[00:00:07]
EVERYBODY. IT IS 815. WE'LL GO AHEAD AND GET OUR FISCAL COMMITTEE MEETING HERE UNDERWAY.
I'M PRETTY SHORT AGENDA, SO HOPEFULLY WE CAN MOVE THROUGH THESE ITEMS AT A REASONABLE
[1. Resolution to authorize participation agreements with the Michigan Cooperative Liquid Assets Securities System (“CLASS”)]
PACE HERE. SO ITEM NUMBER ONE WE'VE GOT A RESOLUTION TO AUTHORIZE PARTICIPATION AGREEMENTS WITH THE MICHIGAN COOPERATIVE LIQUID ASSETS SECURITY SYSTEMS ALSO KNOWN AS CLASS. SO MOVED AND I'LL SUPPORT I'LL TURN IT OVER TO MR. GOOD MORNING COMMISSIONERS.I THINK THE 77 PAGE DOCUMENT ATTACHED TELLS IT ALL. NO. JUST KIDDING. IT WAS RATHER IN-DEPTH.
THIS IS A GREAT THIS IS A GREAT OPPORTUNITY FOR US. MICHIGAN CLASS HAS BEEN A LONG STANDING, APPROVED LOCAL GOVERNMENT INVESTMENT POOL FROM THE STATE OF MICHIGAN. AND WE'RE NOW GOING TO UTILIZE THAT OPPORTUNITY TO PLACE SOME OF OUR LIQUID CASH. THE NICE THING ABOUT THAT IS OUR CURRENT US BANK ACCOUNT IS ABOUT A 3.5% RATE OF RETURN. THIS ONE'S 3.8 AND IT'S ALSO READY MONEY FOR US. SO AS LONG AS WE SEND THE INFORMATION OR FILE ONLINE BY 3:00 ANY GIVEN DAY, WE CAN HAVE MONEY DRAWN BACK INTO OUR ACCOUNTS AS WE NEED IT. SO IT PROVIDES US WITH NOT ONLY THE SAFETY AND SECURITY OF FOLLOWING PUBLIC ACT 20 AND OUR INVESTMENT GUIDELINES, BUT ALSO GIVES US THE OPPORTUNITY TO HAVE A REAL EASY WAY TO GO GET THAT MONEY. GREAT. THANK YOU COMMISSIONER. ANY QUESTIONS? NOTHING. I'VE GOT NOTHING EITHER. SO I'LL CALL THE QUESTION. ALL THOSE IN FAVOR SAY AYE. AYE. I'M AN EYE, SO
[2. Resolution approving a Deficit Elimination Plan for the Michigan Indigent Defense Commission fund]
THE MOTION WILL CARRY. THAT BRINGS US TO ITEM NUMBER TWO, WHICH IS A RESOLUTION APPROVING A DEFICIT ELIMINATION PLAN FOR THE MICHIGAN INDIGENT DEFENSE COMMISSION FUND. SO MOVED. AND I'LL SUPPORT. GOOD MORNING. WELCOME. GOOD MORNING. I AM TRICIA CHAPMAN WITH THE FISCAL SERVICES DEPARTMENT. FOR THOSE THAT THAT DON'T KNOW ME, THIS IS A RESOLUTION APPROVING A DEFICIT ELIMINATION PLAN FOR THE MICHIGAN INDIGENT DEFENSE COMMISSION FUND. THIS FUND IS A LITTLE BIT UNIQUE IN THAT WHEN THERE IS A NEED, WE ARE MANDATED TO TO FILL THAT NEED, WHETHER OR NOT WE'RE AT, YOU KNOW, WHAT POINT WE'RE AT WITH THE GRANT. THE STATE OF MICHIGAN HAS US TAKE WHAT ANY OVERSPENDING THAT HAPPENS BECAUSE OF THAT EXCESS NEED AND ROLL IT INTO THE NEXT YEAR'S GRANT, WHICH IS WHICH IS WHAT WE DID AND WHAT IS PART OF THE PLAN. SO THIS NEEDS TO BE APPROVED BY COMMISSION AND FILED WITH THE STATE OF MICHIGAN. AWESOME. THANKS. QUESTIONS? COMMENTS. ALL RIGHT. ALL THOSE IN FAVOR SAY AYE. AYE.[3. Bid List Resolution for February 10, 2026]
I'M AN EYE. THE MOTION WILL CARRY. THANK YOU. BRING US ITEM NUMBER THREE. WE'VE GOT OUR BID LIST RESOLUTION FOR THIS WEEK FEBRUARY 10TH, 2026. SO MOVED AND SUPPORT I'LL TURN TO OUR CFO. GOOD MORNING COMMISSIONERS. WE JUST HAVE SOME ROUTINE ITEMS INCLUDED. AERIAL BUCKET TRUCK, HVAC, HEAT PUMP REPLACEMENT, THINGS OF THAT NATURE. SO IF YOU HAVE ANY QUESTIONS, MYSELF OR THE DEPARTMENTS ARE HERE TO ANSWER THEM. YES, THANKS. I WROTE DOWN THAT WAS ON PAGE 63, IN THE AGENDA PACKET. TWO PEOPLE HAVE QUESTIONS ON ANYTHING SPECIFIC, BUT HEARING SEEING NO OTHER QUESTIONS, I'LL GO AHEAD AND CALL IT ALL. THOSE IN FAVOR SAY AYE. AYE. ANY[4. Resolution Approving Grand Rapids Community Media Center Public, Education, and Government (PEG) Grant Reimbursement Request - $207,623.98]
OPPOSED? THE MOTION CARRIES. ALL RIGHT. THAT BRINGS US TO ITEM NUMBER FOUR. WE'VE GOT A RESOLUTION APPROVING GRAND RAPIDS COMMUNITY MEDIA CENTER, PUBLIC EDUCATION AND GOVERNMENT PEG GRANT REIMBURSEMENT REQUESTS. AND THAT'S IN THE AMOUNT OF $207,623.98. OKAY. SO IS THERE A MOTION? SO MOVED. SUPPORT. GO AHEAD. SO YOU KNOW, THIS IS SOME THIS IS A REIMBURSEMENT THAT OCCURS A COUPLE OF TIMES A YEAR. AND IT'S PART OF THE PEG GRANTS THAT WE RECEIVE THROUGH FRANCHISE FEES. BECAUSE IT'S FEBRUARY I THOUGHT WE WOULD TAKE AN OPPORTUNITY HERE FOR TED DIETRICH FROM THE COMMUNITY MEDIA CENTER, JUST TO GIVE A LITTLE OVERVIEW OF WHAT IT IS THAT THEY DO AS A PARTNER. AND THEN WE'LL BE AVAILABLE TO ANSWER ANY QUESTIONS. THAT'D BE GREAT. THANKS. GOOD MORNING. GOOD MORNING. YEAH. I'M TED.TED DIETRICH. THANK YOU, DOUG, AND WE'RE ALWAYS HAPPY TO COME AND TELL YOU ABOUT A LITTLE ABOUT WHAT WE'RE DOING. GOOD TO SEE A COUPLE OF YOU TIMES A YEAR AT OUR STATION. BUT THANK YOU AGAIN. SO SINCE YOU'VE ALREADY KIND OF GOT A DETAILED REPORT OF THE ACTUAL INVESTMENT WITH YOU, I'M JUST GOING TO TALK ABOUT WHAT GMTV DOES AT OUR CORE. SO GRIEVE IS TWO PUBLIC ACCESS TELEVISION STATIONS. WE OPERATE GMTV, WHICH IS THE TRUE PUBLIC ACCESS STATION WHERE ANYONE CAN TURN ANY PROGRAMING IN. AND WE ALSO OPERATE LIVEWIRE, WHICH IS AN EDUCATION AND COMMUNITY AFFAIRS CHANNEL. A LOT OF GOVERNMENT AND NONPROFIT VIDEOS AND PRODUCTIONS END UP AIRING. RESIDENTS CAN WATCH YOUR TV ON CABLE ACCESS IF THEY HAVE COMCAST. IT SHOWS UP ON CHANNEL 24 AND 25 ON ANY BASIC CABLE PACKAGE THAT YOU WOULD GET. BUT WE ALSO HAVE AN APP, GMTV ACCESS. YOU CAN ACCESS THAT ON ROKU, FIRE TV AND ANDROID DEVICES OR THROUGH OUR WEBSITE. WE'RE ALWAYS STREAMING ON OUR WEBSITE AS WELL THERE. WE HAVE
[00:05:02]
A FEW CORE SERVICES THAT WE PROVIDE, SO I GUESS I'LL JUST TALK ABOUT THE PROGRAMING THERE.SO IN LAST YEAR, WE HAD 1400 NEW COMMUNITY PROGRAMS THAT AIRED ON OUR CHANNEL. SO THOSE ARE ALL PROGRAMS THAT WERE MADE HERE LOCALLY OR REQUESTED TO AIR HERE LOCALLY. SO WHEN YOU TUNE INTO JTV, EVERYTHING YOU SEE IS REFLECTING THE GRAND RAPIDS COMMUNITY THAT WAS MADE FROM 165 DIFFERENT PRODUCERS AND RESULTED IN OVER 950 HOURS OF LOCAL PROGRAMING. WE HAVE CLASSES THAT WE TEACH AS PART OF OUR EDUCATION WORKFORCE DEVELOPMENT. SO THOSE EDUCATIONAL OFFERINGS ARE IN VIDEO PRODUCTION, PODCASTING AND AUDIO PRODUCTION. WE HAVE A MEDIA PRESERVATION TRAINING THAT WE ADDED THIS LAST YEAR, WHERE PEOPLE CAN LEARN HOW TO DIGITIZE THEIR OLD VHS MINI DV TAPES, KIND OF ARCHIVE THEIR OLD STUFF. WE HAVE YOUTH WORKSHOPS, SCHOOL BASED PROGRAMS, AND OUR MEDIA MAKER SUMMER CAMP THAT WE DO. AND THEN WE IN 2025, WE HAD 64 CERTIFICATION CLASSES THAT WE WERE ABLE TO TEACH IN THOSE PARTICULAR SUBJECTS. THAT WAS FOR 202 PEOPLE THAT WE TAUGHT IN THOSE AREAS. OUR SUMMER CAMP, WE HAD 38 HIGH SCHOOL STUDENTS COME IN. PART OF THAT CAMP IS THAT WE ACTUALLY PAY THEM TO COME IN SO THAT IF THEY DON'T, IF THEY WOULD NORMALLY HAVE TO WORK A SUMMER JOB, THEY DON'T HAVE TO HAVE TO MAKE THAT CHOICE BETWEEN WORKING A JOB OR KIND OF LEARNING THESE CREATIVE AND PRODUCTIVE SKILLS TO MOVE FORWARD. AND THEN IN OUR WORKSHOPS AND KIND OF, YOU KNOW, BRINGING STUDENTS IN FOR A VARIETY OF SKILL WORKING. WE HAD OVER 400 STUDENTS DO THAT.
WHEN IT COMES TO COMMUNITY EQUIPMENT AND FACILITIES ACCESS. YOU KNOW, WE HAVE A LOT OF PEOPLE HAVE TAKEN OUR CLASSES. IF THEY'RE A MEMBER, THEY GET ACCESS TO A WHOLE SUITE OF EQUIPMENT FOR FREE. SO WE HAVE STUDIOS, EDIT SUITES, LOTS OF CHECKOUT EQUIPMENT, CAMERAS, LIGHT KITS, MICROPHONES, JUST ABOUT ANYTHING, PODCAST KITS, ANYTHING THAT YOU MIGHT NEED.
SO LAST YEAR WE HAD A HUGE BOOST, ABOUT A 50% INCREASE IN OUR EDIT SUITE RESERVATIONS. I THINK WITH THE TARIFFS COMING IN, THERE'S BEEN SOME EXPENSE. A LOT OF THE EQUIPMENT TO DO.
EDITING HAS BEEN REALLY EXPENSIVE FOR PEOPLE, AND SO THEY'VE APPRECIATED USING THE OUR EDIT SUITES FOR THOSE REASONS. 213 STUDIO RESERVATIONS, ALSO AN INCREASE OVER 2024 AND 170 CAMERA CHECKOUTS FOR PEOPLE CHECKING OUT OUR EQUIPMENT OVER THE WEEKENDS OR DURING THE WEEK TO MAKE THEIR PRODUCTIONS. WE ALSO DO A LOT OF NONPROFIT AND GOVERNMENT SUPPORT THROUGH OUR WORK, SO WE DO HAVE A VIDEO PRODUCTION SERVICES AT A REDUCED COST FOR NONPROFIT ORGANIZATIONS AND FOR THE GOVERNMENT THAT HIRE US. WE DO WEB DESIGN THROUGH THE COMMUNITY MEDIA CENTER TO SUPPORT NON-PROFITS, AS WELL AS JUST COVERING CITY MEETINGS AND THAT SORT OF THING. SO WE HAD 127 GOVERNMENT MEETINGS THAT AIRED ON OUR CHANNELS LAST YEAR, ABLE TO SHARE THAT WORK WITH THE COMMUNITY. WE HAD 34 NONPROFIT VIDEO PRODUCTIONS WE DID FOR 19 DIFFERENT CLIENTS. WE DID. WE RELAUNCHED AND REBUILT THE WEBSITE SO IT'S MUCH FASTER, MUCH EASIER TO ACCESS AND COVERS EVERYTHING THAT'S HYPER LOCAL ON THERE. AND THAT INCLUDES THE WORK THAT OUR DOCUMENTERS ARE DOING. SO YOU'LL SEE THEM SHOWING UP AT COMMUNITY MEETINGS, DOCUMENTING WHAT'S HAPPENING AND SHARING THOSE ON ON THE RAPIDAN AND COVERING OVER 100 PUBLIC MEETINGS LAST YEAR. AND WE ALSO MANAGE NONPROFIT WEBSITES AND DEVELOP THOSE. SO WE MANAGE 43 LIVE NONPROFIT SITES FOR 39 DIFFERENT CLIENTS IN THE AREA LAST YEAR. SO OVERALL, OF THE VALUE THAT WE GET OUT OF THE COMMUNITY MEDIA CENTER AND THIS INVESTMENT ARE JUST BOOSTING LOCAL VOICES, PROVIDING THAT COMMUNITY ACCESS TO THESE TYPES OF TOOLS AND EQUIPMENT, PROVIDING MEDIA LITERACY, EDUCATION, TRANSPARENCY AND CIVIC PARTICIPATION, AND THEN THE RESPONSIBLE STEWARDSHIP OF THE PUBLIC INVESTMENT THAT YOU'RE YOU'RE MAKING IN US. SO THANK YOU VERY MUCH FOR YOUR PARTNERSHIP. IF THERE'S ANY QUESTIONS, LET ME KNOW. GREAT. THANKS SO MUCH. IT'S ALWAYS GOOD TO HEAR AN UPDATE FROM YOU ALL. I KNOW I'VE ENJOYED COMING OUT THE TIMES THAT I'VE BEEN ABLE TO TO TAKE PART IN THE INTERVIEWS AND DO SOME LIVE Q&A WITH WITH RESIDENTS, SO IT'S JUST A COOL WAY FOR US TO BE ABLE TO CONNECT WITH THEM. SO I DON'T HAVE ANY ANY SPECIFIC QUESTIONS. I KNOW, COMMISSIONER, IF THERE'S ANY THOUGHTS OR COMMENTS YOU'VE GOT. YES, YES, JUST TO THANK YOU ALL FOR THE WORK YOU'RE DOING. I THINK I HAVE ONE COMING IN THE SUMMER.
YES, I'LL BE ON WITH YOU ALL AND REALLY THINK IT'S IMPORTANT TO SUPPORT LOCAL JOURNALISM. I THINK THERE'S BEEN SOME VERY IMPORTANT CONVERSATIONS THAT THE MORE BIGGER STUDIOS HAVEN'T, YOU KNOW, MAINSTREAM MEDIA HASN'T COVERED THAT YOU ALL HAVE. SO I REALLY APPRECIATE YOUR WORK. THANK YOU VERY MUCH. YEAH. GOOD. ALSO, IT'S ELECTION YEAR, SO I'M SURE WE'LL BE FILMING SOME TRUTH FILLED ELECTION VIDEOS. YES. YEAH. WE HAVE A NUMBER OF OF VIDEOS PLANNED THROUGH THE RAPIDAN. WE DO ALSO, WE'RE LOOKING AT DOING A DEBATE FOR COMMISSIONER SEATS IN OCTOBER, I BELIEVE, BUT WE'LL BE DOING LOTS OF VOTER EDUCATION VOTER GUIDES. I'M SURE YOU'LL BE HEARING FROM US. THAT'S RIGHT. BUT BUT THAT'S A GOOD THAT'S A GOOD WAY TO WE NEED TO START PUSHING PEOPLE TOWARDS THAT THROUGH OUR SOCIAL MEDIAS TO THAT OF DIFFERENT WAYS OF OF CUTTING THROUGH SOME INFORMATION TO THESE OTHER SOURCES. ABSOLUTELY. YEP.
[00:10:02]
THAT'S A GREAT POINT. THANK YOU. ALL RIGHT. WELL THANKS AGAIN. WE IT'S IT'S ALWAYS GOOD TO SEE YOU. SO OKAY SO NOW WE NEED TO VOTE ON OUR RESOLUTION. SO I WILL CALL THE QUESTION. ALL THOSE IN FAVOR SAY AYE. AYE I ALSO I EXCUSE ME THE MOTION CARRIES BRINGS US TO OUR LAST[5. Comptroller's Warrant Report for the period of January 13, 2026 through January 26, 2026 in the amount of $27,433,945.76]
TWO ITEMS. NUMBER FIVE, WE'VE GOT OUR CONTROLLERS WORK REPORT FOR THE PERIOD OF JANUARY 13TH, 2026 THROUGH JANUARY 26TH, 2026. AND THAT'S THE AMOUNT OF $27,433,945.76. AND I'LL TURN IT OVER TO MR. MAX FRANCE. GOOD MORNING, COMMISSIONERS. SO JUST ONE REPORT HERE THIS MORNING.AND FOR THE WARREN REPORT, CASH PAYMENTS WERE RELEASED TOTALING APPROXIMATELY $27.4 MILLION.
AND THAT AMOUNT INCLUDES APPROXIMATELY $6.8 MILLION FOR EMPLOYEE PAYROLL EXPENSE AND JUST OVER $339,000 FOR INCOME TAX WARRANTS. IN TERMS OF QUANTITY, 260 INCOME TAX REFUNDS WERE ISSUED AND 1171 CHECKS AND ELECTRONIC PAYMENTS WERE ISSUED. THESE FUNDS WERE ISSUED FOR PAYMENT BY INDIVIDUALS NOT IN THE CITY CONTROLLER'S OFFICE, AND NOT IN ACCORDANCE WITH THE TERMS OF THE CITY CHARTER. THE DETAILS OF THE PAYMENTS ARE ALL CONTAINED ON THE TABLES IN THE FOLLOWING PAGES. GREAT, THANKS. WE'LL GO AHEAD AND RECEIVE AND
[6. Treasurer’s Report for Period of January 14, 2026, through January 27, 2026]
FILE THAT ONE. AND THEN LASTLY, WE'VE JUST GOT OUR TREASURER'S REPORT FOR THE PERIOD OF JANUARY 14TH, 2026 THROUGH JANUARY 27TH, 2026. GOOD MORNING, COMMISSIONERS. SINCE OUR LAST MEETING, WE DID HAVE AN ANNOUNCEMENT THAT KEVIN WARSH HAS BEEN NOMINATED TO BE THE NEW FED CHAIR. SO WE'RE WAITING TO SEE HOW THAT PROCESSES THROUGH AND WHETHER HE IS APPROVED FOR THAT AND BECOMES OUR NEW FED CHAIR. REALLY, WHEN WE LOOK AT THE OVERALL ECONOMY, THE ECONOMIC ENVIRONMENT CAN BE CHARACTERIZED AS IS STABLE, BUT IT'S ALSO VERY SENSITIVE TO ANY POLICY DIRECTION, INFLATION TRENDS OR BROADER FINANCIAL CONDITIONS. WE'RE NOT EXPECTING ANY RATE CHANGES AT THE PRESENT TIME. MOST OF THE MARKET PARTICIPANTS ARE LOOKING AT POSSIBLE RATE CHANGES COMING LATER IN THE YEAR IF THAT HAPPENS. BUT AGAIN, THE FED IS GOING TO STILL BE VERY DATA DRIVEN. THEY HAVE TO SEE CHANGES IN THE ECONOMY BEFORE THEY'RE GOING TO START MAKING MOVES. THAT IS REALLY WHERE WE SIT RIGHT NOW IS KIND OF IN A NICE WAIT AND SEE KIND OF POSITION, WHICH IS IS NICE. BUT AGAIN, ANY TYPE OF FINANCIAL SHOCK COULD, COULD LEAD TO OTHER ACTIVITIES. RIGHT NOW, OUR OUR PORTFOLIO SITS AT $722 MILLION AND WE'RE EARNING 3.3%. OKAY, GREAT. OFF THE TOP OF YOUR HEAD. IF THE NEW FED CHAIR DOES TAKE THAT SEAT, DO YOU KNOW, LIKE WHAT THE TIMING OF THAT COULD? IS IT JUST DEPENDENT ON WHEN IT'S APPROVED OR IS THERE LIKE A CERTAIN TERM I BELIEVE IT'S IN IN MAY. MAY IS WHEN CHAIR POWELL WOULD WOULD NO LONGER BE THE FED CHAIR. YEAH I WOULD IMAGINE RIGHT IMMEDIATELY FOLLOWING HE WOULD BE THEN SWORN IN APPOINTED AND PUT IN IN PLACE. OKAY. THERE'S ALSO SOME CONCERNS WHETHER THE CURRENT FED CHAIR POWELL STAYS AROUND AFTER THAT THAT THAT THOSE ARE OTHER DECISIONS OTHER PEOPLE MAKE. AND IT'S NOT OF A MAJOR CONCERN. CERTAINLY. YEP, YEP. JUST CURIOUS COMMISSIONER, ANY QUESTIONS OR COMMENTS. ALL RIGHTY. WE'LL GO AHEAD AND RECEIVE AND FILE THAT WHICH WILL THEN CONCLUDE OUR* This transcript was compiled from uncorrected Closed Captioning.