option is we we come up with a way to pay 200,000. 00:35:56
Over a 20 year period. 00:36:03
Or we come up with a way to pay 2.7 million. 00:36:04
By what is it? 00:36:08
The next three years. 00:36:12
In terms of the band is. 00:36:16
2030. 00:36:20
20-30, yeah. 00:36:20
And we don't fill the gap. 00:36:24
So those are both the those are the options in my head. 00:36:27
Uh. 00:36:31
Are you thinking anything else? 00:36:35
I am definitely not for 20 year bond. 00:36:42
I'm up for a bond. 00:36:44
I'm not at all. 00:36:45
At this point. 00:36:46
I've got some radical thoughts. I don't know if you want me to lay those out right now, but. 00:36:52
That was a good time. 00:36:58
I'd be in favor of looking for another location and put it for sale. Sign out for that one. 00:37:01
In all honesty, because. 00:37:05
I think it was. 00:37:07
Well, can we pick somebody else to give us the estimates then? 00:37:08
I mean, I don't know who, I don't know who picked that. 00:37:12
I know nobody knew location close by that's 8000 square feet and set up for doctor's offices right now. 00:37:15
At a cost of $700,000. 00:37:21
So. 00:37:24
I think we got time for that. 00:37:28
Absolutely. 00:37:30
It's vacant. I think this thing is spun so far out of control that we are trying to. 00:37:31
Put a genie back in the bottle that it's never going to go. 00:37:37
And unless we want to. 00:37:40
Unless we want to. 00:37:43
Saddle the taxpayers of this county with a a bond when we had, when we know what all we have. 00:37:47
Coming at us over the next few years. 00:37:55
So. 00:38:01
What's that do to the where we are? 00:38:04
With the current. 00:38:07
We owe a contractor. We have a contractor who's done a substantial amount of work. 00:38:09
And what I would say is devalued that property at this absolutely, absolutely. 00:38:14
And. 00:38:18
I mean, there's a lot of sound calls into this. 00:38:19
Can we do a contract? 00:38:23
As we've talked about SO. 00:38:25
As far as getting more bids, no, we've already done that. We selected one. 00:38:27
Tower Pinkster, to answer your question, was brought forward by the health department as who they wanted to utilize for an 00:38:31
architect. 00:38:35
County executed on that contract. We then did the bidding. 00:38:38
Came in higher than. 00:38:42
What those estimates were? 00:38:44
But we do have that contract with the current. 00:38:47
Company, we did put in that contract that we could negotiate down. That was part of what we discussed that contract and we were 00:38:50
negotiating it. We put language in there so that we could. 00:38:55
Deal with change orders down. There also were some options for change orders up. 00:39:01
Because I know there were additional options that were sought and I understand all that, but I mean, it's just like they knew what 00:39:05
the number was. 00:39:08
They knew what they had to work with. The number was 2.4 million. 00:39:11
And and. 00:39:14
And that's where we can get, we can, we can get down to there. 00:39:15
That that's so. 00:39:20
Yeah, from the commissioner standpoint, I, you know. 00:39:22
I think. 00:39:25
If the gap is 1,000,000 I think. 00:39:26
We could probably close half of that with. 00:39:27
R Govind Fund. 00:39:30
That we have not committed it. 00:39:32
Um, am I accurate in it? 00:39:35
Assessment stands. 00:39:37
So. 00:39:39
You know. 00:39:40
We we can meet half of that obligations. 00:39:43
Of that gap. 00:39:46
It's just a matter of whether. 00:39:47
I would rather find it than bond it. 00:39:49
That's where I am as well. And by doing that, by the way, we're putting up purchasing. 00:39:51
Some Rd. equipment that we had talked about trying to do sequentially year after year, but. 00:39:56
You know, we have this before us at this point in time and. 00:40:02
We have a functioning fleet. 00:40:06
That we are supplementing so. 00:40:09
Well, this building's for sale. 00:40:11
Yeah. 00:40:14
I'd also like to talk to the sheriff. I mean we gave him half $1,000,000 to buy new cars just last week. 00:40:16
Which leaves us the 1.4. 00:40:23
I don't know if he think about. 00:40:27
Half that this year, and maybe. 00:40:31
Filling the gap next year? 00:40:33
I don't know what the situation is totally. 00:40:36
I didn't. I didn't understand. Can you say that again? 00:40:39
Well, we gave the sheriff a half $1,000,000 last year, this last meeting, right for the cars 400. 00:40:42
Was it 400,000? I'm sorry. 00:40:48
But I was wondering if I mean all in my end of the discussion with you to see if we can't. 00:40:50
Maybe he could come up with some additional funding that we could maybe recoup some of that to help us out in the long run. 00:40:54
If not that, then maybe next time he comes we might have to. 00:41:00
Renegotiate. 00:41:05
I see a smile on Mr. Bradbury. Well, I keep bringing it up and just keeps getting shot down and shot down and shot down. They got 00:41:06
that commissary fund and I got him to sit here at the stand and acknowledge they pulled out 200,000. 00:41:12
His first year in the office for. 00:41:18
Vehicles, why they can't do that in the future, especially moving forward, but we don't have any control of their spending so. 00:41:20
We could not give him the money. He'll go find it then. Well, that's what you do. You don't give him the money, he'll figure it 00:41:27
out. 00:41:30
How fast, how bad does he want the cars? And what's he putting all this money in, these special projects out in the commissary 00:41:33
fund? I think if he's not buying cars, he's buying something else. 00:41:38
I don't, I don't know. 00:41:43
I haven't been down. I don't know. 00:41:44
So. 00:41:49
I agree with you. 00:41:50
I agree with. 00:41:51
I still don't think we have the cash to pay off this. 00:41:53
The Band. 00:41:56
I I mean, maybe we will. 00:41:59
Bye. 00:42:02
By 20-30, I don't know. 00:42:05
Anything further to add Stan? 00:42:09
Islam. 00:42:12
I mean, I at this point, the way that I see this is that we have an obligation that we put forward to the. 00:42:14
Public that we were going to build this building. We have a. 00:42:20
Legal contract to do it. We have a building that has started renovation. 00:42:22
I agree with this. 00:42:26
Statement down here that I would rather scrape something back in rather than put more debt. 00:42:29
And I said we do have. 00:42:35
Half of that gap that we can. 00:42:37
Close. But yeah, we're gonna have to prioritize. 00:42:39
Looking forward to the 2030 balloon payment as well. 00:42:42
So I don't understand. I asked you to come up there and then I. 00:42:45
I I think your points are very valid Sir. That and the only thing I'd like to add to it is. 00:42:49
Regardless of what we choose to do, we still have. 00:42:53
Utility payments that are coming out, we still have obligations for the band payments themselves. 00:42:56
That we have to find a funding source. This gap doesn't necessarily include a lot of those. 00:43:01
Functional items. 00:43:06
As well. So we still need a. 00:43:08
Revenue source to. 00:43:11
Meet those financial obligations as well. So we're looking at the surface the remodel, the IT needs. 00:43:13
The band the. 00:43:20
Potential bond, whatever, and then the gap itself. 00:43:21
But none of that actually pulls into. 00:43:24
Account. 00:43:26
And the amounts aren't aren't extremely large, but. 00:43:27
They're still expenses that we are under obligation to. 00:43:31
If we stay with this facility to continue moving forward so. 00:43:34
So if we put forward our GO bond funds, the gap is 500,000. 00:43:39
And I would encourage us to. 00:43:44
Scrape together what we can from where we can to close the rest of that. 00:43:47
And so forth with that path at least. 00:43:51
It would be my thought on it. 00:43:54
Should we ask our? Should we ask our financial experts what they think? 00:43:58
Or if they have an opinion. 00:44:02
Well, I'm sure they like first to bond. It may have $120,000 but I I don't want to do that. 00:44:03
Nothing personal guys. 00:44:09
I mean nothing. No, no. 00:44:11
I I agree and I, you know, again. 00:44:13
So couple things that this raises my head when I hear like using the 25 Geo bond proceeds for this project. My first. 00:44:16
Concerns like do you somehow? 00:44:22
Make those bonds a controlled project and and no, the answer is no, because the total cost that we're talking about here. 00:44:24
For this, the Health Department building. 00:44:30
Is still below that cost threshold. 00:44:32
I've got no problem with this so legally. 00:44:34
Yeah, you can do that. You know the commissioners want to. 00:44:36
You use the Geo bond proceeds that they were allocated and if council would I mean. 00:44:39
You've got the the leeway to do that if you want to. 00:44:43
But look, I'm not in favor of issuing bonds. I mean, I'm, I'm, I'm with you. I think if there's a way to do it without that, 00:44:47
obviously save money, you know, don't, don't do more debt. 00:44:51
Hey, Brad, quick question when? 00:44:58
When's the next time period for we could do another go bond? 00:44:59
You always can do so. You always look for those. You always have to look at what is your. 00:45:06
So there's a limitation on indebtedness capacity and I'd have to go look at the the transcript from 25 to kind of see what your 00:45:11
debt issuance margin is. 00:45:15
Back the napkin, rough, rough idea. I'd say it's your. Your capacity is probably around 20 million. 00:45:19
So you can do those, you know, whenever you want and again, the only thing is you. 00:45:25
Use it to do before the end of the year to get the debt levy in place for collection next year. If you missed that, it just takes 00:45:29
a lot, lot longer. 00:45:33
When does the current one? 00:45:36
When is the current one paid off? 00:45:38
Let me look. I think that was a fairly short duration. 00:45:43
I think that's right. It's fairly short. 00:45:46
The 2025. 00:45:50
Yeah. 00:45:52
Uh, I looked at it. I think it was five years maybe. 00:45:54
Yeah, yeah, that's what I remember. 00:45:58
Actually, it's it was 10 years. The final jury of the 25 Geo Bonds is December of 2036. 00:46:02
Yeah, 10 year, 10 year maturity. 00:46:08
Because the goal was to not increase the property tax rate at the time. 00:46:14
Right. 00:46:18
So can we pull principal out of either Community Foundation? 00:46:21
Our legacy. Does anybody know? 00:46:27
Well, commissioners have passed the spend rate. Are you talking about the actual principal, not just the spend rate, right? 00:46:30
It's been a long time since I've looked at that I feel like. 00:46:37
Is the way to do it, but there's a supermajority. I'll just in my head, I feel like it's a supermajority. 00:46:41
Copy of the ordinance today, but I'm not sure if you've had time to review it. 00:46:47
It's not to look into it last year and it's a super majority, I think for both bodies. Institute executive. 00:46:50
And it's got to be. 00:46:55
Part It can't be December 31st of January 1st. It's got to be. 00:46:58
One year party. 00:47:02
And there's a limit on it. 00:47:05
The rest like less than 10% or $2,000,000, right? 00:47:06
OK, well we only need 900. 00:47:11
That's what I was thinking for this. 00:47:13
No, if you want to pay the if you want to pay the ban off, we need 2 point. 00:47:15
Well, 2.7, I mean, at the moment we need 500, yeah. 00:47:20
So. 00:47:28
We have other issues tonight too to talk about too. Just, I'll just. 00:47:30
Yeah, let me ask if the Council is there an appetite for? 00:47:33
Committing 500,000 and and. 00:47:37
No bond funds. 00:47:39
For to make a half of this short call. 00:47:41
I would. 00:47:45
Yeah, you say what? 00:47:47
Yeah, I would if there's a guarantee we're going to cut. 00:47:50
Elsewhere. Oh, absolutely. 00:47:53
Yeah. 00:47:55
I mean, but we need to specify what that cut is while we're doing it. 00:47:55
I agree, that's what I would like. The money won't be there so well the. 00:47:59
If we're going to hold a commitment to the sheriff, it's going to have to. 00:48:05
You'll have to come out of public safety funds. 00:48:08
Well, I don't know what. 00:48:11
Oh, I mean, we've talked. 00:48:14
They talk. 00:48:15
So I mean it's there's nothing. 00:48:16
I'm talking about it. 00:48:19
If you're going to reduce his. 00:48:20
Car payments, but that you're gonna have to take it from public safety to make it up. 00:48:22
Correct. Any combination of that. 00:48:26
With his input as well. 00:48:28
But. 00:48:30
I'm just trying to get to the half a million. 00:48:31
To the number we're at the. 00:48:35
24 plus IT. 00:48:37
And fill that gap. 00:48:39
Right. That's right. Yeah, I. 00:48:40
I'm agree. I was agreeing with you, Al. I would. 00:48:42
I'm good. 00:48:44
When you take formal on that or will be. 00:48:46
I mean. 00:48:49
Among the committee, we're OK. 00:48:50
Did we advertise? 00:48:53
When you need to take. 00:48:55
Any kind of work? 00:48:56
Formal vote on anything. We're talking go bond. Those monies are already appropriated as far as advertisement purposes go, so the 00:48:57
bodies can vote to commit those portions as they choose. 00:49:03
So I'll make a, I'll make a motion. 00:49:09
I'll make a motion to. 00:49:13
It's not appropriate. 00:49:17
Right, they're probably going to commit. 00:49:19
$500,000. 00:49:22
From the go, Bond proceeds. 00:49:24
From the Council. 00:49:27
For the Council. 00:49:29
Portion. 00:49:30
For to make up the difference in the. 00:49:34
Monies needed to finish the health department. 00:49:39
500,000 from the Gopan. 00:49:43
Is there a second for that? 00:49:45
I'll second it. 00:49:51
We have a motion and a second. 00:49:52
I just want to clarify this is a. 00:49:54
Do not exceed up to. 00:49:56
Are you OK with that? We're. 00:50:02
Because we're slightly below 1,000,000, but yeah, with. 00:50:03
With the idea that is not. 00:50:06
Correct. I don't want to nail it down to 481. 00:50:09
1000, but do not exceed 500,000. 00:50:13
Yes, everybody's good with that. Any further discussion? 00:50:16
All in favor say aye aye. Any opposed? 00:50:20
That carries on the council side. OK, I'll look for a similar motion. 00:50:23
Looks the commissioners on that. 00:50:27
Yeah, I'll make a motion that the commissioners. 00:50:29
Commit up to $500,000 to bridge the gap. 00:50:32
Can the health department? 00:50:35
Project. 00:50:37
From Gobot Money. 00:50:38
And I'll second it. 00:50:41
OK, all in favor, aye? 00:50:42
All right, there we go. Item one's done or item 2's done. 00:50:45
We do have the animal shelter and we're. 00:50:50
Talk about funding on that one too is what's? 00:50:52
We'll hold that for the end here. So I free the EMS. 00:50:55
3A and interlocal agreement. 00:50:59
Which is for the Commissioners. 00:51:02
I see Miss Fox approaching the coding, which is fantastic. 00:51:05
I got the nod. 00:51:09
Yeah. 00:51:10
OK, so this one is we've we've been working on this interlocal for the Ms. 00:51:12
A structure and moving forward the EMS services within Floyd County. So I think that everybody should have a copy of that we've 00:51:17
got. 00:51:20
Two things. A resolution. 00:51:24
As well as the interlocal. The interlocal is referenced as an exhibit to that resolution. Each body needs to pass the resolution. 00:51:25
And then separately from that, we have the appropriation for the money. 00:51:32
For that interlocal agreement. 00:51:36
Any questions? 00:51:42
I have no questions on that. So we'll. 00:51:44
Again, do 3A first interlocal agreement. 00:51:46
Presented this evening or afternoon amongst the Commissioners. There's no discussion for motion to. 00:51:50
Prove that, yeah, I'll make a motion to approve the interlocal agreement for the consolidation of EMS services. 00:51:57
And I will second that. Sorry, just to clarify, can we make that the resolution along with the interlocal please? 00:52:02
All right, while I'm. 00:52:09
I'll amend my. 00:52:10
Motion to include the. 00:52:11
What kind of resolution 2026-05? 00:52:13
05. 00:52:17
Yeah, which is the resolution for the Floyd County Board of Commissioners approving an interlocal agreement with the Georgetown? 00:52:19
Township Fire Protection District. 00:52:25
And I'll second it again, OK, All in favor, aye? 00:52:27
Thank you, And then we also need the Council to take the same action on the resolution as well as the Interlocal. 00:52:32
Interval requires both bodies, given that it's. 00:52:37
And this is how the public safety I, I don't know what the three million, I don't know what the 3,000,000 is for specifically. Can 00:52:40
we lay out it's in your packet? 00:52:45
OK, I've seen part of it. 00:52:50
Was that sent to us previously? 00:52:52
Yeah, because I missed it if it. 00:52:55
I see 1.8 million. 00:52:57
I believe they. 00:52:59
Get that? If that's up to. 00:53:00
3,000,000 not. 00:53:01
It's up to $3,000,000. We advertise that two $3,000,000. I believe that the specific amount requires meet the interleavel is less 00:53:02
than that. 00:53:06
1.8 Yeah, I think we were two point. 00:53:11
I see 1.8. Where's the? There's several different numbers within the interlocal itself. 00:53:15
So can. 00:53:22
Do you have to interlope in front of you? 00:53:23
OK. I'm looking because we had several different things. We had startup costs. 00:53:25
We had. 00:53:30
The initial hiring, so how much is that? 00:53:31
I mean, I want it laid out. 00:53:34
OK, I want it laid out. 00:53:35
Sorry. 00:53:37
I mean, I know this is going to take some time, but I don't want to approve 3,000,000 without understanding what it's for. 00:53:39
So under Section 6 it talks about the financing, budgeting and cost sharing. 00:53:44
So there's the pre transition cost of 325,000. 00:53:49
300. 00:53:55
You're here? Yeah. 00:53:57
And and we have, did we have this previous because I've not seen this till it's been circulated out several times in the last 00:53:59
couple months. We've been working on it for months. 00:54:03
Have I? Have I? 00:54:08
See. OK, I I haven't, I don't know, maybe. 00:54:10
I actually thought it was gonna be 3.5 so it's better. 00:54:14
325 for that transition under B, there's 181,000 and some change for the ongoing EMS deputy chief compensation. 00:54:20
So the ongoing deputy chief is going to make an additional 181,000. No, let's pay benefits. 00:54:33
Compensation, benefits, total compensation kind of up and that's his total compensation. So we're hiring a new chief and it's 00:54:42
going to be this amount. He's not transitioning. 00:54:46
Point that chief, I don't their hearts they're. 00:54:51
The point he's he's right there. 00:54:54
And OK. 00:54:59
OK, 181 for the Chief. 00:55:01
And then what happens to the other chiefs? 00:55:03
Now this is EMS. 00:55:06
We're not changing the fire structure at all. This is OK. 00:55:09
Bringing the EMS structure into the territory. Gotcha. Yep, and then so. 00:55:11
Again. 00:55:16
The way we've structured this is that the fire territory will be responsible for hiring. 00:55:17
Doing the any sort of quoting, bidding, anything like that that's necessary. 00:55:22
But the county will be paying for those things through correct the startup costs and the different costs under Exhibit 1 is where 00:55:27
you're going to see. 00:55:31
What we've laid out as being the 2026 budget. 00:55:35
That's 1.8 in some change. 00:55:39
Kind of get up and running for the EMS structure. 00:55:42
We put language in the interlocal that on an annual basis the fire territory and the Commissioners and Council will sit down. 00:55:45
And come up with the next annual budget. 00:55:53
OK. So that we're talking about what that looks like, what's been spent. 00:55:55
How much revenue they've had come in that we can then maybe utilize to reduce the annual budget if possible. All of those kind of 00:55:59
things are structured within the Interlocal. 00:56:03
OK, just like we do all the other. 00:56:08
Yes, yes, Sir. 00:56:12
And just as a headset, the last time that this was circulating was from Miss Fox to the entire bodies that you have there on 00:56:13
Friday. 00:56:18
Yeah, true. That was the final version, but it's been sent out several times before, OK. 00:56:23
This Friday, OK. 00:56:31
So I've got 2,000,000 three 15 so far. 00:56:33
Exhibit 1 does not have. 00:56:37
Angels, as we've already appropriated that, yes. 00:56:39
The ambulances that you've already decided to purchase. 00:56:43
Yeah, which were under a separate contract, not this interlocal. OK, via this interlocal, we will transfer them to the fire 00:56:46
territory if something happens with the fire territory. 00:56:50
We get those back. 00:56:54
OK, OK. We got the other one. So I see two point. 00:56:55
Two Million, 3:15. 00:56:59
Is what I've added up. 00:57:01
So I would. 00:57:03
I'll make a motion to. 00:57:04
Appropriate 2,000,005. 00:57:06
Out of the. 00:57:10
Public safety. 00:57:13
And is that? 00:57:15
Fund, 1170. 00:57:19
Hold on just a second. Is there a second for that? 00:57:23
Seeing none. 00:57:28
Mr. Dixon, please go ahead. 00:57:30
Hello so the. 00:57:31
I believe it's the spreadsheet from Microsoft Excel totals around $3.6 million if that's. 00:57:33
The one you are looking at 1.5 million. 00:57:39
OK, No, it's not. 00:57:42
Correct. 00:57:46
So. 00:57:47
By my calculations right now there should be around $2.1 million or remaining. 00:57:49
You need 2.1 total 900,000 of that 2.1 million. 00:57:54
Is able to be paid. 00:58:00
Over up to three years, interest free. You don't have to buy that right now outright. 00:58:02
That puts your payment down. 00:58:08
You know what? One point. 00:58:11
She'll take 600,000 out of that. 00:58:14
Then you have another $360,000 which is. 00:58:17
Reimbursing Highlander for their ambulance. Now you're down around 800,000. 00:58:20
Those are those are the capital purchases that would be not yet. 00:58:26
Out the door. Say that again. Say, say, say what we're going to do. We're going to buy the. 00:58:30
Ambulances from Highlands, there were there were some discussions about. 00:58:36
That OK, because so that's not important. Yeah, this is not that's not a part of this, OK. Yeah, this is that's that's a different 00:58:39
thing that has yet to be negotiated. 00:58:43
So based on what you just said, now we're down to 1,500,000. 00:58:48
Yeah, I appreciate Mr. Dixon thinking like what he had come up with our territory. 00:58:53
Mr. Schultz, Mr. Sharp and myself sat down with their attorneys and came up with, okay, what do we really need for 2026? Again 00:59:03
with the thought that 2027. 00:59:08
The boards will come back together and establish another budget for that. We didn't want to commit to a number for 2027 or any 00:59:14
year thereafter. 00:59:17
Without being able to actually. 00:59:20
Look at what that needs to be so. 00:59:22
That's the 1.8. 00:59:24
Yeah, that's the 325 startup costs, that's the 181 for compensation, yes. So why would we appropriate 3,000,000 three million? 00:59:25
It was an up to. We didn't up to. 00:59:35
I'm sorry, that's, that's $700,000 of up to. We did that to make sure that we were covered because we were still negotiating the 00:59:38
final details. 00:59:42
That's that was an advertisement, Denise, that was. 00:59:46
OK, correct. That was just an up two number. OK, we were covered when we came down to the final numbers of what that looked like 00:59:51
and what we could pull out of the. 00:59:56
Original budget that was discussed, which I think was the original 3.2 number. 01:00:01
OK. So can you give us a good number of where we're, where we need to be on this appropriation? 01:00:06
And then I think. 01:00:12
I think Miss Conkel said up. 01:00:15
To 2.5. 01:00:17
I think covers where we are. I think 2.5 is fair. 01:00:18
Is that separate from? 01:00:23
Recipe and separate from this, no, she's asking for the total which we have 1.8325 and 180. I would go to three. 01:00:25
That gives you $200,000 to. 01:00:35
I'm sorry. 01:00:38
I think that's probably fair. You good with that? 01:00:40
Yeah, yeah, it's a. 01:00:43
So I have a breakdown of some cost savings, things I've done where that time comes. 01:00:45
Don't spend it without applying it. 01:00:52
And I've sat down with Mr. Dixon. 01:00:56
A half dozen times, probably. 01:00:59
And every time I do, he comes. 01:01:01
With another. 01:01:03
Cost saving measure or. 01:01:04
Org. 01:01:07
25,000. 01:01:07
It's it's it's refreshing. 01:01:09
If, if you don't mind if, if Denise, if you want to redo your motion, can you include the really just wanted to hear him first. 01:01:13
Can you include the interlocal that we have to? I was just going to ask, do we have to do the interlock forward? We need to do the 01:01:19
resolution, which is the resolution that approves the interlocal. I think you guys are on O2 if I'm not mistaken. So we have. 01:01:26
Council resolution 202602. 01:01:33
Which is approving and signing off on that those as well as the. 01:01:37
Appropriation. So we can do one at a time or you can do all three. 01:01:43
Yeah, you're doing it one at a time. OK, let's start. 01:01:48
OK. 01:01:52
Does somebody else want to make it? Because I don't know. 01:01:53
Not great. Let's start with the resolution. OK, so I'll make a motion to accept the resolution. What number is it, 02? 01:01:55
2026202602. 01:02:03
O2 is the legacy foundation. Oh, I apologize. So are we. 01:02:06
3. 01:02:10
I believe that one is 03. 01:02:10
03. 01:02:12
Sorry. Which is I'm sorry 0303. 01:02:14
I'll second. 01:02:20
I have a motion and a second for. 01:02:22
County Council Resolution 202603. 01:02:23
For EMS service, any discussion? 01:02:27
All in favor say aye. 01:02:29
Any opposed? Aye. 01:02:31
That resolution carries. 01:02:33
Next, the interlocal agreement. 01:02:35
I moved to approve the interrogal agreement with with Georgetown Fire. 01:02:39
Yes, Sir, with the fire territory. 01:02:43
I'll second we have a motion and a second for the interlocal. 01:02:46
Any discussion on that? 01:02:49
All in favor say aye. 01:02:52
Aye, any opposed? 01:02:54
That carries. 01:02:55
Next is the appropriation. 01:02:57
Make a motion to appropriate. 01:03:00
2.5 million out of fund 1170. 01:03:03
Can you? 01:03:09
Can you phrase it as up to? 01:03:09
Sorry, I'm up to tonight. Thank you. 01:03:11
Up to $2.5 million out of Fund 11. 01:03:14
I'll second, we have a motion and a second for up to 2.5 million out of. 01:03:19
Public safety lid. 01:03:23
Any discussion? Yeah, I'd like to say something briefly that, yeah. 01:03:24
I just know from the. 01:03:28
Representatives from. 01:03:30
Both Lafayette and Greenville Township that they weren't happy with this deal with the Highland fire and merging of all this. So I 01:03:32
do not support this in any way. 01:03:36
And I'm. 01:03:41
Doing what? My taxpayers in my area? 01:03:42
Do not want. 01:03:45
And I'll, I'll, I'll add, I'll add on to that there is a lot of. 01:03:48
Headache about this out in Greenville and Lafayette. 01:03:53
And the reason is the tax rates. 01:03:56
Are out there are going to be more affected than anywhere else. 01:03:59
And I think we really need to do some due diligence and trying to use some of the cash that we have on hand. 01:04:03
To get that rate down for next year? 01:04:10
By putting some cash into that. 01:04:14
Upfront and I think we have some cash that we've collected from the public safety that that we can do that with. 01:04:18
So I think there's going to be more just. 01:04:24
Greenville effective with this. 01:04:27
Well, everybody gets affected if we put the. 01:04:29
The money. 01:04:32
They have gone in the last five years from having an owl. 01:04:34
Volunteer Fire Department. 01:04:40
To a contract to and then. 01:04:42
You know, it's just been a progressive. 01:04:45
Upward motion. 01:04:48
For them. 01:04:49
And it's. 01:04:51
We we are hearing it about. 01:04:53
We are hearing about. 01:04:55
So what's my understanding that within? 01:04:57
Years ago. 01:04:59
This is just a start out. It's going to drop, I understand. But if we have the opportunity to lose some of our cash, when I went 01:05:00
to the presentation, it's not dropping, it's just leveling off. Once you get the raise, you pay that raise every year so it 01:05:04
doesn't drop. 01:05:09
We need to really look at those rates and that's why I wanted to get Paige to take a look at some of this and see if we could. 01:05:14
Use some of that cash to bring those rates down for 2027. 01:05:21
We had cash. Why did we go through the last discussion with the help? 01:05:25
We do have some cash on hand with why didn't we use it for the health department? 01:05:30
No, Mr. Backshall, do you have? I just want to point. 01:05:34
Prioritize some cash. 01:05:39
I just want a point of clarification is all I want. 01:05:40
The center local. 01:05:43
With the intent, Mr. Dixon of. 01:05:45
Two to three years down the road, this body don't have to deal with. 01:05:48
Ambulances or fire trucks or nothing. 01:05:52
Anymore, this is startup costs. 01:05:54
Just your point of clarification, So. 01:05:58
We're and we did whip and. 01:06:00
I voted for the property. I mean the public safety lid. 01:06:03
With this intention. 01:06:06
But. 01:06:08
Just to be clear. 01:06:08
Hopefully two to three years down the road, this body won't have to deal with that anymore. It'll be fire territory. They'll do 01:06:10
their own tax rate. 01:06:13
Or have their own board. 01:06:17
And maybe we'll be oversight with the new. 01:06:19
SB1 stuff but. 01:06:23
We won't have to deal with. 01:06:24
Appropriate money or anything anymore after that startup cost, Yeah. Budget appropriation, yeah, exactly. We're going to have to 01:06:26
still, yeah, budget oversight, but we don't have to. 01:06:31
We don't have to go through this to us for LIT dollars. 01:06:36
OK. Just for clarification. 01:06:41
Any further discussion? 01:06:44
All in favor of 3B, the appropriation for up to 2.5 million out of public safety, let's say aye aye. 01:06:47
Any opposed? 01:06:54
Aye, that carries. 01:06:55
Do you want to do animal shelter before we do? 01:06:59
The ordinance OK Item 4 ordinance. 01:07:01
2026-10 for. 01:07:04
Additional appropriations for this evening. 01:07:08
I'll make a motion to approve item 4. 01:07:10
Second motion and a second for the ordinance. Is there any discussion? 01:07:13
All in favor say aye aye. 01:07:19
Any opposed? Aye. 01:07:21
That carries. 01:07:22
Resolution 2026. 01:07:24
O2 for legacy foundation spin rate. 01:07:26
Did everybody see the e-mail that came out on that? 01:07:32
It's 5%. It's been right. 01:07:37
Right. Is there a motion for that resolution? 01:07:39
I move to approve resolution 26. 01:07:44
2026-02. 01:07:47
Second motion a second. Any discussion? 01:07:48
I thought we did this in December. 01:07:51
We did not. We get, we get the. 01:07:54
We get the disbursement in December. Well, I know, I bet. I thought we also did the OK. 01:07:57
That's fine, it doesn't hurt to redo it. 01:08:03
Normally. 01:08:06
It happens at the end of the year on both bodies. 01:08:07
OK, thank. Thank you. OK. So you weren't missing remembering when it normally happens. OK, thank. Thank you for saying that. Any 01:08:10
further discussion on the resolution? 01:08:15
I'd just like to make a comment. 01:08:20
When we did, when they did that, previous Council and commissioners. 01:08:22
I was against it. 01:08:26
But I'm man enough to say I was wrong. We've made a lot of money off that investment. 01:08:27
In the last 10 years. 01:08:31
And I'm glad we did it otherwise. 01:08:32
We'd raise taxes more than we already have. 01:08:34
Without that. 01:08:37
Another 20 years, we'll have it all back. 01:08:40
Any further discussion? 01:08:44
All in favor say aye. 01:08:47
Aye, any opposed? 01:08:48
That carries. 01:08:50
All right. Item 6 is for the Commissioners. We have a. 01:08:52
Quote from BIS Digital. 01:08:57
This is for renovations at the public meeting space. 01:08:59
At the Old City County Building. 01:09:04
And because our intent is to move these meetings. 01:09:08
There in the very near future as we continue to empty this facility. 01:09:12
To make it. 01:09:17
Or sell a. 01:09:19
So. 01:09:20
That's what it's going to take to get us up to. 01:09:23
Far with regards to it and. 01:09:25
Public access, correct? 01:09:29
So. 01:09:31
For a few days until yeah, alright, so I'll look for a motion to approve that. So move. 01:09:33
Second all in favor, aye. 01:09:38
And that brings us to the animal shelter. So. 01:09:41
We had. 01:09:45
What I would consider a successful. 01:09:46
Mediation outcome and Christy, if you want to give us a summary of that and where we are and. 01:09:49
And I don't know if council received a copy of the mediation agreement, happy to circulate that if you would like to see that, but 01:09:55
at this point. 01:09:58
We reached an agreement with the city that the county will. 01:10:03
Continue to retain ownership of. 01:10:06
We own the property and sits underneath the animal shelter building but. 01:10:09
Back in the 1999 Interlocal. 01:10:13
There was language that both the city and the county would jointly. 01:10:15
Put money in to pay for that building so. 01:10:18
Late 24, early 25, we started discussions. 01:10:21
Amongst the attorneys of the city and county to talk about how we would kind of break that apart since the interlocal for the 01:10:24
animal shelter services was no longer in place. 01:10:29
And so Fast forward to the mediation. 01:10:34
Or let me, I guess. 01:10:38
Fill you in a little bit more in that there were two appraisals done, one by the city, one by the county. 01:10:39
County price actually came in slightly higher. 01:10:44
The discussion point was that we. 01:10:48
We, being sitting county, agreed that we would get the two appraisals and that the city would be bought out of their share of that 01:10:50
building. 01:10:54
By way of a. 01:10:58
Average of the two appraisals. 01:11:00
OK. And so? 01:11:02
Yes, divided by two because there are 50% share. 01:11:03
So we did that. We had the two appraisals done, county appraisal came in actually slightly higher. Our number was. 01:11:06
I'm sorry, I don't have that written down in front of me that the average of the two appraisals that was 415,500 and so the 50% 01:11:14
was 207750. 01:11:19
Fast forward to the mediation. The city agreed to take that. 01:11:24
Within 30 days. 01:11:28
For us to buy out their share of the building. 01:11:30
And. 01:11:34
The county agreed that they could stay in that building in that location until the sooner of two dates. 01:11:35
If they finish their animal shelter building that they said they're building. 01:11:42
Sooner than they will vacate once that building's done otherwise. 01:11:46
The latest date that they can stay in the building is December 31st, 2027. They will vacate by that date, so about a year and a 01:11:50
half from now. A little bit more than a year and a half. 01:11:54
And they'll pay all expenses of staying there, maintenance, utilities. 01:11:59
We they will maintain insurance on the property and name us as an additional insured. 01:12:04
So kind of status quo on those type things, Nobody owes any. 01:12:09
Other money associated with the animal shelter itself. 01:12:13
And we will pay them that 207 within 30 days. 01:12:16
It's kind of the gist of. 01:12:19
When the 30 days expires, May 17, it is May 19. 01:12:21
We this was last Monday, April 20th. 01:12:25
And you're all of the two of Salem. Where's that money coming from? 01:12:29
That's what we're here to discuss. 01:12:33
Oh, any other questions on the mediation agreement? Otherwise I'll sit down for you all to discuss. I thought they already had an 01:12:35
answer for that. I. 01:12:38
That's above my, he said. We have. 01:12:42
Plenty of cash. 01:12:45
I don't know how much gas. 01:12:46
So. 01:12:49
Thoughts with regards to that? 01:12:51
I mean, I looked at the rainy day fund and I know there's hesitation from the councils. 01:12:59
Decide to do that but you know this is an unexpected expense but I think it's still a welcome one because it. 01:13:05
Brings resolution to a long standing. 01:13:12
I wish since they. 01:13:16
Issue for us so. 01:13:18
It was a good move and I think we need to come up with the money. 01:13:20
Get paid, I'll go deliver it. 01:13:23
So if not rainy day then then. 01:13:26
From where else? That's Kristen. What's the riverboat money? 01:13:28
I think the riverboat was down to about 97,000 or something like that. 01:13:32
Stan was that the last time you saw riverboat was in like 97 five or something 95,095 so riverboats at 95. 01:13:38
OK. 01:13:48
I know this doesn't answer the question at hand. 01:13:52
Question at hand is where we're going to pay this from, but just out of curiosity, do we have plans? 01:13:54
For this area, I mean, down the road, are we gonna? 01:13:59
Be putting more money into this property so. 01:14:03
The whole goal. 01:14:06
And it was in probably 18 or 19. 01:14:09
The city litigated with the county and went to the Indiana Supreme Court. 01:14:12
And the Supreme Court said that the county owned the property. 01:14:17
Real estate. 01:14:20
Not the building. 01:14:22
So. 01:14:23
This is a possible location. 01:14:24
For a new courthouse. 01:14:27
It's across the street from the jail. 01:14:29
It would help. 01:14:32
With transporting of. 01:14:33
The defendants to court so. 01:14:35
Right now it was a great deal. 01:14:38
For two reasons. 01:14:41
A We own the real estate anyhow. 01:14:43
And maybe in the future that would be a location for. 01:14:45
A new courthouse. 01:14:50
That's close by. 01:14:52
Is it big enough? Is the lot big enough for? 01:14:54
Now that we have possession of both items, we can formally explore that, yes. 01:14:57
OK, because we own the parking lot and the. 01:15:02
We're right. We own the parking lot and that real estate, that envoy. 01:15:07
Gave their last presentation to us. 01:15:13
Or a four or A5 story building. They thought that that property was sufficient. 01:15:16
Now, whether there's enough parking there or not or is is something. 01:15:21
For debate, but as far as structurally. 01:15:26
Take a book, but it allows us. 01:15:29
Take that next step and that's fine. I know I'm putting the car before the horse. I was just trying to get a. 01:15:31
Idea or path forward, I think that that's a prudent question and. 01:15:35
You know. 01:15:41
It it really puts it behind us. 01:15:42
That we were in that agreement with them. 01:15:45
And now we're not. 01:15:48
And if nothing else, when they move out. 01:15:50
The Gnubar Animal Shelter. 01:15:53
And we could not prudently take that next step with that. 01:15:55
Agreed. Understood. 01:15:58
I think bringing this issue to a close also. 01:16:01
Allows us to focus on. 01:16:04
What we're not going to be spending in legal fees to get there. 01:16:05
You know, you know because at some point. 01:16:08
These questions were going to have to be answered no matter what. 01:16:11
And to me, I think it's a good deal like it. It just kind of falls back as working. I'll agree to this. 01:16:14
Needs to be funded through paid for so. 01:16:20
You know the positive part. 01:16:24
For me personally was. 01:16:25
To be able to sit down and mediate. 01:16:27
With the city of New Albany. 01:16:30
Hopefully that'll open the doors going forward. 01:16:32
Because if the two governments could get together, that's where we're really going to take care of the taxpayers of Floyd County. 01:16:36
I agree. 01:16:42
No doubt I agree and and Al I'd appreciate. 01:16:44
Your consideration on the rainy day fund, My concern there would be at what rate? 01:16:49
We end up depleting the rainy day fund too and. 01:16:54
And if that. 01:16:57
For the financing and. 01:16:59
Bombing. Well, we've been negotiating here all night. 01:17:00
Uh. 01:17:05
We appropriated. Are we approved? 01:17:08
In edit $400,000 for recycling. 01:17:10
And we took back the benefits and the wages of recycling. 01:17:14
And gave it back to edit. 01:17:18
And Mr. Stan said. 01:17:20
We can allocate that for other projects. 01:17:22
For this is another project. 01:17:26
So if we're negotiating. 01:17:28
The commissioners could. 01:17:30
Possibly, uh. 01:17:32
Come up with half and we come up with 1/2. 01:17:34
Yeah, really if, if. 01:17:39
And I I guess where you're coming from. 01:17:40
The uh. 01:17:42
But how much of that 400,000 actually went? 01:17:44
Back towards the recycling budget this year. 01:17:47
It all went back to edit, isn't it? 01:17:49
It's in edit but we spent 50,000 of it for the HHW contract. Caldwell so. 01:17:51
And left at 3:50. 01:17:56
This year. 01:17:59
Easy Chevys, the household hazardous waste contract, right? 01:18:00
OK. And nothing's been advertised on this, right? 01:18:03
No, but we're yeah, no, no, I want a three-week. 01:18:09
Yep, 3 weeks training here. 01:18:11
The commissioners just had a sale. 01:18:14
And those proceeds, as far as I know, go back into the general fund and have. 01:18:20
So we did, we did have a special sale and I think it brought in about $83,000, similar to paying your property taxes, similar to a 01:18:26
property tax sale. So people that have defaulted on their property taxes, the commissioner sale is properties that didn't sell in. 01:18:34
The property tax sale. 01:18:42
So anything that is paid on those properties gets applied to. 01:18:43
Back taxes for those properties. The goal is to bring as many properties back onto the tax rolls as possible. So in essence. 01:18:47
You can't. 01:18:54
Touch those monies until I do settlement. 01:18:55
And settlement decides. 01:18:57
Where those monies go so depending on where they were located. 01:18:59
Is the district that they will go to. 01:19:02
As well as. 01:19:04
Library schools. Some of it will go to the general fund, some of it will go to the health department, some of it will go to the 01:19:06
parks. 01:19:09
It just. 01:19:12
It's based on the levy distribution for your property taxes. Well, if you're going to divide 83,000 up, doing all that $84,000 01:19:14
does nothing for you. 01:19:19
No, no, sorry. I will update. We did receive some more Riverbutt River vote funds, so we're at 109. 01:19:26
$1000 in River Rd. 01:19:35
There's alright. 01:19:36
So wow you have 109 in River Mountain. You have 350 leftover from the the solid waste budget and edit. 01:19:37
There is nothing currently advertised additional. 01:19:46
Line transfers can happen in some of the funds that already have appropriations, but. 01:19:49
We need to know really, really soon because I think that we've already passed the deadline for the council meeting. 01:19:56
Advertisement. 01:20:04
That might be, yes, we have. And so for the joint meeting in May, which falls I think on the 15th of the month, we need to know by 01:20:05
Friday what we're advertising. 01:20:09
Otherwise. 01:20:14
This doesn't happen. 01:20:15
Oh, it's gonna happen. Yeah. Otherwise I just should take a ride. I don't even know what I'm advertising. 01:20:17
We'll take a ride off of Jack. 01:20:23
Right. 01:20:25
Thank you. 01:20:29
Thank you. No, that was my question. I'm glad somebody asked. 01:20:31
So umm, you didn't unappropriate before? 01:20:35
Correct SO. 01:20:37
There's $350,000 sitting in edit that we can transfer to a capital expenditure line at. 01:20:38
That Council meeting with no challenges whatsoever. 01:20:45
Correct. 01:20:51
What can we accomplish today? Well, you can. You can pay for it today. 01:20:52
You can pay for it today and the line transfer can happen because I don't think that the body of seven that's sitting here. 01:20:56
Is going to say 6. 01:21:02
Weekend. My apologies, we can't transfer. 01:21:06
Today. 01:21:10
We can't make a motion to transfer that. You could if you add it to the agenda. I guess I have to get you specific line numbers. 01:21:11
You can do that today. 01:21:18
I've seen the look of consternation on stay in space. That might indicate that it's not just sitting there, but. 01:21:20
I think, I think there's a there's a lot of different parts of this puzzle that easily fit together. 01:21:28
First and foremost, I think we all, Commissioners and Council, are sitting in agreement that our obligation. 01:21:33
To make this payment in a timely fashion is 100% our ultimate goal with the council's blessing, and I know that's. 01:21:39
Not violating State Board of account rules to its. 01:21:47
Intent as you can always pay a line in the red. 01:21:50
As long as you get it shored up. 01:21:53
It's required to be shorted by the end of the year. 01:21:55
Now with regard to a transfer since the solid waste money is sitting in a 4000 account. 01:21:58
Which is a capital investment account. The funds can be transferred. 01:22:03
Without having to be presented to Council. 01:22:06
There are 4000 lines, so yeah, they don't even have to go before council, so commissioners can just request a line transfer 01:22:09
through my office that that that could happen without going to council as well. 01:22:14
And then the other consideration is if the Commissioners of. 01:22:20
Were to evaluate. 01:22:23
Paying their portion from the GO bond. 01:22:25
The Gold Bond. 01:22:28
Obviously would be presented to on the uh. 01:22:29
Commissioners Agenda. 01:22:32
For next Tuesday night or next Monday night. 01:22:33
With approval there, then we could pay your portion of. 01:22:36
The the funds out of the go. 01:22:40
And that's ready to go by. 01:22:43
By Monday night. 01:22:44
So there there are options I think that we all can consider here that. 01:22:45
Make sure that we hit the obligation of our timeline. 01:22:50
Constraint. Well, my thought. 01:22:53
First thought out of those would be to use it out of the money that. 01:22:55
We saved with the recycling restructuring. 01:22:58
I mean, that's, that's the whole reason we we did that was that so that we had some money and funds that we could. 01:23:03
Put elsewhere. 01:23:08
And that. 01:23:10
That is. 01:23:11
Good taxpayer use of that money. We're not. 01:23:12
Taking anything else out of the GO bond, which we're still gonna have. 01:23:15
Obviously gonna. 01:23:18
Max out that at some point in time but but to me. 01:23:20
That's the reason we went through. 01:23:23
All of those discussions. 01:23:25
And. 01:23:28
And and again. 01:23:29
It's showing that the true purpose of that was to to reallocate that money for. 01:23:31
The good of all taxpayers, that's where I would take it from. 01:23:35
Seems very reasonable. 01:23:38
Yes. 01:23:39
Today I can play animal shelters for the agenda at the beginning so. 01:23:44
We have 4 packets we have available. 01:23:50
There's 350,000 in the in that particular land as of right now. 01:23:52
My recommendation would be for the full amount and. 01:23:58
You're talking about building goodwill with the city will build goodwill with the the council regards to that first because. 01:24:01
Because you guys have a lot of extra work to do on that extra on that 500 to close that gap on reciprocated. 01:24:08
Yeah, let's do that. So I'll look for. 01:24:16
Need a motion. For that we need this specific line item. 01:24:18
So you don't need it. 01:24:22
You don't. You just make the motion that that's what you're going to do because since it doesn't cross categories, it doesn't even 01:24:25
have to go before council for approval. Stan and I can take care of it in about 5 minutes flat. 01:24:29
Council's OK with that. 01:24:34
Just that will come out of. 01:24:36
So the motion is to take the 207 out of edit to it. 01:24:39
Correct. What's the total 207750? 01:24:43
207750. 01:24:47
Yes. All right. I have a make a motion that we take. 01:24:49
Pay the City of New Albany 207750 out of edit. 01:24:54
Today. 01:24:59
I'll second. 01:25:01
OK, I have a motion to second. All in favor, aye? 01:25:02
Yeah, first thing and we'll get a cut tomorrow and then they'll let me know when I walk into the city. 01:25:06
Walk Dr. Hot Drive. 01:25:11
Don't send it in the mail. 01:25:16
Wants to go with you all right. 01:25:19
So. 01:25:22
We should have done that one first. I'm thankful for. 01:25:24
Speedy resolution on that and again, vindication with regards to our budgetary maneuvers of earlier. 01:25:27
Last year and then this year. 01:25:33
So any. 01:25:36
Comments from the public closed wheel. 01:25:38
If you will. 01:25:48
If you can speak briefly to it and then we can just forget it into the record and Susanna can. 01:25:50
Disseminate that to everyone up here. 01:25:54
And for the public record as well. 01:25:56
So since since I started. 01:26:00
Kind of this journey with EMS. The one thing I'd. 01:26:02
I, you know, made a commitment to myself and everybody else that. 01:26:04
You know it's going to do this smart and do it fiscally responsible is going to increase the amount of services. 01:26:07
While using Highlander as the backbone for the history or for this future EMS service. 01:26:12
Through those conversations they were like hey we're short staffed Saturday. I just finished my 3rd shift my 60th hour working on 01:26:18
an ambulance at Highlander. 01:26:22
With them in the last two weeks. 01:26:26
I would encourage each of you to reach out to them and speak to them and. 01:26:29
I think their their opinions have changed very much so since I've been in the building for the last month. 01:26:33
Spent last week up at FDIC with a group of them. We all rode together. 01:26:38
Had some fellowship, had a great time. 01:26:42
Made a lot of good runs. 01:26:44
Saves people's lives last week, so it's been a good thing. 01:26:46
So just to kind of. 01:26:49
Paraphrase basically you know, I've identified different cost saving measures as far as we've identified new vendors, we've 01:26:51
switched equipment just for some specifics. 01:26:56
We're about $450,000 in savings right now just by. 01:27:01
Breaking the status quo? 01:27:05
Looking at different pieces of equipment. 01:27:06
Purchasing different things, Exploring different purchasing options. We saved $60,000 by switching the brand to stretchers. 01:27:09
From going from striker over to Ferno. 01:27:15
We saved uh. 01:27:18
You know, I do believe in uniformity. So one thing that we're going to do is is the administration of EMS. We're going to drive 01:27:21
the same vehicles that the fire administration is going to do. However, we're buying a lower trim level. 01:27:26
At a cost of about $10,000. 01:27:31
Cheaper per unit. 01:27:33
Saved $130,000 by switching the brand of ambulances. 01:27:36
So. 01:27:39
Going they look the exact same. Park them side by side, you can't tell the difference. 01:27:40
So there was another $130,000. 01:27:44
I eliminated 2 positions. 1 was an administrative assistant position. 01:27:47
I will do those jobs. I will and those those responsibilities will be absorbed by the EMS administration. 01:27:52
I also eliminated the training position because in the state of Indiana, a paramedic can teach anything at or below their scope of 01:27:58
practice. 01:28:02
And the paramedic is the highest level of pre hospital care in the state. 01:28:07
So basically. 01:28:10
A paramedic can teach anything. 01:28:12
That is required by the state for. 01:28:13
Paramedics empts, advanced empts, or first responders to maintain their certification. 01:28:15
So there is no cost to that. 01:28:20
I wouldn't say I eliminated, I postponed it. 01:28:23
I will fill that position. 01:28:25
When I can stand before you and say that we have money in the bank and we'll have that position, but we're going to pay for it 01:28:27
ourselves. 01:28:29
So. 01:28:33
I believe very, very strongly in in transparency, professionalism and accountability. 01:28:34
I've had a lot of great conversations with the people at Highlander. 01:28:40
And they're on board. 01:28:43
They have been phenomenal and I will say it publicly. 01:28:44
You know, they deserve a huge thank you. They've been very welcoming to me. 01:28:48
They've been very professional. We've had a lot of great conversations. 01:28:52
You know some? Yeah. And they've been very honest. Some of them aren't happy. 01:28:55
But. 01:29:00
You know, all I asked him to do is give me a chance to earn. 01:29:01
In their respect. 01:29:03
And, and they have been more than more than willing to do that. 01:29:05
You spend a lot of time together in the last. 01:29:08
Couple weeks I'm in the building probably 3-4 days a week. 01:29:10
I'll be there tomorrow morning again. 01:29:13
I've been there all day. 01:29:16
Been there since 8:00 this morning. 01:29:17
So that's my commitment to the taxpayers of this county. 01:29:19
Is to build this system the right way? 01:29:23
To do it fiscally responsible. 01:29:25
And to. 01:29:27
Build a system that this county has never seen before. 01:29:28
And it's. 01:29:31
It's coming really quick. 01:29:32
So thank you, thank you, thank you that into the record. 01:29:33
Right, OK. 01:29:37
All right. Any comments from anyone else out there tonight? 01:29:38
The comments from the boards. 01:29:44
The other thing I would like to say is that. 01:29:46
I I'm so proud. 01:29:48
Of what we just did. 01:29:50
You know this. This is a long time coming. You know this solves. 01:29:51
Problem that. 01:29:54
I know we've been dealing with. 01:29:56
Long before advocate with the Commissioner. 01:29:57
And this is such. 01:29:59
A monumental step in the right direction. I'm just so proud of what we just were able to accomplish, so thank you. 01:30:01
Everyone and especially thank you to all the people that are out there providing the service to the people they. 01:30:07
Done a fantastic job, so thank you. 01:30:13
Anyone else? 01:30:16
I'm going to reiterate. 01:30:17
Final time. 01:30:18
That solid waste services are essentially the same as they were a year ago. 01:30:20
And with the restructuring, we were just able to. 01:30:25
Utilize over $200,000 and saved revenue. 01:30:28
To purchase a building that's going to be a benefit to. 01:30:33
People. 01:30:35
Throughout Floyd County, New Orleans. 01:30:36
So nothing else. I'll look for a motion to adjourn. So moved second. 01:30:43
Thank you. 01:30:47
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Transcript

Event transcript
Are you going over? 00:00:00
I'm gonna to joint meeting between Floyd County Commissioners and County Council if you'll join us in the Pledge of Allegiance. 00:00:03
I pledge allegiance to the flag of the United States of America. 00:00:10
And to the Republic for which it stands. 00:00:14
One Nation. 00:00:17
Under God. 00:00:18
Indivisible with liberty and justice for all. 00:00:19
Thank you to everyone for the reminders to silence our cell phones. 00:00:23
And we have a busy agenda. 00:00:27
So I think we'll. 00:00:30
Kind of dived into this. 00:00:31
We do have. 00:00:35
Some folks joining us on stream today. 00:00:36
We'll begin by seeking approval on the 2/24/26 Joint meeting minutes. 00:00:39
I have a motion for that. 00:00:46
Make a motion to approve. 00:00:48
All in favor, aye aye. 00:00:50
And then we have 6 items listed, I would like to add a 7th and I don't know if we've ever done that. 00:00:53
At a meeting, I know of protocols been by unanimous consent, those present on the commissioners meeting and then also for the 00:00:59
Council, but this would be to discuss the animal shelter. 00:01:04
Building purchase. 00:01:10
So we're not. 00:01:12
I mean, if we find ourselves working towards an exact resolution, that's fine, but. 00:01:14
We need to have a discussion on that. 00:01:18
So among the commissioners, I'd like to ask for unanimous consent that that that is Item 7 on today's agenda. 00:01:20
I'll make the motion to add that to the agenda with unanimous consent. 00:01:27
I'll second. 00:01:32
All in favor, aye? 00:01:33
Hey, Danny, if you'd like to see if you can, I'll make a motion to add. 00:01:36
Animal shelter building second. 00:01:40
To the agenda. 00:01:42
With unanimous consent. 00:01:43
We have a motion. 00:01:46
In a second, all in favor say aye aye. 00:01:47
Any folks? 00:01:49
Gray hair, all right. 00:01:51
So I think we're going to begin with. 00:01:56
President Short with the. 00:01:59
Public hearing on the additional appropriations. 00:02:01
Yeah. We'll now open the public hearing for our additional appropriations for this evening. Is there any public comment? 00:02:05
On those. 00:02:10
Only on appropriations. 00:02:11
Seeing none, we will now close the. 00:02:15
Additional appropriation. Public hearing. 00:02:18
And. 00:02:21
I'll give it back to you for the community. 00:02:22
Nomination, OK. So we'll consider the public hearing on that adjourned and then we'll go forward to joint meeting and. 00:02:24
Slight breach of protocol with the. 00:02:30
Pledge of Allegiance before that public hearing, but it it holds nonetheless. 00:02:32
All right, we have a. 00:02:36
Short presentation from the Community Foundation today. And we did receive those materials in advance, so. 00:02:38
Be relatively brief with. 00:02:44
Uh, we appreciate you being here for. 00:02:46
Q&A if anyone does have questions about that after your presentation. 00:02:48
Thank you. 00:02:52
Thank you for having me. My name is Neil Hepler and I'm with Mariner. 00:02:53
Institutional where the investment consultant with Community Foundation of Southern Indiana. 00:02:56
And the pooled pool. 00:03:01
Fund that Floyd counties on this part of and so I've just got a few slides here. 00:03:02
That hopefully will be turned up. I don't know if you got them in front of you there if you go to the next slide. 00:03:08
You can just see this. 00:03:14
This is always the. 00:03:15
These are always the investment goals that we've had since you invested the money at the Community Foundation. 00:03:17
And the first is just to maintain the purchasing power. 00:03:23
Of the original dollars that you had in your fund when you put them. 00:03:26
With the Community Foundation and to pay you out 5%. 00:03:30
Every year. 00:03:34
Based upon a 12 quarter moving average. 00:03:35
And so. 00:03:38
What we're trying to do is pay that 5%, have that 5% grow every year. 00:03:39
May not grow every year, but generally speaking we want it to grow every year. 00:03:43
And we want them. 00:03:47
Dollars that you originally put in the Community Foundation Fund. 00:03:48
To maintain their purchasing power, so they have to keep up with inflation, so the spending rate of 5%. 00:03:52
We have to earn something north. 00:03:57
Of inflation by 5% so. 00:03:59
5% plus inflation becomes our goal. 00:04:02
The next page, page 2. 00:04:06
Just shows the asset allocation were predominantly 70% stocks, 30% bonds. 00:04:08
Stocks are very diversified. 00:04:13
As are the bonds and the target is just kind of our asset allocation goals. 00:04:15
And you'll see as of December 31st, the pool fund. 00:04:20
At the Community Foundation that you're in. 00:04:23
Is. 00:04:26
You know, just over 138 and a half million dollars altogether. 00:04:26
You'll notice on the left is. 00:04:31
The pool funds actual asset allocation. It's fairly easy to see. 00:04:33
That, uh. 00:04:37
They're in fixed income and cash. We've got about 29% are. 00:04:38
Kind of target is 30%, so we've got 671%. 00:04:41
In stocks relative to that 70% target. So we're pretty close to that benchmark at the end of December. 00:04:45
The next page just shows you the. 00:04:51
The returns that. 00:04:53
A pool fund is received over the past several years and those. 00:04:56
Bars. 00:04:59
Are the actual returns. 00:05:00
These are after one year. Everything greater than one year is compounded, so annualized so. 00:05:03
You can see for. 00:05:09
Calendar year 2025 up 11.8%. 00:05:10
The last three years have compounded Capital 12 1/2. Same for the last five years. 00:05:14
That's 10 and 15 or a little less than that 87 and 81. 00:05:19
Those red bars are that. 00:05:22
Inflation plus 5% payout. 00:05:25
That is kind of our bogey on this portfolio and you can see what it's done. 00:05:28
And it's been a pretty good, you know, last several years of investing markets have been good. 00:05:32
Inflation while higher. You notice that five year number at 9.7% for CPI +5. So inflation's been 47 over the last five years, but 00:05:37
if you look out over 15 years, it's been more like 28. 00:05:43
Next page just shows. 00:05:50
You know how the Community Foundation's pool fund is done relatively. 00:05:52
A group of peers. 00:05:57
And you can see for 15 years, 10 years 5. 00:05:58
Nine years, which is the period of time you've been in the fund. 00:06:02
Kind of above. 00:06:04
Kind of right at top third to top quartile over all those periods. 00:06:05
And then if you go to the next page. 00:06:09
You'll just see kind of the rolling five year periods. 00:06:11
Going back through time, this is over the last 15 years and you'll see that many of these. 00:06:14
Most of them actually have been certainly above top third, top four top for many of them. 00:06:18
And then the last page of this presentation just takes your fund. 00:06:24
It takes a year by year. 00:06:28
In terms of the beginning market values. 00:06:30
What happened in the year? How much was distributed to Floyd County? 00:06:34
And what the ending? 00:06:37
Calendar year market value was of your portfolio and then has this cumulatively so. 00:06:39
You can see the $70 million. 00:06:44
Was. 00:06:47
Given to the Community Foundation at the right at the end of December. 00:06:48
Of 20/20/2016. 00:06:52
And you can see those red. 00:06:55
Marks across the page. 00:06:57
By the line or withdrawal? 00:06:59
Those are all the. 00:07:01
Calendar year withdrawals and you can see they've averaged between three and a half million. 00:07:02
And $4 million. 00:07:06
Annual distributions over that nine year period. 00:07:09
Adding up to $33.4 million of distributions on your original $70 million. 00:07:13
Donation to the Community Foundation. 00:07:19
You'll also see that. 00:07:22
At the end of. 00:07:24
2025 the portfolio. 00:07:25
Was worth $87 million. 00:07:27
So. 00:07:30
17. 00:07:31
Almost $17.1 million above what you put in. 00:07:32
So. 00:07:36
Uh, all in kind of. 00:07:37
Investment returns if you would, that's at 50 million four 89 of the accumulative column there. 00:07:40
So it's been a good period for investment results over the nine year period. So we've participated in that, you've participated in 00:07:46
that. 00:07:49
You'll see the nine year total of annual payouts I mentioned. It was 33.4. 00:07:53
The average of those annual payouts? 00:07:58
About $3.7 million. 00:08:00
And the payout last year was you know, three million 975 the payout for. 00:08:03
This upcoming year will be pretty close to that, a little bit less, but very close. 00:08:08
You see the average yield principal. 00:08:12
5.3% That just means the cash flow you've received. 00:08:14
Over the nine year period. 00:08:18
Has worked out to about 5.3% of your original cost of your original contribution. 00:08:20
And the current yield is just your most recent payout. 00:08:26
And so 5.7. 00:08:29
You notice there at the bottom of the page. 00:08:32
You know, for the nine year period up 88. 00:08:34
Relative to that CPI +5 number of 8.5. 00:08:37
So by all accounts. 00:08:40
We would say. 00:08:42
We had a program going in to try to achieve. 00:08:44
Paying you 5% and maintaining the purchasing power of your $70 million that it could buy just as many goods and services today as 00:08:46
it did nine years ago. 00:08:50
At least this point we've been successful. 00:08:55
Be happy to answer any questions that anyone has. 00:08:58
I appreciate the level of detail with this and. 00:09:02
Thank you for. 00:09:06
Helping us be good stewards of all of you. 00:09:07
I don't have any questions for the Community Foundation but. 00:09:09
Can we? 00:09:13
Revisit what we use the distribution for. 00:09:14
Do we pay bonds with that? I don't remember. 00:09:18
What do we do with the distribution? 00:09:22
What do we use? 00:09:25
That revenue for. 00:09:27
Yeah, general fund. 00:09:31
Does it go into a separate fund? 00:09:34
So. 00:09:36
Difference between you've got your spend rate obviously of the 800 Community Foundation distribution. 00:09:37
And from what I'm recalling, and. 00:09:43
Bear with me because I'm struggling with the migraine today so my brain is not on par as it normally is. 00:09:47
There is a portion that gets receded into the general fund because it used to. 00:09:52
Get receded to offset. 00:09:57
The cost of. 00:09:59
Employee benefits and then there's publishers portion that gets receded into the. 00:10:01
Capital improvements. 00:10:07
If I were calling accurately. 00:10:10
I think I, I think I am. I think that that's correct. 00:10:12
Sorry. 00:10:16
OK, OK. 00:10:17
Struggle less today, my apologies. 00:10:18
OK, great. Thank you. Thank you. Thank you. 00:10:20
Pardon. 00:10:24
Not having that information at the fingertips would be a bad idea to have that. 00:10:28
Enumerated out and. 00:10:31
Emails that everybody knows exactly that would be great. Just so we understand what that. 00:10:33
Set up, yeah. 00:10:41
And it'll be different once. 00:10:44
You know, I guess the general fund is books a little different too with the upcoming changes. 00:10:46
I know that the commissioners part is still going to pay for a couple of bonds that roll off I think in 2028. 00:10:51
On the bridge maintenance and as one of them and. 00:10:58
Anyway, off the top of my head I don't want to speak incorrectly, but. 00:11:02
I know they're coming up in the near term from being paid off. 00:11:05
So we'll be able to reallocate, yeah. 00:11:09
Perfect. All right. 00:11:13
Thank you. 00:11:15
Very, very much. 00:11:16
Alright, with regards to Floyd County Health Department, I know that a formal presentation was given to the council recently and I 00:11:18
know that the commissioners received. 00:11:22
Uh, copy of the presentation on that as well. 00:11:28
So. 00:11:30
We really aren't seeking a formal presentation on that today. We appreciate you being here for questions and answering on that. 00:11:34
Umm. You know, I'd like to have Nick and or Stan come up and kind of. 00:11:40
Give us an idea. 00:11:47
Well. 00:11:49
Give us a synopsis of where we are right now with regards to this, because I think both bodies have. 00:11:50
Looked at a level of funding for this after you've negotiated back and forth with some. 00:11:58
Correct, Correct. Tell us where we are and how we got there, as you all know. 00:12:03
We bid out the project and receive bids for our target budget was $2.4 million. 00:12:09
That the bids came in at. 00:12:15
29. 00:12:17
2.908 is the total. 00:12:19
The the health department needs to be in there. 00:12:23
Out of their current building by the end of September. So we have a. 00:12:25
Target date to complete the construction and glorious. 00:12:30
So we did move forward with that. 00:12:33
Low bid and entered into a contract with that with the attention of. 00:12:35
Cutting that down to as close to 2.4 as we could. 00:12:40
We have been. 00:12:45
Working with the contractor, we've already cut 240,000 out with the first bulletin. 00:12:46
We're we're anticipating another bullets gonna go out at early next week and. 00:12:53
Work towards that $2.4 million number target that does not include $200,000 for it. 00:12:58
Which is outside of that which. 00:13:06
You all have been updated on that number as well. 00:13:08
Stan can go over the. 00:13:12
The funding gap. 00:13:13
Of where I was at. 00:13:14
So with it were 2.6. 00:13:16
That's the target. I mean, we're still working down the 2.4. 00:13:19
I imagine it will probably. 00:13:23
100,000 of that will have a contingency amount, so. 00:13:25
We have some wiggle room there, but it'll probably be 2.4. 00:13:30
And a half two point, it'll be somewhere in two point. 00:13:33
Lower range we're gonna keep. 00:13:36
Will win it down as close as we can or below but. 00:13:38
That's it. 00:13:41
And where we are on funding and what is the gap? 00:13:42
So we know the current cash. 00:13:46
Balance in the 4501 fund is $1.571 million. 00:13:48
The the band itself was originally taken out of 2.765. 00:13:54
The health department kicked in their CARES money. 00:14:00
And then also two deposits from which was how much? 00:14:03
1.09. 00:14:07
Nine, $1 million. 00:14:10
What was that? 00:14:13
1.091 million. 00:14:14
What? What? What was that? 00:14:18
So, yeah, OK. 00:14:21
Gotcha. 00:14:23
And then let's. 00:14:24
The health department also kicked in two funds they had. 00:14:26
It was a total of $303,000. 00:14:31
Real estate of money or something? If I remember, yes, it was startup money from the Covic line that the commissioners had gave us 00:14:35
seed money and then the other one was HFI funds. 00:14:41
So that that's where we get and then with the disbursements, purchasing the building, keeping all the facilities or the utilities 00:14:47
up. 00:14:50
Making the band payments, that's where we get the the cash balance currently at 1.571. 00:14:54
So taking that number into account and analyzing what the 2.4 may come in. 00:15:00
With the construction plus the 200,000. 00:15:07
It's going to still leave a current gap of approximately $962,000. 00:15:09
Just under $1,000,000. 00:15:16
Is that with 2.4 for the remodel? 00:15:20
Yes, ma'am. 00:15:22
24 for the remodel plus 200 for the IT needs. 00:15:23
Nick, you said we're in a contract, so we've signed. 00:15:29
That's correct. The network, we actually had a construction meeting this morning they've done. 00:15:32
Some demo and some preliminary mechanical and HVAC or plumbing work. 00:15:37
So that we can make up. 00:15:44
Part of that 900,000 by bonding instead of paying off the ban. 00:15:47
Bonding up to the. 00:15:53
Mr. Bannon, Mr. Barrier on online too that kind of give a little bit of a presentation regarding that particular element, OK. 00:15:55
Converting the band to a bond. 00:16:02
Right, but there was also another option presented that I was unaware of when the initial discussions were going on. And that is? 00:16:04
That the the bond could actually be issued. 00:16:10
For up to, I believe it's if you keep it below. 00:16:14
Correct me if I'm wrong. 00:16:16
6.5 million in. 00:16:18
Up to that amount without having to have invoked statutory. 00:16:20
The league on saturated legal issues. 00:16:25
So that gives you another option, It's just that that's going to come with a. 00:16:27
Expensive price tag. 00:16:31
Yes, ma'am. 00:16:33
Yeah, Excuse me. 00:16:36
So make your cue to Brad and Tim. 00:16:38
Yeah, I'm, I'm happy to jump in. So Brad Bingham here with Thorns and Thornburg. We serve as bond council to the county. 00:16:42
And I think maybe it may help everyone just to maybe and even from my own mind just to kind of. 00:16:49
Step back and sort of remember the original plan of finance and kind of. 00:16:54
How we? 00:16:58
What's been issued and why? Why we did it that way and where we are. 00:16:59
So. 00:17:02
When when these the ban was issued. 00:17:04
It was. It was done. 00:17:06
In the size, let's say that way. 00:17:09
To get come up with enough money to pay the purchase price for the building which was 2.2 million. 00:17:11
And then I think Council also wanted to add in just a little bit more. 00:17:17
To budget for for some renovations and that was about in in terms of the source and uses from the ban proceeds. 00:17:22
That was about 356,000. 00:17:30
And I I think everyone knew all along. 00:17:32
That the health department had CARES Act money. 00:17:35
And these other sources that they were going to. 00:17:38
Thrown in the pot. 00:17:40
To do the to do the renovations. 00:17:42
So now we can't come to where we're at and it sounds like there's a there is a gap. 00:17:44
We we issued it as a ban because I at the time. 00:17:50
Course SCA one last year through a monkey Ridge and everything. 00:17:54
But at the time, you all had implemented the public safety lift. 00:17:58
And I think my understanding was you were going to shift. 00:18:02
Some of your expenses out of general fund that were a public safety nature. 00:18:05
Over to that public safety lit fund. 00:18:09
And then the money's freed up in general fund would be used to effectively. 00:18:12
Pay off this ban. So in other words. 00:18:15
You never would issue a bond, you just sort of did this. 00:18:18
Temporary short term financing. 00:18:20
And you were gonna pay it off with with revenues before the the ban became due? 00:18:22
SDA one of course. 00:18:28
Changed a lot of different things, including, you know, public safety, lift and kind of the, you know, that sort of thing. 00:18:30
In order to do the ban, we had to authorize the issuance of bonds. That's the way it works under Indiana law. You have to go 00:18:37
through all the procedures and proceedings necessary to issue. 00:18:42
The permanent bonds. The permanent financing. 00:18:47
Before you can do upon anticipation. 00:18:49
And and we did that and that the maximum authorized par amount for bonds under that ordinance was 3.2 million. 00:18:52
And so you issued a ban for an amount less than that. 00:19:00
In case we ever needed to issue. 00:19:04
Bonds. Now what Stan mentioned, is this, this 6.5 or $6.6 million number? 00:19:06
What that number is, it's the. 00:19:14
Cost threshold. 00:19:17
By which you can stay below what we call the the control projects threshold. 00:19:18
If you have a control project. 00:19:23
That means you're either going to be subject to a petition or remonstrance process if it's requested. 00:19:26
And if it's a high enough cost, you can potentially be in a referendum category again if it's requested. 00:19:32
So oftentimes on these smaller types of projects, you. 00:19:38
Want to make sure you kind of stay below those cost thresholds. 00:19:42
If you want to avoid any sort of. 00:19:46
You know, objection process by by taxpayers. 00:19:48
So I think what what Stan was getting at is. 00:19:53
If the if the will of the Council and the Commissioners is to finance that gap. 00:19:56
This 962 million. 00:20:02
There's a way to do that. You can. You can do it through a through a permanent bond financing. 00:20:05
9 hexes, but understand when you issue those bonds. 00:20:10
Say that one more time 62,000 thousand. 00:20:13
You said millions. 00:20:15
Yes, that's right. I'm sorry. Yeah. 960-2000 to be numbered by him. OK. 00:20:17
So if you want to finance that with bonds, you can. 00:20:22
When bonds are issued though, they they you issue them and you pay off the band, so the band is no longer outstanding. 00:20:24
And you've converted that essentially to a longer term type of financing? 00:20:31
But that the answer is. 00:20:36
You can do that. 00:20:38
If if you choose to that, that's certainly your option if that's how you want to come up with. 00:20:39
The difference to cover that 962,000. 00:20:44
And Tim. Tim could probably run through numbers better than I could, and I don't hope he has a presentation. But. 00:20:49
I'm just trying to set the backdrop in terms of the legal process and what your options would be. 00:20:54
OK. Thank you. 00:20:59
Tim, do you have anything to add at the moment to that? 00:21:02
I was just going to add under the current financing on the ban. 00:21:07
There is optional redemption on or after July 15th of this year. 00:21:13
So you would be able to do so, but would not be able to do that. 00:21:19
Prior to. 00:21:24
July 15th day. 00:21:26
How to pay off that? Could you tell us how much we could expect to get in cash? 00:21:29
If we go ahead and additional cash. 00:21:36
If we go ahead and bond. 00:21:38
That or do you bond it and then pay off the band? Do you get the whole amount of the bond? 00:21:40
OK, you get the whole amount of the bond, so you get the. 00:21:45
3. 00:21:49
4 million, is that right? 00:21:50
2.5 million. 00:21:52
And then we pay off well, Denise. 00:21:54
I think to do to to get to where you want to be, to come up, if you want to come up with. 00:21:58
Additional money to close that $962,000 gap. 00:22:03
We would have to authorize the increase in the maximum amount of the bonds because you'd have to issue enough bonds. 00:22:07
To net out at least 962,000. I don't want to close the whole gap. I don't want to close the whole gap. 00:22:14
I just want to get what? 00:22:21
Over the remaining amount is we can get. 00:22:23
And then close the gap with the. 00:22:26
Go bond money that we have. 00:22:28
That we've already put in place. 00:22:31
So there I want to know. I think there's two. 00:22:34
Components here that we can use to close that gap. 00:22:37
One is we bond. 00:22:40
How much more cash would we get? 00:22:43
If we did that. 00:22:45
And what would the payments be? 00:22:46
And then? 00:22:48
The other part then would be. 00:22:49
How much of the goal? 00:22:51
Govind would we have to use to close the remaining part of that 900,000? 00:22:53
I don't know the answers to those questions. 00:22:59
OK. So with that as a safety net? 00:23:02
So to speak, we know that we could pursue that if we. 00:23:05
If other options were exhausted. 00:23:07
Is there a way that? 00:23:11
The Council and the Commissioners can. 00:23:12
Bridge that. 00:23:15
Having to pursue that. 00:23:16
I mean if we split the 1,000,000 1/2. 00:23:18
We had 500 and 500. 00:23:20
And how much borrowing power do we have left on the go bonds from your end, then from our end? 00:23:22
Well, that, but the the thing about it is, is are we? 00:23:27
I think the first question to ask ourselves here. 00:23:30
And correct me if I'm wrong, Tim and Brad. 00:23:33
Is are we going to pay this? 00:23:35
Ban off. 00:23:38
Or are we really going to end up bonding this? 00:23:39
And then after that. 00:23:44
Then we can make this some decisions about how we. 00:23:46
Close the gap. 00:23:50
But my question would be, do you really want to take on the duration? 00:23:51
Of a bond. 00:23:55
For this because you're talking about a long term bond. 00:23:57
Yup. 00:24:01
20 year bond. 00:24:02
Do we have the cash to pay it just to? 00:24:04
Just to jump in real quick. 00:24:07
The maximum term that's authorized for the violent is 20 years that you're not obligated to issue 20 year bond. So in other words, 00:24:09
if you wanted to do a six year term or five year, you've got that flexibility. 00:24:14
To do that. 00:24:20
I think the Quan. 00:24:22
The current band you are paying interest only. 00:24:24
And then there is a balloon payment. 00:24:28
For the principal. 00:24:31
Do as it is structured today, January 15th of 2030. 00:24:34
What's the cost to change this over from a Band-Aid on? 00:24:40
Jim, do you want to jump in? I mean, excuse me. 00:24:48
I mean, you're going to have transaction costs anytime you do a financing. I mean, I think it's just a plug number. You're 00:24:51
probably in the 1:20. 00:24:55
130 depends if you get it rated, if it's open market, if it's a bank, if it's a. 00:24:58
So it's going to cost us, it's going to cost us $120,000 to change this. 00:25:04
That's what you're telling me. 00:25:09
Yeah, to issue a new obligation to pay off the van that that's exactly right. 00:25:11
You'll have to re go through the. 00:25:16
The legal process. 00:25:18
All of the approval processes. 00:25:20
We would then need to reissue a term sheet. 00:25:24
Seat beds. 00:25:29
On those, evaluate those bids and award those bids. 00:25:31
I I think again, to be clear, I think some of that though is going to depend upon. 00:25:37
Whether you. 00:25:41
Live within the existing authorization. So, so again right now the bond ordinance that was adopted. 00:25:42
Authorizes a Max par $3.2 million and so. 00:25:48
Tim and Crow would have to run some analysis to say OK. 00:25:52
Let's say you did open market on those bonds, could you sell them at a premium to generate enough cash and how much would be 00:25:56
leftover? 00:26:00
After you pay off the ban. 00:26:03
For for, for new money and again, do you get close to? 00:26:05
Half the gap. 00:26:08
If that's what you want to do. 00:26:09
You're definitely going to be able to get all of it. 00:26:10
Into that as when he converts a bond. 00:26:12
If you live within the existing authorizations. 00:26:16
Probably can do a little more cheaply. You can if you do it through a bank not non rated. 00:26:18
Kind of just depends what you want in terms of the. 00:26:24
You would like to leave it the way it is, but it looks like we're not going to be able to do it. 00:26:27
I don't, I don't know, do we have the cash to pay it off? 00:26:33
I don't know if we do or don't, but we. 00:26:39
You know, take a lot of maneuvering. 00:26:42
I think we'll put ourselves in a. 00:26:44
No, bit of a bind, and we've got a lot of. 00:26:46
Uncertainties coming up over the next few years. 00:26:49
With all the SB1 changes and. 00:26:53
The movie message I'm going. I'm still not clear on how we got $900,000 over budget, what we gave them to. 00:26:56
Used to do the renovations. 00:27:04
I mean, I don't want to saddle the taxpayers with any more debt than we have to. 00:27:10
So that's that's my. 00:27:15
I'm just that's my question. What? 00:27:16
What else can we do to get this down? 00:27:18
A better cost. 00:27:21
For the 2.4. 00:27:23
Do we get anything functional? 00:27:24
That we can build out over the next few years. That's where, that's where the council's out right now. We need that answer. 00:27:26
2.4 The construction budget of 2.4 million. 00:27:34
Gets you a very well renovated first floor. 00:27:37
Really nice operations. 00:27:41
What do you mean? Very nice operator, What do we do? This is everything that they need to operate the health department. 00:27:44
I don't have the plans in front of me but I mean this is a newly renovated building. 00:27:51
This will be akin to. 00:27:55
A new construction on the on the first floor. 00:27:58
Nice finishes with all the rooms that they need. 00:28:01
They have substantial operations out of the health department. 00:28:04
The second floor you're going to have. 00:28:09
A number of county departments. 00:28:11
Corner. 00:28:14
Stormwater GIS. 00:28:15
Solid waste. 00:28:17
Building and development. 00:28:18
Weights and measures. 00:28:21
And and and this will be a newly renovated, It'll be finished building. Yeah, it'll be perfectly functional. 00:28:23
And then we can add on to it. And yes, we're eliminating the drive through. That could be a future thing if that's something that 00:28:29
we can find money for. 00:28:33
But all the core functions of the health department will be completed there and the other operations that are occurring. How many 00:28:37
exam rooms are we talking about on the first floor? 00:28:42
For exam room. For exam rooms. 00:28:48
So. 00:28:52
How many exam rooms do we have now? 00:28:58
2 so. 00:29:01
There are times that you have to vaccinate in the offices. 00:29:04
We can get really, really backed up. 00:29:10
Tell me that is a. 00:29:13
I mean. 00:29:14
That's a bigger space you're going to right though. 00:29:15
Where we're going to be at now when you move. 00:29:17
To where you're at now. 00:29:20
So I mean, I think the answer is. 00:29:24
The 2.4 plus the 200 on it gets you to a very. 00:29:26
Usable, very functional facility now that yes, can be built out on. 00:29:31
In the future, many of our recent. 00:29:35
You know the Chase building. 00:29:38
Renovations. We've got the second, the third floor. We're not gonna have the 4th floor. 00:29:39
Another couple years, you know, we're gonna have the 1st for a couple years. So all of these are works in progress, building 00:29:43
forward so. 00:29:46
I think we should be focusing on the 2.4 plus. 00:29:49
The 200 and going from there. 00:29:52
Undertale. 00:29:54
Couple of things quick. 00:29:56
Stan, just to clarify the. 00:29:58
You had said that. 00:30:00
At 1.091 CARES Act money. 00:30:02
Came from the health board, but that was the county actually allocated that. Yes, Sir, it was actually designated by the county, 00:30:05
by the county for the health board. Yes, Sir, that's correct. 00:30:09
And then the tower of Pinkster, which kind of came in over that. 00:30:13
That contract had initially been signing. 00:30:17
Find the Health department. 00:30:19
It was presented, the commissioners by the health department presented, so it was kind of a joint effort on that, I said. But I 00:30:20
think everyone was kind of caught. 00:30:24
Off guard a little bit by that increase and that's what we're trying to. 00:30:29
Yes. So come to grips with right now. So again my question is at 2.6 if our gap is 1,000,000. 00:30:32
What options do we have here at the table that we can come up with? 00:30:39
That would negate the need to go back and. 00:30:42
Yeah. Well, I, I think we should go ahead and bond. I think we should bond over a 20 year period. 00:30:45
I don't know what the payments would be. 00:30:51
But if we did come up with. 00:30:53
Some cash. 00:30:56
As we get into these uncertain years in the next two years are very uncertain. 00:30:57
And then we can. 00:31:04
Pay that off if we choose to. 00:31:06
But I don't think we should tighten ourselves down. 00:31:09
By trying to pay this off. 00:31:12
And uh. 00:31:14
I think we should. 00:31:15
Try to give them a. 00:31:17
Functional building that was going to be. 00:31:18
Of there for. 00:31:20
The future for the long long term preacher. 00:31:23
For our community. 00:31:26
I don't know what is a payment. 00:31:28
On the on the bond as it is written at right now 3.43 point 4, is that right? 00:31:30
I I keep. 00:31:38
Hearing different numbers 3.4 million we can go up to. 00:31:39
Three points 3.2 under the current bond ordinance, and again somebody will have to make an estimate as far as interest rate to 00:31:43
kind of figure out, you know, what that annual payment would be. 00:31:48
I know Tim loves practicing, you know, back to the napkin calculations on the fly, but. 00:31:54
I'm sure. Remember this is a general obligation bond. 00:32:00
So the. 00:32:03
Bond payment would be appropriated from a tax levy. 00:32:04
Assessed on the property taxpayers, Floyd County. 00:32:11
So over 20 years 3. 00:32:15
Yeah. 00:32:18
3.4 / 20 years is what kind of payment? 00:32:19
Just give me a ballpark. 00:32:26
But so the question is, are you wanting to? 00:32:27
Just do that gap. 00:32:33
Of what you are authorized up to at this point in time. 00:32:36
That's my proposal. 00:32:41
So I want to put a proposal on the table. 00:32:43
I want to put that yes and then the rest of the. 00:32:46
Renovation costs. 00:32:50
Would come from. 00:32:52
The gold mine. 00:32:53
Money. That's your current outstanding bond that you issued in December. 00:32:54
Exactly. 00:33:02
How much? How much of the council's GO bond portion is still available? 00:33:04
I had that number last month, but I last time, but I don't know four or five as far as not. 00:33:10
And that's spoken for. Oh, it's all spoken, It's spoken for. 00:33:17
It's all spoken for. 00:33:20
No, and now there is half $1,000,000 set aside for it. 00:33:22
Yeah, those accounts, I mean the. 00:33:27
Are earmarked for it, we'll say, but. 00:33:31
And the rest was for sheriff cars. 00:33:35
Well, but over at the next three years. 00:33:37
So I'm sorry. 00:33:39
But that's over the next three years, yeah. 00:33:41
And we didn't get on the full amount this year. Go ahead. 00:33:45
What we I just. 00:33:48
Not speaking for Gary, but we've been talking about this. We do have. 00:33:49
His funds are committed, he's ready to go. What we were going to bring into the next council meeting to share that with you. 00:33:53
Of what his actual plan looks like, it actually came in a little higher than expected because of pricing. It's 574,000. 00:33:59
Again, just to kind of give you a brief update there, so. 00:34:06
And if I may, without overspeaking, I understand what you're trying to do. I think if you convert the band to a bond. 00:34:10
You take that available bond money and you apply, which would probably be somewhere in neighborhood of. 00:34:15
303 hundred $20,000 roughly. You apply that to the points. 00:34:20
Are the 960,000 plus? 00:34:25
Reducing the gap to 650,000 roughly split that between Council and Commissioners. 00:34:27
It makes it a little bit more plausible, freeing up some Gold Bond monies as well. So right. 00:34:34
And that would be my proposal right there. What's dangerous laid out? 00:34:39
And what that's different, what does that do for the taxpayers? 00:34:45
What does that do for the taxpayers? Yeah, as far as what their their debt is going to be. 00:34:49
You know, all of this is all already in place. 00:34:56
So I mean, we get we don't have a bond. 00:34:59
Well, the bond is, the bond payment is going to be somewhere in the neighborhood of about 200,000 a year. 00:35:03
And we would have to find a. 00:35:09
Place to play, pay that from. 00:35:11
But. 00:35:13
I think I and I ask. 00:35:14
I don't know do we have? 00:35:17
Baker Tilly doing an analysis of what our. 00:35:18
I haven't seen one in over a year. 00:35:22
So I, I, I mean, I'd like to know what our. 00:35:25
Auditor's office over the last two weeks, putting it together. OK, good. 00:35:29
Good, good. 00:35:32
I just talked to Paige the other day so to confirm. So we should have something soon. 00:35:33
I think that she's looking at. 00:35:39
The June meeting potentially for presentation, I can't remember. I think. I think this must has thrown Page a little bit behind in 00:35:41
her. 00:35:44
Obligation to get this completed, but. 00:35:48
OK. 00:35:51
But but the the other option is we we come up with a way to pay 200,000. 00:35:56
Over a 20 year period. 00:36:03
Or we come up with a way to pay 2.7 million. 00:36:04
By what is it? 00:36:08
The next three years. 00:36:12
In terms of the band is. 00:36:16
2030. 00:36:20
20-30, yeah. 00:36:20
And we don't fill the gap. 00:36:24
So those are both the those are the options in my head. 00:36:27
Uh. 00:36:31
Are you thinking anything else? 00:36:35
I am definitely not for 20 year bond. 00:36:42
I'm up for a bond. 00:36:44
I'm not at all. 00:36:45
At this point. 00:36:46
I've got some radical thoughts. I don't know if you want me to lay those out right now, but. 00:36:52
That was a good time. 00:36:58
I'd be in favor of looking for another location and put it for sale. Sign out for that one. 00:37:01
In all honesty, because. 00:37:05
I think it was. 00:37:07
Well, can we pick somebody else to give us the estimates then? 00:37:08
I mean, I don't know who, I don't know who picked that. 00:37:12
I know nobody knew location close by that's 8000 square feet and set up for doctor's offices right now. 00:37:15
At a cost of $700,000. 00:37:21
So. 00:37:24
I think we got time for that. 00:37:28
Absolutely. 00:37:30
It's vacant. I think this thing is spun so far out of control that we are trying to. 00:37:31
Put a genie back in the bottle that it's never going to go. 00:37:37
And unless we want to. 00:37:40
Unless we want to. 00:37:43
Saddle the taxpayers of this county with a a bond when we had, when we know what all we have. 00:37:47
Coming at us over the next few years. 00:37:55
So. 00:38:01
What's that do to the where we are? 00:38:04
With the current. 00:38:07
We owe a contractor. We have a contractor who's done a substantial amount of work. 00:38:09
And what I would say is devalued that property at this absolutely, absolutely. 00:38:14
And. 00:38:18
I mean, there's a lot of sound calls into this. 00:38:19
Can we do a contract? 00:38:23
As we've talked about SO. 00:38:25
As far as getting more bids, no, we've already done that. We selected one. 00:38:27
Tower Pinkster, to answer your question, was brought forward by the health department as who they wanted to utilize for an 00:38:31
architect. 00:38:35
County executed on that contract. We then did the bidding. 00:38:38
Came in higher than. 00:38:42
What those estimates were? 00:38:44
But we do have that contract with the current. 00:38:47
Company, we did put in that contract that we could negotiate down. That was part of what we discussed that contract and we were 00:38:50
negotiating it. We put language in there so that we could. 00:38:55
Deal with change orders down. There also were some options for change orders up. 00:39:01
Because I know there were additional options that were sought and I understand all that, but I mean, it's just like they knew what 00:39:05
the number was. 00:39:08
They knew what they had to work with. The number was 2.4 million. 00:39:11
And and. 00:39:14
And that's where we can get, we can, we can get down to there. 00:39:15
That that's so. 00:39:20
Yeah, from the commissioner standpoint, I, you know. 00:39:22
I think. 00:39:25
If the gap is 1,000,000 I think. 00:39:26
We could probably close half of that with. 00:39:27
R Govind Fund. 00:39:30
That we have not committed it. 00:39:32
Um, am I accurate in it? 00:39:35
Assessment stands. 00:39:37
So. 00:39:39
You know. 00:39:40
We we can meet half of that obligations. 00:39:43
Of that gap. 00:39:46
It's just a matter of whether. 00:39:47
I would rather find it than bond it. 00:39:49
That's where I am as well. And by doing that, by the way, we're putting up purchasing. 00:39:51
Some Rd. equipment that we had talked about trying to do sequentially year after year, but. 00:39:56
You know, we have this before us at this point in time and. 00:40:02
We have a functioning fleet. 00:40:06
That we are supplementing so. 00:40:09
Well, this building's for sale. 00:40:11
Yeah. 00:40:14
I'd also like to talk to the sheriff. I mean we gave him half $1,000,000 to buy new cars just last week. 00:40:16
Which leaves us the 1.4. 00:40:23
I don't know if he think about. 00:40:27
Half that this year, and maybe. 00:40:31
Filling the gap next year? 00:40:33
I don't know what the situation is totally. 00:40:36
I didn't. I didn't understand. Can you say that again? 00:40:39
Well, we gave the sheriff a half $1,000,000 last year, this last meeting, right for the cars 400. 00:40:42
Was it 400,000? I'm sorry. 00:40:48
But I was wondering if I mean all in my end of the discussion with you to see if we can't. 00:40:50
Maybe he could come up with some additional funding that we could maybe recoup some of that to help us out in the long run. 00:40:54
If not that, then maybe next time he comes we might have to. 00:41:00
Renegotiate. 00:41:05
I see a smile on Mr. Bradbury. Well, I keep bringing it up and just keeps getting shot down and shot down and shot down. They got 00:41:06
that commissary fund and I got him to sit here at the stand and acknowledge they pulled out 200,000. 00:41:12
His first year in the office for. 00:41:18
Vehicles, why they can't do that in the future, especially moving forward, but we don't have any control of their spending so. 00:41:20
We could not give him the money. He'll go find it then. Well, that's what you do. You don't give him the money, he'll figure it 00:41:27
out. 00:41:30
How fast, how bad does he want the cars? And what's he putting all this money in, these special projects out in the commissary 00:41:33
fund? I think if he's not buying cars, he's buying something else. 00:41:38
I don't, I don't know. 00:41:43
I haven't been down. I don't know. 00:41:44
So. 00:41:49
I agree with you. 00:41:50
I agree with. 00:41:51
I still don't think we have the cash to pay off this. 00:41:53
The Band. 00:41:56
I I mean, maybe we will. 00:41:59
Bye. 00:42:02
By 20-30, I don't know. 00:42:05
Anything further to add Stan? 00:42:09
Islam. 00:42:12
I mean, I at this point, the way that I see this is that we have an obligation that we put forward to the. 00:42:14
Public that we were going to build this building. We have a. 00:42:20
Legal contract to do it. We have a building that has started renovation. 00:42:22
I agree with this. 00:42:26
Statement down here that I would rather scrape something back in rather than put more debt. 00:42:29
And I said we do have. 00:42:35
Half of that gap that we can. 00:42:37
Close. But yeah, we're gonna have to prioritize. 00:42:39
Looking forward to the 2030 balloon payment as well. 00:42:42
So I don't understand. I asked you to come up there and then I. 00:42:45
I I think your points are very valid Sir. That and the only thing I'd like to add to it is. 00:42:49
Regardless of what we choose to do, we still have. 00:42:53
Utility payments that are coming out, we still have obligations for the band payments themselves. 00:42:56
That we have to find a funding source. This gap doesn't necessarily include a lot of those. 00:43:01
Functional items. 00:43:06
As well. So we still need a. 00:43:08
Revenue source to. 00:43:11
Meet those financial obligations as well. So we're looking at the surface the remodel, the IT needs. 00:43:13
The band the. 00:43:20
Potential bond, whatever, and then the gap itself. 00:43:21
But none of that actually pulls into. 00:43:24
Account. 00:43:26
And the amounts aren't aren't extremely large, but. 00:43:27
They're still expenses that we are under obligation to. 00:43:31
If we stay with this facility to continue moving forward so. 00:43:34
So if we put forward our GO bond funds, the gap is 500,000. 00:43:39
And I would encourage us to. 00:43:44
Scrape together what we can from where we can to close the rest of that. 00:43:47
And so forth with that path at least. 00:43:51
It would be my thought on it. 00:43:54
Should we ask our? Should we ask our financial experts what they think? 00:43:58
Or if they have an opinion. 00:44:02
Well, I'm sure they like first to bond. It may have $120,000 but I I don't want to do that. 00:44:03
Nothing personal guys. 00:44:09
I mean nothing. No, no. 00:44:11
I I agree and I, you know, again. 00:44:13
So couple things that this raises my head when I hear like using the 25 Geo bond proceeds for this project. My first. 00:44:16
Concerns like do you somehow? 00:44:22
Make those bonds a controlled project and and no, the answer is no, because the total cost that we're talking about here. 00:44:24
For this, the Health Department building. 00:44:30
Is still below that cost threshold. 00:44:32
I've got no problem with this so legally. 00:44:34
Yeah, you can do that. You know the commissioners want to. 00:44:36
You use the Geo bond proceeds that they were allocated and if council would I mean. 00:44:39
You've got the the leeway to do that if you want to. 00:44:43
But look, I'm not in favor of issuing bonds. I mean, I'm, I'm, I'm with you. I think if there's a way to do it without that, 00:44:47
obviously save money, you know, don't, don't do more debt. 00:44:51
Hey, Brad, quick question when? 00:44:58
When's the next time period for we could do another go bond? 00:44:59
You always can do so. You always look for those. You always have to look at what is your. 00:45:06
So there's a limitation on indebtedness capacity and I'd have to go look at the the transcript from 25 to kind of see what your 00:45:11
debt issuance margin is. 00:45:15
Back the napkin, rough, rough idea. I'd say it's your. Your capacity is probably around 20 million. 00:45:19
So you can do those, you know, whenever you want and again, the only thing is you. 00:45:25
Use it to do before the end of the year to get the debt levy in place for collection next year. If you missed that, it just takes 00:45:29
a lot, lot longer. 00:45:33
When does the current one? 00:45:36
When is the current one paid off? 00:45:38
Let me look. I think that was a fairly short duration. 00:45:43
I think that's right. It's fairly short. 00:45:46
The 2025. 00:45:50
Yeah. 00:45:52
Uh, I looked at it. I think it was five years maybe. 00:45:54
Yeah, yeah, that's what I remember. 00:45:58
Actually, it's it was 10 years. The final jury of the 25 Geo Bonds is December of 2036. 00:46:02
Yeah, 10 year, 10 year maturity. 00:46:08
Because the goal was to not increase the property tax rate at the time. 00:46:14
Right. 00:46:18
So can we pull principal out of either Community Foundation? 00:46:21
Our legacy. Does anybody know? 00:46:27
Well, commissioners have passed the spend rate. Are you talking about the actual principal, not just the spend rate, right? 00:46:30
It's been a long time since I've looked at that I feel like. 00:46:37
Is the way to do it, but there's a supermajority. I'll just in my head, I feel like it's a supermajority. 00:46:41
Copy of the ordinance today, but I'm not sure if you've had time to review it. 00:46:47
It's not to look into it last year and it's a super majority, I think for both bodies. Institute executive. 00:46:50
And it's got to be. 00:46:55
Part It can't be December 31st of January 1st. It's got to be. 00:46:58
One year party. 00:47:02
And there's a limit on it. 00:47:05
The rest like less than 10% or $2,000,000, right? 00:47:06
OK, well we only need 900. 00:47:11
That's what I was thinking for this. 00:47:13
No, if you want to pay the if you want to pay the ban off, we need 2 point. 00:47:15
Well, 2.7, I mean, at the moment we need 500, yeah. 00:47:20
So. 00:47:28
We have other issues tonight too to talk about too. Just, I'll just. 00:47:30
Yeah, let me ask if the Council is there an appetite for? 00:47:33
Committing 500,000 and and. 00:47:37
No bond funds. 00:47:39
For to make a half of this short call. 00:47:41
I would. 00:47:45
Yeah, you say what? 00:47:47
Yeah, I would if there's a guarantee we're going to cut. 00:47:50
Elsewhere. Oh, absolutely. 00:47:53
Yeah. 00:47:55
I mean, but we need to specify what that cut is while we're doing it. 00:47:55
I agree, that's what I would like. The money won't be there so well the. 00:47:59
If we're going to hold a commitment to the sheriff, it's going to have to. 00:48:05
You'll have to come out of public safety funds. 00:48:08
Well, I don't know what. 00:48:11
Oh, I mean, we've talked. 00:48:14
They talk. 00:48:15
So I mean it's there's nothing. 00:48:16
I'm talking about it. 00:48:19
If you're going to reduce his. 00:48:20
Car payments, but that you're gonna have to take it from public safety to make it up. 00:48:22
Correct. Any combination of that. 00:48:26
With his input as well. 00:48:28
But. 00:48:30
I'm just trying to get to the half a million. 00:48:31
To the number we're at the. 00:48:35
24 plus IT. 00:48:37
And fill that gap. 00:48:39
Right. That's right. Yeah, I. 00:48:40
I'm agree. I was agreeing with you, Al. I would. 00:48:42
I'm good. 00:48:44
When you take formal on that or will be. 00:48:46
I mean. 00:48:49
Among the committee, we're OK. 00:48:50
Did we advertise? 00:48:53
When you need to take. 00:48:55
Any kind of work? 00:48:56
Formal vote on anything. We're talking go bond. Those monies are already appropriated as far as advertisement purposes go, so the 00:48:57
bodies can vote to commit those portions as they choose. 00:49:03
So I'll make a, I'll make a motion. 00:49:09
I'll make a motion to. 00:49:13
It's not appropriate. 00:49:17
Right, they're probably going to commit. 00:49:19
$500,000. 00:49:22
From the go, Bond proceeds. 00:49:24
From the Council. 00:49:27
For the Council. 00:49:29
Portion. 00:49:30
For to make up the difference in the. 00:49:34
Monies needed to finish the health department. 00:49:39
500,000 from the Gopan. 00:49:43
Is there a second for that? 00:49:45
I'll second it. 00:49:51
We have a motion and a second. 00:49:52
I just want to clarify this is a. 00:49:54
Do not exceed up to. 00:49:56
Are you OK with that? We're. 00:50:02
Because we're slightly below 1,000,000, but yeah, with. 00:50:03
With the idea that is not. 00:50:06
Correct. I don't want to nail it down to 481. 00:50:09
1000, but do not exceed 500,000. 00:50:13
Yes, everybody's good with that. Any further discussion? 00:50:16
All in favor say aye aye. Any opposed? 00:50:20
That carries on the council side. OK, I'll look for a similar motion. 00:50:23
Looks the commissioners on that. 00:50:27
Yeah, I'll make a motion that the commissioners. 00:50:29
Commit up to $500,000 to bridge the gap. 00:50:32
Can the health department? 00:50:35
Project. 00:50:37
From Gobot Money. 00:50:38
And I'll second it. 00:50:41
OK, all in favor, aye? 00:50:42
All right, there we go. Item one's done or item 2's done. 00:50:45
We do have the animal shelter and we're. 00:50:50
Talk about funding on that one too is what's? 00:50:52
We'll hold that for the end here. So I free the EMS. 00:50:55
3A and interlocal agreement. 00:50:59
Which is for the Commissioners. 00:51:02
I see Miss Fox approaching the coding, which is fantastic. 00:51:05
I got the nod. 00:51:09
Yeah. 00:51:10
OK, so this one is we've we've been working on this interlocal for the Ms. 00:51:12
A structure and moving forward the EMS services within Floyd County. So I think that everybody should have a copy of that we've 00:51:17
got. 00:51:20
Two things. A resolution. 00:51:24
As well as the interlocal. The interlocal is referenced as an exhibit to that resolution. Each body needs to pass the resolution. 00:51:25
And then separately from that, we have the appropriation for the money. 00:51:32
For that interlocal agreement. 00:51:36
Any questions? 00:51:42
I have no questions on that. So we'll. 00:51:44
Again, do 3A first interlocal agreement. 00:51:46
Presented this evening or afternoon amongst the Commissioners. There's no discussion for motion to. 00:51:50
Prove that, yeah, I'll make a motion to approve the interlocal agreement for the consolidation of EMS services. 00:51:57
And I will second that. Sorry, just to clarify, can we make that the resolution along with the interlocal please? 00:52:02
All right, while I'm. 00:52:09
I'll amend my. 00:52:10
Motion to include the. 00:52:11
What kind of resolution 2026-05? 00:52:13
05. 00:52:17
Yeah, which is the resolution for the Floyd County Board of Commissioners approving an interlocal agreement with the Georgetown? 00:52:19
Township Fire Protection District. 00:52:25
And I'll second it again, OK, All in favor, aye? 00:52:27
Thank you, And then we also need the Council to take the same action on the resolution as well as the Interlocal. 00:52:32
Interval requires both bodies, given that it's. 00:52:37
And this is how the public safety I, I don't know what the three million, I don't know what the 3,000,000 is for specifically. Can 00:52:40
we lay out it's in your packet? 00:52:45
OK, I've seen part of it. 00:52:50
Was that sent to us previously? 00:52:52
Yeah, because I missed it if it. 00:52:55
I see 1.8 million. 00:52:57
I believe they. 00:52:59
Get that? If that's up to. 00:53:00
3,000,000 not. 00:53:01
It's up to $3,000,000. We advertise that two $3,000,000. I believe that the specific amount requires meet the interleavel is less 00:53:02
than that. 00:53:06
1.8 Yeah, I think we were two point. 00:53:11
I see 1.8. Where's the? There's several different numbers within the interlocal itself. 00:53:15
So can. 00:53:22
Do you have to interlope in front of you? 00:53:23
OK. I'm looking because we had several different things. We had startup costs. 00:53:25
We had. 00:53:30
The initial hiring, so how much is that? 00:53:31
I mean, I want it laid out. 00:53:34
OK, I want it laid out. 00:53:35
Sorry. 00:53:37
I mean, I know this is going to take some time, but I don't want to approve 3,000,000 without understanding what it's for. 00:53:39
So under Section 6 it talks about the financing, budgeting and cost sharing. 00:53:44
So there's the pre transition cost of 325,000. 00:53:49
300. 00:53:55
You're here? Yeah. 00:53:57
And and we have, did we have this previous because I've not seen this till it's been circulated out several times in the last 00:53:59
couple months. We've been working on it for months. 00:54:03
Have I? Have I? 00:54:08
See. OK, I I haven't, I don't know, maybe. 00:54:10
I actually thought it was gonna be 3.5 so it's better. 00:54:14
325 for that transition under B, there's 181,000 and some change for the ongoing EMS deputy chief compensation. 00:54:20
So the ongoing deputy chief is going to make an additional 181,000. No, let's pay benefits. 00:54:33
Compensation, benefits, total compensation kind of up and that's his total compensation. So we're hiring a new chief and it's 00:54:42
going to be this amount. He's not transitioning. 00:54:46
Point that chief, I don't their hearts they're. 00:54:51
The point he's he's right there. 00:54:54
And OK. 00:54:59
OK, 181 for the Chief. 00:55:01
And then what happens to the other chiefs? 00:55:03
Now this is EMS. 00:55:06
We're not changing the fire structure at all. This is OK. 00:55:09
Bringing the EMS structure into the territory. Gotcha. Yep, and then so. 00:55:11
Again. 00:55:16
The way we've structured this is that the fire territory will be responsible for hiring. 00:55:17
Doing the any sort of quoting, bidding, anything like that that's necessary. 00:55:22
But the county will be paying for those things through correct the startup costs and the different costs under Exhibit 1 is where 00:55:27
you're going to see. 00:55:31
What we've laid out as being the 2026 budget. 00:55:35
That's 1.8 in some change. 00:55:39
Kind of get up and running for the EMS structure. 00:55:42
We put language in the interlocal that on an annual basis the fire territory and the Commissioners and Council will sit down. 00:55:45
And come up with the next annual budget. 00:55:53
OK. So that we're talking about what that looks like, what's been spent. 00:55:55
How much revenue they've had come in that we can then maybe utilize to reduce the annual budget if possible. All of those kind of 00:55:59
things are structured within the Interlocal. 00:56:03
OK, just like we do all the other. 00:56:08
Yes, yes, Sir. 00:56:12
And just as a headset, the last time that this was circulating was from Miss Fox to the entire bodies that you have there on 00:56:13
Friday. 00:56:18
Yeah, true. That was the final version, but it's been sent out several times before, OK. 00:56:23
This Friday, OK. 00:56:31
So I've got 2,000,000 three 15 so far. 00:56:33
Exhibit 1 does not have. 00:56:37
Angels, as we've already appropriated that, yes. 00:56:39
The ambulances that you've already decided to purchase. 00:56:43
Yeah, which were under a separate contract, not this interlocal. OK, via this interlocal, we will transfer them to the fire 00:56:46
territory if something happens with the fire territory. 00:56:50
We get those back. 00:56:54
OK, OK. We got the other one. So I see two point. 00:56:55
Two Million, 3:15. 00:56:59
Is what I've added up. 00:57:01
So I would. 00:57:03
I'll make a motion to. 00:57:04
Appropriate 2,000,005. 00:57:06
Out of the. 00:57:10
Public safety. 00:57:13
And is that? 00:57:15
Fund, 1170. 00:57:19
Hold on just a second. Is there a second for that? 00:57:23
Seeing none. 00:57:28
Mr. Dixon, please go ahead. 00:57:30
Hello so the. 00:57:31
I believe it's the spreadsheet from Microsoft Excel totals around $3.6 million if that's. 00:57:33
The one you are looking at 1.5 million. 00:57:39
OK, No, it's not. 00:57:42
Correct. 00:57:46
So. 00:57:47
By my calculations right now there should be around $2.1 million or remaining. 00:57:49
You need 2.1 total 900,000 of that 2.1 million. 00:57:54
Is able to be paid. 00:58:00
Over up to three years, interest free. You don't have to buy that right now outright. 00:58:02
That puts your payment down. 00:58:08
You know what? One point. 00:58:11
She'll take 600,000 out of that. 00:58:14
Then you have another $360,000 which is. 00:58:17
Reimbursing Highlander for their ambulance. Now you're down around 800,000. 00:58:20
Those are those are the capital purchases that would be not yet. 00:58:26
Out the door. Say that again. Say, say, say what we're going to do. We're going to buy the. 00:58:30
Ambulances from Highlands, there were there were some discussions about. 00:58:36
That OK, because so that's not important. Yeah, this is not that's not a part of this, OK. Yeah, this is that's that's a different 00:58:39
thing that has yet to be negotiated. 00:58:43
So based on what you just said, now we're down to 1,500,000. 00:58:48
Yeah, I appreciate Mr. Dixon thinking like what he had come up with our territory. 00:58:53
Mr. Schultz, Mr. Sharp and myself sat down with their attorneys and came up with, okay, what do we really need for 2026? Again 00:59:03
with the thought that 2027. 00:59:08
The boards will come back together and establish another budget for that. We didn't want to commit to a number for 2027 or any 00:59:14
year thereafter. 00:59:17
Without being able to actually. 00:59:20
Look at what that needs to be so. 00:59:22
That's the 1.8. 00:59:24
Yeah, that's the 325 startup costs, that's the 181 for compensation, yes. So why would we appropriate 3,000,000 three million? 00:59:25
It was an up to. We didn't up to. 00:59:35
I'm sorry, that's, that's $700,000 of up to. We did that to make sure that we were covered because we were still negotiating the 00:59:38
final details. 00:59:42
That's that was an advertisement, Denise, that was. 00:59:46
OK, correct. That was just an up two number. OK, we were covered when we came down to the final numbers of what that looked like 00:59:51
and what we could pull out of the. 00:59:56
Original budget that was discussed, which I think was the original 3.2 number. 01:00:01
OK. So can you give us a good number of where we're, where we need to be on this appropriation? 01:00:06
And then I think. 01:00:12
I think Miss Conkel said up. 01:00:15
To 2.5. 01:00:17
I think covers where we are. I think 2.5 is fair. 01:00:18
Is that separate from? 01:00:23
Recipe and separate from this, no, she's asking for the total which we have 1.8325 and 180. I would go to three. 01:00:25
That gives you $200,000 to. 01:00:35
I'm sorry. 01:00:38
I think that's probably fair. You good with that? 01:00:40
Yeah, yeah, it's a. 01:00:43
So I have a breakdown of some cost savings, things I've done where that time comes. 01:00:45
Don't spend it without applying it. 01:00:52
And I've sat down with Mr. Dixon. 01:00:56
A half dozen times, probably. 01:00:59
And every time I do, he comes. 01:01:01
With another. 01:01:03
Cost saving measure or. 01:01:04
Org. 01:01:07
25,000. 01:01:07
It's it's it's refreshing. 01:01:09
If, if you don't mind if, if Denise, if you want to redo your motion, can you include the really just wanted to hear him first. 01:01:13
Can you include the interlocal that we have to? I was just going to ask, do we have to do the interlock forward? We need to do the 01:01:19
resolution, which is the resolution that approves the interlocal. I think you guys are on O2 if I'm not mistaken. So we have. 01:01:26
Council resolution 202602. 01:01:33
Which is approving and signing off on that those as well as the. 01:01:37
Appropriation. So we can do one at a time or you can do all three. 01:01:43
Yeah, you're doing it one at a time. OK, let's start. 01:01:48
OK. 01:01:52
Does somebody else want to make it? Because I don't know. 01:01:53
Not great. Let's start with the resolution. OK, so I'll make a motion to accept the resolution. What number is it, 02? 01:01:55
2026202602. 01:02:03
O2 is the legacy foundation. Oh, I apologize. So are we. 01:02:06
3. 01:02:10
I believe that one is 03. 01:02:10
03. 01:02:12
Sorry. Which is I'm sorry 0303. 01:02:14
I'll second. 01:02:20
I have a motion and a second for. 01:02:22
County Council Resolution 202603. 01:02:23
For EMS service, any discussion? 01:02:27
All in favor say aye. 01:02:29
Any opposed? Aye. 01:02:31
That resolution carries. 01:02:33
Next, the interlocal agreement. 01:02:35
I moved to approve the interrogal agreement with with Georgetown Fire. 01:02:39
Yes, Sir, with the fire territory. 01:02:43
I'll second we have a motion and a second for the interlocal. 01:02:46
Any discussion on that? 01:02:49
All in favor say aye. 01:02:52
Aye, any opposed? 01:02:54
That carries. 01:02:55
Next is the appropriation. 01:02:57
Make a motion to appropriate. 01:03:00
2.5 million out of fund 1170. 01:03:03
Can you? 01:03:09
Can you phrase it as up to? 01:03:09
Sorry, I'm up to tonight. Thank you. 01:03:11
Up to $2.5 million out of Fund 11. 01:03:14
I'll second, we have a motion and a second for up to 2.5 million out of. 01:03:19
Public safety lid. 01:03:23
Any discussion? Yeah, I'd like to say something briefly that, yeah. 01:03:24
I just know from the. 01:03:28
Representatives from. 01:03:30
Both Lafayette and Greenville Township that they weren't happy with this deal with the Highland fire and merging of all this. So I 01:03:32
do not support this in any way. 01:03:36
And I'm. 01:03:41
Doing what? My taxpayers in my area? 01:03:42
Do not want. 01:03:45
And I'll, I'll, I'll add, I'll add on to that there is a lot of. 01:03:48
Headache about this out in Greenville and Lafayette. 01:03:53
And the reason is the tax rates. 01:03:56
Are out there are going to be more affected than anywhere else. 01:03:59
And I think we really need to do some due diligence and trying to use some of the cash that we have on hand. 01:04:03
To get that rate down for next year? 01:04:10
By putting some cash into that. 01:04:14
Upfront and I think we have some cash that we've collected from the public safety that that we can do that with. 01:04:18
So I think there's going to be more just. 01:04:24
Greenville effective with this. 01:04:27
Well, everybody gets affected if we put the. 01:04:29
The money. 01:04:32
They have gone in the last five years from having an owl. 01:04:34
Volunteer Fire Department. 01:04:40
To a contract to and then. 01:04:42
You know, it's just been a progressive. 01:04:45
Upward motion. 01:04:48
For them. 01:04:49
And it's. 01:04:51
We we are hearing it about. 01:04:53
We are hearing about. 01:04:55
So what's my understanding that within? 01:04:57
Years ago. 01:04:59
This is just a start out. It's going to drop, I understand. But if we have the opportunity to lose some of our cash, when I went 01:05:00
to the presentation, it's not dropping, it's just leveling off. Once you get the raise, you pay that raise every year so it 01:05:04
doesn't drop. 01:05:09
We need to really look at those rates and that's why I wanted to get Paige to take a look at some of this and see if we could. 01:05:14
Use some of that cash to bring those rates down for 2027. 01:05:21
We had cash. Why did we go through the last discussion with the help? 01:05:25
We do have some cash on hand with why didn't we use it for the health department? 01:05:30
No, Mr. Backshall, do you have? I just want to point. 01:05:34
Prioritize some cash. 01:05:39
I just want a point of clarification is all I want. 01:05:40
The center local. 01:05:43
With the intent, Mr. Dixon of. 01:05:45
Two to three years down the road, this body don't have to deal with. 01:05:48
Ambulances or fire trucks or nothing. 01:05:52
Anymore, this is startup costs. 01:05:54
Just your point of clarification, So. 01:05:58
We're and we did whip and. 01:06:00
I voted for the property. I mean the public safety lid. 01:06:03
With this intention. 01:06:06
But. 01:06:08
Just to be clear. 01:06:08
Hopefully two to three years down the road, this body won't have to deal with that anymore. It'll be fire territory. They'll do 01:06:10
their own tax rate. 01:06:13
Or have their own board. 01:06:17
And maybe we'll be oversight with the new. 01:06:19
SB1 stuff but. 01:06:23
We won't have to deal with. 01:06:24
Appropriate money or anything anymore after that startup cost, Yeah. Budget appropriation, yeah, exactly. We're going to have to 01:06:26
still, yeah, budget oversight, but we don't have to. 01:06:31
We don't have to go through this to us for LIT dollars. 01:06:36
OK. Just for clarification. 01:06:41
Any further discussion? 01:06:44
All in favor of 3B, the appropriation for up to 2.5 million out of public safety, let's say aye aye. 01:06:47
Any opposed? 01:06:54
Aye, that carries. 01:06:55
Do you want to do animal shelter before we do? 01:06:59
The ordinance OK Item 4 ordinance. 01:07:01
2026-10 for. 01:07:04
Additional appropriations for this evening. 01:07:08
I'll make a motion to approve item 4. 01:07:10
Second motion and a second for the ordinance. Is there any discussion? 01:07:13
All in favor say aye aye. 01:07:19
Any opposed? Aye. 01:07:21
That carries. 01:07:22
Resolution 2026. 01:07:24
O2 for legacy foundation spin rate. 01:07:26
Did everybody see the e-mail that came out on that? 01:07:32
It's 5%. It's been right. 01:07:37
Right. Is there a motion for that resolution? 01:07:39
I move to approve resolution 26. 01:07:44
2026-02. 01:07:47
Second motion a second. Any discussion? 01:07:48
I thought we did this in December. 01:07:51
We did not. We get, we get the. 01:07:54
We get the disbursement in December. Well, I know, I bet. I thought we also did the OK. 01:07:57
That's fine, it doesn't hurt to redo it. 01:08:03
Normally. 01:08:06
It happens at the end of the year on both bodies. 01:08:07
OK, thank. Thank you. OK. So you weren't missing remembering when it normally happens. OK, thank. Thank you for saying that. Any 01:08:10
further discussion on the resolution? 01:08:15
I'd just like to make a comment. 01:08:20
When we did, when they did that, previous Council and commissioners. 01:08:22
I was against it. 01:08:26
But I'm man enough to say I was wrong. We've made a lot of money off that investment. 01:08:27
In the last 10 years. 01:08:31
And I'm glad we did it otherwise. 01:08:32
We'd raise taxes more than we already have. 01:08:34
Without that. 01:08:37
Another 20 years, we'll have it all back. 01:08:40
Any further discussion? 01:08:44
All in favor say aye. 01:08:47
Aye, any opposed? 01:08:48
That carries. 01:08:50
All right. Item 6 is for the Commissioners. We have a. 01:08:52
Quote from BIS Digital. 01:08:57
This is for renovations at the public meeting space. 01:08:59
At the Old City County Building. 01:09:04
And because our intent is to move these meetings. 01:09:08
There in the very near future as we continue to empty this facility. 01:09:12
To make it. 01:09:17
Or sell a. 01:09:19
So. 01:09:20
That's what it's going to take to get us up to. 01:09:23
Far with regards to it and. 01:09:25
Public access, correct? 01:09:29
So. 01:09:31
For a few days until yeah, alright, so I'll look for a motion to approve that. So move. 01:09:33
Second all in favor, aye. 01:09:38
And that brings us to the animal shelter. So. 01:09:41
We had. 01:09:45
What I would consider a successful. 01:09:46
Mediation outcome and Christy, if you want to give us a summary of that and where we are and. 01:09:49
And I don't know if council received a copy of the mediation agreement, happy to circulate that if you would like to see that, but 01:09:55
at this point. 01:09:58
We reached an agreement with the city that the county will. 01:10:03
Continue to retain ownership of. 01:10:06
We own the property and sits underneath the animal shelter building but. 01:10:09
Back in the 1999 Interlocal. 01:10:13
There was language that both the city and the county would jointly. 01:10:15
Put money in to pay for that building so. 01:10:18
Late 24, early 25, we started discussions. 01:10:21
Amongst the attorneys of the city and county to talk about how we would kind of break that apart since the interlocal for the 01:10:24
animal shelter services was no longer in place. 01:10:29
And so Fast forward to the mediation. 01:10:34
Or let me, I guess. 01:10:38
Fill you in a little bit more in that there were two appraisals done, one by the city, one by the county. 01:10:39
County price actually came in slightly higher. 01:10:44
The discussion point was that we. 01:10:48
We, being sitting county, agreed that we would get the two appraisals and that the city would be bought out of their share of that 01:10:50
building. 01:10:54
By way of a. 01:10:58
Average of the two appraisals. 01:11:00
OK. And so? 01:11:02
Yes, divided by two because there are 50% share. 01:11:03
So we did that. We had the two appraisals done, county appraisal came in actually slightly higher. Our number was. 01:11:06
I'm sorry, I don't have that written down in front of me that the average of the two appraisals that was 415,500 and so the 50% 01:11:14
was 207750. 01:11:19
Fast forward to the mediation. The city agreed to take that. 01:11:24
Within 30 days. 01:11:28
For us to buy out their share of the building. 01:11:30
And. 01:11:34
The county agreed that they could stay in that building in that location until the sooner of two dates. 01:11:35
If they finish their animal shelter building that they said they're building. 01:11:42
Sooner than they will vacate once that building's done otherwise. 01:11:46
The latest date that they can stay in the building is December 31st, 2027. They will vacate by that date, so about a year and a 01:11:50
half from now. A little bit more than a year and a half. 01:11:54
And they'll pay all expenses of staying there, maintenance, utilities. 01:11:59
We they will maintain insurance on the property and name us as an additional insured. 01:12:04
So kind of status quo on those type things, Nobody owes any. 01:12:09
Other money associated with the animal shelter itself. 01:12:13
And we will pay them that 207 within 30 days. 01:12:16
It's kind of the gist of. 01:12:19
When the 30 days expires, May 17, it is May 19. 01:12:21
We this was last Monday, April 20th. 01:12:25
And you're all of the two of Salem. Where's that money coming from? 01:12:29
That's what we're here to discuss. 01:12:33
Oh, any other questions on the mediation agreement? Otherwise I'll sit down for you all to discuss. I thought they already had an 01:12:35
answer for that. I. 01:12:38
That's above my, he said. We have. 01:12:42
Plenty of cash. 01:12:45
I don't know how much gas. 01:12:46
So. 01:12:49
Thoughts with regards to that? 01:12:51
I mean, I looked at the rainy day fund and I know there's hesitation from the councils. 01:12:59
Decide to do that but you know this is an unexpected expense but I think it's still a welcome one because it. 01:13:05
Brings resolution to a long standing. 01:13:12
I wish since they. 01:13:16
Issue for us so. 01:13:18
It was a good move and I think we need to come up with the money. 01:13:20
Get paid, I'll go deliver it. 01:13:23
So if not rainy day then then. 01:13:26
From where else? That's Kristen. What's the riverboat money? 01:13:28
I think the riverboat was down to about 97,000 or something like that. 01:13:32
Stan was that the last time you saw riverboat was in like 97 five or something 95,095 so riverboats at 95. 01:13:38
OK. 01:13:48
I know this doesn't answer the question at hand. 01:13:52
Question at hand is where we're going to pay this from, but just out of curiosity, do we have plans? 01:13:54
For this area, I mean, down the road, are we gonna? 01:13:59
Be putting more money into this property so. 01:14:03
The whole goal. 01:14:06
And it was in probably 18 or 19. 01:14:09
The city litigated with the county and went to the Indiana Supreme Court. 01:14:12
And the Supreme Court said that the county owned the property. 01:14:17
Real estate. 01:14:20
Not the building. 01:14:22
So. 01:14:23
This is a possible location. 01:14:24
For a new courthouse. 01:14:27
It's across the street from the jail. 01:14:29
It would help. 01:14:32
With transporting of. 01:14:33
The defendants to court so. 01:14:35
Right now it was a great deal. 01:14:38
For two reasons. 01:14:41
A We own the real estate anyhow. 01:14:43
And maybe in the future that would be a location for. 01:14:45
A new courthouse. 01:14:50
That's close by. 01:14:52
Is it big enough? Is the lot big enough for? 01:14:54
Now that we have possession of both items, we can formally explore that, yes. 01:14:57
OK, because we own the parking lot and the. 01:15:02
We're right. We own the parking lot and that real estate, that envoy. 01:15:07
Gave their last presentation to us. 01:15:13
Or a four or A5 story building. They thought that that property was sufficient. 01:15:16
Now, whether there's enough parking there or not or is is something. 01:15:21
For debate, but as far as structurally. 01:15:26
Take a book, but it allows us. 01:15:29
Take that next step and that's fine. I know I'm putting the car before the horse. I was just trying to get a. 01:15:31
Idea or path forward, I think that that's a prudent question and. 01:15:35
You know. 01:15:41
It it really puts it behind us. 01:15:42
That we were in that agreement with them. 01:15:45
And now we're not. 01:15:48
And if nothing else, when they move out. 01:15:50
The Gnubar Animal Shelter. 01:15:53
And we could not prudently take that next step with that. 01:15:55
Agreed. Understood. 01:15:58
I think bringing this issue to a close also. 01:16:01
Allows us to focus on. 01:16:04
What we're not going to be spending in legal fees to get there. 01:16:05
You know, you know because at some point. 01:16:08
These questions were going to have to be answered no matter what. 01:16:11
And to me, I think it's a good deal like it. It just kind of falls back as working. I'll agree to this. 01:16:14
Needs to be funded through paid for so. 01:16:20
You know the positive part. 01:16:24
For me personally was. 01:16:25
To be able to sit down and mediate. 01:16:27
With the city of New Albany. 01:16:30
Hopefully that'll open the doors going forward. 01:16:32
Because if the two governments could get together, that's where we're really going to take care of the taxpayers of Floyd County. 01:16:36
I agree. 01:16:42
No doubt I agree and and Al I'd appreciate. 01:16:44
Your consideration on the rainy day fund, My concern there would be at what rate? 01:16:49
We end up depleting the rainy day fund too and. 01:16:54
And if that. 01:16:57
For the financing and. 01:16:59
Bombing. Well, we've been negotiating here all night. 01:17:00
Uh. 01:17:05
We appropriated. Are we approved? 01:17:08
In edit $400,000 for recycling. 01:17:10
And we took back the benefits and the wages of recycling. 01:17:14
And gave it back to edit. 01:17:18
And Mr. Stan said. 01:17:20
We can allocate that for other projects. 01:17:22
For this is another project. 01:17:26
So if we're negotiating. 01:17:28
The commissioners could. 01:17:30
Possibly, uh. 01:17:32
Come up with half and we come up with 1/2. 01:17:34
Yeah, really if, if. 01:17:39
And I I guess where you're coming from. 01:17:40
The uh. 01:17:42
But how much of that 400,000 actually went? 01:17:44
Back towards the recycling budget this year. 01:17:47
It all went back to edit, isn't it? 01:17:49
It's in edit but we spent 50,000 of it for the HHW contract. Caldwell so. 01:17:51
And left at 3:50. 01:17:56
This year. 01:17:59
Easy Chevys, the household hazardous waste contract, right? 01:18:00
OK. And nothing's been advertised on this, right? 01:18:03
No, but we're yeah, no, no, I want a three-week. 01:18:09
Yep, 3 weeks training here. 01:18:11
The commissioners just had a sale. 01:18:14
And those proceeds, as far as I know, go back into the general fund and have. 01:18:20
So we did, we did have a special sale and I think it brought in about $83,000, similar to paying your property taxes, similar to a 01:18:26
property tax sale. So people that have defaulted on their property taxes, the commissioner sale is properties that didn't sell in. 01:18:34
The property tax sale. 01:18:42
So anything that is paid on those properties gets applied to. 01:18:43
Back taxes for those properties. The goal is to bring as many properties back onto the tax rolls as possible. So in essence. 01:18:47
You can't. 01:18:54
Touch those monies until I do settlement. 01:18:55
And settlement decides. 01:18:57
Where those monies go so depending on where they were located. 01:18:59
Is the district that they will go to. 01:19:02
As well as. 01:19:04
Library schools. Some of it will go to the general fund, some of it will go to the health department, some of it will go to the 01:19:06
parks. 01:19:09
It just. 01:19:12
It's based on the levy distribution for your property taxes. Well, if you're going to divide 83,000 up, doing all that $84,000 01:19:14
does nothing for you. 01:19:19
No, no, sorry. I will update. We did receive some more Riverbutt River vote funds, so we're at 109. 01:19:26
$1000 in River Rd. 01:19:35
There's alright. 01:19:36
So wow you have 109 in River Mountain. You have 350 leftover from the the solid waste budget and edit. 01:19:37
There is nothing currently advertised additional. 01:19:46
Line transfers can happen in some of the funds that already have appropriations, but. 01:19:49
We need to know really, really soon because I think that we've already passed the deadline for the council meeting. 01:19:56
Advertisement. 01:20:04
That might be, yes, we have. And so for the joint meeting in May, which falls I think on the 15th of the month, we need to know by 01:20:05
Friday what we're advertising. 01:20:09
Otherwise. 01:20:14
This doesn't happen. 01:20:15
Oh, it's gonna happen. Yeah. Otherwise I just should take a ride. I don't even know what I'm advertising. 01:20:17
We'll take a ride off of Jack. 01:20:23
Right. 01:20:25
Thank you. 01:20:29
Thank you. No, that was my question. I'm glad somebody asked. 01:20:31
So umm, you didn't unappropriate before? 01:20:35
Correct SO. 01:20:37
There's $350,000 sitting in edit that we can transfer to a capital expenditure line at. 01:20:38
That Council meeting with no challenges whatsoever. 01:20:45
Correct. 01:20:51
What can we accomplish today? Well, you can. You can pay for it today. 01:20:52
You can pay for it today and the line transfer can happen because I don't think that the body of seven that's sitting here. 01:20:56
Is going to say 6. 01:21:02
Weekend. My apologies, we can't transfer. 01:21:06
Today. 01:21:10
We can't make a motion to transfer that. You could if you add it to the agenda. I guess I have to get you specific line numbers. 01:21:11
You can do that today. 01:21:18
I've seen the look of consternation on stay in space. That might indicate that it's not just sitting there, but. 01:21:20
I think, I think there's a there's a lot of different parts of this puzzle that easily fit together. 01:21:28
First and foremost, I think we all, Commissioners and Council, are sitting in agreement that our obligation. 01:21:33
To make this payment in a timely fashion is 100% our ultimate goal with the council's blessing, and I know that's. 01:21:39
Not violating State Board of account rules to its. 01:21:47
Intent as you can always pay a line in the red. 01:21:50
As long as you get it shored up. 01:21:53
It's required to be shorted by the end of the year. 01:21:55
Now with regard to a transfer since the solid waste money is sitting in a 4000 account. 01:21:58
Which is a capital investment account. The funds can be transferred. 01:22:03
Without having to be presented to Council. 01:22:06
There are 4000 lines, so yeah, they don't even have to go before council, so commissioners can just request a line transfer 01:22:09
through my office that that that could happen without going to council as well. 01:22:14
And then the other consideration is if the Commissioners of. 01:22:20
Were to evaluate. 01:22:23
Paying their portion from the GO bond. 01:22:25
The Gold Bond. 01:22:28
Obviously would be presented to on the uh. 01:22:29
Commissioners Agenda. 01:22:32
For next Tuesday night or next Monday night. 01:22:33
With approval there, then we could pay your portion of. 01:22:36
The the funds out of the go. 01:22:40
And that's ready to go by. 01:22:43
By Monday night. 01:22:44
So there there are options I think that we all can consider here that. 01:22:45
Make sure that we hit the obligation of our timeline. 01:22:50
Constraint. Well, my thought. 01:22:53
First thought out of those would be to use it out of the money that. 01:22:55
We saved with the recycling restructuring. 01:22:58
I mean, that's, that's the whole reason we we did that was that so that we had some money and funds that we could. 01:23:03
Put elsewhere. 01:23:08
And that. 01:23:10
That is. 01:23:11
Good taxpayer use of that money. We're not. 01:23:12
Taking anything else out of the GO bond, which we're still gonna have. 01:23:15
Obviously gonna. 01:23:18
Max out that at some point in time but but to me. 01:23:20
That's the reason we went through. 01:23:23
All of those discussions. 01:23:25
And. 01:23:28
And and again. 01:23:29
It's showing that the true purpose of that was to to reallocate that money for. 01:23:31
The good of all taxpayers, that's where I would take it from. 01:23:35
Seems very reasonable. 01:23:38
Yes. 01:23:39
Today I can play animal shelters for the agenda at the beginning so. 01:23:44
We have 4 packets we have available. 01:23:50
There's 350,000 in the in that particular land as of right now. 01:23:52
My recommendation would be for the full amount and. 01:23:58
You're talking about building goodwill with the city will build goodwill with the the council regards to that first because. 01:24:01
Because you guys have a lot of extra work to do on that extra on that 500 to close that gap on reciprocated. 01:24:08
Yeah, let's do that. So I'll look for. 01:24:16
Need a motion. For that we need this specific line item. 01:24:18
So you don't need it. 01:24:22
You don't. You just make the motion that that's what you're going to do because since it doesn't cross categories, it doesn't even 01:24:25
have to go before council for approval. Stan and I can take care of it in about 5 minutes flat. 01:24:29
Council's OK with that. 01:24:34
Just that will come out of. 01:24:36
So the motion is to take the 207 out of edit to it. 01:24:39
Correct. What's the total 207750? 01:24:43
207750. 01:24:47
Yes. All right. I have a make a motion that we take. 01:24:49
Pay the City of New Albany 207750 out of edit. 01:24:54
Today. 01:24:59
I'll second. 01:25:01
OK, I have a motion to second. All in favor, aye? 01:25:02
Yeah, first thing and we'll get a cut tomorrow and then they'll let me know when I walk into the city. 01:25:06
Walk Dr. Hot Drive. 01:25:11
Don't send it in the mail. 01:25:16
Wants to go with you all right. 01:25:19
So. 01:25:22
We should have done that one first. I'm thankful for. 01:25:24
Speedy resolution on that and again, vindication with regards to our budgetary maneuvers of earlier. 01:25:27
Last year and then this year. 01:25:33
So any. 01:25:36
Comments from the public closed wheel. 01:25:38
If you will. 01:25:48
If you can speak briefly to it and then we can just forget it into the record and Susanna can. 01:25:50
Disseminate that to everyone up here. 01:25:54
And for the public record as well. 01:25:56
So since since I started. 01:26:00
Kind of this journey with EMS. The one thing I'd. 01:26:02
I, you know, made a commitment to myself and everybody else that. 01:26:04
You know it's going to do this smart and do it fiscally responsible is going to increase the amount of services. 01:26:07
While using Highlander as the backbone for the history or for this future EMS service. 01:26:12
Through those conversations they were like hey we're short staffed Saturday. I just finished my 3rd shift my 60th hour working on 01:26:18
an ambulance at Highlander. 01:26:22
With them in the last two weeks. 01:26:26
I would encourage each of you to reach out to them and speak to them and. 01:26:29
I think their their opinions have changed very much so since I've been in the building for the last month. 01:26:33
Spent last week up at FDIC with a group of them. We all rode together. 01:26:38
Had some fellowship, had a great time. 01:26:42
Made a lot of good runs. 01:26:44
Saves people's lives last week, so it's been a good thing. 01:26:46
So just to kind of. 01:26:49
Paraphrase basically you know, I've identified different cost saving measures as far as we've identified new vendors, we've 01:26:51
switched equipment just for some specifics. 01:26:56
We're about $450,000 in savings right now just by. 01:27:01
Breaking the status quo? 01:27:05
Looking at different pieces of equipment. 01:27:06
Purchasing different things, Exploring different purchasing options. We saved $60,000 by switching the brand to stretchers. 01:27:09
From going from striker over to Ferno. 01:27:15
We saved uh. 01:27:18
You know, I do believe in uniformity. So one thing that we're going to do is is the administration of EMS. We're going to drive 01:27:21
the same vehicles that the fire administration is going to do. However, we're buying a lower trim level. 01:27:26
At a cost of about $10,000. 01:27:31
Cheaper per unit. 01:27:33
Saved $130,000 by switching the brand of ambulances. 01:27:36
So. 01:27:39
Going they look the exact same. Park them side by side, you can't tell the difference. 01:27:40
So there was another $130,000. 01:27:44
I eliminated 2 positions. 1 was an administrative assistant position. 01:27:47
I will do those jobs. I will and those those responsibilities will be absorbed by the EMS administration. 01:27:52
I also eliminated the training position because in the state of Indiana, a paramedic can teach anything at or below their scope of 01:27:58
practice. 01:28:02
And the paramedic is the highest level of pre hospital care in the state. 01:28:07
So basically. 01:28:10
A paramedic can teach anything. 01:28:12
That is required by the state for. 01:28:13
Paramedics empts, advanced empts, or first responders to maintain their certification. 01:28:15
So there is no cost to that. 01:28:20
I wouldn't say I eliminated, I postponed it. 01:28:23
I will fill that position. 01:28:25
When I can stand before you and say that we have money in the bank and we'll have that position, but we're going to pay for it 01:28:27
ourselves. 01:28:29
So. 01:28:33
I believe very, very strongly in in transparency, professionalism and accountability. 01:28:34
I've had a lot of great conversations with the people at Highlander. 01:28:40
And they're on board. 01:28:43
They have been phenomenal and I will say it publicly. 01:28:44
You know, they deserve a huge thank you. They've been very welcoming to me. 01:28:48
They've been very professional. We've had a lot of great conversations. 01:28:52
You know some? Yeah. And they've been very honest. Some of them aren't happy. 01:28:55
But. 01:29:00
You know, all I asked him to do is give me a chance to earn. 01:29:01
In their respect. 01:29:03
And, and they have been more than more than willing to do that. 01:29:05
You spend a lot of time together in the last. 01:29:08
Couple weeks I'm in the building probably 3-4 days a week. 01:29:10
I'll be there tomorrow morning again. 01:29:13
I've been there all day. 01:29:16
Been there since 8:00 this morning. 01:29:17
So that's my commitment to the taxpayers of this county. 01:29:19
Is to build this system the right way? 01:29:23
To do it fiscally responsible. 01:29:25
And to. 01:29:27
Build a system that this county has never seen before. 01:29:28
And it's. 01:29:31
It's coming really quick. 01:29:32
So thank you, thank you, thank you that into the record. 01:29:33
Right, OK. 01:29:37
All right. Any comments from anyone else out there tonight? 01:29:38
The comments from the boards. 01:29:44
The other thing I would like to say is that. 01:29:46
I I'm so proud. 01:29:48
Of what we just did. 01:29:50
You know this. This is a long time coming. You know this solves. 01:29:51
Problem that. 01:29:54
I know we've been dealing with. 01:29:56
Long before advocate with the Commissioner. 01:29:57
And this is such. 01:29:59
A monumental step in the right direction. I'm just so proud of what we just were able to accomplish, so thank you. 01:30:01
Everyone and especially thank you to all the people that are out there providing the service to the people they. 01:30:07
Done a fantastic job, so thank you. 01:30:13
Anyone else? 01:30:16
I'm going to reiterate. 01:30:17
Final time. 01:30:18
That solid waste services are essentially the same as they were a year ago. 01:30:20
And with the restructuring, we were just able to. 01:30:25
Utilize over $200,000 and saved revenue. 01:30:28
To purchase a building that's going to be a benefit to. 01:30:33
People. 01:30:35
Throughout Floyd County, New Orleans. 01:30:36
So nothing else. I'll look for a motion to adjourn. So moved second. 01:30:43
Thank you. 01:30:47