Good evening, everyone.

I'll call our special meeting to work here in the media for all reference room at 6 p.m.

Pledge of the weekend.

Well, probably public person.

Present presenting.

We have no remote electronic attendance.

We moved a public comment, learning public comment this week.

Yeah.

Okay.

Questions on the agenda and no corrections.

Um we move to our round table discussion.

Special CIP improvement fund survey tests.

Okay.

Well, as you know, we have been slowly and radically progressing through all things budget.

And uh trying to wind down to finalize the special CIP fund before we move our over budget workshop.

So some of these things you'll be very familiar with, some of these things they need to do so much.

Um I guess first things first.

I'm just gonna turn it over to Carol so we can go through our natural gas electricity franchise fee discussion.

Our recommendation will you go with that as Bob mentioned.

This is a continuation of our July 15th round table as well as our August round table.

And tonight we are hoping to kind of zero man on the revenue side primarily, and to have some guidance and come close to finalizing what some of those revenue streams are, as well as even one final look at the expenditures as we know them right now.

And so the very first item we're gonna look at is the natural gas and electric fee.

And as Bob and I are pulling out that ordinance to bring forward to you, as we've been discussing this last couple of meetings.

We noticed that the ordinance that was approved back in 2023 actually includes a rate increase of three percent that is effective for January 1 and 26.

So there's actually no action review.

I have attached a copy of that resolution that over there and page two after the resolution for our forward on the bottom of that first page of the resolution if we see that the very last sentence it says three percent effective January 1 and 26, and so that's kind of where we're at with that franchise fee.

So no further action is needed, and um the good thing is that fee, and I remember this now when we adopted it.

If you pull out it's the third big spreadsheet in your room, it's back, third of all.

And if you look down that home dictionary, there you will see that natural math and electric franchise.

I highlighted it in yellow, one million eight hundred and forty-six thousand projected for 26.

That is allowing us to go down to the pink row now, the number one pink down below.

It'll be the first year that we were able to increase our CIP funding to a million dollars again.

If you all know that was the strategic goal to be increasing our capital improvement funding from a million dollars up to three million dollars for the continuum period halfway there, and um I guess I guess the last thing to say is Mid America needs nine days to implement that fee, so we will plan to move forward and notification so that they can get that fee implemented on January 1st.

Are there any questions on the franchise fee?

As we work our way through this event.

Um it was not my recollection that we passed the three percent meeting.

I do apologize.

I'm going back to the minutes, and so I would like to have a chance to review that even though this is not the time to review prior.

So just I would like to return to this if I ask later.

Yeah, there can be a period for more questions and conversation after presentation.

Thank you.

If you are still looking at the big spreadsheet, because I kind of wanted to address revenues from having the shoot as we move forward over the next five-year period, you will think we do have future consideration of increase in that franchise fee, another one percent in 28 and additional 11% in 29 up total total of five percent.

And that to our recollection that is the legal limit um five percent franchise.

That's a discussion for another meeting.

Um that's just planning to build around with the function that we would be considering that's it possible for us to get another spreadsheet at some point that does not assume the foreign fund that keeps it more level at three.

You know, we we we slowly ramped up to three, I believe here over two years, right?

Um, and it could be the will of council that we don't actually get all the way to five.

That's kind of like a false security in a sense of money coming in, and and I realize from now the way you've done budgeting for us with the three-year projections that every change we make in the current year we're looking at does impact the rest of it.

So I think it just would be helpful.

That's we could not do the full four and five percent.

I'm seeing headshifting yes, I I'm trying to remember.

I know we have the reason discussed to increase it eventually.

I don't remember what it was.

I mean, I see the fire station, obviously, and it's probably the biggest driver, or potentially the part downtown.

Was there any other thing that it was predominantly the roof?

Okay, we're gonna see the infrastructure.

But we were trying to add the million two to three million extra because we found out that our pavement condition index was only going to make a dent if we actually invested that much money into improved growth, right?

So the that's why we did this.

It was kind of all of the above, but that was the initial driver of costs that we know we have to improve our road network.

I also I also do a part of that discussion, probably significant amount of money from our being invested into the road infrastructure.