 Today we'd like to talk a little bit about the budget that's been put together for 2019. I know that there's been significant new development and we've been working to build our property tax base in the city of Sheboygan. How is that impacting the tax collection right now? If you look at the locations of many of the projects that have occurred in the last year or two, a majority of those projects have been included in what's referred to as a tax incremental district or a TID district. As a result, the taxes paid on that new value as a result of a project, whether it's commercial or multi-family, the taxes of that increased value go directly to that tax incremental district's fund balance, fund budget. And as a result, it is not available for general operation purposes. So for an interim period, it could be as long as 27, 28 years, those tax dollars will be spent on paying off debt or paying for improvements surrounding some of these new redevelopment areas. But as I mentioned, are not available for general operation purposes. As a result, the city's overall tax base, non-TIF district, has actually held and has not increased. And as a result, again, the city's relying upon existing properties to pay for the costs associated with providing services. And these new projects, the taxes substantially are going to pay off, again, special charges, special improvements or incentives that go with redeveloping some of these sites. Now when we've seen a lot of residential development, we had probably over 300 units that have been built in the last year and a half or so. And this is a different type of housing and it's market rate housing. And we've had to incentivize some of the developments. Could you explain a little bit why we've done that and how it's worked out? As you mentioned, market rate, rental, multifamily is something that the city has not seen for quite a while in the downtown area. And as a result, the investors who proposed these project were really almost acting like sort of pioneers. And no doubt it was a requirement of them to develop support by a banker to get financing. And because a new project and the rent that would be required, there was a concern by the developer. As a result, they asked the city if we could, in essence, close the gap. In many cases, the development costs were higher than normal because in most cases, they're on redevelopment sites. So I think 100% of the sites had environmental issues. So in more times than not, any incentive the city provided was to go for paying for this higher development cost. In almost all cases, it was environmental issues associated with the redevelopment site. And I think we've done something similar with the Meyer project. There's a TIF district to serve that. And again, they didn't have a clean site that demolished the building and they had to mitigate the lead and asbestos and things like that. So we used it there. And could you talk a little bit about our new industrial park that's being constructed right now? There's also a TIF district in place for that and how that's going to play into developing that new site. This is a very exciting project for the city of Sheboygan, excuse me, South Point Enterprise Campus. Is the official name for this new business park adjacent to I-43. So great visibility for a company that's looking to locate in our community or maybe an existing business that wants to expand and is looking for sort of a unique location. The price per acre is a little bit higher than maybe what you would see in neighboring communities. But we think with all that the city of Sheboygan has to offer that, again, this is the location for a company that wants to locate or as I mentioned is currently in the community and looking to maybe expand and simply doesn't have the room where they're located. We will have shovel ready sites available for companies to start constructing as early as December this year. There'll probably be some minor projects that will need to be completed in spring of 2019, but substantially it will be done before the end of this year. Would you talk a little bit about the bids we received and the costs that we ended up paying for the construction of that site? The city was fortunate. The city worked with our engineering consultant. We recognize with what's going on with Foxconn in the southeast corner of the state that it was important for us to be slightly ahead of that bidding process. We were very fortunate in that by a month, maybe six weeks, we were able to ask and open up bids. As a result, we saved approximately five or six million dollars in what our projections were for costs to perform grading work, install sewer water, roads, and other utilities. We were very pleased. In fact, we also got out the door. The proposals and ultimately the bidding deadline for City Hall. We think both projects, we saved the taxpayers of shaboying significant money by timing perfectly the request for proposals for bids. I think on City Hall, if I recall correctly, the quashist bid was a million dollars less than the other two bidders that were bidding for that project. I think it was very efficient. They decided to rent a robot to take down a lot of the interior walls in City Hall. That really accelerated the process and made it a lot less expensive for them. This robot had a jackhammer that was on a hydraulically controlled arm and it was just amazing to watch some of the videos of it working inside a City Hall to prepare the site for our project. Next I'd like to go on and talk a little bit about fees. Are there any increases in any of the fees that we charge property owners in the City? Three fees come to mind. First is water rates. There's no proposed increase in water rates in 2019. Sewer rates. There is a recommendation that those rates be increased by 7 percent and that will be going to Common Councils early as Monday. And then last is garbage charge or a fee. That is placed again on the utility bill. It's equivalent to $5 per month and there's no recommended change to that amount. Very good. That's great to hear. Now we want to talk a little bit about WSDS and the televising of some of our City Council meetings. There's been some concerns expressed by people over the years and currently that those transmissions aren't as good quality as many other programs they see. Could you tell us a little bit about how we're going to correct that? We've received presentations by a couple constituents in the City of Sheboygan expressing concern that they don't have access to our video on demand option, which many of the viewers may be obtaining the ability to receive our program today. But in essence we have sort of a generation of residents that may be relying solely upon cable TV as an option for viewing programs like this. With the installation of a wire connecting the studio to the head end of Spectrum cable broadcast, that wire is probably 40 years old and has never been upgraded to a fiber. What is recommended by the Finance and Personnel Committee is to go ahead and make that investment at a cost of $80,000. The $80,000 will be spent on the newest technology and so we hope that with that investment will be good to go for decades to come. And I hear we're also going to be putting some closed captioning on that as well, so that will be another attribute for them. I just want to thank you and the staff and the Finance Department and all the department heads for the great work that they've done in bringing this budget together. I really want to commend everybody for their thought and time that went into putting all these together. So congratulations on presenting a great budget to the City Council for their consideration. And when will the Council make their final decision on the budget? Yeah, a public hearing will occur in the month of October, excuse me, and the budget is expected to be wrapped up and acted on or voted by the Common Council their first meeting the first Monday in the month of November. Well, that sounds great. Thanks again for your time today and thanks to all of our viewers for tuning in to learn a little bit more about the Sheboygan City budget for 2019.