[00:00:01]
          IT IS 4:30 AND TIME TO CALL TO ORDER THE MEETING OF THE COMMUNITY SERVICE DEVELOPMENT
CORPORATION TYPE B. 
          [1. CALL TO ORDER]
I'D LIKE TO WELCOME MR. JAMES LUCKY ATTENDING HIS FIRST MEETING FOR THE EVENING. 
          AND IN HONOR OF HIM, I OFFER THAT WE WILL REFRAIN FROM MAKING ANY PUNS ON YOUR NAME. 
          SO YOU'VE ALREADY HEARD THEM ALL ANYWAY. 
          BUT THAT'S ONLY GOOD FOR ONE MEETING. 
          SO NEXT TIME, IT'S FREE WILL. 
          ALL RIGHT. HE DOESN'T SPEAK FOR ALL OF US. 
          OKAY. WELL SAID. 
          ALL RIGHT, SO FIRST ITEM ON OUR AGENDA IS CITIZENS APPEARANCES. 
          THIS IS A POINT IN THE MEETING WHERE ANYONE CAN ADDRESS THE TYPE B COMMUNITY SERVICE
DEVELOPMENT CORPORATION ON AN ITEM, NOT ON TONIGHT'S AGENDA. 
          DO WE HAVE ANY REQUESTS? I DON'T EVEN SEE ANYBODY TO MAKE ONE, SO. 
          ALL RIGHT, WE'LL CALL THAT A NO. 
          [3.A. Consider approval of the minutes from the August 19, 2024 Community Services Corporation (Type B) Board meeting. (Staff Contact: Monica Solko, Deputy City Secretary).]
NEXT UP IS ITEM THREE A TO CONSIDER APPROVAL OF THE MINUTES FROM THE AUGUST 19TH, 2024
COMMUNITY SERVICES CORPORATION BOARD MEETING. 
          MEMBERS. IF YOU HAVE HAD A MOMENT TO REVIEW THOSE, I'LL BE READY FOR A MOTION. 
          GOOD. I'LL MAKE A MOTION TO APPROVE. 
          SECOND. OKAY, I GOT A MOTION BY CHRIS. 
          SECOND BY TAKE YOUR PICK DOWN THERE AND ALL IN FAVOR? ALL RIGHT. THAT MOTION PASSES BY UNANIMOUS VOTE. 
          [3.B. Consider approval of an amendment to Resolution 4B081924AnnualBudget by amending the Capital Improvement Plan (Staff Contact: Gloria Platt, Director of Finance)]
NEXT UP IS ITEM 3B TO CONSIDER APPROVAL OF AN AMENDMENT TO RESOLUTION 4B081924 ANNUAL
BUDGET BY AMENDING THE CAPITAL IMPROVEMENT PLAN. 
          AND THIS WILL BE PRESENTED BY GLORIA PLATT, DIRECTOR OF FINANCE. 
          GOOD AFTERNOON. 
          RECENT RECAP OF APPROVALS FOR THE RECENT BUDGET AT SEPTEMBER 9TH, 2024 COUNCIL MEETING. 
          THE COUNCIL DID APPROVE THE FY 2425 ANNUAL BUDGET AND CAPITAL IMPROVEMENT PLAN, INCLUDING
RATIFICATION OF THE FOUR B CORPORATION BUDGET, WHICH WAS APPROVED BY THE FOUR B CORPORATION ON AUGUST 19TH, 2024. 
          SO SINCE THAT DATE. 
          STAFF HAS IDENTIFIED AND RECOMMENDED UPDATES TO THE CIP TO COMPLETE RECOMMENDED PROJECTS
FOR FISCAL YEAR 2024-2025. 
          SO FOR THE 4B CORPORATION. 
          STAFF IS REQUESTING AN INCREASE OF $2,703,750 TO 4B PROJECTS, AND THIS IS TO MOVE THE
ADULT SOFTBALL FIELDS UP FROM FISCAL YEAR 2027 TO FISCAL YEAR 2025, AND THEN TO MOVE THE COMMUNITY PARK
PROJECT UP FROM 2026 TO 2025. 
          SO BOTH OF THESE PROJECTS WERE INCLUDED ON THE CIP PLAN. 
          ON FUTURE YEARS. 
          AND SO THE REQUEST IS TO MOVE THOSE UP THE ADULT SOFTBALL FIELDS. 
          THIS IS FOR AN ACCELERATED TIMELINE TO CONSTRUCT THREE FIELDS AT ALSBURY AND HULEN AND
THEN THE COMMUNITY PARK. 
          THIS IS FOR THE DESIGN OF FUTURE COMMUNITY PARK AT ALSBURY AND HULEN. 
          SO HERE WE HAVE THE CIP AND DETAIL FROM 2025 THROUGH 2029, SHOWING THOSE PROJECTS BEING
MOVED UP AND SO THAT WOULD BRING OUR TOTAL FOR THE CIP, FOR THE 4B CORPORATION TO $7,405,425 FOR
FISCAL YEAR 2025. ALSO INCLUDED IS THE FIVE YEAR FORECAST AND THE CHANGES. 
          HERE ARE THOSE. 
          THE RELATED DEBT SERVICE HAS BEEN ADDED FOR THESE PROJECTS BEGINNING IN FISCAL YEAR
2025-2026, WHEN WE WOULD BEGIN PAYING DEBT SERVICE ON THOSE PROJECTS AND SO THE THE ENDING FUND BALANCE AT THE END OF THE FIVE YEARS IS PROJECTED AT
$3,269,810. 
          SO THIS IS AN OVERALL DECREASE OF $338,003. 
          SO IT'S IT'S A NET OF A FEW THINGS, BECAUSE WE DID HAVE SOME SAVINGS ON A RECENT
REFUNDING FOR 4B DEBT THAT WE WERE ABLE TO ADD TO THE NUMBERS AND THEN OF COURSE, THE ADDED PROJECTS FOR DEBT SERVICE. 
          I WILL HAPPILY ANSWER ANY QUESTIONS IF YOU HAVE ANY AND OF COURSE, STAFF DOES RECOMMEND
APPROVAL OF THE AMENDED CIP. 
          THANK YOU, GLORIA. QUESTIONS, ANYONE? NONE. ALL RIGHT. 
          I HAVE NONE. 
          I NOTICED THE LAST YEAR FUND BALANCE WAS A TREND UPWARD FROM THE PREVIOUS YEAR. 
          DOES THE PROJECTIONS HOLD GOING FORWARD THAT THAT WILL CONTINUE, OR IS THAT TOO FAR OUT
TO SAY ON THE LAST, THE LAST YEAR OF THE FORECAST? YEAH, YOU'RE AT 39% ON THE 2829 PROJECTION. 
          YOU WERE AT 33% THE YEAR BEFORE. 
          OR HAVE YOU JUST NOT PROJECTED ANY FURTHER OUT? 
          [00:05:01]
I'M TALKING THE BOTTOM NUMBER. 
          RIGHT, NO, THERE IS NOT A PROJECTION INCLUDED PAST THE 28-29 FISCAL YEAR. 
          IF I'M UNDERSTANDING YOUR QUESTION CORRECTLY, YOU ARE. 
          OKAY. ALL RIGHT. 
          MAYOR PRO TEM, IF I MAY, I THINK, YOU KNOW, WE'RE NOT FORECASTING FUTURE DEBT ISSUANCE
EITHER, TO GLORIA'S POINT. 
          SO I WOULDN'T EXPECT IT TO DRAMATICALLY INCREASE. 
          OKAY. UNDERSTOOD. 
          ALL RIGHT. I'M READY FOR A MOTION IF ANYONE WOULD LIKE TO MAKE ONE. 
          YOU WANT TO MAKE A MOTION? I MAKE A MOTION TO APPROVE. 
          SECOND. ALL RIGHT. 
          I HAVE A MOTION BY VICTORIA. 
          SECOND BY PHIL TO APPROVE ALL THOSE IN FAVOR? I SEE THAT MOTION PASSES BY UNANIMOUS VOTE. 
          THANK YOU, GLORIA. THANK YOU. 
          NEXT UP IS ITEM 4 BOARD REQUESTS FOR FUTURE AGENDA ITEMS OR REPORTS. 
          HAVE WE ANY? I SEE NONE, SO WE'LL GO TO NUMBER FIVE. 
          DO WE HAVE ANY NEED FOR EXECUTIVE SESSION THIS EVENING? ALL RIGHT. THERE IS NONE. 
          SO WE WILL ADJOURN THE MEETING AT 4:36. 
          THANK YOU ALL.
* This transcript was compiled from uncorrected Closed Captioning.