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All we'll call the meeting to order at 7 p.m.

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Please stand for the pledge.

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We have the additions or corrections to the agenda.

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I have none.

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All in favor.

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Consent agenda.

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Okay, your consent agenda, you have the minutes from our last meeting.

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And then you have three sets of payables that were done during March.

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And then you also have the year to date budget in there.

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The only couple of things I wanted to point out with the expenses, there is some training and travel throughout, you know, different departments, different employees.

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And then there's some annual memberships that were paid.

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They're a job.

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The golf course does have a purchase of refrigerator, ice maker.

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That's in there.

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Yeah, that's about it.

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Motion to approve consent agenda.

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All in favor.

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All right.

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Public forum.

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Do we have anybody that would like to speak through public forum?

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Public forum.

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Moving on.

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Notices and communications.

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You have a couple items from the league.

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Should have been in your envelope.

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That's all I have.

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Council reports.

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We did not meet the golf course advisory board did not meet last.

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The personnel committee, we've been, well, we'll talk about that here and all that.

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I would like to replace the windows down there.

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We have the money that we can pay for them.

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But in order to put them in, we need a construction loan of some type that can pay as we go.

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We can't get the money from HUD until the project is completed.

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So the contractor won't start the project without payment or earnest money.

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In visiting with the lenders here, they said that

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they would need collateral.

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Park road board does not own the building.

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The city of Jamesville owns the building completely free of debt.

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So at some place we need to investigate if we can use that building against the project.

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We were at EDA here the other day and discussed quite a few things briefly.

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I can't think of one big item that we really went over.

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Park board did not meet planning commission a couple weeks ago.

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There was just a lot of talk about how we could improve different methods to bring more businesses into town,

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looking for grants to potentially improve our infrastructure so that we don't have to wait for somebody to make an offer.

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We're just ready to go when they want to come in.

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So just a kind of a lot of pipe dreams and maybe some possibilities.

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What do you mean?

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What do you mean?

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All right.

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Moving on.

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I mean you have the administrator report, but that's called for assistance.

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Well, that's a typo.

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Okay, I'll give the administrator for it.

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In your packet is the March reconciliation.

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You also have the cash balance and graphs dated last Friday.

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The local board of appeal and equalization.

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That's where you've come to your county and discuss your evaluation.

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Well, that meeting for the city of James will be next Tuesday from 1 to 3 p.m. at the courthouse.

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Midco, this Thursday at the park here across the street, they're going to host an open house kind of a ceremonial first dig for their project that they're going to work on this here.

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That'll be at the park here at 2 p.m.

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The moon dogs did reach out and I asked the EDA last week, they're interested in hosting in James will night out again at the moon dogs game.

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This would be our fourth year that we've done it.

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So I'm getting some dates and stuff with them right now.

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And last but not least, the update from the coalition has some kind of first half legislative updates in there.

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If you had read through that, you can see how we're getting so much accomplished in St. Paul.

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That's all I have.

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We should approve administrative report.

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Thank you.

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All in favor?

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All right.

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Staff reports.

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Got the golf course tonight.

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The department heads.

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So official open date for the course was March 25th this year, so we've been open a few weeks.

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It's been a really good first few weeks with the weather.

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We had to close a couple days in there, so it's been awesome.

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I think we're up to 266 members right now, and we're still signing people up.

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I got about five or six in the stack right now that called in tonight and stuff like that.

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So we are well on their way to where our memberships usually are.

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A couple things we did have to do was ice maker died and our big beer cooler died.

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So both of those had to just get replaced right before we opened.

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But they're both installed, working great.

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We actually have a secondary smaller ice maker out by the bar, too, to keep up with ice.

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The last one sounds like the not keep up very well.

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It's just a tournament day.

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It's like that's a big one downstairs.

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I'm in a smaller one to try to keep up just like drinks and stuff that's right there.

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All I have.

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I have a question, you were doing memberships where people could pay like half now and half mid-year.

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How is the bookkeeping being done on that?

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Is that being, what are you charging for half now and half later?

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So there's been a couple of apps in half and half.

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Most are doing like a three payment plan.

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So they put a third down on May 31st, then we will run their credit card on May 31st

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or that next third and August 31st or down the next one.

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They give us a credit card that we keep on file in our system through the software system.

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My question comes in.

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My looking through the membership, the dollar amount is down from the previous year.

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Well, it might be hard that we don't have all the memberships that we've all sold to if you're looking at like a full year.

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I know we're probably going to sell at least another $50.

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That's my question.

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That's how it was being done.

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Yeah, so I just, I mean, as we've opened the doors, I mean, every day I'm selling memberships yet too right now.

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So I don't see that slowing down any time because some people aren't even, I mean, I've come off to the first round yet, that kind of thing.

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Leagues start next week.

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This week Thursday will do senior league and feeling, you know, those might come in and do memberships and then next week with the Men's League.

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We got 120 guys signed up for Monday Night League and 100 guys signed up for Tuesday Night League, so I have a feeling they'll be quite a few memberships with that.

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That's right.

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Coming in that they haven't gotten me that too.

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So.

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Thank you.

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Yep.

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Anything else?

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All right.

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So kind of a big thing for us.

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It really started last fall, but with some ash tree removal, we got started on that last fall.

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Kind of lost track, but I would estimate we cut down maybe 50 ash trees last fall, so we're still cleaning up some of that.

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There's still a lot of stumps out there to take care of and patch the turf in, but so that's something we're working on right now.

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Something we've been discussing with JAGA a little bit, possibly a rain shelter replacement.

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We used to have two.

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We tore one down a couple of years ago.

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It was just in rough shape, couldn't fix it.

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The one that's left is kind of in the same boat.

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It's original to the property.

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So we're discussing replacing that and hopefully we'll get some help from JAGA on that.

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We've got it in the budget this year to replace the siding on the building.

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That also is original to the building.

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Still getting bids on that.

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Hopefully they'll be coming in the next couple of weeks and we'll put together some kind of plan.

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The last thing I'd like to mention is just how good a good job Kevin's doing.

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I think he's really doing a nice job.

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Making some good changes.

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He's well received by the members.

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Very well organized, but I think he's doing a good job.

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So it's a pleasure working with him.

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Great to hear.

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Anything else?

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How much do you pay to save?

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I think it's the first time I've been in front of the council since.

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It's been hired, so I thought I had to sneak that in there.

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Are you going to replace the trees that you're taking out?

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It's kind of up for discussion, but it certainly won't be like a one for one.

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Has it opened up the course a lot?

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It has, but I would say in a beneficial way almost.

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We've discussed like replacing five trees.

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We cut down 50 and maybe we'll replace five sort of important ones.

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But yeah, it certainly won't be a one for one.

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So yeah, we're still putting a plan together on that too, but yeah, it's not the highest priority.

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I guess so.

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Yeah.

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I'll just wonder how it will come.

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I'll fill it there and check it out.

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Yeah.

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Yeah.

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That's why you can't embed it in where you wouldn't even find it.

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If you know much about the golf course, a lot of the ash trees, I don't believe we're intended

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on being there by the architect, so a lot of them won't be missed.

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That's maybe my opinion.

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Yeah.

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So, okay.

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Yeah.

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Anything else for Jacob?

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You've got the shelter and the sighting.

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I know the deck out there has just been reserved shortly or not.

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Yeah, just a few years ago.

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Yeah.

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And it seems like all these items are punched together, which is normal with a new course.

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It all wears out at the same time, but it will help with things to see space.

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Right.

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I mean, in that actually, that is our intention.

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We've kind of been plugging away at it over the last few years.

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Citing is this kind of this year's project.

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I think there's a real full look at.

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There's quite a few things we're going to have to look at over the next few years.

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Yeah.

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I think each year we'll have to pick something out.

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On a list of importance, just start replacing things.

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Yeah.

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Everything's about 30 years old right now.

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And it just, no more life left a lot of it, so.

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Very good.

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Thank you.

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So, if you look at the staff reports, the first two items tonight.

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It relates to the bond that we are taking out for the electric improvements.

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George Eilertsson from Northland was going to be here tonight.

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He's fine on coming down, but I talked to him mid-afternoon due to the weather.

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He thought it was probably better if he stayed home, so I'm going to call him.

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And he's going to kind of walk through those first couple items with us if you're okay with that.

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So, just get him on speakerphone here.

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Hello, question.

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Hello, George.

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You are on speakerphone in front of the world.

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Hey, fantastic.

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I hope the weather is okay down there.

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I was just seeing some 40 in the morning, so.

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You're here all day, right?

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So far.

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Okay, I'll get it.

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Well, thank you for the time here, and I'm here at console George Eilertsson here for Northland security.

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Sorry, he's going to be with you tonight, but sometimes weather gets in the way.

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But a couple different items on your agenda this evening.

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It highlights here, and then certainly to address any questions you may have.

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So, the first is debt management policy.

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And that's something that a lot of cities throughout Minnesota that get bond ratings are adopting.

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And that is a policy which kind of serves as a driver or kind of a policy if you will for debt consideration.

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I'm going to do some limitations on debt into structuring practices, et cetera.

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And they are in console.

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I can go through this and hit some of the highlights and then certainly address any questions.

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It is good that a community would have a debt manager policy when recently clicked in Andrea and I were on a moderate call to the standard course.

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They asked you about what policies and procedures do you have such as debt management policy and investment policy for the balanced policy, et cetera.

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And so the more of these that you have, you get another checkbox in the management score.

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But then if you've got this up on the screen, actually have you go to page two at the top that should save debt limits?

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Okay, just one second here.

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Okay.

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It's on the bottom there.

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Bottom of the first page, debt limits.

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So again, Mayor Counsel, I just hit some of the highlights here in respect to your time.

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So a few of these items that are loaded in here are right out of Minnesota State statutes.

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For example, under debt limits, under A, it's just referencing a number of the statutes that Minnesota Municipal Police issue bonds under Chapter 479 is the key statute that everything kind of starts with.

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And then you have different authority, the net, depending on what type of revenue source, what kind of project that you have.

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So the policy, here's where they want to see that you have defined some parameters.

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So for example, the debt shall not be issued for capital projects or assets would be useful in less than five years.

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Now that's typically the case for most municipalities.

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I mean, you might have some public works equipment, public safety equipment that might be close to useful life on that.

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I don't patrol or squad cars.

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Sometimes have a shorter life, but as a general practice, you want to be issuing four things that have a longer use for life than five years.

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See, you should not be funding current operations.

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So that would be an issue.

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That would be a red flag to enter any agency if you are funding.

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You need to issue debt just to get through the school for, get through the calendar year that is under D.

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This is what's called the statutory debt limit.

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You're limited to 3% of the market, overall market value within your city.

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So that's some of the starting parameters that you have in your policy.

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Debt structuring practices next.

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The term of the bond shall not exceed useful life on the asset.

236
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So for example, if we were financing a new building for public works, you know, just to pick an example.

237
00:19:50,000 --> 00:19:53,000
And that added useful life of 10 years.

238
00:19:53,000 --> 00:19:57,000
And I know that's certainly not the case, but we've seen that.

239
00:19:57,000 --> 00:20:00,000
But you had bonds that were issued for 30 years.

240
00:20:00,000 --> 00:20:10,000
I mean, that would be an example of something where you should be either matching up the useful life or shorter than the useful life of the asset.

241
00:20:10,000 --> 00:20:17,000
So just a little bit of debt structuring under D, call features.

242
00:20:17,000 --> 00:20:20,000
That's what's called the redemption feature.

243
00:20:20,000 --> 00:20:24,000
We'll make sure that we have those in the bonds that we issue with you.

244
00:20:24,000 --> 00:20:29,000
That's where you can pre-pay or refinance it if market conditions are favorable.

245
00:20:29,000 --> 00:20:34,000
Under E, you'll issue fixed rate debt, not variable debt.

246
00:20:34,000 --> 00:20:39,000
Variable rate debt would be where you're tied to an index that maybe is tied to,

247
00:20:39,000 --> 00:20:44,000
I'd say, the 10-year treasury in your fixed for five years and then a recess to the treasury market.

248
00:20:44,000 --> 00:20:51,000
There's some of you just how these typically don't issue that type of debt, the usual fixed rate bond issue,

249
00:20:51,000 --> 00:20:56,000
like you'd be considering this image.

250
00:20:56,000 --> 00:21:01,000
I'll jump ahead here a little bit, Clinton, to the next page.

251
00:21:01,000 --> 00:21:08,000
And this is, again, just a little bit more in some of the key highlights under D.

252
00:21:08,000 --> 00:21:17,000
If that's the page that we're on it talks about bond ratings that will engage at least one of the three major rating agencies

253
00:21:17,000 --> 00:21:21,000
when you have the consideration of new debt.

254
00:21:21,000 --> 00:21:28,000
Certainly, the next C bond council backs, not your city attorney, but every time we do a bond,

255
00:21:28,000 --> 00:21:33,000
there's a specialized attorney that provides an opinion that you can issue taxes and that.

256
00:21:33,000 --> 00:21:37,000
That's what bond council refers to.

257
00:21:37,000 --> 00:21:43,000
And just gives a couple of parameters for if you ever consider refunding bonds.

258
00:21:43,000 --> 00:21:50,000
We haven't had the opportunity to do refunding bonds here in the most recent several years.

259
00:21:50,000 --> 00:21:59,000
Because the market conditions haven't been favorable, but certainly that's something we keep in touch with your staff.

260
00:21:59,000 --> 00:22:07,000
Debt management practices, this is the first section talking about investment of proceeds,

261
00:22:07,000 --> 00:22:16,000
meaning that you'll want to make sure that you put that closing the bond proceeds into an interest-bearing account.

262
00:22:16,000 --> 00:22:22,000
And so that speaks to that under D is something called continuing disclosure.

263
00:22:22,000 --> 00:22:33,000
And the city engages Northland to do this 41 on that basis, continuing disclosure means that we provide financial information

264
00:22:33,000 --> 00:22:44,000
to the broader investment public so that if they ever have a question about buying city of Jamesville bonds on the secondary market

265
00:22:44,000 --> 00:22:54,000
and bonds trade just like stocks on the secondary market, so they can look up this information just to see information on the city of Jamesville.

266
00:22:54,000 --> 00:23:02,000
C is what's called arbitrage rebate. That's where you typically don't have bonds that are subject to this.

267
00:23:02,000 --> 00:23:10,000
What arbitrage rebate means, council, is that if you are borrowing at, say, 4%,

268
00:23:10,000 --> 00:23:17,000
but the investment yields in the market are such that you can earn more than 4%.

269
00:23:17,000 --> 00:23:22,000
The interest earnings above what you're borrowing at is called positive arbitrage.

270
00:23:22,000 --> 00:23:34,000
And so this, the SEC governs that you are exempt from that when you issue bonds in a calendar year less than $5 million.

271
00:23:34,000 --> 00:23:45,000
So, Jamesville has, more often than not infected, I think you've always issued bonds except for that because they'd be less than $5 million.

272
00:23:45,000 --> 00:23:48,000
But nonetheless, you want to put that in your policy.

273
00:23:48,000 --> 00:23:56,000
The bottom of that, either E talks about the city will maintain a separate post issuance compliance policy.

274
00:23:56,000 --> 00:24:04,000
Your way ahead of the curve on this newly approved post issuance compliance policy is in 2012.

275
00:24:04,000 --> 00:24:11,000
So, that was done long ago. You don't have to do that with every bond issue. You just have to do that once.

276
00:24:11,000 --> 00:24:18,000
And that's basically just saying those are policies that govern bonds after their issue.

277
00:24:18,000 --> 00:24:23,000
And, you know, how long do you keep records in place, things of that nature.

278
00:24:23,000 --> 00:24:30,000
So, the next page, printed talks about conduit debt, for example.

279
00:24:30,000 --> 00:24:39,000
Conduit debt is probably not something that you've had brought to your attention that often, although certainly it may have been done.

280
00:24:40,000 --> 00:24:50,000
And that's where 501c3 entities oftentimes it's health care related or senior housing.

281
00:24:50,000 --> 00:24:59,000
They can issue taxes and bonds under all. They have to go through municipality.

282
00:24:59,000 --> 00:25:06,000
So, that's what conduit debt is known as, is that you might issue on behalf of a 501c3 issuer.

283
00:25:06,000 --> 00:25:15,000
But it's not, it might be in your name, but it's not your debt. So, that's a little explanation on conduit debt.

284
00:25:15,000 --> 00:25:22,000
And certainly, if you as the city ever get approached by a conduit issuer.

285
00:25:22,000 --> 00:25:29,000
And, Andrea, just make sure you get in touch with us and we'll kind of guide you through that process.

286
00:25:29,000 --> 00:25:33,000
And then I'll just note one more item after closing here.

287
00:25:33,000 --> 00:25:38,000
It's the reimbursement bond summary is listed at the end of your policy.

288
00:25:38,000 --> 00:25:45,000
What reimbursement bonds mean is that, and actually this is something the city has done before,

289
00:25:45,000 --> 00:25:49,000
sometimes the timing of when you get bond proceeds.

290
00:25:49,000 --> 00:25:56,000
And when you have your first invoices presented to you on a project, don't always think about it.

291
00:25:56,000 --> 00:26:03,000
Sometimes you get invoices where you don't have your money yet, so you got to use your cash reserves.

292
00:26:03,000 --> 00:26:08,000
And so, that's really what reimbursement section is talking about where.

293
00:26:08,000 --> 00:26:19,000
If you approve a resolution, what's called a reimbursement resolution, you can pay for an expense with your fund balance, if you will.

294
00:26:19,000 --> 00:26:24,000
And then reimburse yourself at a later date with the proceeds of a tax exempt bond.

295
00:26:24,000 --> 00:26:31,000
So, if you don't have that resolution approved, you're not supposed to, you kind of don't have the opportunity to do that.

296
00:26:31,000 --> 00:26:36,000
So, it's important, and your staff come, city is very versed in this.

297
00:26:36,000 --> 00:26:41,000
We regularly talk about this as part of a new bond issuance.

298
00:26:41,000 --> 00:26:47,000
So, this is a good practice for the city or a good policy rather.

299
00:26:47,000 --> 00:26:50,000
I know I went through that rather quickly, Mayor and Council.

300
00:26:50,000 --> 00:27:01,000
But it's good to have a policy adopted, you know, just like in the past, you would have done a fund balance policy saying 18, so much are reserved or an investment policy, etc.

301
00:27:01,000 --> 00:27:04,000
This is kind of managing your debt.

302
00:27:04,000 --> 00:27:09,000
And when you have projects, we just want to make sure that we adhere to these policies.

303
00:27:09,000 --> 00:27:11,000
There's nothing too onerous in here.

304
00:27:11,000 --> 00:27:24,000
It's really just kind of making sure that you're aware of some of the statutory limitations and stating some items like that we're not going to shoot beyond useful life on the project.

305
00:27:24,000 --> 00:27:34,000
So, any questions, Mayor and Council on the policy?

306
00:27:34,000 --> 00:27:38,000
I think he covered most of it for us or anything I can think of.

307
00:27:39,000 --> 00:27:40,000
Okay, good.

308
00:27:40,000 --> 00:27:41,000
Good.

309
00:27:41,000 --> 00:27:49,000
So that, and actually, it's, we did this recent moderating call relative to the bond that you have on your agenda tonight.

310
00:27:49,000 --> 00:27:55,000
We brought up that you have this in draft form that is going to be considered as yours for 13th meeting.

311
00:27:55,000 --> 00:28:07,000
Certainly, the next time you have a project which potentially would be a serrated project in 2027, this would be a final version that we would provide to the rating agency.

312
00:28:07,000 --> 00:28:11,000
And you'd have credit for improving this policy.

313
00:28:11,000 --> 00:28:18,000
So, what I would just recommend there is that there's no resolution.

314
00:28:18,000 --> 00:28:19,000
There's no resolution.

315
00:28:19,000 --> 00:28:27,000
There's regard to some motion to approve the policy.

316
00:28:27,000 --> 00:28:29,000
All motion to approve the policy.

317
00:28:29,000 --> 00:28:30,000
Second.

318
00:28:30,000 --> 00:28:32,000
All in favor?

319
00:28:32,000 --> 00:28:33,000
All right.

320
00:28:33,000 --> 00:28:36,000
All right.

321
00:28:36,000 --> 00:28:37,000
All right.

322
00:28:37,000 --> 00:28:39,000
Thank you, Mayor and Council.

323
00:28:39,000 --> 00:28:40,000
Thank you.

324
00:28:40,000 --> 00:28:43,000
If that's okay, could I go right into the next step?

325
00:28:43,000 --> 00:28:48,000
Yes, I have the bond sale summary and I printed that out and gave them a copy of it.

326
00:28:48,000 --> 00:28:51,000
I also have it on the big screen.

327
00:28:51,000 --> 00:28:52,000
Okay.

328
00:28:52,000 --> 00:28:53,000
Okay.

329
00:28:53,000 --> 00:28:56,000
Before I do that, I thought I would just touch briefly.

330
00:28:56,000 --> 00:28:58,000
And we don't even have to pull this up.

331
00:28:58,000 --> 00:29:00,000
I'll just refer to this.

332
00:29:01,000 --> 00:29:13,000
As part of issuing the bonds that worked with Clinton and Andrea on the assignment of a bond rating for the city, this city has recently been rated A plus.

333
00:29:13,000 --> 00:29:18,000
And that's been with the rating agency standard courses.

334
00:29:18,000 --> 00:29:29,000
And so the outcome of the rating, we, well, first of all, they provided questions to Clinton and Andrea and I, and they provided a lot of background information.

335
00:29:30,000 --> 00:29:32,000
Ahead of the call.

336
00:29:32,000 --> 00:29:42,000
And so the outcome of the rating process was that they are thumbed to the city's A plus rating.

337
00:29:42,000 --> 00:29:47,000
But then usually it's an A plus with a state of outlook.

338
00:29:47,000 --> 00:29:52,000
In this regard, and also they assigned an A plus with an negative outlook.

339
00:29:53,000 --> 00:29:56,000
I'll give a little positive twist to this.

340
00:29:56,000 --> 00:30:02,000
We stayed at the A plus level as opposed to, you know, in the A category count.

341
00:30:02,000 --> 00:30:08,000
So there's the standard, of course, there's A minus, which is the bottom of the A category.

342
00:30:08,000 --> 00:30:13,000
Then there's A, and then there's A plus, which is at the top of the A category.

343
00:30:13,000 --> 00:30:17,000
And then above the A plus is the double A category.

344
00:30:17,000 --> 00:30:21,000
So we stayed at the A plus, but we have a negative outlook.

345
00:30:21,000 --> 00:30:30,000
Now, the negative outlook was assigned because the city did have been used in spun balance policy.

346
00:30:30,000 --> 00:30:44,000
And so that was noted certainly in the rating report that you have a policy that says that you will maintain 40% of the outcome in your expenditures.

347
00:30:45,000 --> 00:30:52,000
And so basically between four and six months in reserve.

348
00:30:52,000 --> 00:31:00,000
And just with the conservative budgeting, I think there was less than anticipated building permit revenues.

349
00:31:00,000 --> 00:31:10,000
And a little bit lower state aid that resulted in a little bit lower fund balance for the city.

350
00:31:10,000 --> 00:31:14,000
So that's why the negative outlook occurred.

351
00:31:14,000 --> 00:31:25,000
What they do say with a negative outlook is that it reflects their view that there's a one in three chance that deficits could persist.

352
00:31:25,000 --> 00:31:30,000
And then the potential that they would down bring the city thereafter.

353
00:31:31,000 --> 00:31:41,000
Now, Andrea and Clint did a great job of following up this information and actually prevented a doubt occurring because it provided information.

354
00:31:41,000 --> 00:31:47,000
Excuse me, that the city has taken corrective action.

355
00:31:47,000 --> 00:31:48,000
All right.

356
00:31:49,000 --> 00:31:54,000
Two over a two year plan, build back the reserves.

357
00:31:54,000 --> 00:31:57,000
And so Council, that's an important step.

358
00:31:57,000 --> 00:32:11,000
And I want to just make sure that it's emphasized strongly here that keeping your nose upon that minimum layer of the floor of your fund balance policy is very important.

359
00:32:12,000 --> 00:32:23,000
In the case of Jamesville, we're talking about raising it from $850,000 to the ballpark of $900,000.

360
00:32:23,000 --> 00:32:29,000
So it's not like we're talking hundreds of thousands of dollars that you need to lift your fund balance.

361
00:32:29,000 --> 00:32:36,000
But it's $50,000 to say $70,000 replenishing reserves.

362
00:32:37,000 --> 00:32:39,000
So Americans, I just want to point that out.

363
00:32:39,000 --> 00:32:50,000
Certainly there's a lot of items that are mentioned in the radio report, such as, you know, the enrollment that's occurring in the county, your proximity to maintain.

364
00:32:50,000 --> 00:32:54,000
And so those are all positive.

365
00:32:54,000 --> 00:33:12,000
So I think staying the course is very good with the exception of, you know, kind of making sure that you do like what Clinton and Andrea said of staying on a plan to build back reserves over the coming years.

366
00:33:12,000 --> 00:33:14,000
And I think that's important.

367
00:33:14,000 --> 00:33:24,000
In regard, what we'll likely see happen is that negative outlook with that A plus rating back up to a stable.

368
00:33:24,000 --> 00:33:26,000
Any questions on that mayor council?

369
00:33:31,000 --> 00:33:32,000
Nope.

370
00:33:32,000 --> 00:33:33,000
Okay.

371
00:33:33,000 --> 00:33:34,000
Okay.

372
00:33:34,000 --> 00:33:35,000
Great.

373
00:33:35,000 --> 00:33:36,000
Thank you.

374
00:33:36,000 --> 00:33:37,000
And I should say, hey, it's not going to do.

375
00:33:37,000 --> 00:33:46,000
So getting the A plus rating aside allowed us to go similar to 2024.

376
00:33:46,000 --> 00:33:54,000
When we issued the first round of financing similar to this or the utility.

377
00:33:54,000 --> 00:33:56,000
The A plus rating was assigned then.

378
00:33:56,000 --> 00:34:00,000
And then we were able to go out and get what's called bond insurance.

379
00:34:00,000 --> 00:34:05,000
And getting bond insurance is to an investor that buys your bonds.

380
00:34:05,000 --> 00:34:09,000
They're guaranteed to return a principal interest on your bonds.

381
00:34:09,000 --> 00:34:12,000
So that's insurance provides.

382
00:34:12,000 --> 00:34:19,000
What that does is it lifts your rating from that A plus of do not just to a double rating.

383
00:34:19,000 --> 00:34:24,000
And, you know, because of that, it helps to drive the interest rate down movement.

384
00:34:24,000 --> 00:34:32,000
So, uh, mayor council, I'll then refer to the law of sale summary that they have on screen.

385
00:34:32,000 --> 00:34:34,000
They have a hard topic as well.

386
00:34:34,000 --> 00:34:40,000
And so what I just stated, if you looked at page two, which is for the summary.

387
00:34:40,000 --> 00:34:48,000
You basically see that there that, uh, we've got an overall financing term of 20 years.

388
00:34:48,000 --> 00:34:57,000
That, uh, that the assignment of a plus of the results, a plus was assigned that double rating.

389
00:34:57,000 --> 00:35:00,000
Uh, what's your guarantee?

390
00:35:00,000 --> 00:35:02,000
That's what it looks like.

391
00:35:02,000 --> 00:35:07,000
Uh, that, uh, was there a question?

392
00:35:07,000 --> 00:35:09,000
No, you keep going, George.

393
00:35:09,000 --> 00:35:10,000
Okay.

394
00:35:10,000 --> 00:35:11,000
Okay.

395
00:35:11,000 --> 00:35:15,000
Uh, my majority, like I said, 20 years out to 2040.

396
00:35:15,000 --> 00:35:25,000
Uh, you know, there's a drop interest rates in the marketplace.

397
00:35:25,000 --> 00:35:34,000
Uh, which, of course, over time there can be, um, any principal that's maturing after 2034.

398
00:35:34,000 --> 00:35:40,000
And out to the final maturity in 2045, can be a refinanced or prepaid.

399
00:35:41,000 --> 00:35:50,000
And so that's, I mean, in your case, there's about 2.8 million of principal or about 70% of the bond is after the call date.

400
00:35:50,000 --> 00:36:01,000
So that's important that we, that means that I am going forward, closing date, the date that funds will hit the city's account is May 7th.

401
00:36:01,000 --> 00:36:05,000
So that's, uh, don't worry there.

402
00:36:05,000 --> 00:36:12,000
Uh, I really appreciate working a lot with, looking at Andrea on this one because it, you know, we did it.

403
00:36:12,000 --> 00:36:22,000
A little bit of, uh, structure the debt in such a way that can maximize the proceeds to, uh, to the city of New Jersey for the project.

404
00:36:22,000 --> 00:36:33,000
And then, uh, also it makes it what I would say is more likely that we can refinance, refinance the bonds in the future and achieve the savings then.

405
00:36:33,000 --> 00:36:40,000
So, uh, Mayor Council, I can certainly address any questions that you have.

406
00:36:40,000 --> 00:36:42,000
Nope, we're good.

407
00:36:42,000 --> 00:36:43,000
I think we got it.

408
00:36:43,000 --> 00:36:46,000
I hope that's not, I hope that's not the tornado, sir.

409
00:36:46,000 --> 00:36:47,000
Yeah.

410
00:36:47,000 --> 00:36:48,000
Yeah.

411
00:36:49,000 --> 00:36:50,000
Okay.

412
00:36:50,000 --> 00:36:51,000
I'm sorry.

413
00:36:51,000 --> 00:36:54,000
I shouldn't be talking with this.

414
00:36:54,000 --> 00:36:57,000
That's my presentation, Mayor Council.

415
00:36:57,000 --> 00:37:09,000
Sorry for the rush here, not being there, but, uh, the only action that you have then this evening relative to the bonds is there was a resolution that was sent down on attorney.

416
00:37:09,000 --> 00:37:14,000
The only action relative to that is, is approval of that.

417
00:37:15,000 --> 00:37:20,000
On page one there, there's a paragraph that starts the resolution for the issuance.

418
00:37:20,000 --> 00:37:23,000
That's really the receipt section there.

419
00:37:23,000 --> 00:37:26,000
As a motion to move forward.

420
00:37:39,000 --> 00:37:41,000
Is it this resolution?

421
00:37:42,000 --> 00:37:43,000
2608.

422
00:37:43,000 --> 00:37:44,000
Yeah.

423
00:37:44,000 --> 00:37:49,000
If you don't have the resolution in your folder because we receive it at like a month today.

424
00:37:49,000 --> 00:37:52,000
So do you want me to make a motion to adopt this on this?

425
00:37:52,000 --> 00:37:53,000
Don't solve.

426
00:37:53,000 --> 00:37:54,000
I'll make that motion.

427
00:37:54,000 --> 00:37:55,000
Okay.

428
00:37:55,000 --> 00:37:56,000
Okay.

429
00:37:56,000 --> 00:37:58,000
George, I'm hanging up on you, dude.

430
00:37:58,000 --> 00:37:59,000
All right.

431
00:37:59,000 --> 00:38:00,000
Yeah.

432
00:38:00,000 --> 00:38:05,000
Just like we talked about, uh, if you were the mayor, sign and improve.

433
00:38:06,000 --> 00:38:13,000
And then like I said, if somebody was just saying, if you just, uh, resolution blank and we fed the numbers earlier.

434
00:38:13,000 --> 00:38:18,000
Uh, that's really the only action needed on that resolution.

435
00:38:18,000 --> 00:38:19,000
So, all right.

436
00:38:19,000 --> 00:38:20,000
Perfect.

437
00:38:20,000 --> 00:38:21,000
Thank you.

438
00:38:21,000 --> 00:38:22,000
Okay.

439
00:38:22,000 --> 00:38:23,000
Do you say everybody?

440
00:38:23,000 --> 00:38:24,000
All right.

441
00:38:24,000 --> 00:38:25,000
Thank you.

442
00:38:25,000 --> 00:38:26,000
Yeah.

443
00:38:28,000 --> 00:38:30,000
We have a motion and a second.

444
00:38:30,000 --> 00:38:31,000
All in favor.

445
00:38:31,000 --> 00:38:32,000
All right.

446
00:38:33,000 --> 00:38:34,000
Passes for.

447
00:38:46,000 --> 00:38:49,000
I believe that morning was for south of us.

448
00:38:49,000 --> 00:38:50,000
Yeah.

449
00:38:50,000 --> 00:38:51,000
Yes.

450
00:38:54,000 --> 00:38:56,000
I just got to fill this was here.

451
00:38:56,000 --> 00:38:58,000
I can do that with my kind of typewriter.

452
00:38:58,000 --> 00:38:59,000
Sorry.

453
00:38:59,000 --> 00:39:00,000
Okay.

454
00:39:00,000 --> 00:39:01,000
Sorry.

455
00:39:01,000 --> 00:39:02,000
Okay.

456
00:39:02,000 --> 00:39:03,000
This one.

457
00:39:03,000 --> 00:39:04,000
No, you can.

458
00:39:04,000 --> 00:39:05,000
All right.

459
00:39:05,000 --> 00:39:06,000
I'll type them.

460
00:39:06,000 --> 00:39:07,000
So this is.

461
00:39:07,000 --> 00:39:08,000
Usually they say so.

462
00:39:08,000 --> 00:39:09,000
I'm sorry.

463
00:39:09,000 --> 00:39:10,000
I'm sorry.

464
00:39:10,000 --> 00:39:11,000
I think it's yellow.

465
00:39:11,000 --> 00:39:12,000
Oh.

466
00:39:12,000 --> 00:39:13,000
Yeah.

467
00:39:13,000 --> 00:39:14,000
She didn't say anything.

468
00:39:14,000 --> 00:39:15,000
How am I needed?

469
00:39:15,000 --> 00:39:16,000
Gotcha.

470
00:39:16,000 --> 00:39:20,000
Can I do just something right on?

471
00:39:20,000 --> 00:39:21,000
Good morning.

472
00:39:21,000 --> 00:39:22,000
Where are we?

473
00:39:22,000 --> 00:39:23,000
Oh, moving on.

474
00:39:23,000 --> 00:39:25,000
Do you get the names of the motions?

475
00:39:25,000 --> 00:39:26,000
I missed it.

476
00:39:26,000 --> 00:39:27,000
Okay.

477
00:39:27,000 --> 00:39:28,000
All right.

478
00:39:28,000 --> 00:39:32,000
We have a couple more items under admin.

479
00:39:32,000 --> 00:39:33,000
Let her see.

480
00:39:33,000 --> 00:39:39,000
Um, Ivan, would you like to, you requested that our last council meeting?

481
00:39:39,000 --> 00:39:42,000
I brought this up at the last meeting.

482
00:39:42,000 --> 00:39:50,000
I know there's a small number of cities across the day to Minnesota have gone back to the old flag.

483
00:39:50,000 --> 00:39:55,000
For me, the old flag wasn't put in place properly.

484
00:39:56,000 --> 00:40:01,000
The citizens were allowed the opportunity to design a new flag.

485
00:40:01,000 --> 00:40:11,000
Uh, they kind of picked their top winner, went back into committee, was changed severely,

486
00:40:11,000 --> 00:40:14,000
and we ended up having to take the one we have now.

487
00:40:14,000 --> 00:40:19,000
It was never approved by anybody.

488
00:40:19,000 --> 00:40:22,000
Uh, formerly.

489
00:40:22,000 --> 00:40:28,000
So, I would like to see us go back to using the old state flag.

490
00:40:28,000 --> 00:40:31,000
And I'll make that a motion.

491
00:40:31,000 --> 00:40:32,000
Second.

492
00:40:32,000 --> 00:40:34,000
All in favor?

493
00:40:34,000 --> 00:40:35,000
Aye.

494
00:40:35,000 --> 00:40:36,000
All right.

495
00:40:36,000 --> 00:40:37,000
For all.

496
00:40:37,000 --> 00:40:39,000
Next, Ivan.

497
00:40:39,000 --> 00:40:40,000
Okay.

498
00:40:40,000 --> 00:40:43,000
Moving on.

499
00:40:43,000 --> 00:40:48,000
Uh, letter D, the consumption display permit for the bowling alley since there's the, uh,

500
00:40:48,000 --> 00:40:51,000
the setup.

501
00:40:51,000 --> 00:40:53,000
Setup arrangements at the bowling alley.

502
00:40:53,000 --> 00:40:56,000
Uh, Dan's size is required to have a consumption in this play permit.

503
00:40:56,000 --> 00:40:58,000
We do this every year.

504
00:40:58,000 --> 00:41:00,000
Um, he paid the fee.

505
00:41:00,000 --> 00:41:01,000
The information is filled out.

506
00:41:01,000 --> 00:41:02,000
Sent to the state.

507
00:41:02,000 --> 00:41:04,000
We're waiting for it to come back from the state.

508
00:41:04,000 --> 00:41:08,000
So if you could make a motion.

509
00:41:08,000 --> 00:41:13,000
Approving this permit contingent upon.

510
00:41:13,000 --> 00:41:15,000
Get coming back from the state.

511
00:41:15,000 --> 00:41:17,000
I'll make a motion proving.

512
00:41:17,000 --> 00:41:20,000
Permit contingent upon state approval.

513
00:41:20,000 --> 00:41:23,000
Oh, second.

514
00:41:23,000 --> 00:41:24,000
All in favor?

515
00:41:24,000 --> 00:41:25,000
Aye.

516
00:41:25,000 --> 00:41:26,000
Maybe.

517
00:41:26,000 --> 00:41:30,000
This is for all.

518
00:41:30,000 --> 00:41:33,000
Make sure you get something to hang on the wall.

519
00:41:33,000 --> 00:41:34,000
Yes, please.

520
00:41:34,000 --> 00:41:35,000
Oh, yeah.

521
00:41:35,000 --> 00:41:36,000
Thank you.

522
00:41:36,000 --> 00:41:41,000
I said, make sure he gets something he can hang on the wall.

523
00:41:41,000 --> 00:41:42,000
Oh, yeah.

524
00:41:43,000 --> 00:41:45,000
Songs in the park.

525
00:41:45,000 --> 00:41:46,000
Yes, we have.

526
00:41:46,000 --> 00:41:51,000
We've recently received three different contributions for the songs in the parks.

527
00:41:51,000 --> 00:41:54,000
They're in resolution number 10 there for you.

528
00:41:54,000 --> 00:41:56,000
Motion to approve.

529
00:41:56,000 --> 00:41:58,000
Technician 10.

530
00:41:58,000 --> 00:42:00,000
Motion and a second.

531
00:42:00,000 --> 00:42:01,000
All in favor?

532
00:42:01,000 --> 00:42:02,000
Aye.

533
00:42:02,000 --> 00:42:03,000
Aye.

534
00:42:03,000 --> 00:42:05,000
This is for all.

535
00:42:05,000 --> 00:42:10,000
Public safety.

536
00:42:10,000 --> 00:42:15,000
Okay, we do have a couple items to talk about here as far as the police department.

537
00:42:15,000 --> 00:42:20,000
As you all know, Steve Johnson is resigned as the police chief.

538
00:42:20,000 --> 00:42:23,000
That was effective Friday, April 3rd.

539
00:42:23,000 --> 00:42:24,000
I said that right.

540
00:42:24,000 --> 00:42:26,000
Yep, Friday, April 3rd.

541
00:42:26,000 --> 00:42:30,000
Attached in the packet is his resignation letter.

542
00:42:30,000 --> 00:42:37,000
If we could have a motion to accept this resignation letter, that is the first step.

543
00:42:38,000 --> 00:42:43,000
I'll make a motion to accept the ruling nation from Chief Johnson.

544
00:42:43,000 --> 00:42:44,000
Second.

545
00:42:44,000 --> 00:42:46,000
All in favor?

546
00:42:46,000 --> 00:42:47,000
Aye.

547
00:42:47,000 --> 00:42:48,000
Aye.

548
00:42:48,000 --> 00:42:59,000
Second step we need to announce that as a personnel committee discussed, Mark Vanderbilt is now our acting police chief until we hire a chief.

549
00:42:59,000 --> 00:43:01,000
That's all he needed.

550
00:43:01,000 --> 00:43:06,000
That's all the BCA needed.

551
00:43:06,000 --> 00:43:11,000
You can give a speech.

552
00:43:11,000 --> 00:43:18,000
I'm going to speak to this.

553
00:43:18,000 --> 00:43:23,000
We want to do that right now.

554
00:43:23,000 --> 00:43:27,000
We've got a plaque here that we'd like to get to see.

555
00:43:27,000 --> 00:43:31,000
He's definitely earned that.

556
00:43:31,000 --> 00:43:46,000
Just on behalf of the city for 24 years of dedicated service to the town and community members and very appreciative of that.

557
00:43:46,000 --> 00:43:59,000
Let me get a better get back up there and shake his hand again.

558
00:43:59,000 --> 00:44:01,000
I did not get a good picture.

559
00:44:01,000 --> 00:44:04,000
You were quick.

560
00:44:04,000 --> 00:44:07,000
Thank you.

561
00:44:07,000 --> 00:44:09,000
Thank you.

562
00:44:09,000 --> 00:44:11,000
Do you get a picture, Mike?

563
00:44:11,000 --> 00:44:15,000
We need a motion to hire a motion in that position.

564
00:44:15,000 --> 00:44:17,000
On what?

565
00:44:17,000 --> 00:44:18,000
For Mark?

566
00:44:18,000 --> 00:44:19,000
For Mark.

567
00:44:19,000 --> 00:44:20,000
I don't think.

568
00:44:20,000 --> 00:44:22,000
If you want to make a motion to it.

569
00:44:22,000 --> 00:44:23,000
I'll make a motion to do that.

570
00:44:23,000 --> 00:44:29,000
That would be because I think they asked him for the count of minutes showing that he was approved.

571
00:44:29,000 --> 00:44:30,000
Okay.

572
00:44:30,000 --> 00:44:37,000
So motion is made to name Mark Van Wilta's acting chief.

573
00:44:37,000 --> 00:44:38,000
Second.

574
00:44:38,000 --> 00:44:40,000
All in favor?

575
00:44:40,000 --> 00:44:41,000
Aye.

576
00:44:41,000 --> 00:44:42,000
Aye.

577
00:44:42,000 --> 00:44:43,000
Aye.

578
00:44:43,000 --> 00:44:44,000
All right.

579
00:44:44,000 --> 00:44:49,000
And then the final thing to discuss with the police chief opening is the personnel committee did meet.

580
00:44:49,000 --> 00:44:50,000
We talked about the process.

581
00:44:50,000 --> 00:44:53,000
The steps will go through to find that chief.

582
00:44:53,000 --> 00:44:58,000
We said, man.

583
00:44:58,000 --> 00:45:00,000
I don't want to stop.

584
00:45:00,000 --> 00:45:07,000
The personnel committee suggested we follow the exact same process as we did when Dave Omen retired.

585
00:45:07,000 --> 00:45:11,000
I did talk to the individuals that were part of the interview panel.

586
00:45:11,000 --> 00:45:15,000
And they're all willing to serve on the interview panel.

587
00:45:15,000 --> 00:45:18,000
So we'll have representatives from the school.

588
00:45:18,000 --> 00:45:21,000
Sheriff Doulas will be here on the interview committee.

589
00:45:21,000 --> 00:45:24,000
And then the council of governments will also help.

590
00:45:24,000 --> 00:45:31,000
If you're okay with that, if I could just have a motion to follow the same process as a couple of years ago.

591
00:45:31,000 --> 00:45:39,000
And then I can get, you know, contacting the newspapers and whatnot to get the ads in.

592
00:45:39,000 --> 00:45:44,000
I'll make a motion to follow the procedures that you followed last time.

593
00:45:44,000 --> 00:45:47,000
All in favor?

594
00:45:47,000 --> 00:45:48,000
Aye.

595
00:45:48,000 --> 00:45:50,000
All right.

596
00:45:50,000 --> 00:45:51,000
Thank you.

597
00:45:51,000 --> 00:45:52,000
Cool.

598
00:45:52,000 --> 00:45:54,000
Last but not least.

599
00:45:54,000 --> 00:45:59,000
Joe has patiently been sitting here.

600
00:45:59,000 --> 00:46:02,000
Now it's his turn.

601
00:46:02,000 --> 00:46:06,000
Looking at some quotes for a column barium at the cemetery.

602
00:46:06,000 --> 00:46:17,000
Yeah, as I discussed with you guys at a previous meeting, we've had some inquiries into getting a column barium installed.

603
00:46:17,000 --> 00:46:18,000
I would add the cemetery.

604
00:46:18,000 --> 00:46:21,000
Do you have a picture?

605
00:46:21,000 --> 00:46:23,000
Or do you guys have pictures in your packets?

606
00:46:23,000 --> 00:46:24,000
Yeah.

607
00:46:24,000 --> 00:46:28,000
Just to kind of see what we're talking about.

608
00:46:28,000 --> 00:46:34,000
Two of a couple different companies got a couple different numbers, different models.

609
00:46:34,000 --> 00:46:38,000
Two of the comparable ones are from cold spring.

610
00:46:38,000 --> 00:46:46,000
I think that is the actual cold spring unit picture there.

611
00:46:46,000 --> 00:46:50,000
Six rows across four rows high.

612
00:46:50,000 --> 00:46:54,000
Just kind of a basic starter column barium.

613
00:46:54,000 --> 00:47:05,000
What we're looking at is something, if it catches on, that we can keep adding as we move forward in the future.

614
00:47:05,000 --> 00:47:12,000
Price tags on this one, $48,093 from cold spring.

615
00:47:12,000 --> 00:47:18,000
Now keep in mind that I plan on, if it is approved, I plan on doing the foundation work.

616
00:47:18,000 --> 00:47:27,000
So from that $48,000 deduct $7,300 of up, $40,771 just for the unit itself.

617
00:47:27,000 --> 00:47:30,000
That's not any of the other prep work.

618
00:47:30,000 --> 00:47:43,000
And then from the other company, which is the exact same column barium, it will be $42,175 all without the foundation.

619
00:47:43,000 --> 00:47:46,000
We would do the foundation prep work there.

620
00:47:46,000 --> 00:47:50,000
Just a couple different color options that's available.

621
00:47:50,000 --> 00:47:58,000
And as you can see in that picture, what another thing we have to decide is,

622
00:47:58,000 --> 00:48:03,000
etched front plates versus bronze versus a bronze plate.

623
00:48:03,000 --> 00:48:06,000
I would recommend a bronze plate.

624
00:48:06,000 --> 00:48:13,000
That way, if someone passes, they can just get the plate ordered and we can attach it directly to the front.

625
00:48:13,000 --> 00:48:20,000
Rather than taking the front off, mailing it off to get etched, then bring mail it back and then getting it installed.

626
00:48:20,000 --> 00:48:26,000
That's the first two kind of comparable quotes, but I wanted to get another one presented too.

627
00:48:26,000 --> 00:48:30,000
It's from one of the same companies that create a legacy.

628
00:48:30,000 --> 00:48:34,000
It's for a basic kind of the same model.

629
00:48:34,000 --> 00:48:40,000
It's a 48-space, 48-nish column barium.

630
00:48:40,000 --> 00:48:44,000
But the one thing that I like about this one, I don't know if you have a picture of that one.

631
00:48:44,000 --> 00:48:48,000
It's the Nelson, but it's going to look very similar.

632
00:48:48,000 --> 00:48:51,000
I mean, they're big granite blocks.

633
00:48:51,000 --> 00:48:57,000
One thing I like about this one is it's the ability to put two urns in one space.

634
00:48:57,000 --> 00:49:02,000
So basically it's called a 48-96.

635
00:49:02,000 --> 00:49:09,000
The other two I already talked about are only one urn per space.

636
00:49:09,000 --> 00:49:13,000
So what's really attractive about this one is just the construction of it.

637
00:49:13,000 --> 00:49:15,000
The niches are a little bigger.

638
00:49:15,000 --> 00:49:28,000
And the price for that is after pre-drilling for bronze plates, they'll pre-drill for whatever bronze plate we want to affix to these things.

639
00:49:28,000 --> 00:49:33,000
So with no foundation, it's going to be $25,691.

640
00:49:33,000 --> 00:49:37,000
That's delivered and installed on a slab that we have prepared.

641
00:49:37,000 --> 00:49:44,000
Any questions on those right now?

642
00:49:44,000 --> 00:49:47,000
Go ahead.

643
00:49:47,000 --> 00:49:50,000
Okay, so I was curious.

644
00:49:50,000 --> 00:49:56,000
When you're talking the 48-96 and two urns, that would be for like family marios.

645
00:49:56,000 --> 00:50:01,000
If not, we can sell two separate families to one space or one urn per person.

646
00:50:02,000 --> 00:50:08,000
But in the Nelson, this one for 25, you can put two urns in one spot.

647
00:50:08,000 --> 00:50:12,000
Yeah, husband and wife or whatever have you.

648
00:50:12,000 --> 00:50:18,000
So that's what makes that one a little more attractive, in my opinion.

649
00:50:18,000 --> 00:50:21,000
But Jeff, I haven't yet a question?

650
00:50:21,000 --> 00:50:30,000
Yeah, I noticed in the cold spring specs, item number nine is you have to be able to get a 70-foot long trailer

651
00:50:30,000 --> 00:50:32,000
into the cemetery.

652
00:50:32,000 --> 00:50:37,000
I've already been taught that you can't take a trailer with you when you go.

653
00:50:37,000 --> 00:50:44,000
But getting a 70-foot semi-trailer into the cemetery is not going to be easy.

654
00:50:44,000 --> 00:50:45,000
No, absolutely not.

655
00:50:45,000 --> 00:50:47,000
Yeah, it's a narrow county road.

656
00:50:47,000 --> 00:50:53,000
And if that's something where we have to get payloaders involved or whatever,

657
00:50:53,000 --> 00:50:56,000
I'd be happy to get that thing off of there.

658
00:50:56,000 --> 00:50:59,000
We'll have to be something to be discussed, yeah.

659
00:51:05,000 --> 00:51:10,000
Would you like us to version me when we just compared to a lot?

660
00:51:10,000 --> 00:51:15,000
Actually, we're all set and done pretty comparable, are they?

661
00:51:15,000 --> 00:51:20,000
A lot of the ones in the area, cemeteries that did some checking around, most of them,

662
00:51:20,000 --> 00:51:31,000
for one niche niche, whenever we're going to say it, $2,000 for just about $500 for a bronze plate.

663
00:51:31,000 --> 00:51:34,000
Whereas your traditional burials are what do we have?

664
00:51:34,000 --> 00:51:44,000
$400 for a plot, then $400 to the cemetery are the funeral home and digger, the market and dig it,

665
00:51:44,000 --> 00:51:50,000
then you've got stone, that's so it all has nothing.

666
00:51:50,000 --> 00:51:53,000
So, depending on options, of course.

667
00:51:53,000 --> 00:51:56,000
So the paperback wasn't written to a lot of persons.

668
00:51:56,000 --> 00:51:57,000
Right, right.

669
00:51:57,000 --> 00:52:01,000
And that's the other thing, a lot of people are putting these in, you know, because they're running out of space.

670
00:52:01,000 --> 00:52:09,000
Well, we have space out there, but I just wanted to let you know that we do have space, but there have been inquiries in some of these alternatives too,

671
00:52:09,000 --> 00:52:13,000
so that's why I wanted to bring it forward and see if there's any interest.

672
00:52:13,000 --> 00:52:21,000
Do you have any thoughts versus the granite versus granite plastic on these?

673
00:52:21,000 --> 00:52:30,000
Just from people I've talked to, the full granite construction, which was unlike the Nelson, is kind of ideal.

674
00:52:30,000 --> 00:52:35,000
It just lasts and it's all the same and just looks nicer.

675
00:52:35,000 --> 00:52:54,000
Yeah, because that's one thing, like with that cold spring model, like you just said, it's concrete and polystyrene enclosures with a granite front,

676
00:52:54,000 --> 00:53:02,000
whereas this other one, it's full, all granite construction.

677
00:53:02,000 --> 00:53:07,000
You said you were just, we're only going to do the bronze plates, like this one says you can do black doors.

678
00:53:07,000 --> 00:53:13,000
Yeah, just for ease, I think bronze plates, because you could just call them.

679
00:53:13,000 --> 00:53:23,000
Say this is what we want on them, and that would be a family expense that wouldn't be part of the upfront cost.

680
00:53:24,000 --> 00:53:26,000
Yeah.

681
00:53:26,000 --> 00:53:34,000
So I'm looking here as the cemetery fund has just under $80,000.

682
00:53:34,000 --> 00:53:39,000
So you're talking and running that down about halfway?

683
00:53:39,000 --> 00:53:44,000
Yeah, maybe I'll send it done after half foundation.

684
00:53:44,000 --> 00:53:54,000
If we go with the $25,000 model with, obviously you want to do a little landscaping and stuff around it and dress it up nice.

685
00:53:54,000 --> 00:53:58,000
Now I know you said you wanted to do this mentor to yourself.

686
00:53:58,000 --> 00:54:06,000
I know you're thinking you're going to save some money, but there's enough road projects in town to keep your crew busy besides mowing your grass.

687
00:54:06,000 --> 00:54:07,000
Yeah.

688
00:54:07,000 --> 00:54:10,000
So I'd ask you to reconsider that?

689
00:54:10,000 --> 00:54:15,000
It would be, yeah, from $25, $6.91.

690
00:54:15,000 --> 00:54:22,000
If we go with that model, it would be $29, $5.72 with the pre-drilling included for bronze plates.

691
00:54:22,000 --> 00:54:23,000
Yeah.

692
00:54:33,000 --> 00:54:35,000
What do you recommend, Joe?

693
00:54:36,000 --> 00:54:46,000
If it were me, my recommendation would be move forward with like a Nelson model with bronze plates.

694
00:54:46,000 --> 00:54:51,000
These are some of the examples of bronze plates.

695
00:54:51,000 --> 00:54:58,000
Then you can put the two names on there and then you just add the screw, the dates on, whatever they are.

696
00:54:58,000 --> 00:55:01,000
They're a particular color that everybody deems towards.

697
00:55:02,000 --> 00:55:07,000
So the colors, you have the sheet with the four colors.

698
00:55:07,000 --> 00:55:08,000
Oh, yeah.

699
00:55:08,000 --> 00:55:14,000
I recommend something similar to this, which is kind of a white granite outline with a brown door.

700
00:55:14,000 --> 00:55:17,000
But it's something very similar to that.

701
00:55:17,000 --> 00:55:19,000
Oh, I got to find that.

702
00:55:19,000 --> 00:55:20,000
I know it's here.

703
00:55:22,000 --> 00:55:23,000
There we go.

704
00:55:23,000 --> 00:55:30,000
Yeah, so for that model, the Nelson model, and you can do the white granite exterior with a brown,

705
00:55:30,000 --> 00:55:35,000
harnessed brown door, and that kind of looks nice.

706
00:55:35,000 --> 00:55:38,000
Did you just go back down to that cold spring model?

707
00:55:38,000 --> 00:55:44,000
That's what, essentially, it's essentially what it would look like.

708
00:55:44,000 --> 00:55:49,000
But not that exact model, but that's exactly what it would look like.

709
00:55:49,000 --> 00:55:57,000
So, do you see these being sold as needed, or can they be pre-bought?

710
00:55:58,000 --> 00:56:01,000
You could pre-bile.

711
00:56:01,000 --> 00:56:03,000
But, yeah, you always run the risk.

712
00:56:03,000 --> 00:56:07,000
I know there's one sitting over in Waterville that isn't near capacity.

713
00:56:07,000 --> 00:56:12,000
I've been sitting there for quite a few years, too, so that's just something we have to weigh out,

714
00:56:12,000 --> 00:56:14,000
and that's something we want to move forward with.

715
00:56:14,000 --> 00:56:16,000
But a pre-purchase, absolutely.

716
00:56:16,000 --> 00:56:17,000
Yeah.

717
00:56:17,000 --> 00:56:24,000
I mean, if we go with the $27,000 one, we only have to sell 12 or 13 of them and we've made them money.

718
00:56:24,000 --> 00:56:25,000
That's the other thing.

719
00:56:25,000 --> 00:56:26,000
Yeah.

720
00:56:27,000 --> 00:56:30,000
Yep.

721
00:56:30,000 --> 00:56:37,000
You return to be a little quicker, and then as it does, hopefully, if it fills up, and if it's used,

722
00:56:37,000 --> 00:56:39,000
then, yeah, you can move forward.

723
00:56:39,000 --> 00:56:45,000
It's kind of adding another one in at that time.

724
00:56:45,000 --> 00:56:49,000
I like the idea of going with that cheaper option to put the families together,

725
00:56:49,000 --> 00:56:54,000
and it'd be easy for the city to recoup their costs.

726
00:56:54,000 --> 00:56:58,000
If there's two in there, it's double the C, correct?

727
00:56:58,000 --> 00:57:01,000
That's something I still haven't ironed out yet.

728
00:57:01,000 --> 00:57:02,000
Yeah.

729
00:57:02,000 --> 00:57:05,000
What do you do right now, Bob?

730
00:57:05,000 --> 00:57:08,000
Double the fee.

731
00:57:08,000 --> 00:57:11,000
They have both sides of this thing.

732
00:57:11,000 --> 00:57:13,000
You put them in from the front or the back.

733
00:57:13,000 --> 00:57:19,000
I think it'd probably be similar to a regular plot where the first rate of internment is normal price,

734
00:57:19,000 --> 00:57:21,000
and then the second rate of internment is a little lower.

735
00:57:21,000 --> 00:57:22,000
Yeah.

736
00:57:23,000 --> 00:57:24,000
I'm sure.

737
00:57:24,000 --> 00:57:25,000
I'm sure.

738
00:57:25,000 --> 00:57:27,000
I thought you were on a trailer to heaven.

739
00:57:27,000 --> 00:57:28,000
When everyone could ride.

740
00:57:28,000 --> 00:57:30,000
So, was that a motion?

741
00:57:30,000 --> 00:57:35,000
I motion for the Nelson 4896.

742
00:57:35,000 --> 00:57:40,000
And the Arctic white and brown.

743
00:57:40,000 --> 00:57:44,000
You're already going to pick the colors, too.

744
00:57:44,000 --> 00:57:47,000
If that's what Joe said, the trend is, then why don't you?

745
00:57:48,000 --> 00:57:56,000
I'll second the motion.

746
00:57:56,000 --> 00:57:57,000
All in favor?

747
00:57:57,000 --> 00:57:58,000
Aye.

748
00:57:58,000 --> 00:57:59,000
Aye.

749
00:57:59,000 --> 00:58:00,000
King of style.

750
00:58:00,000 --> 00:58:01,000
For all.

751
00:58:01,000 --> 00:58:04,000
Day go yellow.

752
00:58:04,000 --> 00:58:06,000
Anything else?

753
00:58:06,000 --> 00:58:07,000
Nope.

754
00:58:07,000 --> 00:58:10,000
Make a motion to adjourn.

755
00:58:10,000 --> 00:58:12,000
All in favor?

756
00:58:12,000 --> 00:58:13,000
Aye.

757
00:58:14,000 --> 00:58:15,000
For all.

758
00:58:15,000 --> 00:58:17,000
Meeting adjourned at 758.

759
00:58:17,000 --> 00:58:20,000
Now we go on to see if the town is still here.