[0:13] [GAVEL] >> GOOD AFTERNOON. AND WELCOME TO THE REGULAR MEETING OF THE BOARD OF ESTIMATE AND TAXATION FOR JUNE 11, 2025. [0:21] MY NAME IS STEVE BRANDT AND I'M [0:26] THE PRESIDENT OF THE BET. BEFORE WE BEGIN THE MEETING, I WOULD ASK THE CLERK'S OFFICE TO READ THE REMINDER TO THE PUBLIC [0:31] AND THOSE WHO ARE TESTIFYING TODAY. >> BEFORE WE BEGIN THE MEETING, [0:37] I WANT TO OFFER A FRIENDLY REMINDER TO ALL MEMBERS, STAFF, AND THE PUBLIC THAT THESE MEETINGS ARE BROADCAST LIVE TO [0:44] ENABLE GREATER PUBLIC PARTICIPATION. THESE BROADCASTS INCLUDE REAL-TIME CAPTIONING AS A [0:49] FURTHER METHOD TO INCREASE THE ACCESSIBILITY OF OUR PROCEEDINGS TO THE COMMUNITY. THEREFORE, ALL SPEAKERS NEED TO [0:55] BE MINDFUL OF THE RATE OF THEIR SPEECH SO THAT OUR CAPTIONERS CAN FULLY CAPTURE AND TRANSCRIBE [1:01] ALL COMMENTS FOR THE BROADCAST. WE ASK ALL SPEAKERS TO MODERATE THE SPEED AND CLARITY OF THEIR [1:08] COMMENTS. >> AN AT THIS TIME I'LL ASK THE CLERK TO CALL THE ROLL SO WE CAN VERIFY THE PRESENCE OF A QUORUM. [1:15] >> COMMISSIONER FREY IS ABSENT. [1:20] ABENE. >> PRESENT. >> PAYNE. >> PRESENT. >> CHUGHTAI. [1:27] >> PRESENT. >> VICE PRESIDENT PREE-STINSON IS ABSENT. >> PRESIDENT BRANDT. [1:33] >> PRESENT. >> THERE ARE FOUR MEMBERS PRESENT. >> LET THE RECORD REFLECT THAT WE HAVE A QUORUM AND HERE IS OUR [1:39] FIFTH MEMBER, AND THE MAYOR EXPECTS TO ATTEND AT LEAST PART OF TODAY'S MEETING. [1:45] I WILL NOW OFFER AN ACKNOWLEDGMENT THAT WE MEET ON THE LAND THAT IS THE TRADITIONAL [1:50] LAND OF THE DAKOTA AND [1:59] MISHNAJWBE. THE AGENDA WAS POSTED ON LIMS, [2:04] WHICH IS AVAILABLE AT [2:14] LIMS.MINNEAPOLISMN.GOV. BOARD MEMBERS T AGENDA FOR TODAY'S MEETING IS BEFORE US. A MOTION TO ADOPT PLEASE? [2:19] >> SO MOVED. >> OKAY. [2:26] THOSE IN FAVOR? ANYONE OPPOSED? THE AGENDA IS ADOPTED. NEXT IS ACCEPTANCE OF THE MINUTES FROM THE MAY 14, 2025 [2:32] MEETING. MAY I PLEASE HAVE A MOTION TO ACCEPT THE MINUTES? >> SO MOVED. >> SECOND. [2:38] >> ALL RIGHT. WE HAVE A PROPER MOTION BEFORE US. IS THERE ANY DISCUSSION? SEEING NONE, ALL THOSE IN FAVOR SAY [2:44] AYE. THOSE OPPOSED SAY NAY. AYES HAVE IT AND THE MINUTES ARE [2:52] ACCEPTED AS PRESENTED. I WILL CHECK WITH THE CLERK. THIS IS THE PUBLIC COMMENT [2:57] PERIOD. DO WE HAVE ANYBODY SIGNED UP TO TESTIFY TODAY? OKAY, WE HAVE NO ONE SIGNED UP TODAY, SO WE'LL CONTINUE TO THE NEXT ITEM ON OUR [3:03] AGENDA. JUST AS A REMINDER, THE PUBLIC HAS AN OPPORTUNITY EACH OF OUR [3:09] MEETINGS TO COMMENT ON ITEMS THAT ARE ON THAT DAY'S AGENDA. [3:15] ITEM FIVE IS RECEIVING THE 2025 BONDING RESOLUTIONS AND DAVID [3:21] WHEELER SOOSHGS EN -- SENIOR MANAGER, WILL PRESENT THE LIST [3:27] OF NOT YET BONDED AMOUNTS OF CURRENTLY AUTHORIZED CAPITAL [3:44] PROJECTS. >> THANK YOU, PRESIDENT BRANDT AND COMMISSIONERS. I'M DAVE WHEELER, SENIOR [3:49] MANAGER. I'LL JUST CONTEMPORARIFY, WE ARE PRESENTING TODAY THE AUTHORIZING AND AWARDING RESOLUTIONS FOR THE [3:56] 2025 VARIOUS PURPOSE BOND ISSUE. I WAS HERE LAST MONTH TO PRESENT ALL OF THE AUTHORIZED PROJECTS. [4:01] >> YOU'RE RIGHT. IT'S CORRECT ON THE AGENDA, BUT INCORRECT IN MY SCRIPT. [4:07] >> JUST A QUICK CLARIFICATION THERE. SO THESE ARE THE RESOLUTIONS THAT ALLOW US TO BRING THE BOND [4:13] ISSUE TO MARKET, ACCEPT BIDS FROM UNDERWRITERS, AND ULTIMATELY AWARD A SALE BASED ON [4:19] THE LOWEST INTEREST COST OF THE CITY FOR THE BOND ISSUANCE. I PREPARED JUST A BRIEF [4:24] PRESENTATION TO KIND OF DETAIL WHAT IS IN THESE RESOLUTIONS AND AN OVERVIEW OF THE ISSUANCE [4:31] PROCESS THIS YEAR. THESE ARE THE RESOLUTIONS BEFORE YOU. THE PROJECT FUNDING REQUESTS [4:37] THIS YEAR, WE HAVE THE TOTAL OF $146 MILLION IN PROJECT FUNDING. [4:44] BELOW THAT HEADLINE NUMBER THERE ARE THE BREAKDOWN BY BONDING TYPE, THE LEVY FUNDED DEBT [4:51] AROUND $80 MILLION. ENTERPRISE, REVENUE-BACKED PROJECTS THAT IS UTILITY IMPROVEMENTS AND CONSTRUCTION [4:56] PROJECTS TOTALLING $58 MILLION. AND THEN CITY IMPROVEMENTS AND THE PARK BOARD DISEASE TREE [5:03] PROGRAM, WHICH ARE BACKED BY SPECIAL ASSESSMENTS OF $8 [5:10] MILLION FOR PROJECT CONSTRUCTION COSTS. THESE ARE EXPENSES THAT HAVE BEEN INCURRED OR WE EXPECT TO [5:15] INCUR OVER THE NEXT 12 TO 18 MONTHS ON THE PROJECTS WE WORK CLOSELY WITH PROJECT MANAGEERS AND OTHER DEPARTMENTS TO [5:22] ESTABLISH THESE SPENDING FORECASTS AND BRING THESE FORTH FOR BONDING THIS YEAR. [5:29] FORCE JUST FOR REFERENCE, THERE'S A TOTAL OF 115 REQUESTS THIS YEAR. OVER ON THE RIGHT, THE PROJECT [5:35] FUNDING REQUEST INCLUDED IN EXHIBITS A-C IN THE RESOLUTIONS. THAT'S A LITTLE ABOVE THE PAST [5:41] FEW YEARS. WE HAVE AVERAGED RIGHT AROUND 100. THAT INCREASE IS PRIMARILY ON THE LEVY FUNDED PROJECT SIDE, SO [5:47] CITY, CAPITAL INFRASTRUCTURE PROJECTS, WHICH IS WHAT -- KIND OF WHAT WE EXPECTED OUR CAPITAL [5:54] BONDING PROGRAM HAS ANTICIPATED AN INCREASE IN AMOUNT AND SPENDING OVER THE NEXT FEW [6:00] YEARS. BELOW IS JUST AN ESTIMATE OF THAT ESTIMATED PAR AMOUNT THAT WE WOULD ISSUE TO RAISE THESE [6:08] FUNDS REQUESTED. WE DO EXPECT, AGAIN, THIS YEAR TO RECEIVE A BIT OF PREMIUM ON [6:13] THE BONDS ISSUED THAT WOULD BE USED TO REDUCE THE OVERALL ISSUE AND SIZE. OF COURSE, ANYTHING CAN CHANGE. [6:19] IT'S ALL PRELIMINARY, BUT WE ARE EXPECTING ANYWHERE FROM $1 TO MAYBE $5 MILLION TO REDUCE THAT [6:27] OVERALL ISSUANCE SIZE. THE QUICK OVERVIEW OF SOME SALE CONSIDERATIONS. [6:32] WE DO HAVE A PLANNED SALE FOR JULY OR AUGUST. I WILL MAKE A QUICK NOTE, SOME [6:38] OF THE SALES SPECIFIC ITEMS IN THE RESOLUTION ARE SUBJECT TO MINOR CHANGES KIND OF WITHIN [6:44] REASON. PERFECT EXAMPLE I WILL LAY OUT IS WE DO JULY 22 IS A SALE DATE. [6:51] THAT IS MORE OR LESS KIND OF A GOAL DATE THAT WE'RE WORKING TOWARDS, NOT AN EXACT DATE OF THE SALE YET. WE WILL WORK WITH OUR MUNICIPAL [6:59] ADVISORS TO DETERMINE THE BEST DATE TO GO TO MARKET WHEN WE [7:05] EXPECT THE BIDS AS THAT DATA APPROACHES. A FEW OTHER CONSIDERATIONS OR ITEMS THAT MIGHT IMPACT THE BEST [7:12] SALE DATE FOR US, THE PUBLIC RELEASE OF THE CITY'S AUDITED [7:18] FINANCIAL STATEMENTS. WE ALSO WORK WITH RATING AGENCIES TO RATE THIS ISSUE, SO A FEW THINGS THAT MIGHT IMPACT [7:26] WHEN AND WHAT DATE WE ULTIMATELY SELL ON. [7:31] THE ISSUE IS STRUCTURED TO MATURE IN 2044 WITH AN OPTIONAL REDEMPTION IN 2034. [7:37] SO AT THAT POINT WE HAVE THE OPTION TO CALL BONDS THAT ARE OUTSTANDING. [7:43] WE'LL, AGAIN, HAVE THIS ISSUE RATED BY S&P AND FITCH. OF COURSE, WE MENTION WE HAVE [7:48] THAT THIRD RATING THAT MOODY'S CARRIES ON WITH AN ISSUE RELATED TO PAST ISSUES. WE WILL, AGAIN, JUST HAVE THE [7:55] FITCH AND S&P RATE THIS ISSUE AS WE HAVE IN THE PAST. [8:02] ONE FINAL POINT, I WILL MENTION, THERE ARE NO CURRENT REFUNDING OPPORTUNITIES FOR THE CITY BY [8:07] WAY OF INTEREST COST SAVINGS. IT IS SOMETHING WE MONITOR AND RUN ANALYSIS FOR THROUGHOUT THE [8:16] YEAR, SO IT'S SOMETHING WE TAKE A SPECIAL LOOK AT WHEN WE DO A NEW MONEY ISSUE, SPECIFICALLY [8:23] BECAUSE THERE'S ALWAYS COST EFFICIENCIES TO BE GAINED FROM INCLUDING ANY REFUNDINGS IN A [8:29] NEW MONEY ISSUE. FORTUNATELY, WE AREN'T ANYWHERE [8:34] CLOSE TO SAVINGS AT THIS POINT FROM THE CALLABLE ISSUES. AS WE PROGRESS AND OPPORTUNITIES [8:39] ARISE, WE'LL BRING THOSE TO THE BOARD. AND THIS IS JUST KIND OF A FINAL LOOK AND I PRESENTED THIS SLIDE [8:46] LAST MONTH AND UPDATED IT AND WITH RATES FROM YESTERDAY AND NOT MUCH AS CHANGED AS FAR AS [8:52] MARKET YIELDS. WE ARE EXPECTING INCREASED INTEREST COSTS OVER THE LAST FEW YEARS FOR REFERENCE, THE 2023 IS [9:01] THAT SECOND LINE IN GREEN THAT WAS ABOUT 3 3/4 PERCENT ANNUAL INTEREST RATE. [9:06] OUR ESTIMATES FOR THIS YEAR ARE RIGHT AROUND 4% ANNUAL INTEREST RATE. SO AGAIN, PRELIMINARY AND THINGS [9:13] DO CHANGE, BUT WE DO EXPECT A HIGHER INTEREST RATE COST, BUT [9:19] NOTABLY STILL WITHIN OUR [9:26] EXPECTED AND PRO FORMA AND THE TAX INCENTIVE SIDE AND ENTERPRISE SIDE. [9:31] AT THIS POINT, NOTHING CHANGES THE EXPECTATIONS OR PLANNING AROUND THE BOND ISSUANCE, BUT JUST SOMETHING TO BE AWARE OF [9:37] THAT THE MARKET YIELDS ARE HIGHER RIGHT NOW. AND SO IT WILL BE INCREASED COSTS TO THE CITY FOR NOW. [9:46] AGAIN, TRIED TO BE BRIEF, BUT A QUICK OVERVIEW AND DETAIL ON THE SALE PROCESS. I'M HAPPY TO STAND FOR ANY [9:52] QUESTIONS AT THE MOMENT. >> DO MY COLLEAGUES HAVE ANY QUESTIONS? [10:01] >> OKAY. I HAVE COUPLE MINOR ONES. THE POINT OF THE RESOLUTION [10:07] REFERENCES THE BOND COMMITTEE, WHICH IS OBVIOUSLY EFFECTIVE [10:14] WITHIN THE CITY. DO YOU ANTICIPATE THAT OUR NEW STAFFER WILL BE A PARTICIPANT IN THE BOND COMMITTEE? [10:20] >> PRESIDENT BRANDT, YES, CURRENTLY IN THE DEBT POLICY, IT IS LISTED AS THE EXECUTIVE SECRETARY TO THE BOARD, BUT AS A [10:26] MEMBER OF THE, I BELIEVE, THE DEBT MANAGEMENT COMMITTEE IS THE TECHNICAL LABEL FOR IT. [10:32] YES, THAT STAFF MEMBER IS PART OF THAT COMMITTEE. >> GREAT. THAT WAS MY RECOLLECTION, BUT I JUST WANTED TO REFLESH MYSELF ON [10:39] THAT. AND THEN THE MUNICIPAL ADVISOR APPARENTLY HAS NOT YET BEEN [10:46] DESIGNATED. IT IS A SELECTION MADE BY THE C.F.O. >> PRESIDENT BRANDT, OUR [10:51] MUNICIPAL ADVISOR IS ELERS AND ASSOCIATES. >> I THOUGHT THE RESOLUTION SAID TO BE DESIGNATED, BUT MAYBE [10:59] THAT'S JUST A MINOR DETAIL. >> I WOULD HAVE TO REFERENCE THE [11:05] LANGUAGE SPECIFICALLY. IT WILL BE ELLERS. >> EXCUSE ME. [11:11] OKAY. I THOUGHT IT MIGHT BE EDUCATIONAL FOR THE PUBLIC TO JUST GET A SENSE OF WHAT SOME OF THIS MONEY IS GO TO GO TO WORK [11:16] DOING. IT'S A LONG LIST, SO I WON'T ATTEMPT TO READ IT ALL, BUT WE HAVE THREE BUCKETS ESSENTIALLY. [11:23] ONE IS THE $8 MILLION BUCKET AND THAT DEALS MAINLY ARE STREET [11:29] RESURFACINGS AND DISEASE TREE REMOVAL THAT WILL BE REPAID BY PROPERTY OWNERS TO THE CITY. [11:37] THERE'S ANOTHER BUCKET OF UTILITY PROJECTS AND THOSE ARE THINGS LIKE PUMPS TO PUMP WATER [11:44] AND SEWAGE AROUND STORM TUNNEL REPAIRS, WATER FACILITY [11:52] IMPROVEMENTS AND SO ON. THEN THERE ARE -- THERE'S A [11:58] BIGGEST BUCKET IS ESSENTIALLY PROJECTS THAT PEOPLE PROBABLY MORE TYPICALLY SEE THE BENEFIT [12:04] FROM AND FOR EXAMPLE, THE PUBLIC OUT AT THE UPPER HARBOR [12:09] PEDESTRIAN BIKE-SAFETY IMPROVEMENT PROJECTS, TRAFFIC LIGHTS, FARMER'S MARKET IS [12:14] SLATED FOR SOME IMPROVEMENTS. THE SOUTH MINNEAPOLIS COMMUNITY SAFETY CENTER, WHICH I BELIEVE [12:22] WILL BE THE NEW HOME OF THE THIRD PRECINCT IS ALSO ON THE LIST. THAT'S THE BIGGEST PROJECT. [12:28] AND FOR THOSE OF YOU WHO LIKE PARKS, THERE'S GOING TO BE WORK FINANCED BY THIS BOND ISSUE AT [12:33] ELLIOTT PARK, EAST PHILLIPS PARK, AUDUBON, BOHANNON, [12:41] CLEVELAND, AND STEWART PARK. I THOUGHT THAT MIGHT PUT MORE OF A LITTLE FACE ON HOW THE MONEY [12:48] IS GOING TO BE PUT TO WORK. IF THERE ARE NO MORE QUESTIONS -- EXCUSE ME, COMMISSIONER [12:53] ABENE. >> THANK YOU, PRESIDENT BRANDT. JUST SINCE YOU NAMED THE PARK PROJECTS, ONE THING THAT IS [12:58] NOTABLE TO ME IN THE LIST OF THE PROJECTS IS COMMEND TO BELIEVE THE PARK BOARD IS A LOT OF TRANSPARENCY AROUND OUR [13:04] PROJECTS, OUR C.I.P., AND IT'S JUST PART OF THAT. WE HAVE SPECIFIC PARK PROJECTS [13:10] NOT CATEGORICAL AREAS OF SPENDING AND THE CITY DOES MORE [13:15] OF THAT AND TO SEE BONDING FOR A SPECIFIC PLANNED IMPROVEMENTS IN THE PARK THAT ARE IN A SIX-YEAR [13:21] WINDOW AND A SIX-YEAR VIEW. SO THANKS FOR LETTING ME SAY THAT. >> COMMISSIONER PREE-STINSON. [13:28] >> TWO QUESTIONS. ONE PROCESS QUESTION. THE SPECIFIC PROJECTS THAT IS RELATED TO THE EMERALD ASH [13:37] BOARER, ARE WE ABLE TO PULL THAT OUT AND VOTE SPECIFICALLY ON THAT ONE PROJECT? [13:43] >> I WILL LET MR. HAMMER DEAL WITH THAT. I KNOW THAT IN THE PAST WE HAVE [13:53] BEEN TOLD WE CAN'T TAKE INDIVIDUAL PROJECTS OUT OF THE LIST THAT PRECEDES THIS. [14:01] >> COMMISSIONER BRANDT, COMMISSIONER, YOU CAN AMEND THE RESOLUTION TO REMOVE PROJECTS. WHAT YOU ARE MENTIONING IS WHEN [14:08] THE LIST OF THINGS COMES FROM THE COUNCIL, WE'RE JUST ACCEPTING THE LIST THAT'S BEEN PROVIDED TO US. [14:13] SO THERE'S NO REASON TO AMEND IT, BUT THIS IS A RESOLUTION AUTHORIZING THE BOARDS THAT THE BOND IS TAKING AND IT CAN BE [14:18] AMENDED. >> ALL RIGHT. AND I SUPPOSE IN ORDER TO DEAL WITH -- I'M SORRY. [14:24] DO YOU HAVE MORE TO SAY, COMMISSIONER PREE-STINSON? >> ONE, I WANTED TO SAY THAT SO THE PUBLIC IS AWARE, AND I [14:29] WANTED TO MAKE SURE THAT WE COULD. I WOULD ACTUALLY LIKE TO DO THAT. THE OTHER THING THAT I WOULD LIKE TO DO IS FOLLOW-UP. [14:36] I DON'T THINK -- MAYBE SOMEBODY HERE IS ABLE TO SPEAK IT TO, BUT I WOULD LIKE FOLLOW-UP AFTER THIS MEETING SPECIFICALLY ABOUT [14:41] THERE WAS SOME WORK THAT WAS DONE AT THE STATE TO ALLEVIATE SOME OF THE PRESSURE ON [14:48] HOMEOWNERS, SPECIFICALLY LOWER INCOME HOMEOWNER, ESPECIALLY THOSE ON THE NORTH SIDE WHO WERE DEEPLY IMPACTED BY THE EMERALD [14:55] ASH BOARER REMOVES, SO I'M INTERESTED AT THE WORK DONE AT [15:00] THE STATE O ALLEVIATE SO WE'RE AWARE OF THAT WORK THAT HAPPENED OUTSIDE OF OUR MINNEAPOLIS GOVERNMENT BODY. [15:08] I WOULD LIKE THAT INFORMATION. >> ALL RIGHT. I SUSPECT STAFF IS NOT PREPARED [15:13] TO ANSWER THAT QUESTION TODAY. [15:19] I THINK BEFORE WE TALK ABOUT -- EXCUSE ME, COMMISSIONER? [15:25] >> I KNOW SOME ABOUT WHAT'S BEEN DONE. THERE'S BEEN A VARIETY OF [15:31] DIFFERENT PHILANTHROPIC EFFORTS THAT HAVE YIELDED RESULTS INCLUDING BEING ABLE TO GO BACK [15:36] AND PAY FOR PEOPLE WHO HAD ALREADY PAID THE ASSESSMENT. SO WHAT THIS PARTICULAR ASSESSMENT WILL DO, IT'S ESSENTIALLY FOR TREES THAT WILL [15:41] BE REMOVED DURING THIS CALENDAR YEAR OR SO THAT WE GET [15:50] REIMBURSED FOR -- WE CAN PAY THE CONTRACTORS THAT EARE MOVE THE TREES, BUT THESE WOULD BE [15:57] ANTICIPATED ON PRIVATE PROPERTY UP TO THAT AMOUNT, STILL CITY WIDE. THAT IS WHAT THIS IS FOR. THAT IS THE TYPICAL WAY OF DOING [16:06] IT, BUT THERE'S NOW ON OFF-RAMP FOR PEOPLE THAT QUALIFY BASED ON A BUNCH OF DIFFERENT CRITERIA FOR REIMBURSEMENT OR WAIVING AND [16:14] THINGS LIKE THAT. >> I THINK THAT THE FIRST ACCEPT [16:19] WE SHOULD TAKE BEFORE COMMISSIONER PREE-STINSON PRESENTS WHATEVER AMENDMENT SHE WANTS TO PRESENT IS TO MOVE THE [16:27] RESOLUTIONS. I WOULD ASK THE CLERK FOR GUIDANCE ON WHETHER WE WOULD MOVE THEM TOGETHER OR WHETHER [16:32] EACH NEEDS TO BE MOVED SEPARATELY. [16:39] >> YOU CAN MOVE THEM BOTH TOGETHER AS ONE. OR SEPARATELY. IT'S UP TO THE SHARE'S [16:45] DISCRETION. >> COMMISSIONER PREE-STINSON. >> ESSENTIALLY WHAT I'M ASKING FOR IS A ROLL CALL VOTE SPECIFICALLY ON THAT PROJECT SO [16:50] IT'S PULLED OUT AND SPECIFICALLY FOLK CANS SEE WHERE WE ALIGN ON THAT PARTICULAR ISSUE IS WHAT I WOULD BE ASKING FOR US TO DO. [16:57] JUST TO CLARIFY WHAT MY ASK IS. >> I THINK THE ONLY WAY TO GET A ROLL CALL VOTE SPECIFICALLY ON [17:03] THAT PROJECT WOULD BE AN AMENDMENT TO DO SOMETHING WITH [17:08] IT. TYPICALLY TO DELETE, BUT FIRST [17:16] CAN WE HAVE A MOTION TO MOVE THE TWO BONDING RESOLUTIONS THAT ARE BEFORE US. [17:28] >> I'LL MOVE THE 2025 [17:33] AUTHORIZING -- WELL, I DON'T SEE THE RESOLUTION ON HERE. I'LL MOVE THE TWO BONDING [17:39] RESOLUTIONS. >> ALL RIGHT. THERE'S BEEN A MOTION MADE. IS THERE A SECOND? [17:49] ANY DISCUSSION? COMMISSIONER PREE-STINSON, WOULD YOU LIKE TO MAKE A MOTION? [17:54] >> SO TO CLARIFY THE CLARIFYING, WE CANNOT DO A ROLL CALL VOTE [18:00] SPECIFICALLY ON THE PROJECT? IS THAT CORRECT? [18:09] >> MR. CHAIR TO VICE CHAIR, VICE PRESIDENT PREE-STINSON'S QUESTIONING, I AM KIND OF [18:15] THINKING THIS THROUGH AT THE [18:26] MOMENT. TO ME IT WOULD MAKE MORE SENSE TO DEAL WITH AS AN AMOUNT RATHER [18:40] THAN TO PULL OUT ONE BY ONE SPECIFICALLY BECAUSE THIS REQUIRED 2/3 OF THE BODY'S [18:47] MEMBERSHIP RATHER THAN -- THAT'S CORRECT. 2/3 OF THE BODY'S MEMBERSHIP TO [18:52] AUTHORIZE BOND SALES, WHICH MEANS THERE'S A HARD FOUR. SO I AM NOT SURE WE COULD REALLY [18:58] KIND OF TAKE OUT JUST THIS ONE PROJECT BECAUSE IT WOULD, AGAIN, [19:05] HAVE IMPLICATIONS ON THE REST OF THE RESOLUTION. >> SO JUST, IF I COULD CLARIFY [19:14] THAT, IF YOU ARE SAYING IT IS POSSIBLE TO DELETE A SPECIFIC [19:21] PROJECT. COMMISSIONER PREE-STINSON, DO YOU WANT TO GO THAT DIRECTION? >> POINT OF INFORMATION, MR. CHAIR. [19:26] POINT OF INFORMATION. >> I'M SORRY. >> YEAH. [19:34] I REALLY APOLOGIZE. I AM HOPING THIS WILL HELP US SEEK TO GET TO A CLOSER TO A [19:41] RESOLUTION. MR. CHAIR, THE QUESTION FOR COMMISSIONER PREE-STINSON, I'M WONDERING IF SHE CAN JUST REPEAT [19:48] WHICH ITEMS SHE IS TALKING ABOUT IN THE RESOLUTION AND LET'S SEE IF WE CAN JUST QUICK WHIP UP AN [19:55] AMENDMENT, I THINK THAT'S VERY DOABLE. >> IT'S SPECIFICALLY THE -- I'D [20:01] HAVE TO LOOK UP THE PROJECT CODE. IF MY COLLEAGUES COULD HELP [20:06] HERE, I AM HAVING I.T. ISSUE, BUT THE PROJECT CODE SIMILAR TO THE EMERALD ASH BOOKER. [20:13] >> THE DISEASE TREE REMOVAL? >> YES. >> MR. PRESIDENT, IF IT'S OKAY, [20:22] I THINK WE CAN HAND IT WILL I IMPLICATIONS OF THAT AMENDMENT. [20:27] I AM NOT SURE WE NEED A WRITTEN AMENDMENT PREPARED AT THIS MOMENT. WHAT I AM SUGGESTING IS I THINK [20:37] THE PROCESS OF CONSIDERING THESE ITEMS SEPARATELY WOULD NEED TO BE HANDLED ON THE AMENDMENT. [20:43] >> I'M NOT DONE WITH MY POINT OF INFORMATION. >> OKAY. >> THEN WOULD IT BE, MR. CLERK, WOULD IT BE APPROPRIATE AT THIS [20:49] TIME FOR COMMISSIONER PREE-STINSON TO MAKE AN [20:55] AMENDMENT TO CONSIDER THOSE TWO ITEMS FIRST? >> COMMISSIONER PREE-STINSON, I [21:00] HAVE THE THE 'FRO TWO NUMBERS IF YOU WOULD LIKE TO MAKE A MOTION TO DELETE THE DISEASE TREE [21:07] PORTION OF THE ASSESSMENT. >> THAT IS THE MOTION THAT I WOULD LIKE TO MAKE. >> OKAY. [21:12] SO THAT WE CAN JUST VOTE ON THATENED A WE CAN MOVE FORWARD WITH HOWEVER WE MOVE, BUT THAT WOULD BE WHAT I WOULD LIKE TO DO. [21:20] >> SO IT'S 2023 ARE 384 AND 2024 [21:34] ARE 444. ARE YOU MOVING THE DELETION OF THOSE TWO ITEMS? >> YES, I AM. [21:41] >> IS THERE A SECOND? >> IS THERE A SECOND? [21:47] >> SECOND. >> SECOND FROM COMMISSIONER [21:53] CHUGHTAI. ALL RIGHT. WE HAVE A MOTION BEFORE US. IS THERE ANY DISCUSSION ON THE [22:02] MOTION? >> PRESIDENT BRANDT? >> IF I COULD SAY SOMETHING. >> CERTAINLY. [22:07] >> PRESIDENT BRANDT AND MEMBERS OF THE BOARD, I AM ALAN HOPPY, DIRECTOR OF BANKING AND [22:14] INVESTMENTS. THE DISEASE TREE PROJECTS FALL UNDER THE ASSESSABLE PROJECTS. [22:24] WHEN WE BRING THEM TO YOU, WE'RE SEEKING FINANCIAL REIMBURSEMENT [22:29] FOR WORK THAT HAS ALREADY BEEN [22:34] DONE. SO THE TIME TO WEIGH IN ON PROJECTS WHERE YOU WOULD MAYBE [22:41] NOT WANT SOMETHING DONE OR DO WANT SOMETHING DONE IS EARLIER ON IN THE WHOLE PROCESS. [22:46] AT THIS POINT IN TIME THE CITY HAS SPENT THE MONEY AND THE [22:54] PROPERTY OWNERS ARE BEING ASSESSED. THIS WAS DONE TYPICALLY IN DECEMBER FOR SUBSEQUENT YEARS. [23:01] ALL WE'RE DOING IS PROVIDING A FINANCIAL MECHANISM FOR THE CITY TO GET REIMBURSED OVER THE [23:09] PERIOD OF TIME THAT TAXPAYERS ARE REPAYING THESE ASSESSMENTS CORRESPONDS WITH THE BOND [23:16] MATURITIES THAT WE HAVE PLANNED. >> I THINK THAT'S VERY HELPFUL INFORMATION FOR US TO HAVE, MR. [23:22] HOPPY. YOU ARE SAYING THIS IS ESSENTIALLY THE FINANCING MECHANISM FOR WORK THAT'S ALREADY BEEN DONE. >> THAT IS CORRECT. [23:27] >> ALL RIGHT. WE HAVE A MOTION BEFORE US. IS THERE ANYMORE DISCUSSION? >> COMMISSIONER PREE-STINSON, YOUR LIGHT IS ON. [23:35] >> YES. >> WITH THAT BEING SAID, IS THIS JUST TAKING CARE OF THE PAST WORK, MR. HOPPY? IS THERE [23:42] FUTURE WORK THIS WOULD ALSO BE REIMBURSING? >> PRESIDENT BRANDT AND [23:49] COMMISSIONERS, THIS IS REFERRING JUST TO PAST WORK THAT HAS BEEN ASSESSED AS OF THE END OF THE [23:55] MOST RECENT DECEMBER. I CAN'T SPEAK FOR ANY WORK THAT HAPPENED LAST MONTH OR ANY OF [24:00] THAT KIND OF STUFF. BUT THIS IS JUST -- JUST STUFF THAT'S ALREADY BEEN PACKAGED UP [24:07] AND JUST DOING THE FINANCIAL PART OF PAYING FOR THE ACTIONS [24:12] AND THE PHYSICAL WORK THAT'S ALREADY HAPPENED. >> THERE WOULD POTENTIALLY THEN [24:17] BE A FUTURE BONDING THAT WOULD COME BEFORE US FOR FUTURE WORK AT THE BEGINNING OF THE PROCESS, IN WHICH THE THING THAT I AM [24:23] TRYING TO DO NOW WOULD BE MORE APPROPRIATE. WOULD THAT BE FAIR? >> PRESIDENT BRANDT AND MEMBERS [24:31] OF THE COMMISSION, BOARD HERE, I GUESS THAT WOULD BE DIRECT. [24:37] AGAIN, I WOULD GO BACK TO THE [24:43] ENTIRE CAPITAL PROCESS AND THE BUDGETS ASPECT AND KNOWING WHEN A PROJECT IS INTRODUCED, [24:49] PRESENTED AND COMING UP FOR DISCUSSION AND VOTING. MOST OF THAT IS, OF COURSE, [24:55] HAPPENING ON THE CITY SIDE OR THE PARK BOARD IN THEIR [25:01] PARTICULAR CASE. WHEN WE'RE COMING TO THE BOARD, THE FINANCE DEPARTMENT, WE'RE [25:08] COMING TWICE. ONCE TO SHOW YOU THE LIST OF PROJECTS -- YOU DID SEE THIS A [25:14] COUPLE OF WEEKS AGO. NOW WE'RE COMING TO JUST DO THE [25:21] FINANCING. >> OKAY. WHAT I WANT TO MAKE SURE I'M NOT DOING OR THAT ANYBODY WOULD BE [25:27] DOING IS ESSENTIALLY PENCIL [25:36] WHIPPING SOMETHING AND IT IS SOMETHING THAT I WANT TO CLOSELY MONITOR AND TRACK TO TAKE A VOTE [25:41] THAT MATTERS AND ISN'T HOLDING UP FINANCIALS FOR WORK THAT'S ALREADY BEEN DONE. [25:48] I WANT TO MAKE SURE I'M NOT PENCIL WHIPPING A DECISION TO [25:55] CAUSE HARM AND SPECIFICALLY LOW INCOME BLACK PEOPLE ON THE NORTH SIDE AND NORTHEAST. IT HAS BEEN A LARGE PROBLEM. [26:01] IT HAS BEEN VERY PAINFUL. IT HAS IMPACTED ME AS WELL. I WANT TO MAKE SURE THAT I AM NOT MAKING A DECISION THAT IS [26:06] GOING TO CAUSE FURTHER HARM. IF MY UNDERSTANDING IS CORRECT THAT THIS IS JUST A [26:12] REIMBURSEMENT AND THAT A LATER DATE IF FUTURE WORK IS DONE, THERE WOULD BE THE APPROPRIATE TIME THAT THERE WOULD BE A VOTE [26:19] TO TAKE WITHIN THE DECISIONS THAT WE'RE ALLOWED TO MAKE STOP THE PROCESS FROM HAPPENING [26:25] BEFORE THERE'S MONEY TO BE REIMBURSED? THEN I WOULD [26:31] RESCIND MY MOTION AND WE CAN GO AHEAD AND MOVE FORWARD. IF THAT'S NOT THE CASE, THEN I [26:37] WOULD KEEP MY AMENDMENT ON THE TABLE. >> IF I COULD JUMP IN HERE, MY [26:43] UNDERSTANDING FROM OUR ATTORNEY IS WHEN THE AUTHORIZED BUT NOT [26:48] ISSUED LIST IS BROUGHT TO US BY STAFF, AND I THINK WE TYPICALLY RECEIVE AND FILE IT, WE ARE NOT [26:56] FREE TO DELETE. >> PRESIDENT BRANDT, COMMISSIONERS, YES, THAT'S CORRECT. I THINK WHAT'S HAPPENING HERE IS [27:03] THE CITY COUNCIL HAS THE AUTHORITY DEPENDING ON WHETHER IT'S STATE LAW OR CHARTER, [27:08] ALTHOUGH I THINK IT'S MOSTLY STATE LAW ASSESSMENTS TO LEVY THE ASSESSMENTS AND APPROVE THE [27:15] PROJECTS. SO THOSE ASSESSMENT, MR. HOPPY CAN CORRECT ME IF I AM GOING OUT OF MY LANE HERE, BUT THOSE [27:20] ASSESSMENTS ARE MAYBE PAID OVER A 20-YEAR PERIOD. PURSUANT TO THE ASSESSMENT LAW, BUT WE NEED TO DO THE MONEY TO [27:26] DO THE PROJECT THAT'S BEEN APPROVED NOW. WHAT THIS IS JUST DOING IS [27:32] GETTING THE CITY THE MONEY TO PAY FOR THE PROJECT TODAY INSTEAD OF HAVE THOSE FUNDS COME IN OVER A 20-YEAR PERIOD. [27:40] SO THAT IS WHAT IS HAPPENING. THE DECISION TO ASSESS PROPERTY [27:47] OR UNDERTAKE A PROJECT DOES NOT COME BEFORE THE BOARD, BUT THE DECISION TO FINANCE ASSESSMENTS [27:53] OVER TIME IS A BOOED ISSUANCE THAT COMES BEFORE THE BOARD. >> IF I'M INTERPRETING WHAT YOU ARE SAYING CORRECTLY, [27:59] COMMISSIONER PREE-STINSON'S DESIRE TO BE ABLE TO STOP THINGS FURTHER ON IS NOT WITHIN THE [28:07] POWER OF THE BOARD OF ESTIMATE. I DON'T WANT TO MISLEAD YOU YOU WILL HAVE AN OPPORTUNITY TO KEEP THIS FROM HAPPENING IN THE [28:15] FUTURE, BUT IF YOU WITHDRAW THE AMENDMENT. >> I HAVE ONE OTHER QUESTION. IT'S A LARGER QUESTION. [28:20] IN AS MUCH BRIEF SUMMARY AS YOU CAN PROVIDE, MR. HOPPY, WHAT IS THE IMPACT OF THE CITY HAVING TO [28:26] WAIT 20 YEARS TO GET THE PAYOUTS RATHER THAN THE MONEY COMING [28:38] NOW? WHAT IMPACT HAVE? >> IT IS NEGATIVE CASH FLOW. THE CITY HAS SPENT THE MONEY AND IS LOOKING TO RECOVER THAT CASH. [28:45] HAVING TO WAIT MULTIPLE YEARS TO COLLECT THAT MEANS THE REST OF [28:51] THE CITY TAXPAYERS ARE BASICALLY FUNDING THAT ON AN INTERIM [28:57] BASIS, THE INTEREST COST. >> COMMISSIONER PREE-STINSON, WHAT'S YOUR PLEASURE ON YOUR AMENDMENT? [29:02] >> WITH THAT BEING SAID, THAT CAUSES MORE HARM TO THE EXACT PEOPLE, SO I WILL RESCIND THE [29:09] MOTION, BUT THIS WILL COME UP AT A LATER DATE ABOUT HOW THIS BOARD WORKS IN CONCERT AND COLLABORATION WITH OUR OTHER [29:15] LAYERS OF GOVERNMENT. DO ANY OF MY OTHER COLLEAGUES -- I THINK THAT'S THE MOST APPROPRIATE THING TO SAY AT THE MOMENT THERE IS A NEED FOR [29:21] BETTER COORDINATION BECAUSE THIS IS NOT A PENCIL WHIPPING COMMISSION WHERE WE JUST SIGN OFF ON THINGS BECAUSE OTHER [29:27] PEOPLE HAVE ALREADY DONE THE WORK. THAT SHOULDN'T BE OUR INTENTION, AND IT ISN'T, SO I JUST THINK THIS IS THE OPPORTUNITY AND THIS [29:33] IS AN EXAMPLE TO HAVE BETTER COORDINATION IN WORKING WITH ONE ANOTHER SO WE DON'T U END UP [29:40] HERE. MY CONCERN IS VALID. I DON'T THINK ANYBODY IS SAYING IT'S NOT, BUT IT'S CERTAINLY A [29:47] CONUNDRUM. AND BY KEEPING MY AMENDMENT ON THE TABLE, I WOULD END UP LIKELY [29:53] CAUSING MORE HARM IF THE VOTE WENT THAT WAY. I THINK ONE OF MY COLLEAGUES WANTS TO WEIGH IN, SO BEFORE I [30:01] RESCIND, ONE OF THE MY COLLEAGUES WANTS TO WEIGH IN. >> IT SOUNDS LIKE THAT UPSTREAM [30:07] DECISION POINT IS A CITY COUNCIL DECISION AND THERE'S A LOT OF INTEREST ON CITY COUNCIL AROUND [30:12] ASSESSMENTS AND EQUITY. AND I THINK THAT YOU'RE EXACTLY [30:18] CORRECT IN RECOGNIZING THAT WE NEED TO CLOSE THE FEEDBACK LOOPS BETWEEN THE TWO DECISIONS. [30:24] THEY FEEL DISCONNECT AND SILOED. IT SEEMS TO ME THERE WOULD BE AN ADDITIONAL HARM TO VOTE THIS [30:29] DOWN TODAY OR DELETE THIS. [30:42] IT WOULD CREATE CASH FLOW PROBLEMS AND FOR A BUDGET THAT IS ALREADY TIGHT, BUT THERE IS SOMETHING WE NEED TO DO DEEPLY [30:49] AS A FUNDING ASSESSMENT AND WHAT IS THE RIGHT BALANCE BETWEEN [30:55] ASSESSMENTS VERSUS LEVY WHEN IT COMES DOING THIS WORK. I WOULD HAPPILY SET UP TIME TO MEET TO TALK ABOUT THAT, AND I [31:02] THINK WE SHOULD PROBABLY GET SOME PROFESSIONAL STAFF INVOLVED IN THAT CONVERSATION. [31:11] AND MAYBE FOR THE LATER AGENDA, PROFESSIONAL STAFF FOR BET AND [31:16] FOLLOWING UP ON THESE DISCUSSIONS. >> COMMISSIONER PREE-STINSON. EXCUSE ME, COMMISSIONER ABENE. >> THANK YOU. [31:21] THAT WAS A GOOD COMMENT TO MAKE BECAUSE THE EMERALD ASH BOARER [31:26] PARTICULARLY DID HAVE A LOT OF COMMUNITY OUTCRY. SO A LOT OF THE ASPECTS OF IT [31:31] WERE ADDRESSED IN TERMS OF AMELIORATING THE IMPACTS IN MANY [31:37] WAYS, BUT I WOULD SAY WHAT COMMISSIONER PAYNE JUST MENTIONED, REALLY THERE ARE SPECIAL ASSESSMENTS FOR STREET I [31:43] WANT PROOUCHLTS AND I THINK A BROADER DISCUSSION -- FOR STREET IMPROVEMENTS AND THERE IS A CITY [31:49] TREE COORDINATOR. I'M SORRY, I DON'T KNOW WHAT TITLE, BUT THOSE TWO -- BETWEEN [31:54] THE PARK BOARD AND THAT INDIVIDUAL AND DEPARTMENT A LOT WAS DONE TO BRING IN THINGS [32:02] SPECIFICALLY FOR THE PRIVATE PROPERTY TREE ASSESSMENTS, DISEASE TREE ASSESSMENTS. [32:07] THAT REALLY DID HELP BECAUSE I WILL SAY AS A COMMISSIONER, THE AMOUNT I HEAR ABOUT IT HAS [32:12] REDUCED DRAMATICALLY. SO THAT'S A MEASURE I HAVE. AND I THINK LOOKING AT [32:17] ASSESSMENTS IN GENERAL, YEAH, THEY'RE A PROBLEM. IT'S A BIG IMPACT TO PEOPLE [32:22] BECAUSE IT CAN BE A BIG BILL. THANK YOU FOR THE DISCUSSION. >> SO WITH THAT BEING SAID, I [32:30] WILL RESCIND MY MOTION. AND WITH MY COMMITMENT TO HAVE THESE FOLLOW-UP DISCUSSIONS, I [32:36] APPRECIATE WHAT MY COLLEAGUES HAVE SHARED AND WHAT HAS BEEN EXPOSED IN THIS EXAMPLE AND MY [32:42] COMMITMENT TO EQUITY ON MULTIPLE TIMES ON WHY THE BOARD NEEDS TO HAVE ITS OWN ASSESSMENT AND ANY [32:49] OTHER BODY THAT DOES THE ASSESSMENT ASSESSMENTS BECAUSE THERE IS AN EQUITY ANALYSIS THAT IS NEEDED HERE AND THIS IS A [32:56] FIRM EXAMPLE AND WHAT ENDS UP HAPPENING WHEN YOU ADD THE ADDITIONAL INSULT OF THERE NOT [33:01] BEING THE COORDINATION THERE BECAUSE WE HAVEN'T PRIORITIZED THAT BEFORE. IT SOUND LIKE WE'RE GOING TO [33:06] PRIORITIZE IT NOW. NOW I WILL RESCIND MY MOTION AND WE CAN MOVE FORWARD WITH TAKING OUR VOTE. THANK YOU. [33:12] >> ALL RIGHT. IN THAT CASE THE TWO MOTIONS TO, ONE, AUTHORIZING THE BOND, THE [33:18] AUTHORIZING BOND RESOLUTION AND THE BOND AWARD RESOLUTION ARE BEFORE US. [33:23] WE'RE TAKING THEM AS A PACKAGE. AND AS I UNDERSTAND IT, WE NEED [33:28] A ROLL CALL VOTE BECAUSE IT IS A RESOLUTION AND PROBABLY BECAUSE WE'RE ALSO AUTHORIZING THE BORROWING OF MONEY. [33:34] FOUR VOTES WILL BE REQUIRED FOR THIS MATTER TO PASS. AND THE CLERK WILL CALL THE ROLL [33:41] PLEASE. >> COMMISSIONER FREY IS ABSENT. [33:47] ABENE, AYE. PAYNE, AYE. CHUGHTAI, AYE. [33:55] VICE PRESIDENT PREE-STINSON, AYE. PRESIDENT BRANDT, AYE. >> THERE ARE FIVE AYES. [34:03] >> OKAY. THAT MEASURE IS PASSED. [34:08] AND I THANK STAFF FOR THEIR PATIENCE. PROBABLY THE LONGEST BONDING [34:13] PRESENTATION YOU'VE MADE IN SOME TIME. BUT WE GOT SOME THINGS OUT ON THE TABLE, AND THAT'S GOOD. [34:19] NOW ITEM NUMBER 6 IS THE CURRENT SERVICE LEVEL BUDGET AND SOURCES [34:24] OF REVENUE UPDATE, WHICH WILL BE PRESENTED TO US BY THE FINANCE [34:29] DEPARTMENT. JUSTIN COLES AND JANE DICENZA. [34:36] FEEL FREE. [34:48] DID YOU ALL BRING DINNER WITH YOU? [34:54] >> A GOOD EVENING, PRESIDENT BRANDT AND COMMISSIONERS. I'M JANE DICENZAT BUDGET [35:00] DIRECTOR AT CITY WITH FINANCE AND PROPERTY SERVICES. I AM JOINED BY BUDGET MANAGER JUSTIN COLE WHO IS WILL BE UP [35:05] HERE IN A FEW MINUTES TO DISCUSS THE 2026 CURRENT SERVICE BUDGET LEVEL CALCULATIONS. SO THESE ARE THE ESTIMATED [35:11] REVENUES AND EXPENSES FOR THE FOLLOWING YEAR. WERE WE TO TAKE NO ACTION TO [35:17] INCREASE OR DECREASE OUR EXPECTATIONS FOR THE FOLLOWING SUPPLEMENTAL YEAR. SO DIFFERENTLY THAN IN PRIOR [35:23] YEARS, THE CURRENT SERVICE LEVEL IS NOT REALLY THE STARTING POINT FOR THIS YEAR'S BUDGET MAKING. [35:28] IT IS FOR SERVING AS A REFERENCE POINT. IN DEFENSE TO THE PROPERTY TAX [35:33] PROJECTIONS WE'RE GOING TO BE DISCUSSING THROUGHOUT, THE PROJECT PROCESS DID NOT INVITE [35:38] NEW SPENDING PROPOSALS FROM DEPARTMENTS AND INSTEAD, WE'RE FOCUSED MORE ON CONSTRAINING OUR [35:44] GROWTH. NEVERTHELESS, THIS IS AN IMPORTANT MARKER REFERENCE POINT FOR ALL OF YOU AND THE PUBLIC AND IS ALSO REQUIRED BY OUR [35:50] FINANCIAL POLICIES IN OUR CHARTER. THE INFORMATION THAT WE'LL GET INTO THESE SLIDES IS THE RESULT OF MANY MONTHS OF WORK BY OUR [35:56] TEAM AS WELL AS OTHER PARTNERS IN THE ENTERPRISE. SOME OF US ARE HERE FROM THE BUDGET DIVISION, BUT NOT [36:02] EVERYONE, SO I JUST LIKE TO NOTE THAT THIS PRESENTATION REPRESENTS THEIR WORK AND THEIR SERVICE TO THE PEOPLE OF [36:08] MINNEAPOLIS, SO WE'RE VERY LUCKY TO HAVE SUCH A STRONG TIME. THIS IS A TECHNICAL PRESENTATION THAT'S FOCUSED ON FUTURE [36:15] REVENUES AND EXPENSES AND YOU CAN EXPECT TO HEAR MORE PROGRAMMATIC INFORMATION THROUGH [36:20] THE BUDGET COMMITTEE PROCESS IN THE FALL. AND YOU WILL ALSO SEE SOME REFERENCES TO HISTORICAL ACTUALS [36:27] IN THESE SLIDES INCLUDED AS A REFERENCE, BUT WILL BE FOES KUED MORE ON NEXT YEAR'S PROJECTIONS. [36:33] SO OUR AGENDA FOR TODAY IS TO REVIEW THAT BUDGET FRAME WORK INCLUDING THE ESTIMATED COSTS OF [36:38] THOSE EXISTING, ONGOING COMMITMENTS. WE'LL COMPARE THROUGHOUT OUR [36:45] 2025 ADOPTED BUDGET. WE'LL HAVE SOME DISCUSSION OF BOTH PROPERTY TAXES AND [36:50] NONPROPERTY TAX REVENUES WITH A FOCUS ON THE GENERAL FUND. WE'LL TIE THINGS OUT WITH THE [36:56] GENERAL FUND OUTLOOK AND HOW EXPENSES AND REVENUES ARE STACKING UP AND DPO TO THE TIMELINE AND NEXT STEPS FOR THE [37:01] FALL. SO SOME KEY TAKEAWAYS WITH MANY [37:08] DECISION POINTS TO COME, THIS BEING JUST ONE STOP IN THE PROCESS TO A BALANCED BUDGET, WE [37:17] ARE SEEING WHEN LOOKING BOTH AT ALL FUND AND REFINING DOWN TO THE GENERAL FUND THAT EXPENSES ARE OUTPACING REVENUES. [37:24] SO WHEN LOOKING AT ALL FUNDS, YOU CAN SEE THAT EXPENSES ARE PROJECTED TO INCREASE AT ABOUT [37:30] 1.1%, WHILE REVENUES ARE AT ABOUT .17%. AND THIS IS WITH SEVERAL FUNDS [37:36] YET TO BE FINALIZED AND CONTINUING AS WE ALWAYS DO TO REFINE THE CAPITAL ENTERPRISE [37:43] GRANTS AND DOWNTOWN ASSET FUNDS OVER THE SUMMER. WHEN WE LOOK AT THE GENERAL FUND, YOU CAN SEE EXPENSES ARE [37:49] INCREASING BY 3.89%, WHILE REVENUES ARE COMING IN CLOSER TO [37:55] 3.64%. SO THESE ARE MODEST GAPS BETWEEN REVENUES AND EXPENSES, WHICH IS FAIRLY TYPICAL AT THIS TIME OF [38:02] YEAR. BUT WE ARE SEEING INCREASING PERSONNEL COSTS, WHILE REVENUE GROWTH IS MUCH MORE MODEST. [38:08] JUST TO NOTE, LAST YEAR AT THIS TIME WE HAD A MUCH MORE DRAMATIC GAP BETWEEN EXPENSES AND REVENUES THAN WE'RE SEEING THIS [38:17] YEAR. SO THIS IS IN MANY RESPECTS MUCH MORE STABLE POSITION. [38:23] SO AS WE TALK ABOUT THE GENERAL FUND, WE WANTED TO GEF YOU AN [38:29] OFFICIAL OF HOW THAT RELATES TO OTHER FUNDS. WHEN LOOKING AT THE 2026 GENERAL [38:34] SERVICE LEVEL, THE GENERAL FUND IS 63% AS IT RELATES TO OTHER SPECIAL REVENUE FUNDS, SO THE [38:40] GRANTS, DEBT SERVICE AND CAPITAL PROJECTS. ALL THESE FUNDS HAVE [38:45] DESCRIPTIONS IN THE BUDGET BOOK, AND WE'RE HAPPY TO HELP YOU FIND THOSE IF YOU HAVE FURTHER [38:52] CLARIFICATIONS THAT YOU'RE SEEK ON THOSE. THIS IMAGE IS MEANT TO ILLUSTRATE THE DISTRIBUTION OF [39:00] PROPERTY TAX VERSUS NONPROPERTY TAX REVENUES THAT SUPPORTS THE GENERAL FUND. [39:06] THE STORY IT IS TELLING IS CONSISTENT WITH PRIOR YEARS THAT [39:13] PROPERTY TAXES ARE INCREASING THE OVERALL SHARE OF PROPERTY TAX IS SHOWN ON THE BOTTOM IN [39:18] BLUE VERSUS THE NONPROPERTY TAX REVENUE, SO THINGS LIKE FINES AND FEES, LICENSES. [39:25] IN THE PAST THE NONPROPERTY TAX REVENUES WERE PICKING UP MORE OF THEM PROPORTIONALLY AND WE ARE [39:32] SEEING THAT PROPERTY TAXES ARE SLOWLY BUT SURELY TICKING UP IN [39:39] THEIR IMPORTANCE. OKAY. AND SO ON THIS SLIDE, JUST TO [39:46] REMIND US ALL WHERE WE ENDED THE YEAR WITH THE 2025-2026 ADOPTED [39:52] BUDGET, WE'VE PUT A BOX AROUND THE LEVY NUMBERS FOR THOSE TWO [39:58] YEARS. AND THE PERCENTAGE AS A REMINDER IS THE PERCENT CHANGE IN THE DOLLARS WE'RE ELECTRICING FROM [40:04] ONE YEAR TO THE NEXT. AND SO -- WE'RE COLLECTING FROM ONE YEAR TO THE NEXT. [40:09] DUE TO CUTS FOR THE 2025 LEVY THAT PERCENTAGE DROPPED A COUPLE [40:14] POINTS DOWN TO 6.8% FOR 2025. THOSE ONE-TIME REDUCTIONS, [40:21] THOUGH, COME BACK IN 2026 AND SO WE SEE 10.8% FOR THE LEVY WAS [40:28] THE STARTING POINT FOR 2026. [40:33] DOUBLE DIGIT, LEVY ARE NOT THE NORM, SO THAT IS SOMETHING WE WERE MINDFUL OF STARTING THE [40:40] YEAR. SINCE THEN WE WERE FORECASTED THE REVENUE, EXPENSES AND INTERNAL SERVICE CHARGES. SO THE NEW SORT OF PRELIMINARY [40:47] NUMBERS AND STARTING POINT FOR DECISION MAKING IS THAT 11.2 AND [40:54] THAT LEVY FOR 2026. PRIMARILY THIS IS DUE TO INCREASED COSTS -- PROVE >> EXCUSE ME. [41:00] >> SURE. >> DIRECTOR, YOU LOST ME THERE. WHERE IS THE 11? [41:06] >> THE 11.2% IS IN THE RED BOX ON THE SCREEN, AND SO THAT IS [41:14] THE 2026 ESTIMATE. [41:21] >> MY VERSION SAYS 10.8. [41:26] >> IF YOU SWITCH TO THE NEXT SLIDE. >> TRYING TO ILLUSTRATE THE FLOW OVER TIME. THANK YOU FOR CLARIFYING THAT. [41:34] >> THAT IS AN ILLUSTRATION AND TO FORECAST TO REPLAY ANDERSON [41:42] KELLIHER JOB STUDIES AND THOSE [41:48] ARE ALL CAPTURED. >> DID WANT TO NOTE AND [41:54] COMPLETION GOING FORWARD. AND WE DO NOT PLAN FOR ANY NEW SPENDING TO COME INTO THOSE [42:02] YEARS FOLLOWING 2027 AND BEYOND. [42:07] AWE SO THAT FUNDING CONTINUES AND THAT IS AN IMPORTANT CAVEAT TO NOTE FOR FUTURE DECISIONS. [42:14] IN THIS VISUAL, ALL OTHER LEVIES BESIDES THE GENERAL FUND ARE SHOWN AS CONSISTENT WITH WHAT [42:21] WAS ADOPTED IN DECEMBER, SO I THINK SOME THINGS TO NOTE THE [42:28] PERMANENT IMPROVEMENT LEVY HAS MORE CONGESTION IN 2026 AND [42:35] 2027. AND THEN STABILIZES IN 2028 AND BEYOND. THE PARK BOARD LEVY WAS THE [42:41] SUBJECT OF DISCUSSION LAST YEAR AND IN THE INVERSE SCENARIO WITH THE OVERALL CITY LEVY PARK [42:48] BOARDS, LEVY HAD A ONE-TIME INCREASE IN 2025 WHICH HAS [42:54] SHRUNK THE PERCENT CHANGE BETWEEN 2025 AND 2026. AND ALSO TO NOTE WE HAVE A [43:00] NUMBER OF PENSION LEVIES THAT ARE PART OF THE CITY'S COMMITMENT. [43:06] WE CONTINUE TO ANALYZE THOSE TO MAKE SURE WE'RE LEVYING ENOUGH AND REVISIT THOSE IF WE'RE ABLE [43:13] TO MAKE OR NEED TO MAKE THE CHANGES AND RECOMMEND THAT FOR AUGUST AS WELL. [43:19] MANY OF THOSE WILL EXPIRE IN 2031. NEXT YEAR AT THIS TIME YOU WILL [43:26] SEE THOSE WITHIN THE PENSION LEVIES AND THE LONG-RANGE [43:31] FINANCIAL PLAN. FINALLY, TO REITERATE AND WE HAVE HEARD FROM MAYOR AND [43:37] COUNCIL AND PRESIDENT BRANDT THAT THE HIGH PROPERTY TAX LEVY [43:42] IS NOT DESIRABLE AND NOT SOMETHING WE WANT FOR THE PEOPLE OF MINNEAPOLIS AND WE ARE [43:47] CONTINUING TO WORK TO FIND WAYS TO BRING THAT NUMBER DOWN. AND THEN THE FINAL SLIDE FOR ME [43:54] BEFORE BUDGET MANAGER COLES COMES UP ON HERE IS THE CAPITAL [43:59] IMPROVEMENT PROGRAM AND SHOWS WHAT WAS ADOPTED IN 2025 FOR THE SIX-YEAR PLAN, SO NO CHANGES HERE, BUT YOU CAN SEE THAT THE [44:08] PLANNED AMOUNT FOR 2026 SORT OF FUNCTIONS AS THE CURRENT LEVEL. [44:15] AND WE ARE WELL ON OUR WAY WITH THE CAPITAL LONG-RANGE IMPROVEMENT COMMITTEE'S PROCESS [44:21] THIS YEAR. THEY'RE THE RESIDENT BODY THAT [44:27] REVIEWS THE CAPITAL PARK BOARD REQUESTS FROM THE CITY AND MBC. IT IS REALLY ROBUST JOB THAT [44:35] THEY DO. YOU HAVE TWO FULL DAYS OF CAPITAL BUDGET PRESENTATION REQUESTS AND OFFER QUESTIONS AND [44:42] CRITIQUES AND POSITIVE FEEDBACK WHERE IT'S WARRANTED AND HAPPY [44:48] TO SUPPORT THAT. [44:53] THIS YEAR THEY ARE LOOKING AT 136 BUDGET REQUESTS WHICH TOTALS [45:01] $1.095. >> WOULD THIS BE AN APPROPRIATE POINT TO STOP AND ASK IF THERE ARE QUESTIONS FROM WHAT WE HAVE HEARD ALREADY? COMMISSIONER [45:09] ABENE. >> THANK YOU. THANK YOU FOR THE PRESENTATION. AND ACTUALLY, I WENT BACK AND LOOKED AT LAST YEAR'S BECAUSE I [45:15] WAS PREPARING FOR A MEETING AND HAPPY TO GET THE PRESENTATION TODAY. IN THE FUTURE IF WE COULD GET ATE LITTLE BIT EARLIER BECAUSE I [45:23] DO HAVE A DAY JOB. DON'T TELL MY EMPLOYER I LOOKED AT THE PRESENTATION DURING THE DAY JOB HOURS TODAY, BUT ONE [45:29] THING I WANT TO POINT OUT AND GLAD YOU SAID THAT, DIRECTOR, IF [45:35] YOU COULD LOOK AT 2025, THE PREVIOUS ONE, THE ADOPTED. IF YOU LOOK UP THERE ON THE PARK BOARD LINE ITEM FROM 2026, DO [45:43] YOU SEE WE HAVE PROJECTED NOW FOR THIS YEAR FROM THE CITY AN ADOPTED BUDGET OF 1.37%? LAST [45:49] YEAR WHEN WE WERE FIGURING OUT HOW TO INCREASE THE AMOUNT FOR THE PARK BOARD, THAT NUMBER WAS [45:56] 2.6%. EVEN THOUGH WE AGREED TO GET .2% MORE FOR THE PARK BOARD, FOR [46:03] THIS CALENDAR YEAR, I DON'T THINK WE KNEW THAT THAT WOULD DIMINISH THE AMOUNT IN 2026, BUT [46:09] IT LOOKS LIKE THE PARK BOARD DIDN'T HAVE A CHANCE TO WEIGH IN ON THAT 26 NUMBER AND IT WAS APPARENTLY ADOPTED BE I THE CITY [46:14] COUNCIL, AND I'M SURE NO ONE WAS LOOKING AT THAT LINE ITEM. SO I DON'T REALLY LIKE THAT. [46:20] I DON'T THINK THAT'S GREAT THAT HAPPENED TO THE PARK BOARD. IF YOU COULD GO TO THE NEXT [46:27] SLIDE, AND WE WERE PROJECTS LIKE 6% AND PROPERTY THAT UP, BUT [46:33] WHATEVER. THIS SLIDE IS INTERESTING AND I THINK THERE IS A MISNOMER AND I CAN'T SPEAK TO THE LINE ITEMS [46:39] BELOW THE PARK BOARD AND OTHER ENTITIES AND HOUSING AND AUTHORITY AND SO ON. THIS IS CURRENT SERVICE LEVEL. [46:45] IF YOU NOTE FROM THE PREVIOUS SLIDE THE ADOPTED BUDGET AND WITHIN THE 13% AND IN ORDER TO [46:51] MAINTAIN SERVICE LEVELS, THAT IS WHAT THIS MEANS, RIGHT? THE CITY'S LINE ITEM WOULD HAVE TO GO TO 14%. [46:56] AND THE PARK BOARD IS AT 1.37%. AND ACTUALLY, WE HAVE DONE AN [47:02] ANALYSIS TO SAY FOR THE PARK BOARD TO MAINTAIN SERVICE LEVELS, REC CENTER HOURS, PEOPLE [47:09] THAT WORK WITH YOUTH, MOWING THE [47:15] GRASS, ICE SKATING RINKS, THE LIST GOES ON, THE CURRENT [47:20] PROJECTIONS BASED AND OUR NUMBERS IS 7.7%. THIS IS NOT ACTUALLY A CURRENT [47:26] SERVICE LEVEL. IN THE RED BOX, THAT'S A COMBINED TOTAL OF THE LEVY [47:32] ACROSS ALL OF THE ITEMS IN THAT. SO I THINK IT'S REALLY IMPORTANT [47:39] FOR MY COLLEAGUES TO UNDERSTAND THE PARK BOARD IS IN TROUBLE AND I WILL BE TALKING TO ALL OF YOU [47:44] ABOUT THAT. AND THIS REPRESENTS ACTUALLY LAYOFFS AND CUTS TO THE PARK [47:51] BOARD. THANK YOU. >> ALL RIGHT. ARE THERE ADDITIONAL QUESTIONS? ALL RIGHT. I HAVE A FEW. [47:58] MY TRADITIONAL FEW. I READ THROUGH THE DOCUMENT [48:03] TODAY AND HAVING BEEN THE MESSENGER, I HAD TO REMIND MYSELF, DON'T SHOOT THE [48:11] MESSENGER WHEN YOU BRING BAD NEWS AND ONE OF THE HEFTY [48:18] EXPENSES IN THE RECENT PAST WAS THE NEW POLICE CONTRACT WHICH MADE A CONSCIOUS EFFORT TO MAKE [48:25] MINNEAPOLIS MORE COMPETITIVE SO THAT WE COULD REBUILD THE FORCE [48:32] IN RESPONSE TO REQUEST FROM THE CITIZENS OF MINNEAPOLIS. [48:37] AND THEN, OF COURSE, WE HAVE THE NORMAL, REGULAR INCREASE FROM YEAR TO YEAR FOR POLICE AND [48:44] OTHER CITY EMPLOYEES. ARE THERE ANY TALES FROM THE [48:50] EXTRAORDINARY BUMP THAT DON'T PHASE IN UNTIL 2026 FOR POLICE, OR IS IT JUST THE NORMAL [48:57] CONTRACTUAL INCREASE THAT ALL OF THE BIG BUMP COME FOR 2025? [49:03] >> PRESIDENT BRANDT, I BELIEVE IT WAS ALL IN EFFECT PRIOR. [49:08] I THINK LAST YEAR WAS A BIG YEAR FOR CONTRACT SETTLING SO WE HAD [49:13] POLICE, FIRE, AND LABOR AS CONTRACT, I BELIEVE, WERE SOME OF THE BIG TICKET ITEMS. [49:23] CERTAINLY THOSE CONTRACTS ARE PLAYING A ROLE. THE PROPERTY TAX BURDEN CHART THAT SHOWS INCREASING RELIANCE [49:28] ON THE PROPERTY TAX, IS THAT -- I ASSUME FROM NUMBERS THAT [49:35] THAT'S A GENERAL FUND CHART? OKAY. THANK YOU. AND SO WHAT THIS IS SHOWING IS THE PROPERTY TAXPAYERS OF THE [49:42] CITY ARE BEARING AN INCREASING SHARE OF THE BURDEN OF THE GENERAL FUND. AND THEN WE ALSO KNOW THAT [49:49] BECAUSE OF THE DOWNTOWN SLUMP, PEOPLE WHO LIVE IN HOMES THAT THEY OWN, AS WELL AS SOME OF [49:55] THOSE WHO ARE LIVING AS TENANTS AND APARTMENTS ARE BEARING AN INCREASING SHARE TO OFFSET THE [50:02] LOSS OF DOWNTOWN VALUE. AND I GUESS I'M JUST TALKING OUT LOUD ABOUT THAT, BUT IT'S [50:12] NOTABLE. I THINK THAT'S ALL I HAD. THANK YOU. [50:17] SO IF YOU WANT TO PROCEED, GO AHEAD. >> OKAY. [50:23] WE WILL PROCEED. >> I'M SORRY. WE HAVE ONE QUESTION. [50:29] >> JUST -- THANK YOU, MR. PRESIDENT. I APOLOGIZE, JUSTIN. [50:35] REALLY SORRY. JUST SOMETHING THAT CAUGHT MY ATTENTION WAS COMMISSIONER ABENE'S COMMENTS REGARDING THE [50:44] ADOPTED FIVE-YEAR FINANCIAL DIRECTION AND THE SHARE OF [50:50] RESOURCES FOR THE PARK BOARD. SO JUST WENT BACK AND PULLED UP -- AND IT TOOK ME BY SURPRISE. [50:56] I HAVE NO MEMORY OF US EVER LOWERING -- NO, I'M SERIOUS. [51:01] I HAVE NO MEMORY OF US EVER VOTING TO LOWER THE AMOUNT OF THE SHARE OF 2026. [51:06] AND I AM NOT ASKING YOU TO TELL ME THAT I DIDN'T DO SOMETHING WRONG HERE. I KNOW I DIDN'T. [51:14] BUT I THINK THE DISTINCTION HERE JUST LOOKING AT THE RECOMMENDED BUDGET WHEN IT CAME OUT, WHICH YOU'RE CORRECT, THE PERCENTAGE WAS 2.6, AND THEN THE 2026 [51:21] BUDGET AS IT WAS ADOPTED, THE PERCENTAGES ARE DIFFERENT. THE DOLLAR VALUE IS THE EXACT [51:26] SAME. SO I JUST DON'T THINK IT'S FAIR TO SAY THAT THE CITY, ANYONE HERE, MAYOR, COUNCIL, STAFF, [51:33] SOMEHOW HAS SHORTCHANGED THE PARK BOARD. YOU'RE GETTING THE SAME EXACT [51:38] DOLLAR VALUE. THE NUMBERS LOOK A LITTLE DIFFERENT. THANK YOU. IS THAT WHAT YOU WERE GOING TO SAY, DIRECTOR? >> THROUGH THE PRESIDENT, YES, [51:45] THANK YOU. I THINK THE PERCENT CHANGE WE OFTEN GET CAUGHT UP ON THAT PERCENTAGE, BUT IT IS THE OVERALL DOLLAR AMOUNT. [51:50] AND CERTAINLY I KNOW WE ARE HAVING CONVERSATIONS WITH PARK BOARD ONGOING AND WE'LL HAVE [51:56] MORE FULL CONVERSATIONS ABOUT THEIR LEVY EXPECTATIONS SOON. [52:03] I LOOK FORWARD TO THAT AND ANTICIPATE WE'LL HAVE A FULL DISCUSSION OF THAT IN AUGUST AND [52:08] SEPTEMBER AS WELL. >> IF I COULD PIGGYBACK AND HAD A CHANCE TO DO A LITTLE [52:18] CALCULATION WHILE YOU WERE ANSWERING THAT QUESTION. NOTICE UNDER THE CAPITAL IMPROVEMENT PLAN INVEST TMENTES, [52:23] I'M JUST LOOKING AT THE BOTTOM LINES HERE. WE HAVE A COUNCIL ADOPTED [52:28] CAPITAL IMPROVEMENT PLAN OF 279 MILLION IN 2025. [52:35] AND ONE IN 2026 AND IS THE PLAN OF ALMOST 267, SO ROUGHLY THE [52:41] SAME, BUT THEN IF YOU TAKE THE FOUR YEARS OUT AFTER THAT, THE [52:49] AVERAGE 252 PER YEAR, WHICH SOUNDS LIKE -- IT SOUND LIKE [52:58] CUTTING BACK ON CAPITAL IMPROVEMENTS AND I'M WONDERING [53:05] IF THE COUNCIL MEMBERS CARE TO COMMENT ON WHETHER THAT'S [53:10] CONSCIOUS DECISION TO SHORT IN CAPITAL IMPROVEMENTS BECAUSE OF [53:16] OTHER DEMAND ON THE BUDGET OR -- [53:22] >> AN I'M HAPPY TO ADDRESS THAT. [53:29] >> PRESIDENT BRANDT, THAT IS A GOOD FLAG. I THINK IT'S OFTEN A FINE LINE [53:37] OF THE BUDGET WORKS CLOSELY WITH THE BANKING AND INVESTMENT DEBT [53:42] TEAM, WHO WAS HERE EARLIER, AND LEVY FUNDED TARGETS AND THAT IS THE ITEM THAT IS USUALLY THE [53:48] TOPIC OF DISCUSSION. AND WE DO OFTEN WANT TO PRESERVE SOME ROOM IN THE OUTYEARS SO [53:55] FUTURE POLICY MAKERS CAN -- SO THAT WE'RE NOT FULLY EXHAUSTING [54:01] OUR DEBT CAPACITY FIVE YEARS IN ADVANCE. WE DID HAVE A NUMBER OF PROJECTS IN 2025, 2026, AND 2027 THAT [54:08] WERE TIME SENSITIVE IN PART DUE TO THE SETTLEMENT AGREEMENT THAT WE HAD TO REALRY BUMP UP THE [54:13] AMOUNT THAT WE WERE, THAT WE WERE SPENDING WITH LEVY FUNDED DEBT IN THOSE FIRST FEW YEARS. [54:20] WE REVISIT THAT STRATEGY ANNUALLY. AND WE ARE DOING OUR BEST TO [54:28] MAXIMIZE RESPONSIBLY OUR DEBT CAPACITY SO THAT WE CAN GET THE CORE SERVICES DONE FOR THE CITY. [54:34] >> COULD YOU JUST GIVE ME, SO I CAN UNDERSTAND BETTER, IF YOU RECALL OFF THE TOP OF YOUR HEAD, [54:41] SOME OF THE TIME SENSITIVE IMPROVEMENTS YOU HAD TO DO TO LIVE UP TO COMMITMENTS BASICALLY? >> YES, AND THIS WAS A POINT OF [54:47] DIVERSION BETWEEN THE MAYOR AND COUNCIL BUDGET AND THE CLICK REPORT LAST YEAR. THERE ARE A NUMBER OF SETTLEMENT [54:54] AGREEMENT REQUIREMENTS LIKE REFURBISHING POLICE PRECINCTS THAT THE MINNESOTA DEPARTMENT OF [54:59] HUMAN RIGHT HAS COMMITTED US TO DOING. THERE ARE, YOU KNOW, A NEW FOURTH PRECINCT BUILDING, A [55:05] TRAINING FACILITY. THOSE ARE THINGS THAT OUR [55:10] MONITORS SAID WE NEED TO DO AND WE NEED TO FIND SPACE FOR THEM IN THE BUDGET. [55:15] >> OKAY. THANK YOU VERY MUCH. I APPRECIATE YOU'RE MAKING THAT [55:21] MORE CONCRETE. I WAS ONE WHO IN YEARS PASSED, [55:28] I'M NOT ON THE COUNCIL SO I DON'T MAKE THOSE DECISIONS. THANK YOU FOR ANSWERING. [55:34] JUSTIN, IF YOU WANT TO PROCEED. OFF THANK YOU. GOOD AFTERNOON, PRESIDENT BRANDT AND COMMISSIONERS. [55:40] AND I AM JUSTIN COLES, BUDGET MANAGER, AND WE'LL NOW TRANSITION INTO THE DETAILS OF [55:45] THE CURRENT SERVICE LEVEL. WE WILL TALK ABOUT UNDERLYING METHODOLOGY AND THE COMPONENT PARTS OF THE C.S.L. TO PROVIDE [55:53] YOU WITH SUFFICIENT CONTEXTUAL INFORMATION TO UNDERSTOOD TREND WE'RE SEEING IN REVENUES AND [55:59] EXPENDITURES. YOU WILL SEE REFERENCES TO THE FINANCIAL POLICIES AND PROVIDE [56:06] THESE SO YOU CAN AND ARE INFORMED BY CITY AND BEST PRACTICES AND CITY AND STATE ORDINANCES. SO MOVING RIGHT IN. [56:14] THE CSL PRESENTATION, AND UNDERLYING DATA DOES NOT BIND [56:20] THE BOARD OR CITY COUNCIL AND EXPLAINS WHERE THE BUDGET CURRENTLY SITS TO INFORM THE SETTING OF THE MAXIMUM TAX LEVY [56:26] LATE THEY ARE YEAR. THE FOLLOWING INFORMATION ABOUT [56:32] THE AND THE CSL SERVICES MULTISERVICES. PRIMARILY IT INDICATE WHAT IS [56:38] THE CITY WOULD SPEND TO MAINTAIN PROGRAMS AT CURRENT LEVELS WITH CURRENT REVENUE ESTIMATES AND NO [56:45] EXPENDITURE GROWTH IN THE ABSENCE OF POLICY CHANGES. IT REFLECTS FACTORS THAT CAUSE [56:52] YEAR TO YEAR VARIATIONS, AND FINANCIAL IMPACT OF POLICY [57:01] DECISION. THEY ARE ESSENTIAL FOR AGAINST [57:06] IS A BUDGET MUS ANIAL -- MUS [57:11] ANIALTIES AROUND THE STATE AND THE TREES IN THEIR MUNICIPALITY. IT'S ALSO AN IMPORTANT TO NOTE [57:17] WHAT IT IS NOT. THE CSL IS NOT WELL SUITED FOR RETROACTIVE ANALYSES AND THE [57:23] PREVIOUS YEAR SPENDING. RATHER, IT IS A TOOL TO INFORM CURRENT AND FUTURE DECISION MAKING. [57:28] IN SUMMARY, IT IS USED FOR CALCULATING THE FUTURE OF FISCAL POLICY CHANGE. [57:34] WITHOUT THE BASELINE, IT IS HARD TO SEE THE TREE EFFECT. AND THE FIGURES ARE A SNAP IN [57:46] TIME. >> THE CITY USES A CURRENT LEVEL OF BUDGETING AS DEFINED BY THE FINANCIAL POLICIES THAT ANY [57:53] ONGOING SERVICE LEVEL COMMITMENTS CONS INSTITUTE THE STARTING POINT FOR NEXT YEAR. FINANCE AND PROPERTY SERVICES IN [58:00] CONJUNCTION WITH OTHER INTERNAL PROVIDING SERVICE DEPARTMENTS DETERMINE THE COST FOR THE [58:09] CONTINUATION ANDERSON KELLIHER THEY ARE RECEIVED AND WEIGHED AGAINST ALL OTHER REQUESTS VIA [58:14] THE UNIFIED BUDGET PROCESS. WHILE THIS IS ONE OF THE MANY BUDGET POLICIES, THIS EFFECTIVELY LIMITS GROWTH WITHIN [58:20] DISCRETIONARY BUDGET EXPENDITURE, PUTTING THAT DECISION MAKING AUTHORITY ON THE MAYOR AND COUNCIL. THERE ARE THREE EXPENSE [58:26] COMPONENTS THAT MAKE UP THE CURRENT SERVICE LEVEL BUDGET IN ADDITION TO REVENUES. THOSE THREE INCLUDE PERSONNEL [58:32] COSTS, WHICH INCLUDES ALL OF THE WAGE AND FRINGE EXPENSES FOR [58:37] STAFF. PERSONNEL IS INFLATED YEAR OVER YEAR FOR PLANNED STEP INCREASE, COLAS, AND LABOR SETTLEMENT [58:46] AGREEMENTS. UNDER OUR FINANCIAL POLICY, THESE ARE HELD PLAT YEAR OVER [58:51] YEAR. INTERNAL SERVICE CHARGES ARE CALCULATED FROM INTERNAL SERVICE DEPARTMENTS WHO PROVIDE GOODS AND SERVICES TO CUSTOMER [58:57] DEPARTMENTS WITHIN THE CITY AND ACCOUNT FOR THE COST OF A VARIETY OF SERVICES INCLUDING FLEET, RENT, LIABILITY INSURANCE [59:07] AND OTHERS INTERNAL SERVICE CHARGES ARE ADJUSTED EVERY YEAR. STARTING AT THE LEFT SIDE OF THE [59:14] SLIDE, WE SEE A GRAPHIC OF THE 25 ADOPTED BUDGET COMPONENTS AND BECOMBINE 2026CSL ADOPT WITH [59:21] 2025 ADOPTED BUDGET DATA FROM THE FOUR COMPONENTS. THEN ONE-TIME EXPENDITURES ARE [59:26] REMOVED FROM THE 2025 BUDGET SO ONLY ONGOING EXPENDITURES ARE [59:32] INCLUDED IN 2026. PERSONNEL EXPENSES GO THROUGH A [59:37] SIMILAR REVIEW AND THESE ARE SIGNIFICANT BECAUSE THEY ARE A SIGNIFICANT PORTION OF THE BUDGET. ADDITIONALLY BUDGET AND H.R. [59:43] HAVE BEEN WORKING TO IMPROVE THE ACCURACY OF THE DATA ON EXISTING STAFFING LEVELS AND COMPENSATION AS WELL AS MAKE SOUND [59:49] PROJECTIONS FOR FUTURE GROWTH. NEXT IS THE INTERNAL SERVICE FUND ALLOCATION PROCESS. [59:54] DURING THIS PROCESS PROVIDER DEPARTMENTS ESTIMATE THE EXPENSES FOR PROVIDING COSTS AND [1:00:06] LASTLY CUSTOMER DEPARTMENTS [1:00:11] REVIEW THE PROCESS BASED ON COLLABORATION BETWEEN DEPARTMENTS AND BUDGET AND WHICH [1:00:20] IMPACTS ON REVENUE STREAMS AND ASSESSING IF THERE ARE TRENDS IN GROWTH OR DECLINE, AND ARE THERE [1:00:31] NEW REVENUE SOURCES TO DETERMINE THE NEXT FIVE-YEAR OUTLOOK. AND WE WILL PROVIDE COMPARATIVE [1:00:38] DETAIL OF THOSE INPUTS. [1:00:43] OVER THE NEXT FEW SLIDES, WE WILL BE DIVING INTO A SNAPSHOT [1:00:50] OF THE CURRENTS AREA AND PRUDENT TO UNDERSTAND THE CURRENT COSTS OF THE 2025 BUDGET. BOAST OF THIS SLIDE IS FOCUSED [1:00:58] ON THE GENERAL FUND AND IT IS HEAVILY FUNDED BY PROPERTY TAXES AND STRATEGIC DECISIONS ARE MADE [1:01:04] TO GET US TO AN ADOPTED BUDGET IN DECEMBER. THIS IS THE COST OF LAST YEARS A BUDGET TODAY BUT DOES NOT [1:01:09] INCLUDE ANY SPENDING OR PRIORITIZATION OF PROGRAMS. ACROSS ALL CITY FUNDS, THE [1:01:15] BUDGET TEAM WORKED TO IDENTIFY AND REMOVE $12 MILLION OF ONE-TIME OR EXPIRING PROGRAMS ON [1:01:20] THE ROAD TO BUILDING THE CSL. THIS IS INCLUSIVE OF ONE-TIME [1:01:26] FUNDING AND OTHER COMPONENTS OF THE BUDGET DUE TO EXPIRE. [1:01:32] HAS THE IN LINE WITH THE AND [1:01:42] SALARY PAY INCREASED 35 MILLION AND INTERNAL SERVICE CHARGES BY [1:01:48] 36 AND THIS $30 MILLION WAS BROUGHT DOWN TO THE $23.7 DUE TO MODIFICATIONS AND HOW THE CITY [1:01:56] BUDGETS FOR VACANT POSITIONS AS WELL AS BLENDED ASSUMPTIONS BASE AND HISTORICAL HEALTH CARE ELECTIONS AND ARE PREFLEKTED [1:02:01] WITHIN THE SALARY AND BRING COST CATEGORIES. [1:02:07] AND POLICY ALLOWS FOR COST ESCALATION AND THE DISCRETIONARY [1:02:12] BASE DOES NOT RECEIVE THE SAME TREATMENT. THE BASE IN MOST CASES IS HELD FLAT YEAR TO YEAR TO INSURE THAT [1:02:19] THE EXECUTIVE AND LEGISLATIVE BODY TO INCREASE THE BUDGET AND [1:02:26] THE PORTION OF THE BUDGET INCLUDES TRAINING, CONTRACTS AND OPERATING SUPPLIES. AND IF THEY WANT TO INCREASE THE [1:02:31] BASE TO COVER EXISTING PROGRAMS AND PUT NORTH NEW AND TO SUBMIT THAT AND THAT IS REVIEWED [1:02:38] ALONGSIDE OTHER PROPOSALS. [1:02:44] THIS DECISION AUTHORITY AND WITH [1:02:52] OVER 4,000FTE'S BUDGETED FOR THE CITY, PERSONNEL IS A SIGNIFICANT PORTION OF THE COST. [1:03:00] AND WE WORK CLOSELY WITH THE PARTNERS TO COMPLETE THE ANNUAL REVIEW OF PERSONNEL EXPENSES AND [1:03:11] WITH THE POLICY AND SALARY AND FRINGE HAVE BOTH INCREASED IN [1:03:18] 2026 CSL OVER THE 2025 ADOPTED BUDGET. GROWTH AND SALARY IS OUTPACING [1:03:25] FRINGE AND DRIVEN BY COLLECTIVELY BARGAINING AGREEMENTS AND HIGHER THAN WHAT [1:03:30] WAS HISTORICALLY NEGOTIATED. THESE AGREEMENTS IMPACT STEPS AND COST OF LIVING FOR THOSE [1:03:37] PROJECTIONS IN THE FUTURE. AND THE BUDGET INCREASES IN PERSONNEL COSTS BASED ON GROWTH [1:03:43] ASSUMPTIONS WE REVISIT ANNUALLY. AND THE 2026 CSL FUND BUDGET FOR [1:03:50] SALARY, WAGES AND FRINGE IS $4 MILLION ABOVE WHAT WAS PLANNED. THIS IS ATTRIBUTED TO ADMINISTRATIVE ADS, [1:03:57] RECLASSIFICATION AND JOB MAINTENANCE STUDIES AND LABOR AGREEMENTS, SETTLING IN [1:04:03] VARIANCE. WE CONTINUE TO WORK WITH THE LABOR RELATIONS TUITION TO INSURE WE ARE IN ALIGNMENT FOR [1:04:12] UNSETTLED PROJECTS. ONE FINAL SLIDE ON PERSONNEL. IF WE LOOK AT F.T.E. GROWTH TO [1:04:20] 2023, STEEP INCREASE IN 2024, MORE MODEST IN 2025 AND GOING INTO 2026 IS A PLAN FOR UNDER 16 [1:04:28] F.T.E.'S TO BE ADDED PRIMARILY WITHIN THE FIRE DEPARTMENT WITH A FEDERAL GRANT EXPIRING IN [1:04:34] MID-2026. AND THIS CAPTURED POSITIONS ADDED OZ OF MARCH AFTER WITH [1:04:41] THIS TIME TO TIME AND NOT SHOWN IN THE PERSONAL BUDGET AND THE BUDGET CALCULATIONS. [1:04:51] I NOW TURN TO THE INTERNAL SERVICE CHARGES AND THIS CATEGORY INCLUDES CHARGES FOR FLEET, I.T., RENT ON LEASE [1:04:59] SPACES, WORKER'S COMPENSATION AND LIABILITY AND GENERAL FUND OVERHEAD. AND IN JANUARY THIS YEAR, AND [1:05:04] ASK THE DEPARTMENTS AND TO GENERATE AN EXPENSE BUDGET REQUEST WITH CURRENT SERVICE [1:05:09] LEVELS WITHIN DEMAND. AND BUDGET STAFF AND REVIEW THE PROPOSALS AND PRESENT [1:05:16] RECOMMENDATIONS TO THE C.F.O. AND A FINAL DETERMINATION IS MADE ABOUT WHAT LEVEL TO FUND IN THE FOLLOWING YEAR. [1:05:21] AND WE FOLLOW THE SAME PROCESS THIS YEAR AS IN PRIOR YEARS AND ALL TOLD THESE MAKE UP 17% OF [1:05:27] GENERAL FUND EXPENDITURE. [1:05:33] ON THIS SLIDE IS THE OUTPIT OF THE SUBMITTAL AND THE COST [1:05:40] DISTRIBUTIONS DETERMINED USING VARIOUS METHODOLOGIES AND CUSTOMER DEPARTMENT, F.T.E. DTS [1:05:50] AND WORKER'S COMP AND LIABILITY T REPORT FROM THE ACTUARY [1:05:55] CONSULTANT. THERE IS LITTLE SURPRISE TO THE RECEIVING DEPARTMENT OF THE COSTS. I WANT TO NOTE THAT CHANGES IN [1:06:01] PERSONNEL COSTS CAN HAVE A CUMULATIVE EFFECT ON GROWTH IN PERSONNEL CHARGES BECAUSE THE [1:06:08] PERSONNEL COSTS ARE A SIGNIFICANT DRIVER OF THE COST THEY ALLOCATE OUT. THEREFORE, POSITION ADDS NOT [1:06:14] ONLY INCREASE THE DEPARTMENT'S PERSONNEL BUDGET LINES AND ALSO INCREASE THE INTERNAL SERVICE CHARGES AS THERE IS AN [1:06:19] ASSUMPTION THAT THAT DEPARTMENT WILL CONSUME GREATER SERVICE [1:06:25] LEVELS. THE ACCOUNTANTS FOR THE FUNDS HAVE FINALIZED FOR 2026 AND INTERNAL SERVICE CHARGES ARE [1:06:31] INCREASING 6.4 MILLION BETWEEN 2025 ADOPTED BUDGET AND 2026 CSL. [1:06:37] AND ARE PROVIDED THE BUDGET TO PAY FOR THE CHARGES EACH YEAR AND ANY CHANGES EITHER UP OR [1:06:44] DOWN HAVE NO OPERATIONAL IMPACTS ON THE PROGRAMS THEY PROVIDE. [1:06:50] NOW WE WILL TRANSITION TO HEAR ABOUT HOW WE'RE PAYING FOR THE COMPLETED EXPENSES. [1:06:56] MOST OF THE NON-LEVY REVENUES ARE FINAL AT THIS POINT, ALTHOUGH CERTAIN INTERGOVERNMENTAL AND OTHER [1:07:02] REVENUE MAY SEE SOME ADJUSTMENT. THE REVENUE FORECASTS ARE THE RESULT OF CLOSE COLLABORATION [1:07:07] BETWEEN OUR OFFICE AND SUBJECT MATTER EXPERTS FROM ACROSS THE CITY. I WANT TO TAKE THE MOMENT TO THE [1:07:13] MANY INDIVIDUALS WHO SHAPE OUR OUTLOOK, ESPECIALLY THE DEDICATED BUDGET STAFF. THEIR HARD WORK IS INSTRUMENTAL [1:07:19] IN HELPING US LIMIT UNNECESSARY INCREASES TO THE TAX LEVY. [1:07:27] BEFORE THE GENERAL FUND, A QUICK LOOK AT THE ENTERPRISE REVENUE FUND AND GENERAL FUND, SPECIAL [1:07:34] REVENUE FUNDS AND DEBT FUNDS AND OTHERS. ENTERPRISE FUNDS, GRANTS, AND DOWNTOWN ASSETS AND CAPITAL [1:07:40] STILL UNDER DEVELOPMENT WHICH IS A REALITY OF DATA AVAILABILITY AND PLANNED BUDGET MILESTONES [1:07:46] FINALIZED THROUGH THE MONTH OF JULY AND DEFINITELY BY AUGUST. [1:07:55] THIS IS THE GROUPINGS OF LOCAL SALES TAXES THAT FUND THE DEBT SERVICE FOR THOSE ASSETS AND [1:08:02] ECONOMIC-DEVELOPMENT RELATED ACTIVITIES. IN TERMS OF GROSS REVENUES AFTER NEARLY HITTING PRE-PANDEMIC LEVELS IN 2022, WE WELL [1:08:08] SURPASSED THEM IN 2023. THAT RESULTED IN A 10% YEAR OVER YEAR GROWTH WHICH HAS SINCE COOLED DOWN TO 7%. [1:08:14] MORE SPECIFICALLY, WE SAW ROUGHLY $92 MILLION IN GROSS REVENUES IN 2018 AND 2019. [1:08:20] WE SURPASSED THAT IN 2023 WITH $100 MILLION. AND ARE PLANNING FOR 115.3 [1:08:26] MILLION IN 2026. ESTIMATES ARE REACHED BY REVIEWING TREND AND HISTORICAL [1:08:34] ACTUALS, RECOVERY AND TAKING INTO CONSIDERATION THE [1:08:39] MANAGEMENT AND BUDGET OUTLOOK PUBLISHED IN FEBRUARY. TO DIVE A BIT DEEPER, Q1 GROSS [1:08:45] REVENUES ARE ROUGHLY 2.5 MILLION HIGHER THAN THE 2024 Q1 [1:08:50] REVENUES. >> EXCUSE ME. I WONDERED IF I COULD -- >> DID YOU SAY 115 MILLION WAS [1:08:56] THE PROJECTED AMOUNT? >> THAT IS CORRECT. >> FOR 2026. [1:09:02] >> I'M SEEING [1:09:11] >> THESE ARE NET RECEIPTS. >> THESE ARE THE GROSS. 2025 Q1 GROSS REVENUE IS 2.5 [1:09:17] MILLION HIGHER THAN THE SAME TIME LAST YEAR. WE DID SEE A LAG IN 2024. [1:09:22] HOWEVER, THE YEAR DID FINISH STRONG, SO IT WAS SEEN AS AN OUTLIER. [1:09:28] ONE FINAL NOTE ABOUT THE GROWTH AND THERE ARE TWO BUCKETS OF WITHHOLDINGS WITHIN THE TAX REVENUES. [1:09:33] THE FIRST IS THE MINNESOTA DOR ADMIN FEE WHICH HISTORICALLY IS [1:09:39] 1.35% AND DROPPED DOWN TO .9% LAST YEAR AND ANTICIPATE THAT TO CONTINUE GOING FORWARD. [1:09:46] ADDITIONALLY THERE ARE STATE [1:09:52] BONDED DEBT SERVICES, THAT ARE FIXED AND THE MINNEAPOLIS [1:09:57] SUPPORTS AUTHORITY THAT IS DEPENDENT ON THE AMOUNT OF REVENUES WE RECEIVE. AND THOUGH WE ARE FINALIZING THE [1:10:02] DOWNTOWN ASSETS PLAN, WE CAN INCORPORATE THE FINAL 2024 [1:10:07] ACTUALS AND ENDING FUND BALANCE T UPDATED REVENUE LOSS FORECAST AND THE UPDATED GENERAL FUND [1:10:13] TRANSFER TO DETERMINE HOW THE ELEMENTS ARE IMPACTING THE OUTLOOK. THIS CHART WILL SHOW YOU THE SIX-YEAR OUTLOOK FROM 2025 WHICH [1:10:19] PROJECTED THE FUND BALANCE DROPPING FROM $83 MILLION TO $57 MILLION IN 2030. THAT RECALCULATED OUTLOOK TODAY [1:10:27] SHOWS 85 MILLION IN 2026 DOWN TO 29 MILLION IN 2031. [1:10:32] AND THERE ARE NEW IE TEPS THAT ARE IMPACTING THIS. FIRST, THE STEEP DECLINE IN 2030 THAT YOU SEE IS ATTRIBUTED TO A [1:10:40] BALLOON DEBT PAYMENT FOR THE TARGET CENTER OF THE $16 MILLION AND NEGOTIATED IN COMING YEARS [1:10:45] TO SMOOTH OUT. ADDITIONALLY THIS IS NO DEBT [1:10:58] ISSUANCE. FINALLY, REVENUES ARE PERFORMING STRONG AND CONTRIBUTING TO THAT INCREASED EXPECTATION AND EVEN BEGINNING AT 2026 AND 2027. [1:11:04] A FEW ITEMS THAT COULD CHANGE THIS PICTURE, WE CONTINUE TO [1:11:11] MONITOR GROSS AND NET RECEIPTS ALONGSIDE THE FINANCE TEAM AND CONVENTION CENTER TO INSURE THAT [1:11:17] WE ARE GROUNDING IN THE BEST AVAILABLE DATA. AS THE TOURISM IMPROVEMENT DISTRICT MOVES FORWARD, IT IS [1:11:22] LIKELY THERE WILL BE A CORRELATED IMPACT TO THE REVENUES. ON THE EXPENSE SIDE, ANY INCREASED ECONOMIC DEVELOPMENT [1:11:29] FUNDING IN THE GENERAL FUND SUPPORTED BY THE REVENUES HAS A REAL AND CUMULATIVE IMPACT TO [1:11:36] THE HEALTH OF THIS FUND. WHILE IT IS PERMISSIBLE GIVEN STATE STATUTES, THERE WILL COME A TIME WHEN IT IS NO LONG [1:11:49] SUSTAINABLE FOR THESE ASSETS. NOW WE'LL FOCUS ON EXCLUSIVELY ON THE GENERAL FUND, BUT [1:11:55] EXCLUDING INTERFUND TRANSFERS AND USE OF FUND BALANCE TO REALLY FOCUS ON THE OUTPUTS OF THE FORECASTING PROCESS. [1:12:01] THE OUTLOOK FOR 2026 REMAINS SLIGHTLY POSITIVE. SPECIFICALLY WE'RE FORECASTING [1:12:06] 7% YEAR OVER YEAR GROWTH FROM [1:12:14] 615 TO $659 MILLION. AND THIS DIFFERS FROM THE EARLIER PRESENTATION AND THAT IS BECAUSE THIS IS FOCUSSING ON A [1:12:20] SUBSET OF TOE AL REVENUES, PRIMARILY NOT THE USE OF FUND BALANCE WHICH WAS PRESENTED. [1:12:26] THIS YEAR A FEW NOTABLE INCREASES AND DECREASES. FIRST I'LL GO OVER THE INCREASES. THE FIRST OF THOSE COMES FROM [1:12:32] THE CHARGES FOR SERVICES AND SALES, WHICH ARE OFF BY 1.8 MILLION. THIS GROWTH IS LARGELY DRIVEN BY [1:12:37] REVENUE FROM THE PARK BOARD FOR THE USE OF CITY SERVICES. IN THE PAST WE HAVE KEPT THIS CHARGE ARTIFICIALLY LOW, WHICH [1:12:43] MEANT THE TAX LEVY WAS SUBSIDIZING THE SERVICES. THIS YEAR WE PARTNERED WITH THE CONTROLLER'S OFFICE TO BETTER [1:12:49] ALIGN OR RIGHT SIZE THE CHARGES AND CLARIFY WHICH SERVICES ARE INCLUDE AND THOSE CONVERSATIONS [1:12:54] CONTINUE. AND IT'S TO NOTE THAT INITIALLY THIS NUMBER WAS 2.7 AND DROPPED TO 1.8 AT ANY FUTURE ADJUSTMENTS [1:13:00] WILL HAVE A DIRECT IMPACT ON THE TAX LEVY. MOVING INTO FINES AND FORFEITS, [1:13:06] THIS IS ATTRIBUTABLE TO A PUBLIC WORKS AND REG SERVICES AROUND [1:13:12] SPEEDING CITATION REVENUE WHICH IS SET TO GO LIVE OF AUGUST 1 OF THIS YEAR. THE RESTRICTIONS AROUND ELIGIBLE USES OF REVENUE IS PRIMARILY [1:13:19] WITHIN TRAFFIC SAFETY OPERATIONS AND TRAFFIC CALMING. ON THE FLIP SIDE W NOTABLE [1:13:26] DECREASING REVENUES, FRANCHISE FEE COLLECTIONS WERE UNDER 3.5 MILLION AND TO DAMPEN OUR [1:13:32] EXPECTATIONS GOING FORWARD T2026 OUTLOOK HAS REDUCED TO ALIGN WITH THE 2026 FORECAST. [1:13:37] AND THEN IN LICENSES AND PERMITS, THIS IS PRIMARILY IS [1:13:43] CPED CODE INSTRUCTION SERVICES AND THESE WERE REDUCED BY $2.5 [1:13:48] MILLION FROM PLAN AND DRIVEN WITH DEVELOPMENT ACTIVITY AND WE MONITOR PLANNING COMMISSION [1:13:55] APPROVALS AZ THEY SERVE AS A LEAD INDICATOR FOR THE REVENUES. IN 2023 WE HAD THE LOWEST PROJECTS DATING BAING TO 2012 AT [1:14:02] ABOUT 29 PROJECTS. IN 2024 THAT WAS DROPPED TO 12 PROJECTS IN TOTAL. SO WE CONTINUE TO MONITOR THIS [1:14:07] ACTIVITY AND WE'LL ADJUST THAT REVENUE STREAM AS NEEDED. [1:14:14] DIVING INTO THE FORECASTED FIGURES A BIT MORE, THIS IS THE TAXES CATEGORY WITHIN THE [1:14:19] GENERAL FUND. PROPERTY TAXES ACCOUNT FOR ROUGHLY 88% OF THE CATEGORY AND [1:14:25] 53% OF THE GENERAL FUND REVENUES. THIS EQUATES TO CURRENTLY $376 [1:14:30] MILLION PLANNED FOR 2026. THE PROPERTY TAX REVENUE FORECAST SHOWN HERE CURRENTLY [1:14:36] FOLLOWS THE FIVE-YEAR FINANCIAL DIRECTION ADOPTED IN THE 2025 BUDGET AND THIS WAS 6.8% IN [1:14:44] 2025, 10.8% IN 2026. IT IS IMPORTANT UNDER THE CSL, WE NEED TO INCREASE THAT TO [1:14:51] 11.2% TO BALANCE AS ONE SHOWN EARLIER. AGAIN, THESE FIGURES ACCOUNT FOR NO NEW, UNPLANNED SPENDING AS [1:14:59] WELL AS ALTERNATE REVENUE SOURCES AND/OR PRIORITIZATION OF CSL PROGRAMS. [1:15:06] THE FINAL REVENUE CATEGORY BEWEST EEL DISCUSS ARE INTERGOVERNMENTAL REVENUES, WHICH ARE THE SECOND LARGEST [1:15:11] REVENUE SOURCE IN THE GENERAL FUND. ADDITIONALLY LOCAL GOVERNMENT AID ACCOUNTS FOR ROUGHLY 10% OF [1:15:16] GENERAL FUND REVENUE AND 84% OF THE CATEGORY. AFTER SOME SLIGHT CONCERN AT THE [1:15:22] CAPITAL EARLIER THIS YEAR WITH WE DUCTIONS TO GOVERNMENT AID, WE ARE PLEASED TO SEE THAT IS BEING FORECASTED TO HELP FLAT. [1:15:29] AND WE ARE ESTIMATING TO GET ABOUT $72 MILLION IN LOCAL GOVERNMENT AID. IMPORTANT TO NOTE THIS IS SPREAD [1:15:35] OUT AMONGST THE CITY, PARK BOARD, AND MUNICIPAL BUILDING COMMISSION. THIS IS REVENUE THAT IS [1:15:41] CERTIFIED IN JULY OR AUGUST, SO SOMETIMES WE SEE MODIFICATIONS TO GET CLOSER TO THAT [1:15:47] CERTIFICATION BUT WE ARE IN CONSULTATION WITH THE I.G.R. TEAM TO CONFIRM WE ARE FORECASTING THESE APPROPRIATELY. [1:15:53] OKAY. SO TO BRING ALL THIS TOGETHER, TODAY WE STARTED BY LOOKING AT EXPENSE CATEGORY TRENDS [1:15:59] INCLUDING PERSONNEL AND INTERNAL SERVICE FUNDS AND TOUCHED AND THE BASE BUDGET AND HOW WE KEEP COSTS FLAT AT THE DEPARTMENT [1:16:06] LEVEL. FROM THERE WE WALK THROUGH THE MAJOR RESOURCES AND REVENUES AND EXPENDITURES IS LEER WE ARE NOT [1:16:12] CURRENTLY IN BALANCE WITH THE PLANNED 10.8% LEVY INCREASE. IT IS GOING TO BE A LOT MORE [1:16:20] MODEST AND THIS INCLUDES ALL PLANNED INTERFUND TRANSFERS AND USE OF CASH FOR ONE-TIME [1:16:26] EXPENDITURES AS WAS ADOPTED IN THE CURRENT YEAR'S FINANCIAL PLAN AND REFLECTS THE BUDGETS [1:16:32] ADOPTED LAST DECEMBER AND THE PROJECTED PLAN FOR 2026 THROUGH 2031. [1:16:37] AS THE A REMINDER, AND POLICY MAKERS SPEND MUCH OF THE TIME [1:16:43] MAKING KEY DECISION. RECENT YEARS BENEFITTED FROM SIGNIFICANT FEDERAL AND STATE [1:16:48] DOLLAR, WE FACE UNCERTAINTY AROUND INFLATION, TARIFFS AND THE TAPERING OF FEDERAL FUNDING. THIS CALLS FOR A MORE CAUTIOUS [1:16:54] AND STRATEGIC APPROACH TO FINANCIAL PLANNING. OVER THE NEXT SEVERAL MONTHS OUR OFFICE WILL WORK CLOSELY WITH [1:17:00] THE MAYOR AND BUDGET COMMITTEE LEADERSHIP IN THE FALL TO DEVELOP THE BALANCE, RECOMMENDED AND ULTIMATELY FINAL BUDGET. [1:17:06] UNLIKE PREVIOUS YEAR, WE ARE NOT STARTING FROM THE CURRENT SERVICE LEVEL AS THE BASELINE. INSTEAD, THIS IS A REFERENCE [1:17:11] POINT ■AND FOCUS ON PRIORITIZIN CORE SERVICES. THIS YEAR THERE WAS NO OPEN CALL FOR NEW SPENDING PROPOSALS TO [1:17:19] DEPARTMENTS. THE CITY IS COMMITTED TO LIMITING FINANCIAL RISK AND [1:17:26] INSURING THAT MINNEAPOLIS REMAINS AN AFFORDABLE PLACE TO [1:17:32] LIVE TO ALIGN SPENDING WITH PRIORITIES. IN CONTRAST TO PRIOR YEARS SINCE [1:17:38] THE PANDEMIC, WE WILL FOCUS ON HOW TO CLOSE THE GAP AND ACHIEVE A BALANCE BUDGET BY AUGUST. [1:17:44] WITH THAT, I WILL WRAP UP WITH A BRIEF LOOK AT THE TIMELINE AHEAD AS WE MOVE TOWARDS ADOPTION IN DECEMBER. [1:17:51] SO HERE'S WHAT WE HAVE IN THE PIPELINE FOR THE BUDGET PROCESS OVER THE NEXT SEVERAL MONTHS. TODAY WE'VE PRESENTED THE [1:18:00] CURRENT SERVICE LEVEL OF EXPENDITURES AND IN JUNE AND JULY, DEPARTMENT BUDGET IS BEING [1:18:07] REREVENUE AND PRESENTED TO THE MAYOR. IN TUG, THE MAYOR'S RECOMMENDED BUDGET WILL BE FORMALLY [1:18:14] INCREASE. IN SEPTEMBER WE WILL RETURN TO PROVIDE THE OVERVIEW OF THE BUDGET AND THROUGH OCTOBER AND [1:18:20] NOVEMBER. THIS IS WHEN PUBLIC HEARINGS ON THE BUDGET GENERALLY TAKE PLACE. FINALLY IN DECEMBER, THE PROCESS [1:18:25] CONCLUDES WITH BUDGET MARKUP AND FORMAL ADOPTION. WE LOOK FORWARD TO WORKING WITH YOU ALL AS WE MOVE THROUGH THIS [1:18:31] PROCESS AND WORK TOWARDS THE BALANCED 2026 BUDGET. WITH THAT, WE WILL STAND FOR [1:18:53] QUESTIONS. >> CHECKING TO SEE IF THE CAPTIONERS CAN CONTINUE PAST [1:18:58] 6:00. >> I DO HAVE A QUICK QUESTION, AND ACTUALLY, THAT WAS VERY HELPFUL THAT PRESENTATION. COULD YOU GO BACK IN THE SLIDES [1:19:04] A LITTLE BIT? I DON'T KNOW. THEY WENT OFF THE SCREEN. BUT I HAVE TO ALWAYS ASK THE PARK BOARD QUESTIONS. [1:19:12] AND IT WAS THE -- IT WAS THE FEE -- IT WAS THE FEES FOR, CHARGES FOR SERVICES IN THE PARK BOARD [1:19:17] ONE IS GOING UP. AND I KNOW THAT IS IN DISCUSSION BETWEEN THE STAFF AND SO DID YOU [1:19:22] SAY -- YOU SAID HISTORICALLY KEPT, HISTORICALLY LOW. AND THE CITY IS TAKING A BIGGER [1:19:28] LOOK AT MAYBE THE WAYS IN WHICH THE PARK BOARD SHOULD BE PAYING A DIFFERENT SHARE OF SUPPORT TO [1:19:35] THE CITY, IS THAT -- >> THROUGH THE PRESIDENT, COMMISSIONER ABENE, FROM MY UNDERSTANDING, I HAVE BEEN AT THE DEPARTMENT FOR ABOUT TWO [1:19:41] YEAR, BUT FROM MY UNDERSTANDING LOOKING AT THAT MODEL, I THINK HISTORIC THERE'S BEEN SOME [1:19:47] ASSUMPTIONS MADE OF WHICH OTHER FRIENDS OF THE CITY, OTHER AGENCIES, WHAT SERVICES THEY ARE USING AENED WITH THE NEW [1:19:53] LEADERSHIP IN THE CONTROLLER'S OFFICE WE HAVE WORKED TO ITEMIZE THOSE AND HAVE ONGOING [1:19:58] CONVERSATIONS OF WHICH SERVICES THERE IS AGREEMENT OF THAT IS BEING UTILIZED. >> THERE IS MAYBE -- I HAVE HAD [1:20:03] A LITTLE INSIGHT INTO THAT. THE ONE THING YOU SAID, SOMETHING ABOUT ALSO LOOKING AT [1:20:09] THE LEVY NOT CARRYING THAT. IF THE PARK BOARD'S PORTION IS BEING ARTIFICIALLY SUBSIDIZED [1:20:16] THAT HAS A NEGATIVE EFFECT ON THE LEVY, IS THAT WHAT YOU SAID? >> THROUGH THE PRESIDENT, COMMISSIONER ABENE, YES, THAT'S [1:20:22] CORRECT. AND IF THOSE COSTS ARE NOT RECOOPED THROUGH THE VARIOUS ENTITIES THAT WE CHARGE IN THERE [1:20:28] FOR THE OVERHEAD COST, THOSE ARE COVERED BY THE TAX LEVY. >> OKAY. THE NUMBERS I HAVE SEEN RIGHT [1:20:34] NOW IS GOING UP ALMOST 100%. IT'S CLOSE IN THE 90s, I BELIEVE. [1:20:39] BUT I WOULD SAY THIS, THE PARK BOARD ONLY HAS THE MECHANISM OF PAYING THE FEES WITH THE LEVY AS WELL AND IT STILL WOULD BE THE [1:20:46] SAME IMPACT. WHERE ARE THE FEES PAID IF IT'S MONEY GIVEN TO THE PARK BOARD TO PAY THE FEE? OR THE PARK [1:20:52] BOARDER TO CITY PAYS THE FEE. IT'S JUST KIND OF A WASH. BUT OKAY, THANK YOU. [1:20:59] >> COMMISSIONER PAYNE? >> THANK YOU, PRESIDENT BRANDT. BUILDING ON THE INTERNAL SERVICE [1:21:04] CHARGES, I ACTUALLY REALLY BE INTERESTED IN SEEING THE METHODOLOGY AND SPECIFICALLY UNDERSTANDING THE COST DRIVERS [1:21:11] ARE. I'M ASSUMING IT IS ACTIVITY-BASED ACCOUNTING. AND IDEALLY I WOULD LOVE TO SEE, [1:21:18] LIKE, WE HAVE THE FIVE-YEAR PROJECTION HERE OF THE TOTAL [1:21:23] COST POOLS FOR EACH OF THE INTERNAL SERVICE CHARGES. I WOULD LOVE TO SEE HOW THE COST [1:21:29] DRIVERS MAP OUT BY DEPARTMENT. THAT MIGHT BE A BIGGER ASK, BUT AT LEAST SEEING THE METHODOLOGY IN THE COST DRIVERS WOULD BE [1:21:35] REALLY HELPFUL FOR ME. >> YES, ABSOLUTELY. >> COMMISSIONER CHUGHTAI? [1:21:43] >> THANK YOU, MR. PRESIDENT. YEAH, SIMILAR TO COMMISSIONER ABENE, AND I ALWAYS THINK IT'S A LITTLE BIT SILLY WHEN WE TALK [1:21:51] ABOUT THE INTERNAL SERVICE CHARGES, YOU KNOW, JUST BEING RECOOPING COSTS AND PREVENTING [1:21:57] THEM FROM BECOMING A PROPERTY TAX BURDEN, BUT WE CHARGE THEM TO DEPARTMENTS WHO PAY THEM OUT [1:22:03] OF MONEY THAT IS SUPPORTED BY THE LEVY. AND THAT'S AS TRUE FOR ANY [1:22:09] DEPARTMENT AS IT IS FOR THE PARK BOARD. SO I MEAN, IT'S ALL -- IT ALL [1:22:15] BALANCES OUT IN THE END. AND LET'S NOT, YOU KNOW, I JUST THINK IT'S GOING A LITTLE FAR SO [1:22:23] DAY THIS MONEY ISN'T -- ISN'T TAX, PROPERTY TAX SUPPORTED IN [1:22:28] ONE WAY OR ANOTHER. I WOULD BE CURIOUS ABOUT JUST GETTING A DEEPER UNDERSTANDING [1:22:36] AND I THINK I WOULD IMAGINE YOU'RE GOING TO COME AND PRESENT THE CURRENT SERVICE LEVEL [1:22:42] PRESENTATION TO THE BUDGET COMMITTEE AT A FUTURE DATE AS YOU DO EVERY YEAR. AND SO I'M HAPPY TO WAIT TO GET [1:22:49] A RESPONSE TO THIS UNTIL YOU COME TO US. AND NOT URGENT. [1:22:54] BUT I WOULD LOVE TO SEE SOME DETAILING ABOUT, YOU KNOW, THE [1:23:03] INCREASES TO THE I.T. BUDGET FROM 2023 TO NOW. [1:23:10] I WOULD IMAGINE THE E.R.P. PROGRAM IS DRIVING FACTOR OF [1:23:16] THAT, BUT WOULD JUST LOVE TO SEE SOME FURTHER DETAILS ABOUT [1:23:23] WHERE, ABOUT WHERE THIS IS GOING. I WOULD LOVE TO UNDERSTAND WHY WE SAW 30% INCREASE TO THE [1:23:28] PROPERTY SERVICES ALLOCATION FROM 2024 TO 2026. [1:23:34] OVER TWO YEARS, THAT SEEMS VERY SIGNIFICANT TO ME. I'D LOVE TO UNDERSTAND HOW [1:23:41] LIABILITY AND SELF-INSURANCE HAS CHANGED PRE-2020 TO NOW. [1:23:48] AND WOULD BE REALLY CURIOUS TO UNDERSTAND WHERE THERE MAY BE [1:23:55] VACANCIES AMONG IN STAFF IN EACH [1:24:01] OF THESE INTERNAL SERVICE FUNDS. SO PERHAPS THAT CAN BE A PART OF HELPING DRIVE REDUCTIONS TO THE [1:24:07] INTERNAL SERVICE BUDGET AND HOW SIGNIFICANTLY THE -- HOW SIGNIFICANT IT IS AND HOW MUCH IT'S GROWN OVER THE YEARS. [1:24:15] AND THEN FINALLY I WOULD SAY I WOULD LOVE TO UNDERSTAND BETTER [1:24:25] -- THERE'S ONE MORE THING ON INTERNAL SERVICE CHARGES AND I HONESTLY CAN'T REMEMBER RIGHT [1:24:31] NOW. GOING BACK TO A PREVIOUS SLIDE, [1:24:37] I THINK IT WAS SLIDE 13. [1:24:44] WHERE YOU -- MOVING RIGHT HERE. I HAVE IT PULLED UP IN FRONT OF ME. [1:24:49] IT WAS WHEN YOU WERE TALKING ABOUT THE METHODOLOGY OF -- OF [1:24:57] GENERAL FUND, CSL EXPENSE BUDGET, 2027, CSL INCLUDES THESE [1:25:02] CHANGES AND IS, I BELIEVE, THE ONE RIGHT AFTER THIS. >> CAN YOU HELP ME UNDERSTAND [1:25:10] DISCRETIONARY BASE HELD FLAT? WHAT DOES THAT MEAN? >> YES, ABSOLUTELY. THROUGH THE PRESIDENT'S AND [1:25:16] COMMISSIONER CHUGHTAI, AND THE DISCRETIONARY BASE IN ALL INTENTS AND PURPOSES IS ANY [1:25:23] NON-PERSONNEL SPENDING WITHIN THOSE DEPARTMENTS. WE DO NOT GROW THOSE. IN SOME CITIES YOU INFLATE THOSE [1:25:29] EVERY YEAR. WE DO NOT GROW THOSE BECAUSE PER THE FINANCIAL POLICIES THE GOAL IS FOR THE MAYOR AND COUNCIL TO [1:25:36] REVIEW THOSE AGAINST ALL OTHER REQUESTS. THOSE ARE HELD FLAT FOR THE FUND DEPARTMENTS AND WE ALL REDO THE [1:25:43] PERSONNEL CALCULATION AND INTERNAL SERVICE CHARGES. >> SO WE SHOULD ANTICIPATE THAT [1:25:49] WHEN DEPARTMENTS COME TO PRESENT THE BUDGETS, THEY WILL DETILL [1:25:54] THEIR DISCRETIONARY BASE BUDGETS AND EXPLAIN THOSE SO THAT WE CAN MEET THE OP LIGATION OF [1:26:00] FINANCIAL POLICIES AND ACTUAL REVIEW THEIR DISCRETIONARY BASE BUDGETS? [1:26:05] >> THROUGH THE PRESIDENT, COMMISSIONER, CERTAINLY WHENEVER THERE'S CHANGES TO THE OVERALL [1:26:12] DOLLAR AMOUNT, THAT'S WHEN WE SEE THE BUDGET PROPOSALS AND [1:26:17] FORMERLY KNOWN AS CHANGE ITEM, THAT IS WHEN WE COMPLY WITH THAT POLICY FOR A FULL DISCUSSION [1:26:22] AROUND THE INCREASES BEFORE THEY ARE ADOPTED. [1:26:31] >> SOUNDS GOOD. THAT SOUNDS GREAT. THANK YOU. >> OTHER QUESTIONS? [1:26:39] OKAY. I HAD A FEW. [1:26:45] I WAS STRUCK BY THE NEW LEASES IN PROPERTY SERVICES BEING A [1:26:53] COST DRIVER. IS THAT BECAUSE WE ARE NEEDING MORE SPACE AND ADDING ADDITIONAL [1:26:58] SQUARE FOOTAGE TO HOW ADDITIONAL PERSONNEL? OR IS IT PRIMARILY [1:27:05] RISING PER SQUARE FOOT CHARGES? [1:27:14] >> PRESIDENT BRANDT, SO THERE IS A NUMBER OF NEW LEASES FOR FIRE, [1:27:19] CENTURY PLAZA, AND THAT IS DETERMINING THOSE COSTS. >> BASICALLY DIFFERENT SPACES THAT ARE COMING ON. [1:27:25] >> THAT IS CORRECT. >> OKAY. >> AND ARE THERE SQUARE FOOTAGE [1:27:30] CHARGES THE CITY PAYS FOR RENTED SPACE GENERALLY BENEFITTING FROM [1:27:37] THE DOWN REAL ESTATE MARKET DOWNTOWN? >> PRESIDENT BRANDT, I DO NOT HAVE THE ANSWER TO THAT. BUT WE COULD FIND THAT OUT WITH [1:27:43] THE PROPERTY SERVICES DEPARTMENT. >> ALL RIGHT. AND TALKING ABOUT REAL ESTATE [1:27:50] COSTS BRINGS UP IN MY MIND FROM THE CLICK DAYS, AND THE PLAN [1:27:57] WHEN THE NEW BUILDING WAS COMPLETED KITTY CORNER FROM CITY HALL TO DISPOSE OF THIS BUILDING [1:28:04] AND THE CITY OF LAKES BUILDING, LAST TIME I THINK I INQUIRED [1:28:11] ABOUT THIS, I WOULD TOLD NOT A GOOD TIME TO SALE, BUT I'M WONDERING IF THERE IS ANY [1:28:17] PROGRESS BEING MADE IN THAT REGARD PARTICULARLY NOW THAT WE CAN SEE MOVING BACK INTO THE [1:28:24] THIRD FLOOR ON THE HORIZON. >> PRESIDENT BRANDT, I KNOW FINANCE IS REALLY EXCITED. [1:28:29] I THINK WE ARE MOVING AT THE END OF JULY BACK TO CITY HALL. MY UNDERSTANDING IS THAT THIS [1:28:34] CHAMBER WILL BE MAINTAINED, AND SO THAT WILL REQUIRE THIS BUILDING NOT BEING SOLD FOR -- [1:28:41] I'M NOT SURE WHAT THE TIMING IS ON THAT. AND THEN CITY OF LAKES ONCE THAT'S FULLY EMPTY, I THINK THAT [1:28:48] WILL BE REVISITED AS WELL. >> OKAY. NOT TO -- NOT TO PUT THIS ON THE [1:28:54] SHOULDER, BUT IT FEELS A LITTLE BIT LIKE A BAIT AND SWITCH WHEN PART OF THE FINANCING PLAN FOR [1:29:01] THE BUILDING AT THE OPPOSITE END OF CITY HALL FROM WHERE WE ARE [1:29:06] NOW WAS SOLD ON GETTING INCOME FROM THE DISPOSAL OF THE TWO [1:29:12] BUILDINGS. THERE IS NO SPACE IN, AGAIN, THIS IS PROBABLY A COUNCIL SPACE ALLOCATION DECISION THAT IS NOT [1:29:19] WITHIN MY HANDS, BUT YOU WOULD THINK THAT IN A BUILDING THAT BIG THERE WOULD BE MEETING [1:29:25] SPACES THAT COULD SERVE THE PURPOSES, FOR EXAMPLE, FOR THE MEETING SPACE AND CASH THAT WAS [1:29:32] PART OF THE FINANCING PLAN FOR THAT BUILDING. AND THAT IS MAYBE A COMMENT. [1:29:37] I DON'T KNOW IF YOU -- >> I THINK THE ONLY THING I WILL SAY IS PRESIDENT BRANDT IS IT IS [1:29:42] TRUE THAT THE DOWNTOWN MARKET IS NOT WHAT IT WAS PRIOR COVID AND CERTAINLY IF WE'RE GOING TO SEE [1:29:48] TO DISPOSE OF PROPERTIES AND GET THE MOST VALUE. [1:29:53] I WOULD DEFER MAYBE TO THE COMMISSIONERS AND THE CITY CLERK ON THE USE OF THE PARTICULAR [1:29:59] CHAMBER. >> OKAY. AND THEN -- ALL RIGHT. [1:30:05] MMISSIONER CHUGHTAI PLEASE. >> THANK YOU, MR. PRESIDENT. I WANT TO ADDRESS YOUR QUESTION ABOUT THESE CHAMBERS. [1:30:13] AND THE CITY HALL ACROSS THE STREET WHERE WE HISTORICALLY HAVE MET IS, YOU ARE CORRECT, [1:30:19] IT'S A LARGE BUILDING. THERE'S A LOT OF SPACE IN IT. IT IS ALSO A BUILDING THAT WE SHARE WITH HENNEPIN COUNTY AND [1:30:25] OWNED BY THE MUNICIPAL BUILDING COMMISSION. AND THERE ARE SIGNIFICANT [1:30:31] PORTIONS OF THAT BUILDING THAT ARE OCCUPIED BY EITHER THE HEN [1:30:41] HENNEPIN COUNTY SHERIFF'S OFFICE T JAIL, THE JUVENILE DETENTION FACILITY, ETC. [1:30:48] A PART OF THE CONSIDERATION AND, YOU KNOW, I CAN APPRECIATE THAT [1:30:53] THIS IS IN PART, MAYBE A COUNCIL DECISION, BUT IT IS ONE THAT IS [1:30:59] LARGELY DRIVEN BY BOTH THE CITY CLERK, WHO YOU'RE CORRECT, DOES REPORT TO THE COUNCIL AND [1:31:07] PROPERTY SERVICES AND WHO REPORTS TO THE MAYOR ULTIMATELY. [1:31:12] SO A LARGE PART OF THE REASON IS BECAUSE CERTAIN TYPES OF MEETINGS, INCLUDING THE BOARD OF [1:31:18] ESTIMATE AND TAXATION AND ALL [1:31:25] TIER ONE COMMISSIONS REQUIRE THE MEETINGS TO BE BROADCAST LIVE, INCLUDE CLOSED CAPTIONING, AND [1:31:30] ONE OF THE SIGNIFICANT CHALLENGES THAT WE RUN INTO IN CARRYING OUT OUR FULL-TIME JOBS, [1:31:36] WHICH IS SERVING AS MEMBERS OF THE COUNCIL, AND DOING OUR WORK [1:31:41] AT THE COMMITTEE LEVEL, IS TIME CONSTRAINTS THAT COME FROM WHEN COMMITTEE MEETINGS NEED TO END, [1:31:47] SO THAT EVENING MEETINGS, SUCH AS THE BET, BUT NOT THE BET ALONE, THE PLANNING COMMISSION, [1:31:53] ETC., CAN CONTINUE THEIR MEETINGS. THAT ALSO HAS A PRETTY SIGNIFICANT BURDEN ON CLERKS AND [1:32:00] ATTORNEYS THAT YOU SEE SITTING OVER HERE THAT ARE NONPARTISAN PROFESSIONAL STAFF WHO HAVE TO [1:32:05] TURN AROUND A ROOM IN A MATTER OF MINUTES AND DON'T GET A BREAK BECAUSE THEY HAVE TO KEEP THE [1:32:11] RECORD OF OUR MEETINGS. AND SO IT JUST CREATES A PRETTY SIGNIFICANT STAFFING CHALLENGE [1:32:16] WITHIN THE CLERK'S OFFICE. IT CREATES A PRETTY SIGNIFICANT PROBLEM WITH CAPTIONING SERVICES, BUT MORE THAN ANYTHING [1:32:23] ELSE, WHEN WE CAN'T COMPLETE OUR BUSINESS BECAUSE WE NEED TO VACATE THE CHAMBERS, RIGHT, WHEN [1:32:31] YOU WALKED IN TODAY, YOU SAW COMMISSIONER PAYNE'S MATERIAL [1:32:36] AND LAPTOPS AND HE HAD COMMITTEE THAT WENT UNTIL WE STARTED HERE. [1:32:44] THAT IS WHAT WE ARE BEING WEIGHED FROM THE CLERK AND BY [1:32:49] THE PROPERTY SERVICES DIRECTOR AND IS -- I DON'T THINK IT IS [1:32:55] THE INCORRECT CONCLUSION TO MAINTAIN THE SPACE TO CONTINUE FOR ALL THE OF US TO DO THE BUSINESS THAT WE WERE ELECTED OR [1:33:01] APPOINTED TO COMPLETE. >> OKAY. I HOPE I WAS CLEAR ENOUGH. [1:33:07] I WASN'T SUGGESTING THAT THE FUNCTIONS HERE ARE HANDLED IN CITY HALL WHICH AS YOU SAY IS A [1:33:12] SHARED BUILDING BUT IN THE FURTHER BUILDING AND THE PUBLIC [1:33:20] BUILDING ANDERSON KELLIHER FROM THE FUTURE AND THANK YOU FOR THAT AND APPRECIATE IT. [1:33:29] YOU WOULD LIKE TO DO A TIME CHECK. FIRST OF ALL, DO WE HAVE AN EXTENSION FROM OUR CAPTIONERS? >> MR. PRESIDENT, WE DO NOT YET, [1:33:37] BUT SHE IS WORKING ON SEEING IF IT'S POSSIBLE. >> ALL RIGHT. I SEE TWO ITEMS ON THE AGENDA [1:33:44] TODAY THAT ARE SORT OF MUST DO THINGS. THE ITEM THAT COMMISSIONER [1:33:50] PREE-STINSON HAS BROUGHT UP TO SUBSTITUTE THE CLERK IN THE INFORMATION REQUEST PROCESS, AND THEN ALSO THE AUTHORIZATION OF [1:33:58] THE STAFF TO THE AUTHORIZATION [1:34:05] OF THE STAFF TRAINING WITH A [1:34:13] BUDGET AMENDMENT. IN AN IDEAL WORLD, WE WOULD TACKLE AND WORK OUR WAY THROUGH AT LEAST SOME PARTS OF THE WORK [1:34:20] PLAN DISCUSSION. BUT -- [1:34:27] IF ANYBODY HAS A THOUGHT ON WHAT'S THE PLEASURE OF THE GROUP? COMMISSIONER PREE-STINSON. >> IF WE'RE NOT ABLE TO GET TO [1:34:34] ACTUALLY APPROVING THE WORK PLAN TODAY, I DO THINK THAT THERE IS SOME DISCUSSION TO LEVEL SET [1:34:40] SOME THINGS IN ORDER TO KEEP THINGS GOING SMOOTH FOR OUR STAFFER, CHRISTINA, AS WELL AS [1:34:46] FOR OURSELVES, SOME THINGS THAT CAME UP DURING MY LEADING THE ON BOARDING PROCESS WITH HER, THAT [1:34:53] I JUST DON'T SEE WOULD BE WISE FOR US TO WAIT UNTIL THE JUNE 25 MEETING, SO AT LEAST A BASIC DISCUSSION TO MAKE SURE WE'RE [1:34:59] ALL ON THE SAME PAGE ABOUT THE DIFFERENCE BETWEEN SOMEBODY'S JOB DESCRIPTION AND THE WORK PLAN AND WHERE WE'RE AT. [1:35:04] AND WHAT WE'RE ABLE TO ASK OF OUR STAFFER. I WOULD AT LEAST BE -- LIKE TO [1:35:09] BE ABLE TO TALK ABOUT THAT EVERYBODY IF WE CAN'T FULL ON GET TO APPROVING THE WORK PLAN. [1:35:18] >> ALL RIGHT. >> MR. PRESIDENT, >> WE JUST GOT A RESPONSE FROM [1:35:24] THE CAPTIONER AND THEY ARE ABLE TO STAY UNTIL 6:30. >> WONDERFUL. THAT HELPS. [1:35:29] >> WHAT'S -- >> LET'S PROCEED. I HAVE A FEW MORE QUESTIONS. ONE IS ABOUT THE -- AND I KNOW I [1:35:35] TEND TO EXTEND MEETINGS WITH THEM. THE LOSTT REVENUES. [1:35:43] THAT'S A HEALTHY PICTURE. THERE'S A REBOUND, AS WAS [1:35:49] PREDICTED AFTER THE PANDEMIC WANED. CAN SOME OF THAT BE USED OR BE [1:35:57] TRANSFERRED TO SUBSIDIZE THE GENERAL FUND TO A GREATER DEGREE. I KNOW THAT'S NOT HOLDING [1:36:04] CURRENT CONDITIONS LEVEL, WHICH IS THE PURPOSE OF THIS DOCUMENT. AND THEN YOU MENTIONED IN THE [1:36:11] NEXT PAGE, OF COURSE, THAT THE FUND BALANCE FOR THE DOWNTOWN ASSET FUND IS PROJECTED TO [1:36:17] DECLINE, ALTHOUGH THERE'S A CAVEAT THAT THE -- THAT THE [1:36:23] PAYMENT COULD BE, THE BALLOON PAYMENT COULD BE REAMORTIZED. [1:36:34] BUT IF YOU COULD QUESTION THE DEGREE OF GREATER DEGREE OF [1:36:40] THROUGH THE LOST REVENUE. >> ABSOLUTELY, PRESIDENT BRANDT. I THINK I WILL START WITH THE CATEGORIES OF LOST REVENUES. [1:36:45] AND THE ENTERTAINMENT TAX IS THE MOST GENERAL PURPOSE REVENUE OF THOSE REVENUES. [1:36:50] SO CURRENTLY THAT IS WHAT IS THE [1:36:56] GENERAL FUND TRANSFER AND THE FULL AMOUNT OF ENTERTAINMENT TAXES ARE CURRENTLY BOOKED TO GO TO THE GENERAL FUND EACH YEAR. [1:37:01] AND IN ADDITION TO THAT WITHIN THE STIPULATIONS AND STATE STATUTES, ANY ECONOMIC [1:37:07] DEVELOPMENT RELATED ACTIVITY CAN BE FUNDED BY THE BASEBALL TAXES AND FURTHER DOWN ON THE [1:37:13] ITEMIZATION OF USES AND BEING OPERATIONS AND DEBT SERVICE WITHIN THE ASSETS. BUT ECONOMIC DEVELOPMENT [1:37:18] PROGRAMS IS ALSO AN OPPORTUNITY. SO WE REVISIT THE AMOUNT OF [1:37:25] PROGRAMS ANNUALLY THAT WOULD BE APPLICABLE TO THAT. AND SO THAT IS A WAY THAT WE CAN [1:37:30] GET ADDITIONAL REVENUES INTO THE GENERAL FUND. BEYOND THAT, IT D US NEED TO [1:37:37] MEET THE THRESHOLD. >> I'M SORRY. I MAY NOT HAVE BEEN LISTENING CAREFULLY ENOUGH AND THINKING ABOUT THE NEXT QUESTION, BUT IS [1:37:45] THERE STILL ECONOMIC ACTIVITY NOT FUNDED FROM THESE SOURCES THAT COULD POTENTIALLY BE FUNDED [1:37:51] IF MORE WERE SHIFTED? >> JUST FOR CLARIFYING QUESTION, EXISTING PROGRAMS IS WHAT YOU ARE ASKING? [1:37:56] >> YES, SIR. >> WE WILL LOOK AT THAT. I WOULD SAY WE DO THIS ANNUALLY, [1:38:02] SO I THINK IT'S RARE THAT ADDITIONAL PROGRAMS WOULD BE IDENTIFIED, BUT THAT IS SOMETHING WE LOOK AT EVERY YEAR. [1:38:08] >> OKAY. THANK YOU FOR THAT ANSWER. I'M NOT TRYING TO BE A COUNCIL MEMBER HERE AND BUDGET SPENDING, [1:38:14] BUT I JUST WANTED TO KNOW FOR PURPOSES OF THE LEVY. [1:38:20] AND IS IT -- IS MY UNDERSTANDING CORRECT THAT THE EXPANSION OF THE DOWNTOWN TAXING DISTRICT TO [1:38:27] INCLUDE ALL THE NORTH LOOP FAILED THIS SESSION? >> YES, THAT IS -- YES, THAT IS MY UNDERSTANDING. [1:38:33] >> OKAY. I'M SORRY TO HEAR THAT BECAUSE I THOUGHT THAT WAS LOW-HANGING FRUIT. BUT THE LEGISLATURE IN ITS [1:38:41] WISDOM, AND OF COURSE, THE DRAW DOWN IN SALT WOULD BE AFFECTED [1:38:47] SHOULD THERE BE A PROPOSAL, POTENTIALLY AFFECTED IF THERE WERE A PROPOSAL PUT ON THE TABLE [1:38:53] FOR A NEW BASKETBALL ARENA AND A REQUEST THAT SOME OF THE [1:38:59] DOWNTOWN ENTERTAINMENT AND SO ON TAXES BE USED FOR THAT PURPOSE. [1:39:06] ALL RIGHT. AND TRYING TO MOVE THROUGH [1:39:13] QUICKLY. AND I THINK THAT'S IT. THANK YOU VERY MUCH FOR THIS PRESENTATION. ANY FURTHER QUESTIONS? THANK [1:39:18] YOU. I'M GOING TO GO BACK AND LISTEN TO THIS AT LEAST ONCE MORE AND MAYBE TWICE. ALL RIGHT. [1:39:23] THANK YOU. THE CLERK WILL RECEIVE AND FILE THIS PRESENTATION. [1:39:29] AND WOULD PEOPLE MIND IF WE SKIPPED TO THE NUMBER NINE, [1:39:37] WHICH IS THE PASSAGE OF A RESOLUTION AMENDING THE 2025 [1:39:42] BUDGET RESOLUTION TO REALLOCATE UNUSED SALARY FUNDS AND SO [1:39:48] EXPLAIN THE PURPOSE OF THIS IS TO ALLOW OUR STAFFER TO BEGIN [1:39:53] SOME TRAINING ACTIVITY THIS IS YEAR THAT EASE HER TRANSITION [1:39:58] FROM EXPERTISE IN VARIOUS THINGS SHE HANDLED AT THE FEDERAL LEVEL TO A MORE MUNICIPALLY ORIENTED [1:40:06] SET OF SKILLS USING TRAINING THAT'S SPECIFIC TO MINNESOTA. [1:40:12] I WONDERED IF I COULD HAVE A MOTION BEFORE WE HAVE DISCUSSION. >> SO MOVED. [1:40:17] >> SECOND. >> ALL RIGHT. >> ANY DISCUSSION? ALL THOSE IN FAVOR SAY AYE? [1:40:27] OKAY. WAIT A MINUTE. THAT WAS A RESOLUTION, SO WE NEED TO DO A ROLL CALL, CORRECT? [1:40:36] I'M LEARNING. >> THIS IS THE VOTE FOR RESOLUTION 2025-0007. [1:40:45] COMMISSIONER FREY IS ABSENT. ABENE, AYE. PAYNE, AYE. [1:40:53] CHUGHTAI, AYE. VICE PRESIDENT PREE-STINSON, AYE. PRESIDENT BRANDT, AYE. [1:40:59] >> THERE ARE FIVE AYES. >> ALL RIGHT. THANK YOU. AND ITEM 12, I JUST WANT TO SKIP [1:41:06] AROUND A LITTLE BIT IN THE INTEREST OF GETTING THINGS WE NEED TO GET TAKEN CARE OF TAKEN CARE OF IS THE TRANSMITTAL OF [1:41:14] CAPITAL PROJECTS THAT HAVE BEEN APPROVED BY THE COUNCIL FOR WHICH THE BOARD WILL CONSIDER [1:41:20] APPROVING THE ISSUANCE OF TAX EXEMPT GENERAL OBLIGATION BONDS AT FUTURE MEETS. WONDERED IF I COULD HAVE A [1:41:27] MOTION? >> SO MOVED. >> SECOND. >> ALL RIGHT. ANY DISCUSSION? ALL THOSE IN [1:41:34] FAVOR SAY AYE. OPPOSED? ALL RIGHT. THAT MOTION IS APPROVED. [1:42:00] WE WILL NOW MOVE TO ITEM NUMBER [1:42:05] 11 FOR AN UPDATE. >> I'D LIKE TO DEFER THIS TO THE JUNE 25 MEETING, BUT I DO WANT TO EXPRESS MY INTENTION TO MY [1:42:12] COLLEAGUES THAT THIS ITEM IS GOING TO BE TO, WE'LL GET TO IT IN THE BUDGET PORTION TODAY, BUT [1:42:18] MY INTENTION IS THAT WE VOTE ON THE POSSIBILITY OF ADDING [1:42:24] PARA FOR 2026, AS WELL AS SOME [1:42:29] IMPACT FOR 2025. I'D LIKE TO TALK ABOUT THE PAY FOR BET AS IT RELATES TO ADDITIONAL DUTIES WITH [1:42:36] SUPERVISION AND VICE PRESIDENT RESPONSIBILITIES AS THERE'S NONE NOW, AND I HAVE SOME SUGGESTIONS. SO I JUST WANTED TO NAME THAT [1:42:42] INTENTION SO FOLKS ARE PREPARED FOR WHAT THAT DISCUSSION WILL BE ABOUT GENERALLY, AND FOLKS DON'T [1:42:48] FEEL BLINDSIDED ABOUT WHAT THIS ITEM IS ABOUT, BUT I DO FEEL IT'S APPROPRIATE TO MOVE TO JUNE [1:42:53] 25. >> OKAY. THE CLERK WILL TAKE NOTE FOR THE JUNE 25 AGENDA. [1:42:59] WE NOW ALSO HAVE IN FRONT OF US THE AMENDMENTS TO THE BET [1:43:04] INFORMATION REQUEST MEMO INSTRUCTION. AND I WOULD LIKE TO DISPOSE OF [1:43:09] THAT ONE TODAY SO THAT WE CAN DO WHAT WE WANT TO DO MOVING FORWARD. AND COMMISSIONER PREE-STINSON [1:43:16] WAS THE ONE WHO NOTICED THIS AND I SUGGESTED WE BRING IT FORWARD AND I THANK HER FOR PUTTING IT [1:43:22] ON THE AGENDA. DO YOU WANT TO INTRODUCE IT? >> YES. OH, WE ARE GOING TO TALK ABOUT IT. >> I THINK WE CAN GET IT [1:43:28] APPROVED. >> IT IS A QUICK SQUEEZE. REALLY, I WANT -- WHAT I AM SUGGESTING IS WE MOVE WHAT WE [1:43:34] ALREADY ADOPTED AND HOW WE SAID WE'RE GOING TO DO IT TO MOVE IT OVER TO THE NOW STAFFER. WITH THE ADDITION OF, AND WE [1:43:40] WILL GET TO THAT IN THE WORK PLAN THAT THEY ARE ABLE TO DEVELOP A PROCESS THAT WORKS FOR [1:43:45] US, FOR THIS BODY. THEY WILL FOLLOW IT AS IT IS, BUT I WOULD LIKE TO SEE SOME RECOMMENDATIONS COME FOR HOW [1:43:51] THAT MIGHT WORK A LITTLE BIT BETTER FOR THEM IN THEIR ROLE THAN HOW IT WORKED WITHIN THE [1:43:57] CLERK'S OFFICE, WHICH MADE SINCE IN THAT ITERATION. BUT THE BIGGER THING IS JUST MOVING AS IT IS WRITTEN NOW, FOR [1:44:03] THE CLERK'S OFFICE TO HANDLE THE FOLLOW-UP, ESSENTIALLY, WHICH IS WHAT IS HAPPENING TO MOVE THAT [1:44:09] OVER TO OUR NOW STAFFER. >> OKAY. AND THE AMENDMENT, PROPOSED [1:44:16] AMENDMENT IS IN THE BOARD AGENDA. IS THERE ANY OTHER DISCUSSION? COMMISSIONER ABENE? [1:44:22] >> I'M REALLY -- THANK YOU, PRESIDENT BRANDT. I'M REALLY GRATEFUL NOR CHANGE. AND THAT WAS SOME OF MY CONCERN [1:44:27] LAST YEAR WHEN WE ADOPTED THIS PROCESS, SO I THINK THIS MAKES IT MUCH MORE STREAMLINED [1:44:35] PARTICULARLY BECAUSE OF THE LEAD TIME WE MIGHT HAVE TO INTERACT AND ASK QUESTIONS. [1:44:40] THE BUDGET STUFF IS BEING WORKED ON AND THE INK IS BASICALLY DRYING WHEN IT IS BROUGHT TO US, [1:44:45] SO I THINK THIS IS A GREAT MOVE. >> ALL RIGHT. ANY OTHER DISCUSSION? WONDERED IF I COULD HAVE A MOTION TO ADOPT THE AMENDMENT. [1:44:51] >> SO MOVED. >> SECOND, IS THERE A SECOND? >> SECOND. >> ALL RIGHT. ANY DISCUSSION? [1:44:56] >> ALL THOSE IN FAVOR SAY AYE. OPPOSED? OKAY. THE MOTION PASSES. [1:45:04] >> WE NOW ARE DOWN TO THE BUDGET UPDATE AND THE WORK PLAN. [1:45:12] MY THOUGHT IS THAT THE BUDGET [1:45:18] UPDATE COULD PROBABLY WAIT UNTIL OUR NEXT MEETING. [1:45:23] WE'RE NOT IN ANY DIRE NEED OF DEALING WITH THAT TODAY. AND IT WOULD BE NICE TO HAVE [1:45:30] SOME CONSENSUS ON AT LEAST CERTAIN ASPECTS OF THE STAFF [1:45:35] WORK PLAN SO THAT OUR STAFF CAN MOVE AHEAD. [1:45:40] I'M SURE SHE'S DOING A LOT RIGHT NOW JUST TO GET HER FEET ON THE GROUND, BUT IT WOULD BE NICE TO [1:45:46] HAVE SOME CONSENSUS. AND I NEED TO BRING UP THE WORK PLAN MATTER AND SOME OF THE [1:45:52] IDEAS THAT ARE THERE. THERE ARE SOME THINGS THAT MIGHT [1:45:58] BE MORE THAN WE WANT TO TAKE ON [1:46:03] TODAY. AND I WONDER IF CHRISTINA, IF YOU WOULD BE WILLING TO GO AHEAD [1:46:09] AND LEAD YOUR PRESENTATION. >> ABSOLUTELY. [1:46:34] >> I'LL TRY TO GO QUICKLY -- SORRY, PRESIDENT BRANDT, ARE YOU [1:46:40] OKAY IF I BEGIN? >> ABSOLUTELY. >> I WILL TRY TO MOVE QUICKLY BECAUSE I DON'T THINK THE [1:46:46] MAJORITY OF THE PRESENTATION IS LESS OF A PRESENTATION AND MORE OF A DISCUSSION AMONG THE COMMISSIONERS ABOUT THE GOALS OF [1:46:51] THE LONG-TERM GOALS OF THE STAFFER POSITION. HOWEVER, I WILL GIVE YOU A BIT OF BACKGROUND. OVER THE LAST COUPLE OF WEEK I [1:46:56] MET WITH EACH OF YOU AND FOR THOSE I COULDN'T MEET WITH, I MET WITH STAFF TO GO OVER SOME OF THE RESEARCH PRIORITIES AND [1:47:02] WHAT YOU HAD DREAMED AND ENVISIONED FOR THE SCOPE OF THE BET AND FOR THE STAFF ROLE IN YOUR EXPECTATIONS OF ME. [1:47:08] AND SO WHILE THIS ISN'T CHANGING ANYTHING ON THE JAQ, IT IS NOT CHANGING THE DAY-TO-DAY [1:47:13] RESPONSIBILITIES. IT IS DEFINING THE RESEARCH PRIORITIES THAT WERE A LARGE PORTION OF MY JOB [1:47:19] RESPONSIBILITIES. SO IT'S IDENTIFYING WHAT THOSE THINGS ARE THAT YOU WOULD LIKE [1:47:25] RESEARCHED. OVERALL, THERE WERE SOME SIMILARITIES BETWEEN EACH OF THE COMMISSIONER, BUT THERE ARE [1:47:30] DEFINITELY VARYING IDEAS OF THOUGHT. BEFORE I GET INTO SPECIFICALLY WHAT SOME OF THE IDEAS ARE, I WILL SHOW YOU SOME GUIDING [1:47:36] PRINCIPLES THAT WE NEED TO REMEMBER. I KNOW MANY OF YOU BROUGHT THESE UP AT YOUR MARCH MEETING, SO I [1:47:42] DON'T MEAN TO RE-REMIND YOU, BUT GUIDING PRINCIPLES THAT WE CAN KEEP IN MIND. NUMBER ONE, REQUIREMENTS FOR [1:47:48] SUCCESS, THE ROLE OF THE BET REQUIRES AN ONGOING HEALTHY RELATIONSHIP WITH THE CITY ATTORNEY'S OFFICE. THAT'S DUE TO THE IDEA OF [1:47:55] SURROUNDING WHAT CAN THE STAFFERER INVESTIGATE AND WHAT CAN'T THEY? CITY ATTORNEY'S OFFICE HAS BEEN VERY HELPFUL TO [1:48:02] ME AND WE ARE FACILITATING A HEALTHY RELATIONSHIP, BUT JUST A REMINDER THAT WE WILL NEED TO CONTINUE THAT BECAUSE A LOT OF [1:48:08] QUESTIONS OF WHETHER OR NOT THE STAFF CAN DO RESEARCH WILL BE FUNNELED THROUGH THE CITY ATTORNEY'S OFFICE. SECONDLY T STAFFERER REQUIRES [1:48:14] THE ABILITY TO REQUEST INFORMATION, JOIN WORKING GROUPS, PARTICIPATE IN JOINT TASK FORCES, WHICH IS ESSENTIAL [1:48:19] TO AVOIDING DUPLICATIVE EFFORTS. YOU WILL SEE ON THE NEXT SLIDE [1:48:25] ACTUALLY WHEN WE TALK ABOUT THE DIFFERENT RESEARCH IDEAS THAT DIFFERENT COUNCIL MEMBERS HAD, DIFFERENT CITY DEPARTMENTS ARE [1:48:38] UNDE UNDERTAKING AND TO ALLOW THE STAFFER TO FACILITATE SOME OF THE DISCUSSIONS AND BE ON SOME [1:48:44] OF THE TASK FORCE AROUND MEETINGS SO THEY CAN BRING BACK [1:48:49] TO YOU INFORMATION THAT MIGHT ALREADY BE IN EXISTENCE AND PUT INTO A WAY THAT IS UNDERSTAND TO BELIEVE THE BET AND HIGHLY [1:48:55] RELATABLE TO YOU. IT IS JUST MAKING SURE WE FACILITATE THE DIFFERENT DISCUSSIONS WITH OTHER CITY [1:49:01] DEPARTMENTS TO MAKE SURE WE ARE NOT DUPLICATING WORK. FINALLY, A REVIEW MAY BE NEEDED FOR HOW INFORMATION IS PRESENTED [1:49:07] TO THE DEPARTMENTS BY THE BET. THIS ISN'T NECESSARILY AS RELATABLE TO THIS CONVERSATION, BUT SOMETHING THAT WAS BROUGHT [1:49:13] UP TO ME BY ONE PARTICULAR COMMISSIONER'S OFFICE WAS A LITTLE BIT DIFFERENT THAN WHAT I HAD SEEN DISCUSSED HERE [1:49:20] PREVIOUSLY. PREVIOUSLY IT HAD BEEN DISCUSSED THAT CITY STAFF ARE REDOING [1:49:26] PRESENTATIONS FOR THE BET THAT THEY'RE ALREADY DOING FOR OTHER, FOR EXAMPLE, THE CITY COUNCIL AND SO IT WAS THE IDEA THAT [1:49:33] MAYBE THEY DO AN AMENDED VERSION OR AN ABRIDGED VERSION TO JUST [1:49:38] GIVE THE PRESENTATION TOWARDS THE BET SPECIFICALLY. HOWEVER, WHEN I SPOKE TO THAT COMMISSIONER'S OFFICE, IT WAS [1:49:44] MORE THE IDEA THAT THE BET COULD GO AND REVIEW THOSE MEETINGS VIA [1:49:50] YOUTUBE AND THAT THOSE STAFF PRESENTERS WOULD ONLY BE HERE TO ANSWER QUESTIONS. NOT SAYING WE HAVE TO TACKLE [1:49:55] THAT TODAY, BUT I JUST WANTED TO LET YOU KNOW THERE ARE VARYING THOUGHTS FOR HOW SHOULD CITY STAFF MEMBERS COME HERE AND [1:50:01] PRESENT TO YOU? SO THAT WE'RE BEST USING THEIR TIME. IT WAS ANOTHER THING THAT WAS [1:50:07] BROUGHT UP THAT I THOUGHT SHOULD COME TO YOUR ATTENTION. AS FOR THE RESEARCH DISCUSSION [1:50:12] TOPICS THAT I THINK YOU ALL NEED TO TAKE BACK AND DECIDE WHAT YOUR PRIORITIES ARE, PRESIDENT BRANDT AS YOU KNOW HAD THE BET [1:50:19] WORK PLANS MEMO FROM BACK IN MARCH THAT HAD SEVERAL ITEMS. BUT THE TWO HE AND I REALLY [1:50:24] SEEMED TO FOCUS ON WAS THE ANALYSIS OF ALTERNATIVE SOURCES OF REVENUE TO DECREASE RELIANCE [1:50:29] ON CITY PROPERTY TAX. THERE IS ALREADY AN EFFORT BY THE CITY COUNCIL TO EXPLORE THIS [1:50:35] ISSUE. IT'S NOT EXACTLY IN SCOPE TO HOW PRESIDENT BRANDT HAD WORDED IT. HOWEVER, IT IS VERY SIMILAR. [1:50:41] THEY ARE EXPLORING THINGS SUCH AS AN INCOME TAX. THEIR SELF-IMPOSED DEADLINE FOR [1:50:47] THIS INFORMATION WAS JULY 1 OF 2025. SO MY ASK WOULD BE IF WE MAKE THIS A PRIORITY, THE FIRST ■STE [1:50:53] IN THAT IS GOING TO BE ME GETTING WITH THE RESEARCH ARM OF THE CITY COUNCIL TO FIND OUT [1:50:59] WHAT INFORMATION THEY UNCOVERED OR IF IT'S STILL IN PROGRESS, IF THAT DUE DATE HAS MAYBE CHANGED. [1:51:05] ALONG THAT LINE OF THINKING AS WELL, PRESIDENT BRANDT AND I HAD A CONVERSATION WITH OUR ATTORNEY, MR. HAMMER AS TO [1:51:11] WHETHER OR NOT THE BET COULD INDEPENDENTLY DO THIS. I'LL LET PRESIDENT BRANDT SPEAK TO SOME OF HIS THOUGHTS AND [1:51:17] WHETHER WE COULD OR COULD NOT. IT DOES PULL INTO QUESTION WHETHER OR NOT THE BET ON OUR OWN COULD EXPLORE THIS ISSUE OR [1:51:23] NEED TO PARTNER IN SOME WAY WITH CITY COUNCIL OR ANOTHER CITY DEPARTMENT. [1:51:28] THE SECOND THING THAT PRESIDENT BRANDT HAS IN OUR DISCUSSION WAS AN ANALYSIS OF MAJOR CUSTODY [1:51:34] DRIVERS AND CITY BUDGET GROWTH. I HAVE HEARD THIS REPEATED SEVERAL TIMES WHEN BUDGET WAS GIVING THE PRESENTATION. I HEARD IT FROM COMMISSIONER [1:51:40] PAYNE AND COMMISSIONER CHUGHTAI. THAT SEEMS TO BE A PRETTY CONSISTENT WANT BECAUSE IT WAS REPEATED AGAIN TONIGHT. [1:51:46] FOR VICE PRESIDENT PREE-STINSON, AS SHE SPOKE EARLIER, SHE IS LOOKING INTO ME LOOKING INTO [1:51:53] PARA AVAILABILITY AND EMPLOYEE COST FOR BET-ELECTED OFFICIALS. S THAT SOMETHING I THINK THE [1:51:59] TURN AROUND TIME COULD BE PRETTY QUICK, IF NOT NEXT MEETING, BUT THE MEETING AFTER THAT WILL BE A [1:52:04] PRESENTATION. I DON'T THINK THAT WILL REQUIRE AS LONG AND A MULTI-MONTH STUDY AS THE OTHERS, SO I THINK WE CAN [1:52:10] KNOCK THAT OUT PRETTY QUICKLY. FINALLY COMMISSIONER PAYNE WOULD LIKE AN ANALYSIS OF OTHER [1:52:15] RESPONSES TO DOWNTOWN VALUATION, WHICH TIES BACK TO THE BUDGET PRESENTATION. [1:52:20] IF YOU WERE NOT MENTIONED AND HERE, IT IS BECAUSE YOU DIDN'T HAVE ANY SPECIFIC RESEARCH PROJECTS FOR ME, WHICH IS [1:52:26] TOTALLY OKAY, BUT THESE CAME UP TO PRESENT TO THE BOARD. AND THIS WILL BE MORE OF A [1:52:31] CONVERSATION TO DECIDE WHERE YOU WOULD LIKE TO START IN YOUR PRIORITY, BUT I AM CERTAINLY HERE FOR ANY QUESTIONS IF YOU [1:52:36] HAVE THEM FOR ME. >> THANK YOU FOR THE PRESENTATION. [1:52:42] I WOULD LIKE TO LEAD OFF A BIT HERE BECAUSE THE TWO TOPICS I [1:52:50] PUT FORWARD IN THE DOCUMENT THAT STAFF JUST REVIEWED ARE OBVIOUSLY BIG DEALS. [1:53:01] AND I THINK THEY WOULD NEED A LOT OF DISCUSSION BEFORE WE PUT THEM IN THE WORK PLAN. I DON'T WANT TO STEP ON THE [1:53:07] COUNCIL'S TOES HERE IN WAYS THAT AND INTERFERE WITH WORK THEY ARE [1:53:16] ALREADY DOING. THAT WOULD BE DISRUPTIVE. [1:53:22] JUST TO ELABORATE ON WHAT CHRISTINA AND I HAD BY WAY OF [1:53:28] DISCUSSION WITH MR. HAMMER, HE WAS FAIRLY FIRM THAT THE BET ON [1:53:35] ITS OWN COULD NOT DO THAT INITIATE AND CARRY OUT THAT ANALYSIS OF ALTERNATIVES VERSUS [1:53:42] IF REVENUE FOR A VARIETY OF REASONS RELATED TO SORT OF ANALYSIS OF THE CHARTER. [1:53:49] AND HOWEVER, HE DID TELL US THAT IT WOULD BE POSSIBLE TO DO THAT [1:53:55] KIND OF RESEARCH IF A MEMORANDUM OF AGREEMENT WAS REACHED BETWEEN [1:54:00] THE BET AND THE CITY COUNCIL, IF THAT WOULD BE HELPFUL. AND THAT WOULD PROVIDE SOME [1:54:08] ADDITIONAL RESEARCH CAPABILITY TO WHAT HAS ALREADY BEEN LAUNCHED BY THE CITY COUNCIL, BUT I WANT TO TAKE THAT OFF THE [1:54:13] TABLE TONIGHT BECAUSE I THINK THAT'S A COMPLICATED DISCUSSION, AND I NEED TO KNOW MORE ABOUT WHAT THE COUNCIL IS DOING. [1:54:20] AND THE ANALYSIS OF THE COST DRIVERS IN THE CITY BUDGET [1:54:26] GROWTH. I HAVE IDEAS THERE ABOUT DOING SOMETHING SIMILAR TO WHAT THE CITY OF ST. PAUL HAS -- I SHOULD [1:54:32] SAY, WAS RECENTLY DONE CONCERNING THE CITY OF ST. PAUL BUDGET BY A GROUP OF OUTSIDE [1:54:40] FOLKS INCLUDING A FORMER CITY BUDGET DIRECTOR, A PROMINENT [1:54:46] DEVELOPER, A FORMER PRESIDENT EDITOR, THE ST. PAUL PAPER, AND [1:54:51] BUT IT RAISES THE QUESTION OF WHETHER WE WANT OUR STAFF TO [1:54:59] POTENTIALLY STAFF AN EXTERNAL ANALYSIS OF CITY BUDGET GROWTH OR WHETHER IT SHOULD BE INTERNAL [1:55:04] AND EXTERNAL PARTICIPANTS OR ENTIRELY INTERNAL. SO I WOULD LIKE TO PULL THOSE [1:55:10] OFF THE TABLE FOR TONIGHT AND MY FEELING IS THAT THE TWO ITEMS, [1:55:16] SPECIFIC ITEMS THAT ARE REMAINING HERE, AND PUTTING ASIDE ALL THE SMALLER ONES THAT I HAD IN MY EARLIER MEMO, ARE [1:55:24] ONES THAT IT WOULD BE NICE TO GET SOME DISCUSSION ON SO THAT [1:55:30] CHRISTINA HAS SOME DIRECTION TO GO FORWARD IF THERE'S CONSENSUS THAT THESE ARE ITEMS THAT WE [1:55:35] WOULD LIKE HER TO GO FORWARD ON. SO WITH THAT, I'VE SAID ENOUGH. [1:55:43] COMMISSIONER PREE-STINSON. >> SETTING MYSELF A 5-MINUTE TIMER. I WANT TO JUST CLARIFY AND [1:55:50] RECENTER OUR DISCUSSION TO MAKE SURE THAT WE HAVE AGREEMENT AND UNDERSTANDING, ONE, AROUND THE [1:55:55] WORD OF RESEARCH. I THINK WE NEED TO BE CAREFUL ABOUT THE WORD WE'RE USING TO DESCRIBE WHAT WE'RE TALKING [1:56:00] ABOUT. I THINK THERE'S A BIG DIFFERENCE -- IN FACT, I KNOW THERE IS A BIG DIFFERENCE BETWEEN RESEARCH AND A PURE INFORMATION REQUEST. [1:56:06] AS ELECTED OFFICIALS WE HAVE A RIGHT TO ASK OUR STAFFER [1:56:12] QUESTIONS THAT WE MIGHT NEED ANSWERED IN ORDER TO BRING THINGS TO THE BOARD. I DON'T THINK THAT MEETS THE [1:56:17] DEFINITION WE PREVIOUSLY HEARD WHEN WE WERE GOING BACK AND FORTH ABOUT THE CONVERSATION AS STAFFER THAT THAT IS GIVING [1:56:24] DIRECTION. AS OTHER ELECTED OFFICIALS THAT ARE HERE HAVE STAFF THEY ASK QUESTIONS OF IN ORDER TO GET [1:56:30] INFORMATION TO MAKE DECISIONS SO I THINK WE NEED TO DIFFERENTIATE BETWEEN ASKING AN INFORMATIONAL [1:56:35] REQUEST OF CHRISTINA VERSUS ASKING FULL-BLOWN SEARCH ON A SUBJECT. [1:56:40] I THINK THAT'S A BIG DIFFERENCE. WHAT I DON'T WANT IS FOR US TO -- TO FORGET MYSELF FOR THE [1:56:47] MOMENT. AND WHAT I DON'T WANT IS FOR A STAFFER TO FEEL LIKE THEY ARE IN A POSITION TO ANSWER THEIR QUESTIONS BECAUSE THEY ARE [1:56:52] WORRIED THEY ARE BREAKING AN OPEN MEETING LAW OR GOING AGAINST WHAT'S IN THE WORK PLAN. [1:56:58] THAT'S NOT THE INTENTION OF A WORK PLAN IS A LITTLE -- THE JOB [1:57:04] DESCRIPTION IS THE JOB DESCRIPTION. WE VOTED ON THAT AND WE KNOW WHAT THAT IS AND THAT. [1:57:10] AND THE DIFFERENCE IS IT IS OUTLINING THE WHAT AND THE DUTIES AND THE GENERAL RESPONSIBILITIES AND THE [1:57:16] EXPECTATIONS. IT IS FIXED. THE WORK PLAN OUTLINES THE HOW, THE WHEN, AND THE WHAT. THAT IS WHAT THIS WORK PLAN [1:57:21] SHOULD BE IF IT'S INCLUDING OTHER THINGS OTHER THAN THAT, IT WOULDN'T BE APPROPRIATE FOR A WORK PLAN. [1:57:27] THAT IS NOT WHAT A WORK PLAN IS. THERE SHOULD BE SPECIFIC GOAL, DELIVERABLES. [1:57:32] THERE SHOULD BE TIMELINES. THERE SHOULD BE FOCUS AREAS GIVEN FOR A PERIOD. IT IS SOMETHING THAT IS DYNAMIC [1:57:37] AND PRIORITIZED THE SHIFT OR AS NEW NEEDS EMERGE, IT ALLOWS AND [1:57:47] ADDRESS THROUGH THE WORK PLAN. IT IS ALSO A PROCESS OR COMPLEMENT OF THE ONBOARDING THEY ARE GETTING DIRECTION FROM [1:57:53] US ESPECIALLY WITHIN THE FIRST YEAR WITHIN THEIR ROLE. IT IS ALSO THE WAY WE MONITOR FOR ACCOUNTABILITY. [1:57:58] WE'VE ALREADY CHOSEN THE RIGHT PERSON FOR THE RIGHT ROLE. WE'VE DONE THAT PART, CHECK, BUT [1:58:03] THE WORK PLANS ARE HOW WE HOLD CHRISTINA ACCOUNTABLE, BUT ALSO [1:58:08] HOW WE HOLD OURSELVES ACCOUNTABLE IF THINGS ARE NOT GOING TO HOW WE DECIDED HERE. [1:58:14] I WANT TO TALK BRIEFLY ABOUT THE PROFESSIONAL DEVELOPMENT PIECE. THE WORK PLAN IS ALSO PART OF THE PROFESSIONAL DEVELOPMENT. [1:58:21] WE ARE AN INDEPENDENT BOARD. CHRISTINA IS NOT AN INDEPENDENT PERSON. SHE IS AN EMPLOYEE OF THE CITY, [1:58:26] AND SO IT'S PART OF PROFESSIONAL [1:58:32] AND THAT IS ALSO PART OF THE PLAN OF THE WORK. THIS WILL TIE INTO PERFORMANCE [1:58:37] EVALUATION AS WELL. AND THEN WORK PLANS ALSO REFLECT THE ORGANIZATIONAL STRATEGY, SO IT'S ALSO A TRANSPARENCY PIECE [1:58:45] TO. THERE'S EQUITY IN IT AND I SPOKE TO THE TRANSPARENCY. IF WE WANT TO LEAD WITH THAT [1:58:51] ACCOUNTABILITY AND CLARITY, WHICH I SAID WE DO, WE NEED TO MOVE BEYOND THE JOB DESCRIPTION [1:58:56] AND TO OUTLINE THE THINGS THAT I DESCRIBED. AND I HAVE A FEW THINGS THAT I WOULD LIKE TO ADD TO THE WORK [1:59:02] PLAN THAT ARE NOT THERE, SPECIFICALLY PARA. I DO AGREE WITH CHRISTINA. SHE IS CORRECT. [1:59:08] THIS IS A SMALL, REALLY TWO THINGS SHE'S LOOKING INTO AND [1:59:13] DAN AND TO PASS ON THE EXPLANATION PIECE, BUT I HAVE MY QUESTIONS NOW. ONE OF THEM IS WHETHER WE ARE [1:59:19] CONSIDERED A NON-GOVERNING BODY AND THE ANSWER TO THAT QUESTION [1:59:26] DETERMINES AND KNOWING WHAT IS NON-GOVERNING BODY AND THAT IS [1:59:32] SOMETHING YOU MAY ALREADY KNOW AND THAT IS SPECIFICALLY TO ASK OF THE PARAFOLKS. [1:59:40] THE OTHER THING TO BE PRESENTED TO US IS BECAUSE THERE ARE TWO TYPE OF PARA. [1:59:45] THERE IS A TYPE THAT IS A 401K AND GIVEN TO US ON OUR OWN AND THE OTHER TYPE THAT IS THE [1:59:53] PENSION PLAN AND IF WE WERE DOING TO DO THAT SPECIFICALLY FOR THE TWO PEOPLE AND WE WOULD [1:59:58] WANT TO HAVE ANOTHER ONE WITH THE STAFF AND WHAT WOULD THAT COST US AT THE 1, 2, 3, AND 4, 5 [2:00:05] PERCENT VERSUS ONE PERSON WHO WANTED TO OPT IN AND WHAT WOULD THAT COST US TO HAVE THE INFORMATION TO MAKE THAT DECISION. IF WE CHOOSE TO ENACT THAT AS [2:00:12] WELL, SO WE WOULD NEED THAT [2:00:17] INFORMATION AND GET IT INTO THE WORK PLAN AND DECIDE TO DO THAT TODAY. I DON'T THINK LE WILL GET TO [2:00:22] APPROVING THE WORK PLAN. THE LAST THING ABOUT THE WORK PLAN IS AT THE VERY BOTTOM, [2:00:28] WHICH IS THE PART THAT PRESIDENT BRANDT HAS BEEN TALKING WITH CITY SOUTHEASTERN ABOUT QUITE A [2:00:34] BIT FOR A WHILE NOW IS AROUND THE RESEARCH PART. [2:00:42] AND WHAT WE'RE ASKING STAFF TO DO IS COORDINATE WITH OTHER DEPARTMENTS AND [2:00:47] INTERGOVERNMENTAL WITH PARKS BOARD AND STATE AND INTERDEPARTMENTAL WITH THE [2:00:52] AUDITOR AND SOMEONE ELSE AND COORDINATING WHAT IS NEEDED FOR [2:00:57] US PROCESS AND THE LAST PIECE IS [2:01:04] AN AND THERE COULD BE OTHER WORK GROUPS THAT YOU COULD BE A PART OF AND THAT CAN BE A WAY OF [2:01:10] GETTING INFORMATION BUT NOT DOING THE RESEARCH IS BY THE PARTICIPATION PIECE. SO THOSE ARE THE FOUR WORDS FROM [2:01:17] NE ME. INVESTIGATE, COORDINATE, PROCESS COORDINATION WHERE THERE IS NONE AND THE PARTICIPATION PIECE. [2:01:22] THAT IS ALL I HAVE. THANK YOU. >> OKAY. THANK YOU, COMMISSIONER [2:01:27] PREE-STINSON. I WAS ACTUALLY HOPING WE COULD FIND A COUPLE OF BITS OF [2:01:32] LOW-HANGING FRUIT IN THE NEXT 20 MINUTES TO GIVE TO OUR STAFFER [2:01:38] IN ADVANCE OF ADOPTING A WELL-DEFINED WORK PLAN SO THAT [2:01:44] WE CAN KEEP HER FULLY OCCUPIED, AT LEAST THROUGH OUR NEXT [2:01:50] MEETING. SO COMMISSIONER PREE-STINSON, I WAS HOPING THAT PERHAPS PER-A, [2:02:00] AVAILABILITY AND EMPLOYER COST COULD BE SOMETHING WE COULD TODAY AUTHORIZE OUR STAFF TO [2:02:06] RESEARCH. I WILL NOT BE PARTICIPATING IN PERA IN PART BECAUSE OF AGE AND BECAUSE I DON'T NEED IT [2:02:14] FINANCIALLY. BY I FULLY UNDERSTAND WHY VICE PRESIDENT PREE-STINSON WITH [2:02:19] PREVIOUS CITY SERVICE CREDIT WOULD WANT THAT INVESTIGATED. CAN WE GIVE INFORMAL DIRECTION [2:02:25] TO OUR STAFF MEMBER TODAY THAT SHE SHOULD PROCEED AND SEE WHAT [2:02:32] THE OPTIONS ARE AND REPORT BACK TO US IF POSSIBLE AT OUR NEXT MEETING? BUT IF IT TAKES LONGER THAN [2:02:39] THAT, IT CAN TAKE LONGER THAN THAT. IS THAT A CONSENSUS? ALL RIGHT. [2:02:45] GOOD. CONSIDER YOURSELF COMMISSIONED. COMMISSIONER PAYNE, WOULD YOU LIKE TO BRING UP YOUR ITEM OF [2:02:51] ANALYSIS OF OTHER CITY'S RESPONSES TO DOWNTOWN DEVALUATION OR DO YOU THINK THAT'S SOMETHING YOU'D LIKE -- I [2:02:59] MEAN, WOULD YOU LIKE TO GET THAT STARTED NOW? >> I CAN SPEAK TO IT. [2:03:04] I THINK OUR CONVERSATION COVERED A LOT OF THE SAME TOPICS THAT YOURS DID. I BROUGHT BACK UP THE [2:03:09] COMMITMENTS THAT WE MADE AROUND PURSUING ALTERNATIVE REVENUE SOURCES, SO IT'S GOOD TO SEE THAT FEATURED HERE. [2:03:15] A LOT OF THE CONVERSATION WE ACTUALLY HAD WAS AROUND THE ROLE OF BET, THE ROLE OF CITY [2:03:24] COUNCIL, THE SEPARATION AND INDEPENDENCE OF THE TWO. HOW WE'RE STAFFING UP OUR LEGISLATIVE DEPARTMENT AND JUST [2:03:29] KIND OF GIVING THE OVERALL ORIENTATION OF ALL THE CHANGES UNDER THE NEW GOVERNMENT [2:03:34] STRUCTURE. AND SO I THINK I'M ACTUALLY REALLY INTERESTED IN MAYBE A FOLLOW-UP CONVERSATION WITH MR. [2:03:40] HAMMER AROUND THOUGHTS ON -- BECAUSE, IT'S GOOD TO HAVE CLEAR LANES. [2:03:45] I DON'T WANT TO CREATE BARRIERS FOR YOU FEELING PRODUCTIVE AND HELPING SERVE OUR COMMUNITY. [2:03:51] AND I THINK THAT EVEN SOME OF THESE TOPICS LIKE MUNICIPAL [2:03:56] REVENUE, WE HAVE STAFF THAT ARE WORKING ON IT RIGHT NOW. I DOUBT ANYBODY WOULD SAY NO, WE DON'T WANT AN ADDITIONAL SET OF [2:04:03] EYES OR EXPERTISE LIKE ASSISTING HERE, SO IF THAT'S SOMETHING THAT NEEDS TO BE FORMALIZED, I'M [2:04:09] HAPPY TO HAVE THAT CONVERSATION. AND OTHER WAYS OF HOW WE'RE BUILDING OUT OUR POLICY AND [2:04:15] RESEARCH AREA IN THE LEGISLATIVE DEPARTMENT. SO I MEAN, I THINK YOUR SPECIFIC [2:04:20] QUESTION IS -- I DON'T KNOW THAT THERE'S A SENSE OF URGENCY ON THIS QUESTION. I FEEL LIKE EVERY ONE OF THESE [2:04:26] TOPICS IS LIKE A BOILING, SIMMERING ISSUE THAT IS GOING TO BE WITH US FOR QUITE SOME TIME. [2:04:36] AND, YOU KNOW, I WOULD PROBABLY MORE DEFER TO OUR STAFF ON [2:04:42] CAPACITY AND NOT TRYING TO OVERLOAD AND EVEN FINDING OUT WHERE THE BATHROOMS ARE. >> COMMISSIONER PAYNE, DO I HEAR [2:04:50] YOU SAYING THAT YOU'D BE WILLING TO PULL THIS OFF AND CONSIDER IT LATER AS PART OF THE LARGER WORK PLAN DISCUSSION? THE DOWNTOWN [2:04:57] DEVALUATION? >> I'M SAYING I AM INDIFFERENT. >> OKAY. ALL RIGHT. [2:05:02] I THINK IT WOULD BE GOOD TO THE EXTENT WE CAN TO CONSIDER THEM [2:05:07] ALL TOGETHER. AND I WANT TO SAY, AND I THINK I HEARD AN INVITATION. [2:05:13] WOULD IT BE HELPFUL FOR YOU AND ME AND MR. HAMMER AND PERHAPS [2:05:21] VICE PRESIDENT PREE-STINSON TO -- AND PERHAPS COUNCIL MEMBER WONSLEY IS, I THINK, THE PERSON WHO HAS INITIATED THE DISCUSSION [2:05:27] OF THE COUNCIL SIDE, TO SIT DOWN AND JUST TALK ABOUT WHERE YOU'RE [2:05:32] HEADED? HELP ME UNDERSTAND IT. SEE IF THERE'S ANY THINGS THAT IT WOULD BE HELPFUL TO HAVE BET [2:05:39] STAFFER PARTICIPATING IN? >> YEAH, I THINK THAT'S A WISE THING TO DO AND MAYBE, I DON'T KNOW, THAT WE NEED TO MAKE [2:05:46] FORMAL AMENDMENTS TO THIS, BUT THAT WOULD BE A GREAT THING TO LEAN ON AS LET'S FIGURE OUT THE [2:05:53] DEFINITION OF HOW THESE TWO DIFFERENT STAFF CAPACITIES INTERFACE WITH EACH OTHER AND [2:06:00] HOW THAT MIGHT BE FORMALIZED. >> I WAS JUST GOING TO SAY -- >> COMMISSIONER PREE-STINSON? [2:06:05] >> I WAS JUST GOING TO SAY THIS IS A GREAT EXAMPLE OF J.E.Q. VERSUS WORK PLAN. [2:06:11] THIS IS SOMETHING COVERED IN THE J.A.Q. AND THAT MEETING CAN HAPPEN AND WE CAN DO ALL THAT. AND WE REALLY DON'T NEED TO ADD [2:06:16] IT TO THE WORK PLAN. SO THAT IS MY REASON FOR GIVING MY STUMP SPEECH ON THE [2:06:22] DIFFERENCE BETWEEN THE TWO BECAUSE WE'RE READY TO ROCK AND ROLL WITH THAT, AND IT'S NOT A WORK PLAN ITEM. [2:06:29] >> I'M SORRY. I MAY HAVE MISSED YOUR POINT. [2:06:35] >> MY POINT IS THAT AND IS PART OF THE JOB TO PARTICIPATE IN THESE TYPES OF A THING, THAN [2:06:42] THEG THIS IS A REGULAR CITY BUSINESS MEETING THAT WE WOULD NEED TO HAVE. >> GREAT. [2:06:47] >> IF WE DON'T NEED, AND IN MY OPINION, AND I THINK THERE IS A CONSENSUS, WE DON'T NEED TO ADD [2:06:54] IT TO THE WORK PLAN OR GET CONSENSUS. IT'S JUST PART OF THE WORK, SO WE CAN PROCEED. >> ALL RIGHT. [2:07:00] I FOLLOW YOU. THANK YOU. >> ALL RIGHT. DO WE WANT TO -- CONTINUE THIS [2:07:06] DISCUSSION TO ANOTHER DAY WHEN WE ARE NOT PERHAPS QUITE AS [2:07:12] PRESSED FOR TIME? ALL RIGHT. >> WE HAVE DEALT WITH EVERYTHING [2:07:17] EXCEPT THE DRAFT BUDGET, AT LEAST PRELIMINARILY. AND I THINK WE AGREED TO DEFER [2:07:23] THAT FOR -- BY ONE MEETING. AND SO UNLESS THERE ARE ANY [2:07:31] UPDATES OR ADDITIONAL ITEMS TO COME BEFORE THE BOARD, ARE PEOPLE AGREED THAT WE CAN [2:07:38] ADJOURN? ALL RIGHT. SEEING NO OBJECTION, WE WILL ADJOURN. [GAVEL]. . [2:07:43] .