Aug 23, 2021 City Council Study Session 08/23/2021

CHANDLER HORIZON ROTARY 400 NOTEBOOKS.

NEXT IN OUR SKUID SCHEDULED PUBLIC APPEARANCES.

WE ARE GOING TO RECOGNIZE MANY OF THE SPONSORS AND THOSE WHO HELPED MAKE OPERATION BACK TO SCHOOL, A SUCCESS I'D LIKE TO CALL UP VICTOR FOR THAT PRESENTATION.

AND, UH, AS HE IS COMING UP, I DO WANT TO ALSO THINK WE HAD A, A GREAT REPRESENTATION FROM COUNCIL WHO WERE AT THAT.

I THINK THIS YEAR WE HAD COUNCIL MEMBER HARRIS, COUNCIL MEMBER, ELLIS, VICE MAYOR STEWART.

AND I KNOW SEVERAL OF THE REST OF YOU HAVE BEEN THERE IN PREVIOUS YEAR.

SO LEADING FROM COUNCIL THROUGH OUR CITY AND OTHERS, WE WANT TO THANK ALL OF YOU FOR HELPING OUR STUDENTS START THE YEAR, RIGHT? PASTOR, THANK YOU, MAYOR COUNCIL, WE ON THIS DAY, WHAT TO CELEBRATE, UH, OPERATION BACK TO SCHOOL, OUR NINTH ANNUAL, IT WAS A HUGE SUCCESS AS ALWAYS SINCE THE BEGINNING DUE TO CONTINUE TO CONCERNS ABOUT COVID.

THE EVENT WAS A DRIVE-THROUGH STYLE DISTRIBUTION BACKPACKS WERE DISTRIBUTED AT FOUR SCHOOLS, CHANDLER WILLIS ANDERSON AND BASHER OVER 41 ORGANIZATIONS PARTICIPATED, SPONSORED, OR DONATED ITEMS FOR THE EVENT.

WE ALSO REACHED A RECORD HIGH IN THE NUMBER OF BACKPACKS DISTRIBUTED.

OUR PARTICIPATING FAMILIES WERE MADE UP OF 81% OF A CUSD STUDENTS.

AND 19% WERE FROM NON CUSD SCHOOLS.

JUST TO GIVE YOU A NUMBERS PERSPECTIVE.

LAST YEAR, WE GAVE AN NUMBER OF STOCKS A LITTLE OVER 2000 THIS YEAR, 21,000 BACK THAT WE GAVE OUT ONCE AGAIN, 3000 BACKPACKS UNIFORMS. WE DIDN'T KNOW A NUMBER THIS YEAR, 1,528.

LAST YEAR, WE HAD 2000 COMMUNITY RESOURCE BAGS IN WHICH MOST OF THEM THE MAYOR PUT IN THIS YEAR WAS A THOUSAND, BUT WE STILL ARE SENDING OUT INFORMATION SHOES.

LAST YEAR WAS 516.

THIS YEAR 736.

WHAT WE ARE DOING WITH VOLUNTEERS WAS 135, A TOTAL VOLUNTEER HOURS, 996, TOTAL VOLUNTEER VALUE, 28,426 LAST YEAR.

IT WAS 17,000 THIS YEAR.

WELL, LAST YEAR WE HAD A TOTAL VALUE ADDED BACK TO THE COMMUNITY, 143,906.

THIS YEAR WE HAVE 281,175.

SO WHAT THIS DOES IS IT RELIEVES A LOT OF THE, A LOT OF THE, UH, ASKED FOR OUR PARENTS OR OUR STUDENTS AND FOR OUR SCHOOLS.

AND WE LIKE TO THANK EACH AND EVERY PERSON THAT HAS GIVEN TO THIS ORGANIZATION.

AND RIGHT NOW, WHAT WE'RE GOING TO DO IS WE'RE GOING TO CALL UP SOME, NOT ALL, CAUSE IT'LL BE HERE FOR A WHILE.

WE'D SENT UP 41 ORGANIZATIONS.

SO WE, SO EVERYTHING GOING TO BE ALL RIGHT, LEAN BACK, RELAX.

IT'S GOING TO BE ALL RIGHT.

SO WE ARE, UH, GOING TO START OFF IN GIVING OUT A JAR OF CANDY AND A CERTIFICATE.

THANK YOU, LAURIE.

UH, FIRST ONE UP ANDERSON JUNIOR HIGH SCHOOL CAFETERIA SPACE.

AND PLEASE STAY FOR PIZZA AT THE END.

UH, ASCEND SPONSORSHIP OF 7,000 THROUGH INDIVIDUAL DONATIONS.

COME ON.

CHANDLER BUSINESS ALLIANCE, SPONSORSHIP OF OVER $500 GENERAL, THE COMPADRE 5,000 SPONSORSHIP POTTER CHARITIES, 1000

[00:10:01]

FOR ONE IS CLUB $500 IN SPONSORSHIP MONEY.

CHANDLER MEN OF ACTION, $2,500 IN SPONSORSHIP GRANT.

OKAY, WELL, YOU KNOW, I KNOW, UM, I'M USED TO BE THE PAST.

I GET THROUGH THOSE VERSES REAL QUICK.

ALL RIGHT, EVERYBODY CLEAR NOW, CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS PARTNER, COORDINATE UNIFORM DONATIONS FOR ALL TITLE ONE SCHOOLS.

WELL CATHERINE IN KIND SOCKS AND UNDERWEAR.

SCOTT DEATHRIDGE FOUNDATION, $1,000.

CHRISTIAN CHURCH, $500 SWIRLS NAZARENE CHURCH, $1,000 VALLEY JEWISH COMMUNITY SENATE $2,000.

FANS ACROSS AMERICA, SOCKS AND UNDERWEAR IN COMP INTEL PARTNERS, STAFF DONATED OVER $5,000.

WHOM I MET AT THE DOOR WITH ALL BOOKS, WHOLE BUNCH OF BACKPACKS IN HER HAND, A HUNDRED STUFFED BACKPACKS.

CHILDREN'S $2,500.

RESURRECTION STREET IN TIME, LARGE DONATION OF SCHOOL SUPPLIES AND SOCKS.

SO THEY SHOULDN'T ARMY THAT'S IT.

SUN VALLEY, SOLAR SOLUTIONS IN KIND $750 WORTH OF SHOES AND PARTNER VANCE AND SUPPORT FROM PACKING SITE TO DISTRIBUTION SITES.

WE THANK YOU.

IT WAS LIKE THE THING EACH AND EVERY ONE OF THESE PEOPLE.

I, I APOLOGIZE FOR GOING SO FAST, BUT I WANTED TO MAKE SURE WE GOT IT ALL IN, BUT EACH AND EVERY PERSON.

AND I LIKE TO THINK, ESPECIALLY THESE PEOPLE WHO ARE AROUND US FROM NEIGHBORHOOD SERVICES, NIKKI, LAUREN, AND LEAH, FOR THEIR CONTINUED SUPPORT OF WHAT WE DO ON A DAILY BASIS.

WE ARE ALL IN THIS TOGETHER.

THIS CITY LOVES THIS CITY.

THANK YOU VERY MUCH.

NOW LET'S GET TOGETHER AND HAVE FUN.

BUT WAIT, THERE'S MORE, YOU GUYS, AREN'T STAYING FOR THE REST OF THE MEETING.

WE'RE GOING TO HAVE HALF OF THEM GO BEHIND ALL RIGHT, EVERYONE.

SEE THE CAMERA.

[00:15:31]

THANK YOU ALL.

WE'LL WAIT ANOTHER COUPLE SECONDS FOR PEOPLE TO CLAIR OUT IF THEY SO WISH.

UH, WE DO HAVE A FEW ITEMS THAT HAVE BEEN CALLED IN AS PART OF OUR CONSENT AGENDA.

UH, THE FIRST IS, UH,

[2. Proclamation - Childhood Cancer Awareness Month]

IS NUMBER TWO BY, OKAY.

ITEM NUMBER TWO BY

[2. Shared Mobility Licensing Program Move City Council pass and adopt Resolution No. 5507 approving the Shared Mobility Licensing Program Council Focus Area(s):]

COUNCIL MEMBER ROW.

UH, THANK YOU, MAYOR.

THIS IS THE SHARED MOBILITY SCOOTER PROJECT.

AND, UM, I THINK I'VE GOT MY QUESTIONS ANSWERED ABOUT THIS, BUT I HAVE, I'VE ALWAYS HAD SOME CONCERN ABOUT THE SAFETY OF A PROGRAM LIKE THIS.

CERTAINLY SOMEBODY THAT RUNS A BUSINESS HAS TO DECIDE WHETHER TO DO, DO SOMETHING LIKE THIS OR NOT.

BUT I HAVE ASKED FROM THE BEGINNING OF THE DISCUSSION OF THIS UP UNTIL TODAY THAT WE, WHATEVER CONTRACTOR, WE ACCEPT ADOPT A SEGWAY TYPE TECHNOLOGY IN TO WHATEVER SCOOTERS THEY USE.

NOW, I'M NOT SAYING THEY HAVE TO USE SEGWAY, BUT SOMETHING LIKE THAT TO PREVENT OR REDUCE THE RISK OF SOMEBODY BEING SERIOUSLY INJURED.

SO THAT'S THAT'S, THOSE ARE MY COMMENTS.

SO IF THERE'S ANYTHING ELSE, UH, MR. PETERSON, YOU HAVE ANY COMMENTS AMERICANO ROW.

WE'LL CERTAINLY TAKE A LOOK AT THAT.

I'M NOT FAMILIAR WITH ANY PARTICULAR COMPANIES OFF THE TOP OF MY HEAD THAT HAVE SELF-BALANCING TECHNOLOGY, BUT WITH THAT SPECIFIC QUESTION, WE CAN GO BACK AND RESEARCH AND SEE IF THERE'S WAYS TO INCORPORATE THAT INTO OUR CODE AMENDMENT.

THAT'D BE GREAT.

UM, COUNCIL MEMBER, HARRISON AND COUNCIL MEMBER ELLIS.

FIRST, I WANT TO ACKNOWLEDGE MY WIFE IS HERE TODAY.

SO I'M HAPPY ABOUT THAT.

AND SHE'S HERE VISITING HER COUSIN AND REPRESENTED DINNER FOR POLY, UH, IS HERE.

BUT I WANTED TO ASK YOU IS HAVE WE LOOKED AT THE OTHER DATA FROM 10 IN OTHER CITIES IN TERMS OF WHAT THEY'RE DOING AND HOW WE KIND OF LOOK MORE CLOSELY AT HOW THEY'RE WORKING THEIR SCOOTER PROGRAM, THAT THEY HAVE THAT MAYOR COUNCIL MEMBER HARRIS? ABSOLUTELY.

WE SURVEYED, UH, CITIES ACROSS THE COUNTY AND THE, UM, AND THE STATE AND THE COUNTRY TO SEE KIND OF BEST PRACTICES AND, UH, UH, UH, REALLY DEVELOPED A PROGRAM THAT TAKES INTO CONSIDERATION ALL OF THE SUCCESSES THAT THEY'VE HAD AND SOME LESSONS LEARNED.

SO ABSOLUTELY WE, WE HAVE MODELED AFTER, UM, THE SUCCESSES THAT THEY HAD THERE.

YOUR MICROPHONE.

MARION COUNSELING UMBRELLAS.

THIS A GREAT IDEA, AS I WAS SAYING EARLIER, CONCERNING IN MOBILITY, BUT MY CONCERN IS SAFETY.

OF COURSE.

UM, I'M CONCERNED ABOUT HEAD INJURIES, UH, WHEN IT COMES TO THOSE KINDS OF THINGS, WILL HELMET BE ALLOWED OR IS IT SOMETHING THAT'S, UH, WILL BE US TO, FOR PEOPLE TO WEAR WHEN MANDATORY FOR THEM TO WEAR THAT WHEN THEY'RE USING THOSE SO RIGHT.

UH, SO LAST YEAR WE ADOPTED A CODE AMENDMENT THAT REQUIRED HELMETS FOR USERS UNDER THE AGE OF 18.

UM, THIS, UH, THE SAFETY COMPONENTS THAT ARE ASSOCIATED WITH, UH, THE COMPANIES ARE VARY FROM COMPANY TO COMPANY.

SOME WILL REQUIRE IT IN ALL INSTANCES AND MAY EVEN PROVIDE A HELMET AND OTHERS, UM, MAY HAVE A DIFFERENT BUSINESS MODEL, BUT, UM, CERTAINLY A HELMET IS SOMETHING THAT WE REQUIRE FOR, UH, UH, MINORS.

INDEMNIFY THE CITY FOR MANY RISKS OF HARM RELATING TO THESE, UM, MOBILITY DEVICES.

THANK YOU, MAYOR.

THAT'S ABOUT PLAN B DISCUSSION THIS ONE, BUT THAT'S THAT'S GOOD DIALOGUE.

UM, SO CITY ATTORNEY, UM, OBVIOUSLY THERE'S QUESTIONS HERE IN REGARDS TO SAFETY, SECURITY.

WHAT ARE WE DOING TO ALLOW THE COMPANIES TO BE IDENTIFIED AS WELL? EXCUSE ME, WHAT ARE WE DOING ABOUT THE CITY DOING, IDENTIFY IF THERE'S ANY ISSUES, UM, MAYOR, UH, IF I MAY COUNCIL MEMBER ORLANDO, UM, WE HAVE REQUIREMENTS IN PLACE IN OUR CODE THAT, UM, WHEN THEY ENTER INTO THE LICENSE AGREEMENT, THEY HAVE TO POST INSURANCE THAT ENDED AND

[00:20:01]

SO WE'RE PRETTY MUCH COVERED IN THAT TOGETHER.

OBVIOUSLY I DON'T SEE THEM, I GET HURT, BUT BY THE SAME TOKEN, I THINK, UH, THERE ALSO SHOULD BE SHOULD AND DENTIFICATION.

IN FACT, IF SOMEONE DOES GET HURT AND THERE'S SOME, UH, ASPECTS THAT SOMEONE COULD TAKE, UH, GET, UM, ASSISTANCE IF THEY DO GET HURT.

FAIR ENOUGH.

COUNSEL, ANY ADDITIONAL QUESTIONS ON THIS? ALL RIGHT.

ITEM NUMBER SEVEN BY CALLED IN BY COUNCIL MEMBER ORLANDO.

UH, NEXT STEP, UH,

[7. Resolution No. 5506, Approving a Consent to Assignment and Assumption Agreement between DT Chandler, LLC, and AZ Management & Investments, LLC, for the Cinema Portion of the Overstreet Development in Downtown Chandler, Located at the Southwest Corner of Arizona Avenue and Chandler Boulevard Move City Council pass and adopt Resolution No. 5506, approving a consent to Assignment and Assumption Agreement between DT Chandler, LLC, and AZ Management & Investments, LLC, for the Cinema portion of the Overstreet development in downtown Chandler, located at the southwest corner of Arizona Avenue and Chandler Boulevard. Council Focus Area(s):]

THANK YOU, MAYOR.

UM, REAL QUICK ON THIS ONE, THIS IS THE FLICK MOVIE THEATER.

UH, IT'S BEEN THERE FOR A FEW NOW AND I KNOW COVID HAS SOME ISSUES.

AND NOW WE ORIGINALLY HAD A BUYER THAT MIGHT BE TAKEN OVER THIS AS YOU REMEMBER A YEAR AND A HALF AGO.

SO YOU'RE THAT FELL THROUGH, AND NOW WE HAVE ANOTHER BUYER AND I GUESS I WANT STAFF TO GIVE ME SOME IDEAS, WHAT THIS BUYER LOOKS LIKE IN NUMBER TWO.

AND THEN IN THE EVENT THAT THIS DOES NOT GO THROUGH, WHAT ARE SOME OF THE OTHER USES FOR THIS PARTICULAR PROPERTY COUNCIL MEMBERS? UH, I'LL BE ABLE TO ANSWER THE SECOND ONE.

UH, I'M NOT BEEN IN DIRECT CONTACT WITH THE BUYER, UH, BUT THE PROPERTY IT'S AN ALIGNED ZONING IS PAD FOR COMMERCIAL OFFICE AND RETAIL USES.

UM, AND SO IT COULD BE SOMETHING IN THAT RANGE.

UM, THE PROPERTY CURRENTLY IS FULLY CONSTRUCTED AS A THEATER, UM, AND THERE IS QUITE FRANKLY A LOT OF CAPITAL INVESTMENT IN THAT BUILDING, UH, SPECIFICALLY TAILORED TO A THEATER, UM, IN CONVERSATIONS I'VE HAD WITH THE CULTURAL DEVELOPMENT DIRECTOR, THE BUYER IS FULLY COMMITTED TO, TO UTILIZE THAT ASSET THAT CURRENTLY EXISTS AND IS COMMITTED TO FIND A, ANOTHER THEATER FOR THAT BUILDING.

AND DO WE HAVE, OH, SHE'S OVER THERE.

CAN YOU ADDRESS THE FIRST PART OF THE QUESTION AGAIN? I'M NOT AGAINST THIS, BUT ALSO BY THE SAME TOKEN, I DON'T WANT TO KEEP SPINNING OUR WHEELS ON THIS PROPERTY AND IT'S NOT BEING USED.

AND, UH, WE HAVE OTHER USES.

I JUST WANT TO MAKE SURE WE'RE THINKING ABOUT THAT.

ABSOLUTELY.

MAYOR, UH, COUNCIL MEMBER ORLANDO.

WE HAVE BEEN IN CONTACT WITH AC MANAGEMENT AND INVESTMENTS AND THEY ARE COMMITTED TO FINDING A THEATER SPECIFICALLY FOR THE FLEXED BUILDING, WHICH IS GREAT NEWS, AS YOU KNOW, UH, WE, WE CHOSE THAT SITE BECAUSE WE WANTED TO SEE MORE ENTERTAINMENT THERE AND THAT BUILDING WAS, UM, PURPOSE SPECIFICALLY FOR THEATER.

AND THERE'S A GREAT DEAL OF EXPENSE THAT WENT INTO THAT.

UM, SO IT BEHOOVES THEM, IT BEHOOVES US TO TRY TO FIND ANOTHER, A THEATER AND THAT IS WHAT THEY'RE ACTIVELY DOING RIGHT NOW.

SO WE HAVE A BACKUP PLAN EVENT THAT DOES FALL THROUGH, HOPEFULLY.

THANKS.

THANKS MAYOR KIM.

OKAY, THANKS.

DO WE, WE DON'T, WE DON'T HAVE ANY OWNERSHIP OR ANY TIES TO THAT BUILDING DOING, UH, UH, THROUGH THE MAYOR COUNCIL, UH, VICE MAYOR STEWART.

WE DO HAVE A GIBLET ON THERE.

THAT'S REALLY THE ONLY THING.

UM, SO IT'S, IT'S A DIFFERENT USE, UH, UNLESS IT'S A PERMITTED USE THAT KEVIN JUST SPOKE ABOUT, THEY WOULD HAVE TO COME BACK THROUGH COUNCIL AND IT WOULD HAVE TO BE APPROVED IN ORDER TO RETAIN THE GIBLET CORRECT.

OTHERWISE THEY CAN DO WHATEVER THEY WANT.

CORRECT.

ANY ADDITIONAL QUESTIONS? ALL RIGHT.

NEXT THREE, I CALLED IN NUMBER 16 AND 17 COUNCIL MEMBER ORLANDO ALSO ASKED FOR A BRIEFING ON NUMBER 18.

UM,

[16. Resolution No. 5456, Authorizing the Issuance and Sale of Not To Exceed $150,000,000 in Excise Tax Revenue Refunding Obligations, Taxable Series 2021 Move City Council pass and adopt Resolution No. 5456, prepared by the City’s bond counsel firm of Gust Rosenfeld, P.L.C, authorizing the issuance and sale of not to exceed $150,000,000 in Excise Tax Revenue Refunding Obligations, Taxable Series 2021. Council Focus Area(s):]

[17. Resolution No. 5457, Authorizing the Issuance and Sale of Not to Exceed $75,000,000 in General Obligation (GO) Refunding Bonds, Taxable Series 2021 Move City Council pass and adopt Resolution No. 5457, prepared by City’s bond counsel firm of Gust Rosenfeld, P.L.C., authorizing the issuance and sale of not to exceed $75,000,000 in GO Refunding Bonds, Taxable Series 2021. Council Focus Area(s):]

[18. Resolution No. 5510, Authorizing and Providing for the Issuance and Sale of Not to Exceed $34,000,000 in General Obligation (GO) Bonds, Series 2021 Move City Council pass and adopt Resolution No. 5510, authorizing and providing for the issuance and sale of not to exceed $34,000,000 in General Obligation (GO) Bonds, Series 2021, and authorizing the Management Services Director to determine whether it is in the City’s best interest to sell the GO Bonds in a competitive bid or through a negotiated sale. Council Focus Area(s):]

SO, UH, I THINK JOHN, THIS WOULD BE YOU YOU'D LIKE TO, UH, SHARE, GIVE US A BREECH BRIEFING ON THESE THREE TOGETHER.

AND THEN USE THOSE PROCEEDS TO PAY OFF DEBT THAT IS CURRENTLY OUTSTANDING.

MARIN COUNCIL.

UH, THANK YOU TONIGHT.

UH, THERE ARE A COUPLE BOND REFUNDINGS ON THE AGENDA.

NUMBER 16 AND 17, UH, RESOLUTION 54 56 IS REQUESTING ISSUANCE OF NOT TO EXCEED 150 MILLION IN EXCISE TAX REVENUE OBLIGATIONS.

UH, AND THEN WE ALSO HAVE RESOLUTION 54 57 REQUESTING ISSUANCE OF NOT TO EXCEED 75 MILLION IN GENERAL OBLIGATION REFUNDING BONDS.

UH, WHAT THIS IS DOING OVERALL IS IN OUR FINANCIAL POLICIES APPROVED BY OUR MARIN COUNCIL.

UM, IT DOES STATE THAT WE LOOK FOR OPPORTUNITIES OF ANY, UM, WE IDENTIFY ANY SAVINGS THAT ARE AT LEAST 3% OF PRINCIPLE AMOUNT OF BONDS BEING REFUNDED AND RESULT IN PRESENT VALUE SAVINGS OF AT LEAST $1 MILLION.

AND BASED ON THE CURRENT MARKET, THERE ARE SOME REALLY GOOD OPPORTUNITIES THAT HAVE BEEN IDENTIFIED IN WORKING WITH OUR FINANCIAL ADVISOR AT PIPER SANDLER FILM DAVIS, WHO'S IN THE AUDIENCE AS WELL.

UM, WE WORKED WITH OUR BOND COUNSEL TO DRAFT ALL OF THE DOCUMENTS RELATED TO THIS.

UM, BUT WHAT THIS IS ALLOWING US TO DO IS, UH, SELL BONDS ON THE OPEN MARKET AT A LOWER RATE,

[00:25:01]

UM, THAT IS THAT WE ARE PAYING A HIGHER INTEREST RATE ON.

SO IN THE END MUCH LIKE REFINANCING A HOME FOR AN INDIVIDUAL.

WE DO THAT WITH OUR BONDS AND WE WILL, WE ANTICIPATE GENERATING, PRESENT VALUE SAVINGS ON THE EXCISE TAX REVENUE OBLIGATIONS OF APPROXIMATELY WELL NOT TO EXCEED ABOUT $10 MILLION.

UM, THE GOOD NEWS HERE IS THESE ARE PAID FOR, WITH WATER AND WASTEWATER USER FEES.

SO THAT WILL HAVE A VERY POSITIVE IMPACT ON OUR WATER WASTEWATER FUNDS.

UM, ON OUR GENERAL OBLIGATION BONDS, THE REFUNDING IS ANTICIPATED TO GENERATE NOT TO EXCEED $2.5 MILLION.

AND THIS IS ACTUALLY THE MAJORITY OF THESE ARE PAID FOR, WITH SECONDARY PROPERTY TAXES.

AND SOME OF THEM ARE, UH, WERE SOLD AND PAID FOR, WITH WATER WASTEWATER USER FEES AS WELL.

SO THIS IS A REALLY GREAT OPPORTUNITY FOR US TO TAKE ADVANTAGE OF WHAT'S GOING ON WITH THE MARKET CURRENTLY FOR CITY OF CHANDLER.

SO IN THESE TWO CASES BEFORE YOU GET TO THE THIRD, REALLY THE FIRST ONE WILL HELP STABILIZE THE FEES THAT WE CHARGE OUR COMMUNITY, OR, UM, JUST THE ONGOING, PARTICULARLY AS WE'RE GOING TO BE LOOKING AT A RATE RATE RATES AGAIN.

SO IN THIS WILL CERTAINLY WORK TO OUR FAVOR IN TERMS OF, UH, KEEPING THAT AS STEADY AS POSSIBLE.

AND THE SECOND ONE, AGAIN, THAT LOOKS AT OUR SECONDARY PROPERTY TEXTS OF WHICH HELPS US NOT HAVE TO RAISE THAT AS WELL, CORRECT? YES, MAYOR.

UM, THIS IS A GREAT OPPORTUNITY, UH, ON THE USER FEES, JUST LIKE YOU SAID, IT HELPS US REALLY MINIMIZE RATE CHANGES.

AS WE SEE INCREASES IN CONSTRUCTION AND OPERATIONS AND OUR WATER WASTEWATER FUNDS, WE ALWAYS LOOK FOR THESE OPPORTUNITIES TO REDUCE THAT DEBT SERVICE EXPENDITURE, AND IT CERTAINLY DOES HELP OUR RATES.

UM, ON THE FLIP SIDE, THE GENERAL OBLIGATION BONDS SUPPORTED WITH SECONDARY PROPERTY TAXES.

WHEN WE HAVE AN OPPORTUNITY LIKE THIS, IT REALLY ALLOWS FOR US, IT'S, IT'S KINDA KIND OF ROLLS INTO THE STORY WITH THE NEXT ITEM.

UM, IT ALLOWS US TO SELL NEW BONDS, UH, WITHOUT CHANGING OUR PROPERTY TAX RATE.

SO WE'RE ABLE TO LOWER OUR INTEREST EXPENSES, UM, IN TIME THIS ACCORDINGLY THROUGH PAYOFF OF DEBT AND EVERYTHING THAT WE CAN THEN SELL NEW BONDS TO FUND OUR CAPITAL IMPROVEMENTS IN THE CITY OF CHANDLER AND NUMBER 18 ON THE AGENDA RESOLUTION 55, 10, UM, IS REQUESTING, UH, ISSUANCE OF UP TO 34 MILLION IN GENERAL OBLIGATION BONDS.

UM, AND THIS WILL BE TO FUND PROJECTS THAT ARE ALREADY PLANNED IN OUR CAPITAL IMPROVEMENT PLAN THAT WE, WE DID ALREADY PLAN ON DEBT FINANCING.

UM, AND THE TIMING OF THIS IS JUST RIGHT WITH, UH, PAYOFF OF DEBT, REFUNDING OF BONDS AND LOWERING THAT DEBT AND BEING ABLE TO THEN SELL NEW BONDS AND NOT CHANGE OUR PROPERTY TAX RATES.

AND THIS ONE IS ALSO DEPENDENT UPON OUR BOND SALE COMING UP THE THIRD ONE OR PARTIALLY.

THAT ELECTION IS NOVEMBER 2ND.

YES, MAYOR, THANK YOU FOR BRINGING THAT UP.

THERE IS A SMALL PORTION OF THIS FOR PUBLIX.

I SHOULDN'T SAY SMALL, BUT OF THE FIRE AND A FIRE PORTION OF FUNDS ABOUT 6.4 MILLION.

AND THEN, UH, POLICE HAS ABOUT A LITTLE OVER 600,000 OF THIS THAT IS CONTINGENT ON A SUCCESSFUL SPECIAL BOND ELECTION.

UH, SO WE WOULD NOT ACTUALLY PUT THESE OUT ON THE MARKET TO SELL UNTIL WE KNOW THE RESULTS OF THAT ELECTION, BUT AGAIN, VERY IMPORTANT TO CONTINUE OUR CAPITAL.

SO IT WAS CORRECT.

SURE.

ALL OF OUR AUDIENCES.

COUNCIL MEMBER ATLANTA.

NO, THANK YOU, MARY.

YOU PRETTY MUCH COVERED MOST OF THE AREAS.

I APPRECIATE IT.

UM, BUT THE AREA GOING, ONE OF THE QUESTIONS WE KEEP GETTING OVER AND OVER AGAIN IS, UH, AND THIS IS A GOOD SEGUE INTO THIS.

WHAT WE'RE DOING TONIGHT IS WHEN I HEAR THE WORD FROM RESIDENTS, TELL ME, I HEAR THE WORD.

THIS WILL NOT INCREASE PROPERTY TAXES OR A RATE INCREASE.

WHAT ARE WE SAYING HERE? AND PUT IT IN A COUPLE OF GOOD EXAMPLES OF WHAT WE'RE TRYING TO DO HERE.

OR REFUND AND BRING DOWN DEBT EXPENSE, WHERE WE CAN VERY EASILY BALANCE OUT THAT INTEREST EXPENDITURE AND MAKE SURE THAT WE ARE NOT EXCEEDING OUR REVENUE COMING IN OFF OUR SECONDARY PROPERTY TAX LEVY.

UM, TO THE AMERICAN COUNCIL ORLANDO.

UM, I THINK IF I WERE TALKING TO A CITIZEN ABOUT THIS AND ABOUT OUR UPCOMING BOND ELECTION, I WOULD COMPARE IT A LOT TO, UH, PERSONALLY JUST KNOWING WHAT I MAKE, UM, MY REVENUE THAT I BRING INTO MY HOME.

AND IF I'M LOOKING TO FUND CERTAIN THINGS AND TAKE OUT DEBT, I'M GOING TO MAKE SURE THAT I'M MAKING ENOUGH TO PAY FOR THAT DEBT, THAT, THAT SERVICE.

AND IT'S MUCH LIKE HOW WE OPERATE IN THE CITY.

UH, WE KNOW EXACTLY HOW MUCH REVENUE COMES IN BASED ON OUR PROPERTY TAX RATE.

UM, AND WE BALANCE OUT, UM, THROUGH CAREFUL TIMING OF OUR CAPITAL PLAN TO BE ABLE TO, UM, PAY OFF DEBT, SELL NEW BONDS

[00:30:01]

AND THAT IS EXACTLY HOW WE MANAGE THIS WITHOUT INCREASING THAT PROPERTY TAX RATE.

IT'S ALL ABOUT THE TIMING OF THOSE PROJECTS AND WHEN WE SELL THOSE BONDS AND WHEN WE PAY OFF DEBT.

THIS GENERAL QUESTIONS ON 16, 17, 18 VICE MAYOR.

THANKS DON.

SURE.

I'M JUST CURIOUS, YOU BROUGHT UP BONDING FOR INFRASTRUCTURE AND THINGS LIKE THAT.

DID WE GET ANYTHING, WAS THERE ANY ACTUAL INFRASTRUCTURE MONEY IN THAT LATEST FEDERAL PROGRAM THAT JUST WENT THROUGH? ARE WE GOING TO GET IT LIKE, IS THERE ANYTHING COMING TO THE CITIES? OH, THROUGH THE MAYOR VICE-CHAIR STEWART.

UM, THE, ARE YOU, IF, SO THE ARPA DOLLARS, THE AMERICAN RESCUE PLAN INFRASTRUCTURE DEAL THAT JUST WENT THROUGH LIKE THREE WEEKS AGO? UM, YOU KNOW WHAT I DO NOT KNOW FOR SURE.

I MIGHT ASK JOSH OR CITY MANAGER TO RESPOND.

MR. MAYOR, UH, VICE MAYOR STEWART, OBVIOUSLY THE NEWNESS OF THAT, UH, THAT BILL IS STILL SOMETHING WE'RE ANALYZING.

WE'RE, WE'RE HOPEFUL.

WE'LL BE ABLE TO GET SOME, UH, INFRASTRUCTURE IF THAT CLEARS ALL THE HURDLES AND THERE'S SOME THINGS WE'RE ELIGIBLE FOR.

UM, WE'RE DEFINITELY GOING TO DILIGENTLY PURSUE WHATEVER WE CAN, BUT WE DON'T HAVE AN ANALYSIS AT THIS POINT.

WELL, STAY TUNED.