[1. Call to Order by Mayor Darrell A. Davis.]
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I'D LIKE TO CALL THIS MEETING ORDER FOR MONDAY, JANUARY 23RD.
[2. Approval of City Council Meeting Minutes: January 9, 2023.]
ORDER OF BUSINESS IS THE APPROVAL OF THE CITY COUNCIL MEETING MINUTES FROM JANUARY 9TH, 2023.THOSE MEETING MINUTES HAVE BEEN APPROVED.
[A. Acceptance of City Treasurer's Investment Report]
OF THE CITY TREASURER'S INVESTMENT REPORT.THERE'S NO PRESENTATION ON THAT TONIGHT.
THE CITY'S, UH, TREASURER INVESTMENT REPORT HAS BEEN APPROVED.
[4. General Consent Items: (Items listed under General Consent are usually approved as a group with the proper motion from a member of the Council. Members of the Council may request discussion or separate action on any item under General Consent.)]
GENERAL CONSENT ITEMS. WE WILL HAVE A COUPLE OF SHORT PRESENTATIONS.THE FIRST ONE IS ON THE APPROVAL OF TRANSFER OF APPROPRIATIONS FOR THE KINGSBURG GOLF COURSE PROJECT.
THERE IS A LATER, UH, UH, PURCHASE IN THERE, SO WE WANTED TO GO AHEAD AND GET THE CONCEPT OUT FIRST BEFORE WE WENT FURTHER.
GOOD EVENING, MAYOR CITY COUNCIL.
BRIAN SORENSON, DIRECTOR OF GOLF AT KICKING BERG GOLF.
I WANTED TO REVIEW WITH YOU A COUPLE OF ITEMS THAT ARE ON YOUR AGENDA THIS EVENING.
UM, AND THIS NECESSITATES THE CONSTRUCTION AND INSTALLATION OF A BOOSTER PUMP STATION FOR OUR NEW PROJECT UP AT KICKING BIRD.
UM, HAVE A LITTLE PRESENTATION HERE FOR YOU.
BRIEF PRESENTATION JUST TO GIVE YOU A LITTLE TIMELINE OF HOW WE ARE WHERE WE ARE TODAY.
DURING THE INSTALLATION OF OUR IRRIGATION SYSTEM AT THE CLUBHOUSE IN OCTOBER OF 2022, THE WATER PRESSURE, THE IRRIGATION CONTRACTOR, FOUND TO BE A LITTLE BIT LOW AND NOT ADEQUATE TO RUN THE SYSTEM.
IT WAS AT THAT TIME THAT WE CONTACTED THE CITY OF EDMOND WATER RESOURCES AND INSTALLED A DATA LOGGER ONTO OUR ONSITE FIRE HYDRANT.
AND IT WAS DURING THAT TIME THAT THE READING SHOWED AN AVERAGE OF 42 PSI, WHICH WAS LEAVING US FAR BELOW THE 52 PSI THAT WAS REQUIRED FOR OUR FIRE SUPPRESSION SYSTEM.
WE HAD ADDITIONAL FLOW TESTS TAKEN ON OCTOBER THE 19TH WITH RESULTS OF 48 PSI STATIC PRESSURE, 45 RESIDUAL, AND THEN IN NOVEMBER 21ST, 44 PSI STATIC AND 40 PSI RESIDUAL.
IN CONSULTATION WITH OUR MECHANICAL CONSULTANT, OUR FIRE SUPPRESSION CONTRACTOR AND OTHERS, IT WAS DETERMINED THERE WAS NOT ENOUGH PRESSURE TO RUN ALL SYSTEMS AND THERE WAS GOING TO BE A NEED FOR A BOOSTER PUMP STATION.
AND THAT WAS IDENTIFIED TO BE THE BEST POSSIBLE SOLUTION FOR WHERE WE WERE AT THAT TIME.
THIS ADDITIONAL WORK, UNFORTUNATELY, WE'RE DISAPPOINTED, IS GOING TO, UM, RESULT IN A LITTLE OF A DELAY IN THE OPENING OF OUR FACILITIES.
BUT ONCE A FIRM PI, UH, ONCE A FIRM PUMP STATION COMPLETION, TIME IS CONFIRMED AND WE'RE CONFIDENT THAT ALL TURF AREAS WILL BE GROWN IN APPROPRIATELY, THE CITY WILL ANNOUNCE THE GRAND OPENING OF THE KICKING BIRD COMPLEX.
MANY OF YOU I'VE PRESENTED BEFORE HAVE, I'VE SHARED A NARRATIVE THAT HAS SAID MARCH FOR BUILDINGS IN MAY FOR TURF.
WELL, NOW THE SILVER LINING WITH THIS IS WE WILL BE OPENING ALL FACILITIES AT ONCE.
AND SO THAT'S WHAT WE'RE GOING TO DO.
AND ONCE WE DO HAVE A FIRM DATE, WE WILL BE MAKING A PUBLIC ANNOUNCEMENT AT THAT TIME.
UM, I WILL WANNA MAKE AN ANNOUNCEMENT.
THERE HAVE BEEN A FEW EVENTS THAT I HAD ALREADY HAD SCHEDULED AND I HAVE INFORMED THOSE EVENTS THAT WE WILL BE UNABLE TO HOST THEM DURING THE MONTH OF MAY.
BUT I WILL TELL YOU I WANT TO THANK THEM OPENLY FOR THEIR COOPERATION WITH THIS.
YOU KNOW, AS WE'RE AS DISAPPOINTED AS THEY ARE, JUST TO BRING YOU UP TO SPEED ON THE TOTAL CONSTRUCTION PROJECT COST, UH, WE STARTED WITH THE INITIAL CLUBHOUSE PROJECT COST OF $13,478,500.
THE INITIAL KICKING BIRD GREENS AND IRRIGATION PROJECT WAS $4,498,933 53 CENTS.
WE HAD GREENS AND IRRIGATION CHANGE ORDERS OF 341,000 975 97.
THE CLUBHOUSE CHANGE ORDERS ONE THROUGH 10 OF $487,859 AND 5 CENTS.
AND THIS CHANGE ORDER FOR THE INSTALLATION OF CONSTRUCTION OF A NEW BOOSTER PUMP STATION IS $564,000, $931 AND 48 CENTS.
THIS WILL BRING TOTAL ACTUAL CONSTRUCTION COSTS FOR THE PROJECT AT $19,372,200 AND 3 CENTS TO DATE, WE HAVE APPROVED FUNDING OF 19,000,040 $40,843 AND 75 CENTS.
SO BASICALLY THE FUNDING THAT'S NEEDED, AND THAT'S WHAT WE'RE COMING TO YOU BEFORE RIGHT NOW, IS FOR THE TRANSFER OF FUNDS FROM THE CIP P FUND.
AND THIS IS ON THE CASH BASIS.
AND IT'LL BE $331,356 AND 28 CENTS TO BE ABLE TO PURCHASE THIS BOOSTER PUMP STATION, WHICH I'M SURE YOU ALL HAVE BEEN INFORMED, BUT THIS WILL BE NECESSARY FOR US TO GET OUR OCCUPANCY PERMIT, GET
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OPEN AND GET GOING.THE CONTRACTOR'S VERY WELL AWARE OF THE TIMING OF THIS AND THE IMPORTANCE OF GETTING THIS DONE.
AND UPON APPROVAL THIS EVENING, I'M LITERALLY TO CONTACT HIM RIGHT AWAY SO WE CAN GET EVERYTHING MOVING DOWN THE ROAD.
CAUSE WE REALLY DO NOT WANT TO MISS THE MAJORITY OF OUR GOLFING SEASON.
SO, UM, AND THE ITEM BEFORE YOU TONIGHT AGAIN, IS THE TRANSFER OF APPROPRIATIONS ON THIS ITEM AND THEN THE PURCHASE OF THE BOOSTER PUMP STATION.
ARE YOU ALLOWED TO TALK ABOUT YOUR RESTAURANT PARTNER YET? UH, I'M GONNA BE COMING BEFORE YOU ON THE 13TH OF FEBRUARY.
UH, WE ARE VERY CLOSE TO HAVING AN OFFICIAL AGREEMENT WITH THE MULE LLC AND WE'RE SUPER EXCITED.
I'VE BEEN TALKING TO THEM AND WE'RE ALREADY TALKING ABOUT NAMINGS AND THAT'S GOOD SUBJECT STUFF TO TALK ABOUT.
SO REALLY EXCITED TO HAVING THAT PARTNER IN PLACE.
I ASSUME THEY KNOW ABOUT THIS AND THEY ARE AWARE, HOPEFUL WE ARE OKAY WITH IT.
AND WE'VE HAD TO MAKE A SLIGHT ADJUSTMENT TO THEIR AGREEMENT BECAUSE OF THIS.
AND WE'VE CHANGED THE POTENTIAL OPENING DATES AND WE'VE TOLD THEM THE SAME THING.
THEY'RE AWARE THAT WE WILL CERTAINLY MAKE AN ANNOUNCEMENT ONCE WE HAVE A FIRM DATE.
AND THAT'S ONE THING I WANT TO GET ACROSS THIS EVENING AS WELL.
WE MUST MAKE SURE THAT THE DATE WE PUT OUT IN PUBLIC IS FIRM AND CONFIRMED, BECAUSE AGAIN, WE'RE BOOKING MANY EVENTS WELL OUT AND SO WE WANT TO MAKE SURE.
NEXT IS THE APPROVAL OF TRANSFER OF APPROPRIATIONS TO FUND ASSESSMENT OF A SPORTS FACILITY, 50 $56,235.
ANOTHER SHORT PRESENTATION THAT'S, UH, THAT'S RIGHT.
THANK YOU MAYOR AND CITY COUNCIL.
UH, RYAN OSHER, DIRECTOR OF COMMUNITY QUALITY.
AND, UM, WE'RE FORTUNATE TO HAVE MANY WONDERFUL SPORT FACILITIES OF COURSE.
AND, UM, WE'RE ALSO FACING THE NEED OF SEVERAL OF THOSE NEED TO BE UPDATED AND MODIFICATIONS MADE TO THOSE.
UH, WE'VE REALIZED THAT THE NEEDS OF SPORT, UH, PARTICIPANTS HAS CHANGED OVER THE YEARS.
AND IF YOU'VE BEEN INVOLVED WITH, UH, YOUTH SPORTS SPECIFICALLY AT THE COMPETITIVE LEVEL OF PLAY, YOU MAY HAVE NOTICED THAT THE FACILITY DEMANDS ARE DIFFERENT AMONG, UM, THOSE SEEKING TOURNAMENT LEVEL PLAY AND THOSE INVOLVED IN OUR RECREATIONAL PROGRAMS. THIS PROJECT EMBRACES, UH, BOTH TOURNAMENT LEVEL PLAY AND WILL BE COMPLETED IN PARTNERSHIP WITH, UH, VISIT EDMOND AND PARKS AND RECREATION.
WE RECOGNIZE THE DUTY TO PROVIDE AFFORDABLE HIGH VALUE RECREATIONAL SPORTS FOR CASUAL PLAYERS, BUT WE ALSO VALUE THE ECONOMIC IMPACT IN, IN PLAYER DEVELOPMENT OPPORTUNITIES THAT COME WITH, UH, HAVING HIGH QUALITY, UH, TOURNAMENT LEVEL FACILITIES.
I'D LIKE TO INVITE OUR, UH, DIRECTOR OF TOURISM, JENNIFER SETON, TO COMMENT ABOUT WHAT THIS PROJECT MEANS TO VISIT EDMOND, WELCOME.
WE AT VISIT EDMOND ARE EXCITED TO PARTNER WITH PARKS AND RECREATION AND BECAUSE, UM, THE, UM, INFORMATION AT HAND IS GOING TO HELP US AS FAR AS ENTERTAINING OUR CURRENT CITIZENS WITH RECREATION AND ATTRACTING TOURNAMENTS.
SO WE THINK IT'S AN IMPORTANT BALANCE IN BOTH OUR VERY, UM, STRATEGIC EFFORTS THAT WE ARE GOING TO UNDERTAKE.
SO THIS PARTNER, UM, IS QUALIFIED IN WHAT WE HOPE HAPPENS AFTER THIS, UM, ASSESSMENT IS THAT WE WILL BE ABLE TO, UM, BALANCE THE RECREATION AND THE, UM, TOURNAMENT QUALITY OF OUR FACILITIES AS WELL AS, UM, HELP, THIS WILL HELP GUIDE OUR NEW CITY COUNCIL MEMBERS AND OUR NEW PARKS AND RECREATION LEADER TO MAKE INFORMED DECISIONS.
AND ONE THING THAT I'M REALLY PROUD OF IS WHEN WE PUT THIS OUT FOR BID, WE GOT SIX VERY QUALIFIED, UM, CANDIDATES.
WE WERE ABLE TO, UM, INTERVIEW THEM AND LOOK THROUGH THEM AND WE INCLUDED A MEMBER OF THE PARKS BOARD, CHRIS ANDERSON, AND A MEMBER OF THE TOURISM BOARD, DARREN KENT.
AND SO WE WANTED YOU TO KNOW THAT IT WASN'T JUST STAFF THAT WERE, THAT HELPED MAKE US MAKE THIS DECISION.
SO, UM, OVERALL WE FEEL LIKE THIS OUTSIDE OPINION IS GOING TO REALLY BRING VALUE AS THEY LOOK BIG PICTURE.
WE'RE GOING TO BE ABLE TO COMPARE OURSELVES TO OTHER CITIES AND MAKE INFORMED DECISIONS.
AND TO, TO EXPLAIN A LITTLE BIT OF THE DETAILS.
UM, ALSO THIS PAST WEEK, UH, ACTUALLY THE VISIT ADMIN, TOURISM BOARD AND PARKS AND RECREATION ADVISORY BOARD, UH, VOTED TO RECOMMEND APPROVAL OF THIS AGREEMENT THAT IS PROPOSED FOR YOU THIS EVENING.
UM, A LITTLE BIT SPECIFIC ABOUT THE AGREEMENT, UM, WE'LL HAVE VICTOR EVALUATE SOME STRENGTH AND WEAKNESSES OF OUR FACILITIES TO BENCHMARK OUR OFFERINGS AGAINST THOSE OF SIMILAR COMMUNITIES TO IDENTIFY EVENT OPPORTUNITIES, BEST
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PRACTICES AND MARKET OPPORTUNITIES THAT EXIST TO, UH, HELP US FURTHER WITH INFORMED DECISIONS WORKING WITH ALL PARTNERS, THE CONSULTABLE VISIT WITH MULTIPLE SPORT USER GROUPS, TALK TO ORGANIZERS WHO HAVE HOSTED EVENTS HERE BEFORE AND IDENTIFY THINGS THAT ARE UNIQUE TO UNIQUE AND ATTRACTIVE TO EDMOND FOR SPORTS TOURISM.ONCE THOSE STEPS ARE COMPLETE, THE CONSULTANT WILL LOOK MORE SPECIFICALLY AT ONE FACILITY TO HELP US UNDERSTAND, UM, EXPECTED RETURNS IF CERTAIN INVESTMENTS WERE MADE IN THAT FACILITY.
WE'LL ALSO BE EVALUATING OUR OPERATIONAL STRUCTURES, UM, WITH OUR SPORTS PARTNERS.
SO ALL OF THAT, UM, WILL BE WITH THE INCLUSION OF THE USERS AND THE, UH, STAKEHOLDERS WHO REPRESENT THE VARIOUS USERS AND THE GROUPS.
YOU'LL SEE THE CONSULTANTS PORTION OF THIS IS SLATED TO LAST, UH, TO, TO TAKE 12 MONTHS.
AND, UH, WITH YOUR APPROVAL STAFF IS READY TO GET STARTED ON THE NEXT STEPS OF THIS PROJECT.
WE DO HAVE END OF THIS GENERAL CONSENT AREA, ONE RATHER, UH, SHORT PRESENTATION ON THE APPROVAL OF TRANSFER.
FOR APPROPRIATION FOR ADDITIONAL SERVICES WITH RES FOR THE CITY HALL COMPLEX.
SO, UH, YES, MAYOR AND COUNSEL.
THIS ITEM IS FOR ADDITIONAL SERVICES FOR THE GROUP THAT IS DESIGNING THE CITY HALL COMPLEX PROJECT.
SO, UH, THE REQUEST IS FOR AN ADDITIONAL $94,995, UM, INCLUDED IN YOUR PACKET.
AND ON THE POSTED AGENDA IS, UM, ORIGINALLY, UM, UH, UH, SOME OF THIS WORK ABOUT 30 PLUS THOUSAND DOLLARS OF THIS ADDITIONAL SERVICE IS RELATED TO THE PROJECT FOOTPRINT INCREASING.
SO WHEN THE PROJECT WAS ORIGINALLY SCOPED, IT WAS SCOPED TO BE A MUCH SMALLER FOOTPRINT, BUT AS WE GOT INTO PROGRAMMING AND BETTER UNDERSTOOD THE NEEDS OF THE CITY HALL COMPLEX PROJECT, THAT SURVEY BOUNDARY HAS TO INCREASE.
AS THAT SURVEY BOUNDARY INCREASED, THERE'S ADDITIONAL COST TO PERFORM THAT SURVEY.
UM, ABOUT $63,000 OF THIS $94,000 OF ADDITIONAL SERVICES WAS, THAT WAS NOT INCLUDED IN THE ORIGINAL SCOPE OF WORK IS TO, UH, GET A BETTER UNDERSTANDING OF THE UNDERGROUND UTILITIES IN THE AREA.
UM, WE FOUND WITH THE STORMWATER PROJECT THAT WE, UH, COMPLETED IN DOWNTOWN A FEW YEARS AGO, THERE ARE UTILITIES THAT WE DO NOT KNOW ARE DOWN THERE AND IT'S A MUCH BETTER IDEA TO HAVE, UM, SOME TECHNOLOGY TO BETTER UNDERSTAND, TO HAVE A BETTER FOOT, AN IDEA OF THE FOOTPRINT OF WHAT'S DOWN THERE.
SO I OFFER THIS AS AN EXAMPLE OF A PROJECT WHERE WE DIDN'T DO THIS AND WE THINK IT'S A VERY GOOD USE OF MONEY TO BETTER UNDERSTAND THE ROADMAP OF THE UTILITIES THAT ARE DOWN THERE.
SO THEN WE CAN PLAN ACCORDINGLY.
WE HAVE MAPS AND GIS DATA OF THINGS THAT WE'RE AWARE OF, BUT THERE'S LOTS OF THINGS IN AN OLDER URBAN AREA THAT WE ARE UNAWARE OF.
AND SO WE WOULD LIKE TO HAVE A BETTER IDEA OF WHAT THAT IS.
THIS CAME AT THE SUGGESTION OF, UH, THE DESIGN ENGINEER AND WE FEEL IT'S AN APPROPRIATE USE OF MONEY, UH, CONSIDERING THE PROJECT BUDGET OF 44 MILLION TO SPEND A LITTLE EXTRA ADDITIONAL MONEY TO BETTER UNDERSTAND THE UTILITIES THAT ARE, THAT WE'RE WORKING WITH.
HAPPY TO ANSWER ANY QUESTIONS.
SO COUNSEL, THAT'S ALL OF OUR, UNLESS ANYONE WANTS TO APPROVE PULLING ANY OTHER GENERAL CONSENT ITEMS, WE HAVE ITEMS FOUR A THROUGH SEVEN IN FRONT OF YOU TODAY.
MOVE TO APPROVE FOUR AA ONE THROUGH SEVEN.
SECOND, PLEASE CAST YOUR VOTE, THOSE ITEMS APPROVED.
NEXT IS THE APPROVAL OF PURCHASES.
THE FIRST IS APPROVAL OF CHANGE ORDER NUMBER THREE, THE CONSTRUCTION CONTRACT WITH ALL ROADS PAVING INC.
FOR THE DOWNTOWN ADMIN INFRASTRUCTURE IMPROVEMENTS PROJECTS B 22 DASH ZERO SEVEN FOR $78,877 INCREASE.
NEXT IS A CHANGE ORDER NUMBER 11 FOR BERG GOLF CLUBHOUSE PROJECT WITH LIVER BROTHERS INCREASE FOR $564,931 AND 48 CENTS INCREASE.
THE OTHER IS A, UM, APPROVAL OF CONTRACT AMENDMENT WITH GARVER LLC TO DESIGN A SECTION OF TRAIL ALONG SPRING CREEK BETWEEN CO-TRAIN AND I 35, WHICH IS REFERENCED AS CREEK BEND TRAIL FOR 85,000 INCREASE.
WE'RE GONNA HAVE A STAFF COMMENT ON THAT ONE.
STEVE, CAN YOU GIVE US AN UPDATE ON WHAT THIS REDESIGN WILL HANDLE FOR US ON THE CREEK MAN TRAIL? YEP.
SO ESSENTIALLY THE, THE TRAIL PROJECT'S BEEN GOING ON FOR A LONG PERIOD OF TIME AND
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WE'VE HAD SEVERAL OTHER PROJECTS, UH, THAT HAVE KIND OF COME TO THE FOREFRONT.UH, WE HAVE A WASTEWATER SANITARY SEWER PROJECT THAT IS, UH, NOW IN THE SAME CORRIDOR AS WELL AS A STORM SEWER PROJECT THAT WE NEED TO DO.
SO AS WE STARTED ACQUIRING RIGHT AWAY FOR THE, UH, THE WASTEWATER, UH, SANITARY SEWER, WE DECIDED JUST TO KIND OF ACQUIRE ALL THE LAND TOGETHER.
UM, AS WE KIND OF WENT THROUGH THE PROCESS AND THE ENVIRONMENTAL AND THE EXTRA STUDIES THAT WERE TAKING PLACE, UH, WITH THE CREEK BEND TRAIL, UH, WE FOUND THAT THERE MAY BE A COUPLE OF PLACES THAT WE CAN SHIFT THE TRAIL TO AND HAVE A, UH, A BETTER ALIGNMENT.
SO SOME OF THAT HAS TO DO WITH, YOU KNOW, KIND OF WHERE MORE BRIDGES WILL BE, UH, AND THE EXPENSE ASSOCIATED WITH THAT VERSUS, UH, PROPERTY OWNERS THAT ARE MORE WILLING TO, TO DEAL WITH THIS, THAT ACTUALLY WANT THE TRAIL IS IN AN AMENITY AND MAY, YOU KNOW, BE WILLING TO GRANT THE, UH, TRAIL EASEMENT FOR, UH, A LOWER COST.
SO WE'RE, WE'RE TRYING TO LOOK AT THE OVERALL, UH, CONSTRUCTION COSTS AND KEEP IT AS LOW AS POSSIBLE WHILE AT THE SAME TIME TRYING TO FINISH THIS TRAIL PROJECT BECAUSE IT'S BEEN A LONG TIME COMING.
AND THEN WE HAVE THE APPROVAL OF THE AGREEMENT WITH VICTUS ADVISORS FOR A SPORTS FACILITY ASSESSMENT FOR $56,235, AND THEN APPROVAL OF AN INTERLOCAL AGREEMENT BETWEEN THE CITY OF EDMOND AND THE BOARD OF COUNTY COMMISSIONERS OF OKLAHOMA COUNTY FOR RURAL RURAL ROAD RECONSTRUCTION IMPROVEMENTS ON COFFEE CREEK ROAD BETWEEN AIR DEPOT BOULEVARD AND MIDWEST BOULEVARD FOR 630,000.
WE WERE GONNA HAVE A PRESENTATION ON THAT ONE.
UM, THIS IS ON THE CHISHOLM CREEK, UH, PORSCHE MAIN.
IS THAT CORRECT? NOW THIS IS THE, UH, ROW CONSTRUCTION RE IN IN OUR LOCAL AGREEMENT, PLEASE.
UM, KEITH, SORRY, KEITH, I GET CONFUSED WITH THE HAIRLINE.
UH, KEITH STEWART, DIRECTOR OF PUBLIC WORKS, UH, THIS IS A ROAD RECONSTRUCTION PROJECT, UH, COFFEE CRATE BETWEEN AIR DEPOT AND MIDWEST BOULEVARD.
THIS IS A CONTINUATION OF PROJECTS THAT WE'VE DONE WITH OKLAHOMA COUNTY DISTRICT THREE, UH, WHERE THEY PROVIDE THE LABOR EQUIPMENT AND MATERIAL TO RECONSTRUCT THESE MILES OF TWO-LANE SECTION LINE ROADS AND THEN WE REIMBURSE THE COUNTY FOR THOSE FUNDS.
YOU'LL NOTICE THAT THIS PARTICULAR PROJECT IS QUITE A BIT HIGHER, WELL, NOT QUITE A BIT HIGHER, BUT 25% HIGHER THAN WHAT PREVIOUS PROJECTS HAVE BEEN.
AND THAT'S DUE TO INCREASED COST IN MATERIALS PRIMARILY.
SO, UH, I THINK THAT'S SOMETHING WE'RE GONNA HAVE TO LIVE WITH GOING FORWARD.
OF COURSE, IT, UH, LESSENS OUR ABILITY TO BUILD THOSE ROADS AT THE LEVEL WE WERE, BUT WE'LL JUST HAVE TO DEAL WITH IT.
BUT ANY QUESTIONS? CAN YOU TALK ABOUT THE TIMELINE? THIS, UH, AS SOON AS WE'RE APPROVED, UM, THEY WILL, WE'LL ISSUE A PURCHASE ORDER AND THEY SHOULD START WITHIN PROBABLY THE NEXT TWO WEEKS.
THEY'LL START CLEARING AND GRING AND, UH, GETTING READY.
IT USUALLY TAKES SOME ABOUT 45 DAYS WEATHER PERMITTING, 45 TO 60 DAYS TO COMPLETE A MONTH.
HOW LONG HAVE WE HAD THIS RELATIONSHIP WITH THE, UH, COUNTY COMMISSIONERS? SINCE I'VE BEEN HERE 16 YEARS, AND I THINK THEY HAD DONE PROBABLY THREE OR FOUR YEARS PRIOR TO THAT.
UM, WE'VE, AND JUST FOR YOUR INFORMATION, WE HAVE EAST OF I 35, THAT'S WHERE WE'VE BEEN FOCUSING THESE FUNDS.
AND TO DATE, WE'VE COMPLETED ABOUT 70% OF THE ROADS THAT ARE AVAILABLE FOR THIS TYPE OF A PROJECT WITH THE COUNTY DOING THE WORK.
IS THAT POSTED ON OUR WEBSITE? I KNOW I HAVE IT FROM PUBLIC WORKS, BUT IT IT IS, DID WE POST THAT? WE COULD, I'M GONNA HAVE TO UPDATE IT.
I SENT YOU'ALL A COPY OF THAT LAST WEEK.
WELL, I APPLIED THE 25% COST INCREASE AND SO IT PROJECTS IT OUT ANOTHER FOUR YEARS, FOUR BEFORE WE WOULD ACTUALLY COMPLETE ALL OF THOSE THAT INVENTORY EAST OF OUR 35.
SO, BUT I'LL UPDATE THAT AND, AND WE SURE.
I SENT IT TO A CONSTITUENT AND A COUPLE DAYS AGO CUZ IT CAME UP AND ALWAYS NEAT TO, I SENT THEM THE PICTURE, BUT ALWAYS GOOD TO SEND A LINK IF WE'VE GOT THAT.
HERE WE HAVE THE PROOF OF THE DONATION OF SURPLUS VEHICLES BY THE EDMOND POLICE DEPARTMENT.
NO, ITEM NUMBER SIX, ITEM NUMBER SEVEN IS APPROVED OF ADDITIONAL SERVICES FOR THE CITY HALL COMPLEX PROJECT WITH REESE FOR $94,995 INCREASE.
AND THEN NUMBER EIGHT IS REJECT PROPOSALS RECEIVED ON THE TECHNICAL RESCUE PROP FOR THE FIRE DEPARTMENT.
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CAN I MAKE ONE? YES SIR.UM, AND, UH, THE DISCUSSION ABOUT THE SPORTS FACILITY'S ASSESSMENT, UH, RYAN SAID 12 MONTHS TO COMPLETE THE WORK.
BIG DIFFERENCE BETWEEN 12 MONTHS AND 12 WEEKS.
SO I JUST WANNA MAKE THAT CORRECTION.
IT'S, IT'S A W INSTEAD OF AN M.
SO COUNSEL, YOU HAVE IN FRONT OF YOU, UH, THE PURCHASES FROM B ONE THROUGH EIGHT HAVE TO APPROVE.
SECOND, PLEASE CAST YOUR VOTE.
THOSE PURCHASES HAVE BEEN APPROVED.
NOW WE NEED THE MOTION TO RECESS.
EDMOND CITY COUNCIL MEETING AND CONVENE EDMOND PUBLIC WORKS AUTHORITY MEETING.
WE'RE NOW IN THE E P W MEETING.
[5. Approval of EPWA Meeting Minutes: January 9, 2023.]
BUSINESS IS APPROVAL OF E P W A MEETING MINUTES FROM JANUARY 9TH, 2023.SECOND, PLEASE CAST YOUR VOTE.
THOSE MEETING MINUTES HAVE BEEN APPROVED.
[6. EPWA General Consent Items: (Items listed under EPWA General Consent are usually approved as a group with a proper motion from a trustee of the EPWA. Trustees may request discussion or separate action on any item under EPWA General Consent.)]
HAVE OUR GENERAL CONSENT ITEMS AND MOVES RIGHT ONTO OUR APPROVAL PURCHASES.ACCEPTANCE OF EASEMENT FROM VICTOR J PEREZ, ASSESSOR TRUSTEE FOR THE PEREZ FAMILY REVOCABLE LIVING TRUST DATED JANUARY 26TH, 2007.
FOR WASTEWATER MASTER PLAN PROJECTS, E ONE DASH ONE B E THREE DASH ONE E THREE DASH TWO E THREE DASH THREE E, AND E THREE DASH FOUR FOR THE COFFEE CREEK INTERCEPTOR PHASE TWO PARCEL 10.1 AND 10.3 FOR $70,000.
THEN WE HAVE THE APPROVAL OF PROFESSIONAL SERVICE CONTRACT WITH COWAN GROUP ENGINEERING LLC FOR THE FY 22 AND FY 23 SANITARY SEWER REHABILITATION PROJECTS FOR $300,000.
AND APPROVAL OF PROFESSIONAL SERVICE CONTRACT AMENDMENT NUMBER TWO WITH FRIESEN NICHOLS FOR CHISHOLM CREEK FOREST MAIN REPLACEMENT PROJECT $532,640 INCREASE.
IS, ARE WE GONNA HAVE PRESENTATION? STEVE WAS GONNA HAVE A FEW COMMENTS REGARDED TO THAT PROJECT.
UH, SO THE CHISHOLM CREEK, UH, PUMP STATION IS A WASTEWATER PUMP STATION THAT ESSENTIALLY, UH, IT SERVES ABOUT HALF OF EDMOND EVERYTHING WEST OF THE RAILROAD TRACKS.
UM, IN 2018 TO 2020, WE HAD A CONSTRUCTION PROJECT TO REHABILITATE THE PUMP STATION, UH, KNOWING THAT WE WERE GOING TO PUT THE PIPELINE OFF INTO FUTURE YEARS AND DEFERRED AS LONG AS WE COULD.
SO, UH, YEAR AFTER WE GOT THE PUMP STATION COMPLETE, WE HAD A, A MAJOR BREAK IN THE PIPELINE AND, UH, HAD A IT REEVALUATED AND IT NEEDED TO BE, UH, WORKED ON SOONER.
SO WE STARTED OUT WITH A, UH, A SEGMENT 8,000 FOOT SEGMENT OF THIS PIPELINE.
UH, AND AS WE'VE GONE THROUGH IT AND AS, AS, UH, PRIORITIES HAVE CHANGED, UH, WE WANT TO ADD THE REMAINDER OF THAT PIPELINE ONTO THIS PROJECT.
SO THAT'S WHAT THIS, UH, CONTRACT AMENDMENT IS FOR TONIGHT.
THOSE ARE OUR, UH, THREE PURCHASES UNDER E P W A, UNDER SIX A ONE THROUGH THREE.
COUNSEL, ANY, WHAT WOULD YOU LIKE TO DO ON THOSE PURCHASES? MOVE TO APPROVE ITEMS A ONE, TWO, AND THREE, A SECOND MOTION AND A SECOND.
[A. Presentation on New Municipal Library and YMCA Building and New City Hall Complex projects and consideration of the following resolutions:]
OF RESOLUTION ORDINANCE.WE HAVE A PRESENTATION OF THE NEW MUNICIPAL LIBRARY AND Y M C A BUILDING AND NEW CITY HALL COMPLEX PROJECTS AND CONSIDERATION OF, OF, OF THE FOLLOWING RESOLUTIONS.
YES, THANK YOU MAYOR AND COUNSEL.
UM, ANDY CONYERS, AGAIN, ASSISTANT CITY MANAGER OF ADMINISTRATION.
AND I, I DO WANT TO APOLOGIZE, ALTHOUGH I'VE LIVED IN THIS FAIR STATE FOR NOW 42 YEARS.
THE ALLERGIES SEEM TO GET ME AT CERTAIN TIMES A YEAR, SO THEY HAVE GOTTEN ME AGAIN, SO I'M A LITTLE NASALLY.
SO, BUT, UH, BUT ANYWAY, UM, SO THE, BUT THE ITEMS, THERE'S FOUR ITEMS ON THE AGENDA THIS EVENING.
ONE IS GONNA BE A PRESENTATION AND OVERVIEW OF THE PROJECTS, AND THEN I WILL TURN IT OVER TO OUR BOND COUNCIL AND FINANCIAL ADVISOR WHO ARE HERE TO TALK ABOUT THE RESOLUTIONS AND THE MECHANICS OF FUNDING THE PROJECTS THAT ARE ON, ON THE AGENDA THIS EVENING.
SO I WILL QUICKLY RUN THROUGH THESE JUST AS AN OVERVIEW AND TURN IT OVER TO THE FINANCIAL EXPERTS TO TALK MORE ABOUT THE MECHANICS OF OBTAINING THE FUNDS.
SO, UM, SO JUST, JUST AS A REMINDER, WHEN WE'RE TALKING ABOUT, I'LL START WITH THE CITY HALL COMPLEX PROJECT FIRST.
AND AS WE DISCUSSED TODAY, UM, STAFF WE TALKED ABOUT, WE'VE GOT, WE'VE GOT A NAME, THIS THING, SOMETHING.
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SO, UH, WE'RE, WE'RE, WE'RE TAKING SUGGESTIONS.I DON'T KNOW IF WE'LL DO IT RIGHT NOW DURING A PUBLIC MEETING, BUT WE WILL, WE WILL CERTAINLY TALK ABOUT THAT.
BUT WHY I THINK IT'S IMPORTANT TO, TO PERHAPS NAME IT, IS I THINK, UH, WE'VE HEARD FROM SOME PEOPLE IN THE COMMUNITY THAT YOU'RE JUST BUILDING A CITY HALL AND IT'S WAY MORE THAN THAT, RIGHT? SO THAT'S WHY I TRIED TO PUT THE COMPLEX PROJECT ON THE END OF THERE.
BUT NOW, SO WHAT IT WILL LOOK LIKE IS A, SO JUST TO ORIENTATE EVERYONE WHERE WE'RE AT, THIS IS BOULEVARD RIGHT HERE.
THIS IS FIRST STREET, THIS IS MAIN STREET, AND WE ARE SITTING RIGHT HERE THIS EVENING.
SO WHAT THIS PROJECT WILL BE, AND I'LL GO INTO A LITTLE MORE DETAIL IN THE SLIDES, IS A TWO-STORY CITY HALL COMPLEX RIGHT HERE WHEN THE CURRENT FOOTPRINT OF THE DOWNTOWN COMMUNITY CENTER AND THEN MOVING OVER HERE WILL BE A FIVE-STORY PARKING GARAGE THAT'S INTENDED TO, UH, PARK NOT ONLY THE NEEDS OF PEOPLE VISITING CITY HALL AND THE EMPLOYEES THAT ARE GONNA BE OFFICE IN THERE, ALSO MUNICIPAL COURT, BUT THE PUBLIC AT LARGE AS WELL.
SO, FIVE-STORY PARKING GARAGE, 350 STALLS.
AND THEN THIS BUILDING RIGHT HERE, WHICH IS CURRENTLY SURFACE PARK SURFACE PARKING, WILL BE WHERE MUNICIPAL COURT MOVES.
SO CURRENTLY MUNICIPAL COURT IS ATTACHED TO THIS BUILDING RIGHT HERE, AND IT WILL MOVE UP TO THERE.
SO THOSE, THAT'S WHAT'S IN BLUE.
UM, THE, THE PLAN IS TO CLOSE THIS, UH, PORTION OF WHITTLER AVENUE TO VEHICULAR TRAFFIC AND TO MAKE A GREEN SPACE.
AND I'LL GO INTO A LITTLE MORE DETAILS ON THAT.
THE, THE BLUE AND THE GREEN ARE THE FIRST PHASE OF THESE PRO THIS PROJECT.
THE RED IS THE SECOND PHASE OF THIS PROJECT.
SO THIS WILL BE THE FUTURE REDEVELOPMENT.
SO THE CITY OWNS ALL THE LAND AND THE BLUE AND THE RED.
ONCE THE CITY BEGINS TO MOVE FORWARD WITH, UH, THE BLUE PORTIONS OF THE PROJECT, THEN THAT OPENS UP FUTURE REDEVELOPMENT OPPORTUNITIES FOR THE PARCELS AND BUILDINGS THAT THE CITY'S VACATING.
THE INTENT WOULD BE THAT THE CITY WOULD ENTER INTO A PUBLIC-PRIVATE PARTNERSHIP TO SEE THOSE, TO SEE THOSE THINGS REDEVELOPED.
FOR EXAMPLE, WHAT THAT MIGHT LOOK LIKE IS RIGHT HERE, A FUTURE REDEVELOPMENT SITE IS THE OLD POLICE DEPARTMENT SITE THAT IS NOW A TEMPORARY POCKET PARK.
SO THERE'S THE POTENTIAL THAT THAT COULD BE REDEVELOPED, ENTER WHERE THE CITY WOULD ENTER INTO AN AGREEMENT WHERE WE AGREE TO SELL THIS LAND TO A QUALIFIED DEVELOPER IF THEY AGREE TO DO X, Y, Z.
SO IT COULD BE SOME COMBINATION OF OFFICE MIXED USE, RETAIL LIVING UNITS, SOMETHING LIKE THAT, OF THAT NATURE.
SO AGAIN, JUST ONE BIG, ONE BIG HOLISTIC VIEW OF THIS AREA.
SO THERE'S TWO PHASES TO THAT.
SO QUICKLY MOVING ON, I, I COVERED THIS A LITTLE BIT, BUT CITY HALLS PLAN TO BE TWO STORIES, 59,000 SQUARE FEET.
AND THE DEPARTMENTS THAT'LL, THAT ARE GONNA BE IN THERE ARE, YOU'LL SEE THAT FIRST FLOOR, AND I'LL HAVE A SLIDE HERE ON THE FIRST FLOOR, BUT OUR PLANNING DEPARTMENT, ENGINEERING, BUILDING AND FIRE CODE SERVICES.
AND THEN ON THE SECOND FLOOR WILL BE OFFICES FOR THE MAYOR AND CITY COUNCIL.
AND THEN YOU'LL SEE MANAGER, ATTORNEY RISK MANAGEMENT, CITY CLERK, MARKETING, URBAN FORESTRY.
DAY ONE, WHEN WE MOVE IN, THERE WILL BE ABOUT A HUNDRED EMPLOYEES THAT WILL BE OCCUPYING THIS SPACE.
SO ALSO, UH, SOME OF THE NEED FOR THIS IS BECAUSE WE HAVE A COUNCIL CHAMBERS THAT'S TOO SMALL.
IT DOESN'T HAPPEN THIS EVENING, BUT IT DID OUR LAST MEETING WHERE WE HAD PEOPLE LINING THE OUTSIDES OF THE, UH, OF THE, OF THE FACILITY AND THEY WEREN'T ABLE TO TAKE A SEAT DURING THE MEETING.
SO THIS WILL ADD ABOUT THREE TIMES MORE SEATING CAPACITY, AND IT'LL ALSO HAVE A FLAT FLOOR, BUT PICTURE DETACHED SEATS AND THINGS THAT WILL BE A LITTLE BIT, BE ABLE TO MOVE MORE.
SO YOU'LL HAVE MORE FUNCTIONALITY WITH THIS SPACE.
UM, AND THEN ALSO THERE'LL BE PUBLIC, PUBLIC MEETING SPACE.
AND WE'RE MAKING SURE INTENTIONAL THAT WE'RE PLAYING IN THIS BUILDING FOR GROWTH.
SO THERE'LL BE 3,300 SQUARE FEET, WHICH IS ABOUT 30 TO 40 OFFICES OF, ONCE WE MOVE IN, WE'LL HAVE PLENTY OF SPACE FOR THE PEOPLE THAT ARE THERE.
THIS IS, AND THEN WITHIN THE DEPARTMENTS, WE'VE ALREADY ACCOUNTED FOR GROWTH.
THIS WILL BE UN UNPLANNED SPACE ON THE SECOND FLOOR THAT WILL ALLOW FOR EVEN MORE GROWTH.
SO JUST A LITTLE BIT OF THIS FOOTPRINT.
I KNOW THIS TINY, SO I'LL JUST KIND OF HIT THE HIGHLIGHTS OF IT.
SO EVERYONE WOULD ENTER THROUGH A MAIN LOBBY RIGHT HERE, WHICH IS LOCATED OFF MAIN STREET.
AND THEN THE COUNCIL CHAMBERS WOULD BE DIRECTLY OFF OF THERE, AGAIN, ABOUT THREE TIMES MORE SEATING CAPACITY THAN WE HAVE RIGHT NOW.
AND THEN THE, I TALKED ABOUT PUBLIC MEETING SPACE.
THIS IS WHERE THAT WOULD OCCUR AGAIN, RIGHT OFF THAT MAIN LOBBY RIGHT THERE.
AND THEN THE, THE DEPARTMENTS THAT WOULD BE IN THIS BUILDING WOULD BE THE ENGINEERING AND THE GREEN, AND THEN BUILDING AND FIRE CODE SERVICES OVER HERE IN THE BLUE.
AND THEN OUR PLANNING DEPARTMENT ROUNDS OUT THE FIRST FLOOR OVER HERE IN THE PURPLE.
SO, UH, LOTS OF SHARED MEETING SPACE FOR THE DEPARTMENTS.
AND THEN THE HATCHED IS WHERE YOU SEE THE ROOM FOR GROWTH WITHIN EACH OF THE DEPARTMENTS.
SO IF YOU, IF THERE'S ANY QUESTIONS THROUGHOUT THIS, THEN PLEASE JUST STOP ME AND, AND I'M HAPPY TO ANSWER.
UM, AND THEN THE PARKING GARAGE, JUST SOME DETAILS ABOUT THAT AND I'LL PROMISE I'LL GET TO THE PRETTY PICTURES IN A SECOND.
SO, FIVE STORIES, 350 STALLS, AND AS I SAID, MEET THE NEEDS OF CITY HALL AND MUNICIPAL COURT, BUT ALSO PROVIDE PUBLIC PARKING FOR THE AREA.
AND THEN THERE'S ALSO THE POTENTIAL WE'RE SHOWING NOW WITHIN THE PROJECT BUDGET FOR RETAIL SPACE TO BE INCLUDED ON THE FIRST FLOOR OF THE PARKING GARAGE.
UM, AND MUNICIPAL COURT, WHICH IS THE FINAL PIECE OF THAT PUZZLE AS WE MOVE FARTHER TO THE EAST.
AND UP ALONG BOULEVARD WILL BE ONE STORY, 15,000 SQUARE FEET
[00:30:01]
AND HAVE AN EXPANDED COURTROOM AND LOBBY, AND THEN ALSO EXPANDED OFFICE SPACE AS WELL.UM, A LITTLE BIT ABOUT THE GREEN SPACE OR THE PLAZA AREA.
SO AS I MENTIONED, WE'VE SEEN LOTS OF SUCCESS WITH THE TEMPORARY POCKET PARK THAT'S JUST OUT THE BA OUT THE DOORS HERE AS YOU, AS YOU EXIT THE COUNCIL CHAMBERS.
SO THAT'S AFFECTIONATELY KNOWN AS WHITTLER LAWN.
UM, AGAIN, THAT WAS ALWAYS PLANNED TO BE TEMPORARY AND WE WANTED TO SEE HOW THE COMMUNITY RESPONDED.
AND THE ANSWER IS THEY RESPONDED REALLY WELL.
AND SO WE WERE, THE, THE THOUGHT ABOUT CLOSING WHITTLER TO VEHICULAR TRAFFIC IS TO ALLOW FOR A MORE PERMANENT PLACE FOR THOSE USES THAT ARE IN WHITTLER LAWN TO BE IN THE STREET AND REPURPOSE THE USE OF THE STREET.
SO ALSO, UH, WE FEEL IT'LL HELP WITH SAFETY, BOTH FOR THE PUBLIC THAT'S GOING BACK AND FORTH FROM THE GARAGE, UH, FROM CITY HALL AND ALSO FOR THE EMPLOYEES.
AND THEN AS WELL, THE OPPORTUNITY TO HELP THE SUCCESS OF THE FUTURE REDEVELOPMENT.
SO THINK ABOUT WHEN I SAY THAT, THINK ABOUT A BUILDING FACING RIGHT HERE, INSTEAD OF FACING FIRST, IT'S NOW FACING INTO THIS GREEN SPACE.
WE THINK THAT HAS THE POTENTIAL TO CREATE EVEN A HIGHER AND BETTER USE FOR THAT DEVELOPMENT.
AND THIS ONE IF IT'S FACING INWARD TO THE GREEN SPACE RATHER THAN THE FRONT DOOR IS FACING TOWARDS THE STREET.
SO THAT'S WHAT WE MEAN WHEN WE SAY THAT.
AND THEN ALSO, AS A REMINDER, THERE WAS A SURVEY, UH, TALK IN 2019 THAT WAS CONDUCTED TALKING ABOUT DOWNTOWN SPECIFICALLY AS IT RELATES TO, UH, CARS AND MOVEMENT OF THINGS DOWNTOWN.
ONE OF THE BIGGEST OVERARCHING THINGS FROM THE SURVEY IS WHAT PEOPLE WANTED WAS TO REDUCE THE IMPACT OF AUTOS IN THE DISTRICT, BOTH BY SPEED AND AMOUNT OF CARS, AND THEN ALSO THEY DESIRED MORE, UH, WALKABILITY AND TO SUPPORT BUSINESS.
WE FEEL BY CLOSING LITHLER THROUGH THIS STRETCH, IT ACCOMPLISHES THOSE THINGS THAT PEOPLE SAID THAT THEY WOULD LIKE TO SEE.
UM, JUST, AND THIS ONE GOT A LITTLE TINY, WHOOPS, A LITTLE BIT OF A PROJECT BACKGROUND.
THE NEED FOR THIS, UM, IS WE'VE GOT, AGAIN, A COUNCIL CHAMBERS IN A COURT THAT ARE TOO SMALL FOR A CITY OF ALMOST 95,000.
AND THEN ADDITIONALLY, WE HAVE A GROWTH OF EMPLOYEES.
WE'RE JUST SIMPLY OUTTA SPACE.
WE HAVE, UM, EMPLOYEES
WE HAVE THEM IN FORMER CLOSETS, WE HAVE THEM IN BASEMENTS.
AND, UH, SOMETIMES ONE OF THE FIRST CONSIDERATIONS THAT WE MAKE IS NOT, IS THERE A SERVICE TO THAT NEEDS TO BE PROVIDED TO THE COMMUNITY? IS DO WE HAVE SPACE TO OFFICE THE PERSON SO WE CAN PROVIDE THE SERVICE TO THE COMMUNITY.
AND BY BUILDING SOMETHING LIKE THIS, WE WON'T HAVE TO ASK THOSE QUESTIONS AGAIN.
SO, UM, ALSO, UH, SOME OF THE PROJECT BACK BACKGROUND, THESE PROJECTS WERE IDENTIFIED IN THE 27 TO BE FUNDED THROUGH THE 2017 REPURPOSED SALES TAX.
SO AT THE TIME, THE CITY COUNCIL APPOINTED APPOINTED A SHORT TERM CITIZEN TASK FORCE TO EXPLORE EXTENDING THE 2012 PUBLIC SAFETY CENTER TAX, UH, TAX THAT BUILT OUR LOVELY PUBLIC SAFETY CENTER THAT WAS A TEMPORARY TAX.
WHAT CAME OUT OF THAT IS THAT THE TASK FORCE RECOMMENDED TO EXTEND THAT FOR 10 YEARS AND TO REPURPOSE THAT, VOTERS APPROVED THAT IN 2016.
TWO OF THE PROJECTS ON THAT LIST, ONE BIG ONE WAS DOWNTOWN REVITALIZATION TO INCLUDE A PARKING GARAGE.
AND THEN ALSO INCLUDED THAT, INCLUDING THAT WAS CONSOLIDATION AS CITY OFFICES.
AND THEN ALSO, UH, MORE RECENTLY, UH, THE COUNCIL APPROVED ADOPTING THE, OUR FIRST, UH, TAX INCREMENT FINANCING DISTRICT IN EDMOND.
IT'S RIGHT HERE IN DOWNTOWN AND IT GOES FOR 20 YEARS.
AND SOME OF THE GOALS OF THAT WERE TO ADD MORE DENSITY AND TO GENERATE MORE ECONOMIC DEVELOPMENT THROUGH OFFICE LIVING UNITS, RETAIL, THINGS OF THAT NATURE.
SO WE REALLY SEE NOT ONLY IS THE CITY, UM, COMMITTING TO SPEND 44 MILLION IN THIS AREA, BUT WHEN YOU TALK ABOUT THE TIFF, SO CURRENTLY THIS PROPERTY RIGHT HERE IS OWNED BY THE CITY AND THERE'S ZERO PROPERTY TAX GENERATED FROM THAT PROPERTY.
SO IF THE CITY FINDS A DEVELOPMENT PARTNER PARTNER THROUGH A PUBLIC PROCESS THAT'S AGREED TO BY THE COUNCIL, WHAT YOU COULD SEE THERE IS THE POTENTIAL FOR SOMETHING.
IF SOMEONE MAKES A, AN UPWARDS OF $10 MILLION INVESTMENT TO BUILD A BUILDING RIGHT THERE, THEN THAT HITS THE PROPERTY TAX ROLES.
THAT MONEY FOR, FOR THE, FOR 20 YEARS, IS ABLE TO BE USED BY THE TIFF AND REINVESTED BY THE CITY IN THE AREA.
BUT THEN AFTER THE TIFF IS OVER, THEN IT HITS THE PROPERTY TAX ROLES BACK TO THOSE ENTITIES BEFORE THE TIFF WAS CREATED.
SO THINK THE PUBLIC SCHOOLS THINK THE LIBRARY, THINK THE VOTE TAX AND THINK THE COUNTY.
SO AGAIN, MONEY TO BE ABLE TO BE REINVESTED BACK IN THE AREA THROUGH THE REDEVELOPMENT, EXACTLY WHAT WE WERE EXACTLY WHEN THE, THE TIFF WAS APPROVED FOR PROJECTS JUST LIKE THIS.
AND THEN AS MY ALLERGIES ARE GETTING ME, UH, BUILDING CONSOLIDATION.
SO WE FEEL BY CONSOLIDATING, UH, PEOPLE THAT ARE IN THREE TO FOUR BUILDINGS INTO ONE BUILDING, IT'S GONNA REDUCE PUBLIC CONFUSION.
IT'S GONNA ALSO HELP IMPROVE EMPLOYEE COLLABORATION.
YOU SAW THE ADJACENCIES AND THE CLOSER ADJACENCIES THAT WE HAD, THAT'LL, THAT'LL HELP BY PUTTING EVERYBODY UNDER ONE ROOF AND THEN ALSO CREATING A SAFER ENVIRONMENT, UM, FROM A SAFETY AND SECURITY PERSPECTIVE, BOTH FOR CITY EMPLOYEES AND THE PUBLIC.
SO ONE OF THE THINGS I TALKED ABOUT THAT WERE OUTTA SPACE RIGHT HERE IN THE GROWTH OF
[00:35:01]
EMPLOYEES, UM, ABOUT FOUR YEARS AGO, WE HAD TO MAKE THE DECISION.WE DID HAVE OUR BUILDING AND FIRE CODE SERVICES, ENGINEERING AND PLANNING ALL WITHIN ONE BUILDING THAT'S JUST NORTH OF HERE.
DUE TO THE GROWTH IN ALL THREE DEPARTMENTS, WE HAD TO FIND A TEMPORARY USE FOR OUR BUILDING AND FIRE CODE SERVICES.
BECAUSE OF THAT, THEY HAD TO MOVE OUT OF THAT BUILDING AND WE HAD TO SPEND ABOUT $800,000 TO EQUIP A SPACE IN ORDER FOR THEM TO OFFICE OUT OF.
THAT'S NOT IDEAL, BUT WE KNEW WE HAD THE IMMEDIATE NEED.
AND BY, BY PUTTING EVERYBODY BACK UNDER ONE ROOF, WE'LL WE WILL, UH, WE'LL MAKE IT EASIER ON OUR RESIDENTS AND THEN WE'LL ALSO MAKE A BETTER ENVIRONMENT FOR OUR EMPLOYEES TO OFFICE IN JUST A LITTLE BIT WHERE WE'RE AT.
SO THERE'S BASICALLY FIVE PHASES IN, IN, IN BUILDING DESIGN.
SO FOR THIS PROJECT, WE ARE, WE HAVE JUST COMPLETED THE SCHEMATIC DESIGN PHASE.
SO WE'VE GONE THROUGH PRE-DESIGN SCHEMATIC DESIGN, AND THEN WE'LL JUMP INTO DESIGN DEVELOPMENT NEXT ON THE CONSTRUCTION DOCUMENTS.
AND THEN FINALLY ON THE CONSTRUCTION, JUST AS A HELPFUL VISUAL ABOUT WHERE WE'RE AT.
SO THE CITY HALL COMPLEX PROJECT WE SAW, UH, COUNCIL APPROVED AN AGREEMENT WITH RECENT ASSOCIATES IN JULY, 2020.
AND AS I SAID, 95% COMPLETE, MOST OF THE PARTS OF THE SCHEMATIC DESIGN ARE DONE.
AND REALLY WHAT WE FOCUSED ON WAS SITE LOCATION IN THE BUILDING PROGRAMS WITHIN THE BUILDING.
WE'LL MOVE ON TO DESIGN DEVELOPMENT AND WE'LL START TO DEVELOP MORE OF THE SPECIFICS OF THE INTERIOR AND THE EXTERIOR.
AND THEN LAST CONSTRUCTION DOCUMENTS.
ONE OF THE THINGS THAT'S REALLY UNIQUE ABOUT THIS PROJECT THE CITY'S NEVER DONE IS A NEW CONSTRUCTION DELIVERY METHOD CALLED CONSTRUCTION MANAGER AT RISK.
SO THAT WAS APPROVED WITH FLINTCO IN DECEMBER OF 2020.
AND WITH THEM ALREADY BEING INVOLVED IN SOME PRE-CONSTRUCTION SERVICES, WE'RE ABLE TO SET A TOTAL, UH, PROJECT CONSTRUCTION BUDGET.
AND SO ON THE NEXT SLIDE, I'LL GET TO THAT.
SO WHAT, WHAT THEY WILL DO IS THEY PROVIDE PRE-CONSTRUCTION SERVICES.
SO THEY'RE A MEMBER OF THE TEAM AND THEY'RE ABLE TO PROVIDE ROLLING ESTIMATES TO US AND ESTABLISH A SCHEDULE ON WHEN, ON A MUCH FIRMER SCHEDULE ON WHEN THE BUILDING'S GONNA BE DONE.
SO AS SOON AS WE MOVE TO THE CONSTRUCTION PORTION OF THIS PROJECT, THEN THEY'LL PUT THEIR GENERAL CONTRACTOR HAT ON AND THEY WILL FACILITATE ALL, ALL NATURE OF THE CONSTRUCTION OF THE PROJECT.
AND THE TARGET DATE IS TO HAVE THE CONSTRUCTION COMPLETE IN LATE 2024 FOR THIS PROJECT.
AND AGAIN, AS I MENTIONED, HERE'S THE PROJECT BUDGET FOR THIS BUILDING FOR THESE TWO BUILDINGS IN A PARKING GARAGE, 44 MILLION.
AND THEN HERE'S HOW WE GOT TO THESE FIGURES, AGAIN, JUST SHOWS THE VALUE OF HAVING YOUR GC ALREADY ON BOARD, COSTEST ESTIMATING ALONG WITH THE ARCHITECT, AND THEN THERE'S A FEW THINGS THAT ARE OUTSIDE OF THAT 44 MILLION CONSTRUCTION BUDGET.
ONE IS THE DESIGN, UM, WHICH IS OF COURSE ALREADY BEEN APPROVED.
AND THEN THE PLANS FOR THE GREEN SPACE.
WE KNOW WE'RE NOT AS FAR ALONG ON THOSE.
AND SO WE'RE, WE'RE KIND OF, AND KNOW THAT THEY'RE NOT AS CRITICAL TO THE PROJECT AS SOME OF THE OTHER COMPONENTS.
SO WE'RE FINDING OTHER WAYS TO FUND OUTSIDE OF THAT PROJECT.
SO WE'VE ALLOCATED A MILLION DOLLARS FOR THAT.
AND THEN WE ALSO THINK WE WILL GO THROUGH THE STUDY, BUT WE THINK THIS IS GONNA WARRANT A TRAFFIC LIGHT AT THE INTERSECTION IN BOULEVARD IN MAINE WHEN WE'RE COMPLETE WITH THIS PROJECT.
SO THAT'S OUTSIDE THE PROJECT AS WELL.
AND THEN, UM, HERE'S SOME PICTURES OF THIS.
I KNOW THIS AND IT'S BEEN GREAT.
THE MEDIA'S BEEN COVERING THIS.
THERE'S LOTS OF PICTURES OF THIS STARTING TO GET OUT.
I WILL EMPHASIZE THESE ARE CONCEPTUAL DESIGNS, BUT I'VE GOTTEN VERY POSITIVE FEEDBACK OVERALL ABOUT THE DESIGN OF THIS FACILITY.
SO, UM, THERE'S YOUR, THERE'S YOUR BRAND NEW ENTRANCE.
THERE'S, UH, STANDING, UH, JUST ON THE OTHER SIDE OF MAIN STREET LOOKING SOUTH.
AND THEN HERE'S WHAT IT WOULD LOOK LIKE FROM THE PLAZA AREA AS YOU LOOK BACK TO THE WEST.
AND THEN HERE'S, HERE'S A RENDERING OF WHAT THE GARAGE COULD LOOK LIKE.
SO YOU'D ENTER AN EXIT OFF OF MAIN STREET.
ONE OF THE THINGS WE REALLY WANNA MAKE SURE WE WE DO IS SCREEN ON ALL SIDES.
THIS IS AN URBAN ENVIRONMENT, SO WE WANNA MAKE SURE THE AESTHETICS OF THE GARAGE MATCH THE AREA.
AND THEN HERE'S MUNICIPAL COURT, WHICH WILL SIT, THIS IS MAIN STREET RIGHT HERE, AND THIS IS BOULEVARD HERE JUST TO THE EAST.
SO THIS IS THE ONE STORY, UH, MUNICIPAL COURT STRUCTURE THAT WILL BE HERE.
AND THEN HERE'S THE POTENTIAL RETAIL COMPONENT THAT WE'RE STILL TALKING ABOUT USES FOR RIGHT THERE.
SO POTENTIAL THAT THE STATE AND THE COUNTY FUNCTIONS MOVE INTO THAT.
AND THEN QUICKLY, I WILL MOVE INTO, UH, THE LIBRARY AND THE Y M C A AND JUST GIVE A VERY BROAD OVERVIEW OF THIS.
AND I WANT TO THANK OUR, OUR PARTNERS FROM THE Y M C A.
I KNOW THAT THEY ARE HERE TONIGHT.
IT'S ALWAYS GREAT TO SEE THEM.
AND UM, AS THIS PROJECT IS, IS DEMONSTRATING NOW AS WE GO THROUGH DESIGN, AND I THINK THE COMMUNITY WILL REALLY SEE AS THE BUILDING GETS BUILT AND BEGINS TO BE OPERATED, THE COMMUNITY WINS WHENEVER EVERYBODY PULLS THEIR RESOURCES TOGETHER.
SO I KNOW THAT I'M NOT SURE IF THE LIBRARY COULD MAKE IT TONIGHT, BUT I KNOW THEY'VE BEEN AS A PART OF EVERY STEP OF THE WAY AND I KNOW THAT THEY'RE, THEY, UH, SEND THEIR CONDOLENCES THAT THEY WEREN'T ABLE TO BE HERE THIS EVENING.
SO AGAIN, IT'S A THREE-WAY PARTNERSHIP.
AND JUST RECENTLY THE CITY HAS CLOSED ON THE LAND FOR THIS.
HERE'S THE HENDERSON HILLS CAMPUS RIGHT HERE.
SO THE PROJECT SITE IS THIS 10 ACRES RIGHT HERE.
ONE OF THE THINGS WE REALLY LIKED ABOUT THIS SITE IS THE SHARED ENTRANCE THAT'LL HAVE, AND THEN ALSO THE SHARED PARKING.
AND THEN AS THE COMMUNITY CONTINUES TO, UH, THE POPULATION CONTINUES TO GROW EAST, WE FEEL LIKE THIS REALLY CENTERS
[00:40:01]
IT GEOGRAPHICALLY TO BE ABLE TO ACCOMMODATE THAT NEED.THERE'S THE NEED NOW AND WE KNOW IT'S ONLY GONNA CONTINUE.
UM, SO AGAIN, THE CI HOW THIS ARRANGEMENT WORKS IS THE CITY OWNED THE LAND WE JUST CLOSED ON THE NINTH, AND THE CITY WILL OWN THE BUILDING AND THEN THE CITY WILL SIGN LONG-TERM LEASES WITH THE LIBRARY AND THE Y M C A.
SO THE, WE'RE WORKING THROUGH DESIGN RIGHT NOW, BUT THE BUILDING RIGHT NOW IS 70,000 SQUARE FEET, 50 OF, THAT'S FOR THE Y FIFTEENS FOR THE LIBRARY.
AND THEN FIVE, FIVE IS TO BE SHARED BY THE THREE ENTITIES.
SO WE'RE TALKING ABOUT PROGRAMMING NOW, BUT THERE COULD BE PUBLIC MEETINGS, THERE COULD BE LOTS OF OTHER JOINT PROGRAMMING THAT OCCURS WITHIN THAT 5,000 SQUARE FEET.
AND JUST A LITTLE BIT OF THE PROJECT BACKGROUND OR THE WHY OF THIS.
CURRENTLY WE HAVE ONE LIBRARY IN THE CITY LIMITS OF EDMUND.
IT'S THE BUSIEST IN THE STATE.
AND THEN THE MITCH PARK, Y M C A IS THE BUSIEST OF THE, OF, IN THE GREATER OKLAHOMA CITY BRANCH, OF WHICH THERE'S 14.
SO THERE'S OBVIOUSLY A NEED FOR SOMETHING LIKE THIS IN THE COMMUNITY JUST BASED UPON THAT.
AND AS I SAID, WHENEVER UM, THE THREE ENTITIES COMBINE THEIR RESOURCES, THEN THE COMMUNITY WINS.
AND I'D REALLY LIKE TO THINK OF THIS AS A MULTI-GENERATIONAL COMMUNITY SPACE.
SO I THINK YOU WILL HAVE, UH, PEOPLE THERE IN THE MORNING, MAYBE FOR TODDLER SWIMMING LESSONS.
AND THEN THROUGHOUT THE DAY THE AGES AND THE FACES WILL CHANGE AS YOU COULD.
YOU COULD SEE SOME, UM, ENGLISH AS A SECOND LANGUAGE CLASS IS GOING ON IN THE LIBRARY.
THEN YOU COULD ALSO SEE SOMEONE BRINGING MAYBE, UH, A CHILD IN FOR A READING LESSON.
YOU COULD SEE SOMEBODY APPLYING FOR A JOB ON THE COMPUTERS THAT ARE IN, UH, THAT ARE IN THE LIBRARY.
SO I'D REALLY LIKE TO THINK OF THIS AS A MULTI-GEN, UH, GENERATIONAL COMMUNITY SPACE.
SO LOTS OF DIFFERENT USES FOR LOTS OF PEOPLE.
SO AGAIN, HERE WE ARE WITH THE FIVE PHASES.
WITH THIS ONE WE'RE A LITTLE FURTHER BEHIND.
SO WE'RE RIGHT HERE ON THE SCHEMATIC DESIGN OF THIS ONE.
WE'RE ABOUT 30% DONE WITH SCHEMATIC DESIGN ON THIS.
WE'VE HIRED GH TWO FOR THAT AS WAS APPROVED IN OCTOBER, 2022.
ONE OF THE THINGS WE DID THAT WAS UNIQUE WITH THIS IS, UM, WE ALSO WENT AHEAD AND HIRED A SPECIALTY CONSULTANT FOR THE Y M C A AND THEY STARTED IN JUNE, 2022.
WHAT THAT REALLY IS DOING IS HELPING PROGRAM THE Y M C A BOX.
SO ONCE WE GET A WE'RE, ONCE WE GET A LITTLE FURTHER DOWN SCHEMATIC DESIGN, WE'LL HAVE DONE A LOT OF THINGS THAT USUALLY TAKE PLACE DURING DESIGN DEVELOPMENT.
SO EVEN THOUGH IT MAY SAY 30%, WE'VE DONE A LOT MORE WORK ALREADY ON THIS JUST BECAUSE OF HIRING THE SPECIALTY CONSULTANT.
SO THEN WE'LL MOVE ON TO DESIGN DEVELOPMENT.
AND THEN LASTLY, CONSTRUCTION DOCUMENTS.
SO THIS ONE THE SAME AS THE CITY HALL COMPLEX WILL BE CONSTRUCTION MANAGER AT RISK DELIVERY METHOD, AND AGAIN, PRE-CONSTRUCTION AND GENERAL CONTRACTORS.
WE JUST HAD OUR INTERVIEWS, UM, LAST WEEK AND THEN LOOKING TO BRING A CONTRACT FOR COUNCIL'S APPROVAL EITHER ON THE 27TH OF THIS MONTH OR THE 13TH OF MARCH.
SO HOPEFUL, HOPEFUL IT'LL BE THE 27TH.
BUT, UM, SOMETIMES THOSE THINGS TAKE A LITTLE BIT TIME.
IT'S SUCH AN IMPORTANT PROJECT.
WE WANNA MAKE SURE WE GET THE CONTRACT RIGHT WITH THE, THE GENERAL CONTRACTOR.
SO LOOKING AT A CON UH, CONSTRUCTION COMPLETION OF SPRING OF 2025 AND THE PROJECT BUDGET FOR THIS 37 1, UH, 37.1 MILLION.
AGAIN, 4 MILLION FOR THE LAND, 3.1 FOR THE DESIGN, AND 30 TO, TO BUILD THE BUILDING.
AND HOW THAT COST SPLIT WILL LOOK IS THE CITY FUNDS THE FULL COST OF THE LAND.
THE CITY PAYS THE FULL UPFRONT COST FOR DESIGN AND CONSTRUCTION.
AND THEN FOR THE Y M C A PORTION OF THE BUILDING.
SO 50% OF THAT 50,000 SQUARE FEET FOR DESIGN AND CONSTRUCTION WILL BE PAID BACK BY THE Y M C A OVER 15 YEARS WITH INTEREST.
SO WHEN THE PROJECT'S COMPLETE, THE Y M C A TOTAL COST WILL BE JUST A LITTLE UNDER 12 MILLION.
UM, OF THE 37.1 IN THE TOTAL CITY COST WILL BE JUST A LITTLE OVER 25.3.
AND THE, THE AGREEMENTS WITH THE WI WITH THE METRO LIBRARY SYSTEM LOOK DIFFERENT BECAUSE THESE ARE UNIFORMED THROUGHOUT THEIR SYSTEM.
AND HOW THAT WORKS IS THE CITY OWNS THE LAND, BUILDS AND OWNS THE BUILDING, AND THEN THE, THE WINE, UH, THE METRO LIBRARY SYSTEM EQUIPS AND OPERATES THE FACILITY.
AGAIN, ALL THIS WILL BE SPELLED OUT IN THE GOVERNING DOCUMENT OF THE THREE-WAY PARTNERSHIP, WHICH WILL BE A LEASE AGREEMENT THAT'LL BE EXECUTED PRIOR TO CONSTRUCTION.
SO WE'RE, WE'RE HAVING THOSE CONVERSATIONS NOW WORKING ON THOSE THINGS.
JUST A LITTLE BIT OF EXAMPLE OF THE DETAILS THAT'LL BE IN THERE.
SO AGAIN, THE LIBRARY AND THE Y WILL BE RESPONSIBLE FOR THEIR FURNITURE'S FIXTURES AND EQUIPMENT.
IT'S ESTIMATED FOR, UH, THE LIBRARY'S A LITTLE UNDER A MILLION DOLLARS AND THEN TO OPERATE IT ON A YEARLY BASIS IS 1.5.
AND FOR THE WHY THEIR FFF AND E IS $2 MILLION AND A LITTLE UNDER $4 MILLION FOR THEM TO OPERATE IT ON AN ANNUAL BASIS.
UM, AND THEN WITH THE LIBRARY AND THE Y THEY'LL BE RESPONSIBLE FOR THE MONTHLY UTILITIES AND THE CITY WILL MAINTAIN THAT.
SO THE ROOF AND THE HVA SYSTEM.
OKAY, THE THINGS ON THE OUTSIDE OF THE BUILDING, THEY'LL MAINTAIN EVERYTHING ON THE INSIDE OF THE BUILDING.
AND THEN TURNING YOUR ATTENTION TO THE THREE ITEMS THAT ARE ON THERE THIS EVENING.
UM, SO FUNDS REQUIRED, AND THIS IS IN HERE AND I'LL TURN IT OVER TO THE EXPERTS HERE IN A MINUTE.
SO, OR, UH, 81.1 MILLION OVER 15 YEARS.
AND IT'S ESTIMATED, IT'S ITALICS THERE CUZ WE'RE NOT SURE YET THAT THAT INTEREST RATE WILL BE SOMEWHERE BETWEEN FOUR AND FIVE AND 5%
[00:45:01]
WITH REPAYMENT COMING FROM THE 2000 CIP P SALES TAX.SO I WILL TURN IT OVER TO MR. ALLEN BROOKS.
MR. CHRIS GANDER, UM, WITH THE PUBLIC FINANCE LAW GROUP.
ALAN'S GONNA GO FIRST, BUT I'LL SAY THESE GENTLEMEN, UM, COMBINED HAVE NEARLY 60 YEARS OF EXPERIENCE IN THIS FIELD AND COULDN'T THINK OF PEOPLE BETTER TO BE WORKING WITH AS WE EMBARK ON THIS IMPORTANT PROJECT AND HELPING TO SECURE THE FINANCING FOR THEM.
I COULD HAVE MISSED THAT LAST COMMENT ABOUT THE YEARS OF EXPERIENCE CUZ YOU'LL SEE CHRIS AND YOU'LL SEE HE HAS FEWER MILES ON HIM THAN I DAYS.
SO
UH, AS, UH, ANDY NOTED THE CITY CLOSED ON THE PROPERTY, SPENT $4 MILLION ON THE PROPERTY.
THE RESOLUTION THAT, UH, YOU HAVE IN FRONT OF YOU AUTHORIZES THE AUTHORITY OR, OR ESTABLISHES THE AUTHORITY'S INTENT THAT THEY COULD REIMBURSE THE AUTHORITY OUT OF THE PROCEEDS OF TAX EXEMPT DEBT.
AT THE POINT IN TIME, WE ACTUALLY CLOSE THE FINANCING IN FRONT OF FEDERAL TAX LAW STANDPOINT.
WE HAVE THE EVIDENCE, THE INTENT TO REIMBURSE OURSELVES POTENTIALLY WITHIN 60 DAYS AFTER THE MONEY'S SPENT.
SO AGAIN, THAT JUST HAPPENED VERY RECENTLY.
THIS DOES NOT OBLIGATE THE AUTHORITY TO FINANCE THAT LAND ACQUISITION, BUT IT DOES GIVE THE AUTHORITY THE ABILITY TO DO THAT AS WE GET TO THAT POINT IN TIME, IF THAT'S THE DESIRE OF THE AUTHORITY.
SO AGAIN, IT'S AN OPPORTUNITY OR AN OPTION DOES NOT OBLIGATION TO ANYTHING.
I'D BE HAPPY TO ANSWER ANY QUESTIONS ON THAT FIRST RESOLUTION RELATIVE TO THE REIMBURSEMENT.
DID YOU WANT TO HANDLE THAT ITEM FIRST AND THEN MOVE ON TO THE, THE NEXT TWO? OR WE CAN COUNSEL, WHAT WAS YOUR PLEASURE? YOU WANT TO, YOU WANT TO DO ALL THREE OR, OR, OR GET ALL OF THE, THE TECHNICAL FINANCIAL INFORMATION MM-HMM.
I THINK THAT'S, LET'S GO AHEAD AND GET ALL THE SURE.
SO THAT, THAT, AS ALAN SAID, THE FIRST RESOLUTION IS JUST ABOUT PAYING YOURSELF BACK.
SO THE NEXT TWO RESOLUTIONS ARE AUTHORIZING US TO GO OUT AND SOLICIT FINANCIAL PROPOSALS FROM BANKS.
SO, UH, ITEM TWO IS 37,100,000 FOR THE Y M C A FACILITY.
AND THEN THE NEXT ITEM, THE 44 MILLION IS RELATING TO THE CITY HALL.
SO WE'VE HAD DIFFERENT QUESTIONS.
UH, WHAT WE'RE TALKING ABOUT DOING HERE IS A PUBLIC, UH, PRIVATE, PRIVATE PLACEMENT BANK NOTE.
WE'VE DONE BOND ISSUES ON SOME TRANSACTIONS.
WE'VE DONE WATERBOARD LOANS ON OTHER FINANCINGS.
AND AS IT RELATES TO THIS TRANSACTION, IT'S SHORT ENOUGH THAT A BANK FINANCING IS POSSIBLE.
UH, GENERALLY WHEN WE GO THROUGH THAT, WE HAVE BETTER PREPAYMENT PROVISIONS.
WE ALSO ARE ABLE TO, IF WE EVER NEED TO CHANGE ANYTHING IN THE DOCUMENTS LATER ON, WE'RE DEALING WITH ONE FINANCIAL INSTITUTION.
SO WE CAN GO AND MOST BANKS WANNA DO MORE BUSINESS WITH THE CITY LIKE EDMOND.
SO THEY'RE GENERALLY VERY WILLING TO WORK WITH US TO MODIFY THE DOCUMENTS.
WHEREAS IF WE HAVE A BOND ISSUE, YOU HAVE TO GET A WHOLE BUNCH OF BONDHOLDERS EFFECTIVELY IT'S, IT'S ALMOST IMPOSSIBLE TO GET CONSENT FROM A PUBLICLY TRADED BOND ISSUE.
SO BECAUSE OF THAT AND, AND THE COST OF CAPITAL IS VERY SIMILAR, WE ALSO DON'T NEED TO HIRE AN UNDERWRITER.
WE DON'T HAVE TO GET IT RATED.
SO, UH, WE'RE RECOMMENDING TO DO THESE AS PRIVATE PLACEMENT BANK NOTES AND WE'LL PUT A BID PACKET TOGETHER.
UH, THERE'S A TIMELINE, I DON'T KNOW IF I'VE GOT COPIES, BUT KIND OF THE TIMELINE.
UH, WE TOOK THIS TO FINANCE COMMITTEE LAST WEEK.
I MEAN, WE'VE HAD MULTIPLE MEETINGS PRIOR TO THAT.
WE'LL WORK THROUGH A KIND OF AN OFFERING DOCUMENT BID PACKET WITH CITY STAFF AND THEN WE'LL DISTRIBUTE THAT AND WE WILL BE BACK AT YOUR MEETING ON MARK 13TH AND THAT'S WHERE WE'LL HAVE BIDS IN HAND AND YOU ALL WILL AUTHORIZE THE ISSUANCE OF THE DEBT AT THAT POINT, ASSUMING WE HAVE SATISFACTORY BIDS, BUT HAPPY TO ANSWER QUESTIONS.
I KNOW HOW THE VOTE WENT AT FINANCE COMMITTEE, BUT HOW DID, WHAT WERE YOUR TAKEAWAYS FROM KIND OF A BIGGER DISCUSSION THERE AND, AND YOU DOVE A LITTLE BIT MORE IN DEPTH, BUT WHAT WERE YOUR TAKEAWAYS ON THE, I'M NOT SURE WHAT WE'RE TALKING ABOUT ON THE FINANCE COMMITTEE MEETING.
I THINK ONE THING THAT, UM, I THINK IT WAS RIGHT BEFORE YOU CAME IN, SO I DIDN'T KNOW IF YOU HEARD LATER, BUT WE MADE IT VERY CLEAR THAT THE COST OF THE FINANCING WILL BE ENCOMPASSED IN THE CEILING AMOUNTS MM-HMM.
AND SO I THINK THAT'S IMPORTANT TO CONVEY TONIGHT THE 44 MILLION, THE 37.1 ARE INCLUSIVE OF ANY FINANCING FEES AND COSTS ASSOCIATED WITH WITH THAT.
[00:50:01]
CORRECT.SO, I MEAN THAT WAS, YEAH, WE'LL HAVE A NOT YEAH, NOT EXCEED DOLLAR AMOUNT, RIGHT? MM-HMM.
AND SOMETIMES ON THE, ON THE BOND ISSUES WHERE LIKE WHEN WE WOULD COME FOR THIS BECAUSE YOU DON'T REALLY KNOW WHAT YOU CAN'T, YOU DON'T REALLY HAVE THE BIDS IN HAND, SO TO SPEAK, ESPECIALLY ON A UTILITY SYSTEM REVENUE OR SALES TAX, REVENUE BOND ISSUE.
SO WE WOULD COME IN AND WE, WE GET WHAT'S CALLED A PROVISIONAL APPROVAL.
SO WE JUST COME ONE TIME AND SAY, AS LONG AS WE HAVE A RATE UNDER A CERTAIN PERCENTAGE, AND AS LONG AS WE DON'T BORROW MORE THAN A CERTAIN DOLLAR AMOUNT, YOU ALL AUTHORIZE IT.
WE GO OUT, HIRE AN UNDERWRITER, GET THE BONDS RATED.
I MEAN THAT'S, THAT'S KIND OF THE ONLY TIME YOU SEE US IS THAT VERY FIRST TIME WHERE HERE WE JUST WANNA MAKE SURE THERE'S A CONSENSUS WITH THE COUNCIL BECAUSE ALL THESE BANKS ARE GONNA SPEND A LOT OF TIME GOING THROUGH THIS.
IT'S NOT LIKE WE THINK WE'RE GONNA DO THIS.
I MEAN, THEY'RE GONNA GIVE US COMMITMENTS TO, TO FINANCE THESE AT THOSE SET INTEREST RATES WITH, UH, THE PARAMETERS THAT WE KIND OF LAY OUT.
AND WE JUST WANNA MAKE SURE WHEN WE COME BACK THAT YOU KNOW, BANKS ARE GONNA, UM, NOT BE AS WILLING TO LOOK AT YOUR DEALS IN THE FUTURE IF WE COME BACK AT THE NEXT MEETING, NOT NEXT MEETING, BUT ON MARCH 13TH AND YOU GUYS JUST CHANGED YOUR MIND.
SO THE KEY THING IS, YOU KNOW THAT THAT'S WHEN THE, YOU'LL HAVE THE RATES AND YOU'LL HAVE KNOW EXACTLY WHAT YOU HAVE IN ALL THE DETAILS OF IT.
IS THIS A LINE OF CREDIT OR A LUMP SUM? IT'S A LUMP SUM.
AND WE'VE, WE'VE WORKED THROUGH THAT A LOT OF TIMES ON A LOT OF PROJECTS AND JUST GENERALLY SPEAKING, TRYING TO DO A DRAWDOWN, THEY ADD SO MUCH TO THE RATE.
YOU MIGHT AS ESPECIALLY RIGHT NOW BECAUSE YOU GUYS CAN ACTUALLY EARN A, I MEAN RATES ON SHORT TERM MONIES HIGHER, I MEAN THE YIELD CURVES INVERTED, SO YOU CAN EARN AS MUCH MONEY AS YOU PROBABLY ARE BORROWING AT.
WE'RE INCLUDING THAT AGAIN, THAT INTEREST, INTEREST, INTEREST PROJECTION IN THE, IN THE CEILING.
THE FINANCING COSTS ARE INCLUDED IN OKAY.
YEAH, I MEAN IF I, IT'S, I MEAN I, AS A BUILDER, I, I LIKE THE ADVANTAGES OF THE LINE OF CREDIT CUZ OBVIOUSLY YOU'RE NOT PAYING THE FULL INTEREST RIGHT AWAY.
UM, I, I WISH, I WISH WE HAD THAT OPTION AND, AND KNOWING KIND OF THE DOLLAR AMOUNTS EACH WAY, BUT, AND I MEAN I CAN GET, I MEAN YOU KIND OF JUST THROW IT OUT THERE, IT'S THESE BANKS AND WITHOUT SOME KIND OF PARAMETERS RIGHT.
WE TRIED TO GET IT WHERE WE'RE, WE'RE JUST WHERE WE'RE COMPARING APPLES TO APPLES.
BUT WE CAN CERTAINLY ASK FOR INSIDE THE BID PACKETS, DRAW DOWNS.
WHAT WE'VE GENERALLY SEEN IS FROM THE SAME FINANCIAL INSTITUTION, IF IT'S 4% AS A LUMP SUM, IT'LL BE FOUR 50 IS A DRAWDOWN AND THAT 50 BASIS POINTS FOR 15 YEARS DOESN'T, DOESN'T CUT THE INTEREST SAVINGS YOU MIGHT HAVE ON THE FRONT END.
BUT, BUT WE, WE CAN ASK AND IF, IF SOMEBODY'S INTERESTED, WE'LL CERTAINLY CAN RUN THE ANALYSIS TO SEE IF THAT'S A, A VIABLE OPTION.
DOES ANYBODY ELSE FEEL THAT WAY OR INDIFFERENT? AND WE'VE, WE'VE TALKED ABOUT IT CUZ I THINK ONE OF THE LARGER FINANCINGS WE HAD RECENTLY WAS THROUGH THE OKLAHOMA WATER RESOURCES BOARD THROUGH ONE OF THE STATE REVOLVING FUNDS MM-HMM.
AND THAT'S ONE OF THE REASONS THAT WE REALLY LIKE THAT PROGRAM BECAUSE THEY BASICALLY GIVE YOU A LINE OF CREDIT AND YOU DON'T PAY ANY INTEREST EXCEPT ON IT THE MONEY AS YOU DRAW IT.
SO IT, IT'S DEFINITELY HAS ITS, YOU KNOW, HAS A VALUE.
I WOULD'VE ALWAYS GONE THAT DIRECTION.
BUT HEARING THE DIFFERENCE IN THE INTEREST RATE, THE POSSIBLE DIFFERENCE IN THE INTEREST RATE, I DON'T KNOW, DOES IT BALANCE OUT? BECAUSE I HAVE A HARD TIME PAYING INTEREST ON MONEY THAT'S SITTING HERE WAITING TO BE USED AND IT'S JUST, JUST JUST HOW I AM.
WE CAN INVEST THAT IN THE MONEY WE'RE NOT USING AND DO A SHORT TERM INVESTMENT AND PROBABLY MAKE AS MUCH MONEY BACK AS WE NOW I'M PAYING THE INTEREST.
AND THAT AS YOU KNOW, A YEAR AGO YOU WERE EARNING ZERO MM-HMM.
THAT'S PARTICULARLY RELEVANT AS IT RELATES.
I MEAN, THERE'S GONNA BE SOME COMPONENT OF THIS DEBT THAT'S GONNA BE TAXABLE.
THERE'S GONNA BE A BIGGER COMPONENT OF THE DEBT THAT'S GONNA BE TAX EXEMPT.
WE'RE BORROWING THE TAX EXEM RATES AND HOPEFULLY AT LEAST IN TODAY'S ENVIRONMENT, WE CAN TURN AROUND AND INVEST TODAY THE RATES AT LEAST EQUAL TO OUR BORROWING COST FOR SHORT TERM INVESTMENT, BUT BENEFIT OF THE LINE OF CREDIT SURE.
UH, WITHOUT THE KICK KICKUP AND INTEREST RATES MM-HMM.
SO AGAIN, THERE'S THOSE ACCOUNT THAT, UM, YEAH, I'M SOLD ON THAT.
AND THAT'S WHAT WE BASICALLY SAID DURING THE FINANCE COMMITTEE, WHEN WE REALIZED ALL THE FLEXIBILITIES THAT WE WERE GONNA HAVE GOING
[00:55:01]
IN THIS METHOD COMPARED TO THE OTHER METHOD THERE, UM, I MEAN, NOBODY, WE'RE NOT GONNA STAND HERE AND GUARANTEE YOU WE'RE GONNA GENERATE ENOUGH ON OUR INVESTMENT THAT, YOU KNOW, WE'RE GONNA COVER OUR INTEREST EXPENSE.HAVING SAID THAT, WE, WE HAVE MORE INFORMATION RELATIVE TO HOW MUCH IT KICKS OUR INTEREST RATE UP ONLINE CREDIT, WHICH IS ALMOST LIKE A PENALTY.
THAT'S A THOUGHT AND THANK YOU.
TO THAT POINT, I KNOW ROSS HAD A REPORT AT THE LAST FINANCE COMMITTEE MEETING AND WHAT DID YOU SAY? YOU INVESTED SOME, SOME FOUR.
MEAN YOU'RE INVESTING SOME MONEY AT 4.8%.
WELL, WE DON'T KNOW UNTIL YOU BUSINESS, YOU'RE HOPING RIGHT NOW WE'RE, BUT I MEAN EARLIER, BLENDED RATE OF ABOUT FOUR 50 TAX WILL BE A LITTLE BIT HIGHER.
I THINK THE TAX EXEMPT WILL BE LOWER WHEN YOU BLEND THEM IN.
WE'RE HOPING TO BE SOMEWHERE UNDER FOUR AND A 5%.
MAKE MAKE ONE OTHER POINT BEFORE IT GETS TOO EXCITED ABOUT THIS BORROWING MONEY ON A TAX EXEMPT BASIS, WE CAN BASICALLY EARN UP TO OUR YIELD, OUR, OR BORROWING, WE HAVE TO LEAVE THOSE TO GIVE TAX TO FEDERAL GOVERNMENT.
I MEAN, WE DON'T HAVE THE ABILITY TO MAKE MONEY.
I THINK THE WHOLE THING IS WE WANNA BE ABLE TO PAY AS LITTLE MONEY AS POSSIBLE IN INTEREST.
SO IF THERE'S A, A WAY TO MAKE SOME OF IT BACK, THAT'S JUST A, AGAIN, CHRIS POINT FOR THE PAST, YOU KNOW, SEVERAL YEARS.
EVEN IF WE'RE BORROWING AT A VERY LOW RATE OF 2%, WE'VE BEEN INVESTING OUR MONEY.
WE'RE IN DIFFERENT ENVIRONMENT NOW THAT'S MORE POSITIVE IN THAT REGARD.
SO WE'LL TAKE, TRY TO TAKE ADVANTAGE OF THAT.
AND JUST LOOK AT WHAT THE OUTCOME IS.
WHAT'S THE FINAL OUTCOME? IF YOU TAKE IT ON A DRAW BASIS, WHAT ARE YOU GONNA END UP PAYING IF YOU TAKE IT ON A LUMP SUM AND INVEST SOME OF IT, WHAT'S THAT OUTCOME? SO WE, WE WILL BE LOOKING AT ALL THOSE OPTIONS.
SO WE'VE HAD OUR TIME FOR QUESTIONS.
I'M GONNA OPEN IT UP FOR PUBLIC TO SEE IF THEY HAD ANY QUESTIONS ON THIS ALSO.
WELL WE ALSO GONNA TALK ABOUT, I MEAN WE JUST HAD YOU BOTH STAND UP, BUT YOU ALL HAVE A FIDUCIARY RESPONSIBILITY TO THE CITY OF EDMOND.
AND WE COULD HAVE TALKED ABOUT THAT AND SOME OF YOU'VE HEARD IT ON DIFFERENT FINANCING, BUT I'M CHRIS GANDER.
WE SERVE AS YOUR FINANCIAL ADVISOR, WHICH, AND IT'S REALLY OFFICIALLY CALLED A MUNICIPAL ADVISOR.
AND SO WE, I'M A LICENSED, IT'S CALLED A SERIES 50.
UM, AND SO WE HAVE A FIDUCIARY RESPONSIBILITY TO THE CITY.
WE WORK FOR YOU ALL ON YOUR SIDE OF THE TABLE, NEGOTIATING THE BEST TERMS, RECOMMENDING WHAT WE THINK IS THE BEST FINANCING STRUCTURE.
WE'RE NOT, YOU KNOW, WE'RE NOT PUSHING BONDS, WE'RE NOT PUSHING NOTES, WE'RE NOT PUSHING WATER BOARD, WE'RE JUST OUR OBLIGATIONS.
GET YOU GUYS THE BEST TERMS. AND AT THE LOWEST INTEREST RATE, THAT'S OUR GOAL IN CONJUNCTION WITH ALLEN BROOKS.
I MEAN, HE'S YOUR ATTORNEY SERVING AS BOND COUNCIL ALSO HAS A FIDUCIARY RESPONSIBILITY TO YOU.
AND THOSE ARE OUR TWO SEPARATE ROLES.
HE TALKS A LOT OF FINANCE AND I TALK A LOT, LOT OF LAW.
THAT'S HOW WE KNOW YOU'LL GET THE S THE BEST DEAL.
UH, MR MAN, CHRIS GOT A QUESTION FOR YOU.
YOU KNOW, KIND OF UNUSUAL TO DO PRIVATE PLACEMENT FOR, FOR CITIES OVERALL.
MOST PEOPLE ARE MORE FAMILIAR WITH BONDS AND DOING BOND ISSUANCES.
AGAIN, MAYBE TAKE A MINUTE AND TALK ABOUT HOW YOU BALANCE THAT AND WHY YOU'RE RECOMMENDING PRIVATE AND WHAT THE BENEFIT IS OVER DOING BONDS.
YOU KNOW, I HEAR QUESTIONS OUT IN THE COMMUNITY, LIKE HOW HOW'S THIS GONNA IMPACT YOUR BOND RATING? THIS IS, YOU KNOW, THIS TYPE OF THINGS AND MAYBE IT'S AN OPPORTUNITY CAN MAYBE A TUTORIAL FOR ALL OF US UP HERE AS WELL AS THE CITIZENS.
SO I MEAN SOME, SOME FINANCINGS LIKE GENERAL OBLIGATION BOND, BUT YOU ALL DON'T HAVE ANY OUTSTANDING, UH, ARE ALMOST EXCLUSIVELY DONE AS BOND ISSUES.
UH, ALSO IF YOU'RE DOING ANY KIND OF FINANCING, WHETHER IT'S SALES TAX, UTILITY SYSTEM REVENUE OR, OR AD VALOR TAX.
IF YOU GET BEYOND 15 YEARS, AND CERTAINLY IF YOU GO PAST 20 YEARS, BANKS AREN'T WILLING TO HOLD OR RATE LOCK RATE IN FOR 20 YEARS.
SO IF YOU'RE DOING A 30 YEAR FINANCING, WE WOULDN'T EVEN HAVE THE OPTION TO LOOK AT A BANK NOTE AS IT RELATES TO THE OVERALL BOND RATING.
YOU ALL HAVE SEEN THAT BIG SHEET.
WE BROUGHT IN A HABIT, IF YOU WANT ME TO HAND IT OUT, BUT WE HAVE THREE SECURITY STRUCTURES.
YOU HAVE A SENIOR PLEDGE ON THE UTILITY SYSTEM REVENUE AND A THREE QUARTER CENT SALES TAX.
AND THEN YOU HAVE ANOTHER WHICH HAS
[01:00:01]
A BOND RATING THAT THAT'S, THAT'S GOTTEN RATED.THEN YOU HAVE ANOTHER SECURITY STRUCTURE, WHICH IS WHAT WE'RE TALKING ABOUT, ISSUING THIS UNDER, WHICH IS SECURED BY A SENIOR PLEDGE OF 2 CENTS SALES TAX.
AND THEN YOU HAVE A THIRD TRANCHE OF DEBT, WHICH IS A JUNIOR PLEDGE OF UTILITY SYSTEM REVENUE AND A JUNIOR PLEDGE OF THE 2 CENT SALES TAX.
SO THE CITY DOESN'T HAVE A RATING.
EACH OF THOSE TRANCHES WOULD BE RATED SOMETHING SEPARATELY.
AND INSIDE OF THOSE BOND INDENTURES, EVEN IF IT'S JUST NOTES, WE STILL CALL IT A BOND INDENTURE OR NOTE INDENTURE SLASH BOND INDENTURE.
AND SO ON THE SENIOR PLEDGE, IF WE GO WITH THAT BOND ISSUE TO PROTECT THE EXISTING BOND HOLDERS, WE HAVE TO DO A DEBT SERVICE RESERVE FUND.
AND THAT'S A THREE PRONG TEST.
IT'S EITHER 10% OF THE PAR AMOUNT OF THE BONDS, A HUNDRED PERCENT OF THE MAX MANUAL DEBT SERVICE, UH, OR 125 OR 125 OF THE AVERAGE ANNUAL DEBT SERVICE.
SO IN A SENSE THAT WE'RE TALKING ABOUT BORROWING 80 MILLION, WE WOULD NEED TO BORROW $88 MILLION AND TO PUT $8 MILLION INTO THE RESERVE FUND JUST TO KIND OF SIT THERE AS A RAINY DAY FUND.
SO, AND I, I'M ALL, NO, I CAN GO DOWN RABBIT HOLES ON ANY OF THESE, ON ANY OF THESE, BUT WE WOULD NEED TO GET THIS NEW SECURITY STRUCTURE READY CAUSE WE DON'T HAVE ANY BOND ISSUES UNDERNEATH THE 2 CENTS SALES TAX.
WE ONLY HAVE IT UNDER THE OTHER, OR WE'D USE THAT OTHER ONE, BUT WE WOULD HAVE TO BORROW THE X EXTRA 8 MILLION OR YOU HAVE THE SUBORDINATE.
AND THEN IF YOU HAVE GEO BONDS, GENERALLY THAT'S GONNA BE ONE WHAT WE CALL NOTCH ONE RATING.
HIGHER GEO BONDS AD VALOR TAX ARE THE MOST SECURE.
THEN IT GOES TO UTILITY SYSTEM REVENUE DEBT BECAUSE YOU GUYS CAN RAISE RATES.
I MEAN, IT'S JUST, YOU HAVE A RATE COVENANT THAT SAYS WE'RE ALWAYS GONNA MEET A CERTAIN COVERAGE, AND THEN THE NEXT STEP DOWN IS YOUR SALES TAX DEBT.
AND THAT'S BECAUSE IF YOU GO INTO RECESSION AND SALES TAX GOES DOWN, THERE'S NOT A WHOLE LOT YOU CAN DO WITH IT IF IT'S ONLY SECURED BY SALES TAX.
SO EACH OF THOSE WOULD HAVE A SEPARATE BOND RATING.
BUT WITH ALL THAT, I MEAN, BECAUSE THIS IS 15 YEAR AND BECAUSE OF SOME OF THE COVENANTS IN YOUR OLD BOND DOCUMENTS, UH, AND ONCE AGAIN, UM, THE TERMS WE THINK YOU'RE GONNA BE ABLE TO GET, WE, WE THINK THE BANK NOTE MAKES THE MOST SENSE HERE.
AND WITH ALL THREE SEPARATE RATINGS, DOES, WOULD ONE, UM, CHANGE THE RATE? COULD, IF SOMETHING HAPPENED IN ONE OF THOSE PLEDGES, WOULD IT CHANGE THE RATING ON THE OTHER ONE? IT COULD.
ARE THEY ALL INDIVIDUALLY RATED? IT COULD GENERALLY, BUT NOT WHAT WE'RE DOING.
COPY THIS TO YOUR QUESTION AND MAKE SOME STATES DO THIS, SOME STATES DO THAT.
UM, SEVEN OR EIGHT YEARS AGO, WE WERE AT A NATIONAL CONFERENCE IN CHICAGO AND, UH, SOMEBODY GOT UP THE PODIUM AND STARTED TALKING ABOUT THIS NEW PHENOMENON WHERE, WHERE THEY'RE SEEING CITIES GO OUT AND DO BANK PLACEMENTS INSTEAD OF DOING BOND ISSUES.
AND I MEAN, WE KIND OF LOOKED AT MY PARTNERS AND I LOOKED AT EACH OTHER LIKE, GOSH, WE'VE BEEN DOING THIS FOR SEVEN OR EIGHT YEARS.
A LARGE NATIONAL BANK HAD A SIGNIFICANT PRESENCE IN OKLAHOMA CITY AT THE TIME.
THEY PROMOTED THIS CONCEPT THAT, THAT WE EXTRAPOLATED OUT INTO, UH, OTHER AREAS, OTHER BANKS.
AND IT, I MEAN IT'S JUST GROWN IN, IN OKLAHOMA QUICKER THAN IT HAS IN OTHER AREAS THAT IT'S JUST GENERALLY CAN BE MORE EFFICIENT.
AND AGAIN, CHRIS LOOKS AT ALL OF THE OPTIONS, BUT WE LOOK AT WHAT IS THE, THE OPTION THAT IS THE MOST FINANCIALLY EFFICIENT IN EVERY GIVEN CIRCUMSTANCE.
AND AGAIN, WITH A SHORTER TERM AND A GOOD CREDIT QUALITY THAT EDMOND HAS, THAT ANALYSIS HAS, HAS SHOWN THAT A BANK PLACEMENT MAKES MORE SENSE UNDER THESE FACTS AND CIRCUMSTANCES.
BUT PART OF IT IS JUST THAT THERE HAS BANKS IN OKLAHOMA AND, AND SOME OF THE REGIONAL AND NATIONAL BANKS KNOW THAT WE DO A LOT OF THAT WORK AND I MEAN, WILL CONTACT US OR FLY IN.
AND SO WE, WE KINDA HAVE A, A PULSE ON THE BANKS THAT HAVE A DESIRE TO BUY THAT KIND OF PAPER.
AND TO CHRIS'S POINT, WE DON'T HAVE TO, AS OPPOSED TO PAYING AN UNDERWRITING FIRM TO BUY THE BONDS AND TURN AROUND AND SELL THOSE TO SOMEBODY ELSE, KIND OF A MIDDLEMAN.
IN THIS CASE WHERE IT FITS, YOU DON'T HAVE THE COST OF THE MIDDLEMAN.
YOU, YOU HAVE A COMPETITIVE PROCESS WHERE YOU RECEIVE PROPOSALS FROM THE BANKS FOR THE, THE INTEREST RATE THEY CHARGE, BUT YOU, YOU GET TO, YOU GET TO DO THAT WITHOUT THE COST OF AN UNDERWRITER INVOLVED.
SO END OF THE DAY IT'S, IT'S GENERALLY LESS EXPENSIVE.
YOU HAVE MORE FLEXIBILITY AFTER THE FACT IN TERMS OF MODIFYING DOCUMENTS AND IT'S BECOME MORE CUSTOMARY HERE TO AT LEAST LOOK AT THIS OPTION.
I MEAN, WE STILL, WE STILL DO BOND ISSUES, UM, AND WE'VE DONE BOND ISSUES FOR EDMOND, BUT IN, IN WITH THESE FACTS IT SEEMS TO MAKE MORE SENSE.
[01:05:01]
QUESTIONS.WHEN DOES THAT TEXT THAT, UM, WE'LL BE DRAWING ON, WHEN DOES THAT SUNSET? GO AHEAD.
I'VE GOT IT IN HERE, BUT ARE YOU TALKING ABOUT THE 17 MM-HMM.
IT'S, IT'S A PERMANENT THREE QUARTER SALES TAX.
MAYBE WHAT YOU'RE REFERRING TO IS THE 2017 C P SALES.
I THINK THAT'S WHAT I WAS THINKING.
WHICH, WHICH DOES SUNSET ON MARCH 31ST, 2027.
ARE WE READY FOR SOME RESOLUTION NUMBERS? YES.
7 81 CONSIDERATION OF RESOLUTION NUMBER TWO DASH 23 2 DASH 23 DECLARING THE INTENT OF THE EDMOND PUBLIC WORKS AUTHORITY.
THE AUTHORITY TO EX EXPEND CERTAIN FUNDS IN SEC IN CONNECTION WITH THE ACQUISITION OF CERTAIN REAL PROPERTY FOR THE CONSTRUCTION OF A NEW MUNICIPAL LIBRARY AND Y M C A BUILDING WITH SAID EXPENDITURE TO BE REIMBURSED FROM THE PROCEEDS OF DEBT TO BE INCURRED BY THE AUTHORITY IN CONTAINING OTHER PROVISIONS RELATING THERETO.
NUMBER TWO IS CONSIDERATION OF RESOLUTION NUMBER THREE DASH 23 3 DASH 23 AUTHORIZING THE EDMOND PUBLIC WORKS AUTHORITY.
THE AUTHORITY TO ENTER INTO PROFESSIONAL SERVICES AGREEMENT PERTAINING TO THE ISSUANCE.
ITS ITS SALES TAX REVENUE NOTE TO BE ISSUED IN ONE OR MORE SERIES IN THE AGGREGATE PRINCIPLE AMOUNT OF APPROXIMATELY $37,100,000 PERTAINING TO THE FINANCING OF THE PROPOSED NEW LIBRARY AND Y M C A FACILITY AUTHORIZING THE AUTHORITIES FINANCIAL ADVISOR TO DISTRIBUTE BID PACKAGES TO PROSPECTIVE FINANCIAL INSTITUTIONS IN CONNECTION WITH THE REFERENCED UH, FINANCING AND CONTAINING OTHER PROVISIONS RELATING THERE TOO.
AND NUMBER THREE IS CONSIDERATION OF RESOLUTION NUMBER FOUR DASH 23 4 DASH 23 AUTHORIZING THE ADMIN PUBLIC WORTH AUTHORITY, THE AUTHORITY TO ENTER INTO PROFESSIONAL SERVICE AGREEMENTS PERTAINING TO THE ISSUANCE ITS SALES TAX REVENUE NOTE TO BE ISSUED IN ONE OR MORE SERIES IN THE AGGREGATE PRINCIPLE AMOUNT OF APPROXIMATELY 44 MILLION PERTAINING TO THE FINANCING OF THE PROPOSED NEW CITY HALL, CITY HALL COMPLEX, AUTHORIZING THE AUTHORITIES FINANCIAL ADVISOR TO DISTRIBUTE BID PACKAGES TO PERSPECTIVE FINANCIAL INSTITUTES IN CONNECTION WITH THE REFERENCE FINANCING AND CONTAINING OTHER PROVISIONS RELATING THEIR TWO.
COUNSEL, WHAT WOULD YOU LIKE TO DO ON ITEM SEVEN? A ONE, TWO, AND THREE.
MR. MURDER, SHOULD WE VOTE ON EACH OF THEM SEPARATELY? I DON'T THINK IT'S NECESSARY, BUT NOT, NOT NECESSARY.
I MEAN, AND IF THE COUNCIL WANTS TO TAKE 'EM UP SEPARATELY FOR WE DON'T NEED TO, BUT YOU DON'T NEED TO.
UH, SEVEN A ONE, TWO, AND THREE.
NOW WE NEED A MOTION TO ADJOURN THE EM PUBLIC WORKS AUTHORITY MEETING AND RECONVENE THE EDON CITY COUNCIL MEETING.
OKAY, WE'RE BACK IN THE CITY COUNCIL MEETING.
[1. Case #PR21-00006 Public Hearing and Consideration for a Preliminary Plat for Tall Oaks Village, located on Coltrane, south of 33rd Street. (Johnson & Associates) (Ward 3)]
ARE OUR PLANNING DISCUSSION ITEMS. THESE ITEMS REQUIRE SEPARATE VOTES.CASE NUMBER PR 21 DASH 0 0 0 0 6 PUBLIC HEARING CONSIDERATION FOR A PRELIMINARY PLATT FOR TALL OAKS VILLAGE, LOCATED ON CO-TRAIN SOUTH OF 33RD STREET.
JOHNSON ASSOCIATES APPLICANT AND APPLICANT HERE.
MM-HMM
IT'S WEST OF COLTRANE TO SOUTH 33RD STREET.
UH, THE SITE IS ZONED A SINGLE FAMILY RESIDENTIAL AND HAS FULL CITY SERVICES AVAILABLE.
UH, THE LOTS IN THE PLAT RANGE FROM 6,000 TO 13,000 SQUARE FEET.
ACCESS WILL BE FROM A SINGLE DRIVE ON THE COAL TRAIN, WHICH WILL BE PRIVATE.
UH, THERE ARE NO VARIANCES BEING REQUESTED.
UH, THE APPLICANT DID AGREE AT UH, PLANNING COMMISSION TO, UH, PROVIDE SOME EASEMENTS FOR DRAINAGE IMPROVEMENTS FOR THE NEIGHBORHOOD TO THE SOUTH, WHICH IS TALL OAKS CROSSING.
UH, PLANNING COMMISSION RECOMMENDED APPROVAL AT THEIR JANUARY 3RD MEETING.
COUNSEL, ANY QUESTIONS FOR STAFF THE APPLICANT LIKE TO ADD ANYTHING.
COUNCIL, ANY QUESTIONS FOR THE APPLICANT? NOPE.
[01:10:01]
THE AUDIENCE? NONE.COUNCIL, WHAT WOULD YOU LIKE TO DO ON THIS EIGHT? ONE MOTION TO APPROVE.
PLEASE CAST YOUR VOTE THAT ADAMS PASSED.
[2. Case #U22-00004 Public Hearing and Consideration for a Specific Use Permit for Uptown Wine & Spirits, located northwest of Santa Fe & W 15th Street. (Elliott Architects) (Ward 4)]
IS CASE NUMBER U2 2 0 0 0 4 PUBLIC HEARING AND CONSIDERATION FOR A SPECIFIC USE PREVENT FOR UPTOWN WINE AND SPIRITS LOCATED NORTHWEST OF SANTA FE IN WEST 15TH STREET.ELLIOT A TEXAS THE APPLICANT IS THE APPLICANT HERE? YES SIR.
UH, THE APPLICANT IS REQUESTING APPROVAL OF A SPECIFIC USE PERMIT THAT WOULD ALLOW A LIQUOR STORE IN THE EXISTING SHOPPING CENTER ON THE NORTHWEST CORNER OF SANTA FE.
AND 15TH THE AERIAL HIGHLIGHTED IN YELLOW ON THE BUILDING THERE.
THE CURRENT ZONING IS D ONE RESTRICTED RETAIL COMMERCIAL, WHICH REQUIRES A SPECIFIC USE PERMIT TO ALLOW THE LIQUOR STORE USE.
UH, THE PERMIT WILL BE LIMITED TO SUITE H.
UM, THIS DOES MEET THE SEPARATION REQUIREMENTS FOR SCHOOLS.
THERE ARE NO CHANGES BEING MADE AT THE EXISTING SITE DUE TO THIS REQUEST PLANNING.
COMMISSIONER RECOMMENDED APPROVAL ON JANUARY 3RD.
ANY QUESTIONS FOR STAFF? APPLICANT LIKE TO ADD SOMETHING? NO, SIR.
COUNSEL, ANY QUESTIONS FOR THE APPLICANT? ANY QUESTIONS FROM THE AUDIENCE? ANY COUNSEL, WHAT WOULD YOU LIKE TO DO? MOVE TO APPROVE.
PLEASE CAST YOUR VOTE THAT ADAMS PASS.
[3. Case #Z22-00024 Public Hearing and Consideration of Ordinance No. ________ Rezoning from “A” Single-Family to “PUD” Planned Unit Development for Howard Place, located on the southeast corner of Hurd and Howard. (Loper Brothers LLC) (Ward 1)]
CASE NUMBER Z 22 DASH 0 0 24 PUBLIC HEARING.CONSIDERATION OF ORDINANCE NUMBER 39 36 39 36 REZONING FROM A SINGLE FAMILY TO UH, P U D UH, PLANNED UNIT DEVELOPMENT FOR HOWARD PLACE LOCATED ON THE SOUTHEAST CORNER OF HERD.
BROTHERS LLCS APPLICANT, APPLICANT HERE.
UH, THE APPLICANTS SEEKING APPROVAL OF THE P U D THAT WOULD ALLOW UP TO FOUR HOMES ON AN EXISTING 7,000 SQUARE FOOT LOT ON THE SOUTHEAST CORNER OF HERD.
AND HOWARD UH, JUST NORTHEAST OF CHITWOOD PARK.
UH, THE LOT CURRENTLY HAS ONE RESIDENCE ON IT AND IS ZONED A SINGLE FAMILY RESIDENTIAL.
THE PD STATES THE CURRENT RESIDENCE WILL REMAIN BUT COULD BE DEVELOPED IN THE FUTURE INTO TWO UNITS.
UH, THE PD ALSO ALLOWS A DUPLEX TO BE CONSTRUCTED ON THE, TO THE SOUTH OF THE EXISTING HOME FACING HOWARD STREET WITH ACCESS FROM HOWARD.
UH, THIS IS A CONTINUATION OF THE DEVELOPMENT PATTERN CHANGES WE ARE SEEING IN THIS AREA WITH SINGLE FAMILY HOMES BEING BUILT ON SMALLER LOTS.
UH, THE EDNA PLAN 2018 DESIGNATES THE AREAS URBAN NEIGHBORHOOD, WHICH IS A TRANSITION AREA BETWEEN THE HIGHER DENSITY OR HIGHER INTENSITY USES OF DOWNTOWN AND OTHER AREAS OF THE CITY.
UH, HIGHER DENSITY IS SUPPORTED BECAUSE OF THE RELATIVE CLOSENESS TO DOWNTOWN AND ALL ITS SERVICES.
PLANNING COMMISSION REVIEWED AND RECOMMENDED APPROVAL ON JANUARY 3RD.
ANY QUESTIONS FOR STAFF APPLICANT LIKE TO ADD ANYTHING SIR.
COUNSEL ANY QUESTIONS FOR THE APPLICANT? ANY ANY QUESTIONS FROM THE AUDIENCE? COUNSEL, WHAT WOULD YOU LIKE TO DO ON ITEM EIGHT? THREE? MOVE TO APPROVE.
[4. Case #Z22-00027 Public Hearing and Consideration of Ordinance No. ________ Rezoning from “A” Single Family Dwelling District to “PUD Z22-00027” Planned Unit Development for Kennedy Tire and Auto Service Addition, located south of West Edmond Road, on the east side of State Street. (Todd McKinnis) (Ward 3)]
22 0 0 27 PUBLIC HEARING IN CONSIDERATION OF ORDINANCE NUMBER 39 37 39 37 REZONING FROM AN A SINGLE FAMILY DWELLING DISTRICT TO P U D Z 22 DASH 0 27 PLAN UNIT DEVELOPMENT FOR KENNEDY TIRE AND AUTO SERVICE EDITION LOCATED SOUTH OF WEST EDMOND ROAD ON THE EAST SIDE OF STATE STREET.TODD MCKINNIS IS REPRESENTING AN APPLICANT.
OKAY, AS YOU SAID, THE APPLICANT IS REQUESTING APPROVAL OF A P U D TO EXPAND THE PARKING FOR KENNEDY TIRE AND AUTO CENTER, UH, WHICH IS ON A WEST EDMOND ROAD AND STATE STREET.
THE BUILDING DIRECTLY TO THE NORTH.
UH, THE SITE IS CURRENTLY PART OF THE LAMPLIGHTER MOBILE HOME PARK AND ZONED A SINGLE FAMILY.
A FEW MOBILE HOMES WILL BE MOVED AS A RESULT OF THIS SALE OF THIS PROPERTY.
UH, THE AREA IS ROUGHLY 30 FEET BY 270 FEET AND IS ACCESSED FROM THE ALLEY THAT SEPARATES THE MOBILE HOME PARK FROM THE EXISTING TIRE CENTER.
UH, THE PD DOES COMMIT TO A SIX FOOT TALL STOCKADE FENCE SURROUNDING THE SITE INTO MEETING ALL LANDSCAPING, LIGHTING AND SENSITIVE BORDER STANDARDS.
UH, THE SITE IS TO BE USED FOR THEIR EMPLOYEE PARKING AND UH, UH, POTENTIAL FUTURE STORAGE.
UH, THE EXISTING ALLEY IS GRAVEL AND THE PD CONTEMPLATES THE SURFACE
[01:15:01]
OF THE PARKING TO ALSO BE GRAVEL TO MATCH THE ALLEY.UH, THERE WERE SOME CONCERNS NOTED ABOUT THAT IN THE STAFF REPORT, BUT THERE WAS DISCUSSION THAT PLANNING COMMISSION, UH, SINCE THE PARKING IS BEING LOCATED BEHIND A FENCE AND LIMITED TO EMPLOYEE PARKING, UH, STAFF AND PLANNING COMMISSION BOTH FELT THAT WAS OKAY AND PLANNING COMMISSIONER RECOMMENDED APPROVAL AT THEIR JANUARY 3RD MEETING.
ANY ADDITIONAL QUESTIONS FOR STAFF APPLICANT LIKE TO ADD ANYTHING? JUST A COUPLE QUICK COMMENTS.
TODD MCKENNA FOR THE APPLICANT.
UH, TAD AND KAREN KENNEDY ARE HERE TONIGHT.
AS MANY OF YOU KNOW, THIS IS A MULTI-GENERATIONAL BUSINESS IN EDMOND AND THEY'RE EXPANDING.
UH, THE PROCESS IS A LITTLE CUMBERSOME FOR SOMETHING AS SMALL AS WHAT WE'RE TRYING TO DO HERE, BUT WE APPRECIATE THE STAFF WORKING WITH US ON THIS.
THE ISSUE OF THE GRAVEL PARKING, I'M NOT SURE WHERE IT CAME FROM, BUT, UH, WE ADDRESSED IT AT PLANNING COMMISSION AS RANDY MENTIONED.
SO IF YOU HAVE ANY QUESTIONS ABOUT THAT, I'LL BE HAPPY TO ANSWER 'EM.
COUNSEL, ANY QUESTIONS FOR THE APPLICANT? NO.
ANY QUESTIONS FROM THE AUDIENCE COUNCIL? WHAT WOULD YOU LIKE TO DO ON THIS ITEM? MOVE TO APPROVE MOTION IN SECOND.
[9. Citizens Comments - (This is an opportunity for citizens, both resident and non-resident, to address the City Council on city related matters not on the council agenda. Citizens must sign up to speak either online by 3:00 p.m. the day of the City Council meeting, or in person by the start of the meeting. Remarks should be directed to City Council as a whole and limited to three minutes or less.)]
WE HAVE TIME FOR CITIZENS COMMENTS.UM, THIS IS AN OPPORTUNITY FOR CITIZENS, BOTH RESIDENTS AND NON-RESIDENTS TO ADDRESS THE CITY COUNCIL AND CITY RELATED MATTERS NOT ON THE COUNCIL AGENDA.
CITIZENS MUST SIGN UP TO SPEAK EITHER ONLINE BY 3:00 PM THE DAY OF THE CITY COUNCIL MEETING, OR IN PERSON BY THE START OF THE MEETING.
REMARKS SHOULD BE DIRECTED TO THE CITY COUNCIL AS A WHOLE AND LIMITS TO THREE MINUTES OR LESS.
I AM AN OFFICIAL TIMER FOR THIS.
CONNIE THAYER, GOOD EVENING COUNCIL MEMBERS.
MAYOR, THANK YOU FOR YOUR SERVICE TO THE PEOPLE.
I KNOW YOU GUYS STILL WANT TO HEAR ABOUT IT.
YOU KNOW, EVERYBODY IS SICK OF HEARING ABOUT IT, BUT EVERYBODY HAS TO DEAL WITH IT.
UM, WE HAVE PROBLEMS. YOU KNOW, WE HAVE POTHOLES, WE HAVE CHILDREN OR JUMPING IN OUT OF CARS ON BUSY STREETS CUZ THERE'S NOT PROPER EGRESS FOR OUR PARENTS TO GET IN AND DROP THEIR KIDS OFF TO SCHOOL.
AND WE HAVE ROADS BEING TORN UP SO YOU GUYS CAN, I DON'T KNOW WHAT YOU'RE DOING, YOU'RE TEARING UP GOOD ROADS TO PUT STUFF IN AND THEN COVER 'EM BACK UP.
UM, I JUST WANNA THANK YOU BECAUSE YOU GUYS HAVE BEEN GETTING THE POTHOLES FILLED THAT ISSUE ADDRESSED AROUND TOWN.
WE HAVE SEEN THAT AND WE WANNA THANK YOU.
BUT THERE IS ONE AREA THAT HASN'T BEEN ADDRESSED AND THAT IS, UM, COMING INTO TOWN BROADWAY THAT COMES DIRECTLY INTO DOWNTOWN.
AND I'VE HEARD TALK AROUND TOWN THAT PEOPLE HAVE ASKED YOU GUYS ABOUT THAT AND WHAT YOU GUYS HAVE TOLD THEM IS THAT IT IS A FED A FEDERAL ROADWAY OR, OR SOMETHING LIKE THAT.
IT'S NOT YOUR GUYS' RESPONSIBILITY.
IT'S, YOU KNOW, YOU GUYS CAN'T DO ANYTHING ABOUT IT.
UM, IF IF THAT'S THE CASE, YOU KNOW, SOMEBODY ELSE TOLD ME THAT IT'S A STATE THING.
TWO YEARS AGO IT WAS TURNED OVER TO THE RESPONSIBILITY OF THE STATE INSTEAD OR FEDERAL.
BUT I DON'T THINK IT MATTERS WHOSE RESPONSIBILITY IT IS.
WHAT I THINK MATTERS THAT IT IS YOUR GUYS' RESPONSIBILITY AS OUR REPRESENTATIVES TO PETITION THE STATE OR THE FEDERAL GOVERNMENT TO GET SOMETHING DONE TO ADDRESS THAT.
I WOULD JUST ASK THAT YOU GUYS WOULD DO THAT.
SCOTT, ARE WE ALLOWED TO ASK YOU TO GIVE AN UPDATE ON THAT? MY BOSS? YOU CAN ASK ME TO DO A LOT OF THINGS, BUT I WOULD LOVE FOR YOU TO IN OUR COUNCIL COMMENTS MAYBE? YEAH.
[10. Comments from Mayor and City Councilmembers.]
NOW IT'S TIME FOR OUR COMMENTS FOR THE MAYOR AND CITY COUNCIL MEMBERS.I DON'T HAVE ANY, UH, I I KEEP HEARING THINGS.
SCHOOLS GETTING CANCELED TOMORROW AND ALL THAT DOESN'T, SO IT'S PROBABLY GONNA BE 80 DEGREES TOMORROW, BUT I DON'T KNOW
UH, BUT IF WHATEVER IT IS, BE SAFE TOMORROW.
SO, UH, THE SCHOOL I TEACH FOR IS CANCELED TOO, SO, UH, BUT THE BABIES WILL ALL GO TO SCHOOL, RIGHT? UH, I DON'T KNOW THAT I, I HAVEN'T HEARD THAT YET, BUT IT, WHATEVER BE SAFE TOMORROW IF IT'S 80 OR BELOW.
I FIRST, I WANNA SAY, UH, IT'S BEEN A WHILE SINCE WE'VE HAD A PRO PROFESSIONAL SPORTING EVENT IN EDMOND AND THIS WEEK WE HAVE THE EDMOND OPEN.
IT'S A U S T A PRO TENNIS TOURNAMENT INDOOR THAT'S HAPPENING AT EDMOND CENTER COURT.
AND SO, UH, UH, MATCHES ARE HAPPENING ALL WEEK.
AND THE FINALS, THE DOUBLES FINALS WILL BE THIS SATURDAY AND SINGLES FINALS.
FINALS WILL BE SUNDAY AFTERNOON, UH, TO WATCH IS FREE.
JUST SHOW UP AND YOU CAN GO INSIDE AND UP
[01:20:01]
ON THE MEZZANINE AND WATCH SOME, SOME AMAZING TENNIS.UH, SO HAPPY THAT'S IN EDMOND.
THANK YOU MAYOR COUNCILMAN MOORE.
UM, FOR SOME TIME SINCE, UH, I'VE BEEN HERE AT LEAST, WE'VE BEEN IN DISCUSSIONS WITH, UH, OKLAHOMA DEPARTMENT TRANSPORTATION, CALLING KNOWN IS ODOT ON NOT ONLY FREEWAY IMPROVEMENTS TO I 35, BUT ALSO THE STATE OF ROUTE 66 FROM I 35 TO BROADWAY, THEN BROADWAY SOUTH TO, I THINK IT'S COMFORT DRIVE IS THAT BOUNDARIES.
UM, AND IN DISCUSSIONS WITH THEM, THEY HAVE IDENTIFIED A PROJECT, AND JIM, CORRECT ME IF I'M WRONG, THE THE PLAN IS NOW IN MAY OF THIS YEAR, THEY'LL START A RESURFACING PROJECT, UH, THAT'LL START FROM I 35 AND 66 MOVING WEST TO BROADWAY AND THEN BROADWAY DOWN TO COMFORT DRIVE THAT RE PAVEMENT AND CORRECT MY ENGINEERS, CORRECT ME, THIS IS WHERE THE CITY MANAGER GETS SIDEWAYS WITH ENGINEERS ABOUT, WITH, THEY'LL DO A RESURFACING, THEY'LL BE DOING DEEP PATCHING, WHICH MEANS FIXING SOME OF THOSE CHALLENGING AREAS THAT, UH, OUR AUTO DEALERSHIPS MAY BE UPSET THAT WE WON'T HAVE AS MANY ALIGNMENTS TO REDO.
BUT, UM, OUR GOAL, AND HELP ME OUT, STEVE, I THINK IT'S ABOUT SIX TO NINE MONTH PROJECT TO DO THAT RESURFACING FROM I 35 TO COMFORT DRIVE.
AND, AND THEN THE GOAL IS THAT FOR THE MOST OF THAT WORK TO BE DONE IN THE EVENING OR OR NIGHT HOURS TO LIMIT AS MUCH IMPACT TO OUR BUSINESSES ALONG THAT FRONT, UH, WE ANTICIPATE ALSO WORKING WITH ODOT TO GET THE WORD OUT EARLY AND OFTEN TO OUR BUSINESSES ABOUT WHAT SEGMENT SEGMENTS WILL BE DONE AT WHAT PERIOD.
AND THEN ALSO, IF YOU REMEMBER BACK SUMMERTIME, FALLTIME JIM, WE BROUGHT FORTH AN ADJUSTMENT TO OUR SIGN ORDINANCE TO ALLOW TEMPORARY SIGNAGE DURING CRITICAL CONSTRUCTION PROJECTS.
SO WE ANTICIPATE THAT'LL PROBABLY OCCUR DURING THIS PROJECT.
I, I'LL JUST ADD, UM, YOU KNOW, WE'VE BEEN TALKING WITH THE STATE ABOUT THIS AS IT'S BEEN GETTING IN BAD CONDITION AND NOT UP TO STANDARD TO WHAT WE EXPECT FOR THE ROADS THAT WE MAINTAIN.
AND SO WITH ODOT, THEY HAVE AN EIGHT YEAR PLAN.
UH, THEY HAVE THAT MANY PROJECTS AROUND THE STATE AND WHEN THEY GO TO IN SESSION AND FOR APPROPRIATIONS, THEY'RE, THEY'RE LOOKING AHEAD FOR EIGHT YEARS OF FUNDING.
AND SO LAST YEAR WE'D BEEN TALKING TO THEM BEFORE, BUT LAST YEAR WE SHOWED UP ON THE EIGHT YEAR PLAN AS A PLACEHOLDER, UH, ON THE EIGHTH YEAR.
AND I DON'T THINK ANY OF US, ANY OF US AGREED THAT THAT WAS GONNA BE ACCEPTABLE, THAT WE COULD WAIT THAT LONG, UH, OR EVEN EVEN A COUPLE YEARS LONGER.
SO BETWEEN MEETINGS AND, UM, AND I THINK GOOD DIPLOMACY AND, AND, AND RELATIONSHIPS WITH OUR DELEGATES.
UM, WE WENT FROM YEAR EIGHT TO TO YEAR ONE.
SO THANK YOU FOR EVERYBODY'S HARD WORK ON THAT BECAUSE ALSO WAS THAT YOU'LL START SEEING SOME SIGNS IN OKLAHOMA CITY FOR ODOT STARTING TO WORK ON I 35 COMING RIGHT UP TO EDMOND.
BUT THEN WE'RE NEXT, THEY'RE GONNA COME UP ON I 35.
SO THERE'S GOING TO BE A LOT OF COMMUNICATIONS NECESSARY FROM WHAT, FROM US AND ODOT ABOUT ALL THE NECESSARY, UH, ROAD IMPROVEMENTS THAT ARE, ARE COMING TO TOWN.
YOU, YOU'RE GONNA, THERE'S A CRUISER, NEW POLICE CRUISER OUT THERE THAT HAS WRAPPED, HAS A WRAP ON IT.
AND IT'S FOR THE SPECIAL OLYMPICS, CORRECT? MM-HMM.
AND SO IT'S OUT ON THE STREET NOW AND MAJORITY OF THE TIME IT'S GONNA BE PARKED AT SANTA FE HIGH SCHOOL CUZ ONE OF OUR S R O OFFICERS DRIVES IT DURING THE SCHOOL YEAR.
IT'LL BE THERE OR AROUND THE STREET, BUT IN THE SUMMER IT'LL BE AT THE LAKE.
BUT THAT IS IN A PARTNERSHIP WITH THE SPECIAL OLYMPICS, UH, IN OUR POLICE DEPARTMENT.
AND TODAY THEY HAD THE UNVEILING OF THE RAP OUT IN FRONT OF THE, THE DEPARTMENT AND THE THREE, THERE'S THREE ATHLETES ON THE RAP ITSELF AND THEY WERE ACTUALLY THERE TO, WITH THE UNVEILING OF IT TODAY.
SO YOU'LL SEE THAT CRUISER, IT'S BEEN OUT FOR A COUPLE DAYS, BUT IT, IT'S OUT ON THE STREETS NOW.
MOVE TO ADJOURN SECOND PLEASE.