There we go.

Okay.

Thank you.

Good afternoon.

Yes, good.

We've got speaker and mic.

Um, it is uh twelve o'clock, twelve oh one to be exact.

I'd like to call to order the Port Authority of Evansville regular meeting for the date of July the thirteenth, twenty twenty-five.

On our agenda, our next uh agenda item is our meeting memorandum.

I'd like to ask for a motion to approve the meeting memorandum from June 8th, 2026, please.

Great, thank you.

May have a second.

I'll second.

Okay, we have a first and second.

All those in favor of approving the meeting memorandum for June 8th, please signify with a sign.

I sign, excuse me.

Those opposed?

Motion carried to accept the meeting minutes and memorandum for June 8th, 2026.

Next to the agenda, we have no old business.

We have no new business.

But we do have a report from Mr.

Gontor.

Oh okay.

Okay.

If we can go ahead and do the report, then I'd like to just.

Would you like to do that on the old business now?

If we sure okay, that thank you.

Okay, I was given permission from the board to uh contact certain entities that would be interested in maybe purchasing the the dock, and and that is turned into uh a major project.

They're asking a lot of questions that I just don't have the answer to, like when was you know when was it built?

Uh does it have a certificate of documentation?

Does it have an official number or registration number?

Who was the builder?

How thickness is the still plate on this dock.

Do we have any drawings and last time that it was dry dock for painting?

The size, are we including the mooring sales, the gangways, the ticket office?

It's turned into a a pretty pretty large project.

There are a couple who are very interested.

They would actually handle everything.

So I was hoping that uh, well, I I checked with our fifth asset clerk in our office, and all she was able to was to provide was what we put into our software system.

It didn't have a uh invoice on who we paid, uh, who was the shipbuilder, who was I mean, all the inside all the essential information, it just had what we call a fixed asset sheet.

So uh she actually had a copy of the email that was traded between Marco and someone who is who appraised the dock.

This is from August 7th of 2019 from North American Marine Consultants saying that they gave it a value of one million six hundred and seventy-five thousand.

One million six hundred and seventy-five thousand.

That was in twenty nineteen.

However, should the equipment need to be dismantled and moved to a new location, they would have to discount that by 40% and would give a value of 1 million 50,000 dollars.

So that's what it at that time.

So now we're seven years forward.

Would it make sense for us to possibly have an outside agency who specifically could give us the information meaning uh maybe a consultant of some sort who works with these particular types of docks and marinas to do an assessment for us and which would give us the ability to have all the information hopefully that we would seek.

Would that make sense?

And then be able to um I would say at that point look at where we are with numbers in regard to um a finalization of what would be a number that would probably be a fair and equitable number to ask for the deck, I mean for the doc.

Right.

And that's just it.

The two entities that I felt like could probably do this work, they're the ones asking more, and the more information that we don't have, and have them research, of course, will increase the fees that we have to pay them or yeah, so they would they will take a seller's uh if they sell it for us or market that for us, they take a fee, so we're at risk of that fee increasing because of them having to do more legwork, more research.

So uh we I contacted this one entity, they're based well, they have three locations, New York, Houston, and Athens.

Karatzis, sounds like a Greek shipping company.

They're the ones that have that seems to have more uh uh experience with something like this.

He seems to be asking uh more detailed questions.

So I can contact another we have another one that's Sutherland and another one was uh Rights Brothers.

So I didn't know if maybe we wanted to have maybe a have them have a Teams meeting where they would zoom in and you guys can ask them certain questions and maybe from those you can decide which outfit you wanted to use to market this.

That's a great idea.

I was gonna ask if we had some some type of uh way we could reach out to them, whether it be telephone, teleconference or whatnot, so that we could not only ask those questions, but we can also understand more about their processes and how they come to conclusion on pricing and other things they do in regard to um the assessment as well as how they're gonna sell it right.

So, what their what their thoughts are behind that.

Any other comments?

Let me ask you.

We are asking for a price for putting together a document that would allow us to sell it.

Is that right?

Well, what we would do, we would get a we would interview these entities and they would provide a contract and what they would charge to market and sell it.

There would probably be two parts of that that contract would probably include two fees.

One fee is gonna be a flat fee to do the work, and another fee is based on the sale price of the of the of the asset.

That's how I envision that contract being.

The owner Evansville, can we put money into this?

Before we sell it?

What I was envisioning was that they would sell it, and we would they would take their fees from that sale and send us what was left.

So to that end, then do they have a fee assessment that they could give us on the front end for the example?

They're saying they're gonna sell it for $1.5 million.

What that looks like in regards to dollars and cents.

Right, and it would all depend on how much work they have to put into it, how much we're able to provide them, and since I don't have all this information.

I I might be able to help with some of that.

Okay, because I work for industrial contractors for 40 years.

We I think originally built the barge.

Um I don't think we literally built it, but we we had a marine builder build it.

Okay.

Uh Bill Mix, the guy that kind of ran all that, um, is still around, and I can get a hold of Bill, find out what he might have that could answer some of the questions like gauge of steel.

I know the length is 300 feet.

Um what the cells are made of, all those things that you were asking.

Bill might be able to help.

I also um I talked about it last meeting, but I have a friend that owns it's uh Paul Leger is his name, and I don't know if that's he with Sutherland.

He's with it's called uh Marine Waterway Exchange.

I did get I did I did exchange some emails with let's see, I don't think I printed it off with someone else.

And I think I used you you gave me that information and I think I contacted them, and they're asking questions too.

Okay, and I've sent him some pictures and he's asking me some other questions similar to what they ask you.

So I'm gonna I'm I'm expecting I was expecting some uh contact with him before this meeting, but I'll call him after this meeting and say, hey, you know what's happening because I think the way he sells these things, it's like uh if you look at his website, it's called Waterway Exchange, I think.

But it's like a uh marketplace for marine equipment, and I don't know exactly how it works, he's supposed to be getting me all that information.

But in the meantime, I'll get with Bill and see what he uh knows about.

Thank you, and it might have been so long ago that all that's if I can find the right box down there, probably be all right.

Well, that that's that's a lot more than what we have.

And if we don't have that, then of course they would have to we would have to pay for the travel and have them bring in their people to do all that research and uh I knew it was 90, but you mentioned 300 feet long, and I just went to Google Earth and measured it, and that's another they want to know how tall, deep, thick, everything's it was kind of custom built for that application, yeah.

And I assume that's we would also do the mooring sales because I would think anything that we have that's attached to the marina, if we don't get that removed, we will continue to have to pay some rent to the new owners.

So two things come to mind for me.

ICI Dave probably has something that would give us a composite of what those questions are that we need to be answered because when they created that barge, they had to go in and do uh uh an overview in the study, and then they had a presentative somewhere to say this is what we have.

And I'm sure they're there's gotta be somewhere.

Yeah, somewhere.

That's the first thing.

The second thing, in regard to um we're gonna ask the drudging and the things we've done here, Robert.

We've had organizations over the last so many years do the drudging and stuff for us.

I wonder if any of those organizations who have done that took any dimensions or took any of the, you know, the information about those barges when they did that to determine how they need to go, how how much in depth they need to go and what they need to do, because they seem to be quite technical too, and I know that uh Morley was involved in that.

So I wonder if we go back to Morley, they may have some information as well.

Something that may be helpful.

Yeah, we're gonna have to engage them on what dredging needs to be done at the new location, so maybe we can just tie these two.

Right.

I was thinking maybe they have some past history, some data that would help us as well in regard to some of the questions that these organizations are asking.

You know, there's also the new, there's a new sand and gravel place down there that's actually in the state of Kentucky, but it's right next door to this barge.

I can't remember the name.

Is it Moite?

Yeah, but it's got a different, they have a different name.

That's it.

I think it's a division of Moy, but that's who we're paying rent to now.

I'm just wondering if they would have a need for it.

It'd be an awful easy move for them to if they would need a barge at that location.

Some sort of mooring barge.

That's really what it is.

It's I don't know if it's a barge you could literally take down the river like most barges.

Right, it's yeah, it's it's a it's not meant to be moved.

Yeah, well, I mean, it can be moved, but I don't think it's it was meant to be portioned around down the river, yeah.

But it's been it's been interesting.

I can see.

Well, one thing I I'm surprised just how little we know about it.

It just seemed like it was just built and placed and we add it to our fixed assets, but yeah, 2005, I want to say, back to speak.

Of course.

Back then, um we was under a different software called the FASBE system, and uh since then DMD started to be in charge of Port Authority.

Well, then they didn't want to, and then that's when parks took it over.

So it's been handed down to different departments, and now we're on a totally different software, and I couldn't even tell you where any of the documents from the FASB system since it's over 20 years.

So, thank you, Miss Ray.

Well, let's look at the things we've talked about.

I mean, Dave between you and then maybe contacting Jim Jr.

with Morley to see if he may have some information, and then we can go back also to the the last dredging contractor who did the dredging to see if they maybe somebody should have some information and be relevant that would help us.

Okay, great.

Thank you.

Thank you.

Okay, thank you.

Thank you very much.

All right, so uh there's no new business.

Um, Mr.

Gunner, you're up again.

Okay.

Thank you.

I've passed out the financials for June 2026.

And of course, this is halfway through the fiscal year or calendar year.

And revenues just down slightly, about seven hundred and ten dollars.

And all that's related to the interest income.

Uh down on the expenses uh electric is up forty-eight percent.

You'll notice that the twenty-four thousand eight ninety-one sixty-five is what we're paying in rent for that dock there that we're not using, so total expenditures one hundred and twenty-nine thousand six zero five fifty-nine, revenue of ninety-eight thousand forty-two dollars forty-nine cents.

So we have net revenue I mean net expense over revenue of thirty-one thousand five sixty-three.

We had eighty-two thousand four ninety-four cash and investments at the end of the period.

I did start the process to transfer ninety-six thousand two hundred fifty dollars from the parks to the port authority for the final funding for the year.

So we'll have enough cash to finish the fiscal year.

I'll answer any questions that you have them.

Just we want to get rid of that board as soon as possible.

No questions to comment, but you know, if we can and then that would help us, we would we would we'd have we'd liquidate our since we'd have you know uh a surplus, a nice surplus if we can sell this.

Hopefully that's something we can do in the very near future.

All right, no more questions.

Thank you, Mr.

Gunnar, for the report.

Next, we have um the acceptance of the account's payable voucher register, and I'd like to read those.

We have uh seemingly okay, yeah.

We have four entries for this month.

This is dated um 713, which is today, 2026.

Uh, the first entry is the city of Evansville.

The invoice date is June the third, 2026.

The invoice amount is 20,180 dollars, and its description is the third quarter yearly liability assurance.

Our next entry is the Evansville Waterworks 161.

Uh, the invoice date is June the 4th, 2026.

The invoice amount 17862, and the invoice description is for our um for water for 610 Northwest Riverside Drive for the building.

L L L C.

The next is RDM LAN LLC.

Uh the invoice date is May the 29th, 2026.

The invoice amount is 4,978.33 cents, and the invoice description is for the June rent for the inland marina.

Lastly, we have the Southern Indiana Gas and Electric Company, our best friend.

Our invoice date is June 3rd, 2026.

The invoice amount is $3,886.70.

And our invoice description is for electric for uh the building at $3.6, excuse me, $610 Northwest Riverside Drive.

Uh those are all of the uh voucher registries for our uh voucher for the month.

I'd like to ask for an approval uh to accept the voucher registries and the entries.

Make a motion to pay the bills, okay.

Can we have a second, please?

Okay, all those in favor, please signify with the aye sign.

Aye.

Okay.

Motion carry to pay our bills for the council appeal voucher for the uh date of July 13th, 2026.

Lastly, on our agenda, we have the uh motion to adjourn, please.

Okay, thank you.

We have a second second.

Okay.

All those in favor, please signify for the ayes.

Okay, we are officially adjourned.

Thank you all very much for your attendance and time today.