Dec 17, 2025 Executive Committee Meeting

[00:00:29]

YEAH.

CUT OFF WHEN YOU NEED TO.

HUH? CUT OFF.

WE DO .

IT'S NOT HAVING ALL MINOR OLD.

HE'S PASSIONATE.

I'LL WAIT FOR MR. SCHMIDT TO

[Call to Order, Roll Call, Affidavit of Posting, A Moment of Silent Prayer, and Pledge of Allegiance]

I'LL RUSH HIM ALONG.

GOOD EVENING.

I'LL CALL THIS MEETING OF THE EXECUTIVE COMMITTEE TO ORDER.

UM, WE HAVE ONE ABSENCE TONIGHT.

UH, SUPERVISOR SCHUL IS AT HOME WITH A HOME ISSUE.

UM, THIS MEETING WAS POSTED BY THE CLERK'S OFFICE APPROPRIATELY WILL RISE FOR A MOMENT OF SILENT PRAYER AND THE PLEDGE OF ALLEGIANCE.

I PLEDGE ALLEGIANCE, 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 FOR ALL.

WE HAVE THE MINUTES POSTED FOR THE LAST TWO MEETINGS.

ARE THERE ANY CORRECTIONS OR ISSUES? I DIDN'T SEE ANY

[Minutes]

THEY'LL BE FILED AS POSTED.

OUR FIRST, UH, ORDER OF BUSINESS IS A DISCUSSION ON U-W-M-W-C CAMPUS.

WE'LL LOOK TO MR. ERD FOR THAT.

GOOD AFTERNOON.

[Discussion or Possible Action]

[a. UWM-WC Campus Update]

I WANTED TO ADVISE THE, UH, COMMITTEE THAT, UH, THE, UM, THE AGREEMENTS TO EFFECTUATE THE SALE BETWEEN THE COUNTY AND OCS ARE IN THE HANDS OF OCS RIGHT NOW.

HAD A COMMUNICATION WITH THEM A FEW DAYS AGO INDICATING THAT THEY HAVE RETAINED COUNSEL.

AND COUNSEL IS REVIEWING THOSE DOCUMENTS AND HOPEFULLY WE'LL HEAR SOMETHING SOON.

THEY DIDN'T GIMME A TIMEFRAME, BUT WE KNOW AT LEAST THAT THE DOCUMENTS ARE, ARE IN THEIR HANDS AND, UH, BEFORE COUNSEL.

SO WE SHOULD KNOW SOMETHING VERY SOON.

UH, AS FAR AS THE COUNTY AND CITY AGREEMENT IS CONCERNED, THE CITY HAS HAD THAT FOR A WHILE NOW.

APPARENTLY, THEY, THEY MET AND TOOK IT UP THIS WEEK AT ONE OF THEIR MEETINGS, I THINK IN CLOSED SESSION.

IT WAS ON MONDAY.

I HAD A CONVERSATION THIS AFTERNOON WITH THEIR ATTORNEY, ATTORNEY, IAN PROUST.

HE INDICATES THEY'RE GONNA BE TAKING IT UP AGAIN ON JANUARY 5TH.

UM, THERE IS SOME LANGUAGE IN THE AGREEMENT THEY HAVE, UH, SOME CONCERNS ABOUT, BUT IT'S PRETTY MINOR STUFF.

UH, I'D RATHER NOT GET INTO THAT IN OPEN SESSION, BUT I THINK IT'S, FROM WHAT I'M TOLD, UH, HIS WORDS WERE, THE LEGALESE APPEARS TO BE OKAY.

BUT THERE ARE A COUPLE OF STICKING POINTS I THINK THAT ARE PRETTY MINOR WE'LL BE ABLE TO WORK OUT.

UM, SO WE SHOULD KNOW SOMETHING AFTER THE 5TH OF JANUARY FORMALLY FROM THEM AS WELL.

SO, UH, THE AGREEMENTS ARE, ARE OUT, UH, AND UNDER NEGOTIATION.

SO HOPEFULLY WE'LL HAVE SOME MORE MEANINGFUL UPDATES FOR YOU AS WE GET AFTER THE FIRST OF THE YEAR.

OKAY.

HAS THERE BEEN ANY FURTHER DISCUSSION ON THE 2 MILLION FROM THE STATE? THE, FROM WHAT I UNDERSTAND, WE DID SUBMIT THE GRANT APPLICATION.

WE HAVE NOT HEARD BACK OFFICIALLY UNLESS MR. DAHL HAS MORE UP TO DATE INFORMATION.

THANK YOU.

WE'RE GOOD.

THANK YOU.

THANK YOU.

UM, NEXT UP IS ITEM THREE B, THE HEART AND HOMESTEAD DOWN PAYMENT INCENTIVE IMPACT REPORT PRESENTATION AFTERNOON.

GOOD

[b. Heart & Homestead Down Payment Incentive Impact Report Presentation]

UM, SO WE'RE GOING TO BE PRESENTING THE, UM, IMPACT OF OUR HEART AND HOMESTEAD PROGRAM.

UM, UM, AS YOU KNOW, THIS IS A, A PROGRAM THAT'S CO-ADMINISTERED, UH, BETWEEN THE COMMUNITY DEVELOPMENT DEPARTMENT AND EDWC.

UM, SO FOR COMMUNITY DEVELOPMENT, IT'S MYSELF AND CAITLIN.

AND THEN OUR TEAM AT EDWC IS CHRISTIAN AND SARAH AND MELISSA AND LESLIE OVER THERE, .

UM, SO OUR TEAMS, UM, WORK TOGETHER, UM, IN THE DEVELOPMENT AND THE IMPLEMENTATION OF OUR HEART AND HOMESTEAD INCENTIVE, AND WE MAKE UP THE PROJECT MANAGEMENT TEAM THAT OVERSEES THE, THE IMPLEMENTATION OF THIS PROGRAM.

UM, YOU SHOULD HAVE GOTTEN A FULL REPORT OF THE IMPACT IN YOUR, UM, HANDOUTS, UM, SINCE THE LAUNCH.

OKAY, THERE WE GO.

UM,

[00:05:01]

UM, IT HAS BEEN DESIGNED TO REMOVE THE BARRIERS OF HOME OWNERSHIP, UM, AS WELL AS INCREASE CIVIC ENGAGEMENT.

UM, AND IT IS CLEAR THAT THE INCENTIVE HAS HAD A POSITIVE IMPACT ON NOT ONLY THE RECIPIENTS, BUT ALSO OUR PARTNERING AGENCIES.

UM, AND THAT REALLY DEMONSTRATES THE NEED, UH, FOR THE CONTINUATION OF THIS PROGRAM AS WELL AS, UH, FUNDING THIS PROGRAM.

UM, AS YOU KNOW, UH, THE QUALIFIED HOME BUYERS, UM, ARE PROVIDED UP TO $20,000, UM, AND THEY'RE ABLE TO EARN THAT INCENTIVE THROUGH, UM, VOLUNTEERING OR DONATING.

UH, WE LAUNCHED THE PROGRAM, UM, APRIL 4TH OF LAST YEAR.

UH, THE PROGRAM FUNDING, UM, WE STARTED WITH 2.5 MILLION.

UM, AND OF THAT, UM, ALMOST 400,000 WAS USED IN STARTUP COSTS, UM, WAS JUST OVER 2.1 MILLION, UM, FOR THE ACTUAL INCENTIVES.

AND SINCE THEN, WE'VE ADDED A MILLION, UM, THROUGH THE FUNDING PROCESS WITH THIS COMMITTEE AND THE COUNTY BOARD, UM, 500,000 IN 2024, AND THEN 500,000, UM, IN 2025.

SO I'M ACTUALLY GOING TO, UM, HAND, UH, THE PRESENTATION OVER TO KAITLYN AND SHE'S GOING TO, UM, DIVE INTO SOME OF THE DETAILS.

THANK YOU.

UM, SO THROUGH THE FIRST THREE FUNDING CYCLES, WE HAVE COLLECTED 226 APPLICATIONS OF WHICH 135 HAVE RECEIVED INCENTIVES.

YOU CAN SEE A BREAKDOWN OF THESE CYCLES IN THE TABLE SHOWN HERE.

THIS DATA INDICATES THAT AWARENESS AND UNDERSTANDING OF THE PROGRAM HAS INCREASED WITHIN THE HOME BUYING MARKET AS A RESULT OF IN, UH, TARGETED MARKETING EFFORTS AS WELL AS MORTGAGE LENDERS AND REAL ESTATE AGENTS SHARING ABOUT THE SUCCESS OF THE PROGRAM WITH THEIR CLIENTS, WHICH HAS RESULTED IN FUNDING BEING QUICKLY ALLOCATED.

UM, THE PROGRAM HAS A CONSISTENT AND GROWING WAITING LIST, WHICH IS DUE TO THE LIMITED FUNDING, OF COURSE, UM, BUT IS A CLEAR INDICATOR OF THE UNMET DEMAND QUESTION LOOKING YES.

UM, IT HAS NUMBER OF CLOSED INCENTIVES ON THE FAR YEP.

RIGHT? WHAT DOES THAT MEAN? SO THAT IS THE NUMBER OF PEOPLE FOR EACH OF THOSE APPLICATION ROUNDS THAT RECEIVED AN INCENTIVE DURING THAT ROUND THAT WERE ACCEPTED, THAT WERE AWARDED THE INCENTIVE.

SO THE NUMBER OF APPLICATIONS COLLECTED YOU'LL SEE THERE.

AND THEN ON THE NEXT SLIDE, WE'RE GONNA LOOK AT THOSE THAT WERE APPROVED.

UM, DECLINED, WITHDREW, OR EXPIRED.

THANK YOU.

YEP.

SO ON THIS SLIDE THEN, UM, YOU CAN SEE THE TOTAL APPLICATIONS THAT WE COLLECTED, UM, FROM THESE ROUNDS.

SO IF WE LOOK AT THE FAR RIGHT COLUMNS, WE SEE THAT 135 APPLICANTS CLOSED AND RECEIVED THE INCENTIVE TO PURCHASE A HOME.

72 APPLICANTS EXPIRED DUE TO NOT BEING A ABLE TO FIND A HOME WITHIN THE 90 DAY ALLOTTED TIMEFRAME TO RECEIVE AN ACCEPTED OFFER OR SONIC CONSTRUCTION CONTRACT.

SIX, APPLICANTS WERE DECLINED USUALLY DUE TO NOT PASSING THE CRIMINAL BACKGROUND CHECK OR NOT HAVING PRE-APPROVAL FROM A MORTGAGE LENDER AT THE TIME OF THEIR APPLICATION.

AND 13, APPLICANTS WITHDREW FROM THE PROGRAM TYPICALLY BECAUSE THEY NO LONGER INTENDED TO PURCHASE A HOME OR WERE NOT ABLE TO FIND ONE THAT MET THE PROGRAM REQUIREMENTS.

LOOKING AT THE HOME PURCHASE INFORMATION, RECIPIENTS MAY PURCHASE A HOME ANYWHERE IN WASHINGTON COUNTY, AS YOU CAN SEE AT, UH, THE MUNICIPALITIES LISTED HERE SO LONG AS IT WILL BE THEIR PRIMARY RESIDENCE AND BE OWNER OCCUPIED AND IS PURCHASED FOR LESS THAN $420,000.

THIS INCLUDES BOTH NEW AND EXISTING HOMES.

THE MEDIAN HOME SALE PRICE WAS $315,400.

WE ENGAGED BAKER TILLY TO PERFORM AN ANALYSIS OF DATA PROVIDED BY EDWC ON THE WORKFORCE ATTRACTION IMPACT OF THE PROGRAM.

THIS MAP SHOWS THAT THE MAJORITY OF THE 226 APPLICATIONS WERE RESIDING WITHIN WASHINGTON COUNTY WHEN THEY APPLIED FOR THE PROGRAM AM.

OF THE 135 RECIPIENTS THAT ACTUALLY RECEIVED A HART AND HOMESTEAD INCENTIVE, 66% RESIDED IN WASHINGTON COUNTY AT THE TIME OF SUBMITTING THEIR APPLICATION, WHILE 34% RESIDED IN OTHER COUNTIES.

THIS SET ILLUSTRATES HOW HART AND HOMESTEAD IS HELPING ATTRACT NEW RESIDENTS INTO THE COUNTY AND ENABLING THEM TO PUT DOWN ROOTS, WHILE ALSO ENABLING OUR CURRENT RESIDENTS TO REMAIN IN THE COMMUNITIES THAT THEY HAVE STRONG TIES TO.

[00:10:05]

THE NUMBER OF APPLICANTS WHO REPORTED OUT-OF-STATE EMPLOYERS WAS HIGHER COMPARED TO THOSE THAT REPORTED OUT-OF-STATE RESIDENTS INDICATING A LIKELIHOOD OF REMOTE WORKERS, ALTHOUGH THIS WAS NOT SPECIFIED IN THE AVAILABLE DATA.

OKAY, NOW DIVING INTO THE COMMUNITY INVOLVEMENT THAT WE'RE SEEING FROM OUR RECIPIENTS ON THIS CHART, WE SEE THE NUMBER OF RECIPIENTS IN THE PROGRAM SHOWN ON THE YELLOW LINE.

WE SEE THE NUMBER OF RECIPIENT HOUSEHOLDS TAKING PART IN VOLUNTEERING AND DONATING, SHOWN IN THE GREEN LINE, AND WE SEE THE TOTAL AMOUNT EARNED EACH QUARTER IN THE NAVY BARS.

BY Q2 OF 20 25, 65 HOUSEHOLDS HAD TAKEN PART IN VOLUNTEERING AND OR DONATING WITH PARTICIPATING AGENCIES DURING THAT SAME TIME PERIOD.

WE ALSO HAD 65 PARTICIPATING AGENCIES, WHICH OFFER A WIDE VARIETY OF VOLUNTEER AND DONATION OPPORTUNITIES FOR OUR RECIPIENTS TO BE INVOLVED WITH.

THIS SUGGESTS THAT MANY RECIPIENTS ARE GETTING INVOLVED WITH PARTICIPATING AGENCIES AND STARTING TO EARN THEIR INCENTIVE RIGHT AWAY, WHILE ALSO HIGHLIGHTING THAT RECIPIENTS DON'T FEEL PRESSURED TO GET INVOLVED RIGHT AWAY WHEN THEY MOVE INTO THEIR HOME IF THEIR SCHEDULES OR FINANCES DO NOT ALLOW.

DIGGING DEEPER INTO THE INCENTIVE EARNINGS, IT IS IMPORTANT TO NOTE THAT RECIPIENTS HAVE FIVE YEARS AFTER CLOSING ON THEIR HOME TO EARN THEIR INCENTIVE.

THEY CAN DO THIS THROUGH THEIR VOLUNTEERING, THEIR TIME FOR WHICH THEY CAN RECEIVE $25 IN INCENTIVE EARNING CREDIT FOR EVERY ONE HOUR THAT THEY VOLUNTEER, OR BY FINANCIALLY DONATING FOR WHICH THEY CAN RECEIVE 70 CENTS FOR EVERY $1 THAT THEY DONATE TO PARTICIPATING AGENCIES.

ANYONE IN THE HOME CAN CONTRIBUTE TO VOLUNTEER HOURS OR FINANCIAL DONATIONS, AND THEY CAN EARN THEIR INCENTIVE AS QUICKLY OR AS SLOWLY AS THEY WOULD LIKE SHOWN ON THIS CHART.

AS OF Q2 2025, 80% OF INCENTIVE EARNINGS HAVE BEEN GENERATED THROUGH VOLUNTEERING TOTALING 6,989 HOURS OF SERVICE.

THE REMAINING 20% CAME FROM FINANCIAL DONATIONS DIRECTLY TO PARTICIPATING AGENCIES EQUALING $62,467.

THIS BRINGS THE TOTAL AMOUNT EARNED BY JUNE 30TH TO $218,464.

THIS DATA SHOWS THAT RECIPIENTS ARE SELECTING THE EARNINGS METHOD, WHICH BEST MEETS THEIR HOUSEHOLD CIRCUMSTANCES.

FAMILIES THAT ARE ABLE TO VOLUNTEER CAN GET INVOLVED AS MUCH OR AS LITTLE AS THEY WOULD LIKE, AND FAMILIES THAT HAVE MORE LIMITED TIME CAN CHOOSE TO DONATE WHILE STILL EARNING THEIR INCENTIVE AT A PACE THAT REMAINS MANAGEABLE.

THE INFLUX OF NEW VOLUNTEERS AND DONORS IS HELPING OUR PARTICIPATING AGENCIES SERVE OUR RESIDENTS THROUGH THEIR MISSIONS AND PROGRAMS. IT'S TRULY A WIN-WIN FOR OUR PARTNERS IN PUBLIC SERVICE.

NOW, WE WANTED TO HAVE YOU, UM, HAVE THE OPPORTUNITY TO HEAR DIRECTLY FROM A FEW OF OUR PARTICIPATING AGENCIES, UM, ON THE IMPACT THAT THE PROGRAM IS HAVING FOR THEIR ORGANIZATIONS.

THIS IS ONE OF THE VIDEOS THAT WE ENLISTED EPIC CREATIVE TO HELP US PRODUCE THIS SUMMER.

THE WASHINGTON COUNTY HEART AND HOMESTEAD PROGRAM IS A WONDERFUL PATHWAY TO OWNING A HOME WHERE PEOPLE CAN APPLY TO RECEIVE A $20,000 GRANT THAT HELPS YOU WITH YOUR DOWN PAYMENT ON A PURCHASE OF A NEW HOME.

AND IN EXCHANGE FOR THAT DOWN PAYMENT, THEY VOLUNTEER THOSE HOURS WITH A LOCAL NONPROFIT TO OFFSET THAT MONEY, OR YOU GET CREDIT FOR CHARITABLE DONATIONS TO APPROVED ORGANIZATIONS.

IT ALSO PROVIDES US WITH MORE VOLUNTEERS, AND WE'RE ALWAYS IN NEED OF MORE VOLUNTEERS.

UM, SO A MATCH MADE IN HEAVEN, , WE NEED EMTS.

WE NEED FIREFIGHTERS, PEOPLE THAT DRIVE THE TRUCKS, ALL DIFFERENT, UH, TYPES OF PEOPLE.

WE DO NEED VOLUNTEERS.

WE CURRENTLY HAVE OUR VACATION DAY CAMP GOING ON.

ANYBODY THAT'S IN OUR CHURCH CAN BE SERVE AS USHERS HELP AND WORSHIP SERVICES WITH SINGING, PLAYING PIANO MUSICAL INSTRUMENTS.

STAFFING IS THE BIGGEST THING THAT WE'RE GETTING OUT OF IT, WHICH IS SOMETHING THAT WE, WE DESPERATELY NEED.

THE COUNTY DOES A LOT OF THE WORK, HONESTLY.

THEY HAVE A REALLY GOOD SYSTEM, AND THE COUNTY HAS A GREAT WEBSITE, SO EVERYTHING'S DIGITIZED.

WE GOT SOME EMAILS FROM THE COUNTY SAYING, YOU KNOW, HERE'S SOME CONTENT INFORMATION THEY MIGHT BE INTERESTED IN JOINING IT.

SO WE'RE ABLE TO START THAT DIALOGUE AND CONNECT AND GET APPLICATIONS AND INTERVIEWS SCHEDULED AND THINGS LIKE THAT.

AND, UH, IT'S BEEN A ALMOST A RECRUITMENT TOOL.

I GET A LOG OF THEIR HOURS EVERY FEW WEEKS THAT I GO IN AND APPROVE THEIR VOLUNTEER HOURS.

AND SO IT'S NICE TO SEE WHEN THEY ARE INVOLVED AND SEE WHAT THEY'RE WORKING ON AND DOING.

AND ALSO WHEN THEIR DONATIONS COME THROUGH, THEN IT'S THAT APPROVAL AS WELL.

SO IT'S, IT'S A PRETTY SIMPLE PROGRAM FOR US.

UM, I FEEL LIKE WE GAIN A LOT OUT OF IT, SO GO FOR IT.

I WOULD SAY THERE'S NO REASON TO NOT DO IT, THAT IT, IT DOESN'T INTERFERE IN YOUR MINISTRY IN ANY NEGATIVE WAY, AND IT IS NOTHING BUT, UH, A BLESSING, A BLESSING FOR THE, THE INDIVIDUALS WHO ARE RECIPIENTS OF THE INCENTIVE, BUT ALSO FOR THE, THE ORGANIZATION AS WELL.

WE'RE DEFINITELY HOPE.

THE RELATIONSHIP WITH

[00:15:01]

THAT'S A WONDERFUL PARTNERSHIP.

IT'S BEEN WONDERFUL WORKING WITH WASHINGTON COUNTY AND TO BRING IN MORE VOLUNTEERS IS A WIN-WIN.

WE'RE GETTING TO HELP US SUCCEED.

THEY'RE GETTING THE INCENTIVE FOR, FOR THEIR HOUSE TO PUT A DOWN PAYMENT ON THEIR HOUSE, WHICH IS A WIN-WIN FOR EVERYONE.

PART OF THE AMERICAN DREAM IS HOME OWNERSHIP AND WHAT A BLESSING IT IS THAT HERE IN WASHINGTON COUNTY, THAT AMERICAN DREAM IS ALIVE BECAUSE OF THE HEART AND HOMESTEAD PROGRAM.

WE WANTED TO INVITE ONE OF OUR RECIPIENTS TO SHARE HER FAMILY'S STORY OF HOW HAR AND HOMESTEAD, HOW THEM PURCHASE A NEW HOME, AND HOW THEY ARE NOW GIVING BACK TO THE WASHINGTON COUNTY COMMUNITY AT RECORD PACE.

TO DATE, STEPHANIE AND HER FAMILY HAVE VOLUNTEERED OVER 400 HOURS WITH 17 DIFFERENT PARTICIPATING AGENCIES ACROSS WASHINGTON COUNTY, AND THAT IS JUST SINCE JANUARY OF 2025.

SHE'S HERE TO SHARE HOW THE PROGRAM HAS IMPACTED THEIR LIVES AND WHAT COMMUNITY INVOLVEMENT MEANS TO HER.

HELLO EVERYONE.

THANK YOU FOR THE OPPORTUNITY TO SPEAK TODAY.

MY NAME IS STEPHANIE AND I AM AN INCREDIBLY PROUD RECIPIENT OF THE HEART AND HOME CENTER.

I'M HEART AND HOMESTEAD INCENTIVE.

I'M GRATEFUL FOR THE CHANCE TO SHARE A SHORT VERSION OF MY STORY AND THE IMPACT THIS PROGRAM HAS MADE ON MY LIFE.

BEFORE HEART AND HOMESTEAD, MY LIFE LOOKED VERY DIFFERENT.

IN APRIL OF 2022, I MOVED TO WEST BEND, NEWLY SEPARATED AND UNSETTLED.

I WAS DOING MY BEST TO FIND STABILITY, BUT DIDN'T YET FEEL ROOTED OR TRULY CONNECTED AS THE COMMUNITY I'D LEFT PREVIOUSLY.

I HAD BEEN SETTLED IN FOR OVER 20 YEARS.

ON NOVEMBER 5TH, WHILE VOLUNTARILY SERVING MY CIVIC DUTY AT THE POLLS HERE IN WEST BEND, I MET ANOTHER HEART AND HOMESTEAD RECIPIENT.

THAT BRIEF CONVERSATION PLANTED A SEED.

A FEW DAYS LATER, I SUBMITTED MY HEART AND HOMESTEAD APPLICATION, HOPEFUL BUT REALISTIC.

ON NOVEMBER 19TH, I RECEIVED A LATE EVENING PHONE CALL FROM LESLIE.

I BURST INTO TEARS, NOT BECAUSE I EXPECTED GOOD NEWS, BUT BECAUSE I TRULY DIDN'T THINK THE OPPORTUNITY WOULD HAPPEN.

THAT MOMENT CHANGED EVERYTHING.

I WAS APPROVED, SORRY.

BY THE END OF NOVEMBER, I WAS HOUSE SHOPPING, AN EXPERIENCE I WOULD DESCRIBE AS HUMBLING AND OCCASIONALLY PAINFUL, BUT WITH A LITTLE LAUGHTER MIXED IN.

ON DECEMBER 6TH, AN OFFER WAS SUBMITTED AND TWO DAYS LATER, IT WAS ACCEPTED.

ON JANUARY 24TH, I CLOSED ON MY FIRST HOME IN KIOWAS, ASK HIM.

BY THE END OF FEBRUARY, I MET WITH KAITLYN, WHO HAS BEEN ABSOLUTELY AMAZING.

SHE WALKED ME THROUGH THE VOLUNTEER PORTAL AND ALL THE DETAILS ABOUT THE EXTENSIVE LIST OF NONPROFITS.

LATER ON MARCH 14TH, MY FAMILY LOGGED OUR FIRST OFFICIAL VOLUNTEER DAY.

MY SON AND MY BOYFRIEND AND I SERVED PI AT THE LOCAL KIOSKI LIBRARY.

NOW, NINE MONTHS IN, THE IMPACT HAS BEEN PROFOUND.

WE'VE BUILT MEANINGFUL RELATIONSHIPS, DISCOVERED NONPROFITS WE DIDN'T KNOW EXISTED, AND SERVED OUR NEIGHBORS IN WAYS THAT HAVE HELPED US CLARIFY WHAT TRULY MATTERS TO US.

WE'VE BEEN PERSONALLY REQUESTED BY LEADERSHIP WITHIN SEVERAL ORGANIZATIONS, AND WE TAKE GREAT PRIDE IN SHOWING UP CONSISTENTLY AND MAKING A REAL IMPACT.

AS MENTIONED, WE VOLUNTEERED WITH 17 DIFFERENT ORGANIZATIONS, LOGGED OVER A HUNDRED SERVICE ENTRIES, AND COMPLETED MORE THAN 400 HOURS, TOTALING $10,062 AND 52 CENTS OR 50 CENTS AS OF DECEMBER 15TH.

BUT MORE THAN THE NUMBERS, HEART AND HOMESTEAD GAVE US SOMETHING PRICELESS.

IT'S A BELONGING.

WE'VE MADE FRIENDS AND FOUND PURPOSE RIGHT ALONGSIDE THEM.

I'VE ALWAYS SAID TO MY SON, WHO WAS NOW IN HIS LAST YEAR OF COLLEGE, DO GOOD, BE GOOD.

I'VE TRIED TO LEAD WITH THAT EXAMPLE, AND I'M VERY PROUD TO SHOW THAT HARD WORK DOES PAY OFF.

I'VE BEEN AN ACTIVE VOLUNTEER IN VARIOUS ROLES FOR MORE THAN 20 YEARS PRIOR TO THIS PROGRAM.

AND EVERY SINGLE HOUR MATTERED.

I REMAIN GRATEFUL FOR THE MANY RELATIONSHIPS AND MEMORIES THOSE HOURS HAVE GIVEN ME AND LOOK FORWARD TO MANY MORE.

THANK YOU FOR BELIEVING IN THIS PROGRAM AND BELIEVING FOR IN PEOPLE LIKE ME.

THANK YOU.

THANK YOU.

THANK YOU, STEPHANIE.

OH, THAT WAS VERY MOVING , AND THAT'S, AND WE'VE HEARD, UM, FROM STEPHANIE TODAY, BUT THERE'S A LOT OF VERY SIMILAR, UH, VERY MOVING EMOTIONAL, UM, STORIES THAT HAVE COME OUT OF HEART AND HOMESTEAD AND WHAT WE HAVE SET OUT TO DO WITH THE GOAL OF ACHIEVING, UM, THAT AMERICAN DREAM HAS HAPPENED.

WE HAVE BEEN SUCCESSFUL AND WE HAVE CREATED AN OPPORTUNITY FOR SO MANY INDIVIDUALS AND FAMILIES, UM, TO HAVE A HOME, GET INTO THEIR FIRST HOME THAT THEY WOULD NOT HAVE BEEN ABLE TO DO THAT WITHOUT THE SUCCESS OF, UH, THE COUNTY AND CREATING THIS HEART AND HOMESTEAD

[00:20:01]

SO I THINK THAT WE ALL NEED TO, UM, BE PROUD OF OURSELVES THAT WE HAVE ACCOMPLISHED WHAT WE HAVE SET OUT TO ACCOMPLISH, AND IT HAS BEEN, UH, SUCH AN EXTREMELY, UM, SUCCESSFUL PROGRAM OVERALL.

UM, THE LAST COUPLE OF SLIDES, UM, I JUST WANTED TO GO OVER A LITTLE BIT OF HOW, UM, BECAUSE AS A PROJECT MANAGEMENT TEAM, UM, WE ARE ALWAYS TRYING TO MAKE IMPROVEMENTS TO THIS PROGRAM.

UM, PRIOR TO LAUNCHING THE PROGRAM IN 2024, UM, WE PROVIDED LENDER TRAINING TO REAL ESTATE AGENTS AND LENDERS AND TITLE COMPANIES TO ENSURE THAT THEY UNDERSTOOD, UM, ALL THE DETAILS BEHIND THE APPLICATION AND THE PROCESS, UM, THAT WE CREATED, UH, DETAILED WEBSITES, UM, THE EDWC APPLICATION PORTAL, UM, THE COUNTY WEBSITE, AND THE THE BEHIND THE SCENES PORTAL FOR THE EARNINGS.

UM, WE ENGAGED EPIC CREATIVE IN A VERY ROBUST MARKETING CAMPAIGN TO ENSURE EVERYONE UNDERSTOOD, UM, WHAT THIS PROGRAM IS ABOUT.

IT'S A ONE OF A KIND PROGRAM, UM, IN THE NATION, AND IT'S, UH, IT'S NEW AND WE WANTED TO MAKE SURE EVERYONE UNDERSTOOD, UH, THE DETAILS OF IT.

UM, EDWC CREATED A VERY SECURE APPLICATION PORTAL, UH, TO STREAMLINE THE PROCESS AND WAS MAKING REAL TIME UPDATES TO THAT AS THE APPLICATIONS WERE COMING IN.

UM, THEY HIRED A THIRD PARTY TO DO THE BACKGROUND CHECKS TO GET A QUICK TURNAROUND ON THAT.

UM, WE ALIGNED THE APPLICATION CYCLES, UH, WITH MARKET CONDITIONS TO ENSURE THAT, UM, LIKE THE, WHEN WE OPENED IT IN EARLY 2025, WE WERE COORDINATING AND ASKED, UM, TO, UH, TALK TO SOME REAL ESTATE AGENTS TO COORDINATE WHEN IS THE BEST TIME TO BE LAUNCHING THIS IN RELATIONSHIP TO WHEN PEOPLE ARE STARTING TO LOOK FOR HOMES.

UM, AND THEN WE ALSO ESTABLISH THIS 30 DAY WINDOW, UM, BETWEEN WHEN WE ANNOUNCE THE PROGRAM TO OPENING THE APPLICATION PORTAL JUST TO ENSURE THAT THOSE THAT ARE INTERESTED IN IT HAVE AN AMPLE OPPORTUNITY TO WORK WITH THEIR LENDERS AND REAL ESTATE AGENTS TO GET ALL OF THEIR APPLICATION MATERIALS TOGETHER.

BECAUSE AS YOU'VE SEEN FROM A PREVIOUS SLIDE, UM, THE TIME THAT THE, UH, APPLICATION PORTAL IS OPEN, UM, IS DECREASING BECAUSE THERE'S SO MUCH INTEREST IN SUCH HIGH DEMAND, UM, THAT THE PORTAL IS CLOSING VERY QUICKLY WITH THE NUMBER OF APPLICATIONS THAT WE CAN ACCEPT.

UM, BUT WE'RE ALSO LOOKING TO THE FUTURE ON WAYS THAT WE CAN IMPROVE THIS PROGRAM.

UM, AS YOU KNOW THAT THE FUNDING, UM, IS LIMITED, UM, AND THE APPLICATION PORTAL IS, IS CLOSING QUICKLY WHEN WE OPEN IT.

UH, THE DEMAND FAR OUTWEIGHS, UM, THE AVAILABLE FUNDS.

UM, ONE OF THE THINGS THAT WE ARE GONNA BE LOOKING AT AND YOU'LL BE HEARING IN THE FUTURE MONTHS, UM, IS AN OVERALL LONG-TERM FUNDING STRATEGY.

UM, WE'LL BE PRESENTING, UM, UH, IN THE FIRST QUARTER OF NEXT YEAR, UH, TO THIS COMMITTEE.

UM, WE ALSO WANNA LOOK AT DEPLOYING ALL THE FUNDS FOR EACH APPLICATION ROUND.

UM, THAT IS ACTUALLY THE NEXT THING ON THE AGENDA THAT I'LL TALK ABOUT.

AND THEN ALSO JUST THE CONTINUED EVALUATION OF THE PROGRAM IMPACTS.

SO, UH, THAT'S A VERY QUICK, UH, REVIEW OF THE IMPACT OF HEART AND HOMESTEAD.

IF YOU HAVE ANY QUESTIONS FOR MYSELF OR KAITLYN OR, UM, CHRISTIAN AND HIS EDWC TEAM, UM, WE'LL BE HAPPY TO ANSWER THEM.

SUPERVISOR SHARIN.

THANK YOU CHAIRMAN.

JUST ONE QUICK QUESTION IS, UM, WITH ALL THE VOLUNTEERING TIME, HAS ANYBODY FALLEN BEHIND OR HAS EVERYBODY BEEN PRETTY MUCH KEEPING UP WITH, YOU KNOW, YOU SAID IT WAS A FIVE YEAR WINDOW TO PAY IT OFF, RIGHT? IT'S A FIVE, IT'S A FIVE YEAR WINDOW.

YEAH.

SOUNDS LIKE EVERYBODY'S AHEAD.

YEAH, THERE'S A LOT OF PEOPLE AHEAD AND IT'S REALLY UP TO EACH INDIVIDUAL TO DETERMINE WHEN THEY START THAT PROCESS AND HOW QUICKLY THEY, UH, WILL COMPLETE IT.

OR IF THEY DECIDE IF THEY HAPPEN TO SELL THEIR HOME OR, UM, SOMETHING COMES UP WHERE THEY DON'T COMPLETE IT.

IT'S VERY INDIVIDUAL.

YEAH.

OKAY.

THANK YOU SUPERVISOR KELLY.

THANK YOU, MR. CHAIRMAN.

UM, KIND OF REMINDED OF THE PHILOSOPHICAL STATEMENT THAT IF YOU GIVE A MAN A FISH, HE EATS FOR A DAY.

BUT IF YOU TEACH A MAN A FISH, THEN HE EATS FOR A LIFETIME.

AND I THINK THAT KIND OF APPLIES TO THIS PROGRAM.

UH, CERTAINLY THIS COUNTY HAS BEEN FORWARD THINKING IN A LOT OF THE THINGS THAT WE DO.

WE DO THINGS DIFFERENT.

AND I THINK THIS IS AN EXCELLENT EXAMPLE.

WE COULD JUST GIVE MONEY TO PEOPLE TO INVEST IN WASHINGTON COUNTY.

WE CAN JUST GIVE MONEY TO OUR VOLUNTEER ORGANIZATIONS, BUT THAT WOULDN'T BE OUR WAY.

INSTEAD, WE'VE ACTUALLY QUADRUPLED THAT MONEY.

WE, WE'VE SHOWED VOLUNTEERISM, WE'VE BROUGHT PEOPLE INTO OUR COMMUNITY THAT HAVE NOW BECOME A PART OF THAT COMMUNITY.

MM-HMM .

SO I THINK IT'S AN OUTSTANDING PROGRAM BEING ADMINISTERED IN AN OUTSTANDING WAY BY MS.

[00:25:01]

UH, I'D LIKE TO COMMEND YOU FOR THAT.

UH, I, I JUST CAN'T SAY ENOUGH ABOUT THIS PROGRAM.

MM-HMM .

YEAH.

UH, 'CAUSE IT ACCOMPLISHES TACKLING SO MANY ISSUES THAT WE FACE THESE DAYS IN ONE PROGRAM.

MM-HMM .

SO THANK YOU FOR YOUR HARD WORK AND YOUR DEDICATION.

I, I APPRECIATE THAT.

BUT I ALSO WANNA MAKE SURE YOU UNDERSTAND IT'S THE FULL TEAM THAT'S, IT'S THE FULL TEAM THAT IT SHOULD BE ACKNOWLEDGED.

THAT'S WHY I SAID THE TEAM , BUT THANK YOU.

YOUR TEAM SHOULD BE VERY PROUD OF THESE ACCOMPLISHMENTS.

YES.

MUST BE NICE TO COME TO WORK EACH DAY KNOWING YOU'RE MAKING A BIG DIFFERENCE IN PEOPLE'S LIVES.

YEP.

YEAH.

UM, LOOKING AT THE, THE NUMBERS, IT'S PRETTY INTERESTING THAT THE FIRST TIME AROUND IT TOOK 32 DAYS TO FILL ALL THE APPLICATIONS.

THEN IT FILLED THE 19 DAYS AND THERE WERE A FEW LESS, BUT LESS THAN TWO HOURS THE THIRD TIME AROUND.

RIGHT.

SO CLEARLY THIS PROGRAM IS GAINING MOMENTUM, VERY POPULAR, AND, UM, GOOD WORK.

GOOD.

THANK YOU.

SO WE DON'T NEED A VOTE ON THIS, DO WE? NO, THERE'S NO VOTE.

THANKS FOR THE INFORMATION.

OUR NEXT ITEM IS ALSO YOU, THE HEART AND HOMESTEAD DOWN PAYMENT INCENTIVE FUND OPTIMIZATION MODEL REQUEST.

YEP.

UM, JUST GIMME A SECOND TO SWITCH

[c. Heart & Homestead Down Payment Incentive Fund Optimization Model Request]

ALRIGHT.

UM, SO I'M GONNA MAKE THIS RELATIVELY QUICK SINCE WE JUST HAD THE PRESENTATION ABOUT HEART AND HOMESTEAD.

UM, BUT ESSENTIALLY, UH, OF THE 250 APPLICATIONS THAT WERE COLLECTED IN THE PA IN THE PAST FOUR, UH, FUNDING CYCLES, UM, 150 OF THOSE HAVE RECEIVED, UM, THE INCENTIVE OF THE 99, UM, APPLICATIONS THAT DID NOT RECEIVE THE INCENTIVE.

ABOUT 31%, UM, HAD THEIR APPROVAL EXPIRE OVER THE 90 DAY ALLOTTED TIMEFRAME.

UM, TO ENSURE THE CONSISTENT FULL UTILIZATION OF THE PROGRAM FUNDS, IT'S REALLY IDEAL, UH, THAT A CERTAIN NUMBER OF ADDITIONAL APPLICATIONS BE COLLECTED, EACH ONE OF THOSE FUNDING CYCLES.

UM, AND THAT'LL HELP OFFSET THE NUMBER OF APPLICATIONS THAT EXPIRE.

IT'S KIND OF A, LIKE AN OVER-PRESCRIPTION, UM, OF THIS.

AND IT WOULD ALLOW THE FULL UTILIZATION, UM, OF THE ALLOCATED FUNDING FOR EVERY APPLICATION CYCLE.

UM, SO I PUT TOGETHER A, AN EXAMPLE OF HOW THIS WOULD WORK.

UM, BUT ESSENTIALLY WE WOULD HAVE, UM, ADDITIONAL APPLICATIONS THAT ARE, UM, ALLOWED, UM, PER APPLICATION CYCLE.

UM, ANTICIPATING THAT, THAT THAT 30% THAT EXPIRE, UM, WOULD OFFSET THOSE ADDITIONAL APPLICATIONS IF IT ARISES THAT WE DO NEED TO UTILIZE THE FUNDS, WE WOULD, UH, BORROW THE FUNDS FROM THE FOLLOWING YEAR.

SO LET'S SAY FOR INSTANCE, IN 2026, UM, WE TAKE A TOTAL OF 33 APPLICATIONS, ANTICIPATING THAT 26 WILL ULTIMATELY, UM, BE FUNDED AND WILL BE RECIPIENTS.

UM, IF WE GO BEYOND THAT 26, THEN WE WOULD JUST BORROW THOSE FUNDS FROM THE 2027 ALLOCATION.

AND THEN THE 27 ALLOCATION WOULD JUST BE REDUCED BY THAT SAME AMOUNT.

UM, BUT PRIOR TO EACH ONE OF THE FUNDING CYCLES, UM, THE PROJECT MANAGEMENT TEAM, MYSELF, A DWC, UM, WE WILL WORK TOGETHER AND DETERMINE WHAT IS THAT APPROPRIATE NUMBER.

SO I DON'T HAVE A SPECIFIC NUMBER, UM, PER CYCLE.

UM, IT'S REALLY, WE PROBABLY WOULD STAY WITHIN THAT ABOUT 30, 25, 30%, UM, EXTRA APPLICATIONS FOR EACH FUNDING CYCLE.

UM, DO YOU HAVE ANY QUESTIONS? FIRST OF ALL, IS THIS AN ISSUE? YOU NEED A MOTION ON AND APPROVAL? YES.

A MOTION.

MOTION BY SUPERVISOR KEL, SECOND BY SUPERVISOR SHARUN.

AND I HAVE A QUESTION.

, NOW YOU MAY PROCEED WITH YOUR QUESTION.

THANK YOU, MR. CHAIRMAN.

UH, SO BASICALLY, I GUESS IF I'M READING YOU RIGHT AND I JUST WANT TO GET CONFIRMATION ON THIS, UM, YOU'RE TRYING TO OVER THE AMOUNT OF APPLICATION TO ALLOW FOR THE SHRINK.

CORRECT.

AND, UM, AND THEN READJUST IT.

SO I WOULD THINK THAT EACH TERM YOU WOULD HAVE TO REEVALUATE IT WOULDN'T BE A SET NUMBER.

CORRECT.

'CAUSE IF YOU END UP GOING OVER, THEN THE NEXT TIME YOU'D HAVE TO CUT MM-HMM .

PROBABLY A FEW.

YES.

WE WANT, WE WANT SOME FLEXIBILITY TO, TO DETERMINE WHAT IS THE RIGHT AMOUNT EACH FUNDING CYCLE.

SO I ASSUME THEN, THEN THAT WOULD ALSO PROBABLY BE DRIVEN BY THE HOUSING MARKET.

UM, IT'S PROBABLY WOULD BE DRIVEN MORE BY, UM, THE AMOUNT OF FUNDS THAT ARE AVAILABLE AND, UM, THE NUMBER OF, UH, THOSE THAT

[00:30:01]

SO TO SOME EXTENT, YES.

IT, IT DEFINITELY COULD.

UM, IF WE CONTINUE, UM, ON THE TRACK THAT WE'RE CONTINUING, THERE AREN'T, UH, NECESSARILY THOSE, UM, ACCEPTED APPLICATIONS.

UM, WEREN'T THOSE 30%, WERE NOT ABLE TO SECURE EITHER A, A CONTRACT TO BUILD A HOME OR AN OFFER TO PURCHASE.

SO, UM, THAT 30% MAY GO UP, IT MAY GO DOWN AND THAT MAY INFLUENCE THE FOLLOWING CYCLE ON HOW MANY WE ALLOW OUT THERE.

SO LET'S SAY IF THAT PERCENTAGE GOES UP, THEN WE MAY HAVE A, AN INCREASED NUMBER OF APPLICATIONS, UM, THAT WE ADD THE FOLLOWING CYCLE.

I THINK, 'CAUSE I SEE IT AS INVENTORIES, UH, SEEM TO BE PROBABLY YOUR BIGGEST CHALLENGE.

MM-HMM .

UH, BECAUSE MOST OF THEM ARE EXPIRING BECAUSE THEY JUST CAN'T FIND A HOUSE.

RIGHT.

WHICH IS THE REASON FOR THE PROGRAM IN THE FIRST PLACE, RIGHT? MM-HMM .

UM, SO I'M JUST CURIOUS TO SEE, AND I GUESS I'LL JUST HAVE TO WATCH MM-HMM .

HOW INVENTORIES CAN KIND OF FIGURE INTO THIS.

YEP.

YOU KNOW, PERHAPS WE'LL TOUCH BASE AT A FUTURE TIME ABOUT THAT.

THANK YOU.

YEP.

UM, I HAVE ONE QUESTION, WELL, A COUPLE, BUT, UM, I SEE OUR MONEY GUY AARON, NODDING AS WE GO HERE.

SO THAT'S THE MAIN QUESTION IS CAN WE DO THIS ? IS IT, YEAH.

I MEAN, I, I THINK, YOU KNOW, IN, IN LOOKING AT SOME OF THESE NUMBERS, WE'RE TALKING TENS MAYBE A HUNDRED THOUSAND IN, IN MAYBE RISK, I GUESS WHAT WE WOULD CALL IT.

UM, BUT AS YOU KNOW, THE COUNTY SITS ON A, A HEALTHY FUND BALANCE AND A EVEN HEALTHIER CASH POSITION ON A REGULAR BASIS.

SO WE CAN, WE CAN SWING IT.

UM, AND, AND, UM, I, I JUST THINK IT'S A, A RECORD KEEPING ISSUE THEN AT THAT POINT.

OKAY.

AND THEN THE, AS I AM THE GUINEA PIG THAT GETS TO GO TO A LOT OF THESE CLOSINGS AND I CAN RECALL A COUPLE THAT THE, THEIR 90 DAYS RAN OUT AND THEN THEY REAPPLIED AND GOT IN AND ENDED UP GETTING A HOUSE.

MM-HMM .

SO IT SPEAKS TO THE SUCCESS OF THE PROGRAM AGAIN.

UM, BUT OBVIOUSLY THERE HAVE TO BE GUIDELINES AND, UM, I THINK YOU'RE DOING A GOOD JOB ADMINISTRATING ADMINISTERING IT FROM WHAT I'VE SEEN.

SO.

ALRIGHT.

THANK YOU MR. SCHWAB.

THANK YOU, SIR.

UM, I THINK IT'S A GOOD IDEA TO, TO MAKE SURE THAT WE HAVE APPLICATIONS, UM, READY TO GO IN CASE SOME PRIOR APPLICATIONS FALL THROUGH.

BUT DURING OUR BUDGET PROCESS, I WAS OPPOSED TO PRE-TAX AND FOR MONEY THAT WE WERE GOING TO SPEND IN 2027.

I DIDN'T, I DIDN'T THINK THAT WAS A GOOD THING TO DO.

NOR DO I THINK IT'S A GOOD THING TO PRESPEN 2027 ALLOTMENTS OF DOLLARS.

I WOULD RATHER, UM, GO UP TO THE AMOUNT OF APPLICATIONS THAT WE HAVE MONEY FOR AND STOP THERE.

OBVIOUSLY PEOPLE HAVE BEEN CUT SHORT ON APPLICATIONS BECAUSE TOO MANY APPLICATIONS THAT, OR, YOU KNOW, THEY JUST DIDN'T GET THEIR APPLICATION IN, IN TIME.

AND I WOULD SEE THIS AS ONE OF THOSE SITUATIONS, YEAH, YOU CAN APPLY, BUT LIKE AT MANY JOBS, JUST BECAUSE YOU APPLY DOESN'T MEAN YOU GET IT.

I'M OPPOSED TO, I LIKE THE IDEA OF EXPANDING THE AVAILABLE POOL OF APPLICATIONS.

I DON'T LIKE THE IDEA OF SPENDING MONEY BEFORE IT'S ACTUALLY BEEN ALLOCATED FOR THE PURPOSE.

I THINK, I THINK THAT THE CRUX OF THE ISSUE THOUGH IS THAT IF WE DO EXPEND, IF WE DO EXPAND THE NUMBER OF APPLICATIONS THAT ARE OUT THERE, IF, IF THE MARKET GOES NUTS AND LET'S SAY EVERYONE EITHER GETS AN OFFER, A PURCHASE, OR A CONSTRUCTION CONTRACT, WE WILL NOT HAVE THOSE FUNDS.

SO THIS WAS A, A SAFEGUARD, UM, TO BORROW ONLY IF NEEDED.

I MEAN, IF THIS 30% WITHDRAWAL CONTINUES, I MEAN, THIS IS WHAT WE HAVE SEEN OVER THE LAST FOUR FUNDING CYCLES.

IF THAT CONTINUES, WE, WE WILL NEVER HAVE TO BORROW THOSE FUNDS.

AND IF WE DO, IT MAY ONLY BE ONE OR TWO OF THOSE, UM, UH, INCENTIVES.

UM, SO THE, THE GOAL HERE IS THAT WE ARE FULLY UTILIZING THE FUNDS THAT WE HAVE VERSUS LEAVING FUNDS IN THE POT, HAVING TO WAIT FOR THE NEXT FUNDING CYCLE.

SO THAT BEGS THE OBVIOUS QUESTION, IF WE HAVE 500,000 ALLOTTED FOR THIS FUNDING CYCLE AND WE ONLY SPEND 450,000, DOES THAT 50,000 ROLL OVER INTO THE NEXT CYCLE? IT DOES.

OKAY.

IT DOES.

AND IT HAS SUPERVISOR KELLY, SO, AS I UNDERSTAND IT, MR. CHAIRMAN, UM, AND I LIKE

[00:35:01]

THE WHOLE IDEA OF THIS PROGRAM IS TO GET PEOPLE INTO HOUSES IS TO GET PEOPLE HERE.

UM, AND WE WANT THIS PROGRAM TO BE AS EFFICIENT AS POSSIBLE.

UM, BY DOING THIS PLAN, THIS WILL IMPROVE THE EFFICIENCY.

MM-HMM .

AND WITH MINIMAL RISK.

I MEAN, IF YOU'RE GOING OVER, YOU'RE PROBABLY NOT GOING OVER BY MUCH.

'CAUSE IF YOU CHECK THE CHARTS, YOU WILL SEE THAT 30% SEEMS TO BE ABOUT RIGHT.

SO WE KIND OF KNOW WHERE WE'RE COMING UP SHORT.

SO IF WE CAN UTILIZE A LITTLE BIT OF RIDGE, IT WILL MAKE SURE THAT WE'RE ALLOTTING ALL THE MONEY AND NOT JUST HANGING ONTO IT UNNECESSARILY SO THAT WE CAN CONTINUE TO MOVE THIS PROGRAM AT A GOOD RATE OF SPEED THE WAY IT WAS INTENDED.

MM-HMM .

THANK YOU SIR.

THANK YOU.

ANY FURTHER COMMENTS OR DISCUSSION? I'M GOOD THERE.

BEING NONE.

WE'LL VOTE.

ALL IN FAVOR SAY AYE.

AYE.

AYE.

ANY OPPOSED? PASSES.

WE'LL CARRY IT ON TO THE FULL BOARD.

UM, THIS WASN'T GONNA GO TO THE FULL BOARD.

THIS JUST, OR IS THIS THIS COMMITTEE? IT'S, YEAH, THIS IS JUST, IT'S JUST THIS COMMITTEE.

JUST THE EXECUTIVE COMMITTEE.

OKAY.

THANK YOU.

ALRIGHT, THANK YOU.

NEXT UP IS OUR ANNUAL E-D-W-C-R-L-F PORTFOLIO REVIEW.

UM, THE PRESENTATION WILL BEGIN,

[d. Annual EDWC RLF Portfolio Review – Presentation]

ONE OF OUR FEW CU UH, ONE OF OUR, UH, BORROWERS.

RIGHT.

UH, EXACTLY.

ALRIGHT.

NOW, IN THE PAST WE HAD A BIT OF A CHALLENGE WITH GETTING THIS ON YOUR SCREEN.

THERE ARE, WE STILL MAYBE WANT TO INVEST IN A NEW LAPTOP THERE.

EVERYBODY ELSE DIDN'T HAVE A, IT'S 20 YEARS OLD LAST TIME IT DIDN'T WORK, SO.

NOPE, NOPE.

SO I'VE GOT A BACKUP, WHICH IS, ARE YOU WORKING FROM THAT PACKET OR, UM, THERE'S MORE THAN JUST THE PACKET IN THERE.

IS THERE A CORPORATE LAPTOP OR, I CAN'T REMEMBER WHAT OUR WORKAROUND WAS ON THAT.

I NEED A, I DON'T HAVE MINE.

YOU DON'T HAVE A PIGTAIL? I HAVE THE SAME ADAPTER AS I NEED.

THE SAME ADAPTER.

OR AGAIN, .

I DUNNO.

WELL, WE'RE ABOUT TO FIND OUT IF IT'S THE ADAPTER, THEN , LET'S SEE.

USE THIS.

MM-HMM .

LET'S SEE.

AM I ABLE TO GIVE THIS TO, IT'S GOT THE PRESENTATION ON IT.

IS THERE? I CAN PULL IT UP IN MY PACKET.

IT'S DIFFERENT.

YOU SAID IT'S D IT'S, UH, GOT MORE 'CAUSE THERE'S A CLOSED SESSION COMPONENT.

GOOD.

PUT THAT UP.

THAT'S FOR LATER THOUGH, RIGHT? YOU WANT, THERE'S ALSO A VIDEO EMBEDDED INTO IT.

WE'LL HAVE TO FIGURE THIS ONE OUT.

THIS IS TWICE, TWICE IN A ROW NOW.

WHAT'S GOING ON WITH THAT? YEAH, IT MAY BE, I'VE FOUND THAT SOMETIMES YOU NEED A CERTAIN ADAPTER THAT'S YEAH.

THAT VIDEO SHOW.

OH, LOOK PROMISING.

THERE IT IS.

THIS ONE.

SOMETIMES WHEN YOU PLUG THOSE IN, IT COMES RUNNING FROM .

OH REALLY? THE USBS? YEAH.

OH, YOU JUST HAVE TO, WE'RE NOT GETTING TACKLED YET.

SO, SO I THINK WE CAN, WE CAN PROCEED SINCE WE'RE, UH, UNFORTUNATELY THAT MEANS I'LL HAVE TO CUE THE, UH, ADVANCE, RIGHT.

SO WE CAN GO AHEAD AND, UH, ADVANCE IT TO OUR NEXT SLIDE HERE.

CUE OCCASION.

THANK YOU FOR YOUR INDULGENCE AND APPRECIATE YOUR HELP.

THANK YOU.

AWESOME.

SO THIS SLIDE IS ONE THAT YOU'RE FAMILIAR WITH, BUT IT HAS PARTICULAR GRAVITAS THIS YEAR, NOT JUST BECAUSE THIS IS THE CHARTER THAT YOU, UH, AS A COUNTY BOARD SET OUT FOR THIS

[00:40:01]

UH, AGAIN, IT'S FOUNDED OR ROOTED THROUGH THE SALES TAX.

SO IT'S ALL LOCALLY CONTROLLED RESOURCES THAT HAS THE ULTIMATE FLEXIBILITY TO OPERATE, HOW IT NEEDS TO OPERATE FOR SUCCESS IN OUR ECONOMY.

BUT WITH THAT, YOU SET OUT A VERY CLEAR CHARTER FOR WHAT SUCCESS LOOKS LIKE.

AND IT'S, IT'S IMPORTANT THAT WE NOT ONLY REVIEW THAT OR VISIT THAT, BUT AS IMPORTANTLY, THIS YEAR IS VERY CLEAR THAT YOU HAVE BEEN AND ARE IN 2025, REPRESENTED ANOTHER YEAR OF CONTINUED SUCCESS IN MEETING THE OBJECTIVES OF THIS CHARTER.

BUT EVEN MORE EXCITING ABOUT THIS GRAPHIC IS THE DESIRED OUTCOMES PIECE, WHICH REALLY SPEAKS TO THE IMPACT THAT THIS PARTICULAR INCENTIVE HAS.

IT'S NOT JUST ABOUT JOBS WHICH ARE IMPORTANT.

IT'S NOT JUST ABOUT CAPEX, WHICH IS IMPORTANT, BUT IT'S ABOUT THE BROADER COMMUNITY IMPACTS AND GROWTH OPPORTUNITIES AND REDEVELOPMENTS AND ALL THE OTHER WAYS THAT WE ARE MEETING THE NEEDS OF OUR CORPORATE AND BUSINESS COMMUNITY, WHICH NOW THIS YEAR INCLUDED ALSO FACILITATING SOME WORKFORCE ATTRACTION NEEDS FROM, UM, SUPPORTING DEVELOPERS WHO ARE PROVIDING AFFORDABLE HOMES INTO THE NEXT GEN HOUSING, UH, INITIATIVE.

SO AGAIN, A TESTIMONY TO THAT ADAPTABILITY.

AND WITH THIS YEAR, YOU SAW IN YOUR PACKET SEVERAL REALLY DIVERSE PROJECTS THAT RANGE FROM MAJOR, MAJOR COMPANIES, UH, THAT REALLY HAVE GLOBAL POTENTIAL ALL THE WAY TO VERY, VERY SMALL BUSINESSES.

SO WITH THAT, WE'LL GO ON TO THE, TO THE NEXT SLIDE.

AND I'VE GOT AN ENTIRE TEAM THAT'S BEHIND ME THAT NOT ONLY SUPPORTS, UH, HEART AND HOMESTEAD, BUT UH, SUPPORTS OUR WORK WITH THE IMPACT, UH, LOAN FUND INCENTIVE.

AND I'D LIKE TO, UH, BRING FORWARD OUR LOAN COMMITTEE CHAIR, PATRICK TOMI, WHO YOU'VE, UH, MET IN THE PAST AND BEFORE.

AND HE'LL JUST VERY QUICKLY SPEAK TO THE, UM, KIND OF HOW THE PROGRAM WORKS, JUST AS A REFRESHER ALSO FOR THOSE WHO MAY BE WATCHING ONLINE AND ALSO TO OUR LOAN COMMITTEE ITSELF.

SO, UH, THEY ARE THE, THE KEY TO OUR SUCCESS, TO SAY THE LEAST.

THANKS CHRISTIAN.

GOOD TO BE IN FRONT OF YOU AGAIN.

AGAIN, WHAT I TYPICALLY DO IS CONGRATULATE YOU ON BEING TRENDSETTERS AS IT RELATES TO ECONOMIC DEVELOPMENT THROUGHOUT THE STATE.

THIS IS A UNIQUE PROGRAM THAT WE HAVE CAPITALIZED ON COLLECTIVELY AND HAVE DONE GREAT THINGS.

HATS OFF TO YOU AND, UH, I THINK WE HAVE A GOOD REPORT CARD FOR YOU ON THE SUCCESS THAT THIS IS WHAT'S IN FRONT OF YOU IS THE ROLES AND RESPONSIBILITIES BROKEN UP BETWEEN THE COUNTY EDWC AND IN THE COMMITTEE.

THE THREE PILLARS OF SUCCESS.

THE COUNTY ACTS LIKE THE TREASURER, IT MONITORS ALL THE MONEY.

IT'S GOT SEE-THROUGH, TELLS US IF PAYMENTS ARE LATE, THOSE TYPES OF THINGS.

THEY WOULD TYPICALLY BE A CONTROLLER ROLE, UH, FOR A FUND LIKE THIS.

THE STAFF, THEY'RE, THEY'RE INVOLVED IN THE MARKETING ASPECTS OF IT, GETTING THE PROGRAM, GETTING THE COMMUNITIES EXCITED ABOUT THE PROGRAM, MAKING CERTAIN THAT THINGS HAPPEN CORRECTLY IN ACCORDANCE WITH WHAT THE PRINCIPALS LAID OUT ARE.

AND THEN THE COMMITTEE DOES THE UNDERWRITING, REVIEWS THE APPLICATIONS AND SETS FORTH THE CRITERIA FOR GETTING LOANS STRUCTURED CORRECTLY.

WE'VE BEEN AT THIS NOW FOR PLENTY OF YEARS, AND I GOTTA TELL YOU THAT THAT COMMITTEE IS NOTHING SHORT OF INCREDIBLE.

THEY ARE THE SMARTEST OF THE PEOPLE THAT I'VE HAD EXPERIENCE WITH, AND I THINK THE WHOLE STAFF KNOWS, THEY CONTRIBUTE VERY BIG THINGS TO THE SUCCESS AND THE GUIDANCE OF THOSE VITAL TAXPAYER DOLLARS THAT ARE BEING LENT OUT TO CONTINUE TO GROW ECONOMIC DEVELOPMENT IN THIS COUNTY.

SO I DON'T KNOW IF YOU HAVE ANY QUESTIONS ABOUT THE ROLES.

IT'S SOMETHING THAT WE WANNA MAKE CERTAIN YOU LOOK AT AND UNDERSTAND.

IF THERE'S QUESTIONS, PLEASE, PLEASE LET ME KNOW.

OTHER THAN THAT, WE'LL MOVE TO THE NEXT SLIDE.

OKAY.

OUR COMMITTEE, UM, SEVEN'S THE PRIZE NUMBER.

IT SEEMS TO HAVE WORKED OVER THE YEARS.

AND AGAIN, UH, MOST OF THESE PEOPLE ARE A COMBINATION OF BANKERS AND OR IN THE PAST ATTORNEYS AND OR BUSINESS PEOPLE.

THE BLENDS IMPORTANT BECAUSE BANKERS, IF THEY DON'T MOVE THEIR MINDSET PURELY FROM A BANKING PERSPECTIVE, THEY MISS OUT THE OPPORTUNITIES OF ECONOMIC DEVELOPMENT.

IT IS OUR JOB TO PUT A COUPLE CHIPS ON THE TABLE AND MAKE THE RIGHT GAMBLES FOR THE COUNTY WITH THOSE TAXPAYER DOLLARS.

THEY'VE DONE AN EXCELLENT JOB OF TRANSITIONING.

WE HAVE SOME BUSINESS PEOPLE IN THERE AS WELL TOO THAT HAVE COLLECTIVELY HELPED

[00:45:01]

AND THEN WE HAVE AN ATTORNEY THAT PROVIDES THE GUIDANCE OVER THE COMMITTEE IN TERMS OF THE FINAL LEGAL DOCUMENTS, WORKING WITH STAFF ON THE VITAL VERBIAGE THAT MAKES SUCCESSFUL DEALS FOR US.

WE DO NOT DISCLOSE WHO OUR MEMBERS ARE ON PURPOSE.

THERE IS TO BE NO INFLUENCE WITHIN THE ORGANIZATION OR OUTSIDE THE ORGANIZATION.

AND ANY WAY I KNOW HOW TO DO THAT IS TO NOT MAKE ANYTHING PUBLIC.

THE OTHER THING WE DO IS WE LAYER IN SIGNIFICANT NDA REQUIREMENTS, NONDISCLOSURE AGREEMENTS, CONFIDENTIALITY AGREEMENTS, AND WE ACTUALLY PUT, UH, ONE OF THE MEMBERS IN A VERY DIFFICULT POSITION.

UH, KATHY WILDE IS PUT IN THE POSITION OF BEING SURROUNDED WITH LEGAL REQUIREMENTS AND NOT TALKING TO ANYTHING ABOUT ANYBODY.

AND SHE'S A SUCCESSFUL MEMBER OF OUR COMMITTEE.

SO SHE SEES IT.

SO WE, THE COUNTY GETS A SEE-THROUGH OF THINGS, YET IT'S PROHIBITED FROM COMMUNICATING THAT FREELY TO THE GOVERNMENT BODY.

THAT, AGAIN, WAS SOMETHING THAT WAS DREAMT UP YEARS AGO, AND I THINK IT SURFACED, UH, VERY WELL.

WE APPRECIATE EVERYTHING THE COUNTY DOES FOR US FROM A FIDUCIARY AGENCY STANDPOINT.

UM, WE'RE, WE WORK IN CONCERT WITH THE COUNTY VERY WELL IN MY MIND.

AND IT'S ALSO IMPORTANT TO KNOW, AND WE TELL OUR PEOPLE THAT ARE APPLYING FOR LOANS, THAT WE HAVE AN OPINION THAT KEEPS US IN THE NON-PUBLIC STATUS.

THAT'S KEY BECAUSE THERE'S CONFIDENTIAL THINGS THAT ARE DISCUSSED, PROPRIETARY INFORMATION THAT THESE LOAN APPLICANTS WANT TO KEEP THAT WAY.

UM, JOKINGLY A COUPLE TIMES THAT CHRISTIAN, AND I'LL TAKE A LITTLE HEAT THAT IF ANYTHING DOES LEAK OUT, YOU KNOW, AND YOU'LL PROBABLY FIND US TIED TO A ROPE SOMEWHERE ALONG SOME PIER.

BUT, UH, WE, WE KEEP EVERYTHING VERY WELL AND WELL, VERY WELL MAINTAINED AND, AND CONFIDENTIAL.

SO WITH THAT AS, UM, SOME OF THE KEYS TO SUCCESS, THINGS HAVE NOT CHANGED MUCH OVER THE YEARS.

WE HAVEN'T FOUND REASON TO CHANGE 'EM.

AND AGAIN, UH, AS IT COMES TO, UH, THIS PROCESS, I WANT TO CONGRATULATE YOU FOR, UH, EMBARKING ON IT.

I THINK IT MAKES A DIFFERENCE.

THANK YOU.

I'LL MAKE A SLIGHT, UH, COMMENT ON THAT.

AT A RECENT, UH, COUNTY'S ASSOCIATION FUNCTION, UM, SOMEONE FROM ANOTHER COUNTY SEARCHED ME OUT AND SAID, HOW DO YOU DO YOUR E-E-D-W-C? YOU KNOW, HOW, HOW DOES THAT WORK? AND I SAID, WELL, SOMEBODY A FEW YEARS AGO STARTED FUNDING IT WITH SALES TAX MONEY AND WE BUILT UP WHAT WE NEEDED TO HAVE IT KEEP GOING.

AND, UH, THEY SHOOK THEIR HEAD 'CAUSE THEY DON'T COLLECT SALES TAX.

SO .

BUT THAT WAS A SMART IDEA ORIGINALLY.

YES, IT WAS.

ABSOLUTELY.

PAT WILL BE BACK WITH US TO DISCUSS THE HEALTH OF THE PORTFOLIO, WHICH IS OBVIOUSLY A KEY PART OF THE PRESENTATION HERE.

BUT WE CAN GO AHEAD AND MOVE ON TO THE, UH, NEXT SLIDE.

AND THEN SHORTLY AFTER THAT, THE SLIDE TO FOLLOW, WE'RE TRANSITIONING TO, TO IMPACT.

AND I HAD MENTIONED EARLIER ON THAT FRONT SLIDE, YOUR CHARTER, THAT YOU WERE HEADSY ENOUGH TO SAY, YOU KNOW, IMPACT SHOULD BE MORE BROADLY DEFINED.

IT SHOULD BE MORE THAN JUST A, A SINGULAR JOB OR A PIECE OF EQUIPMENT THAT GETS ACQUIRED.

IT SHOULD BE ABOUT ALL OF THE ACREAGE THAT WITH THE PARTNERSHIP WITH THE COMMUNITY DEVELOPMENT DEPARTMENT, WE REPURPOSE FOR EVERY ACRE THAT WE'RE REPURPOSING THAT ALREADY HAS INFRASTRUCTURE, WE DON'T HAVE TO TAKE DOWN ANOTHER ACRE OF FARM LAND, RIGHT? SO THAT LEVEL OF FLEXIBILITY HAS REALLY BEEN PROFOUNDLY VISIBLE IN 2025.