[00:00:08]
          830, AND WE'RE GOING TO GO AHEAD AND CALL THIS FISCAL COMMITTEE COMMITTEE MEETING TO 
          [1. Resolution accepting the continuation of a grant award from the Office of Highway Safety Planning (OHSP) in the amount of $25,269.57]
ORDER. GOOD MORNING EVERYONE. GOOD MORNING. SO THE FIRST ITEM TODAY IS A RESOLUTION ACCEPTING THE CONTINUATION OF A GRANT AWARD FROM THE OFFICE OF HIGHWAY SAFETY PLANNING IN THE AMOUNT OF $25,269.59. DO YOU HAVE A MOTION? SO MOVED. SUPPORT. THANK YOU. MOVED IN SUPPORT OF MR. WEIBEL. GOOD MORNING. COMMISSIONERS. THIS IS A GRANT WE RECEIVED FROM THE STATE EACH YEAR FOR TRAFFIC ENFORCEMENT. IT HELPS COVER WAGES AND EQUIPMENT. YOU'LL SEE THERE'S A LEADER OR WE HAVE TWO LEADER UNITS, WHICH IS MORE ACCURATE THAN RADAR FOR MEASURING SPEED. I WANT TO NOTE WITH THIS YEAR'S GRANT, CHIEF TRIGG RECENTLY ADDED TWO OFFICERS TO OUR TRAFFIC UNIT FOR EVENING AND NIGHTTIME ENFORCEMENT. SO THIS WILL HELP SUPPLEMENT THAT. AND AGAIN, THEY'RE FOCUSED ON SPEEDING DUI TRAFFIC INCIDENTS AS WELL. AND WHEN THE TRAFFIC UNIT RESPONDS, IT FREES UP YOUR REGULAR PATROL TO OTHER CAUSE OF SERVICE QUESTIONS. HEARING AND SEEING NONE. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. 
          [2. Resolution accepting a $12,000 grant from Voters Not Politicians Education Fund for election communications.]
THANKS. ITEM NUMBER TWO IS A RESOLUTION ACCEPTING A $12,000 GRANT FROM VOTERS, NOT POLITICIANS. EDUCATION FUND FOR ELECTION COMMUNICATIONS. SO MOVED. SUPPORT MOVED AND SUPPORTED MR. CLARK. YEAH. VOTERS, NOT POLITICIANS, OFFERED A GRANT FOR COMMUNICATIONS ABOUT ELECTIONS. AND WE'RE USING WE'RE GOING TO USE THIS GRANT FOR RADIO ADS. 
          TALKING ABOUT EARLY VOTING, SAME DAY REGISTRATION AND IMPORTANCE OF GETTING OUT TO VOTE. GREAT. THANK YOU, MR. CLARK. QUESTIONS, COLLEAGUES. YES, COMMISSIONER. COMMENT. I'M VERY EXCITED TO HEAR ABOUT THIS, MR. CLARK. I KNOW VOTER VOTERS, NOT POLITICIANS. PROBABLY 18, WAS INVOLVED IN CREATING THIS SORT OF NONPARTISAN COMMISSION TO MAKE OUR LINES MORE FAIR. I CAN'T THINK OF REDISTRICTING. REDISTRICTING. THERE WE GO. TECHNICAL TODAY, THIS MORNING. 
          BUT I'M HOPING THE PUBLIC CAN SEE THAT WE'RE ENGAGING IN CIVIC ENGAGEMENT AND VOTER OUTREACH THAT IS NONPARTIZAN AND SIMPLY UPLIFTING THEIR RIGHT TO VOTE. SO I'M VERY EXCITED TO HEAR THIS. AND IT'LL BE RADIO WAVES. YES. ALL RIGHT. COOL. AND THEY ALSO DID A COUPLE MAILERS AS WELL. BUT WHAT'S GREAT, WHAT'S GOOD ABOUT THEM IS THEY, THEY RUN IT ALL THROUGH BY ME FIRST TO MAKE SURE THAT IT'S ALL CORRECT. SO WHICH, WHICH IS GOOD BECAUSE SOME PEOPLE DON'T RUN IT BY THE CLERKS AND SEND STUFF OUT. SO I WAS GLAD THAT WE HAD SOME INPUT IN TO MAKE SURE THAT WE HAD THE CORRECT FACTUAL INFORMATION. SO AWESOME. THANK YOU, MR. CLARK. 
          I MEAN, I THINK YOU HAVE A FACE FOR TV, BUT IF THEY'RE GOING TO PUT YOU ON RADIO, I'M. I'M ON BOTH. NO YOU ARE. I'VE HEARD THERE'S BEEN A LOT OF A FEW STREAMING THINGS. YES. YOU'RE YOU'RE ALL OVER THE FACEBOOK FEEDS. BUT IT IS IT'S YOU KNOW, THERE ARE SOME OF US HAVE PEOPLE AND THEY, THEY HAD THEIR BALLOT IN AS SOON AS THEY GOT IT FROM YOU. AND THERE'S OTHERS THAT ARE WAITING TO SEE. WE HAVE A LOT OF NONPARTISAN THINGS ON OUR BALLOT. WE HAVE A NUMBER OF LOCAL BALLOT CONSIDERATIONS. AND SO I THINK WE'RE YOU KNOW, WE SAW THE DATA FROM 24, AND THEN WE HAD SOME CHANGES TO OUR POLLING LOCATIONS KNOWING THAT WE HAD EARLY VOTING AND THAT WAS QUITE SUCCESSFUL. AND WE'RE ALSO JUST IN A DIFFERENT ECONOMIC CLIMATE TOO. SO I THINK, YOU KNOW, A LOT OF TIMES WE DO THAT MONDAY MORNING QUARTERBACKING OF ALL THE THINGS THAT ARE GOING ON. BUT THE NUMBER ONE THING THAT I APPRECIATE ABOUT YOU IS THAT YOU'RE PREPARING FOR LOTS OF DIFFERENT CONTINGENCIES AND THAT VOTERS PREFERENCES WILL CHANGE. SO OUR JOB IS TO COMMUNICATE AS CLEARLY AS WE CAN. SO THANK YOU. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. THANK YOU. ITEM NUMBER THREE IS A RESOLUTION APPROVING 
          [3. Resolution approving an agreement with GHD Services Inc. (GHD Digital) for the GovStack Website solutions platform for a three (3) year term in an amount not to exceed $140,000.]
AGREEMENT WITH GHD SERVICES INCORPORATED OR GHD DIGITAL FOR THE GOV STACK WEBSITE SOLUTIONS PLATFORM FOR A THREE YEAR TERM IN THE AMOUNT NOT TO EXCEED 140,000. DO YOU HAVE A MOTION? SO MOVED. SUPPORT. MOVED AND SUPPORTED MR. GREEN. GOOD MORNING COMMISSIONERS. SO THIS IS ACTUALLY A RENEWAL. THIS WAS ORIGINALLY A RENEWAL OF OUR CURRENT WEBSITE PLATFORM THAT WE MIGRATED OVER TO LAST FISCAL YEAR. HOWEVER, DUE TO UPCOMING FEDERAL REQUIREMENTS AROUND ACCESSIBILITY ON THE WEB THAT WILL GO INTO EFFECT APRIL OF 2027, WE WERE ABLE TO ALSO SECURE WITH THEM A SUITE OF TOOLS THAT WILL HELP OUR CONTENT EDITORS ENSURE THAT THEY'RE MEETING THOSE COMPLIANCE STANDARDS FOR ACCESSIBILITY. GREAT. THANK YOU. 
          QUESTIONS I WILL JUST ADD, I KNOW OH, I'M SORRY, COMMISSIONER, DID YOU HAVE A QUESTION? OH NO. THAT'S OKAY. I JUST I APPRECIATE YOUR COMMENT. I'M GOOD. I APPRECIATE THE EFFORT TO MODERNIZE AND HAVE ACCESSIBILITY ON OUR WEBSITE. I HAPPEN TO HAVE A CHANCE TO MEET WITH THE MICHIGAN COALITION FOR THE BLIND. AND, AND THEY VERY MUCH APPRECIATE THAT KIND OF THING TO BE ABLE TO ACCESS THINGS. THANK YOU. I ALSO WANTED TO SAY, YOU KNOW, THANK YOU FOR ALWAYS TAKING THE FEEDBACK THAT WE GET FROM CONSTITUENTS. YOU KNOW, 
          [00:05:02]
OBVIOUSLY HAVING I REMEMBER I WAS LOOKING AT PRINTOUTS OF THE WEBSITE WHEN I STARTED ON COMMISSION, LIKE SOMEBODY HAD PRINTED OUT SOMETHING FROM THE WEBSITE. IT'S LIKE MAPQUEST BACK IN THE DAY. AND, AND THEN TO WHERE IT IS TODAY AND A REMINDER THAT WE HAVE THIS PLATFORM. AND THEN WE ALSO SOMETIMES HAVE OTHER SOLUTIONS ON THE WEBSITE, LIKE OTHER FORMS AND OTHER TOOLS, BECAUSE SOMETIMES PEOPLE SAY, WELL, WHY IS THIS THING DIFFERENT THAN THAT THING? AND IT'S, CAN YOU EXPLAIN THAT JUST A LITTLE BIT? BECAUSE I DO GET THAT QUESTION QUITE A BIT. SURE. SO THE, THE WEBSITE ACTUALLY SERVES, I THINK YOU CAN THINK OF AS KIND OF A HUB. AND SO AS YOU POINTED OUT, I THINK THE CITY HAS 13, 15, 20 DIFFERENT DIGITAL PLATFORMS THAT PEOPLE USE TO INTERFACE WITH IT, WHETHER THAT'S PERMITS OR REQUESTS FOR SERVICES. SO THERE'S A VARIETY OF DIFFERENT TOOLS THAT THE CITY USES. THE WEBSITE SERVES AS THE FRONT DOOR, THE ENTRYWAY INTO THAT, AND THEN WE INTEGRATE ALL THOSE OTHER TOOLS SO THAT YOU CAN GO FROM THERE TO THOSE TOOLS. SOME OF THOSE TOOLS COME WITH MORE ROBUST EDITING CAPABILITIES THAT ALLOW US TO CHANGE THE APPEARANCE AND STYLIZE IT. SOME OF THEM ARE JUST A LITTLE MORE STRAIGHTFORWARD AND JUST THE TOOL IS WHAT YOU GET. BUT AT THE END OF THE DAY, YOU SHOULD BE ABLE TO NAVIGATE TO ANYTHING FROM THE WEBSITE, AND OVER TIME, THAT SHOULD BECOME SEAMLESS AND EASIER FOR THE FOR THE CONSTITUENT TO FIND WHAT THEY'RE LOOKING FOR. GREAT. THANK YOU FOR EXPLAINING THAT. I THINK THAT, YOU KNOW, SOMETIMES WHEN PEOPLE SAY, OH, SOMETHING IS NEW, THEY MIGHT THINK A PROCESS THAT THEY USED BEFORE WAS GOING TO BE CHANGED, BUT THEY'RE SEEING IT. SO THAT'S A REALLY GOOD WAY TO THINK ABOUT IT. AND WE KIND OF WITH ELECTIONS, THERE'S A LOT OF MISINFORMATION. SO I TELL PEOPLE, IF YOU HAVE A QUESTION ABOUT THE CITY, PLEASE GO TO OUR WEBSITE. PLEASE GO TO OUR SOCIALS, BECAUSE THAT IS GOING TO BE THE VERIFIABLE INFORMATION ABOUT THE CITY. 
          DON'T GO TO GR INFORMED. SO AND I TRY EVERY NIGHT TO NOT POST ON GR INFORMED BECAUSE I'M LIKE, I JUST WANT TO SEND THE LINK TO THE CITY OF GRAND RAPIDS WEBSITE, BUT THAT'S WHERE THAT'S WHERE YOU GO AND GET YOUR INFORMATION. OKAY. ALL THOSE IN FAVOR? AYE. ANY 
          [4. Resolution authorizing the Mayor to sign certain routine program documents for activities of the Community Development and Economic Development departments for the 2027 calendar year]
OPPOSED ITEM CARRIES. THANK YOU SO MUCH. ITEM NUMBER FOUR IS A RESOLUTION AUTHORIZING THE MAYOR TO SIGN CERTAIN ROUTINE DOCUMENT ROUTINE PROGRAM DOCUMENTS FOR THE ACTIVITIES OF THE COMMUNITY DEVELOPMENT AND ECONOMIC DEVELOPMENT DEPARTMENTS FOR THE 2027 CALENDAR YEAR. SO MOVED. SUPPORT IN SUPPORT OF MR. TUCKER. GOOD MORNING. FISCAL COMMITTEE. THIS ITEM DEALS WITH THE MAYOR'S ABILITY TO SIGN ROUTINE DOCUMENTS BETWEEN COMMUNITY AND ECONOMIC DEVELOPMENT OFTEN DEALS WITH THE SUBORDINATION OF MORTGAGES, WHICH IS ALL JUST ABOUT THE POSITIONING OF THE MORTGAGES, OUR GRANT FUNDS AND SOMETIMES PROGRAMS INSIDE OF ECONOMIC DEVELOPMENT DEAL QUITE FREQUENTLY WITH CURING ISSUES WITH DEEDS, AS WELL AS WHEN WHEN A PROJECT HAS A DIFFERENT SORT OF A DIFFERENT LOAN, THEY MIGHT ASK US TO MOVE OUR THEIR OBLIGATION TO US LOWER IN THAT STACK SO THAT IN THE EVENT OF A SALE OR, OR DEFAULT, IT JUST DETERMINES WHEN WE GET PAID AND WHAT POSITION WE'RE IN, WHAT DO THEY CALL THAT? SUBORDINATION. SUBORDINATION. YEAH. THANK YOU, MR. TUCKER. YEAH. SO SMART QUESTIONS, COLLEAGUES. ALL RIGHT. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. 
          [5. Resolution Authorizing the Mayor to Execute a Memorandum of Understanding with Heart of West Michigan United Way for the Grand Rapids United Response Fund]
THANK YOU SO MUCH. ITEM NUMBER FIVE IS A RESOLUTION AUTHORIZE. I'M SORRY. IT WAS SO GOOD. I WANTED TO REPEAT IT. OH, NO. I'M SORRY. IT IS THE SAME ONE RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE A MEMORANDUM OF UNDERSTANDING FOR THE HEART OF WEST MICHIGAN. UNITED WAY FOR THE GRAND RAPIDS UNITED RESPONSE FUND. DO I HAVE A MOTION? SO MOVED. SUPPORT. 
          MOVED AND SUPPORTED. HELLO, MR. GOOD, THANKS FOR YOUR TIME TODAY. JUST WANTED TO PRESENT A LITTLE BIT. I DO HAVE A SLIDESHOW. I KNOW THIS ISN'T ON MIKE. THERE WE GO. GOOD CALL. 
          STEP NUMBER ONE MAKE SURE PEOPLE CAN HEAR YOU. JUST WANTED TO PRESENT A LITTLE BIT ON THE UNITED RESPONSE FUND AND SAY THANKS TO EVERYBODY FOR THE SUPPORT THAT WE'VE SEEN THROUGHOUT THIS PROCESS. PROVIDE A LITTLE BIT OF BACKGROUND ON WHAT IT IS AND WHAT IT PLANS TO DO. AGAIN, A PARTNERSHIP BETWEEN THE CITY AND HEART OF WEST MICHIGAN UNITED WAY. THE IDEA IS TO PROVIDE RAPID ASSISTANCE TO OUR RESIDENTS THROUGH DIFFERENT ORGANIZATIONS WITHIN GRAND RAPIDS. WE PROVIDE THAT SUPPORT AND THE INITIAL FUNDING TO THE UNITED WAY. THEY WORK WITH THEIR TRUSTED PARTNERS, WHO THEY ALREADY WORK WITH ON A DAILY AND WEEKLY BASIS, AND THEN THOSE ARE THE RECIPIENTS, AND THEN THOSE RECIPIENTS ACTUALLY GO OUT AND PROVIDE SUPPORT AND ASSISTANCE TO IMPACTED RESIDENTS. YOU CAN SEE SOME OF THE INFORMATION THERE. THEY HAVE TO BE AT LEAST 18 YEARS OLD, AND THEIR PRIMARY RESIDENCE WOULD BE WITHIN GRAND RAPIDS. AND THE BIGGEST PART OF THIS IS THE CITY IS ACTUALLY STEPPING FORWARD AND PROVIDING THE INITIAL SEED MONEY FOR THIS UNITED RESPONSE FUND IN THE AMOUNT OF $100,000 THAT'S BEEN ALLOCATED IN THE FY 27 BUDGET. I THINK THIS SHOWS A TRUE COMMITMENT AND AN UNDERSTANDING OF WHAT IT TAKES TO START PEOPLE ON THE ROAD TO RECOVERY. 
          THIS IS SOMETHING THAT IS GOING TO IDENTIFY A NICHE THAT IS NOT ALWAYS TAKEN CARE OF. YOU KNOW, THESE DISASTERS AND THESE INCIDENTS THAT DON'T RISE TO THE LEVEL OF A FULL EMERGENCY DECLARATION. WE MIGHT NOT GET FEDERAL OR STATE SUPPORT, BUT WE ARE MAKING AN EFFORT AT THE LOCAL LEVEL TO SAY, WE UNDERSTAND THAT OUR RESIDENTS ARE IMPACTED BY THESE MAYBE SMALLER INCIDENTS, BUT THEY STILL NEED OUR SUPPORT. AND SO JUST TO KIND OF GO OVER SOME OF 
          [00:10:05]
THE ROLES THAT WE HAVE, LIKE I MENTIONED, THE CITY'S PROVIDING THE INITIAL SEED MONEY. WE'RE ALSO GOING TO PARTNER WITH THEM IN TERMS OF MESSAGING AND THEN BE A PART OF A PARTNERSHIP COMMITTEE, WHICH BASICALLY WILL SAY, OKAY, THIS IS THE INCIDENT. HOW MUCH MONEY ARE WE ALLOCATING TO EACH OF THESE DIFFERENT ORGANIZATIONS? AND SO WE ACTUALLY HAVE AN ACTIVE ROLE IN THIS PROCESS OF DETERMINING WHO GETS THOSE FUNDS AND, AND WHERE THAT SUPPORT IS DEFINITELY ISSUED. AND THEN THE HEART OF WEST MICHIGAN UNITED WAY OBVIOUSLY BEING THE FIDUCIARY, DOCUMENTING EVERYTHING, TRACKING ALL OF THE DISBURSEMENTS AND THEN WORKING TOGETHER. LIKE I SAID ON A PARTNERSHIP COMMITTEE, THIS IS REALLY A COLLABORATIVE, COLLABORATIVE EFFORT. I WANT TO THANK THE CITY MANAGER. EVERYBODY UP HERE, DIFFERENT CITY OFFICES. I KNOW COUNTY'S OFFICE AND HER STAFF HAVE BEEN HEAVILY INVOLVED WITH THIS AND THE HEART OF WEST MICHIGAN UNITED WAY STAFF AS WELL. THIS REALLY SHOWS HOW THE CITY CAN COLLABORATE WITH OUR PARTNERS AND OUR STAKEHOLDERS TO REALLY NOT ONLY IDENTIFY AND ADDRESS A NEED THAT OUR RESIDENTS HAVE, BUT ACTUALLY DO SOMETHING PROACTIVE TO SUPPORT THEM IN AN INCIDENT LIKE THIS. THANK YOU SO MUCH. THANKS FOR THAT OVERVIEW. I THINK FOR THOSE THAT MIGHT BE WATCHING, CAN YOU SHARE SOME EXAMPLES? I KNOW THAT OBVIOUSLY THE COMMITTEE, IT SOUNDS LIKE THE COMMITTEE WILL MEET ITS HEART OF WEST MICHIGAN UNITED WAY AND AT LEAST ONE STAFF MEMBER. IS IT ROLLING? IS IT HOW HOW DO PEOPLE KNOW THAT THIS IS THE RIGHT, YOU KNOW, POTENTIALLY A RIGHT OPTION FOR THEM? AND HOW WOULD WE DEFINE SOMETHING THAT MIGHT NOT? BECAUSE I KNOW SOMETIMES WE'RE SORT OF WAITING FOR A DECLARATION. AND SOME OF THAT, YOU KNOW, I THINK IS DIFFERENT ON THE STATE LEVEL OF DECLARATION VERSUS FEDERAL LEVEL. AND YOU COULD PROBABLY EXPLAIN THAT VERY DIFFERENTLY. BUT COULD YOU GIVE A LITTLE SNIPPET FOR THOSE THAT MIGHT BE WATCHING? YEAH, ABSOLUTELY. WHAT I LOVE ABOUT THIS FUND IS THAT IT REALLY PUTS THE POWER INTO THE CITY AND UNITED WAY'S HANDS TO DETERMINE WHAT EVENTS ARE ELIGIBLE FOR SOMETHING THAT WOULD ACTIVATE THE FUND. SO, FOR INSTANCE, IF WE HAVE A SEVERE WEATHER EVENT IN THE SPRING AND WE MIGHT HAVE SOME URBAN FLOODING OR MAYBE SOME DAMAGE TO HOMES, IF WE IDENTIFY THAT THAT IMPACT HAS TRULY IMPACTED OUR RESIDENTS, AND WE SAY THAT RISES TO THE LEVEL OF ACTIVATING THE FUND. IT CAN BE TYPICALLY THE UNITED WAY WOULD RECOGNIZE THAT THEY'RE RECEIVING THOSE CALLS. THEY HAVE KIND OF THOSE FEEDBACK MECHANISMS IN PLACE TO SEE WHAT THAT NEED IS. BUT ALSO THE ROLE THAT THE CITY HAS IS WE CAN GO IN AND ACTIVATE THE FUND AS WELL. SO IT'S KIND OF, LIKE I SAID, THAT COLLABORATIVE EFFORT WHERE TYPICALLY IT WILL BE THE UNITED WAY BASED ON THEIR SIGNALS FROM THE COMMUNITY, BUT ALSO THE CITY CAN STEP IN AND SAY, WE ARE HEARING FROM OUR CONSTITUENTS, WE'RE REALIZING THAT THERE'S A NEED. AND THIS INCIDENT DOES SERVE AS ELIGIBLE, WHERE WE COULD ACTIVATE THE FUND. WE REALLY DIDN'T WANT TO SAY IT HAS TO BE A NATURAL DISASTER. IT HAS TO BE A HAZMAT INCIDENT. SO IT'LL BE LIKE OUR OWN LOCAL DECLARATION. AND THEN THAT WILL BE OKAY. THAT'S REALLY HELPFUL. AND THEN CAN I ASK ONE OTHER SPECIFIC QUESTION ABOUT. ABSOLUTELY. AND THIS CAN BE A FOLLOW UP TO. BUT ANY, YOU KNOW, I KNOW DURING COVID, WE HAD INDIVIDUALS, PARTICULARLY BUSINESSES WHO MIGHT HAVE RECEIVED LIKE RELIEF DOLLARS. AND THEN AT DIFFERENT TIMES, WE'RE CONCERNED ABOUT THE TAX IMPLICATIONS OF THOSE. AND OBVIOUSLY, THESE MIGHT NOT BE AT THE SAME LEVELS, BUT HAS THERE BEEN A DISCUSSION ABOUT THAT, ABOUT HOW THAT MIGHT HAVE AN IMPLICATION TO INDIVIDUALS? YEAH. SO THE IDEA IS THAT THE FUNDING THAT WE PUT INTO THIS, THE UNITED RESPONSE FUND THAT GOES THE UNITED WAY, TAKES THAT PROVIDES IT TO THE RECIPIENTS WHO ARE OTHER ORGANIZATIONS AND NGOS, RIGHT? THEN THEY PROVIDE THEIR SERVICES TO OUR RESIDENTS, RIGHT? THE ACTUAL BENEFICIARIES. SO THERE ISN'T EXACTLY NECESSARILY MONEY THAT'S BEING DEPOSITED INTO THEIR ACCOUNT. IT'S THOSE SERVICES AND THAT SUPPORT THAT THEY NEED IN THAT MOMENT. SO IT REDUCES THAT, I GUESS, WEARINESS. OKAY, THANKS FOR CLARIFYING THAT. I DID NOT UNDERSTAND THAT. COLLEAGUES. I ASKED A LOT OF QUESTIONS. QUESTIONS. YES, COMMISSIONER. 
          SO I UNDERSTAND THIS IS AN INAUGURAL THING. WE'RE GETTING STARTED. THIS IS SOMETHING THAT WE'VE TALKED ABOUT ON COMMISSION, HOW TO SUPPORT RESIDENTS. AND SO THIS IS AN INITIATIVE THAT IS REALLY IMPORTANT. AND I SEE IT'S GREAT THAT WE HAVE 100,000 IN SEED MONEY THAT WE'VE AUTHORIZED. I'M WONDERING HOW THE. AND MAYBE THESE ARE DISCUSSIONS YET TO BE HAD, BUT TO GROW THE FUND, TO BE IN CHARGE OF FUNDRAISING, I'M GUESSING UNITED WAY WOULD BE IN CHARGE OF THAT. BUT DO YOU HAVE ANY COMMENTS? CAN YOU SPEAK TO THAT A LITTLE BIT MORE? YEAH. AND I THINK YOU BRING UP A GOOD POINT. WE WANT THIS FUND TO NOT ONLY BE A ONE TIME THING, BUT WE WANT THE LONGEVITY TO BE SOMETHING THAT'S SEEN AND IMPLEMENTED. AND SO THE UNITED WAY IS TAKING THE LEAD ON HAVING EITHER ANNUAL FUNDRAISERS OR, FOR INSTANCE, IF THERE IS A DISASTER, THEY CAN USE THEIR COMMUNICATION TOOLS TO SAY, WOULD YOU LIKE TO HELP DONATE AND SUPPORT TO PROVIDE, YOU KNOW, FUNDS TO THE UNITED RESPONSE FUND? SO VERY MUCH IS A LONG TERM SOLUTION TO ADDRESS A NEED THAT OUR RESIDENTS HAVE IN THESE, YOU KNOW, ACUTE SPECIFIC INCIDENTS THAT HAPPEN IN THE CITY, NOT JUST A ONE TIME. HERE'S THE MONEY. AND WHEN IT'S GONE, IT'S GONE. WE WANT THAT TO LIVE ON. THANK YOU. AND I DO SEE IT AS PART OF OUR CLIMATE RESILIENCY. IN A WAY, IT'S THE DISASTER RELIEF KIND OF PART OF IT WHEN WE CAN'T PREVENT. AND THEN, YOU KNOW, THE OTHER PARTS OF OUR DEPARTMENTS CAN WORK ON HOPEFULLY PREVENTING DISASTERS. ABSOLUTELY. GREAT. THANK YOU. ALL RIGHT. I WILL CALL THE 
          [00:15:04]
QUESTION. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. THANK YOU SO MUCH. THANK YOU. 
          [6. Resolution authorizing an amendment to the Healthy Homes Coalition Lead Awareness Education and Filter Distribution Campaign Contract for an amount not to exceed $225,000]
THANKS FOR THE PRESENTATION. ITEM NUMBER SIX IS A RESOLUTION AUTHORIZING AN AMENDMENT TO THE HEALTHY HOMES COALITION LED AWARENESS, EDUCATION AND FILTER DISTRIBUTION CAMPAIGN CONTRACT FOR AN AMOUNT NOT TO EXCEED $225,000 TO HAVE A MOTION SO MOVED SUPPORT AND SUPPORTED. 
          MR. JERNBERG. GOOD MORNING COMMISSIONERS. THE ITEM THAT YOU HAVE IN FRONT OF YOU IS ESSENTIALLY, I DON'T WANT TO SAY IT'S AN EXTENSION, BUT BACK IN THE PARTICIPATORY, PARTICIPATORY BUDGET PROCESS OF A FEW YEARS AGO, THE THIRD WARD AUTHORIZED $500,000 TO GO TOWARDS LEAD SERVICE LINE OUTREACH INITIATIVES AND PROGRAMING. WE ARE NOW ENDING COMING TO THE END OF THAT CYCLE OF FUNDING, WHICH IS SCHEDULED TO EXPIRE AT THE END OF THIS CALENDAR YEAR, AND WE ARE NOW LOOKING AT TRYING TO EXTEND THE CONTRACT. AND THAT'S WHAT YOU HAVE IN FRONT OF YOU TODAY. FOR THE SECOND HALF OF THE FISCAL YEAR, THE WATER SYSTEM IS LOOKING AT EXTENDING THIS FUNDING IN FUTURE FISCAL YEARS, SUBJECT TO FUTURE APPROVAL. THE SERVICES THAT WE'VE BEEN CONTRACTING WITH IS HEALTHY HOMES COALITION, WHICH HAS BEEN A GREAT PARTNER NOT ONLY DURING THIS PROCESS, BUT GOING BACK EVEN INTO THE EARLY LEAD SERVICE LINE, REPLACEMENT DAYS THROUGH CSO PROJECTS AND THINGS LIKE THAT. PAUL HAHN AND OTHERS WE DO HAVE ON HERE FROM HEALTHY HOMES, IF THERE ARE ANY ADDITIONAL QUESTIONS, BUT IT'S BEEN A GREAT PROCESS AND SERVICE IN TERMS OF THE OUTREACH THAT THEY DO, IN TERMS OF ALSO DISTRIBUTING LEAD FILTERS OR LEAD PITCHER FILTERS, AS WELL AS IN-HOME LEAD AWARENESS KITS TO HELP EDUCATE. THERE'S ANOTHER ITEM AT CAL LATER TODAY THAT WE'LL TALK ABOUT, BUT THIS IS A GREAT PARTNERSHIP THAT WE'VE HAD, AND WE REALLY APPRECIATE THE THINGS THAT HEALTHY HOMES HAS DONE FOR US. GREAT. THANK YOU SO MUCH, COLLEAGUES. QUESTIONS. I'M GOING TO ADD ONE OTHER THING TO THIS. WE FOCUSED ON THE THIRD WARD WITH THIS INITIAL FUNDING. 
          AS WE GO FORWARD, THIS IS GOING TO BE ALL THREE WARDS. THANK YOU. DID YOU HAVE A COMMENT, COMMISSIONER? NO. OKAY. I WASN'T I WASN'T QUITE READY EARLIER. I WOULD TOTALLY AGREE. 
          I THINK THAT'S WHAT THE CITY YOU KNOW WE KIND OF LOOK AT WHAT IS OUR INFRASTRUCTURE. AND WE ALSO KNOW THAT A DOOR LIKE HEALTHY HOMES COALITION IS SO TRUSTED KNOWLEDGEABLE. AND SO THANKS SO MUCH FOR THE WORK THAT YOU ALL DO IN OUR COMMUNITY. YOU USED TO WORK DOWN THE STREET FROM HEALTHY HOMES AT THE SOURCE, AND JUST PEOPLE TRUST THEM. AND SO THAT'S, WE JUST WANT IT. WE WANT THE INFORMATION AND THESE THINGS TO OCCUR. AND SOMETIMES WE MIGHT NOT BE THE BEST CONDUIT. SO. WELL, I WILL ADD TO THAT, COMMISSIONER, THAT, YOU KNOW, HAVING BEEN THROUGH THIS PROCESS NOW, WHAT ARE WE COMING UP ON EIGHT YEARS THAT WE'VE BEEN OUT DOING THESE LEAD SERVICE LINE REPLACEMENTS IN THE COMMUNITY, THE THE TRUST THAT THE COMMUNITY HAS WITH HEALTHY HOMES, THE SERVICES THAT THEY PROVIDE, THE TABLING EVENTS THAT THEY HAVE, THE OUTREACH THAT THEY GO AND THEY ARE VERY PROACTIVE IN DOING. 
          THERE ARE CERTAIN THINGS THAT, YOU KNOW, RESIDENTS DON'T NECESSARILY TRUST GOVERNMENT, BUT WHEN THEY SEE HEALTHY HOMES COME THROUGH, THERE IS A LEVEL OF TRUST THERE. SO THANKS FOR THE PARTNERSHIP AND THANKS FOR YOUR TRUST IN US TO WORK TOGETHER. ALL RIGHT. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. THANK YOU SO MUCH, WAYNE. ITEM NUMBER SEVEN IS A 
          [7. Resolution authorizing a Budget Substitution for the North Primary Control Substation Replacement at the Water Resource Recovery Facility in the amount of $541,755]
RESOLUTION AUTHORIZING A BUDGET SUBSTITUTION FOR THE NORTH PRIMARY CONTROL SUBSTATION REPLACEMENT AT THE WATER RESOURCE RECOVERY FACILITY. IN AMOUNT IN THE AMOUNT OF $541,755. MR. SO MOVED. SUPPORT. THANK YOU. GOOD MORNING COMMISSIONERS. GOOD MORNING. SO THE INITIAL CAPITAL BUDGET WAS PREPARED USING THE ENGINEER'S ESTIMATE. AND THE LOW BID CAME BACK ABOVE THAT ESTIMATE. THIS BUDGET SUBSTITUTION WOULD FULFILL THE OVERAGE AMOUNT OF THAT AND NOT HAVE ANY IMPACT TO OUR BUDGET. WONDERFUL. GREAT. THANK YOU. HEARING AND SEEING. 
          NO QUESTIONS. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. NEXT IS NUMBER EIGHT. 
          [8. Resolution authorizing a Budget Substitution of $587,200 for Eastern Railroad to Ann Grand River Trails East]
THANKS SO MUCH. IS A RESOLUTION AUTHORIZING A BUDGET SUBSTITUTION. THE AMOUNT OF $587,200 FOR EASTERN RAILROAD TO. AND GRAND RIVER TRAILS EAST OF A MOTION SO MOVED, SUPPORT MOVED AND SUPPORTED MISS IRVING. GOOD MORNING EVERYONE. SO THIS PROJECT WAS AWARDED TO WIELAND AND HAS SEVERAL GRANTS ON IT, INCLUDING GREENWAY AND DNR TRUST FUND AND WEST MICHIGAN TRAILS. THIS SUBSTITUTION IS TO MOVE APPROPRIATE LOCAL MATCH DOLLARS SO THAT WE CAN MOVE FORWARD AND APPROPRIATE THE APPROPRIATE. THE DNR GRANT AND THOSE DOLLARS WERE IDENTIFIED THROUGH BUDGET SAVINGS ON OTHER PROJECTS. THANKS SO MUCH FOR THAT EXPLANATION. ALL THOSE IN FAVOR? AYE. ANY OPPOSED ITEM CARRIES. THANKS SO MUCH. THANK YOU. GOTTA MAKE UP SOME TIME 
          [9. Resolution authorizing a Budget Substitution in the amount of $3,400,000 for the Godfrey – Market to Oxford project]
HERE. SO THANK YOU FOR. YOU'RE RIGHT ON IT. ITEM NUMBER NINE IS A RESOLUTION AUTHORIZING A BUDGET SUBSTITUTION. THE AMOUNT OF 3.4 MILLION FOR THE GODFREY TO MARKET TO OXFORD PROJECT. WE 
          [00:20:04]
HAVE A MOTION SO MOVED SUPPORT. MR. JERNBERG, I DON'T KNOW WHY. I THINK IT JUST DEPENDS. RIGHT. 
          WHEN IT GETS PUT IN. AND SO THEY'RE JUST MAKING YOU DANCE A LITTLE BIT TODAY. I. DID. WE SUPPORT FOOD AND SUPPORT. THERE WE GO. SORRY. DOUBLE COVERED WING. GO AHEAD. YEAH. SO THE CITY, THE WATER AND ENVIRONMENTAL SERVICES HAVE BEEN PLANNING TO DO SIGNIFICANT UTILITY WORK AND RECONSTRUCTION WORK WITH THE CITY ENGINEERING DEPARTMENT FOR SOME TIME ON THE GODFREY AVENUE CORRIDOR. THIS PARTICULAR ITEM THAT YOU HAVE IN FRONT OF YOU IS TAKING SOME PREVIOUSLY UNSPENT AND BUDGETED MONEY. IT'S BASICALLY JUST REORGANIZING. IT IS REALLY WHAT THIS IS TO PLAN FOR A PROJECT THAT I BELIEVE IS 2028 CONSTRUCTION. OKAY. THANKS SO MUCH. ALL RIGHT. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. ITEM NUMBER TEN IS A 
          [10. Salary Ordinance amending the Appendix A Wage Scale for Emergency Communications Operators, Grievance Settlement #26-42]
SALARY ORDINANCE AMENDING THE APPENDIX A WAGE SCALE FOR EMERGENCY COMMUNICATION OPERATORS. AND THIS IS REGARDING GRIEVANCE SETTLEMENT NUMBER 26-42. DO WE HAVE A MOTION? SO MOVED. SUPPORT MOVED AND SUPPORTED MISS CLOUD. GOOD MORNING COMMISSIONERS. SO I'M HERE TO ASK FOR YOUR RECOMMENDATION ON A SALARY ORDINANCE. IT SETTLES THE GRIEVANCE BETWEEN OUR EMERGENCY COMMUNICATIONS OPERATORS AND REALIGNS JUST ONE STEP OF THEIR PAY SCALE. THIS IS HISTORICAL ALL THE WAY BACK TO 2012. AND AS WE'VE COME OVER THE YEARS, WE'RE AT A POINT WHERE WE NOW NEED TO CORRECT THIS. IT'S JUST FOR THE ECHO THREE'S TOP STEP, AND IT ONLY IMPACTS TWO EMPLOYEES AT THIS POINT. IT'S MOVING FROM 4052 AN HOUR TO 4133, WHICH IS ABOUT 4000 A YEAR PER EMPLOYEE. SO A VERY MINIMAL AMOUNT, BUT SOMETHING THAT JUST NEEDS TO BE CORRECTED OVER TIME. THANK YOU. QUESTIONS, COLLEAGUES ON THIS ONE. ALL RIGHT. ALL THOSE IN FAVOR. AYE. ANY OPPOSED ITEM CARRIES. THANKS SO MUCH. AND ITEM NUMBER 
          [11. Ordinance amending Section 1 of the Budget Ordinance 2026-11 for Fiscal Year 2027 (Amendment No. 04)]
11 IS AN ORDINANCE AMENDING SECTION ONE OF THE BUDGET ORDINANCE 2026-11 FOR FISCAL YEAR 2027. AMENDMENT NUMBER FOUR TO A MOTION. SO MOVED. SUPPORT MOVED AND SUPPORTED. 
          MISS CLAIRE. OKAY. GOOD MORNING COMMISSIONERS. OUR FIRST ITEM IS FROM OUR COMMUNITY'S CHILDREN. IT'S THE CHALLENGE SCHOLARS TO COLLEGE THROUGH COLLEGE, 300,000 OF APPROPRIATIONS AND OTHER GRANTS FUNDS. NUMBER TWO, WE HAVE THE SULLIVAN FIELD IMPROVEMENTS. 
          THIS IS ACTUALLY. RECOGNIZING A CONTRIBUTION FROM FANS OF VALLEY FIELD FOR IMPROVEMENTS AT SULLIVAN FIELD. SO NEXT ONE COLLEGE IS POSSIBLE CAMPAIGN FROM OUR COMMUNITY'S CHILDREN 70,000. NUMBER FOUR AGAIN, PARKS AND REC, MICHIGAN NATIONAL NATURAL RESOURCES TRUST FUND GRANT. THIS IS FOR RIVER RIDGE. RIVER EDGE. SORRY. TALKING'S HARD RIVER EDGES TRAIL. LEONARD AND SEGMENT THREE. ANOTHER 300,000 JUST FOR ITEMS THIS MORNING OR CONTINGENCY REMAINS UNTOUCHED AT 1.5 MILLION. OKAY. THANK YOU SO MUCH, MISS CLAREN. HEARING AND SEEING. NO QUESTIONS. ALL THOSE IN FAVOR? AYE. ANY OPPOSED? ITEM CARRIES. ITEM 
          [12. Bid List Resolution for October 27, 2026]
NUMBER 12 IS THE BID LIST RESOLUTION FOR OCTOBER. OCTOBER 27TH, 2026. DO HAVE A MOTION. 
          SO MOVED. SUPPORT. MOVED AND SUPPORTED MISS CLAIRE AND ANY ITEMS THAT YOU'D LIKE TO HIGHLIGHT OR COLLEAGUES. QUESTIONS FOR THE PUBLIC. THE BID LIST STARTS ON PAGE 45. I WILL NOTE SOME OF THE LARGER ITEMS. WATER METERS ARE ALWAYS MORE EXPENSIVE, SO THAT'S A BIG TICKET ITEM. THE OTHER ONE I WILL CALL OUT IS OUR CONTRACTS FOR TEMPORARY SERVICES. YOU'LL SEE THAT AT NUMBER FIVE. THAT IS WE WE AWARD ACROSS, YOU KNOW, FOUR FIRMS IN THIS CASE, JUST IT DEPENDS ON THE TYPE OF TEMP SERVICE WE'RE LOOKING FOR. THAT'S WHY WE DON'T AWARD TO JUST ONE. SO IN TOTAL THAT ACROSS THOSE FOUR FIRMS IT'S ABOUT 4.5 MILLION. SO THANK YOU. 
          I'LL GO AHEAD AND CALL THE QUESTION. ALL THOSE IN FAVOR I ANY OPPOSED ITEM CARRIES. SO 
          [13. Comptroller's Warrant Report for the period of September 22, 2026 through October 12, 2026 in the amount of $71,680,271.61 and Small Claims Report]
THAT IS ALL OF OUR BUSINESS TODAY. COLLEAGUES. LET'S GO TO ITEM NUMBER 13 WHICH IS OUR CONTROLLER'S WARRANT REPORT FOR THE PERIOD OF SEPTEMBER 22ND, 2026 THROUGH OCTOBER 12TH, 2026, IN THE AMOUNT OF $71,680,271.61. AND THERE AND THE SMALL CLAIMS REPORT, MR. CONTROLLER. GOOD MORNING, COMMISSIONERS MORNING. FOR THE PERIOD REFERENCE CASH PAYMENTS WERE RELEASED TOTALING APPROXIMATELY $71.7 MILLION, WHICH INCLUDES JUST UNDER $12.6 MILLION FOR EMPLOYEE PAYROLL RELATED PAYMENTS AND JUST UNDER $1.3 MILLION FOR INCOME TAX WARRANTS. IN TERMS OF QUANTITY, 461 INCOME TAX REFUNDS WERE ISSUED AND 2022 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 FISCAL SERVICES DEPARTMENT DOES 
          [00:25:03]
NOT HAVE AUTHORITY TO ISSUE PAYMENTS OR PERMISSION TO ASSIGN AND PLACE MY SIGNATURE ON CHECKS AND PAYMENTS. THAT CONCLUDES THE WARRANT REPORT. THE SECOND REPORT THAT WE HAVE HERE FOR YOU THIS MORNING IS THE QUARTERLY SMALL CLAIMS REPORT FOR THE PERIOD OF JULY THROUGH SEPTEMBER OF THIS YEAR. AND THAT REPORT DETAILS A TOTAL OF 21 SMALL CLAIMS PAID OUT, TOTALING JUST OVER $53,000. AND THE DETAILS OF THOSE INDIVIDUAL CLAIMS ARE ALSO INCLUDED IN THE REPORT HERE. AND THAT CONCLUDES THE TWO REPORTS THAT I HAVE FOR YOU THIS MORNING. THANK YOU. 
          [14. Treasurer's Report for the Period of September 23, 2026, through October 12, 2026]
THAT REPORT IS RECEIVED AND FILED. ITEM NUMBER 14 IS THE TREASURER'S REPORT FOR THE PERIOD OF SEPTEMBER 23RD, 2026 OR OCTOBER 12TH, 2026. MR. TREASURER, GOOD MORNING, COMMISSIONERS, WITH THE REPORT TODAY. IT'S JUST SHOWING THAT WE'VE HAD SOME MORE ECONOMIC DATA COME THROUGH. AND ONE IS THE FACT THAT WE HAVE THE THE PRODUCER PRICES ACTUALLY WAS VERY HIGH. IT CAME IN AT 6.3%. ACTUALLY, THAT'S AS HIGH AS IT'S BEEN IN THE PAST FOUR AND A HALF YEARS. SO THIS WILL THEN EQUATE TO PRODUCERS THEN PASSING ON THOSE COSTS TO CUSTOMERS, WHICH MEANS THAT'S THE CUSTOMER BEING THE CITY AND OUR PROJECTS AND OUR GROWTH AND DEVELOPMENT IN TERMS OF LARGE PROJECTS, IN TERMS OF OUR OWN CONSTRUCTION COSTS, IN TERMS OF OUR OWN FUEL PRICES, IS GOING TO REMAIN ELEVATED AND CONTINUE TO BE PASSED THROUGH. INFLATION STILL ISN'T COMING DOWN TO THE 2% LEVEL THAT THE FED HAS ALWAYS EXPECTED IT TO BE. SO WE'RE STILL TRACKING 3.4%. WE'RE WE'RE IT'S NOT COMING DOWN AS FAST. I DON'T EXPECT THE FED TO MAKE A MOVE THIS WEEK. IN FACT, 91% OF PEOPLE SAY THEY DON'T EXPECT THE FED TO MOVE THIS WEEK. AND FRANKLY, THIS WEEK IS THE WORST WEEK TO MAKE ANY CHANGES TO THE FED BECAUSE OF WHAT'S HAPPENING NEXT TUESDAY, POSITIVE OR NEGATIVE. WITH A CHANGE IN THE FED, IT IT WILL OBVIOUSLY BE POLITICIZED, WHICH IS WHAT IT SHOULDN'T BE, BECAUSE THE FED IS AN INDEPENDENT ORGANIZATION, AND THEY'RE LOOKING AT OUR ECONOMY AND HOW WE CAN GROW AND CONTROL COSTS AND HAVE FULL EMPLOYMENT. THAT'S THEIR THEIR, THEIR, THEIR PRIMARY DIRECTIVE. 
          IT'S NOT TO BE A POLITICAL ENTITY. SO I, I'M HAPPY TO SEE THAT THE FED'S HOLDING. NOW, GRANTED, WE'RE GOING TO HAVE MORE ECONOMIC DATA COME THROUGH BEFORE WE MAKE THE NEXT FED MEETING WHERE THEY MIGHT ANNOUNCE CHANGE. IT'S EXPECTED THAT THAT COULD HAPPEN IN DECEMBER. IF WE DON'T SEE INFLATION COMING STARTING TO TREND DOWNWARD. SO THAT WOULD BE ANOTHER QUARTER POINT INCREASE. MORE THAN LIKELY THE FUEL IS OUR BIGGEST IS THE BIGGEST ISSUE. WE SEE IT AT THE PUMPS EVERY TIME WE WE DRIVE IN RIGHT. IT WAS 4441 DAY WHEN I GO UP AND THE NEXT DAY IT'S 479. IT'S, IT'S REALLY BOUNCING AROUND ENOUGH THAT PEOPLE ARE MAKING REALLY TOUGH DECISIONS ABOUT NOT ONLY THEIR FUEL, BUT ABOUT GROCERIES, ABOUT UTILITIES, ABOUT CUTTING BACK THINGS. THE, THE TEXT MESSAGE THAT I GOT WAS, DID YOU STOP HER NETFLIX ACCOUNT? YES, BECAUSE I FOUND OUT THERE WERE TWO OR I, YOU KNOW, IT'S IT. 
          PEOPLE ARE GOING TO START LOOKING AT WHAT'S HITTING THEIR BANK ACCOUNTS AND ASKING QUESTIONS. DO I REALLY NEED THIS SERVICE OR DON'T NEED THIS SERVICE? EVEN THE TREASURER DOES THAT. SO EVEN I HAGGLE ON PRICES AND LOOK TO SEE IF I CAN SAVE MONEY. BUT THAT'S WHAT WE'RE CHALLENGED TO DO, IS WE'RE CHALLENGED TO MAKE ARE WE GOING TO ARE WE GOING TO SHOP AT MEIJER OR ARE WE GOING TO SHOP AT ALDI? ARE WE GOING TO GET JUST THE REGULAR GOODS THAT I NEED TODAY AND MAKE SURE I'M EATING EVERYTHING I HAVE IN MY PANTRY OR MY FREEZER BEFORE I'M SPENDING MORE AND WE'RE GOING TO SHOP SALES? I MEAN, THAT'S JUST THE NATURE OF THE BEAST RIGHT NOW. WITH INFLATION AT 3.4%, THAT'S THAT'S EXCEEDING OUR, OUR A LOT OF OUR RESIDENTS ANNUAL INCREASES IN THEIR OWN WAGES. AND SO WHEN THAT HAPPENS, THEY'RE ACTUALLY LOSING MONEY. 
          THEY'RE SEEING THAT PAYCHECK SHRINK. AND WHEN 65% OF THE OF THE POPULATION. AND THAT'S A HISTORICAL NUMBER, 65% OF THE POPULATION LIVES CHECK BY CHECK. THAT MAKES A SIGNIFICANT, A SIGNIFICANT DIFFERENCE IN THE WAY OUR RESIDENTS SPEND THEIR MONEY AND WHETHER THEY'RE GOING TO COME DOWNTOWN FOR AN EVENT OR PAY FOR PARKING, OR TO GO OUT TO EAT. BUT WITH THE REPORT I HAVE TODAY, WE ARE WE'RE OUR OUR INVESTMENTS ARE VERY SAFE AND SECURE. WE HAVE $683 MILLION IN OUR RESERVE FUND, AND WE'RE EARNING 3.46%. AND THAT'S MY REPORT FOR TODAY. AND I I'M READY TO TEE UP OUR NEXT ONE. THANK YOU. YES. WHY DON'T YOU WE'LL GO AHEAD AND TEE UP 
          [15. Supplemental Treasurer's Report: Fiscal Year 2026 Year-End Investment Portfolio Summary (as of June 30, 2026)]
THAT SUPPLEMENT NUMBER 15 AND I'LL SAVE MY COMMENTS FOR AFTER THAT. BUT NUMBER 15, WHICH IS A SUPPLEMENTAL TREASURER'S REPORT. SO THE FIRST ONE WAS RECEIVED AND FILED. BUT FOR FISCAL YEAR 26 THIS IS THE YEAR END INVESTMENT PORTFOLIO SUMMARY. SO AS THE END OF JUNE 30TH, AT THE END OF OUR FISCAL YEAR 2026, I SEE MR. BOLT IS ALSO JOINING US. YES. AND WITH THIS, I'VE 
          [00:30:05]
ASKED MR. LEVI BOULTER, INVESTMENT OFFICER, TO PREPARE A LITTLE BIT MORE OF AN IN-DEPTH REVIEW OR LOOK AT WHAT OUR CITY INVESTMENTS ARE. AND SO THIS IS AS OF JUNE 30TH OF 2026. AND IT AND IT WILL DOVETAIL ACTUALLY WITH WHAT OUR CITY COMPTROLLER PROVIDES WITH THE CITIZEN'S GUIDE TO PUBLIC FINANCE, BECAUSE HE ALSO HAS A LINE IN THERE, OUR INTEREST EARNINGS. BUT I WANTED MR. BOLT TO GIVE YOU A LITTLE BIT MORE OF A BETTER PERSPECTIVE OF, OF WHAT WE DO AND WHERE WE'RE INVESTED AND WHAT IS THE, THE BASIS OF OUR WHOLE INVESTMENT WORK. OKAY. THANK YOU. THANK YOU, JOHN. GOOD MORNING, MADAM CHAIR AND COMMISSIONERS. THE THE CITY'S INVESTMENT PROGRAM IS GOVERNED BASICALLY BY THREE WORDS SAFETY, LIQUIDITY AND YIELD. AND THEY GO IN THAT ORDER. SAFETY OF PRINCIPAL IS OUR OVERRIDING NUMBER ONE GOAL ABOVE ALL ELSE. QUITE FRANKLY, WE'RE NOT TRYING TO RUN A HEDGE FUND. WE'RE TRYING TO RUN A CITY. AND SO THE THE REVENUES THAT ARRIVE, THE MONEY THAT IS BROUGHT IN VIA TAXES AND FEES NEEDS TO STAY THERE. AND, YOU KNOW, WE HAVE NO INTEREST IN, IN LOSING MONEY AFTER, YOU KNOW, INVESTMENTS THAT GO SOUTH. WE DO THAT PRIMARILY BY ONLY BUYING THE, THE HIGHEST QUALITY INVESTMENTS, BOTH UNDER PUBLIC ACT 20, AS WELL AS THE CITY'S INVESTMENT POLICY. I'VE DESCRIBED IT TO TO COLLEAGUES SOMETIMES AS IF I'M FOLLOWING POLICY, I'D HAVE TO REALLY TRY TO LOSE MONEY IF I WANTED TO. NOT NOT THAT THAT'S NOT POSSIBLE, OF COURSE. BUT GENERALLY SPEAKING, IF IF YOU LOOK AT HOW THE PORTFOLIO IS CONSTRUCTED, THE SINGLE LARGEST ISSUER IS THE UNITED STATES TREASURY, WITH ROUGHLY A QUARTER OF THE MONEY THAT'S AVAILABLE. AND EVEN THEN, A VARIETY OF OTHER INVESTMENTS MONEY MARKET FUNDS, LOCAL GOVERNMENT INVESTMENT POOLS, ETC. ALSO IN TURN LOOK THROUGH AND HAVE UNDERLYING TREASURY HOLDINGS AS WELL. AND THE NON TREASURY HOLDINGS WE HAVE, WE HAVE A SIGNIFICANT PORTION IN MICHIGAN MUNICIPAL BONDS THAT ARE TAXABLE. GETTING NONTAXABLE BONDS IS OF NO BENEFIT TO TAX EXEMPT ORGANIZATIONS SUCH AS THE CITY. SO WE GO AFTER THE TAXABLE. AND THE LARGEST ISSUER IS THE OF THAT IS THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY. WE DO THAT PRIMARILY FOR PURE, PURE INVESTMENT REASONS. WE REGARD THEM AS GOOD INVESTMENTS. HOWEVER, THEY DO HAVE THE BENEFICIAL KNOCK ON EFFECT OF PROMOTING AFFORDABLE HOUSING IN THE STATE, WHICH OBVIOUSLY IS A GOAL THAT WE ALL SHARE AS WELL. WHEN WE LOOK AT CREDIT RATINGS, THREE QUARTERS OF THE SECURITIES WITHIN THE PORTFOLIO ARE RATED A AND ABOVE. THE REMAINDER ARE NOT RATED. 
          THOSE ARE PRIMARILY MORTGAGE BACKED HOLDINGS ISSUED THROUGH FANNIE MAE AND FREDDIE MAC. 
          GINNIE MAE RATING AGENCIES SIMPLY DON'T RATE THEM. HOWEVER. GINNIE. MAES CARRY AN EXPLICIT FEDERAL GOVERNMENT GUARANTEE, AND FANNIE AND FREDDIE ARE BOTH, FOR LACK OF A BETTER TERM, JOINED AT THE HIP WITH THE FEDERAL GOVERNMENT ANYWAY. AND WE SAW BACK IN 2009 THE FEDERAL GOVERNMENT COME IN AND BACKSTOP SOME OF THOSE ANYWAY. HOWEVER, OVERALL MORTGAGE BACKED SECURITIES MARKETPLACE HAS BEEN CLEANED UP SIGNIFICANTLY IN THE LAST, YOU KNOW, TEN, 15 YEARS SINCE THEN. WE MANAGE LIQUIDITY SO THAT THAT DEALS WITH SAFETY, LIQUIDITY. WE MANAGE PRIMARILY BY MATCHING THE PORTFOLIO TO WHEN WE THINK THAT WE'RE GOING TO NEED THE MONEY. SO WE LOOK AT BUDGETS, YOU KNOW, PLANS OF, YOU KNOW, WHEN WE WE BELIEVE THAT THE NET EXPENDITURES ARE GOING TO OUTWEIGH THE THE NET RECEIPTS. AND THAT'S WHEN WE PLAN FOR OUR MATURITIES TO BE. 
          SO WE'LL HAVE THAT EXTRA CASH AVAILABLE WHEN NEEDED. IF THEY'RE THE SAME, NO ACTION IS REQUIRED. SO THAT'S WHY YOU SEE MATURITIES TRICKLED ALL THE WAY OUT TO TEN YEARS BASED ON FISCAL PROJECTIONS. WE ALSO KEEP A FAIR A FAIR AMOUNT IN LIQUID CASH AT ALL TIMES TO MAKE SURE THAT WE'RE ABLE TO COVER EMERGENCIES, THAT SORT OF THING. SO SAFETY, LIQUIDITY FINALLY IS YIELD. AND I, I WILL BE HONEST, YIELD IS IMPORTANT, BUT IT IS THE THIRD PRIORITY. 
          [00:35:01]
OKAY? IT MATTERS TO OUR BOTTOM LINE. IT IS THE ONLY CITY REVENUE THAT DOES NOT COME FROM A FEE OR A TAX. HOWEVER, IT TAKES THE BACK SEAT TO SAFETY AND LIQUIDITY AT ALL TIMES. 
          OKAY, HAVING SAID THAT, IF I'VE GOT A CHOICE BETWEEN TWO INVESTMENTS, ONE IS GOING TO PAY MORE THAN THE OTHER. OBVIOUSLY, I'M GOING TO GO WITH THE ONE THAT'S GOING TO BE HIGHER YIELDING, ALL ELSE BEING EQUAL, OUR INTEREST EARNINGS LAST YEAR WERE IN EXCESS OF 20 MILLION. WE DO I WE DO HAVE SOME UNREALIZED CAPITAL LOSSES IN THE PORTFOLIO OF AROUND 12.8 MILLION. MY COMMENT ON ON THOSE QUITE FRANKLY, THEY'RE NOT REAL LITERALLY IN THE WORD. IT'S UNREALIZED. A LOSS IS ONLY REALIZED IN INVESTMENTS WHEN A SECURITY IS SOLD PRIOR TO MATURITY. WITH VERY FEW EXCEPTIONS, WE HOLD OUR OUR PORTFOLIO HOLDINGS UNTIL THEY FULLY MATURE. SO THE $12.8 MILLION UNREALIZED LOSS, MOST LIKELY VERY LITTLE OF THAT WILL ACTUALLY BE REALIZED FOR THAT REASON. WHEN. ONE OTHER FACTOR WE LOOK AT IS MINIMIZING OUR OWN EXPENSES. QUITE FRANKLY, I'M PRETTY CHEAP. AND, YOU KNOW, OUR EMPHASIS IS ON RUNNING A LEAN, EFFICIENT SHOP. SO OUR EXPENSES ARE JUST UNDER FOUR BASIS FOUR HUNDREDTHS OF A PERCENT OF INVESTED ASSETS IN ORDER TO RUN THE INVESTMENT PROGRAM, WHICH IS INCREDIBLY EFFICIENT FOR THE FOR THE RESULTS WE'RE ABLE TO OBTAIN. WE. WE HEAVILY EMPHASIZE DIVERSIFICATION. WHETHER IT'S DIVERSIFICATION THROUGH SECURITY STRUCTURE, THROUGH ACCOUNT STRUCTURE, THROUGH YIELD STRUCTURE. BASICALLY, I'M CONSTANTLY TALKING TO OUR BROKER PARTNERS AND OUR BANKING PARTNERS, TRYING TO FIND NEW WAYS TO DIVERSIFY OUR RISKS. 
          THAT AND, YOU KNOW, ONE THING I DO WANT TO EMPHASIZE IS THERE IS NO SUCH THING AS A RISK FREE INVESTMENT. IT DOES NOT EXIST. THE ONLY THING THAT YOU CAN GET ARE RISKS THAT YOU'RE WILLING TO LIVE WITH. SO THE RISKS THAT WE'RE WILLING TO LIVE WITH ARE HERE. OKAY. WE HEAVILY EMPHASIZE SAFETY OF PRINCIPAL. WE HEAVILY EMPHASIZE LIQUIDITY, WE SOMEWHAT DE-EMPHASIZE YIELD. 
          THAT DOES MAKE THE PORTFOLIO SOMEWHAT VULNERABLE TO INFLATION. THAT'S ONE OF THE REASONS WHY JOHN WAS MENTIONING THAT. THE OTHER THING IS FIXED INCOME MARKETS, GENERALLY SPEAKING, ARE HEAVILY INFLUENCED BY INFLATION. ONE WAY THAT WE'RE ABLE TO HEDGE AGAINST THAT TO A CERTAIN DEGREE IS BY PURCHASING TREASURY INFLATION PROTECTED SECURITIES TO OFFSET SOME OF THAT RISK. SO AGAIN, DIVERSIFY AS MUCH AS POSSIBLE. SO THAT IS MY REPORT. I'M HAPPY TO ANSWER ANY QUESTIONS YOU HAVE. THANK YOU, MR. BOLT. GOOD. OKAY. AND YOU KNOW, THANK YOU FOR THE PRESENTATION. I THINK, YOU KNOW, THIS IS AT THE END OF THIS YEAR AND EVEN FROM TWO YEARS AGO, KIND OF JUST THE DIFFERENCES THAT YOU SAID, YOU KNOW, OBVIOUSLY DOING THE REPORT, HEARING THE TREASURER'S FEEDBACK, I THINK THAT IS CERTAINLY APPRECIATED. I THINK THOSE ARE THE THINGS PEOPLE WANT US TO THINK ABOUT, THE MACRO AND THE MICRO, RIGHT? WE NEED TO TO LOOK AT BOTH OF THOSE THINGS TOGETHER. AND SO REALLY APPRECIATE YOU, MR. TREASURER, TALKING ABOUT WHAT PEOPLE ARE TRULY FEELING AND NOT POLITICIZING THAT BECAUSE IT'S, IT'S TOO IMPORTANT TO DO THAT. IT'S, IT'S JUST TOO IMPORTANT. WE HEAR THAT WHETHER IT'S THROUGH OUR THREE ONE, ONE CALLS, THE CALLS THAT WE GET TO OUR OFFICES, THE THINGS THAT WE'RE EXPERIENCING. YOU KNOW, I PACKED MY LUNCH TODAY BECAUSE I KNOW WHAT I'VE BEEN SPENDING ON FOOD AND IT'S MORE. AND SO WE SEE ALL DIFFERENT PEOPLE MAKING THOSE CHOICES AND HEARING THIS REPORT FOR PEOPLE TO KNOW HOW WE ARE, HOW WE'RE OPERATING IN THE CITY. IT'S HIGHLY ORGANIZED, HIGHLY WELL THOUGHT OUT, STRATEGIC, AND ALSO MAKE SURE THAT WE ARE CONNECTING TO WHAT IS HAPPENING IN THE REAL WORLD. YOU KNOW, WE DON'T WE DON'T LIVE IN A BUBBLE HERE AT 300 MONROE. SO THANK YOU FOR THE REPORT. THANK YOU. YES, MR. TREASURER. WELL, COMMISSIONER, JUST THIS THIS PROGRAM HAS EVOLVED OVER THE YEARS. AND WORKING WITH MR. BOLT AND MYSELF AND HAVING THESE CONVERSATIONS AND LISTENING TO THE COMMISSION AND LISTENING TO THE PUBLIC AND REALLY LOOKING AT THE STRATEGIC PLAN AND HOW WE'RE INVESTMENTS THAT WE MADE THAT HELPS, YOU KNOW, ALL THE STATE OF MICHIGAN. IT MIGHT NOT. IT SUMS IN GRAND RAPIDS, BUT IT COVERS OUR ENTIRE STATE, WHICH 
          [00:40:03]
IS IS FANTASTIC. THE OTHER ONE IS COMMISSIONER JONES AND I AND OTHERS HAD WORKED ON DIVERSIFYING OUR BROKER DEALERS TO BE BROKER DEALERS. AND ON OUR LIST ON, ON PAGE 138, IT REPRESENTS FOUR OF OUR BROKER DEALERS THAT ARE WINNING THESE BIDS. AND SO WE'RE ALSO ABLE TO IMPACT THE GREATER ECONOMY AND THE GREATER GOOD BY DOING THAT WORK AND CALLING THAT OUT THAT WE HAVE. IT MIGHT NOT APPEAR IN A SLIDE ON YOUR NEXT PRESENTATION FROM FROM ON OUR FINANCES, BUT IT'S SOMETHING THAT WE DO AND WE ALWAYS PAY ATTENTION TO. WE JUST WE JUST DON'T HAVE AN OPPORTUNITY LIKE THIS TO THROW A FLAG UP TO SAY, HEY, THIS IS WHAT WE'RE DOING. 
          BUT I WANT TO ASSURE YOU THAT WE REALLY DO PAY ATTENTION TO THE STRATEGIC PLAN, TO THE CITY'S BUDGET, TO THE CITY'S FINANCES, AND TO THE OVERALL COMMUNITY. THANKS SO MUCH, I APPRECIATE THAT. SO THANK YOU FOR THOSE TWO REPORTS. THEY ARE RECEIVED AND FILED, AND WE WILL SEE EVERYBODY IN A FEW MINUTES FOR COMMUNITY DEVELOPMENT COMMITTEE. SO THIS MEETING IS
* This transcript was compiled from uncorrected Closed Captioning.