 Please stand for the Pledge of Allegiance. Pledge of Allegiance is to the flight of the United States of America and to the Republic for which it stands, one nation under God, invisible with liberty and justice for all. Anyone for public forum? All right. Seeing no public forum, we'll move into the minutes. Is there a motion to approve the minutes from April 30th, 2018? So moved. There's been a motion and a second. Any discussion on the minutes from our last meeting? Seeing none. All those in favor of approving the minutes from our last meeting, please signify by stating aye. Aye. Anyone opposed? Chair votes aye. Okay. 3.1. RC number 139-1819 by the Finance and Personnel Committee to whom was referred as Resolution Number 94-1819 by Holder Persons Ryan Flesh and Boren establishing the 2019 budget appropriations for the tax levy for the use of the calendar year. Recommends passing the resolution with amendments. Who wants to take this one? Daryl, you want to talk on this? I will. 3.1, 3.2, and 3.3 are reflective of the deliberations that occurred the week of September 11th, the 11th, 13th, 12th, and 13th. This is following my presentation to the Common Council on the prior Monday, September 4th. As a result of the discussion deliberation by the three standing committees, only one recommendation is before you for an amendment. Purple pages I think were included in your packet. Specifically, the recommendation from Finance and Personnel Committee is to amend the Special Revenue Fund Cable TV for the addition of an $80,000 fiber cable project. Should you support this project, the funding source for this will be cash on hand that is located or accounted for in this specific cable TV fund. The fund balance, instead of an ending year fund balance of $533,451, the revised fund balance at the close of 2019 will be $453,451. Are there any questions for Daryl? Rin Flesch. Finance Committee discussed this at length and decided it was worth for the purposes of telecasting our council meetings and for other purposes to have the fiber optic put in back into the budgets so we could increase the visibility and the sound of our current programming that is done. We're going to be spending considerably more than that on new audio visual equipment in the new city halls, part of the city hall plans and we thought bulking up that and then sending it down a thinner tube basically didn't make much sense so we decided that we should put back into the budget the fiber optic. Any more questions? Alderperson Donahue. I don't know if this is in order. Daryl, so I'm looking on page eight of the executive summary or the budget in brief and just talking about our net debt outstanding and as everyone has noted, there's a substantial jump from $24 million to $41 million and we have consciously and I think thoughtfully decided that we needed to increase our debt in order to make needed road repairs in particular that that had not been really attended to in the past and I know that we have quite a jump this year which will not be replicated because of city hall. Do you have a, but my question given all of that is do you have a sense of where that figure is going to take us, that net debt say in 2020-21 where let's call it 30% of capacity. We can go up to 67. None of us wants to do that. I think it's fair to say just based on your view of the future. Can you give us kind of an idea where you think we should be going or will be? Is your question linking the specific recommendation of a finance and personnel committee with the issue of debt? Well, I mean, as I understand it, all of these resolutions are pretty much the same and what we're trying to get to as a Common Council is a committee of the whole recommendation to the Common Council to pass the budget as proposed with the addition as Ron Alder-Rinfleisch pointed out the additional $87,000 for cable. My question is more global question about the budget itself and I think it's proper because all of these resolutions are basically the same. And I mean, have we kind of caught up? I guess is what I'm saying. We were on I think what could be called a starvation diet for quite a while in terms of really paying down a debt level that had, you know, gotten, it was still completely appropriate, but it had gotten higher and there was a decision before your time to reduce that debt level way down and as a result, we weren't getting roads repaired or things like that. So my question is, aren't that debt outstanding in 2019 is going to be about $41.5 million? We're just under 30% of our capacity and that's on page eight of this nice budget. Yes. Which I like very much. Thank you, by the way. Thank you, Carrie. And Justin, do you see a stain? Let me rephrase. Do you see a stain the same? Do you see a spending? I mean, like for example, our capital improvements budget is going down. Where do you think we're heading? Does that make sense? It does. Based upon discussion in prior years as well as discussion associated with this past five year cap improvement plan that was approved, the target is for the city to come in at or under $5 million a year in general obligations debt. And the expectation is that that will be manageable for the city in light of the amount of debt service that the city is annually defeasing or paying down. In addition to that $5 million at times, there are additional monies needed to be borrowed, but the source is not property taxes. It is TIF districts user fees, non property tax revenue as a source. My recollection is that there is a couple more years where the city's debt will add to that roughly 30%. And as you correctly identified, the current city's debt management policy is not to exceed 60% of the state-allowed debt issuance based upon a per cap evaluation. So $41 million. Unfortunately, that will not, we will not peak at that amount. We will, we will exceed that in the next couple of years. Okay. Thank you. Any other questions or discussion? Seeing none. Is there a motion to refer this to the comic council? There's been a motion. Is there a second? And then there's a second. Any more discussion on this? As a reminder, two weeks from tonight will be a public hearing on the 2019 budget with, as you can see later on your agenda with the possibility of a committee of the whole, depending upon the input or comment that you receive, whether the comic council wants to go into a significant discussion or simply reaffirm your support for the budget as presented. Thank you. Any more questions? Seeing none, we'll go into a vote. Do we want to do a roll call vote, or does it have to be a voice vote? Okay, we'll do a voice vote. All those in favor of approving the motion, please say aye. Aye. Anyone opposed? Any abstentions? Chair votes aye. That's approved. We will be referred to the comic council. Next is 3.2, resolution number 140-1819 by the licensing hearings and public safety committee to whom was referred, a copy of resolution number 94-1819 by Elder Persons Wrenflish and Boer in establishing the 2019 budget appropriations for the 2018 tax levy for the use during the calendar year. Darrell? At the licensing hearings and public safety committee, there was a thorough discussion of those respective budgets occurred, and there was no request for any budget amendment. Any questions from committee members? I move to refer this resolution to comic council. There's been a motion to refer to the comic council, and there's been a second. Any more thoughts, discussion, or comments? Seeing none, all those in favor, please state aye. Aye. Anyone opposed? Any abstentions? Chair votes aye. That one is approved. Okay, 3.3, resolution number 141-1819 by the public works committee to whom was referred, a copy of resolution number 94-1819 by Elder Persons Wrenflish and Boer in establishing the 2019 budget appropriations and the 2018 tax levy for the use during the calendar year. Darrell? Also, as part of their discussion, public works committee thoroughly reviewed the documents that were presented to them. Subsequent to that discussion, no requests for a budget amendment occurred. Okay. Any questions from committee members? There's been a motion to approve. Second. And then there's been a second. Any more discussion from anyone? Ron? I just want to say I was on two of the three committees here that reviewed the budgets. It's going fairly quickly here. But I want the public to understand we spent hours going through the budgets at the committee level looking at each of the individual item. So I think our administration did a good job in putting it together. But we had a lot of questions and we had a lot of answers at the committee level. Darrell? Maybe just to provide anyone that may be watching or viewing this meeting tonight, the total taxes before the common council for the 2019 budget is $127,737,927 plus the $80,000 for that cable fiber project. This is a $5.9 million increase, 4.9%. The total tax levy, the recommendation is to increase it by $446,010. This is a 1.91% increase. The equivalent assessed tax rate change, although the common council does not approve a tax rate, the common council approves a tax levy. But the equivalent assessed tax rate change is going from $9.74 to $9.94 or slightly under $0.20. Per thousand assessed valuation increase. Any more comments? Questions? Motion to approve. There's already been a motion. Sorry. I'm excited. I just came out of it. Okay. Seeing no more discussion on 3.3, all those in favor, please state aye. Aye. Anyone against? Please state nay. Any abstentions? Chair votes aye. Okay. That exhausts our agenda. Our next meeting may be on October 15th, depending on discussion and the hearing from our next council meeting. And I just like to echo a few words too. Thank you to all the department heads in the city administrator for putting their budgets together. We did have a long discussions and committee meetings and I appreciate everyone's hard work. That is their motion to adjourn. There's been a motion and a second. All those in favor of adjourning, please state aye. Aye. Anyone opposed? We're adjourned at 7.30. Thank you.