[1. Resolution accepting the continuation of a grant award from the Office of Highway Safety Planning (OHSP) in the amount of $18,886.91]
          [00:00:08]
          IS 830. WE'LL GO AHEAD AND GET OUR FISCAL COMMITTEE MEETING HERE UNDERWAY. I'M NUMBER ONE. 
          WE'VE GOT A RESOLUTION ACCEPTING THE CONTINUATION OF A GRANT. AWARD FROM THE OFFICE OF HIGHWAY SAFETY PLANNING. AND THAT'S IN THE AMOUNT OF $18,886.91. SO MOVED. SUPPORT. 
          ALL RIGHT. MOVED AND SUPPORT. GOOD MORNING. MR. GOOD MORNING COMMISSIONERS. THIS IS A CONTINUATION GRANT THAT WE RECEIVE EACH YEAR DEDICATED AT TRAFFIC SAFETY. SO WE'LL TARGET SPEEDING. WE CAN DO DUI SEATBELT ENFORCEMENT. THERE'S A WIDE RANGE OF ACTIVITIES WE CAN DO TO SPECIFICALLY PREVENT SERIOUS AND FATAL TRAFFIC ACCIDENTS. THE ONLY BAD NEWS ABOUT THIS GRANT IS THAT THE AMOUNT ALLOCATED THIS YEAR WAS DONE BEFORE THE STATE'S BUDGET DEAL. SO IT'S ABOUT HALF OF WHAT WE WOULD NORMALLY RECEIVE. LAST YEAR WE RECEIVED AROUND 38,000, 35,000 BEFORE THAT. SO IT'S BASICALLY ACROSS THE BOARD CUT OF 50%. WE'RE STILL AT ALMOST 19. AND NOW THE BUDGET DEAL SETTLED. I HOPE TO COME BACK TO YOU WITH ANOTHER 19 LATER THIS YEAR. OKAY. GOT IT. THANKS. ANY DISCUSSION COLLEAGUES. ALL RIGHT. ALL THOSE IN FAVOR SAY AYE. AYE. ANY OPPOSED? IT CARRIES. ITEM NUMBER TWO. WE'VE GOT A 
          [2. Resolution approving an agreement with the Michigan Department of Transportation for a Congestion Mitigation and Air Quality grant for the Traffic Management Operations Center with a total cost of $690,000.]
RESOLUTION APPROVING AN AGREEMENT WITH THE MICHIGAN DEPARTMENT OF TRANSPORTATION FOR A CONGESTION MITIGATION AND AIR QUALITY GRANT FOR THE TRAFFIC MANAGEMENT OPERATIONS CENTER, WITH A TOTAL COST OF $690,000. SUPPORT. ALL RIGHT. MOVED AND SUPPORTED. I APOLOGIZE WE DON'T HAVE NO REPRESENTATION FROM THAT DEPARTMENT, BUT. DO YOU WANT TO SPEAK TO THE ITEM? NO, NO. OKAY. OKAY. I SURE. DO. YEAH. GOOD MORNING. GOOD MORNING. GOOD MORNING. COMMITTEE JESSICA SMITH MOBILE GR DEPARTMENT. SO JOHN BARTLETT IS OUR CITY TRANSPORTATION ENGINEER AND HE COULDN'T BE HERE THIS MORNING. THIS IS OUR STANDARD CMAC OR CONGESTION MITIGATION AIR QUALITY GRANTS. AND I SAY STANDARD BECAUSE EVERY YEAR THEY'RE GIVING US EVERYTHING THAT WE ASK FOR. SO THIS IS THE WAY THAT WE TAKE THE FUNDING THAT WE RECEIVE THROUGH MAJOR STREETS. AND WE MULTIPLY THAT OUT. CMAC FUNDING IS TYPICALLY WHAT WE'RE USING THIS FOR IS PEDESTRIAN CROSSINGS OKAY. AWESOME. GREAT QUESTIONS COLLEAGUES. ALL RIGHT. ALL THOSE IN FAVOR SAY AYE. AYE. THOSE OPPOSED IT CARRIES. THANK 
          [3. Resolution authorizing a three-year contract with the Grand Valley Metro Council (GVMC) and their environmental programming unit, the Lower Grand River Organization of Watersheds (LGROW), for continued watershed and stormwater management services in the amount not to exceed $36,291.70 on an annual basis for a total amount not to exceed $108,875.10.]
YOU. ITEM NUMBER THREE. WE'VE GOT A RESOLUTION AUTHORIZING A THREE YEAR CONTRACT WITH THE GRAND VALLEY METRO COUNCIL AND THEIR ENVIRONMENTAL PROGRAMING UNIT, THE LOWER GRAND RIVER ORGANIZATION OF WATERSHEDS FOR CONTINUED WATERSHED AND STORMWATER MANAGEMENT SERVICES. 
          AND THAT ONE'S IN THE AMOUNT OF $36,291.70 ON AN ANNUAL BASIS, FOR A TOTAL AMOUNT NOT TO EXCEED $108,875.10. SO MOVE SUPPORT, I MOVE TO SUPPORT. GOOD MORNING. WELCOME. GOOD MORNING COMMISSIONERS. GOOD MORNING. COLLEAGUES. DAN TABOR, STORMWATER MANAGER AND CURRENT ELK GROVE CHAIR. SO TALKING ON BEHALF OF BOTH THE ESD AND AND ELK GROVE, REALLY JUST A CONTRACT CONTINUATION OF SERVICES. WE'VE WE'VE PARTNERED WITH ELK GROVE FOR NEARLY 20 YEARS NOW. THEY SUPPORT US, REALLY HELPS US DO REGIONAL WORK WITH OTHER COMMUNITIES INVOLVED IN ELK GROVE. IMPACTFUL WORK LIKE RAIN GARDEN PLANTINGS AND AND ENVIRONMENTAL EDUCATION. AND THEY'RE THEY'RE REALLY HELPFUL IN OUR MS4 AUDITS. SO REALLY A GREAT PARTNERSHIP THAT WE LOOK TO CONTINUE. GREAT. THANKS. ANY DISCUSSION COLLEAGUES. ALL RIGHT. ALL THOSE IN FAVOR SAY AYE. AYE. ANY OPPOSED? THE MOTION CARRIES. THANK YOU. 
          [4. Resolution authorizing a contract for professional services with Codametrics, Inc. for the Zoning Ordinance Update with total amount not-to-exceed $352,000.]
THANKS. ITEM NUMBER FOUR. WE'VE GOT A RESOLUTION AUTHORIZING A CONTRACT FOR PROFESSIONAL SERVICES WITH CODE METRICS INCORPORATED FOR THE ZONING ORDINANCE UPDATE, WITH A TOTAL AMOUNT NOT TO EXCEED $352,000. SO MOVED. SUPPORT. ALL RIGHT. MOVED AND SUPPORTED. MR. WILSON. 
          GOOD MORNING. I FEEL LIKE IT'S LIKE THE WORLD SERIES FOR PLANNERS. WE'RE HEADING INTO A NEW CHAPTER FOR THE PLANNING DEPARTMENT, AND THAT WE ARE WRITING OR UPDATING OUR ZONING ORDINANCE, WHICH IS AN OBVIOUS NEXT STEP, IS THE ZONING ORDINANCE IS VIEWED AS A TOOL TO IMPLEMENT THE COMMUNITY MASTER PLAN, WHICH OF COURSE, WAS ADOPTED BY THE CITY LATE LAST YEAR. SO AFTER A SUBMISSION REVIEWING SIX PROPOSALS, WE INTERVIEWED FOUR FIRMS AND THE SELECTION TEAM, WHICH WAS COMPRISED OF TWO TECHNICAL ADVISORY COMMITTEE MEMBERS THAT ARE WELL VERSED IN CITY OF GRAND RAPIDS PLANNING AND ZONING. WORLD SUPPORTED US IN INTERVIEWING THE CONSULTANTS, AND ULTIMATELY, WE ALL AGREED THAT CODE METRICS WAS THE FIRM THAT WE FELT LIKE HAD THE BEST EXPERIENCE IN TERMS OF WRITING CODE, WHICH SOMETIMES ISN'T AS FUN AS IT MAY SOUND. DOES IT SOUND FUN? BUT THEY'VE GOT QUITE A BIT OF EXPERIENCE. AND 
          [00:05:03]
I THINK IMPORTANTLY, WE WERE REALLY EXCITED ABOUT THEIR ENGAGEMENT PARTNER THAT IS ALSO COMPRISED A FIRM COMPRISED OF OF PLANNERS AND SOCIAL WORKERS THAT ARE USED TO TALKING WITH COMMUNITY ABOUT PLANNING AND ZONING CONCEPTS, WHICH ISN'T ALWAYS THE MOST INTUITIVE CONVERSATION TO HAVE WITH COMMUNITIES. SO WE WERE EXCITED ABOUT THE EXPERIENCE THAT THEY BROUGHT TO THE TEAM. SO THIS IS THE REQUEST TO MOVE FORWARD AND ENGAGE IN A CONTRACT. SO THANK YOU FOR YOUR SUPPORT. YES. THANK YOU. SO JUST FROM MY UNDERSTANDING. SO THEY'RE ESSENTIALLY TAKING SORT OF THE STRATEGY LAID OUT FROM THE CITY MASTER PLAN AND DOING THE TECHNICAL WORK OF WRITING THE LANGUAGE TO MIRROR. WHAT CAME OUT OF THAT PLAN. IS THAT EXACTLY RIGHT? OKAY. YES. OKAY. AWESOME. COLLEAGUES, ANY DISCUSSION OR QUESTIONS ON THIS ONE? ALL RIGHT. HEARING SEEING NONE. ALL THOSE IN FAVOR SAY AYE. AYE. THOSE OPPOSED IT 
          [5. Resolution authorizing the Mayor to sign certain routine documents for activities of the Community Development and Economic Development departments for the 2026 calendar year]
CARRIES. THANK YOU SO MUCH. THANKS. NEXT WE HAVE ITEM NUMBER FIVE WHICH IS A RESOLUTION AUTHORIZING THE MAYOR TO SIGN CERTAIN ROUTINE DOCUMENTS FOR ACTIVITIES OF THE COMMUNITY DEVELOPMENT AND ECONOMIC DEVELOPMENT DEPARTMENTS FOR THE 2026 CALENDAR YEAR. SO MOVED SUPPORT I MOVED AND SUPPORT. WE HAVE MISS HERE THIS MORNING. TELL US ABOUT THIS ONE MORNING. THIS IS SOMETHING THAT I BRING FORWARD FOR BOTH COMMUNITY DEVELOPMENT, ECONOMIC DEVELOPMENT. THIS ALLOWS US TO HAVE THE MAYOR SIGN DOCUMENTS THAT REALLY GO ALONG WITH SEVERAL OF OUR ROUTINE PROGRAMS, AND IT JUST REALLY TAKES IT OFF YOUR PLATE FROM HAVING TO DO A LOT OF SORT OF BUSY WORK. OKAY. I'M JUST CURIOUS, IS THERE LIKE AN EXAMPLE OF THE TYPE OF DOCUMENT THAT. YEAH. SO A LOT OF SUBORDINATION OF MORTGAGES. SO WHEN WE HAVE FUNDING THAT'S INTO PROJECTS, FOR EXAMPLE WHEN WE SUBORDINATE THOSE MORTGAGES, IT MIGHT ALSO BE COVENANTS THAT ARE, YOU KNOW, FOR THE PROJECTS AS WELL. SO THERE'S A VARIETY OF THINGS. DEEDS. SURE. OKAY. AWESOME. THANKS COLLEAGUES. ANY QUESTIONS DISCUSSIONS. ALL RIGHT. ALL THOSE IN FAVOR SAY AYE. AYE. ANY OPPOSED? THE MOTION CARRIES ITEMS NUMBER SIX 
          [6. Series Ordinance authorizing the issuance of Sanitary Sewer System Revenue Refunding bonds, Series 2025]
AND SEVEN. WE'LL START WITH NUMBER SIX. I SEE YOU, MR. VERBRUGGE, WALKING UP HERE. SO MAYBE WE'LL HAVE YOU IF YOU WANT TO TOUCH ON BOTH OF THEM AT THE SAME TIME, YOU'RE WELCOME TO OR DIVIDE THEM UP. BUT NUMBER SIX, WE'VE GOT A SERIES ORDINANCE AUTHORIZING THE ISSUANCE OF SANITARY SANITARY SEWER SYSTEM REVENUE REFUNDING BONDS SERIES 2025. 
          YEAH. GOOD MORNING COMMISSIONERS. SO THE ORDINANCE BEFORE YOU THE SORRY JUST REAL QUICK. WE NEED A MOTION. SORRY. ALL GOOD. SO MOVED SUPPORT. ALL RIGHT. I APOLOGIZE. YOU KNOW EXCITED ABOUT IT. SO THIS ORDINANCE BEFORE YOU WOULD AUTHORIZE US TO ISSUE A SERIES OF REVENUE REFUNDING BONDS FOR THE SANITARY SEWER SYSTEM. SO THINK OF THIS LIKE REFINANCING YOUR MORTGAGE. THE SANITARY SEWER SYSTEM ISSUED A BOND BACK IN 2016. THOSE ARE SET TO MATURE IN 2038. AND NOW WE'RE LOOKING TO REFUND OR REFINANCE THAT ISSUANCE TO TAKE ADVANTAGE OF A LOWER INTEREST RATE. SO THAT'S EXPECTED TO SAVE US CLOSE TO 6.7 MILLION IN NET PRESENT VALUE SAVINGS OVER THE REMAINING LIFE OF THE BOND, WHICH REPRESENTS A LITTLE OVER 19% OF THE BONDS PAR VALUE. ALSO INCLUDED ON THAT FIRST ORDINANCE FOR SEWER IS AUTHORIZATION TO ISSUE A TENDER OFFER ON THE 2021 BOND SERIES THAT SEWER ISSUED. SO THE 2021 SERIES WAS A LITTLE BIT DIFFERENT TYPE OF BOND. IT WAS MORE RECENT, AND AS A RESULT, WE CAN'T DO A REGULAR REVENUE REFUNDING WITH THAT ONE. SO INSTEAD WE'RE GOING TO WE'RE LOOKING TO ISSUE A TENDER OFFER WHEREBY BOND HOLDERS CAN VOLUNTARILY SELL BACK OR EXCHANGE THEIR OLD BONDS. OUR FINANCIAL ADVISERS ESTIMATE THAT WE'LL SEE SOMEWHERE BETWEEN 30 TO 50% PARTICIPATION IN THAT OFFER, BUT ARE NOT TO EXCEED. AMOUNT, YOU MIGHT NOTICE, IS PRETTY LARGE. THAT ASSUMES 100% PARTICIPATION. JUST SO WE'RE COVERING OUR BASES. IF WE ASSUME A LOW END OF PARTICIPATION OF 30%, THAT WOULD YIELD SAVINGS OF $1.3 MILLION IN NET PRESENT SAVINGS, OR ABOUT 5.29% OF THE BONDS PAR VALUE. GREAT. THANKS, COLLEAGUES. ANY QUESTIONS ON THIS ITEM? ALL RIGHT. HEARING SEEING NONE. ALL THOSE IN FAVOR 
          [7. Series Ordinance authorizing the issuance of Water Supply System Revenue Refunding Bonds, Series 2025]
SAY AYE. AYE. THOSE OPPOSED IT CARRIES. AND THEN SIMILARLY NUMBER SEVEN, WE'VE GOT A SERIES ORDINANCE AUTHORIZING THE ISSUANCE OF WATER SUPPLY SYSTEM REVENUE REFUNDING BONDS SERIES 2025. SO MOVED SUPPORT. ALL RIGHT. MOVED IN SUPPORT. ANYTHING YOU WANT TO ADD ON THIS ONE VERY SIMILAR ITEM. BUT FOR THE WATER SUPPLY SYSTEM, THIS ONE IS ACTUALLY GOING TO BE ISSUING A REFUNDING FOR THREE DIFFERENT SERIES THAT WATER HAD 2013, 2015, AND THE 2016 COMBINED SAVINGS FROM ALL THREE OF THOSE SHOULD BE A LITTLE OVER 5.5 MILLION, OR ABOUT 11.78% OF THE BONDS PAR VALUE. OKAY, EXCELLENT, COLLEAGUES. ANY DISCUSSION? ALL RIGHT. ALL THOSE IN FAVOR SAY AYE. AYE. THOSE OPPOSED THE MOTION CARRIES. THANKS. THAT 
          [8. Ordinance amending Section 1 of the Budget Ordinance 2025-11 for Fiscal Year 2026 (Amendment No. 3)]
BRINGS US TO ITEM NUMBER EIGHT. WE'VE GOT AN ORDINANCE AMENDING SECTION ONE OF THE BUDGET ORDINANCE 2025 DASH 11 FOR FISCAL YEAR 2026. THIS IS AMENDMENT NUMBER THREE. SO 
          [00:10:01]
MOVED. SUPPORT. ALL RIGHT. MOVED AND SUPPORTED. MISS CLEANSES YOU. YEP. AWESOME. YES. 
          THIS ONE'S ME OKAY. FOR THE ORDINANCE THIS MORNING WE HAVE OUT OF THE 61ST DISTRICT COURT SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES ADMINISTRATION GRANT FOR ABOUT $400,000. THE POLICE DEPARTMENT, THE FEDERAL FORFEITURES PROTECTIVE HELMET REPLACEMENT AND VICE UNIT VEHICLES 140,000. AND THEN OUT OF THE ENGINEERING DEPARTMENT. WE HAVE AN EXTENSION OF THE ELC PRIMARY CIRCUIT IN WEALTHY STREET GRANT AWARD. THAT IS THROUGH EGLE. THAT'S $3 MILLION THERE IN THE CAPITAL IMPROVEMENT FUND. WE HAVE AN AREA ABANDONMENT AT 30 DIVISION AVENUE AND THE VITAL STREETS CAPITAL FUND FOR 527,000 BACK TO 61ST DISTRICT COURT. WE HAVE A CARRY FORWARD REQUEST. THEY HAD LAPSED FUNDS, CONTRACTS OUTSTANDING THAT NEED TO BE PAID THAT WERE BUDGETED FOR LAST YEAR. SO WE'RE CARRYING FORWARD ABOUT 53,000 IN THE DISTRICT COURT FUND. AND THEN FINALLY FOR THE FISCAL SERVICES DEPARTMENT, WE HAVE THE ORACLE IMPLEMENTATION PROJECT. YOU'LL RECALL BACK ON SEPTEMBER 9TH, WE DID WE VOTED ON THE CONTRACT EXTENSION. THIS IS PUTTING THE BUDGET IN PLACE RELATED TO THAT CONTRACT EXTENSION. WE ARE USING GENERAL FUND FUND BALANCE TO TO FUND THIS. AND I'LL ALSO REMIND THE COMMISSION THAT WE DID COMMIT TO DOING A PRESENTATION FOR COMMISSION AT FISCAL COMMITTEE, I BELIEVE THE SECOND MEETING OF NOVEMBER. SO SO THAT'S ON YOUR RADAR. SO, SO THAT THAT APPROPRIATED CONTINGENT BALANCE REMAINS UNCHANGED AT $1.5 MILLION. GREAT. THANK YOU. COLLEAGUES, ANY DISCUSSION. ALL RIGHT. HEARING SEEING NONE. ALL THOSE IN FAVOR SAY AYE. AYE. THOSE 
          [9. Bid List Resolution for October 21, 2025]
OPPOSED. THE MOTION CARRIES. THAT BRINGS US TO ITEM NUMBER NINE. WE'VE GOT OUR BID LIST RESOLUTION FOR TODAY, OCTOBER 21ST, 2025. SO MOVED OR DO WE NEED ONE? YES. FOR THIS ONE WE DO. YES, YES. THANK YOU. ALL RIGHT. MOVED AND SUPPORTED. I'LL TURN IT BACK TO YOU, MISS CLARK. I, MYSELF AND THE DEPARTMENT, AS WELL AS THE PURCHASING MANAGERS HERE, IF THERE ARE ANY QUESTIONS. I DON'T KNOW IF ANYONE'S CRINGING BECAUSE NUMBER ONE IS SNOWPLOWING. BUT BESIDES THAT FAIRLY ROUTINE. YEP. ALL RIGHT. THANKS. AND THAT IS ON PAGE 73 FOR THOSE INTERESTED IN READING THROUGH THE LIST. SO COLLEAGUES, ANY QUESTIONS ON THAT? NOPE. 
          ALL RIGHT. ALL THOSE IN FAVOR SAY AYE. AYE. ANY OPPOSED? THE MOTION CARRIES THESE LAST TWO. 
          [10. Comptroller's Warrant Report for the period of September 23, 2025 through October 6, 2025 in the amount of $41,148,527.02 and Small Claims 3rd Qtr. 2025 & Monthly Travel Reports]
WE DO NOT NEED A MOTION FOR. YES. YEAH. GOOD MEMORY. ITEM NUMBER TEN. WE'VE GOT COMPTROLLERS REPORT FOR THE PERIOD OF SEPTEMBER 23RD, 2025 THROUGH OCTOBER 6TH, 2025, IN THE AMOUNT OF $41,148,527.02 AND SMALL CLAIMS THIRD QUARTER 2025 AND MONTHLY TRAVEL REPORTS. 
          SO I'LL TURN IT TO OUR CITY COMPTROLLER. GOOD MORNING, COMMISSIONERS. MORNING. SO WE HAVE A FEW REPORTS HERE THIS MORNING. THE FIRST REPORT, OUR WARRANT REPORT SHOWS THAT CASH PAYMENTS WERE RELEASED TOTALING APPROXIMATELY $41.1 MILLION, WHICH INCLUDES APPROXIMATELY $6.1 MILLION FOR OUR EMPLOYEE PAYROLL EXPENSES AND JUST OVER $122,000 FOR INCOME TAX WARRANTS. IN TERMS OF QUANTITY, 190 TAX REFUNDS WERE ISSUED AND 1183 CHECKS AND ELECTRONIC PAYMENTS WERE ISSUED. THESE FUNDS WERE ISSUED FOR PAYMENT BY INDIVIDUALS NOT IN THE CITY COMPTROLLER'S OFFICE, AND NOT IN ACCORDANCE WITH THE TERMS OF THE CITY CHARTER. THE SECOND REPORT WE HAVE FOR YOU THIS MORNING IS OUR QUARTERLY SMALL CLAIMS REPORT FOR THE THIRD CALENDAR QUARTER OF THIS YEAR. SO FROM JULY THROUGH SEPTEMBER 30TH, A TOTAL OF 12 SMALL CLAIMS WERE PAID OUT, TOTALING JUST OVER $23,000. AND THE DETAILS OF EACH OF THOSE CLAIMS ARE ALSO CONTAINED IN THE REPORT. AND THEN THE THIRD AND LAST REPORT WE HAVE HERE FOR YOU THIS MORNING IS THE AUGUST FISCAL YEAR TO DATE TRAVEL REPORT, WHICH IS DETAILS TRAVEL SPEND BY DEPARTMENT. AND THAT REPORT IS SHOWING $310,000 ON A BUDGET OF APPROXIMATELY $2.3 MILLION HAS BEEN SPENT. AND THOSE ARE THE THREE REPORTS THAT I HAVE FOR YOU TODAY. 
          [11. Treasurer’s Report for Period of September 24, 2025, through October 7, 2025]
AWESOME. THANKS. WE'LL GO AHEAD AND RECEIVE AND FILE THOSE. AND THEN THAT BRINGS US TO OUR LAST ITEM, NUMBER 11. WE'VE GOT OUR TREASURER'S REPORT FOR THE PERIOD OF SEPTEMBER 24TH, 2025 THROUGH OCTOBER 7TH, 2025. AND I'LL TURN IT TO OUR CITY TREASURER. GOOD MORNING, COMMISSIONERS MORNING WITH A REPORT TODAY. JUST A LITTLE BIT MORE ADDED VERBIAGE ON WHAT WE JUST PURCHASED FROM SOME OF THE BONDS THAT WE WERE ABLE TO ACTUALLY, RBC IS A BROKER DEALER. YOU APPROVED LAST COMMISSION MEETING, BUT ONE OF THE OFFERINGS THAT THEY WERE THE LEAD UNDERWRITER ON WAS SOME SOCIAL BONDS. SO I WANTED TO REALLY SPELL OUT A LITTLE BIT MORE ABOUT WHAT THAT IS. AND SO THOSE THOSE BONDS ARE ACTUALLY IN FREDDIE MAC, WHICH IS A FEDERAL HOME LOAN MORTGAGE COMPANY. AND FEDERAL NATIONAL MORTGAGE ASSOCIATION, COMMONLY 
          [00:15:01]
KNOWN AS FANNIE MAE SOCIAL BONDS, ARE HOUSING PROJECTS. SO IT'S NOT ONLY IN MICHIGAN BUT ALSO ACROSS THE COUNTRY. SO WE'RE TALKING ABOUT SINGLE AND MULTI-FAMILY HOUSING UNITS THAT WE'RE ABLE TO INVEST IN THESE SOCIAL BONDS, WHICH REALLY CRITICALLY SUPPORTS WHAT OUR STRATEGIC PLAN IS, IS TRYING TO CREATE THAT TYPE OF HOUSING. AND SO THAT'S SOMETHING THAT WE REALLY WHEN WE SAW THAT IT WAS LIKE QUICK, LET'S GET INVOLVED WITH THIS. AND DO WE HAVE THE FUNDS AVAILABLE TO MAKE THESE INVESTMENTS. AND SO WORKING WITH OUR INVESTMENT OFFICER, MR. LEVI BOLDT, WE'RE ABLE TO GO OUT AND ACQUIRE SOME OF THOSE SOCIAL BONDS. AND SO THAT REALLY IS WHEN WE SEE THOSE TYPES OF OPPORTUNITIES, WE WANT TO BE PREPARED TO TAKE THOSE. 
          AND WHEN IT FITS OUR INVESTMENT PORTFOLIO TO DO THAT TYPE OF WORK, WE ARE LOOKING AT POTENTIALLY TWO MORE RATE CUTS BEFORE THE END OF THE YEAR. THEY'RE PROJECTING A HIGH PROBABILITY THAT THERE MIGHT BE TWO MORE 25 BASIS POINT RATE CUTS BEFORE THE END OF DECEMBER, SO THAT'S ENCOURAGING. MAYBE TO SEE SOME OF THOSE RATES COME DOWN, MAYBE SPUR SOME MORE ECONOMIC GROWTH AND MAYBE HELP OUR CONSUMERS WITH RATE REDUCTIONS THAT THEY MIGHT BE ABLE TO ACHIEVE WITH OTHER. WHETHER YOU'RE EITHER BUYING A CAR OR BUYING A HOME OR REFINANCING THEIR HOME, THAT MAYBE THERE'S SOME RELIEF OUT THERE FOR THEM, IT DOESN'T BODE WELL FOR OUR INVESTMENT OPPORTUNITIES BECAUSE, YOU KNOW, OBVIOUSLY AS RATES GO DOWN, WE CAN'T INVEST AT A HIGHER RATE. BUT THAT'S NOT OUR PRIMARY OBJECTIVE. OUR PRIMARY OBJECTIVE IS SAFETY OF OUR FUNDS, LIQUIDITY, THE FUNDS TO SUPPORT OUR OPERATION AND FOLLOWED BY YIELD. WE LIKE TO EARN AS MUCH AS WE POSSIBLY CAN. BUT THAT IS OUR THIRD OBJECTIVE. 
          ONE THING I DO WANT TO SHARE WITH YOU, AND THIS IS MY MY HAPPY NOTE ON PAGE TWO OF MY REPORT, I'M GIVING YOU AN UPDATE ON OUR GREAT PROGRESS. WE'VE BEEN VERY FORTUNATE AND BLESSED OVER THE YEARS THAT BACK IN DECEMBER OF 2016, HAVING CONVERSATIONS WITH MAYOR BLISS AND COMMISSIONERS AND MOVING FORWARD AN INITIATIVE TO GET AN ONLINE PAYMENT CHANNEL TO REALLY SUPPORT OUR COMMUNITY AND ACTUALLY ACHIEVE GREATER RESULTS FOR THE TREASURER'S OFFICE IN TERMS OF EFFICIENCY AND PROCESS IMPROVEMENT AND EVERYTHING ELSE THAT WE LIKE TO FOCUS ON. WHEN WE LOOK AT IT, WE'RE ALREADY PROJECTING THAT THIS IS GOING TO BE OUR HIGHEST YEAR EVER, COLLECTING $170 MILLION ELECTRONICALLY THROUGH THE GRP SYSTEM. IT STARTED OUT AT 30 MILLION, SO WE'VE HAD DOUBLE DIGIT GROWTH NOW FOR NINE STRAIGHT YEARS, AND IT CONTINUES TO GROW. BUT AGAIN, WE TALK A LOT ABOUT OUR ORGANIZATION AND HOW WE LIKE TO CELEBRATE WINS. THIS IS A WIN THAT HAS CONTINUED TO REPEAT ITSELF YEAR AFTER YEAR, IF I COULD. AND I'VE I'VE DOCUMENTED IT IN MY REPORT. IF I COULD PRESENT AN ACE AWARD TO EVERY CONTRIBUTOR, EVERY DEPARTMENT WHO HAS BEEN HERE, WHO'S LEFT, WHO'S RETIRED, WHO'S FUTURE WILL BE WITH US. WE ALWAYS SAY THE CEREMONY WOULD RUN LONG AND THEY'LL START THE MUSIC AND PLAY ME OUT. IT WILL FADE TO COMMERCIAL. I REALLY WANT TO SHARE THE FACT THAT WITH FORMER MAYOR ROSALYN BLISS, NUMEROUS CITY COMMISSIONERS, TWO CITY MANAGERS, AND THEN THE DEDICATED TEAMS ACROSS MORE THAN A DOZEN DIFFERENT DEPARTMENTS, FROM TREASURES TO EXECUTIVE TO WATER, SEWER TO PUBLIC WORKS, MOBILE, GR COMPTROLLER'S OFFICE, FISCAL SERVICES AND PURCHASING COMMUNITY DEVELOPMENT 311 COMMUNICATIONS TEAM, THE CITY ATTORNEY'S OFFICE. WE WOULDN'T HAVE BEEN ABLE TO ACHIEVE THESE RESULTS, AND THIS IS REALLY, TRULY A COLLABORATIVE TEAM EFFORT ACROSS THE ORGANIZATION. AS I WAS TRYING TO FIGURE OUT HOW MANY PEOPLE WERE THERE, IT'S WELL OVER 100 CURRENT AND FORMER MEMBER OR FORMER CITY STAFF MEMBERS. SO FAR, WE'VE COLLECTED $840 MILLION SINCE WE LAUNCHED THIS PROGRAM. BY THIS TIME NEXT YEAR, I'M HOPING TO TELL YOU THAT IT'S NOW $1 BILLION COLLECTED. IT'S ALMOST LIKE MCDONALD'S SERVING HAMBURGERS. AND THE NUMBER CHANGES ON THE SIGN. JUST TO GIVE YOU A PERSPECTIVE, 4.1 MILLION PAYMENTS HAVE BEEN PROCESSED, AND 90% OF THOSE ARE CUSTOMERS THAT ARE REGISTERED. USERS THAT HAVE EMBRACED THIS TECHNOLOGY, EMBRACED THIS CHANNEL, AND I REALLY COULD NOT HAVE DONE IT WITHOUT THE REST OF THE CITY AND THE STAFF AND THE DIFFERENT DEPARTMENTS PARTICIPATION AND THEIR THOUGHTS, THEIR IDEAS, THEIR COLLABORATION TO REALLY BUILD A VERY SUCCESSFUL PROGRAM. WE HAVE WON SIX DIFFERENT NATIONAL AWARDS AND IT IS SOMETHING THAT IS CURRENTLY BEING LOOKED AT AROUND THE COUNTRY. WE'RE ONE OF THOSE BEACONS AND MUNICIPAL FINANCE FOR HOW WE COLLECT THESE ELECTRONIC PAYMENTS. SO I REALLY WANTED TO HIGHLIGHT WHAT THE ACCOMPLISHMENT OF THIS ORGANIZATION HAS DONE. YEAH, THANKS. I ALWAYS APPRECIATE YOUR WILLINGNESS TO GIVE CREDIT TO, YOU KNOW, THE RANK AND FILE MEMBERS OF OUR OUR CITY STAFF THAT MAKE THESE THINGS HAPPEN. SO APPRECIATE YOU GIVING THAT SHOUT OUT. I'VE USED IT MYSELF MANY TIMES. IT'S SUPER EASY, VERY INTUITIVE AND I KNOW MAKES BOTH, YOU KNOW, YOUR LIVES EASIER AND OURS AS WELL. SO THANKS FOR THAT COLLEAGUES. ANY QUESTIONS OR WHAT'S THAT? NOTHING. OKAY. QUESTIONS OR THOUGHTS. ALL RIGHT. SOUNDS 
          [00:20:03]
GOOD. WELL HEARING NONE WE'LL GO AHEAD AND RECEIVE AND FILE THAT REPORT THEN. AND THE
* This transcript was compiled from uncorrected Closed Captioning.