WEBVTT

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- committee. Um, so let's, uh, roll. Yeah. Yeah. Yeah. Yeah. Yeah. Yes, I'm here. Sorry. Yeah. All our

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- present with two in the room and commissioner material virtual. All right.

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- And of course, we have Tom Glass, an executive director, and we have John Arnold, controller in the

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- room. And do we have any staff online? Looks like. Jacob is a CAC member. Welcome. All righty. Approval

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- of executive committee meeting minutes June 2nd. Any comments or corrections?

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- that we approve them. We've got a motion for approval. Do we have a second? I second. I just have one

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- question on these. Under all other items deemed appropriate, we talked about, we spent a lot of time

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- talking about the compactors. And I think the conclusion that we reached was that staff would get quotes

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- on service agreements

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- that would go with the purchase of new compactors so it can better weigh the costs between leasing and

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- buying. Should that be in the minutes? Is it important? It's just kind of, that's where we stood, so

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- it might be good to add that. I don't know. If that's the committee's call, we can certainly amend those

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- in if that's the wish of the committee. What do y'all think? I'm reading, it's right here.

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- And you're saying that to add more detail? Well, to add what our conclusion was. I see. I think, I mean,

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- that would be fine. Yeah. I mean, I think if it's something that we said and that I do remember. I listened

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- to it. I listened to it again. OK. I'm like, if you remember, he's better than I do. Yeah, I have no

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- problem adding that. So I can send you that text? Sure.

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- Sure, that's fine. So I propose to add at the end of that second paragraph under all other items, there

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- was general consensus that staff would get quotes on service agreements that would go with the purchase

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- of new contactors so that we can better weigh the cost between leasing and buying. So, Tom, does that

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- meet your recollection?

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- I mean, I did listen to it again, because I was like, OK, what was our conclusion? You would want to

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- add that as the last sentence of that term. Yeah. OK, yes. So I'd like to amend my motion. Do we have

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- a second? I second. All right.

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- Mr. Mclasen, could you please call the roll? Wilkes? Yes. Piedmont-Smith? Yes. Madera? Yes. Motion passes

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- unanimously. Does Commissioner Madera need to be on camera to vote? Oh, yes. That is in the statute.

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- Commissioner Madera, can you? OK. If you could repeat your vote. Yes.

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- Thank you. Thank you. OK, any comments or questions about the board of director meeting minutes that

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- will be handed on to the full board? So I have to say that I was not there. It says I was there virtually,

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- but I was not. Were you at the previous one virtually? Probably.

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- Leftover text. You might want to double check whether Lee was there. As well. Do you remember if Lee

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- was there virtually? I do not, I will double check. I remember that she was. But I will confirm the

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- attendance before we put the meeting packet together. Awesome. Any other comments on those minutes?

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- Okay. Next item on the agenda is Resolution 20-26-07 to amend the district fee resolution. We keep hearing

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- about this. It's a long process. We first discussed this a couple of meetings ago here. The June board

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- meeting was subsequently canceled. So it was introduced at the July board meeting.

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- You can see behind the memo on page 10 of the packet is the affidavit that it was published in the H.T.

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- on July 29th that meets the unnoticed requirements for public hearing and but assuming no objections

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- from the committee would have the public hearing on the agenda for the board meeting prior to the discussion

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- and vote on the resolution.

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- which I believe is exactly we did it the last time we amended the fee resolution. Yep. And the board

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- already talked about what the fee changes were last time. Yes. And then for the record, the public hearing

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- notice has been on the district's website. I think it's been announced since July 9th.

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- really adequately noticed and are well in compliance with the statute for public hearing notice. I think

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- there's one typo in the resolution itself. On the fourth whereas clause, it lists all these resolutions

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- that have been passed to revise the fee resolution. And one of them says resolution 200-15. I think

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- that should be 2000.

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- I think so. That title's been in there a lot. Yeah. Maybe five, six years. Eventually we'll catch these

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- things. We will get that. I will confirm the resolution number and get that corrected. Okay.

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- I think we need to vote on this. Are there any other questions? Comments? So we can move on to Resolution

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- 20-26-08 for a public utility easement. Another one that's been around for a little while. So did have

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- last week did have some email correspondence with parties involved and was advised that the utility

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- service provider has completed

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- necessary easement documents and forward them to the National Guard for review. The hope and anticipation

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- is that we will have those finalized documents in our possession prior to the end of the week when the

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- meeting packet would go out. So I think the caveat is in the memo that requests that this be placed

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- on the agenda pending receipt of those documents and if not we'll pull it and shoot for next month.

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- Sounds great. Let's get this wrapped up. So hopefully we'll have that documentation. Any comments or

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- questions on that item? Not for me. All right. Moving right along to resolution 202609, revise internal

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- control policies.

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- Uh, yeah, as indicated in the memo, this is, uh, came up with, um, I get a couple of board meetings

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- ago. Maybe it wasn't July meeting. Yeah. Cause the June meeting was canceled, but we had the, uh, the

00:09:03.542 --> 00:09:11.388
- HHW vendor claim, uh, for 88, $1,000. That was an ACH claim and our internal controls did not address

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- electronic payments in excess of $50,000, but do put a cap on

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- staff's ability to sign checks. At $50,000, staff interpreted that the same limitation would apply to

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- an HCH transaction. So we were asked to revise the internal controls to address that. So we did that.

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- And you can see the bullet points in the memo in addition to that. So in reference to, we do accept

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- money orders for payment, specifically from a lot of the orange bag vendors.

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- I did try to do some clarification on how AP claims on the approved vendor list are processed and approved

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- with respect to Resolution 2022-02. And then also since we were providing a mechanism for staff to

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- execute an ACH payment in excess of $50,000. I thought it might be appropriate to provide a mechanism

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- to provide staff approval to sign a check in excess of $50,000. So that is in there, and we can go through

00:10:25.607 --> 00:10:33.359
- that. Indeed, it does require written approval from the board chair or their designee, but in the event,

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- I know that our bond payment is coming to an end, but in the event that we do have

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- something that needs to get paid in excess of $50,000 and people are out of town or, you know, there's

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- just conflicts and getting it together and we need to get something signed and that we could do written

00:10:54.520 --> 00:11:01.495
- approval via email or something so that the control of the genre owner could sign that check and get

00:11:01.495 --> 00:11:09.022
- payment made if we need to. Did you say this was reviewed by our legal counsel? Yes. Okay. Didn't know that.

00:11:09.186 --> 00:11:16.669
- legal status of an e-mail if that was sufficient. Well I guess we didn't we did not I guess specifically

00:11:16.669 --> 00:11:23.866
- discuss that it just says written approval and what qualifies as written approval was not discussed.

00:11:23.866 --> 00:11:31.277
- I can certainly pose that direct question before we put this to the board. I think we want to make sure

00:11:31.277 --> 00:11:37.406
- that e-mail is acceptable else. Is it writing a letter. Yeah I assume that it is but.

00:11:37.794 --> 00:11:49.221
- assuming is probably not the best approach. If you bear with me a minute, I'm going to... Are you going

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- to email it? No, I'm going to refer to how the claims, the weekly claims not covered under resolution

00:12:00.429 --> 00:12:02.846
- 2022-02 get approved.

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- So it must be approved in writing by the board to pursue. And we have historically done that via email

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- and that's never been called into question. Yeah. Just if you could just make sure we can do that. Any

00:12:22.460 --> 00:12:28.798
- other comments or questions on the revised internal control document?

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- I do not, thank you. Neither. So I have a couple. Yay. Thank you for that. Some people may say boo.

00:12:45.788 --> 00:12:58.669
- No, I like it. So I was just wondering, so in that section under account accounts payable claims where

00:12:58.669 --> 00:13:02.046
- you cite resolution 20202.

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- Can we append that resolution to this document so that somebody wouldn't have to like go to a totally

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- different place to look that up? I don't see why not. I think that would be convenient. I mean,

00:13:18.125 --> 00:13:26.387
- we could just... The first reference to 2020-02 is we could just print the seed index A and attach it.

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- That's great. I think that that would be helpful.

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- And then, let's see, my other question, so if I go down, and this wasn't revised at all, this is just

00:13:42.194 --> 00:13:51.763
- an overall question I have, with the accounts payable claims process, and there are all these, you know,

00:13:51.763 --> 00:13:56.958
- 12 steps or whatever, it talks about the invoices being,

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- in hard copy, right? Because it says, shall be stamped with the date received and forwarded to the office

00:14:03.506 --> 00:14:09.525
- manager or controller for claim preparation. But I imagine you get invoices electronically. So do you

00:14:09.525 --> 00:14:15.486
- print those out, or how does that work? Yeah, we will print those out. And then depending on exactly

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- how they are received, I mean, if they're received in the text of an email, they'll be dated in timestamp

00:14:21.742 --> 00:14:25.342
- when you print that email out. If they're attached as a PDF,

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- we would print the PDF and then put and stamp received on it. Okay. That's a lot of paper. Yeah. Well,

00:14:35.751 --> 00:14:45.263
- is that required for auditing purposes? We have to have all of that copy. There are, I will, I will

00:14:45.263 --> 00:14:50.494
- say that the LGF is starting to make some changes that

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- with things being regularly uploaded into Gateway. It appears they are setting themselves up to move

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- away from having to have those hard copies available for an audit, which might alleviate some of the

00:15:10.695 --> 00:15:19.929
- need to print everything. Yeah, that would be great. Yeah, I'm old enough to remember the promise of

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- a paperless office.

00:15:21.922 --> 00:15:32.414
- I used to do tech support for a hospital chain in Oklahoma City and we had a tech guy that was adamant

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- that the hospitals could all go paperless. That doesn't work that way. So are we okay to pending making

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- sure that emails count as written communication are we okay to send this to the board.

00:15:55.778 --> 00:16:06.531
- as well. Okay, thank you. Then we can move on to the budgets. So you had some relatively good news from

00:16:06.531 --> 00:16:17.801
- the LGF. Yeah, I think this tends to happen about every year. The first go around, I get pretty conservative

00:16:17.801 --> 00:16:25.246
- with my tax estimates and we don't get a windfall, but we generally get

00:16:26.018 --> 00:16:34.409
- wind up with a few thousand dollars more in tax revenue after the DLGF workshop. And then again, that

00:16:34.409 --> 00:16:42.964
- happened again this year. You can see a little over 10,000 of additional tax revenue estimated by DLGF.

00:16:42.964 --> 00:16:51.437
- You can also see then in the tax for the revenue, we also did increase OCC cardboard recycling revenue

00:16:51.437 --> 00:16:54.974
- by 3,000 after we got the rebate for June.

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- The year-to-date figure bumped up significantly when we did that. So based on what was presented in

00:17:07.874 --> 00:17:20.894
- July, we have an additional just over $13,000 in revenue. So that's good news. Conversely, I spent it.

00:17:20.894 --> 00:17:23.422
- Wow, that was fast.

00:17:23.586 --> 00:17:32.973
- So you'll see a little over a $13,000 increase in expenses from what was presented in July and I will

00:17:32.973 --> 00:17:42.635
- say that a good chunk of that actually went into training and education for you know employee continuing

00:17:42.635 --> 00:17:52.574
- ed and training and then about then travel expenses which would be related to getting employees to and from

00:17:52.738 --> 00:18:04.340
- the trainings when we identify them. But I did try to, as you go through the memo, identify where there

00:18:04.340 --> 00:18:15.719
- were differences from what was presented in July 9th. I think the other big difference was in vehicle

00:18:15.719 --> 00:18:22.078
- repair and maintenance. Talked with Van Horn Tinting and

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- We've, if you recall, we had $50,000 appropriated this year to get a new administrative vehicle. And

00:18:33.030 --> 00:18:43.782
- something I was gonna talk about during the other items. We'll go ahead and do it now. So hybrid vehicles

00:18:43.782 --> 00:18:52.606
- that would suit our needs are hard to come by, but we did work with Royal Toyota South

00:18:52.994 --> 00:19:02.646
- Toyota Sienna is about the only hybrid minivan that is available on the market. So we've moved forward

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- with getting one ordered through them. And the $5,000 is to put a wrap on that. So instead of hanging

00:19:12.204 --> 00:19:21.950
- it, we'll put a vehicle wrap on it that will have graphics on our logo, and we haven't designed it yet.

00:19:22.754 --> 00:19:30.917
- kind of talked with them more about what the vehicle and what we'd be looking to doing. And they said

00:19:30.917 --> 00:19:39.001
- that $5,000 would be sufficient to do whatever we wanted to do there. So that's that increase in the

00:19:39.001 --> 00:19:47.404
- budget. Back to the van. So you're going to see at the board meeting a claim for $1,000 to Royal Toyota.

00:19:47.404 --> 00:19:51.486
- That is the deposit on the vehicle that is coming.

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- They're not on the lot. They're not on the lots anywhere. They are sold before they get to the lot.

00:20:00.282 --> 00:20:09.120
- So we have one order. It's a hybrid. It's a hybrid. And probably looking at end of October, beginning

00:20:09.120 --> 00:20:17.438
- of November on delivery on that. Yeah. That seems to be a thing. I recently looked at Toyota's.

00:20:17.602 --> 00:20:25.769
- and specifically Toyota's are not. They don't have a large inventory. They are in demand. They're sold

00:20:25.769 --> 00:20:33.778
- before they get to the lot. Even things like the hybrid Camry's in the spot. They've got to wait six

00:20:33.778 --> 00:20:39.646
- weeks to get delivery. Popular cars. Yeah. That's what I drive, so. Yeah.

00:20:41.026 --> 00:20:48.539
- But anyway, I think those are the, I mean, there's some other smaller ones, but the big, the training

00:20:48.539 --> 00:20:56.125
- and education and vehicle repair and maintenance are the two big increases. And fuel, right? Fuel went

00:20:56.125 --> 00:21:03.785
- up like a thousand, and that was more of a cushion than a necessity. We already had that bumped up some

00:21:03.785 --> 00:21:10.046
- in the July, because I think we all know that gas costs a little more. It's a yo-yo.

00:21:10.274 --> 00:21:23.056
- All right. Thank you for the memo which tells us what changed. It's a lot and I appreciate it. I guess,

00:21:23.056 --> 00:21:35.593
- yeah, we don't so something left to decrease. I got to look at the math on that because we are in the

00:21:35.593 --> 00:21:38.174
- capital. We also had

00:21:38.530 --> 00:21:47.506
- $12,000 increase from July. But then that's, that's for, we already had a big bump there. We talked

00:21:47.506 --> 00:21:56.751
- about purchasing the new roll off containers. So that, to check the math on that, but everything seems

00:21:56.751 --> 00:22:05.278
- to balance. But that's. Yeah, that's $12,000. So it must have been a decrease somewhere. Yeah.

00:22:06.978 --> 00:22:14.816
- So that, but that's, that would, you know, that would be one more roll off box than we were planning

00:22:14.816 --> 00:22:22.654
- on buying, compact or buy. Okay. Well, if you can find that decrease and add it to the memo from the

00:22:22.654 --> 00:22:30.569
- board, that'd be good. Yeah. It may be multiple decreases of a thousand or 2000 that added up to that

00:22:30.569 --> 00:22:31.966
- difference. Okay.

00:22:37.794 --> 00:22:47.462
- questions or comments on the revised budget proposal. That's the operating operating. Yeah, so then

00:22:47.462 --> 00:22:57.808
- that's resolution 2026-10 and you have that resolution and all the supporting documentation in the packet.

00:22:57.808 --> 00:23:04.382
- Then 2026-11 is the debt service budget for the final payment. Yes.

00:23:07.682 --> 00:23:14.375
- against but we'll pop apple juice because we can't pop champagne in the government. But then I and I

00:23:14.375 --> 00:23:21.200
- just on page 50 in the packet is kind of the summary of the debt service budget proposal. I just I did

00:23:21.200 --> 00:23:27.959
- want to confirm that that kind of makes sense to everybody. We've kind of been talking about this the

00:23:27.959 --> 00:23:32.862
- last couple of budget cycles but we're going to have to be loaning money.

00:23:32.962 --> 00:23:41.891
- because of the way the tax disbursements come versus when the payments are made. So based on that workshop

00:23:41.891 --> 00:23:50.403
- at DLGF we're looking at an $89,360 balance on December 31st after we pay back the existing temporary

00:23:50.403 --> 00:23:59.582
- loan. So that means we'll have to in January loan $47,875 to the debt service fund for that February payment.

00:24:01.122 --> 00:24:09.083
- which should also leave the $750 for the administrative fee. Not sure when that will come due. They

00:24:09.083 --> 00:24:17.043
- usually do that in the fall. That's when we have two payments a year. So it wouldn't surprise me to

00:24:17.043 --> 00:24:25.481
- see it come in March, April timeframe, because we've made the last payment. And everybody will be closing

00:24:25.481 --> 00:24:30.974
- out the bond on their books. But that loan should cover all of that.

00:24:31.810 --> 00:24:40.077
- Based on calculations from DLGF, the tax disbursements in June and December, we'll balance the fund.

00:24:40.077 --> 00:24:48.917
- What is the $24,000 loan repayment account? We had to loan $24,000 to make the payment, the August payment.

00:24:48.917 --> 00:24:57.430
- For this year? Yeah, for the payment that was approved at the last board meeting. Because revenue comes

00:24:57.430 --> 00:24:58.494
- in December.

00:25:00.002 --> 00:25:07.928
- Okay, so that was the same reasons. Right. Yeah, that's what I think we were going back a couple of

00:25:07.928 --> 00:25:15.933
- budget cycles. We said that for the last three, maybe four payments, the operating fund was going to

00:25:15.933 --> 00:25:24.097
- have to loan money to the debt service fund because the tax disbursements, in essence, are in arrears.

00:25:24.097 --> 00:25:29.566
- As long as it's got enough money to make the loan, then time's fine.

00:25:30.946 --> 00:25:40.380
- Well, the payment will be made regardless of how much the tax disbursement is. And we will figure out

00:25:40.380 --> 00:25:49.630
- how to reconcile any discrepancies when all is said and done. We will not default on final payment.

00:25:56.194 --> 00:26:02.880
- And then the QCAT fund resolution 2026-12 obviously substantial decrease in the balance of that because

00:26:02.880 --> 00:26:09.373
- we just appropriated money out of it for a roof. But and I did mention at the July board meeting and

00:26:09.373 --> 00:26:15.930
- it doesn't have to be right now but you know that fund balance is about a thousand and thirty dollars

00:26:15.930 --> 00:26:22.487
- by the end of the year. That's that is the current fund balance but that's what we base budget off of

00:26:22.487 --> 00:26:24.030
- by the end of the year.

00:26:24.226 --> 00:26:33.015
- it may or may not be a little more, I don't know if we'll get any interest on it with that level of

00:26:33.015 --> 00:26:42.068
- balance or not. But so I think, but I think given that the board needs to consider, do we want to make

00:26:42.068 --> 00:26:50.945
- an attempt to refund that capital fund or do we want to close that out and revert that money back to

00:26:50.945 --> 00:26:53.758
- the cash reserves? The statute,

00:26:54.178 --> 00:27:02.785
- You know, we'll see what happens with revenues, with all the changes to the tax laws and stuff. The

00:27:02.785 --> 00:27:11.564
- statute does allow for units to budget. It's maybe 3%, 5% max of the budget can be appropriated to be

00:27:11.564 --> 00:27:20.170
- transferred to a cumulative capital fund on a manual basis. What's the benefit of doing that? Well,

00:27:20.170 --> 00:27:22.494
- since it's hard to budget,

00:27:23.202 --> 00:27:30.363
- million dollars in one year if you have a project coming up and you want to build a fund so that when

00:27:30.363 --> 00:27:37.454
- you're ready to purchase land or build a building you have that cumulative capital fund that you can

00:27:37.454 --> 00:27:44.475
- do that with. But the interest earned is not more in a QCAT fund than in our operating fund, right?

00:27:44.475 --> 00:27:50.302
- Correct. Now there I would need to check there might be investment options similar

00:27:50.562 --> 00:27:58.857
- to operating cash reserves that we could do with Kim Cat Fund which might present opportunities for

00:27:58.857 --> 00:28:07.484
- a higher interest yield. But I would want to check the statutes to see what options and or limits there

00:28:07.484 --> 00:28:13.374
- are on what can be done investment-wise with cumulative capital funds.

00:28:24.514 --> 00:28:31.832
- At what point should we make that decision? I mean, if we want to replenish some of the QMCAF fund,

00:28:31.832 --> 00:28:39.297
- we could do that with the 27 budget, right? Well, we could. I'd hate to reinvent the wheel with this.

00:28:39.297 --> 00:28:46.981
- Plus, what you have... It would be cash balance that we... Well, right. I think we would have the option

00:28:46.981 --> 00:28:51.518
- at the end of the year if we have unspent appropriated funds.

00:28:52.002 --> 00:28:59.068
- that we could transfer those to the cumulative capital fund. I just went by what I was referring to

00:28:59.068 --> 00:29:06.416
- earlier is that you have the ability to actually build that into your budget as well which is something

00:29:06.416 --> 00:29:13.694
- for you know for the 20-28 budget if that's what the board wishes to do you know that we could attempt

00:29:13.694 --> 00:29:20.830
- to appropriate funds specific for a transfer to the cumulative capital fund so that we don't have to

00:29:22.114 --> 00:29:31.881
- worry about trying to have unspent appropriations at the end of the year that could be transferred.

00:29:31.881 --> 00:29:41.941
- We could just build it into the budget if the revenues are there to support such an appropriation. But

00:29:41.941 --> 00:29:51.806
- we don't have to budget it. No. So it could. So like for 26 we didn't budget any transfer obviously.

00:29:51.906 --> 00:29:59.052
- At the end of this year, if the board decides, we don't want to mess with it, let's just close the CUME-CAT

00:29:59.052 --> 00:30:05.934
- fund, can we do that at the end of this year? I believe so. Okay. So we should, in the next few months,

00:30:05.934 --> 00:30:12.551
- we should. Right, yeah, like I said, it's not a decision that has to be made at the August meeting,

00:30:12.551 --> 00:30:19.102
- you know, but it's, you know, $1,000, that's capitalized, that's not going to do anything for you.

00:30:19.682 --> 00:30:32.047
- So I think it just makes sense to either make an attempt to replenish the fund or close it down. I think

00:30:32.047 --> 00:30:44.177
- having a QMCAT fund is a good idea simply because it it just sets aside mentally money and just having

00:30:44.177 --> 00:30:47.710
- it randomly there rather than

00:30:48.354 --> 00:30:56.346
- identifying kind of a strategic purpose. And I realize the purpose is for things like a new roof and

00:30:56.346 --> 00:31:03.942
- things that come up, but we had been talking about the, for instance, the leasing versus buying

00:31:03.942 --> 00:31:12.013
- of containers. If we looked at a cycle for replacement, then we could determine how much we wanted to

00:31:12.013 --> 00:31:16.286
- keep putting into. Yeah, now there are, I don't know,

00:31:17.794 --> 00:31:24.847
- I would need to look at the statute. There are restrictions on what QCAP funds can be used for. I mean

00:31:24.847 --> 00:31:31.215
- land and buildings I know for sure. Equipment I'm not so sure. But I'm not saying you can't.

00:31:31.215 --> 00:31:38.132
- I'm just right. I'm not positive on that one. And that's something that I should I will research and

00:31:38.132 --> 00:31:45.253
- then the board's ready to have that discussion. We will present that information that you know you know

00:31:45.253 --> 00:31:47.102
- here are the allowed uses.

00:31:47.234 --> 00:31:55.204
- for Hume Cap funds and you know does it make sense to replenish it or not. I will I will also add that

00:31:55.204 --> 00:32:03.019
- the current Hume Cap fund was established under the previous director. The district had a cumulative

00:32:03.019 --> 00:32:10.912
- capital fund way back when when it first started and that got closed out. And I don't recall what all

00:32:10.912 --> 00:32:16.638
- Larry had to but there were some steps involved to reestablish that fund.

00:32:16.738 --> 00:32:33.036
- It wasn't just going to Gateway and say, okay, we're now going to have a QCAT fund and here's the balance.

00:32:33.036 --> 00:32:45.374
- Any questions about any of the three funds and the proposed budgets? I wanted to

00:32:45.506 --> 00:32:56.469
- add a piece of information that I got by being on the fiscal committee of the city of Bloomington Common

00:32:56.469 --> 00:33:07.431
- Council. So we have engaged Reedy Financial for many months to make sense of SEA 1 and House Bill, what?

00:33:07.431 --> 00:33:15.262
- 2110 or whatever. 1210. 1210, thank you. And so they've done some analysis

00:33:15.458 --> 00:33:28.153
- of the impacts expected from the changes to the property taxes. And I emailed you this a little while

00:33:28.153 --> 00:33:41.096
- ago. And so they estimate in 2029 when all of the changes have gone into effect, property tax levy loss

00:33:41.096 --> 00:33:44.830
- of $148,970 for the district.

00:33:45.250 --> 00:34:00.616
- For 2029? 29. How much? So almost $150,000. $149,970. And it wasn't the additional $19,000 and something.

00:34:00.616 --> 00:34:13.662
- Wasn't the total impact $168,000? Yes. Let's see. Right. It's the debt capacity that also

00:34:14.850 --> 00:34:22.679
- went down. Oh, okay. That was specific to destiny. So yeah, but and that's, yeah, I did see that and

00:34:22.679 --> 00:34:30.586
- I appreciate that. Although I was a little confused at first because it started off all talking about

00:34:30.586 --> 00:34:38.492
- lit. Yeah, I know. But the spreadsheet had a lot. But 150,000 is in line with, you know, I guess what

00:34:38.492 --> 00:34:41.438
- I would have been projecting based on

00:34:41.570 --> 00:34:51.169
- the increase to the cap impact for 26, and then the additional, what it went up for 27, looking into

00:34:51.169 --> 00:35:00.863
- 28 or 29, getting into that $150,000 range, that is in line. And so, you know, the true fiscal impact

00:35:00.863 --> 00:35:10.462
- of it hinges on the growth quotient. Yeah. Yeah, there are assumptions that went into this estimate.

00:35:10.690 --> 00:35:21.018
- 4%. Right. And that's, you know, for 27, and I'm curious to see if this is addressed in the next legislative

00:35:21.018 --> 00:35:30.682
- session, because for 27, we got a 6% growth quotient, because I don't know if it was intentional, but

00:35:30.682 --> 00:35:40.062
- the growth quotient cap that expired in 26 was not extended when they did Senate Enrollment Act 1.

00:35:41.378 --> 00:35:49.847
- So, you know, are we going to continue to get, not that it will be, you know, millions and millions

00:35:49.847 --> 00:35:58.570
- of dollars, but, you know, an unlimited growth budget? Will it be a true reflection of what the actual

00:35:58.570 --> 00:36:07.292
- assessed growth is? Or are they going to implement another cap? When did they start implementing caps?

00:36:07.292 --> 00:36:08.478
- I don't know.

00:36:11.458 --> 00:36:20.750
- It's been it's been on the books since I became director 10 years ago. So. Something I've always had

00:36:20.750 --> 00:36:30.134
- to deal with as director. And this year there were no camps. And so it's purely based on the. I guess

00:36:30.134 --> 00:36:40.254
- that depends on whose index you want to look at. I think there were some indexes that were pushing 9 percent.

00:36:41.922 --> 00:36:50.023
- that I saw, but I don't know what, those necessarily weren't the state's numbers. But yeah, so that's,

00:36:50.023 --> 00:36:57.966
- you know, it was nice to get that this year, obviously, particularly with the additional cap impact,

00:36:57.966 --> 00:37:05.438
- but I'm not going to hold my breath that we're going to be in the same boat next budget cycle.

00:37:06.882 --> 00:37:15.821
- It may have just been an oversight with all the other changes happening, but oops, we forgot to extend

00:37:15.821 --> 00:37:24.674
- the cat. And so, yeah, and so, you know, all that's going to play into the, you know, the true fiscal

00:37:24.674 --> 00:37:29.534
- impact of that cat hit going up to 150, $160,000. Yeah.

00:37:32.962 --> 00:37:42.065
- least with this unit of government, we don't have to deal with all of the changes. You're right. I'm

00:37:42.065 --> 00:37:51.439
- very thankful that I think that regardless of what happens, we're in a strong enough financial position

00:37:51.439 --> 00:38:01.534
- with cash reserves that we don't have to have a knee-jerk reaction to a substantial. Obviously, we can't absorb

00:38:01.986 --> 00:38:12.213
- $150,000 annual hit forever. But we don't have to turn right around and stop the program because we

00:38:12.213 --> 00:38:22.748
- lost $150,000. We have enough money to have time to plan for how to best address this and minimize the

00:38:22.748 --> 00:38:25.918
- impact on the residents. Yeah.

00:38:30.242 --> 00:38:44.468
- Other questions or comments on the budget proposals? So many, but none that can be answered. Same here.

00:38:44.468 --> 00:38:58.284
- I may be absent for the board meeting then. Are your comments? Wise choice. 100 gallons. Existential

00:38:58.284 --> 00:39:00.062
- kind of. OK.

00:39:00.226 --> 00:39:08.355
- I have plenty of questions about the city of Bloomington budget. This one I'm feeling pretty good about.

00:39:08.355 --> 00:39:16.483
- Yeah. And I will also throw out, and I don't know if Kate or Jodi can or want to weigh in, our operating

00:39:16.483 --> 00:39:24.380
- budget does have a 3.5% cost of living increase in it. That is based on the wage earner index that we

00:39:24.380 --> 00:39:26.238
- have historically used.

00:39:26.498 --> 00:39:34.983
- The last I got from the county council office, which was probably at least a month ago at this point,

00:39:34.983 --> 00:39:43.385
- was that the county was not looking at any cost of living increase. And I don't know where that sits

00:39:43.385 --> 00:39:50.622
- now. I know that if our COLA is significantly different than the counties, that raises

00:39:50.722 --> 00:40:00.190
- when we go before the county council for the adoption, it can sometimes raise questions with the county

00:40:00.190 --> 00:40:09.840
- representatives on our board. So it's in there. And I think it's justified. I mean, the budget in essence

00:40:09.840 --> 00:40:18.398
- is balanced. I think we're at an $8 deficit. It's justified based on how we have historically

00:40:18.914 --> 00:40:29.096
- determined what that would be. But obviously, the board at the August meeting, and for that matter,

00:40:29.096 --> 00:40:39.584
- the county council at the adoption hearing do have the authority to change that. What's the historical

00:40:39.584 --> 00:40:47.934
- trend? What have you done in the past? And specifically, the reason I'm asking is

00:40:48.194 --> 00:40:57.323
- the county gave a huge COLA just a couple of years ago. Well, yeah. I think the year before that, that

00:40:57.323 --> 00:41:06.186
- was all COVID impact stuff, we gave a huge COLA. That came up during the adoption hearings and over

00:41:06.186 --> 00:41:15.138
- the two or three-year span through and coming out of COVID, the COLA is balanced out between what we

00:41:15.138 --> 00:41:17.886
- gave and what the county gave.

00:41:18.210 --> 00:41:27.070
- So it's not that they're the same every year. But, you know, they're generally, I guess, other than

00:41:27.070 --> 00:41:36.106
- the COVID period, you know, we're generally pretty close. Well, we alternate years between the dollar

00:41:36.106 --> 00:41:44.966
- amount and the percentage. Yeah, across the board percentage and then a flat dollar amount based on

00:41:44.966 --> 00:41:47.358
- medium wages. Do you know,

00:41:48.450 --> 00:41:59.734
- where the negotiation stand with. Well, it's, um, so it's not really a negotiation. It's something that,

00:41:59.734 --> 00:42:10.695
- yeah, I don't. Um, I know that the recommendation from the commissioners was for 6% and the directive

00:42:10.695 --> 00:42:16.606
- from council president was zero. It will be somewhere.

00:42:17.058 --> 00:42:25.282
- In between. In between zero and six. OK. So yeah, and that's one of the other, I do the best I can to

00:42:25.282 --> 00:42:33.346
- take our index and what information that I have from the county and try to put us there where we're

00:42:33.346 --> 00:42:41.490
- going to be on par. But we do think so much earlier than the county that it's hard to do that. And I

00:42:41.490 --> 00:42:45.118
- think other than those two years with COVID,

00:42:45.442 --> 00:42:55.795
- We've always managed to be pretty close, so. I think that we might have a better idea. Well,

00:42:55.795 --> 00:43:07.373
- I don't know. We have some work we have to do around our own budgeting. But I think the idea is to keep

00:43:07.373 --> 00:43:15.166
- all the calculations at zero and see what happens and what we can do.

00:43:16.130 --> 00:43:27.236
- Well, and obviously the bottom line for all of us is, you know, the budget can absorb what it can absorb.

00:43:27.236 --> 00:43:38.132
- You have to keep things running and those expenses have to be assured. Well, I mean, it's also a matter

00:43:38.132 --> 00:43:41.694
- of priorities, right? If you say,

00:43:43.778 --> 00:43:52.131
- priority is going to be to make sure that our employees don't, in the economic context, make less next

00:43:52.131 --> 00:44:00.241
- year than they do this year. That could be put in like the base, the minimum, and then you could go

00:44:00.241 --> 00:44:08.838
- from there and say, okay, well, this means we have to cut this or cut that. Non-personal. I'm just saying

00:44:08.838 --> 00:44:10.622
- it's a philosophical.

00:44:11.042 --> 00:44:21.204
- And I will say too, and I think that, you know, you can see when you look at the budget comparison sheets,

00:44:21.204 --> 00:44:31.176
- on the expense side in particular, that, you know, when we, you know, going back to last year, you know,

00:44:31.176 --> 00:44:40.958
- I was pushing on staff, you know, not knowing, I did not know that the impact, the circuit breaker cap

00:44:42.018 --> 00:44:48.908
- didn't get continued. I was on then. We're going to have to find ways to cut money. You know, we've

00:44:48.908 --> 00:44:55.936
- got to be doing and I think that you can see when you look at that summary sheet and what some of our

00:44:55.936 --> 00:45:03.102
- year-to-date expenses are and and you know there's there's like a hauling line came down significantly.

00:45:03.102 --> 00:45:10.750
- You know so so we already had already had staff looking at ways you know that we could reduce expenses without

00:45:11.266 --> 00:45:21.810
- compromising services and we've done some of that and that's helped us be in a position to be able to

00:45:21.810 --> 00:45:32.457
- put that COLA increase in there for the employees. Yeah. We have that same discussion more broadly for

00:45:32.457 --> 00:45:40.830
- the whole county and one thing that we bump up against is there aren't very many

00:45:41.058 --> 00:45:51.257
- things that the county does that aren't statutorily required. We just don't really have a lot of,

00:45:51.257 --> 00:46:01.039
- I mean, we have some things like, you know, we'll bond for some things that could be put off.

00:46:01.039 --> 00:46:10.718
- But a lot, you know, we're trying to be very judicious about those choices and have been for

00:46:11.458 --> 00:46:20.232
- a little while, um, seeing this coming change on how we're doing things. Yeah, you're right.

00:46:20.232 --> 00:46:30.139
- You're right. And one thing that, that we've also talked about is it was several years ago, you probably

00:46:30.139 --> 00:46:39.762
- know the county did a lot of changing people from 40 hours to 35 hours work week, just to keep people

00:46:39.762 --> 00:46:40.894
- rather than

00:46:42.274 --> 00:46:53.000
- And then they did that without changing the wages. Correct. Yes. No, without changing the wages. Yeah.

00:46:53.000 --> 00:47:03.413
- So anyway, lots of variables. Yeah. Yeah. And there's certainly been, over the years, some creative

00:47:03.413 --> 00:47:10.078
- ways to deal with that and manage how it impacts the employees.

00:47:10.210 --> 00:47:18.967
- To put that out there, and I don't know if it'll become an issue at our board meeting, and I don't know

00:47:18.967 --> 00:47:27.388
- if it'll become a question or an issue with the council adoption hearings, but. What can the county

00:47:27.388 --> 00:47:36.313
- council do as far as, can they cut the budget when it comes to them for a specific reason or for specific

00:47:36.313 --> 00:47:39.934
- categories? Yeah. I don't have any inkling

00:47:40.066 --> 00:47:53.466
- that that would be a red flag. I really don't. But I'm just one person. I think 3.5 is justifiable.

00:47:53.466 --> 00:48:07.134
- Like I said, we're using the same CPIW wager or index that we've always used. And that's where it is.

00:48:07.874 --> 00:48:16.948
- It was like 3.4, so I just made it 3.5. That was easier to calculate. Oh, wow. But anyway, just to make

00:48:16.948 --> 00:48:25.760
- people aware that in case there are questions or issues that arise from that being in there based on

00:48:25.760 --> 00:48:33.438
- what the county decides that it can, wants to do, or not do. Yeah, that's a good point.

00:48:37.410 --> 00:48:48.764
- Any other comments or questions about the budget proposals? No, I think those issues are all really

00:48:48.764 --> 00:49:00.345
- good to discuss. I appreciate that. Thank you. Well, then we can move along to all other items deemed

00:49:00.345 --> 00:49:06.590
- appropriate. So who has something? Yes, Mr. McClassen.

00:49:06.722 --> 00:49:16.042
- A couple things. Any questions about the van that we're looking at purchasing? I've already put that

00:49:16.042 --> 00:49:25.362
- one out there. I have to say I'm a big fan of the idea. Fan of what? Of a hybrid. Yes, I'm a big fan

00:49:25.362 --> 00:49:36.158
- of that idea of doing the hybrid. If we're going to reduce waste, we might as well start with the vehicles we drive.

00:49:38.914 --> 00:49:49.390
- I agree that that's why we're doing it. I've never bought a car under this process before. I don't like

00:49:49.390 --> 00:49:59.865
- not going on a lot in test driving, but oh well. Which vehicle does that replace? It's really not going

00:49:59.865 --> 00:50:08.830
- to replace anything immediately. It ultimately is going to replace the butterfly mobile.

00:50:08.994 --> 00:50:16.951
- um but um uh you know it's it's the thing is it's 22 years old i know we've talked like many years about

00:50:16.951 --> 00:50:24.605
- we talked a few years ago because we had a bad run we had a bad run a few years ago with maintenance

00:50:24.605 --> 00:50:32.184
- costs just because you know i don't know if it was because it hit that 20 year mark or whatever but

00:50:32.184 --> 00:50:38.398
- a bunch of things went wrong and we fixed those and then quit having problems and

00:50:38.594 --> 00:50:45.406
- So, but it also gives us, you know, a vehicle that, you know, it won't be here in time, unfortunately.

00:50:45.406 --> 00:50:52.416
- But, you know, like we have the Association of Solid Waste District Conference coming up at the beginning

00:50:52.416 --> 00:50:59.029
- of October. We generally send four or five people to that. You know, so instead of everybody taking

00:50:59.029 --> 00:51:06.238
- their own car or taking one of the trucks that we have that has a king cab that gets 10 miles to the gallon,

00:51:06.370 --> 00:51:18.399
- or whatever it is. This gives us a more economical vehicle to take. It will also allow for outreach

00:51:18.399 --> 00:51:30.549
- opportunities that need a bigger display than that element. It's going to have more cargo space. But

00:51:30.549 --> 00:51:34.398
- I think the short answer is no.

00:51:35.330 --> 00:51:45.729
- declare a vehicle surplus property right away. We'll continue to run that thing till the wheels fall

00:51:45.729 --> 00:51:56.334
- off of it. So is the wrap for the truck or for the van going to be as pretty as the butterfly? I don't

00:51:56.334 --> 00:52:00.350
- know if it's going to be as elaborate.

00:52:00.834 --> 00:52:12.303
- but it'll be more our branding. Yeah, our logo will definitely be in there and be a color scheme that

00:52:12.303 --> 00:52:24.222
- matches the colors that are in our logo. We certainly have a website listed on there, some general ideas.

00:52:25.090 --> 00:52:32.825
- If Van Horn is who we choose to guide, that was one I knew that did it. So I called them just to say,

00:52:32.825 --> 00:52:40.560
- hey, what kind of ballpark, what kind of price do I need to budget to make this happen? But they said

00:52:40.560 --> 00:52:48.674
- that they could. And I assume other companies that do this, well, they have graphic designers. And they'll

00:52:48.674 --> 00:52:53.982
- take our ideas and throw some options at us. Cool. And then the roof.

00:52:54.370 --> 00:53:04.494
- Starts next week. Replacement of the administrative roof. And then the last thing is the September board

00:53:04.494 --> 00:53:14.328
- meeting. We have to do this every year because it conflicts with council budget work session. I think

00:53:14.328 --> 00:53:23.198
- the past two, maybe three years, we've actually just canceled it. We kind of make an effort

00:53:24.226 --> 00:53:31.757
- get business done at the August meeting so that there's nothing pressing that we have to address right

00:53:31.757 --> 00:53:39.143
- away. What happens with the utility easement or they've delayed this long if we got an extra month I

00:53:39.143 --> 00:53:46.528
- don't know. But at any rate you know we do need to think about and you know do we want to do we want

00:53:46.528 --> 00:53:53.182
- to. Is there a need to make an attempt to have a September board meeting and if so we will

00:53:53.794 --> 00:54:01.844
- At the very least have to change locations if not find another date and time. I do know that Councilor

00:54:01.844 --> 00:54:10.285
- Wilk's schedule based on council meetings and budget work sessions is going to be limited. But the district

00:54:10.285 --> 00:54:18.335
- office is always available and we would have the ability to do quite as good as tech services does but

00:54:18.335 --> 00:54:23.102
- we would have the ability to do virtual meetings from there.

00:54:28.290 --> 00:54:35.794
- this room would work for the board, right? Unless for some reason the public wants to show up. They

00:54:35.794 --> 00:54:43.298
- can still come in here. It's cozy. I mean, given how many weeks we have, it's probably. Yeah, but I

00:54:43.298 --> 00:54:50.802
- just wanted to put that out there. And it's not necessarily something that has to be decided at the

00:54:50.802 --> 00:54:57.630
- board meeting, but I think it needs to be put out there and you can communicate via email.

00:54:58.978 --> 00:55:07.816
- you know, as we approach September and decide if there's a need to meet. Yeah, I mean, it all depends

00:55:07.816 --> 00:55:16.481
- on whether we have agenda items, whether any of them are urgent. There will always be agenda items.

00:55:16.481 --> 00:55:25.493
- It's just a matter of how fast do they need to be added. All right. That was it? Does anybody else have

00:55:25.493 --> 00:55:27.486
- any items to bring up?

00:55:31.554 --> 00:55:39.157
- So I did want to follow up on that compactor rental versus lease question. Has Joey had a chance to

00:55:39.157 --> 00:55:46.837
- get any additional information? I know that he's requested it. He hasn't told me that he's requested

00:55:46.837 --> 00:55:54.592
- purchase pricing and asked about service agreement options. I don't know what information he's gotten

00:55:54.592 --> 00:55:58.622
- back from people yet. OK. Even he was out last week.

00:56:00.546 --> 00:56:10.443
- I know he was reaching out to manufacturers, potential vendors for the equipment well before that. And

00:56:10.443 --> 00:56:20.341
- we'll follow up with that. So we may want to have an executive committee meeting even if we don't have

00:56:20.341 --> 00:56:30.238
- a board meeting in September or late August. Because I think we do want to make some progress on that.

00:56:30.530 --> 00:56:40.506
- Yeah, and I just in that that brought to mind one other other item that. But. Chair Bruce Piedmont Smith

00:56:40.506 --> 00:56:50.958
- and I have had some discussions on. We're going to have to discuss the district's health insurance offerings.

00:56:50.958 --> 00:56:58.654
- I checked with legal counsel. There was a new. There was a new executive session

00:57:00.642 --> 00:57:08.831
- That was allowed for, but it was a, I forget the exact wording was you could have an executive session

00:57:08.831 --> 00:57:17.019
- regarding special exceptions to health insurance. The term that the issue that we have or attorney did

00:57:17.019 --> 00:57:25.208
- not believe that the special exception definition or lack thereof that there is so. Special exception.

00:57:25.208 --> 00:57:29.342
- I told him that he couldn't find it. Good question.

00:57:30.082 --> 00:57:41.505
- There's lots of special exceptions for zoning. Yeah. So. Well, I guess it's not talking about any particular

00:57:41.505 --> 00:57:51.985
- personnel, right? No, it's not specific. It's not specific to any one individual. It has to do with

00:57:51.985 --> 00:57:57.854
- eligibility for coverage. And a change that we're being

00:57:58.562 --> 00:58:10.673
- based with the insurance carriers. It's going to impact coverages that we can offer. I see. And that

00:58:10.673 --> 00:58:22.904
- is going to have to be done outside of the executive session, unfortunately. Yeah. At what point will

00:58:22.904 --> 00:58:26.142
- we have the information on

00:58:27.394 --> 00:58:40.629
- how and whether we can still offer coverage to employees that work less than 30 hours. You have it already.

00:58:40.629 --> 00:58:52.638
- So maybe that's another topic for the next executive committee meeting. All right. Anything else?

00:58:56.930 --> 00:59:07.243
- Um, actually, I just wanted to ask real quickly about the, um, the new program that, um, is collecting

00:59:07.243 --> 00:59:17.656
- hard to recycle. Oh, excuse me, hefty renew. Uh-huh. Yeah. Um, have you had much use of that? Uh, some.

00:59:17.656 --> 00:59:25.566
- Um, and we didn't necessarily expect, you know, a mad rush of people with, um,

00:59:25.730 --> 00:59:33.745
- You know, unfortunately, the bags aren't available locally. You've got to order them, get them delivered.

00:59:33.745 --> 00:59:42.062
- But we've had a few people that were holding on to things, hoping they'd find something other than disposable

00:59:42.062 --> 00:59:49.623
- to do. We've had, I think, a pretty good response to the social media postings that we put up about

00:59:49.623 --> 00:59:54.462
- it. You know, people excited about it. Where do I get the bags?

00:59:55.074 --> 01:00:06.088
- So I think it's been received well and people, the word is getting out. What we don't have at this point

01:00:06.088 --> 01:00:16.787
- is feedback from Rumpke on, in fact, I don't even know if they pulled a load that would have the bags

01:00:16.787 --> 01:00:23.710
- in it yet or not. So I'm wondering about the bags because we have

01:00:23.874 --> 01:00:36.886
- purchase them online. Is it even legal to have the district purchase them and then resell them?

01:00:36.886 --> 01:00:50.983
- I don't know. I would ask the attorney and then that would also be something we'd have to work out with

01:00:50.983 --> 01:00:53.694
- Brump or with Hefty

01:00:54.050 --> 01:01:02.066
- or whoever is producing the bag. Amazon sells the bag. Who's Amazon supplier? Because that's who we

01:01:02.066 --> 01:01:10.083
- would have to be working with. We can't buy from Amazon and you sell them. We have to be a retailer

01:01:10.083 --> 01:01:18.179
- of them. I don't know if we can be a retailer. That would be a legal question. Let me just make sure

01:01:18.179 --> 01:01:23.550
- I understand how this works. People have to buy these bags online.

01:01:24.514 --> 01:01:32.560
- and they get them at home and then they fill them up and they bring them to the district. And then Romkey

01:01:32.560 --> 01:01:40.378
- picks them up. Well, Romkey has us putting them in the bins with all our rigid plastics. And then when

01:01:40.378 --> 01:01:47.968
- all the plastics get to Cincinnati, they pull the renew bags out because they run the renew program

01:01:47.968 --> 01:01:49.790
- in the Cincinnati area.

01:01:50.946 --> 01:01:59.843
- I was wondering why everybody had to have their own bag, but it's because it goes in with the other

01:01:59.843 --> 01:02:08.739
- plastics. Yeah, and that bag is to keep them separate. The purpose for piloting it at just one site

01:02:08.739 --> 01:02:17.814
- is, are the bags going to survive intact? That's the real question. Because they don't do it this way

01:02:17.814 --> 01:02:19.326
- at other places?

01:02:20.034 --> 01:02:27.513
- Why is that? Well, they do, but they're transported from the residence to the sorting facility. They're

01:02:27.513 --> 01:02:34.991
- not transported from our collection facility to a transfer station, put into another truck, transported

01:02:34.991 --> 01:02:42.470
- to Cincinnati, and dumped again. Handled more. Yeah. I've got to get myself some new bags. Because when

01:02:42.470 --> 01:02:48.798
- I was in Germany, I was just amazed. They recycle everything, every piece of packaging.

01:02:48.994 --> 01:02:57.540
- You just put it in with the recycling, with the plastic. Well, and I noticed that Wild Birds Unlimited

01:02:57.540 --> 01:03:05.838
- here in town has a collection of bird seed bags. And I talked to Vintlinger a little bit about this

01:03:05.838 --> 01:03:14.384
- program, and he was kind of interested in more information. He would be happy to be a retailer selling

01:03:14.384 --> 01:03:18.782
- those bags, but for their own use currently, he will

01:03:19.362 --> 01:03:36.628
- because he right now drives them to Cincinnati. Okay, yes. Okay, I think we're almost done. We're just

01:03:36.628 --> 01:03:43.166
- talking about the Hefty Renew program.

01:03:53.410 --> 01:04:03.169
- I think we're about done. Yeah, I think we're about done. I think we're done. We're good. Thanks, Joey.

01:04:03.169 --> 01:04:12.927
- Thank you. Bye-bye. Good night. Good night. I was just watching you answer the phone. I was like, well,

01:04:12.927 --> 01:04:17.150
- who's calling her? Right. Must be important.

01:04:17.314 --> 01:04:24.152
- Anyway, just, you know. Right. And it's good to know that. And I appreciate that. But I think, you know,

01:04:24.152 --> 01:04:30.143
- since we're piloting it right now, I don't want, there's no reason for anybody to make any,

01:04:30.143 --> 01:04:36.785
- take any steps, make any effort to be a retailer until we know that this is something that's going to

01:04:36.785 --> 01:04:43.297
- continue. Sounds reasonable. All right. If there's nothing else, I think we can adjourn. Thank you.

01:04:43.297 --> 01:04:44.990
- Let's do that. Thank you.
