December 15th, getting close to the end of the year.

So I want to wish everybody a happy and healthy new year and Merry Christmas.

So if you're going to speak today, please make sure you signed in.

And other than that, we're ready to start with our new meeting.

To the open to be pursuant to the Indiana open door law.

I'd like to call this meeting with Indianapolis Local Improvement Bond Bank Board of Directors to order.

The time is December 15th, and today's date.

Do I have a second?

Second.

All in favor, please say aye.

Aye.

Any opposed.

The motion passed.

November meeting minutes are approved.

The next item for discussion is the approval of the 2026 budget.

And if you recall last month, Laurie, our CFO of the bond bank, provided us with a very thorough explanation of the 2026 budget.

You all have had time now to digest what we've learned during that meeting and have an opportunity to review the budget.

Is there any discussion from the board regarding the budget?

If there is no further comments about the budget, I'll entertain a motion to improve to approve the 26.

Excuse me for interrupting.

We have comments we'd like to make, uh relative to brief comments on the expenditure side of this budget.

And we uh think your the well once we approve the budget.

Uh we'll call on you then.

Well, we'd like to inform the board of certain things that would hopefully uh uh impact your uh decision making on the budget public comment uh seems appropriate.

Uh you take a no public high here report on the budget, and uh we don't want to wait until after the budget is approved, quite quite frankly.

Mr.

Chairman, in accordance with the open dollar law and the uh the bylaws of the uh Indianapolis bond bank board.

We we uh do not uh open up uh budget discussions uh at this point uh for for for public comment.

That's been the the past practice of of the board that being said, Mr.

Chairman.

I move to approve the 2026 well budget of the Indianapolis local public bond.

You don't have time to read them, that'd be just fine.

I wish you would appreciate your indulgence.

I can summarize things and mark with you.

Mr.

Chairman, I believe we've had a motion to approve ready to ready to accept the second.

Second, all in favor say aye.

Aye.

So the budget has been approved.

Motion passed.

So now I'll call on um Joe Glass to provide updates on current projects.

Uh thank you, Mr.

Chairman.

Uh good afternoon, everybody.

Um, first order of business, we have a new uh board member today, uh Tom Jeffers, um, who's the new mayoral appointee uh to the Indianapolis Bond Bank Board.

Uh Mr.

Jeffers is a vice president at Hillarom, an Indianapolis resident, uh graduate of uh Wabash and uh the Butler School of Business, and we're very happy to uh have him join the board.

Welcome, Tom.

Thanks, Gill.

Uh look forward to working with the group and being part of uh Indianapolis's continued uh good progress.

Thank you, sir.

So uh we um uh closed on our final bond issuance of uh 2025, uh which was a 20 million dollar issuance uh of uh GO debt for uh new fire station, uh storm sirens um and uh snow removal equipment.

Um and so that that uh uh closed last week.

Um the first order of business next year will be uh a stormwater issuance.

Uh we anticipate issuing uh short-term notes of about $50 uh million dollars.

Um we will be uh introing that uh ordinance in front of the city county council at the next meeting, and we anticipate uh coming before uh this board in February.

And uh Mr.

Chairman, I believe that uh is uh the update for for this meeting.

Okay.

With no further business, the chair will entertain a motion to adjourn.

So moved.

Second.

All in favor say aye.

Aye.

Motion passed.

The meeting is now adjourned.

Thank all of you for coming.

We'll see you during the year.

In the public, no.

That's remarkable.

A public meeting of a public agency.