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830, AND WE'RE GOING TO GO AHEAD AND CALL OUR FISCAL FISCAL COMMITTEE MEETING TO ORDER. MA'AM, MR. DAVIS, LOOK AT YOU, I LIKE THAT. BEING SHARP. WE HAVE A NUMBER OF
[1. Resolution authorizing a contract with Cure Violence Global in an amount not to exceed $125,000 to provide training and technical assistance to support the continued effectuation of the Cure Violence Model in Grand Rapids.]
THINGS TODAY. AND LET'S START WITH THE FIRST ONE, WHICH IS A RESOLUTION AUTHORIZING A CONTRACT WITH CURE VIOLENCE GLOBAL, AN AMOUNT NOT TO EXCEED 125,000 TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO SUPPORT THE CONTINUED EFFECTUATION OF THE CURE VIOLENCE MODEL IN GRAND RAPIDS DO HAVE A MOTION. SO MOVED. SUPPORT. MOVED AND SUPPORTED MR. DAVIS. THANK YOU.GOOD MORNING. AS THE TITLE SUGGESTS, THIS IS AN ITEM TO CONTINUE OUR CONTRACT WITH CURE VIOLENCE GLOBAL. CURE VIOLENCE GLOBAL IS THE PARENT ORGANIZATION WHO CREATED THE MODEL FOR CURE VIOLENCE, AND THEY PROVIDE TRAINING AND TECHNICAL ASSISTANCE AND LICENSING TO BE ABLE TO RUN THIS PROGRAM IN GRAND RAPIDS. THERE WILL BE A ANNUAL REPORT FROM CURE VIOLENCE, GRAND RAPIDS, THE. AT THE URBAN LEAGUE THAT HAPPENS IN NOVEMBER.
AND WE'LL BE BRINGING FORWARD THEIR CONTRACT AT THAT TIME. THANK YOU, MR. DAVIS. THIS IS NUMBER OF YEARS RELATIONSHIP. THAT WAS A NUMBER OF YEARS IN THE MAKING. SO THANK YOU FOR HIGHLIGHTING. YOU KNOW, OBVIOUSLY THERE'S THIS WAS SOMETHING THAT WAS DEVELOPED IN ANOTHER PART OF THIS COUNTRY TO BE ABLE TO USE THOSE TECHNICAL DETAILS. COLLEAGUES QUESTIONS ON THIS ONE FOR MR. DAVIS. HEARING AND SEEING NONE. ALL THOSE IN FAVOR? AYE. ANY
[2. Resolution authorizing a Budget Substitution of $700,000 for Improvements to Grand River East Riverfront Phase I- US-131 to CSX Railroad]
OPPOSED? ITEM CARRIES. THANK YOU SO MUCH. THANK YOU. ITEM NUMBER TWO IS A RESOLUTION AUTHORIZING A BUDGET SUBSTITUTION OF 700,000 FOR IMPROVEMENTS TO THE GRAND RIVER RIVERFRONT. PHASE ONE US 131 TO SEE CSX RAILROAD. WE HAVE A MOTION SO MOVED. SUPPORT MOVED AND SUPPORTED. MISS KAREN. YES. I'LL SPEAK TO ITEMS TWO, THREE AND FOUR ALL AT ONCE. THAT'S ALL RIGHT. THIS IS THIS IS SIMPLY JUST MOVING AROUND. TYPES OF MONEY PER PROJECT. WE ARE WORKING WITH THE DR. WHO IS MANAGING THE. THERE THERE. TRANCHE OF ARPA MONEY CALLED THE GREENWAY PROJECT. AND WE HAVE TO GET THIS MONEY OUT THE DOOR SPENT BY DECEMBER 31ST.THEY HAVE AN INTERNAL DEADLINE OF OCTOBER 1ST TO BEGIN THEIR, YOU KNOW, FINAL CLOSEOUT COMPLIANCE WORK. SO ASKED US TO TAKE A LOOK AT THE PROJECTS THAT WE ARE CO-FUNDING WITH THEM, ALONG WITH A LOT OF OTHER DIFFERENT KINDS OF MONEY, AND SEE IF WE COULD ADVANCE THEIR MONEY FORWARD JUST BECAUSE THEY WANTED SOME EXTRA TIME TO SATISFY, YOU KNOW, MAKE SURE THEY'RE SATISFYING THE ARPA GRANT APPROPRIATELY. THIS DOESN'T PUT ANY OF OUR FUNDS AT RISK RIGHT NOW. THIS IS REALLY JUST ACCOMMODATING THE GREENWAY FUNDS WITH DEGREE. SO THE THESE THREE ITEMS, TWO, THREE, AND FOUR ARE JUST SIMPLE BUDGET SUBSTITUTIONS. THANK YOU, MISS CLAIRE. AND I KNOW THAT IS SOMETHING THAT WHEN THOSE ARPA DOLLARS CAME, WE THOUGHT 26 FELT LIKE A LONG TIME AWAY. AND HERE WE ARE. SO I WOULD SAY THIS IS IN LINE WITH OTHER ADMINISTRATIVE ACTIONS WE'VE TAKEN TO ENSURE THAT NO MONEY IS LEFT ON THE TABLE.
COLLEAGUES, AGAIN, MISS, MISS CLAIRE, AND WE'LL TAKE EACH ITEM INDIVIDUALLY AND VOTE ON IT. BUT ANY QUESTIONS ABOUT THIS ACTION OR ACTIVITY? OKAY. HEARING NONE. SO I'LL CALL THE QUESTION NUMBER TWO. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. SO NEXT ITEM
[3. Resolution authorizing a Budget Substitution of $2,900,000 for Construction of Grand River Edges Trails East from Grand Rapids Eastern Railroad to Ann Street]
NUMBER THREE IS A RESOLUTION AUTHORIZING A BUDGET SUBSTITUTION FOR 2.9 MILLION FOR CONSTRUCTION OF GRAND RIVER EDGES TRAIL EAST FROM GRAND RAPIDS EASTERN RAILROAD TO ANN STREET TO HAVE A MOTION SO MOVED. SUPPORT MOVED IN SUPPORTED. GOING TO CALL THE QUESTION. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. AND ITEM NUMBER FOUR.[4. Resolution authorizing a Budget Substitution of $2,900,000 for Improvements to Oxford Trail from Wealthy Street to Hall Street]
RESOLUTION AUTHORIZING A BUDGET SUBSTITUTION OF 2.9 MILLION FOR IMPROVEMENTS TO OXFORD TRAIL FROM WEALTHY STREET TO HALL STREET TO HAVE A MOTION SO MOVED. SUPPORT CALL THE QUESTION. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. THANKS SO MUCH. THANK YOU, MISS[5. Resolution authorizing a Budget Substitution in the amount of $40,000 for the Irene and Linda Watermain Extension]
CLAIRE. SO LET'S MOVE ON TO ITEM NUMBER FIVE, WHICH IS A RESOLUTION AUTHORIZING, PARDON ME, A BUDGET SUBSTITUTION AND THE AMOUNT OF $40,000 FOR THE IRENE AND LINDA WATER MAIN EXTENSION. SO MOVED. SUPPORT MOVED AND SUPPORTED. AND I SEE MR. JERNBERG COMING UP. IT'S A NICE BLUE. GRAND RAPIDS BLUE LIKE THE WATER. APPRECIATE IT. THE ITEM YOU HAVE IT'S ON THE CD AWARDING A CONTRACT FOR CONSTRUCTION OF WATER MAIN AND CASCADE TOWNSHIP. THIS IS AN AREA IMPACTED BY PFAS IN THE GROUNDWATER THERE. THAT'S. AND THAT THE FUNDING FOR THE CONSTRUCTION PROJECT IS BEING HANDLED THROUGH A GRANT FROM THE STATE. UNFORTUNATELY, NOT ALL OF THE CITY'S COSTS ASSOCIATED WITH PROJECT MANAGEMENT ARE COVERED BY THE GRANT, AND THEREFORE, $40,000 NEEDS TO BE TRANSFERRED FROM THE I P TO BE ABLE TO COVER SOME OF THE OVERHEAD AT THE CITY'S LEVEL. THANK YOU FOR THAT OVERVIEW. QUESTIONS, COLLEAGUES. HEARING AND SEEING NONE. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. ITEM[6. Resolution authorizing a Budget Substitution in the amount of $263,000 for Phase 4 of the Headworks / Grit Pass Upgrade]
NUMBER SIX. THANK YOU. ITEM NUMBER SIX IS A RESOLUTION AUTHORIZING A BUDGET SUBSTITUTION IN THE AMOUNT OF $263,000 FOR PHASE FOUR OF THE HEADWORKS GRIT PASS UPGRADE. SO MOVED. SUPPORT. MOVED AND SUPPORTED. OH, YOU GUYS SWITCHED SPOTS, MISTER. IT'S[00:05:03]
NICE TO SEE YOU. GOOD MORNING COMMISSIONERS. GOOD MORNING. TODAY WE BRING BEFORE YOU A REQUEST FOR A BUDGET SUBSTITUTION FOR 263,000. THIS IS FOR ENGINEERING SERVICES.THIS IS FOR PHASE FOUR IN THE FINAL PHASE. FOR THE UPGRADES TO OUR HEADWORKS AND GRIT SCREEN. THIS IS A CRITICAL PART OF OUR TREATMENT PROCESS. IT ELIMINATES THE DEBRIS AND GRIT FROM OUR INFLUENT PRIOR TO OUR TREATMENT SYSTEM. THIS EXTENDS THE LIFE OF OUR ASSETS. THANK YOU. THANKS FOR THAT OVERVIEW. QUESTIONS, COLLEAGUES. HEARING AND SEEING NONE. ALL THOSE IN
[7. Bid List Resolution for August 25, 2026]
FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. THANK YOU. ITEM NUMBER SIX IS THE BID LIST RESOLUTION FOR AUGUST 25TH, 2026. JUST MISSING A SIXTH THERE. DO I HAVE A MOTION? SO MOVED.SUPPORT MOVED AND SUPPORTED. MISS KAREN. ANYTHING THAT YOU'D LIKE TO HIGHLIGHT OR COLLEAGUES QUESTIONS ON THIS ONE? SURE. WE HAVE NINE ITEMS THIS MORNING. THE ONLY. ALL OF THEM ARE FAIRLY STANDARD IN NATURE OR ROUTINE. NUMBER SIX, I'LL JUST HIGHLIGHT. WE ARE INCREASING THE WEST MICHIGAN JANITORIAL CONTRACT TO ACCOMMODATE THE MARTIN LUTHER KING COMMUNITY CENTER. SO THAT'S THE ONLY. OKAY. THANK YOU SO MUCH. ALL RIGHT. ALL THOSE IN FAVOR? AYE.
[8. Ordinance amending Section 1 of the Budget Ordinance 2026-11 for Fiscal Year 2027 (Amendment No. 02)]
ANY OPPOSED? ITEM CARRIES. ITEM NUMBER EIGHT IS THE ORDINANCE AMENDING SECTION ONE OF THE BUDGET ORDINANCE FOR 2026-11 FOR FISCAL YEAR 2026. AMENDMENT NUMBER TWO, A MOTION. SO MOVED.SUPPORT. MOVED IN SUPPORT OF MISS KLAREN. OKAY. WE HAVE A LOT OF GRANTS THIS MORNING. SO WITH PUBLIC WORKS DEPARTMENT WE HAVE THE NEXT CYCLE MICHIGAN GRANT THROUGH EGLE. THAT'S A JUST $10,000. NEXT ONE ENGINEERING DEPARTMENT IMPROVEMENTS TO GRAND RIVER FROM FULTON STREET TO I. 196 PART OF THE GRAND RIVER REVITALIZATION. THAT'S 12.9 MILLION RIGHT THERE. PICKLEBALL CLUB, PARKS AND REC. WE HAVE THE PICKLEBALL CLUB DONATION FOR BELMONT. I BELIEVE THAT WAS 36,000 IN THE PARKS CAPITAL FUND FIRE DEPARTMENT. WE HAVE A FEMA HAZARD MITIGATION MITIGATION PLANNING GRANT, 150 000. THEN WE GO BACK TO THE PARKS DEPARTMENT. THE SUPPLEMENTAL FUNDING FOR CAPITAL IMPROVEMENTS TO LINCOLN PARK. THAT'S 55,000 IN THE PARKS CAPITAL IMPROVEMENT FUND. I BELIEVE WE ARE. PULLING FROM THE PARKS OPERATING FUND. SO YOU'LL SEE A CORRESPONDING FUND FUND BALANCE DECREASE IN THEIR OPERATING FUND FOR THE FLEET DEPARTMENT. WE DO HAVE THIS ANNUAL CARRY FORWARD REQUEST.
IT'S PURCHASES THAT WERE IN FLIGHT AT THE END OF THE FISCAL YEAR THAT DIDN'T GET ALL THE WAY OVER THE LINE. SO WE ROLL FORWARD THAT BUDGET TO COMPLETE VARIOUS PURCHASES IN OUR FLEET DEPARTMENT. THAT'S NUMBER SIX. NUMBER SEVEN, SUPPORT FOR SOUTHTOWN ARTS AND CULTURE INITIATIVE WITH THIRD WARD EQUITY FUND ALLOCATION. SO THIS IS CARRY OVER FROM BUDGET DISCUSSION AS FAR AS ALLOCATING THOSE THIRD WARD EQUITY INVESTMENTS. IT'S 2000 RIGHT NOW. WE'RE HANDLING TODAY. NUMBER EIGHT, THE PARKS CAPITAL BOND AND MILLAGE FUNDING REALIGNMENT. AGAIN THIS IS JUST 1.3 MILLION I BELIEVE TOWARDS THE CAPITAL IMPROVEMENT BOND.
SO WE ARE APPROPRIATING MONEY ASSOCIATED WITH THE BONDS AS WELL AS WHAT'S BEING FUNDED WITH CASH IN THE WORKS OPERATING FUND NUMBER NINE, THIS COMMUNITY DEVELOPMENT PROGRAM INCOME PUTTING TO WORK FOR THE MICHIGAN INDIGENT DEFENSE COMMISSION FUND, COMMUNITY DEVELOPMENT BLOCK GRANT FUND, HOME INVESTMENT PARTNERSHIP FUND, AND THE LEAD HAZARD CONTROL AND LEAD HAZARD REDUCTION DEMONSTRATION FUND. SO SO THERE'S THE VERY I WON'T GO THROUGH EACH APPROPRIATION, BUT VERY APPROPRIATIONS TO EACH OF THOSE. NUMBER TEN SUPPORT FOR SOUTH TOWN SORRY SOUTH PRIZE EVENT WITH THIRD WARD EQUITY FUND ALLOCATION. SO 3000 RELATED TO THAT. AND YOU'LL SEE, YOU'LL SEE A DECREASE IN GENERAL OPERATING FUND WITH AN INCREASE IN THE SOUTH TOWN CORRIDOR IMPROVEMENT DISTRICT FUND. SO WE HAD BUDGETED FOR THAT IN THE GENERAL OPERATING FUND. BUT WE'RE JUST PUSHING THAT MONEY OVER TO GET SPENT OUT OF THE OTHER FUND. SO THE ECONOMIC DEVELOPMENT DEPARTMENT, WE HAVE THE BUSINESS DISTRICT SIGNAGE FOR NORTH KOREA NORTH QUARTER. SORRY, WORDS ARE HARD THIS MORNING. NORTH CORRIDOR.
CORRIDOR CORRIDOR IMPROVEMENT AUTHORITY CIA THE THE ECONOMIC BUSINESS DISTRICTS 150,000 BEING APPROPRIATED THERE PUTTING SOME OF THAT FUND BALANCE TO WORK IN THAT FUND.
NUMBER 12 THE FOUNDATION GRANT AND MATCHING FUNDS FOR THE WOOD CHIPPER PROCUREMENT. THIS IS A
[00:10:03]
335,000 BEING APPROPRIATED IN THE OTHER GRANTS FUND. THIS MONEY IS BEING TRANSFERRED IN FROM THE REVENUE REFUSE FUND, APPROPRIATED 590,000 FROM THEIR FUND BALANCE, AND ALSO TRANSFERRING THE MATCH OF 50,000 FROM THE PARKS OPERATING FUND. WE HAVE A CONTINGENT BALANCE OF 1.5 MILLION. SO THAT WAS A LOT. THANK YOU SO MUCH. THANK YOU FOR OVERVIEWING THAT COLLEAGUES. ANY QUESTIONS? YES. COMMENT. MISS KAREN, THANK YOU SO MUCH FOR REVIEWING ALL OF THOSE. YOU HAD A WORDY. IT WAS A LOT OF WORDS. SO I GET IT. AND I JUST WANTED TO HIGHLIGHT A FEW. I'M VERY EXCITED TO SEE SOME OF THE THIRD WARD EQUITY FUNDS THAT WE ALLOCATED ROLLING OUT. I THINK IT'S EXCITING TO NOW BE ABLE TO SHARE THAT WITH THE PUBLIC, ESPECIALLY NOT A PART. WELL, YES, A PART OF THE THIRD WARD EQUITY FUND, THE SOUTH PRIZE. I'M EXCITED ABOUT THAT. I RAISED CONCERNS LAST YEAR THAT OUR PRIZE WAS NOT REACHING DOWN INTO THE THIRD WARD, AND I'M REALLY EXCITED AND THANKFUL FOR OUR CITY STAFF AND THE FOLKS AT SOUTH TOWN FOR WORKING TO MAKE THIS HAPPEN. SO I THINK IT'S NICE TO BE ABLE TO SEE YOUR, YOU KNOW, YOUR TAX DOLLARS AND YOUR MONEY IN ACTION. AND THIS IS JUST A GREAT WAY TO SHOWCASE THAT. AND IF FOLKS MAYBE AREN'T THE MOST LOVING OF ART AND CULTURE, MY HOPE IS ALSO THAT THIS SOUTH PRIZE ALSO HELPS OUR LOCAL BUSINESSES IN THE SOUTH SIDE AS WELL, JUST AS OUR DOWNTOWN CORRIDORS ARE HELPED BY ARTPRIZE BEING ALL OVER DOWNTOWN. SO A GREAT WAY TO SEE OUR DOLLARS IN ACTION. SO THANKS FOR REVIEWING THAT. THANK YOU. I'LL, I'LL JUST SECOND THAT. EVEN THOUGH, YOU KNOW, I THINK THIS IS WHERE THINGS LIKE THE THIRD WARD EQUITY EQUITY FUND, JUST BECAUSE I'M NOT A THIRD WARD COMMISSIONER DOESN'T MEAN THAT I DON'T CARE ABOUT IT. I KNOW THAT DOING THIS SOUTH PRIZE ENGAGEMENT WAS SOMETHING THAT PAST COMMISSIONER LANIER REALLY WORKED ON. THEY WEREN'T ABLE TO GET IT DONE LAST YEAR, BUT IT WAS SOMETHING THAT THEY YOU KNOW, WHEN WE WERE IN DIFFERENT PARKS AND HOW DO WE BRING IT TO THE SOUTH SIDE? SO I'M REALLY GLAD THAT IT'S IT'S COMING AND IT'S GOING TO BE EXCITING. AND YEAH, JUST ANOTHER GOOD REMINDER OF LIKE, WHY, JUST BECAUSE IF YOU'RE IN ONE AREA, YOU CAN SUPPORT ALL THESE OTHER AREAS AND UNDERSTAND HOW WE ARE ALL CONNECTED. SO I LOOK FORWARD TO JOINING YOU ONE DAY. YEAH. WHEN YOU'RE NOT COOKING FOR US OR SOMETHING, YOU CAN COOK FIRST AND THEN GO, OKAY, SOUNDS GOOD. ALL RIGHT. YOU HEARD IT HERE. IT'S IT'S CONNECTED. IT'S COMING. THANK YOU FOR THAT, COMMISSIONER. DID YOU HAVE ANY QUESTIONS ON ANYTHING, MISS CLAIRE? WELL, THANK YOU. I JUST, YOU KNOW, WOULD LIKE TO ALSO HIGHLIGHT THAT THIS GREAT TO SEE THE PARKS FUNDING AND THE PARKS MILLAGE AND THE IMPROVEMENTS TO LIKE LINCOLN PARK AND ALL. AND I KNOW THEY'RE GOING TO BE WORKING ON ROOSEVELT PARK AND OTHER THINGS. SO THANK YOU FOR HIGHLIGHTING ALL THOSE. AND YEAH, THANK YOU FOR RUNNING IT THROUGH FOR PEOPLE WHO MIGHT WANT TO PAY ATTENTION. THANK YOU. I'M GOING TO CALL THE QUESTION. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. NEXT. ALL OF OUR BUSINESS IS[9. Comptroller's Warrant Report for the period of July 28, 2026 through August 10, 2026 in the amount of $189,200,114.64]
DONE. BUT I'M GOING TO TURN IT OVER TO ITEM NUMBER NINE, WHICH IS THE COMPTROLLER'S REPORT FOR THE PERIOD OF JULY 28TH, 2026 THROUGH AUGUST 10TH, 2026 IN THE AMOUNT OF 189,000, I'M SORRY, $189,200,114.64. MR. COMPTROLLER. GOOD MORNING, COMMISSIONERS. MORNING. SO FOR THE PERIOD REFERENCE, APPROXIMATELY $189 MILLION WAS RELEASED. THAT AMOUNT INCLUDES JUST UNDER $6.5 MILLION FOR EMPLOYEE PAYROLL EXPENSE AND APPROXIMATELY $291,000 FOR INCOME TAX WARRANTS. IN TERMS OF QUANTITY, 608 INCOME TAX REFUNDS WERE ISSUED AND 1151 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 CITY CHARTER. I DID NOTE IN THE MEMO THE APPLICABLE SECTION OF THE CITY CHARTER THAT DOES ASSIGN PAYMENT ISSUANCE RESPONSIBILITY TO THE CITY CONTROLLER, AND I'VE ALSO NOTED THAT THE FISCAL SERVICES DEPARTMENT DOES NOT HAVE AUTHORITY TO ISSUE PAYMENTS OR HAVE PERMISSION TO SIGN AND PLACE MY SIGNATURE ON CHECKS. AND AS ALWAYS, THE THE DETAILED INFORMATION ON THESE CHECKS AND PAYMENTS IS ALSO INCLUDED IN THE REPORT, AND THAT IS THE ONLY REPORT THAT WE HAVE THIS MORNING. THANK YOU. THAT REPORT IS RECEIVED AND FILED. LET'S GO TO THE[10. Treasurer's Report for the Period of July 29, 2026, through August 11, 2026]
TREASURER'S REPORT ITEM NUMBER TEN FOR THE PERIOD OF JULY 29TH, 2026 THROUGH AUGUST 11TH, 2026.MR. TREASURER, GOOD MORNING COMMISSIONERS, I GET TO LIKE ALWAYS, I GET TO TAKE US HOME, BRING US INTO THE END OF THIS FISCAL COMMITTEE MEETING WITH OUR REPORT FOR THE REPORT TODAY.
OUR INTEREST RATES ARE STILL HOLDING AT 3.5 TO 3.75%, WITH THE FED THE LATEST JOBS REPORT BEING A -23 000 JOBS IN JULY REALLY KIND OF HAS NOW ERASED SOME OF THAT PRESSURE TO
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INCREASE RATES. SO WE'RE REALLY LOOKING AT THE PROBABILITY IS KIND OF 5050 RIGHT NOW. AGAIN, IT'S GOING TO CHANGE DEPENDING ON WHAT THE NEXT SET OF ECONOMIC DATA COMES OUT IS, I'M SURE, AS TO WHERE THE THE THOUGHTS AND FEELINGS OF THE FED COMMISSIONERS ARE, AS WE STILL ARE, ARE WORKING WITH THE BRAND NEW FED CHAIR. AND REALLY, WE'RE STILL WAITING TO HEAR MORE INFORMATION OF THE DIRECTION, ALTHOUGH HE HAS SAID HE'S NOT GOING TO GIVE A WHOLE LOT OF INFORMATION. SO WE TEND TO HANG ON EVERY WORD THAT HE SAYS, WHETHER IT'S GIVING A PRESENTATION TO DIFFERENT GROUPS OR WHETHER HE'S ISSUING OFFICIAL STATEMENTS FROM THE FED. SOME OF THE THINGS THAT I PUT IN OUR REPORT TODAY WERE LOOKING AT CONSUMER PRICES ARE STILL UP 3.4%. WE SEE THAT OURSELVES AS WE WATCH GAS DROP DOWN TO 390, THEN BUMP BACK UP TO 439 A GALLON. AND WE'RE STILL SEEING THAT PRESSURE ALL AROUND US. BUT SOME OF THE THINGS I JUST DID A NEW TYPE OF TABLE FOR YOU TO SAY, HERE'S FIVE DIFFERENT AREAS THAT WOULD BE IMPACTED IN TERMS OF THE CITY BUDGET AND CITY SPENDING AND KIND OF THINGS THAT WE SHOULD MAYBE BE LOOKING AT. AND I WANT TO POINT OUT ONE WHERE WE TALK ABOUT FLEET AND UTILITIES, AND I'M NOT CALLING OUT FLEET AS A DEPARTMENT. I'M CALLING OUT MY OWN PERSONAL CONTRACT AND THE TREASURER'S OFFICE WITH OUR COURIER SYSTEM. THEY HAVE ESCALATOR CLAUSES BUILT INTO THE CONTRACT THAT, DEPENDING ON THE PRICE OF FUEL, WILL ESCALATE THE PRICE I HAVE TO PAY EACH MONTH FOR THOSE TYPES OF SERVICES. THOSE ARE THE TYPES OF THINGS THAT ARE EMBEDDED IN SOME OF OUR CONTRACTS THAT WE REALLY SHOULD REALLY PAY ATTENTION TO THAT, BECAUSE THAT THAT TYPE OF THING IS GOING TO CATCH US BY SURPRISE WHEN ALL OF A SUDDEN WE SEE THE BILL, AND HERE'S ANOTHER 5 OR 7 OR 10% ADDED JUST FOR FUEL SURCHARGE. SO THOSE ARE THE KIND OF THINGS THAT CREEP INTO CONTRACTS THAT WE WANT TO BE AWARE OF. AND SO THAT'S KIND OF WHY I POINT THIS OUT, IS THE THINGS THAT WE AS AN ORGANIZATION SHOULD BE LOOKING AT. INVESTMENTS RIGHT NOW ARE DOING REALLY WELL STILL AT THE THREE AND A HALF TO 3.75% WITH THE FED RATE MEANS THAT WE'RE STILL INVESTING OUR MONEY AT GREAT RATES. WE DO HAVE $721 MILLION RIGHT NOW, BUT I DO WANT TO POINT OUT 50 MILLION OF THAT IS FIDUCIARY TAX MONEY THAT WE SEND OUT THE DOOR. SO REALLY, WITH THE COMPTROLLER'S REPORT TODAY, HIS ISSUANCE OF $189 MILLION, 157 HAPPENED TO BE PROPERTY TAX DISBURSEMENTS. AND WE'LL SEE ANOTHER 35 MILLION THAT WE'VE DISBURSED JUST YESTERDAY. AND SO THAT WILL SHOW UP IN A FUTURE REPORT. BUT WE'RE GETTING THE MONEY OUT THE DOOR AS BY STATE LAW TO THE LOCAL TAXING AUTHORITIES. BUT I REALLY HAVE TO CALL IT GRAND RAPIDS BECAUSE WE ARE REALLY A BLESSED COMMUNITY WHEN IT REALLY COMES TO PEOPLE'S RESPONSIBILITY TO PAY THEIR PROPERTY TAXES AND PAY THEM ON TIME, AND THE BUSINESSES THAT ARE PAYING THEIR TAXES. AS OF LAST WEEK, FRIDAY, WE WERE 94% COLLECTED IN OUR SUMMER TAX CYCLE. SO THAT IS HUGE. THAT IS HUGE FOR US THAT WE HAVE A RESPONSE FROM OUR OUR COMMUNITY AND OUR TAXPAYERS TO, TO PAY THAT MONEY ON TIME AND GET IT TO US APPROPRIATELY SO WE CAN GET THE MONEY BACK OUT TO THE LOCAL TAXING AUTHORITIES. SO NOW WE'RE READY FOR GRANTS, PUBLIC SCHOOLS TO OPEN UP AND ALL THE THE SIX OTHER SCHOOL DISTRICTS THAT WE COLLECT TAXES FOR, THEY'RE GETTING THEIR FUNDS AS THEY GET READY TO START THEIR SCHOOL YEAR. SO REALLY, GRAND RAPIDS IS WE'RE BLESSED IN THIS AREA TO REALLY HAVE A TAX PAYER THAT COMES FORWARD AND GETS THOSE BILLS PAID. AND MY STAFF DOES AN INCREDIBLE JOB WORKING WITH EACH OF THEM TO TALK THEM THROUGH THE DIFFERENT TYPES OF EXEMPTIONS OR DEFERMENTS THEY MIGHT HAVE. FOR FOLKS THAT ARE SENIORS ON FIXED INCOME, THEY HAVE THE ABILITY TO PAY THEIR TAX BILL FULLY OVER THE EIGHT MONTHS WITHOUT AN INTEREST CHARGE IF THEY FALL WITHIN A SPECIFIC CATEGORY OF FOLKS. BUT WE WORK WITH ALL OF OUR PEOPLE LIKE THAT, AND WE ALSO SEND OUT A NOTICE TO EVERY TAXPAYER THAT HAS THAT RESIDENTIAL PROPERTY TO MAKE SURE THAT THEY'RE AWARE OF THOSE EXEMPTIONS EVERY YEAR.SO THOSE ARE THE KIND OF THINGS THAT WE STAY UP ON. BUT REALLY, WE'RE IN A VERY GOOD POSITION RIGHT NOW. WE'RE WAITING TO RECEIVE THE NEXT BOND MONIES THAT MISS CLARION HAS PUT OUT THERE. SO WE'RE GETTING READY TO GET MORE BOND MONIES TO START MORE PROJECTS AND HELP THE DEPARTMENTS FUND THOSE. SO THAT YOU HAVE MY REPORT FOR TODAY. THANK YOU, MR. TREASURER.
COLLEAGUES. QUESTIONS OR COMMENTS? OKAY. HEARING NONE, THAT REPORT IS ALSO RECEIVED AND FILED, AND WE WILL GO AHEAD AND ADJOURN AT
* This transcript was compiled from uncorrected Closed Captioning.