Town Council - Regular Meeting

Thank you. Okay, we'll go ahead and call the work session to order. And we'll start with the session on the Dean's full election schedule. Do you want to start us off? Sure, I'll start.

I'll introduce you a little bit, and then Don can share his thoughts or share what information he has. Mr. Hodgson from the election board came to the previous one of your council meetings, spoke under public comment, made you guys aware there was a law change in last year's legislative session to allow municipalities, if they chose to, to change their elections from off years, which in off years we have to pay for our elections, when they're not on a presidential year or they're not on an even year. So you are given the option of choosing to do that. Now there are some implications from doing that. Do you have a memo from the town attorney? They may want to share some as well. you guys do have to pass an ordinance you have to do it by the end of the year you have the option of one year terms or three year terms if you choose to try to get them to an even year election just as a reminder the way our election cycle is set up is we already have the three wards if you want to take from there, share your information. I've got some other information to share with you too, but we can kind of start there.

So like you said, the launch in May was happening. And the election board is just providing advice for what you can and what you can't do. And so, President, I did provide some information there on the seats. I think we've got a difference in there a little bit. But President, like you said, your three more seats are elected immediately. year than this year. But it really is a 2022 election. In the primary election, we had 819 votes cast for each of those offices. And the general election, it was up to 5,509.

We had a contested race, too. We had Democrats voted, too.

So a total of over 45,000 votes. And the cost for the town for that election The reason being is because the county holds elections every two years for federal, state, township, local, school board, and center, depending on how each election is done for two years. The municipal elections are done in the municipal year after the midterm. And so 2023 is when the bill are placed for election, along with the court trigger. What I'm giving you is the primary election, 224 votes cast for the primary and for each of those offices. And then 849 cast for each office in the general election. The cost for the primary election was $6,750.57. And so the number of votes cast for the primary gave us $29.98 cost for the voting cast. Cost of the general election was $15,375.04. So that came down to $18.89 per vote cast. And the total cost all together for that year was $22,091.31. The way the cost passed on, what the clerk's office does is they pay the total amount of the cost that's paid out to hire co-workers, pay for locations, the number of votes is cast in each of the towns. So the only town that doesn't hold a five-year municipal election is, say, . So everybody else is sharing in that cost. If you wanted to change the process, First of all, your vending will be by changing to the even years, you don't have to pay for the election anymore. The town won't get a bill for those three important things that are on the ballot. And then if you change those three offices over the even years, you won't have to pay for the second line until I have a higher turnout. If you go back and look at the total number of loans that I have, they were primary lines, In 2022, he had basically four times as many voters as compared to 2003. And then for the general election, it was like seven times the number of voters in 2003. And the voters in 22, it was close to 137 times more. If you wanted to change it, basically, you would leave the board one, two, and three alone. And you could have the country, which is going to be too long, You know, let's say a one-year or a three-year term, you know, you have to have them four years out. Now, if you want to continue the standard term, you have to do it one year. So those two at large, what come out this year, they go out for a one-year term, and then after that, you go for a four-year term. For a three-year, you need them to be a one-year or a three-year. You know, at least four years. And then the ratings are probably, they're free here, from the standpoint that you want to do one year, and you have to learn everything. So it's kind of free. What are you doing moving that office to run at the same time that you're working on it? And so they want you to be able to do it on an off-term. So I've given you what the year of the meeting is.

That's the seven.

As said, it needs to be done by the end of the year. But much of it is actually possible. It might have been good if we could have it through by the end of October. Allow them some extra time to get this thing together. Presently, right now, I told you Danville already adopted, but they don't want to let me go. I still had that on their account. I'll tell them that in the next two days. Brownsburg has it on their agenda, too. those are the ones so I have a quick one if they don't mind.

It only makes sense if every municipality does it in the county. So is every municipality going to change? I don't know yet.

Keep in mind, those that don't will still pay for the election. Yeah. So if you go from . Those two. Now, the referendum in Avon schools last year, in Avon schools, there were 56,000 voters. Now, keep in mind, they have five voters, even if we have, like I said, a minority. So in the same sense you said, if we have that, we have to have a voting site for election day for every 10,000 voters in the county. So that's why we had to have five.

I'll piggyback on that question. Is it a fixed cost to our account or is it a general cost divided by the number of participants?

so there's a cost and but that during the municipal election would really be whatever calendar effect so it would depend so and then that cost is told and then state statute i guess your case that has to be appropriated type thing and it breaks it down it's basically comes down

and the voters in the town and the county for that duplication in there. They're suffering.

I think they provide well. In 2022, the primary election, there were 14,911 registered voters in Calumet. In the generation, there's 15,237 voters registered. And then in 2023, the primary election, well everybody doesn't do it we're a little strength your whole work strength all the numbers So you're promoting this just to save us $6,716.27? That's $2,015, but it varies. That's what it broke out in.

To be clear, let's say that Mr. Netball

uh those are all dictated by law and order

One thing that I was talking to Ryan about was how we discussed West Central Conservancy and how we have gone through our legislators even and asked that they be more transparent and that they be on community leaders too. So I mean, to me, kind of, for asking for that, I think we should consider doing the same.

I don't know. No, that's why it's going through the legislature.

We're going to have to make that change. Again, maybe like 224 votes. That's not a very big percentage of the people in our town that are making decisions on their elected servants. People just don't show up for that.

This basically affects me, Jason, and Roberts.

I think that financially it's a good decision to switch it. I also agree that it would be nice to have more voter turnout. It's not going to be very fun for us to have to agree one in a year. I am humble enough to know that I'm not so sarcastically awesome that I maybe this whole year, there's an advantage to having only 224 people turn out for an election. It allows someone to actually go talk to residents. Something that I can look at the four of you, you've not done in a general election. You just don't have to. You're a Republican, you put your name on the ballot, you win.

This is nothing more than a ploy This law was changed three years ago, not last year.

We had it on our, we discussed it three years ago because of change. Why is it now being brought forward? I hear you, saving 6,000 bucks.

But something Don Hodgson continues to say is it could go up, but it's not safe.

There's only two of us, two communities running an election in that year, guess what the cost because the intention here is not just to save money, it's to ensure that voters don't really have

I believe it was passed last year. Yeah, I made sure that, I did reach out to AIM as well, just being that they're kind of our lobbying body, and just had a conversation with them. I know you guys get copied on some of the AIM communications, especially during the legislative sessions, they sent some of these things out. When the bill was there, AIM opposed the bill,

And so I reached out to AIM because I thought that was interesting to at least be able to share their perspective with you guys on why they weren't against it. I asked if they had like a one-pager or something that they could share with people, and they did.

But they did share that they said, you know, generally municipal elections are more nonpartisan in that presidential elections are more partisan. And so when you have those municipal, which are typically local issues, which is why fewer people tend to vote, They are local issues, but the value of those voters, those are people who are familiar with local issues. Those are the people that are voting. So maybe that you're not getting as many votes, but those voters are more valuable because they are people who are up on what the local municipal issues are. They also said that when it's on a presidential ballot specifically, which is why it's still in the midterm, the other elections in the midterm, when it's on the presidential ballot, it's still far down the ballot that no one even pays attention elections there's all these elections so down the very bottom it's going to be our two or three municipal elections whatever the conference they said those tend to get buried on the ballots they said their experience was that both state parties have opposed moving the municipal elections at least somebody had to do it. The other issue is they said typically then municipal issues are ignored because the issue on how people are voting is on the presidential election, not actually on

if the bill the bill was uh the bill to allow these bodies to change their off-year election was changed in 2020. uh although i would say um here i don't know why the bill changed I agree with Brett, and I believe I talked about it. It's always been my understanding that the parties wanted to be off here because they thought that municipal elections were going to get the attention they deserve. We were going to talk about municipal elections, and that election should not be the same as the general because it gets lost.

And I agree with Brett.

I think traditionally that's what political operatives would have told you. and so that part is not this idea that maybe we just probably don't want to pay them anymore but i mean i would say that um there was not to my knowledge a rush after july 1st of 2020 there was not a rush um i know it seems like they're smooth here in this county i don't see though i don't see this changing possibly so you can do whatever you think is right but i think there is the idea that um know that you have your fear exists so that you can have some of your knowledge now you have a few participants absolutely but um it gives you an opportunity to have an election about it i would say one of the other things in my memo is whatever you decide you're you're struggling changes so if you do it it'll be a 12-year at least uh period where you can get that they don't want you going back and forth how do you come up with 12 years i don't know it wasn't an opportunity it's three election cycles we know that it's three full elections and we don't have it you can only do this during five or even years but we don't do it this year

yeah i would also add aim did say that if you guys wanted someone to attend that they could send someone to your meeting to give perspective uh i know i i've had a brief conversation i think i had heard playing field wasn't doing it um aim also shared that they had not they were a little surprised when i reached out to them they said they hadn't heard of people actually changing their elections so he kind of asked me several things they wanted

got brought up and so we were having a conversation so it was a little surprised to be having that discussion and certainly if this was going on across the state people were having a discussion wanting to change i think we'd be hearing about it a lot more so i didn't want to share that comment from them as well well i think we need to understand what everybody else is doing because we share the cost with everybody else i want to make sure we're clear about this but if you look at number one in my um You only have an opportunity to do this once every four years. You don't have an opportunity to do it. Because the way this statute is ordered, it says that you can't adopt an ordinance in an even number of years, which is immediately preceding a municipal election. On 2028, there is no municipal election in 29. So you can only do this, you can do this this year, 26, or the next time you would be looking at it would be 20 and 30. There is some information out there being communicated that you can do this every two years. That's wrong. I'm quoting here. Number one, a municipal election well in your particular situation your municipal elections your next ones are 27 and 30. so you can't do it in 29 because you don't have you don't have much you don't have election 28 uh municipal election in that year coming up in 29 so so you have one shot the way you're currently stretching you have one shot every four years i mean i think that's what i've told you a couple months ago and you've tried about that there's some other information out there that i think again maybe they're already in this place where they're they have two off years and two odd years maybe the elections are 27 and 29 well that would be true for them so just to say one thing i want to say about this is

So we, the three of us, about the law. Wanted to make everybody win. It's something you guys want to do. But didn't want any surprises. Well, two towns decided on their own to go do it. And Bill said, you did all you were getting. It was a heck of a lot higher. But why didn't somebody tell us that we could do that? So that's the whole thing. It's up to you. We're not pushing it. We'll move on to Avon Logistics, step one, number two.

Yes, so as you guys are aware, Chicago Industrial has started their next building in Avon Logistics, which is the 613,000 square foot building. They had actually approached, and so you have a nice colorful exhibit in here, it looks like this. You guys see this? So I'm gonna refer to these roads that they're showing by their colors. They actually approached, earlier this year, the Redevelopment Commission about supporting the construction of the Red Road. The town's position, especially when we're providing economic development incentives, are typically that if we're gonna pay for infrastructure, it should be infrastructure that benefits the public. So the Red Road, as they had originally proposed it, was just gonna be a cul-de-sac, which meant it was only basically gonna serve the benefit of building six. Chicago Industrial that unless they eventually built a connection road to the back that we weren't willing to pay for the cost of construction of that red road. Chicago Industrial has since modified. I know this looks a little different than what you guys had previously seen in some of their layouts. So I had some conversation with them about that. They are looking at starting building five potentially next year so they would to call it maroon or i'm not sure what color that's purple maybe the purple road they would then potentially build next year and then they have a third phase which would be the blue road which would essentially create a backage road along the backs of the entire industrial park dissipate traffic and if people don't have to drive down to 100 south and get 100 south to go two buildings down that's good for us so these roads would serve a value to us in the manner in which they're showing in this exhibit so that's the first thing the second issue then was i asked them if they would be willing to provide costs for what they thought the construction of those roads were so they did provide a tip bond infrastructure budget So you'll see it's about $9.5 million. That has all the costs they expect from it. Again, it'd be phased, so it'd be all three of those segments of roads paid over time, which is a little bit similar to what we did with them, if you guys recall. On the first two buildings, we also did what we called a draw volume. So we'd have the council approve the $9.5 million, but they would only draw what they need for the first piece, and then they'd draw what they need for the second piece, or proposing or not proposing town or taxpayer-backed bonds.

These are Chicago Industrial would purchase the bonds and then whatever TIF revenue we get would be used to pay them back for those bonds for the infrastructure, which is the model we've used as an economic development incentive on these other industrial projects as well.

The Redevelopment Commission, when I talked to them about it last month, were generally positive. They liked the layout better, and I think it's more consistent with what you guys at the council have shared you want in terms of economic development too, which is variety in building types. It's not that it's all million or 800,000 square foot buildings, that there be some diversity in the building size. Again, the thought process is the bigger buildings lend themselves to logistics and lower paying jobs, whereas the smaller buildings become more like manufacturing and then have higher paying jobs. The redevelopment commission thought that that was favorable and that they liked that layout. They did have some discussion about, well, what if we agree to pay for the roads? And then they changed their mind. They just want to build new buildings. And they just showed us that because they thought we'd like it. And so we had a discussion about how the agreement's written to make sure that they comply with that. I shared that concern with Chicago Industrial as well. Chicago Industrial said, hey, This has been, we've been studying this and we've been talking about it. If you guys recall, Chicago Industrial holds these properties. These are not for sale. And they have said they want the diversity in their portfolio as well. They don't want it to all be million square foot buildings as well. So he didn't seem to have any issues with that as well. And the next thing the Redevelopment Commission asked was, well, will that building layout actually generate enough tips to support a $9.5 million property? I did ask Greg Gerakos, I thought I saw Greg come in. Oh, there he is. Hi, Greg. So Greg asked them to do a quick revenue bond analysis and see what it would generate in terms of TIP revenue and if it can actually support it. Not that all these other pages aren't important, but if you work yourself all the way to the back.

I wanna say it's page...

Page seven, it's exhibit F. It has a proposed layout, which this is the same layout we did with them on the first phase of the project. We asked them to forgive interest for the first three years. And so you can see how the three different draws and the payments would work out and what that actually, how it works out. And so it does generate the column is estimated tip revenue would be 25 million dollars and then the debt service would end up about 12 million dollars so there is double the coverage to be able to do it and the analysis by fsg does include the assumption that we would also give them the tax abatement and so again if it's if it's something the town's willing to do the redevelopment commission has not seen this analysis yet because i i'll share that with them next week but i wanted to have a conversation with the council and see what your guys thoughts were so that i could share those back to the rgc and certainly steve is the liaison to the rgc so he can help me carry that message back to them as well so just want to get your guys thoughts and input and julie says no

We don't think public is going to come to 100 and go along with that without hearing it, right? I mean, how do you see the public using it?

Well, I mean, it would be if there was an accident or there was something the public could use it. Now, it does serve the industrial park as well. And so, yes, maybe it would provide a greater benefit to the industrial park. But it doesn't have no value. If it doesn't connect to anything, that has no value to the public. So, yes, maybe... typically yes it does so yeah people could walk there there's other reasons that there would be benefits and if there was an accident and they needed to divert traffic back there the public could use it and try it on versus the alternative is that there's fences between every building and there's no connectivity and so that connectivity does provide some benefit as well but good point john i mean that that would be the alternative argument it still is a private benefit would this be ours to maintain it would be yes which if you guys

the other exhibit you can see there's already kind of an existing loop road that is a public street over by the two buildings and the town does make sense i like the drawings and faces it's developed about it we had our engineering look at these numbers and make sure that they're you know stay accurate but they're not flying in the sky

Not yet, but certainly as we get further in the process, we do that. And I will say, if you guys may recall, on the first one, I think we did a $5.5 million with what you guys approved. It actually came in at like $4.6 million or something. So we only issue bonds at what the actual cost is. So even if it's an estimate, even if they're estimating it at $9.5 and it ends up at $8, we only do an $8 million bond.

But if we're doing it in phases and costs go up before we get to the full session, then we might exceed the night time.

But then they just have to pay for whatever goes over. That happened on Reagan Logistics. If you remember, their costs ended up going up and we said, sorry. We said we agreed to do X amount of a bond. You just have to eat whatever goes over that amount.

we don't have to do we can choose to say well we'll really give you eight million dollars towards incentives to pay for infrastructure we don't have to hold on that really that's negotiable i i think it would help on building this making work together and then i like the commission did feel that they liked the size of the building

That's exactly why I think the Reebok Commission had the question that they asked if they said well I thought they were saving the middle for two million square foot building

Are they just showing us something smaller because they think that's what we want versus what they really intend to build? So I do think, again, that's a fair question by the urgency.

Any questions or comments? We want to be great.

Which one's up first, right? Sustainability analysis.

it and do they have it they have it but don't they have it if you don't have it a physical copy with you you do have a copy in your email um I think Greg's going to start on, and this is hot off the press, so we haven't had a lot of time to analyze it, but in your packet, behind the sustainability now, the first stretch you have is, looks like this. There's assessed value on the top. You guys recall the number one thing that drives our entire budget is how our asset value looks. And this is a perfect discussion. I'm going to lead Greg into what I wanted to talk about a little bit. You guys will recall that about five years ago, your guys' goal was that you wanted to move towards diversifying our tax base and getting more economic development in that 3% range. And so you can look on here, this is something I started tracking. Actually, the county started splitting up the 1%, 2%, 3% a few years ago, and so I started tracking it, and I find it to be fabulously interesting. Greg had pointed out on it earlier today, but if you look at our 3% assessed value growth, we had 11.78%, and if you look at our TIP, we had 23% growth in our TIP as well. So those are great things, but with that all, Turn it over to Greg and let him share what he wants to share. And then that will kind of lead us into the sustainability analysis. By the way, Greg. Thank you, Brian.

And I'm used to standing in the presence. I might stand up here for a little bit. So this is the assessed valuation on a preliminary basis for 2027. What is notable is I believe the county as a whole was just slightly around 1%. Okay, so you're bucking the trend. You're higher than the trend. And keep in mind, we've been lucky in any county if we've seen 2% or 3% growth because of the supplemental deduction and those that are phasing in on the 1% property over the five-year period. We're also lucky that the special deduction that is given to the 2% property and that's trending down and personal property is trending down but here what we see on a preliminary basis is we kind of buff that and basically we have some growing a b in your sustainability we originally projected a negative two percent because we projected that that would really start tying supplemental deductions would really start trending you and that may be the way we go in the future here just keep in mind those are over five years okay that the but they still be gross baby of your own uh may have gone out because of neighborhood desirability factor and all of those things so this is not to be individualized this is all the classes of property revised down slightly once the state, it literally was this week that was put together. We've seen personal property change because utility distributed property has been refigured and sometimes checked out a couple times. So this is good news, okay, and I want to start off on that is awesome news. Now, going to go through the sustainability before i do that i want you to kind of look at this page because this kind of keys into the council meeting and when ryan and i go through the fun totals but we've been doing a lot of work running the scenes and i kind of want you to understand that when i make the statement that i believe avon is in a good position to weather the 1 000 year storm that I think I swam through yesterday in Rushville. And so we're in a great position. Do I mean that we should go out and spend money like drunken sailors? No. I believe though we're in a very good position, as you know, as SB1, 1210, SB2, SB3, SB4, all of those when they come, we wanna be in the best position You want to be in the best position you can be in 26 and 27, and that's where we're at. So in order to put all these opinions together of where our budget audit said, first of all, we had this special link distribution, and you did very well in that distribution. You received, Julie got it back in, I think the document came out in May, and I think you deposited it in June. And that was additional edit. That was additional basically income taxes. And I'll call them LIT because that's what we call them all now. That went into the general fund also. Next, we got news from then the state that the growth quotient was released at 6%. So the growth quotient never been heard of. Never in my life have I seen a 6% growth quotient. I was quite surprised that there wasn't a memo that came out later and said, no, it's going to be four. If you remember, it was capped in the past at four. And so do I believe that it will be capped in the future? Very much so. Okay. Now, they understood this 6%, but also understand that when we get to the sustainability, we believe the realizable revenue is more likely between three and 4%. Why? Because with the 6% growth quotient and 2% AB growth, the tax rate will grow. And the tax rate will grow for everybody, county, school, township and everything. So that'll push up circuit breaker. So that means our realizable revenue that comes into the bank account will be less. So everybody might say, when everybody ran around and said, Oh, we can go six percent raise in salary. It was like time out. You don't understand the numbers. And now we've got a lot of communities saying we can't afford to see. We have, I believe, been using three percent. Is that correct? And that's generally what I'm seeing around the state of Indiana. Like I said, I've been all over with mushrooms and everything else. The next thing is then we put together this draft sustainability. It worked real hard on it and looked at both the income factors and the revenue on the expenses. Next then, we got Julie's closing of her 630. Remember, this is an 18 month budget, right? So when it shows up in Gateway, it's 18 months. It's the last half of this year and it's all of next year, okay, 27. so where she stood as of june 30th gave us a real good indication on if revenues were declining if food and beverage was increasing or holding its own storm water was doing good and those were all putting kind of putting into the sustainability and kind of our next version of the sustainability clearly and those all indicated that everything was going good okay the 6 30. Next thing we said we spent the entire day, we sat down with the chief of police and kind of went through his budget, went through where we are on all the others. And then we kind of formulated the opinion on what we will present during the council meeting. And so we spent looking at again, updated revenues, updated expenses and things like that. Next we got busy and we put together the capital improvement plan. And Ryan, have you given the council that? Yes. So that was July 30th. Then on July 31st, we got county level lift. What is that? That means the amount of lift that is expected to be settled to all jurisdictions within Hendricks County. And that was up 7.5%. So you could maybe yield five, maybe 6% of that Remember, any communities that had a higher levy, since we're a levy-based system, remember that word, levy-based, not tax-based, rate-based yet, like Representative Thompson said, will be happening in the future. So if someone in Brownsburg increased their levy more than you did because of annexation or whatever, they would get more of a share. So now what we are is we're at August 13th. want to get your feedback on the on the budget amount and then what we're waiting on next week we should get right into this is late breaking news but we should get the individualized avon lit for 2027 next week so that will really help us and really kind of fit into your timeline i have here somewhere for our budget approval and how we move forward so we've got but a lot of information in gateway we've been working with julianne and ryan and we're going to be getting the other funds in there too so okay any questions on what we've been doing to get to here okay so now what i want to do is also tell you that there is no doubt in you know like i said when i was kind of swimming back from rushville last night i was like wow if you look at the things that avon has accomplished and how we've gotten to what i call the good position is that from several things we've many many years ago we approved and implemented the good coverage and remember that and remember going through all that and it was a hard kind of a you know everybody's concerned with going up but that was the really paid dividends and it shows off in in the sustainability the wheel tax doing the wheel tax a year or two ago you know i actually got it back you know brownsburg is trying to catch up with you they're trying to do it this year now everybody's battered because of everything else and so our timing on the wheel tax couldn't have been better and you saw ryan i'm sure told you the lane miles lane mile revenue that we got in that will be our new match for our new grant next year and that's automatic because you have the deal tax and things like that okay so that's awesome the fact that we brought on don't throw anything we brought on geo bonds very strategically not not a ton but we brought those on because guess what well those are going to be harder There's no doubt about it. Okay. And so, you know, bringing those on and then bringing the stormwater on just again, set the whole table. You know, I'd like to say if we were at Christmas dinner, we got a nice table set and we've got a lot of things on the table to eat from or to enjoy. And that has gotten us to this point. Okay. So those are key things to kind of remember. So I want to go to the recommendations, and I want to update number three, where I talked about the rainy day fund. And Brian and I talked about this, and we looked at it. And what I'd like to do is make the suggestion on the $300,000 that we actually split that $150,000 to the insurance reserve fund. We can't call it rainy. There's only one rainy day in this state. uh and then 150 to the rainy day fund that would bring up the rainy day fund a little bit bring up our self insurance up a little bit and we'll be then on on our way to the goal of 10 million dollars for here so we're hoping we can give it a nod from the council and be able to head in that direction and then a resolution would probably be put together okay so Other things in there, I think those are, I'm on the second page of any recommendation. I guess I will pause here for a second to say if anybody read through these and have questions, you know, address them at any time.

I can stop on a dime to get started on the dime. So any questions on some of these recommendations or observations that I think within the documents?

different different thing so that's showing the proposed appropriation for next year not the transfer that's why he's talking about the transfer and in this is we appropriate 250 in case we have to spend that would be if there was a tornado and we need the money to spend from the rainy day that's the 250 that he's showing but you'll notice on here for the insurance reserve fund there's a footnote that says we're not expecting to spend any of that so there's no appropriation to the insurance reserve fund so we're not and my it's our my understanding we did do our our uh transfer vision we did this is what we're setting up for next

when do we want to get the two million dollar goal uh it would be nice before lit comes to a theater near you which is one uh 2028 2029 and 23rd very clear right so there's a implementation in 28 collection in 29 and and then maybe you receive it 30. but guess what i expect every a lot of things to change that's because of the state lagging part of that they figured out there was going to be a lag uh from the state of indiana on tax returns and things like that so imagine that it will really be beginning of we'll have to pass a resolution at the end of this year and then we only tell julie to do it before march 1st of next year that we always catch up with that special provision so again which we want to be careful and cautious and you know and keep the keep the ship heading in the right direction okay any other questions on any of those if not i'm going to jump through some of the uh specific information kind of in in the back and kind of talk about is that unless you've got some specific questions on any of the actual funds like the general fund be added or anything like that if you've got anything on the cash flow now keep in mind we will just just set our tone for the numbers at the council meeting like i said within the and then once we get those the details of those, the sustainability will be updated for those. We got most of the general funding because Brian's been working on that. Questions on specific funds? If not, I'd like you to turn to page 79, which is the circuit breaker. This is the one that I've been talking about and the fact that we really were quite lucky uh then the circuit breaker on page 79 from 25 to 26 went down by 91 000 even though the total went up uh you know with the tip in it if our total loss was uh basically eliminated or the incremental loss was very very low right so that really helped now we believe that as you can see in 2728 probably even given now where we are the growth push came out a little later we're going to have bigger circuit breakers than these numbers so keep in mind what that means is when we put together a budget and we say we're going to levy three million dollars of general fund properties actually will only yield three million minus 625 So we'd only get $2.5 million in real cash. So that's how it works and how it comes into the fund balance. Questions on that? Now, we also then put together the, I want to point you to page 82. Now, we've been looking at, by the way, I probably should mention this too, do have the possibility of a annexation deal matter of fact i have one two three four five six seven uh fiscal plans that we could use for an appeal and the total is around 75 000. so we like to get your again thumbs up to apply or advertise that in the budget and be able to move Now, I brought that up. It will, the tax rate's going to come up from the 33 days, right? It's going to come up because of the growth quotient and because of the assessed valuation. The 75,000 won't move it much, but that is something that once you get the 75, as you know, by the way, they escaped the three-year growth quotient. All of those excess levy appeals that back there in the old days or even a year ago those are all gone this is the annexation physical plan are the only field cities and towns got left okay so it's your only bite of the apple and what they recognize is they want to incentivize if you increase your board they want to make sure that you can match your revenues with the expenses or who would ever increase the board And they believe increasing your board and providing additional services like police protection and things like that benefit. So they kind of left the annexation appeal alone, at least so far, right?

It's the only appeal left. The group of appeal has gone away. So this is the one that they reminded us last year. Yes, they reminded us last year, even though we were eligible for it, we didn't get it anyway.

Yeah, yeah. there was a lot of appeals last year there could be there i mean there's no guarantee at all but we didn't you know my suggestion is we at least try you know because these are legitimate annotations based on a legitimate um fiscal plan and hopefully dan legitimate uh court notices right and i got a lot of faith in you on that but which son do we happen are you um you're welcome to see these uh i just have one sheet uh and you've seen this i have it that was our quick inventory of the ones 25 So I'll turn to page 83, and 83 is your projected assessed valuation, or your actual assessed valuation. And what's interesting is we're going back to the days of 2013 and 2016, when we had 0.35% growth in AB, and you see what we enjoyed in the past, and that's due to annexation, that's due to uh all the you know people building homes and all the things that ryan showed you on that ad sheet and so you know i i expect very highly that we will not have those growth numbers in the future you can even see your personal property at one it was 148 million 149 million and it's going down quite rock too at 114 So what I mean by the perfect storm is we're going to have a lot of pressure on AP. We're going to have tax rates going up. We're going to have a circuit breaker until you get $3. This whole tax rate gets $3. We're going to have a new regime on flip coming to a theater near you. That's why I want you to be as strong as you can before you go into those. Now, the lit discussion that Brian has shared with you looks like we'll be faring well, maybe better than others, but the fact of the matter is, you know, it's going to change.

And there's going to be a lot of hard decisions.

Now, if you turn to page 88, page 88, this shows how the 2026 property tax rate is broken down. This is our 3.33 pennies. And as you can see, we've got a very low debt rate with the 110. That's very, very low. And keep in mind, again, most of the debt that we've incurred recently is the developer bond, and they're on the hook. It doesn't use our 110 at all. And by the way, on that one that you presented just a little bit ago, I really love the three-year forgiveness because what would a lot of people do is, you know, Greg, capitalize that interest. That just makes the bond size higher. That just makes the taxpayers use that money for that. And by using the, and if we can get them to stay with the forgiveness, it really just gives us more money back in the pot. on that but a lot of developers don't want to just come out so um next one is on page 92. we got that we've got the comparison of the 126 right and this is the one that um you know we're at our total rate on avon is 0.7980 playing field with their 2 billion maybe of uh captured just in their tip history and three billion in their town uh yielded a little bit better than us at 0.7958 but uh you know that's that's the way it is but we're still right here and we've got it and this kind of brings them all down and puts them puts in the debt serve the fire too and so it's an all-inclusive rate it's not your third it's your 79 to make you comparable with everybody And there's a graphic depiction of that on page 94. So, ultimately then, I guess if you turn to page 110, this is our weighted cost of capital calculation that I've gone through in the past.

And you can see our overall cost of capital in 2012 was 4.3. We're at 3.1.

So we've got everything we've done, even with the lease rental bonds of 3.79, which was in 2025, we've got very low cost of capital. And our 2016 bonds will be paying off in a few short years. So even though we did issue debt, we issued debt at a very low price. And Craig, you know, as a result of your bid yesterday, interest rates are more like 4.5.

And so, okay. It should have been 4-3, and then we would have won.

But, so, you know, that's very, very good, and I think really kind of sets us up fine. Again, we are using very, very, very little of our one cent of our taxes. I'm sorry, Julie, but that's not a lie. So, you know, and that's for our DO, and keep in mind, have built some really good assets and what we've been able to do with the tip and you know when we all go up on the hill that's one heck of an asset that we're going to have up there and so you know we've come a long way on things like that so ryan what else do you want me on the sustainability to cover uh Again, if you've looked at the funds, the fund trend, most of them are holding their own, going up a little bit. And again, that will be updated for once you get, once we get a 27 budget solidified, but you can kind of see where my, overall, I think that's a lot of good news. Talk about a win. Win in the future? well the decision that's going to come to you all is going to be whether you opt in or object and i'm talking okay um you happen to be i put it in the tail of two cities in my right up to the mustard or two tabs and that was playing field in april and if you look at it you're population is x percent and you know your uh your basic levy is x percent but they've been around a long time levy uplift they've been around a long time so they've grown their property tax level so since they've grown their property tax levy each and every year and and all that that they've grown to a level that they need X amount of lift. When you calculate that out and you use the right of each town over 3,500 to levy their own lift rate up to 1.2, it's not enough for Brownsburg. And probably didn't get maybe Danville was okay, but Brownsburg and Plainwood For you if it is it actually will pay substantial dividends possibility of you doubling or more your LIT total Okay now So that's if you opt out and create your own transfer all the other towns were more than likely when we went around and I don't know if any of you went to the busker yeah and so if you're coming to us too right the second one um and so most of them will say we want to opt in and use the adjusted gross income of the county as a whole as opposed to the town as a whole okay now Keep in mind, we have done estimates, and everybody's done estimates, and at this point in time, it looks like you could do your own, and you could fare well, but you could also fare well if that tax, if you stayed in with Plainfield and Brownsburg, because they need a higher tax rate to fund their lives. They need, let's say, about a point made up. That's still higher than what you need now. uh we had i don't have those numbers right in my fingertips about 50 basically yeah 48 cents i think just to break even yeah to break even and the definition of break even has been cussed and discussed it is what what the reason i say that is that there is a general perception of breaking even is lit plus cap loss circuit breaker loss and things like that that should be at that's not given by anybody okay that's what the towns are are asking cities and towns think despair counties don't need it so much and the overall fact is everybody's going to say well you've survived with those circuit breaker caps now why do you need to increase the lip break that much more that's a big debate and i guarantee you that's coming the next week too Some of that. So Greg, that would then give us the evidence too. So right now, either opt in or opt out would end up to be more of a political decision than maybe an economic decision because you would now, if you opt out, you would be able to go up to 1.2 as it is stated now. and it would be up to you to calculate and then not impose the rate, the state would impose the rate, but basically have that rate, okay? If you opt in, then the county council will mandate the rate, okay, so to speak, to make everybody, to give everybody a lift. You know, that won't make everybody hold. Well, they may, they may not.

i don't know right that that will be right you can do up to 120 as it stands today um but then again what you might say then is if they opted in

and they became 50 basis points, and you said, we want to opt out, create our own tax rate at 100 basis points, give me twice as high. And so that will also have, in my opinion, annexation. It will impact your annexations. Because one might become savvy enough to say, ooh, if I stay out here, I'm gonna pay less income tax. so my recommendation to ryan is you know we keep on our trail of annexation because we we may need the same rate but if we have to end up going and creating our own rate that might change that story a little bit but uh and you know getting that donut whole legislation you know it is really really important in my opinion on that i think the state is going to Hear us loud and clear on that, because they're going to say, oh my gosh, we got to put a virtual fence around Jason's neighbor, because he happens to be out of the house. And so that's where it's going to come down to, Greg. And in one hand, you get to choose your own destiny for the rest of your life. In one other hand, you might choose the other for the rest of your life, so to speak. And once you opt in, and it is my understanding, you cannot opt out. So you don't get to play the game of one year, one year, one year, one year.

And that's not that's not playing real good and

in, you know, I can mark and count, their income doesn't grow from one year to another. You lock in a rate, how do you give Shelby a 3% raise if you don't get any more LIT? You're not gonna get much more property taxes. So you're not gonna get much LIT in that case. And so you're gonna be so dependent on the budget is gonna be driven by the LIT increase. and the lead increase is driven by the adjusted gross income in the town of Avon or the county of Hendricks. Yeah, and the goal is not to pit anybody against anybody. As I said in the opening thing of the Hendricks County Hunt, we gotta all be in this kind of fish barrel bowl together because in the county as a whole, that's the important thing. And so that's what I still believe. And I think the county council believes that. But they're struck. They'll be struck. There's no doubt about it. It sounds like we're going to be much better if we do stick with our own, in light of what you mentioned about we did well with the wheel tax, food and beverage, our history of that. So if we can control our own, it seems pretty darn logical that we can stick with that, rather than just going on the tail of the county on regular basis. It's going to be a tough call. And the good news is, guess what? You don't have an ordinance in front of you tonight. So that won't be until 28, maybe 29. So we've got some time. I do believe SB2 is coming. I do believe it's going to change things. And so, Steve, your observation at this point

manage your finances very very well you should be able to manage it very well in the future so i don't disagree but either way whenever we saw this great presentation that there must be put on by this company that is top-notch we make out either way but what would be better for our future if i like the idea that we control it

And that's, I mean, it's gonna be a tough decision for you guys. So Greg has a beautiful model that we can spend an entire hour and a half moving things around and letting you guys see what the different things are. I don't think today is that, but Greg and I would like to do a specific lit meeting with you guys pretty much because at some point we are gonna have, you are going to have to give Julie guidance on how to vote at a meeting. Julie is our representative on the must board or whatever they're calling in. So I think late August or early September, we'd probably like to have a conversation that's just a meeting where all we talk about with you guys is the must, where Greg can put his model up, show you the different scenarios. Let's just assume the county approves an 80 cents. What is the impact of the town? What is the impact of the town to the 80 cents? Because it changes over every scenario. What if Plainfield opts out? That's going to change the scenario and what everybody gets. What if Avon opts out? How does that impact?

And Brian, I think the integration between Avon and Washington Township Fire is so, so important. Because the one version you shared with me, you know, we talked about today. Avon Fire did nothing. Now, they might be assuming that you're going to give them your extra. Well, that's not a good result.

And that may be another thing that comes into play, which will make your decision even harder, is depending on what decision it is, we could get a huge influx of additional lit revenue, but the school is no longer going to be able to get lit. So the school corporation may come and ask you guys for a portion of your lit money, or the Washington County Fire Department may come and say, hey, council, will you support us and give us lit money? So all of these things you're going to have all these decisions to make that are going to impact other entities and so so we're going to have a friendly consolidation discussion i'm not saying that it would maybe be a great idea but i i don't know just donald there too if you see all the scenarios we're just finally getting closer and i don't like to share that's just

so if you thought this job was boring now just wait so yeah so we'd like to and and that's what we want to do is just keep you get it up on the screen get my analyst and and we're going to do some some what-ifs in there and and take you as deep in there as you want to go and i'm telling you when you get off of that some bolts together there's a lot of changing things And what I'd like to do is get you educated on where it is today. So you understand when SB2, and again, I call it that, right? SB2 comes through the theater near you. That then you'll be able to see the change and understand the change. That's what's critical for you. Because yeah, we're going to be in September here. We're going to be looking at Julie and saying, Julie, you may have to sign up to not align somewhere. Now, I don't like what the Association of Counties put out, is that everybody would agree to a rate. I don't like that, because I don't think you wanna agree to a rate at this point in time, because then you'd be agreeing to one point. I think the concept, I've been trying to always push the concept. They're pushing for the town needs to say what its rate needs to be.

You know, I don't speak for any of you. I just got it. So.

Well, hand out that information before we talk about it. It's impossible to do. You're going to have to sit here and look at it with us, Greg. Can we have some of these charts and some interactive graphs that kind of show it a little better? Because you can get lost in spreadsheets. It can be.

We can see about that now. We may need it a week later. of the key points yeah we can't make a real time yeah there's too much to do everything key points okay when's that next must be it is next week i believe isn't it or the week after and be careful but they said the 26th yeah and then they also said that it still may not depending on what we get the data that you need movements that forgive me your

You're saying that our next meeting with you guys, that you're gonna need some guidance from us.

You said- No, these are discussion meetings. Got it.

When is the decision meeting? That's not been said. That's not been said. It will be sometime in September, maybe later in September. Okay.

So sometime late August or early September, we will wanna sit down with you guys to look at it. Now, most of the MUFS discussion is gonna be more focused on what are we gonna do in 2018. versus what Julie's gonna do, because we don't have the option to create our own right now. So no matter what happens, we're still opting in with the county. Because we don't have that other option yet. So the county's making the decision really at this point, correct?

Now, why are you saying that?

You're over 3500. Right, but we can't establish a rate until 28. Oh, now that's what I'm saying. For 27, not 28, we are with the county no matter what. But we're under the weird system, not the same,

Yeah, but that may be where, since you have the right, you may say, I need to reserve the rights. Correct. Okay. And get that because otherwise you might be sending a false signal. You see what I'm saying? But we need to talk further. Yeah, we'll talk further on that.

Any other quick questions on sustainability? Again, Greg will be at the council meeting to talk about his recommendation fund for the funds.

But I think it's important, again, each and every year, I wanted to write this down and show you everything that we went through to get to these points because, you know, the data just keeps coming and the hits keep playing. okay and so we just don't sit down in a vacuum and say we can't afford this or we can't afford this or whatever we really i mean we really put some time and effort in it and we know exactly where you are we know in 27 28 where you're likely to go we don't know too much after that it's a little murder but it looks like it's a good Okay, Ryan, you told me they needed the bread, so.

Yep, thanks, Greg.

Yes, thank you.

let's go one nation

Is there any discussion? Now I'll take the last one. I have a motion to approve the consent agenda for the check register for August 13th.

Approval will be announced on July 23rd as presented. Second. Mr. Juneau will call. Jason Puckett.

For.

You guys are four, four, three, four.

Next is public comment period. So I publish a comment on items on the agenda that are not part of a public hearing this evening or on any specific matter in the county's jurisdiction. If you would like to speak, please come forward. My phone's not working. My phone's not working, so you don't have to press the green button. But please state your name and your address, please.

Hi, John Taylor, 217 . I'm here tonight to let everybody know that we have someone to run an economic development partnership. And I brought her with me so that we have a chance to say hello. And I'm going to let her say a couple of things. But I'm going to say one thing before I leave. Thank you all for what you did for me for the last seven years and believing in what economic development is and what it can bring to the community. And I think Greg wouldn't have as much to talk about if it wasn't for all the new development that's happened in the last few years. And thank you for every time I've come before you for a tax abatement or recent tip dollars. You always were supportive and understood. continues successful community and this is partnership and public sector and the private sector and

I started my career in, I got my master's degree in geography, that's kind of a fun fact, it's kind of unique, but then served in community and economic development departments in Portage and Fishers. Did that for eight years, built those communities throughout the state. And then I worked in the private sector for the last last year but the real goal of my career was to sign a property group and I was there for 13 years helping leasing and development or redevelopment of anchors and the common thread is just trying to attract business and investment to a location whether it's at a community or finding an apartment site or a shopping center so I look forward to doing that here in Hemmings County And at Avon, I'm so excited. There's so many exciting things. John's really done a great job setting me up for success with Easton Gray and the Mormon church and all of those opportunities. And I look forward to building upon that. And my last thing before I sit down and let you move on is that I want to let you know that our organization is here to serve you as a partner and as a resource. partner so please don't hesitate to reach out and I would love to meet with each of you and get to know you better and what your priorities are and make sure that aligns with our organization and thank you for your time. I look forward to working with you all.

Hey, no one else coming forward, so we'll close public comment. Is there a block two department?

Steve Moore, Public Works Director. First on the list is a 100-hundred North Raceway roundabout. It's really in progress out there. Utility relocation will be completed overnight tonight. That'll be the last one. Then AES will remove the remaining poles, hopefully next week, and the dirt crews and the stormwater crews can do what they need to do where those poles were interfering. That said, the stormwater crew's doing great. They've already completed the south leg, the south side of the east leg, and they're gonna be working on the north side of the east leg for next week. Dirt crews are out there working. Milling is done. so we're doing pretty well. Here's a revised completion date. I'm going to say the end of October, early October, which I've been saying the end of the year, so this is an improvement, okay? So the end of October is when we complete. They should probably repeat that date. Road widening on Dan Jones Road, phase three, The utility relocation work continues. The transmission poles are done. The electric distribution bills still have some poles to set later this year. AT&T will begin their relocation on the west side of the Angel. As soon as their utility locates are clear. Once they're out of the way, the road contract will be able to then temporarily widen the west side of the road to then shift the two lanes to the west and then work on the east for next year. And we're widening base four. Design is progressing to . Design should be done for this fall. I don't know if we'll actually bid this fall. I mean, it pushed to 27 based on and utility locations, but that's going to be in progress. CCMG, all the commentary work is done. They're doing full depth patching on 200 south right now. next week and then they'll jump into all the neighborhoods where they've got the country. Sidewalks, we have a sidewalk and curb project going. Out to the quotes, it's out to the quotes right now looking for when we come in and that work will be done again this year. Store water utility, we received today for the Kingston Drainage Project. We only received one quote. Not sure why. We had five of our renter bidders. We responded with one. Not sure why. I will be finding out why. But it was a good price. It was $50,800. The engineer's estimate was $62,000. So it was under that. So the store board will be considering the acceptance of that quote here at the next meeting. The next meeting and once again, completed their re-breakup 900 between Gadslet and 204th, that area there. There's another section that hasn't been done yet.

And that's pretty much it. Any questions? Steve, this is a little feedback. Are you feeling like you're getting good feedback from the utilities? Are they being responsive to you, you know, as far as communicating well? Oh, the utilities love me.

I sense a little sarcasm. We have the healthy relationship. Oh, I sense a little more sarcasm.

No, I know, I guess I just throw that out there in case there's comment or room. You tell them they're difficult to work with. And that's the long part of it.

I've actually revised our contract utility coordination lessons learned right you know things that we want to make um you know better and try to avoid you know pitfalls in future so you know as things happen you know i'm trying to counter them with the contract language from future projects i think that's probably the best way to go forward so that's good i know you're in tough positions so i was mainly asking this to see if there's room for movement in that direction i think honestly i think they're they all are

working well with us i might be as well with us as anybody maybe better with us than most okay yeah that's it that's good i have a question um i thought i read recently that there made some announcements about ccmg money yes avon was not on that list i don't know what you're talking about the congestion that they were awarding

funded in the first round. They changed the program. It's not working the same way.

So basically, the state gave up another $75 million for the month they gave away in the first round. There were some administrative issues. But we were fortunate enough to have all of our issues resolved. And we were awarded in the first award of the year. Then the second round came out fourth. But we do, now that you mentioned CCMG, we do have our designer working on our application for the next round that's coming out in October. I think October. So yeah, we're already working on that. So get our engineer assessment. We're going to walk all the projections

well we have a plan in building um just updates on our hearing agendas we have one case next week on the bca agenda we have now down three cases on the bank condition for this mode um after the build the plan and flat that would have proposed for the commercial area it's the story we're drawn um not sure what actually precipitated that so had i think four new filings for september planning commission not sure if those will all make it on the agenda getting conditioners to uh complete the submissions actually so that's tbd um we're still making progress on site of our online application submission process through our We're getting closer to going live on the map. Our engineering consultant moved in so they can review everything through that portal. I don't know if they'll come in and pick up paper and film drives. So continue to do some testing and troubleshooting on the map. Hopefully that will be live in the next couple of months for the public to submit to. And then we're still hoping to have a comprehensive video revisions later this year, but we are working on possibly doing a smaller revision that might come for you sooner. As we've identified some uses that would be considered kind of high-impact uses that aren't very well called out or delineated at all right now in the media, and we want to make sure that we have those in appropriate classification, most likely so that before something like that would go in my right it would have to come from through the council presumably for a reason um and from the building side of things you should have mike towley's building activity report uh for july share any questions on any of that just reach out to me directly and the building permit increases that we all adopted earlier this year

Good evening, Shelby Craig, Arts and Recreation Director. Based on our construction projects at the Pimple Patch, we ran into some unexpected drainage issues, so we have to push our timeline back a little bit. We have to repair a pipe underground, push pavement back, I think two times now. Hopefully we can still get pavement down next week. And then smooth sailing from there. The foundation for the shelter has been poured, and the sidewalk from Avon Avenue to the Pimple Patch is complete and for ned the contractor has mobilized and the first round of invasive species removal by williams creek has been done which should have been out there on monday to go over what that project entailed we actually have a credit back for some of that so looking good there our prvc met last night i shared the capital improvement plan and 2027 budget with them obviously the omni voting powers, but I just, they are my founding board for everything, so I just bring them up to speed on all that. And then upcoming, Tiffany has been working with Crossroads on potentially, maybe this year, fitting two trails, the 150 South to Dan Jones project, and the Wayward Trail to 625 at 800 Sports project, potentially fitting those together. if not this year, definitely next year.

Any questions? What do we have on the sewer connection?

It is scheduled, day start is scheduled to be in the last week of August. What was our deadline? How long is it?

Good evening. Sean Stevens, Chief of Police. Officer Adam St. Jack, he'll be graduating from the DMO office next Friday on August 21st. We're going to be at the Morseville High School. Could be a plane building at the end of this year for sure, but could be one of those too. If you've never been to that, I encourage you to go watch that. So that's more information on that. Officer Jacob Redman, he'll be reporting to ILEA, where he's capturing August 31st. So they have all come down. Want to go in. And then on Monday, APAL and the Coastal Park Mayor Board met and convened and voted him state to vote to tender two final conditional offers of employment to two other new officers. Both of them are completing their final retirement physical, psychological examinations, and As long as all of those go through successfully, then they'll get an additional starting date from here within a month or so. We received our annual reimbursement from the UDM Crime Gaps Task Force in the amount of approximately $102,000. That goes to reimburse our payroll and our cell phone forensic technology platforms that we help support that program for investigations.

Happy to answer any questions you may have.

Those are expenses that were incurred. I'm your two new officers. How many officers will we have on board?

That will be 44.

And if we filled all of our sets, are we not going to be getting to here?

Yes and no, because we originally set aside the two positions that we were going to fill, the president and We have seven on the current list, I believe, as of yesterday. There's, of course, the bottom of the list, so I think it's harder to get quality candidates once you get down there. We just got two from there, so they're really good. So this list has been unusually good. Usually, after we have a list of 30 reminders,

I think right now we've got six on this list.

We have some others that we're pretty confident in, so we're pretty hopeful it's gonna happen. Yes, sir.

Good?

Thank you. I see you guys' reports. Since you get your reports, check your emails. If you have any questions, let me know. You'll hear about it later when we start budget season. Great to be able to go over everything. My favorite time of year. And just, you'll be talking to me a lot more about the must. I am your representative, so whatever you guys decide, just give me a direction and that's how we go. But most importantly, just review those reports. If you have any questions,

All right, moving on to council comment and release on reports. Steve?

I think our work session, I'm sorry. I think our work session, we covered A-level logistics about the background with the comments of the board and then the chat. Brian was very good about covering all that. So I won't wanna go on anymore. I'll just say that they're having good interaction. You're not just having a board that needs and improves funding. They are going through this, as Brian, the way they're in the work section. They're wrestling with some of these copies, and they're thinking through, and they're making sure there's a clawback, that there's not an open book, and that the bonds are being born, in this case, by the Chicago Industrial. But I have to say, I've been impressed with listening to it. It's kind of fun being on the listening end and not being able to say anything. That's a tough part.

ryan ryan puts his back to me i'm back there behind him and i i'm trying to get his emotions but well he just he's sitting there i feel i feel terrible no that's all thank you thank you okay i'll just say that there's a tax away day coming on saturday august 22nd that will be at the fairgrounds this time and there's many fairgrounds entering by And then there's a community shred happening Saturday, October 22nd. That's going to be at the library. That's it for me. New business. On the 27th, budget introduction.

Very good. It's just going to be here. They've all got a copy.

Okay, I can never all copy. I didn't print much. Thank you. I'm getting money. is our usual uh step one which is kind of giving you the trend of the budget since 2021 and where we're paying the 27 total budget by each fund okay now you might notice you've got a brand new fund and you might say well where did the building and construction fund come from and did you and ryan just decide to do a new fund well obviously we didn't because julie would have had something to say about that the state of indiana believes that actually the builders association believes that uh most municipalities are making a ton of money off the building and rent these well i haven't found one yet i'm still looking for the county or city and jan maybe you saw something i don't know anybody that's making a ton of money and so they've reported us now affected one 127 to set up a brand new fund and so that's what we've done here with the 635 we've had to keep some of it in the general fund because and that's what the footnote says down there if you can read it uh but what we've said is that it's going to take basically from january 1st we're not going to have any breath okay and so we're going to have to pay some of the starting uh starting numbers out of the general fund now what we've made the suggestion and hendrix county is doing this too their building and planning is that from from here on out they're taking their money and that they collect on building and permit and putting it into this new fund i am suggesting that's probably what we should do so not put it in the general fund but now start transferring it by resolution subject to a resolution so that julie's just not doing it because she wants to with council's approval and so we would then fund that like September, October, November, December, and hopefully have a beginning balance. We may have still a day in that fund that we'll have to make up, but ultimately we want to get all the expense in there, get all the revenue in there. And then if it takes refilling it with some other revenue, you know, that's what we're going to have to show because they're going to come back and say, either see, you are making a lot of money or they're not gonna say anything and you're gonna say, this was a huge waste of time. It's kind of like when we created the LIT general fund on the county level and that went away about three years because it was a huge pay and wasn't worth it. So we've got some of the, about 300,000 within the general fund and most of them giving you the updated fund balance Keep in mind, interest income, Julie's been doing a fine job and we're getting a lot of interest income, but that's really what built up our cash balance along with what I call the pennies from heaven, which is the supplemental width that drops in. And so we've pegged the general fund at 10.6. And as you can see with the NVH, we've got the NVH restricted or unrestricted and restricted. 2 million 150 the 450. the lrs keeping it the same and by the way you know we we do believe that we'll be made whole with the gas tax and so you know from this the quote surplus and so everybody's depending on that and receiving the budgets of expecting that money to come in and i think you even got some of it How much are we expecting to get? I don't think we, I don't know if we've got a tally on what we've lost so far. Do you know that? The amount that we're not getting in gas tax right now because of the adoption. We'd have to get you that. Yeah, we could look it up.

Like 70 something. It was like 79.

Yeah, in total. Yeah. So the municipal surtax and wheel tax, obviously that was new for 26, and we've got it pegged now, and we've got a better handle on the revenue. Remember, there were guesstimations at the time all the way down. There's our new lane mile, which we're expecting to use that money as the grant match. for the CCMG along with the wheel tax too. And we talked about budgeting that specifically for the grant match so that we can say your local dollars, if you're paying in, are paying two for $1. It's building $2 of roads for every dollar we use. So that's awesome. And it's being spent. Now you've got it where it's being spent here in eight months. So that's really awesome. DCI, CCD, we left those fairly close to the same. Food and beverage, we're keeping that the same. We do have fine support for the bonds out of that. So the bonds are not at risk in any way, shape, or form. Our Parks and Recreation Fund, we're depending on those dollars coming in around 1 million of user fees, I believe, Brian. And so those are building up a little slow, but we're hoping that that will continue. Riverboat, we don't really do much with roundabout yet. And then the rest of them on down are pretty insignificant other than the stormwater. Again, we were reconciling the first half of revenue and realigning any time we thought that revenue was not to support these levels. And things like the rainy day fund, 250,000, you know, I can talk to you about the work group I swam here from Rushville yesterday. And so, you know, sometimes some things happen and, you know, tornadoes hit, we've had catastrophic floods. This money is pinpointed for emergency oven. But if that happened to you yesterday, You could be using it today. So it's already appropriated, would be already appropriated and set aside. So that's kind of a rundown. What we're doing now with Brian is we've met with the police chief and that went real well. We've met with Parks and things like that. We're building the individual department's offline budget up to this amount. And then this gives the department heads a little understanding know we're not able to fund things a million dollars more so we all have to kind of share those dollars in that we're going to be increasing the budget so that kind of gives us an understanding of where we can allocate and share right so right anything you think i missed okay so questions from council again step one of many steps to go

in that building and construction account? Why? But you said that we were gonna loan some money from our fees and permits and stuff. What number would we have now?

Well, there's nothing in there now because the fund, so actually our attorneys will be drafting the resolution for you guys to create the funds. Once the funds are created, then we can start transferring money. But currently we're bringing in about $600,000 a year in planning and building permits. so we think we'll bring in a little more than the 600 next year but that is a loss of six hundred thousand dollars in revenue in the general fund though as well so you're really moving in between and there's a net of still 300 correct and so when you guys actually see when we do the general fund presentation at the next meeting you'll notice that several employee salaries from planning building are actually now in my budget because didn't necessarily fit the purpose of the building and construction so like our code enforcement officer what he's doing doesn't necessarily isn't being covered by those fees we need to show a direct correlation between those fees and covering the actual costs same with the administrative system assistant or perceptionist i moved that position into the town manager's budget so we were subsidizing that whole department. So it's going to look a little different when you guys see it, when we do the general fund presentation.

And by the way, most of the legislative conferences, this was not covered. The guidance from the state board of counsel has been pretty limited, but everybody thought they had to do it July 1. Then the state board of counsel came out and said, no, that's not practical. It's January 1. And so it was kind of a big surprise it's a lot of effort for them but we got to do it and we want to we want to try it this way for 27 if we can move over all the expenses in 28 we want to do that because like i told you someone will they'll take your annual report and they'll run an analysis on it when they after they do the audit and they'll say if you have 250 000 in there they'll succeed they're open charges So stay tuned for that. Yes, sir.

Well, I agree with what Fred said. The analysis is going to show that the taxpayers of the town are supplementing new homeowners. That's what it's going to show. And the builders don't pay that cost. They pass that on to the stable home. So I'm not sure what their complaint is. That's what it's going to show. It's going to show that existing taxpayers supplement new homeowners. And I think that's what the data is going to show. Then the data should, if you're driving policy data, then we should raise our fees again, right? So the taxpayers are not supplementing that. But that is what, you're going to be talking to your legislators. The stark reality is different than the narrative. You should be prepared to confront them.

And Dan, as you noted below, you can only raise your fees

a fee which exceeds your cost of delivery of services that makes sense to everyone now what they've done is they've said you can't even have a fee that covers your cost of services because we actually think that you're making money it's not a factor in conversation when it is a factor in conversation that you get back to the way it was or you basically need to be adamant

you do one raise in one five years you know if you would like to give your employees three percent raise maybe or two percent raise each and every year you'll be behind me before we even start but your legislators are telling you that they want your tax to they want all the citizens that they want to pay for the new heads of the bill anymore that's what they're saying that's what's going to happen so we should protest So, summary or questions on what we've done here on a high level, and you'll get us all the recorded details soon.

Thank you. Any other questions?

Okay, thank you. So maybe just another quick reminder, this was first step in the process. Your second meeting in August, August 27th, we're gonna present the general fund with the detailed information And then the first meeting in September, we'll present the non-membrane plans. And then you'll still have another discussion, the second meeting in September, and then budget adoption is the first meeting in October.

Okay, moving on to ordinance final reading 2026-10, authorizing the final series 2026 for the runoff of the two.

Yes, this ordinance is final reading on the ordinance, which establishes that the authority This is anticipated to be $5.35 million in developer-purchased bonds for the Lennar TOPA phase 2 B project. The bond establishes not only the authority to issue bonds, but also the parameters of the bonds. With approval of bonds, you'll also be approving two other documents that are also in your packet. The first supplemental trust indenture, and the trust indenture is like the mortgage on the bond. uh it's an agreement with the town and argent will be the trustee uh and also then the first supplemental financing agreement and financial grievances is the underlying agreement between the developer and the town as to how the funds can be used for the issues i'd be happy to answer questions this is the second meeting no discussion well entertainable May the motion be approved on the 2026-10 authorizing Bonsor's 2026B to the Lennarville Project 2 project as presented. I'll second. Oh, someone else seconded. I'll let Jason, I'll defer to Jason on the second. I'll be the third, though.

It's your leave, I'll call the vote.

I'll allow the vote. I'll call the vote. Seaman Mark? Forth. Jason Buckett? Forth. Craig Dixon? Forth.

Okay, so second of the two public hearings or comment period, if you'd like to come forward and say your name and address. No one touched the speaker, so we'll move on to council comment.

Yes, so as a reminder, we did talk about it at the work session. Your next meeting is August 27th. We will have an executive session at 5.30, followed by a council meeting at 7 p.m. And then there's one other date to celebrate, and that is Dawn Lattin's birthday tomorrow on the 14th. So happy birthday, Dawn.

Thank you. Thank you.