WEBVTT 00:00:00.000 --> 00:00:07.000 Oh, I don't know, they just randomly changed. 00:00:30.000 --> 00:00:57.960 Persons, Klemm, Johnson, Simmons is absent, Parker, Stacy, Shadle, Sanders is absent, Sellers, 00:00:57.960 --> 00:01:00.359 and we have a quorum. 00:01:00.359 --> 00:01:01.359 Thank you. 00:01:01.359 --> 00:01:03.160 If we could join me in the Pledge of Allegiance. 00:01:03.160 --> 00:01:11.480 I pledge allegiance to the flag of the United States of America and to the republic for 00:01:11.480 --> 00:01:24.640 which it stands, one nation, under God, indivisible, with liberty and justice for all. 00:01:24.640 --> 00:01:30.799 you and we need approval of the agenda if we could so move I second motion by 00:01:30.799 --> 00:01:37.859 Clem second by Johnson all in favor aye opposed and we need an approval of the 00:01:37.859 --> 00:01:46.180 minutes from October 20 2025 motion to approve second motion by Clem second by 00:01:46.180 --> 00:01:53.219 Johnson all in favor aye and opposed that motion carries we've got public 00:01:53.219 --> 00:02:04.379 Comment? Is anybody signed? I don't think so. Seeing none, we will move on to item 00:02:04.379 --> 00:02:09.300 seven, discussion of the following budgets. The water operating, sewer 00:02:09.300 --> 00:02:15.379 operating, storm operating, water capital, sewer capital, storm capital, fire pension, 00:02:15.379 --> 00:02:19.620 and police pension. Manager Boyer. 00:02:23.219 --> 00:02:33.219 Thank you, Mr. Chair. As we just discussed, we'll be starting with the water operating budget. 00:02:33.219 --> 00:02:42.219 So, okay, just we'll start with revenue. 00:02:42.219 --> 00:03:05.219 So grant revenue, we have about $3.6 million budgeted for 2026. So that includes Lead Service Line Phase 4 and Water Main Replacement grant from Congressman Sorensen. 00:03:05.219 --> 00:03:11.740 also our residential services we are bringing in about 1.6 million there and 00:03:11.740 --> 00:03:19.139 that's our annual that includes our CPI for our annual water rate increase moving 00:03:19.139 --> 00:03:25.460 down to capital improvement surcharge 2.1 million will be revenue there and 00:03:25.460 --> 00:03:31.139 that's steady from last year and then we have other revenue we're bringing in an 00:03:31.140 --> 00:03:35.540 additional or budgeting to receive another hundred thousand dollars in PFAS 00:03:35.540 --> 00:03:44.220 settlement to come in next year. Overall net increase or I'm sorry interest 00:03:44.220 --> 00:03:48.360 income we're lowering our projection from last year to two hundred fifty 00:03:48.360 --> 00:03:57.420 thousand dollars. So that's our water revenue. Any questions on that? Okay. All 00:03:57.420 --> 00:04:27.420 Alright, moving on to the expense side. I'm not going to hit every single line item here. I'm just going to hit some of the main ones. We did some reorganization with the labor for water this year. We moved. So some of the staff is was previously categorized as water strictly, but they actually do both. So we have made those adjustments. That's why you see an apparent decrease here in labor plant. But that's that's not actually a decrease. That's just reflecting the new 00:04:27.420 --> 00:04:31.740 the way we organized it for 26 and we'll be going forward in the future in that 00:04:31.740 --> 00:04:36.699 way. In addition to that obviously we've got our standard withholdings and health 00:04:36.699 --> 00:04:42.020 insurance, life insurance, those various items so those are a portion of our 00:04:42.020 --> 00:04:49.500 total labor. Down at item 6170 that's contracted infrastructure repairs and 00:04:49.500 --> 00:04:54.819 maintenance. We're budgeting 2.9 million there and that includes the lead service 00:04:54.819 --> 00:04:56.819 Cronenberg, 00:05:24.819 --> 00:05:31.099 for Expansion of the Brick Street Machine Storage Building. 00:05:31.099 --> 00:05:32.939 We're planning to expand on that. 00:05:32.939 --> 00:05:35.379 It's kind of a pole-shed construction 00:05:35.379 --> 00:05:37.459 at the end of Brick Street. 00:05:37.459 --> 00:05:41.219 Additionally, we've got $150,000 in for mains and manholes. 00:05:41.219 --> 00:05:46.699 And this includes five I-hydrants, is that correct? 00:05:46.699 --> 00:05:47.219 Or is it 10? 00:05:47.219 --> 00:05:48.219 I believe it was seven. 00:05:48.219 --> 00:05:49.939 Seven, I'm sorry, seven I-hydrants. 00:05:49.939 --> 00:05:54.180 So I-hydrants are the newer water hydrant or fire hydrants 00:05:54.180 --> 00:06:24.180 We're budgeting for some more barricades. With all the road work we've been doing, we've really 00:06:24.180 --> 00:06:27.660 We're at a minimum in terms of our barricades, although we bought some last year 00:06:28.139 --> 00:06:35.340 There's just not enough to set up the construction zones appropriately. So we're budgeting to have some additional barricades added 00:06:36.900 --> 00:06:41.180 I'd also like to move to a 70-10 machinery and equipment 00:06:42.180 --> 00:06:49.460 We're budgeting in this item for a pull-behind sign board if you notice we've had a so several years ago 00:06:49.460 --> 00:06:56.540 ago we invested in a sign board and maybe it was in 2019 there's been some issues 00:06:56.540 --> 00:07:00.100 with that one and the circuitry and things have failed in it so we'll be 00:07:00.100 --> 00:07:06.180 replacing that next year and then also we're looking at a 4500 truck with crane 00:07:06.180 --> 00:07:11.520 and an additional aero board so this is a replacing some equipment aging 00:07:11.520 --> 00:07:16.820 equipment and increasing capacity with another aero board any questions on the 00:07:16.819 --> 00:07:25.379 Water Budget. What is bad debt expense? Bad debt expense is where we have 00:07:25.379 --> 00:07:38.480 uncollectible water bills. So anything else? I just wanted to point out the 00:07:38.480 --> 00:07:43.600 arrow boards and the the other arrows that we require most of the water and 00:07:43.600 --> 00:07:48.120 Seward that we do is in the right of way in the streets and through some safety 00:07:48.120 --> 00:07:52.840 audits that we've done we've determined that those items are needed for our 00:07:52.840 --> 00:07:58.000 workers to have safe trespass out in the street during these construction 00:07:58.000 --> 00:08:08.439 projects that we're doing. Okay, with that I'd like to move on to the sewer fund. So 00:08:08.439 --> 00:08:26.279 First, we'll discuss the revenue side. So right now, residential service, we're pulling in about $3 million per year. So that's the annual sewer rate. And that is increased by the CPI, as we mentioned in the water budget, same situation there. 00:08:26.280 --> 00:08:51.680 As in addition to that we're transferring in, and this is down at the bottom at 49.60, we're transferring in $1.5 million from the Land Road TIF for the Walnut Avenue or Walnut Street lift station that we plan to build next year. That will be helpful for a number of reasons, but that that's planning to be constructed next year. Any question on revenue? 00:08:51.680 --> 00:09:05.700 Okay. Moving on to the expense side. We're budgeting for a little bit more chemical expense 00:09:05.700 --> 00:09:13.120 this year. We've raised it to $175,000. Chemicals keep going up in price. That'd be everything 00:09:13.120 --> 00:09:17.600 related to wastewater treatment, so that in some cases that's polymer, in some cases that's 00:09:17.600 --> 00:09:47.600 Miller, Mayor, Mayor, Mayor, Mayor, Mayor, Mayor 00:09:47.600 --> 00:09:56.320 Boiler & Pumping, Piping for the wastewater plant, also some building expenses related 00:09:56.320 --> 00:09:59.879 to upfitting some of the buildings and fixing them. 00:09:59.879 --> 00:10:06.439 of the Buildings and fixing them, and then raw sewage or raw sludge pumps that essentially 00:10:06.439 --> 00:10:14.200 conveys the sludge from the treatment process to the digesters, and then we have the biologically 00:10:14.200 --> 00:10:16.559 activated filtration blower. 00:10:16.559 --> 00:10:26.200 We're scheduling to replace that blower number two next year, as well as the digester pump. 00:10:26.200 --> 00:10:36.319 Skipping down a little further to 6425 lab testing. 00:10:36.319 --> 00:10:42.620 This is outside testing, so we're budgeting $20,000 this year for additional perfluorinated 00:10:42.620 --> 00:10:44.080 compound testing. 00:10:44.080 --> 00:10:49.319 The EPA is looking to start regulating what we send out into our receiving streams when 00:10:49.319 --> 00:10:54.980 it comes to the forever chemicals, and we had to budget for that additional testing 00:10:54.980 --> 00:11:03.139 for next year. 00:11:03.139 --> 00:11:06.419 And again, in this item, we're budgeting for some additional barricades. 00:11:06.419 --> 00:11:10.240 What we did this year was we basically took the needs of the utility and we divided them 00:11:10.240 --> 00:11:12.220 half over water, half over sewer. 00:11:12.220 --> 00:11:19.419 So we're budgeting $9,500 for additional safety equipment in the form of barricades. 00:11:19.419 --> 00:11:28.460 Any questions on the sewer operations budget? 00:11:28.460 --> 00:11:32.620 With that, I'd like to go over storm sewer. 00:11:32.620 --> 00:11:37.139 There's not a whole lot changing in the revenue on storm, the storm sewer fund. 00:11:37.139 --> 00:11:41.620 We have essentially the same revenue coming in this year as we did last, so nothing really 00:11:41.620 --> 00:11:43.700 changing there. 00:11:43.700 --> 00:11:49.059 On the expense side, we're accounting for the wages related back to the AFSCME, the new 00:11:49.059 --> 00:11:51.379 AFSCME contract. 00:11:51.379 --> 00:11:56.779 And if you go down to 6170, contracted infrastructure, repair and maintenance, we're planning to 00:11:56.779 --> 00:12:00.940 spend about $300,000 repairing storm inlets. 00:12:00.940 --> 00:12:07.539 So we've identified multiple failing inlet structures throughout the town. 00:12:07.539 --> 00:12:11.580 It certainly isn't all of them, but it's targeting the worst ones. 00:12:11.579 --> 00:12:16.860 and that's so that we don't have a cave in and have it tear up the road and have a more 00:12:16.860 --> 00:12:19.620 of an emergent situation. 00:12:19.620 --> 00:12:26.139 And then lastly, we're budgeting on 70-10 machinery and equipment. 00:12:26.139 --> 00:12:30.059 We're adding a ditching bucket for the storm fund here. 00:12:30.059 --> 00:12:33.139 This would be an attachment that goes onto our excavator. 00:12:33.139 --> 00:12:39.179 It's wider and it would allow someone to ditch efficiently along the side of the road. 00:12:39.180 --> 00:12:42.860 A couple of examples of ditching that needs to be done. 00:12:42.860 --> 00:12:46.019 We're working in the arcade right now, 18th Avenue. 00:12:46.019 --> 00:12:48.019 The ditches have basically silted in 00:12:48.019 --> 00:12:49.860 or been deliberately filled in. 00:12:49.860 --> 00:12:51.620 And so when we go and do road work, 00:12:51.620 --> 00:12:53.779 and La Cresta is another good example, 00:12:53.779 --> 00:12:55.899 whenever we go to do that type of work, 00:12:55.899 --> 00:12:57.620 we need to make sure that we have the right tools. 00:12:57.620 --> 00:12:59.259 In this particular case, a ditching bucket 00:12:59.259 --> 00:13:01.860 is the tool we need for our excavator. 00:13:01.860 --> 00:13:04.139 So any questions on Storm Sewer Fund? 00:13:04.139 --> 00:13:08.019 I just have the 6170, oh, sorry. 00:13:08.019 --> 00:13:09.059 No, go ahead. 00:13:09.059 --> 00:13:15.899 The 6170 that you talked about, how many more of those, I know you said we're looking to 00:13:15.899 --> 00:13:18.980 watch the breakage and all that, how many do you think? 00:13:18.980 --> 00:13:20.220 How many inlets is that? 00:13:20.220 --> 00:13:21.220 Yeah. 00:13:21.220 --> 00:13:26.659 Well, they cost around $10,000 to $15,000 per inlet, they're about, so that's quite 00:13:26.659 --> 00:13:27.659 a few. 00:13:27.659 --> 00:13:29.659 We're probably talking $20,000 to $30,000. 00:13:29.659 --> 00:13:30.659 Okay. 00:13:30.659 --> 00:13:33.460 But you're not going to try to do them all that year. 00:13:33.460 --> 00:13:36.180 I mean, it'll take over how long? 00:13:36.180 --> 00:13:38.700 No, we're going to get these done in 26. 00:13:38.700 --> 00:13:40.700 Oh, OK. 00:13:40.700 --> 00:13:42.299 Was it more than that? 00:13:42.299 --> 00:13:42.940 I'm sorry? 00:13:42.940 --> 00:13:44.700 How many were we planning to do? 00:13:44.700 --> 00:13:47.460 No, you're right on the amount. 00:13:47.460 --> 00:13:50.700 I wanted to point out one of the reasons that we don't have a ton of expense 00:13:50.700 --> 00:13:53.579 this year is we still have some projects that are in motion that 00:13:53.579 --> 00:13:57.419 are going to change from the $30,000 that we spent this year. 00:13:57.419 --> 00:14:01.059 We have some big emergency work that's going out in the Sioux basement 00:14:01.059 --> 00:14:03.740 for some storm issues that we have. 00:14:03.740 --> 00:14:08.379 And this $300,000 for storm inlets is desperately needed. 00:14:08.379 --> 00:14:09.579 We're finding more and more. 00:14:09.579 --> 00:14:12.379 We were able to include some of them into the project mix 00:14:12.379 --> 00:14:16.220 this year as we were doing water mains and streets. 00:14:16.220 --> 00:14:18.980 But we're finding a lot more that are old structures that 00:14:18.980 --> 00:14:19.980 are falling apart. 00:14:19.980 --> 00:14:22.779 And so we plan to do a program this year where 00:14:22.779 --> 00:14:26.180 we target maybe 50 of them and do a package at a time 00:14:26.180 --> 00:14:29.299 to have those replaced all at once to get it done much faster. 00:14:29.299 --> 00:14:29.980 OK. 00:14:29.980 --> 00:14:32.220 Thank you. 00:14:32.220 --> 00:14:33.059 OK. 00:14:33.059 --> 00:14:36.059 With that, I'd like to move on to our first capital budget. 00:14:36.059 --> 00:15:06.059 So this will be water projects. I would encourage you all to have a look at this. There's quite a bit going on here, but this is essentially our five-year capital plan for water. Next year, the projects that we're going, we're planning to work on, and I'm not going to discuss every project on here. I'm just going to stick with 26, but we have water main replacements for road projects. We're budgeting about $820,000 for those. Viaduct improvements at Shawnee and Hancock. We're hoping to, that project 00:15:06.059 --> 00:15:26.299 We have water structures, phase three, so that's well 12. So as you can see here, we've got about 15 million budgeted for 2026, and another 16 million budgeted for 2027, and obviously, we don't have all of our budgeted for the next year. So we are getting a little bit of a 00:15:26.299 --> 00:15:46.940 So as you can see here, we've got about $15 million budgeted for 2026 and another $16 million budgeted for 2027, and obviously that's adding up to about $31 million. And we're hoping to have final documentation here pretty in hand to demonstrate the funding mechanism on that. 00:15:48.259 --> 00:15:54.860 If you'll skip down to well eight, we're going to one of our goals is to install backup generator at Carroll Tank. 00:15:54.860 --> 00:15:58.860 and if you, you may not be aware, but all of our 00:15:58.860 --> 00:16:03.139 remote sites, so Carroll, Willow, a lot of the 00:16:03.139 --> 00:16:06.279 lift stations, they don't have their own backup 00:16:06.279 --> 00:16:07.420 generator capacity. 00:16:07.879 --> 00:16:10.700 So if we ever had a major storm with a, a pretty 00:16:10.700 --> 00:16:14.259 serious power outage, we would be in, we'd be in a 00:16:14.259 --> 00:16:16.879 heart locker trying to keep all those facilities 00:16:16.879 --> 00:16:17.500 up and running. 00:16:18.539 --> 00:16:20.299 So we're starting with Carroll, we're adding a 00:16:20.299 --> 00:16:21.460 backup generator there. 00:16:21.460 --> 00:16:28.980 and then we've got the the Brick Street cold storage upgrades we have 67,000 in 00:16:28.980 --> 00:16:35.139 that and then also the Willow tank rehab so we're budgeting about a million 00:16:35.139 --> 00:16:38.440 dollars so that's the ground level storage tank over at Willow it's time 00:16:38.440 --> 00:16:42.259 for us to get in there clean it out it hasn't been cleaned in many years and so 00:16:42.259 --> 00:16:47.220 we're gonna go in there clean that out install proper hatches and properly 00:16:47.220 --> 00:17:17.220 and Stacey. Water main phase four and five. It says pending long. Yes. Yes. So these are identifying that we're planning for water main replacements, where the funding is going to come from. It could come from a number of sources. One could be like we have had recently with the congressman's office. So we're going to be looking at how we're going to do that. So we're going to be looking at how we're going to do that. 00:17:17.220 --> 00:17:23.820 Sorensen providing $900,000 in water main replacement. If we don't have that, I 00:17:23.820 --> 00:17:28.779 will look at what we can get in terms of loan forgiveness and also loans from the 00:17:28.779 --> 00:17:34.099 EPA. So that's the two main, it's either grants or it's going to be an EPA loan. 00:17:34.099 --> 00:17:41.820 Are funds like that even available now? Well, we've had pretty good luck here 00:17:41.820 --> 00:17:45.900 recently, so I'd say, I mean, even if it goes down a little bit, we're gonna 00:17:45.900 --> 00:17:49.900 and I will continue to seek outside funding for all this as often as possible. 00:17:49.900 --> 00:17:52.900 Can I say something? 00:17:52.900 --> 00:17:58.900 Although, Stacy, those are in the 27 and 28 lines. 00:17:58.900 --> 00:18:06.900 And so, Congressman Sorensen's monies are appropriated in the fall or the wintertime of the previous, 00:18:06.900 --> 00:18:09.900 so we wouldn't know that until closer to those timeframes. 00:18:09.900 --> 00:18:18.460 but in general when we do roadway repair we need to budget money for water main 00:18:18.460 --> 00:18:23.220 replacements because many of the many of the roads we need to replace also need 00:18:23.220 --> 00:18:26.880 that water main replaced otherwise we'll be setting ourselves up for future 00:18:26.880 --> 00:18:31.740 deterioration accelerated deterioration with water main breaks any other 00:18:31.740 --> 00:18:37.699 questions on the water capital Greg, Alderman, nothing on Brick Street as far 00:18:37.700 --> 00:18:40.700 There is demo or anything until after the new well is done? 00:18:40.700 --> 00:18:43.340 Well, just a question, you know. 00:18:43.340 --> 00:18:53.420 It is in here, let's see where, it's water, it's water mains, it's water structures. 00:18:53.420 --> 00:18:58.259 That's okay, I just had the question over. 00:18:58.259 --> 00:18:59.259 Okay. 00:18:59.259 --> 00:19:02.700 There it is, about halfway down, Phase 7, Brick Street. 00:19:02.700 --> 00:19:09.500 Got you. Phase seven and we pushed that it's it's right scheduled for 27 right now. So thank you. Yep. 00:19:12.860 --> 00:19:19.660 Okay wastewater treatment plant for 26 we're completing phase one. We believe that's going 00:19:19.660 --> 00:19:24.380 to be an additional 30 million dollars and that was budgeted for when we took on when we started 00:19:24.380 --> 00:19:30.300 the project. That's funded through EPA loan and we also received five million dollars in loan 00:19:30.299 --> 00:19:36.819 Forgiveness on that project. We have the Park Street lift station and Galena lift 00:19:36.819 --> 00:19:42.299 station. Both of those are scheduled with $500,000 for varying needs. Some of them 00:19:42.299 --> 00:19:47.219 need upgraded pumps, motors, drivers, and controllers, and so that that's where 00:19:47.219 --> 00:19:50.679 that's coming from. Park is a pretty substantial lift station, so we need to 00:19:50.679 --> 00:19:54.779 make sure we're staying on top of the maintenance on that. We've also budget 00:19:54.779 --> 00:19:59.849 $500,000 for sewer lining $50,000 for manhole 00:20:29.849 --> 00:20:30.849 and others. 00:20:30.849 --> 00:20:33.490 We have a lift station generator at Park and Galena. 00:20:33.490 --> 00:20:37.730 Looks like a fairly large amount, 1.9 million, but this is a fairly large lift station. 00:20:37.730 --> 00:20:41.889 So we want to make sure that, as I mentioned to you before, if we have an extended power 00:20:41.889 --> 00:20:46.250 outage with a storm, the last thing I want is my guys driving around in a truck with 00:20:46.250 --> 00:20:50.129 a big generator behind them running around from site to site. 00:20:50.129 --> 00:20:56.129 So we need to get as many of these set up with generators as possible. 00:20:56.129 --> 00:21:00.929 and then also the walnut lift station. We're budgeting 1.5 million in the capital budget 00:21:00.929 --> 00:21:06.750 for that. So that's, that'll be moving forward here shortly. We've also got the wastewater 00:21:06.750 --> 00:21:13.929 treatment plant blower room, boiler and piping. So new boilers required there. And then we 00:21:13.929 --> 00:21:20.129 have the Meadowbrook sewer expansion. So we're going ahead of budgeting $1.2 million for 00:21:20.129 --> 00:21:25.309 Meadowbrook due to the fact that we've been waiting on unsewered communities grant for 00:21:25.309 --> 00:21:31.629 prolonged quiet awhile and at this point the road is deteriorated substantially and we can't 00:21:31.629 --> 00:21:36.869 just replace the road after putting sewer in so we need to go ahead and moss that we're 00:21:36.869 --> 00:21:39.029 doing on that. 00:21:39.029 --> 00:21:41.769 And then we also have West Demeter Surely Expansion. 00:21:41.769 --> 00:21:49.990 West Demeter is on our Road replacement program for this year and we need to add sewer when 00:21:49.990 --> 00:22:19.989 we go down West Demeter. Any questions on the wastewater? Yes? Alderman Sellers? I'm sorry. I just wanted to know the the generator that's going to be on Park and Galena. Where at will that be? Well, where would it be located? So, okay, Park and Galena is a little bit of a missed one. Are we talking about the big one right there on Galena? Right off? Yeah. So, did you have a answer for that one? Yeah. So, Park is at the corner of 00:22:19.990 --> 00:22:30.490 Laurel & Park, that's the big lift station on the corner, and then the one on Galena, so it's actually two different stations, is the one that's out on Galena, West Galena, near Cherokee Hills. 00:22:30.490 --> 00:22:33.490 Oh, okay. Thank you. 00:22:33.490 --> 00:22:34.990 Yep. 00:22:34.990 --> 00:22:44.990 Okay. Now, with that, I'd like to move on to stormwater projects. 00:22:44.990 --> 00:22:54.990 So, we've got a handful of items here for 26. The largest one is, as we discussed, the storm inlet replacement program that we just briefly discussed. 00:22:54.990 --> 00:23:03.990 Also, we'll have some bills coming in on the viaduct at Hancock and Shawnee, so we'll need to be paying those bills as we wind down that project. 00:23:03.990 --> 00:23:11.990 And then we also have a downtown stormwater program, so this is basically to address the issue at Benton and Jackson. 00:23:11.990 --> 00:23:35.949 There's a large stormwater inlet there, well actually outfall to the river and that that is deteriorating. It needs to be repaired. So that and also behind the old McNess, there's another stormwater outfall that needs maintenance. So any questions on stormwater? 00:23:41.990 --> 00:23:51.889 So, just to help give some definition into it, those stormwater large projects for downtown 00:23:51.889 --> 00:23:59.589 Kwanasoo, those are all, we've submitted for EPA forgivable grants for a certain portion 00:23:59.589 --> 00:24:05.269 of those, and we have submitted, been over a year ago, but we've just kind of been held 00:24:05.269 --> 00:24:06.509 up in delay there. 00:24:06.509 --> 00:24:09.629 We're expecting some of those to release in this next year. 00:24:09.629 --> 00:24:38.629 Very good. All right, I'd like to move on to vehicles. We have, so this is for water, sewer, and storm. So these would be water and sewer trucks. We're budgeting for one 10-yard dump truck this year and one F-550 with crane, our existing crane. Sometimes you need a crane when you're lifting large line shaft pumps out of their wet wells. 00:24:38.629 --> 00:24:44.869 Wals, so that's this truck will be equipped with that. Any questions on the 00:24:44.869 --> 00:24:58.069 vehicles? Okay coming down to the last little bit here, Fire Pension Fund, so 00:24:58.069 --> 00:25:01.929 starting with revenue, we've got about eight hundred and fifteen thousand 00:25:01.929 --> 00:25:07.029 dollars, that's our annual contribution from the city, and then 360,000 is what 00:25:37.029 --> 00:25:39.029 and 00:25:40.029 --> 00:25:42.029 John, 00:25:43.029 --> 00:25:45.029 and 00:25:47.029 --> 00:25:49.029 Amy, 00:25:50.029 --> 00:25:52.029 Amy, 00:25:53.029 --> 00:25:55.029 Amy, 00:25:56.029 --> 00:25:58.029 Amy, 00:25:59.029 --> 00:26:01.029 Amy, 00:26:02.029 --> 00:26:04.029 Amy, 00:26:04.029 --> 00:26:05.029 Fowler. 00:26:05.029 --> 00:26:07.029 So, we've got a couple of changes when we get to the end of the budget process that we need 00:26:07.029 --> 00:26:12.710 to reflect going forward. 00:26:12.710 --> 00:26:18.109 On the police pension, similar to FIRE, so the annual contributions from the city is 00:26:18.109 --> 00:26:27.309 about $445,000, with about $370,000 coming from the policemen. 00:26:27.309 --> 00:26:35.670 and then invested proceeds of about $4.5 million is budgeted for next year. 00:26:35.670 --> 00:26:42.869 As I mentioned before, 64-15 investment management fees, we've got about $75,000 and those are 00:26:42.869 --> 00:26:46.589 fees associated with the Illinois Police Officer's Pension Investment Fund. 00:26:46.589 --> 00:26:53.389 And then in addition, we have professional services with Lauderbach and Eamon for bookkeeping 00:26:53.389 --> 00:26:56.869 and that's $52,000. 00:26:56.869 --> 00:27:01.069 Any questions on the police or fire pensions? 00:27:01.069 --> 00:27:12.549 Okay, well with that, that concludes my presentation. 00:27:12.549 --> 00:27:15.089 Thank you Manager Boyer. 00:27:15.089 --> 00:27:21.489 Number item eight is a discussion regarding tax abatement ordinances. 00:27:21.489 --> 00:27:39.449 I just want to point your attention to the memo that was attached to that line item. 00:27:39.449 --> 00:27:45.289 This is kind of an informational thing because we will be seeing ordinances to abate our 00:27:45.289 --> 00:27:50.129 bonds coming up at one of our future meetings. 00:27:50.129 --> 00:28:02.089 When General Obligation Bonds are issued, they are backed by the City's ability to levy 00:28:02.089 --> 00:28:04.369 and collect property taxes. 00:28:04.369 --> 00:28:11.009 Therefore, the County automatically levies the required annual debt service from City 00:28:11.009 --> 00:28:15.089 of Freeport property owners on their property tax bills. 00:28:15.089 --> 00:28:21.129 The city has historically abated or canceled this amount on the property taxes. 00:28:21.129 --> 00:28:26.250 By passing an ordinance each year, the property taxes that would otherwise be collected from 00:28:26.250 --> 00:28:28.609 residents is abated. 00:28:28.609 --> 00:28:35.250 The city instead makes the debt service payments from other city revenues. 00:28:35.250 --> 00:28:42.230 On the memo is a list of our individual bond issues, the amount to be abated, and the source 00:28:42.230 --> 00:28:47.989 of the revenue that will be used to make the bond payment. We have also included the potential 00:28:47.989 --> 00:28:55.629 increased cost in property taxes on a $100,000 home if these bonds were not abated. Ordinances 00:28:55.629 --> 00:29:02.190 to abate these bonds will be on the council agenda tentatively November 17th of 2025 and 00:29:02.190 --> 00:29:12.029 then December 1st on 2025. So we have the 2013 A bond that is paid through the fire 00:29:12.029 --> 00:29:17.589 Mayor, Improvement Fund, the 2014B bond that is a sewer bond that's paid through the sewer 00:29:17.589 --> 00:29:26.509 fund, the 2015A bond that is, it was a refunding bond, so it had different pieces to it. 00:29:26.509 --> 00:29:32.110 And so those individual pieces are paid by, I think it's Downtown TIF, the General Fund 00:29:32.110 --> 00:29:40.429 and Stormwater Funds, the 2016 bond, which was, that was the bond that we did on this 00:29:40.429 --> 00:29:59.789 Building is paid by the General Fund. The 2018 bond is paid by Downtown TIF. The 2019A bond is paid by the Street Improvement Fund. The 2020 bond is also by the General Fund. That amount is the pension. 00:29:59.789 --> 00:30:14.789 Amount is the pension obligation bonds from 2020. 2021 series is also a street improvement bond, and then the 2022 bonds are also paid out of fire improvement. 00:30:14.789 --> 00:30:21.289 That's just some background, just so when we get to abating these bonds, you know why we want to do it. 00:30:21.289 --> 00:30:27.289 Very good. Thank you. Is there any other budget discussion? Alderman Klemm. 00:30:27.289 --> 00:30:33.369 Greg, and this is just as a reminder to back up what Michelle said, it's a yearly thing. 00:30:33.369 --> 00:30:41.009 So it's nothing, it's anything new to us. It's something that we do yearly. So just keep that in mind, you know. 00:30:41.009 --> 00:30:44.730 Yes. Thank you. 00:30:44.730 --> 00:30:49.730 Nothing further. 00:30:49.730 --> 00:30:54.289 Item 10 is a motion that minutes of meetings 00:30:54.289 --> 00:30:58.990 Shall be deemed approved when signed by the Chair and Vice-Chair of the Finance Committee of the Whole. 00:31:04.990 --> 00:31:07.190 Oh, okay. Could you elaborate a little? 00:31:07.690 --> 00:31:14.389 Yes, this way I don't have to keep track of those minutes until we start the budgeting season next year. 00:31:14.690 --> 00:31:19.990 We missed this motion last year, so I had to hold two sets of minutes over. 00:31:19.990 --> 00:31:24.909 this way it just keeps it for the end of it keeps it for the end it keeps it all 00:31:24.909 --> 00:31:29.289 in the same year and when the chair and the vice chair sign them then they're 00:31:29.289 --> 00:31:35.509 considered approved versus going before the whole council at the finance number 00:31:35.509 --> 00:31:42.509 yes exactly thank you we would need a motion in a second for that okay I would 00:31:42.509 --> 00:31:50.170 Make a motion that we provide those signatures for the paperwork needed. 00:31:50.170 --> 00:31:51.289 Second. 00:31:51.289 --> 00:31:55.170 Motion by Klemm, second by Parker. 00:31:55.170 --> 00:31:56.170 Do we need a roll call? 00:31:56.170 --> 00:31:57.649 I don't really know. 00:31:57.649 --> 00:31:59.569 Do you want to do roll call just to be sure? 00:31:59.569 --> 00:31:59.970 Okay. 00:31:59.970 --> 00:32:01.690 Just, yeah, that's fine. 00:32:01.690 --> 00:32:02.369 Klemm? 00:32:02.369 --> 00:32:03.289 Aye. 00:32:03.289 --> 00:32:04.009 Johnson? 00:32:04.009 --> 00:32:04.490 Aye. 00:32:04.490 --> 00:32:06.250 Simmons? 00:32:06.250 --> 00:32:07.369 Is still absent. 00:32:07.369 --> 00:32:08.250 My apologies. 00:32:08.250 --> 00:32:09.369 Parker? 00:32:09.369 --> 00:32:10.089 Here, yes. 00:32:10.089 --> 00:32:11.650 Stacy? 00:32:11.650 --> 00:32:12.049 Aye. 00:32:12.049 --> 00:32:39.569 Shadle? Aye. Sanders? Aye. And Sellers? Aye. The motion passes 7-0. We're down to Item 11, Public Comments. Anybody in the audience have anything? Seeing nothing, I would take a motion for adjournment. So moved. Second. Motion by Sellers, second by Parker. All in favor? Aye. And opposed? 00:32:39.569 --> 00:32:43.409 and then we'll start in about, you know, 6 or 5.