##VIDEO ID:hdmz6X4bgyY## ♪ >> WELL MINE IN THE PRODUCTS FACILITY MANAGER WITH THE CITY OF NORTH PORT AND TODAY WE'RE GOING TO TALKING WITH YOU GUYS ABOUT OUR FREE FROM A VALUATION IT'S IMPORTANT THAT WE ATION KIDS FOR SWIM PROGRAMS, THEY GET CLOSE TO THE RIGHT LAUGH, WHAT WE'RE LOOKING AT YOU LEVEL AS ITS SKILLED ASSESSMENTS. SO WHAT WE DO IS WE HAVE A CHILD GET IN THE WATER AND SERIES DIFFERENT MOVEMENTS CAN YOU GO INTO THE WATER I CAN YOU SHOW US YOUR PRODUCT CALLED ME ALL SHOWS ELEMENTARY BACK DIFFERENT STROKES WITHIN THERE AND WHAT WE'RE WHERE YOUR CHILD TEST TO BEFORE IT BECOMES A CHALLENGE FOR THEM AT THAT POINT WHAT WE ASSESS THAT THAT WILL LET YOU KNOW AND YOU CAN GO AHEAD AND SIGN YOUR CHILD UP FOR THAT APPROPRIATE LEVEL THERE. IT'S IMPORTANT THAT WE HAVE THESE SO THAT WAY WHEN WE'RE TEACHING A LEVEL ONE WE DON'T HAVE KIDS THAT SHOULD POTENTIALLY IN A LEVEL 2 AND LEVEL ONE CLASS BECAUSE THEY'RE NOT LEARNING THE APPROPRIATE SKILLS THAT THEY NEEDED THAT POINT IN TIME RIGHT NOW WHEN WE'RE IN FULL SUMMER WE HAVE SOME PEOPLE COME BETWEEN 8.10 DEDUCED FROM EVALUATION JUST AS YOU CAN HEAR THE WATER SPLASHING IN THE BACKGROUND SLIDE. EVERYTHING LIKE THAT, BUT ANY DAY OF THE THAT OPEN YOU CAN COME IN AT ANY POINT IN TIME ENOUGH FOR SOME EVALUATIONS WE ALWAYS HAVE A ♪ CERTIFIED SO MUCH DOCTOR ON SITE THAT HAVE YOUR CHILD TAKE A SWIM ASSESSMENT. >> FRANK THOMAS ALWAYS MANAGER I AM HERE TODAY WITH VENDITTI MARIO TELL PEOPLE HERE HAVE ONLY BEEN DOING THIS JOB, I'VE BEEN HERE 5 YES 5 YEARS EXCELLENT EXCELLENT SO MARIO TELL PEOPLE WHAT IT ENTAILS WHAT YOU DO. THE PLAN IS SCHEDULED FOR SOLID WASTE THE CITY I GO OUT AND AGREE THE NEW RESIDENTS TONIGHT, EDUCATE THEM ON RECYCLE EXCELLENT SOUNDS INTERESTING VERY AREA WHEN HE FOUND INSIDE THE RECYCLING BINS SHOULDN'T BE THERE SO LET'S TRY TO TELL THE PEOPLE HOW TO RECYCLE MOST COMMON THING I FIND FRANCIS PLASTIC BAGS. >> SO START TO NOT RECYCLABLE I FIND JUST POSTING THE CONTAINER OR THE BAD THE RECYCLE WITH HIM AND MISSION DECIDEDLY COUNTRY THAT'S RIGHT INSIDE THE BLUE CONTAINERS. AND THEY SHOULD BE YOU TAKEN BACK TO THE GROCERY STORE OR TOSS IN THE TRASH OR DO SEE A LOT OF RECYCLING INSIDE THE CONTAINERS OF I COME ACROSS A LOT ACADIA WANT TO DO THAT SO. >> OKAY, SO IF YOU HAVE ANY QUESTIONS YOU CAN ALWAYS LOOK AT OUR WEBSITE WW DOT NORTH PORT FLORIDA DOT GOV SLASH SOLID WASTE. ♪ >> I'M STACEY LASALLE AND THE EMERGENCY MANAGEMENT COORDINATOR FOR THE CITY OF NORTH PORT AND I'M GOING TO BE TALKING ABOUT HAVING AN EVACUATION PLAN IT'S A POINT HAVE AN EVACUATION PLAN AHEAD OF TIME AND IT'S VERY IMPORTANT TO WRITE IT DOWN BECAUSE THAT WAY YOU HAVE IT SOMEWHERE PRESENT EVERYBODY IN YOUR FAMILY CAN SEE IT AND KEEP IT FRESH IN THEIR MINDS AND YOU WANT TO ALSO SHARE IT WITH PEOPLE IN YOUR FAMILY OR YOUR NEIGHBORS SO THAT THEY KNOW WHAT YOUR PLANS ARE AHEAD OF TIME AND HOW TO GET A HOLD OF YOUR WAY TO LOOK FOR YOU AFTER A DISASTER FOR YOUR EVACUATION YOU SHOULD HAVE MULTIPLE ROUTES TO GET TO LOCATION. YOU'RE PLANNING TO GO TO JUST BECAUSE TRAFFIC WAS TRAFFIC ON 75 MIGHT BE GRIDLOCKED THERE COULD BE SOME VERY GOOD BACK ROADS TO GET TO WHERE YOU'RE GOING THAT COULD GET YOU THERE MORE QUICKLY WITHOUT BEING STUCK IN TRAFFIC WHEN YOU'RE MAKING EVACUATION PLAN. WE USUALLY TELL YOU 4 DIFFERENT THINGS YOU SHOULD STAY HOME IF YOU ARE NOT IN HIS OWN THAT'S BEING EVACUATED AND IF YOUR HOME IS BUILT TO WITHSTAND THE FORECASTED STORM IF YOU CAN STAY HOME. AND YOU EVACUATE YOUR NEXT OPTION SHOULD BE TO GO TO A FRIEND OUR FAMILY'S HOME THAT IS OUTSIDE OF THE EVACUATION AREA AND IT IS STRUCTURALLY SOUND TO US AND THE STORM OPTION WOULD BE GO TO A HOTEL. THEY'RE MUCH MORE COMFORTABLE THAN I BACK AWAY SHUNS CENTER'S 4TH OPTION WOULD BE TO GO TO ONE OF OUR EVACUATION CENTER SARASOTA COUNTY HAS FALLEN BACK AWAY SHUNS CENTER'S. THOSE CAN BE FOUND ON THEIR WEBSITE. ♪ >> I'M STACEY LOVES OF EMERGENCY MANAGER FOR CITY ♪ >> WORK YES, YES, >> I GOT I GOT YES OKAY. I HAVE >> OKAY TODAY IS MONDAY 9/9/2024 IT IS 09:00AM WE'RE THE CITY CHAMBERS AND I CALL THE CITY COMMISSION WORKSHOP TO ORDER. PRESIDENT WE HAVE. COMMISSIONER EMRICH GOOD TO SEE YOU VICE-MAYOR STOW'S MYSELF MAYOR WHITE COMMISSIONER LANGDON COMMISSIONER MCDOWELL. WE ALSO HAVE CITY MANAGER FLETCHER DEPUTY DEPUTY CITY ATTORNEY GOING ASSISTANT ASSISTANCE CITY CLERK. I ESPECIALLY BOTH AND I SEE BACK THERE WE HAVE FIRE CHIEF TITUS. >> AND POLICE. >> BACK THERE I THANK YOU CAPTAIN I HAVE THAT RIGHT HERE AND IT JUST AN EVEN. THEN I'M GOING TO CALL THAT OUR FINANCE DIRECTOR PLANS TO JUST OF THE UNITED STATES OF AMERICA TO ALL JUST STANDS ONE NATION UNDER GOD INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL. >> THANK ALL RIGHT DO WE HAVE ANY PUBLIC COMMENT. YES, WE DO ALL ROB AND SANDRA SUNDAY. >> A WARNING WILL ROBINSON THE CENTER FOR THE RECORD. I'M JUST GOING TO MAKE A GENERAL STATEMENT AND THEN I'LL BE BACK UP LATER THE ACTUAL AGENDA ITEM. >> BUT WHAT OF COURSE IS A DEBT MANAGEMENT POLICY. I'M JUST THINKING THAT. WE KIND OF DID IT BACKWARDS. I THINK WHAT WE SHOULD HAVE DONE IS. TO THE DEBT MANAGEMENT POLICY FIRST SINCE THE REFERENDUM TAKES SUBJECT TO THE DEBT MANAGEMENT POLICY. AND THAT WE'VE ALREADY SUBMITTED TO A REFERENDUM. THEN IT REALLY CAN'T BE AMENDED BECAUSE IT TAKES SUBJECT TO. AND I'M NOT SURE NOW IF NOW THAT LOOKING AT THE DEBT MANAGEMENT POLICY AND HAVE REVIEWED IT. THERE'S A LOT THINGS THAT ARE CONCERNING TO MAKE THAT AND I AM THE CITY BEING ABLE TO BORROW THE MONEY BECAUSE WE NEED TO DO THAT AS AS A MUNICIPALITY. BUT IT'S TAKING SUBJECT TO THIS THAT MANAGEMENT POLICY TO HAVE A HARD TIME. HASN'T IT. I JUST THINK WHAT WE SHOULD HAVE INSTEAD OF TRYING TO GET IT ON WHAT THE BOARD OF ELECTIONS AT THE TIME FRAME WE WANTED TO. IS WE SHOULD HAVE REALLY. JOHN THE DEBT MANAGEMENT POLICY FIRST GET AND THEN DO THE REFERENDUM. BECAUSE RIGHT NOW THE WAY THAT I I'M SEEING WHAT I'M HEARING. IS. PROBABLY WON'T PASS. AND WHAT WE'RE GOING TO HAVE TO THEN DO IS GO BACK AND HE THE TO 2 SEPARATE REFERENDUMS. AND DEBT MANAGEMENT POLICY BEFORE WRITING THE 2 SEPARATE REFERENDUMS AND HAVING A SPECIAL ELECTION. THAT'S WHAT HEARING AND THAT'S NOW THAT I'M LOOKING AT THE STAT MANAGEMENT POLICY HAVE GOT MAJOR CONCERNS SINCE A TAKE SUBJECT TO THE DEBT MANAGEMENT POLICY. THE SPECIFIC AGENDA ITEM ALL COME BACK LATER IT IS SOME OF THE CONCERNS THAT I HAVE WHICH HOPEFULLY WILL PROBABLY EVEN COVERING THE DISCUSSION. SO THANK YOU. YES, THANK YOU. TO >> DO GOOD MORNING. >> GLAD TO SEE ALL THAT. >> WELL I WAS GOING TO TALK ABOUT THAT MANAGEMENT POLICY BUT ROBIN COVERED IT PRETTY GOOD. AS FAR AS IT RELATES TO AND I THINK SHE CONTINUES SO. I BELIEVE THAT. MEETINGS ABOUT TO HAVE TO NOW ON AROUND THEM. DEFINED. FUTURE OF THIS CITY. BEING PUT FORTH. THE ISSUES WERE IS BELIEVE IT OR NOT. I TRULY UNDERSTAND FOUNDATIONAL REASONS FOR IT. IT MAKES SENSE IS TOO MANY THINGS THAT HAVE BEEN NEGLECTED FOR TOO LONG. BY THE FALL, THE PREVIOUS COMMISSIONS MANAGEMENT. THAT ARE ABOUT READY TO PROVIDE THE SIZE. THE REASONING FOR THAT. I BELIEVE IN SOMETHING. BUT YOU ALSO NEED TO LET THE PEOPLE KNOW THAT POLICY DOESN'T PASS RIGHT PROBLEMS SHOULD BE BROUGHT BACK. AND DIVIDE. PUT HORSE BEFORE THE CART. I MEAN THE CART BEFORE THE HORSE THAT'S RIGHT WITH BUCKET. OTHER THAN THAT. I'M LOOKING FORWARD TO HAS THAT'S GOING TO BE A BIG ONE FOR ME. AND YOU ALL KNOW WHAT. THANK TO SEE YOU BET, I'M GOING TO OUT IN THE COLD WILL OF THAT OR THEY MUST TAKE I THANK THAT IS ALL. OKAY. I HAVE >> 24 DASH 1, 3, 4, 0, CITY MANAGER THIS IS YOUR ITEM. >> THANK YOU MADAM CHAIR, COULDN'T WORK THAT WENT BEFORE THE ROAD DISCUSSION OF POSSIBLE DIRECTION REGARDING THE CITY OF PORT. SO IT A WE DO HAVE THIS BUT I DO KNOW THAT IF WAS HERE TO TO DISCUSS WHAT I BELIEVE PROVIDED THE MIDDLE AND YOU GOOD MORNING. >> FOR THE RECORD TODD MILES LEGISLATIVE SO I DID SEND A MEMO TO LATE JULY. I'M KIND SETTING THE TABLE FOR THIS DISCUSSION. THERE ARE FEW MAJOR POINTS JUST FOR YOU WITH YOU. ONE IS THAT BECAUSE THIS IS AN ELECTION YEAR. THE STATE LEGISLATURE WILL NOT CONVENE UNTIL MARCH 4TH. SO WE'RE STILL QUITE A WAYS AWAY FROM THAT SESSION. COMMITTEES WILL BEGIN TO MEET IN JANUARY EVEN SO THAT'S STILL 3 MONTHS AHEAD OF US. SO THERE HAS NOT BEEN A LOT INFORMATION AVAILABLE YET ON WHAT OUR LEGISLATORS RATHER LEGISLATORS WILL BE TAKING UP JUICES THIS YEAR. DID PROVIDE TO YOU WINGS TO OUR STATE PRIORITIES AND FEDERAL LAST YEAR JUST FOR YOUR REVIEW. AS YOU MAY RECALL WHEN WE TRAVELED UP TO TALLAHASSEE TO MEET WITH OUR LEGISLATORS. WE CHOSE TO EMPHASIZE FUNDING SOME OF KEY PROJECTS AND THE CITY. UNFORTUNATELY. ALTHOUGH REQUESTS THAT WE MADE WERE INCLUDED IN THE STATE LEGISLATURE'S BUDGET. THE GOVERNOR CHOSE TO BE YOU KNOW ALMOST THE ENTIRE PORTION OF THE STATE BUDGET. THAT INCLUDED LOCAL LEGISLATIVE APPROPRIATIONS INCLUDING INCLUDING THOSE FROM ACROSS THE STATE HOLDING APPROXIMATELY BILLION DOLLARS. AND THE TIME OF HIS MESSAGE HE CITED HIS CONCERNS THAT THIS MONEY WOULD BE BETTER ALLOCATED TO GOING UP THE STATE'S RESERVE FUNDS VENUES FOR THE VARIOUS PRIORITIES FOR WHICH IT WAS APPROPRIATE. JUST AS AN ADDENDUM TO THAT AS YOU MAY BE AWARE THE STATE BUDGET STAFF COME OUT WITH THE RECENT PROJECTION LAST WEEK I THINK IT WAS. AND IT'S NOT A ROSY PROJECTION FOR THE STATE LOOKING FOR THE NEXT FEW YEARS. BUT PROJECTING MODEST SURPLUS NEXT YEAR. AND THEN SIGNIFICANT MULTI-BILLION DOLLAR DEFICITS FOR THE STATE 2, 3 YEARS OUT. OBVIOUSLY OF PROJECTIONS THERE WILL BE A LOT OF DECISION-MAKING THAT GOES INTO THE FINAL RESULT, INCLUDING WEATHER TAXES WILL BE RAISED EXPENDITURES WILL BE SET BUT ANY I WOULD SUGGEST THAT WE TEMPER OUR EXPECTATIONS, JUST LATE OF REQUESTS THIS YEAR. BECAUSE OF DISPUTE OVER FROM LAST YEAR BECAUSE OF CLOUDY FISCAL PICTURE STATE'S UP WHAT WE FACE I HAVE NOT HEARD BACK FROM UFOS ALTHOUGH IT DID GET SOME. FEEDBACK WHICH INCLUDED IN MY MEMO AT THE TIME. DEVELOPMENT SERVICES DEPARTMENT SETTING FOR SOME PRIORITIES CONSIDERATION THIS YEAR. I'M ALSO FROM THE POLICE DEPARTMENT. IT WAS ANOTHER ITEM CHIEF TITUS BROUGHT TO MY ATTENTION HAVING TO DO WITH A COUNTY PROPOSAL TO ELIMINATE MANDATORY FROM ALL STATE STATUTES DEALING WITH ACCUSATION PROCEDURES. I'M NOT SURE SHE POINTED TO COMMENTS YOU I'M BUT IF HE DOESN'T LET HIM AWAY EVERY I'M NOT WITH YOU. YOU ALSO RECEIVED A ON SEPARATE EMAIL FROM AN OUT ON FRIDAY A COPY OF THE ADOPTED COUNTY PRIORITIES WHICH ARE PRETTY EXPENSIVE. ALSO YOU KNOW MAY BE RELEVANT DISCUSSION WHAT YOU WANT TO SUPPORT OR OPPOSE ANY OF THOSE THINGS FOR DOUG TELL SOME OF THEM THE CITY'S PRIORITIES. WITH THAT I GUESS I WOULD WIDE OPEN THE DISCUSSION AS I SAID WE'RE WE'RE QUITE A WAYS AHEAD OF THE GAME HERE SO I KIND OF YOU THIS IS THE INITIAL DISCUSSION I WOULD ASSUME THAT WILL PROBABLY COME BACK AND REVISIT THE AS WE MOVE FORWARD AND APPROACH THE SESSION. >> THANK COMMISSIONER QUESTIONS OR COMMISSIONER MCDOWELL. >> IF WE COULD I'D LIKE TO LEARN MORE ABOUT THIS. REMOVAL OF MANDATORY EVACUATIONS IT SEEMS THAT SET OFF THAT'S SOMETHING >> SO COMMISSIONERS SCOTLAND'S FROM FIRE RESCUE CURRENTLY RIGHT NOW COUNTIES TO OUR NORTH SOUTH THE WORD MANDATORY IT COMES TO EVACUATIONS. THERE'S BEEN A PUSH IN SEVERAL DIFFERENT AREAS IN THE STATE TO REMOVE THAT LANGUAGE. THIS IS THE FIRST I'VE HEARD OF ♪ IT AS A PUSH TO MOVE FROM STATE STATUTE. BUT THERE'S BEEN A PUSH THROUGH SOME OF THE RECENT STORMS ARE LAST SEVERAL YEARS SOME ACCOUNTS OF KIND OF SOFTENED THAT I A LITTLE BIT THE CONCERN WHEN TERM AND TORIES USED IS THAT SOME PEOPLE ENVISION THAT YOU'RE GOING TO COME TAKE THEM FROM THEIR HOMES THEY HAVE TO GO. BUT IT'S NOT CASE. I BELIEVE THE STRONG LANGUAGE BECAUSE WE'VE HAD PEOPLE PASS ONE. WE GO ESPECIALLY IN MOBILE HOME PARKS AREAS WE DON'T USE THAT WORD TEND TO NOT GO US THAT WHAT MANDATORY. OF COURSE WE'RE GOING TAKE SOMEBODY SCREAM FROM THE HOME BUT WE WANT TO USE AND WHAT WE WANT THEM ♪ TO KNOW WE USE THAT LANGUAGE IS THAT IF THEY CHOSE NOT GO. YOU KNOW THAT'S THAT'S MAKING IT A SIGNIFICANT CHOICE THAT COULD BE HOURS DAYS. SO EMERGENCY SERVICES GET SPENT POWER BE RESTORED TO ALL ALL KINDS THE FACT THAT COULD PRESENT TO ♪ WE WORK-SEARCH ACCOUNTING AND OTHER RESCUES A LITTLE DIFFERENT WE HAVE A GREAT RELATIONSHIP WITH THEM NOW VERJEE REASONS ARE WORKING GREAT TOGETHER. THE FACT THEY WANT TO CHANGE THAT IT A PERSONAL STANDPOINT, MY EXPERIENCE HERE, ESPECIALLY IN ♪ THE CITY. JUST DON'T THINK FOR US THAT IT >> I KNOW THAT THEY >> IF WE REMOVE MANDATORY. AND OBVIOUSLY WE'RE NOT TAKING PEOPLE KICKING AND SCREAMING FROM THEIR HOME. THE FLIP SIDE IS WELL WHY SHOULD I LEAVE IT'S NOT MANDATORY TO YOUR POINT SO HOW WHAT TEENS ARE WE GOING TO HAVE TO BE ABLE TO EDUCATE THE CITIZENS. THE DIRE CONSEQUENCES IF WE'RE REMOVING MANDATORY. WHAT WHAT ELSE CAN WE DO THAT I MEAN WE JUST SAY WE SUGGEST >> AS YOU KNOW EVERY YEAR WE DO A LOT OF EDUCATING THROUGHOUT COMMUNITY AND WE'RE TRYING TO GET AS MANY PEOPLE EXPOSED TO YOU KNOW THERE'S BEEN TERMINOLOGY LANGUAGE CHANGED IN THE PAST A CERTAIN THINGS EVEN WHAT WE CALL SHELTERS THINGS LIKE THAT WE'RE TRYING GET EVERYBODY. THIS IS ONE OF THE AREAS THAT I THINK PEOPLE STILL KIND OF GET STUCK ON YOU DON'T MANDATORY IT. IT'S NOT. IT'S NOT MEAN VARIOUS TO THEM. CERTAINLY WE WILL CONTINUE EDUCATE POWER. HOWEVER, THAT WE HAVE ASKED THE COUNTY HAS BEEN VERY GOOD THAT THEY SAID YOU KNOW THE INSTANT SHE DID USE QUESTION YOU COME FROM STATE STATUTE. YOU CAN A LITTLE BIT. YOU KNOW THE RUSHING DOWN HERE SOMETIMES DIFFERENT BECAUSE JUST AS BIG AS THE COUNTY IS SOMETIMES THE IMPACT WE RECEIVED STRONG COULD BE SIGNIFICANTLY DIFFERENT THAN WHAT THEY RECEIVE AND VICE VERSA SO. AS I SAID REGARDLESS OF WHAT THE OUTCOME IS RECURRING HEART EDUCATE THE PUBLIC. I JUST THINK THAT'S ONE OF THOSE AREAS WHERE. STRENGTH OF THE IS IMPORTANT. >> THANK YOU FOR THAT I I WILL YIELD ON FRONT BUT I I DO HAVE A COUPLE COMMENTS REGARDING THE LEGISLATIVE PRIORITIES CHART. >> YOU MY FELLOW COMMISSIONERS, VICE MAYOR DID YOU HAVE SOMETHING ABOUT THIS IS THAT WHAT YOU KNOW IN GENERAL. NOT ABOUT THE MAN IN LET'S JUST STAY ON THAT TRACK MITCHELL AND DID YOU HAVE SOMETHING ABOUT THE MANDATORY NO I DON'T. OKAY I DIDN'T I DIDN'T QUESTION ABOUT SO THIS IS THIS IS FROM THE COUNTY AND APPLIES TO ALL MUNICIPALITIES AS WELL. >> IT GOES TO THE STATE REMOVED FROM STATE STATUTE THAT YES, IT WOULD APPLY. THAT ARE OKAY AND I'M SORRY TO DO. SAY WHAT WAS THE REASONING BEHIND. THIS SO THEIR CONCERN WE'VE BEEN COMMUNICATE WITH THEM. I WANT THE WORDS THAT ARE OUT BUT THE COMMUNICATION THEY ASPECT OF US WAS THEY BELIEVE USING THE TERM ENTRY CAUSE CONFUSION. ACTUALLY HAVE A DIFFERENT OPINION I BELIEVE NOT USING TERM CAUSE CONFUSION, ESPECIALLY CONSIDERING CURRENTLY. THE ONE THING I DO THINK THEIR STATE IS RIGHT ABOUT THAT IS BECAUSE THERE ARE COUNTIES THERE ARE AREAS AND MUNICIPALITIES IN THE STATE AS I SAID THAT AS HAS CHANGED AND ITS PEOPLE HAVE BECOME OFFENDED OVER CERTAIN THINGS WERE WORRIED ABOUT CERTAIN THINGS WORRIED ABOUT THAT ROLE OF GOVERNMENT UNDERSTAND ALL OF THAT. SO I THINK THE VIEW IN SOME AREAS TO SOFTEN THAT APPROACH SOFTEN THAT WORKING A LITTLE BIT BECAUSE SOME PEOPLE WERE VERY WORRIED THAT WORD MANDATORY IS USED THAT MEANT LIKE YOU KNOW THE POLICE ARE COMING THEY'RE GOING TO DRAG YOU OUT HOUSE WHEN THE FIRE DEPARTMENT OF COURSE THAT'S NOT TRUE. EITHER WAY HOWEVER, THE LANGUAGE REMAINS WE NEED TO CONTINUE TO WORK HARD TO EDUCATE YOU KNOW THE PERSON OF THE PEOPLE IN OUR COMMUNITIES AND SO WE MAKE SURE THAT THEY'RE DOING THE RIGHT THINGS ONE THAT TIME COMES. PERSONALLY I BELIEVE RIGHT NOW THAT IS WORKING TO IF IT'S REMOVED. SET UP UNTIL THESE VERY PAST STORMS. TO COUNTY AND CHARLOTTE COUNTY STILL USING. YOU KNOW THAT FOR MANDATORY AND ESPECIALLY BARRIER ISLANDS LOW-LYING AREAS MOBILE HOME ARE ALWAYS THE ONES THAT ALMOST EARLY ON TO GET A MANDATORY EVACUATION BECAUSE WHEN YOU GIVE THEM THE MOST TIME ABOUT 3 THEY HAVE THE GREATEST CHANCE OF >> ALL RIGHT, YEAH, I BELIEVE THAT THAT THAT SOME OF THAT WAS PROMPTED BY PEOPLE THE CLIMATE OF PEOPLE OVERREACH OF GOVERNMENT YOU JUST TELL ME I HAVE TO LEAVE BUT. YOU SAID THAT IT'S IF IT IS DESIGNATED AS MANDATORY AND PEOPLE DON'T LEAVE. THAT YOU MAY NOT BE ABLE TO GET TO THEM IS THAT THAT'S A PART OF THAT THE DEAL THAT'S GREAT. WE SAY THAT THAT MEANS. >> BASED ON RECONSIDERING THOSE AREAS PEOPLE HAVE LEFT RIGHT AND SO ONE THERE ARE USUALLY MORE IMPACTED WHICH IS WHY THAT TYPE OF ACCUSATION. MORE IMPACT AND IT'S MORE DIFFICULT TO GET TO IT SO THAT WE PRIORITIZE RESCUE FOCUS WAS THE STORMS PASSED ON AREAS THAT MANDATORY EVACUATION. SOMETIMES BECAUSE WE'RE THERE THOSE AREAS ARE CLEAR. WHAT WE DO HERE IN THE CITY I CAN TELL YOU IS WHEN WE COME THROUGH WE'VE HAD BEEN TREBECK QUESTIONS WE STILL GOT TRY FIND OUT WHO'S NOT LEAVING. STRANGER THAT AFTER STORM DOES PASS IF WE CAN ACCESS THOSE COMMUNITIES. WE DID IT WITH A. MOBILE HOME PARK HERE. WENT IN AFTER THE HURRICANE. THOSE PEOPLE THAT SAID THEY WERE STAYING THERE WANT TO CHECK ON TRYING TO FIRST CHECK ON THEM. >> DO THAT OK SO BY REMOVING THE MANDATORY YOU FOR WANT OF A BETTER WORD WOULD BE PRIORITIZATION WORDS THOSE WHO AND MANDATORY AND THEY THEY SHOULD GET OUT THERE ON THEIR OWN, SO YOU CAN FOCUS ON THOSE WHO MAYBE WEREN'T MANDATORY BUT STILL WE CAN'T WE CAN STILL PRIORITIZE WE TRY TO DO THAT BUT I WILL TELL YOU THAT A LOT MORE PEOPLE STAY WHEN YOU DON'T USE THAT WE'RE HAVING HERE FOR 32 THE MOBILE HOME PARK OVER HERE WE USE THE MANDATORY THERE ARE STILL PEOPLE THAT STAY RIGHT. >> BUT YOU CAN DOUBLE THAT NUMBER AT LEAST IF YOU DON'T USE THE WORD MANDATORY COMMENT JORDAN. A QUESTION OUT >> I'M PERSONALLY I THINK THE SAFETY OF OUR RESIDENTS IS WAY MORE IMPORTANT THAN PEOPLE SENSE OF DELEGATES JUST TO PUT THAT OUT THERE. AND WHAT'S REALLY THE REST IF NORTH PORT CHOOSES TO CONTINUE TO USE THE MANDATORY TERM I MEAN WE GOING TO BE SO AND REALLY WHAT'S GOING TO HAPPEN. I DON'T I DON'T BELIEVE THAT THERE IS WHAT IT WAS BROUGHT TO JUSTICE. >> AS A FORMALITY THOUGHT IT WAS APPROPRIATE FRESHENING TO EXPRESS THAT. I FOR ONE TAKE THE MANDATORY MINIMUMS IMPORTANT TO KEEPING PEOPLE SAFE. >> I HAVE LIGHTS ON BUT IT WAS THAT ANYTHING TO DO IT WITH THIS TOPIC BEFORE YOU BOUGHT. ♪ VICE MAYOR SOME YOU KNOW LAST YEAR ♪ WHEN WE LOOKED AT OUR LEGISLATIVE. I ALREADY SPOKE STATE AND COUNTY LEVELS. WE WERE VERY TARGETED AND I APPRECIATE THAT THE GOVERNOR YOU KNOW FOR THE REASONS HE SAW FIT TO. >> SLASH THE BUDGET AND WE WERE CASUALTY LIKE LIKE MOST MUNICIPALITIES WITH REGARD TO SPECIFIC PROJECTS I LIKE APPROACH I THINK THAT PEACE THIS LIST THE LEGISLATIVE PRIORITY SAYS. YOU KNOW QUITE FRANKLY WINDOW DRESSING IT IT IS GENERAL. IT IS LIKE. EVERYBODY AGREES WITH THAT. BUT IT DOESN'T ASK FOR ANYTHING AND I'D BE MUCH MORE. MEAN DOUBLE TO TARGETING AND DOUBLING DOWN ON SOME OF THE SPECIFIC PRIORITIES WE ASKED FOR SPECIALLY STORMWATER MANAGEMENT ISSUES. SPECIALLY SUNCOAST TECHNICAL YOU KNOW. EVERYBODY WANTS TO SEE INSURANCE RATES GO DOWN. YOU KNOW I I DON'T EVEN TALK ABOUT JAIL JUVENILE BECAUSE THAT DEPENDS ON YOUR PERSPECTIVE MENTAL EVERY EVERY MUNICIPALITY NEEDS THE MIDDLE PEOPLE BUT I MEAN TARGETING DOWN IF THEY'RE GOING TO SAY NO I'M LET HIM BE ON RECORD SAYING THAT NO THEY'RE REJECTING ARE SPECIFIC REQUEST FOR PROJECTS WE NEED HELP IN OUR CITY SPECIFICALLY FOR STORMWATER MANAGEMENT ISSUES EDUCATION FOR OUR CITIZENS, SO AS WE GROW AND HOSPITALS COULD LONG BORDER. >> WE HAVE PEOPLE WERE POSITION TO TAKE ADVANTAGE OF THOSE JOBS AND I SEE NO REASON WHY WE SHOULD DOUBLE DOWN AND GO RIGHT BACK AFTER THE COUNTY OR THE STATE AND THE FEDS AND SAY WELL THIS IS WHAT WE NEED A LOT CAN CHANGE BETWEEN AND LEGISLATIVE SESSION AND YOU KNOW WHAT. >> IF EVERYBODY AND OPS THIS YOU KNOW, HERE'S YOU KNOW GENERALLY EVERYBODY AGREES SHOULD BE. YOU KNOW FOCUSED ON I MEAN IT DOESN'T ASK FOR ANYTHING IT JUST SORT OF IS JUST SOME GENERAL JUST SO I MEAN IF THIS CAME TO ME AND AND AND I WAS JUST REPRESENTATIVE OR FEDERAL I WOULD SAY OKAY WITH IT. THE FINAL. I MEAN THERE'S THERE'S NO WAY SO I REALLY DON'T LIKE THIS APPROACH I DO THINK THAT THIS SET OF LEGISLATIVE PRIORITIES DOES ANYTHING AND YOU KNOW THAT'S JUST MY OPINION MY TAKE ON THIS SO I THINK WE'RE GOING EXACT OPPOSITE DIRECTION OF WHAT WE DID LAST YEAR AND I LAST YEAR WAS MORE TARGETED EVEN IF WE GOT REJECTED SO SHOULD ASK AGAIN AND AGAIN AND AGAIN. >> IT OK, THANK COMMISSIONER LANGDON. ♪ >> THANK YOU MADAM MAYOR I HAD A VERY SIMILAR REACTION TO THE WEST I FOR ONE BELIEVE LESS IS MORE THE LESS YOU ASK FOR THEM OR IMPACT THE ASK HAS. >> I WOULD BE PERFECTLY OK. >> WITH HAVING A GENERAL STATEMENT THAT WE SUPPORT STATE FOR EXAMPLE STATE LEGISLATIVE PRIORITIES AND THAT'S A SUBSET PARTICULARLY ABC AND THEN IDENTIFY A COUPLE OF AND. BUT POPPED OUT AT ME AGAIN WAS NOT JUST WATER QUALITY IMPROVEMENTS, BUT REALLY STRONG WATER MANAGEMENT OUR CITY IS COMING UP WITH A 50 YEAR PLAN SOME OF THE THINGS WE'RE CONSIDERING WILL REALLY REQUIRES STATE AND. INTER LOCAL SUPPORT FOR EXAMPLE, CONSIDERING THE CREATION OF A REZA LAW UPSTREAM ON THE MYAKKA HACHI CREEK THAT'S REALLY THAT IS A BRILLIANT STRATEGY AND THAT IT NOT ONLY WOULD HELP US CURB FLOODING. IN THAT AREA OF NORTH PUT IT WOULD ALSO PROVIDE AN ALTERNATIVE WATER. SO US FOR THE FUTURE, WE KNOW OUR WATER TABLE I DON'T KNOW SOME PEOPLE SAY IT'S DECREASING I WOULD SAYING IT'S INCREASING AND IT HAS THE OPPORTUNITY OF PROVIDING BENEFITS AS WELL, A PROJECT LIKE THAT IS REALLY GOING TO NEED STATE SUPPORT AND INTER LOCAL SUPPORT SO. I'M NO WORDSMITH THING FROM THE DAIS BUT I THINK STORM WATER MANAGEMENT CLEARLY NEEDS TO BE ONE OF PRIORITIES AND I THINK OUR UTILITIES DO A BETTER JOB THAN I COULD DO AND ARTICULATING PRECISELY WHAT THAT ASKED SHOULD BE. >> ON THE OTHER THING THAT POPPED OUT AT ME TOO. >> AS THE SADOWSKI FUND. FOR 2 TO USE THAT FOR AFFORDABLE HOUSING. >> IF WE KEEP THAT IN. >> I WOULD RATHER CHANGE THE LANGUAGE TO SAY. THAT RATHER THAN SUPPORTING USE OF THE SADOWSKI FUND THE LOCAL HOUSING. I WOULD SAY LIMITING THE USE OF THE SADOWSKI FUND TO SUPPORT THE DEVELOPMENT OF AFFORDABLE HOUSING. BECAUSE THE REASON THAT FUND IS NOT USEFUL IS THAT IT'S BEING USED FOR A VARIETY THINGS THAT RELATED TO HOUSING. SO IF WE KEEP THAT IN I WOULD RECOMMEND REALLY PUTTING SOME TOO. AND SAYING THAT WE WOULD LIMIT OR RESTRICT THE USE OF THOSE FUNDS. ♪ ♪ ANYTHING ITS. I THINK THOSE WERE THEM MAJOR THINGS FOR ME. YEAH SO I TOLD YOU. COMMISSIONER MCDOWELL, >> THERE'S A COUPLE POINTS. I WANT I WANT TO JUST GET OUT SINCE THE LEGISLATIVE SESSION DOESN'T START UNTIL JANUARY. WE KNOW FOR A FACT BASED ON PAST EXPERIENCE OR STATE LEGISLATORS REALLY AREN'T DOING ANYTHING BETWEEN NOW AND CHRISTMAS ANYHOW THEY'RE BUSY WITH THEIR ELECTION. ONCE THEY GET ELECTED THEY GET ASSIGNED TO COMMITTEES MOST OF THEM DON'T EVEN KNOW YOU THOSE ELECTED OFFICIALS THAT ARE NEW. THOSE THAT ARE IN OFFICE CURRENTLY THAT GET REELECTED. THEY'RE NOT GOING TO BE DOING MUCH BETWEEN NOW AND LEGISLATIVE SESSION ANYWAYS. MY SUGGESTION IS TO POSTPONE THIS DISCUSSION BECAUSE WE KNOW WE'RE GOING TO HAVE AT LEAST ONE NEW BOARD MEMBER. ON THIS BOARD IN NOVEMBER. AND I REALLY THINK IT WOULD BE SHORTSIGHTED FOR US TO MAKE DECISIONS FOR THE NEXT BOARD. I AGREE THAT WE NEED TO KIND OF HAVE A. BEGINNING CONVERSATION TO KNOW WHERE WE'RE HEADED BUT WE DON'T EVEN KNOW WHERE WE'RE HEADED WE DON'T EVEN KNOW STATE LEGISLATURE TO COME YET. SO I JUST MAYBE POSTPONE THIS CONVERSATION TO THE FIRST MEETING THAT HAS THE NEW BOARD. WOULD MOST PRUDENT THING TO DO. THE LEGISLATIVE PRIORITIES ARE JUST THAT LEGISLATIVE. THE REQUEST THE WAY WE HANDLE THAT LAST YEAR WHERE IT WAS EXTREMELY TARGETED TO APPROPRIATIONS IS NOT REALLY LEGISLATIVE. >> IN MY MIND IN MY OPINION WE'RE AT. >> TOO OFTEN OUR LEGISLATORS COME UP WHEN WE GO UP TO VISIT WITH THEM. WE ARE TRYING TO PROTECT OUR ABILITY TO HAVE ROLE WE ARE TRYING TO PROTECT. SO WAS THAT THEY ARE MAKING THAT INFLUENCE AND IMPACT THE CITY IN USUALLY A NEGATIVE MANNER. THERE HAS BEEN A FEW TIMES WHERE WE HAVE SUPPORTED SOME OF THEIR LEGISLATIVE INITIATIVES. BUT APPROPRIATIONS IS SOMETHING TOTALLY DIFFERENT. AND I DON'T THINK THAT. DOCUMENT BEFORE US THAT 2025 STATE LEGISLATIVE PRIORITIES. >> IS TO BE ABOUT APPROPRIATIONS. YES, WE CAN USE WE ARE SUPPORTING THE STATE GIVING US RESOURCES. 4. >> STORM WATER FOR HOUSING OUR TRANSPORTATION NEEDS BUT THOSE ARE OUR LEGISLATIVE PRIORITIES THAT WE ARE TRYING TO PROTECT. THE STATE FROM COMING IN AND SAYING NO YOU CAN'T DO THIS. YES YOU CAN DO THIS IN A PERFECT EXAMPLE IS THE STATE. >> HINTING AT THE FACT THEY'RE GOING TO BE REMOVING THE WORD MANDATORY EVACUATION. >> TO ME THE ROLE OF US AND OUR LEGISLATIVE PRIORITIES LIST. THE CITY'S GOVERNMENTAL AUTHORITY TO BE ABLE TO ENACT LAWS FOR OUR CITY AND. HAVE LESS INTERFERENCE FROM THE STATE, ESPECIALLY WHEN WE KNOW WHAT'S HAPPENING HERE IN OUR CITY THAT WE NEED THE MOST. >> THIS IS THE CITY MANAGER STAFF HAVE DONE A GREAT JOB WITH COMING UP WITH APPROPRIATIONS AND THOSE APPROPRIATION REQUESTS. AND I THINK THAT THAT VERY ADMIRABLE AND YES WE CAN HELP HIM PIGGYBACK OFF OF THOSE EFFORTS BUT LEGISLATIVE PRIORITIES ARE COMPLETELY DIFFERENT IN MY MIND CREATED A PRIORITIES. I'M GOING TO YIELD THAT THERE ARE A FEW THINGS AND I AGREE WITH COMMISSIONER LANGDON LOSSES MORE I'VE BEEN SAYING THIS FOR A VERY LONG BECAUSE THEY ONLY SPEND IT'S KIND OF LIKE A JOB APPLICATION THEY SPENT THEIR EARLY 36 SECONDS LOOKING AT THIS LEGISLATIVE PRIORITY LIST AND GO. YEAH THAT'S NICE NEXT. SO WE HAVE TO MAKE IT MEANINGFUL AVENUE SLEE UPDATE THE STATISTICS ON THE BACK AND AND JUST MAKE IT MORE TARGETED AS FAR AS WHAT WE EXPECT FROM OUR STATE LEGISLATORS TO HELP PROTECT US. SO WE CAN. AND HAVE LAWS THAT ARE BENEFICIAL TO OUR CITIZENS INSTEAD OF BEING. MANDATED AND ALSO. COSTLY THOSE MANDATES UNFUNDED MANDATES BY THE STATE SO. I WOULD MY THOUGHTS AND WE'LL FIGURE IT OUT FROM THE THANK YOU. >> ALL COMMISSIONER >> I READ THROUGH ALL THIS STUFF LIKE OVER THE LAST FEW DAYS GOING WITH THE COUNTY I JUST WANT TO SHOW SOME SUPPORT ON FEW OF THE ITEMS THAT THEY PUT IN ESPECIALLY UNDER THE ENVIRONMENTAL PORTION OF THEIR STOP FOR LEGISLATION AND I AGREE WITH OPPOSING THE PREEMPTION OF LOCAL FERTILIZER ORDINANCES. BECAUSE I MEAN WE KNOW WHAT WE'VE SET IN STONE DOWN HERE ON WHAT WE'D LIKE TO WANTED WHEN IT'S GOOD TO DO WHEN IT'S NOT GOING TO DO BECAUSE WE SEE WHAT THE RUNOFF DOES DOWN HERE. YOU KNOW I I WANT TO SUPPORT THAT TO WHERE THEY CANNOT GET PUT THEIR HANDS AND SAY ON OH YEAH YOU CAN FERTILIZE ALL YEAR AND I HAVE A NICE IDEA. AND ALSO UNDER THE ENVIRONMENTAL I OPPOSE I AGREE WITH OPPOSING LIMITATIONS ON TO THE ABILITY TO REGULAR WETLANDS AND MITIGATE IMPACTS TO WETLANDS OR THE PROTECTION OF NATURAL RESOURCES, INCLUDING NATIVE HABITAT TREES SO. >> BASICALLY I JUST WANTED TO SHOW SUPPORT THAT THE COUNTY IS LOOKING OUT FOR THE BEST INTERESTS OF THE COUNTY AND WITH THE CITY I WOULD LIKE SUPPORT THE BEST INTERESTS OF THE CITY AS WELL AND THESE PRIORITIES. SO AND I AGREE I'VE SEEN WHERE DEPARTMENT HAD PUT IN THEIR REQUESTS A STEP TOO I READ IT TO THEM AND THEIR SPOT AND ALSO AS THE I MEAN I THINK WE'VE GOT A GOOD. RATIONALITY I'M WHAT WE WE AGREED TO SEE FORWARD IN OUR POLICIES AND I AGREE WITH THAT SO I MEAN I AGREE MOSTLY WITH EVERYTHING THAT THE COUNTY PUT OUT I JUST WANT TO EMPHASIZE ON THESE 2 TO PUT HIM IN THE CITIES WAY TOO SO >> VICE MAYOR WE GO TO YOU BECAUSE I WAS WAITING FOR EVERYBODY ELSE TO TO WEIGH IN SO I COULD PIGGYBACK BUT AND VICE MAYOR YOU SAID YES I I THINK WE NEED TO GO ON RECORD TO PUTIN ARE SPECIFIC ASKS SO IF THEY'RE GOING TO SAY NO IT'S ON RECORD. THEY SAID NO. I LIKE TO SEE THEM BE MORE SPECIFIC WHEN WERE SAYING WHY DO YOU EXTEND THAT LOCAL ROADS LEADING TO EVACUATION ROUTES. I THINK WE SHOULD MENTION PRICE BOULEVARD, I MEAN AT SOMETHING MORE SPECIFIC SO ITS MISSION MCDOWELL SAID WHEN YOU GO AND TALK TO THE LEGISLATORS THAT IT'S VERY VAGUE BUT IF SOMETHING IS VERY SPECIFIC. THAT THEY WOULD UNDERSTAND FIRST BOULEVARDS ARE MAJOR EAST-WEST CORRIDOR TO GET OUT OF HERE AND THAT WOULD MAKE MORE SENSE TO THEM BECAUSE AGAIN WE HAVE FEW MINUTES TO TALK TO THEM. SAME THING WITH CONSTRUCTION OF NEW I 75 INTERCHANGE IS KNOWN SPECIFICALLY WHERE ARE THE SO THAT THEY ♪ UNDERSTAND. GEOGRAPHICALLY WHERE THEY ARE IN THE SCOPE OF THINGS SO I JUST THINK A LITTLE MORE SPECIFIC WITH WITH THAT BUT I DO AGREE WITH THE VICE MAYOR AGAIN THAT WE NEED TO ASK. AND PUT IT OUT THERE THAT THESE ARE THESE PRIORITIES WITH US. ♪ SO VICE MAYOR TAKE >> YOU KNOW BIG BACK A LITTLE ON WHAT I SAID BEFORE YOU KNOW IT WAS INTERESTING LISTENING TO COMMISSIONER, RICK PERSPECTIVE AND PHILOSOPHICALLY IT'S YOU KNOW I DON'T NECESSARILY DISAGREE PHILOSOPHICALLY WITH LEGISLATIVE AGENDA SHOULD BE LEGISLATIVELY OR IT COULD QUITE FRANKLY OUR STATE LEGISLATURES LEGISLATORS LIKE THEY HAVE A MINDSET AND THEY HAVE A PHILOSOPHY OF WHERE THEY'RE HEADED AND WHERE THE GOVERNOR WANTS TO LEAD DIRECT THEM OR ORAL MOTIVATE THEM. AND WE ONLY GET A VERY SMALL OPPORTUNITY TO CONNECT WITH OUR LEGISLATORS AT THE STATE OF THE FEDERAL LEVEL AND I THINK THAT IT'S IMPORTANT THEY GET IT RIGHT BETWEEN THE EYES WITH WHAT OUR SPECIFIC MUNICIPAL BECAUSE IT STAYS WITH THEM AND THEN WHEN YOU SEE THOUGH THROUGHOUT THE YEAR PERIODICALLY THEY REMEMBER THAT YOU KNOW OWN, YOU YOU KNOW TRYING TO GET YOUR MONEY FOR THIS OR WHEN YOU SEE WHAT I CAN DO FOR IT IT'S REALLY JUST THE GENERAL CAN BUY OFF AND AND THAT'S YOU KNOW I DON'T THINK WE TAKE ADVANTAGE OF BOTH THAT EVEN OPPORTUNITY WE HAVE PHILOSOPHICALLY I GET WHAT THIS IS ALL ABOUT FROM A PRACTICAL STANDPOINT I SAY LIKE YOU KNOW LET'S PLAY IN THE ANKLE SO THAT THEY REMEMBER US BECAUSE WE NEED HELP AND WITHOUT COUNTY STATE FEDERAL COLLABORATION. I'M TELLING YOU I BELIEVE DEEPLY IN MY HEART, A PALACE ARE NOT GOING TO BE ABLE TO COPE WITH THE INFRASTRUCTURE PROBLEMS THAT WE FACE AS OUR POPULATION IS GROWING HERE AND THEY NEED TO GET HAMMERED OVER AND OVER AND OVER AGAIN ABOUT HOW IMPORTANT THEY ARE FROM WIDENING OF STREETS TO STORM WATER MANAGEMENT STUFF TO WATER AND SEWER CONVERSIONS TO BRIDGES TO WATER STRUCTURES. THIS IS WHAT EVERYBODY OUR CITIZENRY NOT JUST IN EVERYONE IS DEMANDING FROM AS SOUTHWEST FLORIDA EXPLODES THAT TO ME WOULD BE THE MOST IMPORTANT A WAY OUT IF WE IDENTIFY SPECIFIC MAYBE IF OTHER MUNICIPALITIES ARE DOING THE SAME THING MIGHT SAY GEE EVERYBODY'S GOT COMMONALITY MAYBE IT MAKES SENSE TO START MOVING PAST JUST SOME GENERAL CONVERSATION AT TO LIKE SOME REAL TARGETED PROJECTS BECAUSE SO DO YOU KNOW IT'S GOING TO BE TO SOONER OR LATER, YOU KNOW WHEN PEOPLE ARE. FACING THE REALITIES STORM AFTER STORM AFTER STORM. MAY BE THE WAKE-UP TELLING WAS THE GOVERNOR WHEN WAY SARASOTA LIKE WE'VE GOT TO LIVE WITH THIS WAS SORT OF PUT IT AND I MEAN WHERE EVERYTHING QUITE FRANKLY EXCUSE ME SEPTEMBER BUT YOU KNOW LIKE ITS TIME IT REALLY IS SO ANYWAY. >> IT'S A TO SAY THANK YOU. VICE COMMISSIONER DOUBT, YEAH, I JUST TO FOLLOW UP THANKFULLY WE GOT FERTILIZER ORDINANCE IN BEFORE IT WAS PREEMPTED. SO I'M I'M VERY GRATEFUL THAT WE WERE VERY PROACTIVE IN THAT. >> AND I'M HEARING MY FELLOW COMMISSIONERS AND I AND I UNDERSTAND THE NEED FOR. MAKING SURE THEY UNDERSTAND WHAT OUR REAP APPROPRIATION REQUESTS ARE. MAYBE WE CAN DO BOTH ON THE SAME DOCUMENT PUT IN THEIR LEGISLATIVE PRIORITIES THAT WE WE OPPOSE AND THOSE ALREADY AND THEN HAVE OR 2025 APPROPRIATION REQUEST PRIORITIES AND AND LIST OF BECAUSE THEY DO GO HAND IN HAND, BUT WE CANNOT LOSE SIGHT OF WHAT THE STATE IS DOING TO CHANGE THE LAWS THAT HAS IMPACT ON THE CITY. >> BECAUSE IF WE DO NOT ADVOCATE FOR US THERE'S NOBODY ELSE GOING TO DO IT BETTER THAN WE CAN. AND THAT IS PART OF WHAT OUR ROLE AS A COMMISSIONER IS AND PART OF THE PURPOSE OF HAVING THESE LEGISLATIVE PRIORITIES. I YOU KNOW I STILL THINK THIS CONVERSATION SHOULD BE PUNTED WHEN WE HAVE THE NEW BOARD. >> AFTER THE SWEARING-IN CEREMONY THANK COMMISSIONER LANGDON. >> THANK YOU MADAM AND BOY I DIDN'T THINK I HAD A WHOLE LOT TO SAY ON THIS HAS BEEN A CONVERSATION AND. I'M HOPING THAT STAFF HAS GOTTEN A LOT OF GOOD INPUT IN TERMS THE FEEDBACK AND SUGGESTIONS THAT WITH MADE HERE TODAY. I I DO AGREE. COMMISSIONER MC DOWELL THAT PART OF OUR ROLE IS TO. EDUCATE IF I CAN SAY THAT EDUCATE OUR LEGISLATORS ON THE UNINTENDED CONSEQUENCES OF SOME OF THEIR ALL ASSAYS STATUTES I THINK THAT'S IMPORTANT SO I WOULD BE SUPPORTIVE OF HAVING ONE SECTION. DOES THAT PERHAPS. I ALSO THINK I I WOULD NOT BE AT ALL OPPOSED TO REVISITING THE NEXT DRAFT OF THIS AFTER THE ELECTION AS A WAY OF INCLUDING HIM. I'M SURE ANY NEW COMMISSIONERS IN ON THE CONVERSATION I THINK THAT WOULD BE VERY WISE AND THAT SOUNDS LIKE WE HAVE THE TIME TO DO THAT. LET ME ASK YOU MISTER MILES DO MESSED THINGS UP IF SO IT REVIEW THE NEXT DRAFT OF THIS AFTER NOVEMBER 5TH. >> NO AND I WOULD BE A STRONG ADVOCATE FOR DOING THAT YOU KNOW FOR THE REASONS THAT HAVE BEEN STATED HERE YOU'RE GOING TO HAVE TAKE NEW BOARD. NO ONE SORT OR ANOTHER, BUT CERTAINLY DIFFERENT OAKS YOU ALL OF OCCUPIED WITH YOU KNOW WE ELECTION CAMPAIGNS ARE LOTS OF LITTLE THINGS GOING ON SO I THANK NEED TO GET THAT WITH US, YOU KNOW GIVE US SOME SUBSTANTIVE FROM. SUGGESTIONS BUT I THINK WE NEED THE TIME TO DO THAT AND THERE'S PLENTY OF TIME AS I SAID BECAUSE LOOKS LIKE POUNDERS SO STRANGE DISCUSSION MAY BECOME MUCH MORE FOCUSED WHEN WE GET INTO THE. >> NOVEMBER DECEMBER TIME FRAME BRETT RENT SO I TOTALLY GET COMMISSIONER MCDOWELL AND PUT AND AS OUR SORT OF HOMEGIRL CHAMPION I I REALLY VALUE HER ON THAT TOPIC BUT I'M SORT OF BUT DOWN IN THE PERSON AND I ALSO LIKE THE IDEA OF ARE BEING REALLY SPECIFIC IN TERMS OF OUR NEEDS AND I THINK A BIG PART OF OUR ROLE WHEN WE GO TO TALLAHASSEE. IS TO GIVE OUR LEGISLATORS A BIG DOSE OF REALITY IN TERMS OF WHAT'S HAPPENING IN OUR STREETS BECAUSE MY OBSERVATION HAS BEEN WHETHER YOU'RE IN GOVERNMENT ARE CORPORATE. THE HIGHER UP YOU GO THE MORE INSULATED YOU ARE FROM REALITY DAY-TO-DAY REALITY SO I THINK THAT ALSO A BIG PART OF OUR ROLE WHEN WE GO TO TALLAHASSEE. AND I HAVE. SUBMIT MIGHT BE A VERY DUMB SUGGESTION, BUT I THINK PUSH AWFUL LOT OF WEIGHT ON THE VERY FEW MINUTES WE HAVE WITHOUT LEGISLATOR US WHEN WE GO TO TALLAHASSEE. YOU KNOW EVERYONE IS KIND OF CYCLING'S THROUGH. I KNOW MY BRAIN WOULD GO NOW HAHA WHAT THAT SO INTENSE LEVEL OF PERSONAL ENGAGEMENT ON THE ONE OR 2 DAYS THAT WERE THERE. HAVE WE HAVE HEARD ON A COMMUNICATIONS CAMPAIGN. TO OUR LEGISLATORS CAN WE EXPAND WHAT WE THE CONVERSATION WE HAVE WITH THEM AND USE OTHER CHANNELS PERHAPS LEADING UP TO. OUR DAYS IN TALLAHASSEE AND AND FOLLOW UP TO OUR DAYS IN TALLAHASSEE. I DON'T KNOW IF IT'S DIRECT WHY DON'T KNOW IF IT'S TEXT I HATE TAX BOMBS CAN CAN WE EXPAND OUR INVOLVEMENT BY DOING SOME OTHER THINGS BEFORE WE GO AND AND AFTER WE COME BACK. JUST THROWING IT OUT THERE. >> BUT I THINK YOU TALK ABOUT WE GO THERE WE ALL SIT TOGETHER WE NEED WITH SAY. >> MAYBE WE EVEN DO SOME. AM WINDS ARE SOME MAILS ARE YOU KNOW SOMETHING LEADING UP TO THOSE I MEAN MY PRESENTATION TRAINING IT WAS ALWAYS SORT OF TELL THEM WHAT YOU'RE GOING TO TELL THEM TELL THEM AND THEN TELL THEM WHAT THEY SAID THAT IT SAW IT IN THAT SAME KIND OF THING IF IF WE CAN COMMUNICATE WITH THE PEOPLE WE'RE GOING TO BE MEETING WITH AND SAY TO THEM. THESE ARE REALLY THINGS IMPACTING US ON A DAY-TO-DAY BASIS AND HERE'S HOW YOU CAN HELP WE'RE GOING TO TALK TO YOU ABOUT AND THEN WE TALKED TO THEM ABOUT THAT IN THE FEW MINUTES WE HAVE IN TALLAHASSEE AND THEN WE DO SOMETHING AFTER THE FACT THANK YOU FOR SPEAKING WITH US I I HOPE NOW YOU YOU HAVE SOME APPRECIATION OF WHAT I I'M NOT GOING TO WORD IS MENTIONED HERE. BUT. MAKE THOSE FEW MINUTES WE HAVE WITH THEM HAVE MORE IMPACT I SORT OF FOLLOWING THAT 3 PAR AND MAYBE EVEN A FOLLOW-UP VISIT. THERE'S SOMETHING RIGHT THE MEET WITH THEM LOCALLY AHEAD OF TIME I DON'T YOU PROBABLY HAVE SOME REALLY GOOD DO THAT I WOULD THINK I WOULD SAY THAT THE LAST COUPLE YEARS WE HAVE. >> RAMPED OUR EFFORTS TO COMMUNICATE WITH LEGISLATORS ON SPECIFIC ISSUES YOU'VE REACHED OUT TO THEM ON SPECIFIC ITEMS LIVE LOCAL ACT. THE POLICE HEADQUARTERS BROUGHT TO THEIR ATTENTION DURING THE DOWN TIMES OF THE YEAR WHETHER OR NOT IN SESSION THAT THESE ARE MAJOR PRIORITIES. SO WE DO HAVE OPEN LINES OF COMMUNICATION. THAT ISN'T TO SAY THAT IF WE WERE TO SOMEHOW PUT TOGETHER A LIST OF SPECIFICS. COULDN'T USE THAT SHORT LIST OF SPECIFICS AS A MEANS FOR COMMUNICATING WITH THEM TOO. YOU KNOW WE HAVE TO KEEP IN MIND THAT THEY'RE GOING THROUGH REELECTION CAMPAIGN YOU KNOW AS SOME OF YOU FOLKS ARE SO THERE ARE TENSIONS NOT REALLY FOCUSED. I WOULD SAY AFTER THE ELECTION IS OVER THERE'S A WINDOW NOVEMBER AND DECEMBER BEFORE THEY BEGIN MEETING UP IN TALLAHASSEE COMMITTEE THAT WOULD GIVE US AN OPPORTUNITY ONCE THE BOARD HAS COALESCED AROUND THOSE PRIORITIES TO DO EXACTLY WHAT YOU'RE SAYING AND I DON'T THINK THAT I THINK IT WOULD APPRECIATE THAT I KNOW THEIR STAFF. WE APPRECIATE KNOWING EXACTLY WHAT'S ON OUR MIND BEFORE THEY GET UP THERE **** BREAKS SO YOU KNOW I THINK THAT WE CAN BUILD ON WHAT YOU'VE BEEN DOING ALREADY LAST COUPLE YEARS WHAT'S AND THEY'RE GOING. I KNOW COMMISSIONER NEXT UP IN CUBA. IN THIS >> WANT COMMENT DIRECTLY ON WHAT MISTER LANGDON THAT TO SAY LOVE TO JUST AND A PERSPECTIVE ON WHAT SHE SAID. SO PRETTY GOOD WITH AT OKAY. YOU KNOW WE >> WE HAVE A LEGISLATIVE LOBBYIST IN HAITI WHO A HUGE RESOURCE, I MEAN HE'S SO WELL AND THAT THE TSA ACCESSED WHAT LEGISLATORS. AND I THINK THERE'S WHERE WE MAY BE ABLE TO DO JUST WHAT COMMISSIONER LANGDON IS TALKING ABOUT AS FOR US OUR SPECIFIC NEEDS TO BE ABLE TO REALLY. THAT KNOW THOSE RELATIONSHIPS BECAUSE. HE'S WELL RESPECTED. HE CAN GET TO THEM. HE CAN TALK TO THEM YOU CAN SET THE STAGE IS HE CAN SET UP A CONFERENCE CALL SO YOU CAN SET UP ADDITIONAL MEETINGS NEED BUT TO ME THAT'S THE AVENUE TO GET OUT THERE BECAUSE SQUEAKY WHEEL DOES GET GREECE IT'S JUST THAT SIMPLE IN MY ESTIMATION AND AND YOU KNOW SHOW US OFFICALLY I AGREE WITH ALL THE OTHER STUFF I REALLY THINK THAT. OR TO IT. AND MORE REFINED IN THEIR THEIR JOB OUT THEIR LOBBYING FOR WHAT THEIR NEEDS ARE WHEN THEY'RE ALREADY DOLLARS THAT GOING TO GET THEM. WE WERE VERY EFFECTIVE AND NOW WE WORKED WITH COUNTY WITH REGARD TO THE HUG. AND I THINK THAT THAT SHOULD SEND A MESSAGE TO US THAT IF YOU DO A GOOD JOB SHOULD PERSISTENT RESPECTFUL IF YOU WORK THROUGH THE SYSTEM YOU WORK HARD STAY FOCUSED YOU YOU CAN YOU CAN GET YOUR PIECE. THE PORT SO. >> COMMISSIONER DOW AND THE ONLY THING I WANTED TO ADD AND TO PIGGYBACK OFF WHAT COMMISSIONER LANGDON WAS SAYING IS AS AN INDIVIDUAL ELECTED OFFICIAL I CAN MEET WITH OUR STATE REPRESENTATIVES ANYTIME I WANT HIM DISCUSS THE THINGS THAT ARE IMPORTANT TO OUR CITY AND WHAT IS GOING ON WITH OUR CITY AND I STRONGLY SUGGEST THAT THAT WHOEVER IS SITTING UP HERE CONTINUES TO DO THAT BECAUSE I WILL SAY UNTIL THE COWS COME HOME OR AT LEAST UNTIL NOVEMBER 5TH THERE'S NO BETTER ADVOCATE THAN THE PERSON THAT'S SITTING UP HERE AS AN ELECTED OFFICIAL TO OUR STATE ELECTED OFFICIALS TO THE NEEDS OF WHAT THE CITY OF NORTH PORT CAT. >> AND WE CAN PAINT THOSE STORIES WE CAN TELL THOSE STORIES AND THEY NEED TO BE TOLD. ♪ >> IF YOU WANT TO TALK TO STATE ELECTED OFFICIALS THERE'S A CANDIDATE FOR THE STATE ELECTED OFFICIALS FOR SARASOTA AND MANATEE COUNTY COMING UP THIS FRIDAY UP AT THE AIRPORT I WILL BE HAPPY TO SHARE THAT FIRE WITH THE CLERK FOR HER TO URGE HIM EVER FOR 2 GUYS BUT THIS STATE CANDIDATES ARE GOING TO BE AT THAT MEETING IT'S IMPORTANT TO HEAR WHAT THEY HAVE TO SAY AND HEAR HOW THEY ANSWER QUESTIONS AND IT'S ALSO PART OF BUILDING THAT RELATIONSHIP BECAUSE YOU DON'T KNOW IS GOING TO BE SITTING IN THAT SEAT COME NOVEMBER, 6. SO I I DON'T KNOW IF WE NEED TO GIVE SOME FORMAL CONSENSUS IS ON WHAT WE WANT TO DO WITH LEGISLATIVE PRIORITIES ARE WE JUST WANT TO GIVE A GET A CONSENSUS TO HAVE THIS BE ON THE ♪ FIRST MEETING AFTER THE ELECTION AND BOARD THAT. >> I'M I MEAN IS THE FIRST MEETING AFTER ELECTION IS NOT KIND OF LIKE A REORGANIZATION THAT REALLY THE TIME SO BECAUSE THE NEW CANDIDATES WILL NOT HAVE NEW BOARD MAY NOT HAVE HAD THE OPPORTUNITY TO THINK ABOUT THIS SO I'M WELL THEY'RE NOT LIKE A LITTLE BIT TOO EARLY A LITTLE LATER IN NOVEMBER LATER DECEMBER BECAUSE IT WILL HAVE TO BE FINALIZED BY DECEMBER SO WE ONLY HAVE ONE MEETING IN DECEMBER. >> AND THEN IT WOULD HAVE TO BE FINALIZED EARLY DECEMBER BEFORE YOU ALL GO HOLIDAY BREAK AND THEN THAT WITH ANY CAN BE DISPERSED AND HAVE AVAILABLE FOR COME JANUARY WHEN THEY GO BACK TO BUT I WOULD ENCOURAGE YOU EVERYBODY IF YOU WOULD. >> SEND ME YOUR SUGGESTIONS THOUGHTS ON THIS AND I CAN TRY AND PUT TOGETHER A SUBSTANTIVE REVISED VERSION OF THIS IT WOULD HELP FOCUS THINGS WHEN WE GET TO NOVEMBER. >> I INCORPORATE WHAT YOU'VE ALREADY HEARD THAT SALUTE WE DID WITH HE WANTED SOMETHING. OKAY. ♪ ♪ MANY PUBLIC COMMENT. YES WE DO ROBBINS AND CENTER. GREAT DISCUSSION. >> I WITH EVERY SINGLE THING THAT WAS SAID HERE AS WE HAVE IN THE SAME CONCERNS I MEAN WITH THE STATE TAKING AWAY A CITIZENS RIGHTS ♪ AND MANDATING TO MUNICIPALITIES WHAT THEY MUST BE SUBJECT TO WE HAVE TO SPEAK UP FOR THE CITY OF NORTH PORT AND BE VERY SPECIFIC AS FAR AS WHAT THE CITY NEEDS. SO THANK YOU WAS GREAT DISCUSSION. I DO HAVE ONE QUESTION AND I DON'T KNOW WHERE FITS IN, BUT I'M GOING TO BE VISIT. FLOTUS OUTSTANDING SPRINGS DESIGNATION. WE JUST GOING LOSE THAT OR IS THAT EVER GOING TO COME UP AGAIN. ♪ SINCE THIS IS LEGISLATIVE DO WE BRING THAT UP AGAIN IF WE'RE GOING TO BE REQUESTING WASTEWATER EXPANSION SO MUCH MANAGEMENT WITHOUT WATER. NOW THERE WAS A WHOLE LIST THINGS THAT NEEDED TO BE DONE. IF WE WERE RECEIVE THAT DESIGNATION WHEN DO WE REVISIT THAT. THAT'S MY QUESTION. AND I CAN SMELL THAT. THIS IS GOING TO COME UP AGAIN TOMORROW. I THANK YOU. >> THANK YOU. >> THAT IS ALL ♪ ALL RIGHT. ♪ MOVE ON TO ITEM. >> 24 DASH 1, 1, 6, 6, AND A MANAGER THIS ITEM. >> REPORT WAS 6, 6, DISCUSSION POSSIBLE DIRECTION. THEY GO VOTE BUT THAT'S WHAT WE NEED REAL ESTATE BUT IN THE QUEST AND WE HAVE OUR WITS ABOUT NO ONE ELSE IT KNOWS IT. ♪ NOT DIVISION MANAGER. AND I'M TOO. THIS IS WITH THE SLATE FUNDING REQUEST NEXT YEAR. >> IS ARE THE PRIORITIES. WELL, NOT NECESSARILY PRIORITY AND THE PRIORITY LEVEL BUT AT LEAST I'M KIND TYPE OF FUNDING REQUEST WE WOULD LIKE PURSUE FOR NEXT YEAR. I'M TY DID THE STATE OF THE STATE. FEDERAL GOVERNMENT AND THE ANOTHER THING I WANTED TO IS THAT TIME I MET LEGISLATIVE STAFF FROM CONGRESSMAN STEUBE THESE OFFICE AND I'M IN THE FEDERAL GOVERNMENT RIGHT NOW. BUDGET. >> HAS IT REALLY BEEN PASSED TO BEEN DOING CONTINUING RESOLUTIONS TO KEEP THE BUDGET RULING AND THERE'S SOME CONCERN THAT THERE MAY NOT BE AN REQUEST PERIOD THIS UPCOMING YEAR DUE TO SOME UNCERTAINTIES AND FEDERAL LAW ALSO I THINK IT'S STILL A GOOD IDEA TO PRIORITIZE YOU KNOW WE START GETTING ASKED YOU KNOW WHAT THAT HIT CARS WOULD YOU LIKE TO SEE FOR NEXT YEAR. WE SHOULD BE READY FOR THAT. BUT I JUST WANT YOU KNOW THAT IT'S A POSSIBILITY THAT MIGHT NOT HAPPEN. I'M JUST ASKING FOR. APPROXIMATELY 4 FOR STATE AND FEDERAL FUNDING CONSIDERATION. FOR THE STATE I THE POLICE HEADQUARTERS. SPRINGS WATER. SEWER BUILDINGS. THE WATER CONTROL STRUCTURE IMPROVEMENTS WHICH HEARD STORM WATER MENTIONED. BUT A FEW TIMES THE LAST CONVERSATION. PRICE BOULEVARD WIDENING THESE 2 WHICH WAS ALSO MENTION. BRIDGE IMPROVEMENTS WHICH IS ALSO MENTION. WATER AND SEWER EXPANSION. STATE OR FEDERAL HAVE WATER CONTROL STRUCTURE IMPROVEMENTS WHERE MEL SPRINGS WATER AND SEWER BUILDINGS. IMPROVEMENTS, WRITER AND SEWER EXPANSION AND PRICE BOULEVARD WIDENING PHASE 2 SO THOSE ARE JUST SOME STAFF IDEAS FOR YOU TO CONSIDER AND. WE'LL TAKE ANY KIND OF FEEDBACK YOU GUYS. >> THANK MISTER YEAH, I JUST NEED SOME CLARIFICATION AND MAYBE TALK AND HOW TO I WAS REFERRING TO. THE SECRETARY JUNE 12TH. APPROPRIATIONS LIST IN NORTH PORT WAS IN THERE A FEW TIMES ARE YOU SAYING NONE OF THOSE WERE FUNDED. FOR LIKE THE NEW RICH SOUTH WATER AND SEWER FOR MILLION. ♪ THERE I THINK 2 OR 3 REQUESTS AND 2 OR 3 REFUNDS. PRICE BOULEVARD FOR MILLION FOR THOSE DO. >> NOT FUNNY I DIDN'T WANT TO BURDEN YOU ALL WITH TOO MUCH DETAIL. BUT THAT LETTER THAT I SENT YOU WHAT WAS THE GOVERNOR'S VETO MESSAGE INCLUDED AN ITEMIZED LIST OF EVERYTHING OTHER WAS IN BUDGET EVERYTHING IN THAT LIST WAS VETOED BY THE GOVERNOR POLLING ABOUT BILLION DOLLARS. JUST DON'T WANT TO PUT THOSE TRADE HOW BACK TO U.S.. >> THANK YOU VERY MUCH FOR THAT KIND SO THE ONLY THING THAT I WOULD LIKE TO ALSO HAVE INCLUDED AT THE STATE IS THE TRASH BINS FOR STATION. I YOU KNOW IT'S IT'S SOMETHING UNIQUE AND SOMETHING A LITTLE BIT DIFFERENT THEN I THINK WHAT OTHER MUNICIPALITIES ARE ASKING FOR IT MIGHT STAND OUT A LITTLE BIT BETTER. I DON'T KNOW, BUT I THINK IT WOULD BE SHORTSIGHTED TO NOT HAVE THAT ON OUR LIST AND ON AGAIN. I GO BACK TO THIS IS SOMETHING THAT THE NEXT BOARD SHOULD REALLY THAT CLOSELY AND CAREFULLY. ALSO IF THERE ARE ANY. ENVIRONMENTALLY SENSITIVE PLANTS. AT THE STATE LEVEL, I KNOW THE COUNTY WE HAVE ENVIRONMENTALLY SENSITIVE LAND FUNDING. OPTIONS IN THE END IT GOES THROUGH THE COUNTY BUT I I'M NOT TOO SURE WHAT THAT EQUIVALENT WOULD BE AT THE STATE LEVEL MAYBE ASK COULD BE USED TO SOME OF THOSE FUNDS FOR. WARM MINERAL SPRINGS SOME SENSITIVE LANDS THAT WE COULD HAVE PASSIVE PARKS LIKE FOR PHASE 2. SPRINGS. SO JUST DURING THOSE IDEAS OUT AND JUST ALSO DON'T FORGET WHATEVER IS PRINTED UP AND DECIDED MAKE SURE GETS AND CERTAINLY THE CITIES. IN A TIMELY MANNER SO THAT THEY HAVE A COPY I'M NOT SURE WHO THE NEXT REPRESENTATIVE WILL BE BUT THEY DEFINITELY DO ADVOCATE FOR THE CITY OF PORT. AS A REGIONAL SISTERHOOD KIND OF THING. SO WHERE BROTHER IT'S ON ALL RIGHT. THANK VICE MAYOR. ♪ >> SALARY I COULD NOT ♪ >> HAVE 6 MORE PERFECT. ITEMS I MEAN. THAT'S EXACTLY THE 6 I WOULD HAVE PICKED AND. >> ALL 6 OF THEM ARE IMPORTANT ALL 6 OF THEM ARE WORTHY OF PURSUING SO. THANK YOU VERY MUCH. >> IT ALL RIGHT I'M SHORT AND SWEET THANK YOU VICE MAYOR COMMISSIONER NOW THAT YOU'VE SHOWING I'M VERY SUPPORTIVE OF THE LIST THEY'RE ALL. WELL. BUT THROUGH. COMMISSIONER ELRICH. >> I MEAN THE LIST IS GREAT AND I ALSO AGREE WITH THE COMMISSIONER GO ABOUT THAT. BRINGING UP IT CALLED AGAIN CHANCE FOR STANDS FOR STATION, YOU KNOW THE TRANSFER STATION BECAUSE THAT IS SOMETHING THAT'S GOING TO BE KEY. >> TO ALL OF OUR RESIDENTS AND HELPING OUT CUTTING COSTS THROUGHOUT A LONG TIME GOING DOWN THE ROAD SO I WOULD IMPLEMENT THAT AS WELL SO I AGREE WITH THAT I AGREE WITH EVERYTHING YOU SUGGESTED SO VERY GOOD JOB. BOTH THANK YOU. >> YES, I I LIKE THE LIST AND ALSO I LIKE THE IDEA OF INSERTING THAT TRANSFER STATION AND THE LIKE COMMISSIONER TELLS SOMETHING UNIQUE AND IT'S SOMETHING THAT IS THAT THEY NECESSARY TO PROVIDE FOR OUR GROWING CITY WHICH WE STILL A WAYS TO GO BUT THAT WILL CERTAINLY HELP US. SO MAYBE THAT COULD BE INSERTED IN THERE. THE ANYTHING ELSE FROM UP HERE. DO WE HAVE ANY PUBLIC COMMENT. >> YES WE DO OKAY ONE 2ND. >> I'LL QUESTION IS I TRY TO WATCH BEGINNING YEAR. DOES ANYBODY KNOW WHEN WE NEED TO START BEATING THE WAR DRUM FOR THE YORKSHIRE ACCENT I DON'T KNOW IF WE START PUSHING AT OUR LOCAL OR IF IT COMES DOWN FROM THEM. I JUST THINK IT'S TIME THAT YOU KNOW WE JUST HAD ANOTHER BABY PROVES THAT WE HAVE WATER AND DRAINAGE ISSUES AND MAYBE THIS IS OUR CHANCE RIGHT NOW START BEATING THAT WERE DRAWN, I KNOW IT'S SOMETHING THAT THE CITY IS GOING TO AND WE CAN KIND OF PUSH THE FACT THAT WE'RE HOPING TRANSFER STATION OUT THERE WERE OPEN TO A LOT MORE COMMERCIAL STUFF OUT THERE. AND I MIGHT GIVE US AN OPPORTUNITY TO SAY HEY THIS IS ANOTHER AVENUE TO GET CITIZENS OUT THE NEXT EMERGENCY SO IT'S KIND OF HOPE THAT SOMEONE STARTS BEATING THAT THANK YOU. THANK YOU. >> BEING BE THAT'S ALL. OKAY. >> THE NEXT THING WE HAVE IS REGARDING THE DEBT MANAGEMENT POLICY WE WANT RUN ANYONE IN THE RIGHT. A 5 MINUTE BECAUSE NOT SURE HOW LONG THIS IS GOING TAKE I DON'T KNOW ABOUT MY JUST 5 MINUTES AND ABOUT THAT. >> WE'VE HAVING TO DO >> A. >> LET'S COME BACK 1010. ♪ >> COULD IT MAY TAKE A FUND TO GET TO STORM AND DUE TO A VARIETY OF REASONS. >> ONE ALL FIRST RESPONDERS OFF THE ROADS, THE TROPICAL STORM FORCE WINDS ARE SUSTAINED FOR THEIR SAFETY THAT IS A STANDARD USUALLY COSTS AND OTHER SO WE WILL HAVE A BACKLOG OF CALLS THAT HAVE COME IN DURING THE STORM THAT WILL PRIORITIZE BASED AND THE OTHER RESPONDING TO AS WELL AS THE CALLS THAT ARE CURRENTLY ON THEM. >> ALSO ON THE ROADS MIGHT BE FLOODED. THERE MIGHT BE DEBRIS IN THE ROADS ARE TECHNICAL FIRST IN TEAMS WILL BE GOING OUT RIGHT AWAY TO CLEAR THE ROADS ♪ ANY HAUSER'S US SO THAT OUR VEHICLES CAN GET THROUGH AND RESPOND THE CAUSE. JUST KEEP THAT IN MIND WHEN YOU CALL AFTER DISASTER FOR CITIZENS, WE ARE COMING. WE ARE VERY IMPORTANT AS WE CARE ABOUT OUR RESIDENTS AND THEIR SAFETY BUT IT MAY JUST TAKE A WHILE FOR US TO GET TO THE SCENE ON THE OF THE WRECK. ♪ >> EVERYONE MY NAME IS MARIO OF NVIDIA I AM THE PLAN OR SCHEDULE OR FOR THE CITY OF NORTH PORT SOLID WASTE A GOOD INTO THIS POSITION. FIRST I WAS RECYCLE DRIVER FOR 5 YEARS FOR THE AND THEN I BECAME THE PLAN A SCHEDULE AFTER TAKING AN INTEREST EDUCATING RESIDENTS ON HOW TO RECYCLE PROPERLY MY POSITION MY DAY-TO-DAY USUALLY I START OUT BY VISITING THE NEW RESIDENTS THAT SCHEDULE GARBAGE AND RECYCLING CONTAINERS TO BE DELIVERED AND. >> I WILL GO SEE THEM AND EDUCATE THEM ON A SOLID WASTE GUIDELINES MORE LESS MORE FOCUSED RECYCLE PART OF AFTER I WILL DRIVE AROUND THE CITY AND I ACTUALLY EXPECT CYCLE ♪ CONTAINERS MANUALLY. FOR CONTAMINATION. AND THEN I WILL TAKE CALLS FROM DRIVERS IF THERE'S ANY ISSUES WITHOUT REPEAT. GARBAGE IN RECYCLE AND I WILL ♪ GO EDUCATE THE WHAT I LOVE MOST ABOUT THE ♪ NORFORK IS THERE ARE RESIDENTS ARE FROM OVER THE WORLD. I GET TO LEARN ABOUT THE SOLID WASTE GUIDELINES WHEN THEY COME FROM AS WELL AS EDUCATE THEM ON THE CITY NORTH PORT'S ALWAYS GUIDELINES HOW TO RECYCLE PROPERLY. ♪ ♪ >> DECIDED TO BECOME A FIREFIGHTER USED TO WORK HOSPITALITY AND GROUP SALES AND I ALWAYS HAD FRIENDS THAT WORK. FIREFIGHTERS AND I DECIDED ONE DAY THAT I WANTED MY JOB DONE FOR PEOPLE SO. >> I WENT AHEAD UT AND PARAMEDIC PROGRAM. >> WITH THE FIRE AND ♪ >> I SAW A NORTH WE'RE HIRING. >> AND REALLY LIKED WHAT THEY HAD ON THEIR BETWEEN THEIR ISO RATING BELIEFS AND VALUES AND EVERYTHING 5, 5, THEY GAVE ME AN OPPORTUNITY EVERY DAY IS DIFFERENT BUT FOR THE MOST PART WE START OFF THE SAME. ♪ WHAT WAS GET OUR YEAR ONTO THE. BRAD US MAKE SURE EVERYTHING'S OPERATIONAL AND OUR AIR BACK. ALSO CHECKED INVENTORY. MAKE SURE WE HAVE ALL OUR MEDICAL EQUIPMENT. EVERYTHING'S THAT WAY YOU CAN RESPOND TO ANY EMERGENCY SO WE'RE ALWAYS STOCKED AND READY TO I THINK THE BEST PART IS THAT EVERYONE'S PASSION ABOUT THEIR JOB. SO THEY COME TO WORK AND THEY'RE READY TO TRAIN AND TAKE CARE OF EACH OTHER AND TEACH EACH OTHER SO EVERYONE'S SHARPENED ON THEIR A GAME SO IT MAKES IT OFTEN AND I JUST LOOK FORWARD TO COME TO WORK. ♪ >> I'M STACEY LOS SALE AND THE EMERGENCY MANAGEMENT COORDINATOR FOR THE CITY OF NORTH PORT AND I'M GOING TO TELL YOU THE DIFFERENCE BETWEEN PLUG DOWNS AND EVACUATION ZONES ARE IN SARASOTA COUNTY. WE CALL THEM EVACUATION LEVELS. SO FLOOD ZONES ARE GENERATED BY FEMA AND THEY'RE USED TO DETERMINE THE LIKELIHOOD THAT YOU'LL FLOOD AND THEY'RE USED TO ♪ DETERMINE IF YOU NEED FLOOD INSURANCE IF YOU HAVE A MORTGAGE ON YOUR HOME. NOW THE EVACUATION ZONES ARE BASED ON STORM SURGE DATA THAT COMES FROM THE NATIONAL HURRICANE CENTER. AND THEY USE TOPOGRAPHY AS WELL AS HURRICANE VULNERABILITY FOR STORM SURGE FOR THE AREA AND WE USE THOSE TO DETERMINE WHO NEEDS TO EVACUATE DURING A STORM SO IT'S IMPORTANT UNDERSTAND THAT THERE IS A DIFFERENCE IF YOU'RE INTERESTED IN FINDING OUT WHAT EVACUATION ZONE YOU ARE AND WHICH WE HIGHLY RECOMMEND YOU DO. YOU CAN USE YOUR SEARCH ENGINE OF CHOICE. AND TYPE SARASOTA COUNTY KNOW YOUR LEVEL AND THAT WILL TAKE YOU TO THE SARASOTA COUNTY GOVERNMENT WEBSITE. ♪ >> AND I PROMISE ALWAYS INTERESTED IN PORT. HERE TODAY, WITH MARY OF ANY PLAYER SCHEDULE FOR THE CITY OF NORTH PORT SOLID WASTE DIVISION WE'RE GOING TO TALK ABOUT PICKUPS TODAY. I HAD A SCHEDULED VOTE PICKUPS WHAT SHOULD GO OUT AND WHAT SHOULD NOT GO OUT TO THE CURRENT WHERE TO PLACE THE ITEM TO THEM WHAT HAPPENS IF YOU HAVE MORE THAN WHAT A LOT OF CHIEF OF THE YEAR FOR MOST PICKUP. SO I KNOW WE CALL 9, 4, 1, 2, 4, 0, 8, 0, 50 TALK TO OUR CUSTOMER SERVICE REPS THAT'S CORRECT HOW TO PICKUP HOW ELSE CAN WE DO THAT. >> CAN ALSO GO ON A WEBSITE NORTH PORT FL DOT CLICK ON SOLID WASTE AND FILL OUT A BULK REQUEST FOR EXCELLENT EXCELLENT SCENARIO WHEN IN DOUBT. >> IF A PERSON WANTS TO PLAY SET OUT WHAT YOU THINK PLACE OUT WHAT'S RIGHT THING WAS THE WRONG THING BASICALLY FRANK ANYTHING THAT DOESN'T FIT IN THE CONTAINER THAT'S GARBAGE IS GOING TO GO CURBSIDE GOING TO STAY OFF DRIVEWAYS WHAT'S NOT ACCEPT IT IS TIRES CHEMICALS. >> STUFF LIKE THAT YOU CAN PUT YARD WASTE OUT THAT'S CONSIDERED BALK BUT JUST MAKE SURE IT'S SEPARATE FROM GARBAGE PILE CONWAY SAYS A SEPARATE PICKUP, SO WHAT HAPPENS IF I USE ALL MY UP GOOD QUESTION. SO YOU CAN HAVE MORE BUT HAVE TO PAY IT CAN BE 1650 A CUBIC YARD AND THAT'S LINKED TIMES WITH TIME TIGHT DIVIDED BY 27 IS ONE COULD BE COUNTED ANY QUESTIONS OF COURSE LET'S NOT GIVE US A CALL 941-240-8050. >> WATER IN US WELL THAT'S KIND OF THE DITCH BY YOUR HOUSE IS NOT FLOODING. ♪ WITHIN US AFTER ♪ STORM EVENT WATER SHOULD BE IN THAT SWELL UP TO 72 HOURS AFTER THE STORM. THAT ALLOWS THE WATER BUILT TO GET THE STUFF CAME OUT FOR ROOM AND ON THE ROAD OUT OF THE WATER SO THAT WHEN REACHES THE HABITAT IT NO LONGER HAS THOSE CONTAMINANTS ♪ IT ALSO PROVIDES OPPORTUNITY TO SLOW DOWN WATERS SO THAT THE WATER DOESN'T GO SO FAST THAT THEIR ROADS. ROADWAYS OR ANY OTHER INFRASTRUCTURE, SO WHEN YOU SEE WATER IN ONLY YOU KNOW UP TO ♪ 72 HOURS SINCE THE LAST RAIN THAT IS NOT LETTING THAT IS DOING ITS JOB. >> I'M STACEY LOS YOU KNOW ON THE EMERGENCY THERE WATER AND THEY ARE GOING SEE STORM SURGE AND FLOODING NEXT OR SO STORM SURGE IS STRONG SUSTAINED WHEN ARE CONSTANTLY GOING OVER A LONG PERIOD OF TIME OVER THE GOAL PUSHING WATER UP ONTO NOT HAPPEN. THERE'S A LOT OF FLOODING A LOT OF BEACH EROSION ALONG TEACHER AND THE HOME. HOWEVER THIS STORM CAN ALSO PUSH WATER OF THE RIVER PUSHED ON THE MYAKKA RIVER FOR INSTANCE, GULF AND THEN THE WATER COMING DOWNSTREAM FROM THE RIVER HAS ORDERED TO I COULD CAUSE WATER TO BACK THAT ALONG WITH A LOT OF RAIN THAT COMES FROM ALSO CAUSED INCREASE OF WATER FLOODING INTO ♪ THE RIVER AND INTO OUR WATER MANAGEMENT CAUSING FLOODING WELL. PUBLIC WORKS IS A LOT OF WORK BEFORE THE STORM TO MAKE SURE THAT OUR WATER LEVELS POSSIBLE FOR AND THE WAR AGAINST STORM SURGE FLOODING IN OUR WATER SYSTEMS IF YOU WANT ADDITIONAL INFORMATION ♪ ON THAT WE HAVE A GREAT THAT A LOT FOLKS >> REX HAS A FULL CLASS TRX TO CAMP IS A NEW CLASS FOR ME, ALTHOUGH I'VE BEEN USING TRS FOR MANY YEARS WITH PERSONAL TRAINING THAT I DO OR IN OTHER STYLES CLASSES THAT I'VE DONE. >> BUT ♪ >> WE'RE BACK AT IT THAT INTENT AND WE'RE MOVING ON ♪ >> TO ITEM C 24 0, 9 BUY. THE MANAGER THIS IS YOUR ITEM. >> 0 5 KUSHNER POSSIBLE DIRECTION GOING COURT POLICY AND MEANS COMMITTEE. WE'RE SHOWING UP FROM THIS COMMITTEE FINANCE DIRECTOR THERE'S HOUR I UNDERSTOOD KERRY. NEED IT I'M GOING TO INTEGRATE THE WAY THAT YOU HOPE TO TO THE COVID-SAFE AND PREVENT IT, OKAY. >> SO ♪ ♪ IS YOUR MIC ON. GOOD MORNING. THANK YOU ALL WERE VERY EXCITED TO BRING THIS TO THIS MORNING. NOPE ♪ CAN'T HIM. >> BETTER. ♪ >> OK ALL RIGHT GOOD MORNING, MAYBE THEY CAN TURN IT UP BACK >> MORNING WE'RE REALLY EXCITED TO BRING THIS TO YOU THIS MORNING AND I'M GOING TO GO AHEAD AND TURN IT OVER JEREMY WAS A PRESENTATION THAT TALKS ABOUT BEST PRACTICES AND OVERVIEWS OUR DRAFT THAT MANAGE ALL SEE. >> HAPPY BE HERE AGAIN. GOOD TO SEE ALL. WE'VE GOTTEN TO KATE, IT'S EVERY YOU KNOW MODERATE OR WE'LL BE BACK AGAIN. ANOTHER MONTH TO TALK SOME OF THE PLANNING WORK THAT'S BEEN DONE. BY REAL ESTATE CONSULTING SO JUST A QUICK UPDATE ON THAT BEFORE WE DIVE INTO THE MATTER OF POLICY WE HAVE RECEIVED ALMOST ALL THE INFORMATION NEEDED TO LOAD THE MODELS UP AND DO SOME THE SUMMIT FORECASTING WORK. POPULATION HOUSEHOLD AND HOUSING UNIT FORECAST IN THE ALWAYS BEING CALIBRATED SO WE'LL BE BACK IN FRONT OF SECOND WEEK IN OCTOBER. >> ALL RIGHT THAT WAS ONE OF MY >> LIKELY WILL PROVIDE AN UPDATE >> DISCUSSION THAT AT THAT ALL SEE. THAT'S GOOD DRAFT BUT THIS WAS MEANT TO BE A WORKSHOP TO KIND OF TALK THROUGH WHAT CHANGES YOU KNOW WHAT WHAT THINGS COULD BE IMPROVED DIRECTION OF THE CITY MANAGER AND ALL THE STAFF HERE WE'VE GOT ENCOMPASSES A LOT OF JEFF AWAY STANDARDS AND THINGS LIKE THAT, BUT IT DOES NEED TO BE TAILORED AND FOR OR HOW YOU WANT TO WHAT. >> GETTING INTO THE PRESENTATION SO YOU KNOW THERE'S SEVERAL HAVE BRIEFLY COVER THE CITY CHARTER. GO THROUGH THE BEST POLICY WHAT ARE AFFORDABILITY MEASURES THAT MAKE SENSE TO FOCUS ON. BUT PAULA MADE THAT COMMITTEE HAS DISCUSSED THAT WE'VE GOT SOME THOUGHTS ON HOW STRUCTURE. TALK THAT STRUCTURING A BETTER THERE'S SOME CRABBERS GO WITH THAT THAT THAT INSURANCE A MATCHING WHAT ARE THE STEPS OF THAT AS HUMANS MANAGEMENT. AND A LOT OF THIS IS SOME THINGS ARE GETTING. AND HAS THIS IS A BOLD ALSO IT'S GOING TO BE PUT IN PLACE THAT SIR PROVIDES NUMBERS. AS YOU WELL CITY CHARTER IS KEY AND CRITICAL TO BE ABLE TO MOVE FORWARD INFRASTRUCTURE NEEDS. YOU. THIS IS THE ONLY CAUGHT THAT I HAVE THAT THE THAT IS RESTRICTED TO WHERE YOU HAVE TO HAVE REFERENDUM APPROVAL FOR ANY TYPE OF THAT. EXCEPT REFUNDS ANY NEW MONEY THAT HAS TO BE APPROVED BY AND ALL THE BEST STAFF TO COME BACK. ROBUST THAT POLICY SO WHAT WE HAVE IS IS THAT THAT POLICY THE THE FINE WORK IS ROBUST AND COVERS THE CRITICAL PLACE BE INCLUDED AND THEN SOME THINGS THAT WE HAVE SOME ABILITY TO CHANGE OR TWEAK ARE AT BASED ON QUESTION. THE CHARTER AMENDMENT THIS WOULD ALLOW THE CITY TO ISSUE DEBT. IT WILL FROM SOURCES OTHER THAN AT MORE TAXES, THOSE STILL REQUIRE REFERENDUM APPROVAL GOING FORWARD. AT 2 COUNTIES THAT THAT LIMITS TO WHAT THE CITY IS LOOKING FOR SARASOTA HAS HAS THAT IT CAMPUS CURRENTLY IT'S 30 MILLION. BUT MARKET IS CAPPED A 15 MILLION EXCEPT FOR ENTERPRISE UTILITIES THINGS LIKE THAT THEY'RE SELF SUFFICIENT STANDALONE BUSINESS LIVES. SO ROADS ARE PART OF THE GAS TAX WOULD ALSO BE. STAND-ALONE REQUIRE A. BUT THAT DOES NOT FALL UNDER THE CAP. AND EMERGENCY FUNDING. IT'S NOT A LONGER HAVE. AND WASN'T SO SUFFICIENT FUNDS FOR SARASOTA ARE ALSO OUTSIDE APPLE 28. IS THERE SOME OF THE SAY THAT WOMEN'S WE WENT THROUGH THIS EARLIER THIS LIKE SPRING JUST KIND OF GET A A SENSE OF OF WHAT OTHER POSSIBLE CITIES HAVE. SO WE'VE GOT THIS JUST MORE BROAD GENERAL MOVING INTO THE POLICY OBJECTIVES SO. JEFF WAY STANDARDS IS SORT OF DICTATE. WHAT MAKES SENSE TO INCLUDE BEST PRACTICES SO WHAT WE'VE DONE IS APPLIED THOSE GUIDELINES. AND FIRST RAP EVERY POLL, YOU KNOW THAT INFORMATION TOGETHER WE LOOK AT COMPARABLE CITY ALL AND SERVE DESIGNED BASED THOSE BEST PRACTICES. IT'S TECHNICALLY DESIGNED TO IMPROVE DECISION-MAKING PROVIDE GRAMMAR IS THAT WE WOULD STICK WHEN STRUCTURING TRANSACTION AND WHAT'S IMPORTANT WHERE THE FINANCIAL MATTERS. CITY OF MISSION IS FOCUSED ON AND HOW TO TRACK. THIS POLICY FROM MY PERSPECTIVE. IT'S REALLY A TOOL. BUT LET'S SUSPEND STRAIGHT TO THE INVESTING COMMUNITY. ABILITY AND THE STRUCTURE THAT THE CITY HAS PLACE. THE PREDATORS ARE PLACE FOR HOW YOU MANAGE THAT FRONT WHAT THAT LIMITS ARE AND AND I IN TOTAL. A WELL MANAGED A PORTFOLIO SOMETHING THAT HAS. YOU. ASSURANCES TO THE MARKET THE PAYMENTS ARE GOING TO BAY. THERE'S A THOUGHTFUL APPROACH OF ITS. YOU COMPLIANCE IS A PRIORITY FOR THE CITY. OVER TIME BASED ON THE ECONOMIC. THE POLICY WILL BE REVIEWED AND UPDATED SO TYPICALLY EVERY 3 TO 5 YEARS OR WHEN NECESSARY THIS POLICY WOULD BE UPDATED AND THE MEN DID. SO THE POLICY OBJECTIVES ARE TO ENSURE FISCAL SUSTAINABILITY. WHICH IS YOU KNOW ESSENTIALLY MAKING SURE BILLS ARE BEING PAID MANAGED PROPERLY THAT AFFORDABILITY WHAT CAN THE CITY FOR IS IS THERE ROOM IN THE BUDGET TOO TAKE ON ADDITIONAL THAT VANCE PROJECTS FORWARD. PROMOTES TRANSPARENCY. IT KIND OF BUILDING. REPORTING CLIENTS. CONTROL SO SOMETHING IN PLACE THAT SAYS HOW OF PEOPLE FOLLOWED. SIMILAR TO WHAT IS CURRENTLY THEY'VE DONE BUT JUST IN A MORE FORMAL WAY. HOW DO YOU STRUCTURE THAT. YOU KNOW HOW HOW WOULD YOU AMORTIZE LOVE USEFUL LIFE OF ASSETS THINGS LIKE THAT. THAT MAY BE CONSIDERED. WHEN YOU BORROW. WHAT'S THE APPROPRIATE THAT INSTRUMENT WOULD YOU AND WE WILL TALK THROUGH ALL THE VARIOUS RIGHT IT'S RIGHT SHORT TERM LONG TERM. WHAT'S APPROPRIATE AND THAT'S SOMETHING THAT THAT WE WOULD GO ON A CASE-BY-CASE BASIS. PROVIDER RECOMMENDATIONS ON. WHAT PRESERVER AND AT HANCE THE CREDIT WORTHINESS SO RECENTLY THE CITY WENT THROUGH A PROCESS. IT WAS RATED TO BUY MOVIES. THE SALE SURTAX THAT'S A GREAT RIGHT 8. GORY A DEBT CRISIS VERY WELL. IT'S 2 NOTCHES BELOW TRIPLE A SO WHAT TO THAT'S READING UP AS ONE AND THE TROUBLE SO DOUBLE IT TO THE VERY HIGH RATING THAT ISOLATED CELLS ARE TAX CREDIT. OUR GOAL IS TO ENHANCE IT TOO PROTECT THAT. WE CAN ENHANCE THAT WE WOULD AT LEAST WANT TO A LITTLE FIRE REAFFIRM THAT IN THE FUTURE. WHAT THE OBJECTIVES IS TO SUPPORT CAPITAL HAVE HAVE A STRATEGY FOR HOW THANKS FOR GOING TO BE FUNDED. HOW CAN YOU ACCELERATE NOT CERTAIN PROJECTS HAVE THEM FUNDED PUTIN USED FOR THE CURRENT RIGHT HERES THE CURRENT TAX PAYERS. AND THEN THE LEGAL AND REGULATORY COMPLIANCE. THERE'S GENERAL POLICY STATEMENTS. THERE'S A PURPOSE AND USE OF THAT SO WHAT IS YOUR CURRENT THAT POSITION. WHAT'S THE CAPITAL FINANCING OF IT. WHAT'S THE ABSOLUTE LIFE FOR THE ASSET. ROADS THAT HAVE RESURFACED EVERY 7 TO 10 YEARS WOULD HAVE DIFFERENT FUNDING MECHANISM THAT NEW POLICE HEADQUARTERS FOR CAPITAL. WERE THAT'S WHAT ARE THE LEGAL RESTRICTIONS ARE YOU ALLOWED TO ISSUE TAX EXEMPT THAT. OF THAT NATURE. PLANNING CREDIT RATINGS PORTABILITY METRICS THESE ARE ALL THINGS THAT GO INTO THE WORTHINESS OF THE CREDIT THAT SO. HERE'S A LIST OF ALL THE VARIOUS. COMPONENTS THAT ARE. CAPTURED IN THAT THAT POLICY THERE TECHNICAL TERMS SO WE'RE NOT TERMS THAT YOU WOULD SEE HERE OR HERE A NORMAL DAY TO DAY. SO FOR ALL OF IT MAKES SENSE TO GO DOWN THE LIST AND TALK THROUGH THEM, EXPLAIN MAKE SURE YOU UNDERSTAND WHAT THEY ARE AND MAKE SURE THAT IT'S EXPLAINED THAT THAT POLICY HOW YOU WANT EXPLAIN. SOME FOLKS WOULD HAVE A DEFINITION SECTION. WOULD PREFER TO KEEP A BROADER. CHANGING DEFINITIONS BASED FUTURE. REMARKS. EXAMPLE THAT'S THE CINDERELLA. REFUNDING THOSE DONE. SEVERAL YEARS AGO SO CITY-ISSUED TAXABLE THAT. IT WAS LATER. CONVERTED TO TAX EXEMPT THAT BECAUSE THE CALL OPTION WASN'T AVAILABLE. FOR THAT UTILITY LAW. OR FOR THAT WAS THE TRANSPORTATION. INCLUDE. IS YOUR FINANCIAL ADVISOR, PUT OURSELVES FIRST ON THAT LIST. ONCE ♪ IT A BOND COUNCIL WHO WHO WORKS WITH THE CITY ATTORNEY TO BRING FORWARD DOCUMENTS ORDINANCES OR RESOLUTIONS. DISCLOSURE COUNCIL THEY WORK REPAIR THE OFFERING ABOUT THAT'S THIS CLOSE TO THE INVESTMENT COMMUNITY. UNDERWRITERS THAT'S THE GROUP THAT SELLS SO THERE. NOT DANGER TO THE CITY, BUT THEY ARE KEY. THE PUNDITS ISSUING THE BET IN THE CASE OF THESE PRICE WIDENING. THAT'S GOING TO BE A COMPETITIVELY PROCURED UNDERWRITER SO THAT CAN BE DONE THE COMPETITIVE MARKET. AND THEN THE CREDIT RATING AGENCIES MOODY'S WAS BROUGHT ON BOARD TO RATE INDEPENDENTLY THE CREDIT. THAT SELL. WELL STEP THROUGH THE PROCESS AND WALLS AND ALL. THERE'S CRITICAL STAGES AND THE FINANCING THAT. IT'S BROUGHT BEFORE BY STAFF TO THE COMMISSION TO PROVE THAT. AND THEN. THAT THAT IS APPROVED BASED ON CERTAIN RECOMMENDATIONS SO WE WOULD RECOMMENDATION OF A COMPETITIVE CELL BURST INDICATIONS, THIS INSTANCE, THE TERM OF THE PRICE. WHITENING IT'S SHORT. IT'S A VERY HIGH QUALITY CREDIT. IT WOULD SELL COMPARATIVELY VERY WELL. PLACEMENT SO FOR A BANK LOAN. IT DOESN'T MAKE SENSE TO DO. BANK RP FIRST GOING TO THE PUBLIC PARK. WRITE RECOMMENDATIONS ABOUT AS WELL. THEN YOU HAVE THINGS LIKE THAT'S BEEN A PROCEEDS. BUMP ROSES CAN BE USED. COST FEES. THEY'RE ASSOCIATED WITH THAT. SO THE ADMINISTRATION IMAGINES REALLY JUST WHAT BACK SO. FINANCE COMMITTEE WE ENVISION TO HAVE PUT IN PLACE AND THAT WOULD BE AN EXTENSION OF STAFF. SO REPORTING. ADDITION TO HAVE SOME EXTERNAL INPUT. IT'S SOMETHING THAT'S NOT. I DON'T COMMON TO HAVE A COMMITTEE THAT MEET SEPARATELY FROM THE SO YOU ESSENTIALLY TAKE. ALL 2 STAFF FROM YOUR ADVISORS. AND HAVE AN INDEPENDENT. COMMITTEE SO WOULD ALSO REPORT TO THE COMMISSION. YEAH THERE'S A BETTER VALUATION REPORT THE HUSBAND ALL TO PLAY I BELIEVE THAT COME ALONG WITH YOUR ACT FOR SO PART OF YOUR ANNUAL DISCLOSURES WOULD INCLUDE INFORMATION THAT YOU WOULD WANT TO TRACK THOSE ARE THE METRICS THAT WE'RE GOING TO TALK ABOUT. ALONG WITH THE REPORT THAT'S INFORMATION THAT'S PUBLICLY. IT AVAILABLE FOR COMPLIANCE PURPOSES. ARBITRAGE IS SOMETHING THAT'S UNIQUE TO THAT THE IRS DOES NOT WANT THE CITY TO MAKE MORE MONEY. THE COST TO BORROW MONEY. SO THAT THEY DO NOT WANT TO INCENTIVIZE THE CITY TOMORROW MORE THAN THEY SO SUPPLIES TO MAKE SURE THAT. EARNING MORE THAN WHAT YOU PAY US A. THEN THERE'S FINANCIAL DISCLOSURES. WE CAN TALK ABOUT THE RIVERS. GIVEAWAY BEST PRACTICES. THE FINE WHAT HYPE ABOUT TO TELL YOU HAVE FOR THROUGH OR WE DON'T THINK THERE'S A PLACE FOR THEM CURRENTLY. IF THAT WERE TO CHANGE THAT WILL BE SOMETHING WE ENVISION FOR BACK TO COMMISSION THROUGH THE THAT COMMITTEE TO DISCUSS. QUESTIONS ON THAT SECTION OF THOSE A LOT OF. LEGAL JARGON. >> THAT'S AN MAN CHARGED, KNOW WE HAVE QUESTIONS NOW VICE MAYOR. >> I SEE IT FINISHED. I DIDN'T WANT TO BREAK UP THE PRESENTATION BECAUSE ALL ALONG THE WAY THEIR QUESTIONS BUT AND THINGS WE WANT TO TALK ABOUT BUT NASA GO I HIM. MONROE MORE GENERAL IN NATURE. >> OKAY, JUST I'M JUST GOING THROW COMMISSIONER LANGDON THAT YOU HAVE ANYTHING ABOUT WHAT HE SAID NOW I HAVE QUESTIONS ABOUT CERTAIN THINGS COLD LATER IT'S COMMISSIONER MCDOWELL RATHER WAIT TO HEAR THE WHOLE BACK THEN TOO, I'M GOING TO HAVE QUESTIONS ABOUT WHAT WE JUST TALKED ABOUT AND WAIT TILL THE END GET THE ATTENTION AS WELL ALL RIGHT WHAT IS GOING TO HOLD. THANK YOU. ALL RIGHT, SO YOU KIND OF THAT AND WE WILL AT. >> A LOT OF THOSE DEFINITIONS BUT THERE'S SOMETHING THAT POPS UP AND YOU WANT TO THEY WANT. >> SO MEASURES THAT WE TRACK. REALLY ARE FOCUSED WHAT THE RATINGS. AGENCIES FOCUS WHAT THE BANK CREDIT. GROUP'S WHAT STAFF TO PROVIDE. A REPORT CARD IF YOU WILL OF THE FINANCIAL STABILITY AND THAT THAT PORTFOLIO. THAT AFFORDABILITY MEASURES ARE PLACED RATINGS FOLKS LOOK 3 MAJOR OF THE TOP WHAT'S THE HEALTH OF THE ECONOMY, THE CITY OF NORTH PORT THE COUNTY AND STATE. ACROSS THE COUNTRY FINANCIAL PERFORMANCE. SO YOU CAN'T NECESSARILY CONTROL A LOT ABOUT THE ECONOMY. BUT YOU DO HAVE A LOT OF TROUBLE OVER FINANCIAL PERFORMANCE. LEVERAGE AS THOSE ARE THINGS YOU CAN ACTIVELY. BUT LONG-TERM IMPACT ECONOMY WITH PER MONDAY IS OUT INFRASTRUCTURE IS PUT IN PLACE SO ALL 3 OF THESE ARE THINGS THEY LOOK AT AND WILL GO THROUGH HOW THE RATINGS FOLKS LOOK AT THEM, WHICH IS A WHICH IS A GOOD WAY FOR US ALSO. SPECIFIC MEASURES TRACKED OVER TIME IT YOU KNOW VALUATION REPORT IN THROUGH THE DEBT COMMITTEE WOULD BE THAT PART OUT HOW MUCH THAT YOU HAVE ARREST. THAT TO TAXABLE ASSESSED VALUE THAT'S A FULL MARKET VALUE OR SOME MEASURE. 2 JUST SHOW YOU WHAT THAT IS COMPARED TO VALUE CITY. AND THEN THAT PAYMENTS OPERATING REP. THIS COULD BE. REVENUE COULD SPOTS. BUT SOME MEASURE IN YOUR BUDGET. YOU KNOW HOW MUCH IS GOING TO ALLOCATE TORTS SOME MEASURES THAT WE STARTED WITH CAPITA SO TARGET THE 2,500 OR LESS. THAT THE TAXABLE ASSESSED VALUE. A TARGET OF 2 AND A HALF PERCENT. OR LESS. AND THAT SERVICE PAYMENTS AS A PERCENTAGE OF REMNANT. 15% OR LESS AND JUST. YOU IT WOULD YOU KNOW. PROBABLY. EXPENSIVE A LITTLE LOWER. SO. SOLDIERS FENCES ARE MANAGED TO WHERE YOU. OUR BUDGET POSITIVE YOUR EXPENSES ARE ALWAYS AT OR BELOW REP OPPOSED TO A FAIRLY CLOSE. BUT BUT WE CHOSE OPERATING REVENUE BECAUSE THAT DATA WAS AVAILABLE FOR HERE. THIS IS THE TREND AND THOSE 3 METRICS. YOU CAN SEE HE'S GONE DOWN. AS POPULATIONS GROW CITY HAS SEEN TREMENDOUS GROWTH. SO CAPTAIN OF STORM DRIVEN BY COMBINATION OF TAKEOUT BUT ALSO INCREASING UP. THAT'S VALUE. THE VALUE HAS GROWN SIGNIFICANTLY AS WELL SO THAT IS ALSO COMING OUT. AND THEN THAT IS A PERCENTAGE OF OPERATING REVENUES IS DECREASED SIGNIFICANTLY AS WELL. REVENUES HAVE GONE UP DRAMATICALLY SO THESE THINGS UP TOGETHER TRENT TOGETHER. AND THIS IS THE PICTURE OF THAT TRENDING DOWN OVER >> IT WOULD BE FAIR TO SAY THAT AS STREAMS FOR THE CITY HAVE THE PERCENTAGE OF DEBT TO REVENUE HAS SIGNIFICANTLY DECREASED ALMOST HALF. FOR US POINT WHERE THIS CITY. FINDS ITSELF IN US IN A POSITION TO TAKE ADVANTAGE OF THAT AND. PERHAPS IF YOU LOOK BACK HISTORICALLY FROM 2014 TO MAYBE 2020 MAY NOT HAVE BEEN THE BEST TIME. TO LOOK AT MAKING THIS KIND OF FULL BORROWING ASK BECAUSE IF THERE WAS A TIME THE CITY CAN AFFORD TO DO IT. NOW OVER THE PAST. AND YEARS PROBABLY. THIS IS THE BEST TIME TO DO IT BASED ON THAT THE CURRENT LEVEL OF DEBT TO OUR REVENUE. >> YES, I MEAN IT'S IT'S THE YOU KNOW. 4 YEARS AGO AT A 1000 SQUARE FOOT HOUSE AND SO THEY ADD THEY'RE SO AFFORDABILITY IMPORTANT. SO CLOSE TO THE MEASURE. SO WE LIKE MOVIES, WE LIKE THERE. THEY THE DRIVEN ANALYSIS, WE GET A LOT OF YOUR DATA. >> OR. >> FOR HOUSING BUT COMPARE YOUR BUT IT'S ALSO SOMETHING WE CAN TRACK >> KEEP US UPDATED. WE DO A SCORECARD WITH STAFF TALKED FOR HIGHER METRICS LOOK. >> AND THOSE TYPES OF THINGS SO WE LOOK AT DEMOGRAPHICS PATIENTS RESIDENT THINK ABOUT BY PER CAPITA ECONOMIC BUT THESE ARE THINGS A FINAL HE WANT HIGH PAYING JOBS. THE CITY WALK. IN THE RIGHT WAY AND YOU WANT COMMERCIAL ACTIVITY AND THINGS LIKE THAT SO SO THOSE ARE THANKS ALL OF COMMENTS SECTION. MENTAL PERFORMANCES. AVAILABLE FROM ABOUT HOW MUCH CASH DO YOU HAVE. NEEDED RECOVER FROM A STORE OR YOU KNOW IF THERE WAS OF A DROP IN REVENUES SAY. IF THE GREAT RECESSION. IT 2 HITS OR SOMETHING TO THAT EFFECT. WHAT YOUR RESERVE LEVELS OF TO HANDLE THOSE A BOUNCE. AND THEN THE QUITTING RATIOS WHICH ANOTHER VERSION OF THAT. AND THEN LEVERAGE HOW MUCH BAR WHAT'S THE LONG-TERM LIABILITIES RATIO AND YOUR FIXED COSTS RATIO WHICH INCLUDES HAD SHE HAD ANOTHER SO WHEN. >> WHEN PROJECTS COME BEFORE THE CITY THAT MIGHT REQUIRE IRRESPECTIVE OF. THIS PARTICULAR CHARTER AMENDMENT OR THE PROCESS YOU GO SHOULD BOUNCE THIS OFF MOODY'S ANOTHER RATING AGENCY SAYS TO SAY. >> CONSIDER THESE AREAS THE ECONOMY FINANCIAL PERFORMANCE LEVERAGE. AND THEN YOU'RE RECOMMENDING THAT YOU'RE PART OF THE GUARDRAIL THAT COMES BACK TO THE CITY AND SAYS IF YOU WERE IN IT. MOVING FORWARD ON THIS TITLE HERE. WE HAVE MIGHT AFFECT YOUR RATING MAYBE NOT THE SMARTEST TIME TO DO YOU HAVE SENSITIVITY IN ONE OF THESE AREAS WHICH WOULD IMPACTED BY THIS PROJECT SO YOU KNOW SO WHEN THEY COME FINALLY TO COMMISSIONS AND MAKE A RECOMMENDATION AS TO PARTICULAR PROJECT OR. >> ABSOLUTELY ABSOLUTELY YES AND THE MEASURES THEMSELVES. IMPORTANT TO BANKS JUST LIKE THE REPORT INVESTORS LIKE THE REPORT TO US. IT'S WAY RIGHT. >> THAT WE ARE A HIGHLY RATED CREDIT AND THE DOUBLE AID TO. >> OUR SCORE CAR JUST THE WAY ONE SO WE PUSH TO TO MOVE TOWARDS THAT THE WAY WE WANT TO LOOK GOOD, BUT ALSO WE STRATEGIZE ON WHICH RATING AGENCY SHOULD WE TALK TO SO YOU HAVE A CHOICE YOU CAN GO TO S AND P IT ROLL. IT IS RD HAVE DATA OUT THERE AND WE WERE CONFIDENT THAT APPROACH BEING A GOOD APPROACH WITH A SINGLE RATED. CREDIT LIKE WE HAVE SO. THAT'S SOMETHING THAT WE TRACK AND EVERY YEAR IT'S UPDATED SO STAFF HAS THAT INFORMATION THAT'S THERE'S TALK OF PROOF ALONG WELL. >> SO THE FIRST SECTION HERE YOU CAN SEE UNDER ECONOMY. RESIDENT COME AND WE DON'T HAVE THE DATA ON THIS PAGE BUT RESIDENT COMES A 100 POLICE, PERCENT OF THE U.S. LEVEL SO BUT WHEN THE HEART'S A A 100% THAT'S IN THE DOUBLE A CATEGORY FULL VALUE PER CAPITA IS. ALL 115,000 SO IT'S THE LOWER END OF THAT RANGE UP BUT IT'S IN THE PUBLIC AT ECONOMIC GROWTH ECONOMIC GROWTH HAS SOLID 3.9% US. YOU KNOW IT'S 0 OBVIOUSLY SO THAT'S IN THE TRIPOLI IT'S A GROWING UP. PERFORMANCE. AND PERFORMANCE FOR ALL THE RIGHT IS RATED TRIPLE FOR BOTH OF THESE SO AVAILABLE FROM BOUNCES 35.1% JUST OVER THE 35% THRESHOLD, AND LIQUIDITY RATIOS 92% WHICH IS WELL OVER. WELL OVER THE 40%. THE AAA RATING HERE. THESE ARE ALSO CATEGORIES THAT PILE. COMPOSITE CARE WILL DO THAT. LONG-TERM A SHIP IS LESS THAN A 100% THAT THAT 98.3% AND FIX CAUSE FOR A SHIP IS 3.3% WHICH IS WELL BELOW ONE PERCENT SO FROM UP FINANCIAL STRENGTH. CITY THAT'S VERY VERY GOOD THAT REPLY CATEGORY FROM THE DEMOGRAPHICS. THERE'S TO GROW SO THAT'S ESSENTIALLY THE DIFFERENCE BETWEEN OUR SCORECARD RESULTS. CAME UP WITH THE DOUBLE-A ONE MOODY'S CAME UP WITH A DOUBLE A ONE RIGHT IT WAS A DOUBLE AID TO. THE 2 SIDES AND E T IT'S THE TAX BASE AND THE LEVEL OF GROWTH. THE CITY RECENTLY SEEN WHICH HAS CAUSED. THERE'S INFRASTRUCTURE. NEEDS AND ADS THAT YOU ALL ARE LOOKING TO REFERENDUM. SO THIS IS. ALL THE DATA. AS YOU CAN AS IT SCROLLS THE RIGHT. YOUR IMPLIED RATING OUTCOMES THAT DOUBLE A WOMAN. >> SO BASICALLY FOR FOR THE AVERAGE PERSON WHO LIKE LOOKS AT THIS AND GETS GLAZED OVER IN A NUTSHELL. CORRECT ME IF I'M WRONG. OUR SCORE LOOKS PRETTY BLUNTLY GOOD. AND SEEMS TO LEND ITSELF TO THE CITY'S ABILITY. TO BRING ON SOME ADDITIONAL BORROWING AND LEVERAGE TO HELP ADDRESS SOME OF OUR PROJECTS IF ITS CONTROL IF IT'S MATCHED NOT EXCESSIVE. SO THAT IMPACT RATINGS AND OUR SPORTS. BUT THERE IS THAT WINDOW OF OPPORTUNITY WE'RE NOT. WE'RE NOT PRESENTLY MAXED OUT WE'RE NOT PRESENTLY IN A SITUATION WHEREBY INCURRING SOME ADDITIONAL DEBT TO BE ABLE TO ADDRESS OUR PROJECTS WOULD WITHROW US USE THE OTHER DIRECTION WE'RE MOVING TOWARDS AT DOUBLE A RATING. YOU KNOW, WE'RE NOT HEADED THE OTHER DIRECTION. >> YEAH, THERE'S THERE'S ROOM TO IMPROVE. I THINK THE RISK IS MORE OF A. CONSERVATISM BASES FROM STANDPOINT IS AS FAR AS HOW THEY LOOK AT ECONOMY. DEMOCRATS SO THEY CHALLENGE THEY SEE A VERY CONSERVATIVE PORTFOLIO AND THEY SEE A WELL-FUNDED PRESERVE LIQUIDITY. RAY SHOW. BUT THEY SEE A LOT OF NEED AND AND THAT'S I WAS BROUGHT UP AND THAT WAS DISCUSSED IN CREDIT. >> SO WE WANT TO SEE HOW WE NEXT OUR PEERS. THE STATE IS COUPLE YEARS >> POPULATION IS YOU KNOW SAYS WELL OVER 90,000. NOW SO TO KEEP IT CONSISTENT ACROSS THE PIER. IF WE CUT THE OLD DATA. BUT YOU CAN SEE HERE, YOU KNOW YOU'RE CERTAIN THAT. YOU KNOW RANGE. POPULATION AND. A LOW AROUND OF REVENUE WHICH SUGGESTS THERE'S SOME UPSIDE. IT DOUBLE AID TO IS IS ONE NOT LOOK THAT WAY ONCE PLANTATION. IN BRIGHTON ARE 2 CITIES THAT ARE ONE NOTCH HIGHER AND DOUBLE OR E. COMMUNITIES HOPES THAT FORT MYERS. THOSE ARE ONE NOTCH LOWS IN THE TRADING OF DO IT. AND THIS IS JUST HOW IT COMPARES ACROSS THE. OR A BETTER PICTURE SO. SO THAT THAT PER PUT THAT TARGET. RYAN JOHN THERE THAT TARGET RANGES. >> IS WHERE A LOT OF OTHER. >> YOU KNOW PEER CITIES WOULD HAVE. BUT THAT IS SOMETHING THAT IS SO COMMISSION 2. SO IS THAT PER CAPITA IT 2000. PER PERSON. THIS 2500 THE RIGHT NUMBER SO THAT'S SOMETHING THAT WE CAN CERTAINLY DISCUSS. >> SAME THING AND THAT TO VALUE. YOU WANT TO HAVE SHE WILL TARGET BUT THEY ALSO NEED TO STRICT ENOUGH TO PROVIDE COMFORT FOR INVESTMENT COMMUNITY. WHEN YOU PRESENT THAT. THIS IS THE PERCENTAGE OF PROPERTIES. AS YOU CAN SEE HERE A LOW. AND YOUR TARGET IS BELOW. THE CURRENT LEVELS, FORT MYERS HOME PAGE HELP OUT. >> WHICH IS A GOOD THING. >> YES, THAT'S A GOOD IS CERTAIN. SO FINANCE COMMITTEE. WAS A CONCEPT THAT THEY GOT BROUGHT UP. THIS IS SORT OF HOW WE FRAME THE DISCUSSION ON HOW THAT FINANCE COMMITTEE COULD IT'S CITY ESTABLISHED TO MAINTAIN THE COMMITTEE WILL SERVE AS AN ADVISORY CAPACITY SO. AS MENTION ITS STAFF. LIKELY. >> YOU OR OR OR VICE CHAIR FOR ANOTHER COMMISSIONER. >> IT'S MATTER OR HIS DESIGNEE YOU KNOW DIRECTOR. >> AND WE WOULD ALSO BE ON THAT NOT GOING NUMBER SO THE VOTING MEMBERS WOULD. IT COULD BE A COMBINATION OF ALL THESE WE HAVE. POTENTIALLY CITIZENS THAT WOULD BE APPOINTED AND THEY WOULD SERVE ON COMMITTEE. AND THEY WOULD CONSIDER. THANKS SUCH AS THAT THAT MATCH POLICY UPDATES. FINANCE. PLANNING FOR WHAT IS IN RECOMMENDED TO BE FUN THINGS LIKE THAT. SO THE GOAL WOULD BE FOR THEM AS A COMMITTEE TO MEET ANNUALLY OR AS AND NEEDS. UPDATE MISTER THE BETTER VALUATION REPORT THEY WOULD ESSENTIALLY SEE A DRAFT OF THAT REPORT. STAFF AND FROM US PRIOR TO BEING PRESENTED TO THE COMMISSION. THEY WOULD MAKE RECOMMENDATIONS. YOU ALL OF VARIOUS FINANCINGS IT'S SOMETHING THAT WOULD BE REVIEWED AND UPDATED. 5 YEARS. >> SO THE THE STRUCTURING CONSIDERATIONS. AND THIS IS WHERE WE KIND OF GET INTO THE THE DEFINITIONS ALL THOSE. FINANCE LEGAL. JARGON SO BEFORE THE LIKE THAT THAT WAS THE LIKE THAT THAT MATTERS. >> YOU CAN ONLY BUY LAW ISSUE UP TO A HARD POINT THE USEFUL LIFE OF THE ASSET SO IF YOU HAVE A BUILDING. IF LAST 40 YEARS. YOU CAN FINANCE THAT OVER 30 YEARS AND NOT HAVE A PROBLEM. IF YOU HAVE A NEW CONDITIONING IT'S GOING TO LAST 15 YEARS. YOU CANNOT BORROW 30 OR MONDAY. TO PAY FOR THAT IT QUALIFIES TAXES SO THAT. THAT CLOTHING SO BACK LOADING THAT IS NO NO. FOR GOVERNMENT OF FUN YOU WANT TO TARGET LEVEL PAYMENTS WANT TO HAVE YOU KNOW THAT STABILITY FROM A BUDGET RESPECTFUL. SO YOU WILL TYPICALLY SEE A LEVEL PAYMENT STRUCTURE THAT HOME INTEREST LOOKS LIKE A MORTGAGE ON ALL IT WOULD BE LEVEL THE SAME PAYMENT EVERY YEAR. MORE OF THAT BEING PRINCIPAL TOWARDS THE BACK. >> AND MORE BEING >> SO ARE FUNDING A STAFF HAS OVER THE YEARS, WE'LL CONTINUE TO LOOK FOR OPPORTUNITIES TO REFINANCE TO A LOWER RATE. SO THE BET THAT'S ISSUED. AND THE NEXT MODEL. IT'S NOT THE LOWEST INTEREST RATE ENVIRONMENT THAT THE CITY'S INITIATIVE TO SO. 7, 8, YEARS DOWN THE ROAD. YOU LOOK TO REDUCE YOUR INTEREST COSTS. A REFINANCE SO REFUNDING IT'S SIMPLY REFINANCE JUST LIKE YOU REFINANCE YOUR MORTGAGE WE WOULD LOOK FOR OPTIONS TO REFINANCE THAT PETITION AS HAS BEEN A. CREDIT ENHANCEMENTS ARE THINGS THAT YOU WOULD THAT MAKE THEM. APPEALING AND ATTRACTIVE TO INVESTORS. SO TO RATED. WOULD NOT SEE. YOU CREDIT ENHANCEMENT. IF THE CITY WERE TO ISSUE SINGLE A RATED. YES, TAX DEAL OR SIRI BUEHLER SOME OTHER TYPE OF FINANCING. YOU COULD PUT INSURANCE TO INCREASE THE CREDIT QUALITY TO INVESTORS THAT WOULD WANT THE DOUBLE-A RIGHT SO CREDIT ENHANCEMENT IS THIS SOMETHING THAT THE CITY. NECESSARILY BUT THERE COULD BE. AND THEN STEMS SINGLE A RATED THAT IS ISSUED IN YOU AND WE WOULD LOOK AT THE VALUE OF ADVANTAGE. THAT SERVES RESERVE FUNDS ARE PUT IN PLACE AND FUNDED THE BOND PROCEEDS. AS A SECURITY SOURCE FOR THE DEBT PAYMENTS SO. FINANCING BUT WE'RE GOING THROUGH THE PRICE FOR WIDENING. ONE YEAR THAT SERVICES 5.5 MILLION. WHEN YOUR DEBT SERVICE WILL BE FUNDED TO PUT INTO ACCOUNT AND THAT'S ADDITIONAL SECURITY SO THAT NO MATTER WHAT THE REVENUES ARE PLEDGE. THERE'S A RESERVE FUND THERE TO MAKE PAYMENTS. PAID OFF AND IT FOUND THAT SO ESSENTIALLY USE THAT THAT SERVICE RESERVE MAKE YOUR LAST CAPITALIZED INTEREST EXACTLY THAT ITS INTEREST FOR THIS OVER THE LIFE OF THE DEAL. SO IF YOU'RE DOING REVENUE GENERATING PROJECT THAT DOESN'T HAVE NEW START CHILL YEAR 3. YOU SHOULD HAVE 2 YEARS CAPITALIZED INTEREST TO GET THROUGH THAT. EVERY STAGE. THAT WAS INTEREST NOT ONLY DONE BY LOCAL GOVERNMENTS FOR GOVERNMENT INFRASTRUCTURE. IT IS SOMETHING THAT USED MORE OFTEN WITH TOLL ROADS AND IN OTHER THINGS LIKE THAT THAT WOULD HAVE A REVENUE COMPONENT DIRECTLY IT'S GREAT THAT IS WHAT THE CITY IS TRADITIONALLY ISSUE THAT'S THAT'S THAT'S ISSUES WITH THE KNOWN TO OR NO INTEREST PAYMENT OF THIS PAY FOR THE LIFE OF HERBAL INTEREST THAT IS SOMETHING JUST 3 OUT OF PLAY. SO COULD BE A DAILY WEEKLY MONTHLY. IT COULD HAVE A RESET AT WHATEVER ITS STRUCTURE POOR. IT'S AFFECTED IN THE STEEP RATE BY REP. WHEN SHORT-TERM RATES ARE REALLY LOW. THE ISSUERS THAT ARE LOOKING AT IT. ARE RIGHT OUR ANTICIPATED RIGHTS TO DRAW FOR THE NEXT COUPLE YEARS FOR THEIR PAYMENTS TO DROP BECAUSE OF THAT. RIGHT THAT IS NOT SOMETHING. YOU WOULD A LARGE ACROSS THE BOARD. IT DOES HAVE REST. THERE'S BUDGET THERE'S THERE'S REASONS WHY YOU WOULD USE IT IF YOU'RE USING IT FOR CONSTRUCTION, VERY GOOD IF YOU DON'T KNOW THE COST THOUGH BEFORE PROJECT AND YOU'RE USING IT. TO MAKE DRAWLS SO YOU'RE NOT INTEREST UNSPENT PROCEEDS. BUT TYPICALLY WE WOULD ISSUE A TREE THAT UNLESS THERE'S A COMPELLING CASE. THEIR OBLIGATION THAT'S THAT PAYBACK PROPERTY TAXES. REVENUE THAT IS THAT'S THAT'S A SPECIFIC THREAT FROM THE CITY. TAXABLE DEBT IS THAT THAT USED. TO FUND PROJECTS THAT HAVE AT THAT. COMPONENT SO IF YOU HAVE A PARKING GARAGE THAT HAS RETAIL SPACE. IT'S A FOR-PROFIT OR SPECIALIZED USE IT MAY NOT QUALIFY TAX EXEMPT THAT. SO YOU WOULD CONSIDER TAXABLE. OR IF YOU HAD TO HAD THE OPPORTUNITY TO ADVANCE FOR FUN. YOU HAVE TO ISSUE TAXABLE DEBT TO FINANCE REFORM UNTIL THE CURRENT COLE, SO WE DID FOR THE TRANSPORTATION AND SORRY UNTIL WHAT. >> TAXABLE DEBT. >> WAS ISSUED TO REFINANCE THE TRANSPORTATION BONDS BECAUSE WE WERE NOT WITHIN 90 DAYS OF THE CALL WINDOW. SO YOU'D ISSUE TAXABLE BUT UNTIL YOU REACH THE CALL WHEN THAT'S WHEN CONVERTED TO A BACK. LEASING SO THERE'S 2 TYPES OF OF DISCUSSIONS AND WITH THAT HULL CITY LEASING IS A TRADITIONAL YOU LEASE A CAR. FOR EXAMPLE, YOU NEVER TAKE OWNERSHIP OF IT MAKE LEASE PAYMENTS ON THE VEHICLE. BUT YOU DON'T PLEDGE SPECIFIC BECAUSE OF A POINT TIME STOP MAKE LEASE PAYMENTS. THEY COME PICK UP THE CAR RIPA'S US. THAT'S LEASING OF EQUIPMENT THAT HAS A SHORT LIFE. THE CITY WOULD NOT WANT TO HAVE. MAINTENANCE AS RESPONSIBILITY FOR THAT ASSET. A LEASE PURCHASE. IT'S SIMILAR AND THAT THE ASSET THAT SECURES THE PAYMENTS. IS THE EQUIPMENT. BUT YOU WOULD HAVE OWNERSHIP OF THE EQUIPMENT AT THE END OF THE LEASE TERM. FOR EXAMPLE POLICE CARS. YOU COULD LEAST POLICE CARS OVER 3 YEARS. AND THE RESIDUAL VALUE OF POLICE CAR. YOU KNOW IS. IT'S A $5,000. THE PAYMENT AT THE END OF THE LEASE IS $10. SO YOU'RE ESSENTIALLY OF. THE POLICE CAR AFTER YEAR 3. AND DISPOSE OF IT CONTINUES. IS THERE STILL IS TO LIFE TOO. BUT THAT WOULD BE SOMETHING THAT THE CITY WOULD HAVE IN THE PURCHASE. THINGS LIKE STATE AND THE FEDERAL LOAN PROGRAMS SO THAT BORROWING FOR UTILITY. I WOULD BE AN EXAMPLE OR. TRANSPORTATION INFRASTRUCTURE BANK. OTHERS POOL AIR FUND BALL THAT'S WHERE CITY WOULD BE A LENDER TO ANOTHER CITY FUNCTION. PRESS BANK LOANS OR SOMETHING THE CITY HAS MET WITH THAT'S A PRIVATE PLACEMENT WITH THE BANK. A LOT OF CREDIT IS. SOLAR TO HEAL UP HOME EQUITY LINE OF CREDIT. OF FACILITIES DRAW. WHEN YOU NEED MONEY. MAN SINGH THAT'S. WHEN THE CITY WOULD ACT BUT THE BORROWER BE SOME OTHER AT CREDIT WOULD BE THAT AND THEN THERE'S OTHER TYPES OF DEBT. WE INCLUDE. FOR AND AND RAND SEE PIENSO 10 IS A ATTACK SINCE US PATIENT KNOW. THAT'S SOMETHING THAT SCHOOL DISTRICTS WOULD USE FOR EXAMPLE. SO TO PAY FOR THEIR BUDGET. AHEAD OF RECEIVING PROPERTY TAXES. BAND IS A BOND ANTICIPATION NOTE BE SOMETHING OF SHORT-TERM BUREAU BEFORE YOU ISSUE A FULL 30 YEAR. REVENUE ANTICIPATION OF A SIMILAR TO A TAM EXCEPT IT'S FOR OTHER REVENUE OPERATIONAL REDMOND'S CP NOTES ARE COMMERCIAL PAPER THAT SAY. A VARIABLE RATE. NO IT'S ISSUED PUBLICLY. FOR UP TO 270 DAYS. AND THAT WOULD BE A VERY BRIGHT TENSION FINANCE TEAM WOULD SOME STAFF. WOULD CREATE INFORMATION NEWS BUREAU VIEW BUT THAT FINANCE COMMITTEE. THE FINANCE COMMITTEE WOULD MEET WITH AND STAFF. AND THEN BRING FORWARD A RECOMMENDATION TO THE COMMISSION. THE COURT BISER TEAM WOULD HAVE GO TO COUNCIL BOND COUNCIL OR SO ALONG WITH THAT COMMITTEE AND STAFF. INVESTORS WILL BE THE UNDERWRITER SO IN THE CASE THE PRICE WINDING OF THE WHOEVER PURCHASES OF THE BEST RATE WHEN WE GO TO MARKET. QUARTERBACK FINANCING INSTITUTION. IF YOU'RE INTO A PRIVATE PLACEMENT FOR AN RFP. OTHER SERVICE PROVIDERS OR THE RATING MOVIES WOULD BE IN THAT ARE A CREDIT CANCER ASSURED GUARANTY. PRICE INSURANCE FOR CREDIT HANDS, BUT REGISTRAR PAGES YOU WOULD HAVE SOMEBODY THAT OPERATES AS A CUSTODIAN. OR TRUSTEE, MAKE PAYMENTS TO THE BONDHOLDERS. SEMI-ANNUAL THE PAYMENTS. THE PRE-PRIMARY METHODS OF SAILOR SAIL. THAT'S WHAT WE'RE OF PROPOSING FOR THE PRICE ROAD. PROJECT THE NEGOTIATED SO WHICH IS. WORST YOU WE WOULD SELECT UNDERWRITER AHEAD OF. ISSUING THAT THAT. AND THAT'S THAT'S A DIFFERENT PROCESS, BUT IT'S A PUBLIC OFFERING. JUST LIKE A COMPOSED SO AND THEN THE PRIVATE PLACEMENT WHERE WE ISSUE A REQUEST FOR PROPOSALS FROM BANKS AND FINANCIAL INSTITUTIONS. COMPLIANCE REQUIREMENTS WOULD BE A REPORT TO BONDHOLDERS SO THAT'S SOMETHING THAT'S PLAYED WITH THAT COMMITTEE. THAT WILL GO ALONG WITH YOUR ACT FOR SURE ANNUAL FINANCIAL. REPORTED. THERE'S TAX EXEMPT THAT COMPLIANCE THAT'S WHERE YOU HAVE A CALCULATION AGENT LOOK AT WHAT THE INVESTMENT EARNINGS ARE FOR OF HER PROJECT FUN, HAROLD TO WHAT THE BOND YIELD IS AND BASICALLY ENSURE THAT. YEAH THERE'S NO TRUST THAT'S ALSO PART ARE TRUST THEM THE TAX EXEMPT ELEMENT IS ALSO SOMETHING THE BOND COUNCIL WOULD WORK WITH TO AFFIRM THAT WHATEVER MATCH POLICIES ARE IN PLACE. ALL 5 FOR FINANCIAL DISCLOSURES. THESE ARE THE BANKS THAT REQUIRED TO PROVIDE IF YOU PROVIDE COVERAGE TABLES AND AS FOR EXAMPLE, AND THE OFFENSE STATEMENT AND THE DOCUMENT THE GOES-T INVESTORS YOU'RE REQUIRED TO PROVIDE THAT EVERY YEAR. SO IT WOULD BE WILL BECOME POTS. EASY TO SEE WE TRIED IT. ALL VARIOUS COMPONENTS HERE THE THAT FINANCE COMMITTEE WOULD BE THEY'RE ESSENTIALLY BALL. FROM TOP TO BOTTOM SO THAT FINANCE COMMITTEE. BROUGHT LIKE I SAID INFORMATION FROM STAFF FROM US OFF. WELL THE POINT OF FINANCE COULD LOOK LIKE WHAT THE OPTIONS ARE. YOU KNOW WE WILL LOOK AT SIZE AND STRUCTURING YOU KNOW WHAT IS THE WHAT'S OUT THAT SORT OF THING AND THAT TURN THEM OUT OF THE SALE. SO THAT'S BEEN THE GOSHEN SO. SO BACK ON. ACCESSING THE CAPITAL MARKETS WOULD TO GO TO MOVIES AND PRESENT THE CREDIT, A SIMILAR TO WHAT WE'VE DONE. CRAIG HANSEN THAT THAT'S SOMETHING THAT WE FEEL IT IS THAT SEARCH THAT'S SOMETHING WE WOULD VALIDATE SHOW WHAT THE COST BENEFIT IS ONLY ADVISE ON IT THAT MADE SOME FINANCIAL. COMMISSION WOULD APPROVE THE PRIMERS JUST LIKE YOU'RE GOING TO PROVE. TOMORROW THE ISSUANCE OF THAT THEY STOP CERTAIN CRITERIA BUT. RESOLUTION THAT THAT CAN EXCEED SUMMER YEARS INTEREST RATE CAN BE GREATER. THAN THAT SO THERE'S THE PARAMETERS THAT HAPPEN, BUT THAT SALE TO HAPPEN. AND THEN CLOSE CLOSE THE FINANCING. MONEY MOVES. START MONITORING THAT'S WHEN THE POST PART OF THE ANNUAL REVIEW OF THE DEBT FINANCE COMMITTEE WOULD BE TO LOOK AT REFINANCING OPPORTUNITIES THAT'S SOMETHING HISTORICALLY WE USE OF DERIVATIVES IT'S NOT WORKING OUT SO PLUS HAVE YOU KNOW SORT OF A A BAD REPUTATION GENERAL, YOU KNOW GOVERNMENT BECAUSE IT IS OVER COMPLICATED FOR WHAT WE TRADITIONALLY SEE IS AS FIRM ITSELF SO THAT'S A 25 BASIS POINTS WHICH IS A QUARTER OF A PERCENT BUT TAKE ON ALL THIS EXTRA RISK. WE'RE NOT BE SOMETHING WE WOULD RECOMMEND. THE RISKS ASSOCIATED MARKET. IF RATES GO UP OR DOWN THAT COULD IMPACT WHAT YOUR LIABILITY TERMINATED. COUNTER PARTY. IF A BANK LEAVING. FOR EXAMPLE GOES BACK YOU WHAT DOES THAT DO TO YOUR. OUT OF PART OF REST. BASIS MISMATCH WHICH IS ESSENTIALLY HAVING 2 DIFFERENT IN THE SEAS, I'M A SINGLE TRANSACTION AND COLLATERAL POSTINGS ALL THESE REASONS ARE THINGS THAT WE WOULD NOT RECOMMEND THE CITY WITH USED TO REPS THERE WERE SOMETHING THAT CHANGE PRIOR TO THAT WE WOULD WORK WITH STAFF. THROUGH THE DEBT FINANCE COMMITTEE. MAKE A PRESENTATION IT REQUIRED CHANGE ALSO. I DON'T CARE. >> PROBABLY THE US. >> ALRIGHT QUESTION IS HERE. ALL MISSION ALIGNED IN YOUR FIRST STEP IN THE THANK YOU >> I HAVE A LOT OF QUESTIONS I THINK I HEARD ANSWERS TO SOME OF THEM SO I MAY WANT TO COME FROM WHAT I WHAT I HEARD. YOU TALKED A LITTLE BIT ABOUT HOW WE MIGHT IMPROVE OUR CREDIT RATING. >> THAT I TAKE AWAY FROM YOUR PRESENTATION THAT THE AVERAGE INCOME OF THE HOUSEHOLD IS A FACTOR THAT OUR OVERALL PROPERTY VALUES OR A FACTOR, HOW IMPORTANT ARE THOSE IN OUR OVERALL CREDIT RATING. YEAH, THAT'S >> NOW AS WE GO BACK TO THE PRESENTATION LIKE IT WOULD BE GREAT GO HELP ME OUT THE PRE >> SO WHEN YOU LOOK AT THE SCORECARD. THE WEIGHT OF EACH OF THESE SUB COMPONENTS IS THE 3RD CALL THE RIGHT. SO YOU CAN SEE THE INCOME IS 10% OF. THAT CALCULATION. THE VALUES GROWTH IS 10% 30%. OF YOUR SCORE IS BASED THOSE. >> ECONOMICS OKAY SO DOUBLE-A WERE NOT HORRIBLE KNOWS. YEAH, ABSOLUTELY NOT YOU'RE NOT HORRIBLE. I THINK THE SCORE CARDS REALLY USES A HIGH LEVEL TOOL. >> YOU KNOW IF YOU LOOK AT LEESBURG. >> THERE. RETIREMENT POPULATION IS MUCH HIGHER AND SO THEY'RE FIXED INCOME SO THERE THEIR INCOME IS LOWER, BUT. YOU KNOW THAT THERE'S JUST MORE THE STORY TAKE THE SCORE CARD THAT WE BUILT THE CASE FOR THE STORY. >> OKAY GREAT THANK YOU THAT HELPED A LOT. LOOKING AT THE DEBT AFFORDABILITY MEASURES AND. AND THINKING ABOUT THIS I WAS ALWAYS SORT OF THINKING LOVE THE MARKET. WELL REALLY PROVIDE THE GUARDRAILS BECAUSE NO ONE IS GOING GIVE US MONEY IF WE DON'T HAVE A GOOD CREDIT RATING, BUT JUST MY THINKING A LITTLE BIT AND. TELL ME IF I'M LOOKING AT THIS THE MOST ACCURATE WAY BUT GET THE DEATH FOR BILITY MEASURES. HAS GUARDRAILS THAT WOULD PREVENT US FROM EVER BEING TURNED DOWN FOR CREDIT I WOULD NEVER WANT THAT TO HAPPEN. AND SECOND IF WE PUT OUT A BOND OFFERING I WOULD ALWAYS WANT TO HAVE A CHOICE. PLACES TOO. EXCEPT AN OFFER TO ACCEPT ON THAT BOND RATING SO IS THAT FAIR WAY LOOKING AT IT. >> THINK THE RISK OF NOT BEING ABLE TO ISSUE DEBT IS EXTREMELY LOW. SO THE CITY ALWAYS HAVE. >> REVENUE THAT COULD BE PLEDGED AHEAD OF CERTAIN COSTING COVER SO. >> THERE'S A CENTRAL SERVICES AND THOSE ESSENTIAL SERVICES POLICE FIRE AND. >> GOVERNMENT HAVE TO BE PAID. >> IT DEFERRED MAINTENANCE CONTINUE TO GET TOUGHER AND OTHER THINGS CAN CONTINUE TO GET. REALLOCATED YEARS. >> SO THE THOUGHT THAT. >> A BONDHOLDER. >> WOULD BE AT RISK EVEN IN A SINGLE A SCENARIO IS VERY REMOTE. >> I THINK. >> THE METRICS HERE ARE MORE TO KEEP YOU IN THE DOUBLE A DISCUSSION. SO YEAH DIA IS THAT. AS YOU BUILD CAPACITY AS POPULATION GROWS AS YOUR BUDGET GROWS. THOSE METRICS ALLOW FOR TO DO CRITICAL INFRASTRUCTURE IMPROVEMENTS. SO THAT EVERY 5 YEARS YOU'RE GOING TO LOOK AT THE POLICY. YES, SOME SOMETIMES METRICS THAT ARE USED FOR YOUR PEERS WOULD CHANGE THE RATING AGENCY CHANGES WE WOULD WANT TO KEEP INFORMATION THAT'S PUBLICLY AVAILABLE THAT WE CAN USE TO CONTINUE PROVIDING AT ANNUAL REPORT OF THE FINANCIAL HEALTH CITY. COMMITTEE TO COMMISSION SO THERE'S REASONS FOR CHANGING THAT, BUT REALLY THE MEASURES SHOULD BE A RELATIVE BASIS ADJUSTED WITH CROOKS. OK THANK YOU. >> MADAM MAYOR, I'M NOT TIMING MYSELF SO YOU MIGHT KNOW IF YOU WANT TO KEEP US TO 10 MINUTES AND THINK I COULD HAVE A LOSS HERE. AND OR DEATH FOR THE ABILITY. I AM C. IT STATES DEBT SERVICE PAYMENTS AS A PERCENTAGE OF OPERATING REVENUE WHEN I THINK ABOUT OPERATING REVENUE I THINK THE GENERAL FUND AND WE'RE REALLY LOOKING AT REVENUE. >> ON AND LIGHT THAT. SHOULD WE CONSIDER HAVING AFFORDABILITY MEASURE. >> THAT CAPS THE PERCENT OF THE REVENUE FUND THAT COULD BE APPLIED TO DEATH. BECAUSE WHEN I THINK OF SOME OF OUR REVENUE FUNDS WE CURRENTLY USE THOSE FOR IMPORT THINGS THAT WE CAN USE OTHER NOMINEES FOR SURE SHOULD WE IT MIGHT HAVE TO BE APPLIED REVENUE FUND REVENUE FUND, I DON'T THINK IT WOULD BE ONE SIZE FITS ALL. BUT WOULD YOU RECOMMEND THAT WE ESTABLISH SOME TYPE OF HALF A PERCENTAGE OF THAT REVENUE FUND IN THE COMBAT CAN BE APPLIED TO DEBT I THINK INTERNALLY. >> THOSE GUARDRAILS COULD BE HELPFUL. I THANK X TURLEY THIS IS THE DOCUMENT THAT. PROVIDE THE WORLD TO INVESTORS FOR THEM TO BENCHMARK HOW YOU. AVERAGING. HOPEFULLY I THINK. THE MORE INFORMATION AND THE MORE DETAIL THAT'S IN THIS THAT POLICY. THE MORE THINGS COULD GET YOU DOWN HOW IT DON'T WANT TO CONFUSE TOO MANY RIGHT SO SO EACH TRANSACTION FOR EXAMPLE, THE SURTAX DEAL ALL RIGHT, WE'RE NOT ALLOWED BORROW. MORE THAN HALF OF WHAT LAST YEAR'S REVENUE MOUTH WAS SO WE PROMISED THE BONDHOLDERS TO TUBS COVERAGE. >> ON ANY THAT. THAT WOULD BE ADDED TO THE CURRENT THAT SO. UTILITY BOMBS. YOU PROMISED THAT YOU HAVE A RATE. IMPACT THAT WILL ENSURE 1.1 TIMES COVERAGE OF THAT. SO THERE'S CERTAIN PROBLEMS AS YOU MAKE CASE-BY-CASE MAN SINGS THAT IS SPECIFIC TO SILOS REVENUES, YOU'RE EXACTLY RIGHT IF GAS TAXES MEANT TO BE LEVERED LIKE THE SURTAX IS MEANT TO BE LOVER. YOU WANT TO TIE. THOSE CREDIT HOLDER'S TOO. THAT SPECIFIC REVENUE. THIS IS IN GENERAL. HOW AVERAGE. REGARDLESS OF WHICH REVENUES ARE BEING USED. FROM A BUDGET PERSPECTIVE. I PAY. 25% EVERY BUDGET FOR THAT SERVICE THAT WOULD BE UNHEALTHY AND HOW WE'VE SET POLICY. >> THANK YOU FOR THAT THAT HELPS. I ALSO HAD A QUESTION ON HOW WE COMPARED WITH NEIGHBORING COMMUNITIES BUT YOU HAVE THAT YOUR PRESENTATION. I'M ASSUMING THAT THESE AFFORDABILITY MEASURES ARE ALL THINGS THAT AGENCY LIKE MOODY'S WOULD ALSO LOOK AT THESE ARE ABSOLUTELY OKAY GREAT. I'VE KNOWN SOME QUESTIONS INTERSPERSED HERE. AND AND BORROWING I DIDN'T QUITE GRASP WHAT THAT IS CAN YOU GIVE ANOTHER EXAMPLE OF WHAT THAT MIGHT LOOK LIKE SO >> ONE OF THE BEST EXAMPLES OF AN INNER FUN BORROWING IS AN ACCOUNT. IS A LANDFILL CLOSURE NOW HAS REQUIRED BALLOTS. >> THERE >> OF EMERGENT NEED TO REPLACE A PIPE BROKE UNDER ROAD. AND IT'S A 10 BILLION DOLLAR FIX WELL THAT THE CURRENT BUDGET THAT HAVE A 10 MILLION DOLLAR PIPE REPAIR SO THERE COULD ENTER OF LOVE. FROM THE CLOSURE FUN TO UTILITY FUND. IT IS THAT BUDGET IN THE NEXT YEAR OR BUDGET PAY BACK IF YOU HAD A STORM WATER FUND OR SOMETHING LIKE THAT SO IT'S REALLY. AND A PRICE POND OR A GENERAL FUND. SO FUN LOW. THE KEEPS YOU FROM HAVING TO GO EXTERNAL FOR FINANCING. SO IF INTEREST RATES SPIKE. WE'VE GOT THE COVID INTEREST RATES SPIKE YOU NEED. EXCEPT TIGHT. 12% LOVE DOESN'T MAKE SENSE SO YOU WOULD THEN OUR FUN LOVE 3%. SO YOU WOULD SET UP A 3% PAY BACK TO ANOTHER FUN FROM UTILITY FOG. AND THEN YOU WOULD. ESSENTIALLY DO RIVERS RATE. THE FOLLOWING YEAR. SO A LOT OF TIME TO CHOOSE. YEAR 2. CEPEDA COSTS. >> WOULD OUR HURRICANE IAN RECOVERY. >> IN AN EXAMPLE THAT I MEAN WE UNACCOUNTED FOR THOSE EXPENSES. >> AND OUR ROAD AND DRAINAGE RESERVE. BUT WE DIDN'T REALIZE OTHER RESERVE FUNDS TO COVER THAT IS EXAMPLE OF AN INTEREST TRANSFER NOT IN A BECAUSE WE COULDN'T BUT JUST FROM A PAYING THE BILLS POINT OF VIEW. >> SO NO WE DIDN'T DO ANY INTEREST ON LOANS DURING THAT PERIOD WE USE PULLED CASH TO ALLOW OUR ROAD AND DRAINAGE TO RUN INTO THE NEGATIVE. ALL RIGHT. >> SO THE INNER FUN LOAN WITH CASH BUT THEY DON'T THE FACT THAT THAT FUND BALANCE IS GOING. >> INTO THE MENTIONING THAT MIXES OK SO OKAY THINK I OKAY YOU'VE ANSWERED THAT. TIME HEALED AND I MAY HAVE A COUPLE OF OTHER QUESTIONS, RIGHT READ IN MY NOTES QUESTIONS COMMISSIONER MCDOWELL. >> ONE THING I LOVE ABOUT BEING THE COMMISSIONERS THE THINGS THAT YOU LEARNED THE WAY AND I WOULD NEVER IN MY WILDEST DREAMS THINK THAT WOULD BE LEARNING SO I A LITTLE BIT OF GRACE BECAUSE THIS IS EXTREMELY IMPORTANT TO ME AS AS I'M SURE IT IS TOO MANY OF VIEWERS THAT MAY BE LISTENING AT SOME >> I HEARD YOU EARLY ON IN YOUR PRESENTATIONS SAY TOOL MEANING THE DEBT MANAGEMENT POLICY. IS FOR THE INVESTING COMMUNITY. >> AND AGAIN WHEN COMMISSIONER LANGDON HAD BROUGHT IT UP USE YOU SAID THAT LIKE THESE WOULD IS DEBT MANAGEMENT POLICY. >> BUT WHEN WE WERE DOING THE REFERENDUM. >> I THOUGHT. >> THE DEBT MANAGEMENT POLICY WAS FOR THE AUDIENCE OF THE CITIZENS. >> TO BE ABLE TO PROVE. THE REFERENDUM. >> SO HEARING ♪ >> CONFLICTING AUDIENCES HERE AND I'M TRYING TO UNDERSTAND. MOVIES MAY APPRECIATE A U.S. ♪ CITIZEN PER CAPITA OF $2500. CITIZENS MAY LOOK AT THAT AND GO THAT'S A LOT OF MONEY. THAT THEY WOULD AND I DON'T WANT TO USE RESPONSIBLE FOR REPAYING BUT IT DECK COULD GO UP, I MEAN IF YOU TAKE $2500 AND MULTIPLYING BY WAS A 91,000 POPULATION. I COULD BE ALMOST 225 MILLION DOLLARS THAT'S A LOT. AND BEING COMING FROM A POINT OF NOT ISSUING DEBT TO BEING ALLOWED TO ISSUE DEBT. ONE TO 25 MILLION DOLLARS. THAT SEEMS A SO HELP ME OKAY. INTEREST IN THIS POLICY AND CITIZENS INTEREST IN THIS SPOT HOUSE. GREAT QUESTION IS IS THE BIGGEST THING THAT I FROM THIS PRESENTATION AND IT DIDN'T HIT X >> POLICE ASKED ALL THE QUESTIONS BECAUSE THIS THIS IS WHILE WE HAVE THE TIME CARPET. FOR THIS DISCUSSION SO FROM MY PERSPECTIVE, YOU KNOW IT BUYS IN THE CITY. THE MOST EFFICIENT WAY TO ACCESS THE CAPITAL MARKETS. THIS IS AN OUTWARD-FACING TOOL. THE CITY MANAGER. DEAL WITH PEOPLE AND. FROM YOUR PERSPECTIVE THIS IS A WAY FOR PROVIDING COMFORT THAT. YOU'RE MANAGING. WITH A FIDUCIARY RESPONSIBILITY TO THE CITIZENS. SO I THINK IT WORKS BOTH WAYS. I SEE IT AS A TOOL. WE CAN SAY WE HAVE POLICY IN PLACE THESE ARE THE GUARDRAILS THIS IS WILL THE CITY COMMISSION IS COMMITTED TO. FROM FISCAL SUSTAINABILITY. FORECAST AND THAT. THIS HASN'T BEEN REQUIRED IN THE PAST BECAUSE. >> ALL OF THE. >> THAT FINANCING SO ISOLATED. >> IF A VERY SIMPLE AND SMALL THAT EXPOSURE. >> THAT DIDN'T HAVE A WHOLE LOT OF POPULATION. >> MANAGEMENT RISK. SO WITH THE REFERENDUM APPROVAL. THERE WOULD BE SOME GUARDRAILS YOU WOULD WANT TO HAVE IN PLACE FOR THE CITIZENS TO KNOW YOU'RE MANAGING TO. MANAGEMENT STANDARDS THAT'S THAT'S WHY THIS WORKS FOR BOTH. I THINK IT DOES SORT FRAME. YOU KNOW AFTER THE PRICE WIDENING. YOU KNOW WITH THAT METRIC THAT THAT PER CAPITA 140 ABOUT. WHERE YOU'RE TAPPED OUT. AND EACH OF THOSE HAVE A DIFFERENT NUMBER FOR WHAT THE THAT CAPACITY WOULD BE. THAT CERTAIN TARGET THRESHOLD. SO 2 AND A HALF PERCENT IS THE CAP. A 140 MILLION ISSUED. SO THAT NUMBER CHANGES BASED ON TOP, YOU KNOW JUST WHAT THE CAP IS OR WHAT THE TARGET IS. BUT IT WORKS FOR BOTH INTERNAL AND >> WAS TAKINGS THIS SLIDE HERE. >> THAT'S UP ON THE SCREEN HAS. THE RECOMMENDED AMOUNT. THE COMMISSION CAN LEVERAGE OR INCREASE IT AT WILL OF THE BAT. >> YEAH, I MEAN SO THERE'S THERE'S A LOT OF OPTIONS AND WE COULD PRESENT ALL THE OPTIONS ISSUERS HAVE A TARGET AND THEN THE MAX, SO SOME SAY YOU THERE'S A TARGET OF 1500 BUT A MAX. 2500 THAT SO YOU CAN HAVE DIFFERENT COMPONENTS AND IT'S REALLY. THE COMMISSION CHOOSES BUT WE RECOMMENDED A TARGET THAT IS THE MAXX OR LESS AND THEN YOU WOULD TRY TO MANAGE TO THE LOWEST LEVEL POSSIBLE. >> SO THE TARGET IS WHAT YOU'RE MANAGING. AND THE MASKS IS SAYING OKAY, SO THE TARGET WE COULD MAKE I DON'T KNOW 750 I DON'T I DON'T REMEMBER WHAT THAT'S LIKE LOOKED LIKE THAT WAS SHOW THE WIND GOING ACROSS. I THINK IT'S ONE >> CAPITAL. >> IT WAS A RED LINE AND VOTE FOR IN THE OTHERS AND WHERE WE WERE ON THAT RED LINE. IT DISAPPEARED ANYONE'S HAHA SO I DON'T THINK WE WE WERE CONSIDERING SO. >> WE LOWER THAT. >> TARGET TO LET'S SAY A 1000 BUT HAD THE MAX AT 2500 THAT DOES NOT. >> IN MOMENTS, NEGATIVELY MOVIES, BUT IT MAY POSITIVELY INFLUENCE THE U.S. IT >> I THINK YOU WANT TO BE MINDFUL OF. WHAT THAT FORECAST AS I MEAN WE WERE ESSENTIALLY PREPARING TO. INCREASED SIGNIFICANTLY OVER 900 PER CAPITA JUST WITH THE PRICE JUST DINING SO THIS IS HISTORICAL IN TODAY THIS PRICE AND DO WE KNOW THAT GET YOU TO JUST UNDER 1000. IT'S ABOUT A 200% INCREASE AND. SO THE TARGET. YOU WANT TO BE ACHIEVABLE. BUT YOU DON'T WANT TO OUTSIDE OF THE RANGE OF. SO IF YOU GET TO A 1000 PER CAPITA AND POPULATION DOESN'T GROW WHICH POPULATION HAS BEEN GROWING SIGNIFICANTLY. THE POPULATION DOESN'T GROW THAT OVER THE NEXT. 10 YEARS FOR EXAMPLE. YOU CAN BORROW 140 MILLION PLUS WHATEVER GETS PAID OUT OR THE NEXT 10 YEARS. >> SO WHEN YOU'RE SAYING THAT DEBT PER CAPITA THAT'S THE TOTAL THAT. >> THAT'S THAT'S TOTAL >> FOR YOUR. REVENUE THAT. >> GENERAL HAVE. >> YES FOR FOR OUTSTANDING THAT SO THAT'S TOTAL THAT WE HAVE THE THAT AS A PERCENTAGE THAT YOUR DEBT PAYMENT. >> BUT THIS IS TOTAL PARMA THAT'S OUTSTANDING. >> SO THIS IS PRINCIPAL JUST PRINCIPLE. ALL RIGHT SO THIS IS THE TOTAL PRINCIPLE MAKING MY NOTES SO I HOPE I DON'T DUPLICATE MY QUESTIONS. SO WHERE'S THE TOTAL THAT FOR PRINCIPAL AND INTEREST AND >> SO THAT THAT'S A DIFFERENT THIS IS DEBT SERVICE AS A PERCENTAGE OF YOUR TOTAL BUDGET. >> I PROBABLY HAVEN'T OKAY, SO THAT'S WITH INTEREST CORRECT. PRINCIPAL. >> THIS LOOKS AT HOW MUCH AND PRINCIPAL AND INTEREST ARE YOU PAYING PER YEAR COMPARED TO HOW MUCH YOU RECEIVED THAT YEAR. >> PRINCIPAL INTEREST IS THIS NUMBER INCLUDING THE FEES BECAUSE I'M SURE YOU ALL WANT TO GET PAID FOR DOING THIS YEAH, SO THAT THESE ARE ADVERTISED WITH THE LOAN. SO FEES ARE PAID JOB OF. THE BOND PROCEEDS. SO CUT OUR TIES WITH YOUR PROJECT FUND. SO CURRENTLY THIS SLIDE 31 IN THIS WILL BE MY LAST BECAUSE I KNOW THAT MY TIME MAYOR, BUT I DO HAVE OBVIOUSLY MORE. >> SO THIS IS HOW MUCH CURRENTLY. >> SO THAT AMOUNT IS TOO. 2.6 MILLION. AND THAT'S GOING TO 8.1. 2.6 MILLION AND WITH THE PRICE BOULEVARD IT GOES TO 8.1. NO. >> IT SAYS HERE WITH THE TARGET OF 15% OR LESS SO THIS TARGET LOOKS LIKE IT'S ABOUT 2 AND A HALF PERCENT CURRENTLY. >> IS THAT A FAIR TO 2 AND A HALF PERCENT IS THE THAT TOO. 15% IS THE OPERATING AS CURRENTLY. >> SO ONE OF THE QUARTER AND IT WOULD GOOD TO 4%. >> SO IS THIS SLIDE C N. THE LETTER C IN THE POLICY. OKAY NEED COME BACK FROM THIS BUT I DEFINITELY AND I JUST TURNED CONFIRMED, YOU SAID ONE AND A HALF PERCENT CURRENTLY WITH THIS SITE IS AND WITH BOULEVARD GOES TO WHAT SO THIS SLIDE HAS MOODY'S SO THIS IS USING THEIR IMPLIED THAT PAYMENTS WHICH NOT SOMETHING WE CALCULATE. >> WE CALCULATE THE ACTUAL THE ACTUAL IS WHAT A QUARTER AND IT WILL GO TO. JUST ARE FOR OR SO THEY HAVE AN POPULATION FOR WHAT THEY. WHAT IS YOUR DEBT SERVICE PAYMENTS. SO. >> COMPARING SEE ONLINE 87. WHAT ARE WE AT NOW WITH OUR TARGET THRESHOLD OF 15% WHERE ARE WE IN THAT NOW. >> SO FOR THE PRICE CLIMBING. 1.2 4 OKAY AND THEN WITH PRICE, IT'S THANK YOU I JUST WANT TO MAKE SURE THAT I WAS COMPARING APPLES AND APPLES I THANK YOU FOR THE INDULGENCE I WILL PUT MY LIFE BACK ON THINK OKAY. THANK VICE MAYOR. SO. TO TRY >> PUT ALL THIS IN SOME SORT OF PERSPECTIVE FOR THE AVERAGE PERSON TO TAKE A LOOK AT LEAST THAT IF YOU WOULD MIND THAT CHART BACK UP THAT AFFORDABILITY. SO. THIS CHART SHOWS THAT AS A FUNCTION OF OPERATING REVENUE OPERATING REVENUE DEFINED THAT AS GENERAL REVENUE. OKAY, WHICH FOR CHARTER AMENDMENT. IT'S TOTALLY GIVEN UP LITTLE SENSE. >> WELL IT'S A MEASURE BY WHICH. OR RATING AGENCIES CAN WILL TO SEE HOW DEAD. RELATES TO TOTAL OPERATING REVENUE TO DISPARO WEST AS THAT TAX MONEY KNOW GENERAL REVENUE MONEY WILL BE USED TO SERVICE ITS DEBT. FOR ALL INTENTS AND PURPOSES, CERTAIN MONEY IS OBLIGATED VIA PRICE AND ITS PROJECTS AND A HANDFUL OF OTHER PRIORITIES THAT CITIZENS THEY APPROVED THE REFERENDUM FOR CERTAIN 2 YEARS AGO WHICH LEAVES BASICALLY. DISTRICT FUNDS ICON BUT ENTERPRISE FUNDS UTILITIES. PUBLIC WORKS RESCUE WHICH WILL BE POCKETS OF TO SERVICING DEBT THAT THE CITY WHERE TO INCUR SINCE THIS IS FOR THE PURPOSE REALLY NOT PRIMARILY. SPECIFICALLY FOR THE PURPOSE OF FIXING INFRASTRUCTURE AND ADDRESSING AND INFRASTRUCTURE FAILURE AND CRISIS TO INFRASTRUCTURE. >> THESE THESE THESE ENTERPRISE FUNDS WOULD BE UTILIZED. >> THERE'S >> ONLY SO MUCH MONEY. IN THE BUDGET ALLOCATED WITHIN THESE VARIOUS ENTERPRISE FUNDS FOR CAPITAL IMPROVEMENTS RIGHT NOW WHEN WE SIT WE PAY AS YOU GO SO IF THE BUDGET FOR UTILITIES 50 MILLION PICK A NUMBER AND IT IS FOR CAPITAL PROJECTS SPENT. THIS REFERENDUM THAT WOULD GIVE US BELATED TAKE THAT 20 MILLION AND IT SO EACH YEAR IS THAT WHEN YOU BECOMES AVAILABLE WATCHING THAT 20 MILLION THAT SERVICE. PRINCIPAL AND INTEREST FOR YEARS. AND WE COULD DO MORE PROJECTS. KEPT SO IN TRYING TO RELATE. THESE RATIOS. IF YOU THE THAT THESE PRICE THAT WERE AVAILABLE IN THE ENTERPRISE FUNDS OR IN THESE DISTRICT FUNDS FOR CAPITAL IMPROVEMENTS. IN CRIMEA FROM ALL THE CHANCES. MAXINE PUSHING TO THIS 15 PER OF TOTAL OPERATING REVENUE IT MIGHT OPEN ALMOST IMPOSSIBLE BECAUSE THERE'S JUST NOT THE AVAILABLE SO WHILE WE TALK ABOUT 15 MILLION CAST WE'VE PUT PROJECTS THAT EMERGENCY OR NON INFRASTRUCTURE. >> RELATED UNRELATED. REALITY IS THERE'S A VERY LIMITED AMOUNT OF AVAILABLE. THE SERVICE PARLING WE'RE GOING TO DO HERE. SO. I I FACE OR AM LOOKING AT SO REALLY TIGHT THAT AS A PROJECT COMES FORWARD AND WE LOOK AT IT, LET'S TILLIS WANTS TALK TO FOR A PROJECT THAT'S GOING REQUIRE FINANCING. PART OF DECISION-MAKING PROCESS WILL TO LOOK AT IT DETERMINE RATIO BETWEEN. HOW WE WILL BE BORROWING FOR THIS PROJECT IN RELATION TO NOW >> TO SERVICE THAT AM I CORRECT. >> YEAH, I MEAN THAT'S A LOADED. >> OF COURSE IS FROM THE VICE MAYOR SO TRIED TO. >> BREAK IT UP AND AND HOW I AND MAKE SURE I ANSWER QUESTION. THE 3 METRICS YOUR DEBT TO REVENUE. >> IS. >> AS THE MOST CAPACITY. SO YOU WOULD. THROUGH THE OTHER 2 GET INTO THAT CAPACITY RIGHT. SO. FOR EXAMPLE, AN UTILITY. THOSE ARE VERY TIGHT PARAMETERS. HOLDERS. A RATE SO IT'S A VERY SOLID CREDIT. BUT THE CITY HAS ALREADY PROMISED 2 BUDGET AT A RATE THAT'S A POSITION TO COVER THAT THAT FACES 1.1 POTS. COVID IS OPERATING A BUSINESS AND ALL THE BUSINESS EXPENSES ARE BUDGETED FOR. BUT THAT COST HAS TO BE COVERED 1.1% OR THE COMMISSION IS OBLIGATED. TO INCREASE RATES. THE UTILITY EXACTLY RIGHT. BUT THAT IS GOING TO BE A BUSINESS DECISION. THE IS MANAGED BY YOUR UTILITY FOLKS AND YOU'RE A MAKING SURE THAT YOU RUN OF THAT LINE. BRINGING ON ADDITIONAL. LEADERS AND. COUNTS IS GOING THE IT WILL COVER THE ADVERTISE CAUSE BECAUSE. YOU'RE GOING TO HAVE TO PAY IT. >> SO THE GOAL BEING TO GET THE RED WHICH IS WHY WHEN YOU IN THE EARLY PART OF PRESENTATION WHEN YOU PUT UP THE COUNTY DOES NOT PATCH OF ENTERPRISE. IT'S BECAUSE IT MAKES NO SENSE BECAUSE IT'S A BUSINESS DECISION. BASED ON PRICE THAT SAYS. WE JUST CAN'T ALSO THAT WE HAVE TO MAINTAIN CERTAIN RACE STREET PROPERTY EXPENSES OF PROVIDING FOR UTILITY AND THERE'S ONLY X AMOUNT OF AVAILABLE FOR CAPITAL EXPANSION IF WE CAN LEVERAGE AND THAT'S GREAT. IT'S GOING TO PAY INTEREST AND PRINCIPAL RATHER PAY AS YOU GO FOR EVERYTHING IT GIVES US A MILEAGE. >> BUT IT'S STILL INCREDIBLY CONSTRUCTIVE. BASED ON NOW OF COURSE IF THE CITY DECIDES HE'S GOING TO JUST. JUST RAISES USER RATES I THINK THERE'S CONTROLS ON THAT SO YOU CAN ONLY RAISE YOUR ENTERPRISE STREETS TO THE CITIZENS SO MUCH SO IT'S EXTREMELY CONSTRAINING AND THAT'S THE POINT TRYING TO MAKE HERE IS THAT YOU CAN LOOK SOME OF THESE METRICS AND SAYING OH MY GOD, BUT IN REALITY, THIS IS. INCREDIBLY ASKED IF WE DON'T DO THEN IT WOULD BE EASIER TO SAY LET'S GO A REFERENDUM FOR A QUARTER BILLION DOLLARS FOR THIS STRUCTURE PROJECTS. IT'S A GENERAL OBLIGATION THE CITIZENS WILL SAY WE WANT TO FIX INFRASTRUCTURE WE'D ALL IF THEY SAY WE DO BASICALLY. WE CAN PLACE THE GOOD FAITH AND CREDIT OUR CITY WHICH INCLUDES TAXES ANYTHING WE WANT TO USE SERVICES WHICH INCREDIBLY ROLL. BUT CERTAINLY NARROW AND THAT'S THE POINT I I'M TRYING TO GET ACROSS IS THIS HOW WINNING. THIS. REFERENDUM WOULD TO THE ALTERNATIVES BECAUSE EXCEPT THE BASIC GIVEN THAT WE'RE GOING TO FIX INFRASTRUCTURE ONCE AND FOR ALL AND NOT KICK THE CAN SO GOING I'M CERTAIN HOW BECAUSE I KNOW MY TIME IS LIMITED AND THEN ALL YOU KNOW. AS TO THE CITY. HOW DO VIEW YOUR FIDUCIARY OBLIGATION, YOU KNOW PEOPLE SAY TO ME WELL WE'RE JUST GOING TO GET IN TROUBLE IF LET YOU GUYS SHE'S GOING TO GET THERE AND YOU KNOW ALL SAYING THERE'S A WHOLE SET RULES AND RULES WHEN IT COMES TO BORROW OUTSIDE FINANCIAL CONSULTANTS ARE ALL COUNCILS OR OUR ROME RATING AGENCIES AND THEY CAN JUST GET BURIED IN CREDIT CARD LIKE WALKING UP TO CITY. 2 DIFFERENT ANIMALS YOU COULD SPEAK TO A LITTLE BIT I THINK THEY WOULD PEOPLE REALIZE. >> HOW MUCH DIFFERENT IT IS. >> YEAH, I ALL DRESSED THE FIDUCIARY ROLE AND RESPONSIBILITY AS MORE REPUTATION MORE THAN. YOU KNOW JUST KEEPING THIS CONTRACT IN PLACE, I MEAN WE ARE AT THE WILL OF OF THE CITY AND OUR REPUTATION IS YOU OBVIOUSLY PARAMOUNT AS A CONSULTING HER. YOU KNOW THROUGH MS. R B WHICH IS UNDER THE SEC. WE'RE REGULATED IN A WAY THAT WE MUST ACT AS A FIDUCIARY WE CANNOT MAKE A RECOMMENDATION. FOR SOMETHING THAT IS NOT IN THE CITIES. FINANCIAL INTEREST. SO. WHAT WE GO THROUGH OF THE DISCUSSIONS WITH APPROPRIATENESS OF TYPE OF WHAT THE RECOMMENDED PLAN TO FINANCE IS WHAT THE STRUCTURE SHOULD LOOK LIKE ALL THOSE THINGS YOU PLAY INTO THAT DISCUSSION BECAUSE IT HAS TO MAKE SENSE AND THERE ARE ALWAYS OPTIONS, THANKS TO CONSIDER AS WE MOVE FORWARD SO THE WE USE ONE RATING AGENCY OR MULTIPLE. WHAT'S THE BENEFIT OF USING YOU KNOW, SO WE GO THROUGH ALL THAT GET THE IDEA IS THAT WE COME AND PRESENT A PLAN TO FINANCE THE WE FEEL YOU KNOW WE CAN STAND BY AND. IT HAS TO THE FACT THAT IT IS IN THE BEST INTEREST OF THE CITY FROM A FOR TEACHERS. >> AND MORE TIME IT. >> AT THE KEY HERE JUST ABOUT THERE. >> IT 10 AND HAVE SHOULD THAT YOU KNOW WHEN THEY HAD A STOP A NEXT UP IN IN THE QUEUE. >> FIRST SO THAT YOU FOR THAT AND ALSO FOR THE BENEFIT OF OUR RESIDENTS WEECHAT THE OPPORTUNITY TO MEET ONE ON ONE WITH FANTASTIC FINANCIAL TEAM HERE TO ASK A LOT OF THE DETAIL. SO JUST PEOPLE DON'T THINK THIS IS THE ONLY TIME WE'RE TALKING BUT STILL THAT I KNOW THIS STILL BE A LOT OF QUESTIONS I APPRECIATE YOU BROUGHT UP PRESENTATION THAT WE ARE THE ONLY CITY THAT DOESN'T HAVE THE BAR AND IT'S ALREADY SO WHAT GETTING FROM THAT IS THAT WE HAD A LOT OF RESOURCES AND A LOT. INFORMATION TO CALL FROM HOW OTHER. MUNICIPALITIES ARE HANDLING THIS SO IN OTHER WORDS WE DIDN'T HAVE TO INVENT THE REAL THE WHEEL. AND SAID THIS BEFORE HAVEN'T THEN HERE FOR OVER 30 YEARS, I'VE GOT A BIT WE SHOULD DO SOMETHING REALLY IT'S ONLY BECAUSE SOMEBODY DID SOMETHING WHICH IS GREAT BECAUSE THEY DO A LOT OF THE LEGWORK BUT I JUST AGAIN WANT TO. TRY TO REASSURE RESIDENTS. THIS IS OTHER PEOPLE HAVE DONE THIS. BUT MY QUESTION ALONG THOSE LINES IS DO THEY ALL HAVE DEBT MANAGEMENT POLICIES ATTACHED TO THEIR. >> IS THAT IS THAT SOMETHING THAT STANDARD IT IS VERY VERY CALM. SO. >> ISSUERS THAT NEVER COME TO MARKET, YOU KNOW ONE OF THE BOXES THAT CHECK WHEN YOU GO TO CLOSE THE DEAL IS WHETHER OR NOT YOU HAVE WRITTEN FORMAL PROCEDURES IN PLACE ARE WAY UP IN THE POLLS SO THAT'S SOMETHING THAT. OF INTEREST TO THE IRS. IT'S RIGHT CERTAINLY OF INTEREST TO INVESTORS. I THINK YOU HAVE A STOP THE BUT WE'VE HEARD IT SITS. YOU KNOW OF HIGH INTEREST TO THE PUBLIC AND THE PEOPLE THAT ARE ON THE HOOK FOR THAT. SO YES. ♪ ♪ >> OKAY BECAUSE IT DOES SET UP STANDARDS THAT THIS IS WHAT WE'RE GOING TO FALL FOR SINGLE SITUATION AND NOT JUST OKAY WE'RE GOING TO DO THIS FOR THIS ONE WE'RE GOING TO DO THAT AND THEN YOU'RE ALL OVER THE PLACE THAT THIS IS WHAT YOU'RE GOING >> SO GET IT IT'S REALLY JUST A WAY OF BENCHMARKING RECOMMENDATIONS FROM STAFF TO COMMISSION SO YOU KNOW FROM A MANAGEMENT PERSPECTIVE, IT'S GOOD TO HAVE THOSE CONTROLS IN PLACE TODAY WHEN A PLANET THAT IS PRESENT THAT CHECK THE BOX IT'S NOT MORE THAN THE USEFUL LIFE IT'S NOT VARIABLE RATE IT'S NOT INCLUDING SWAPPED DON'T NEED CREDIT. YOU KNOW IMPROVEMENT OR OR REALLY IT'S. THESE ARE ALL THE THINGS THAT WE WENT THROUGH WE CAN PROVIDE THAT ASSURANCE. THERE ARE THINGS THAT HAPPEN JUST BY WAY OF YOUR STAFF HOW THEY OPERATE, BUT THIS IS A FORMAL PROCEDURE THAT SHOWS BUT FROM THE COMMISSION. HE'S WATCHING ABLE TO SEE IT KEEPS MONITORING POSTS AND YOUR ANNUAL REVIEW. ALL RIGHT. OKAY. >> AND ALSO VICE-MAYOR BROUGHT UP IS THAT THERE'S ALREADY BUILT IN RESTRICTIONS OR CONFINEMENT AS TO WHAT WE WE CAN BORROW SUCH AS WHEN YOU GO BUY HOUSE IT'S BASED WHAT YOUR SALARY. NO THAT'S IT. THIS IS THIS IS YOUR PRICE POINT THIS WHAT YOU'RE GOING TO DO SO IT'S KIND OF BUILT-IN ARE READY WITH WHAT WE HAVE AVAILABLE. BUT LIKE. VICE MAYOR SAID WE HAVE THE ABILITY TO IT TO TAKE THAT ONE JUST LIKE A MORTGAGE YOU DON'T WANT TO JUST SAVE HIS YOU'LL NEVER GET THERE ANYWAY, BUT SAY THAT EVERYTHING AND PUT EVERYTHING ELSE ON HOLD FOR 30 YEARS AND THEN YOUR HOUSE, I YOU YOU CAN SAY OH I HAVE THIS CHILD I COULD DESIGNATE FOR THIS AND MY CAR, WHATEVER AND THAT BROADENS AND THAT'S REALLY ABILITY THAT WE'RE ASKING FOR AND YES I HEAR PEOPLE ALL THE TIME TALKING ABOUT OUR INFRASTRUCTURE NEEDS BUT THERE'S NEVER ANY TALK ABOUT HOW DO YOU INTEND ON PAYING FOR THIS THAT BECAUSE THAT THOSE BIG TICKET ITEMS OUT THERE. AND THAT THAT WAY WE CAN FINALLY START WORKING ON ON THESE THINGS AND REALLY TAKE ADVANTAGE OF WHAT'S ALREADY COMING IN IN THOSE BUCKETS AS A VICE MAYOR IF OR SO THAT MEANT AND REALLY MAXIMIZE OUR ABILITY TO ADDRESS THESE INFRASTRUCTURE NEEDS THANK YOU. ♪ PAY SHORT WITH MY TIME YOU GUYS ♪ TAKE ON QUESTION WHICH GOOD WHICH IS GOOD AS I TAKE A LOT OF NOTES. ALL RIGHT SO WE'RE BACK TO COMMISSIONER LANGDON THANK YOU MADAM MAYOR. >> IS THERE A DIFFERENCE IN THE COST OF DEBT. FROM A MUNICIPALITY WITH AN A RATING VERSUS A DOUBLE A RATING. >> YEAH GREAT QUESTION. THAT'S THAT'S WHILE WE DO IT. JUST A SO SHOW WHAT THAT SPREAD IS SO CREDIT SPREAD. IS HOW WE BENCHMARK. YOU KNOW. >> EFFECTIVENESS OF OUR STRATEGY SO OUR GOAL IS TO PRICE IS TIGHT TO THE INDEX AS WE CAN DOUBLE A TO RIGHT NOW HAS A WIDER SPREAD THAN IT 6 MONTHS AGO. SO POSSIBLY LOOKING IN. YOU KNOW, WE'LL SEE ALL THAT THAT'S WITH THE COMPETITIVE SALE ELIMINATE SOME OF THAT BECAUSE YOU ARE ALLOWING EVERYBODY TO GIVE THEIR BEST ON THAT DAY. SO THAT IS ONE OF THE REASONS WHY HEAD OF CELL WAS RECOMMENDED FOR THIS UPCOMING DEAL. BUT ABSOLUTELY A DOUBLE A YOU KNOW FROM SINGLE A COULD BE AS MUCH AS HALF A PERCENT OR MORE. OKAY GOOD. >> HAVE HAVE ANY CLIENTS OF YOUR COMPANY. >> EVER BEEN DEFAULT. >> WE HAVE A LOT OF ACROSS THE COUNTRY. CERTAINLY WE WE HAD SITUATIONS WERE THERE WAS A WORKOUT TYPICALLY THOSE ARE YOU KNOW LAND DEALS AND. THERE'S COMPONENT TO OF JUST. RESTRUCTURING BECAUSE OF CIRCUMSTANCE SO YOU KNOW IF YOU HAD A TAX INCREMENT DEAL. >> THAT YOU SET THE PACE IT. YES 2009 AND IN 2000. >> WE WERE GETTING ANY INSTRUMENT. BUT THERE'S PAYMENTS TO. >> YOU HAVE A PROBLEM. SO THAT'S A PAYMENT. TECHNICAL FAULT, A TECHNICAL LEGAL THE FALL. WHAT HAPPENED YOU HAVEN'T MET YOUR CUTS IF YOU HAVEN'T. MAJOR PROMISE TO IT FINANCIAL DISCLOSURES OUT. AUDIT IS FILE. A TIMELY MATTER IN ACCORDANCE WITH HOW. PROMISE TO GET OUT YOUR FINANCIAL DISCLOSURE. SO THERE'S DIFFERENT TYPES OF THE FALL. BUT A PAYMENT THE FALL IS IS NOT NEW. >> IT IS SOMETHING TYPICALLY IT. TRIPLE B. >> YOU KNOW TAKE CREDITS. OCTOBER. >> THAT IT'S BLOWN UP BY HER AND AND DOESN'T COLLECT REVENUE. WE'LL HAVE. SO I IT'S THE BONDHOLDERS SO. >> YOU KNOW WE WOULD WORK WITH THE TO RESTRUCTURE AND TO GET THROUGH THAT. BUT. >> BUT CERTAINLY AND SO THIS MOTIVATION ON BOTH SIDES TO RESTRUCTURE THAT DEBT. SO THAT IT CONTINUES TO GET PAID UNDER DIFFERENT TERMS. YEAH, THERE'S ALL TYPES OF YOU KNOW. >> ELEMENTS COMPLIANCE THAT THE CITY WOULD FALL UNDER YOU GET THE STATE COULD TAKE OVER THAT PROCESS AND YOU KNOW MANAGE. CITY FINANCES SO THAT WOULD YOU BASED ON WHAT I'VE HEARD TODAY EARLIER THAT WOULD TERRIBLE SOLUTION AND HOW IT NEVER GET TO THAT POINT. BUT BUT THERE ARE CERTAIN ELEMENTS THAT WOULD PROVIDE COMFORT TO THE BONDHOLDERS. >> LAST QUESTION FOR ME HAS YOUR COMPANY EVER FIRED A CLIENT. FOR REFUSING TO TAKE YOUR ADVICE. AND TAKING ACTIONS THAT WERE NOT IN THE BEST INTERESTS OF THAT COMMUNITY. >> YEAH AND YOU KNOW WE HAVE A LOT OF HAUNTS WE'RE AT WILL OF. >> JUST LIKE OUR SO CERTAINLY THERE HAS BEEN INSTANCES WERE. YOU KNOW WHERE OUR ADVICE WASN'T. >> WE HAVE A FIDUCIARY RESPONSIBILITY TO. >> PROVIDE ADVICE. THERE IS NO RESPONSIBILITY FOR SHORT TO TAKE OUR PLACE AND USE IT. YEAH I WOULDN'T NECESSARILY CALL CHOIR THE CLIENT BUT YES, SOME POINT. >> YOU KNOW THERE JUST NOT A GOOD RELATIONSHIP I THINK TO THE EXTENT THAT THERE'S A TRUST ELEMENT AS A TRUSTED ADVISER. >> THERE'S VALUE IN THAT YOU KNOW AS LONG AS THAT'S MUTUAL. I THINK YOU KNOW. AND THAT THERE ARE NEVER ISSUE. BUT I HAVEN'T PERSONALLY. BUT ACROSS THE FOR THINK THEY'RE PROBABLY ARE INSTANCES. >> OKAY, THANK YOU FOR THAT ANSWER I APPRECIATE IT. AND OK. ♪ DOW >> I'M STILL ON THE PRESENTATION I HAVE REALLY HIT QUESTIONS IN ♪ >> THE POLICY. >> IS WHY 2 SINCE CREDIT RATING IS SO IMPORTANT WHEN YOU'RE ISSUING THESE >> AND CURRENTLY WE'RE WHAT YOU SAID A DOUBLE A TO AND THE NEXT HIGHEST DOUBLE-A WON. GIVEN THE FACT THAT WE HAVE VERY LITTLE THAT WHAT IS THE AMOUNT OF OUR DEBT HAVE ON THE BOOKS THAT. >> TOTAL THAT IS 26 AND A HALF MILLION. WITH 2.6 IS YOUR ANNUAL PAYMENT. >> INSTEAD OF OPERATING. 1.4%. WITH PRICE. WITH PRICES ALMOST 4% OKAY, WELL, THEN ALL THAT. I LIKE YOUR QUESTIONS BECAUSE THAT'S EXACTLY WAS GOING SO THANK YOU CAN YOU REPEAT THAT SLOWLY. >> THEY WERE 2 AND A HALF MILLION DEBT. CURRENTLY YEAR THAT IS 26 AND A HALF MILLION SORRY, 26 AND A HALF YOUR PAYMENT IS ABOUT 2.6 MILLION. >> AND WITH PRICE BECAUSE THE 81 AND A HALF MILLION. ANNUAL DEBT SERVICE OF 8.1 MILLION. SO THE DEBT. >> A NUMBER C. >> OKAY, WE ARE UNCOVERED THAT. THANK YOU FOR THAT >> SO. WE NEED TO BE SOMETHING WE CAN PUT IN OUR DEBT MANAGEMENT POLICY THAT IF OUR CREDIT RATING DROPS BECAUSE IT IS QUICKLY AS THEY GO UP THEY CAN QUICKLY THAT IT REACHES I DON'T KNOW WHEN TO BECAUSE I HEARING TRIPLE A'S LIKE THE. >> CREAM OF THE CROP. DOUBLE A'S, HEY THAT'S REALLY GOOD. BUT IN MAY YOU'RE STARTING TO DETERIORATE IF WE WERE TO PUT IN OUR DEBT MANAGEMENT POLICY THAT IF OUR CREDIT RATING GOES TO >> THAT WE CANNOT ISSUE DEBT AGAIN. IS THAT SOMETHING THAT WE COULD CONSIDER. YOU CAN CONSIDER. >> ALL SORTS ASKING PRICE CAPS I I WOULD NOT RECOMMEND THAT BECAUSE THERE COULD BE AN INSTANCE WHERE YOU HAVE INSULATED REVENUE STREAM. THAT IS MEANT TO BE LEVERAGE MEETING THE REVENUES THERE SPECIFICALLY TO ISSUE DEBT TO THE EXTENT HAVE A PROJECT ACCELERATED AND YOU WOULD. LEBRON SET TO THE FULLEST SO LET'S SAY YOU HAD A 1.3 TIMES COVERAGE OR MINT. YOU WOULD BORROW EVERY DOLLAR COULD TO GET THE 1.3 8. THAT WAS IT'S RATED. EVEN THOUGH THE CITY'S DOUBLE-A. THE BONDHOLDERS SINCE THEY'RE INSULATED ON THAT SPECIFIC ROUTE AND IS CLUTCH WITH ONLY HAVE ACCESS TO THAT SPECIFIC REVENUE THAT WOULD BE IN A RAID. >> WHEN YOU IN THIS DOCUMENT NON GOING TO THIS DOCUMENT IT SAYS LONG-TERM FINANCING. WELL TARGET IS VERY SUBJECTIVE SO WHAT IS CONSIDERED LONG-TERM BY THE INDUSTRY OR IS DEFINABLE. COMPONENT OF THIS POLICY. >> SO IT IS THE FINAL. >> AGAIN I THINK. >> FROM A POLICY STANDPOINT. IT'S A TOUGH BALANCE BECAUSE. APARTMENT FINANCING OR LONG FINANCING FOR A ROAD IS DIFFERENT THAN THE BUILDING. SO WHEN I THINK OF THAT I THINK PERMIT FINANCE SO LONG-TERM FINANCING IS SO THE FULL USEFUL LIFE OF THE ASSET OR HOWEVER YOU'RE GOING TO DEPRECIATE THAT ASSET. >> SO IF IT'S IT'S 15 YEARS IF IT'S STORM WATER. IMPROVEMENTS. OR YEAH, SO >> THAT'S WHERE WE WORK WITH PUBLIC WORKS WE WORK WITH TAX COUNSEL TO GET WHAT THAT APPROPRIATE USEFUL LIFE IS AND THEN. >> YOU STRUCTURE A TRANSACTION THAT GOES ALL THE WAY OUT TO THE 30 YEAR FOR 25 YEARS THAT IS THE LONG-TERM FINANCING. >> SO WHAT HAPPENS IF THERE IS NO USEFUL LIFE WITH ISSUING DEBT. PERFECT EXAMPLE IS HURRICANE IAN. ITS RECOVERY. THERE IS NO AND SO HOW WOULD YOU LONG-TERM FINANCING IN THAT REPORT. >> SO THAT REGARD AND THE EXAMPLES THAT. I'M CURRENTLY WORKING ON. >> THE LONG-TERM FINANCING WOULD BE THE PORTION THAT YOU GIVE UP EVER HOPE OF FEMA REIMBURSEMENT. >> AND YOU JUST PICKS OUT DEAL TO ADVERTISE IT IN A WAY THAT YOU CAN BUDGET. YOU KNOW 100 MILLION DOLLARS IS IS WHAT YOU NEED TO GET THROUGH THE STORM DEBRIS REMOVAL. 90 OF THAT 100 YOU GET BACK. BUT YOU PAY EXTRA 10 MILLION IN INTEREST YOU HAVE A 20 MILLION DOLLAR. THAT 20 MILLION DOLLARS. IF YOU FIX OUT OVER A 15 YEAR REPAYMENT OF LONG-TERM FINANCING ELEMENT. >> SO GOING BACK TO THAT LITTLE CHART IF YOU COULD PUT OUT THAT AFFORDABILITY MEASURES INSURANCE TONIGHT BEST INTEREST OF PROVIDES CLARIFICATION THE 26 AND A HALF. THAT DOESN'T INCLUDE UTILITY DEBT. >> SO THAT'S YOU'RE BASICALLY THAT YOU'RE TRANSPORTATION BONDS. BUT THE UTILITY THAT IS. >> IN ADDITION TO THAT AND THAT'S OUTSTANDING THAT'S NOT WHAT WAS ISSUED. CORRECT. I APPRECIATE THAT CLARIFICATION. AND I KNOW I ONLY ONE MINUTE. WAS GREAT YEAR. SO THE DEBT TO TAXABLE BOW. OBVIOUSLY TAXABLE VALUE WILL GO UP WINS THINGS WON'T CONTINUE TO GROW. SO DEBT TO TAXABLE BASED ON MY CALCULATIONS THIS WOULD ONLY BE FOR GENERAL FUND BECAUSE TAXABLE VALUES ONLY GENERAL OKAY, SO GENERAL FUND DEBT USING TODAY'S STANDARD. I BELIEVE ARE TAXABLE VALUE WAS LIKE 10 BILLION DOLLARS ISH SO THAT WOULD BRING US TO ABOUT 252 MILLION DOLLARS USING THAT CALCULATION IT IN MY IS MY IN MY DOING MY MATH. >> CURRENTLY BASED THESE RATIOS YEAH. >> AND AGAIN. >> JUST LIKE THE IMPLIED THAT SERVICE. THERE'S GOING TO BE IT 2 WAYS TO LOOK AT IT BEAUTIFUL VALUE IS 13. 15 BILLION. >> TAX WILL SET IS CLOSER TO 7 AND A HALF. YOU'VE GOT A RANGE THERE SO YOUR COPS AND THEIR TOP TABLE WITH A LOOK AT THE MEDIA'S FULL VALUE. IF YOU ACTUALLY GO PULL YOUR TAXABLE ASSESSED VALUE, IT'S WHAT'S LESS. >> CITIES TAXABLE VALUE WHEN WE LOOK AT THE BUDGET IT'S ABOUT 10.1 BILLION DOLLARS. RIGHT THE TAXABLE VALUE THAT WE CHARGE OUR NO JURY ON. IS THAT THIS IS THAT CORRECT. SOMETIMES IT YES, I DON'T HAVE THE NUMBERS IN THAT SOUNDS RIGHT SO USING THAT IT WOULD GIVE US NOT 2 FOR THE GENERAL FUND 252 MILLION DOLLARS IN DEBT. NOW HOW DO WE WORK IT WHEN WE ARE TALKING ABOUT GENERAL WE'RE TALKING ABOUT DISTRICT DEBT OR SIRTEX STEPPED OR USING DEBT GAS TAXES TO PAY BACK SOMETHING. >> HOW DO WE IS. >> IS THAT IN THIS SPOT. >> THE UTILITY THAT IT'S GOING TO BE MANAGED. SO THAT'S THAT'S THE ONE 0.1. BUT ALL THE REST OF THE THAT WOULD BE GAS TAX OR TAX THAT IS ALL THIS CALCULATION WHAT CALCULATE SHOULD. AND THEN THE DEBT FOR BUILDING MEASURES. SO PEOPLE A B OR SO. YOUR TRANSPORTATION BONDS OUTSTANDING PRICE ROAD WIDENING. AND WHAT'S A DO. YOU KNOW 15 MILLION FOR. FOR ANOTHER ROAD PROJECT ALL THOSE WOULD ALL UNDER THAT OF IT BUILDING MEASURES FOR YOUR GENERAL FUNCTION. >> SO WHAT TRYING TO JUST DO THEY HAVE THEIR OWN INFANT. JUST LIKE SOLID WASTE HAS ITS 5 CERTAIN TAX HAS ITS FUND. EVERYBODY FOR CERTAIN TAX EVERYBODY KIND OF. ITS INTO IT. BUT ROAD AND DRAINAGE THAT'S THEY'RE FUN. ♪ THEY HAVE THEIR OWN OPERATING EXPENSES AND IF ♪ APPLYING THIS CORRECTLY. >> THE. >> ROAD DRAINAGE HAS 29 MILLION IN THEIR BUDGET FOR REVENUES. SO USING THIS MAYBE TAKE JEN. >> THEY WOULD ONLY BE ABLE TO ISSUE DEBT LIKE 4 MILLION DOLLARS I'M TRYING YOU. >> SO THOSE SPECIFIC FUNDS. >> LIKE THE UTILITY FENG I'M NOT TALKING UTILITY, I'M TALKING ROAD. DRAINAGE AND SOLID WASTE THOSE ARE DISTRICT UTILITIES IS A WHOLE DIFFERENT ANIMAL THAT. TAKES ANOTHER HOME WORKSHOP TO GO I'M TALKING ABOUT WHEN WE GO DEBT FOR ROAD DRAINAGE OR SOLID WASTE OR FOR FIRE. BECAUSE OF THOSE PROJECT NEEDS THAT WE MAY NEED TO USE. THOSE ASSESSMENTS. HOW DOES THAT GET APPLIED HERE. WHAT IS SO THE REVENUE COMES IN. >> SO THE GENERAL FUND DOESN'T COME TOTALS. SO IF IT'S A SEPARATE FUND AND THAT WOULD HAVE ITS OWN SEPARATE CALCULATION OK SO. >> WE WOULD HAVE TO CREATE POSSIBLY SO DON'T PER CAPITA IN THIS POLICY, THE NEXT ONE IS BE IN THE NEXT ONE IS C SO POSSIBLY WE NEED TO CREATE INDY. FOR ALL OF THE OTHER FUNDS. >> HOW DO WE IT'S SO SO THE ONLY ONE THAT YOU'RE GOING TO TO THE SIDE OR ENTERPRISE FUNDS WHICH IS OUR UTILITIES. >> ALL GOVERNMENTAL FUNDS. THESE ARE ALL THE OTHERS DISTRICT'S GENERAL FUND ALL OF THAT. ALL OF THE DEBT THEY HAVE IT'S GOING TO BE ADDED TOGETHER COMPARED TO JUST 3. THEY'RE NOT SEPARATELY CALCULATED TO SAY NOW UNDER THE LIMIT. FUNDS WHICH INCLUDES DISTRICTS ARE SUBJECT TO THESE 3 LIMITATIONS IN TOTAL. >> THE WAY IN. >> THE FIRE DEPARTMENT NEEDS TO ISSUE DEBT STAGE. THEY'RE GOING TO BE SUBJECTED TO THIS 2 AND A HALF PERCENT OR LESS OF TAXABLE ASSESSED VALUE CORRECT NOW COMBINED WITH OUTSTANDING DEBT THAT WE HAVE IN A GOVERNMENTAL FUN. >> ANYTHING THAT'S NON ENTERPRISE OUR UTILITIES. IS ALL GOING TO BE ADDED TOGETHER AND SUBJECT TO THAT 2.5. >> COMMISSIONER. STARTING TO CONNECT DOTS HERE SO THANK YOU FOR THAT, BUT HOW SO ITS TOTAL GOVERNMENTAL TO THE REVENUE OF ALL OF THOSE FUNDS. >> I JUST OPERATING JUST THE GENERAL FUND FOR THE LAST ONE YES, A LOT IT. >> SO REPEAT 2 MAY HAVE THE LAST ONE CALCULATED. >> YOU CAN LET YOU PUT SOME TOTAL ALL OF YOUR GOVERNMENTAL DEBT SERVICE PAYMENTS OF A MENTAL FUNDS. >> AND THAT THAT OF A MISSILE. >> EXCLUDING THE GENERAL FUND. >> BUT THE GENERAL FUND IS A GOVERNMENT. OKAY SO INCLUDING YEAH OKAY THAT'S WHAT I THOUGHT IT >> ALL RIGHT DOES THAT HELP THE DOES SO SO NOW LET'S PUT THIS FOR AN EXAMPLE. BECAUSE THIS IS WHERE NEEDING TO IT BECAUSE I WAS THINKING THAT IT'S LIKE. >> PER CAPITA IS GOING TO BE THE MAXIMUM FOR ALL OF THE DEBT BUT IF ITS GENERAL FUND DEBT, IT'S BASED ON THIS IS THE MAXIMUM OR THE TARGET FOR GENERAL FUND AND DAN CAME IN OPERATING REVENUE PER FIGHT SO AND I APPRECIATE THE CLARITY THAT YOU'RE GIVING ME THAT IT'S ALL INTERMINGLED AND IT'S ALL GOVERNMENTAL THAT. BUT HOW DOES THAT WORK IF YOUR TAXABLE ASSESSED VALUE. ONLY ALLOWS DEBT TO BE ISSUED UP TO ABOUT 250 MILLION DOLLARS. WE'RE 26 WE'VE GOT THE PRICE BOULEVARD COMING ON. WE'VE GOT POSSIBLY ISSUING DEBT FOR A TRANSFER STATION WE'VE GOT DEBT FOR ISSUING 4 WATER CONTROL STRUCTURE WHICH IS ALSO IN THIS TOTAL THAT. AND THEN WE'VE GOT POLICE DEPARTMENT THAT NEEDS A NEW BUILDING IN SOME POINT. >> HOW >> IS THAT CAN WORK, I MEAN IS WHAT IS THE PAYMENT OF A 250 MILLION DOLLAR DET WHAT IS THAT THE PAYMENT BUT A LOW CLOCK. >> YES >> AND HOW YOU LEAD AFTER THIS WE'RE ON THE SAME THOUGHT THAT'S WHAT I WANT FINISH IT AND APPRECIATE THE LEAD TO. >> SO POLICE HEADQUARTERS PROJECT ITSELF. MY UNDERSTANDING IS. >> THAT WOULD BE THROUGH A REFERENDUM APPROVAL FOR. >> IT HAD THAT JUST YOU TO SO THAT. THAT IT'S COVERED WITH. NOT OF WAR REVENUES. ONE FACTOR TO COLLISIONS IF IT'S DONE. >> A VOTER APPROVED REFERENDUM ON A DEDICATED. >> SOURCE AND THAT WOULD WOULD >> BECAUSE THAT WOULD BE SPECIFIC THAT WOULD BE SPECIFIC TO THE ASSESSMENT. SO BE TIED TO THE ASSESSMENT. HAS APPROVED. >> SPECIAL MILEAGE FOR THAT, BUT THAT IS TIED TO AND THAT IS SET ASIDE. >> ANY SPECIAL I'M I'M PROCESSING GUYS AND I APPRECIATE YOUR. PATIENTS. APPROVED A REFERENDUM. TO USE OR CHECKS FOR PRICE BOULEVARD. WHY WOULD THAT BE INCLUDED IN HERE THAT. >> SO JUST YES CERTAIN TAX REVENUE, SO DIFFERENCES SURTAX IT'S COMING INTO THE GENERAL THERE ISN'T. THAT IS ACTIVE ASSESSMENT. THAT'S APPROVED BY REFINED ABOUT THE SALES TAX BY I I KNOW THE TAX ITSELF TO BE LEVIED WAS APPROVED. BUT AS FAR AS HOW YOU USE THOSE FUNDS IF THEY COME IN AND THEIR USE FOR THE SURTAX PROJECTS BUT THEY'LL COME THROUGH AS A GENERAL GOVERNMENT ACCOUNT KNOW IT'S APPROVED BY THE VOTERS ARE TAX IS APPROVED BY THE VOTERS AND THEN THE VOTER-APPROVED YOU SURTAX TO PAY FOR PURSE THAT IT IS SO THE DIFFERENCE WITH POLICE HEADQUARTERS WOULD BE THAT IS A DEBT SERVICE MILEAGE. >> THAT WE ASSESS. IT'S DIFFERENT. FOR ALL RESIDENTS WOULD BE FOR THAT. SIR TAXES COUNTY WHY DON'T WE GET A CUT FROM THAT. THAT'S HOW I'M LOOKING AT. >> DEBT SERVICE MILEAGE IS SEPARATE FROM ALL THE OTHER GOVERNMENTAL REVENUES. >> I THAT PUT MY LIFE THANKS IT'S OPEN. I'M SORRY THE 2, 250 MILLION WOULD BE. ABOUT 17 MILLION. AND WAS. >> OK I >> SO. FIRST OF JUST TO KNOW THAT MOODY'S K PRICE BOULEVARD DOUBLE A 2 RATING. THOSE MAY NOT HAVE SEEN IT YET WHICH IS GREAT. THAT'S OUTSTANDING. APPRECIATING DISTRICT FUNDS DIFFERENT THAN THE N A PRICE. >> AND THE FACT THAT IN WE LAY BEING ANY BORROWING FOR DISTRICT PROJECTS. WE WOULD USE METRICS. WHY WOULD THERE WHY WOULD THERE BE ANYTHING STANDING IN THE WAY. >> US BUILDING INTO OUR DEBT MANAGEMENT POLICY. SOME FORMULAS. BUNDESBANK THAT'S MISTER MCCAIN IT WAS GOING TO SAY THAT YOU KNOW ROAD RAGE PUBLIC WORKS OFTEN WITH GROUP. YOU KNOW FIRE WITH THAT THERE WILL BE FOR YOU WITH THAT SAID. ALSO THAT ROAD DRAINAGE HAS IF THEY'RE GOING TO BE RESPONSIBLE FOR WERE STRUCTURES AND BRIDGES AND ROADS. WHY SHOULD THERE SOME. PERCENTAGE RATIO USED TO GO FALL WITHIN THAT DISTRICT BUCKET. WE MIGHT SEE NEED TO GO BEYOND THAT FOR WHATEVER REASON IF YOU WERE AN EMERGENCY IT'S SOMETHING FAIL, BUT IT WOULD GIVE US AN ADDITIONAL GO. UTILITIES UNDER ENTERPRISE WILL BE A DIFFERENT SET OF METRIC YOU KNOW BUT THAT'S WHERE FOCUS TO INVESCO WAS THAT'S WHAT WOULD DO UNDER THESE COLLEGE AND YOU'RE COMPARING INTO GENERAL REVENUES WE'RE NOT GOING OCCUR. YOU KNOW 2 TO 300 MILLION DOLLARS WORTH DEBT DOING THE PROJECTS THAT CHARTER AMENDMENT WHAT'S INTENDED TO DO THAT'S MY POINT IN THE WORST OF RULES. IF POLICE INQUIRIES WE BORROW A PHRASE WE'VE BORROWED WE BORROW IF EVERYTHING THAT POSSIBLY WE'RE GOING CITY AND THAT BUT CHARTER REFERENDUM REALLY IT'S TARGETED AND SO CREATING IN THE DOME ALL SEE SOME FORMULAS THAT WILL BE GUIDELINES FOR US. THE SO WE MAKE I MEAN YOU LOOK AT IT. JUST THAT PRETTY STABLE THERE ARE CHARGES FOR FOR UTILITIES FOR USAGE. >> THEIR STREAMS AND SHOW COMING TO GO TO WAY. TO OPERATE PUBLIC WORKS. BUT THERE'S A CHAT PROJECTS COME BEFORE COMMISSION WHAT ARE WE FOUND PAST MILLION THAT WE FOR IF THAT THEY MAY BE BUT SERVICE IS INCREMENTAL AND IF YOU CAN SERVICE THOSE PROJECTS BY SINCE INFLATION ADJUSTED FSU SO A PRICE. WE INCLUDE THE LEVERAGE THAT WE CAN'T BORROW 20 NEARLY A YEAR AFTER YEAR AFTER YEAR AFTER YEAR, BUT WE COULD FRONT LITTLE SOME OF FIRST AND IF WE TO GET THESE PROJECTS GOING PLACES COMMITTED AND BE ABLE TO REALLY BE THE BEST STORIES OF CITIZENS TAX DOLLARS WE WANT TO WHY WE CREATE SOME OF THESE FORMULAS TO GET THAT ADDITIONAL COMFORT. OUR CITIZENS FUTURE COMMISSION. YOU'RE YOU'VE YOU YOU THE WORDS TRAINS TO GO. THOSE PARAMETERS SO THEY WANT BORROW EXCESSIVELY I MAY BY MAYOR I THINK WE DISCUSSED THAT EARLIER. >> AND I SAID I HEARD THAT THE RECOMMENDATION WAS. >> SENSE THE DEPTH POLICY IS ALSO AN EXTERNAL FACING DOCUMENT THAT WE DON'T INCLUDE THOSE MEASURES IN THE DEBT POLICY BUT THAT WE MAY HAVE THOSE RATIOS INTERNALLY. TO BETTER MANAGE AT THE DISTRICT WELL THAT THAT'S WHAT I TOOK AWAY FROM THE EARLIER CONVERSATION ON MY ON POINT WITH I'M MAKING KNOW THAT THAT WAS IT I MEAN FROM. >> OUR STANDPOINT GET STANDPOINT. THAT THOSE ARE THINGS THAT CAN GO INTO THESE MAYBE YEAR THAT MATCH FOR A REPORT FROM THE DEBT FINANCE COMMITTEE ARE YOUR ANNUAL REVIEW. HIGH STACK UP INTERNALLY ON YOUR SCORECARD. EXTERNALLY THAT THAT'S JUST THE LAW. YOU KNOW OF DIFFERENT SCENARIOS THAT YOU'RE A TESTING RUN 3 TO PUT THAT INTO OVERARCHING THAT POLICY. SO THERE IS NOTHING THAT LIMIT YOU FROM WHAT YOU PUT IN THE POLICY SO OUR ANNUAL REPORTING. >> COULD VETTING THAT AT THAT LEVEL WE JUST WOULDN'T INCLUDE THOSE METRICS AND THE EXTERNAL FACING. >> ME WORK AND WOULD THAT BE A IDEA WASN'T HOWARD. >> PERSPECTIVE TO ANDRE, YOU ON THE AGENCY'S. I DON'T THINK IT'S A. >> I DIDN'T NECESSARILY I JUST THINK IT'S MORE DETAIL THAN WHAT TRADITIONALLY ARE TYPICALLY WE GO INTO THAT POLICY SO YOUR DEBT POLICY SORT OF. >> COVERS BROAD RANGE JUST LIKE UTILITIES HAS A ONE 0.1 COVERAGE INSERT ACCESS TO TOM'S COVERAGE AND. >> EACH. >> LIEN OR EACH REVENUE WOULD HAVE ITS OWN. >> CHARACTERISTICS. >> AND. >> REASONS FOR BEING PUT IN PLACE THOSE THINGS CAN BE MANAGED. >> WITH YOUR. WHEN YOU'RE DONE FOR BILLY REPORTING INTERNAL EXCEPT THAT. >> 90,000 PEOPLE SITTING OUT THERE IN OUR CITY AND 30,000 ROUGHLY OR GOING TO VOTE ON THIS THING. I WILL PERSONALLY WOULD CERTAINLY THINK THAT EVERYTHING THAT COULD BE BUILT INTO THIS THAT MANAGEMENT POLICY DESPITE THAT MAY BE. BOTH. WHAT IS STANDARD WILL BE INTO BEST INTEREST BECAUSE IT WOULD CREATE COMFORT LEVEL THAT WE CHANGE. WE HERE AND WE'RE TOLD 2 WEEKS TRAINS TO ENSURE OURSELVES. I DON'T THINK IT SHOULD PERSONALLY TO JUST DO WHAT EVERYBODY ELSE I THINK THAT YOU'RE 65 YEARS TO CONVINCE OUR CITIZENS TO FOR WE SHOULD BACKWARDS. AND GO WAR TO ASSURE THEM THAT WE PUTTING ANOTHER REAL ONLY SPARLING SO IF THE IF THE MAYORS 2 TO GO THESE DECISIONS THERE BLACK AND GOING. COMMISSIONS CAN IT THEIR IF THERE'S REPERCUSSIONS FROM THE WAITING WILL BORROWING ABILITY AND I SEE NO REASON NOT TO ABOUT THIS THAT MANAGEMENT POLICY WITH THOSE RESTRICTIONS OR THOSE GUARDRAILS IT'S NEGATIVELY IMPACT OUR ABILITY TO BORROW THAT'S WHY I FOR A MINUTE I LOOKING PERSPECTIVE WHAT WILL BE THE PROBLEM AND I DON'T SEE SENSE NEXT IN THE QUEUE THAT >> I. YOU'RE THE EXPERT. >> I'M NOT. >> BUT I THINK THE UNIQUE AND UNUSUAL REQUIREMENTS AND FOR ME IT WAS WE PUT INTO DEBT POLICY THAT IS EXTREMELY FACING CHANCES OF CREATING FEAR, UNCERTAINTY AND DOUBT THAT. >> AMONG POTENTIAL. >> PURCHASERS OF OUR LAWNS COULDN'T PRIUS. >> AGAIN WITH ALL DUE RESPECT BEEN ASKING EVERYONE, I'M ME WHAT DO YOU THINK ABOUT THIS. AND AND MY EXPERIENCE HAS BEEN AND MAYBE I'M UNIQUE BUT MY EXPERIENCE HAS BEEN. THAT THE PEOPLE I TALKED TO FALL INTO 2 CAMPS. JUAN CAMPOS YOU MEAN THE CITY CAN'T BORROW MONEY AND THEY SCRATCH THEIR HEADS. THE OTHER CAMP IS WE'RE AGAINST IT. WE DON'T CARE WHAT CONTROLS YOU PUT PLACE WE DON'T TRUST GOVERNMENT AND WE DON'T PUT THE ABILITY TO BORROW IN THE HANDS OF OUR GOVERNMENT. I DON'T NEED TOO MANY PEOPLE IN THE MIDDLE EXCEPT FOR THE FOLKS THAT HAVE BEEN COMING HERE ON A PRETTY REGULAR BASIS AND ACTUAL I >> PEOPLE WAIT A DON'T UNDERSTAND THAT A LOT I MY EXPERIENCES, I DON'T ENCOUNTER THOSE PEOPLE THERE'S A HANDFUL OF FOLKS BEEN COMING HERE EVERY TIME WE TALK ABOUT THIS TOPIC WHO ARE REALLY IN AND THE TOPIC. I PEOPLE IN THE SUB WHAT HE'S SAYING I NEVER GET PEOPLE IN THEM AT ALL AND THEY'RE ON CONTROL SUCH JUST NOT PART OF THE CONVERSATION. THEY'RE YOU KIDDING ME I DON'T CARE CONTROL YOU PUT IN PLACE SOME AGAINST SO WITHOUT THEIR HELP. >> SO ANYWAY. SHE MADE A POINT AND DON'T I DON'T WANT I DON'T MEAN A JUMP IN EXCEPT THAT YOU DIDN'T ANSWER HER QUESTION. WHICH BY PUTTING THESE ADDITIONAL MEASUREMENT TOOLS INTO A DEBT MANAGEMENT POLICY. IT'S IT'S GOING TO DO LENDERS. >> YEAH, I'M SO I'M NOT SURE HOW TO ADVISE ON THAT NOT KNOWING WHAT THE CRABBERS WOULD BE THAT WOULD BE ADDED. YOU KNOW I THINK THEY'RE GOING TO BE SPECIFIC TO. EVERY BILL GETS NEGOTIATED IN SOME FORM OR FASHION. YOU WE ARE GOING TO YOU HAVE 2 TIMES PART FUNDED THAT SEARCH FIRMS ARE SO ALL THESE CHARACTERISTICS TO GO INTO THE PLAN FINANCE THE RECOMMENDATION. ARMY TAYLOR TO THAT CREDIT FOR THAT CIRCUMSTANCE. ADDING. COMPLEX AND THE DEBT PAUL CF THINK. THERE'S MORE EXPLAINING TO DO. AND AND DEALING WITH YOU KNOW IT'S JUST MORE TO GET THROUGH I'M NOT SURE A LOT OF INVESTORS SPEND A WHOLE LOT OF TIME. OR THROUGH THAT THAT POLICY I THINK YOU KNOW IT'S IT'S GOING TO BE THAT JUST HAS TO BE SO IF YOU HAVEN'T THAT POLICY AND YOU'RE COMMITTED INCLUDING COMPLIANCE MEASURES AND ALL OF YOUR. EXTERNAL FACING DOCUMENTS THESE ARE JUST THINGS THAT ARE GOING ALWAYS BE OR IS THAT. ON EDGES AND IF THEY'RE CONSERVATIVE AND IF THERE ARE REASONABLE AND IF THEY SHOW THAT. >> YOU'RE MAKING SURE THAT THE PERCENTAGE OF DOLLARS DEDICATED TO THAT SERVICE VERSUS OLD DISTRICT REVENUES ARE NOT ACCEPT I WOULD THINK AS I WOULD ABSOLUTELY DELIGHTED TO SEE THAT AND SAY WOW THESE GUYS HAVE GONE THE EXTRA TO ASSURE THEMSELVES THAT THEY AND A PARTICULAR DISTRICT THAT THEY'RE ACTUALLY MY MANAGING THEIR AND THEY'RE BUDGETING PROCESS TO ME TO CREDIT RATHER THAN DETRACT FROM ISN'T THAT'S SUCH A NECESSARY EXPLANATION OF COURSE IT WOULD BUT YOU'VE DONE ENOUGH OF STUFF OUT THERE TO KNOW THAT THAT REALLY WHAT STUFFED LENDERS LOOK BUT IT CERTAINLY THAT OUR CITIZENS ARE GOING GOING TO LOOK YEAH AND I THINK THE RISK IS REALLY JUST A PERFORMANCE RISK. I MEAN RIGHT IF YOU'RE. >> NOW YOU'RE HAVING TO DISCLOSE THAT YOU'RE IN VIOLATION OF A POLICY METRIC. DIDN'T ANTICIPATE WHATEVER THAT FUTURE. >> NOT ONLY WOULD BE AND SO WILL BE A THING QUITE FRANKLY FROM THE STANDPOINT OF OUR CITIZENS SINCE ITS START DOLLARS WE'RE SPENDING SO YOU KNOW MAYBE IT WILL BE A GOOD IDEA WE DON'T FILE LATE THAT FORMULA AND THAT MEASURE THAT WE'VE BUILT INTO THAT THAT POLICY IT MAKES US THAT MUCH MORE CONSERVATIVE WHICH AGAIN I GO BACK TO SAYING IS THIS IS HUGE UP TO 65 YEARS. SO PEOPLE ACCEPT I I ACCEPT THE FACT THAT THE CITIZENS OF MAKE UP THERE LIKE I 70% OF CITIZENS TALKING ABOUT THINKING WE HAVE SOME INTERESTING QUESTIONS THAT WAS SHORT ON SOUTH THOUGH. 99% THE PEOPLE AT SOULS. A PRETTY WITH THIS BECAUSE THEY GOT TO BETTER UNDERSTAND HOW CONTROL PROCESS WOULD SO EVERYTHING WE CAN TO TO MAKE THIS RESTRICTED POSSIBLE AND AS MEASURABLE AS POSSIBLE. I THINK. FOR IT'S THE BETTER CHANCE WE'RE GOING TO GET THIS BECAUSE IT'S NOT FINANCIAL REPERCUSSIONS TO OUR CITIZENS GOING TO >> COMPARED TO WHAT THEY IF I AGAIN WITH ALL DUE RESPECT. I GET THE POINT. EVERYTHING'S A BALANCE AND IF WE PUT THINGS IN OUR POLICY. THAT PROHIBIT OR RESTRAINT FROM RESPONDING TO SOME EXTRAORDINARY LETS TURN ALL OF THEM IT. >> THEN. >> WHAT'S THE POINT YOU KNOW ITS WORK SO RESTRICTIVE THAT OUR POLICY. >> THAT WE ARE UNABLE TO ANTICIPATE OR RESPOND TO CHANGING MARKET CONDITIONS OUT. >> WHATEVER MIGHT WITH SORT OF WE'RE CUTTING OFF OUR NOSES TO SPITE OUR FACE AND SO WE NEED TO DO A BALANCE YOU KNOW I THINK WE HAVE PUT A LOT THINGS IN HERE. I I HEAR A REAL WILLINGNESS THAT OUR REPORTING AND INTERNAL TRACKING UP THIS THAT WE WOULD HAVE ADDITIONAL MEASURES NOW MAYBE WE NEED TO DOCUMENT THOSE OUTSIDE THIS POLICY I WOULD BE OPEN TO THAT MORE THESE ARE THE KINDS OF METRICS WE'RE GOING TO USE TO MONITOR OURSELVES AND REPORT TO THE COMMUNITY HOW WE'RE DOING. I TOOK PUTIN AND POLICY I. BECAUSE AGAIN HE HAS 2 PURPOSES POLICY SEARCHING IT FROM A YOU KNOW HAVING THE COMMUNITY EXCEPT TO POINT YOU AND THAT'S REALLY REALLY IMPORTANT. BUT AT THE SAME TIME POTENTIAL LENDERS ARE GOING TO BE LOOKING US AND AT A CERTAIN POINT HAVING. NON-STANDARD KIND ALL CRITERIA. >> QUESTIONS SAYING THAT'S THE QUESTION I ASKED HE SAYS NO. SO WE I MEAN THEY'VE BACK AND FORTH AND BACK AND FORTH I DO. >> ON I'VE BEEN KEEPING TRACK OF EVERYBODY I'M NOT I'M DONE WELL, IT'S NOT TIME WHERE THE WORKSHOP MAKING THE SAUSAGE AND THEY WAITED AND I'VE BEEN PATIENTLY WAITING TO BE CALLED GO I'M I'D LIKE TO WEIGH IN ON THIS. I REALLY BELIEVE THAT WE NEED TO PUT THIS IN THE PASS. >> THAT'S THE PURPOSE OF A POLICY. THE POLICY IS THERE SO THAT WE KEEP THOSE GUARDRAILS IN FOCUS. AND THAT'S WHAT POLICY REQUIREMENTS ARE IF YOU HAVE A SEPARATE POLICY THAT'S INTERNAL POLICY. >> WILL HIM TO THE CITIZENS OF INTERNAL POLICY THAT THEY DON'T GET WAY IN. >> THEY'RE >> I FINANCIAL ADVISOR SAID HE DOESN'T SEE ANY HARM AND HE ALSO NOT VERY MANY INVESTORS KNOW THAT THE DEBT MANAGEMENT POLICY SO WHY ARE WE GIVING IT TO I DON'T UNDERSTAND. >> IT, I'M UNDERSTANDING THAT PURPOSE MOST INVESTORS. >> DO GET THE DEBT MANAGEMENT POLICY WE WANT DEBT MANAGEMENT POLICY WAS TO GET THE CITIZENS TO APPROVE THE THEN THIS STUFF AND IT'S BEEN POLICY BUT GEARED TOWARDS THEM CITIZENS, THAT'S ♪ MY INCOME. AND WE NEED ♪ TO PUT IT IN THERE FOR EACH OF THE FUNDS. >> WHETHER IT'S A DISTRICT FORMED WEATHER. IT'S A SURTAX FUNDING WHETHER IT'S A GENERAL FUND THEY'RE ALL DIFFERENT FONTS AND THEY MIGHT NEEDING THEY HAVE DIFFERENT PURPOSES AND DIFFERENT WAYS OF COLLECTING THE REVENUE AND THEN THEY HAVE DIFFERENT WAYS OF EXPANDING FOR POSSIBLE ♪ >> SO WE NEED TO CONSENSUS. I'M SURE SOME POINT TELL STAFF WHAT TO BRING HAVE WE STILL HAVE COMMISSIONER AVERAGE WHICH I STILL LOTS OF OTHER QUESTIONS THIS ONE TOPIC RIGHT COMMISSIONER JEFF ANYTHING TO SAY ABOUT THAT I STATED YOU HAVE AN THINGS AND THIS >> OKAY, NO LONGER ON THE STREET IF ALL NOW I YOU KNOW I CONCUR COMMISSIONER, I SEE ABSOLUTELY NO HARM IN DOING THIS I DON'T THINK IT AFFECTS YOUR ABILITY TO BORROW ONE IOTA AT I THINK LENDERS WILL ACTUALLY IF THEY TOOK THE TIME LOOK AT THIS WOULD SAY TO THEMSELVES. THIS IS A GOOD THING IS TO SAY THAT'S BEING REALLY CAUTIOUS ABOUT HOW IT ALLOWS EXPERIENCE DISTRICTS TO BORROW ♪ AND I THINK IT'S A GOOD YOU KNOW IT IS >> THE >> TRUTH IS THAT EAST DISTRICT REVENUES ARE FERRY STABLE AND IF WE'RE ONLY BORROWING A PERCENTAGE OF THEM. >> I THINK THAT WE REALLY HELP RESTRICT THE AMOUNT OF DEBT THIS CITY WILL INCUR. AND WE'LL KEEP IT MANAGEABLE AND WILL STILL BE ABLE TO ACCOMPLISH THE GOAL WE'RE TRYING TO ACCOMPLISH THAT JUST EXPEDITE. OUR INFRASTRUCTURE IMPROVEMENTS OR REPLACEMENTS SO THAT THEY DON'T COST US WHAT PRICE BOARDS COST THAT'S THE WHOLE GOAL WITH THIS AND ANYTHING AND EVERYTHING WE CAN DO TO GET EVERYBODY SUPPORT FOR >> JUST FOR $0.2 YEAH, YOU KNOW THIS FOR THE DEBT MANAGEMENT POLICY, THIS IS NOT OUR BARRING AND IT'S REALLY HOW THINGS ARE GOING TO BE DONE AND WHAT'S BEEN STATED TO GIVE CONFIDENCE TO THE RESIDENTS THAT IT COVER ALL OUR BASES. AND THEN WE HAVE RESIDENTS THAT WHO WILL ACTUALLY GO THROUGH THIS AND I'LL BE VERY HAPPY AND IMPRESSED, BUT AS. COMMISSIONER LANGDON SAID WHEN I TALK TO PEOPLE IT'S EITHER ARM AND YOU'RE NOT FOR MONEY THAT'S ALL THEY'RE THEY'RE INTERESTED IN WAS GOING TO COST ME MORE COME FROM IT'S NOT COMING FROM PROPERTY TAXES. OK, YOU AND ALSO I'VE TALKED TO PEOPLE THAT ARE CONCERNED ABOUT OUR INFRASTRUCTURE PALLING AND THEY SAID YOU KNOW WHEN IT IF THERE'S ANOTHER BRIDGE AGO NOW I'M NOT GOING TO CARE WHAT YOUR POLICY IS I I'M JUST GOING TO CONCERNED THAT YOU DIDN'T DO ANYTHING TO FIX IT. SO. >> THAT'S THE BOTTOM LINES OF THIS IS NOT GOING TO CHANGE ANYTHING WITH WENDY ABILITY. I DON'T SEE ANY PROBLEM AND INSERTING IT IN THERE BECAUSE I JUST I KNEW THIS. >> IT'S DAMP HE AGAIN HAS. >> INFORMATIONAL FOR CITIZENS TO KNOW BECAUSE I'M LOOKING AT THE OBJECTIVES HERE ENSURE FISCAL SUSTAINABILITY EVALUATE DATA PORTABILITY IT'S COVERING ALL THESE BASES IN HERE SO IF SOMEBODY WANTS TO LOOK THAT THEY CAN LOOK INTO IT AND SAY WE'VE ADDRESSED THAT WE'VE COVERED IT AND IT'S IT'S IN HERE. SO THAT'S SEPARATE FROM THE IN OUR WHAT WE TALKED ABOUT YOUR RATING AND HOW WE CAN ACTUALLY QUALIFY FOR. >> FOR DEBT AND LOANS SO THAT'S MADE TO THE FINALE BUT THAT'S MY MY TAKE ON THAT COMMISSIONER MCDOWELL. >> YEAH, I JUST. THIS IS WHEN I SEE THIS LAST LINE HERE IT SAYS DEBT SERVICE PAYMENTS AS A PERCENTAGE OF OPERATING REVENUE. IS THAT YOU DEBT PAYMENT SERVICE OR IS THAT. >> FOR OF THE. DEBT. >> YES THAT THAT WOULD BE AN ANNUAL CAME OUT. >> SO WHAT IT TO HELP CRAFT CONSENSUS. IF WE WERE TO JUST SAY THAT LAST ONE AND I KNOW YOU'RE GONNA WORDSMITHS IT TO MAKE THE LEAGUE BELIEVES THAT I KNOW YOU GUYS LOVE. >> THE DEBT SERVICE ANNUAL DEBT SERVICE BECAUSE IT'S NOT CLEAR AND YOU WILL THAT SERVICE PAYMENTS. >> OF EACH OPERATING REVENUE FELL THE TARGET IS 15% WITH NO MORE THAN 20%. IT'S TAKE OUT THAT OPERATING BECAUSE OPERATING REVENUE AND. WELL NEW THAT COMES IN THEY'RE LIKE THE SAME ALL RIGHT, I MEAN ME TO YOU IN OPERATING REVENUE. IF YOU'VE GOT COMING IN IS GOING OUT. >> THERE ARE ALSO OTHER NOT OPERATE LIKE NON-OPERATING WRAPPING. >> EXAMPLE >> YEAH LIKE GRAMS OR LOSSES ♪ ON INVESTMENTS. >> OKAY SO IT'S NOT. TAX IT'S THOSE ARE OPERATING REVENUES, OKAY SO THANK YOU FOR THAT CLARITY BECAUSE I PRESIDENT WAS RIGHT THAT'S THE THING BUT BUT IF WE GET A HUGE REVENUE THAT'S A GRANT AFTER WE DID ISSUE A LET'S SAY WEDNESDAY THE STATE CHANGES THEIR MIND GIVES US 5 MILLION DOLLARS FOR THE FIRST FULL OF IT'S A GRANT NOT REPAYABLE HERE'S HERE'S SOME FREE MONEY. >> I WAS SOMETHING LIKE THAT FACTOR INTO WE DON'T WANT TO COUNT ITS ONE-TIME MONEY THAT. >> THERE'S BEEN COMMISSIONER JUST TO JUMP WEEKLY RATHER THAN TRYING TO FIGURE OUT. I WILL PLAY A GENERAL FORMULA TO THESE DISTRICTS STAFF TO COME BACK. >> I CAME TO HIM IN TO PITCH AN ABSOLUTELY MAYBE WITH MAYBE IT AS SIMPLE AS THAT SERVICE PAYMENTS. INDIVIDUAL OPERATING REVENUE BECAUSE THEN EACH FUND. >> BUT HOW DOES THAT WORK WITH CERTAIN TACTICS BECAUSE THEY ARE SO WHY TRY TO FIGURE IT OUT LET THEM BRINGING THINK YOU'RE HEARING WHAT WE'RE SAYING I'M JUST TRYING TO COME THE WAY TO DO THE CONSENSUS SO THAT IT'S CLEAR CLEARLY SPELLED OUT FOR THEM WHAT TO COME BACK TO I HAVE A QUESTION. >> I'M THINKING OF SOMETHING YOU SAID EARLIER WHICH IS. OFTENTIMES THE SPECIFIC FACTS OF A CERTAIN. >> OFFERING. >> ARE. >> INDIVIDUALLY NEGOTIATED BASED ON CONDITIONS AND THAT KIND OF THING. DO WE RUN THE PRESS. >> OF. IF WE PUT. I WANT TO CALL IT ARBITRARY CAP, BUT IF WE PUT GENERAL HAVE ROAD DRAINAGE FOR EXAMPLE. AND WE'RE TRYING TO. >> DO BOND OFFERING. AND ONE OF SPECIFIC NEGOTIATION ELEMENTS OF THAT PUTS US IN CONFLICT, BUT SORT OF THAT GENERAL SAYING IS THERE ARE HIGH RISK OF THAT HAPPENING MODERATE RISK LOW RISK. >> YEAH, I THINK THE RISK IS THERE I THINK THE IS JUST AN AMENDMENT TO POLICY AND A CHANGE OF THE GOVERNING ORDINANCE FOR THE BET SO THAT'S THAT'S WERE. WE HAD TO DO SOMETHING DIFFERENT THAT WAS THAN THE POLICY. IT WOULD JUST REQUIRE ALL STATIONS TO THE RIGHT SO IT'S THE SPECIFICITY OF THAT UNIQUE CIRCUMSTANCE AND. IT'S NOT THAT THE INVESTORS. CARE ABOUT ALL DON'T READ BECAUSE THEY DON'T CARE IT'S IT'S THAT THEY'RE GOING TO FOCUS ON THEIR THEY'RE GOING TO SAY OK COME INTO BUDGET APPROPRIATE I'VE GOT 3 TIMES ANTI POLLUTION TESTS. SECURITY AND ALL THESE FACTORS SO THAT THEIR FOCUS ON THE DEAL NOT NECESSARILY YOU WHAT'S HAPPENING HERE SO I THINK THAT'S BEST THE CITY CAN GO INTO THE POLICY. IT'S JUST TURNS INTO A LIVING BREATHING DOCUMENT THAT'S MORE THAN EVERY 5 YEARS, BUT THAT THINK IT'S SO TO THE EXTENT YOU WANT MORE. GUARDRAILS AND MORE SPECIFIC GUARDRAILS THAT'S JUST WHAT THE POLICY IS IS GOING TO HAVE AND ANY CHANGES THAT IT WOULD JUST REQUIRE J. >> SOMETIMES THAT PROCESS CAN TAKE SOME PERIOD OF TIME TO GET ON THE AGENDA CENTERED CETERA. IF IT TAKES LONGER TO GO BACK TO A POTENTIAL LENDER. IT IS THAT ISSUE DO THEY SOMETIMES HAVE WE NEED TO RESPOND YOU KNOW THERE ANY TIME FRAMES THAT MIGHT BE IN CONFLICT WEST. >> THE GOVERNMENTS YEAH, I THINK THE RISK IS MORE JUST A PASSIVE. >> THE FAULT SO ARE ARE. >> A POLICY IT INFRINGEMENT IF YOU WILL SO IF THERE'S SOME HOW COLLATION THAT. >> YOU CAN MANAGE THAT. >> IT WILL MONITORING ISSUE SO YOU HAVE A COMPLIANT ORMAN TOO MONITOR AND THAT. I THINK THAT THE INTENT WAS THAT WAS PART OF THE ANNUAL REPORT. YOU WOULD HAVE. THAT KIND OF SPECIFIC THING DONE. >> AND A PER DEAL HAVE ADDITIONAL ITEMS THAT THEY WANT US TO MONITOR. >> EVERY DOES HAVE SO SO WE'RE PROVIDING CONTINUING. COMPLIANCE REQUIREMENT. OR THIS OR THAT AND THERE'S GOING TO YOU COVERAGE TABLE THAT HAS TO BE UPDATED WITH YOUR AUDIT. IT HAS TO LOOK EXACTLY THE SAME AS WHAT WE PRESENT AN OFFERING IT'S GOING TO BE SPECIFIC TO THAT CREDIT AND TO THAT. >> SECURE PURCHASE. BUT LET ME ASK MY FELLOW COMMISSIONERS AND THAT AND THEN CERTAINLY KEEP QUIET. IF THERE ARE ADDITIONAL TRACKING MONITORING REQUIREMENTS RESULTING FROM A PARTICULAR DEAL. DO WE WANT THOSE COMING BACK TO US DEAL BY DEAL BASIS. >> THAT COULD BE PART OF APPROVAL PROCESS. >> I MEAN I BACK TO US ULTIMATELY WE HAVE TO IMPROVE YEAH, YEAH, YOU KNOW, BUT BUT SO ULTIMATELY COMES BACK TO US BUT BUT. REMEMBER ANYTHING IF YOU READ THIS CHART 42 AFFORDABILITY MEASURE SPECIFIC MEASURES WILL BE TRACKED OVER TIME AND PRESENTED THAT THAT THE VALUATION ALSO TARGETS ARE BEING MET IF WE >> SO THAT ADDITIONAL. MEASURES TRACKABLE MEASURES. WHAT'S THE PROCESS HERE GO BACK TO WHAT HE SHOWED IN EARLIER CHART. YEAR BUDGET. AND DEPARTMENTS PERCENT THEIR PROJECTS FOR CAPITAL EXPENDITURE. THERE WILL HAVE ASSESS CITY A LIST OF PROJECTS THAT ARE PROPOSED FOR BORROWING EACH DEPARTMENT HAS TO SAY TO THEMSELVES. ♪ YOU KNOW WHAT WILL AVERAGE THEY'RE GOING TO CALL FINANCE DEPARTMENT AND IN IN OUR OUTSIDE FINANCIAL ANALYSTS ARE GOING TO LOOK AT THIS AND BASED ON THE PROJECT'S CITY DEPARTMENTS ARE BRINGING FORTH. IF COLLECTIVELY HAVE COMMISSION WERE THESE PROJECTS. IT WILL BE WITHIN OUTSIDE OF THE PARAMETERS OF THESE THESE MEASURES THAT HAVE BEEN SET SO THIS IS PART PROCESS YOU CAN LOOK AT EACH INDIVIDUAL PROJECT IT'S TOTALLY ISOLATED BECAUSE YOU KNOW. THEY HOPE TO FINANCIAL PLAN FOR THE YEAR. IT'S SOMETHING COMES UP THEN DOES HAVE TO BE DEALT WITH SO I DON'T SEE THIS AS ISSUE AND IF LANDERS TURN AROUND AND SAY YOU KNOW WE WANT ADDITIONAL OUR OR WE WALK DIFFERENT RATIOS OF WHATEVER THEN SO BE IT. THAT'S GOOD THAT'S MUCH MORE CONSERVATIVE I DON'T ANY OF THIS WOULD INHIBIT OUR ABILITY TO BORROW BECAUSE THE CONSERVATIVE IT OUT AND IF PROJECTS WHEN THEY'RE THINK WE SHOULD DO THEN WE SURE SHOULDN'T THAT'S MY TAKE SO I TOOK TO MEAN IS BETTER I JUST MORE IS VERY WILL CREATE COMFORT ALL ALONG THE WAY FROM OUR LENDERS TO OUR CITIZENS. >> OKAY ARE WE GETS A COMMISSION A DOUBT BECAUSE I KNOW SHE WANTS TO MAKE AND SEND IT TO CONSENSUS THAT VERY SPECIFIC OR JUST TRY TO HELP. >> WHEN DROP SOME MAYBE A OPTIONS TALK TO US PACIFIC WITH THINK WE UNDERSTAND WHAT YOU NEED GET IF YOU WANT TO STILL DO SOMETHING. WE ARE PLANNING TO HAVE FIRST READING WENT. OCTOBER OWN AGE. SECOND OCTOBER 22ND. >> SO IF STAFF DOES NOT NEED A CONSENSUS TO. >> CAPTION. DO WE HAVE >> BUT CONSENSUS HAS TO BE UNANIMOUS GUYS REMEMBER AND I'M NOT HEARING UNANIMOUS >> NO I I IT'S UP TO TO THAT. BUT IS IT. >> WELL TO BE BOARD AGENT DISTRICTS AND STUFF WHEN SPEAK FOR MYSELF. >> SO I'VE BEEN TAKING IT ALL IN. >> AND WHERE I'M AT THIS POINT IS WE'RE GOING TO BE REVIEWING AND EVALUATING EVERY DEAL THAT COMES IN ANY WAY WITH ITS OWN UNIQUE REQUIREMENTS, SO IT REALLY DOESN'T MATTER. >> THAT REALLY DOESN'T NOW SO. >> ALL GO ALONG WITH. >> YOU KNOW ANY CONSENSUS THAT INSTRUCT STAFF TO COME BACK WITH SOME LIMITATIONS ARE GUARDRAILS ON A DISTRICT BY DISTRICT BASIS. I >> SO STEPH HERE'S HERE'S THE MAJORITY OF THE COMMISSIONERS THE COMMISSIONERS I HAVEN'T HEARD MUCH FROM COMMISSIONER MUCH WHICH IS OK AND JUST YOU KNOW I WANT TO MAKE SURE ALL OF US ARE ON BOARD WAS SOMETHING HE FOR WE DIRECT STAFF TO WASTE TIME THERE ISN'T THE MAJORITY. WELL THAT'S SO FOR THE ROAD DRAINAGE AND ALL THE OTHER DISTRICTS IN SURTAX THAT BRING BACK SOMETHING THAT CAPTURES. IN THIS AFFORDABILITY MEASURE. ♪ I HAVE OTHER QUESTIONS AT THIS WAS A GREAT CONVERSATION I THINK THIS WAS LIKE THE CRUX THIS IS LIKE THE PARKS AND THE POLICY. ABSOLUTELY. HAVE A FEW OTHER QUESTIONS ON BACK TO LIVING IF YOU LOOK AT LINE 1, 1, IS IS BACK LOADING WEEK WE'RE HERE WITH DUE WELL CERTAINLY WHAT I DID I WANT. >> TO MY SHORT CIRCUIT THIS AND GET TO START OUR THIS IS SUCH AN IMPORTANT ISSUE I DON'T CARE FOR HERE TOO. FAR AS TEMPERATURE BUT SURE DIDN'T WANT HEAR I I GOT TO GET A >> DO WE WANT TO HAVE A SHORT BREAK FOR HOUR. >> HALF COMEBACK. >> WE HAVE WITH THAT WORKS FOR ME. YEAH, OUR ONE SOMEWHERE THE LINE I HAD WEST FROM STAFF THAT WE HAVE 45 MINUTES OR BUT YES, SO ONE 15 1 WILL COME BACK ALL ACTUAL. >> FOCUS WITH JUST TRX THIS IS A NEW CLASSROOM. I LOVE THE CAMARADERIE AT TO SAY WITH ALL THE PARTICIPANTS. I THINK WE HAVE A LOT OF FUN. ♪ FIRST OF ALL EVERYONE GETS TO THE MANS THAT YEAR EXPENSE OF BEING THAT WE HAVE 5 STATIONS SO WE HAVE OVERFLOW OR MORE THAN 5 PEOPLE. >> PART OF THE PEOPLE ON THEM AND THE OTHER PEOPLE ARE DOING FOR WORK AND THEN WE'LL SWITCH SO EVERYBODY GETS AN OPPORTUNITY TO BE AN ALL STATIONS JUST COME HAVE FUN WITH IT MAKING YOUR OWN IT'S NOT SCARY. IT DOESN'T HAVE TO BE INTIMIDATING AT ALL YOU'RE USING YOUR BODY WEIGHT USING THE ANGLES THAT YOU CHOOSE TO USE ON THE MAN'S AND IT JUST VARIES WITH ♪ >> HOW YOU'RE COMFORTABLE AND HOW YOU'RE FEELING WHEN YOU'RE HERE. >> HELLO EVERYONE MY NAME IS THE VAN PULL ON THE AQUATICS MANAGER WITHIN OUR PARKS RECREATION DEPARTMENT WERE HERE TODAY AT THE NORTH PORT AQUATIC CENTER JUST TO TALK TO EVERYONE ABOUT A BLOW FOR LIFE PROGRAM WE RECOGNIZE THAT NATIONALLY UNINTENTIONAL DROWNING IS THE LEADING CAUSE OF DEATH FOR CHILDREN THAT ARE UNDER THE AGE OF SO WE HAVE AN AWESOME PROGRAM HERE CALLED FLOAT FOR LIFE. BLOW FOR LIFE IS A PROGRAM THAT WE TEACH THAT STARTS WITH THE FUNDAMENTALS OF FLOATING BEFORE WE ACTUALLY LEARNED SWIMMING. THIS PROGRAM IS TARGETED FOR THOSE CHILDREN AGES 6 MONTHS TO 4 AND WHAT WE WANT THEM TO DO IS WE WANT THEM TO GET COMFORTABLE IN THE WATER AND IF THEY ACTUALLY FALL IN THE WATER OR FIND THEMSELVES IN A TROUBLED SITUATION, THEY CAN ROLL OVER THEIR BACK AND FLOAT WHEN WE LAUNCHED THIS PROGRAM I WE'RE THE ONLY ONE IN THE STATE THAT WAS ACTUALLY TEACHING THIS MILESTONE PROGRAM SO WANT TO GIVE A SHOUT OUT TO OUR NORTH ROTARY AS WELL WHO SPONSORED THIS PROGRAM HERE AT THE AQUATIC CENTER AND ACTUALLY PAY FOR A TRAINER TO COME ALL THE WAY FROM NEBRASKA WHERE THIS PROGRAM ORIGINATES THERE WE PRACTICE AND WE GO THROUGH WHAT'S CALLED MILESTONES HERE SO AS SOON AS THE KIDS PROGRESSIVE, THE MILESTONE WE CAN CONTINUE MOVING ON THROUGH THEM AND AT THE END OF IT IT'S A PRETTY AWESOME PROGRAM WHEN THEY GRADUATE AS ONE OF THE FINAL THINGS THAT THEY DO IS THEY JUMP IN FULLY CLOTHED AND THEY HAVE TO TURN OVER ROLL OVER ON THEIR BACK AND ACTUALLY BE ABLE TO SCREAM FOR HELP AND THAT POINT IN TIME, IT'S JUST AN AWESOME SEGMENT PROGRAM THAT LEADS RIGHT INTO OUR LEARN TO SWIM PROGRAM SO THAT WAY WE CAN MAKE SURE WE'RE KEEPING OUR KIDS SAFE IN ON AND AROUND THE WATER. ♪ >> OH MY GOSH. >> ALWAYS GET VERY EXCITED WHEN ANYBODY ASKS ME ABOUT MY JOB AND WHERE I WORK AND WHAT I DO IT'S NOT A SECRET THAT I LOVE WORKING FOR THE CITY OF NORTH PORT I WORKED FOR CHARLOTTE COUNTY AND I FELT THAT I NEEDED TO DO SOMETHING DIFFERENT AND I WANTED SOMETHING MORE AND I WANT OFFER MY SKILLS TIES TO TELL MY FRIEND DON'T KNOW WHAT TO DO AND I WAS THINKING ABOUT MY NEXT STEPS AND SHE SAID DID YOU THINK ABOUT APPLYING TO JOBS. THE CITY OF NORTH PORT THEY HAVE A DIFFERENT VIBE HERE AND SHE SAID LOVE IT AND I SAID COULD THINK ABOUT THAT SO I APPLIED AND I STARTED MY FIRST POSITION IN A PLANNING AND ZONING OUR DEVELOPMENT SERVICES DEPARTMENT I'M PARTNERED WITH BUILDING DEPARTMENT BECAUSE MY MIND THE FEES ARE ASSESSED OFF OF BUILDING PERMITS AND IT'S STRICTLY FOR NEW CONSTRUCTION, NEW DEVELOPMENT. ♪ AND THE FIRST THING I DO IS TO CHECK THE SPREADSHEET TO LOOK AT THE PERMITS AND DETERMINED WHICH ONES NEED ME TO ESTIMATE THEIR IMPACT FEES AND THAT'S WHY START WITH THAT THEN I GO TO NUMBERS THAT I HAVE TO PUT TOGETHER AND I PUT TOGETHER INVOICES FOR DEVELOPERS OFTEN TIMES GET PHONE CALL TO GET VOTES BEFORE THE DEVELOPMENT COMES THROUGH AND SO DEVELOPERS WANT TO KNOW HOW MUCH THEY CAN BUDGET FOR SOMETIMES I PUT ♪ 2 PROPOSED ESTIMATE TO HELP THEM LIKE THAT. THE BULK OF IT IS IT'S MAKING SURE THAT THE FEES ARE IN THE SYSTEM FAST AS POSSIBLE I LOVE THE ESPRIT DE CORPS THAT EXPERIENCE. JUST HOW EVERYBODY TEAMWORK TOGETHER I I ENJOY KNOWING THAT I CAN MAKE A DIFFERENCE FOR THE CITY AND THAT MY POSITION CAN HAVE A POSITIVE IMPACT FOR OUR CITY. ♪ >> I'M STACEY LOSO I'M THE EMERGENCY MANAGEMENT COORDINATOR FOR THE CITY OF NORTH PORT AND WE'RE GOING TO TALK ABOUT WHY IT'S IMPORTANT TO HAVE A GO KIT AND WHAT SHOULD GO INSIDE OF IT, IT'S IMPORTANT HAVE A GO BAG BECAUSE IF YOU WAIT LAST MINUTE TO PACK THEY'RE DEFINITELY GOING TO BE ITEMS THAT YOU'RE GOING TO FORGET AND THE SCRAMBLE TO GET EVERYTHING TOGETHER SO IT'S IMPORTANT TO YOUR DOCUMENTS SUCH AS ID'S INSURANCE PAPERWORK TITLES FOR YOUR HOME AND YOUR VEHICLES AND YOUR BOATS JUST SO THAT IF YOUR HOME DOES FLOOD OR ALL THOSE DOCUMENTS ARE WITH YOU AND THEY'RE SAFE BECAUSE YOU DON'T WANT TO END UP LOSING THOSE AND HAVING TO TRY TO REPLACE THOSE LATER ON ALSO IN YOUR GO BAG THAT YOU SHOULD THINK ABOUT WHAT MEDICATIONS YOU MIGHT NEED TO HAVE AHEAD OF TIME FOR UNDER A STATE OF EMERGENCY YOU ARE ABLE TO REFILL PRESCRIPTIONS AHEAD OF TIME EVEN IF THEY'RE NOT DO YET. SO IT'S IMPORTANT TO DO THAT ALSO IN YOUR GO BAGS YOU SHOULD HAVE NON-PERISHABLE FOOD FLASHLIGHT BATTERIES, A RADIO THAT IS BATTERY POWERED AND EXTRA BATTERIES SHOULD ALL POWER GO OUT WE WILL BE ABLE TO BROADCAST ON 97.5 FM ANY EMERGENCY INFORMATION SO BE SURE TO HAVE BATTERY POWERED RADIO READY IN TUNED IN TO 97 POINT. ♪ >> BELIEVE THAT THE NATURAL RESOURCES DEPARTMENT WILL BE INTEGRAL PART FOR THE CITY'S GROWTH IS WE WANT TO ACHIEVE A MORE BALANCED APPROACH OF DEVELOPMENT IN THE FUTURE WHAT WE REALLY WANT TO DO IS SEE SENSIBLE DEVELOPMENT SUSTAINABLE DEVELOPMENT. >> AND ABOUT A MONTH THAT IN LYON WAIVES WHAT WE DO HAVE ALREADY HAVE HASTENED WE WANT TO PRESERVE AS MUCH AS WE CAN OF NATURAL RESOURCES, SO THAT IS STILL PLACE FULL ON THE OF ZAW ALL MIKE WRITING BAD SADDLE THE OF THE SPECIES THAT SURVIVED IT ALL HABITAT THAT ROLE SYSTEMS. BIG PART OF >> THE WAYS YOU CALL SYSTEMS FUNCTION AND IMPORTANT PARTS FOR OUR COMMUNITY, OUR LIST THE SPECIES THEY STABILIZE THE SOIL THEY PROVIDES SO MANY DIFFERENT BENEFITS, INCLUDING SHADE LIMITING THE HEAT ISLAND EFFECTS WITHIN OUR CITY ♪ PROVIDING HABITAT PROVIDING SHELTER FOR THE SPECIES. JUST TO ALSO FOR OUR IS THAT HE CAN JOIN MINCE WELL AS AN A LOT OF WHAT I DO IS. >> MAKING SURE THAT DEVELOPMENT CONFORMS TO THE TREE PROTECTION CODE SO ONE THING WE ALREADY HAVE IN PLACE SINCE APRIL OF 2022. IS A TREE PROTECTION CODE WHICH IS QUITE ROBUST AND THE CITY OF NORTH PORT THAT WAS ADOPTED BY COMMISSION AND THE CITY ALSO A LOT OF COMMUNITY INVOLVEMENT AND SO WE'RE VERY HAPPY TO HAVE THE TREE PROTECTION CODE SO. >> WHAT A LOT OF WHAT I DO IS MAKING SURE THAT DEVELOPMENT IN THE RESIDENTIAL OR COMMERCIAL CONFORMS TO THAT CODE WE OFF SUCH A PASSIONATE TAME WE COME FROM. >> FACT I THINK BETWEEN US WE HAVE A 100 OF EXPERIENCE AS WE ARE EVERY RIGHT WING TO GO OUT AND YOU KNOW WE KNOW HE'S CUT OUT WITH A HAPPY TO ♪ TAKE THE CHALLENGE TO DIVISION COMMUNITY INVOLVEMENT. >> AND LEADERSHIP IN THE CITY WE REALLY HAVE TO MAKE GREAT STRIDES AND PROTECTING WHAT WE HAVE HERE AND FINDING THAT BALANCE WITH DEVELOPMENT AND ENVIRONMENTAL STEWARDSHIP, I'M EXCITED TO BE A PART OF THIS TEAM REALLY. >> SEEKING AND LOOKING FORWARD TO THE OPPORTUNITIES FOR US TO BE ABLE TO MAKE A DIFFERENCE. >> STARTED CHARLOTTE COUNTY UTILITIES AS A METER READER IN 2004. SO THAT'S KIND OF WHERE I GOT MY FOOT IN THE DOOR AND WANT REACH A POINT MY LIFE OR THINGS ARE MORE STABLE AND I DECIDED TO LEAVE CHARLOTTE COUNTY UTILITIES. AND I WENT AND GOT MY INTERNS LICENSE THOSE VERY EXCITING DOING THAT FOR A SHORT PERIOD OF TIME, BUT AFTER A WHILE I STARTED THINKING ABOUT THE UTILITY. IT WAS IN MY HEART AT THIS POINT I HAD ALMOST 12 JUST 2 MONTHS, SHY OF ♪ 12 YEARS AND AND SO I REALIZED DURING THAT TIME. MY HEART WAS IN UTILITIES AND SO I STARTED LOOKING AROUND AGAIN I THINK OPENING HERE ABC IN THE SO I APPLIED AND I GOT IN TYPICALLY I GET HERE AT 7 IN THE MORNING. I GET MY LIST YOU KNOW IF I CAN GET TO THIS THIS IS WHAT I NEED TO DO AND. >> I GET IN MY TRUCK, IF I NEED ANY SUPPLIES PARTS TOOLS BASED OFF OF THE WORK I WAS GIVEN THAT MORNING, I'LL PICK THAT UP HERE AT OUR SHOP AND THEN I HEAD OUT IN THEM. MICHAEL FOR THE DAYS TO GET AS MUCH WORK AS THAT WAS ASSIGNED TO DONE AS POSSIBLE. AND SOMETIMES THAT HAPPENS OTHER TIMES THERE'S A LOT OF FIRST RESPONSE CALLS THAT COME IN MY FAVORITE PART IS THE UNIQUENESS NOT KNOWING WHAT I'M GOING TO BE FACED WITH EVERY DAY IT COULD BE DIFFERENT. IT'S NOT MUNDANE ANYWAY. >> AND IT'S EXCITING WHEN YOU GET A CALL AND YOU'RE YOU'RE ON YOUR WAY YOU DON'T KNOW WHAT IT IS AND YOU YOU HAVE THE EXPERIENCE AND THE KNOW-HOW AND THE BACKING TO FACE WHATEVER IT'S GOING TO BE SO I FEEL VERY CONFIDENT IN FACING ♪ THESE CALLS AND I THINK THAT'S FRONT PART. >> HELLO MY NAME'S A VAN FULL PRODUCT FACILITY MANAGER WITH THE CITY OF NORTH PORT AND TODAY WE'RE GOING TO BE TALKING WITH YOU GUYS ABOUT OUR FREE FROM A VALUATION IT'S IMPORTANT THAT WE DO NEED EVALUATIONS SO KIDS REGISTERING FOR SWIM PROGRAMS THEY GET PLACED IN THE RIGHT CLASS WHAT WE'RE LOOKING AT MORE DOING THAT'S SOMETHING THAT YOU ATION IS EVERY SWIM LEVEL HAS WHAT'S CALLED EXIT SKILL ASSESSMENTS. SO WHAT WE DO IS WE HAVE YOUR CHILD GET IN THE WATER AND WILL GO THROUGH A SERIES OF DIFFERENT MOVEMENTS CAN YOU GO INTO THE WATER I CAN YOU SHOW US YOUR PHONE CALL CAN YOU SHOW US BACK ALL SHOWS ELEMENTARY BACK DIFFERENT STROKES WITHIN AND WHAT WE'RE DOING IS WE'RE TRYING TO SEE. YOUR CHILD TEST TO BEFORE IT BECOMES A CHALLENGE FOR AT THAT POINT WHAT WE ASSESS THAT THAT WILL LET YOU KNOW AND YOU CAN GO AHEAD AND SIGN YOUR CHILD UP FOR THAT APPROPRIATE LEVEL THERE. IT'S IMPORTANT THAT WE HAVE THESE SO THAT WAY WHEN WE'RE TEACHING A LEVEL WE DON'T HAVE KIDS THAT SHOULD POTENTIALLY A LEVEL 2 AND LEVEL ONE CLASS BECAUSE THEY'RE NOT LEARNING THE APPROPRIATE SKILLS THAT THEY NEEDED THAT POINT IN TIME RIGHT NOW WHEN WE'RE IN FULL SUMMER WE HAVE SOME PEOPLE COME BETWEEN 8.10 DEDUCE FROM A VALUATION JUST AS YOU CAN HEAR THE WATER SPLASHING IN THE BACKGROUND SLIDE. EVERYTHING LIKE THAT, BUT ANY DAY OF THE THAT OPEN YOU CAN COME IN AT ANY POINT IN TIME ENOUGH FOR SOME EVALUATIONS WE ALWAYS HAVE A CERTIFIED SO MUCH DOCTOR ON SITE THAT HAVE YOUR CHILD TAKE A SWIM ASSESSMENT. >> FRANK THOMAS ALWAYS MANAGER I AM HERE TODAY WITH NOW REOPENED DIDDY MARIO TELL PEOPLE HERE HOW LONG YOU'VE BEEN DOING THIS JOB, I'VE BEEN HERE 5 YES 5 YEARS EXCELLENT EXCELLENT SO MARIO TELL PEOPLE WHAT IT ENTAILS WHAT YOU DO. THE PLAN IS SCHEDULED FOR SOLID WASTE THE CITY I GO OUT AND AGREE THE NEW RESIDENTS TONIGHT, EDUCATE THEM ON RECYCLE EXCELLENT SOUNDS INTERESTING VERY SO MARIO WHAT DO YOU FIND INSIDE THE RECYCLING SHOULDN'T BE THERE SO LET'S TRY TO TELL THE PEOPLE HOW TO RECYCLE ♪ MOST COMMON THING I FIND FRANCIS PLASTIC BAGS. >> SO START TO NOT RECYCLABLE I FIND JUST POSTING THE CONTAINER OR THE BAD THE RECYCLE WITH HIM AND MISSION DECIDEDLY CAN CHANGE THAT'S RIGHT INSIDE THE ♪ BLUE CONTAINERS. AND THEY SHOULD BE YOU TAKEN BACK TO THE GROCERY STORE OR TOSS IN THE TRASH EVERY YOU SEE A LOT OF RECYCLING INSIDE THE CONTAINERS OF I COME ACROSS A LOT WANT TO DO THAT SO. >> OKAY, SO IF YOU HAVE ANY QUESTIONS YOU CAN ALWAYS LOOK AT OUR WEBSITE WW DOT NORTH PORT FLORIDA DOT GOV SLASH SOLID WASTE. ♪ >> I'M STACEY LASALLE AND THE EMERGENCY MANAGEMENT COORDINATOR FOR THE CITY OF NORTH PORT AND I'M GOING TO BE TALKING ABOUT HAVING AN EVACUATION PLAN IT'S A POINT HAVE AN EVACUATION PLAN AHEAD OF TIME AND IT'S VERY IMPORTANT TO WRITE IT DOWN BECAUSE THAT WAY YOU HAVE IT SOMEWHERE PRESENT EVERYBODY IN YOUR FAMILY CAN SEE IT AND KEEP IT FRESH IN THEIR MINDS AND YOU ALSO SHARE IT WITH PEOPLE IN YOUR FAMILY OR YOUR NEIGHBORS SO THAT THEY KNOW WHAT YOUR PLANS ARE AHEAD OF TIME AND HOW TO GET A HOLD OF YOUR WAY TO LOOK FOR YOU AFTER A DISASTER FOR YOUR EVACUATION YOU SHOULD HAVE MULTIPLE ROUTES TO GET TO LOCATION. YOU'RE PLANNING TO GO TO JUST BECAUSE TRAFFIC WAS TRAFFIC ON 75 MIGHT BE GRIDLOCKED THERE COULD BE SOME VERY GOOD BACK ROADS TO GET TO WHERE YOU'RE GOING THAT COULD GET YOU THERE MORE QUICKLY WITHOUT BEING STUCK IN TRAFFIC WHEN YOU'RE MAKING EVACUATION PLAN. WE USUALLY TELL YOU 4 DIFFERENT THINGS YOU SHOULD STAY HOME IF YOU ARE NOT IN HIS OWN THAT'S BEING EVACUATED AND IF YOUR HOME IS BUILT TO WITHSTAND THE FORECASTED STORM IF YOU CAN STAY HOME. AND YOU EVACUATE YOUR NEXT OPTION SHOULD BE TO GO TO A FRIEND OUR FAMILY'S HOME THAT IS OUTSIDE OF THE EVACUATION AREA AND IT IS STRUCTURALLY SOUND TO US AND THE STORM 3RD OPTION WOULD BE GO TO A HOTEL. THEY'RE MUCH MORE COMFORTABLE THAN I'VE ACCUSATION. CENTER'S 4TH OPTION WOULD BE TO GO TO ONE OF OUR EVACUATION CENTER SARASOTA COUNTY HAS FALLEN BACK AWAY ♪ SHUNS CENTER'S. THOSE CAN BE FOUND ON THEIR WEBSITE. >> I'M STACEY LOVES OF EMERGENCY MANAGER FOR CITY WORK AND I'M GOING DISCUSS FIRST RESPONDERS AFTER STORM, SO IT MAY TAKE A WHILE FOR RESPONDERS TO GET THE STORM AND DUE TO A VARIETY OF REASONS. ONE ALL FIRST RESPONDERS OFF THE ROADS, THE TROPICAL STORM FORCE WINDS ARE FOR THEIR SAFETY THAT IS A STANDARD USUALLY COSTS AND OTHER SO WE WILL HAVE A BACKLOG OF CALLS THAT HAVE COME IN DURING THE STORM THAT WILL PRIORITIZE BASED ARE GOING TO ANOTHER RESPONDING TO AS WELL AS THE CALLS THAT ARE CURRENTLY ALSO ON THE ROADS MIGHT BE FLOODED. THERE MIGHT BE DEBRIS IN THE ROADS ARE TECHNICAL FIRST IN TEAMS WILL BE GOING OUT RIGHT AWAY TO CLEAR THE ROADS ANY HOUSERS A SKILL ♪ THAT OUR VEHICLES CAN GET THROUGH AND RESPOND THE CAUSE. JUST KEEP THAT IN MIND WHEN YOU CALL AFTER DISASTER FOR CITIZENS, WE ARE COMING. WE ARE VERY IMPORTANT AS WE CARE ABOUT OUR RESIDENT AND THAT SAFETY, BUT IT MAY ♪ JUST TAKE A WHILE FOR US TO GET TO THE PANDEMIC THAT CORRECT. >> EVERYONE MY NAME IS MARIO OF NVIDIA I AM THE PLAN OR SCHEDULE OR FOR THE CITY OF NORTH PORT SOLID WASTE A GOOD INTO THIS POSITION. FIRST I WAS RECYCLE DRIVER FOR 5 YEARS FOR THE AND THEN I BECAME THE PLAN A SCHEDULE AFTER TAKING AN INTEREST EDUCATING RESIDENTS ON HOW TO RECYCLE PROPERTY MY POSITION MY DAY-TO-DAY USUALLY I START OUT BY VISITING THE NEW RESIDENTS THAT SCHEDULE GARBAGE AND RECYCLING CONTAINERS TO BE DELIVERED AND I WILL GO SEE THEM AND EDUCATE THEM ON A SOLID WASTE GUIDELINES MORE LESS MORE FOCUSED RECYCLE PART OF AFTER THAT I WILL DRIVE AROUND THE CITY AND I ACTUALLY EXPECT RECYCLED CONTAINERS MANUALLY. ♪ FOR CONTAMINATION. AND THEN I WILL TAKE CALLS FROM DRIVERS IF THERE'S ♪ ANY ISSUES WITHOUT REPEAT. GARBAGE CYCLE AND I WILL GO EDUCATE THE WHAT I LOVE MOST ABOUT THE CITY PORT IS THERE ARE FROM ALL OVER THE WORLD. ♪ I GET TO LEARN ABOUT THE SOLID WASTE GUIDELINES WHEN THEY COME FROM AS WELL AS EDUCATE THEM ♪ ON THE CITY NORTH PORT'S ALWAYS GUIDELINES HOW TO RECYCLE PROPERLY. ♪ >> DECIDED TO BECOME A FIREFIGHTER USED TO WORK HOSPITALITY AND GROUP SALES AND I ALWAYS HAD FRIENDS THAT WORK. FIREFIGHTERS AND I DECIDED ONE DAY THAT I WANTED AND MY JOB DONE PEOPLE SO. >> I WENT AHEAD UT AND PARAMEDIC PROGRAM WITH THE FIRE AND ♪ I SAW A NORTH WE'RE HIRING. AND REALLY LIKED WHAT THEY HAD ON BETWEEN THEIR ISO RATING BELIEFS AND VALUES AND EVERYTHING 5, THEY GAVE ME AN OPPORTUNITY EVERY DAY IS DIFFERENT BUT FOR THE MOST PART NEW START OFF THE SAME. ♪ WHAT WAS GET OUR YEAR ONTO THE. BRAD US MAKE SURE EVERYTHING'S OPERATIONAL A CAR AIRBAG. ALSO CHECKED INVENTORY. MAKE SURE WE HAVE ALL OUR MEDICAL EQUIPMENT. EVERYTHING'S THAT WAY YOU CAN RESPOND TO ANY EMERGENCY SO WE'RE ALWAYS STOCKED AND READY TO I THINK THE BEST PART IS THAT EVERYONE'S PASSION ABOUT THEIR JOB. >> SO THEY COME TO WORK AND THEY'RE READY TO TRAIN AND TAKE CARE OF EACH OTHER AND TEACH EACH OTHER SO EVERYONE SHARPENED ON THEIR A GAME SO IT MAKES IT OFTEN AND I JUST LOOK FORWARD TO COME TO WORK. ♪ >> I'M STACEY LOS SALE AND THE EMERGENCY MANAGEMENT COORDINATOR FOR THE CITY OF NORTH PORT AND I'M GOING TO TELL YOU THE DIFFERENCE BETWEEN FLOOD ZONES AND EVACUATION ZONES ARE IN SARASOTA COUNTY. WE CALL THEM EVACUATION LEVELS. SO FLOOD ZONES ARE GENERATED BY FEMA AND THEY'RE USED TO DETERMINE THE LIKELIHOOD THAT YOU'LL FLOOD AND THEY'RE USED TO DETERMINE IF YOU NEED FLOOD INSURANCE IF YOU HAVE A MORTGAGE ON YOUR HOME. NOW THE EVACUATION ZONES ARE BASED ON STORM SURGE DATA THAT COMES FROM THE NATIONAL HURRICANE CENTER. AND THEY USE TOPOGRAPHY AS WELL AS HURRICANE VULNERABILITY FOR STORM SURGE FOR THE AREA AND WE USE THOSE TO DETERMINE WHO NEEDS TO EVACUATE DURING A STORM SO IT'S IMPORTANT TO UNDERSTAND THAT THERE IS A DIFFERENCE IF YOU'RE INTERESTED IN FINDING OUT WHAT EVACUATION ZONE YOU ARE AND WHICH WE HIGHLY RECOMMEND YOU DO. YOU CAN USE YOUR SEARCH ENGINE OF CHOICE. AND TYPE SARASOTA COUNTY KNOW YOUR LEVEL AND THAT WILL TAKE YOU TO THE SARASOTA COUNTY GOVERNMENT WEBSITE. >> PROMISE ALWAYS MANAGES TO THE NORTH PORT. HERE TODAY, WITH MARY OF ANY PLAYER SCHEDULE FOR THE CITY OF NORTH PORT SOLID WASTE DIVISION WE'RE GOING TO TALK ABOUT PICKUPS TODAY. I HAD A SCHEDULED VOTE PICKUPS WHAT SHOULD GO OUT AND WHAT SHOULD NOT GO OUT TO THE CURRENT WHERE TO PLACE THE ITEM TO THEM WHAT HAPPENS IF YOU HAVE MORE THAN WHAT A LOT OF CHIEF OF THE YEAR PICK UP. SO I KNOW WE CALL 9, 4, 1, 2, 4, 0, 8, 0, 50 TALK TO OUR CUSTOMER SERVICE REPS THAT'S CORRECT HOW TO PICKUP HOW ELSE CAN WE DO THAT CAN ALSO GO ON A WEBSITE NORTH PORT FL DOT GOV CLICK ON SOLID WASTE AND FILL OUT A BULK REQUEST FOR EXCELLENT EXCELLENT SCENARIO WHEN IN DOUBT. IF A PERSON WANTS TO PLAY SET OUT WHAT SHOULD TAKE PLACE OUT. WHAT'S RIGHT THING WAS THE WRONG THING BASICALLY FRANK ANYTHING THAT DOESN'T FIT IN THE CONTAINER THAT'S GARBAGE IS GOING TO GO CURBSIDE GOING TO STAY OFF DRIVEWAYS WHAT'S NOT ACCEPT THAT IS TIRES CHEMICALS. >> STUFF LIKE THAT YOU CAN PUT YARD WASTE OUT THAT'S CONSIDERED BALK BUT JUST MAKE SURE IT'S SEPARATE FROM GARBAGE PILE CONWAY SAYS A SEPARATE PICKUP, SO WHAT HAPPENS IF I USE ALL MY UP BOTH THE COUNTRY COULD QUESTION. SO YOU CAN HAVE MORE BUT HAVE TO PAY IT CAN BE 1658 CUBIC YARD AND THAT'S LINKED TIMES WITH TIME TIGHT DIVIDED BY 27 IS ONE COULD BE COUNTED ANY QUESTIONS OF COURSE LET'S NOT GIVE US A CALL 941-240-8050. >> WATER IN US WELL THAT'S KIND OF THE DITCH. MY YOUR HOUSE IS NOT FLOODING. ♪ WITHIN US AFTER STORM EVENT. >> WATER SHOULD BE IN THAT SWELL UP TO 72 HOURS AFTER ♪ >> THE STORM. THAT ALLOWS THE FILTER TO GET THE STUFF THAT CAME ROOM AND THE ROAD OUT OF THE WATER SO THAT WHEN REACHES THE ♪ HABITAT IT NO LONGER HAS THOSE CONTAMINANTS IT ALSO PROVIDES OPPORTUNITY TO SLOW DOWN WATERS SO THAT THE WATER DOESN'T GO SO FAST THAT THEIR ROADS. >> ROADWAYS ANY OTHER INFRASTRUCTURE, SO WHEN YOU SEE WATER IN ONLY YOU KNOW UP TO ♪ >> 72 HOURS SINCE THE LAST RAIN THAT IS NOT LETTING THAT IS DOING ITS JOB. >> I'M STACEY LOS YOU KNOW ON THE EMERGENCY AND BE A PART IT IS THEY ARE GOING SEE STORM SURGE FLOODING OVER NEXT OR SO STORM SURGE IS STRONG SUSTAINED WHEN ARE CONSTANTLY GOING OVER A LONG PERIOD OF TIME OVER THE GOAL IS PUSHING WATER UP ONTO WILL NOT HAPPEN. THERE'S A LOT OF FLOODING A LOT OF BEACH EROSION ALONG TEACHER AND THE HOME. HOWEVER THIS STORM CAN ALSO PUSH WATER OF THE RIVER PUSHED ON THE MYAKKA RIVER FOR INSTANCE, AGO AND THEN THE WATER COMING DOWNSTREAM FROM THE RIVER HAS ORDERED TO DO. BUT THE WATER TO BACK FLOODING THAT ALONG WITH A LOT OF RAIN THAT COMES FROM ALSO CAUSED INCREASE OF WATER FLOODING INTO THE RIVER ♪ AND INTO OUR WATER MANAGEMENT CAUSING FLOODING AS WELL. PUBLIC WORKS IS A LOT OF WORK BEFORE THE STORM TO MAKE SURE THAT OUR WATER LEVELS POSSIBLE FOR WEAKNESS WANT JUST STORM SURGE AND FLOODING IN OUR WATER SYSTEMS IF YOU WANT ADDITIONAL INFORMATION ON ♪ THAT EVERGREEN VIDEO BUT A LOT FOLKS >> REX HAS A FULL CLASS TRX CAMP IS A NEW CLASS FOR ME, ALTHOUGH I'VE BEEN USING TRS FOR MANY YEARS WITH PERSONAL TRAINING THAT I DO OR IN OTHER STYLES CLASSES THAT I'VE DONE. BUT AN ACTUAL FOCUS WITH JUST TRX THIS IS A NEW CLASSROOM. I LOVE THE CAMARADERIE TO SAY WITH ALL THE PARTICIPANTS. I THINK WE HAVE A LOT OF FUN. ♪ FIRST OF ALL EVERYONE GETS TO THE MANS THAT YEAR EXPENSE OF BEING THAT WE HAVE 5 STATIONS SO WE HAVE OVERFLOW OR MORE THAN 5 PEOPLE. PART OF THE PEOPLE ON THEM AND THE OTHER PEOPLE ARE DOING FOR WORK AND THEN WE'LL SWITCH SO EVERYBODY GETS AN OPPORTUNITY TO BE AN ALL STATIONS JUST COME HAVE FUN WITH IT MAKING YOUR OWN IT'S NOT SCARY. IT DOESN'T HAVE TO BE INTIMIDATING AT ALL YOU'RE USING YOUR BODY WEIGHT USING THE ANGLES THAT YOU CHOOSE TO USE ON THE MAN'S AND IT JUST VARIES WITH HOW YOU'RE ♪ COMFORTABLE AND HOW YOU'RE FEELING WHEN YOU'RE HERE. >> HELLO EVERYONE, MY NAME IS THE VAN PULL ON THE AQUATICS MANAGER WITHIN OUR PARKS RECREATION DEPARTMENT WERE HERE TODAY AT THE NORTH PORT AQUATIC CENTER JUST TO TALK TO EVERYONE ABOUT OUR FLOW FOR LIFE PROGRAM WE RECOGNIZE THAT NATIONALLY UNINTENTIONAL DROWNING IS THE LEADING CAUSE OF DEATH FOR CHILDREN THAT ARE UNDER THE AGE OF 4. SO WE HAVE AN AWESOME PROGRAM HERE CALLED FLOAT FOR LIFE. BLOW FOR LIFE IS A PROGRAM THAT WE TEACH THAT STARTS WITH THE FUNDAMENTALS FLOATING BEFORE WE ACTUALLY LEARNED SWIMMING. THIS PROGRAM IS TARGETED FOR THOSE CHILDREN AGES 6 MONTHS TO AND WHAT WE WANT THEM TO DO IS WE WANT THEM TO GET COMFORTABLE IN THE WATER AND IF THEY ACTUALLY FALL IN THE WATER OR FIND THEMSELVES IN A TROUBLED SITUATION, THEY CAN ROLL OVER THEIR BACK AND FLOAT WHEN WE LAUNCHED THIS PROGRAM WE WERE THE ONLY ONE IN THE STATE THAT WAS ACTUALLY TEACHING THIS MILESTONE PROGRAM SO WANT TO GIVE A SHOUT OUT TO OUR NORTH ROTARY AS WELL WHO SPONSORED THIS PROGRAM HERE AT THE AQUATIC CENTER AND ACTUALLY PAY FOR A TRAINER TO COME ALL THE WAY FROM NEBRASKA WHERE THIS PROGRAM ORIGINATES THERE WE PRACTICE AND WE GO THROUGH WHAT'S CALLED MILESTONES HERE SO AS SOON AS THE KIDS PROGRESSIVE, THE MILESTONE WE CAN CONTINUE MOVING ON THROUGH THEM AND AT THE END OF IT IT'S A PRETTY AWESOME PROGRAM WHEN THEY GRADUATE AS ONE OF THE FINAL THINGS THAT THEY DO IS THEY JUMP IN FULLY CLOTHED AND THEY HAVE TO TURN OVER ROLL OVER ON THEIR BACK AND ACTUALLY BE ABLE TO SCREAM FOR HELP AND THAT POINT IN TIME, IT'S JUST AN AWESOME SEGMENT PROGRAM THAT LEADS RIGHT INTO OUR LEARN TO SWIM PROGRAM SO THAT WAY WE CAN MAKE SURE WE'RE KEEPING OUR KIDS SAFE IN ON AND AROUND THE WATER. ♪ >> OH MY GOSH. >> ALWAYS GET VERY EXCITED WHEN ANYBODY ASKS ME ABOUT MY JOB AND WHERE I WORK AND WHAT I DO IT'S NOT A SECRET THAT I LOVE WORKING FOR THE CITY OF NORTH PORT I WORKED FOR CHARLOTTE COUNTY AND I FELT THAT I NEEDED TO DO SOMETHING DIFFERENT AND I WANTED SOMETHING MORE AND I WANT OFFER MY SKILLS TIES TO TELL MY FRIEND DON'T KNOW WHAT TO DO AND I WAS THINKING ABOUT MY NEXT STEPS AND SHE SAID DID YOU THINK ABOUT APPLYING TO JOBS. THE CITY OF NORTH PORT THEY HAVE A DIFFERENT VIBE HERE AND SHE SAID LOVE IT AND I SAID COULD THINK ABOUT THAT SO I APPLIED AND I STARTED MY FIRST POSITION IN A PLANNING AND ZONING OUR DEVELOPMENT SERVICES DEPARTMENT I'M PARTNERED WITH BUILDING DEPARTMENT BECAUSE MY MIND THE FEES ARE ASSESSED OFF OF BUILDING PERMITS AND IT'S STRICTLY FOR NEW CONSTRUCTION, ♪ NEW DEVELOPMENT. AND THE FIRST THING I DO IS TO CHECK THE SPREADSHEET TO LOOK AT THE PERMITS AND DETERMINED WHICH ONES NEED ME TO ESTIMATE THEIR IMPACT FEES AND THAT'S WHY START WITH THAT THEN I GO TO NUMBERS THAT I HAVE TO PUT TOGETHER AND I PUT TOGETHER INVOICES FOR DEVELOPERS OFTEN TIMES GET PHONE CALL TO GET VOTES BEFORE THE DEVELOPMENT COMES THROUGH AND SO DEVELOPERS WANT TO KNOW HOW MUCH THEY CAN BUDGET FOR SOMETIMES I PUT ♪ 2 PROPOSED ESTIMATE TO HELP THEM LIKE THAT. THE BULK OF IT IS IT'S MAKING SURE THAT THE FEES ARE IN THE SYSTEM FAST AS POSSIBLE I LOVE THE ESPRIT DE CORPS THAT EXPERIENCE. JUST HOW EVERYBODY TEAMWORK TOGETHER I I ENJOY KNOWING THAT I CAN MAKE A DIFFERENCE FOR THE CITY AND THAT MY POSITION CAN HAVE A POSITIVE IMPACT FOR OUR CITY. ♪ >> I'M STACEY LOSO I'M THE EMERGENCY MANAGEMENT COORDINATOR FOR THE CITY OF NORTH PORT AND WE'RE GOING TO TALK ABOUT WHY IT'S IMPORTANT TO HAVE A GO KIT AND WHAT SHOULD GO INSIDE OF IT, IT'S IMPORTANT HAVE A GO BAG BECAUSE IF YOU WAIT LAST MINUTE TO PACK THEY'RE DEFINITELY GOING TO BE ITEMS THAT YOU'RE GOING TO FORGET AND THE SCRAMBLE TO GET EVERYTHING TOGETHER SO IT'S IMPORTANT TO YOUR DOCUMENTS SUCH AS ID'S INSURANCE PAPERWORK TITLES FOR YOUR HOME AND YOUR VEHICLES AND YOUR BOATS JUST SO THAT IF YOUR HOME DOES FLOOD OR ALL THOSE DOCUMENTS ARE WITH YOU AND THEY'RE SAFE BECAUSE YOU DON'T WANT TO END UP LOSING THOSE AND HAVING TO TRY TO REPLACE THOSE LATER ON ALSO IN YOUR GO BAG THAT YOU SHOULD THINK ABOUT WHAT MEDICATIONS YOU MIGHT NEED TO HAVE AHEAD OF TIME FOR UNDER A STATE OF EMERGENCY YOU ARE ABLE TO REFILL PRESCRIPTIONS AHEAD OF TIME EVEN IF THEY'RE NOT DO YET. SO IT'S IMPORTANT TO DO THAT ALSO IN YOUR GO BAGS YOU SHOULD HAVE NON-PERISHABLE FOOD FLASHLIGHT BATTERIES, A RADIO THAT IS BATTERY POWERED AND EXTRA BATTERIES SHOULD ALL POWER GO OUT WE WILL BE ABLE TO BROADCAST ON 97.5 FM ANY EMERGENCY INFORMATION SO BE SURE TO HAVE BATTERY POWERED RADIO READY IN TUNED IN TO 97 POINT. ♪ >> BELIEVE THAT THE NATURAL RESOURCES DEPARTMENT WILL BE INTEGRAL PART FOR THE CITY'S GROWTH IS WE WANT TO ACHIEVE A MORE BALANCED APPROACH OF DEVELOPMENT IN THE FUTURE WHAT WE REALLY WANT TO DO IS SEE SENSIBLE DEVELOPMENT SUSTAINABLE DEVELOPMENT. >> AND ABOUT A MONTH THAT IN LYON WAIVES WHAT WE DO HAVE ALREADY HAVE HASTENED WE WANT TO PRESERVE AS MUCH AS WE CAN OF NATURAL RESOURCES, SO THAT IS STILL PLACE POLL ON THE OF ZAW ALL MIKE WRITING BAD SADDLED THE OF THE SPECIES THAT AND SURVIVED IT ALL HABITAT THAT ROLE SYSTEMS. BIG PART >> THE WAYS YOU CALL SYSTEMS FUNCTION, IMPORTANT PARTS FOR OUR COMMUNITY, OUR LIST THE SPECIES THEY STABILIZE THE SOIL THEY PROVIDES SO MANY DIFFERENT BENEFITS, INCLUDING SHADE LIMITING THE HEAT ISLAND EFFECTS WITHIN OUR CITY ♪ PROVIDING HABITAT PROVIDING SHELTER FOR THE SPECIES. JUST TO ALSO FOR OUR IS THAT HE CAN JOIN MINCE WELL AS AN A LOT OF WHAT I DO IS. >> MAKING SURE THAT DEVELOPMENT CONFORMS TO THE TREE PROTECTION CODE SO ONE THING WE ALREADY HAVE IN PLACE SINCE APRIL OF 2022. IS A TREE PROTECTION CODE WHICH IS QUITE ROBUST AND THE CITY OF NORTH PORT THAT WAS ADOPTED BY COMMISSION AND THE CITY ALSO A LOT OF COMMUNITY INVOLVEMENT AND SO WE'RE VERY HAPPY TO HAVE THE TREE PROTECTION CODE SO. >> WHAT A LOT OF WHAT I DO IS MAKING SURE THAT DEVELOPMENT IN THE RESIDENTIAL OR COMMERCIAL CONFORMS TO THAT CODE WE ALL SUCH A PASSIONATE TEAM WE COME FROM. >> FACT I THINK BETWEEN US WE HAVE A 100 OF EXPERIENCE AS WE ARE EVERY RIGHT WING TO GO OUT AND YOU KNOW WE KNOW HE'S CUT OUT WITH A ♪ HAPPY TO TAKE THE CHALLENGE TO DIVISION COMMUNITY INVOLVEMENT. >> AND LEADERSHIP IN THE CITY WE REALLY HAVE TO MAKE GREAT STRIDES AND PROTECTING WHAT WE HAVE HERE AND FINDING THAT BALANCE WITH DEVELOPMENT AND ENVIRONMENTAL STEWARDSHIP, I'M EXCITED TO BE A PART OF THIS TEAM REALLY. >> SEEKING AND LOOKING FORWARD TO THE OPPORTUNITIES FOR US TO BE ABLE TO MAKE A DIFFERENCE. >> STARTED CHARLOTTE COUNTY UTILITIES AS A METER READER IN 2004. SO THAT'S KIND OF WHERE I GOT MY FOOT IN THE DOOR AND WANT REACH A POINT MY LIFE FOR THINGS ARE MORE STABLE AND I DECIDED TO LEAVE CHARLOTTE COUNTY UTILITIES. AND I WENT AND GOT MY INTERNS LICENSE THOSE VERY EXCITING DOING THAT FOR A SHORT PERIOD OF TIME, BUT AFTER A WHILE I STARTED THINKING ABOUT THE UTILITY. IT WAS IN MY HEART AT THIS POINT I HAD ALMOST 12 JUST 2 MONTHS, SHY OF 12 YEARS AND AND SO I REALIZED DURING THAT TIME. MY HEART WAS IN UTILITIES AND SO I STARTED LOOKING AROUND AGAIN I THINK OPENING HERE AT ABC IN THE TECH, SO I APPLIED AND I GOT IN TYPICALLY I GET HERE AT 7 IN THE MORNING. I GET MY LIST YOU KNOW IF I CAN GET TO THIS THIS IS WHAT I NEED TO DO AND. >> I GET IN MY TRUCK, IF I NEED ANY SUPPLIES PARTS TOOLS BASED OFF OF THE WORK I WAS GIVEN THAT MORNING, I'LL PICK THAT UP HERE AT OUR SHOP AND THEN I HEAD OUT IN THEM. MICHAEL FOR THE DAYS GET AS MUCH WORK AS THAT WAS ASSIGNED TO DONE AS POSSIBLE. AND SOMETIMES THAT HAPPENED OTHER TIMES THERE'S A LOT OF FIRST RESPONSE CALLS THAT COME IN MY FAVORITE PART IS THE UNIQUENESS NOT KNOWING WHAT I'M GOING TO BE FACED WITH EVERY DAY. IT COULD BE DIFFERENT. IT'S NOT MUNDANE ANYWAY. >> AND IT'S EXCITING WHEN YOU GET A CALL AND YOU'RE YOU'RE ON YOUR WAY YOU DON'T KNOW WHAT IT IS AND YOU YOU HAVE THE EXPERIENCE AND THE KNOW-HOW AND THE BACKING TO FACE WHATEVER IT'S BEEN. >> WE ARE RECONVENING WITH OUR. WORKSHOP SO WHERE DID WE LEAVE OUT. >> YOU'RE TALKING ABOUT TRYING FENCES COMMISSIONER DON'T THINK THAT YOU HAVE OTHER QUESTIONS TO AND THEY CAN'T. ALL RIGHT IF YOU LOOK AT LINE ONE OH ONE. IT'S CALLED NUMBER 3 BACK CLOTHING OR BACK AND LOADING GOT GOT. >> AND IT SAYS THAT THE CITY WILL SEEK TO STRUCTURE THE DEBT WITH A LEVEL PRINCIPAL AND INTEREST COSTS OVER THE LIFE OF THE DEBT BACK LOADING OF COSTS WILL BE CONSIDERED AND THEN THERE'S LIKE 4 DIFFERENT CONSIDERATIONS. >> I'M WONDERING. HELP ME UNDERSTAND. THAT CLOTHING AND HOW IT WOULD FIT IN WITH LIKE BC AND D I COMPLETELY UNDERSTAND HOW BACK LOOTING WOULD WORK FOR EMERGENCIES BECAUSE YOU'RE TRYING TO GET FEMA GOT TO RECOVER AND YOU'RE WAITING FOR FEMA MONEY AND YOU WANT TO MAKE THOSE DEBT PAYMENTS TOWARDS THE END WHICH I BUT WHAT ABOUT BC AND D WHY IS THAT NECESSARY. >> SO IT MAY NOT BE NECESSARY, BUT THERE COULD BE A SITUATION WITH THE CITY WOULD WANT TO WRAP AROUND OUTSTANDING DEBT. SHE OPTIMIZE THE ACTUAL PAVEMENT AND GET SO LET'S SAY. YOU HAD TO LEAVE THAT FOR. >> THE 10 YEAR LEASE DON'T UTILITY DEBT THAT LET'S SAY YOU'VE GOT SURTAX THAT FOR PRICE WINDING. THE MARKET WAS REALLY GOOD INSIDE 10 YEARS, BUT AFTER 10 YEARS. IT JUST WASN'T A GOOD MARKET TO SELL INTO. YOU CAN BREAK IT UP INTO 2 PIECES SELL A 10 YEAR DEAL. AND THEN COME AROUND AND IT WAS DIFFERENT. YOU KNOW FINANCING 6 MONTHS LATER AND YOU HAVE WRAPPED THAT AROUND THE 10 YEAR TO GET THE FULL AMORTIZATION TERM. SO THERE'S STRUCTURING REASONS WHY WANT TO HAVE THAT FLEXIBILITY BUT IT WOULD NOT BE SOMETHING THAT WE WOULD TYPICALLY SEE SO. OUR STRUCTURES LEVEL PRINCIPAL AND INTEREST. YOU CAN'T SO. WOULDN'T YOU. >> COULD YOU TAKE OUT BC INDIAN JUST KEEP IT THAT BACK LOADING WOULD BE FOR EMERGENCIES FOR THOSE SITUATIONS WITH THE MASK. I MEAN IF YOU DON'T SEE VERY OFTEN. >> WE SHOULD ALL ENOUGH FOR IT YOU MIGHT NOT WANT TO. HAVE TO CHANGE POLICY BUT AGAIN. IF THIS IS REALLY YOUR SO WE WOULD LIKE TO HAVE SOME ABILITY IF IT MADE SENSE FOR THAT KIND OF A SITUATION WE HAD A BIFURCATED ISSUANCE AN AGGREGATE SIZE IT. WHICH THE SECOND COMPONENT IN THAT SCENARIO WOULD BE BACK A LITTLE BIT. >> THE BACK LOADING BE PART OF THE BOND ISSUING DOCUMENTS WHEN THEY COME TO COMMISSION WOULD BE SPELLED OUT THAT THIS IS BEING BACK LOADED. >> NOT SPECIFICALLY YOU WOULD HAVE PARAMETERS AND. THE RESOLUTION THAT THEY TAKE THE FINAL MATURITY BUT TYPICALLY YOU DON'T HAVE THAT KIND OF. STRUCTURE AND THE AUTHORIZING DOT >> SO IF WE HAVE A WHOLE SECTION IN HERE ABOUT LOADING. WHY DON'T WE HAVE A WHOLE SECTION HERE ON FRONT WILL >> LOVE IT THAT REALLY SOMETHING THE. WOULD BE ARREST. IF YOU CAN AFFORD IT. AND THAT. >> MEACHER. POLICY TARGETS. I'M NOT SURE. >> WHAT VALUE THEY WOULD HAVING RESTRICTION. >> NEXT INTEREST DEBT AND VARIABLE INTEREST DEBT. >> FIXED INTEREST. AS A CONSERVATIVE GUESS I AM FULLY ON BOARD WITH FIXED INTEREST BECAUSE YOU KNOW WHAT I'M WE'RE GOING TO BE THE MARKET FLUCTUATIONS YOUR PAYMENT STAY THE SAME. AND THAT THIS IS THE CITY'S PRIMARY LOAN TYPE. AND WILL BE ISSUED TO MITIGATE THOSE INTEREST RATE RISKS. SO WHY WOULD THE CITY ISSUE DEBT AT VARIABLE INTEREST RATE. SO COMMON. TOOL. ASSET LIABILITY MATCHING. IT'S >> ON THE CITY HAS TREMENDOUS BALANCE THAT'S EXPOSED TO MARKET RATES. >> AND MANAGING PORTFOLIO AND A MATTER THAT. IS OFFSET BY EARNINGS ANOTHER FUND COULD BE A STRATEGY THAT YOU CHOOSE AS POLICY MEASURE TO EXPOSE YOURSELF TO. IT ALSO COULD BE USED DURING THE CONSTRUCTION PERIOD FOR DO A LOT OF CREDIT REDO. A VERY BRIGHT BANK LOAN BEFORE YOU DO A PERMANENT FINANCING AT THE END THE PROJECT COMPLETION. THOSE WOULD BE INSTANCES IT MAKES SENSE. >> BUT A VARIABLE RATE MAKES SENSE FOR THE LIFE OF THE FOR THE WHEN IT'S LONG TERM. YOU KNOW THE MARKETS COULD BE VOLATILE NOW BUT GET EVEN MORE YOU KNOW 1015 YEARS FROM NOW. >> IT'S NOT SOMETHING WE WOULD RECOMMEND NECESSARILY FOR SPECIFIC CIRCUMSTANCE, BUT. IS THERE OPPORTUNITIES T ISSUE VARIABLE RATE THAT FOR. FOR SOME SPECIFIC PURPOSE, ABSOLUTELY A LOT OF CREDIT. >> WOULD BE. >> A VARIABLE RATE THAT'S AROUND. >> THE IT SAYS HERE TIME WILL THE CITY HAVE A VARIABLE EXCESS OF 20% OF THE CITY'S DEBT PORTFOLIO SO CURRENTLY OUR DEBT PORTFOLIO IS 26.5 MILLION DOLLARS. >> SO 20% OF THAT. >> WOULD BE. >> FOREMAN 5 MILLION DOLLARS. OR LOW AND THAT'S BEFORE PRICE BOULEVARD. >> WITH PRICE BOULEVARD TO BE ABOUT 15 OR 16 MILLION. SO PRICE BOULEVARD IS WHAT 20% BLOW FOR MAX. >> YOU KNOW BE WOULD SEE IF WE DID MEDIUM-TERM NOTES AND YOU KNOW HIS PATIENT NOTES AND GREAT THAT UP TO 50% WOULD BE UNCOMMON. 20% WAS ON THE LOWER RANGE OF WHAT EXPOSURE MAY IT. >> SO WHEN I WAS REVIEWING THE PRICE BOULEVARD DOCUMENTS THAT ARE TOMORROW. IT'S NO EXPERT THIS IS KIND OF ONE OF THE QUESTIONS BUT SINCE YOU'RE HERE. APPEARS IT'S ALL VARIABLE THAT. >> SO THERE'S LANGUAGE IN THE DOCUMENT BREAK THAT IF ISSUED IN THE FUTURE HOW THAT'S CALCULATED TO PROTECT THE THE BONDHOLDERS THIS IS GOING TO BE A FIXED RATE ISSUANCE IT WILL BE A SERIALIZED STRAIGHT. >> EACH >> YEAR WILL HAVE A BOMB SPECIFIC WITH THE COUPON AND THE INTEREST RATE TO THE CUT-PRICE TO. >> MORE ON THAT TOMORROW, SO I CAN GET A BETTER UNDERSTANDING. >> WHEN YOU'RE TALKING ABOUT REVENUE DEADLINE, ONE 64. YOU KNOW JUST. >> YOU COUPLE MINUTES LEFT. IT SAYS THE USE OF GENERAL FUND TO SUPPORT THE TRANSITION TO FULLY FOR FULLY STRUCTURE. HOW LONG I WHY WHY WOULD DO THAT BECAUSE IF YOU'RE USING IN PLEDGING REVENUE. WHY WOULD WE USE GENERAL FUND FOR THAT. >> SO JOE PHONE SUPPORT COULD BE SIMPLY A PROMISE TO PAY FROM WELL NOT THAT REVENUES. AND THAT WOULD BE USED TO PROVIDE CREDIT REPORT. MEANING IF. THE COVERAGE WAS LOW AND THERE WAS DECLINING. REVENUE SCENARIO. COMING THE BUDGET APPROPRIATES FOR EXAMPLE IS A PROMISE TO PAY AVAILABLE ON OR REVENUES THAT WOULD BE THERE AS A BACKSTOP SO A SECONDARY PLEDGE. >> ALONG WITH THAT TRANSITION PERIOD HOW LONG IS THAT TRANSITION PERIOD GENERALLY. >> TYPICALLY IT'S NOT HIT SO IT'S REALLY A CREDIT ENHANCEMENT. IT'S NO SO IT WOULD BE. THERE IF NEEDED THAT BUDGET YEARS. BUT TYPICALLY YOU WOULD NOT STRUCTURE A DEAL THAT RELIED ON THAT >> THIS IS WHERE. I CAN ENSURE FUND. >> THE >> IT'S REALLY JUST TO ENHANCE THE CREDIT QUALITY. >> OF THE LOAN. >> SO IF YOU HAD GAS TAX REVENUES FOR EXAMPLE THAT ARE PLEDGED. THE GAS TAX REVENUES, YOU MAY TO USE UP TO 1.3 TIMES COVERAGE REQUIREMENT FOR THAT DEAL. THANK MAY ASK FOR A BACKSTOP COME AT THE BUDGET APPROPRIATE BECAUSE TAX REVENUES ARE ON THE CLOCK. WITH ALL THE EAST COMING UP >> SO ALREADY MENTIONED THAT BUDGET A COUPLE OF TIMES, YES. THAT'S GOOD. SO YOU KNOW I THINK. THE FACT THAT IT'S THERE. >> IN THE EVENT THAT THERE'S A REDUCTION OF SAY 25% AND GAS TAX REVENUES. PROVIDES COMFORT TO THE BANK AND THE INSTITUTION ARE THE CITY MONEY BUT THE PRACTICALITY OF SEEING A 25% DROP IS UNLIKELY. SO COULD USE IT A BACKSTOP WITHOUT NECESSARILY RELY NOT TO MAKE DEBT SERVICE PAYMENTS. >> YOU DECIDE YOU KNOW MY TIME'S UP SO IF SOMEBODY ELSE HAS ANY AND YOU A SPICE MAYOR OKAY TO HAVE IT JUST A QUICK QUESTION WE HAVEN'T REALLY TALKED ME. EVERY WALL ABOUT THE. MANAGEMENT ADVISORY BOARD. THAT WAS SOMETHING THAT YOU KNOW REALLY IMPORTANT TO ME. WE REASONABLE HOW WE ENVISION THE PROCESS OF SELECTING. OUTSIDE MEMBERS SO SPROUTING MEMBERS. WHAT DAY. WITH PUBLICATION TO BE REVIEW. TRUMP FROM THE CREDENTIAL STANDPOINT YOU AND YOUR ORGANIZATION PER SE BEFORE THEY FOUND THEIR WAY TO ALSO BY FINANCIAL DEPARTMENT WE WANT PEOPLE TO SEE HAVE DEGREE OF COMFORT THAT THESE ARE NOT JUST HIM PEOPLE BY COMMISSION THAT THEY HAVE CREDENTIALS FINANCIAL POTENTIALS. AND BACKGROUND THAT LENDS ITSELF, YOU KNOW TO BEING ABLE TO UNDERSTAND SOME OF THIS STUFF SO THEY CAN MAKE A CONTRIBUTION. >> THIS SOLID THAN 5 PEOPLE THAT ALSO THE MATTER AFTER REVIEW THAT THAT POLICY FROM FROM HEAD TO TOE. YEAH YOU WOULD SEE APPLICATIONS LIKE AT COMMITTEE. AND THAT'S GOOD SELECTION PROCESS THAT'S NOT SOMETHING THAT WE WOULD MANAGE. THAT SOMETHING STAFF GOOD MATCHES BRISTOL. >> I JUST WANT TO ADD TO SO WE ARE WORKING ON A DRAFT ORDINANCE TO BRING BACK HOW OF IT A COMMITTEE WOULD LOOK LIKE. SO FAR WE DO HAVE I THINK WE KNOWLEDGE REQUIREMENTS THAT PERSON. THE CHOIR ARTIST. >> NOTES. WOULDN'T. WOULD NOT THE PROCESS. DISPLAY WELL IN LIGHT FOR. GUIDELINES. FORMULAS. WE SET UP. PROCESS YOU'VE HIGHLIGHTED ARE YOU WENT THROUGH A LITTLE BIT YOUR ABOUT HOW ALL COMES TO PASS AS PART OF OUR BUDGETING FINANCIAL PROCESS EACH YEAR. IT LET ME SAY IT JUST FIRTS TIME SAKE AND THEN YOU CORRECT ME IF I'M OFF BASICALLY WHERE YOU KNOW AS AS EACH DEPARTMENT BUDGETS, ANNUALLY AND THEY COME UP WITH CAPITAL PROJECTS AND THEN THOSE THAT THEY FEEL LENDING WOULD YOU KNOW WHAT BORROWING WOULD BE NECESSARY THERE ARE A LITTLE BIT OF THESE PROJECTS I ASSUME THEY'RE GOING TO LOOK AT THESE RATIOS TO TO MAKE SURE THAT ARE NOT ASKING TO BORROW MORE MONEY THAT WILL PUT FELL A PENNY OF THE GUARDRAILS. FOR DOUBLE MANY THAT WE SET UP OR OR FORMULAS AND THEN THEY WILL START TO FIND THEIR WAY THROUGH BUDGET PROCESS ABOUT TIME THEY CAME TO COMMISSION. YOU KNOW WE WOULD FIND PROBABLY WELL COMPLIANCE AND THAT THEY WOULD TRY TO ANY MORE THAN THEY COULD CHEW WHERE THEY HAVE THE AVAILABILITY TO SERVICE SO BEFORE ANY PROJECTS GOT APPROVED BY AND THEN FOUND A WAY OUT INTO THE MARKETPLACE FOR MARKETING. WE WANT TO RUN INTO THE PROBLEM. A LENDER SAYING GEE YOU'RE AT PLACE AROUND FORMULA WITH SOMETHING IN NEW DEBT MANAGEMENT POLICY BECAUSE IT WOULD NEVER GET THERE. FOLLOW THE LAW WANT PEOPLE UNDERSTAND WHAT A PROCESS THERE IS ALL THIS THAT IT'S NOT SOMEBODY HEY LET'S GO SPEND 20 MILLION DOLLARS ON THIS PROJECT NEXT TO YOU KNOW BEFORE COMMISSIONER PROVING THAT PEOPLE ARE OUT THERE TRYING TO RAISE MONEY AND INCURRED THAT. >> WHAT QUESTION BUT BOTH MAYOR I GUESS THE RISK YOU KNOW CAPTURES YOUR QUESTION. >> YOU KNOW, BUT BUT I THINK THE WAY. >> IT WAS STRUCTURED AT LEAST IN THEIR PRESENTATION HOW WE TALKED ABOUT IT IS THAT. >> COMMITTEE WOULD BE. YOU KNOW HAVING SOME REPORTING. >> ASK. >> ON AN ANNUAL BASIS AND THEN APPROACHED BY STAFF. IF AND WHEN THERE IS A NEED LEAST MY INTERPRETATION THE COMMITTEE WAS NOT TO GENERATE. GOOD DEALS PROJECTS. IT WAS REALLY TOO OPERATE AS A. INTERMEDIARY BETWEEN STAFF, YOUR ADVISORY TEAM. >> AND THE COMMISSION RIGHT BUT WHAT WHAT I WAS TRYING TO POINT OUT IN THE POINT I WAS TRYING TO MAKE THIS WHOLE PROCESS BEGINS WAY THAT WITH WITH THE CITY'S PUTTING TOGETHER THEIR BUDGETING NEEDS AND PROCESSES AND HERE'S WHAT WE NEED HERE IS WHAT WE CAN PAY FOR OUT OF POCKET, HERE'S WHAT OPERATING EXPENSE SORRY, HERE'S WHAT WE THINK WE NEED TO BORROW FOR IT'S ALL PART OF PROCESS THAT WORKS ITS WAY THROUGH THE WE GOT TO THE POINT WHERE COMMISSIONERS ARE REVIEWING THESE THINGS AND APPROVING SO IT'S NOT KIND OF THING IT'S IT'S A WHOLE PROCESS THAT SHOULD GIVE PEOPLE COMFORT JUST SLOWLY THE I MEAN YOU KNOW. I MEAN MY RAIN THERE'S. >> YEAH I THINK IF YOU. >> ELIMINATE THE RISK OF A MARKET IMPACT. THAT REQUIRES SOMETHING RIGHT IT'S A DEVIATION FROM THE POLICY YOU'RE ABSOLUTELY RIGHT. ALL THINGS ARE EQUAL TODAY'S MARKET IN OUR CURRENT RECOMMENDATION OF THE BILL. TO BE ISSUED. ABSOLUTELY CORRECT. WELL THERE'S A 9.11 GREAT RECESSION. WHEN THAT WHEN THERE'S A STORM WHEN THERE'S AN IMPACT THAT IS MITT BUDGET WELL THAT'S WHEN YOU RE COULD CONVENE THE COMMITTEES AND YOU GO THROUGH THAT PROCESS OF. HAVE STEP ARE SENT TO THE COMMITTEE. BEFORE IT COMES BACK TO COMMISSIONER BEFORE IT COMES TO THE COMMISSION. OK. COMMISSIONER MCDOWELL. >> THANK YOU FOR BRINGING >> THIS IS ONE >> OF HAVING THE COMMITTEE. BECAUSE YOU'VE GOT. MAJORITY OF THE COMMITTEE. IT'S ALREADY CITY STAFF CITY STAFF IS PRESENTING IT TO THE COMMITTEE CITY STAFF IS HELPING THE COMMITTEE UNDERSTAND THE NEEDS. >> SO THE COMMUNITY IS JUST BASICALLY THERE. TO GIVE THE RECOMMENDATION TO THE COMMISSION. WHITE IS AND STAFF JUST. >> BRINGING TO US AT. >> I'M I'M TRYING TO UNDERSTAND THE PURPOSE OF THIS MIDDLE MAN, ESPECIALLY WHEN THEY'RE NOT CITIZENS THERE. THEY CAN BE CITIZENS OF DON'T GET ME WRONG. BUT IT'S NOT A CONGLOMERATE OF EVERYDAY CITIZENS TO HELP WITH THIS RECOMMENDATION THESE ARE HIGH LEVEL. EXECUTIVES PROBABLY OR HAVE A UNDERSTANDING OF ALL OF THIS PROCESS. SO IT'S KIND OF LIKE YOU ALL ARE. OKAY AND YOU ALL ON THE SAME PAGE IN IN YOUR ALTERNATE JUST APPROVED AND MAKE THAT RECOMMENDATION TO COMMISSIONS ON THAT REALLY SEEN THE VALUE OF HAVING ALL THESE LIKE-MINDED PEOPLE IN THE SAME ROOM TO GIVE THE COMMISSION RECOMMENDATION. >> YES, MEAN AS FAR AS WHAT THE CRITERIA IS FOR SELECTING WHO'S ON THAT COMMITTEE. YOU KNOW I I THINK YOU'VE GOT. THE POINT THAT YOU WOULD WANT SOME DIVERSITY OF THOUGHT AND YOU WANT REPRESENTATION OF THE COMMUNITY. >> 2. >> THE FREIGHT, SOME OF THE CONCERNS ABOUT THE COMMISSION GOING ROGUE NOT TAKING PUBLIC INPUT. SO I THINK THAT. ANSWER QUESTIONS YOU DON'T HAVE TO HAVE A COMMITTEE. OKAY AND THE BENEFIT IS REALLY A COMBINATION OF OPTICS AND CONTROLS SO. WHILE THE OPTICS OF TRANSPARENCY AND PARTICIPATION FROM THE COMMUNITY AND MEMBERS OF THE COMMUNITY. YEAH THAT WAS SOMETHING THAT. WAS BROUGHT UP AS IDEA DRAFT IDEA CAN STAY OR GO. BUT AS FAR AS THE CRITERIA FOR WHO IS ON THAT DOESN'T HAVE TO BE ALL YOU KNOW ALL 5 BANK PRESIDENTS THAT LIVING WITHIN THE SAME IN 90,000 PEOPLE IS A LOT OF PEOPLE BUT YOU'RE NOT GOING TO GET 90,000 OF THE 90,005. YOU SEE SWEEP. CPS SO YOU MIGHT YOU MAY WANT TO HAVE A BROADER. WHOSE YOU KNOW ALLOWED TO TO PARTICIPATE >> IN FACT I WOULD SAY THAT THERE ARE SO MANY GOOD PEOPLE WITH. SO SORT FINANCIAL BACKER WHETHER THEY BE FINANCIAL PLANNERS SAY MAYBE TAX PEOPLE. BANKERS WOULD BE HIGH ON LIST BECAUSE. >> THERE A LANDING MENTALITY. I WANT PEOPLE I KNOW PEOPLE LEFT UNANSWERED BACK THEIR COMMUNITY WILL TAKE GREAT ISSUE WITH SOME OF THE DECISIONS PRESIDENT PAST COMMISSIONS HAVE MADE THAT'S WHAT WE WANT IS SOME IT JUST REMEMBER UNDERSTANDING ALL FINANCES AND ALSO THAT COMMITTEE MEETING STILL TAKE PLACE WHERE PEOPLE DON'T HAVE A CLUE. AND AND YOU KNOW THERE PEOPLE OUT THERE IN OUR COMMUNITY. WELL BACKGROUNDS AND THEY WILL WAY TO BE ABLE TO SPEAK TO SOME OF THE YOU KNOW THEY ARE TO PROJECTS TO WE NEED SPEND THAT LIKE CAN YOU REALLY ONLY STARTED ONE YOU KNOW LIKE ARE THAT'S WHAT WE WANT I MEAN I DO THINK WE WANT A COMMITTEE MADE UP OF YES PEOPLE ALL AND I WOULD THINK IF WE DON'T HAVE COMMITTEE A DEBT MANAGEMENT. >> COMMITTEE OF CITIZENS. WE'RE MISSING AN OPPORTUNITY TO GET ADDITIONAL CITIZEN INPUT. YOU KNOW YOU WANT TO PUBLIC HEARINGS BUT IT BE GREAT THAT THESE PEOPLE WAY AND JUST LIKE SOMEBODY IN WORDS MUCH, BUT SOME A LOT THAT REALLY MAKE A CONTRIBUTION. YOU KNOW TRYING TO READ IF YOU WERE TO LOOK AT SOME OF THESE OTHER ADVISORY BOARD TO REALLY YOU KNOW THEY SPEND IT AND THEY DO THEIR OWN WORK AND THEY COME UP WITH SOME GOOD SO I THINK IT'S A GREAT VALUE. JUST LIKE YOU SAY IT'S A CRITERIA BY WHICH THEY'RE SELECTED THAT'S WHY GOING ASK AND IT STILL APPEARS THAT MIND BELIEVE ME I DON'T WALL PEOPLE I WANT PEOPLE GOING CHALLENGE YOU DON'T THINK JUST LIKE PROJECT JUST LOW COMMISSION SHOULD FOR STAFF TO JUSTIFY HOW WE'RE GOING FOR BUDGET THAT'S OUR JOB. >> SO ANYWAY. THAT'S I APPRECIATE VICE-MAYOR I JUST WAS VERY CONCERNED WE HAVE A ROOM FULL OF 8 OR 9 TOO MANY PEOPLE THAT ARE ALL JUST SITTING AROUND SINGING FROM THE SIDE SAME SONG SHEET GOING GAY, OKAY THIS IS OUR RECOMMENDATION TO COMMISSION WITHOUT REALLY. GETTING SOME VALUABLE INPUT RIGHT WRONG OR INDIFFERENT PROS AND CONS I'M A POSE AND CONS KIND OF PERSON. AND I LIKE TO SEE ALL THAT KIND OF ♪ ♪ >> THE OTHER THING IS WHEN YOU SAY MAKE A RECOMMENDATION TO COMMISSION. >> SET BY MEMO. IS IT GOING TO BE THAT'S IT. COMMISSION MEETING. I MEAN IT'S ONE THING FOR THAT COMMITTEE TO MAKE A RECOMMENDATION. BUT IF WE GET IT IN A MEMO WE CAN'T TALK ABOUT IT UNLESS IT'S HERE AT THE COMMISSION WILL DIETS AND I THINK THAT SOMETHING LIKE THIS IMPORTANT WE SHOULD PROBABLY NOT. JUST GET THE MEMO BUT CATHOLIC A WORKSHOP ON IT AND DO WHATEVER IS NECESSARY FROM THAT POINT ON I I APPRECIATE MEMOS BUT AT THE SAME TIME WE CAN'T DO MUCH WITH A MEME I WAS SOMEONE DECIDES TO PUT IT ON THE AGENDA. SO AND THAT GOES WITH THE SAME WITH THE REPORTS, I MEAN YOU GET A REPORT. THE COMMISSION GETS THE REPORT BUT. >> CITIZENS ARE BEING ASIAN. >> SO >> IT'S NO SECRET THAT THE MORE. >> OPPORTUNITIES THAT WE GET THE CITIZENS TO BE PART OF THIS THE BETTER OFF IT'S GOING TO BE IN A MORE HOLISTIC IT'S GOING TO BE. SO I AM JUST THROWING IT OUT THERE AND AS LAST POINT NUMBER LINE NUMBER 3.40. IT SAYS THE MAYOR VICE MAYOR DESIGNATED COMMISSION. COMMISSIONER WE'VE HAD THIS CONVERSATION HAD NAUSEUM WITH OTHER BOARDS AND OTHER COMMITTEES. IT HAS BEEN A RESOUNDING LENO. THE COMMISSIONER SHOULD NOT BE SITTING ON THIS BOARD BECAUSE IT WOULD CREATE UNDUE INFLUENCE TO THAT BOARD. AND THEN ALSO GIVES A COMMISSIONER ADVANTAGE IN THE DISCUSSION. DAY DISCUSSION BECAUSE THEY'RE PART OF THAT COMMITTEE. SO I WOULD DEFINITELY NOT BE IN FAVOR OF HAVING THE MAYOR VICE MAYOR DOES NEED A COMMISSIONER ON THAT COMMITTING IT AND ALSO IS NOT I DON'T REMEMBER WHICH ONE OF THE COMMISSIONER SAID IT, IT DOESN'T CREATE OPEN DIALOGUE ENVIRONMENT HAVING COMMISSIONER AND THE ROOM. SO I WOULD NOT BE IN FAVOR OF THAT HAVING THAT IN THERE. SO JUST SHARING THAT. I DON'T KNOW HOW MUCH MORE TIME I SEE COMMISSIONER STOKES'S LINES IT CAN GET. >> IT'S A GOOD POINT INITIALLY WHEN WHEN YOU KNOW I PROMOTED THE IDEA I THOUGHT IT WOULD BE A GOOD IDEA, BUT BUT I SEE THE VALUE NOT THIS IS GOING COMMISSIONER SAID ON THE SPORT EVEN EVEN IF HE OR SHE WERE A NON VOTING MEMBER THERE WAS A DEGREE OF INFLUENCE THERE AND I THINK YOU KNOW IT IT ALLOWS THAT INDIVIDUAL TO TO PROMOTE. SO I DO ADVOCATE I DON'T THINK THAT'S PROBABLY A GOOD IDEA SO I'M NOT HAVE A PROBLEM WITH THAT BUT I THINK THAT THE WAY THIS COMMUNITY CAN HELP INTERFACE IS. TUESDAY FOR THOSE PROJECTS THEY'RE OFTEN EMERGENCY NATURE OR INFRASTRUCTURE FOR WHERE SOMETHING HAPPENS AND CITY HAS TO ACT AND THE FALL SO FAR WE NEED WHICH WILL PARTIES TOGETHER TO REVIEW IT COME UP WITH A SOLUTION TO A PROBLEM FOR THE MOST PART. THE ISSUE THAT CITIZENS THE THE CATEGORY THAT EVERYBODY IS FOCUSED ON. EMERGENCY CINNAMON AND INFRASTRUCTURE FARE OR THE OTHER INFRASTRUCTURE PROJECTS AND ARE MUCH MORE CONTROL AND MANAGEABLE AND THEY'RE ALL BUDGETING PROCESS THAT TAKES YEAR TO DO WHICH I THINK WILL IN FALL TREMENDOUS SUPPORT FROM NOT ONLY THAT COMMITTEE BUT FROM CITIZENS AT LARGE. IF THEY CHOOSE I WILL BACK TO WHAT I SAID TO A COUPLE OF FOLKS THAT MIGHT WHEN HE ARGUE THAT THIS WOULD JUST BE ANOTHER WAY THAT THUS THE CITY JUST SPEND MONEY OTHER THAN THE RATE YOU A LITTLE MONEY WAY DOING WORSE AGO IT WAS ALL DISAPPEAR JUST SPEND MONEY AND I SHE WE WERE ON THE 2 PEOPLE SHOW KNOW HE SEEMS TO BE MADE WASHINGTON WHERE SOME PEOPLE MAY WATCH BUT THE BEING WHO SPENDS ANY TIME, KNOW CITIZENS TO AVAIL. >> EXCEPT JUST A LITTLE OVER SO THE THIS IS JUST ANOTHER TOOL THAT WE CAN USE TO BE MUCH MORE EFFICIENT. AND CITIZENS TO CONSERVE HAVE A REAL OPPORTUNITY TO WEIGH IN BECAUSE IT'S GOING TO BE PART OF THE PROCESS JUST LIKE THEY CAN COME SAY THIS PROJECT WE DON'T THINK YOU SHOULD MORE POLICE OFFICERS BECAUSE SO IT'LL TAKE A FEW MORE MINUTES FOR PA KENT BUT THE YOU KNOW WE DON'T YOU KNOW WE HAVE TO SPEND THEIR BILLS, THEY HAVE THE ABILITY TO INHIBIT. >> IF THEY SO CHOOSE TO AND I WILL THINK THAT TO BEHIND CLOSED DOORS KIND THING THIS IS PART THE PROCESS WHEN THERE'S AN EMERGENCY IT'S A WHOLE DIFFERENT STORY AND WE HAVE TO DEAL WITH IT AND REALLY GET SOME FAULTS LIKE WE REALLY SEE THE VALUE OF HAPPENS WHEN SEE THE VALUE PUBLIC HEARINGS I SEE THE VALUE JUST LIKE >> PART OUR ANNUAL BUDGET THAT SPENDS OUR CITIZENS TAX DOLLARS. IT BEHOOVES EVERY CITIZEN TO TAKE ACTIVE INTEREST IN IT TO MAKE SURE WE'RE BEING GOOD STEWARDS YOUR TAX IT'S JUST ANOTHER PIECE OF THE PUZZLE. >> I OK JUST TO TO GET BACK UP WITH THAT YEAH I AGREE IT IT AGAIN PROVIDES SOME MORE ASSURANCE TO RESIDENTS THAT EVERYTHING IS BEING TRANSPARENT AT OPEN AND EVERYTHING HAS BEEN PROPERLY VETTED AND THAT'S GOING GIVE THEM MORE CONFIDENCE THAT AND WHAT WE'RE TRYING TO DO YEAR AND THAT'S PROVIDE. FOR OUR RESIDENTS AND CITIZENS THAT THINGS THAT ARE AND GET GOING ON THESE PROJECTS THAT HAVE LANGUISHED FOREVER ARE NOT EVEN IN THE PLANNING STAGE THAT THIS IS WHAT WE HAVE TO OR WE ALSO HAVE. >> THAT ANY DEBT. >> BOND THAT WAS GOING TO BE IS THE RESOLUTION RIGHT BECAUSE WE DID TO RATINGS IT'S GOING TO COME OUT OF HER 2 READINGS TO SO EVERYTHING IS PEOPLE HAVE PLENTY OF OPPORTUNITIES TO COME OUT AND SPEAK THEIR PIECE AS VICE MAYOR AND TURNOUT HASN'T BEEN GREAT AND SOME OF THOSE. BUDGET MEETINGS AND THAT'S THEIR OPPORTUNITY TO COME OUT AND SAY SO TO ME THAT'S A VOTE IT'S THAT THEY'RE HAPPY AND FOR THE MOST PART THAT'S WHAT PEOPLE WANT TO GET MY CAR FIXED I USE JUST FIX IT AND JUST I DON'T MEAN DETAILS. PEOPLE BUSY WITH THEIR LIVES. THEY HAVE COUGH AND SO THAT. >> THAT SITS APPEARS GOING TO BE MAKING THE BEST DECISIONS FOR THEM AND WE FANTASTIC TEAMS DOWN THERE. TO DO THAT AND IF THIS IS ONE THING THAT WE NEED TO DO TO GIVE THEM MORE ASSURANCE, I'M ALL FOR. >> I DON'T SEE A PROBLEM WITH COMMITTEE I MAY MAKE A QUICK COMMENT JUST ON THAT TOPIC. I REALLY LIKE THE IDEA OF HAVING A NON GOVERNMENTAL POINT OF VIEW. I THINK WE ALL BECAUSE OF WHAT WE DO ON ONGOING BASIS TEND TO HAVE A THINGS AND TO HAVE EXPERIENCED PEOPLE IN THE COMMUNITY WHO ARE NOT GOVERNMENTALLY ARE THAT I THINK THAT IS POTENTIALLY A REALLY POINT OF VIEW THAT WOULD BE VERY VALUABLE TO THE SO IT'S ANOTHER ASSET READINGS. WAS ON THE >> COMMISSIONER DOUBT, YEAH I JUST HAVE ONE FINAL POP SUBJECT. COUPLE OF MY TOWN HALLS THAT I'VE HOSTED BEEN TALKED ABOUT VARIETY OF THINGS AND THIS IS ONE OF THEM. >> SOME OF THE CONCERNS IS WHAT IF IT DOESN'T AND I DOUBLE TO BE PAID BACK. SO IN THIS DEBT POLICY IT'S ABOUT ISSUING DEBT. I'M NOT SEEN ANYTHING IN THE DEBT POLICY THAT TALKS ABOUT IF SO TEXT RISE UP OR PEOPLE DECIDE THEY'RE NOT GOING TO TRAVEL AND MORE AND SPEND THEIR MONEY ANYMORE BECAUSE THE ECONOMY IS TANKING BEYOND BELIEVES AND THEY'RE HOLDING THEIR MONEY CLOSE TO THE VEST NO WE DON'T HAVE SURTAX. THERE'S THE CONCERN OF HOW ARE WE GOING TO MANAGE THAT AND IT'S NOT IN THE DEBT POLICY AND I DON'T KNOW IF IT NEEDS TO BE ENDED UP POLICY BUT MAYBE WE COULD HAVE TO OPPOSITE THING OF. WHAT HAPPENS THIS DOESN'T GET. ABLE TO BE PAID BACK ACCORDING TO THE PRIME MEMBERS OF THE LOAN OF ISSUING THE DAT. SO I I JUST. PROMISED THEM THAT I WOULD BRING THIS UP AT TODAY'S MEETING BECAUSE IT IS AN IMPORTANT PART AND THEN IT IS VERY REAL REALITY. >> HOPE IT'S NOT VERY AND SO THE COMFORT THAT IS PROVIDED BY THE CITY TO A LENDING INSTITUTION OR AN INVESTOR. >> IS TIED TO THAT FINANCING FOR THAT. SO THE COMMENTS ARE BUILT INTO THAT. OR THAT PLEDGE. SPECIFIC BASED WHENEVER IS INCLUDED IN THE SECURITY PLEDGE. YES ARE TAXED RISE UP. IT WOULD TAKE A MASSIVE DRY UP. SO YOU GET THE CURRENT CASH POSITION. AND THROUGH. SO THE 5 AND A HALF BILLION THAT'S REQUIRED TO SERVICE THAT DEBT. >> HERE WILL. >> SO FINE THAT MILLIONS THE ANNUAL PAYMENT ESTIMATE. WE'RE TALKING ABOUT 8590% DROP. THE PROBABILITY. >> IT'S VERY VERY VERY UNLIKELY. AND I GUESS THE QUESTION THE BOOK BUT WITH THE AND HOW WOULD THE CITY. >> AND >> COVID WE HAD A DROP IN SURTAX THAT HAPPENED ALMOST IMMEDIATELY AND IT TOOK A LONG TIME TO RECOVER FROM THAT. AND THEN WE RECOVERED IN BE ABLE BUT WHAT IF IT'S MORE OF A LONG-TERM KIND OF THING THAT GOES BEYOND THAT YEAR ITCH >> THAT THAT WILL BE PART OF A VERY VERY LONG AND UP. >> DISCUSSION THE WORKOUTS IN THOSE INSTANCES. >> THEY'RE COMPLICATED AND THEY'RE NOT SOMETHING THAT WE WOULD HAVE AN ANSWER TO BUT INTO THE POLICY BUT YOU KNOW IT. >> IF I PRACTICALLY GOING YOU KNOW YOU'RE TALKING ABOUT SURTAX. FOR THE NEXT 15 YEARS OR SO THE TAX PROJECTS ARE PRETTY MUCH COMMIT THE ABILITY LEVERAGE THOSE BORROWING. PRETTY MUCH TAKING PLACE I PRICED SO WHAT THEY TALKING ABOUT THOSE YOU KNOW, I MEAN WHAT IS THERE. OF US ARE ATTACKS A NATURE THAT WE MAKE ONE THIS IS MUCH MORE WHEN STRIP AND UTILITIES. BAR WEEKS IT MIGHT TAKE PLACE AND I GOT TO TELL THE REVENUE STREAMS ON THEM ARE PRETTY SOLID PEOPLE ARE GOING TO THERE YOU KNOW THEIR WATER BILLS OR UTILITY BILLS ROAD DRAINAGE FEES OR TAXES THAT THEY ASKED THE BAY SO THE ECONOMY MAY TANK. YOU KNOW RECESSION COME AND GO THE REALITY IS PEOPLE ARE GOING PAY BILLS BECAUSE THEY HAVE TO JUST LIKE IT YOU DON'T KNOW WHAT HE SAYS THAT WILL CHANGE THE COUNTRY'S IN RECESSION, YOU HAVE TO PAY YOUR PROPERTY SO YOU SEE WHAT SAYING IT TAXES AND AND WHEN YOU REALLY LOOK AT IT FOR THE NEXT 15 YEARS. PRETTY MUCH TO BY PRICE. 200 MILLION DOLLARS INCLUDE THE COST OF MONEY. SO YOU KNOW WHAT WE'RE REALLY TALKING ABOUT WE'RE NOT TALKING ABOUT THE TAX DISCUSSIONS THAT WOULD WHEN YOU THINK ABOUT IT FOR CITIZENS TO VOTE 2 YEARS AGO LOOK AT WHAT WE HAD THAT CONVERSATION ABOUT THE POLICE HEADQUARTERS AND AND GOING SIR TAX TO HELP PAY FOR HOW MAY PEOPLE TO TREAT THESE WALLS. >> THAT THEY SUPPORTED THAT'S A TAX REFERENDA BECAUSE THEY SUPPORTED THE PROJECTS THAT WERE WANT TO TO PRETTY MUCH SHOULD GO SO A LIST OF PROJECTS EXCEPT PRICE WHERE WE TO SO YOU KNOW IT REALLY IS WHERE DISTRICT ORIENTED AND ENTERPRISE FLORIDA THAT'S WHY I DON'T THINK IT'S THAT MUCH MORE WORRY. IT'S REALLY A TREMENDOUS. THE STABLE REVENUE BASE. THAT'S GOING BE. VERY WELL CONTROLLED WHEN IT COMES TO BORROWING IS BEST WAY TO DO THIS WAS THE THING I THINK YOU WANT IS TO HAVE TO DO GENERAL OBLIGATION DEBT TO PAY INFRASTRUCTURE BECAUSE SUSCEPTIBLE TO THE THINGS YOU SAY IF THE ECONOMY TANKS TO FURTHER THINGS HAPPEN AND WE'RE TIED TO TO YOU KNOW TO OTHER SORTS REVENUE, I MEAN I WANT TO KNOW THAT THESE THAT WE INCUR IS GOING TO BE PAID BY MONEY THAT WE CAN PRETTY MUCH TAKE TO THE BANK. >> RELATED WHEN A PARTICULAR BOND DEAL COMES THEY TYPICALLY INCLUDE THE REMEDIES AND WORST CASE. >> SOME AREAS. >> YEAH SO THERE'S THE FALL RATES YOU KNOW ITS ADJUSTED THE LOVE IT'S JUST THE 2. BUT IN THIS INSTANCE, THE. >> YOU KNOW THE REAL RISK IS PROJECTS I COULD NOT BECAUSE THE REVENUE WOULD COME DOWN TO WERE YOU'RE JUST KEEPING THE LIGHTS 7 THAT CHECK TO THE BONDHOLDERS. >> AND AGAIN REMEDIES WOULD BE TIED TO THE RISK ASSESSMENT THAT WOULD OCCUR AT THAT SPECIFIC BOND ISSUE. >> LEVEL CORRECT OKAY YOU THINK LEHMAN BANKRUPTCY, YOU KNOW WHEN THERE WAS AN ISSUE AND THERE WAS NO QUIT IN THE MARKET REPRICE OR REPLACE THAT YOU KNOW IT SPIKED TO THE FALL RATE AND WE ALL RIGHT AROUND. YOU'RE NOT SOLUTIONS FOR WHAT TO DO IT. 4% 18% WAS NOT SUSTAINABLE. >> THAT WAS A SYSTEMIC FAILURE WAS VERY. ♪ >> THERE'S A LOT OF THINGS WENT WRONG THERE, BUT THEY ARE WORKING OUT OF THOSE SITUATIONS CLEARLY ♪ >> A PRIORITY. >> QUESTIONS I HAVE MAYOR APPRECIATE THE CONVERSATION. I. >> COMMISSIONER EMERGED YOU THAT ALL RIGHT. >> SO WE HAVE NO MORE QUESTIONS FROM UP HERE. >> YOU HAVE I JUST HAVE ONE COMMENT MAKES YOU FEEL A BIT BETTER THE SURCHARGE REVENUE DURING COVID WE DID NOT HAVE A DROP. DROP FOR A FEW MONTHS, BUT THE OVERALL YEAR WE ACTUALLY HAD A LOT REVENUE WAS PROJECTED TO TOTAL PROJECTED LOWERING REVENUE BUT ACTUALLY WENT UP. >> COVID WAS FOR LET'S THE FIRST FEW MONTHS WERE NOT LIKE THAT AND RIGHT RIGHT OKAY AND THEN A OR THAT'S GOOD TO NOW. >> ALSO I THINK WE'RE DONE WITH THE COMMISSIONER QUESTIONS I'M NOT SEEING ANYBODY IN THE 2 ARE MOVE ON TO PUBLIC COMMENT. >> WE HAVE SAN DE SCENTING BOARD. >> I WE COULD STILL HAVE THAT DISCUSSION PRIOR TO A PUBLIC COMMENT PRIOR TO THE DISCUSSION FROM THE COMMISSION BECAUSE MAYBE SOME OF MY QUESTIONS COULD BE ANSWERED. WELL MAYBE THEY HAVEN'T I'M JUST NOT UNDERSTANDING. BUT A MAJOR CONCERN IS WHEN WE WHEN WE THAT LANGUAGE FUNDING SOURCES. WHAT EXACTLY ARE THE OTHER FUNDING SOURCES. WE'RE NOT UNDERSTAND AND CAN YOU JUST TAKE IT MAY BE OUT OF THE TREE FUND. CAN IT TAKE A LITTLE OF THAT REFUND CAN IT TAKE A ON THE NOSE PRINCE FUN. UNDERSTANDING THAT OTHER LIMITATIONS TO THE FUNDS THAT CAN BE AND KNOW TOO. >> SOME OF THE LANGUAGE IS KIND OF TO A NEEDS. IF YOU COULD PUT BETTER LANGUAGE IN THERE. AS THAT STRUCTURE THE CITY WILL DECIDE THE REPAYMENT OF ITS OVERALL WE CAPTURE ITS CREDIT TO PASS IT. I DON'T KNOW WHAT THAT MEANS. >> AND JUST LIKE ME BECAUSE I'M UP TO TAKE THEM OUT OF FINANCE MAJOR SO I JUST A QUESTION ON >> THE OTHER ONE IS. YEAH REVENUE DEBT. AS PART OF THE CITY'S FINANCING ACTIVITIES SPECIFIC REVENUE SOURCES MAY BE IDENTIFIED TO PLEDGE FOR REPAYMENT OF REVENUE DEBT. IS ANOTHER QUESTION. CAN YOU JUST HAPPEN TO ANY REVENUE SOURCE. OTHER LIMITATIONS. DON'T UNDERSTAND >> AND BATTLING SAME THING. AND YOU JUST KEEP BORROWING SOME DIFFERENT FUNDS TO PAY FOR DEBT. ARE THE LIMITATIONS ON EXACT SOURCE IS THAT YOU'RE ALLOWED TO TAP INTO. THAT'S THAT'S KIND OF >> OF THE OTHER >> WAS. >> THE. >> ISSUE WINDS PROCESS. AS FAR REPORTING. I THINK THE REPORTING SHOULD BE ON A REGULAR GUY THE ANNUAL QUARTERLY SEMI-ANNUAL BASIS. NOT JUST MAYBE. AND IT'S A PUBLIC GOING TO BE INVOLVED IN THAT AND IS IT GOING TO BE FULL TRANSPARENCY TO THE PUBLIC. SO WE KNOW WHAT THE HECK IS GOING ON OR IT'S EVERYTHING GOING TO HAPPEN BEHIND CLOSED DOORS. AND PLEASE DON'T TAKE WHATEVER ON SAYING AS I'M TOTALLY AGAINST IT BECAUSE I SUPPORT THE NEED FOR THE CITY TO HAVE THIS REFERENDUM BE ABLE BORROW MONEY. BUT IN ORDER FOR US TO FULLY UNDERSTAND AND TRUST IS THIS TRUST AND SO LOW POLITICS, THE WAY LAW AND AT WHAT LEVEL WE JUST NEED TO BE MORE INVOLVED WE NEED TO KNOW EXACTLY WHAT'S GOING ON IN FRONT OF US. AND IF IT'S NOT GOING TO GO IN ON THE FUN OF US THEN THAT'S GOT TO BE POST SOME WAYS THAT WE CAN ACCESS. THAT IS THINK YOU THANK COME TO MY WORKSHOPS. >> I'VE BEEN FOR THIS FROM THE BEGINNING PLEASE PUT. >> THE STRICTER. >> GUIDELINES IN THIS. I TALKED TO CITIZENS ALL THE TIME I'M OUT THERE FIGHTING THIS BATTLE ON TRY. MY ANSWER IS ALWAYS THE DEBT POLICIES, KEY AND THEN I EXPLAIN THAT. AND PEOPLE GO BACK AND I'VE ACTUALLY HAD PEOPLE IN ANOTHER MOVIE COME UP AND GO HEY THIS I READ THAT THIS IS DECENT WHAT ARE THEY TALKING ABOUT HERE. I PROMISE YOU PEOPLE ARE READING IT WANT TO GET THIS RIGHT. THEIR TRIAL. THERE IS A LARGE PORTION OF THEM WHO READ IT AND GET OUT PERCENT OPPOSE UNFORTUNATELY PEOPLE OUT OF THINGS SHOWING THAT ON PER CENT MORE MONEY THAN WHAT THAT. THAT'S GOING SCARE PEOPLE YOU REALLY GOT TO GET THIS MESSAGE RIGHT. PLEASE HELP US GET THIS RIGHT. THERE'S A TON OF MATTER WHAT PEOPLE. I PROMISE YOU IF YOU GET ENOUGH INFORMATION OUT THERE A LARGE PORTION OF THEM WILL BECOME OK UNDERSTAND PEOPLE. WERE GIVEN REALLY APPRECIATE MISTER STOKES AND MC-DOWELL ACTUALLY GOING OUT THERE EXPLAINING THE STATE. I WAS REALLY IMPRESSED TO SEE HOW MANY IT. THANKS MISTER STOKES DO IT I WAS GOING DO SAID IT WAS ABSOLUTELY AMAZING. SHE LEARNED A LOT. SO HOPEFULLY THE REST OF YOU WILL TOWN HALLS ON THIS. AND THE CITIZENS NEED TO UNDERSTAND THE COUPLE QUESTIONS THEY HAVE I THINK YOU'VE SURELY BE SHOT ON HOW MANY PEOPLE ARE JUST A COUPLE WORDS AWAY FROM UNDERSTAND. JUST GOT TO ME A LITTLE BIT MORE ON HOW CRAZY YOU'RE SPENDING CONVEY. WE JUST GOT TO GET THIS RIGHT. FOR MICHAEL BENNETT. I'VE GOT NO ONE ASKED FOR. BUT THE DEBT POLICY MADE MY BUSINESS PARTNER FEEL GOOD ABOUT TAKING ON THAT. DON'T WORRY ABOUT THE OUTSIDE LENDING MORE LOOKING AT YOUR THAT POLICY. THEY'RE NOT GOING TO CARE. I DOUBT SOMEONE IS GOING TO LOOK AT THAT SAY GOT PERCENT WE'RE GOING TO HAVE TO WAIT ON THAT OF THEM OUT. THAT THEY'RE TOO GREAT FOR THAT. PLEASE LOCK THIS FOR THE CITIZENS. PLEASE HELP US GET THIS RIGHT. THAT'S MY REQUEST THANK YOU VERY MUCH. THAT >> OK AND VICE MAYOR YOU DO HAVE OTHER TOWN HALLS COMING FRONT. YOU KNOW THE DATES BUT YES. >> FIRST OF OCTOBER AT SHANNON STAFF 6 P HAVE. NORTH PORT LIBRARY THAT DAY AFTER ON THE SECOND THAT I BELIEVE IT'S. SATURDAY ON THE 16TH AT SHANNON STABBING THEM FOLLOWING UP ON THE 26 I THINK IT IS PORT LIBRARY WHERE YOU'VE GOT LOOK ON FACEBOOK ROB'S BEEN REPOSTING IT LEFT AND RIGHT SO IS EVERYBODY ELSE SO IT WILL BE UP THERE ARE A MILLION WERE TIMES SOME OP-EDS OUT A NEWSPAPER I LIKE WELL, JUST PEOPLE ARE CASUAL IT ISN'T LIKE YOU DON'T BIG OLD PRESENTATION FOR SOME PEOPLE TO SIT THERE AND WAIT LIKE HE GETS RIGHT INTO IT AND BECAUSE I WANT JUST ASK FOR BUDDIES LIKE AND SERVICE AND. >> UP FRONT AND THEN WE KIND OF TALKED AND TALK AND SEE IF WE CAN FIGURE IT OUT. JUST BRING THE 1000 VOTERS ALL RIGHT, THANK YOU THANK YOU. MAYOR ALL RIGHT IN A REMOTE MINE. >> I HAVEN'T SEEN THAT. WHAT ARE YOURS. I HAVE THE NEXT ONE IS 7. AT FIVE-THIRTY AND WE. >> THE LAST WE TALKED ABOUT THE CHARTER AND THE WHAT WE REALLY DIDN'T TALK TOO MUCH ABOUT THE DEBT MANAGEMENT BUT WE WILL NOW THAT WE'VE HAD THIS DISCUSSION BUT WE DO TALK ABOUT CHARTER REFERENDUM AND I TRY VERY HARD TO ANSWER ALL THEIR QUESTIONS AND STUFF TOO. MY NEXT ONE ISN'T UNTIL AFTER VOTE A REFERENDUM. SO OCTOBER 7 CHANCE TOP 5.30. >> OKAY, BUT I THINK THE VICE MAYOR YOU'RE SPECIFICALLY JUST ON THIS TOPIC RIGHT HERE A LITTLE BIT ♪ >> IMAGINE COMMISSIONER MCDOWELL HAS ON ANY TOPIC IS THAT CORRECT CHARITY EVENT HAS BEEN ON THIS I'VE HAD ON THIS THIS WILL BE MY 4TH ON THIS ♪ SUBJECT RIGHT. >> OKAY. >> ALL RIGHT I'M I'M NOT SEEING ANYTHING ELSE SO WE WITH APPLE WE HAVE WORD GENERAL PUBLIC WHICH SORRY. ROBINSON SOMETHING. GENERAL PUBLIC ♪ ♪ >> I ABOUT ITEMS ARE MANY ISSUE >> SINCE SOME OF US >> CAN WE PLEASE GET SOME KIND OF A COFFEE MACHINE IN THE WELSH WOULD BENDING MACHINE THEY BELIEVE IS NOTHING I WOULD SOME COURSE THE THAT'S DECISION AND I I WILL SAY THAT OKAY, THANK SO IT'S TOO LITTLE AND I TURN THIS