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 Good morning. It's 9 o'clock. I'd like to call the Public Utility Board of Monday, March

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 28th, 2022 to order. With that, we will accept any presentation from members of the public.

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 Is there anyone out there that would like to address the Public Utility Board? Seeing

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 none, we'll move on to the consent agenda. Would any member of the board like to move

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 one of them out for discussion? Mr. Beck? Yes, I just want a little clarification on the

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 wording in item A. Item A? Yes, sir. Okay. Any others? If not, we'll entertain a motion

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 to approve item B. So moved. Second. We have a motion and a second. All those in favor,

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 please say aye. Aye. Any opposed? There being none, we'll move on to consent agenda item

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 A. Thank you, Chair. The wording in it just kind of caught my attention. It says that

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 this energy market price data, ETERM, is the sole provider of this software, which provides

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 that procurement of commodities and service that are available from one source are exempt

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 from competitive bidding. So are we saying that there's no other source and therefore

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 competitive bidding isn't a factor or what? I'm Smith Day. I'm the regulatory risk division

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 manager with DME and I've got a little bit of knowledge on this item. Okay. We're actually

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 not saying that this is the only source of this data. There are providers. However, given

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 the procurement regulations, it can be treated as sole source if it's, as a practical matter,

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 the only practical way to get the data that works for us. And the reason that this data

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 is in that category, that unique category, is because the ETERM system, and I don't want

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 to kill you with acronyms, but it's energy trading and risk management system. That's

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 the actual software and that's where we put our power and energy portfolio in to gauge

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 it against the market. The only way that tool works is if we feed it market data. And this

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 market data provider provides us market data, and they're not the only one, but they provide

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 us market data in a unique configuration that would match when we implemented the software.

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 So to get a different vendor means we would have to tear out the current configuration

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 and get a great expense to get a different vendor. You said the key element, great expense.

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 Okay. All right. Thank you. If there's any more questions, I can... Thank you, Smith.

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 All right. Thank you. You okay with that, Mr. Beck? Everything okay for you? Everything

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 okay for you on that? Okay. All right. Well, if there is no further discussion, entertain

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 a motion for item A. Motion? Second. And a second. Any further discussion? If not, all

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 those in favor, please say aye. Aye. Any opposed? Passes unanimously. Now we'll move on to items

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 for individual consideration, the first one being item A, which is the approval of March

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 14th minutes. Any corrections or discussion on those? There being none, entertain a motion

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 for item A. So moved. Motion to approve. We have a second. All those in favor, please

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 say aye. Aye. Okay. I'm going to recuse myself on item B. Good morning. Item B for individual

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 consideration is to consider recommending adoption of an ordinance. The City of Denton,

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 Texas Home-ruled Municipal Corporation authorizing the city manager to execute a contract with

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 Texas Materials Group DBA tech spit for the construction of the Southeast Denton Package

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 A project consisting of 22 roadway segments, including water and wastewater main replacement

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 located in Southeast Denton in the Southeast Denton neighborhood. I believe we have a presentation.

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 Yes, sir. Good morning, board members. My name is Seth Garcia. I'm a program manager

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 with Capital Broadchecks. As he stated, I have a brief presentation for you for Southeast

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 Denton Package A. So just quickly, this package is a part of our neighborhood rehabilitation

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 program, which is associated with the 2019 bond program. And this is for the award of

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 the construction contract. So for a brief project scope, Southeast Denton Package A

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 is reconstruction of the first 22 segments of a total of 72 segments we're going to be

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 doing in Southeast Denton. It includes full street reconstruction, replacement of aging

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 water and wastewater mains. We also have some improved sidewalk connectivity. So we're going

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 to be filling some gaps. We're correcting all noncompliant ADA ramps on the segments

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 that we're touching, as well as some various traffic calming measures. So currently on

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 that section of Mill and Moore Street that you can see, the width is about 40 feet. So

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 we're instituting some bump outs that's actually going to narrow the roadway to about 30 feet

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 at the intersections to give the appearance of a smaller roadway to kind of discourage

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 speeding there. So with this project, we did receive five proposals. It was bid using CSP.

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 The highest ranked firm was Texas BIT, and their total base proposal was just over $6.3

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 million. So quickly to touch on the schedule of this project. So this is the first--

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 Excuse me, sir. Could you go back to the previous slide for a moment? Yes, sir. I just didn't

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 see your scoring while you were talking. Yeah, I'm sorry. Thank you. Absolutely. So quickly

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 just to touch on the schedule of this project. So the first 22 segments we began design in

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 March of 2021. We had made a commitment to city council and to the representatives in

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 district one that we were going to advertise this project by the end of the year. So we

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 did meet that promise. It advertised in quarter four of 2021. We opened bids in January. We

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 are anticipating that construction is going to begin in quarter two of 2022. It's a 365

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 day project for substantial completion. And that would put us completing the project somewhere

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 near quarter two of 2023, of course, pending weather. So with that staff recommends a contract

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 between the city of Denton and Texas bit and just over $6.6 million. And this does include

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 the 5% contingency. So it's the base bid of 6.3 plus the 5% contingency for a total NTE

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 of 6.6. And with that, I can take any questions. Any questions? I do have one. I wasn't here

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 for the initial project approval. I'm just curious on the very first map, first slide

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 with the map, what are the red dotted lines? Yeah. So the red dotted lines represent wastewater

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 lines that we're going to be replacing. So if you see a red dash line, that means the

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 wastewater line was due for replacement. The blue lines represent the water main. So I

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 believe of the 6.3 million, we had just over 1.7 million in water main replacement and

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 1.6 million in wastewater main replacement. And then the bond segments, sidewalks, all

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 that was just over $3 million of the total contract price. And on the sidewalk connectivity,

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 is it only where existing sidewalks were or will all of the streets receive sidewalks?

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 No. So it's only we're filling a couple gaps. One of the major gaps was on Robertson. So

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 we have continuous sidewalk coming down Bell. We had an area of about 100 feet left out

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 on Robertson. So we're proposing to connect that gap. It'll provide then continuous sidewalk

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 kind of going over to the Fred Moore High School. One other piece of sidewalk that we're

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 installing that is not currently there is the little triangle shape on Y Street. So

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 that's actually owned by Parks and Recreation. So we're proposing to put in two legs of sidewalk

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 there with the thought that there may be a future community garden or something that

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 could go into that small area. And so since we're coming in with the project, we're going

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 to utilize the economies of scale to go ahead and put in a couple legs of sidewalk there

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 for them. And does Mill Street currently have sidewalks? Mill Street does not. So it does

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 behind the Fred Moore School. So that's where we're instituting those bump outs. We are

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 putting ramps on the bump outs. So there will be a potential for in the future to put an

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 on street path that will be protected by those bump outs.

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 Thank you. Yes, sir. If there are no further questions and entertain a motion. Motion to

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 approve. Second. Second. Second. All in favor? Aye. Motion passes unanimously. Great. Thank

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 you all. We'll take just a moment to get our acting chair back in the meeting. Okay. Next

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 item for individual consideration is item number C. Randy? Oh, yes. I'm sorry. Yes.

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 Item C and D need to be called together. Voted on separately. So Randy is going to present

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 C and D together with one presentation. Yes, sir. Thank you. Randy Klingel, Treasury Manager

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 within the Finance Department. I am going to speak a little bit about the notice of

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 intent process for issuing CO debt for the city of Denton. This is a standard process

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 we have for the CO sale anytime the city goes out for a bond sale. The purpose of a notice

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 of intention is by the local government code chapter C of the Certificate of Obligation

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 Act, which requires us to give the public notice of our intent to issue COs. We must

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 publish this in the newspaper, our journal newspaper, the city of Denton will be published

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 there along with our city website. The publication must be put out once a week in two consecutive

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 weeks, which will start that around April 14th of next month, which we're almost on

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 top of April. A passage of a bond ordinance, or sometimes we call it a parameter ordinance,

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 it's kind of an interchangeable term, will be authorized in the sale of the COs for at

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 least 46 days after the date of the first publication. So most of the slide presentation

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 you'll see here are the list of projects for these CO sales. They are also listed in your

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 AIS independently, depending on which utility that we're looking at. So the first one is

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 the solid waste project list totaling $6.9 million, which is in your list. And these

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 were also part of the CIP budget process. So it's not any new projects that you're seeing

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 here, they are part of the process that you've seen throughout the year. So the solid waste

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 total is at 6.9. There we go. Water is at 23.4 million. The wastewater projects usually

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 take two slides, they're very detail oriented, so they have a lot going on over wastewater.

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 They have $44.2 million coming up for the CO sale and rounding out with electric at

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 52.9, bringing the total of the three utilities at $120.6 million. And these are pretty close

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 to budgeted items. They have a couple of months to tweak their process and see what they still

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 need to come up in the bond sale that won't happen until June. So these numbers are most

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 likely to reduce. So my next step is I'll come back in May to this board to do the parameters

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 or bond ordinance. Well, you'll see a final project list to go out for the CO sale. Then

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 we'll take that recommendation following to council. We'll look at a preliminary date

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 for the bond sale in June and then actually close the sale and receive the bond proceeds

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 in late July. And that is my presentation today. Open for any questions. And we do have

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 the department here as well if you have any project specific.

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 Yes, ma'am. What are the terms of these bonds?

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 The terms, it depends on the project, anywhere from five years to 30 years.

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 So even though we're authorizing a pool for sale, they vary in length.

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 Yes, sir. Thank you.

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 So just to clarify, the PUB has already approved all these things and this is now how to pay

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 for it. Is that correct? Correct. The notice of intent is to show out what

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 we can go out and get in the bond sale. But again, we'll come back with a hard number

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 in June. Thank you.

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 Any further questions? That should be good. So we're going to take item C for consideration

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 or consideration for a motion. If anyone would like to make a motion.

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 Move to approve. Pardon me?

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 Move to approve. Okay. Mr. Ryback second. All those in favor,

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 please say aye. Aye.

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 Any opposed? There being no, we'll move on to item D, consider a motion to approve this.

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 So moved. So moved, Mr. Jumper. Mr. Beck seconds.

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 All those in favor, please say aye. Aye.

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 Any opposed? Item D and C, both passed unanimously.

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 Okay, item E, management reports. So Mr. Chair, members of the committee, of

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 the board, so we have a couple items for you. The first item, and members of the finance

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 department are here if you have any questions. We've provided to you the deck update for

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 the month of September. I will tell you that they are working on getting the most current

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 months completed and out to you guys here in the next couple of weeks. But they're here

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 if you have any questions on that item. The next item is just future agenda items. Of

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 course, what we have on here is just some dates for budget presentations. And again,

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 that'll include water, wastewater, electric, solid waste, and also utility customer service

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 that will be coming to you over a series of meetings with ultimate requests to approve

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 or make a recommendation to council on July 11th. And just for your information, the city

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 manager's proposed budget is due to the city council by July 31st. And so those are the

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 hard dates that we're kind of looking at. And then the final item is just new action

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 items. Again, these are items that have been on here for a little while that we're working

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 on. I will let you know that there is one additional item that we didn't put on here

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 that we will be putting on here. And the chair has asked DME to come back to the board with

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 a presentation on renewable energy, kind of a 101 on what a rec is and how recs operate

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 and how that impacts our portfolio. So we are going to be working on that. We're going

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 to shoot for the next meeting to have that for you. Really meant for your information

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 only, but hopefully that gets you some good background and knowledge as we're preparing

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 to eventually come back to you with a revision to the then renewable resource plan. So those

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 are the management items. If you have any questions on any of them, we've got a number

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 of staff people here that can address that. Okay. Anything for Mr. Puente? If not, item

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 number two is future agenda items. Is there any future agenda items any of the board members

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 would like to put on? No? There's none there. So new business action items. It appears we're

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 going to move right along. I'm going to be -- Susan is going to be jealous how fast I

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 can get these things done. So we'll move on to concluding items. I don't think there's

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 any of that. Those should have been covered in the future agenda items. If not, take that

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 motion to conclude this meeting. Way to go, Lee. Second? All those in favor, please say

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 aye. Aye. Thank you. Thank you. A lot of y'all here got you out here quick.