[1. Call to Order]
          [00:00:06]
          AUGUST 26, 2025. REAL QUICK IF YOU HAVE NOT SIGNED UP TO SPEAK GO AHEAD AND 
          [2. Adoption of the Agenda]
FILL OUT A FORM AND GET THAT TURNED IN. AND THERE A MOTION TO ADOPT THE AGENDA. NOT TO ALL THOSE IN FAVOR PLEASE SIGNIFY BY RAISING YOUR 
          [3.a. Capital Improvement Program (CIP) Update]
RIGHT HAND ADOPTION IS APPROVED SO WORKSHOP DISCUSSION I'D LIKE FOR TODAY REALLY TO BE JUST THAT A DISCUSSION SO THAT WE CAN TALK ABOUT NOT ONLY WHAT WHAT WE'VE GOT ON THE TABLE IN FRONT OF US BUT MAYBE SOME OTHER THINGS AS WELL BECAUSE THIS WILL HELP PLAN OUT THE FUTURE AND AND AS WE START TALKING ABOUT FUNDING IT A LITTLE BIT AS WELL IT'LL HELP WITH THAT CONVERSATION. SO MARK, I'LL TURN IT O YOU. 
          ALL RIGHT. I'M GOING TO LET GET STARTED AND I'M GOING TO JUMP AHEAD PERHAPS TODAY AND DOVE INTO OUR PROGRAM. WE'RE GOING TO HIT ON A FEW THINGS. FIRST AND FOREMOST REAL QUICK WE'RE GOING TO REMIND US THAT WE ARE IN YEAR ONE OF YEAR FIVE IN THE CAPITAL PROGRAM. WE'RE GOING TO TALK A LITTLE BIT ABOUT THOSE FIVE YEAR PRIORITIES AND THEN TALK ABOUT SOME FUNDING STRATEGIES. 
          I HAVE SOME QUESTIONS FOR YOU ALONG THE WAY BUT I'M NOT GOING DOVE INTO THOSE JUST YET AND OVER THE SUMMER. THANK YOU MARK. GOOD AFTERNOON MAYOR THREE MEMBERS OF TOWN COUNCIL THIS WE ARE GOING TO FOCUS IN ON OUR CAPITAL IMPROVEMENT PROGRAM SPECIFICALLY WE'RE GOING TO FOCUS ON ALL OF THOSE PROGRAM AREAS EXCEPT FOR STORMWATER STORMWATER PROGRAM. A REASON FOR THAT IS WE HAVE A SPECIFIC WORKSHOP DEDICATED JUST TO STORMWATER NEXT MONTH SEPTEMBER 30TH I BELIEVE IS THE DAY WE WILL WE'LL DOVE INTO THAT IN GREAT DETAIL. YOU'LL SEE SOME LITTLE NUGGETS RELATED TO THE STORMWATER PROGRAM THROUGH THIS PRESENTATION BUT JUST KNOW THAT WHILE WE'RE NOT IGNORING IT WE'LL TALK ABOUT NEXT MONTH. BULK OF OUR TIME WE WANT TO TALK ABOUT FOLLOWING 27 330 2030 CAPITAL IMPROVEMENT PROJECTS YOU RECALL WE SHOWED THOSE AS PART OF THE 4.26 BUDGET THAT WAS ADOPTED BY TOWN COUNCIL BUT A LOT OF OUR OUR FOCUS RIGHTFULLY SO BECAUSE WE WERE TALKING ABOUT THEIR POINT 26 BUDGET WAS ABOUT THOSE PROJECTS THAT WOULD HAPPEN THIS YEAR. SO WE'LL SPEND THE BULK OF OUR TIME TALKING ABOUT THOSE PROJECTS AND SPECIFICALLY HAVING A CONVERSATION WITH TOWN COUNCIL ABOUT FUNDING OPTIONS TO SUPPORT THOSE PROJECTS SHOULD THEY COME FORWARD IN FUTURE YEARS. 
          WE'LL START WITH QUICK OVERVIEW OF THE CITY ACTION PLAN. MAKE SURE THAT WE WERE ALL STAYING ROOTED IN THAT PLAN, THAT TOWN COUNCIL JUST ADOPTED FOR 26 THROUGH 2028 BUT THEN A HIGH LEVEL CURRENT STATUS UPDATE OF WHERE WE ARE WITH 26 PROJECTS BEFORE WE GET INTO THE DETAILS OF THOSE OUT YEARS. SO LET'S START WITH OUR STRATEGIC ACTION PLAN. 
          AS YOU RECALL, THERE'S TEN GOALS SET OUT IN THAT ACTION PLAN AND NOT GOING TO GO THROUGH EACH GOAL INDIVIDUALLY AND EACH ACTION ITEM INDIVIDUALLY BUT KNOW THAT OUR CAPITAL IMPROVEMENT PROGRAM IS DEEPLY ROOTED IN MANY OF THOSE GOALS THOSE TEN GOALS THAT ARE IN THE STRATEGIC ACTION PLAN AND INCLUDES INVESTMENT, STORMWATER MANAGEMENT, INFRASTRUCTURE ENHANCING OUR MAJOR CORRIDORS, OUR STREET IN STREETS ENHANCING PUBLIC SAFETY READINESS AND FACILITIES REINFORCING ISLAND RESILIENCE PROTECTING ENHANCING ENVIRONMENTAL SUSTAINABILITY. AND THEN LAST BUT NOT ENHANCING COMMUNITY WELL-BEING THROUGH THE IMPLEMENTATION OF THE PARKS AND REC MASTER PLAN AND PROGRAM ENHANCEMENTS AS WE GO THROUGH ALL OF THESE PROJECTS THERE ARE A LOT OF PROJECTS THAT ARE FIVE YEARS AGO OR A FIVE YEAR PLAN. 
          YOU CAN POINT EVERY ONE OF THOSE PROJECTS BACK TO AN ITEM THAT'S IN THE STRATEGIC ACTION PLAN. SO LET'S SPEND A FEW MOMENTS TALKING ABOUT THE S.Y. 26 PROJECTS AND WHERE WE ARE. JUST A QUICK REFRESHER ABOUT THE 26 BUDGET AND THE PROPOSED USE OF FUNDS. I SHOULD RECALL CFP HAS BROKEN INTO A NUMBER OF DIFFERENT PROGRAM AREAS EACH ROADWAYS, PARKS, FACILITIES AND EQUIPMENT STORMWATER FLEET LAND ACQUISITION ADMINISTRATION ALL THAT REPRESENTS A $7 MILLION BUDGET ABOUT A $70 MILLION BUDGET FOR THIS FISCAL YEAR A BULK OF WHICH THOSE PROJECTS ARE OF COURSE IN THE THE BEACH PROGRAM FUND. 47 AND A HALF MILLION DOLLARS IS JUST GOING DIRECTLY TO THE BEACH NOURISHMENT. WHEN WE LOOK AT THE OVERALL PROGRAM GRAPHICALLY IN A PIE CHART AS YOU MIGHT EXPECT BEACH NOURISHMENT OCCUPIES A BIG PART OF THAT PIE CHART WITHIN OUR PARK PROGRAM, ROADWAY PROGRAM AND STORMWATER PROGRAM PICKING UP THE MAJOR FUNDING EXPENDITURES IN F 126 WE HAVE VARIETY OF SOURCES OF FUNDS THAT WE UTILIZE TO TO PROGRAM OR CAP THIS YEAR BECAUSE BEACH NOURISHMENT IS SUCH A BIG PART OF WHAT WE'RE DOING. 
          MORE THAN HALF OF THE FUNDING IS COMING FROM OUR BEACH PRESERVATION FEES FOLLOWED BY THAT BY AGE TAX, STORMWATER UTILITY FEES AND THEN A SPRINKLING OF A HOST OF OTHER 
          [00:05:05]
SOURCES THAT WE HAVE AVAILABLE TO US TO PAY FOR CAPITAL IMPROVEMENT PROJECTS. 
          I SHARED I THIS A LITTLE BIT OF DETAIL DURING THE 1426 BUDGET WORKSHOP. 
          WE ARE AT THAT TIME WE WERE WORKING ON AN UPDATE TO THE TO THE ERP DASHBOARD. 
          THAT DASHBOARD IS NOW LIVE. WE CAN LOOK AT ALL 78 PROJECTS THAT ARE IN THE IN THE PROGRAM FOR THIS YEAR BASED ON THE DIFFERENT TYPES OF PROJECTS THEY ARE THOSE PROGRAM AREAS I JUST TALKED ABOUT YOU'LL SEE A LISTING IF YOU SELECT THIS HAS BEACHES SELECTED SO YOU CAN SEE THE FIVE BEACH PROJECTS YOU CAN SEE WHERE THEY ARE ON A MAP. YOU CAN LEARN MORE ABOUT THEM. 
          YOU CAN START TO SEE IF THERE'S MONEY BEING SPENT IN OTHER DETAILS WE WILL SCROLL DOWN ON THIS. YOU CAN SEE OTHER DETAILS RELATED THAT ARE SPECIFIC ACTION ITEMS SO KNOW THAT THIS IS OUT THERE PLEASE CHECK IT OUT. 
          THAT'S THE WEBLINK TO OUR VIP PAGE. THERE'S A BIG BOX IN THE LEFT HAND CORNER THAT WILL YOU RIGHT TO THIS DASHBOARD SO YOU CAN YOU CAN DOVE IN AND LEARN MORE ABOUT ONE OF THESE PROJECTS. AS FAR AS THE CURRENT STATUS AND WHERE WE ARE AS I MENTIONED THERE ARE 78 PROJECTS IN NEED IN THE 2026 TO THOSE 70 PROJECTS WE CAN LOOK AT THE DIFFERENT PHASES THAT THEY'RE IN WHETHER THEY'RE IN PLANNING PHASE DESIGN WHICH ALSO INCLUDES PERMITTING OR CONSTRUCTION PHASE BECAUSE WE'RE NEW IN THE YEAR. 
          WE HAVE A NUMBER OF PROJECTS THAT ARE PROGRESSING THROUGH DESIGN AND WE BASICALLY GET INTO CONSTRUCTION. ALSO NOTE THAT THERE ARE ALL THE 78 PROJECTS IN THE IN THIS YEAR PROGRAM. IT DOESN'T MEAN SUBJECT PROJECTS ARE GOING TO BE PLANNED, DESIGNED AND BUILT. ABOUT HALF OF THOSE END UP INTO CONSTRUCTION OF SOME TYPE WHETHER IT'S COMPLETED OR STARTED THIS YEAR BUT A NUMBER OF THEM WILL MOVE FROM PLANNING THE MOVE INTO DESIGN AND THEN CONSTRUCTION HAPPEN POTENTIALLY IN OR WILL HAPPEN IN FUTURE YEARS. 2728 DEPEND ON WHICH PROJECT WE'RE TALKING ABOUT. 
          THREE PROJECTS ARE CURRENTLY UNDERWAY. WE HAVE MITCHELL HILL ROAD AND COURTNEY POCKET PARK ARE QUEUED UP THEY'VE BEEN BID WE WE ARE WORKING ON EXECUTING CONTRACTS GET THOSE MOVING HERE FORWARD VERY SOON. AND THEN WE HAVE A HOST OF OTHER PROJECTS GETTING QUEUED UP FOR CONSTRUCTION SUCH AS TAYLOR TAYLOR FAMILY PARK PATTERSON FAMILY PARK AND A NUMBER OF STORMWATER AND OTHER PROJECTS AS WE LOOK THE 26 PROGRAM AND WHAT OUR OPPORTUNITIES AND CHALLENGES ARE THAT WERE THAT WERE THAT WERE WE HAVE AS WE START TO DELIVER PROJECTS GOING OR RIGHT AWAY ACQUISITION. 
          THERE ARE A NUMBER OF PROJECTS WHERE WE NEED TO HAVE EASEMENTS OR RIGHTS OF WAY TO DO THAT AS PART OF OUR ROAD PAVING PROGRAM. THE JONES BILL PATHWAY REQUIRES A NUMBER OF EASEMENTS. THE STORMWATER DIVISION HAS A NUMBER OF PLACES WHERE THEY NEED TO HAVE EASEMENTS. TYPICALLY AS WE GO INTO A INTO AN EASEMENT OR RIGHT AWAY ACQUISITION STANDPOINT GENERALLY THE HAS GONE AND ASKED FOR DONATIONS OF RIGHT AWAY DONATIONS OF EASEMENTS. WHILE WE'VE BEEN GENERALLY SUCCESSFUL IN DOING THAT IT ALSO CAN ELONGATE PROCESSES AND WE DON'T NECESSARILY AGREE OR RESIDENTS MAY MAY WANT SOMETHING FROM THE TOWN MORE THAN JUST A DONATION. SO SOME OF THE THINGS THAT WE NEED TO THINK ABOUT AS WE MOVE FORWARD WITH SOME OF OUR PROJECTS IS REALLY THREE WAYS THAT YOU CAN YOU CAN ACQUIRE AND BEEN OR RIGHT AWAY. ONE IS HAVE A DONATED TO US. 
          THE OTHER IS FOR IT. AND THE THIRD IS A PROCESS THE TOWN IS NOT HISTORICALLY USED NOT RECOMMENDING THAT WE USE THAT BUT THE OTHER IS TO CONDEMN THE EASEMENT FOR PUBLIC PURPOSE. BUT AS WE AS WE LOOK AT OUR PROJECTS DO NEED TO HAVE SOME CONVERSATIONS ABOUT BUDGETING FOR EASEMENT AND RIGHT AWAY ACQUISITION SO THAT WE CAN COME IN WITH SOMETHING TO OFFER TO A RESIDENT RATHER THAN JUST THE IMPROVEMENT ITSELF. 
          WE'RE ALSO SEEING CONTRACT AVAILABILITY CAPACITY AS AN ISSUE. 
          WE'RE AT THE END OF THE COLD SACK BEING ON A BARRIER ISLAND. SOMETIMES THAT CAN BE A LITTLE HARDER FOR US TO TO ATTRACT LABOR TO THE ISLAND. THAT CAN ALSO IMPACT THE COMPETITION WHERE WE HAVE SEE LESS BIDDERS AND LESS IN THEIR BID PRICES. 
          AND THEN WE'RE ALSO SEEN AS GREAT A JOB AS ARE THE RCMP MANAGEMENT TEAM PROJECT MANAGEMENT TEAM DOES IN TRYING TO GET US REAL WORLD PRICING. WE ARE STARTING TO SEE WE ARE SEEING SOME PROJECTS COME BACK ABOVE WHAT OUR WHAT OUR ESTIMATES ARE BECAUSE OF SOME OF THOSE OTHER FACTORS. AND THE LAST THING JUST END ON A POSITIVE NOTE WE DO HAVE SOME OPPORTUNITIES THOUGH THAT WE IN OUR PROCUREMENT PROCESS TO GET BETTER ABOUT HOW WE ARE ASKING PEOPLE TO ENGAGE WITH US AND DO BUSINESS WITH US. WE HAD A CONVERSATION ABOUT THAT AS RECENTLY YESTERDAY ON OUR PROCUREMENT TEAM IS WORKING HARD TO TO FIND WAYS FOR US TO BE BETTER BUSINESS PARTNERS WITH THE CONTRACTOR COMMUNITY AS WE MOVE FORWARD WITH PROJECTS. THIS IS A NEW MAP THAT YOU HAVE NOT SEEN BEFORE AS PART OF YOUR FY 26 BUDGET PRESENTATION. THIS TAKES NOT ALL 78 PROJECTS AND ALL SEVEN OF YOUR PROJECTS CAN BE MAP FOR EXAMPLE I DON'T KNOW HOW TO MAP WHERE WE'RE GOING TO BUY A TRUCK BUT ANYTHING THAT'S A CONSTRUCTION PROJECT IS MAPPED ON HERE FROM AN EMPLOYEE 26 STANDPOINT AND IT FOLLOWS THE SAME PHASES I REFERENCED PREVIOUSLY PLANNING DESIGN CONSTRUCTION WITH DIFFERENT COLORED DOTS AS WE WORK A WAY AROUND THIS AND YOU CAN SEE OUR PROJECTS ARE SPREAD 
          [00:10:04]
AROUND THE ENTIRETY OF THE ISLAND WHETHER THAT BE FOR ANY OF THE PROJECT AREAS PATHWAYS, BEACHES, PARKS STORMWATER PATHWAYS SOME JUST SOME QUICK HIGHLIGHTS JUST TO PROJECTS THAT WE'RE WORKING ON. OF COURSE THE BEACH RENOURISHMENT COULD BE CIRCLE POCKET PARK A LOT OF WORK RIGHT NOW GOING ON IN CROSSINGS PARK WITH DESIGN FOR THE PICKLEBALL GET THAT UNDER CONSTRUCTION PERHAPS LATER UP ON 26 BUT MOST LIKELY EARLY EARLY FIRST PART OF THAT POINT 27 BRISTOL SPORTS ARENA WILL BE RIGHT BEHIND THERE. 
          WE HAVE A NUMBER OF DIRT ROAD PAVING PROGRAMS. OUR ROADS IDENTIFIED ALONG WITH JANESVILLE HORSEPOWER INSURANCE ROAD PATHWAY AND JUST SOME OTHER PROJECTS WITH PATHWAYS AND ROADWAY STORMWATER IMPROVEMENTS AS WE WORK OUR WAY AROUND THE ISLAND. 
          WE TALKED A LOT ABOUT THIS A COUPLE AGO. I DON'T WANT TO SPEND TOO MUCH TIME ON CERTAINLY WE CAN ANSWER QUESTIONS YOU HAVE ON SPECIFIC PROJECTS BUT THIS IS JUST A GOOD REFRESHER WHERE WE ARE. PROJECTS ARE UNDERWAY AND WE ARE WE ARE ADVANCING THEM AS QUICKLY AS POSSIBLE SO WE WANT TO SPEND AS I MENTIONED BEFORE IT'S SPEND BULK OF OUR TIME IS ON THOSE 27 THROUGH 30 PROJECTS SO THOSE THOSE NEXT FOUR YEARS IS ACTUALLY ALREADY STARTING TO GET PREPARED FOR THE YEAR FOUR AND 27 BUDGET AND THINKING THROUGH THAT WHEN WE WHEN WE LOOK AT THOSE OUTYEARS AND WE'LL LOOK AT THOSE BUDGET SHEETS HERE IN A HERE IN JUST A SLIDE OR TWO BUT THERE ARE MAJOR INVESTMENTS THAT ARE SPREAD ACROSS TO ALL PROGRAM AREAS THAT ARE REFERENCED FROM BEACHES ALL THE WAY DOWN THROUGH LAND ACQUISITION FOR THESE OUT YEARS OUR PROJECT SCOPE COST. WE DON'T FULLY REALIZE THOSE YET. WE OWE THAT TO COUNCIL TO PROVIDE THOSE. 
          IF YOU RECALL THIS WAS REALLY A GENERATION VERSION ONE OF FIVE YEARS THE IP THAT WE PROVIDED THIS BUDGET CYCLE AND IN THIS BUDGET CYCLE WE'RE GOING TO WE'RE GOING TO DETAIL THOSE SCOPES AND PROVIDE SOME PRICING TO THE EXTENT THAT WE CAN FOR THOSE OUT YOUR PROJECT SO EVERYBODY HAS A GOOD HANDLE ON WHAT WE'RE TALKING ABOUT BUT WE DO HAVE A GREAT SCAMP TEAM AND PROJECT MANAGEMENT TEAM AT ANY GIVEN TIME THERE'S THERE'S A PROJECT MANAGER SOMETIMES WE PULL IN OTHER FOLKS TO HELP MANAGE PROJECTS WHEN NEEDED AND . 
          ALSO A GOOD TAKEAWAY IS THAT WE ARE IN GREAT FINANCIAL POSITION TO TO EXECUTE LOT OF THESE PROJECTS AS TOWN COUNCIL CONSIDERS AND I POSITED TYPE ON AND AND SHOULD SAY TOWN COUNCIL CONSERVATIVE PROJECT DELIVERY INCLUDE WE NEED TO THINK ABOUT PRIORITIZATION WE NEED TO THINK SCOPE WE NEED TO THINK ABOUT SCHEDULE PHASING AND CASH VERSUS DEBT. 
          THAT'S GOING TO BE THE SECOND PART OF OUR CONVERSATION THESE CASH VERSUS DEBT. 
          WHEN WE LOOK AT OUR RCR YOUR CAIB THOSE CHALLENGES AND OPPORTUNITIES THAT I MENTIONED FOR FY 26 WE EXPECT THOSE TO CONTINUE AS WE MOVE FORWARD. I'LL GIVE AN EXAMPLE OF SOMETHING THAT WE JUST HEARD FROM A CONTRACTOR VERY AS A RESULT OF NCDOT EXECUTING $825 MILLION PROJECT TO WIDEN I-95. CONTRACTS ARE ALREADY KNOCKING OUR DOOR AND SAYING WHEN THAT PROJECT GOES LIVE AND THEY START POURING ASPHALT AND CONCRETE THAT WILL PUT A STRAIN ON THE ABILITY FOR US TO GET ASPHALT AND CONCRETE AS WELL RAISE OUR PRICES. 
          SO THOSE ARE SOME THINGS THAT WE HAVE TO PAY ATTENTION TO TO BE AWARE AND IN THE REGION THAT WE'RE IN AND KNOWING WHAT THEY WILL IMPACT PROJECTS. SO HOPEFULLY THESE BUDGET SHEETS LOOK FAMILIAR. THESE WERE IN YOUR FY 26 BUDGET. 
          AT THAT TIME WHAT WE REALLY FOCUSED ON WAS THIS IS GREEN THIS GREEN COLUMN WHICH IS THE AMOUNT THAT WAS ALLOCATED FOR F1 26 BUT WHAT THIS DOES IS IS BROKEN OUT BY EYE PROGRAM. 
          SO THIS IS THE BEACH PROGRAM THE PROJECT WHETHER OR NOT IT'S A MAINTENANCE PROJECT OR A DISCRETIONARY PROJECT IN THE CASE OF F1 26 HOW MUCH MONEY DID WE ALLOCATE TOWARDS IT IN THOSE OUTYEARS AND IS IT A PRIORITY CAN IGNORE A PLANNING COMMISSION RIGHT NOW? BUT JUST AS A GOOD REFRESHER WHERE WE EXPECT THE CURRENT STATUS OF THOSE PROJECTS TO END UP THAT I SHARED EARLIER WITH WE CAN SEE THIS IS WHERE WE EXPECT TO BE AT THE END OF F1 26 WITH THESE PROJECTS WILL BE WILL THEY BE IN DESIGN OR WILL THEY BE IN PERMITTING OR WILL THEY BE IN DESIGN PERMITTING OR CONSTRUCTION ON EACH OF THESE PROJECTS? WHEN YOU SEE PRIORITIES CONTINUE ACROSS MULTIPLE YEARS IN A NUMBER OF MOST CASES THAT'S GOING TO BE THINGS THAT WE JUST DO YEAR. MAINTENANCE OF OUR BEACH PARKS. 
          MAINTENANCE OF OUR PARKS OVER ROADWAYS OF OUR PATHWAYS ETC. THERE'S GOING TO BE SOME OTHER PROJECTS THOUGH AS WE GET SPECIFIC PROJECTS WE GET DOWN WHERE THERE'S JUST GOING TO BE SOME THEY'RE GOING TO TAKE MULTIPLE YEARS. WE TALKED THIS DURING THE BUDGET WORKSHOP WHEN WE SAY GO ON PROJECT AND WE HAVE THE MASTER PLAN THAT WE HAVE DESIGN AND WE HAVE THE PERMANENT IT CAN TAKE A COUPLE THREE YEARS FOR US TO GET TO CONSTRUCTION ALL OF THOSE STEPS IN PLACE. SO THAT'S WHY YOU SEE A LOT OF THESE WITH A MULTI-YEAR. 
          WHEN WE THINK ABOUT BEACH WE THINK ABOUT THE BEACH PROGRAM ITSELF TWO SPECIFIC PROJECTS JUST TO CALL YOUR ATTENTION TO ALL THREE REALLY ISLANDERS BEACH PARK IF YOU RECALL THERE'S ANOTHER PHASE OF THAT PROJECT THAT WITH THE BEACH ENHANCEMENT PROJECT WE HAD 
          [00:15:04]
PAUSE ON THAT TO GET ACROSS THE FINISH LINE THE BEACH RENOURISHMENT PROJECT WE HAVE SOME ADDITIONAL COMMITMENTS WE NEED TO GO BACK AND FINISH UP OUT AT FOLEY FIELD WHERE WE INVESTED IN BOARDWALKS WE INVESTED IN THAT IN THE RESCUE FACILITY BUT WE STILL NEED TO INVEST IN PARKING LOT LANDSCAPING AND BETTER SIGNAGE OUT THERE AND THEN CLEANING BEACH BOARDWALK MAINTENANCE THAT BOARDWALK IS IS NEARING END OF ITS LIFE AND SO WE NEED TO GO THROUGH AND MAKE SOME IMPROVEMENTS THAT. BOARDWALK AND THAT IS A LONG TERM PROJECT. WE WILL WORK ON IT OVER A NUMBER OF YEARS. 
          WE MAY GET IT DONE SOONER THAN BY 2030 BUT WE'RE PLANNING ON THAT FOR A NUMBER OF YEARS IN JUST THE CONSTRUCTION TIME. SO WHEN WE TALK ABOUT 126 YOU'LL SEE FOR THOSE PROJECTS WHERE THERE IS MONEY ALLOCATED AGAIN THIS IS NOT THE CURRENT SAYS WHERE WE EXPECT TO BE AT THE END OF 26 WHEN WE MOVE INTO 27 WHICH PROJECTS WILL BE UNDER THIS YEAR WHICH PROJECTS WILL BE IN PERMITTING AND WHICH PROJECTS WILL BE IN DESIGN? THERE'S ABOUT IF I IF I ENDED CORRECTLY BEFORE WE WALKED IN IT WAS ABOUT 4040 OR 343 PROJECTS WILL BE UNDER CONSTRUCTION OR DONE WITH CONSTRUCTION THIS THIS FISCAL YEAR AND NEXT IS OUR PATHWAY PROGRAM AND JUST SOME THINGS THAT WE HAVE TO DO. WE HAVE TO DO THE THINGS THAT WE NEED EVERY YEAR. THEN WE HAVE A HOST OF NEW PATHWAYS SEGMENTS THAT HAVE BEEN IDENTIFIED THROUGHOUT THROUGH A VARIETY OF SOURCES THAT WE'VE BEEN WE'VE BEEN CARRYING AS PRIORITIES SOUTH FOREST BEACH HAWK SIGNAL AT MARRIOTT GRAND ALONG LAGOON ROAD PROVIDING A PATHWAY THAT CONNECTS AVOCET OVER NORTH FOREST BEACH SOMETHING WE'VE HEARD ABOUT QUITE A BIT FROM THE FROM THE RESIDENTS IN THAT COMMUNITY AND BUILDING OFF OF OUR WILLIAM HILTON PARKWAY SEGMENT THREE AND THE IMPROVEMENTS THAT WERE RECENTLY COMPLETED THERE AS WELL AS SOME IMPROVEMENTS WE HAVE PLANNED OUT OF TAVISTOCK WHICH IS AT OTHER END OF PALMETTO PARKWAY EXTENDING THE PATHWAY FROM MATHEWS DRIVE OVER TO WILLIAM OVER TO WILLIAM HILTON AS WELL AS PEDESTRIAN BRIDGE. THIS IS THE WOODBRIDGE THAT GOES ALONG OUR SPANISH WELLS IS JUST IT NEED SOME REPLACEMENT ON PROJECTS LIKE THIS YOU'LL SEE US CALL THESE OUT RATHER THAN JUST BE A PATHWAY MAINTENANCE AND IMPROVEMENT ITEM BECAUSE OF THE THEY ARE THERE ARE A SIGNIFICANT PROJECT OF THEMSELVES AND THAT IS WORTHY OF US TO CALL THOSE OUT BECAUSE THEY'RE GOING TO REQUIRE A LITTLE BIT HIGHER FUNDING ALLOCATION, A LITTLE BIT HIGHER COMMITMENT FROM TOWN STAFF TO EXECUTE THOSE PROJECTS OFFICIAL ROAD INCLUDES EXTENDING THE PATHWAY THAT IS CURRENTLY PATROL CONTINUING TO TO BAGEL AND AL'S PERRY DRIVE IS PHASE ONE IT'S A MULTI-YEAR PROJECT BEGINNING IN 2028 AND THEN SOME OTHER PROJECTS SHOWING WELL THE PARKWAY EASTBOUND ROLLING THROUGH THAT SEGMENT FIVE AND THIS MAY SINCE WE'RE ADVANCING SEGMENT FIVE THIS YEAR AND THIS MAY BE ONE THAT ULTIMATELY GETS COMBINED INTO SEGMENT FIVE AND AS I'M SURE IT WAS A STANDALONE PROJECT BUT WE HAVEN'T IDENTIFIED HERE JUST TO MAKE SURE WE'RE CAPTURING IT AS A PRIORITY. THINKING ABOUT CROSS ISLAND PARKWAY AND HOW WE CAN EXPAND AS WELL AS ON THE COASTAL DISCOVERY MUSEUM. RIGHT NOW THE COASTAL COATING ROOM SEEMS KIND OF ON AN ISLAND OF ITSELF WHERE. THERE'S NOT PEDESTRIAN CONNECTIVITY TO THAT TO THAT AREA FROM FROM THE SPANISH WELLS NEIGHBORHOOD. 
          AND THEN SOMETHING WE TALKED ABOUT WITH THE MUDDY CREEK NEIGHBORHOOD STABILIZATION PLAN, THE BRYANT ROAD PROJECT IS HOW DO WE HOW DO WE CONNECT THAT NEIGHBORHOOD TO THE EXISTING TRAIL SYSTEM THAT SITS JUST A COUPLE HUNDRED FEET AWAY ALONG THE CROSS ISLAND PARKWAY OUR ROADWAY PROGRAM AGAIN CARRIES A NUMBER OF THINGS THAT ARE MAINTENANCE RELATED ROADWAY MAINTENANCE TOWN RESURFACING. SO THINK OF ROADWAY MAINTENANCE VERSUS RESURFACING RESURFACING IS THAT IT'S RESURFACING THE ROADWAY WHEREAS MAINTENANCE IS SPOT REPAIRS COULD BE COULD BE STRIPING COULD BE SOME OTHER IMPROVEMENTS THERE ARE OTHER SIGNAGE FOLLOWED BY SIGNAL SYSTEM MAINTENANCE ARE ADAPTIVE SIGNALING MAKING THAT THAT'S OPERATING AS BEST AS IT CAN EACH YEAR AND THE LANDSCAPE LIGHTING IMPROVEMENTS. RIGHT NOW WE'RE WORKING ON FIVE DIRT ROAD PAVING PROJECTS. MITCHELL ROAD IS READY TO GO TO CONSTRUCTION AND THEN AT VARIOUS STAGES WITH THE EASEMENT ACQUISITION RIGHT ACQUISITION WITH WITHOUT PERRY FREDDY'S WAY ALONG PERRY DRIVE FREDDY'S ALFORD LANE AND BENJAMIN DRIVE YOU CAN SEE AS THOSE START TO TO MOVE FROM FROM THIS PHASE OF THE CONSTRUCTION THEN WE HAVE A WHOLE HOST OF OTHER ONES THAT WE LIKE TO PICK UP AND THEN THAT NEXT PHASE OF DIRT ROAD PAVING PROJECTS THAT WE HAVE IDENTIFIED WITH THOSE LISTED HERE ON THE SCREEN. 
          AGAIN, THESE ARE THESE THESE DIRT ROAD PAVING PROJECTS DO TAKE A CONSIDERABLE AMOUNT OF TIME. PRIMARILY RELATED TO THE RIGHT OF WAY ACQUISITION WORKING WITH THE NEIGHBORHOOD, WORKING WITH THEM TO UNDERSTAND HOW BY THEM ON THE PROJECT AND THEN 
          [00:20:05]
FOLLOWING THROUGH AND MAKING SURE THAT THOSE GOES RIGHT AWAY AS ARE IN PLACE WE AS WE START TO FINALIZE PLANS AND BEGIN CONSTRUCTION A COUPLE OF OTHER PROJECTS THAT WILL CONTINUE BEYOND 2026 THE ISLAND WIDE INTERSECTION PEDESTRIAN VEHICULAR SAFETY IMPROVEMENTS WE ALREADY STARTED LOOKING AT SQUARE POPE GUMTREE I THINK THE OTHER ONE WAS MATHEWS DRIVE JOSEPH I OTHER IS BEACH CITY CONTINUING THAT LOOK AROUND THE ISLAND MAKING PEDESTRIAN SAFETY OR VEHICULAR IMPROVEMENTS AROUND THE ISLAND YEAR AFTER YEAR JUNGLE ROAD AND THE SPANISH WELLS RIGHT TURN IMPROVEMENTS WHICH REALLY WE HAVE THAT WE HAVE THAT COMBINED NOW WITH THE JONESBORO PATHWAY WHICH WILL SEE ON A LATER I'M WE'RE IN THE PATHWAY WE SEE THAT ON THE PATHWAYS LINES AS WELL NORTH PLAIN IMPROVEMENTS WITH NORTH POINT COMING ON LINE AT THE END OF THAT POINT 26 THAT'S A PROJECT WE'LL SEE COME COME ACTIVE IN THAT 27. 
          I MENTIONED THE PATH THE PALMETTO PARKWAY PATHWAY PART OF THAT IS ALSO TO RELOCATE THE ENTRANCE FOR TABBY WALK OFF OF MATTHEW'S DRIVE OVER ONTO PALMETTO PARKWAY CREATE A MUCH SAFER ACCESS FOR THEM FOR USERS OF MATTHEW'S DRIVE AS WELL AS THE PEDESTRIANS THAT COME IN AND OUT OF THAT COMMUNITY AND THEN A PROJECT THAT THAT SEAN COLLINS COUNCILWOMAN BEHIND HERE SOON IS THE WORKING THROUGH THE WILLIAM HILTON PARKWAY GATEWAY CORRIDOR AND STONEY CORRIDOR STUDY MASTER PLAN LOOKING AT THESE OUT YEARS THERE ARE A NUMBER OF LARGE PROJECTS COMING OUT OF THE THOROUGHFARES AND CORRIDORS PLAN SO WE'LL SEE THOSE BROKEN DOWN IN 2 TO 2 SEGMENTS. ONE IS THE STREETSCAPE ENHANCEMENTS FROM MAIN STREET NEW ORLEANS ROAD OTHERS THAT ARE LISTED HERE ON THE SCREEN WE HAVE THOSE JUST SCHEDULED OUT NOW PENDING ADOPTION OF THE MAJOR THOROUGHFARES AND CORRIDORS PLAN LOOKING AT THE OUT YEARS TO PICK THOSE UP BUT THAT'LL BE SOMETHING THAT WE'LL NEED TO PRIORITIZE BETTER AS WE ADVANCE THE MAJOR THOROUGHFARES AND CORRIDORS PLAN. SAME THING WITH WILLIAM HILTON PARKWAY AND STREETSCAPE ENHANCEMENTS. SO THOSE EIGHT SEGMENTS THAT ARE IN THOSE MAJOR THOROUGHFARES PLANS LOOKING AT EACH ONE OF THOSE. 
          WE DO HAVE SOME PLANNED CURRENTLY IN THIS FISCAL YEAR TO ADVANCE SEGMENT FIVE SO THAT SEGMENT FROM MATHEWS FOLLOWING DRIVE PROBABLY ROAD OVER THE SHELTER COVE AREA THAT DOESN'T HAVE A MEDIAN RIGHT NOW STARTING TO THINK THROUGH OF SURVEY WORK AND STARTING COMMUNITY CONVERSATION IS TO TO TO THINK ABOUT WHAT WE CAN ACCOMPLISH IN AN IN BETTER ACCESS BEAUTIFICATION MEDIUM AND PATHWAY CONNECTIONS AND THAT IN THAT CORRIDOR AND THEN SEGMENT WE ALSO HAVE SOME MONEY ALLOCATED WHERE WE'RE WORKING RIGHT NOW WITH THE C PAYNE CSA OR WORK WITH US NCDOT TO US ANALYZE THE WORK THAT WE'VE ALREADY DONE AT PINE CIRCLE AND D.O.T. IS ANALYZING TO HELP MAKE SURE WE'VE IDENTIFIED THE THESE SOLUTIONS THAT ARE AVAILABLE AND GIVE US THEIR THOUGHTS AND RECOMMENDATIONS ON IT AS IT IS AS IT IS THEIR CIRCLE NEWS IS THEIR INTERSECTION. THEY'RE DOING THAT RIGHT NOW. 
          WE EXPECT HAVE SOME FEEDBACK HERE IN THE NEXT SEVERAL WEEKS FROM D.O.T. AND THERE'S JUST KIND OF CLOSING OUT CATEGORY. THERE'S A NUMBER OF IMPROVEMENTS THAT RELATE TO WILBER ROOM FARLEY FEEL PEDESTRIAN IMPROVEMENTS ARE SOMETHING WE'RE WORKING ON THIS YEAR BUT WE'RE PROBABLY THE NEXT YEAR TO GET THE IMPROVEMENTS ACTUALLY BUILT. 
          AND SO THAT'S THAT'S THE BALANCE OF OUR ROADWAY PROGRAM . 
          AGAIN, PARKS HAVE MAINTENANCE AND IMPROVEMENTS. WE HAVE A PUBLIC PROGRAM WE CONTINUE ON EACH YEAR ISLAND REC YOU'LL SEE THIS ALSO THE THE COASTAL DISCOVERY MUSEUM ISLAND REC AND THE COASTAL DISCOVERY MUSEUM ALSO PROVIDE US A FIVE YEAR VIP TO HELP US UNDERSTAND WHAT THEY HAVE ALLOCATED OR THEY'RE THINKING ABOUT IN THE NEXT SEVERAL YEARS. ALTHOUGH THERE'S NOT NUMBERS UP HERE ON THE SCREEN WHEN WE LOOK IN THE OUT YEARS OF ISLAND REC THEY HAVE SOME SIGNIFICANT IMPROVEMENTS THAT THEY NEED TO START THINKING ABOUT WITH AC THAT'LL THAT'LL BE SOMETHING WILL BE REQUEST HIGHER THAN THE TYPICAL 500 OR SO THOUSAND DOLLARS THAT'S BEEN REQUESTED EACH FOR A NUMBER OF YEARS NOW. 
          SO WE EXPECT TO SEE A HIGHER REQUEST COMING FROM THEM STARTING IN 27 BUT REALLY IN 2829 AS THOSE OF THOSE MAJOR IMPROVEMENTS STARTED TO COME TO AS THE TOWN OWNS THE ISLAND REC BUILDING AND THE ISLAND REC OPERATES THE BUILDING WHAT THEY THINKING THEY'RE ABOUT PARK PROJECTS. WE'VE BEEN DOING A LOT OF WORK ON CHAMPLIN WITH EXPANSION OF PARKING, RENOVATION OF PARKING, THINKING ABOUT SOCCER, COMPLEX FACILITY UPGRADES A LOT OF THE WORK THAT WE'VE WE'VE HIT PAUSE THAT TO KEEP THE CROSSINGS MOVING AHEAD 
          [00:25:03]
AND REALLY JUST BETTER THOSE PROJECTS BUT WE HAVE A LOT OF WORK TO PICK UP IN BEGINNING ENOUGH 27 WHERE WE LEFT OFF WITH JOB ON ADVANCING THOSE FROM FROM DESIGN AND CONSTRUCTION IN 28 AND 29 SEA CROSSINGS PARK I MENTIONED BRIEFLY WE'RE WORKING THAT ALREADY A MAJOR PROJECT COMING THAT WE'RE IN DESIGN RIGHT NOW THAT'LL DEPEND ON PERMITTING LIKELY HIT CONSTRUCTION AND THAT'S WHY 27 WILL BE THE MIDDLE AND TRACK PHASE ONE SO THAT PHASE ONE IS TAKING THAT EASTERN SIDE OF THE OF THE TRACT OPENING UP THAT THAT STREAM CREATING A WETLAND, A STORM WATER SYSTEM PROVIDING BETTER CONNECTIVITY THROUGH THE SITE WITH PATHWAYS WITH RESTROOMS, PROVIDING PARKING TO THE SIDE AND REALLY STARTING TO ACTIVATE THAT AS PHASE ONE AS A PUBLIC PARK AND ALSO SETTING UP FOR FUTURE IMPROVEMENTS WITH SAINT JAMES BAPTIST CHURCH AND OTHER THINGS IDENTIFIED IN OUR MASTER PLAN SOME OTHER PRIORITIES THAT ARE IN THE OUT YEARS TRAVEL YOUR PARK INCLUDING THE TREE HOUSE THAT CONNECTION FROM SHELTER COVE OVER TO CHAMPLIN PARK ITSELF OLD SCHOOLHOUSE PARK A LOT OF IMPROVEMENTS THAT WE'RE CARRYING ON RIGHT NOW AND THEN LOOKING IN THE IN THE OUT YEARS LOOKING AT BARKER WHICH OVERALL PROPERTY THAT PROPERTY WE JUST ACQUIRED AND THINGS THAT WE COULD DO THERE THE FACILITIES PROGRAM IS IS REALLY A LOT OF OF OF ITEMS RELATED TO THE ASSETS THAT WE OWN. THERE'S THERE'S A COUPLE OF ITEMS THAT ARE WORTH CALLING OUT AND ARE IMPORTANT TO CALL OUT IN HERE BECAUSE THEY ARE THEY WILL HAVE IMPACTS ON ON HOW WE MOVE FORWARD WITH A COUPLE OF KEY INITIATIVES TO TOWN HALL AND FIRE RESCUE HEADQUARTERS. THE THIRD ITEM WE HAVE HERE IS TOWN HALL FACILITY IMPROVEMENTS AND YOU'LL SEE THAT THAT'S AN ONGOING IT'S AN ONGOING ITEM AS YOU'VE BEEN THROUGH OUR BUILDING RECENTLY YOU PROBABLY HAVE COME IN AT SOME POINT AND IT HAD A STRANGE SMELL IN OUR IN OUR ROOM DIFFERENT ROOMS DIFFERENT OF TOWN HALL. YOU'VE SEEN WATER DAMAGE. 
          YOU'VE SEEN CARPET DAMAGE. YOU CAN SEE IT OUTSIDE THESE DOORS RIGHT HERE OVER THE LAST I'VE BEEN HERE A LITTLE OVER A YEAR AND OVER THE LAST YEAR THAT I'VE BEEN HERE MAYBE IT'S ME WE'VE HAD SIX OR SEVEN LEAKS OF OUR SPRINKLER SYSTEM THAT HAVE UNFORTUNATE WHEN THOSE HAPPEN IT HAS RUSTY PRESSURIZED WATER THAT ALSO HAS ANTIFREEZE IN IT BECAUSE IT SITS IN OUR IN OUR ATTIC SPACES AND WE HAVE TO KEEP FROM FREEZING BUT WHEN WE HAVE THOSE LEAKS IT CAUSES A TREMENDOUS AMOUNT OF DAMAGE AND ALSO CAUSES AN UNFORTUNATE ODOR IN THROUGH OUR TOWN HALL WHERE WE TO NOW MOVE STAFF OUT OF OUT OF THEIR OFFICES AND GO TO WORK REMOTE IT DOES CREATE AN UNFORTUNATE IT CREATES A CHALLENGING WORK SITUATION FOR US OR A CHALLENGING WORK SITUATION FOR OUR VISITORS FOR OUR GUESTS WHEN WE HAVE MEETINGS LIKE HERE IN TOWN HALL WE ARE WORKING TO GET ESTIMATES ON THAT THE SYSTEM IS 40 YEARS OLD IT NEEDS TO BE REPLACED. 
          THOSE ADJUSTMENTS ARE COMING IN PUSHING $1,000,000. WE ALSO HAVE A WHOLE HOST OF OTHER IMPROVEMENTS I SHOULDN'T EVEN SAY IMPROVEMENTS THE REPAIRS TO THIS BUILDING THEY'RE NOT JUST FIXING WHAT'S BROKEN HERE. WE HAVE STRUCTURAL ISSUES WITH FLOORS BUILDING BUILDING WHICH IS OVER HERE TO MY LEFT BUILDING C IS OVER HERE TO MY RIGHT WE HAVE CARPET REPLACEMENT, WE HAVE ROOFS AND THESE PIECES THAT NEED TO BE REPLACED WHERE WE ARE STARTING TO NOW ITEMIZE JUST THINGS THAT WE NEED TO FIX THIS BUILDING WE'RE STARTING TO APPROACH $2 MILLION AND THAT'S IN ADDITION TO THE 2 TO 1000000 OR SO DOLLARS THAT WE'VE INVESTED IN THE BUILDING JUST AGAIN ON REPAIRS IN THE LAST FIVE YEARS. 
          SO WE REALLY NEED TO HAVE A CONVERSATION AS WE MOVE FORWARD WITH THIS BUILDING ABOUT WHAT DO WE DO WITH THIS BUILDING. WE CONTINUE TO INVEST IN IT THAT WAY OR DO WE START TO THINK ABOUT TAKING WHAT WAS REALLY A MODULAR BUILDING IS GETTING TOWARDS THE END OF ITS USEFUL LIFE. DO WE TALK ABOUT PERHAPS TEARING DOWN SECTIONS OF THIS BUILDING AND BUILDING BACK WITH SOMETHING THAT'S NEW, THAT'S MODERN, THAT'S PERMANENT AND ADDRESSES ALL THESE ISSUES THAT WE'RE WORKING WITH. SO THAT'S THAT'S AN IMPORTANT PROJECT FOR FOR US. WHY AS WE AS WE LOOK AT THESE THESE FUTURE YEARS OF OUR OF RCMP, HOW YOU ALSO SEE WE'LL HAVE THE FIRE MEDIC OR FIRE RESCUE WILL HAVE A SIGNIFICANT TASK NEXT YEAR TO REPLACE THE THE AIR BREATHING APPARATUS EQUIPMENT THAT ALL THE FIRE USE THAT IS A SIGNIFICANT QUESTION ONLY AROUND A MILLION AND A HALF DOLLARS IF I HAVE THAT RIGHT, CHIEF, YOU'LL START TO SEE THAT TO BE ASKED NEXT YEAR YOU'LL SEE COASTAL DISCOVERY MUSEUM AGAIN. THIS IS A PROPERTY THAT WE OWN. THESE ARE ASSETS THAT WE OWN THAT BY A THIRD PARTY YOU'LL SEE SOME OF THE IMPROVEMENTS THAT THEY HAVE PLANNED OUT THERE AS AS REX AND HIS TEAM ARE WORKING TO MAKE IMPROVEMENTS THEY ARE WORKING 
          [00:30:01]
ON UPDATING THE MASTER PLAN FOR THAT PROPERTY AND AND TRYING TO TAKE THAT SOME OF THE IMPROVEMENTS OUT THERE. AND SO THE NEXT LEVEL ANOTHER EVEN MORE OF AN ASSET THAT ALREADY IS. BUT THE OTHER PROJECT I WANT TO HIGHLIGHT IS THE FIRE RESCUE HEADQUARTERS RIGHT NOW OF COURSE EVERYBODY KNOWS THAT FIRE RESCUE HEADQUARTERS IN OVER BY THE AIRPORT OF OUR FACILITIES DEPARTMENT IT IS A A BASICALLY A METAL BUILDING THAT HAS BEEN THERE FOR FOR MANY YEARS AND IT IS ALSO TIRED. WHEN I FIRST GOT HERE WE FORCED RENEWAL ON TROPICAL STORM DEBBY AND I'M OPPORTUNITY TO WALK THROUGH THAT BUILDING AS WE WERE RECEIVING RAIN AND THERE WAS WATER COMING THROUGH THE ROOFS AND COMING THROUGH THE FLOORS FROM AREAS 4 F1 STORMWAT. I'M GOING TO SKIP THIS. WE'LL TALK ABOUT THIS NEXT MONTH WITH JOHN AND HIS TEAM. A LOT OF PROJECTS ARE ON THIS LIST THAT WE CAN WE CAN TAKE A CLOSER LOOK AT SOME PRETTY SIGNIFICANT PROJECTS ON THIS LIST TOO AS WE THINK ABOUT OUR STORMWATER SYSTEM ON THE ISLAND ON THE LAST COUPLE OF SLIDES THAT I HAVE ARE RELATED TO THE FLEET PROGRAM. NOT REALLY ANY MAJOR ISSUES. MAJOR ITEMS OF NOTE HERE OTHER THAN THE METRIC UNITS OUT IN 2029 I BELIEVE THERE'S 10 MILLION UNITS THAT WILL NEED TO BE RETESTED. THERE WILL BE A SIGNIFICANT REQUEST TO TO REACH ASKING THOSE THOSE 10 MILLION UNITS. AND THE LAST ONE WE HAVE IS THE LAND ACQUISITION PROGRAM WHICH IS REALLY JUST THE ADMINISTRATION SIDE. WE OF COURSE WORK WITH TOWN COUNCIL AND TOWN COUNCIL AUTHORIZES INDIVIDUAL ACQUISITIONS AND THEN WE AMEND THE BUDGET. THIS IS JUST THOSE OFF COSTS THAT ARE ASSOCIATED WITH APPRAISALS, LEGAL WORK ETC. FOR THIS PROGRAM. SO THAT'S WHAT COMPRISES OUR F1 26 PROGRAM. ALSO WHAT COMPRISES THOSE 27 THROUGH 30 AT LEAST HOW WE'VE REVIEWED IT TO THIS POINT OF THE GIVES YOU A A CLEAR UNDERSTANDING OF WHERE WE'RE HEADED WITH THIS PROGRAM. IT'LL CONTINUE TO BE REFINED EACH YEAR ESPECIALLY THOSE OUT YEARS AS WE ADD PROJECTS AS PROJECTS FALL OFF. AND FROM THERE I'M GOING TO HAND OVER TO TO THE FINANCE TEAM. YEAH. 
          AND ME REAL QUICK BECAUSE ONE THING I WANT TO JUST SLOW DOWN AND PAUSE AND WANT TO ASK IF YOU HAVE ANY QUESTIONS SO FAR BECAUSE I WANT TO REALLY WRAP OUR MINDS AROUND TODAY WHAT WILL YOU NEED FROM US? WHAT WE NEED FROM YOU? I THINK THAT'S THE BIGGEST QUESTION IN THE ROOM TODAY WHY ARE WE HAVING THIS WORKSHOP? WHAT WE ALL NEED FROM US? I WILL SAY ONE OF THE TAKEAWAYS IS THAT I THAT I ASK IS THAT JUST THE KNOWLEDGE THAT THE PROGRAM IS ADVANCING? I DON'T WANT TO SAY FINALLY BUT I BELIEVE IT IS ADVANCING BETTER THAN IT'S EVER ADVANCED IN MY FOUR AND A HALF YEARS HERE. 
          AND I'D SAY MAINLY BECAUSE WE'RE CLEAR ON WHAT OUR PRIORITIES ARE. 
          WE'VE LEARNED A LITTLE BIT ABOUT HOW TO DESIGN IN BID PRICE CONSTRUCT ON HILTON HEAD ISLAND AND RICHARD LOUDEN IS IN THE ROOM. HE'S HEADING UP TO THE CIP PROGRAM AND HE WORKS VERY CLOSELY. WHERE IS HE, JEFF METZINGER? WHERE IS HE? OH, THERE YOU ARE. YOU'RE BLENDING IN OVER THERE. 
          THE TOWN COUNCIL HAS ALSO APPROVED MANY MASTER PLANS. PICK ONE. 
          RIGHT. WE KNOW WHAT WE SHOULD DO AT OLD SCHOOLHOUSE AS MUCH AS WE KNOW WHAT WE SHOULD DO AT CROSSINGS AT CHAPLAIN WHEREVER . 
          SO YOU HAVE PATTERNS AND TAILOR THOSE ARE THOSE ARE FULLY CASH FUNDED AND READY TO GO BY THE END OF THE YEAR. SO WE REALLY ARE CLEAR FROM YOU WHAT YOU'RE WHAT YOUR DESIGN ESTHETIC IS, WHAT YOUR CLARITY ON THOSE ONE YEAR PRIORITIES ARE. 
          BUT AS WE START GETTING INTO WHAT WHAT WE LOOK AT IS A YEAR OR TWO, THREE, FOUR OR FIVE AND BEYOND IN A SIP PROGRAM. THE GOOD NEWS HERE IS WE'RE STARTING TO WONDER DO YOU WHAT WHAT ELSE DO YOU WANT? SO I HAVE A FEW QUESTIONS THAT I WANT YOU TO BE THINKING ABOUT AS JOHN TROYER. MR. TROYER, WELCOME BACK. THANK GOODNESS YOU'RE HERE. 
          BUT JUST AS JOHN STARTS TALKING, JOHN'S OUR INTERIM FINANCE DIRECTOR. 
          BUT WHICH PROJECTS ARE THE HIGHEST PRIORITIES OVER THE FIVE YEARS? SO AS YOU JUST SAW THOSE PROJECTS, I'M SURE YOU OF ALL LIKE LIKE WE DO I THINK I THINK SHAWN'S FAVORITE PROJECTS TOWN HALL I JUST WANT TO SAY THAT APPARENTLY BUT WHICH PROJECTS ARE THE HIGHEST PRIORITIES TO YOU OVER THE FIVE YEARS? QUALITY OF LIFE FOCUS IN THE 
          [00:35:03]
NEIGHBORHOODS, PARKS, ROADS, STORMWATER RIGHT. AND THEN CONFIRM WE'RE HEADING IN THE RIGHT DIRECTION. SO I THINK THAT'S WHAT THAT FIVE YEARS TO DO AND EVERY TIME WE COME BACK TO THE BUDGET DISCUSSIONS AND CONSIDERATIONS WE'LL CONTINUE TO REFINE THAT. 
          I THINK ANOTHER BIG QUESTION AS MR. TROYER TALKS TODAY IS WHAT IS TOWN COUNCIL'S COMFORT LEVEL TO. PAY AS YOU GO? OR IS THERE A COMFORT LEVEL WITH SOME SOME BOND CAPACITY? DO WE MAXIMIZE NOW OR DO WE REDUCE THAT MILLAGE WHEN THE TIME COMES IN THAT FUND FUND RESERVE AND SO I THINK JUST IN YOUR IN OUR OWN MINDS RIGHT NOW JUST START TO ASSESS THAT ASSESSMENT OF CASH FUNDED RIGHT WHAT THAT CASH FUNDED PLAN IS AND ISN'T FROM A FROM A EXPECTATIONS STANDPOINT AND THEN ALSO WHAT A CASH DEBT FUNDED PLAN LOOKS LIKE. AND SO ARE THERE ANY PROJECTS UP ON THAT SCREEN WE SHOULD ACCELERATE? WE'VE TALKED AND WE'VE TALKED TOGETHER AND COLLECTIVELY ABOUT OUR FIRE RESCUE HEADQUARTERS AND SOME OPPORTUNITY THERE. I HAVE STARTED TO TALK TO YOU A LITTLE BIT WHEN THE SPRINKLER SYSTEMS KEEP EXPLODING AND IS IT FREON THAT'S IN THEM? YEAH. ANTIFREEZE SORRY WRONG WITH ANTIFREEZE THAT'S IN THEM IN THE IN THE SMELL AND THE THE TOXICITY OF THAT WE'RE WE'RE STILL FIGURING OUT BUT JUST IN TERMS OF ARE THERE PROJECTS TO ACCELERATE DUE TO URGENCY OPPORTUNITY COMMUNITY VALUE? AND AS WE LOOK AT THIS, WE ARE GOING TO GIVE YOU SOME OPTIONS TO LOOK AT THINGS ONE YEAR, FIVE YEARS, TEN YEARS, 20 YEARS OUT. AND WE'VE PAID A LOT OF THAT OFF OVER TIME. I AM NOT SITTING HERE TODAY TO SAY HEY, WE PAID ALL THIS DEBT OFF, LET'S GO BORROW THE SAME AND GET BACK GET BACK IN DEBT. I JUST REALLY WANT TO BE REALISTIC ABOUT OUR CAPACITY AND OUR DEBT MILLAGE WE KNOW WHAT THAT IS. 
          THERE'S SOME CASH VALUE IN THERE. WE HAVE TWO MILLS STILL A LITTLE THUNDER BUT TWO MILLS IN OUR DEBT AND OUR DEBT FUND IN OUR MILLAGE CAPACITY. 
          WE KNOW THAT WE'RE GOING TO TALK TO YOU SOON ABOUT THE BEACH PRESERVATION BOND THAT THAT'S READY TO SCHEDULE AND BRING TO COUNCIL. WE KNOW THAT WE'RE GOING TO TALK ABOUT STORM WATER UTILITY PROGRAM NEXT MONTH AND A LITTLE BIT TODAY ON TAX INCREMENT FINANCING DISTRICT. I WILL SAY THAT AS WE LOOKED AT IT IN SHAWN'S EYES AND IN OUR EYES WE'RE PRETTY CONFIDENT THAT OUR PROJECTS ARE ALIGNED WITH OUR STRATEGIC PLAN. 
          WE'RE CONFIDENT OF OF HOW LONG IT'S TAKING US TO BUILD A PROJECT AND WE'RE CONFIDENT ABOUT YEAR ONE. WE'RE TRYING TO FIND SOME CONFIDENCE OF YEAR TWO THROUGH FIVE TODAY BUT NOT ALSO WALK IN THE ROOM WITH 12 PROJECTS TO TELL YOU WE WANT TO BORROW FOUR. WE WE DON'T KNOW THAT YET UNTIL WE HEAR FROM YOU THAT I'D LIKE TO BRING UP ANOTHER LITTLE BIT OF A DISCUSSION WITH THIS AS WELL IN THAT IS ARE WE BEHIND RIGHT IN TERMS OF OF LOOKING AT OUR CITY IN MAINTENANCE ON SOME OF THE STRUCTURES THAT WE HAVE? ARE WE COMING IN TO HUNGRY AT THE MOMENT, YOU KNOW, WITH CAPACITY OF THE WORKFORCE THAT'S OUT THERE TO DO STUFF? YOU KNOW, HOW DO HOW DO WE HAVE THAT CONVERSATION AS WELL SO THAT WE GET THE RIGHT THINGS DONE? THIS IS OUR AS DETROIT. 
          THANK YOU, MARK. I'M TRYING I THOUGHT YOU I THOUGHT YOU LOOKED TO ME TO START OUT JUST NO MR.. I JUST HAVE A QUESTION BASED ON SOME OF THE THINGS THAT YOU SAID IN YOUR PRESENTATION. SO ONE OF THE ITEMS IS WE ONLY HAVE COSTING FOR THE CURRENT FISCAL YEAR SO TWO QUESTIONS IF A PROJECT HAS CONSTRUCTION CHECKED ON IT IS THE AMOUNT LISTED IN THIS DECK THE FINAL COST OF CONSTRUCTION? YES. 
          IF IF IT'S AN EMPLOYEE 26 CONSTRUCTION PROJECT IT INCLUDES THE CONSTRUCTION COST OR AT LEAST THAT PHASE NUMBER IS MID ISLAND BUT JUST A MID ISLAND WAS THERE WOULDN'T BE OR IT WOULDN'T BE FOR THE FULL PROJECT BUT THE PHASE THAT WE'VE AGREED TO IN SCOPE AND SCHEDULE. YES. OKAY. 
          AND THEN A SECOND QUESTION IS YOU MENTIONED THAT AS A TO DO YOU'RE GOING TO BE GATHERING COSTS AS BEST YOU CAN FOR ALL OF THOSE OTHER PROJECTS THAT DO NOT HAVE COSTS. 
          WHEN CAN WE ANTICIPATE THAT? BECAUSE THAT'S GOING TO BE VERY IMPORTANT AS WE THINK ABOUT FUTURE PACING, WHETHER WE CAN LIVE WITHIN OUR MEANS, WHETHER THERE NEEDS TO BE MONEY THAT'S BORROWED, ETC. AND WITHOUT THAT INFORMATION YOU REALLY CAN'T MAKE A DECISION. 
          SO WE WOULD PRESENT THAT WAS PART OF THE 27 BUDGET IS WHAT WE WOULD START WORKING THROUGH RIGHT NOW TO PROGRAM OUT THE 27 CAP LIST AND INCLUDE PROJECT ESTIMATES PROJECT COSTS ACTUAL 
          [00:40:05]
COST FOR 27 OR I'M SORRY ESTIMATES FOR 27 AND DO THAT FOR 2830 930 AND WE'LL ADD 31 AS PART OF THAT BUDGET PRESENTATION WHEN WHEN WE WOULD SEE THAT. 
          SO WE HAVE TO WAIT UNTIL NEXT YEAR'S BUDGET IF WE WALK OUT OF THE ROOM TODAY AND THAT'S WHY I ASKED THE QUESTION ARE THERE. YES. 
          UNLESS YOU WANT TO ACCELERATE SOME THINGS WALKING OUT OF THE ROOM TODAY NOW WE START NEXT YEAR'S BUDGET IN JANUARY. WE'RE NOT GOING TO SHOW UP IN JUNE AND TELL YOU WHAT THOSE PRICE POINTS ARE BUT THERE'S A LOT OF PROJECTS ON THERE. I WILL TELL YOU WE WE HAVE WAY MUCH MORE APPETITE FOR PROJECT THAN WE HAVE CASH VALUE IN OUR RESERVES. 
          WE KNOW THAT. SO WE WE ARE STARTING TO PRICE THOSE PROJECTS OUT WHILE WE'RE BUILDING OUR CURRENT PROJECTS. SO I THINK TODAY TALK ABOUT YOUR IF THERE'S ANY PROJECTS THAT ARE PRIORITIES BECAUSE WE WILL WE ARE PRICING LIKE TOWN HALL LIKE WHERE I CAN PRICE A $10 MILLION TOWN HALL I CAN PRICE A $2 MILLION FIX. WE CAN PRICE FIRE RESCUE $2 MILLION ENHANCEMENT OR WE CAN PRICE A NEW FIRE RESCUE HEADQUARTERS. 
          WE'RE TRYING TO LOOK AT THE PRIORITIZATION OF THE COMMUNITY INVESTMENT, NOT JUST HOW MUCH IT COSTS THE LITTLE BIT OF BALANCE THERE AND FRANKLY WE JUST HAVEN'T TALKED ABOUT THIS SO LOUD AND THAT'S I THINK THIS IS THE FIRST STEP TOWARDS THAT . 
          I JUST WANT TO ADD TO THIS TON IS A LINE OF THINKING WHEN WE DECIDED TO GO TO A FIVE YEAR CERP PROGRAM AND AS WE INCLUDE INTO OUT YEAR COST IN OUR CURRENT FISCAL I SORT OF FIGURED WE WERE GOING TO RUN INTO THIS. SO I'M JUST SUGGESTING AND CHALLENGING US AND WE LOOK AT OUR FIVE YEARS PROGRAM OUTSIDE OF FISCAL BECAUSE TO THIS POINT IF WE'RE GOING TO BE TALKING THREE OR FOUR OR FIVE YEARS OUT, WE HAVE TO HAVE SOME IDEA AS TO WHAT THAT NUMBER LOOKS LIKE. OKAY. 
          AND OBVIOUSLY THERE'S GOING TO BE INFLATION IS GOING TO BE YOUR ADD ON BECAUSE IT HAS DOLLARS STRONGER THAN BLOCK THEM DOLLAR WHATEVER THE CASE MAY BE BUT I FEEL LIKE THE CFP CONVERSATION IS SET IN APART FROM FISCAL. I JUST WANT TO OFFER THAT I UNDERSTAND AND WE CAN DO THAT. I MEAN WE CAN PUT PRICES ON HERE RIGHT NOW BY THE TIME WE GET TO THE PROJECT IT'S LIKE ISLANDERS. ISLANDERS WHAT DID ISLANDERS COME IN AT $1,000,000 OVER EXPECTED AND WE HAVE A TOUGH DECISION. 
          DO WE DO WE TO REDUCE THE SCOPE THAT YOU ASKED US TO ACCOMPLISH OR COME BACK TO THE DRAWING BOARD THE MONEY SO WE'VE WE'VE TRIED NOT TO PROJECT TOO FAR OUT WITH THAT PRICING BUT I HEAR YOU WE ARE WORKING ON IT. I THINK TODAY'S A BIG, BIG STEP TO KNOW WHAT PRIORITIES ARE ON YOUR MIND SO THAT WE HONE IN ON THOSE PRICE POINTS BECAUSE THAT'S THERE'S A LOT OF PRICING ON THAT SHEET AND FOLLOWING UP ON IT. SO AS WE LOOK AT THIS, I KNOW WE'VE GOT SPECIFIC FUNDING FOR INSTANCE BEACH RENOURISHMENT WE CAN KIND OF JUST GUYS THAT CHECK THAT BOX AND MOVE ON. BUT THE OTHER PROJECTS THAT WE'RE LOOKING AT IN THESE OUT YEARS SO IS UNDERSTANDING WHERE TO DISCUSS WHAT OUR PRIORITIES MIGHT BE. 
          BUT THEN THERE'S ALSO A HOW CAN WE DECIDE ON THE LIST OF PRIORITIES IF WE DON'T HAVE SOME GRAND ESTIMATE OF WHAT IT MIGHT COST? SO IT SEEMS AS THOUGH, YOU KNOW, MAYBE WE OUGHT TO PICK OUR YOU KNOW, FIVE PRIORITIES. I'M JUST GOING TO PICK A NUMBER OUT THERE. I'M I'VE ADMITTED I LIKE THE NUMBER FIVE AND WE'LL TELL YOU WHY. BUT ANYHOW, YOU KNOW OR IF THERE'S A DIFFERENT NUMBER AND THEN MAYBE PRIORITY ONE OR THESE FIVE PRIORITY TWO OR THESE THREE YOU'RE AND THEN YOU CAN COME BACK WITH SOME IDEA OF OKAY WELL IF YOU WANT TO DO THAT THEN OUR GROSS ESTIMATE IS X AMOUNT OF DOLLARS AND THEN WE CAN FINE TUNE THE PRIORITIES TRYING TO THINK OF A WAY WE CAN APPROACH IT. AND JUST ONE MORE QUESTION SINCE AGAIN PLAYING OFF WHAT YOU SAID WHEN THE ACTUAL COSTS OR ESTIMATES END UP BEING SIGNIFICANTLY MORE THAN YOU HAD BUDGETED FOR, WHAT IS YOUR PROCESS? AS YOU SAID YOU CAN LOOK FOR MORE MONEY OR YOU CAN ADJUST SCOPE HOW DOES THAT WORK IN A NEW TOWN COUNCIL MEMBER I'M NOT SURE. DO YOU COME BACK TO TOWN COUNCIL AND ASK FOR APPROVAL ON THAT OR YOU KNOW DO YOU WORK THAT OUT THROUGH YOUR BUDGET? I JUST WANT TO UNDERSTAND THE PROCESS. IT DEPENDS ON THE MAGNITUDE OF THE PROJECT. 
          WE WE PICK PATTERSON PARK AS AN EXAMPLE PATTERSON PARK AS IT WAS BID CAME IN A HIGHER THAN WE FIRST ANTICIPATED. HOWEVER WE HAVE WITHIN PARK PROGRAM WE HAVE A LITTLE BIT OF FUNDS FROM SOME OTHER PARKS THAT WE CAME IN UNDER ON. I MAKE THAT WORK I'M GOING TO 
          [00:45:06]
DELIVER THAT PROJECT OR REPORT TO YOU AT THE APPROPRIATE TIME AT THE FINANCE COMMITTEE IF SOMETHING COMES IN SO OVERPRICED. TWO THINGS HAPPENED. 
          ONE SOMEONE GOT A HOLD OF OUR PRICE AND OVER OVERBID OR HOWEVER YOU WANT TO LOOK AT IT OR WE MADE A MISTAKE. WE'RE GOING TO COME AND TALK TO YOU ABOUT THAT AND ASK YOU TO EITHER A REDUCE THE SCOPE A.K.A. YOUR EXPECTATIONS OR B WE NEED SOME ADDITIONAL FUNDING AND IT'S JUST I THINK KEY CASE SPECIFIC ON THE BIG PROJECTS I'M WITH YOU ON THE LITTLE ONES AND THERE'S A SMALL GAP WE'RE GOING TO MAKE IT WORK AND I HAVE THAT THAT ABILITY THE WAY THE BUDGET IS IS ADOPTED. I'M NOT OPPOSED TO BORROWING MORE REASONS. 
          ONE OF THEM'S A CONTINGENCY FOR PHASED FUNDING THESE PROJECTS YOU KNOW, FOR INSTANCE, A MILE AND A HALF OF BYPASS PHASE ONES, 5000 FEET OF BIKE PATH ONE. 
          YOU GOT TO FIND A GOOD CONTRACTOR. YOU GOT TO WE GOT TO FIND THAT PERSON AND THAT PERSON TURNS OUT TO BE THE CONTRACTOR OF CHOICE AND THERE'S NO MOBILIZATION DEMOBILIZATION AGAIN IF YOU CAN PAY FOR PHASE TWO INTO PHASE ONE BUT THE BIDDING PROCESS HAS TO ALLOW FOR THAT TO HAPPEN UPFRONT AND THAT WAY YOU GET THE ECONOMY OF SCALE. YOU KNOW, IT'S THERE'S A BIG COST IN MOBILIZATION ON SOME OF THESE PROJECTS. I WOULD IMAGINE THE BIDDING ON THE PROJECT 2020 5% SOMETIMES OF YOUR PROJECTS EATEN UP WITH MOBILIZATION SO WE CAN ELIMINATE THAT AND BUT WE GOT TO HAVE THE CASH AVAILABLE TO BE ABLE TO PULL THAT FORWARD AND THEN HAVE A SPECIAL MEETING TO PULL FORWARD IF WE NEED TO. IT'S JUST YOU KNOW, IT'S A MONETARY DECISION BUT WE HAVE TO BE READY AND PREPARED TO MAKE THAT DECISION. YEAH, THAT'S THAT'S A GREAT POINT. GREAT POINT. YEAH, I LOOK AT WHAT'S KIND OF BEEN OUTLINED FOR FISCAL YEAR 26 AND IT COVERS A LOT OF THE QUALITY OF LIFE ASPECTS. 
          OBVIOUSLY WE'RE GOING TO HAVE A INFRASTRUCTURE OF CONVERSATION ABOUT STORMWATER BUT THEN WE WE REALLY DO ASK OURSELVES IS PUMPING 1,000,002 MILLION, $3 MILLION INTO AN AGENT STRUCTURE WHICH IS ALMOST AT ITS END OF LIFE? YOU KNOW, IF WE SAY YES, THIS BUILDING NEEDS TO BE REDONE. WE'RE STILL PROBABLY TWO YEARS OUT FROM ANYTHING REALLY GETTING DONE AND THEN WE KNOW THAT FIRE AND RESCUE DOESN'T MEET THE QUALITY AS TO WHAT HAS BEEN SET FORTH BY COUNCILS IN THE PAST AND CURRENT YOU KNOW SO I'M JUST KIND OF PUT IT OUT THERE THAT IF WE'RE IF WE'RE GOING TO LOOK AT TWO OTHER ITEMS COMING OUT OF THIS OR ANY OTHER ITEMS COMING OUT OF THIS FOR PRIORITIZATION, I THINK THOSE ARE TWO THAT WE REALLY NEED TO CONSIDER AND FIGURE OUT HOW TO TO TO MOVE THEM FORWARD. MR. ORLANDO STATED THAT ONE OF THE ONE OF THE OFFICE SPACES IS LEASED THOSE LEASEHOLDERS OR THE OWNERS OF THAT BUILDING COME TO US EVERY YEAR ASKING US WHO WERE VACATING YET. SO THEY'RE PUSHING HARD FOR US TO GET OUT SO THAT SPACE WILL BE GONE EVENTUALLY. SO YOU KNOW THOSE ARE THE THINGS THAT WE NEED TO REALLY CONSIDER IN THIS DISCUSSION TODAY NOT TO SAY THAT WE'VE GOT A FINAL ANSWER BUT KNOWING HOW WE'RE GOING TO MOVE FORWARD WITH SOME OF THESE OTHER DECISIONS. ARE YOU LOOKING FOR US TO REACT TO THAT NOW, MR. MAYOR? YEAH, ABSOLUTELY. ALL RIGHT. BOTH LADIES HAVE THEIR LICENSE WHICH I JUST WANTED TO CHIME IN ON THE ORIGINAL PART OF THE CONVERSATION BEFORE IT GETS TOO FAR AWAY AND I DON'T MIND HAVING THAT CONVERSATION AND I DO UNDERSTAND THAT WE HAVE LEASED PROPERTIES THAT WE'D PROBABLY BE BETTER OFF IF WE WERE IN OUR OWN SPACE. 
          BUT SPEAKING OF OUR OWN SPACE, WE OWN SOME ASSETS THAT ARE UNDERUTILIZED RIGHT NOW FOR INSTANCE PNC OR WILD WINGS AND I JUST WANT TO MAKE SURE THAT AS WE'RE TALKING ABOUT THIS WE'RE ALSO TALKING ABOUT HOW WE UTILIZE THOSE ASSETS THAT WE'VE PURCHASED AND YET HAVE NOT IDENTIFIED A NEED, SPECIFIC NEED OR SO THAT'S HOW IT STARTED. 
          YES, THERE IS A CATEGORY THAT IS NOT INCLUDED IN THE CIP PLAN AND THAT IS OUR LAND MANAGEMENT STRATEGY. SO WE HAVE ACCESS TO MONEY THROUGH THE BUF A COUNTY TAX REFERENDUM WHICH THE GREEN SPACE WHICH WE'VE BEEN LEVERAGING AND USING BUT WE ALSO USE TOWN FUNDS, REAL ESTATE TRANSFER FEE AND OTHER MONIES TO PURCHASE PROPERTIES AS WELL. AND IF WE THINK ABOUT OUR NUMBER ONE STRATEGIC PLAN WHICH IS PRESERVING AND PROTECTING OUR ISLAND AND MANAGING OUR GROWTH, ONE OF THE BEST WAYS TO MANAGE OUR GROWTH IS TO PURCHASE THE LAND AND OR DEVELOPMENT RIGHTS TO LIMIT 
          [00:50:03]
GROWTH AND SO THAT IS A CATEGORY THAT IS NOT INCLUDED IN THE CITY PLAN BUT IT IS SOMETHING THAT NEEDS TO BE THOUGHT OF IN REGARDS TO FUNDING FOR THE FUTURE POTENTIALLY. AND YEAH, WE GO BACK TO THE FIVE YEAR SIP PROGRAM, THE LAND ACQUISITION PROGRAM IS IN THERE. I'M NOT I'M NOT CHALLENGING THAT. I'M JUST NOT SURE WHAT YOU'RE LOOKING FOR. 
          THAT'S THE ADMINISTRATIVE COSTS. THAT'S NOT THE COST OF THE LAND OR THE PURCHASE. UNDERSTAND THAT WE HAVE TRADITIONALLY USED FUND RESERVES WHETHER IT'S REAL ESTATE TRANSFER FEE WE GO TO THE GREEN SPACE AND THEN THROUGH BUDGET AMENDMENT WE PULL THE MONEY IN THERE. I'M JUST ASKING WHAT YOU'RE I'M JUST CURIOUS WHAT YOU'RE ASKING ME FOR. IT'S AN ACKNOWLEDGMENT THAT THERE IS A DEMAND FOR LAND PURCHASES AND IF THAT'S SOMETHING THAT WE'RE GOING TO CONTINUE TO ACTIVATE THAT WE NEED TO UNDERSTAND WHERE WE'RE GOING TO GET THOSE FUNDS. 
          I UNDERSTAND THAT WHAT YOU'RE SAYING WAS I WAS I WAS ABOUT TO SAY GO GULLIVER, YOU BUT I GOT IT WHICH IS GOING I THINK IS VERY SIMILAR TO THE POINT THAT DESMOND WAS MAKING OF US HAVING CASH ON HAND TO BE NIMBLE WHEN LAND ACQUISITION BECAUSE THEN ALSO PRESENT THEMSELVES RIGHT SO I THINK IF WE'RE HAVING A DISCUSSION ABOUT A BONDING CAPACITY THAT NEEDS TO BE A PART OF IT AS WELL SO THAT WE ARE READY AND WILLING TO PURCHASE IF WE NEED TO EVEN IF THE REAL ESTATE TRANSFER FEE NUMBER IS NOT WHERE THE PRICE OF THE LAND IS AND THAT IS IN THE NEXT SECTION. OKAY, PERFECT. SO TO THE MAYOR'S POINT, THESE ARE OUR TICKET ITEMS THAT ARE NOT CURRENTLY IN THE PLAN. THE TOWN HALL AND THE FIRE AND RESCUE HEADQUARTERS. I'M ONE I'M SUPPORTIVE OF US MAKING THAT A PRIORITY AND TRY TO GET IT DONE IN QUICK ORDER. FIRST OF ALL, I GUESS I'M TROUBLED WHEN WE WALK INTO THIS BUILDING AND WE COME THROUGH THE CORRIDOR AND ALMOST ALL OF US SAY WHAT'S THAT SMELL? OH THAT'S TWO TIMES A WEEK THAT I'LL STAY HERE EIGHT, TEN, 12 HOURS A DAY. 
          AND IF WE'RE WORRIED ABOUT FLOORS FALLING IN, THAT'S A WHOLE NOTHER STORY. 
          SO TO ME IS ALREADY A PRIORITY. I THINK WE NEED TO BE CHALLENGING MR. LANDAU TO COME BACK TO US WITH OPTIONS AND NUMBERS THAT WE CAN CONSIDER. IS THIS YESTERDAY'S NEWS FOR ME AS FAR AS I'M CONCERNED AND WHEN IT COMES TO THE FIRE RESCUE HEADQUARTERS ALONG WITH OUR DISPATCH WHICH ALSO ALSO SERVES AS OUR EMERGENCY OPERATIONS CENTER, I SORT OF JOKE WITH CHIEF BLANKENSHIP AND THE MAYOR AND MR. LANDER WHEN I VISITED THAT PLACE. 
          LOOKS LIKE WE ARE A LIMITED SERVICE GOVERNMENT. IT REALLY DOES AND IT DOES NOT SHINE THE LIGHT OF EXCELLENCE THAT WE SO PROUDLY SAY OUT LOUD IS ONE OF OUR CORE VALUES. 
          WE'RE ASKING FOLKS TO PUT THEIR LIVES ON THE LINE ON A DAILY BASIS. 
          THE LEADERSHIP IS NOT IN THE PLACE OF QUALITY AND TO ME THAT'S ACCEPTABLE. 
          SO THAT TOO IF IT'S FOREIGN BUILDING THAT MAKES SENSE FOR HEADQUARTERS OR US LOOKING FOR LAND TO BUILD ON I THINK YOU NEED TO BRING THOSE OFFICES BACK TO US SO WE CAN MAKE SOME DECISIONS ON THAT AS WELL. BUT THOSE ARE MY COMMENTS ON THOSE PRIORITIES. 
          MR.. MARK THANK YOU, STEVE. OUT OF TURN OR WHATEVER BUT YOU KNOW, FOR ME PERSONALLY I THINK NOW HAS LIVED ITS LIFE AND THE INCONVENIENCE OF TEARING DOWN CABINS, THE STAFF OF TEARING DOWN A OR B OR C BUILDING AND THE TIME TO PUT IT BACK UP WOULD BE EXTREMELY COSTLY JUST TO PUT THE STAFF SOMEWHERE ELSE . 
          I'VE ALWAYS THOUGHT THE TOWN HALL IS IN THE WRONG PLACE. I THINK IT'S A BAD LOCATION. 
          THE ENTRANCE OF WEXFORD. THERE'S NOT ENOUGH PARKING HERE. 
          THERE'S MANY TIMES THAT WHAT I WOULD COME TO TOWN HALL PRIOR TO BEING ON COUNCIL AND I FIND MYSELF IN THE GRASS TRYING TO MAKE A PARKING SPOT. I'M DRIVING A TRUCK. 
          I DID MAKE A PARKING SPOT A FEW TIMES SO I THINK WE'VE LOOKED AT A COUPLE OF LOCATIONS THAT 
          [00:55:01]
MIGHT SERVE US BETTER THAT WE PROBABLY NEED TO DOVE INTO DEEPER AND SEE IF THERE'S AN OPPORTUNITY NOT ONLY FOR THAT BUT FOR THE EXPANSION IF NEEDED OF THAT PROPERTY AND AND IT'S OBVIOUS THAT THERE'S AN ABILITY FOR ENORMOUS AMOUNT OF PARKING . 
          I THINK WE WE MISSED THE SHIP PRIOR COUNCILS MISSED THAT WHEN THEY DIDN'T PICK UP ON THEM IT'S POOR RURAL PLAZA WOULD HAVE BEEN A GREAT PLACE BUT WE NEED TO LOOK INTO THAT AND TRYING TO PUT LIPSTICK ON A PIG SOMETIMES IS JUST THAT IT'S LIPSTICK ON A PIG AND IT'S A LOT OF WASTE OF MONEY AND YOU FIND YOURSELF EIGHT OR NINE YEARS DOWN THE ROAD HAVING TO DO IT AGAIN OR TEAR IT DOWN SO MR.. AS WE IDENTIFY POTENTIAL OTHER PRIORITIES THAT WE WANT TO PULL FORWARD AND I FEEL STRONGLY THAT WE NEED TO THEN REMOVE PRIORITY IS COMMENSURATE WITH WHAT WE'RE GOING TO BE ADDING. THIS SHOULDN'T BE A WE'VE ALREADY LAID OUT YOU'VE ALREADY LAID OUT YOUR 78 PROJECTS THAT WE ADD THESE BIG PROJECTS ON TOP OF IT WE NEED TO PULL BACK THEN WE DO NOT HAVE UNLIMITED FUNDS. 
          I AGREE WITH THAT. MS. TURNER AND IT SOUNDS AS THOUGH WE'VE ALREADY IDENTIFIED THREE PRIORITIES AND ON MY LIST OF FIVE THERE ARE ONLY TWO LEFT. 
          SO THREE PRIORITIES I THINK WE'VE IDENTIFIED JUST BY DISCUSSION OUR FIRE AND RESCUE HEADQUARTERS AND WHAT TO DO ABOUT TOWN HALL AND I'LL CALL IT TOWN HALL DISREPAIR. 
          HOW'S THAT? AND THEN THIRDLY THE LAND ACQUISITION. 
          SO THOSE ARE THREE OF OUR TOP FIVE PRIORITIES AND I'M WITH MRS. TURNER AND WE'VE GOT TO DECIDE WHAT TO TAKE OFF THE LIST FOR GOOD AND ESPECIALLY BECAUSE THOSE ARE REALLY BIG TICKET ITEMS. A LOT OF THE OTHER ITEMS WE HAVE MAYBE SOME DESIGN MONEY YOU KNOW EVEN THOUGHT ABOUT AND HAVE BY 2027 BUT WHY BOTHER WITH DESIGN IF WE'RE NOT GOING TO END UP HAVING THE MONEY TO DO IT SO I'M JUST THROWING OUT THOSE THREE AREAS FOR US TO THINK ABOUT. I WOULD I WOULD CAUTION US TO BE CAREFUL IN WHAT WE START TALKING ABOUT MAYBE TAKING OFF OF A LIST BECAUSE WE'VE WE'VE GONE THROUGH PROCESSES TO TELL THE PUBLIC THIS IS WHAT WE'RE WORKING ON. SO FROM A STANDPOINT OF CAPACITY IN DOLLARS YOU KNOW, I RELY I'M GOING TO RELY ON THE TOWN STAFF TO KIND OF HELP DIRECT US ON THAT. BUT I DO WANT TO ASK COUNCIL I MEAN JUST A YOU KNOW, DOES EVERYBODY I MEAN WE'VE IDENTIFIED A COUPLE OTHER AREAS OF CONCERN. 
          YOU KNOW, THE TOWN HALL FIRE AND RESCUE AT SOME POINT WHEN WE START TALKING ABOUT STORMWATER MANAGEMENT, WE'RE GOING TO TALK ABOUT A PUBLIC WORKS DEPARTMENT. 
          RIGHT. ALL VERY IMPORTANT ASPECTS TO OUR COMMUNITY. 
          BUT I WANT TO I WANT TO RELY ON THE FINANCIAL ADVICE AND THE PLANNING ADVICE FROM FROM BOTH SIDES OF THE TABLE HERE TO HELP US WITH THAT YOU KNOW, I AGREE WE DON'T NEED TO GET OURSELVES INTO A POSITION WHERE WE'RE BORROWING TOO MUCH MONEY, UTILIZING TOO MUCH OF OUR RESERVES. BUT WE ALSO HAVE TO MAKE CERTAIN WE GET IT RIGHT. 
          IS THERE A TIMING ASPECT INVOLVED WITH THIS QUESTION? WE HAVE ALREADY SPENT A NUMBER OF MONTHS DETERMINING WHAT OUR PRIORITIES ARE AND WE'RE LOOKING AT THE CURRENT AND THE NEXT FISCAL YEAR AND I WONDER WHETHER THESE LARGER PROJECTS FOR TOWN HALL FIRE RESCUE AND SO ON ARE NOT FOR YOU RIGHT FOR THIS YEAR. BUT THERE ARE A COUPLE OF YEARS DOWN THE ROAD AND THEREFORE SHOULD NOT IMPACT WHAT WE HAVE ALREADY DECIDED TO GO FORWARD WITH THEM. A STRATEGIC ACTION PLAN. YEAH I'LL ANSWER THAT. 
          I THINK WE AS ALL SYSTEMS GO WITH WHAT WE'RE SAYING WE'RE DOING ENOUGH FOR 26. 
          THAT'S WHY WE WENT OVER THAT WITH YOU I THINK ANY PLANNING FOR AND WHEN WHEN JOHN GOES THROUGH THE NEXT SECTION WE'RE WE'RE TRYING TO TIE UP AVAILABLE FUNDS BECAUSE I AGREE WE'RE NOT AND I MEAN IT'S TRUE SO THAT WE'RE NOT TRYING TO BORROW FUNDS. 
          I'M SIMPLY TRYING TO ASK YOU DO YOU WANT US TO ACCELERATE CERTAIN PROJECTS AND IF WE'RE GOING TO BUILD TOWN HALL AND FIRE RESCUE AND IF WE'RE MAKE THOSE IMPROVEMENTS THEN YES, WE'RE GOING TO ACCELERATE THOSE PROJECTS. IT'S JUST A CONVERSATION TODAY . I DON'T HAVE FULL ANSWERS. YOU WILL SEE IN THE NEXT SECTION THOUGH THAT THERE IS CASH AVAILABLE AND THE DEBT MILLAGE RESERVE WE WE TALKED ABOUT THAT BEING FOR LAND ACQUISITION IS MORE THAN $13 MILLION ABOVE AND BEYOND OUR TEN OR $11 MILLION. WHAT'S IN OUR REAL ESTATE TRANSFER FEE RIGHT NOW IS NO SO AND THEN THE OTHER QUESTION IS IF WE WOULD BORROW WOULD YOU WOULD YOU PLEDGE A CERTAIN PERCENTAGE OF THAT FOR LAND FACILITY PARK WE TALK NEXT MONTH ABOUT STORM WATER. 
          [01:00:01]
I THINK OUR STORMWATER UTILITY FEE AS WE REALLY ASSESS IT AND COMPRESS HOW WE'RE USING IT THERE IS BORROW CAPACITY TO ACCELERATE SOME STORMWATER PROJECTS OF OF CONCERN WHICH INCLUDE RIGHT AWAY AND DITCH AND SYSTEM CHANNEL ACQUISITION SO I THINK AS WE GET THROUGH THE NEXT SECTION IT STARTS ANSWERING THOSE QUESTIONS WE ARE NOT SIMPLY TODAY TRYING TO CHANGE THE DIRECTION OF THE AIRPLANE WAS AT POINT 26 BUT WE HAVE WE'RE STARTING TO PLAN FOR 27 RIGHT NOW AND NOT KNOWING IF IT'S CASH OR DEBT IT'S DO SO IN TERMS OF PRIORITIES. 
          FIRE AND RESCUE IS ONE OF THE MOST IMPORTANT SAFETY FEATURES WE HAVE ON THE ISLAND. 
          WE ALSO ARE LOOKING FORWARD TO AN ASSESSMENT ON WHAT A PUBLIC SAFETY DEPARTMENT AND THOSE ARE ADDITIONAL COSTS. SO IN TERMS OF PRIORITIES, THOSE TO REACH THE LEVEL OF WHAT A PUBLIC GOVERNMENT SHOULD BE FOCUSED ON AND SO HOW WE LOOK AT THE NEEDS FOR FIRE RESCUE DISPATCH ETC. THE SPACE THAT THEY NEED I WOULD PUT THAT AS ALONG WITH THE PUBLIC SAFETY DEPARTMENT THAT WE'VE BEEN TALKING ABOUT. SECONDLY, OUR TOWN STAFF NEEDS TO BE IN A HEALTHY ENVIRONMENT AND I'M NOT SURE OF WHAT THE SQUARE FOOTAGE NEEDS ARE AND HOW ANY OF OUR OTHER ASSETS WOULD WOULD HELP AND WHETHER OR NOT THERE'S AN ADDITIONAL SPACE AROUND THE ASSETS THAT WE CURRENTLY OWN THAT WE COULD ACQUIRE TO PUT TOGETHER A GOOD TOWN HALL THAT'S VISIBLE TO THE PUBLIC AND WITHIN KEEPING OF OUR CHARACTER. 
          SO THOSE ARE TWO IMPORTANT THINGS I CERTAINLY THINK ALSO I DON'T WANT TO MISS THE OPPORTUNITY LIMITED SERVICE GOVERNMENTS MEANS SIMPLY THAT WE DO NOT OVERREACH INTO EVERYTHING AND ANYTHING THAT WE STAY WITHIN. WHAT IS GOVERNMENT IS RESPONSIBLE FOR AND THOSE ARE THE THINGS THAT I'VE JUST SPOKEN ABOUT HAS NOTHING TO DO WITH THE QUALITY OF A BUILDING. HAVING SAID THAT, THE OTHER THINGS THAT I CERTAINLY DON'T WANT TO LOSE SIGHT OF AND I REALIZE WE'RE TALKING ABOUT THIS NEXT MONTH BUT STORMWATER AS WE HAVE DRIVEN AROUND AND HAVE EXPERIENCED THE LAST SEVERAL WEEKS MONTH OF RAINS, WE CAN SEE THAT THE OVERDEVELOPMENT, THE LACK OF PERVIOUS GROUND AS SO EXISTS HAS NOW CAUSED FLOODING ON ALMOST EVERY PIECE OF PROPERTY AROUND THE ISLAND. 
          IT'S NOT JUST IN CERTAIN SPOTS ANYMORE IT IS EVERYWHERE. THERE'S STANDING WATER STILL TODAY IN PLACES THAT I HAVE NEVER SEEN STANDING WATER BEFORE AND SO STORMWATER HAS TO BE A PRIORITY. I AM CONCERNED TWO THINGS I AGREE WITH YOU MELINDA YOU'RE RIGHT. WE DON'T I HEARD YOU MENTIONED THINGS THAT WE WANTED TO ACCELERATE THAT WE WANT TO ADVANCE. I DON'T THINK THAT THAT'S THE THAT'S THE PLACE WE SHOULD BE THINKING IN LIGHT OF THE DISCUSSION ABOUT WHAT WE WANT TO SET AS PRIORITIES. I THINK WE OUGHT TO BE LOOKING AT REDUCTIONS PLACES THAT WE HAVEN'T YET STARTED, THINGS THAT WE DON'T NECESSARILY HAVE TO RELY ON AND THAT WE'RE PUTTING AHEAD OF PUBLIC SAFETY. PUBLIC SAFETY COMES FIRST. THOSE OTHER PIECES SHOULD COME AND FOLLOW AFTER THAT. I ALSO WANT TO THE SECOND CONCERN THAT I HAVE IS ANY MONEYS THAT MIGHT BE TAKEN ON SHOULD DEFINITELY GO TO LAND ACQUISITION OUR NUMBER ONE STRATEGIC PLAN PRIORITY IS TO TO CONTROL GROWTH AND THE ONLY WAY WE CAN DO THAT WE HAVE THE BEST WAY WE CAN DO THAT IS BY ACQUIRING LAND AND PUTTING IT INTO CONSERVATION CERTAINLY USING THE GREEN SPACE MONEY HAS WORKED FOR US AND I HOPE THAT IT CONTINUES TO WORK FOR US BUT WE NEED TO MAKE SURE THAT WE HAVE ADEQUATE FUNDS AVAILABLE TO ACQUIRE WHATEVER LAND THAT WE POSSIBLY CAN SO THAT WE CAN CONTINUE TO CONTROL THAT CONTINUE TO HOPEFULLY PROVIDE SOME PERVIOUS LAND AND SOME STORMWATER MANAGEMENT THROUGHOUT THE ISLAND. 
          BUT I ALSO WANT THE FUNDS IN A LOCKBOX. I DON'T WANT MONEY SITTING THERE WHERE BY THE WHIM OF SOME COUNCIL TO COME THAT MONEY BEGINS TO GET SPENT IN WAYS THAT IT WASN'T INTENDED TO BE SPENT AND SO THAT IS ONE OF THE TOP THINGS THAT I'LL BE LOOKING FOR WITH ANY MONEY THAT WE TAKE ON ANY DEBT THAT WE TAKE ON THAT IS BEING USED OVER SPECIFIC ITEMS AS IT INTERESTS HERE IN THESE DISCUSSIONS AND THAT LEFT OPEN THANKS. 
          YES, SIR. FIRST OF ALL, WITH REGARD TO TAKING THINGS OFF THE TABLE, I 
          [01:05:02]
DEFINITELY WANT TO MAKE A CAREFUL REVIEW OF THAT. I'M NOT SAYING TODAY LET'S JUST GO THROUGH AND LINE THINGS OUT. IT'S GOT TO BE CAREFUL REVIEW. THE OTHER THING AND THINKING ABOUT A LAND ACQUISITION FINE IF YOU WILL IS IDENTIFYING AN INCOME STREAM AND I THINK BRIEFLY MR. ORLANDO TALKED ABOUT THE POSSIBILITY OF USING THE DEBT SERVICE MONEY AS A LAND ACQUISITION. AND THEN ALSO MY QUESTION IS ABOUT THE REAL ESTATE TRANSFER FEES. IF WE HAVE DEDICATED REVENUE STREAMS AND THAT'S A DIFFERENT KIND OF FINANCING TOOL WE COULD USE, SO CAN WE USE REAL ESTATE TRANSFER FEES AS A DEDICATED REVENUE STREAM RATHER THAN TAKING THE POT OF MONEY AND SPENDING THAT? SO I THINK THAT'S SOMETHING MAYBE TO THINK ABOUT AS FAR AS SETTING UP PERHAPS A LAND ACQUISITION FUND AND THEN ALSO ARE THERE OTHER TYPES OF REVENUE STREAMS? AND I THINK OUR BOND COUNSEL HAS TALKED TO US ABOUT THE POSSIBILITY AND THEY'VE DONE PRESENTATIONS ABOUT THIS ABOUT A MIXED INCOME STREAM WHERE YOU POOLED INCOME STREAMS TOGETHER TO CREATE A LARGER AMOUNT TO BE USED FOR CERTAIN PROJECTS. SO I THINK THAT'S SOMETHING ELSE THAT WE OUGHT TO TAKE A LOOK AT AFTER WE IDENTIFY WHAT OUR PRIORITIES MIGHT HOLD OUT UNTIL WE HAVE THAT CONVERSATION THERE. JUST A PLACEHOLDER AND YEAH, I'M NOT GOING TO ANSWER THAT QUESTION NOW I'M THROWING SOME ADDITIONAL THOUGHTS OUT AS WE TALK ABOUT POSSIBILITIES OF HOW TO FUND PROJECTS FROM WHERE WE'RE GOING NEXT BECAUSE I THINK THAT'S WHERE WE'RE GOING NEXT YEAR BECAUSE I YOU KNOW, I THINK WE'RE SORT OF JUMPING TO CONCLUSIONS ABOUT WHAT WE CAN AFFORD OR NOT AFFORD BEFOREHAND FROM OUR VERY GOOD FINANCE DIRECTORS. SO TO WRAP UP THAT DISCUSSION ABOUT THE CAPS SIDE, YOU KNOW, MARK, I THINK YOU'VE HEARD THAT THERE ARE A COUPLE OF OTHER THINGS THAT NEED TO BE IN CONSIDERATION WHETHER IT IS ON A PIECE OF PROPERTY WE ALREADY OWN, WHETHER IT'S A NEW PIECE OF PROPERTY THAT WE PURCHASE OR WHETHER IT'S A BUILDING STRUCTURE THAT WE PURCHASED. 
          SO I THINK YOU'VE GOTTEN SOME DIRECTION FROM COUNSEL AND I MIGHT SPEAK OF EVERY COUNCIL MEMBER BUT THAT'S KIND OF WHAT I HEARD. THANK YOU. 
          I FEEL THAT IN FACILITIES AND LAND ACQUISITION AS WE STACK THEM AGAIN WE'RE GOING TO COME BACK TO YOU WITH SOME OF THESE SOLUTIONS. POLICY IN PLACE USE OF SOURCE OF FUNDS OF FUNDS, DETERMINATION THAT'S GOING TO WE'RE GOING TO PUT THAT TOGETHER AFTER TODAY AND BRING YOU BACK A PROPOSAL THROUGH THROUGH COMMITTEE AND THE TOWN COUNCIL. AND I WILL TALK TO YOU ALL ABOUT THIS AS WELL. 
          I JUST WASN'T GOING TO GO DO THAT WITHOUT THE FULL CONFIDENCE OF COUNSEL'S CONVERSATIONS AND MR.. TO YOUR POINT THE LAND ACQUISITION MANUAL YES. 
          WE'VE GOT TO LOOK AT THAT. WE'VE GOT TO REVIEW THAT. WE'VE GOT TO DETERMINE WHAT THE PURPOSE OF BUYING COMMERCIAL BUILDINGS ARE, WHETHER IT'S FOR ECONOMIC DEVELOPMENT, GREEN SPACE OR WHATNOT. SO THAT IS A VERY IMPORTANT ASPECT. 
          THANK YOU. NOW NO GO AHEAD. YOU JUMPED THE GUN EARLIER. 
          I WAS ALWAYS JOHN THIS TIME FOR SURE, SIR. THIS TIME FOR SURE. 
          OKAY, GREAT. YEAH, I THINK KUDOS TODAY TO TOWN COUNCIL AND PREVIOUS TOWN COUNCILS THROUGH THEIR POLICIES THEY HAVE ESTABLISHED POLICIES AND PRACTICES TO HAVE SOME FUNDS AVAILABLE HAVE SOME CAPACITY AVAILABLE AND PROVIDED MULTIPLE REVENUE STREAMS. AND SO THOSE OPTIONS ARE TO TOWN COUNCIL TO CONSIDER. AND SO RECENTLY WE HAD GOOD NEWS WITH THE STANDARD AND POOR'S UPGRADE AND SO WE CAN ALL CELEBRATE THAT AS A COMMUNITY AND IT DOES IMPROVE OUR ACCESS AND INCREASES FOR DEBT. 
          IF TOWN COUNCIL CHOOSES TO USE IT AND ACCESS TO CAPITAL MARKETS EVEN IF YOU DON'T USE IT IS VALUABLE. SO KUDOS THERE AND SO THERE'S A NUMBER OF DIFFERENT OPTIONS AVAILABLE TO TOWN COUNCIL AND WE LISTED OUT A FEW OF THESE THAT WE CAN TALK ABOUT THROUGH THE BEACH PRESERVATION FEE FUND TO THE DEBT SERVICE ACCUMULATED BALANCES THROUGH THE GEO DEBT SERVICE MILLAGE STORMWATER UTILITY FEE FUND. WE'LL TALK ABOUT THAT SPECIFICALLY NEXT MONTH IN THE WORKSHOP BUT IT'S THERE AS A REVENUE AND AS A POTENTIAL USE BECAUSE THERE'S NEEDS OUT THERE FOR AS WELL POTENTIAL FOR THE ESTABLISHMENT OF A NEW TAX INCREMENT FINANCING DISTRICT OR TIFF DISTRICT. THAT OPTION AVAILABLE UNDER DIFFERENT PIECES THAT YOU CAN DO AND THEN WE WE THE TOWN HAVE OPTIONS FOR CASH ON HAND AND VARIOUS FUNDS AND AND I SPEAK TO COUNCIL WOMAN DECKER'S COMMENTS ABOUT LOCK BOXES WE DO KEEP THESE IN FUNDS AND SO THE BEACH FEE AS CERTAIN USES THAT ARE ALLOWED IN THE R.A.F. HAS 
          [01:10:05]
CERTAIN USES THAT ARE ALLOWED AND WE KEEP THOSE INSERT IN FUNDS AND SO YOU CAN KNOW THAT THAT'S HAPPENING NOW AND THEN COUNCIL HAS AN OPTION TO PUT ADDITIONAL CRITERIA OR THEY TO CHOOSE AND SAY WELL WE'RE GOING TO BE EVEN MORE SPECIFIC THAN THAT AND WE CERTAINLY CAN ACCOMMODATE. SO THIS IS A LOT OF NUMBERS AND THEY'RE REALLY SMALL ON THIS PAGE BUT JUST KNOW THAT OUR PRELIMINARY JUNE 30 NUMBERS ARE COMING IN VERY POSITIVELY. 
          OUR FUND BALANCES COMPARED TO THE POLICY LEVELS THAT HAVE JUST INCREASED AND SO I APPLAUD TOWN COUNCIL FOR RAISING OUR POLICY LEVELS IN THIS BUDGET PROCESS. 
          SO THANK YOU FOR DOING THAT. I THINK THAT'S A BIG SUCCESS THAT THOSE RESERVE POLICIES TOWN HAS ROOM AND CAPACITY ABOVE THOSE POLICIES TODAY SO THAT THEY COULD CONSIDER SOME THIS IS ONE PATH TO MOVE FORWARD IS TOWN COUNCIL WERE TO CHOOSE. 
          MARK WANTED TO TALK A LITTLE BIT ABOUT THE BEACH RENOURISHMENT FUNDING OPTION WHICH I DID YOU KNOW THIS THIS IS ON TRACK TO WHAT WE TALKED ABOUT WHEN WE WERE TOGETHER. 
          WE TALKED ABOUT IS BORROWING AS LEAST AMOUNT AS POSSIBLE BUT MAINTAINING OUR FUND RESERVE AS PER EXPECTATION. ONE, WE'VE GOT A COUPLE GOALS THAT WE'RE SHOOTING FOR. 
          ONE, THE CASH RESERVE WENT FROM 12 TO 20 THIS YEAR WITH SOME GOOD CASH MANAGEMENT IN PLACEMENT AS WELL AS YOUR BUDGET POLICY THAT IS IN PLACE AND AS A 20 MILLION VALUE. 
          SO WE'VE MEANT THAT BUT WE ALSO HAVE I WOULD CALL AN UNWRITTEN RULE AT THIS TIME WHERE WE ARE ANTICIPATE SAVING ENOUGH CASH CALLED CASH ENOUGH RESERVE IN SEVEN YEARS TO BE CURRENT CASH VALUE OF CURRENT CONTRACT $47.5 MILLION TO STAY ON TRACK OF THAT WE'RE WE'RE PRETTY COMFORTABLE WITH THAT 6040 I WILL SAY AND JOHN POINTED THIS OUT TO ME AND IT'S A GOOD IT'S A GOOD NOTE TO TO SHARE AS LONG AS I CAN FIND IT. $19 MILLION OF DEBT IS WHAT WE WILL ASK FOR TO BORROW OVER SEVEN YEARS AND THAT'S DIFFERENT THAN LAST TIME 30 MILLION OVER TEN YEARS. WE'RE BRINGING THAT FORWARD ACCORDING TO THE SCHEDULE. 
          IS THAT UP THERE APPROXIMATELY 45.7 NEXT SLIDE THERE WE SEE IT . 
          WE'RE TRYING TO BRING THIS FORWARD TO YOU FOR SECOND AND FINAL READING ON OCTOBER 21ST. 
          SO WE'RE STARTING THAT PROCESS RIGHT NOW. IT SHOWS UP HERE, THEN IT GOES TO FINANCE AND ADMINISTRATIVE COMMITTEE ON WHAT THE TERMS ARE. 
          WE HAVEN'T ALWAYS BROUGHT DEBT AND ALL THOSE PLACEMENT THROUGH FINANCE COMMITTEE. 
          I'M FOLLOWING THE PROCESS AND AND TO KEEP US ON TRACK I WOULDN'T SAY THIS IS ANY URGENCY BUT IF ANY A IN SEPTEMBER FIRST READING IN OCTOBER BACK AND READING IN OCTOBER WITH WITH SOME GOOD WORK TO DO THAT I KNOW MR. MCGOWAN KNOWS VERY WELL AND ESPECIALLY WITH JOHN HERE IT SEEMS TO BE JUST ON AUTOPILOT AT THIS POINT. 
          WE'LL BRING IT TO YOU SO. IF I CAN ASK A QUESTION ABOUT THE SCHEDULE I APPRECIATE IT AND THE SCHEDULE HAS GOT TO BE WITH THE SCHEDULE IS BECAUSE OF STEPS WE HAVE TO TAKE. 
          SO WE'VE SPENT A GOOD BIT OF TIME TALKING ABOUT THIS NOW THAT I SEE THESE TERMS I'M ONLY ONE MEMBER OF THE FINANCE ADMINISTRATIVE COMMUNITY BUT I DON'T THINK IT NEEDS TO COME BACK TO US. I THINK WE'RE GOOD TO GO. LIKE YOU SAY, IT'S ALMOST ON AUTOPILOT. JUST BRING IT TO US FOR FIRST READING. 
          I'LL LOOK AT MY OTHER COMMITTEE CHAIR COMMITTEE MEMBERS AND SAY PATSY, YOU'RE OUT OF LINE. 
          I DISAGREE WITH YOU. I WOULD LIKE TO SEE IT GO TO COMMITTEE JUST FOR THE PUBLIC'S BENEFIT. I KNOW WE'VE HAD A LOT OF CONVERSATION ABOUT IT BUT I THINK THAT WOULD BE WORTHWHILE AND I'LL LET YOU SPEAK UP TO THAT AS WELL. 
          AND IT DOES ALIGN TO OUR MISSION AROUND I'M FINE WITH IT COME WITH THIS COMMITTEE. 
          I WAS LAUGHING BECAUSE I GUESS SOME OF THE MEDIA TRYING TO FIND SOME HOT TOPIC SO WE CAN GET A CROWD IN MY OPINION. ALL RIGHT. YEAH MAYOR, I THINK IT GOES BACK TO THE COMMITTEE. THANK YOU. AND I'M JUST GOING TO SAY WE'VE HAD A WORKSHOP OR TWO ON THIS. YOU KNOW, I'LL DEFER TO THE BALANCE OF MY COMMITTEE ON WHICH I SERVE. BUT I'M JUST TRYING TO MOVE THINGS ALONG AND TO PREVENT UNDUE STAFF TIME WITH SOMETHING THAT'S ALREADY BEEN STAFFED. I APPRECIATE THAT AND IT'S BEEN A LITTLE WHILE SINCE WE'VE HAD THAT CONVERSATION IN OTHER WE'RE HAVING IT HERE NOW WE'RE PUTTING IT OUT THERE BUT I LIKE IT GOING BACK TO THE COMMITTEE I I'D LIKE TO TALK ABOUT THIS. 
          [01:15:10]
THANK YOU. I HAVE TWO CLARIFYING QUESTIONS SO THE FIRST ONE IS DID WE PAY OFF OF 2017 BETWEEN MANAGEMENT BOND YES. THEY'RE PAID TO AND DID WE COLLECT THE $7 MILLION GRANT FROM FEMA THAT HAS NOT BEEN COLLECTED? NO PART OF THAT COLLECTION HAS TO BE SPENT FIRST BEFORE WE CAN COLLECT IT. 
          AND SO IT'S REIMBURSEMENT IT'S A REIMBURSEMENT OF THE FIRST PHASE OF THE WORK WE'RE DOING RIGHT NOW BY DEADLINE. OKAY. ALL RIGHT. 
          SO WE BELIEVE AND ALL SYSTEMS GO RIGHT WE'RE ALL WATCHING FEMA CLOSELY AND WE BELIEVE WE'LL BE REPAID AND THAT'S HENCE THE PROJECT GOT STARTED. AND WHAT IS OUR TYPICAL REIMBURSEMENT TIMELINE? I DON'T KNOW THAT THERE IS A TYPICAL PAST. 
          THERE'S NO TYPICAL BUT I WOULD HOPE AND I'D FRAME IT AS A HOPE SIX MONTHS BUT IT'S A STARTING POINT. ALL RIGHT. SO WHEN I LOOK AT THE PROPOSAL ,YOU KNOW, I'VE BEEN PRETTY CONSISTENT. I WANT TO BORROW THE LEAST AMOUNT OF MONEY POSSIBLE TO FUND THIS. AND SO THAT WAS ONE OF THE QUESTIONS THAT I NEEDED TO ANSWER FOR MYSELF. I THINK WHERE YOU'VE LANDED WITH THIS 6040 PROVIDES YOU THE COVER THAT YOU NEED FOR ANY UNKNOWN LIKE THE REIMBURSEMENT FROM FEMA IF YOU WENT TO 7030 THAT WOULD JUST BE A DIFFERENCE OF $4,750,000 AND AND YOU'D BE PRETTY CLOSE TO THAT $20 MILLION MINIMUM THAT YOU'RE SUPPOSED TO BE. 
          SO I THINK YOU HAVE IDENTIFIED THE RIGHT PERCENT TOUCH BASED ON THAT. 
          THE SECOND ITEM THAT I WANTED TO ANSWER FOR MYSELF IS SOMETHING THAT YOU MENTIONED WILL WE BE SAVING ENOUGH MONEY TO PAY OFF THE BEACH RENOURISHMENT THE NEXT TIME IN SEVEN YEARS BASED ON WHAT WE CURRENTLY SPEND WITH MAINTENANCE AS WELL AS THE PAYMENT THAT WE'LL NEED TO PAY ON THE DEBT. AND WHEN I LOOK AT THAT WE WOULD HAVE YOU KNOW WE COLLECT ABOUT $14 MILLION A YEAR. WE SPEND ABOUT $1,000,000 ON MAINTENANCE. THE PAYMENT IS 3.1 MILLION SO WE WOULD NET ABOUT $10 MILLION A YEAR. SO YOU COULD DO THE MATH 70 OR 70,000,008 YEARS, 80 MILLION, TEN YEARS YOU YOU KNOW 100 MILLION. SO THAT DOES NOT INCLUDE ANY OTHER PROJECTS THAT YOU MIGHT COMPLETE DURING THAT TIME. BUT I BELIEVE IT ANSWERS THAT QUESTION THAT IT WOULD PROVIDE YOU SOME MONEY TO BE ABLE TO PAY NEXT TIME. 
          NOW WE DON'T KNOW EXACTLY HOW MUCH IT'S GOING TO COST AND HOW MUCH INFLATION IS GOING TO BE BUT IT'S CERTAINLY A HEALTHY AMOUNT PER CENT THAT IN OUR AND OUR GOAL IS AS WE LOOK AT THIS EVERY YEAR TO CONTINUE TO CALIBRATE THE FUND BALANCE RESERVE UPWARD POINT TO CONTINUE TO GET IT UP THERE ALONG THE WAY. LET ME ASK A QUESTION IF IF WE'RE UNFORTUNATE ENOUGH TO HAVE A NAME STORM AFFECT OUR BEACHES AND THE FUND HAS INCREASED IT'S GOT WELL MORE THAN A $20 MILLION RESERVE SO WE'RE ABLE TO PULL FROM THAT FUND TO DO AN EMERGENCY BEACH RENOURISHMENT AS A TOWN COUNCIL YOU HAVE YOU HAVE THAT AUTHORITY BECAUSE BECAUSE WE CAN ALSO LOOK AT IT AS ADDITIONAL RESERVES. 
          SO I JUST WANT TO AND WE'VE LEARNED AND I JUST TRAVELED TO SOUTHWEST FLORIDA AND SAW THE AFTERMATH OF A OF A STORM THAT THERE TWO YEARS AGO. AND I TELL YOU, I'VE NEVER SEEN IMPACT OF A STORM THAT UP CLOSE AND PERSONAL TWO YEARS LATER AND I WILL SAY WE WILL IF SOMETHING LIKE THAT HAPPENS WE WILL NEVER HAVE ENOUGH FUNDS SO THE FACT THAT WE ARE INCREASING THIS WE'RE GOING TO RUN OUT OF SAND AND AND MONEY AT SOME POINT IS JUST NEVER ENOUGH. 
          SO I'VE APPRECIATE THAT WE HAVE SUCH A SENSITIVE FOCUS ON INCREASING THE EMERGENCY AS WELL AS THE BEACH FUND BALANCES RISK AMONG MONTHS AGO I MENTIONED ABOUT PROTECTING OUR INVESTMENT A GOOD TIME TO MENTION THIS AGAIN AND WE WE REALLY REALLY REALLY NEED TO FOCUS ON PROTECTING OUR INVESTMENT BEFORE THE TIME THAT'S DUE FOR A NEW BEACH RENOURISHMENT YOU'LL NEVER WE'LL NEVER BE ABLE TO CHASE THE INCREASE IN THE FUNDS AND KEEP AND KEEP UP WITH THE THE INCREASING CONSTRUCTION COST. I MEAN THIS STARTED UP OUR FIRST BEACH RENOURISHMENT 6 MILLION BUCKS WE'RE AT 47 MILLION BUCKS SO YOU KNOW EXTRAPOLATE THAT OVER OUT. WE NEED TO WE NEED TO LOOK AT AN INTERIM BEFORE OUR 6 TO 8 
          [01:20:01]
YEAR TEN YEAR CYCLE OF SOMEHOW RETAINING WHAT WE HAVE AND BRINGING THE MONEY FORWARD OR SPENDING THE MONEY THAT WE'VE ALREADY SAVED THE TIME TO DO SOME ARMORING AND DO SOME SOME GROWING WORK, GET SOME PERMITTING STARTED AND PROTECT OUR INVESTMENT AND THEN OUR NEXT BE TRUE NOURISHMENT MAY NOT BE THAT BAD IF WE'VE PROTECT OUR INVESTMENT BUT IF WE DON'T WE DO HAVE A STORM LIKE YOU SAID, THERE'S NO WE WE DIDN'T DO SOMETHING WE SHOULDN'T HAVE DONE AND AND I REALLY THINK WE NEED TO LOOK AT IT AS IT'S SO IMPORTANT. 
          SO BECAUSE THE COMPENSATION OF A STORM AND BEING ABLE TO AFFORD WHEN THOSE TYPES OF THINGS HAPPEN I JUST WANTED TO POINT OUT AND AND TO GIVE JOHN TOIA A LOT OF THE CREDIT WHO WORKED WITH COUNCIL WHEN WE HAD MATTHEW AND WE SURVIVED THAT WE SURVIVED IT IN A VERY HEALTHY WAY BECAUSE OF THE GOOD PLANNING THAT TOOK PLACE FINANCIALLY. 
          AND IF WE HAD STEVE, YOUR YOUR THOUGHTS IN TERMS OF HOW WE CONTINUE TO UPGRADE AND PROTECT OUR ASSET AND WILL EVEN BE IN BETTER SHAPE. BUT THE WORK THAT WAS DONE TO GET US THROUGH THAT STEP THAT STORM I JUST WANTED TO TAKE A MOMENT AND THANK JOHN BECAUSE CONVERSATION AROUND STORMS LIKE LET'S TAKE A MOMENT IN FOR YOUR MOST BUT FEW SLIDES BACK I THINK AS TROY WAS SHOWING A $36 MILLION RESERVE BALANCE AND DISASTER FUNDS. 
          OKAY. AND I KNOW A FEW YEARS BACK WE WENT THROUGH AN EXERCISE TO ASK OURSELVES THE QUESTION IS THAT RELATIVE TO TODAY I THINK WE MIGHT NEED TO CONSIDER IT AGAIN AS WE MOVE INTO NEXT FISCAL YEAR THE CONDITIONS HAVE CHANGED. 
          MR. ORLANDO YOU MENTIONED THAT YOU GOT A CLOSE EYE ON FEMA. YOU KNOW, WE HEAVILY RELY ON FEMA REIMBURSEMENT NOT JUST FOR SAND. I MEAN WE GOT A LOT OF TREES YOU AND WITH THE STORM WATER SITUATION BEING DIFFERENT THAN IT WAS DURING MATTHEW WITH MORE STANDING WATER WE MAY HAVE MORE TREES DOWN THAN WE DID LAST TIME. 
          THAT'S A HUGE EXPENSE TO THE TOWN FOR THAT CLEANUP. SO I I JUST THINK IS IT'S IMPORTANT FOR US TO TAKE ANOTHER LOOK AT THAT MOVING FORWARD. 
          OBVIOUSLY AND PREDICTED NUMBER ONE WE PROBABLY WON'T BE ABLE TO SAVE UP TO THAT NUMBER BUT AT LEAST HAVING THE CASH ON HAND TO KEEP OPERATING AS WE WAIT FOR REIMBURSEMENT AND ALSO HAVE THE BONDING CAPACITY BECAUSE THAT'S ONE OF THE THINGS THAT WAS A SAVE HOLE LAST TIME WAS WE HAD A BONDING CAPACITY TO GO GET MONEY SO WE CAN GET THINGS BACK ON THE BUSINESS SO WE CAN GET OUR ECONOMY GOING AGAIN. I THINK THAT'S THE BIGGEST PIECE OF THIS IS I THINK STANDPOINT THAT'S ONE THING BECAUSE SOME OF THE TREES YOU CAN STILL TELL WHAT HAPPENED DURING THAT YOUR ECONOMY CAME BACK SO QUICKLY AS WHERE OUR FOCUS NEEDS TO BE HAVE A DISCUSSION AROUND IF IT'S 36 MILLION OR NOT THAT'S A GOOD THING I, I, I HATE TO MENTION THIS AS AN EXAMPLE BUT IF YOU TALK TO FOLKS IN WESTERN NORTH CAROLINA ABOUT THEIR EXPERIENCE ,THE IMPACT ON BUSINESSES AND LIVES AND HOW LONG IT'S GOING TO TAKE TO RECOVER AND HOW MUCH I THINK IT COULD AT LEAST BE SOME EDUCATION ON OUR PART TO TAKE A LOOK AT WHAT HAPPENED IN THE STRUGGLE AND WHAT'S BEING DONE JUST AHEAD. 
          THIS IS ALL GREAT AS A AS A TOWN MANAGER AND KNOWING THAT WE HAVE SUCH STRONG CASH, I WOULD SAY FUND BALANCE POSITION BUT TO HEAR TOWN COUNCIL SAY PUT MORE AWAY PUT MORE AWAY BUT ALSO BALANCE THAT WITH SOME OF OUR QUALITY OF LIFE PROJECTS INCLUDING FIRE RESCUE I WILL SAY AND IT'S IMPORTANT WE JUST PAY ATTENTION TO THAT FAR RIGHT CALL THEM THOSE THOSE HAVE INCREASED DRAMATICALLY OVER THE LAST YEAR. RIGHT. 
          WE WENT TO THE 23.9 AS A PERCENT OF BUDGET. RIGHT. 
          WE CAN WE CAN ADJUST THAT IN THE NEXT BUDGET AS WELL UPWARD WE WENT FROM 12 MILLION MINIMUM I WOULD SAY MAXIMUM AND THE BEACH PRESERVATION FUND ACCOUNT TO A 20 MILLION EXPECTATION AND YOU SEE WHAT THE BALANCE IS IN THE MIDDLE COLUMN AND THEN THE DISASTER WE'VE CARRIED 20 FOR A LONG TIME AND JUST THIS YEAR WE INCREASED THAT TO 36. BUT YOU CAN SEE UP THERE THE CURRENT BALANCE ALREADY IS 37.5. MR. TROYER NOT TO PUT YOU ON 
          [01:25:05]
THE SPOT YESTERDAY YOU ANNOUNCED THAT THE FINANCE ADMINISTRATIVE COMMITTEE AS WE WERE CLOSING AS WE ARE AS YOU ARE CLOSING OUT FLIGHT 25 BUDGET, THE UNDERSPEND AND SALARY AND WHATNOT UNDER OVER PROJECT WHAT DID YOU ADD TO FUND BALANCE RESERVE YESTERDAY I WAS AN ANNOUNCEMENT AS THE YOU ANNOUNCED IT AND WE TALKED ABOUT PUTTING IN ADDITIONAL 12 MILLION INTO THE GENERAL FUND FUND BALANCE AND THAT INCLUDES THE A TAX SETTLEMENT BUT IT'S 5 MILLION SO SUBTRACT FIVE FROM THAT. SO WE'RE VERY CONSERVATIVE HERE . I JUST I JUST I APPRECIATE THIS BECAUSE WALK IN THE ROOM I'M ALWAYS NERVOUS SO I DON'T WANT TO JUST SAY HEY, LET'S GO SPEND SPEND. 
          RIGHT. AND YOU KNOW THAT ABOUT ME IT'S VERY HEALTHY TO HEAR THAT COLLECTIVELY FROM Y'ALL WHICH OKAY JUST A PICTURE OF OUR DEBT OUTSTANDING. 
          YOU CAN SEE FROM 2018 A CONSISTENT DECREASE IN OUR OUTSTANDING DEBT OUTSTANDING AND EVEN 2025 EVEN WITH OUR FIRE RESCUE LEASE. OUR NUMBER OUR NUMBER WILL REDUCE IN 2025 AS WELL SO WE CAN FEEL GOOD ABOUT THAT THAT SERVICE FUNDS ACCUMULATED AS A SOURCE. ONE OF THE THINGS THAT WE TALKED ABOUT A LITTLE BIT IS WHAT'S AN APPROPRIATE LEVEL FOR OUR DEBT SERVICE AND FUND BALANCE AND IN LOOKING AT THAT OUR CURRENT RESERVE IS MORE THAN WHAT WE'RE THINKING WOULD BE A NECESSARY RESERVE AND SO THAT'S AN OPPORTUNITY IF COUNCIL WERE TO CHOOSE TO DEPLOY SOME CASH FUNDS JUST FROM A LEGAL PROCEDURE RULE METHOD ITS IMPACTS AS DEBT SERVICE AND SO IN ORDER TO USE IT IT WOULD NEED TO BE DEPLOYED AS TO PAYMENT OF THAT AND SO YOU WOULD BORROW BUT YOU COULD PAY IT BACK VERY QUICKLY AND BE ABLE TO INCLUDE THIS OR SOME OF THIS IN A SIP SOLUTION AND IT WOULD STILL SERVE THE PURPOSE THAT IT'S BEEN PLANNED FOR WITH THE PUBLIC ALL ALONG AND SO ON AND I WOULD SUGGEST AND THAT'S JUST A SUGGESTION AND YOU CAN CONSIDER THAT IN THAT NEXT YEAR'S BUDGET PROCESS IS LET'S GO AHEAD AND PUT A MINIMUM DEBT SERVICE FUND BALANCE OF TWO AND A HALF MILLION. AND I THINK THAT'S THAT'S A NUMBER THAT WOULD I THINK WOULD BE A GOOD START. AND SO 14.2 MORE THAN 22 AND A HALF AT LEAST TO KEEP A MINIMUM THERE AND WHATEVER COUNSEL MAY CHOOSE, IT'S SOMETHING TO LOOK AT. BUT THIS WOULD BE ONE OF THE LEVERS THAT TOWN COUNCIL COULD DEPLOY IF THEY WERE TO CHOOSE TO OBLIGATION FUNDING STRATEGIES. 
          AND SO WE LOOKED AT OUR OUR DEBT SERVICE CAPACITY, OUR OUR ABILITY OUR CAPACITY TO MAKE PAYMENTS. AND SO THERE'S ABOUT TWO MILLS WORTH IN OUR CURRENT 5.1 MILLAGE IN OUR DEBT SERVICE MILLAGE. AND SO WE LOOKED AT A COUPLE OF DIFFERENT SCENARIOS, SEVERAL DIFFERENT SCENARIOS. WHAT WOULD THAT PROVIDE IF TOWN COUNCIL WANTED TO DEPLOY SOME OF THAT? IF WE WANTED TO TAKE ONE YEAR'S WORTH OR FIVE YEARS WORTH OF TEN YEARS WORTH, WHAT WOULD THAT LOOK LIKE? AND THAT WOULD BE DEPLOYED IN A SIMILAR WAY AND SO COUNCIL COULD CHOOSE TO ISSUE DEBT AND THEN THE PAYMENTS WOULD BE SUPPORTED BY THIS DEBT SERVICE MILLAGE THAT'S ALREADY IN PLACE. IT'S 5.1 AND SO THE EXPECTATION WOULD BE TO CONTINUE AT THE SAME TAX RATE AND TOWN COUNCIL COULD CHOOSE DO WE WANT TO PAY THAT BACK OVER ONE YEAR AND THAT'S A STOP AND DO WE WANT TO PAY TAKE IT OVER FIVE YEARS OR DIFFERENT NUMBER OF YEARS AND AND ALL OF THOSE WOULD BE CHOICES THAT TOWN COUNCIL CAN MAKE DEPENDING ON THEIR APPETITE FOR DEBT AND THEIR CHOICES ON PAYBACKS. AND SO WHAT WE'RE TRYING TO GET TO IS IS TO SAY OKAY, OUR TIMELINE WOULD BE A LITTLE BIT AFTER THE BEACH BONDS IF TOWN COUNCIL WERE TO GO DOWN THIS ROUTE AND OUR THOUGHT WOULD BE TO CLOSE BEFORE JUNE 30TH. 
          SO THAT'S NO I'M BEFORE WE FINISH THE FISCAL YEAR SO JOHN, I JUST IF YOU BACK UP A LITTLE BIT TO DOES THAT MAKE SENSE FOR EVERYBODY WE I'M NOT I WANT TO PAUSE TOO LONG IF WE DON'T NEED TO WHEN WE ADOPTED THE BUDGET THIS YEAR WE ADOPTED A CONSOLIDATED WE ADOPTED A CONSOLIDATED BUDGET THAT HAS SIX FUNDS IN IT. RIGHT. 
          WELL YOU'RE NOT SEEING UP HERE AS ANY ASSESSMENT OF CAPACITY IN OUR GENERAL FUND. 
          WE ARE NOT PRESENTING THAT TO YOU. WE ARE SIMPLY BRINGING BACK TO YOU WHAT WE SAID WE WOULD AT BUDGET ADOPTION FIRST READING SECOND READING WORKSHOP DISCUSSIONS INCLUDED WHERE WE SAID WE ARE SETTING THE MILLAGE IN THE DEBT SERVICE FUND 
          [01:30:06]
OF 5.1. HOWEVER WE DON'T NEED THAT ENTIRE AMOUNT AND WE ALSO REALIZE WITH A STRONG REALLY DEEP DOVE ASSESSMENT THAT WE PAID SO MUCH DEBT OFF WE NOW HAVE MILLAGE RATE, WE HAVE MILLAGE THAT'S ACCRUING. YOU HAD A CHOICE TO MAKE REDUCE THE MILLAGE WE REDUCED TO MILLS OUT OF THE GENERAL FUND BUT WE DIDN'T YOU DIDN'T REDUCE ANY MILLAGE IN THE DEBT SO INSTEAD WHAT YOU SAID IS BRING THIS BACK TO US AND LET'S LOOK AT THAT TWO MILLS BUT THEN ALSO LOOK AT THE VALUE OF THE OF THE CASH OR THE OR THE RESERVE THAT'S IN THERE. WE TALKED AS WE TALKED COLLECTIVELY WE TALKED UTILIZING THAT RESERVE POTENTIALLY FOR SOME LAND ACQUISITION AND THEN WE ALSO TALKED ABOUT THAT MILLAGE OVER A ONE YEAR TERM WE HAVE TO BORROW THE MONEY OUT BECAUSE THAT'S HOW IT WAS ACCRUED. I THINK THAT'S A SIMPLE WAY TO EXPLAIN IT. 
          WE HAVE TO BORROW THE MONEY OUT OF THAT MILLAGE BECAUSE THAT'S HOW IT WAS ACCRUED IN THAT MILLAGE. BUT WHILE WE'RE DOING IT WE HAVE TO YOU HAVE TO MAKE A DECISION WHETHER WHAT YOU'RE DOING WITH THAT EXCESS MILL CAPACITY ARE YOU BORROWING JUST ONE YEAR AND ARGUABLY PUSHING THAT TO NEXT FISCAL TO DECIDE OR ARE YOU GOING TO CONSIDER A FIVE, TEN, 15 WHATEVER YEAR WHILE WE'RE THINKING OF TOWN HALL FIRE RESCUE AND SOME OF THE LAND ACQUISITION AND SOME OF THAT OTHER PORTFOLIO STACK OF DOLLAR SO THAT'S WHAT THE NEXT SLIDE SHOULD TELL YOU OR HELP YOU THINK THROUGH. SO IT'S IT'S INTERESTING AS I SAT AND THOUGHT ABOUT HOW DID WE GET TO THIS PLACE WHERE WE HAVE ALL THIS FUND BALANCE? A COUPLE OF ITEMS CAME UP TO ME OUR DEBT PAYMENTS HAVE BEEN DECREASING AS WE ARE PAYING OFF DEBT AND WE HAVEN'T OFFSET THE MILLAGE IN RELATIONSHIP TO THAT AND ON A POSITIVE OUR PROPERTY TAX VALUES CONTINUE TO GO UP AND SO SINCE IT'S MILLAGE AGAINST THE YOUR ASSESSMENT WE'RE ABLE TO COLLECT MORE MONEY AS WELL. SO THAT'S HOW WE ACCUMULATE A BALANCE AND IT'S INTERESTING THAT WE HAVE A BALANCE IN THERE BUT THE WAY THIS WORKS UNLIKE BUSINESS IS THAT WE COLLECTED THIS MONEY SAME WE'RE USING IT FOR DEBT SO THE ONLY WAY WE CAN ACCESS THAT BALANCE IS TO ISSUE DEBT. I KNOW IT SOUNDS FUNNY BUT THAT'S THAT'S THE WAY THIS WORKS IN GOVERNMENT SO I WANT ACCESS TO IT. 
          WE'VE GOT TO ACTUALLY PUT A BOND OUT SO THAT WE CAN CAPTURE IT AND THAT'S IMPORTANT BECAUSE THAT'S WHY WE SAID WE WERE COLLECTING THE MONEY AND SO WE NEED TO LIVE INTO THAT. 
          SO SO YOU HAVE THAT PIECE THAT YOU'VE TALKED ABOUT THAT WE CAN ACCESS AND THEN THERE IS THE TWO MILLS THAT ON AN ONGOING BASIS THAT WE DON'T NECESSARILY NEED TO COVER OUR CURRENT DEBT. 
          AND IF I LOOK AT THE ASSESSED VALUE LOOKS LIKE TWO MILLS IS PROBABLY ABOUT $2.4 MILLION A YEAR THAT WE ARE WE WILL CONTINUE TO COLLECT IN EXCESS AND BUILD THAT MONEY UP. 
          SO SO THEN IT BECOMES A QUESTION OF LIKE YOU SAID IF WE WANT TO CONTINUE TO COLLECT THAT MONEY AND APPLY IT TO DEBT AND SO THE NUMBERS ON H WITH THE PAYBACK PERIODS THAT'S STRICTLY FOR THE TWO MILLS AND THEN YOU COULD ADD BACK ON TOP OF THAT THE FUN BALANCE THAT YOU DID IS ALREADY SITTING OUT THERE AS WELL. SO YOU'VE GOT TWO PIECES THAT YOU CAN PULL TOGETHER MONEY. THANK YOU. AND THE TOWN COUNCIL DIRECT HOW THOSE FUNDS ARE SPENT AS WELL SO AND OUR VERY CAPABLE JOHN MCGOWEN WILL TAKE THE NEXT SLIDES ON BEFORE YOU DOVE IN WHAT IS JUST LET'S SAY AS REMINDER ON TOP OF THIS WHAT IS THAT CASH NUMBER YOU WE COULD WE WILL PULL OUT IN THE END THE RESERVE IS AT 13 MILLION OR 11.7 1.7 SOMEWHERE IN THAT RANGE AND SO WE KEEP THE 2.5 MILLION IN RESERVE NOW. 
          YES AGREE SO YEAH AND SOME OF WHAT I'M GOING TO TALK ABOUT LINDY'S BROUGHT UP SO THAT'S GREAT AND YOU KNOW WE'RE DIGGING IN A LITTLE DEEPER INTO THE DEBT SERVICE MILLAGE TO PAY FOR CAPITAL PROJECTS AS WE ALL KNOW DEBT SERVICE MILLAGE CAN ONLY BE USED TO PAY FOR DEBT SERVICE ON GENERAL OBLIGATION BONDS. AND JUST TO SOLIDIFY SOME NUMBERS HERE YES TO 5.1 MILLS THIS YEAR A MILL IS EQUAL TO ABOUT 1.33 MILLION IN PROPERTY TAX COLLECTIONS. SO IF WE DO THE SIMPLE MATH ONE MILL AT THREE 1.33 MILLION TIMES 5.1 MILLS GIVES US ABOUT 6.8 MILLION AND I HATE TO CONTRADICT MY BOSS HERE BUT WE DID LOWER OUR DEBT SERVICE LAST YEAR. NOW FROM 5.5 TO 5.18 IN 
          [01:35:03]
ADDITION TO THE LOWERING OF THE OPERATING MILLAGE. SO MOST OF THE 5.1 MILLAGE WILL GO TO THE TWO EXISTING GAUDET ABOUT THREE PRETTY MUCH THREE OF THOSE 5.1 MILLS AND THE REST WE CAN USE FOR ADDITIONAL DEBT SERVICE. SO ON TO THE SCENARIOS AND WE ASKED OUR FINANCIAL ADVISOR FIRST TRYING TO TO RUN THESE SCENARIOS OBVIOUSLY ONE FIVE, TEN, 15, 20, 25 YEARS AND WE'RE BASICALLY ASKING THE QUESTION HOW MANY DOLLARS IN BOND PROCEEDS COULD WE RECEIVE IF WE ISSUE BONDS WITH PAYBACK PERIODS OF THESE NUMBER OF YEARS? YES, VERY CONSERVATIVE ASSUMPTIONS ON THE VALUE OF A MILL. WE'RE ASSUMING THE VALUE OF NO STAYS THE SAME. 
          THAT'S NOT USUALLY THE CASE. I THINK THERE MAY HAVE BEEN A CASE OR TWO IN PAST YEARS WHERE OUR ASSESSED VALUE THUS OUR MILL VALUE OF THE MILL HAS BEEN LOWERED. 
          BUT THOSE ARE RARE EXCEPTIONS. THIS YEAR OUR MILL VALUE WENT UP OVER 5% SO THAT'S A FANTASTIC YEAR. WE'RE NOT EXPECTING THAT SO WE'RE KEEPING THINGS FLAT AND THAT ASSUMPTION THE INTEREST RATES ARE HIGHER THAN THE MARKET RIGHT NOW. 
          THEN AGAIN WE'RE NOT SELLING TODAY SO WE DON'T KNOW YOU KNOW WHAT IT WOULD BE WHEN WE'RE SELLING BONDS IF AND WHEN WE SOLD BONDS. SO IF USE WE USE 15 YEARS AS AN EXAMPLE WE KNOW WE CAN BORROW APPROXIMATELY $30 MILLION WITH TWO MILLS AND PAY IT BACK IN 15 YEARS AND THEN WAS STILL LEAVE US PLENTY OF CAPACITY GIVEN LIKELY INCREASES AND DEBT THAT ROLL OFF DEBT MATURITY TO ISSUE ADDITIONAL DEBT WITHIN A COUPLE OF YEARS TO GO THROUGH THE NEXT SLIDE THE PROPOSED SCHEDULE OF POSSIBLE GENERAL OBLIGATION BONDS NOW WE HAVE A COMMITTEE ON 30TH WHERE WE WOULD REVIEW THE PLAN OF FINANCE AND THE DRAFT ORDINANCE IS A TOWN COUNCIL MEETING THAT FOLLOWING WEEK WHERE WE DID THE FIRST READING. 
          SECOND READING WOULD BE AT THE NEXT COUNCIL MEETING IN DECEMBER. 
          THERE'S A LOT GOING ON IN THE BACKGROUND RELATING TO PUBLISHING NOTICE OF SALES, MEETING WITH THE RATING AGENCIES ETC. BUT WE WOULD LOOK AT A CLOSING OF LATE FEBRUARY AND AS OTHERS HAVE MENTIONED HAVE THAT FIRST PRINCIPAL PAYMENT PRINCIPAL AND INTEREST PAYMENT PRETTY PRETTY QUICKLY BY MUNICIPAL BOND STANDARDS A LITTLE OVER TWO MONTHS AFTER THE CLOSE AND WE WOULD USE ROUGHLY 1.7 MILLION OF THAT ACCUMULATED DEBT SERVICE FUND BALANCE TO PAY A BIG CHUNK OF THAT OFF RIGHT AWAY. AND THAT 2.2 MILLS WHICH EQUALS ABOUT 4.6 MILLION EXCUSE ME 2.6 MILLION TO COVER SOME OF THAT DEBT SERVICE AS WELL. 
          WE COULD DO THAT AS ONE YEAR BORROWING THAT COULD BE THE FIRST YEAR OF A MULTI YEAR ARE GOING. ALL RIGHT ON TO OTHER POTENTIAL SOURCES I'M SORRY WE CAN JUST PAUSE BACK AND YOU WANT TO I WANTED TO TALK ABOUT THE TIMELINE SO THE TIMELINE IS COMING UP PRETTY FAST. SO OCTOBER DISCUSSION AND I'M JUST THINKING IN MY OWN MIND WHAT WOULD I WANT TO SEE IN ORDER TO I'D IF I WOULD WANT TO HAVE MORE DEBT AND SO I WOULD ASK YOU WHAT WOULD YOU HAVE PREPARED FOR US AT THAT MEETING AND TAKE YOUR TAKEAWAYS FROM TODAY BEFORE WE LEAVE, I'M GOING TO ASK YOU ONCE AGAIN WHAT YOUR APPETITE IS, WHAT YOUR WHAT WOULD YOUR TOLERANCE IS FOR THE LENGTH OF BORROW THEN I'LL KNOW WHAT TO PREPARE. 
          I BELIEVE THAT I'VE HEARD FACILITIES TOWN HALL FIRE RESCUE AND LAND I WOULD PREPARE A STRATEGY BASED UPON THE AMOUNT OF BORROWED DOLLARS ON AN ADDITIONAL WHAT WOULD YOU OWE ME SO WE WOULD CLEAR WHAT WE'RE TALKING ABOUT HERE. I UNDERSTAND THIS TIMELINE TO BE ASSOCIATED WITH OUR ABILITY TO BORROW AGAINST THE FUND BALANCE RIGHT IS THIS CONVERSATION ABOUT THE CONTINUAL OF THE 2.5 MILL THAT IS STILL IN CAPACITY? A BIGGER CONVERSATION ABOUT A LONGER AM I CORRECT THAT THE TWO CONVERSATIONS THAT WE'RE LOOKING TO HAVE OR BECAUSE IT SEEMS TO ME ON THE HAVE THE BIGGER CONVERSATION IS SORT OF AGGRESSIVE OKAY SO I'M SWIMMING SO WE GET CLEAR WE DID SOME TALKING ABOUT TWO DIFFERENT THINGS THAT GREAT I'LL AT A NO I'M NOT DISAGREEING IS IS TO ME IT'S THE SAME THING IT'S MILLAGE AND IT'S CASH IN THE IN THE DEBT WE CAN SPLIT IT IN TWO WAYS 
          [01:40:03]
BECAUSE WE NEED SOME MORE TIME TO THINK THROUGH IT. ABSOLUTELY. 
          BUT AT THE VERY LEAST WE NEED TO PLEDGE AT LEAST TWO MILLS OF REVENUE PRIOR TO NEXT OR PRIOR TO THE END OF THIS FISCAL YEAR. RIGHT. 
          AND SO IT SEEMS QUICK THIS AUGUST WITH NEW MONEY, NEW BUDGET, JULY ONE IT JUST IT GOES FAST IN THAT SENSE IN TERMS OF SCHEDULING BUT WE NEED WE NEED TWO ANSWERS. 
          ONE, WE HAVE TO TAKE THE DOLLARS OUT OF THE CASH RESERVE CALL IT WHAT YOU WILL WE HAVE TO PLEDGE AT LEAST ONE YEAR OF THAT MILLAGE TO JUSTIFY THE 5.1 MILLS AND YOU CAN DO THAT FOR ONE YEAR SO THAT WHEN DO FOR ACCOUNTING UNDERSTANDS HOW WE'RE USING THE MONEY IT'S PLEDGED PROPERLY RIGHT? WE'RE COLLECTING FOR A SPECIFIC PURPOSE AS WE PLEDGED AND IF IN SOME OF THESE OTHER PROJECTS TAKE A LITTLE LONGER OUTSIDE OF THAT SCHEDULE WE CAN SPLIT IT THAT WAY. SO TO THAT POINT ON 1030, WOULD YOU BE PREPARED TO GIVE US THE BIG LIST? YES, I WILL BE AND YOU CAN DECIDE AT THE TIME WHETHER THAT THAT'S THAT'S YOUR TOLERANCE TODAY OR SPLIT THAT IN HALF ■AND DEAL WITH WITH THE YEAR ONE. 
          AND I WOULD ALSO ASK YOU TO GIVE ME SOME GUIDANCE SINCE WE'RE ALL SITTING IN THE ROOM HERE TO KNOW WHAT TO DO WITH I'M STRONGLY IN FAVOR OF MOVING AHEAD PROMPTLY AND IN A RELATIVELY EXPEDITIOUSLY AND WITH REGARD TO THE DEALING WITH THE 5.1 MILLION PROBLEM BUT IN TERMS OF THE OF THE OVERALL APPROACH, I'M ALSO VERY MUCH IN FAVOR OF MOVING FORWARD WITH CONSIDERATION OF ADDITIONAL BORROWING AS WELL AND FROM MY POINT OF VIEW THE CONSERVATIVE APPROACH FOR MUNICIPALITY BORROWING FROM THIS HOURLY IS TO KEEP THE CASH AS MUCH CASH ON HAND AS AS YOU CAN BECAUSE YOU DON'T KNOW WHAT'S COMING ALONG IN THE FUTURE OF THE CASH AVAILABLE YOU CAN DEAL WITH IT. YOU HAVE USED YOUR CASH FOR THE PRESENT TIME INSTEAD OF BORROWING AND A PROBLEM COMES ALONG THEN YOU'VE GOT TO BORROW RIGHT. 
          NOW WE HAVE A VERY GOOD RATING WHO KNOWS WHAT RATINGS WILL BE IN POTENTIALLY VERY DIFFERENT CIRCUMSTANCES. SO FROM MY PERSPECTIVE THE MOST CONSERVATIVE APPROACH IS TO USE AS MUCH BORROWING AS YOU CAN KEEP AS MUCH CASH ON HAND THERE ARE OBVIOUSLY SOME ECONOMIC ASPECTS SUCH AS INTEREST RATES HOW MUCH ARE YOU GOING TO PAY TO BORROW? THE MONEY IN THE CASE IS PRETTY LOW. WHAT'S THE INTEREST RATE ON RETURN ON THE CASH THAT WE HAVE ? IT'S MUCH HIGHER RIGHT NOW AS I UNDERSTAND AS YOU ALSO IS ANOTHER FACTOR TO KEEP YOUR CASH ON HAND AND BORROW THE MONEY HONESTLY WHAT'S WHO'S THE GROUP OF TAXPAYERS THAT'S PAYING FOR THE IMPROVEMENTS AND TO DO THE DEALING WITH WITH MAJOR IMPROVEMENTS IF YOU USE YOUR CASH NOW IT MEANS PEOPLE UP TO THIS POINT ARE USING WE'RE USING THEIR MONEY TO PAY OUR IMPROVEMENT IS GOING TO BE NOT GETTING ANY BENEFIT ON AS IT COMES IN THE FUTURE WHEN YOU BORROW THE MONEY IS BEING PAID FOR OVER TIME BY THE PEOPLE WHO ARE USING IT THERE ARE A NUMBER OF FACTORS IN MY MIND THAT SUGGEST WE OUGHT TO SHOOT FOR AS MUCH BORROWING AS REASONABLY CAN AND THAT'S SIMILAR TO THE FEEDBACK FROM LOOKING FOR. SO THAT'S HELPFUL AS JUST A MATTER OF PEOPLE. 
          OKAY. ONTO ANOTHER SOURCE OF CAPITAL PROJECT FUNDING IS IS TIFF'S EXIT FINANCING ON THE ROOM ARE PROBABLY FAMILIAR WITH JUST BECAUSE WE HAVE ONE ON THE ISLAND IT'S THE PROCESS OF CLOSING. WE'LL TALK ABOUT ITS SUCCESSES HERE IN A COUPLE OF MINUTES. BUT I JUST WANT TO REVIEW WHAT FIFTH DISTRICT IS AND HOW IT WORKS. SOUTH CAROLINA GIVES TOWNS AND CITIES AND COUNTIES THE ABILITY TO DESIGNATE A SPECIFIC GEOGRAPHIC AREA AS A TICK DISTRICT. 
          I'LL JUST NOTE THAT A SUCCESSFUL TO HAVE DEPENDS ON COOPERATION FROM PARTNER DISTRICTS OVERLAPPING DISTRICTS IN OUR CASE THAT WOULD BE YOU FOR COUNTY VIEW FOR COUNTY SCHOOLS AND THAT WOULD OVERLAP THE NOTICES AS DRAWN THE PROPERTY VALUES WITHIN THE TIFF DISTRICT ARE FROZEN AS THE VALUES AT THE TIME OF THE FORMING OF THE TIFF SO LET'S ASSUME IF WE WERE TO DO IT IF WE PERFORM IN FISCAL YEAR 27 ALL THE TASKING DISTRICTS WOULD CONTINUE TO RECEIVE THE PROPERTY TAX REVENUES BASED ON THE FROZEN FISCAL YEAR 27 VALUES THROUGHOUT THE LIFE OF A TIFF AND THEN ANY INCREMENTAL PROPERTY TAX VALUE INCREASES 
          [01:45:04]
ABOVE AND BEYOND THAT FROZEN VALUE ARE USED TO PAY FOR PUBLIC IMPROVEMENTS AND OF THIS THINGS GO AS PLANNED THESE PUBLIC IMPROVEMENTS WOULD STIMULATE PRIVATE INVESTMENTS AND PROPERTY VALUES AN INCREASE IN PROPERTY TAX COLLECTION SHOULD INCREASE IN MOST CASES. 
          TIFF AS TIPS ARE FORMED TIFF BONDS ARE ISSUED ON THE PROCEEDS FROM THE TIFF BONDS ARE USED TO PAY FOR THE CAPITAL PROJECTS AND THAT IS THOSE INCREMENTAL REVENUES COME IN ON AN ANNUAL BASIS THAT'S USED TO PAY BACK THE BONDS IF THERE'S ANY ADDITIONAL FUNDS AVAILABLE OVER AND ABOVE THE USUALLY IS THE DEBT SERVICE PAYMENT THAT CAN BE USED DIRECTLY TO PAY FOR CAPITAL PROJECTS. THAT'S RIGHT. YEAH. 
          I THINK REALLY I JUST KIND OF SUMMARIZE WHAT'S ON THE NEXT COUPLE OF PAGES WE'LL GO TO THE OF OUR ARTISTS ON THE ISLAND. THIS TIFF IS IN THE PROCESS OF OF CLOSING IT WAS A 25 YEAR TIFF AND I'M RELATIVELY NEW HERE TO THE ISLAND BUT FROM WHAT I UNDERSTAND THE ENTIRE USC CAMPUS LOW COUNTRY CELEBRATION PARK ALL OF THE COLONY BEACH AREA RELATED IMPROVEMENTS MATTHEWS DRIVE WIDENING AND MULTIPLE LAND ACQUISITIONS THAT WERE USED FOR VARIOUS PROJECTS INCLUDING PARKS AND BEACH PARKING ALL WERE PAID FOR WITH THE TESTS WE HAD GREAT FROM THE COUNTY AND THE SCHOOL DISTRICT AND THE BSD AS WELL THE WAY SO NO ADDITIONAL FUNDS ARE BEING COLLECTED THAT ENDED IN JUNE OF 25 WE DID HAVE A FINAL BOND PAYMENT ON JAN ON JUNE ONE SO THE BONDS ARE RETIRED AND WE DO HAVE AN OUTSTANDING BALANCE THAT WE EXPECT TO EXPAND WITHIN THIS CALENDAR YEAR. THIS IS ALSO KIND OF REHASH WHAT YOU JUST TALKED ABOUT BUT THAT LAST BULLET POINT I THINK IS THE TAKEAWAY IS PROPERTY VALUES WITHIN THE DISTRICT IS INCREMENTAL PROPERTY TAXES PAY FOR THE CAPITAL PROJECTS WITHIN THE TERMS AND AS FAR AS A TIMELINE, THIS IS MORE OF A LIST OF CRITICAL EVENTS. 
          WE'VE TALKED WITH OUR BOND COUNCIL PERFORMING AND THEY ESTIMATE THAT A MINIMUM AMOUNT OF TIME REQUIRED HERE IS NINE MONTHS. THERE'S A LOT GOING ON. 
          WE NEED TO WORK WITH THE COUNTY. WE NEED TO WORK WITH THE OVERLAPPING DISTRICTS. WE LIKELY WOULD HAVE A TIFF CONSULTANT WOULD HELP US FORM THE DIFFERENT DRAW THE TIFF WE'D BE WORKING WITH OUR BOND COUNSEL AND OUR FINANCIAL ADVISOR ON A BOND ISSUE. SO AND THERE'S ALSO SOME PUBLIC PERIODS INCLUDING I THINK A 45 ONE DAYS LISTED THERE SO THAT ADDS TO THE TIME FRAME. SO REALISTICALLY IT'S FISCAL YEAR 27 WHEN THIS WOULD ADD ANOTHER SOURCE OF FUNDING WE'LL SPEND A COUPLE OF MINUTES ON IS GRANTS. WE HAVE A GOOD HISTORY OF RECEIVING GRANTS FROM VARIOUS SOURCES THESE ARE THIS PAGE IS LIMITED TO GRANTS USED CAPITAL PROJECTS WE'VE HAD A GOOD RELATIONSHIP WITH THE DEVELOPMENT BLOCK GRANT PROGRAM THROUGH HUD. 
          THOSE ARE THREE OF THE PARKS THAT WERE AT LEAST PARTIALLY FUNDED LAST YEAR VIA THAT PROGRAM WE ARE CASTING A WIDER NET STARTING IN FISCAL YEAR 25 ON SOME GRANTS WE DIDN'T NECESSARILY PURSUE IN THE PAST. WE HOPE TO SEE SOME FUNDING WITH THESE THE SENATOR LINDSEY GRAHAM EARMARK PROGRAM IS WE DID APPLY THE PRIOR YEAR WE WEREN'T SUCCESSFUL SO WE'VE GOT TWO PROPOSALS IN TO THAT PROGRAM THIS YEAR WE EXPECT TO HEAR SOMETHING BY SEPTEMBER OCTOBER . WE'RE NOT COUNTING THIS MONEY AT ALL BUT WE HAVE APPLIED FOR FOR A SIGNIFICANT AMOUNT OF FUNDS AND CERTAINLY THERE'S PLENTY OF TOWNS AND CITIES IN SOUTH CAROLINA WHO BENEFITED FROM THESE PROGRAMS THE WEXFORD PATHWAY PROJECT IS JUST RUNS PARALLEL THE 278 JUST SOUTH OF TOWN HALL HERE WILL RUN THERE. 
          WE ALREADY KNOW WE'RE GETTING A HALF MILLION DOLLARS IN IN FISCAL YEAR 26 AND WE EXPECT TO GET AT LEAST A HALF MILLION MORE IN FISCAL 27. THESE NUMBERS DO NOT INCLUDE ANY INTERRUPTING INTERGOVERNMENTAL AGREEMENT FUNDING. 
          THERE'S NOTHING HERE ON COUNTY GREENSPACE FUNDING OBVIOUSLY THAT'S A MAJOR SOURCE OF OF HELP ON LAND ACQUISITIONS AND NO FEMA MONEY IS COUNTED HERE AS WELL. 
          SO THAT'S KIND OF A REVIEW OF OUR OPTIONS AND ANY OTHER QUESTIONS OR COMMENTS? MR. BROWN YEAH. SO THERE'S A QUESTION FOR US ON THE INITIAL GRANTS GAP $12 MILLION THAT WE'RE GOING AFTER WITH THE GRAMS. SO I GUESS MY QUESTION IS I'M 
          [01:50:05]
TRYING TO UNDERSTAND THAT PROCESS SENT A NOTE AND SAY WE WANT SOME MONEY OR THAT WE HAVE PEOPLE UP THERE KNOCKING ON HIS DOOR ALL THE TIME SAYING DON'T FORGET ABOUT US AND DON'T COME TELL US SOME GOOD JOKES DOING THE CHAMBER STATE OF THE REGION DON'T HAVE PROBLEMS THEN. 
          YEAH IT'S IT'S A IT'S AN ANNUAL PROGRAM. I DON'T KNOW HOW FAR BACK IT GOES. LIKE I SAID, WE FIRST APPLIED TWO YEARS AGO. 
          IT TENDS TO THE ANNOUNCEMENTS TO OCCUR IN THE SPRING I THINK IT WAS APRIL OF THIS YEAR AND WE HAVE RELATIVELY SHORT PERIOD BUT WE KNEW IT WAS COMING SO WE HAD OUR TWO PROPOSALS PRETTY MUCH SET UP AND YEAH THERE'S A FORMAL FORMAL FORM ON THEIR WEBSITE TO FILL OUT. 
          WE WERE IN TOUCH WITH THEIR SENIOR WE GOT LETTERS OF ENDORSEMENT BY THE WAY FROM SEVERAL ELECTED OFFICIALS IN AND AROUND THE AREA. THANK YOU FOR YOUR HELP ON THAT. SO YEAH, WE INTEND TO APPLY ANNUALLY THEY LIST ON THEIR WEBSITE WHO HAS RECEIVED THOSE GRANTS IN THE PAST AND THERE'S SOME SERIOUS DOLLARS AWARDED TO CITIES AND VILLAGES AND TOWNS OVER ACROSS THE STATE IS THE OPPORTUNITY FOR US TO LEARN I DON'T KNOW IF THE CLIENT COMES BACK TO US AS TO WHAT WE DON'T DO. 
          WE HOPE IT'S A LETTER OF ACCEPTANCE BUT EITHER WAY YEAH IT'S PUBLIC INFORMATION OBVIOUSLY. HAPPY TO SHARE THAT WITH YOU. YEAH HOPEFULLY IF WE WEREN'T TO GET IT WE WOULD TALK TO THE STAFF AND TRY TO LEARN ON YOU KNOW FROM OUR SUBMISSIONS ON MAYBE WHAT WE CAN DO NEXT YEAR TO MAKE THIS THE MORE SUCCESSFUL OF COMPOSITE STAFF LOOK OUTSIDE OF THE BOX THIS IS IN THE HOPPER JUST WANTED TO TALK OUT LOUD ABOUT SOME OTHER POTENTIAL INFLUENCES BECAUSE THESE FOLKS THEY COME IN A LOT ABOUT HILTON HEAD WHEN HIS CAMPAIGN TIME BUT WE NEED TO SEE SOME DOLLARS COMING BACK WE AS WELL TO BE WITH THOSE ECONOMIC DRIVER THAN WE ARE SO AND A LITTLE BIT OF ADD TO THAT IS WE HAVE NOT EVER ALIGNED WITH ANY LOBBYISTS TO GO TALK WITH FOLKS. WE DO TALK WITH THEIR FOLKS THAT ARE LOCAL AND REGIONAL AND AT THE STATE LEVEL AS OFTEN AS WE CAN. 
          I THINK WE HAD A MEETING THE OTHER DAY THEY COME IN AND SEE OUR OUR GRANTS ADMINISTRATOR EXTRAORDINAIRE MICHELLE BUNCE AND SHE HAS TAKEN UPON HERSELF TO START CONNECTING IN COLUMBIA DIFFERENTLY AND BETTER AS WELL WITH THROUGH THROUGH THESE PROGRAMS DIFFERENTLY AND BETTER SO WE'RE USING THE CHANNELS THAT THEIR STAFFERS HAVE IN PLACE NOT OUTSIDE THOSE LINES YET THOUGH I WILL SAY THAT YOU KNOW AS WE TALK OTHER PROJECTS ONE ONE EXAMPLE IS WE'RE LOOKING FOR DOLLARS IN THE STATE TIME IN COLUMBIA HELPS AND SOMETIMES THAT'S PEOPLE SITTING AROUND THIS TABLE GETTING UP TO COLUMBIA AND YOU'LL YOU'LL SEE THAT FROM US. 
          IT'S NOT ON HERE AS WE'RE SEEKING EARMARK IN THE SOUTH BUDGET WHETHER THROUGH DOT OR OVERALL IN THE BUDGET WITH SENATOR DAVIS LOOKING FOR DOLLARS FOR THE WILLIAM MILTON PARKWAY CORRIDOR SO RELATIONSHIPS MATTER I UNDERSTAND THAT WE'VE BEEN SUCCESSFUL AT IT BUT I'LL TELL YOU I'M JUST I'M PLEASED BECAUSE WHEN WE'RE LOOKING AWAY WE HAVE A NEW PERSON NEWER PERSON THAT'S ON OUR STAFF THAT'S PUSHING ON THIS. 
          WE JUST HAVE NOT WORKED WITH ANY LOBBYISTS AT FEDERAL GOVERNMENT LEVEL AND MY OTHER COMMENT WAS AROUND ACTIVE DISTRICT DEFINITELY FAVOR OF US HAVING THAT CONVERSATION. 
          I THINK IT'S A GOOD OPPORTUNITY FOR US AS CLOSING OUT THE PASS TO THAT WE HAVE AT THE MEETING ON THAT WHEN WE LOOK AT THE ALLOCATION FUNDS BASED ON THE BOUNDARY LINES, YOU KNOW THERE'S SOME QUESTION ABOUT HOW EQUITABLE THAT WAS RIGHT? SO I JUST CHALLENGES THIS TIME AROUND TO BE CONSCIOUS OF THAT AND OBVIOUSLY WE HAVE HAD JUST AT THE PRESENTATION INFLUENTIAL INCREASES IN PROPERTY VALUES IN THE AREAS THAT WE INVESTED AND THAT IS THE WHOLE INTENT. 
          SO AS WE LOOK AT AREAS THAT HAVE BEEN LEFT BEHIND IN THE PAST AND KNOWING THAT WE'VE GOT SOME LARGER PROJECTS OUR PLATE THAT WE DON'T MAKE THE SAME STEP OR DETAIL ABOUT IT BUT I JUST WANT TO MAKE A VERY BROAD STATEMENT ON ATF AND GET READY TO HAVE DISCUSSIONS OTHER QUESTIONS COMMENTS FROM SPEAKER ACTUALLY MOST OF MINE WERE JUST ANSWERED. 
          HOWEVER I DO WANT PUT AN EMPHASIS ON THE FACT THAT WHENEVER A GRANT IS BEING WRITTEN OR WHEN THAT'S BEEN REJECTED ALWAYS GOOD TO CIRCLE BACK AND GET AS MUCH 
          [01:55:05]
INFORMATION AND FEEDBACK AS POSSIBLE TO CORRECT WHATEVER ERRORS. 
          SOMETIMES THERE ARE THE SIMPLEST THINGS THAT NEED TO BE CORRECTED AND SO I'M HAPPY TO HEAR THAT YOU'RE DOING THAT. AND ALSO I WANTED TO THANK OUR TOWN MANAGER STAFF ASSISTANT DEPUTY THOMAS FOR THEIR EFFORTS. I THINK THAT IN THE REGARD OF BUILDING THOSE RELATIONSHIPS IT BEHOOVES ALL OF US TOWN COUNCIL AS WELL AS YOU GUYS TO MAKE THOSE RELATIONSHIPS WE NOT NEED TO DEPEND ON ANYONE ELSE TO DO THAT FOR US AND I WANT TO MAKE SURE I MAKE THAT CLEAR. THANKS. THANK YOU, MISS PERSON. 
          YES? CAN YOU GO BACK TO THE CHIEF PROPOSED SCHEDULE FOR SO I THINK I HEARD YOU SAY BASED ON ALL THOSE DIFFERENT CLINICAL EVENTS OR STEPS THAT WE'D BE LOOKING AT FY 2027 OR FOR THOSE CERTAINLY A START IF IT'S A MINIMUM NINE MONTHS WE'RE REALLY REALISTICALLY LOOKING RIGHT NOW. YEAH. 
          YES, I UNDERSTAND THAT. SO SOMEWHERE IN THE PROCESS IS IDENTIFYING WHERE THE LOCATION WOULD BE AND WHAT KIND OF PROJECTS WE'RE LOOKING AT. WHICH STEP IS THAT IN THE CLINICAL EVENT LIST WHICH IS THE PREPARATION OF REDEVELOPMENT PLAN WHERE WE DEFINE THE AREA AND THE PROPOSED PROJECTS I WOULD SAY WOULD BE NUMBER ONE, RIGHT MARK NO, IT'S NUMBER ONE, YEAH. SO IN ORDER TO GET TO THAT PREPARATION WILL WE NOT NEED SOME INFORMATION AND SOME IDEAS US TO TALK ABOUT BEFORE WE GET TO STEP NUMBER ONE? AND SO WHAT IS THE TIMING THAT WE'RE THINKING ABOUT TO DO THAT AND THEN WHEN DOES THE TOWN COUNCIL NEED TO WEIGH IN ON WHERE WE THINK IT OUGHT TO BE AND KIND OF PROJECTS IT OUGHT TO BE, I'LL HELP WITH THAT. I WOULD SAY IF WE LOOK AT THIS IN PHASES AND BUCKETS EACH PRESERVATION RIGHT NOW THE GOAL DEBT MILLAGE NEXT AND THEN TIFF AFTER THAT I THINK THAT THE TIMING OF THIS HAS TO COINCIDE WITH YOUR CONSIDERATION OF THE WILLIAM HILTON PARKWAY CORRIDOR MASTER PLAN AND SOME OF THAT WORK THE PARTS OF THE ISLAND AND IN AREAS OF OF REVENUE THAT WE ARE NECESSARILY TALKING ABOUT TODAY. RIGHT I THINK WE SAID THE MAXIMUM CAPACITY OF TWO MILLS WAS $38 MILLION. IF WE'RE LOOKING AT FACILITIES, THERE'S MUCH LEFT OVER FOR FOR THIS WORK. SO I SAY REALISTIC LEE, THIS IS GETTING INTO THE END OF THIS FISCAL INTO NEXT FISCAL YEAR BEFORE WE START TRYING TO PUT THAT REDEVELOPMENT PLAN IN PLACE. I THINK BY THEN OF COURSE WE'LL HAVE THE WILLIAM MOUNTAIN PARKWAY CORRIDOR MASTER PLAN OR BE THROUGH SOME OF THIS PUBLIC POLICY THAT YOU'RE TALKING ABOUT LATELY WILL BE THROUGH HAVING THAT LAND MANAGEMENT ON YOUR DESK AND MOVING ON AND FORWARD. SO FROM YOUR CAPACITY IN MIND I THINK LATE FISCAL YEAR THIS AND AND OR EARLY FISCAL YEAR NEXT FROM A TIME STANDPOINT SO I'M GLAD THAT YOU SET OUT THAT SCHEDULE BECAUSE I LISTED THAT WE'RE LOOKING AT THREE FUNDING SOURCES FOR VARIOUS KIND OF PROJECTS BEACH PRESERVATION FUND WHICH OF COURSE WE NEED TO PAY FOR THE WORK THAT IS HAPPENING RIGHT NOW AND THEN THE DEBT SERVICE FUND IS THE NEXT BIT TO CHEW OFF AND FOR THAT WE NEED AN IDEA OF WHAT PROJECT WE'RE LOOKING AT AND SOME SORT OF GROSS ESTIMATE OF COST TO LOOK AT WHAT WE WANT TO BITE OFF AND IF THAT'S ACCEPTABLE. AND THEN LASTLY THE TIFF DISTRICT WOULD BE FUNDING AND THE ONLY OTHER QUESTION I'VE GOT IS THAT THE ONE THAT I MENTIONED EARLIER AND THAT IS IS THERE ANY BENEFIT TO HAVING AND I APOLOGIZE I DON'T REMEMBER THE EXACT OF BOND ISSUE THIS CALL BUT IT'S BASED ON DEDICATED REVENUE STREAMS WHERE YOU CAN MIX THEM TOGETHER TO GENERATE MORE FUNDS IN ORDER TO DO MORE PROJECTS AND ALL CAN THINK OF IS CALLING IT THE MIXED INCOME STREAM ISSUE. BUT IS THERE SOME BENEFIT AT LOOKING AT THAT BEFORE WE TAKE MAYBE THE DEBT SERVICE ONE STEP AND I DON'T WANT TO MIX IN STORMWATER, I WANT TO KEEP THOSE SEPARATE FOR NOW BUT JUST QUESTION BECAUSE ARE WE OVERLOOKING A POSSIBLE ANOTHER AVENUE OF LOOKING AT FUNDS FOR PROJECTS THAT ARE NEEDED OR WE THINK HAVE SOME PRIORITY? WE'D BE GLAD TO LOOK AT THAT AND THAT WOULD BE OUR CONVERSATIONS WITH THE FAA AND BOND COUNSEL. YES. AND WE'VE HAD SOME DISCUSSIONS 
          [02:00:03]
ALREADY AND I THINK EVEN BEFORE I GOT HERE, MARK YOU WERE HAVING DISCUSSIONS. 
          IT'S I THINK OUR SHORT TERM CONCLUSION WAS WE'RE BETTER OFF DOING IT IN THESE BIG PIECES AS IN GEO STORMWATER TIFF ET CETERA. BUT CERTAINLY WE CAN REVISIT IT. YOU KNOW, WE HAVE A NEW AS OF PROBABLY FIVE MONTHS AGO OR SO BUT IT HAVING TRIPLE-A FROM THREE AGENCIES AND THE HIGH FEES ON OUR SPECIAL REVENUE BONDS USUALLY WE DON'T AS RATED THAT HIGHLY DON'T HAVE TO GO THAT ROUTE RIGHT I'M NOT MISTAKEN WHEN WE WHEN WE MET WITH FRANNIE AND TEAM IT ACTUALLY CAME WITH A HIGHER COST ON AN INTEREST RATE. IT HAS SOME DIFFERENT CAVEATS TO IT SO YEAH AND THERE'S A THERE'S AN ANNUAL APPROPRIATION WHICH NUMBER ONE IS FUTURE TOWN COUNCIL COULD DECIDE NOT TO APPROPRIATE SO MAKES THE BONDS MORE RISKY SO THAT MEANS YOU CAN PAY A HIGH INTEREST RATE AND OUT OF TWO ON A PROPERTY IT'S A IT'S A DIFFERENT VARIOUS REVENUE BANDS AND IN ESTABLISHING THAT IS A LOT MORE COMPLICATED THAN THIS YOU HAVE TO ESTABLISH A NONPROFIT THE NONPROFIT YOU KNOW TRANSFERS THROUGH INTO THAT THOSE DOLLARS AND SO AS WE STARTED LOOKING AT THE COST, THE COMPLEXITY AND OUR ABILITY TO SIMPLY BORROW THE FUNDS TARGETED TOWARDS OUR PRIORITIES AND ALIGN IT THAT WAY WE WE DIDN'T WE DIDN'T PUSH TOO MUCH FURTHER ON THAT LAST WE CAN DUSTED OFF AND WHEN WE COME BACK AND TALK TO YOU WE WILL DEFINITELY SHOW YOU THAT TO SHOW YOU SOME PROS AND CONS OF BOTH I JUST WANT TO MAKE SURE BECAUSE WE'D HAD DISCUSSIONS ABOUT IT BEFORE AND AND YOU'RE GIVING ME MORE INFORMATION NOW THAT YOU'VE GONE BACK AND DONE ANALYSIS AND I UNDERSTAND THE DIFFERENCE BETWEEN PICKING WHAT IS EASIEST TO DO AND WHAT HAS THE THE DEVICE BENEFIT WITHOUT THE NUMBER OF STEPS AND THE NUMBER OF CONDITIONS. SO THERE IS A DIFFERENCE HERE AND ALSO THE DIFFERENCE IN COST BUT I WANT TO MAKE SURE THAT WE HAD CAREFULLY CONSIDERED THAT BEFORE WE START TAKING AND JUST DOING CLUMPS OF MONEY HERE AND THERE OTHER COMMENTS QUESTIONS ? WELL, I'LL SAY THAT WHAT ABOUT THE OTHER ONE I WAS GOING TO ASK LET THE PUBLIC SPEAK HOW ABOUT THAT? BUT I'M JUST TO STATED THAT I'M IN FAVOR OF YOU KNOW, OBVIOUSLY WHAT'S BEEN PROPOSED ON ON BEACH IN TERMS OF OUR DEBT. YOU KNOW, WE NEED TO HAVE THAT CONVERSATION AS TO, YOU KNOW, ONE YEAR THREE FIVE, SEVEN, TEN, 15, 20, WHATEVER THAT NUMBER IS. SO BUT I THINK YOU'VE GOT INTEREST THERE AND THEN ON THE TIP I'M DEFINITELY INTERESTED IN THAT AS WELL SO THAT'S A CAN DO WE HAVE ANYBODY SIGNED UP TO 
          [4. Public Comment - Non Agenda Items]
SPEAK OKAY REMEMBER STATE YOUR NAME ADDRESS A FERGUSON GOOD AFTERNOON DAVE FERGUSON SHIPYARD REALLY GOOD CONVERSATIONS TODAY AND IT'S REALLY GOOD TO HEAR ALL THE COUNCILMEMBERS PARTICIPATE AND GIVE INPUT TO IT IT'S VERY TECHNICAL FOR RESIDENTS TO HEAR ESPECIALLY SOME OF THE FINANCIAL GUYS SO TO A LOT OF RESIDENTS RIGHT NOW IS ALL IS GOING TO BE JUST TALK AND ONE OF THE THINGS I ALWAYS TALK ABOUT TO ALL OF YOU IS ACTION YOU KNOW, CAPITAL IMPROVEMENT PROJECTS MAY SOUND VERY TECHNICAL IN DETAIL BUT IN REALITY THEY SHAPE HOW WE LIVE HERE ON HILTON HEAD NOT JUST NOW BUT FOR YEARS TO COME. 
          AS YOU'VE MENTIONED TODAY, ROADS, DRAINAGE PARKS, PUBLIC FACILITIES THESE AREN'T JUST PROJECTS. THEY'RE ACTUALLY INVESTMENTS IN THE QUALITY OF THE LIFE OF EVERY RESIDENT ON THIS ISLAND. THAT'S WHY IT'S SO IMPORTANT. 
          FURTHER DISCUSSION KEEPS RESIDENTS AT THE CENTER. WE'VE ALL HEARD THE WE'VE ALL HEARD EVERYONE ON THE ISLANDS CONCERNS ABOUT OVERDEVELOPMENT, TRAFFIC, HOUSING, PROTECTING OUR ENVIRONMENT, SAFETY, ETC. THE CAPITAL PLAN SHOULD BE A TOOL TO ADDRESS THESE VERY CHALLENGES NOT JUST THE LIST OF SCATTERED PROJECTS. SO I AGREE YOU HAVE TO WHITTLE THEM DOWN. EVERY DECISION SHOULD ANSWER ONE QUESTION THOUGH DOES THIS MEAN HILTON HAS STRONGER, SAFER AND MORE LIVABLE FOR THE RESIDENTS? WE ALSO HAVE BE CLEAR ABOUT THE DIFFERENCE BETWEEN WANTS AND NEEDS. 
          THERE'S NO SHORTAGE OF GOOD IDEAS BUT MONEY AND TIME ARE LIMITED. 
          RESIDENTS EXPECT TO BOARD PRIORITIZES THESE ESSENTIALS INFRASTRUCTURE STORMWATER, PUBLIC SAFETY ETC. BEFORE SPENDING ON PROJECTS MAY BE NICE THINGS TO HAVE IN PEOPLE PLEASING BUT DON'T SOLVE PROBLEMS. AND THEN THERE'S THE OLD THING 
          [02:05:01]
I LIKE TO TALK ABOUT ALL THE TIME ACCOUNTABILITY CAPITAL PROJECTS ARE SOME OF THE BIGGEST CHECKS THIS TOWN WILL EVER WRITE. WITH THAT COMES A LOT OF RESPONSIBILITY CLEAR BUDGETS ,REALISTIC TIMELINES, REALISTIC TIMELINES AND PUBLIC UPDATES ARE WHAT REALLY BUILD TRUST RESIDENTS DESERVE TO SEE NOT JUST APPROVAL OR PROGRESS. 
          SO AS YOU WORK THROUGH ALL OF THIS AFTER TODAY WORKSHOP I ENCOURAGE YOU TO THINK OF THIS NOT JUST AS A PLAN OF PROJECTS BUT AS A PLAN OF PRIORITIES FOCUS ON WHAT MATTERS MOST TO THE PEOPLE WHO LIVE HERE, SPEND WISELY AND THEN BE COMPLETELY TRANSPARENT ABOUT RESULTS. 
          CAPITAL PROJECTS ARE JUST BRICKS AND PAVEMENT. THEY'RE THE BACKBONE OF HILTON HEAD'S FUTURE. LET'S MAKE SURE THEY REFLECT WHAT THE COMMUNITY WANTS AND WHAT'S OVERALL BEST FOR EVERYONE IN THE COMMUNITY. THANK YOU. 
          THANK YOU, RICHARD. BUSY SO NOT AN AGENDA ITEMS PROJECT? NO, NO, NO. IT'S ALL THAT WHAT WE JUST TALKED ABOUT I SIGNED UP FOR AGENDA. OKAY, WELL WE CAN GO AHEAD WITH IT. 
          WE'LL LET YOU GO AHEAD. GOOD AFTERNOON, RICHARD. BUSY AND TO GO RUN. 
          I WANT TO SWITCH GEARS FOR A MOMENT FOR THE NEXT 3 MINUTES I WANT TO TALK ABOUT FA FLOOR AREA RATIO NOT EXACTLY A HOUSEHOLD TERM ON HILTON HEAD. MOST RESIDENTS PROBABLY HAVE NEVER OF IT BUT IT IS IMPORTANT IN CONTROLLING THE DENSITY OF DEVELOPMENT AND THAT SHOULD CONCERN ALL OF US IN 24 THIS TOWN COUNCIL OR THE PREVIOUS TOWN COUNCIL TACTICALLY VOTED 5 TO 0 TO REDUCE THE SO-CALLED FA REQUIREMENTS FROM 0.552.45 TIMES THE AREA OF THE LOT OF A SINGLE FAMILY RESIDENCE. THE INTENT WAS VERY CLEAR TO REGULATE THE VOLUME AND THE BULK OF HOMES MORE EFFICIENTLY. MAYOR PERRY, ALEX BROWN, TAMMY BECKER, BETSY BRYSON AND STEVE ALFRED ALL VOTED YES. THE PROBLEM THE CHANGE ONLY APPLIES TO THE FOURS BEACH NEIGHBORHOOD THE REDUCTION IN FA TO ALL HILTON AND NEIGHBORHOODS EXCEPT FOR THE GATED COMMUNITIES IS CRITICAL IF YOU REALLY WANT TO PROTECT THE ISLAND'S CHARACTER. 
          BUT THE MAYOR HAS REFUSED TO PLACE IT ON THE AGENDA LEAVING ISLAND NEIGHBORHOODS SUBJECTED TO THE SAME OVERBUILT ENVIRONMENT AND YET MR. MAYOR TURNS A DEAF EAR TO THE RESIDENTS OF THOSE NEIGHBORHOODS WHICH HAVE BEEN DESTROYED. 
          THERE ARE MANY HOTELS IN MIAMI THAT HAVE BEEN CONSTRUCTED IN THE PAST 18 MONTHS THAT WOULD NOT HAVE BEEN ALLOWED AT THE TOWN COUNCIL APPROVED THE REDUCTION IN SO-CALLED FIRE REQUIREMENTS FOR ALL NEIGHBORHOODS. MR. MAYOR, YOU SHOULD BRING THIS ISSUE TO THE FULL COUNCIL WITHHOLDING IT FROM THE AGENDA PREVENTS THE DEMOCRATIC PROCESS FROM PLAYING OUT WHILE YOU HAVE THE AUTHORITY TO SET THE AGENDA THAT ROLE COMES WITH A RESPONSIBILITY TO ENSURE OPEN AND FAIR DELIBERATION NOT TO CONTROL THE OUTCOME YOU HAVE ONE VOTE JUST LIKE EVERY OTHER COUNCIL MEMBER RIGHT? WELL TRUE LEADERSHIP MEANS FOSTERING TRANSPARENCY AND NOT LIMITING DISCUSSION. DO THE RIGHT THING AND ALLOW THIS MATTER TO BE DEBATED BY THE FULL COUNCIL AND TO BE FULLY AND FAIRLY CONSIDERED. 
          WHY ARE YOU DOING THIS? THIS IS UNJUST. IT'S WRONG. 
          WHAT ARE YOU AFRAID OF ? LET THE FULL COUNCIL DECIDE ISSUE ONCE AND FOR ALL. 
          THANK YOU. THANK YOU ALL. MS.. 
          SIMMONS. GOOD AFTERNOON, MR. MAYOR. PALMER SIMMONS SPANISH WELLS ROAD RESIDENT AND YES, I SORT OF RISE TO JUST TRY TO HAVE A BETTER UNDERSTANDING AND JUST TO SAY A LITTLE BIT ABOUT WHAT I UNDERSTOOD THE CAPITAL IMPROVEMENTS TO REALLY BE WE TALKED LOT ABOUT CAUSE THERE'S BEEN A LOT OF DISCUSSION ABOUT CAPITAL IMPROVEMENTS HAS BEEN SOME DISCUSSION ABOUT LAND ACQUISITION AND I'M NOT SURE THE TWO GO TOGETHER BUT I THINK THE CAPITAL IMPROVEMENTS THAT HAVE BEEN DISCUSSED ARE JUST THE REGULAR OBLIGATIONS OF THE TOWN WE HAVE FOR THE RESIDENTS OF HILTON HEAD AND I THINK THOSE THAT ARE ON THE AGENDA OF HAVING APPROVED IS DEFINITELY SHOULD PROCEED WHEN YOU HEAR THAT A FIRE IN OUR TOWN ITSELF OF A CRUMBLING NATIONAL WHERE THAT LIES IS CABINET APPROVED AS JUST A 
          [02:10:04]
MATTER OF NEED AND I THINK EVERYONE CAN APPRECIATE THAT THE CITIZENS OF HILTON HEAD ALWAYS LOOK FOR THE BEST FROM OUR TOWN AND FOR THE CITIZENS HERE SO AND ONE OF THE THINGS ALSO I THINK THAT DESERVES MENTIONING THIS POINT IS THAT IT IS DEFERRED FROM AN AGENDA ITEM. OF COURSE IS OUR STORM DRAIN. I'D JUST LIKE TO TAKE A QUICK OPPORTUNITY SAY IF YOU LOOK AT THE COMMUNITIES ALLOWANCE THAT IS WILL ROLL OUT TO ALL OF THESE RAINS, IT'S REALLY A HORRIBLE SITUATION. SO AS YOU LOOK AT ALL OF THE CAPITAL IMPROVEMENTS AND THE NEEDS OF THE TOWN, YOU KNOW WE REALLY NEED TO FIND A WAY TO DO ADDRESS A COMPLETE DRAINAGE PLAN AND THAT'S BEEN THE BIG ISSUE HERE. 
          THERE'S NOT A COMPLETE DRAINAGE PLAN THAT I'M AWARE OF THAT THE TOWN REALLY HAS AND ALSO I GUESS I HAVE TO SAY AS WELL I'M NOT SURE HOW MUCH LAND THE TOWN REALLY NEED. 
          YOU KNOW, WE SPEND A LOT OF TALK ABOUT LAND ACQUISITION AND THE MONEYS THAT ARE AVAILABLE FOR THAT AND I JUST HAVE A QUESTION HOW MUCH LAND ARE THE TOWN REALLY NEED? I DON'T KNOW. I SEE A LOT OF THE TOWN OWNED THAT ARE JUST SITTING MAYBE SERVES A DIRECT PURPOSE MAYBE THAT'S IT. I DON'T I GUESS THAT THERE'S FURTHER EXPLANATION. I JUST WANT TO SHARE THOSE QUICK THOUGHTS FROM THE DISCUSSION THAT I HEARD TODAY. THANK YOU. THANK YOU. 
          THAT'S ALL WE HAVE BUT WE HAVE ANYBODY SIGNED UP FOR THAT IT'S EVERYBODY. 
          OKAY. AWESOME. THANK YOU FOR YOUR COMMENTS. 
          ANY LAST THING FROM FROM COUNCIL BEFORE ADJOURN BUT UH I'M WELL I'M HOPEFUL THE TOWN MANAGER HEARD WHAT I'M IN FAVOR OF MOVING ALONG. I THINK WE NEED TO BE VERY AGGRESSIVE AND NOT ONLY COMPLETING WHAT WE HAVE ON THE TABLE BUT FINDING THE FUNDING TO MOVE FORWARD WITH THOSE ITEMS THE TOWN HALL FACILITIES AND HOW WE'LL BE MORE NIMBLE AS AND WHEN IT COMES TO AN ACQUISITION A BIG LAND ACQUISITION IT'S IMPORTANT WHEN WE START TO TALK ABOUT GROWTH MANAGEMENT I MUST IT OUT LOUD AND I'M NOT BASHFUL IN SAYING THAT IF THAT'S ALL I'M A PROPERTY RIGHTS GUY WHO STRUGGLES WITH THOSE TALKING ABOUT GROWTH MANAGEMENT AND TAKING PEOPLE PROPERTY RIGHTS AWAY WHAT WE CAN FIND WILLING AND PARTICIPANT SELLERS THAT DON'T WANT TO DEVELOP IN THE SENSE OF THIS INTEREST AS FAR AS DEVELOPMENT AND PRESERVING GREENSPACE TO GO SO AND I THINK HAVING MONEY ON HAND TO DO THAT PUTS US IN A BETTER POSITION. UM, A FEW OTHER THINGS THAT UH THAT YOU MENTIONED MR. ORLANDO UH WHEN IT COMES TO THE DIRT ROAD PAVING PROGRAM ALONG WITH THE PATHWAY PROGRAMS WHERE WE ALREADY HAVE MONIES ALLOCATED IT SEEMS THAT WE ARE STALLING OUT TO A DEGREE BECAUSE OF THIS POLICY ISSUE AROUND UH EITHER ACQUISITION OR DONATION. UM, UM, I THINK THAT IS UH WITHIN OUR DRAFT PLAN. OKAY. AND I THINK IT'S HIGH TIME FOR US TO HAVE A CONVERSATION ABOUT WHAT THAT LOOKS LIKE MOVING FORWARD IS TOO IMPORTANT. 
          UM, PARTICULARLY NOW WITH THE STORMWATER ISSUE THAT WE HAVE HAVING FOLKS ARE HAVING TROUBLE GETTING HOME. ALL RIGHT. SO I THINK THERE'S A WAY FOR US TO COME UP WITH A CREATIVE SOLUTION AROUND THAT SO AND AS MR. MADE IT OUT IN TOWN MANAGER TO SORT OF WORK THROUGH SOMETHING THAT WE COULD PRESENT TO COUNCIL AS FAR AS IS CONCERNED AND THE SAME THING WITH THE THE PROGRAMS IN ALL THE AREAS ON HILTON HEAD SO YOU KNOW PATHWAY SYSTEMS THERE WE JUST HAVEN'T BEEN ABLE TO HAVE A CONVERSATION WITH THE INDIVIDUALS. YOU KNOW WE UNDERSTAND WHAT WE NEED TO DO COLLECTIVELY BUT FROM THE INDIVIDUALS STANDPOINT I THINK WE NEED A LITTLE BIT MORE FLEXIBILITY AROUND POLICY TO MOVE THINGS ALONG MORE EXPEDITIOUSLY. THANK YOU. 
          AS I SAID, TWO THINGS. FIRST OF ALL, RESPONDING TO MR. SIMMONS INQUIRY ABOUT STORMWATER WE AREN'T GOING TO BE HAVING A WORKSHOP ON STORMWATER AS I COULD SEE END OF SEPTEMBER AND PERHAPS THE MANAGER CAN CONFIRM DATE IN JUST A MINUTE. 
          BUT THEN IN ADDITION TO THAT I UNDERSTOOD THAT WE WERE TRYING TO COME UP WITH SOME PRIORITIES WE HAVEN'T GOTTEN THERE YET. WE'VE NAMED I THINK THREE MAJOR ONES THE FIRE AND RESCUE WHAT TO DO ABOUT TOWN HALL ESPECIALLY THE DISREPAIR SITUATION AND THE LAND ACQUISITION AND THEN WE'VE SAID THERE'S THIS LONG LIST IN THE CITY AND AND WE NEED TO LOOK AT 
          [02:15:08]
THAT AND CAREFULLY LOOK AT THAT. SO I THINK MAYBE IF WE ASK THE TOWN MANAGER TO COME BACK TO US WHEN IT COMES BACK TO US ON A PROPOSAL OF WHAT WHAT KIND OF FUNDING TO USE FOR THE DEBT SERVICE FUNDING WHAT ARE THE BIG CHUNKS OF ITEMS, HOW MUCH WOULD THEY COST AND THEN PERHAPS RECOMMENDATION ON SOME THOSE OTHER ONES THAT MIGHT BE THE STAFF THINKS ARE PRIORITIES TO INCLUDE IN THAT FUNDING LIST SINCE WE'VE IDENTIFIED THREE AND SAID WE NEED MORE TIME TO LOOK AT THE REST SO IF THE TOWN MANAGER AND HIS STAFF COULD COME BACK WITH US TO US WITH THAT SAY OVER THE LIST AT THAT SAME TIME ON THE DEBT SERVICE FUNDING ISSUE I TRIP OVER MY WORDS. I HOPE THAT WAS UNDERSTANDABLE BUT CAN WE GET THE DATE ON THIS STORMWATER? WELL WELL OF THE DATE I THINK IT'S ARREARS YES. LEFTOVER 30TH YEAR 1:00 TOWN HALL IT WILL BE ADVERTISED SO I'M SURE THE SPEAKER THANK YOU. TWO THINGS THAT I JUST HEARD THAT'S NOT CONSISTENT WITH WHAT IT WAS THAT WE SPOKE ABOUT OVER THE LAST COUPLE OF HOURS. I ASKED FOR A PRIORITY TO INCLUDE THE ASSESSMENT THAT WE WERE WORKING ON WITH REGARD TO PUBLIC SAFETY AND I THINK THAT THAT SHOULD BE INCLUDED ON THAT LIST AS. AND THEN SECONDLY, WE WERE ALSO HERE TO DISCUSS NOT JUST ADDING TO BUT REVISE PERHAPS WHAT WE HAVE ALREADY AND WHERE WE COULD AS COUNCILWOMAN TAYLOR SUGGESTED, TAKE OFF THIS PROCESS NEEDS TO KEEP IN MIND THAT WE ARE INDEED NOT JUST A LIMITED GOVERNMENT BUT WE ALSO HAVE TO LIVE WITHIN OUR MEANS AND THERE ARE SOME PROJECTS THAT WE GIVEN THE NEW PRIORITIES SHOULD GO BACK AND LOOK AT AND AND AS IT WAS SUGGESTED FROM THE BEGINNING WE WERE SUPPOSED TO IDENTIFY PLACES WHERE WE MIGHT WANT TO RETRACT SOME OF OUR PREVIOUS ITEMS ON THOSE LISTS. 
          AND SO I DON'T WANT TO LOSE SIGHT OF THAT. SOMETIMES WE GET TO THESE RAMP UP MOMENTS THAT A LOT OF THE COMMENTS MAKE ARE MADE AND THEY GET WRITTEN DOWN AND ALL OF THE COMMENTS AREN'T INCLUDED AND I HOPE THAT THIS TODAY WILL NOT BE ANOTHER ONE OF THOSE CASES. 
          SO THOSE TWO ITEMS NEED TO BE ADDED TO THE LIST. THANK YOU. 
          THANK YOU. NO COMMENTS ON IT. I WANT TO THANK THE TOWN MANAGER AND THE STAFF FOR THE PACKAGE THAT YOU PUT TOGETHER. I THINK IT WAS ALTHOUGH IT MIGHT BE DIFFICULT FOR THE PUBLIC WHICH I GET I THOUGHT IT WAS EASY EASILY EASY TO UNDERSTAND WELL LAID OUT AND I THINK WE HAD GREAT CONVERSATION TODAY UM REGARDING ALL OF THESE TOPICS SO MY HAT'S OFF TO YOU FOR THAT. I APPRECIATE IT. 
          THANK YOU VERY MUCH. SO MR. BROWN GOT SOMETHING ELSE IN HERE BUT YOU KNOW ONCE I'M TRYING TO MAKE THIS CLEAR AND EASY FOR MR. ORLANDO SO AS YOU COME BACK INTO THE PROJECTS YOU COST AT POINT THE HAVE TO BORROW OR SPEND MORE THAN WE CAN EVER PAY FOR AND THAT THEN DRIVES US INTO A DISCUSSION OF WHAT ARE WE GOING TO TAKE OFF THE LIST? I'M TRYING TO GET A BETTER UNDERSTANDING OF THAT BECAUSE I DON'T WANT TO GIVE YOU DIRECTION TO COME BACK AND TELL US WHAT YOU RECOMMEND WE TAKE OFF THE LIST. 
          I'M JUST I'M TRYING TO FIGURE OUT HOW WE GET TO THAT POINT. I UNDERSTAND SORT OF THE LOGIC OF BEING CONSERVATIVE, BUT I THINK MR. ALFORD MADE A REALLY GOOD POINT ABOUT A FURTHER DEFINITION BEING CONSERVATIVE IN THE GOVERNMENT. SO I JUST DON'T WANT US TO GET TO A POINT WHERE WE'VE ALREADY EITHER APPROVED AND SPENT MONEY OR CONCEPTUALLY OF APPROVED PROJECTS AND. THE CURRENT CFP BOARD AS ALWAYS SAID WE'RE FOCUSED ON MOVING FORWARD AND NOT GETTING TO A POINT WHERE WE'RE TRYING TO HAVE A DISCUSSION ABOUT WHICH PORK WE'RE GOING TO DO OR NOT. RIGHT. SO I GUESS A LITTLE UNCOMFORTABLE WITH YOU IN THAT PREDICAMENT BEFORE WE UNDERSTAND THE TRUE PICTURE. 
          [02:20:02]
THAT'S ALL OUT OF OUR EYE. I JUST THINK IT'S GOOD THIS FISCAL RESPONSIBILITY TO UNDERSTAND WHAT THE TOTAL IS AND THEN WHEN WE HAVE THE TOTAL HAVE A CONVERSATION ABOUT HOW WE FEEL ABOUT THAT. YOU KNOW WHEN I LOOK AT THESE ITEMS THAT WERE ADDED, I CAN IMAGINE THEY'RE GOING TO BE BIG NUMBERS AND AND SO HOW MUCH DO WE WANT TO BITE OFF AND IT MIGHT NOT JUST BE ABOUT REMOVING BUT DELAYING IT. I SAID PHASING YOU KNOW THERE IS ALREADY A LOT ON THE TABLE AND AND QUITE CANDIDLY I DON'T KNOW TODAY IF WE HAVE ENOUGH FUNDS MOVING FORWARD TO PAY FOR THE ITEMS THAT ARE ALREADY HERE SO SO THAT'S A QUESTION THAT I HAVE. WOULD WE NEED TO BORROW TO LIVE IN TO WHAT'S ALREADY IN THIS PACKAGE AND THEN WE'RE ADDING ON OTHER PROJECTS. SO I JUST FEEL LIKE THERE'S MORE INFORMATION THAT PERSONALLY I'M GOING TO NEED BEFORE MAKING A DECISION AND. 
          AS ALWAYS, I APPRECIATE MR. ALFORD'S COMMENTS ABOUT GOVERNMENT FUNDING AND AND THINGS TO THINK ABOUT SO I APPRECIATE THAT YOU SPEAKER I THINK MELINDA SAID IT BEST AS SHE DOES. SHE'S VERY BUT I DO WANT TO KEEP US FOCUSED ON WHAT WE HAVE AND WHAT WE CAN SPEND AND IF THAT DOES MEAN A DELAY RATHER THAN A REMOVAL THAT IS MUCH BETTER WAY OF SAYING IT. BUT AT SOME POINT, YOU KNOW AND OUT OF OTHER PEOPLE'S MONEY TO SPEND AND SO I'D LIKE TO KEEP OUR EYE ON THE BALL OF THE RESIDENTS WHO LIVE ON HILTON HEAD AND WHAT IT IS THAT WE HAVE WITHIN OUR BUDGET AND MAKE SURE THAT WE ARE NOT OVEREXTENDING OURSELVES TO SATISFY AS SOMEONE HAD SAID THE ONCE VERSUS THE NEEDS. 
          THANK YOU. SO YOU'RE ALL RIGHT JUST ONE QUICK THING. 
          I JUST WANT TO CHECK BACK WITH THE TOWN MANAGER TO MAKE SURE THAT HE THE ANSWER TO THE QUESTIONS THAT HE WANTED US TO ADDRESS TODAY. I THINK THAT WE REHEARSED THAT THAT WAS GOOD BECAUSE I HAVE I HAVE SOME NOTES HERE BECAUSE I WANT TO I THINK I CAN HELP WITH WHAT Y'ALL ARE ASKING. RIGHT. I DID ASK I STARTED OUT BY SAYING WHAT PROJECTS ARE YOUR HIGHEST PRIORITIES OVER FIVE YEARS AND PUT THE WORDS IN THEIR QUALITY OF LIFE FOCUS WHAT IS THE TOWN COUNCIL'S COMFORT LEVEL WITH BONDING CAPACITY FRANKLY. I DON'T HAVE THAT I DON'T HAVE THAT CLARITY TODAY BUT I UNDERSTAND YOU'RE ASKING ABOUT PROJECT. I'M ASKING ABOUT CAPACITY. 
          YOU'RE TALKING HORSE, I'M TALKING CARD OR I'M TALKING HORSE YOU'RE TALKING CARD. 
          THEY BOTH HAVE TO GO TOGETHER. I SAID ALSO ARE ANY PROJECTS ON THE LIST NEEDED RIGHT URGENCY OPPORTUNITY COMMUNITY BENEFIT TO ACCELERATE ARE THEY ALIGNED WITH THE STRATEGIC PLAN AND WITH SO I DO THIS EVERY DAY ALL DAY SO TO ME IT'S IT'S ALL TOGETHER AND I DON'T THINK WE FIGURE THAT OUT IN EVERY EVERY WORKSHOP WE'VE BEEN HERE FOR TWO AND A HALF HOURS. 
          WE KNOW THAT WE'RE GOING TO BRING FORWARD A BEACH PRESERVATION BOND SOMEWHERE IN THE $19 MILLION RANGE. WE KNOW THAT THERE'S AVAILABLE $11.7 MILLION IN THE GEO DEBT FUND RESERVE RIGHT IN THAT DEBT FUND THAT CONTINUES TO KEEP A GOOD FUND BALANCE IN THERE AT 2.5 OR 2.6 TO 5. WE KNOW THAT THE GEO DEBT FUND MILLAGE AS WE TALKED ABOUT TODAY AND PRIOR THERE'S TWO MILLS OF CAPACITY AVAILABLE AND APPROXIMATELY 211 MIL IS ON POINT EXCUSE ME 1.31 MILL IS 1.3 AND IT GOES UP EVERY TIME WE LOOK BUT LET'S JUST SAY TWO MILLS IS $2.4 MILLION. WHATEVER THE MATH WE HAVE SOMEWHERE BETWEEN 2.4 WHICH IS ONE YEAR OF BORROW BECAUSE WE HAVE TO JUSTIFY 5.1 MILLS AND YOU SET IT SO ELEGANTLY EARLIER I WISH I WROTE EVERYTHING DOWN YOU SAID WELL YOU EXPLAINED THAT PROPERTY TAXES WENT UP ALL WAS PAID BACK AND OUR MILLAGE WE DIDN'T RATCHET DOWN FAST ENOUGH WE RATCHETED IT DOWN SOME BUT NOT ALL. SO YOU HAVE IN THE DEBT THE GEO DEBT FROM MILLAGE TO MILLS 2.4 MILLION ONE YEAR 38.9 MILLION 25 YEARS 12 WE'RE GOING TO TALK NEXT MONTH I THINK 1 MILLION OR JUST THINKS 1 MILLION I THINK 2 MILLION IF WE CAN COMPRESS SCHOOL DO WE BORROW IT AND FIX 
          [02:25:04]
SOME OF THESE PROJECTS TODAY BUT THAT'S SIMPLE MATH IT'S MILLION DOLLARS OVER TEN YEARS 20 YEARS WE CAN LOOK AT IT THAT WAY AND BACK IN 10TH DISTRICT WE KNOW THAT WE'RE GOING TO LOOK AT THIS LATER ON IN FY 26 MOST LIKELY EARLY 27 WE KNOW AS WELL HOW WE'VE BEEN BUILDING PROJECTS FOR THE LAST FOUR AND A HALF FIVE PLUS YEARS WAS SIMPLY REVENUE STREAMS AND ATTACHING THE SOURCES OF REVENUE WITH THE USES OF REVENUE ANNUALLY. 
          WHAT I WHAT YOU DIDN'T TALK ABOUT TODAY YET BUT YOU KNOW YOU SEE THE EMAILS YOU HEAR THE COUNTY TALK THE COUNTY SALES TAX PROJECT LIST WE'RE GOING TO HAVE TO TALK WHETHER YOU WANT A PROJECT OR TWO OF THAT LIST ON THAT LIST OR ARE YOU GOING TO OPT OUT AND NOT SUGGEST ANY PROJECTS ON THAT LIST. IT'S MY JOB TO SIMPLY FIGURE OUT YOUR I WOULD CALL IT YOUR TOLERANCE FOR BORROW. I WILL BRING THAT BACK TO YOU. THE GOOD QUESTIONS YOU'RE ASKING WANT TO SLOW DOWN IF WE'RE SPEEDING UP OR TO PUSH OUT NOT ELIMINATE VERSUS DO TODAY ALL OF IS THROUGH YOUR YOUR YOUR CAPITAL PLANNING AND YOUR PROGRAMING AND YOUR BUDGET AMENDMENT SO JUST BECAUSE WE'RE GOING TO BORROW DOESN'T MEAN I'M GOING TO JUST UNILATERALLY ATTACH THOSE DOLLARS TO SAY FIRE RESCUE HEADQUARTERS THAT'S A BUDGET AMENDMENT AND I WOULD DO THAT WITH YOU AND THROUGH OUR BUDGET PROCESS KEEP IN MIND WE'RE GOING TO START GETTING TOGETHER EARLY IN JANUARY OR WE'RE GOING TO START TALKING ABOUT CAPITAL PROJECTS PROBABLY THIS YEAR A LOT BETTER THAN LAST YEAR BECAUSE WE NOW HAVE THAT FIVE YEAR SO IT'S ALMOST ON YOUR MARK GET SET GO IS ON YOUR MARK GET SET IS UNDERSTANDING WHERE THE THE DOLLAR YOUR TOLERANCE FOR BORROWERS AND GO IS YOU RESET YOUR BUDGET SO IT'S SORT OF ONE OTHER THING TO BRING TO THE TABLE AS WE TALK THE SCHEDULE OF WHEN THE OTHER BONDS GOING TO BE PAID OFF. SO IF THERE'S A BOND PAYOFF IN THE NEXT FIVE YEARS, TEN YEARS THAT ALSO HELPS TO REDUCE THE AMOUNT OF MILLAGE THAT WE WOULD NEED TO REQUIRE IN ORDER TO COVER . SO I THINK THAT'S AN IMPORTANT PIECE OF INFORMATION AND THAT'S GOOD HAVE THAT AND I IMAGINE YOU KNOW THE JOHN MCGOWAN PUT THAT SCHEDULE TOGETHER. 
          I'M LOOKING AT IT AND JUST FRANKLY I'M SITTING HERE SAYING WAY BUT JOHN SAYS YES SO I'M GOING TO RESPECT THAT NOW YOU KNOW WHY I SAY NO WAY BUT I THINK THAT EVEN IF WE HAD OR TWO FINANCE COMMITTEE MEETINGS THREE WE JUST HAVE TO REALLY FIGURE THIS OUT BY THE END OF THE FISCAL AND I WOULD REALLY ENCOURAGE US TO RELAX ON THAT EXACT DATE OR THERE'S SOME WORK TO DO. WELL WE'RE TO DO THE WORK YEAH. SO YOU KNOW WE'RE WE'RE REINVESTING IN OUR COMMUNITY AND THIS IS WHAT WE'RE TALKING ABOUT IS MAKING CERTAIN THAT WE STAY AT A QUALITY AND A LEVEL THAT WE NEED TO STAY A I DON'T LOOK AT THE FISCAL YEAR 26 ITEMS AS A AS A TAKE OFF BECAUSE THEY'RE IN MOTION. THEY'VE BEEN BUDGETED OUT IF THEY COME IN OVER BUDGET THAT'S ANOTHER DISCUSSION. BUT OF THE 78 PROJECTS THAT ARE ON SCHEDULE YOUR AT WHAT TIME DO THEY COME OFF RIGHT BECAUSE THAT'S THE CONVERSATION WE ALSO HAVE HAD. IS THAT OKAY? YOU KNOW THESE HAVE BEEN IN THE WORKS FOR X NUMBER OF YEARS. NEXT NUMBER OF TIME THEY'LL BE OUT OF THE SYSTEM HERE. 
          OKAY. WHICH FREES UP OTHER AREAS TO ADDRESS YOU KNOW FIRE AND RESCUE AND THIS BUILDING REALLY HAS COME UP RECENTLY. FIRE RISK HAS BEEN DISCUSSED FOR A WHILE BUT THIS BUILDING REALLY BECAUSE OF THE ISSUES WE'VE HAD OVER THE PAST SEVERAL MONTHS AND IT'S NOT FAIR TO THE STAFF TO WORK IN THIS KIND OF AN ATMOSPHERE. 
          SO YOU KNOW, WE'VE GOT TO REALIZE THAT WHAT WE'RE TALKING ABOUT IS ONE, TWO, THREE, FOUR AND FIVE YEARS THAT'S HOW THIS IS FIVE YEARS VIP CAME AROUND. IT'S NOT ONE YEAR IT IS OVER A PERIOD TIME WITH 78 DIFFERENT ITEMS CURRENTLY AND THREE TODAY FOR TODAY WHATEVER THE NUMBER TAKES A NUMBER UP BUT WHICH IS TREMENDOUS AMOUNT AND I SAID AT THE BEGINNING ARE WE COMING IN TO HUNGRY AND ARE WE COMING IN HUNGRY BECAUSE WE FASTED TOO LONG AND YOU KNOW, ARE WE PLAYING CATCH UP? SO YOU KNOW, YES, WE HAVE A LOT OF FUNDS IN PLACE AND WE HAVE A LOT OF FUNDS IN PLACE BECAUSE WE HAVE IT AS A COMMUNITY DONE WHAT'S NEEDED TO BE DONE. 
          COSTS ALSO HAVE RISEN. SO LOOKING AT IT HOLISTICALLY AND GOING THIS IS THE WAY TO GET THERE USING THE TOOLS THAT ARE IN FRONT OF US BORROWING AS AGAIN MR. ALFORD HE DID A GREAT JOB OF SAYING EXACTLY I FEEL AND THINK AS WELL SO I JUST WANT US TO KEEP IN MIND THAT IT'S AT A FIVE YEAR RATE IT'S IN EVERY YEAR IT'S GOING TO GO OUT ANOTHER YEAR. 
          SO THINGS WILL BE MOVED IN 78 A LOT. SOUNDS LIKE A TREMENDOUS AMOUNT AND IT'S WORRISOME I'M AT THAT BUT I KNOW YOU ALL WILL DEAL WITH IT BUT ALSO I DON'T WANT 
          [02:30:05]
US TO PUSH SOMETHING FORWARD THAT STAFF CAN'T HANDLE SO I RELY UPON Y'ALL AS WELL IN CLOSING. THANK YOU. GREAT INFORMATION. 
          I THINK YOU'VE GOT
* This transcript was compiled from uncorrected Closed Captioning.