Speaker numbers apply only to this recording.
Note on meeting date: Although the official date provided for this summary is September 9, 2025, the transcript and agenda indicate the meeting actually took place on Monday, August 25, 2025. This discrepancy is noted for accuracy.
The Village Board of Trustees held a work session primarily to discuss long-term debt options for the $6 million bond anticipation note (BAN) used to finance the new community pool, which matures at the end of October 2025. The board considered three options: a 20-year bond, a 15-year bond, or rolling over the BAN for another year. After detailed analysis and input from former Trustee Jonathan Bond, the board leaned toward issuing permanent 15-year bonds. The session also included brief updates on sidewalk and crosswalk work, red light camera legislation, and a visit from a local Boy Scout observing the meeting.
All right, good evening and welcome. Today is Monday, August 25, and uh we're beginning the work session for the Village of Pleasantville. Uh, the primary subject of the first half hour of our uh session is to consider our long term debt and the question of what we want to do with the six million dollar bond anticipation note that we took out uh to fund the new pool, which can now be rolled into permanent financing or into another bond anticipation note. So there are a bunch of variables to consider along the way. So 706, we plan about 730 to depart into executive session uh on matters of real estate and personnel, and then to return a date for our regular meeting. So um let me just share my story here. Okay, I've achieved that. I think I can see that a guy of your age needs to sit closer, Mr. Cunningham. I have good vision, but Jesus. All right, hold on. What can I do about that? Can I improve the size of that? Can't make the window bigger for some reason. Is that the size of the zoom window that you established? No, Eric. No, you can't make that go full screen. No. So if I go full screen. Nothing is achieved. And then you're not sharing any. So he's saying he's saying there's a quarter of a point savings by doing a 15-year bond with seven years of call protection versus yeah, that's very simple. Based on what they've gone out recently with. 20 base points in on the agenda. That's a it was a substantive gap. Did you say that you they did a 20-year zone? 4% or all final. Okay, 4.03 by a week ago. Okay. All right. Sorry for that's a little bit hard to read, but um, here's the short-term breeding. So um our uh bond council has prepared a number of projections showing us the very various options. So if you make the assumption that we're seeking to refinance a six million dollar bond anticipation note that we currently have, which comes due in October, end of October, right? Um, he showed us uh three options.