Montgomery County Council - Regular Meeting

receipt of the same series transfer, the county financial report and redevelopment authority report and solid waste district report. Move to approve. Second. Got a motion to second. Any questions or discussions on that? All those in favor signify by saying I.

Any opposed? All right. Any public comment on any of the agenda items? Okay, moving on. We'll go to money matters. Sheriff has a few transfers or appropriations. Good morning. Um the first one is just south overtime uh that we've been doing since our deputies been off. um two and three or they're for a vehicle that we crashed. Um it's just insurance reimbursement. We're just looking to put that back into the vehicle purchase line. And the fourth is the special donation. Um New Course donated $5,000 to the office um for the purchase of drone equipment.

Okay. I move approval. Second. Have a motion and a second. Is there any questions or discussion for the sheriff? All those in favor signify by saying I. Any opposed? Thank you.

Thanks, Ryan. Uh, rest probation. Good morning. Um, Lindsay Pondo. I'm the assistant chief at the probation department. Um, we received a grant known as the Justice Partners Addiction Grant, also known as J part. This is our seventh year of receiving it. The funding is being directed to pay for a partial problem solving court case manager salary of 35,000 and community outreach supporting the recovery rec center of 4,000. Justice involved client treatment. It's a partnership with Cummins Behavioral Health for 14,000. And then problem solving court team and probation training to focus on the opioid crisis. I'll entertain a motion for approval of those.

I move to approve. Motion second. Is there any questions or discussion on those items? All those in favor signify by saying I opposed. Thank you. Thank you.

And we do have one transfer from commissioners. Um the commissioners are requesting the $10,000 they had set it aside or the appropriation um for the intern to go to the trainee position um for the replacement for Lori. Not that you can replace Lori, but um um but yeah, we're setting up a line for that traininee and taking that $10,000 preparation, moving it over. Okay. to approve motion second. Any other questions or discussion on that? All those in favor signify by saying I.

Any opposed? All right. Thank you. Moving on to new business. Uh public hearing for the Lynen Carnegie Library project. I guess before we open the public hearing from Lyndon like to speak to it, please.

I think there's a couple of us that can speak to it, but I'm Kathy Watkins. I'm the director of the Lynen Library and I've been there for 21 years this month. 21 years ago, I walked into the London Carnegie Public Library and I saw a quiet space with dreary corners and untapped potential. Today, I look around and I see a vibrant, thriving sanctuary for our community. Since our major expansion in 2006, we haven't just doubled our square footage, we have doubled our impact. From our dedicated children's area and young adult section to the historic 1922 upstairs where we house our adult collection, we have breathed new life into these walls. Celebrating our 100th anniversary wasn't just about a building. It was about a century of stories, including the ones we're still writing today. I'll never forget when we were finalists for the Who's Your Heartland State Bank best nonprofit in McGomery County contest and Trey Etches from HHSB came to my library and he said, "Why a library? Why was a library nominated?" I didn't just tell him. I showed him. I showed him what the faces of the people we serve, the lives we touch, and the gap we bridge. When he said, "I see it now." And we were awarded the $5,000 first place, it validated already what we knew. We are the heartbeat of the community. Our mission is simple. Make reading a joy, not a chore. Amy King, our devoted children's clerk, doesn't

just deliver book boxes. She delivers magic to our local schools. Our Read forbead program is igniting a competitive love for literacy. Our summer reading program draws children from across the county, supported by the incredible generosity of our local farmers and businesses who believe in our kids as much as we do. Whether it's the lively lively petition of our Tuesday yuker club or the vital technology access provided excuse me by our public computers or the specialized support we offer our growing homeschool population. We are a lifeline as an evergreen library. We offer our patrons the world connecting them to 130 libraries across Indiana with a click of a button. Our 1922 Cardig building is a masterpiece, but even a masterpiece needs care. To continue being the center of this community to keep these doors open and these programs thriving, we must address the repairs that time has demanded. We have partnered with Tecton Construction to prepare a facility study, which Dustin will address next. I respectfully ask for this additional This isn't just a request for maintenance and it's an investment in the next 100 years of London's history. Thank you for your heart and your support. And I'll hand it over to Stacy to discuss the updated repairs needed.

Good morning. Uh I'm Dustin Oliver. I'm with Tekkong Construction Management. Uh we were asked to do a facility assessment of the Carnegie Public Library. Um and we we did that on February 20th along with some other follow-up investigations. Uh the intent of this report is to just to present the existing conditions of the facility. um and wow and drawn focus on aspects of the interest of the director and uh standard maintenance aspects recommended for long-term care of the building. Our goal in this assessment is to help you to keep the library in the best possible shape while ensuring that it remains a welcoming and reliable space for the entire community. So some of the aspects if you can go to the next here go to the next one. Uh some of the aspects that can need looked at would be cocking of the windows. A lot of the cocking is cracking uh and needs replaced or repaired. Uh there are some windows that need cocking. It appears that they have never been cocked. You can go to the next one. Uh the monument sign out front uh is in need of repair. The brick veneer uh needs restored, replaced. Uh it's cracking uh beyond repair. We go to the next uh exterior doors. the the ADA entrance uh the building isn't closing properly. It needs adjusted the and then the west door on the first floor um is rotting and needs replaced. There's water infiltration coming in at the main entrance uh from the street there um that's leaking into the basement. So, that would be uh taken care of. the parking lot uh could be resealed and striped. Interior finishes uh starting with paint. There are some wall wallpaper on the walls that uh is in need of uh repair or replacement or a new finish

along with painting some of the rusted areas in the building. Um in the children's area where there's a lot of plaster uh a lot of that plaster is cracking due to underlying issues. Uh so that would need to be addressed. Also there are some ceiling uh drywall repairs that are due to uh HVAC condensate leaks in the ceiling. Those need repaired. Refinish and replace damaged Carnegie doors and trim. There are doors in the basement that uh have damage due to water infiltration. Those need replaced and repaired. Uh flooring, the uh upper floor in the 2006 edition in the Carnegie section needs replaced as well as the the floor in the Carnegie section at the lower level. Go to the next one. U the there's different wood trims uh on the upstairs. We could all get rid of the separate wood trims and make them all match so it all looks uh period to to the time period. Uh there are trims that also need finished uh in the same room. They didn't take them all the way around the room. Uh so to finish those to help finish out the room would would do a whole lot in those rooms. Uh acoustic ceiling tiles. There's a couple rooms that have acoustic ceiling tiles that are sagging. Uh those could be replaced. by two sections instead of 2x4s to get rid of the sagging. The HVAC units uh in the attic space above the 2006 edition are reported to be oversized. Um these need further investigated, but these units are also 19 years old. Uh industry standards say that 20 years is the full life expectancy of these units. So we would look to replace at probably at least three of the four units uh that are in

the in the library. uh lighting. There's inconsistent lighting and then very dim lighting throughout some of the areas of the library. U we take a look at that and get everything to be more bright and uh more consistent throughout the library. The project will cost approximately $548,000 to complete the renovations. Um the timeline uh if approved could begin immediately. um as whenever the library would want to schedule that to be done. Any questions? Thank you very much. Hi, good morning. Had a lot of coffee this morning, so I'm ready to go. So, I my name is Lacy Vashan and with me is Anna Medina. We're with Baker Tilly, so we serve as the municipal adviser for the library. Um, I'm also from McGomery County. Actually, it's good to be back in Crawford'sville. So, thanks for having me. Um, I did want to share I learned something new about libraries like I do often, but I didn't know this, but there's 164 Carnegie libraries in the state of Indiana um that were built in the 1900s, and currently there's 106 that still function as public libraries. um with Lynen Carnegie Library being one of them which I think is pretty amazing. Um the first Carnegie Library was actually dedicated in Crawford'sville in 1902. So I didn't know that as well. So learning new things. Um but kind of diving into you guys should have a packet with you called the proposed financing information. Um so I can kind of walk through that. So if we go to kind of that first page. So this is the current existing debt of the library. So currently the library only has one bond

outstanding. It's those 2020 refunding bonds. As you can see, they do fall off after this year. Excuse me. But I do think it's important to kind of look at this. This kind of tells the story of what we're going to talk about when we take on potentially potentially this new issuance. So in 2024 and 25, those payments were around that 70,000 amount. Okay. Then you can see in 2026 those drop. So that drops about in half at around 35,000. um with that uh in 2024 the tax rate was around 4 cents. In 2026, that tax rate is about a cent, a little over a cent. So those are kind of correlated. So as those payments fell off, that tax rate dropped as well. Um so just want to keep that in mind as we're thinking about bringing on a new issuance starting in 27 on why we kind of structured it the way we did. So we'll kind of talk more about that if we move on to the next slide. So this page is a calculation of the general obligation debt capacity. Um so schools and libraries all have this calculation they have to abide by. Um it's the uh your latest assessed value. So it' be 2026 assessed value um for the library divided by 3 * 2%. So just a formula um gets us to a little over $944,000 in geo capacity. So that means that's how much the library could issue up to for a general obligation bond. Okay. So then if we move on to the next slide. So with that in mind, they do have we are planning on them issuing go bonds um because these are under that limit. Uh so we are assuming that they would borrow around $670,000 and the estimated proceeds available for the project would be around $560,000. Um which matches up with what Tecton was kind of estimating they would need um with a little bit of buffer in there.

And then um we're estimating their repayment term to be around 15 years. and we kind of arrived at that 15 years because like I was telling you in the 2024 their payments around that 70,000. So in 2027 we're bringing those payments back up to around that $70,000 level. And with that par amount in mind that goes about that 15-year time frame. That 15 years five months. And then we're estimating the interest expense to be a little over 380,000. What I do want to note with that though is we are assuming 6% interest rates. That's there's quite a bit of buffer in there. Um I would say like two basis points in there. Um so so we are so we would expect that interest expense to come lower than that amount that we're showing. And then we're estimating the max payment which really is going to be for these because they're just going to be 15 years level really just the annual payment which is again around that 70,000 amount that they had in 2023. um because their rate dropped as I was explaining in that first slide um this year there will be a tax impact to bring it back up to where it was in 2024. So we're estimating that tax impact to be around three a little over 3 cents. Um with that in mind that would bring their total debt service rate back up to that little over four cents again that they had previously in 2024. Are there any any questions so far? Okay. All right. So, kind of moving on to the next slide. If you're a visual person, um like I am, I think graphs are always nice. Um nice spring colors as well. A little bit of purple and green. So, on the graph, you can see again this tells the story that that we've been telling in 2024 and 2025. Those payments around 70,000. You can see that line. That's the estimated debt service levy.

um which is associated with the tax rate as well. So then in 26 you see that drop. So it drops um that drops around that 1 cent and then in 27 in that those purple bars that's the proposed 2026 geo bonds in the purple. And again you can see 2027 is in line with where that 2024 levels and 25 levels were at being repaid in 2041. Okay, if we move on to the final slide. So again, um there is an est there is a tax rate impact associated with this. Um we are estimating it would be a little over 3 cents. Again, just emphasizing to bring it back up to those that 4 cent level where the library has been. Um and so I'm not going to go through all of these numbers. Um, but if you can see kind of that second row, uh, the bolded according to kind of the US Census Bureau for McGomery County, the median home value is a little under 200,000. So around that 195,700. And then you can see, so the net assess value, so taking out deductions, it's around 84,000. And then brings us to we would estimate the monthly impact to be around $2.58. And then annually we would estimate to be a little over $30 a year. Again, that is for just the 195,000. And you can see kind of those other values of homes and then the tax rates associated with that. And then um per kind of one acre of a land, we like to put that on there so that people can use that as a multiplier to kind of figure out what that might be for them. So per one acre about six cents a month and then about 69 cents annually. Um, and then kind of that non-ag property subject to 2% cap. So, think rental properties, vacation homes, um, long-term care facilities, that kind of thing. That would fall into that category. We're estimating the monthly

impact to be about $2.70 and then a little over $32 annually. Um, and then lastly, commercial property being a little over $3 a month and then being a little over $36 annually for that impact. And um so again just pointing out a couple assumptions. You know the interest rate assumption at 6% that is conservative. There is buffer built in. Also for assessed value assumptions we're just assuming this like 2026 assessed value is staying constant. We're not assuming any growth in those numbers. Um frankly we don't know what's going to happen to assessed value. So we're just keeping it level for now and we'll kind of um you know revisit that as as it comes out for next year. Are there any questions on the financing information? Okay, perfect. Thank you guys. I'm going to pass it on to Sarah with Ice Miller and go over some legal information.

Good morning everyone. I'm Sarah Carell with Ice Miller. to serve as bond counsel to the library. Um really just want to review some procedural and legal um issues about uh this bond issuance. Um so first of all in front of you you will see a proposed resolution much like our resolutions and ordinances for the county's bonds or any of our local government bonds. These are parameters resolutions. So these are our maximum amounts that we're setting forth. Um I also want to address why we're here. So libraries are um a little bit unique. We're a little bit different than all of our other governmental entities and that the board is appointed rather than elected. And because their board is appointed not elected, we are required to receive fiscal body approval in order to issue any debt. Um so as part of that process, we're asking you to do two things today. The first is to hold an appropriation hearing and the second is to consider the proposed resolution. Um finally want to address that this is the libraryies debt. This does not count the county's general obligation bond capacity, nor is it um an obligation of the county in any way. Um with that, I know you've heard a lot from the library, the construction team, and Baker Tilly. Do you have any questions for us?

All right, thank you for having us. Okay, thank you everyone for that information. So, I will say the public hearing is open. Is there any other public comment on this item? And council, I've got a copy of the resolution. You don't have that in your packet. So, okay. Hearing none, we'll close the public hearing and I'll entertain a motion to approve the resolution to let Lynon proceed with their bond issuance.

Yeah. As a resident of Madison Township, I support the request. U those folks do an awesome job at the library. We appreciate it. Um I move approval of the resolution. As an educator who believes in books and doing what you do for the community, I second that motion. A motion to second. Is there any other discussion or questions from the council? All those in favor signify by saying I. I.

Any opposed? Thank you everyone. And then moving on to public hearing for resolution 2026-7. I'll open the public hearing. Yeah, this is the uh second step in the new court towers abatement request. As you know, Newport Towers um began their project before they requested the abatement. um we were aware of that but as a formality we need to wave that non-compliance. So resolution 2026-7 would uh wave the non-compliance for that and then if approved we would move on next to the actual tax abatement request itself.

Yes. So we open the public hearing on the waiver for the resolution 2026-7. Is there any comment on that? Everybody just looking at me. I'll close close the public hearing and entertain a motion from the council. Have a motion, a second. Is there any questions or discussion? All those in favor signify by saying I.

Any opposed? Resolution 20268 is the second uh step of this. This is New Court Towers. Again, the abatement request. You approved a declaratory resolution on February 10th. And your uh this next step, you will conduct a public hearing on that abatement. Just as a refresher, the Newport Towers project which is on uh County Road 500 South where it teased with Newor Road is u approximately $41 million in real estate improvements which you can see now they're up $134 million personal property. The statement of benefits which are attached to the resolution you've seen before indicate that 200 new jobs will be created with an approximate payroll of $15 million. Your preliminary um approval sets the stage for today which would be conduct the final hearing and then consider final approval of the tax abatement. You can see the tax abatement schedule which is consistent with the agreement the county uh entered into with uh in its economic development agreement and it's a level uh abatement on both real estate for 10 years and personal property for 20 and the only condition uh on this would be the execution of uh the taxpayer agreement which supports the water bonds. We do we have reached an agreement with Newport Towers on that on the wording of that and uh that um appears to be resolved. So um you should conduct your public hearing. I'll be happy to answer any questions.

Okay, we'll open the public hearing on resolution 2026 uh-8. Sorry, I lost track which one was on there. Any public comment on that?

Oh. It's all new core. Yeah, okay. Okay. Hearing none, we'll close the public hearing for resolution 2026-8. I'll entertain a motion by the council. Second. I have a motion and a second. Any questions or discussion on that resolution? Hearing none. All those in favor signify by saying I. Any oppose? All right. Now, this is a public hearing as well. Yeah. No,

no, this is just a Okay. So, resolution 20268 regard is regarding new core corporations new core codings project uh which is across the street from Newore towers and as you I'm sorry, nine sorry nine too many resolutions. Uh this, as you uh may recall, is it's even a larger project. $71 million in real estate, estimated 435.5 million personal property, 80 new jobs with a payroll of $10 million. This is again exciting project for our community. Uh this is the first step of your declaratory resolution which would put into place the process. Uh the resolution as you know would make findings based upon the statement of benefits finding that they are reasonable. The statement of benefits are attached to the resolution for both the personal property and real estate and if approved this would then have you would have a public hearing at your April meeting and also uh deal with the waiver at that time. Also, Eric Radkkey is from here from Newore today and he can tell you more about the project.

Good morning everyone. I think Dan just made me feel better by uh 8 8 verse 9 resolution. Uh like Dan said, our investments currently uh under construction. We're actually in the process of commissioning currently. Um should be done by the end of the year. We're very excited for the reinvestment this community and the partnership we've had for the 37 plus years. Do you all have any questions for us? Okay. Thank you. Yeah, we're really glad that you brought the project here to McGomery County and Newport continues to be a great part of this. This is a really large investment and um exciting time for them, exciting time for us. And as the council knows, the plan is to uh capture the real estate taxes into TIFF and then to use those funds to help finance the new bridge project.

Okay. So, in a public hearing, right? Okay. So, I'll entertain a motion on resolution 2026-9.

Have a motion, a second. Is there any questions or discussion on that? The only thing I just think is this is a great thing for McGomery County and you can see how excited he was to get this thing up. Jumped right up. I think it's a good thing. Yep. Anybody else? All those in favor signify saying I. Any oppose? Thank you. Thank you to Newore for your investment. Next up, Miss Mindy.

Hello. Good morning. Um, as you guys know, every year the auditor's office is tasked with doing the annual financial report for both the county, the redevelopment authority, and the solid waste management district. Um we're only going to touch on the counties um today, but just wanted to kind of give you a walkthrough of what we have to look at to uh provide to the state. And all this all of this information is what goes to um the state board of accounts when they come back and do their audit every year. So this is what they're auditing and what they're looking at. So um we'll just do a quick run through. As you guys may or may not be able to see, it's a 100page report. We're not going to go through this in much detail, but we'll do a overview. Okay. Um try and get you guys out of here pretty quickly for the fire alarm. Um the first thing that we look at uh is the it's what you guys see monthly is the schedule of balances report. So it's a starting balance, all revenues, all dispersements, and then an ending cash balance. This is for the year. We provide that to you guys monthly. So, um, none of that should be of any shock or surprise to you. So, that's all of all of the funds. We have over a hundred active funds. 200 active funds. How many funds? We have a lot. How's that? Yeah. Depends on how many grants we have usually. Um and then it just breaks down um each of those receipts into categories. So is it a license, a permit? Did it come from um another government or is it a tax? Um like the financial institution tax or commercial vehicle excise tax, that kind of thing. Um is it a charge for service?

Is it something that we bring in um as a fee like building permits or or stuff like that. Um, so it just it breaks each receipt down into its own individual category by fund. And that is a lot of the beginning of it. And then it does the same for dispersements. Um, let me get through to the next portion. It's a lot. have a lot of funds in a lot of categories. Hang on. Here we go. Now we're on to dispersements. Um is it a payroll? Is it a supply? Is it a service that we pay for? Um those those types of things. And again by by breakdown by fund. So we're not going to go through all of those in detail. Then we have to put in what kind of um it lists each fund and what type of fund it is. Um of course we have the general fund. Most of our funds are special revenue so we're bringing in money. Um it's kind of a miscellaneous category if you will. Um and that's most of our funds. We do have capital project funds um and debt service debt service funds. We do have some custodial funds and the custodial funds are monies that we receive um we hold on to and then we disperse out. A lot of times they're state funds. So uh money that we collect for the state and then just send right back to them. It's fun being a money launderer sometimes. Um we also have to report on all of our debts. Uh these are the debts that we have current and open. You might notice

that um um it's broken out between long-term debt and short-term debt. The short-term debt are usually just the reconstruction loans and what we have there. Um what we've started with, anything that we added, any payments that we've made, and then an ending um and then principal due um for next year or what would be this year. Um, one tricky thing we learned from the audits is between the RDA and the county, um, if the RDA has debt, which they do, they have one, it is a lease from the county and a debt to the RDA, even though it's the county that holds that. It's It's a really weird way they do that. Um, but we got hit on that last year. Um, and they've changed the way they look at that. So, the even though it's RDA, even though it's county money, it's a debt to the RDA and a lease from the county. So, you don't see you you won't see one thing here that you might What was it? It's the bill. Yeah, it's Yeah, I don't remember which one it is, but we can look at it. Um, these are funds that ended in the negative. Um, don't be too alarmed. The payroll clearing is a matter of uh timing uh bringing in money from everybody's checks and paying all the bills. It just ended on a negative, not not anything terribly not anything concerning. Um, and the rest of them are are grants and we will look at those grants, but as long as it's a reimburseable grant, it's okay to end in a negative. So, um, we just keep an eye on those as we go through the year and make sure that they're getting reimbursed the way they should. We do have some that we need to look at, but

none of these are of any concern to us at this time. Um, we have to look at leases. Anything that the county leases um of a material value, we have to report on. So, we have the all the stuff for the public defender. Um the all the vehicles that people drive, um some copers, you can you can see it all here. The CCC uh radio lease. Um, and then the there is the there it is the construction and improvement the temporal 2022 that used to be on the debt schedule. Now it's on the lease schedule and it's on the debt schedule for RDA. So um these are transfers in and transfers out. um for any inner fund movement. Um and we did have two and we just make sure that those two balance. Um, and the pre-trial diversion money comes from a clerk user fee and sheriff pension holding goes to or I'm sorry the we collect money in the general goes to sheriff pension holding and then that gets paid to mccreen and king for share pension. One of the biggest things that we have to do or hardest things we have to do is look at all of the grants. And these are just federal grants. And we have to report on each of the federal grants that's out there. It doesn't sound like that. That's very hard, but a lot of them are most of them are pass through grants. And it's difficult to know if it's a um state grant or a federal

grant, which is why we require the uh grant agreements at the time we set those up. Um, and these are all of the federal grants, the uh state looks at that and if you hit a certain limit of federal monies that you receive um from for a year, that determines whether or not you're going to have a federal audit as well as a state audit. And we do almost always have a federal audit in Willigan this year. more grants, capital assets. Um, I would say by far the hardest thing to do on this thing and I Jennifer is the guru on that. So, we have to look at anything. Our limit for capital assets, our um our determination on whether or not it belongs on this report is is it above $5,000. And so that includes land, that includes buildings, that includes Burmers. That is that right? Burmer. BM. Yeah. Machinery. Thanks. Um, all the police vehicles, anything above $5,000 that this county owns goes on the capital assets. And we have to break it down by category. We have to break it down. Um, Jennifer has a formula that she uses for depreciation and um, yeah, we do have a system that it all gets put into, but um, that is a that is a group effort all the department heads and mainly Jennifer. So um, oops, my bad.

Okay, the accounts receivable and payable. It's a little it's stated a little funny here, but the accounts payable number represents I'm going to get this backwards. Um, yeah, thank you. I couldn't come up with the word. um all the incumbrances that we had from 24 to 25 to 26. I'm I've been sick. Let me just put that out there. I'm just now back. Um 25 to 26. So, the accounts payable is the amount of incumbrances we have going into this year. The accounts receivable are any monies that we expected to receive but didn't have them yet. And that's usually unpaid taxes. Thank you. Yeah, that comes straight off of the taxation system and I think treasurer usually reports on that number as well. Um, this shows any financial assistance that we've given to non-governmental entities. Um, and it's kind of a neat one to see everything from 4 Valley Oaks and the newest would be the McGomery County Early Learning Center. So, these are monies that um that go to non-governmental entities that you guys support. Um this is part of the pension. Um we have to report on all of the sheriff's pension stuff. So, we're not going to go through that, but these are some of the questions and answers and um information that we have to give. This would be more

of more Brian's alley. Um and we work with his vendor to get that information. More pension stuff. We might be at the end of it. Let me Yeah, there we go. Um, all of these reports, the RDA, the county, and the solid waste management district, all of these reports can be found on the county website as well. Um, but that is just an overview of the things that we have to look at and report on each year. So, does anybody have any questions for me?

Thanks, Mindy. Uh, anything significant, stand out, any changes, anything as you look report.

No, I I would say it was a pretty pretty normal year for us. I mean, nothing that changed drastically. Like I said, we had a couple more things on the um non-governmental, you know, the early learning center being added. That was that was one. Um but nothing I would say that stood out greatly. Can you think of anything? This is something that Jennifer with internal controls. We both have to do it and then we have to send it out and get it approved. Matt knows this. I on the solid waste when Iounded him day and night for that. Not really. It only took me once. But um but no, I would not say anything. We continue to have a ton of grants um which is great. It's just it I would think that any department head that works with them and our office, it's a lot of work. But nothing nothing unusual this year on the McGomery County website.

Yeah, all of them are available on the McGomery County website. This may be a question maybe Dan Mayfield, but back with the RDA, the money that they work with becomes a lease to the county. What does that mean?

So what we did, this is the temper bond. And so, uh, we had a combination thereof of, uh, RDC had a bond and the RDA had a bond. And so, the RDA operates much like a school building corporation. Uh, so it's a lease so that that debt doesn't count toward the limit. So, the RDA, the county transferred uh Comfort, a part of Comfort Drive to the RDA, and the RDA leases that back to the county with the lease payments the county makes to the RDA. The RDA pays the bonds. So, it's just like a high school building corporation. And that's how our RDA functions in the past. It's completely not Mindy's fault. the uh state board of accounts took the position that that was the dead of the county and then they changed the rules right as the pitch was in the air and they said, "Oh yeah, that's not our rule anymore." They just didn't tell anyone. So that's what happened in the audit. We and I I complained to them a little bit saying, "Well, you could let us know." But that's what it was, Gary. And we we may have that same scenario on the new corporate bond. I'm not sure yet that decision been made, but that's what that is. So it the liability to the county is it the total amount of the debt or is it just the lease payment?

Just the total amount of the lease payments is is our obligation is the county's obligation and the debt itself rests with the RDA. Thank you. And then so because it rests with the RDA, it doesn't count towards your debt limit and that's the only way schools get built in Indiana. Same with us if we reach that. When temper came in, we only had so much bond capacity. You heard the uh representative Baker Tilly talk about this and so when we get close to that and yet we know we're going to have revenue to support it through tax payments. This is how you uh maneuver.

I think asked the question one because I think the general public needs to understand a lot of this stuff going on. I mean, there's all kinds of agreements in the background that like New Core, if their revenue doesn't make the bond payment that the redevelopment corporation or RDA is set for, they're under obligation to step up and make that difference and and we work hard not to put the taxpayer in in more jeopardy because of the developments that's going on.

Yeah, that's a good point. I mean, really Um the water line as an example that's going to be paid for by one taxpayer new Towers the bridge will be built by really the tax from one taxpayer new core corporation and yeah that's exactly right it's a good point and I think I think about the AFR other than it's a tremendous amount of work but uh all this information is public and in in the detail of this report it's amazing the detail but um When I hear people say, well, you know, I can't find any information about your finances, uh, it's all available in including every motor vehicle we own. It's on that capital report. Every I mean, it's the details amazing. So, if people want to know, it's all it's all out there, including the RDA financing.

Just have one other com to thank the auditor's office. I don't think that a lot of people understand how busy you guys are. It's a busy place. Thank you. Good. Thanks, Mindy. Uh, any old business, any funded organizations, department heads.

Good morning.

Uh, just wanted to give you guys update on roads. Um, so obviously with the rain, we haven't been able to grade gravel roads until this week. Uh, we have hauled stone and pick some water holes here and there. Um, pothole season, so we're out patching. Got a lot of patch crews going right now. Um, also we did, um, Senate Bill 179. Uh, it hasn't been signed yet by the governor, but it did pass House and Senate. So they put 75 million back into CCMG. So, the project of uh 625 east from Cassidy to 32 600 east from 32 to 136 is going to go back in front of the CCMG. Hopefully, it will get past this time and we'll be able to hot mix that road. Um, as you guys traveled it, we've been out there replacing culverts, getting it prepped and ready. We're crossing our fingers. Hopefully, we'll get it and everything will be kosher. But, just wanted to give you guys an update. Thanks, Jake.

Good morning. Just a quick update on the courthouse project. Uh we are complete as almost as complete as we could be except for the exterior landscaping. So the interior is complete. Uh they are doing some punch list items that uh weren't uh working properly. So those are getting done on the inside. The exterior is done except for landscaping. And as the weather warms up here, we'll cross our fingers last of March 1st of April, that landscaping will they'll mobilize and complete that landscaping and then it just be down to signage on the interior of the building. So that's the quick courthouse update. Thank you. Any other elected officials?

I'll just give a quick update for our office. We are down one person. Um we obviously just finished the uh annual financial reports. We are currently working on the um abstract of taxes which is uh the final step before it tax bills go to the printer. So lots going on.

Yeah. Uh good to be back this month. Um, great news on the road construction as someone that drives that one of those roads multiple times a day. Certainly appreciate that and uh and hope that it does.

Yeah, thanks for the uh good reports auditor's office. Um, I took a little time this weekend and reviewed um the county's um comprehensive plan and uh just a suggestion. I don't know if Tom might want to send it out and take a little time to look it over. It's a it's really a good document uh for our community. You know, it's got a lot of goals in there and there's some um punch lists that you know the community would like to see. So, it's a it's a good document to review. Joyce,

I mean, thank you, Mindy, for the financial report. I know that's a lot of work and way over my head. So, appreciate all that work. Any other public comment? Next meeting, April 14th, 9:00 a.m. right here. With that, I'll enterain a Muslim.