City Council - workshop

Five-year term and I saw in there there was... Was it $1,500 a year? Is that what I saw? Or did I just see the $1,000 plus the, I saw the $2 million, I saw the insurance, the $3,000?

I didn't even know the permit fees. I'm wondering do they pay us annually for this at all? Is it just a one time?

So they're not providing a direct service to people in Lacey, but they could. What does that look like?

There's something unique about Lacey. Are they doing this in Tumwater or Olympia or anywhere else?

Can I ask a quick question before we start that? So if we have to let them do it, then there's no discussion about approving it or we can't say no?

I have a question on park fees. Have we ever talked about how park fees are set and what they're currently at? If we've ever adjusted them and these types of things, I'm not looking to stir up anything.

Are we looking at a quarter per session?

I got a $340 water bill the other day. It was on Sunday, or no, it couldn't have been Sunday. It must have been Saturday. I know I didn't open it until yesterday. But man, I was surprised. And if I'm surprised being somebody whose household is a household of two people, I would imagine a lot of our residents are also surprised when they open their water bill and see, you know, what if, you know, if you got two, three kids showering now full disclosure, I have a sprinkler system, but I shut that off like weeks ago. So I, I guess what I'm saying is I would really like to find a way to save our r

And it's not like we're planning on bonding on any of this at any time in the near future, so we don't... I understand and appreciate the stability factor, but if we're not bonding on it, we're not planning to go and do something with it that we can turn into some more money, I don't see why we would need such a long commitment.

Okay. Well, you gave us something to think about. Troy, I noticed you had 44 slides down from 60-something, I'm sure. If we can go back just a couple, because I'd rather go back now than wait until you're done with all 44. It's only two slides back. It's this one, interest rates and income. That's the one. Okay. When, in a previous slide, we talked about the interest investment income going up 58%. And in my mind, I'm thinking to myself, okay, you know, with those cash expenditures that we had for 24-25, I don't know if... if this is something that you guys would even consider thinking about p

And then in addition to that, my second one was, you know, when we decided that we were going to build a police station, when we decided where we were going to pull these dollars from, I think we pulled 18 from REIT. Is that right? Or was it wrong on that? I think it was 18. It was 18 from REIT. I'm wondering, has that balance rebounded at all?

So we're not back And it'll be a while before we even get close to being back?

It's not? Okay. It will take several years to accumulate what we had, the $18 million we pulled out. Oh, yeah. Because I remember at the time we were somewhere in the neighborhood of $36, and then we said, okay, let's take $18 of that, you know, because they most likely won't be able to spend all that money on projects within that time frame, even in the 10-, 15-year horizon. So... In all that time, I'm thinking to myself, we got to get back to 36. We got to get back to 36, right? That's a high number.

What has been the trend so far for workers' comp?

We've always appreciated that because... There's been a time where we budgeted for 340 employees, I think it was, and we were actually at 327 or 319, but you budgeted for all of it, which kind of gave us a plus at the end of the year. But at this point, we're closer to what is our percentage of employees to positions?

So those other positions that are R-budgeted, which accounts for 10% at this point, are built into these figures?

But they're all high-pressure sodium now?

We have to be pretty close. We're almost fully LED.

I have two comments. So on the potential revenue enhancements and the to be determined stuff, I don't know when that's going to come back before us. I'm hoping that it's going to come back before us in the next, before the end of the year so we can just kind of reevaluate those things. I know that they weren't fully baked and we were just kind of looking at to see, you know, the B&O tax, the gambling tax for sure. So are we going to be looking at seeing those come before us before the end of the year?

Thank you for that reminder. The HB 2015, I still don't see how we get, you know, what we do in year four. I don't see how that works.

Okay. Uh, and then my second one was, um, you, you had mentioned, you know, taking those interest dollars, right. And applying them to where? into our current expense accounts to offset that 4.6 million.

And so with the two potential 25 basis points bumps that the Fed may do this year, and I can tell you right now that the bond market has already baked one of them in. And so... I would definitely be interested in having that conversation to see if we can use some of those dollars to offset. I'd obviously rather leave them alone and leave them where they are, but in light of the expenses that we're looking at, maybe we should have that conversation sooner than later.

Not really a report. Jazzcom, I mean, not Jazzcom, but LTAC did meet last Thursday. It was just kind of a preliminary review. There are 23 applications. Applications are closed. So we'll be meeting, like I said, last week, every Thursday in this month. So this coming Thursday, we'll drill down on applications. We haven't really done a whole lot yet.