* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. [00:01:40] IT IS 5:31 PM I WILL CALL THIS MEETING OF THE EXECUTIVE COMMITTEE TO ORDER. UM, WE ARE ALL HERE. UH, THIS MEETING WAS POSTED BY THE CLERK'S OFFICE APPROPRIATELY, UH, WILL RISE FOR A MOMENT OF SILENT PRAYER AND THE PLEDGE OF ALLEGIANCE. I HAVE PLEASURE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVIDUAL WITH LIBERTY AND JUSTICE FOR ALL. THANK YOU ALL FOR ATTENDING THIS SPECIAL MEETING. UH, WE HAVE ONE ITEM ON OUR AGENDA, AND IT'S A RESOLUTION AWARDING THE SALE OF $10 MILLION. GENERAL OBLIGATION PROMISSORY NOTES. UH, MOTION BY SUPERVISOR CHADRON, SECOND BY SUPERVISOR. KEL, DO WE HAVE ANY QUESTIONS OR DISCUSSION? THERE BEING NONE WILL VOTE. ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSED? MOTION PASSES UNANIMOUSLY. OUR NEXT MEETING DATE IS A WEEK FROM TONIGHT, MARCH 19TH, 2025. THIS MEETING'S ADJOURNED. [00:29:57] GOOD [00:29:57] EVENING, [00:29:58] EVERYONE. [00:29:58] IT'S [00:29:59] SIX O'CLOCK. I'LL CALL THIS MEETING OF [00:30:01] THE COUNTY BOARD OF SUPERVISORS TO ORDER. UM, WE'RE WELCOMING OUR YOUTH GOVERNMENT GROUP TONIGHT WHO ARE SITTING IN FOR A WHILE. SO WELCOME. WE ARE ALL HERE. UM, SUPERVISOR CONRAD IS ON ZOOM AND SUPERVISOR ALEK HAS CAR TROUBLE. SO WE EXPECT YOU'LL BE A LITTLE LATE. UM, AFFIDAVIT OF POSTING. THIS MEETING WAS POSTED BY THE CLERK'S OFFICE APPROPRIATELY. UM, WE'LL RISE FOR A MOMENT OF SILENT PRAYER AND THE PLEDGE OF ALLEGIANCE. I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE. ALL THE PACKET INCLUDED THE MINUTES FROM OUR LAST MEETING. UH, DOES ANYONE HAVE ANY CORRECTIONS THAT NEED TO BE DONE? THERE BEING NONE. WE'LL LEAVE THEM AS RECORDED. UM, OUR FIRST PRESENTATION IS THE SHERIFF'S OFFICE PRESENTATION, AND THE FLOOR IS YOURS, MR. SHERIFF. THANK YOU. GOOD EVENING, LADIES AND GENTLEMEN. THERE HAS BEEN SOME QUESTIONS AND CONCERNS AND MAYBE SOME MISCONCEPTIONS ABOUT WHAT THE, UH, WHAT THE WASHINGTON COUNTY SHERIFF'S OFFICE DOES, DOES NOT DO WHAT WE CAN DO, WHAT WE CAN'T DO IN REGARDS TO IMMIGRATION. AND, UH, I DID A PRESENTATION TO PUBLIC SAFETY LAST MONTH, AND THERE WAS, UH, THE IDEA THAT MAYBE IT'S A GOOD IDEA FOR THE FULL COUNTY BOARD TO, UH, TO HEAR DIRECTLY FROM MYSELF EXACTLY WHAT THE SHERIFF'S OFFICE IS DOING. SO, FIRST OFF, WE HAVE TO, UH, KIND OF START WITH THE PREMISE THAT IMMIGRATION IS LARGELY A FEDERAL ISSUE. UM, FOR THE, THE DEPUTIES OR LAW ENFORCEMENT OFFICERS THAT ARE OUT ON THE ROAD, THERE'S REALLY NEXT TO LITTLE, UM, ACTUAL IMMIGRATION ENFORCEMENT THAT TAKES PLACE, UM, BECAUSE THEY SIMPLY DON'T HAVE THE AUTHORITY TO DO IT. AND I'LL GET INTO EXACTLY WHAT THAT THAT MEANS. SO, THE, UM, THE CIVIL, UH, UM, THE, THE CIVIL IMMIGRATION STATUS VIOLATION IS NOT A CRIMINAL VIOLATION. I KNOW IT'S KIND OF IRONIC TO SAY HERE ILLEGALLY AND THEN SAY IT'S NOT A CRIMINAL VIOLATION. BUT WHAT IT IS, IT'S A CI, A CIVIL STATUS VIOLATION, UH, OF THE FEDERAL LAW, AND THE LOCAL LAW ENFORCEMENT DOESN'T HAVE THE ABILITY TO ENFORCE THAT CIVIL VIOLATION. UM, THERE COMES A TIME WHEN WE DO, AND I'LL GET INTO EXACTLY WHAT THAT THAT MEANS. SO THE CIVIL STATUS OF BEING HERE ILLEGALLY IS EITHER HERE, HERE, UNDOCUMENTED, OR IF YOU'RE HERE, UH, AFTER YOUR VISA EXPIRES, THAT'S A, A CIVIL STATUS VIOLATION. UM, SO THE, THE THREE HITS THAT, UH, LAW ENFORCEMENT OFFICER COULD HAVE WHEN HE IS OUT ON PATROL AND HE HAS CONTACT WITH SOMEBODY, UM, THAT'S NOT HERE ILLEGAL OR THAT'S NOT HERE LEGALLY. THE FIRST ONE, IT'S CALLED AN N SEARS VIOLATION. AND WHAT THAT, THAT'S CALLED THE NATIONAL SECURITY ENTRY EXIT SERVICE REGISTRY. UM, AND WHAT WHAT THAT IS, IS THAT'S, THAT'S THE MERE FACT OF BEING HERE, UM, WITHOUT DOCUMENTATION AND BEING HERE ILLEGALLY. THE SECOND ONE IS IF YOU, IF THE INDIVIDUAL IS AN ABSCONDER, AND THAT MEANS THAT THEY WERE, THEY WERE PICKED UP, HAD A COURT PROCEEDING, AND, UH, THEN FAILED TO SHOW UP FOR THE THE NEXT PROCEEDING. THE THIRD ONE IS, UM, A DEPORTED FELON. AND THAT'S EXACTLY WHAT THAT IS. IT'S SOMEBODY THAT WAS DEPORTED AS A FELON AND NOW CAME BACK TO THE, THE STATES OR WISCONSIN, WASHINGTON COUNTY IN THIS CASE. SO THE LATTER TWO ARE CRIMINAL VIOLATIONS. THOSE ARE THINGS THAT, UH, THAT THEIR ORDERS SIGNED BY A MAGISTRATE, BY A JUDGE. UM, AND IT'S A CRIMINAL VIOLATION WHERE LAW ENFORCEMENT HAS THE AUTHORITY TO, UH, NOT ONLY DETAIN, BUT ARREST, BRING INTO OUR CUSTODY AND, UH, HOLD FOR ICE. THE, UH, THE SH THE SH THE LAW ENFORCEMENT GENERALLY IN, IN WASHINGTON COUNTY DOESN'T DEAL A WHOLE LOT WITH A LADDER TOO, THE DEPORTED FELONS AND THE, UH, THE ABSCONDER. BUT THERE IS A TIME WHEN THERE'S AN INTERSECTION WITH THE N SEARS, THE STATUS VIOLATION, AND THE SHERIFF'S OFFICE. AND THAT'S KIND OF WHAT I WANT TO TALK ABOUT, IS WHEN THOSE TWO THINGS INTERSECT TOGETHER. SO THE, THE PROCESS, UH, INVARIABLY STARTS WITH SOME TYPE OF CRIMINAL VIOLATION OF STATE LAW. THAT COULD BE A DRUG OFFENSE, THAT COULD BE A BURGLARY OR DOMESTIC OR, OR ANY HOST OF STATE CRIMES ONCE THAT INDIVIDUAL, AND THAT CAN BE BROUGHT IN BY ANY MUNICIPALITY, UM, IN WASHINGTON COUNTY [00:35:02] DURING THE BOOKING PROCESS. AND THIS, IT MATTERS NOT WHO IT IS. OUR JAIL COLLECTS INFORMATION FROM THOSE INDIVIDUALS. THAT INCLUDES PHOTOS, PRINTS ADDRESS, UM, RACE, ETHNICITY, UM, CITIZENSHIP, UH, UM, COUNTRY OF BIRTH, UM, AND THAT, THAT WE'VE BEEN DOING FOR YEARS. THAT'S NOT A CHANGE IN PRACTICE. THAT'S, WE'VE BEEN DOING THAT SINCE I WAS A PATROL COP ON, ON PATROL. AND THERE IS SOME LIMITATIONS AS TO WHAT CORRECTIONAL OFFICERS CAN DO TO TRY TO IDENTIFY PEOPLE. A LOT OF TIMES PEOPLE COME INTO OUR JAIL AND THEY DON'T HAVE IDENTIFICATION ON THEM. THEY DON'T CARRY THEIR DRIVER'S LICENSE, THEY DON'T HAVE BIRTH CERTIFICATES. THEY, THEY HAVE NOTHING ON THEM. SO IT'S A LOT IS, IS VERBAL OR FINGERPRINTS, WHICH I'LL, I'LL GET INTO. UM, AND SO ONCE IN A WHILE WITH CITIZENSHIP, FOR EXAMPLE, IF, UH, YOU KNOW, IF THEY SAY, YOU KNOW, THEY WERE BORN IN MEXICO OR NICARAGUA OR WHEREVER THE CASE MAY BE, AND, UH, THEN THEY, THEY SAY THAT THEY'RE, THEY'RE US CITIZEN, BUT THEN THEY CAN'T PROVIDE US WITH A SOCIAL SECURITY NUMBER. I MEAN, THAT'S KIND OF A FLAG. THAT MIGHT BE SOMETHING IS A LITTLE AMISS. UM, BUT THEN WHEN SOMEONE IS BOOKED INTO OUR JAIL, IT INVARIABLY INVOLVES THE, THE FINGERPRINTING PART OF IT. AND THOSE FINGERPRINTS ARE, ARE SHARED WITH, THEY'RE SUBMITTED TO THE STATE OF WISCONSIN. THE STATE OF WISCONSIN THEN SUBMITS THEM TO THE FBI. THE FBI HAS A SHARING AGREEMENT WITH ICE AND PROVIDES THE, THE, THE FINGERPRINTS TO ICE ICE, THEN COMPARES THE BIOMETRICS OF THE FINGERPRINTS AND DECIDES IF, UH, THE INDIVIDUAL IS, UH, IS SUBJECT TO DEPORTATION. UM, SOMETIMES THERE'S A LITTLE BIT OF LAG IN THAT BOOKING PROCESS WHERE THEY DON'T GET THE, THE, THE FINGERPRINTS TIMELY. THAT COULD BE MAYBE THE SUBJECT'S NOT COOPERATING WITH THE BOOKING PROCESS OR, UH, UM, YOU KNOW, SOME, UH, ELECTRONIC PROBLEMS THAT HAPPENS. UH, ONE OF THE THINGS THAT THE SHERIFF'S OFFICE DOES, AND I, I THINK WE'RE PROBABLY, I'M NOT SURE THERE'S ANOTHER SHERIFF'S OFFICE THAT DOES IT, BUT, UH, EVERY DAY WE, WE SEND AUTOMATED REPORTS TO ICE AND MILWAUKEE OF, UH, TWO, TWO DIFFERENT REPORTS. NUMBER ONE IS THE PRIOR 24 HOURS OF BOOKINGS OF ALL FOREIGN BORN INDIVIDUALS IN OUR FACILITY. AND THEN A SECOND REPORT THAT DOCUMENTS JUST THE, THE TOTAL, UH, FOREIGN-BORN INDIVIDUALS IN OUR CUSTODY THAT'S SENT AUTOMATICALLY EVERY SINGLE DAY. UM, AND THEN WHAT ICE CAN DO IS THEN THEY DECIDE IF THEY WANT TO PLACE THE, UH, UM, THE DETAINER ON THE INDIVIDUAL FOR DEPORTATION. WHAT THAT, AND THAT'S WHERE THE, THE N SEARS VIOLATIONS KIND OF, UH, INTERSECT WITH THE SHERIFF'S OFFICE, THE DETAINERS. THEY ARE REALLY JUST VOLUNTARY REQUESTS FROM ICE THAT WE NOTIFY THEM WHEN THE INDIVIDUALS ARE COMPLETELY DONE WITH THEIR CRIMINAL CHARGES, ALL THE STATE CHARGES ARE DONE, UH, THEY WANT, THEY WOULD LIKE TO BE NOTIFIED. AND THEN WE HAVE BEEN HOLDING THOSE INDIVIDUALS FOR UP TO 48 HOURS, UH, AFTER COMPLETION OF THE STATE SENTENCE FOR THEM TO PICK UP. AND AS WE, WE'VE BEEN DOING THAT, UH, UH, FOR, FOR, FOR YEARS AND YEARS, UH, YOU MAY HAVE SEEN, UM, A NEWS ARTICLE TODAY IN THE WEST BEND NEWS OR DAILY NEWS RATHER OF, UH, THAT I DECIDED TO ENTER INTO THE 2 87 G PROGRAM. UM, I DID THIS BECAUSE THERE ARE SOME LEGAL INCONSISTENCIES, I WOULD SAY, UH, AMONG IF THAT 48 HOUR WINDOW THAT I'M TALKING ABOUT. IF SHERIFFS, LOCAL SHERIFFS HAVE THE AUTHORITY TO HOLD THOSE INDIVIDUALS WITHOUT ANY STATE CHARGES, THE ICE DETAINER AND SUBSEQUENT, UH, UH, ADMINISTRATIVE WARRANT, IT'S NOT SIGNED BY A JUDGE. IT IS, UH, IT'S A, A WARRANT FROM, UM, IMMIGRATION SIGNED BY ACTUAL ICE. UM, AND SO THERE'S SOME QUESTION AS TO THE LEGALITY OF HOLDING THOSE INDIVIDUALS. UM, AND THEN, AND, AND ALONG WITH THAT, ICE DETAINER, UH, ACCOMPANIES AN ADMINISTRATIVE ICE WARRANTS CALLED I I 200, THAT WARRANT, BECAUSE IT'S, IT'S A, IT'S A CUSTOMS ADMINISTRATIVE TYPE OF THING. IT HAS TO BE SERVED ON THE INDIVIDUAL IN QUESTION BY SOMEONE WITH FEDERAL AUTHORITY TO SERVE THOSE IMMIGRATION WARRANTS. AS I MENTIONED TO YOU, LOCAL COPS, WE DON'T HAVE AUTHORITY TO DO THAT. THE REASON WHY I WENT ENTERED INTO THIS, UH, 2 87 AGREEMENT IS TO MITIGATE THE RISK, THE FINANCIAL RISK TO OUR TAXPAYERS. FOR, UM, FOR THAT 48 HOUR WINDOW, I SIGNED THE MU MOU, UH, THAT'S IN THE PROCESS OF BEING APPROVED. AND, UH, UH, WHAT WHAT IT DOES IN ESSENCE IS IT ALLOWS OUR JAIL CORRECTIONS SERGEANTS, IT, IT GIVES THEM THE FEDERAL AUTHORITY OF FEDERAL AGENTS TO BE ABLE TO SERVE THAT ADMINISTRATIVE WARRANT, UH, DURING [00:40:01] THAT 48 HOUR PERIOD, THUS MITIGATING THE ARGUMENT THAT THE INDIVIDUALS ARE NOT BEING HELD. SO THEY'RE, THEY'RE ACTING ON BEHALF OF ICE, BUT JUST WITHIN THE CONFINES OF OUR JAIL. UH, AND JUST TO GIVE YOU A SENSE OF, UH, OF THE, HOW OFTEN IT HAPPENS IN OUR JAIL THIS MORNING, I LOOKED, WE HAD 248 INMATES IN OUR CUSTODY, AND WE ARE CURRENTLY HOLDING SEVEN INDIVIDUALS, UH, ON ICE DETAINERS. AND THEY'RE, THEY'RE FOR SOME PRETTY SERIOUS, SOME PROPERTY CRIMES WITH SOME SEXUALLY VIOLENT CRIMES AS WELL. UM, THE OTHER THING THAT WE DO IS WE TAKE PART IN THE SCAP PROGRAM. IT'S CALLED THE STATE CRIMINAL ALIEN ASSISTANCE PROGRAM. UM, AND THAT IS, UH, IT'S A PROGRAM THAT'S DESIGNED TO RECAPTURE SOME FEDERAL DOLLARS FOR, UH, FOR INDIVIDUALS THAT WE ARE HOLDING IN, IN CUSTODY. SOMETIMES THEY'RE DEPORTED, SOMETIMES THEY'RE NOT. UM, THAT'S PART OF OUR REPORTING PROCESS AS WELL. AND, UH, I ALSO DO THAT TOO, BECAUSE AS A STEWARD OF TAXPAYER DOLLARS, IT REALLY IS DESIGNED TO RECAPTURE SOME OF THE FEDERAL FUNDING FOR WHAT IS A FEDERAL PROBLEM. IT'S NOT REALLY A COUNTY PROBLEM. IT'S NOT BIG DOLLARS. I THINK LAST YEAR WAS MAYBE $8,000. UM, BUT IT'S STILL SOMETHING, UH, UM, TO OFFSET OUR, OUR BUDGET. UM, OUR CLOSEST WORKING RELATIONSHIP THAT WE HAVE WITH, WITH, UH, ICE IS ACTUALLY THROUGH HSI. IT'S A HOMELAND SECURITIES INVESTIGATION. AND IF YOU'RE NOT FAMILIAR WITH WHAT HSI IS, THEY ARE REALLY THE, THE ICE DETECTIVES, I GUESS I WOULD SAY. AND, UH, WE HAVE ONE OF OUR DEPUTIES THAT IS, UH, IS FEDERALLY SWORN AS AN HSI INVESTIGATOR, UH, HE WORKS PART-TIME, ONE OR TWO DAYS A WEEK ON MULTI-JURISDICTIONAL CASES. AND, UM, THAT IS PROBABLY, THAT IS REALLY OUR CLOSEST WORKING TIE WITH, UH, WITH HOMELAND SECURITY BECAUSE WE ACTUALLY HAVE ONE OF, ONE OF, UH, UH, A SWORN OFFICER OF HSI WITHIN OUR ORGANIZATION. UM, BESIDES THAT, HSI LINK, EVERY SUPERVISOR IN OUR DEPARTMENT HAS THE CONTACT INFORMATION OF THE DEPORTATION OFFICER WITH MILWAUKEE ICE. UM, WE HAVE THEIR DESK PHONE, CELL PHONE, EMAIL ADDRESS, UM, AND WE CAN CONTACT THEM IF THERE'S SOME EGREGIOUS VIOLATIONS. NOW, HAVING SAID ALL OF THAT, I'M A, I'M A LETTER OF THE LAW TYPE OF GUY. UM, BUT I ALSO JUST WANT TO IMPRESS UPON UPON THE BOARD THAT AS A SHERIFF, I REPRESENT EVERYONE IN THIS COUNTY. UM, AND I CAN'T HAVE AN, UH, INDIVIDUAL THAT IS FEARFUL TO CONTACT LAW ENFORCEMENT OR CALL 9 1 1 IF THEY NEED HELP OR IF THEY, UH, THEY'RE A VICTIM OF A CRIME. UM, SO IT, I JUST WANNA MAKE IT CLEAR TO THE BOARD THAT THE, THE IMMIGRATION STUFF THAT WE ARE DOING IS REALLY WITHIN JUST THE CONFINES OF THE JAIL, UM, AND, AND DOESN'T EXPAND THE FOOTPRINT. THERE ARE SOME, SOME FEDERAL PROGRAMS. THE 2 87 G PROGRAM HAS THREE DIFFERENT VARIANTS. NUMBER ONE IS THAT WARRANT SERVICE MODEL. THAT'S THE ONE THAT I CHOSE TO DO IN WASHINGTON COUNTY. THEY HAVE THE JAIL SERVICE, UH, UH, THE JAIL ENFORCEMENT MODEL, WHICH IS A LITTLE DIFFERENT THAN THE WARRANT MODEL WHERE THEY ACTUALLY DO IMMIGRATION INVESTIGATIONS AND ENFORCEMENT, UH, INSIDE THE JAIL. UM, I, I DIDN'T THINK THAT WAS PARTICULARLY NECESSARY. AND THEN THEY ALSO ARE, ARE REINSTITUTING THE TASK FORCE MODEL, AND THAT'S WHERE THEY SWEAR PATROL OFFICERS TO DO IMMIGRATION ENFORCEMENT OUTSIDE THE CONFINES OF THE JAIL. AND, UH, I JUST DIDN'T THINK THAT WAS NECESSARY. LIKE I SAID, THAT'S A FEDERAL PROBLEM. IT'S NOT A, A LOCAL PROBLEM. SO HAPPY TO ANSWER ANY QUESTIONS, BUT THAT'S KIND OF THE 30,000 FOOT OVERVIEW OF IT. THANK YOU FOR ALL THAT INFORMATION. DOES ANYONE HAVE A QUESTION? THANK YOU VERY MUCH FOR THE PRESENTATION, YOU. OUR NEXT ITEM IS FOUR A TAX DEED PARTIAL T ONE DASH OH 1 7 4 OH OH A. UM, THE, WHAT WHAT WE'RE DOING WITH TAX DEED SEIZURES IS CHANGING BECAUSE THERE'S A NEW LAW. SO I'LL HAVE OUR DEPUTY ATTORNEY, UH, EXPLAIN THAT A LITTLE BIT. I BELIEVE THIS, I BELIEVE THIS, UH, THANK YOU, CHAIRMAN. I BELIEVE THIS ISSUE IS ON A, A PRIOR AGENDA AS WELL. UH, THE COUNTY TOOK A PROPERTY LOCATED IN THE TOWN OF ADDISON, UH, BY TAX DEED ON OCTOBER 16TH, 2024. UH, SINCE THEN, THE TAXES OWED ON THE PROPERTY HAVE BEEN PAID IN THE AMOUNT OF A LITTLE OVER $10,000. SO IT COVERED ALL THE BACK TAXES AND ASSOCIATED COSTS. UM, ACCORDING TO OUR CODE SECTION 49 10, [00:45:01] UM, THE FORMER OWNER IS GIVEN PRE PREFERENCE TO REPURCHASE THE PROPERTY THAT WAS TAKEN SUBJECT TO THE TAX DEED SO LONG AS THEY MEET ALL THE REQUIREMENTS OF THE CODE. AND AT THIS TIME, THIS PARTICULAR, UM, FORMER OWNER DID MEET ALL THE REQUIREMENTS BY, UH, PAYING ALL THE BACKS, TAXES, AND FEES. SO AT THIS POINT IN TIME, WE NEED TO TRANSFER THE DEED BACK TO THE ORIGINAL OWNER. SO WE JUST NEED A MOTION TO APPROVE THAT MOTION BY SUPERVISOR MARY, SECOND BY SUPERVISOR TOMA. UH, ANY FURTHER DISCUSSIONS OR QUESTIONS? THERE BEING NONE. WE'LL VOTE BY VOICE. ALL IN FAVOR SAY AYE. AYE. OH, WE HAVE TO DO IT ELECTRONICALLY. OH, OKAY. WE'LL DO ELECTRONICALLY PASSES UNANIMOUSLY. NEXT UP IS ORDINANCE FIVE DISPLAY OF FLAGS ON COUNTY PROPERTY. UM, IT'S PRETTY WELL EXPLAINED IN THE PACKAGE MOTION BY SUPERVISOR KREBS. SECOND BY SUPERVISOR KELLY. UH, ANY DISCUSSION THERE BEING NONE? WE'LL ALSO VOTE ELECTRONICALLY ON THIS. IF YOU'RE READY. HANG ON. WHILE THE ELECTRONIC SKETCHES UP UNANIMOUS PASSES UNANIMOUSLY. NEXT IS ITEM FIVE B, RESOLUTION 63, RESCINDING FUNDING AND AUTHORIZING THE TERMINATION OF THE RADIO TOWER LEASE WITH AMERICAN TOWER CORPORATION IN THE TOWN OF AARON. UH, MOTION AND A SECOND, PLEASE? SUPERVISOR SCHWAB SUPERVISOR BOSER. ANY DISCUSSION? SUPERVISOR KREBS. THANK YOU, MR. CHAIRMAN. UM, IN THE PACKET, I COULD NOT FIGURE OUT WHEN DOES THE LEASE ACTUALLY END, BECAUSE IT ONLY REFERS TO A STARTING DATE OF 2009 WITH FIVE YEAR RENEWALS. THAT WOULD BE, SO MY MATH SAYS 2024. THANK YOU, MR. CHAIRMAN. DAVE SAGER, CHIEF PUBLIC SAFETY OFFICER. THAT LEASE WILL END AT THE END OF THIS YEAR, AT THE END OF 25? YES, BECAUSE YOU'RE DEFUNDING IT, POTENTIALLY DEFUNDING IT BY THIS BOARD'S ACTION. AND AS A RESULT, THROUGH THE BUDGET PROCESS, THE ONLY TERMINATION OF THE LEASE IS 180 DAY NOTIFICATION NOTIFYING THEM THAT WE WILL NOT FUND IT. AND BY VIRTUE OF THE BIENNIUM PROCESS, THAT WILL SUBSEQUENTLY HAPPEN WITH YOUR ACTION THIS FALL. OKAY. UM, THE OTHER QUESTION IS, IS ON THE TOWER, IS THERE ANY EQUIPMENT TO BE REMOVED THEN? NO. AT THE TERMINATION OF THE LEASE? NO. NO. OKAY. THANK YOU. ANY FURTHER DISCUSSION THEN WE'LL VOTE ELECTRONICALLY. UM, SUPERVISOR VA P*****K. WE'RE VOTING ON A RESOLUTION 63. WE'RE MISSING ONE VOTE PASSES UNANIMOUSLY. NEXT UP IS RESOLUTION 64 FOR CONTINUATION OF FUNDING OF THE NEXT GENERATION HOUSING PROGRAM. AND I'LL POINT OUT THAT THIS IS JUST ANOTHER SUNSET CLAUSE. WE'RE ALREADY FUNDING IT. THIS IS JUST PUTTING A LOOK BACK ON IT. MOVED BY SUPERVISOR SICE, SECOND BY SUPERVISOR. LIK ANY DISCUSSION, WE'LL VOTE ELECTRONICALLY. [00:50:12] IT PASSES 20 TO ONE. NEXT UP IS RESOLUTION 65, AUTHORIZING THE WASHINGTON COUNTY INFORMATION TECHNOLOGY DEPARTMENT TO PROVIDE INFORMATION TECHNOLOGY SERVICES TO THE TOWN OF FARMINGTON AS PART OF THE SHARED REVENUE OF THE COUNTY SALES TAX. UH, MOTION PLEASE. SUPERVISOR SHARUN. SUPERVISOR GALLS. ANY DISCUSSION OR QUESTION THERE BEING, OH, SUPERVISOR GALL. JUST CURIOUS AS WE CONTINUE TO TAKE, UH, MORE INTO THIS ON, WHICH I THINK IS GOOD THING FOR THE, UH, FOR THE COMMUNITY AT LARGE, BECAUSE WE GET SOME REALLY GOOD SKILLS AND ABILITIES, UH, FOR OUR COMMUNITIES. BUT I, LAST TIME WE DID THIS, WE SAID WE HAD CAPACITY. I'M ASSUMING THAT WE CONTINUE TO HAVE ENOUGH CAPACITY TO HANDLE NOT ONLY THESE NEEDS, BUT THE COUNTY IN GENERAL. UM, THANK YOU. SUPERVISOR GALLS. OH, AND MR. CHAIRMAN? UH, YES. I THINK, UH, WHAT WE'RE GONNA DO RIGHT NOW IS, UH, LOOKING AT OUR, OUR WORKLOAD RIGHT NOW, WE'RE PROBABLY TAKING ON THESE TWO AND PAUSING AS FAR AS ADDING ANY OTHER MUNICIPALITIES CURRENTLY. SO WE'RE LOOKING AT, THESE WOULD BE THE LAST TWO, KIND OF IN A DOOR, SO TO SPEAK. AND THEN WE HAD SOME TIME TO CATCH OUR BREATH A LITTLE BIT, MAKE SURE WE'RE DOING A GOOD JOB FOR ALL THOSE MUNICIPALITIES. WE'VE HAD POSITIVE FEEDBACK FROM THE ONES WE'VE BEEN WORKING WITH SO FAR. UH, BUT WE ALSO WANNA MAKE SURE WE'RE GETTING THE SAME POSITIVE FEEDBACK FROM OUR, UH, CONSTITUENTS INSIDE THIS BUILDING AS WELL, UM, INCLUDING THE SHERIFF'S OFFICE AND, AND THEIR LEVEL OF SERVICE. SO WHAT WE'D LIKE TO DO IS GET THESE ONBOARDED, UH, PAUSE, AND THEN PROBABLY ONCE YOU START THE BUDGET PROCESS AGAIN THIS SUMMER IS REVISIT THIS AND SEE WHERE WE'RE AT. THANK YOU. THANK YOU FOR THE EXCELLENT EXPLANATION. ANY OTHER QUESTIONS? AND WE'LL VOTE ELECTRONICALLY. THIS IS ALSO A SIMPLE MAJORITY VOTE. IT PASSES 20 TO NOTHING WITH ONE ABSTENTION. NEXT UP IS RESOLUTION 66, AUTHORIZED IN WASHINGTON COUNTY INFORMATION TECHNOLOGY DEPARTMENT TO PROVIDE, PROVIDE INFORMATION TECHNOLOGY SERVICES TO THE TOWN OF SCU AS PART OF THE SHARED REVENUE OF THE COUNTY SALES TAX. UH, MOTION. AND A SECOND, PLEASE. SUPERVISOR SCHWAB SUPERVISOR TOMA. ANY DISCUSSION OR QUESTIONS? THERE BEING NONE WILL VOTE ELECTRONICALLY. THIS IS ALSO A SIMPLE MAJORITY VOTE. ALSO PASSES 20 TO NOTHING WITH ONE ABSTENTION. NEXT, WE HAVE RESOLUTION 67 AUTHOR AUTHORIZING THE WASHINGTON COUNTY GEOGRAPHIC INFORMATIONS DEPARTMENT SYSTEM DEPARTMENT TO PROVIDE GIS SERVICES TO THE TOWN OF TRENTON AS PART OF THE SHARED REVENUE GRANT PROGRAM MOTION. AND A SECOND SUPERVISOR, BOSER SUPERVISOR BAILEY, ANY DISCUSSION THERE BEING NONE WILL VOTE ELECTRONICALLY. LOOKING FOR A SIMPLE MAJORITY VOTE PASSES UNANIMOUSLY. NEXT IS RESOLUTION 68 TO AUTHORIZE THE ANNUAL RETURN OF CONTRABAND FUNDS TO THE SHERIFF'S OFFICE FROM THE COUNTY TREASURER'S OFFICE MOTION AND A SECOND SUPERVISOR, NEWMAN SUPERVISOR TROUTNER. ANY QUESTIONS OR DISCUSSION? SUPERVISOR KREBS. THANK YOU, MR. CHAIRMAN. UM, I GUESS I'M NOT SURE WHO TO DIRECT THE QUESTION TO, BUT WONDERING WHY THE MONEY IS BEING RETURNED TO THE SHERIFF'S DEPARTMENT VERSUS THE GENERAL FUND AND THE SHERIFF LOOKS LIKE HE'S READY TO ANSWER. I CAN CERTAINLY TRY TO ANSWER [00:55:01] THAT. SO WHAT, WHAT THIS IS AN EFFORT TO DO. SO FIRST OF ALL, THE SHERIFF'S OFFICE IS NOT IN THE BUSINESS OF TRYING TO GENERATE REVENUE FROM ARRESTS. THAT'S NOT, THAT'S NOT IT AT ALL. BUT THERE IS AN ELEMENT OF FINANCIAL DETERRENCE WHEN YOU'RE TALKING ABOUT DEALING WITH, UH, WITH DRUG DRUG DEALERS. UM, WHAT WE ARE, THE F THE WHAT THIS IS TRYING TO DO IS STATUTORILY TREAT ALL EVIDENCE THE SAME, UH, THROUGH COUNTY BOARD ACTION. THE, THE MONEY COULD BE, UH, COULD BE, UH, UM, TREATED THE SAME WAY THAT WE TREAT, UM, PHYSICAL PROPERTY EVIDENCE. AND THAT'S WHAT THIS IS FOR. SO IT HAD BEEN FOR YEARS, IT HAS BEEN GOING BACK TO THE, UH, THE, UM, THE GENERAL FUND. UM, A LOT OF THIS MONEY WE PROBABLY WOULD HAVE SOUGHT SEIZURE, A, A, A FORFEITURE SEIZURE ACTION, UM, TO, TO RETAIN THOSE, UH, UH, FUNDS. BUT THE PROBLEM IS, IT'S THOSE SEIZURES, THE CIVIL ACTION THAT HAS TO BE DONE WITHIN 30 DAYS OF THE SEIZURE. AND THAT'S VERY IMPRACTICAL WHEN WE'RE DEALING WITH EVIDENCE, MONEY AS EVIDENCE, UM, BECAUSE IT'S NEEDED FOR COURT. SO IF IT, IF THE MONEY WAS NOT NEEDED AS EV EVIDENCE, WE PROBABLY WOULD'VE SOUGHT THE, THE SEIZURE OF THE MONEY THROUGH A CIVIL FORFEITURE. COULD I BACK YOU UP ONE MOMENT AND JUST CAN YOU RE-BREAK UP THE DIFFERENCE BETWEEN MONEY VERSUS OTHER PROPERTY SEIZED? SURE. HOW, HOW ARE THEY TREATED DIFFERENT? SO STATUTORILY, THE, THE, THE MONEY HAS TO GO THROUGH THIS UNCLAIMED FUND PROCESS, WHICH IS, THAT'S THE COUNTY BOARD, WHICH IS THE 10 YEAR PROCESS THAT THE PACKET REFERS TO, RIGHT? CORRECT. CORRECT. OKAY. YEAH. THE, THE PROPERTY, I'LL GIVE YOU EXAMPLE. UH, LET'S SAY WE, UH, HAVE A, A MARIJUANA GIRL AND WE SEIZE A SHOVEL THAT THEY'RE USING TO CULTIVATE, THAT'S EVIDENCE. UM, AT THE END OF THE CASE, WE CAN DISPOSE OF THAT EVIDENCE HOWEVER WE SEE FIT. IF WE NEED A SHOVEL, WE, WE CAN, WE CAN PUT THAT INTO OUR FLEET OF TOOLS WITH MONEY, IT HAS TO GO THROUGH THIS OTHER PROCESS UNLESS THE COUNTY BOARD ALLOWS US TO, UH, TO USE THAT. IT'S ACTUALLY A VERY SMALL AMOUNT OF, OF MONEY THAT WE'RE TALKING ABOUT IN OUR, UH, JUST TO GIVE YOU A, A PERSPECTIVE, I THINK IN OUR, OUR, OUR ASSET FORFEITURE FUND OF DRUG MONEY, UM, I THINK WE HAVE AROUND A QUARTER OF A MILLION DOLLARS IN THAT FUND. UM, THIS WAS, UH, LAST YEAR, I THINK IT WAS $600, MAYBE A YEAR BEFORE IT WAS $7,000. SO IT'S A MUCH SMALLER AMOUNT OF MONEY. BUT WE DO TRY TO THE, WITH DRUG FORFEITURE MONEY, WHAT WE TYPICALLY TRY TO DO IS TO KEEP THE DRUG UNIT OPERATIONS, SPECIFICALLY VEHICLES, UM, OFF OF THE TAX LEVY BECAUSE WE GO THROUGH SO MANY DIFFERENT VEHICLES. YOU CAN IMAGINE WE'RE USING THEM FOR THOSE TYPES OF OPERATIONS. WE CAN'T USE THE SAME VEHICLES OVER AND OVER. UM, SO WE ROTATE VEHICLES A LOT AND THAT'S WHAT WE RELY ON THOSE FUNDS FOR. OKAY. I PERSONALLY DON'T THINK THAT THIS MONEY SHOULD BE GOING BACK TO THE SHERIFF'S DEPARTMENT DIRECTLY. I, I BELIEVE THAT IT SHOULD GO TO THE GENERAL FUND. SO JUST TO KIND OF HELP SEPARATE A CONFLICT OF INTEREST ON IT. SO I WON'T BE SUPPORTING IT. DOES ANYONE ELSE WISH TO SPEAK IN THAT CASE, WE'LL VOTE ELECTRONICALLY. IT PASSES 18 TO THREE. NEXT UP WE HAVE RESOLUTION 69, WHICH IS A GRANT APPLICATION FROM THE WISCONSIN DEPARTMENT OF MILITARY AFFAIRS PSAP GRANT PROGRAM, UM, FOR THIS YEAR. MOTION. AND A SECOND, PLEASE. SUPERVISOR HARTWICK, SUPERVISOR. MARY, ANY QUESTIONS? THIS WAS COVERED PRETTY WELL IN THE PACKAGE TOO, SO THERE BEING NO QUESTIONS. WE'LL VOTE ELECTRONICALLY. THIS ONE REQUIRES A TWO THIRDS MAJORITY. IT PASSES UNANIMOUSLY RESOLUTION 70 CALLS FOR EXTENSION OF THE WASHINGTON COUNTY PARK AND OPEN SPACE PLAN TO 2035. UM, AND YOU MIGHT HAVE SEEN IN YOUR PACKAGE, UM, MARKS PARK, MARKS FOURS, MARKS WOODS WAS IN THERE YET. AND ALSO REMIND ME, LIZARD MOUND WAS STILL IN THERE. SO THOSE HAVE BEEN TAKEN OUT OF THE PACKAGE AS [01:00:01] OF TODAY. SO THAT'S A FRIENDLY CHANGE TO WHAT YOU MIGHT HAVE SEEN. UM, ANY OTHER DISCUSSION? SUPERVISOR KELLY? THANK YOU, MR. CHAIRMAN. UM, SO THOSE ITEMS THAT WERE LEFT IN, UM, BASICALLY LET ME GIVE YOU THE HISTORY OF WHAT WAS GOING ON WITH THAT, THIS WHOLE PLAN. UM, YOU REMEMBER OUR DISCUSSION OF GLACIER HILLS. WERE SEEKING GRANT FUNDING FOR GLACIER HILLS PARK. COULD YOU HOLD JUST A SECOND? SURE. SO I CAN GET A MOTION IN A SECOND. OH, YES, SIR. SUPERVISOR PRIDE MOORE, SUPERVISOR KELLY, YOU MAY PROCEED. OKAY. UM, SO AS PART OF THE, UH, GRANT FUNDING THAT WE'RE SEEKING FROM THE STATE, THEY DO REQUIRE AN UPDATED, UH, PLAN. AND SO THAT WAS WHAT WAS DONE. UM, THE ONLY PART THAT REALLY REQUIRED THE UPDATE WAS THE STATISTICAL INFORMATION THAT YOU SEE IN THE PLAN. SO THE NUMBER OF RESIDENTS AND THOSE KINDS OF STATISTICS. SO THAT'S WHAT WAS UPDATED. THEY REALLY DIDN'T PULL STUFF OUT AND CHANGE ANYTHING SIGNIFICANTLY FROM THE OTHER PARTS OF THE PLAN. UH, THE REQUIREMENT OF THE STATE WAS MERELY TO UPDATE THOSE STATISTICS, WHICH WERE DONE. UM, SO WITH THIS NOW BEING IN PLACE, WE NOW LEGALLY QUALIFY FOR THE GRANTS THAT WE'RE GONNA SEEK FOR GLACIER HILLS FROM THE STATE. SO THAT'S ALL THIS IS ABOUT. THANK YOU. THANK YOU FOR THE EXPLANATION. ANY OTHER COMMENTS THERE? BEING NONE VOTE ELECTRONICALLY. IT PASSES UNANIMOUSLY. OUR FINAL ITEM IS RESOLUTION 71, AWARDING THE SALE OF $10 MILLION. GENERAL OBLIGATION PROMISSORY NOTES, UM, WHICH WE VOTED FOR PREVIOUSLY. THIS IS THE SIMPLY ISSUING THE NOTES. SO MOTION AND A SECOND PLEASE. SUPERVISOR TOMA. SUPERVISOR SCHWAB, ANY DISCUSSION QUESTION? I THINK WE'LL HAVE MS. HAMERS EXPLAIN A LITTLE BIT. UM, WE DON'T DO THIS VERY OFTEN, SO THEY, AND THIS WOULD ALSO BE GOOD FOR THE YOUNGER PEOPLE IN THE AUDIENCE, HOW THIS WORKS. YES. ALL RIGHT. SO, UH, PREVIOUS MEETING LAST MONTH, I BELIEVE, UM, YOU GUYS APPROVED AN INITIAL RESOLUTION FOR THIS DEBT ISSUE, WHICH WAS VERY SIMILAR IN FORMAT TO WHAT YOU'RE APPROVING TONIGHT. SO, UM, THAT INITIAL RESOLUTION IS BASICALLY JUST GIVING US PERMISSION TO, TO ISSUE THIS DEBT AND PUT IT OUT FOR BID TO SEE WHAT RATES WE CAN GET FOR THE DEBT ISSUE. UM, SO ONCE THAT WAS COMPLETED, THEY WENT OUT FOR BID TODAY. UH, OR THE BID'S CLOSED TODAY. UM, AND WE RECEIVED MULTIPLE OFFERS BACK. UM, PMA, OUR FINANCIAL ADVISOR IS HERE. THEY CAN KIND OF WALK YOU THROUGH SOME OF THE DETAILS. THEY HAVE A SHORT PRESENTATION IN YOUR PACKET THAT WE CAN GO THROUGH. UM, BUT BASICALLY THE, UH, RATES CAME BACK AT ABOUT 3.3%. SO THE RESOLUTION THAT YOU'RE APPROVING TONIGHT IS THE RESOLUTION TO ACTUALLY APPROVE THAT DEBT TO BE ISSUED SOLD, UM, FOR US TO TAKE IN THE PROCEEDS AND MOVE FORWARD WITH THE PROJECT. SO I'M GONNA TURN IT OVER TO CHARLIE. HE'S FROM PMA, THAT'S OUR FINANCIAL ADVISOR. AND HE CAN KIND OF WALK THROUGH THE PRESENTATION AND THEN IF THERE'S ANY QUESTIONS, WE CAN GO THROUGH THOSE AS WELL. THANK YOU. MM-HMM . THANK YOU ALL FOR HAVING ME. UH, MY NAME IS CHARLIE AND AS MARGIE SAID, I'M HERE FROM PMA SECURITIES. JUST SORT OF JUST WALK THROUGH TODAY'S SALE, YOU KNOW, THE INTEREST RATES, YOU GOT A LITTLE BIT OF MAYBE WHAT THE COUNTY IS LOOKING TO DO IN THE FUTURE, AND THEN TAKE ANY QUESTIONS YOU GUYS HAVE ON, ON THE SALE TODAY. SO I BELIEVE MARGIE PROVIDED YOU ALL WITH THE PRESENTATION, AND I'LL JUST SORT OF WALK THROUGH THAT. UM, SO AS WE SAID, $10 MILLION, UH, GENERAL OBLIGATION PROMISSORY NOTES SOLD THIS MORNING. SO WE TOOK THE BIDS. AND BEFORE I GET INTO THAT, I'LL GO THROUGH JUST A LITTLE BIT OF THE INTEREST RATE, BACKGROUND AND INTEREST RATE PERSPECTIVE ON WHAT WE'RE SEEING IN THE MARKET TODAY. SO SLIDE ONE HERE IS THE MMD CURVE. SO THAT'S MUNICIPAL MARKET DATA. THAT'S ESSENTIALLY THE GOLDEN STANDARD FOR WHAT WE'RE SEEING FOR INTEREST RATES IN THE MUNICIPAL BOND MARKET. AND THE CURVE IS BASED OFF AAA GENERAL OBLIGATION, OBLIGATION RATING, WHICH WASHINGTON COUNTY DOES HAVE AAA RATING. SO IT CORRELATES VERY NICELY TO WHAT YOU GUYS ARE SEEING. SO FOR THIS, UH, FOR THIS DEBT ISSUE, IT WAS A 10 YEAR ISSUE. SO YOU GUYS ARE KIND OF LIVING IN THE SPACE OF THAT MIDDLE LINE, THAT GREEN LINE THERE. AND THIS, UM, CHART [01:05:01] IS FROM 2024 TO PRESENT. SO WE'RE SEEING A LITTLE BIT OF UPTICK IN INTEREST RATES SINCE AROUND THIS TIME LAST YEAR. BUT OVERALL, RELATIVELY LEVEL AND, UM, RELATIVELY GOOD I'D SAY FOR WHAT WE'RE SEEING IN THE MARKET AND WHAT, UM, ISSUERS ARE GETTING RIGHT NOW. THE NEXT SLIDE IS THE COMPETITIVE SALE RESULTS. SO WE HAD WHAT WE CONSIDER A VERY, UH, SUCCESSFUL SALE THIS MORNING. FOUR OF THE LARGER INVESTMENT BANKS NATIONALLY CAME IN TO PLAY WITH THEIR BIDS, AND WE LANDED ON A TRUE INTEREST COST OR TICK OF 3.34% TO THE COUNTY. AND THEN YOU CAN SEE, UH, JEFFRIES BANK OUT OF NEW YORK WON THE SALE. AND THEN THE OTHER THREE BIDDERS ARE LISTED THERE AS WELL. A LITTLE BIT ON THE ISSUE, PURPOSE AND STRUCTURE. SO THE PURPOSE OF THE ISSUE IS TO PAY COSTS FOR REMODELING WORK AT COUNTY BUILDINGS, AS WELL AS, UM, VARIOUS ROAD PROJECTS IN THE COUNTY. AND THEN, AS MARGIE SAID, WE TOOK IN THE SALES TODAY AND WE'RE, WE'LL BE LOOKING AT IF APPROVED A, A STANDARD THREE WEEK CLOSE, MEANING THE, THE FUNDS WOULD BE ACTUALLY RECEIVED BY THE COUNTY ON APRIL 2ND, 2025, THREE WEEKS FROM NOW. AND THEN A LITTLE BIT FOR THE REPAYMENT OF THIS, THE PRINCIPLE WILL BE REPAID OVER 10 YEARS, AS I SAID. AND THAT WILL BE STARTING ABOUT A YEAR FROM NOW ON MARCH, 2026, MARCH 1ST, AND THEN THAT'LL BE THROUGH, UH, 2035 WITH THE FIRST INTEREST PAYMENT, ALSO BEING NEXT MARCH 1ST. UM, THIS ISSUE DID NOT HAVE A CALL PROVISION. SO NON CALLABLE, MEANING THE COUNTY WILL BE RESPONSIBLE FOR PAYING IT BACK, YOU KNOW, ON THE DEBT SCHEDULE THAT WE'RE LAYING OUT HERE, THERE, THERE WILL BE NO, UM, OPTION PER SE FOR PREPAYMENT OR EARLY PAYMENT OF THE DEBT. AND I, A LITTLE REASON WE DID THAT IS BECAUSE WE'RE SEEING NON CALLABLE ISSUES, UM, COME IN WITH A LOWER TICK TRUE INTEREST COSTS. AND THE COUNTY FELT THAT THAT WAS A GOOD WAY TO GO. AND THEN CREDIT RATING, AS I ALLUDED TO, WASHINGTON COUNTY IS ONE OF SEVEN COUNTIES IN THE STATE WITH A AAA RATING. SO THAT'S, UM, THE HIGHEST RATING YOU CAN GET AND I THINK THAT IS ULTIMATELY REFLECTED IN THE, THE ATTRACTIVE, UH, INTEREST RATE YOU GUYS RECEIVED TODAY. THE NEXT SLIDE IS A LITTLE BIT ON YOUR PRICING SUMMARY AND KIND OF LAYOUT OF THE DEBT. SO YOU CAN SEE HERE, THERE WAS, UH, MATURITIES FROM 2026 THROUGH 2035. AND WE ARE ALSO LISTING THE MATURITY VALUES AND YIELDS PER MATURITY. SO WHEN THIS GETS, UM, WHEN THIS GETS BID OUT, YOU KNOW, THEY'RE PROPOSING COUPONS AND YIELDS, UM, WHICH ULTIMATELY MAKE UP YOUR, YOUR TOTAL INTEREST COST. AND WE'RE SETTING THE MATURITY VALUES ULTIMATELY TO, YOU KNOW, CO CORRESPOND WITH THE COUNTY'S WISHES FOR HOW THEY'D LIKE THE DEBT TO BE SET UP. SO YOU'RE, YOU KNOW, YOU HAVE LEVEL, UH, TAXES AND, AND, UM, AND THAT, SO, UM, A LITTLE BIT, UM, ON THE BID PREMIUM, WHICH YOU'LL SEE ON THE NEXT SLIDE AS WELL. SO WHEN YOU GO TO BID, UM, THE BANKS ULTIMATELY SUGGEST COUPONS THAT THEY WOULD LIKE TO RECEIVE. AND THEN SOMETIMES THOSE COUPONS ARE MUCH HIGHER TO BE ATTRACTIVE TO INVESTORS THAN THE YIELD. SO ESSENTIALLY, ALTHOUGH YOU SEE THESE COUPONS BETWEEN 5% AND 4% HERE, YOUR YIELDS AND TRUE INTEREST COSTS ARE ULTIMATELY MUCH LOWER IN THE WAY THAT THAT, UM, KIND OF COMES TO BE IS THAT YOU GET AN ADDITIONAL $650,000 OF WHAT WE CALL BID PREMIUM OR CAPITALIZED INTEREST ON THE CLOSING DATE, WHICH IS APPLIED TO DEBT SERVICE IN THE FIRST YEAR. SO FUNDS THAT YOU DON'T HAVE TO LEVY FOR, AND IT'S APPLIED TO DEBT SERVICE FOR REPAYMENT OF THE THIS ISSUE. AND THEN THE FOLLOWING SLIDE IS JUST A LITTLE BIT MORE OF AN IN-DEPTH BREAKDOWN OF YOUR DEBT SCHEDULE, SHOWING THE EXACT PAYMENT DATES, PRINCIPLE AMOUNTS, AND THEN TOTAL PRINCIPLE AND INTEREST OWED BY THE COUNTY OVER THE NEXT 10 YEARS FOR REPAYMENT OF THIS ISSUE, OF THIS ISSUE. UM, SO YOU'LL SEE 10 MILLION IN PRINCIPLE AND THEN A LITTLE, A LITTLE UNDER 2.7 MILLION IN INTEREST, UH, TO BE PAID BY THE COUNTY OVER THE LIFE OF THE ISSUE. AND THE, UM, LAST SLIDE WE HAVE IS THE FINANCING PLAN. SO ONCE AGAIN, SHOWING THE FINAL NUMBERS FROM TODAY'S SALE FOR THE $10 MILLION ISSUE THAT WE'RE LOOKING TO GET APPROVAL FOR TONIGHT. AND THEN SHOWING THE POTENTIAL FOR A 2027 ISSUE OF 25 MILLION FOR VARIOUS PROJECTS IN THE COUNTY AS WELL, WHICH IS SOMETHING THAT, UM, WE'VE BEEN WORKING WITH MARGIE ON IN THE FINANCE DEPARTMENT AND SOMETHING THAT COULD BE COMING DOWN THE PIKE FOR THE COUNTY. THAT IS ALL I HAD FOR YOU GUYS, AND I'M CERTAINLY AVAILABLE TO TAKE [01:10:01] ANY QUESTIONS THAT ANYBODY HAS ON THE SALE TODAY. SUPERVISOR KREBS, DID YOU HAVE A QUESTION? OKAY. UM, ALONG THE LINES, I WAS SURPRISED TO SEE THIS 25 MILLION. IT'S AN EXAMPLE. UM, BUT I KNOW THAT THE COUNTY EXECUTIVE EXPRESSED THAT THE RATE THAT WE GOT WAS ALMOST THE WHOLE POINT LESS THAN WHAT WAS EXPECTED. SO, UM, LOOKING AT FUTURE PROJECTS, WE MIGHT BE BORROWING MORE IN THE NOT TOO DISTANT FUTURE, EXPECTING INTEREST RATES TO GO UP AFTER THAT. SO WE'LL BE THINKING ABOUT THAT GOING FORWARD. SUPERVISOR BOSER, SO I'M LOOKING AT THE CHART ON PAGE TWO, AND THEN I'M ALSO KIND OF COORDINATING THAT WITH PAGE THREE AND THEN THE CALLABLE FEATURE. SO THE CHART ON PAGE TWO SEEMS TO SHOW THAT THE AVERAGE RATE FOR 10 YEARS IS RIGHT AROUND 3%, LIKE 3.00 ROUGHLY. MM-HMM . NOW YOU MENTIONED WE WOULD GET A HIGHER RATE IF WE, WE HAD A CALLABLE ONE SO THAT WE COULD PAY EARLY. AND THE RATE WE'RE GETTING IS 3.34%. THAT'S A WHOLE THIRD OF A PERCENTAGE POINT ABOVE WHAT THE AVERAGE IS. AND I KNOW WE HAVE OUTSTANDING CREDIT RATE. UM, WE HAVE THE ABILITY TO BORROW A BILLION DOLLARS WITHOUT GOING THE REFERENDUM. WE HAVE VERY LOW DEBT. WE'RE UNDER 20 MILLION IN DEBT. UH, I DON'T KNOW THE EXACT NUMBER OFF HAND. ANY IDEA WHY THAT'S FOR A NON CALLABLE, A THIRD OF A POINT ABOVE AVERAGE? YEAH, THAT'S A GOOD QUESTION. SO I THINK A COUPLE THINGS ARE AT PLAY. UM, THIS CHART ONLY GOES, UM, THROUGH MARCH 2ND. SO WE HAVE SEEN A LITTLE BIT OF UPTICK IN RATES DUE TO SOME POTENTIAL, UM, VOLATILITY BASED ON THE THINGS GOING ON IN THE FEDERAL LEVEL. SO THERE HAVE, WE HAVE SEEN A LITTLE BIT OF VOLATILITY IN THE MARKET, UM, IN THE LAST TWO WEEKS HERE, A WEEK OR SO. AND THEN I THINK ANOTHER PIECE TO THAT IS, UM, JUST THE FACT THAT I, I'M TRYING TO GET MY WORDING RIGHT HERE. UM, THE COST OF ISSUANCE IS NOT PROBABLY REFLECTED IN THE MMD CURVE. SO YOU GUYS, YOU KNOW, HAVE YOUR STANDARD FEES, YOUR RATING, AGENCY FEE, BOND COUNCIL FEE, AS WELL AS MUNICIPAL ADVISORY FEE. AND, UM, SO THOSE ARE, THOSE ARE ADDING ONTO YOUR TRUE INTEREST COST AS WELL. OKAY. HOW MUCH MORE WOULD IT BE IF WE HAD A CALLABLE BOND? I WOULD SAY PROBABLY 10 TO 15 BASIS POINTS HIGHER FOR CALLABLE RIGHT NOW. OKAY. WHEN YOU SAY A BASIS POINT, IS THAT A 10TH OF A PERCENTAGE? LIKE 0.15 WOULD BE 15 BASIS POINTS, SO. OKAY. SO IT'D BE A HUNDREDTH OF A PERCENTAGE. MM-HMM . SO, OKAY. SO 0.15 HIGHER, YOU'RE THINKING IF WE DID CALLABLE. OKAY. ALL RIGHT. THANK YOU. THANK YOU. ANY OTHER DISCUSSION THERE? BEING NONE? WE'LL VOTE ELECTRONICALLY. OH, SUPERVISOR GALL. SO IF, IF I SEE WE'RE APPROXIMATELY 1.3 MILLION FOR MOST PAYMENTS AND HIRE THE FIRST AND THEN LOWER 28, IS THAT, IS THAT RIGHT? IF I'M LOOKING AT, I DON'T KNOW WHAT PAGE IT IS. DEBT SERVICE PAGE. SO WHAT ARE WE BUDGETING YEAR OVER YEAR, I GUESS? UH, YEAH, THAT IS RIGHT. SO WE'VE GOT ANOTHER DEBT THAT WE ISSUED IN 2018 THAT'LL BE DROPPING OFF. SO TO TRY AND KEEP OUR DEBT PAYMENTS LEVEL BETWEEN ALL OF OUR DEBT ISSUES, UM, IT'S KIND OF STRUCTURED. THAT ONE'S ONE DEBT DROPS OFF, WE'RE KIND OF ROLLING THAT PAYMENT INTO THE, THE NEXT DEBT. OH, OKAY. SO THAT'S WHY IT WON'T, IT'S NOT FLAT AMONGST THIS ISSUE. IT'S FLAT AMONGST ALL OF OUR ISSUES AND OBLIGATIONS. OKAY. AND LAST MONTH AND, UH, CHAIR SCH LIFE, UH, INTIMATED THAT WE WERE ANTICIPATING A HIGHER AMOUNT, SO WE'RE COMING IN AT A LOWER AMOUNT. UM, SO HOW, HOW DOES THAT FIT IN THAN TO THE BUDGET? UH, SO 2020 FIVE'S BUDGET, WE'RE, THERE'S NO IMPACT RIGHT NOW 'CAUSE THERE'S NO PAYMENTS. UM, AND WE'LL BE STARTING ON THE 26, 27 BUDGET, SO WE'LL JUST INCORPORATE ACTION NUMBERS IN AT THAT TIME. OKAY. THANK YOU. MM-HMM . DOES ANYONE ELSE WISH TO SPEAK? OKAY, WE'LL VOTE ELECTRONICALLY. THIS IS A SIMPLE MAJORITY 'CAUSE IT'S JUST ISSUING THE BONDS THAT WE ALREADY VOTED TO APPROVE. [01:15:10] IT PASSES UNANIMOUSLY. OUR NEXT MEETING DATE IS APRIL 29TH, 2025. THIS MEETING'S ADJOURNED. APRIL 9TH. EXCUSE ME. THAT'S A LONG TIME. STAY HERE FOR A LITTLE BIT. KELLY WANTS TO SHOW YOU GUYS A LITTLE BIT ABOUT HOW THESE RESOLUTIONS GET FINISHED UP AFTER A MEETING. SO LET'S JUST STAY HERE. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.