1 00:00:00,000 --> 00:00:01,680 - All right, good morning. 2 00:00:01,680 --> 00:00:03,440 Like to call the Public Utility Board meeting 3 00:00:03,440 --> 00:00:07,860 for the City of Denton Monday, October 13th, 2025 to order. 4 00:00:07,860 --> 00:00:12,300 Are there any presentation from members of the public, Cassie? 5 00:00:12,300 --> 00:00:13,140 No, there are not? 6 00:00:13,140 --> 00:00:15,400 All right, then we'll move on to the consent agenda. 7 00:00:15,400 --> 00:00:17,480 Would any board member like to pull any items 8 00:00:17,480 --> 00:00:18,800 from the agenda? 9 00:00:18,800 --> 00:00:22,880 - I would like to remove items E and F for the review. 10 00:00:22,880 --> 00:00:23,720 - Any others? 11 00:00:23,720 --> 00:00:26,360 No, okay. 12 00:00:26,360 --> 00:00:31,360 Then we'll entertain a motion for items A, B, C, and D 13 00:00:31,360 --> 00:00:33,720 for approval. 14 00:00:33,720 --> 00:00:34,680 - So moved. 15 00:00:34,680 --> 00:00:35,520 - We have a motion. 16 00:00:35,520 --> 00:00:36,340 - Second. 17 00:00:36,340 --> 00:00:37,680 - And a second. 18 00:00:37,680 --> 00:00:39,480 All those in favor, please say aye. 19 00:00:39,480 --> 00:00:40,320 - Aye. 20 00:00:40,320 --> 00:00:41,800 - Any opposed? 21 00:00:41,800 --> 00:00:43,360 Passes unanimously. 22 00:00:43,360 --> 00:00:44,960 All right, item E. 23 00:00:56,360 --> 00:00:57,240 Good morning, board members. 24 00:00:57,240 --> 00:01:00,240 Aaron Skinner, Senior Project Manager, Capital Projects. 25 00:01:00,240 --> 00:01:01,800 Questions might you have today? 26 00:01:01,800 --> 00:01:07,800 - I was wondering if we could review the presentation 27 00:01:07,800 --> 00:01:12,800 that was included and be able to ask our questions from that. 28 00:01:12,800 --> 00:01:14,300 - Being a consent agenda item, 29 00:01:14,300 --> 00:01:16,600 we didn't have a presentation prepared for this, 30 00:01:16,600 --> 00:01:17,800 but I'm happy to answer any questions. 31 00:01:17,800 --> 00:01:20,500 - I'm sorry, there was one included with the documents. 32 00:01:20,500 --> 00:01:23,340 - Aaron, it's up there. 33 00:01:23,340 --> 00:01:24,520 - It is in there, okay. 34 00:01:24,520 --> 00:01:25,360 Perfect. 35 00:01:25,360 --> 00:01:26,700 25192. 36 00:01:26,700 --> 00:01:29,880 - Sorry about that. 37 00:01:29,880 --> 00:01:30,700 - No worries. 38 00:01:30,700 --> 00:01:40,800 - So this is for the standard utility agreement 39 00:01:40,800 --> 00:01:44,240 for the FM 1515 relocation project. 40 00:01:44,240 --> 00:01:48,420 It's wastewater relocation and abandonment. 41 00:01:48,420 --> 00:01:52,320 It's a textile is coming in and widening FM 1515, 42 00:01:52,320 --> 00:01:55,220 so they've asked us to get our utilities out of their way. 43 00:01:56,240 --> 00:01:57,400 And this is gonna go from Bonnie Bray 44 00:01:57,400 --> 00:01:58,400 all the way to Mosh Branch, 45 00:01:58,400 --> 00:02:01,140 so almost all of Airport Road to the airport. 46 00:02:01,140 --> 00:02:04,520 And here's our project estimates. 47 00:02:04,520 --> 00:02:07,800 I'll give you a moment to kinda read through that 48 00:02:07,800 --> 00:02:08,640 for a moment. 49 00:02:08,640 --> 00:02:17,600 You have questions on this, sir? 50 00:02:17,600 --> 00:02:21,440 - So the scope of the project was something 51 00:02:21,440 --> 00:02:24,320 that was mandated by Texas DOT? 52 00:02:24,320 --> 00:02:25,140 - Yes, sir. 53 00:02:26,160 --> 00:02:28,440 - Well, not the full scope, the general relocation, 54 00:02:28,440 --> 00:02:30,960 and so the city took it upon ourselves 55 00:02:30,960 --> 00:02:33,880 to include some betterment in this project. 56 00:02:33,880 --> 00:02:36,700 So as we're moving, let's go ahead and upsize the pipes 57 00:02:36,700 --> 00:02:38,920 as we go for future development. 58 00:02:38,920 --> 00:02:42,160 - Okay, so this project was partially mandated 59 00:02:42,160 --> 00:02:46,000 by Texas DOT requirements for changes to the freeway. 60 00:02:46,000 --> 00:02:48,080 So what portion belongs to the city 61 00:02:48,080 --> 00:02:53,100 and what exactly is the city proposing to do 62 00:02:53,100 --> 00:02:54,800 and is that part of some other work 63 00:02:54,800 --> 00:02:57,280 that had previously been planned? 64 00:02:57,280 --> 00:02:58,560 - No, the work wouldn't have been planned 65 00:02:58,560 --> 00:03:00,360 until Texas DOT approached us to move. 66 00:03:00,360 --> 00:03:02,960 So the city just took it upon ourselves 67 00:03:02,960 --> 00:03:04,080 to include the betterment. 68 00:03:04,080 --> 00:03:05,920 And it looks like on this slide, 69 00:03:05,920 --> 00:03:10,180 our net reimbursement for this project is $25,000. 70 00:03:10,180 --> 00:03:14,960 So most of this is betterment for this project 71 00:03:14,960 --> 00:03:17,400 'cause we were able to stay in Texas DOT right away 72 00:03:17,400 --> 00:03:18,520 for a lot of this. 73 00:03:18,520 --> 00:03:19,800 And so there were minimal-- 74 00:03:19,800 --> 00:03:21,600 - I'm sorry, could you say that again? 75 00:03:21,600 --> 00:03:23,880 - We were able to stay in part of Texas DOT right away 76 00:03:23,880 --> 00:03:25,400 for a lot of this project, 77 00:03:25,400 --> 00:03:27,600 but we still needed to move within that right away. 78 00:03:27,600 --> 00:03:29,640 So while moving, we're gonna go ahead 79 00:03:29,640 --> 00:03:31,800 and issue the betterment and upsize pipes. 80 00:03:31,800 --> 00:03:35,120 - Okay, so what are the additional benefits 81 00:03:35,120 --> 00:03:38,600 that the city is providing in this project? 82 00:03:38,600 --> 00:03:40,840 - Utility betterment. 83 00:03:40,840 --> 00:03:44,520 And so after the FM 1515 project by Texas DOT, 84 00:03:44,520 --> 00:03:46,760 the city will take over FM 1515. 85 00:03:46,760 --> 00:03:50,200 - It's Airport Road. 86 00:03:50,200 --> 00:03:51,320 - Airport Road, yes, sir. 87 00:03:51,320 --> 00:03:52,860 - I'm sorry, I don't think I quite caught that. 88 00:03:52,860 --> 00:03:54,200 I apologize. 89 00:03:54,200 --> 00:03:56,940 - So Texas DOT is going to redo and widen the road. 90 00:03:56,940 --> 00:04:00,560 And once Texas DOT, similar to the Elm and Locust projects, 91 00:04:00,560 --> 00:04:02,840 once Texas DOT is done with the road maintenance 92 00:04:02,840 --> 00:04:04,760 and widening, the city will take over maintenance 93 00:04:04,760 --> 00:04:07,680 of that road and it will become a city of Denton Road. 94 00:04:07,680 --> 00:04:10,560 - Okay, so the maintenance, the additional maintenance 95 00:04:10,560 --> 00:04:13,000 isn't included in this project, is that correct? 96 00:04:13,000 --> 00:04:13,980 - Correct, yes, sir. 97 00:04:13,980 --> 00:04:16,080 - Okay, so how much additional maintenance 98 00:04:16,080 --> 00:04:18,140 will the city be on the hook for? 99 00:04:18,140 --> 00:04:20,000 - That would have to be a streets department question, 100 00:04:20,000 --> 00:04:22,720 but I'd be happy to get some schematic numbers for you 101 00:04:22,720 --> 00:04:23,880 and it may take a little bit of time 102 00:04:23,880 --> 00:04:25,360 to get that from the streets department, 103 00:04:25,360 --> 00:04:27,440 but I'd be happy to look into that for you. 104 00:04:27,440 --> 00:04:30,240 - Okay, I would request to get that information. 105 00:04:30,240 --> 00:04:32,960 Those are my questions. 106 00:04:32,960 --> 00:04:37,960 - Okay, additionally, this net reimbursement to utility 107 00:04:37,960 --> 00:04:41,640 was not listed in the agenda item. 108 00:04:41,640 --> 00:04:42,480 - Yes, sir. 109 00:04:42,480 --> 00:04:44,800 - It was also not apparent, didn't track back 110 00:04:44,800 --> 00:04:49,800 to the whole, the contract award and all that. 111 00:04:49,800 --> 00:04:52,480 And so there was a few questions that we had 112 00:04:52,480 --> 00:04:57,480 and just the item wasn't evident on the information 113 00:04:57,480 --> 00:05:00,020 that you've discussed. 114 00:05:00,020 --> 00:05:00,860 - Understood. 115 00:05:00,860 --> 00:05:07,000 - I guess my question would be, was there, 116 00:05:07,000 --> 00:05:09,960 was there a, I forget the name of those agreements, 117 00:05:09,960 --> 00:05:14,960 were the repurchase when TechStop basically gives money 118 00:05:14,960 --> 00:05:17,420 for us to take over the road? 119 00:05:17,420 --> 00:05:18,260 - Yes, sir. 120 00:05:18,260 --> 00:05:19,360 - Like we get on McKinney Street? 121 00:05:19,360 --> 00:05:21,320 - The AFF, I believe. 122 00:05:21,320 --> 00:05:23,280 - Did we get a dollar on that? 123 00:05:23,280 --> 00:05:25,680 - No, we, on these projects, they've asked us 124 00:05:25,680 --> 00:05:27,800 to do the standard utility agreements 125 00:05:27,800 --> 00:05:29,680 for reimbursement after the facts 126 00:05:29,680 --> 00:05:32,640 'cause costs are pretty fluid on these projects. 127 00:05:32,640 --> 00:05:34,560 As issues come up, we don't wanna, 128 00:05:34,560 --> 00:05:37,200 we'd rather have reimbursed for the exact amount. 129 00:05:37,200 --> 00:05:40,740 - So what exactly was $25,000 gonna buy us? 130 00:05:40,740 --> 00:05:41,840 - Easement. 131 00:05:41,840 --> 00:05:42,960 - Just the-- - Easement. 132 00:05:42,960 --> 00:05:44,160 - Okay, that's pretty-- - Yes, sir. 133 00:05:44,160 --> 00:05:45,000 - That's pretty cheap. 134 00:05:45,000 --> 00:05:46,760 - Yeah, we had to buy I think 400 square feet 135 00:05:46,760 --> 00:05:48,360 of wastewater easement. 136 00:05:48,360 --> 00:05:49,880 - That's it, just for that turn there, 137 00:05:49,880 --> 00:05:50,720 is that what it was? 138 00:05:50,720 --> 00:05:51,840 - Yes. - Yeah, right there? 139 00:05:51,840 --> 00:05:52,680 - Yes, sir. 140 00:05:52,680 --> 00:05:53,500 - I know what you're talking about. 141 00:05:53,500 --> 00:05:54,340 - Yes, sir. 142 00:05:54,340 --> 00:05:55,180 - Okay. 143 00:05:55,180 --> 00:05:58,560 All right, any other questions? 144 00:05:58,560 --> 00:05:59,400 Mr. Ray. - Yes, sir. 145 00:05:59,400 --> 00:06:00,240 - Thank you. 146 00:06:00,240 --> 00:06:01,240 When you were talking about the, 147 00:06:01,240 --> 00:06:04,800 you said utility improvements. 148 00:06:04,800 --> 00:06:05,640 Did I get that right? 149 00:06:05,640 --> 00:06:06,640 - Yes, sir. 150 00:06:06,640 --> 00:06:08,400 - Tell me what that is. 151 00:06:08,400 --> 00:06:10,960 - Basically, water and wastewater pipes, 152 00:06:10,960 --> 00:06:12,520 if you've got an eight inch right now 153 00:06:12,520 --> 00:06:14,400 and we have a lot of future development coming in, 154 00:06:14,400 --> 00:06:16,880 we may upsize that to a 12 or 16 inch. 155 00:06:16,880 --> 00:06:20,280 - But not, thank you, but not necessarily moving 156 00:06:20,280 --> 00:06:21,640 or will those pipes then be, 157 00:06:21,640 --> 00:06:23,640 are they gonna be moved because of the widening? 158 00:06:23,640 --> 00:06:26,480 So that's what's part of this. 159 00:06:26,480 --> 00:06:27,300 - Yes, sir. 160 00:06:27,300 --> 00:06:28,400 - Your incentive to do this 161 00:06:28,400 --> 00:06:30,240 and so you were using the money to do that. 162 00:06:30,240 --> 00:06:32,000 - Yes, sir, that's correct. 163 00:06:32,000 --> 00:06:32,840 - Thank you. 164 00:06:32,840 --> 00:06:36,600 - Just to follow up, excuse me. 165 00:06:36,600 --> 00:06:37,440 - Yes, sir. 166 00:06:37,440 --> 00:06:40,880 - Normally, if we had to move our utilities 167 00:06:40,880 --> 00:06:43,120 due to a textile widening, 168 00:06:43,120 --> 00:06:46,040 they would have to pay us reimburses for the moving. 169 00:06:46,040 --> 00:06:48,320 But I'm gonna assume that this case 170 00:06:48,320 --> 00:06:52,680 is because we wanted to move those utilities, 171 00:06:52,680 --> 00:06:56,400 we wanted them to pay for the betterment of that road. 172 00:06:56,400 --> 00:06:57,240 - That's a little bit of it, 173 00:06:57,240 --> 00:06:59,800 but mostly we were able to stay in the right-of-way 174 00:06:59,800 --> 00:07:00,680 for a big portion of it. 175 00:07:00,680 --> 00:07:03,100 A lot of times, the reimbursement is triggered 176 00:07:03,100 --> 00:07:05,600 by having to move out of the textile right-of-way. 177 00:07:05,600 --> 00:07:06,640 - All right, so the rest of the right-of-way 178 00:07:06,640 --> 00:07:11,080 was acquired through textiles doing. 179 00:07:11,080 --> 00:07:12,080 - Yes, sir, that's correct. 180 00:07:12,080 --> 00:07:13,040 - All right, okay. 181 00:07:13,040 --> 00:07:14,180 All right, very good. 182 00:07:14,180 --> 00:07:16,280 Anymore? 183 00:07:17,240 --> 00:07:18,600 - I have a question. 184 00:07:18,600 --> 00:07:21,520 We approve this, does that, 185 00:07:21,520 --> 00:07:25,020 do we keep this at bay until you get your information, 186 00:07:25,020 --> 00:07:26,840 or what is our procedure here? 187 00:07:26,840 --> 00:07:30,240 - It goes to council and then council will approve it. 188 00:07:30,240 --> 00:07:33,940 - But I mean, you were asking for additional feedback. 189 00:07:33,940 --> 00:07:37,640 Is that necessary for, do you need that for your vote? 190 00:07:37,640 --> 00:07:38,840 - It's not necessary to me. 191 00:07:38,840 --> 00:07:40,720 I'm willing to get it after the fact. 192 00:07:40,720 --> 00:07:42,560 - And that's all, I was just a little confused 193 00:07:42,560 --> 00:07:43,400 as to where we were. - That's a good question. 194 00:07:43,400 --> 00:07:45,060 I should have thought of it at the time, thank you. 195 00:07:45,060 --> 00:07:47,920 - And I think, board, I think that that particular item 196 00:07:47,920 --> 00:07:50,740 will come back to you as a separate action item 197 00:07:50,740 --> 00:07:53,800 once that, once we're ready to move forward 198 00:07:53,800 --> 00:07:55,680 with taking that over. 199 00:07:55,680 --> 00:07:57,960 Usually there's an agreement as well on that. 200 00:07:57,960 --> 00:07:59,760 - That would be acceptable, thank you. 201 00:07:59,760 --> 00:08:04,120 - Okay, all right. 202 00:08:04,120 --> 00:08:07,720 There are no more questions. 203 00:08:07,720 --> 00:08:10,560 All those in favor of this item, please say aye. 204 00:08:10,560 --> 00:08:11,480 - Aye. - Aye. 205 00:08:11,480 --> 00:08:12,920 Any opposed, sign the same. 206 00:08:14,520 --> 00:08:15,960 We didn't do that, did we? 207 00:08:15,960 --> 00:08:17,680 Sorry about that. 208 00:08:17,680 --> 00:08:20,940 We'll entertain a motion before we take a vote 209 00:08:20,940 --> 00:08:22,120 to approve this item. 210 00:08:22,120 --> 00:08:26,960 Thank you, we have a motion. 211 00:08:26,960 --> 00:08:28,360 - Second. - We have a second. 212 00:08:28,360 --> 00:08:29,960 All those in favor, please say aye. 213 00:08:29,960 --> 00:08:30,800 - Aye. 214 00:08:30,800 --> 00:08:32,120 - Any opposed, sign the same. 215 00:08:32,120 --> 00:08:34,820 Passes unanimously, item F, similar. 216 00:08:34,820 --> 00:08:39,820 - Board members, Aaron Skinner, senior project manager, 217 00:08:39,820 --> 00:08:41,440 Capital Projects. 218 00:08:41,440 --> 00:08:43,600 So very similar process to the last one, 219 00:08:43,600 --> 00:08:45,300 a little bit of a larger project. 220 00:08:45,300 --> 00:08:50,880 And so this one is out on I-35, north of Loop 288, 221 00:08:50,880 --> 00:08:52,320 almost all the way to Sanger. 222 00:08:52,320 --> 00:08:59,440 And here's the meat and potatoes of that one 223 00:08:59,440 --> 00:09:02,040 with a much higher reimbursement for this one. 224 00:09:02,040 --> 00:09:05,400 I'll let you guys kind of read over that 225 00:09:05,400 --> 00:09:06,960 and any questions on this, yes, sir. 226 00:09:06,960 --> 00:09:09,280 - Could you go back to the photograph? 227 00:09:11,240 --> 00:09:15,520 - Okay, there appear to be some highlighted items there 228 00:09:15,520 --> 00:09:18,440 on the north side of the road, 229 00:09:18,440 --> 00:09:20,440 or west side of the, east side of the road. 230 00:09:20,440 --> 00:09:25,440 Are those the locations of the lift station? 231 00:09:25,440 --> 00:09:26,920 - Mr. Rybeck, I'm gonna be honest with you, 232 00:09:26,920 --> 00:09:29,900 as I look at this photo, this is not a photo of this project. 233 00:09:29,900 --> 00:09:30,740 (laughing) 234 00:09:30,740 --> 00:09:32,000 That is Fort Worth Drive. 235 00:09:32,000 --> 00:09:35,680 - Oh, that's the previous, that's the same photo. 236 00:09:35,680 --> 00:09:36,520 - Yes, yeah. 237 00:09:36,520 --> 00:09:37,340 - I wonder why I was confused. 238 00:09:37,340 --> 00:09:38,180 - My apologies on that. 239 00:09:38,180 --> 00:09:39,020 Yeah. 240 00:09:39,020 --> 00:09:39,860 (laughing) 241 00:09:39,860 --> 00:09:44,320 We did a relocation program on this site last year, 242 00:09:44,320 --> 00:09:45,280 but my apologies. 243 00:09:45,280 --> 00:09:46,120 Yes, sir. 244 00:09:46,120 --> 00:09:46,940 - Yeah, it kind of makes my point. 245 00:09:46,940 --> 00:09:49,120 - I would really like them to see 246 00:09:49,120 --> 00:09:51,480 where this actually is going 247 00:09:51,480 --> 00:09:53,720 and where these facilities are gonna be located 248 00:09:53,720 --> 00:09:55,980 vis-a-vis the road work. 249 00:09:55,980 --> 00:09:57,680 - Sure, so the lift station itself 250 00:09:57,680 --> 00:10:00,280 is gonna go by the TA truck stop. 251 00:10:00,280 --> 00:10:05,280 And so, and then the lines run pretty much 252 00:10:05,280 --> 00:10:08,680 on the east side of I-35 and the west side. 253 00:10:08,680 --> 00:10:10,440 The west side goes behind some properties, 254 00:10:10,440 --> 00:10:12,120 so there's a little bit of a longer run. 255 00:10:12,120 --> 00:10:15,560 It doesn't just run along the access road on the west side 256 00:10:15,560 --> 00:10:17,460 due to some other property issues. 257 00:10:17,460 --> 00:10:21,600 - I'm not sure that I can visualize that properly. 258 00:10:21,600 --> 00:10:23,440 (laughing) 259 00:10:23,440 --> 00:10:24,280 Go ahead. 260 00:10:24,280 --> 00:10:28,440 - Is that also tying into that large residential subdivision 261 00:10:28,440 --> 00:10:29,280 being built there? - Yes, sir. 262 00:10:29,280 --> 00:10:30,100 Absolutely. 263 00:10:30,100 --> 00:10:32,160 - Is that the catalyst that's creating this, or no? 264 00:10:32,160 --> 00:10:33,560 We just, it happens to be there. 265 00:10:33,560 --> 00:10:35,120 - That's part of it, yes, sir. 266 00:10:35,120 --> 00:10:35,940 - Okay. 267 00:10:35,940 --> 00:10:37,740 - The widening of TexDOT, TexDOT's widening 268 00:10:37,740 --> 00:10:39,180 has a lot to do with this, right? 269 00:10:39,180 --> 00:10:40,020 - Yes, sir. 270 00:10:40,020 --> 00:10:44,680 - It's a $650 million project, 271 00:10:44,680 --> 00:10:48,480 right beside of what, $125 million project? 272 00:10:48,480 --> 00:10:49,960 - Yes, sir. 273 00:10:49,960 --> 00:10:51,100 - Yeah, Aaron, I don't know if this, 274 00:10:51,100 --> 00:10:51,940 I mean, this is a customary-- 275 00:10:51,940 --> 00:10:53,440 - Mr. Aaron, can you answer some questions on that? 276 00:10:53,440 --> 00:10:54,620 - Sure, I'm on up. 277 00:10:54,620 --> 00:11:00,480 - Gonna answer some questions. 278 00:11:00,480 --> 00:11:02,720 David Brown, Water Utility Project Manager. 279 00:11:02,720 --> 00:11:06,400 Actually, there's gonna be a lift station at Ganja Road 280 00:11:06,400 --> 00:11:08,720 right there at, right there at 35, 281 00:11:08,720 --> 00:11:11,880 and that's gonna take any flows from the new development. 282 00:11:11,880 --> 00:11:14,560 And what this also did was, this was called a, 283 00:11:14,560 --> 00:11:19,400 Mylam, I can't remember the name of the total project, 284 00:11:19,400 --> 00:11:24,240 but it actually got rid of two lift stations at the, 285 00:11:24,240 --> 00:11:27,520 one at the TA truck stop and one that was there 286 00:11:27,520 --> 00:11:29,860 on Bartol Road. 287 00:11:29,860 --> 00:11:32,160 Used to be where the, I'm dating myself, 288 00:11:32,160 --> 00:11:35,360 where the truck stop was there before the Loves. 289 00:11:35,360 --> 00:11:38,800 So in this project, we're getting rid of two lift stations 290 00:11:38,800 --> 00:11:42,960 and actually going a larger gravity line along 35 291 00:11:42,960 --> 00:11:47,920 and going into one regional lift station at Ganja, 292 00:11:47,920 --> 00:11:50,920 be the Mylam lift station, and we refer to that 293 00:11:50,920 --> 00:11:53,280 because of the creek up there at Mylam Creek. 294 00:11:53,280 --> 00:11:56,120 And then once we're able to put in our Clear Creek 295 00:11:56,120 --> 00:11:59,060 Interceptor, that lift station is actually gonna pump 296 00:11:59,060 --> 00:12:01,120 into the new Clear Creek Interceptor 297 00:12:01,120 --> 00:12:05,120 and be able to flow wastewater that way. 298 00:12:05,120 --> 00:12:07,920 But for right now, this project is actually gonna come back 299 00:12:07,920 --> 00:12:09,220 to town, that's what we call it, 300 00:12:09,220 --> 00:12:11,160 back into Pecan Creek Interceptor 301 00:12:11,160 --> 00:12:14,840 until we get Clear Creek Interceptor built. 302 00:12:14,840 --> 00:12:18,040 So it affords us availability to get them those, 303 00:12:18,040 --> 00:12:21,640 that new development service in a quicker fashion, so. 304 00:12:21,640 --> 00:12:26,800 - I do appreciate your better description 305 00:12:26,800 --> 00:12:30,240 of the project's location and scope. 306 00:12:30,240 --> 00:12:32,740 Is there any reason that the presentation 307 00:12:32,740 --> 00:12:35,520 did not include an appropriate photograph 308 00:12:35,520 --> 00:12:37,000 or map of the area? 309 00:12:37,000 --> 00:12:39,340 - I wasn't in part of the presentation, sir. 310 00:12:39,340 --> 00:12:43,880 But we can get you a map and display 311 00:12:43,880 --> 00:12:46,480 of what this project entails. 312 00:12:46,480 --> 00:12:49,560 - I would really appreciate that because I feel stupid 313 00:12:49,560 --> 00:12:51,120 now that I didn't realize it was stock photo, 314 00:12:51,120 --> 00:12:53,760 so I'm looking at that going, that doesn't look right. 315 00:12:53,760 --> 00:12:57,620 - So we're also doing water and wastewater improvements 316 00:12:57,620 --> 00:13:00,280 on the project along 35 there that better meant. 317 00:13:00,280 --> 00:13:02,600 So again, some service out there 318 00:13:02,600 --> 00:13:04,500 where we didn't have adequate service. 319 00:13:04,500 --> 00:13:09,520 - Yeah, member Rebecca, I mean, Aaron, 320 00:13:09,520 --> 00:13:11,440 I don't know if we can pull up a Google Maps up here 321 00:13:11,440 --> 00:13:12,760 and show them the general area 322 00:13:12,760 --> 00:13:14,520 to see if maybe that would be helpful. 323 00:13:14,520 --> 00:13:15,480 Would you like that? 324 00:13:15,480 --> 00:13:17,020 - I would very much appreciate that. 325 00:13:17,020 --> 00:13:19,380 - Okay, take a moment. 326 00:13:19,380 --> 00:13:25,220 I got you, Rob, I see you over there. 327 00:13:32,600 --> 00:13:34,680 (typing) 328 00:13:34,680 --> 00:13:57,240 All right, Mr. Ryback, we're looking, 329 00:13:57,240 --> 00:13:59,080 so you've got loop 288, I don't know, 330 00:13:59,080 --> 00:14:01,040 yeah, the cursor's showing up here. 331 00:14:01,040 --> 00:14:04,280 - There's Mylam Creek. - It's coming all the way up 332 00:14:04,280 --> 00:14:09,280 here and on this side, coming back down. 333 00:14:09,280 --> 00:14:13,660 - Okay, so the road you indicated, is that Mylam? 334 00:14:13,660 --> 00:14:15,440 - Let me get the satellite on there. 335 00:14:15,440 --> 00:14:17,040 - Mylam Creek Branch Road. 336 00:14:17,040 --> 00:14:22,780 - Mylam East, yeah. - Yep. 337 00:14:22,780 --> 00:14:24,360 - Okay. - Yes, sir. 338 00:14:24,360 --> 00:14:25,880 - Okay, this makes a lot more sense. 339 00:14:25,880 --> 00:14:28,240 Thank you, please continue. - Apologies, yes, sir. 340 00:14:29,520 --> 00:14:31,880 - So would you like to go back to the slides 341 00:14:31,880 --> 00:14:33,560 or keep on this description here? 342 00:14:33,560 --> 00:14:36,180 - I'm sorry, say again. 343 00:14:36,180 --> 00:14:37,840 - Would you like to go back to the slideshow 344 00:14:37,840 --> 00:14:40,500 or would you like to keep talking about the map? 345 00:14:40,500 --> 00:14:44,060 - So are all the facilities near this intersection? 346 00:14:44,060 --> 00:14:47,980 - Yes, sir, so from here down by the loop, 347 00:14:47,980 --> 00:14:51,000 all up I-35 and the lift station being up in this general. 348 00:14:51,000 --> 00:14:55,000 - So that whole section is going to be replaced? 349 00:14:55,000 --> 00:14:56,640 - Yes, sir, on both sides of the intersection. 350 00:14:56,640 --> 00:14:58,680 - Relocated, excuse me. - Pretty much already done. 351 00:14:58,680 --> 00:15:02,800 - Yeah, and Aaron, this one is in progress right now. 352 00:15:02,800 --> 00:15:04,400 - Aaron and David, can you guys point out 353 00:15:04,400 --> 00:15:06,520 where the two lift stations are now, 354 00:15:06,520 --> 00:15:08,800 where the other one's gonna be located? 355 00:15:08,800 --> 00:15:18,960 - So in all actuality, the lift station's gonna be here. 356 00:15:18,960 --> 00:15:24,240 And, oh, I'm sorry, it's gonna be here at Ganser, my bad. 357 00:15:24,240 --> 00:15:27,400 So it's gonna be at Ganser and what's going on 358 00:15:27,400 --> 00:15:32,400 is beforehand we had a lift station here by the TA, 359 00:15:32,400 --> 00:15:35,120 a lift station over here by the, 360 00:15:35,120 --> 00:15:36,560 used to be the Border Cowboy. 361 00:15:36,560 --> 00:15:39,640 I'm dating myself, but the Border Cowboy. 362 00:15:39,640 --> 00:15:42,360 And so it would, yeah. 363 00:15:42,360 --> 00:15:43,760 - It's got you all right. 364 00:15:43,760 --> 00:15:46,600 - And so what we were able to do 365 00:15:46,600 --> 00:15:51,440 because of the 35 being widened 366 00:15:51,440 --> 00:15:53,240 and we were able to actually get rid 367 00:15:53,240 --> 00:15:57,640 of a lift station here, lift station here, 368 00:15:57,640 --> 00:16:01,320 there was a approach to go a larger pipe 369 00:16:01,320 --> 00:16:05,280 so we can get a grade to go gravity 370 00:16:05,280 --> 00:16:07,600 all the way to this location. 371 00:16:07,600 --> 00:16:09,640 Gravity here across the road, 372 00:16:09,640 --> 00:16:12,440 and then a lift station here, 373 00:16:12,440 --> 00:16:14,880 and actually we'll have a force main 374 00:16:14,880 --> 00:16:18,400 that comes back to Pecan Creek, 375 00:16:18,400 --> 00:16:21,920 our initial, where we're gonna initially take the flows. 376 00:16:21,920 --> 00:16:23,400 And then once, like I said, 377 00:16:23,400 --> 00:16:28,280 once we have our Pecan Creek Interceptor completed, 378 00:16:28,280 --> 00:16:31,880 then we'll be able to pump it over there 379 00:16:31,880 --> 00:16:35,160 and take it to Clear Creek. 380 00:16:35,160 --> 00:16:38,520 - Okay. 381 00:16:38,520 --> 00:16:39,360 Well, thank you. 382 00:16:39,360 --> 00:16:41,600 That makes a lot more sense than what we got 383 00:16:41,600 --> 00:16:43,400 that information that we had, 384 00:16:43,400 --> 00:16:45,640 which other than the photograph was. 385 00:16:45,640 --> 00:16:50,800 - And what it is, it lets us, 386 00:16:50,800 --> 00:16:53,160 it's just a good opportunity for us 387 00:16:53,160 --> 00:16:54,400 to get rid of lift stations, 388 00:16:54,400 --> 00:16:57,400 which are a big maintenance issue. 389 00:16:57,400 --> 00:17:00,400 And so when we go gravity, 390 00:17:00,400 --> 00:17:03,240 that's always, that's a win-win situation 391 00:17:03,240 --> 00:17:04,880 as far as maintenance for its cost. 392 00:17:04,880 --> 00:17:07,840 And we have one regional solution there for a lift station. 393 00:17:07,840 --> 00:17:10,840 - Well, that certainly makes good sense. 394 00:17:10,840 --> 00:17:14,880 And I would appreciate in the future, 395 00:17:14,880 --> 00:17:17,960 if you would provide us with that kind of visual data. 396 00:17:17,960 --> 00:17:18,800 - Sure. 397 00:17:18,800 --> 00:17:21,600 - Simple map, locations, what comes out, 398 00:17:21,600 --> 00:17:23,840 what goes in, what's moved. 399 00:17:23,840 --> 00:17:25,920 You're increasing the size of the line. 400 00:17:25,920 --> 00:17:27,600 Things like that would be very helpful 401 00:17:27,600 --> 00:17:30,640 'cause I'm always nervous about just consenting 402 00:17:30,640 --> 00:17:34,480 to five and seven and $8 million items, 403 00:17:34,480 --> 00:17:35,880 even though they may make good sense. 404 00:17:35,880 --> 00:17:37,760 And a great deal of work has gone into the planning 405 00:17:37,760 --> 00:17:40,240 and preparation of getting to the point 406 00:17:40,240 --> 00:17:41,600 of having the project. 407 00:17:41,600 --> 00:17:45,800 You're asking us to approve and I'm looking at it. 408 00:17:45,800 --> 00:17:47,680 You could see, I was looking at MapCon, 409 00:17:47,680 --> 00:17:49,360 this doesn't make any sense. 410 00:17:49,360 --> 00:17:51,000 'Cause it wasn't a map, it was a photograph. 411 00:17:51,000 --> 00:17:53,640 And unfortunately, it was a photograph from the other one. 412 00:17:53,640 --> 00:17:56,760 So appreciate a little bit more detailed information 413 00:17:56,760 --> 00:17:58,760 in the future for this type of project. 414 00:17:58,760 --> 00:17:59,600 - Yes, sir. 415 00:17:59,600 --> 00:18:00,420 - Would have been easier to say, 416 00:18:00,420 --> 00:18:02,200 "Yes, let's just go ahead with it." 417 00:18:02,200 --> 00:18:05,480 If the information visually and as written 418 00:18:05,480 --> 00:18:07,120 made a little more sense. 419 00:18:07,120 --> 00:18:09,360 - I can get you to get that as soon as possible to you. 420 00:18:09,360 --> 00:18:10,200 All right? 421 00:18:10,200 --> 00:18:11,020 - Thank you. 422 00:18:11,020 --> 00:18:11,860 - Thanks. 423 00:18:11,860 --> 00:18:13,760 Is there any more questions on this map before we change? 424 00:18:13,760 --> 00:18:14,720 I know you've got a question. 425 00:18:14,720 --> 00:18:15,560 - I do. 426 00:18:15,560 --> 00:18:16,380 - Is it on this map? 427 00:18:16,380 --> 00:18:17,220 - Yes. - Okay. 428 00:18:17,220 --> 00:18:18,060 - Clear, oh, thank you. 429 00:18:18,060 --> 00:18:20,840 Clear Creek is the east of all this, is it not? 430 00:18:20,840 --> 00:18:21,660 - Yes, sir. 431 00:18:21,660 --> 00:18:22,760 It's over in this location. 432 00:18:22,760 --> 00:18:23,600 - Okay. 433 00:18:23,600 --> 00:18:28,040 So then the lift station at Ganzer Road, 434 00:18:28,040 --> 00:18:32,280 then will it be a dual purpose going towards Pecan 435 00:18:32,280 --> 00:18:33,560 and to Clear Creek? 436 00:18:33,560 --> 00:18:35,320 Or are you gonna take everything up to Clear Creek 437 00:18:35,320 --> 00:18:40,320 and then that line that was going down to the truck stop, 438 00:18:40,320 --> 00:18:44,200 it's still in effect, but it doesn't need a lift station? 439 00:18:44,200 --> 00:18:48,120 - Well, from, so it's kind of, 440 00:18:48,120 --> 00:18:49,480 if you look at it, it kind of, 441 00:18:49,480 --> 00:18:52,800 it goes actually gravity to the north, 442 00:18:52,800 --> 00:18:54,200 which I know that's kind of- 443 00:18:54,200 --> 00:18:55,240 - That's right. 444 00:18:55,240 --> 00:18:56,960 - But we were able to use a larger line 445 00:18:56,960 --> 00:19:00,920 to get the slope that we needed to get to Ganzer. 446 00:19:00,920 --> 00:19:05,040 And then it goes over across the road to the lift station. 447 00:19:05,040 --> 00:19:07,640 And initially, because the flows are smaller, 448 00:19:07,640 --> 00:19:10,400 we're able to put a force main there that is smaller 449 00:19:10,400 --> 00:19:13,760 to get down to Pecan Creek interceptor. 450 00:19:13,760 --> 00:19:17,880 Pecan Creek area, which is the north part of town there. 451 00:19:17,880 --> 00:19:20,240 And then once Clear Creek is in 452 00:19:20,240 --> 00:19:23,560 and where you have a facility for Clear Creek, 453 00:19:23,560 --> 00:19:27,320 we'll be able to just switch it over to Clear Creek. 454 00:19:27,320 --> 00:19:30,920 It certainly doesn't mean that we can't have the advantage 455 00:19:30,920 --> 00:19:35,440 of if there is an issue, we can pump back to Pecan 456 00:19:35,440 --> 00:19:37,560 if we needed to split those flows. 457 00:19:37,560 --> 00:19:39,000 - Okay, so it could be split. 458 00:19:39,000 --> 00:19:41,280 Okay, and then I'm through with that slide also. 459 00:19:41,280 --> 00:19:42,120 Thank you. 460 00:19:42,120 --> 00:19:43,040 - Okay, thanks. 461 00:19:44,760 --> 00:19:45,840 - So I have another question. 462 00:19:45,840 --> 00:19:46,680 - Yes, no? 463 00:19:46,680 --> 00:19:48,040 - Not on that slide, but on- 464 00:19:48,040 --> 00:19:48,880 - The reimbursement slide? 465 00:19:48,880 --> 00:19:49,720 - Reimbursement. 466 00:19:49,720 --> 00:19:50,560 - Okay. 467 00:19:50,560 --> 00:19:52,440 - Is the numbers that we're looking for, 468 00:19:52,440 --> 00:19:55,640 that is for the Ganzer to the truck stop, 469 00:19:55,640 --> 00:19:59,520 the lift station to Clear Creek, 470 00:19:59,520 --> 00:20:02,240 we're not there yet for numbers or anything, 471 00:20:02,240 --> 00:20:03,400 is that correct? 472 00:20:03,400 --> 00:20:04,240 - No, sir, these- 473 00:20:04,240 --> 00:20:07,600 - This has nothing to do with that. 474 00:20:07,600 --> 00:20:09,320 - On which part, sorry? 475 00:20:09,320 --> 00:20:12,360 - This $6 million has nothing to do with, 476 00:20:12,360 --> 00:20:16,000 what we are agreeing to here is nothing to do 477 00:20:16,000 --> 00:20:18,600 with what will be the Clear Creek line, 478 00:20:18,600 --> 00:20:20,320 that's down the future, down the road. 479 00:20:20,320 --> 00:20:22,280 - Correct, correct, yes, sir. 480 00:20:22,280 --> 00:20:23,120 - Additional money later. 481 00:20:23,120 --> 00:20:23,940 - Yeah, right. 482 00:20:23,940 --> 00:20:24,780 - Thank you, that's what I was carrying. 483 00:20:24,780 --> 00:20:27,040 - It's part of the whole plan, of course, right? 484 00:20:27,040 --> 00:20:27,860 - Okay. 485 00:20:27,860 --> 00:20:29,640 - All right. 486 00:20:29,640 --> 00:20:36,800 Yeah, I will entertain a motion to approve this item. 487 00:20:36,800 --> 00:20:37,760 - So moved. 488 00:20:37,760 --> 00:20:39,200 - We have a motion. 489 00:20:39,200 --> 00:20:40,280 - Second. 490 00:20:40,280 --> 00:20:41,720 - We have two seconds. 491 00:20:41,720 --> 00:20:42,960 Choose one, Cassie. 492 00:20:42,960 --> 00:20:45,200 Susan, of course. 493 00:20:45,200 --> 00:20:48,600 All those in favor, please say aye. 494 00:20:48,600 --> 00:20:49,440 - Aye. 495 00:20:49,440 --> 00:20:50,880 - Any opposed, sign the same. 496 00:20:50,880 --> 00:20:52,280 Thank you very much. 497 00:20:52,280 --> 00:20:53,200 - Thank you, board. 498 00:20:53,200 --> 00:20:57,160 - All right, we're gonna move on to items 499 00:20:57,160 --> 00:20:59,200 for individual consideration. 500 00:20:59,200 --> 00:21:02,000 First is item A, consider of the approval 501 00:21:02,000 --> 00:21:05,440 of the September 29th, 2025 minutes. 502 00:21:05,440 --> 00:21:10,320 Already have a motion and a second. 503 00:21:10,320 --> 00:21:12,240 All those in favor, please say aye. 504 00:21:12,240 --> 00:21:13,700 - Aye. 505 00:21:13,700 --> 00:21:15,320 - Any opposed? 506 00:21:15,320 --> 00:21:16,480 Passes unanimously. 507 00:21:16,480 --> 00:21:20,240 Item B, consider recommending adoption of orders 508 00:21:20,240 --> 00:21:22,440 of the City of Ditten, considering all matters instant 509 00:21:22,440 --> 00:21:25,440 and related to the issuance sale and delivery 510 00:21:25,440 --> 00:21:28,440 of $11,235,000 in principal amount 511 00:21:28,440 --> 00:21:30,840 of City of Ditten, et cetera. 512 00:21:40,360 --> 00:21:41,180 All right. 513 00:21:41,180 --> 00:21:44,880 - Well, good morning, Chair, members of the board, 514 00:21:44,880 --> 00:21:46,800 Matt Hamilton, ADF Finance. 515 00:21:46,800 --> 00:21:48,760 Here this morning to present 516 00:21:48,760 --> 00:21:51,000 the Texas Water Development Board Utility System 517 00:21:51,000 --> 00:21:52,520 Revenue Bond Ordinance. 518 00:21:52,520 --> 00:21:57,200 So as you may recall, the city entered 519 00:21:57,200 --> 00:22:02,200 into a financing agreement with the Texas Water Development 520 00:22:02,200 --> 00:22:07,200 Board on August 19th. 521 00:22:07,200 --> 00:22:10,960 This is the second year of the financing program 522 00:22:10,960 --> 00:22:15,960 through SWIFT, and the funds for this project 523 00:22:15,960 --> 00:22:20,480 will go toward Ray Roberts Treatment Plant expansion. 524 00:22:20,480 --> 00:22:25,480 The increased treatment capacity will add 20 MGD, 525 00:22:25,480 --> 00:22:31,320 as well as an additional 30 MGD of future capacity. 526 00:22:31,320 --> 00:22:35,080 For a total new treatment capacity of 50 MGD 527 00:22:35,080 --> 00:22:39,960 and a total final combined treatment capacity of 70 MGD. 528 00:22:39,960 --> 00:22:43,900 The expansion is intended to be financed with bonds 529 00:22:43,900 --> 00:22:45,560 through the Texas Water Development Board 530 00:22:45,560 --> 00:22:47,280 sold over five years. 531 00:22:47,280 --> 00:22:52,520 So as I mentioned, this is the second year of the program. 532 00:22:52,520 --> 00:22:56,300 The first issuance was 10.1 million last year. 533 00:22:56,300 --> 00:23:01,300 This year is 11.235 million. 534 00:23:01,300 --> 00:23:04,520 These bonds will be issued at a 30-year term 535 00:23:04,520 --> 00:23:05,880 with reduced interest rates 536 00:23:05,880 --> 00:23:08,800 through the Texas Water Development Board. 537 00:23:08,800 --> 00:23:13,040 The board met on October 2nd to determine rates, 538 00:23:13,040 --> 00:23:18,040 and the city will receive a 14% subsidy. 539 00:23:18,040 --> 00:23:24,360 And this 4.1% estimated borrowing cost, 540 00:23:24,360 --> 00:23:28,140 this was a preliminary cost prior to the October 2nd meeting 541 00:23:28,140 --> 00:23:31,960 just because of the timing of posting the agenda and things. 542 00:23:31,960 --> 00:23:35,720 So the outcome of that meeting with the 14% subsidy, 543 00:23:35,720 --> 00:23:38,680 our rates would be close to 3.32%, 544 00:23:38,680 --> 00:23:42,960 so quite a bit of savings over current market rates. 545 00:23:42,960 --> 00:23:44,120 And the reason for that 546 00:23:44,120 --> 00:23:46,000 is because the Texas Water Development Board 547 00:23:46,000 --> 00:23:48,880 is AAA rated, so when they go to the market 548 00:23:48,880 --> 00:23:50,880 and issue at that AAA rating 549 00:23:50,880 --> 00:23:54,220 versus our utility system at an A plus rating, 550 00:23:54,220 --> 00:23:58,960 we are capturing that interest rate savings 551 00:23:58,960 --> 00:24:02,800 based on the rating of the state program. 552 00:24:02,800 --> 00:24:05,240 - Okay. 553 00:24:05,240 --> 00:24:10,000 - So next steps, this will go to council, 554 00:24:10,000 --> 00:24:12,200 and following council approval, 555 00:24:12,200 --> 00:24:15,700 we will close and deliver on the funds December 3rd. 556 00:24:15,700 --> 00:24:19,240 - All right. - Any questions? 557 00:24:19,240 --> 00:24:21,680 - Mr. Wehmeck. - Yes. 558 00:24:21,680 --> 00:24:26,160 - I'm curious, you referred to the subsidy of 14% 559 00:24:26,160 --> 00:24:29,800 on the rates, so from 4.1 to? 560 00:24:29,800 --> 00:24:37,600 - So the 4.1% was a prior preliminary rate 561 00:24:37,600 --> 00:24:41,000 before the Texas Water Development Board 562 00:24:41,000 --> 00:24:43,360 met on October 2nd. 563 00:24:43,360 --> 00:24:45,400 Once they met on October 2nd 564 00:24:45,400 --> 00:24:48,460 and determined all the participants in the program, 565 00:24:48,460 --> 00:24:53,460 the market rates, as well as the state had set up this fund 566 00:24:53,580 --> 00:24:57,120 and has a pool of cash to subsidize 567 00:24:57,120 --> 00:25:00,520 the participants in the program, 568 00:25:00,520 --> 00:25:04,340 they then determined, based on our 30-year term, 569 00:25:04,340 --> 00:25:08,420 we would be eligible for a 14% subsidy. 570 00:25:08,420 --> 00:25:12,080 So the market rate is, with the subsidy, 571 00:25:12,080 --> 00:25:17,040 will be about 3.3% on average over that 30 years, 572 00:25:17,040 --> 00:25:19,200 which is lower than what we were anticipating 573 00:25:19,200 --> 00:25:20,880 with the 4.1%. 574 00:25:22,720 --> 00:25:25,520 - Isn't that like a 40% reduction or something? 575 00:25:25,520 --> 00:25:26,880 - Well, so a couple things change. 576 00:25:26,880 --> 00:25:28,040 I mean, a couple things changed. 577 00:25:28,040 --> 00:25:31,480 The market changed since this preliminary number, 578 00:25:31,480 --> 00:25:36,480 and we didn't know at the time the subsidy amount as well. 579 00:25:36,480 --> 00:25:41,200 So with the market changes, with that 14% subsidy, 580 00:25:41,200 --> 00:25:43,400 we'll be close to 3.3%. 581 00:25:43,400 --> 00:25:45,080 - Oh, that seems excellent. 582 00:25:45,080 --> 00:25:46,500 - Yeah. - Thank you. 583 00:25:46,500 --> 00:25:50,780 - Any other questions? 584 00:25:53,080 --> 00:25:53,920 All right. 585 00:25:53,920 --> 00:26:00,280 Do we need to take action on this? 586 00:26:00,280 --> 00:26:01,900 No, I just, okay. 587 00:26:01,900 --> 00:26:04,700 All right, we have a motion to approve. 588 00:26:04,700 --> 00:26:07,320 Ms. Parker, we have a second from Mr. Ryback. 589 00:26:07,320 --> 00:26:08,920 All those in favor, please say aye. 590 00:26:08,920 --> 00:26:09,960 - Aye. 591 00:26:09,960 --> 00:26:11,200 - Any opposed? 592 00:26:11,200 --> 00:26:12,500 Passes unanimously. 593 00:26:12,500 --> 00:26:18,020 Item number C, consider recommending adoption of ordinance 594 00:26:18,020 --> 00:26:20,560 to declare the intent to reimburse capital program 595 00:26:20,560 --> 00:26:25,560 expenditures of 109 million for the general government, 596 00:26:25,560 --> 00:26:30,040 of course, for solid waste, 18 million, 249, 597 00:26:30,040 --> 00:26:35,040 and water utility, 55651, and rest of it's on there, okay. 598 00:26:35,040 --> 00:26:38,760 You may get the whole thing, okay. 599 00:26:38,760 --> 00:26:44,800 And the water utility, 55 million, 651,541. 600 00:26:44,800 --> 00:26:49,880 The wastewater utility, 141 million, 892,454, 601 00:26:50,400 --> 00:26:55,400 and the electric utility, 58 million, 434,588, 602 00:26:55,400 --> 00:26:59,120 with tax preferred obligations, certificates of obligation, 603 00:26:59,120 --> 00:27:00,920 and general obligation bonds, 604 00:27:00,920 --> 00:27:04,560 with an aggregate maximum principal amount not to exceed, 605 00:27:04,560 --> 00:27:09,560 383 million, 998,218, and providing an effective date. 606 00:27:09,560 --> 00:27:15,400 - Good morning, Randy Klingle, Treasury Manager. 607 00:27:15,400 --> 00:27:18,360 And I wish I could make that caption shorter too. 608 00:27:18,360 --> 00:27:19,680 All of mine seem to be really long 609 00:27:19,680 --> 00:27:21,440 with a lot of dollar amounts. 610 00:27:21,440 --> 00:27:23,720 So today for you, I have a reimbursement ordinance, 611 00:27:23,720 --> 00:27:26,480 which is the first step of a bond sale 612 00:27:26,480 --> 00:27:29,680 anytime we're gonna have a bond sale in the fiscal year. 613 00:27:29,680 --> 00:27:31,760 And the purpose of the reimbursement ordinance 614 00:27:31,760 --> 00:27:35,160 is for all intensive purposes is for the city 615 00:27:35,160 --> 00:27:39,640 to dedicate and allow and let it be known 616 00:27:39,640 --> 00:27:41,080 that we're gonna reimburse ourselves 617 00:27:41,080 --> 00:27:43,760 with proceeds from a future bond sale 618 00:27:43,760 --> 00:27:45,780 so that the projects can currently get started 619 00:27:45,780 --> 00:27:47,320 if they have cash revenue 620 00:27:47,320 --> 00:27:50,000 that they can start these projects with. 621 00:27:50,000 --> 00:27:54,120 The IRS requires that we make that formal intention 622 00:27:54,120 --> 00:27:57,040 to reimburse ourselves later with those bond proceeds. 623 00:27:57,040 --> 00:27:59,200 We generally sell the bonds 624 00:27:59,200 --> 00:28:00,560 within 12 months of this ordinance. 625 00:28:00,560 --> 00:28:02,880 We like to do it in the same fiscal year. 626 00:28:02,880 --> 00:28:06,280 And the reimbursement is allowed by our city's debt policy. 627 00:28:06,280 --> 00:28:09,160 And just because we do the reimbursement ordinance 628 00:28:09,160 --> 00:28:13,360 also does not mean we need to actually sell all these bonds. 629 00:28:13,360 --> 00:28:16,360 We're not tied to that by doing the reimbursement ordinance. 630 00:28:18,320 --> 00:28:20,840 So for your review, I have the CEO Utilities 631 00:28:20,840 --> 00:28:24,800 Reimbursements Ordinance Summary for the 25-26 year. 632 00:28:24,800 --> 00:28:27,240 This total and this summary are all the projects 633 00:28:27,240 --> 00:28:29,920 that you've already reviewed during the budget process 634 00:28:29,920 --> 00:28:31,320 for the capital improvement plan. 635 00:28:31,320 --> 00:28:32,760 So you've seen all of the projects. 636 00:28:32,760 --> 00:28:34,760 These are all the same ones. 637 00:28:34,760 --> 00:28:37,880 So for solid waste, we have $18.2 million. 638 00:28:37,880 --> 00:28:41,760 Water is 55.6. 639 00:28:41,760 --> 00:28:45,040 Wastewater is 141.8 million. 640 00:28:45,040 --> 00:28:48,240 Electric comes in at 58.4. 641 00:28:48,240 --> 00:28:50,680 With a total for all utilities for solid waste 642 00:28:50,680 --> 00:28:52,520 and what's considered the utility system 643 00:28:52,520 --> 00:28:55,520 with the three utilities is $274,227,583. 644 00:28:55,520 --> 00:29:00,000 Back that up. 645 00:29:00,000 --> 00:29:04,720 274,227,583. 646 00:29:04,720 --> 00:29:06,040 Always a lot of numbers. 647 00:29:06,040 --> 00:29:09,080 So the detailed project list is in exhibit A 648 00:29:09,080 --> 00:29:10,360 in the ordinance if you wanna see 649 00:29:10,360 --> 00:29:11,800 all the detailed line items. 650 00:29:13,640 --> 00:29:16,560 So what will happen next is in April, 651 00:29:16,560 --> 00:29:18,560 we will do a Notice of Intent, 652 00:29:18,560 --> 00:29:21,720 which is also required by the Certificates of Obligation. 653 00:29:21,720 --> 00:29:24,760 We will in May then consider a bond parameters ordinance 654 00:29:24,760 --> 00:29:26,160 which will be the final numbers 655 00:29:26,160 --> 00:29:28,400 that we project out for the bond sale. 656 00:29:28,400 --> 00:29:30,000 And then June will have the bond sale 657 00:29:30,000 --> 00:29:32,680 and then July will have received the actual proceeds 658 00:29:32,680 --> 00:29:34,520 from the final bond sale. 659 00:29:34,520 --> 00:29:37,200 Any questions? 660 00:29:37,200 --> 00:29:40,000 - It's a lot of money. 661 00:29:40,000 --> 00:29:41,120 - Yes, sir. 662 00:29:41,120 --> 00:29:45,880 - So this is just allowing us to sell the bonds 663 00:29:45,880 --> 00:29:48,360 if so chosen by the council? 664 00:29:48,360 --> 00:29:50,280 - Yes, it's allow us to reimburse ourselves 665 00:29:50,280 --> 00:29:53,560 if we spend any money before we actually get the proceeds. 666 00:29:53,560 --> 00:29:55,160 Yes, sir. - Okay. 667 00:29:55,160 --> 00:29:59,600 So this won't actually go into effect until next year? 668 00:29:59,600 --> 00:30:02,920 - This reimbursement ordinance will be effective 669 00:30:02,920 --> 00:30:05,600 when council approves it in a couple of weeks. 670 00:30:05,600 --> 00:30:06,720 I think it's next week. 671 00:30:06,720 --> 00:30:10,880 And then that will just allow us to use any money 672 00:30:10,880 --> 00:30:14,240 on these projects before we actually receive the funds, 673 00:30:14,240 --> 00:30:15,680 which then we'll then reimburse ourselves 674 00:30:15,680 --> 00:30:16,800 with any money that we spent. 675 00:30:16,800 --> 00:30:18,120 So it'll be the fiscal year. - From those funds 676 00:30:18,120 --> 00:30:19,720 which will not actually be issued 677 00:30:19,720 --> 00:30:23,040 until the obligations will be issued until next year? 678 00:30:23,040 --> 00:30:24,120 - It'll be in the same fiscal year, 679 00:30:24,120 --> 00:30:25,920 but yes, 2026 in July. 680 00:30:25,920 --> 00:30:27,160 - Same fiscal year. - Yes. 681 00:30:27,160 --> 00:30:27,980 - Sorry. 682 00:30:27,980 --> 00:30:31,880 Do we have an idea what we think our rates will be 683 00:30:31,880 --> 00:30:34,000 for those bonds next year? 684 00:30:34,000 --> 00:30:34,820 - No. 685 00:30:34,820 --> 00:30:39,720 I would like not to guess. 686 00:30:39,720 --> 00:30:42,960 - I'm curious, I mean, we're getting such a good deal. 687 00:30:42,960 --> 00:30:45,560 (all laughing) 688 00:30:45,560 --> 00:30:47,720 - You're a healthy woman. 689 00:30:47,720 --> 00:30:49,720 We do, they do analyze that. 690 00:30:49,720 --> 00:30:52,240 And whether we work with our bond counselor 691 00:30:52,240 --> 00:30:53,880 and our bond advisory, 692 00:30:53,880 --> 00:30:55,520 we're constantly looking at the market 693 00:30:55,520 --> 00:30:57,280 and they look at the refunding opportunities 694 00:30:57,280 --> 00:30:58,400 and those things. 695 00:30:58,400 --> 00:31:01,240 And so when we do go to market, 696 00:31:01,240 --> 00:31:02,520 we will look at those conditions. 697 00:31:02,520 --> 00:31:03,360 And sometimes-- 698 00:31:03,360 --> 00:31:04,680 - Well, if we were to go to the market now, 699 00:31:04,680 --> 00:31:06,560 what would the rate be? 700 00:31:06,560 --> 00:31:08,720 - You know, I don't even know if I know that right now. 701 00:31:08,720 --> 00:31:10,600 I have not even investigated that. 702 00:31:10,600 --> 00:31:12,420 I don't know if Matt, you have anything? 703 00:31:12,420 --> 00:31:13,520 Current rate might be. 704 00:31:13,520 --> 00:31:21,800 - Yeah, I think we've seen recent rates, 705 00:31:21,800 --> 00:31:27,500 high 3%, low 4% area. 706 00:31:27,500 --> 00:31:33,920 We can pull the data for the most recent bond sale in 2025 707 00:31:33,920 --> 00:31:38,520 and follow up with you in a management report. 708 00:31:38,520 --> 00:31:41,240 Detailing what that cost looked like, 709 00:31:41,240 --> 00:31:44,520 but four to four and a quarter percent 710 00:31:44,520 --> 00:31:47,400 would be pretty typical. 711 00:31:47,400 --> 00:31:48,320 - Okay, I was just curious. 712 00:31:48,320 --> 00:31:50,880 It seems like we're in a rate environment 713 00:31:50,880 --> 00:31:53,560 where there's an expectation they're going to fall. 714 00:31:53,560 --> 00:31:56,040 So I was just curious if we had some thoughts 715 00:31:56,040 --> 00:31:57,120 about where that might be going. 716 00:31:57,120 --> 00:31:58,640 So yes, I'd appreciate that report. 717 00:31:58,640 --> 00:31:59,480 Thank you. 718 00:31:59,480 --> 00:32:00,300 - Sure. 719 00:32:00,300 --> 00:32:01,360 - Thanks. 720 00:32:01,360 --> 00:32:02,200 Mr. Ritter? 721 00:32:02,200 --> 00:32:03,040 No, you got it? 722 00:32:03,040 --> 00:32:03,860 Okay. 723 00:32:03,860 --> 00:32:05,960 All right. 724 00:32:07,840 --> 00:32:09,140 Any more questions? 725 00:32:09,140 --> 00:32:12,420 Not entertain a motion for that big money. 726 00:32:12,420 --> 00:32:17,480 Mr. Newquist and second for Mr. Rapet. 727 00:32:17,480 --> 00:32:20,000 All those in favor, please say aye. 728 00:32:20,000 --> 00:32:20,840 - Aye. 729 00:32:20,840 --> 00:32:22,440 - Any opposed, sign the same. 730 00:32:22,440 --> 00:32:23,780 Thank you, Ms. Taylor. 731 00:32:23,780 --> 00:32:27,240 All right. 732 00:32:27,240 --> 00:32:28,920 Now we're moving on to this calendar. 733 00:32:28,920 --> 00:32:31,240 I believe a meeting schedule. 734 00:32:31,240 --> 00:32:33,600 I believe everybody has a copy of this. 735 00:32:33,600 --> 00:32:35,000 All members do. 736 00:32:35,000 --> 00:32:37,960 If there's any that you want to discuss, 737 00:32:37,960 --> 00:32:40,720 they move the May as usual. 738 00:32:40,720 --> 00:32:42,080 And then we have the holiday, 739 00:32:42,080 --> 00:32:45,320 each holiday that might be a conflict. 740 00:32:45,320 --> 00:32:52,080 - Good morning, PUB members. 741 00:32:52,080 --> 00:32:54,680 I'm going to pull this up for you real quick. 742 00:32:54,680 --> 00:32:56,560 Get a little bigger. 743 00:32:56,560 --> 00:32:57,600 So this morning I have for you 744 00:32:57,600 --> 00:33:01,480 the proposed 2026 PUB meeting schedule. 745 00:33:01,480 --> 00:33:03,520 The meetings will continue to be held 746 00:33:03,520 --> 00:33:06,480 on the second and fourth Mondays of each month, 747 00:33:06,480 --> 00:33:09,720 with the exception of the May, November, 748 00:33:09,720 --> 00:33:11,720 and December meetings, 749 00:33:11,720 --> 00:33:15,200 which deviate slightly just due to the holidays. 750 00:33:15,200 --> 00:33:17,760 But I'm happy to answer any questions you may have. 751 00:33:17,760 --> 00:33:21,000 - All right. 752 00:33:21,000 --> 00:33:24,480 I don't think this needs an action or anything. 753 00:33:24,480 --> 00:33:26,720 It's just a discussion. 754 00:33:26,720 --> 00:33:27,960 If you have anything going forward, 755 00:33:27,960 --> 00:33:30,760 be sure and put it out there to Cassie or Tony. 756 00:33:30,760 --> 00:33:33,760 - We're actually asking for approval. 757 00:33:33,760 --> 00:33:34,600 - Okay, all right. 758 00:33:34,600 --> 00:33:36,680 All right, entertain a motion 759 00:33:36,680 --> 00:33:39,560 to approve this schedule as it is proposed. 760 00:33:39,560 --> 00:33:40,400 - So moved. 761 00:33:40,400 --> 00:33:42,400 - It's not supposed to be for action, 762 00:33:42,400 --> 00:33:45,680 but if you want to give them direction, 763 00:33:45,680 --> 00:33:46,880 I think they can change the schedule 764 00:33:46,880 --> 00:33:48,040 without you getting a motion. 765 00:33:48,040 --> 00:33:48,880 - Gotcha. 766 00:33:48,880 --> 00:33:53,400 Everybody good so far? 767 00:33:53,400 --> 00:33:54,220 Everybody good? 768 00:33:54,220 --> 00:33:55,160 Okay, there you go. 769 00:33:55,160 --> 00:33:58,560 Thank you. 770 00:33:58,560 --> 00:34:00,060 All right, management reports. 771 00:34:01,760 --> 00:34:04,160 - So Mr. Chair, members of the board, 772 00:34:04,160 --> 00:34:06,760 today we don't have any new business action items, 773 00:34:06,760 --> 00:34:09,080 although I've heard two requests from today 774 00:34:09,080 --> 00:34:10,400 that we'll go ahead and put on, 775 00:34:10,400 --> 00:34:14,640 and we'll work with Public Works and also with Matt 776 00:34:14,640 --> 00:34:18,120 to get you that information back to you as soon as possible. 777 00:34:18,120 --> 00:34:21,280 And then for future items, 778 00:34:21,280 --> 00:34:23,120 just again, the only reminder we have here 779 00:34:23,120 --> 00:34:24,720 is first meeting in January 780 00:34:24,720 --> 00:34:27,200 will be our officer election date. 781 00:34:27,200 --> 00:34:31,120 And so again, as we're kind of moving towards that, 782 00:34:31,120 --> 00:34:32,440 please be thinking about that. 783 00:34:32,440 --> 00:34:34,200 We have reached out to our current, 784 00:34:34,200 --> 00:34:36,280 or we'll be reaching out to our current officers 785 00:34:36,280 --> 00:34:39,640 to see kind of where they are going into next year. 786 00:34:39,640 --> 00:34:41,200 So that's all I have, 787 00:34:41,200 --> 00:34:43,200 unless you have any other questions for me. 788 00:34:43,200 --> 00:34:47,680 - I have a question for you. 789 00:34:47,680 --> 00:34:49,840 I'd like to ask legal counsel. 790 00:34:49,840 --> 00:34:52,680 Last, I did not vote for the approval for the minutes 791 00:34:52,680 --> 00:34:56,280 because I recused myself for part of that meeting 792 00:34:56,280 --> 00:34:57,560 for continuity. 793 00:34:57,560 --> 00:34:59,720 Should it be noted that I abstained 794 00:34:59,720 --> 00:35:01,440 on approving the minutes? 795 00:35:01,440 --> 00:35:08,240 - That vote already happened. 796 00:35:08,240 --> 00:35:10,800 So you don't have to abstain 797 00:35:10,800 --> 00:35:13,400 just because you weren't in a meeting. 798 00:35:13,400 --> 00:35:14,520 It's not necessary. 799 00:35:14,520 --> 00:35:18,960 If you're asking to reconsider that motion. 800 00:35:18,960 --> 00:35:22,720 - I'm just asking for the smooth continuity. 801 00:35:22,720 --> 00:35:25,200 I didn't want it to cause any friction later 802 00:35:25,200 --> 00:35:26,120 on down the road. 803 00:35:26,120 --> 00:35:28,840 - I don't know. 804 00:35:28,840 --> 00:35:30,720 I guess that would be other board members, 805 00:35:30,720 --> 00:35:31,760 whether that would cause friction. 806 00:35:31,760 --> 00:35:32,960 But I think it was on, 807 00:35:32,960 --> 00:35:36,200 we recorded that that was a unanimous vote in this meeting. 808 00:35:36,200 --> 00:35:39,560 So it's gonna be on the record that you did not abstain. 809 00:35:39,560 --> 00:35:43,120 You voted in the affirmative, but that's not, 810 00:35:43,120 --> 00:35:45,600 there's no legal issue with you doing that or- 811 00:35:45,600 --> 00:35:48,800 - Yeah, I mean, it's on a video in case you ever weren't, 812 00:35:48,800 --> 00:35:50,200 he could have reviewed it on video. 813 00:35:50,200 --> 00:35:52,040 So we'll just, we'll assume that. 814 00:35:53,760 --> 00:35:55,520 >> All right, we stand adjourned.