[1. Meeting Opening ]
[2. Information Items ]
[00:00:11]
ORDER AND GO RIGHT AHEAD, MATT. AND, CECELIA. OR CECELIE NUNN.
THIS WILL BE A TEAM PRESENTATION. WE WILL KEEP IT SHORT AND SWEET, I PROMISE. EVERY YEAR, THE DISTRICT ISSUES GENERAL OBLIGATION BONDS AND WE DO THAT TO PROVIDE FUNDING TO APPROVE FACILITIES, PURCHASE EQUIPMENT, BY BUSES AND WE DO THAT BECAUSE THERE'S NOT ENOUGH MONEY IN THE OPERATIONS 12 FUND ALL THE NEEDS OF THE DISTRICT. WHAT WE DO IS WE REVIEWED THE 10 YEAR FACILITY PLAN, THE 10 YEAR TECHNOLOGY PLAN, BUS REPLACEMENTS PLAN AND THAT HELPS US DETERMINE HOW MUCH MONEY WE WILL NEED IN A GO BOND. WE ISSUE ONE YEAR, REPAY THEM THE NEXT. THAT MINIMIZES THE INTEREST EXPENSE TO OUR TAXPAYERS. WE ARE TRYING TO KEEP THAT IN MIND. THE GO BOND WE ARE RECOMMENDING IS NOT COMING TO INCREASE THE TOTAL DEBT SERVICE TAX RATE. THAT WILL REMAIN FLAT, EVEN WITH THIS ISSUE. THAT IS POSSIBLE BECAUSE AS MANY OF YOU MAY HAVE HEARD BEFORE, WE DO HAVE DEBT PAYMENTS THAT ARE PAYING OFF OVER THE NEXT FEW YEARS. THAT DOES ALLOW ROOM FOR THESE GO BOND PAYMENTS. IN 2024, WE ARE GOING TO RECOMMEND TWO DIFFERENT GO BOND ISSUES. WE ARE JUST TALKING ABOUT THE MAIN ONE TONIGHT THAT IS COMING SOONER . 35 MILLION IS WHAT WE ARE PROPOSING. WE WILL SCROLL THROUGH THIS PROPOSED PROJECT LIST. THAT IS THE FIRST COLUMN WE ARE GOING TO TALK THROUGH THIS EVENING. THAT SECOND ISSUE WE ARE GOING TO HOLD OFF ON THAT FOR A LITTLE WHILE UNTIL LATER IN THE YEAR WHEN WE KNOW WHAT OUR ASSESSED VALUATION IS. AT THAT POINT, WE WILL REFINE THE SECOND COLUMN OF POSSIBLE PROJECTS AND REFINE THE AMOUNT OF THAT SECOND ISSUE AND COME BACK AND TALK WITH YOU ABOUT IT THEN. AT THIS POINT, I'M GOING TO TURN IT OVER TO MATT TO REVIEW THESE PROJECTS AND GO FROM THERE.
>> I WON'T GO THROUGH EVERY SINGLE ONE OF THEM. I THINK YOU GUYS RECEIVE COPIES BUT I WILL HIGHLIGHT SOME. HAMILTON SOUTHEASTERN, WE HAVE THE EPOXY GYM FLOOR THAT HAS BECOME A SAFETY ISSUE. THE KIDS PICK AT IT WHILE THEY ARE SITTING THERE AND IT IS A TRIPPING HAZARD. THAT ONE WE HAD TO STAY ON, ALONG WITH THE TOUCHPADS FOR THE POOL. WHAT HAPPENED THERE, THEY ARE JUST OLD AND CAN'T GET PARTS FOR ANYMORE. SO ON THAT ONE, WE ARE BUYING BOTH AT BOTH HIGH SCHOOLS. I THINK WE ARE GOING WITH OMEGA FOR THOSE. THE UTILITY TUNNEL AT HSE. IT NEEDS TO BE DONE FOR SEALING OF ALL OF THE CRACKS AND EVERYTHING SINCE IT IS BELOW THE WATER TABLE HERE. IT FLOODS A LOT. WE DO HAVE SUMP PUMPS, WHICH INCLUDE IN THIS $100,000, WE WILL PUT ALARMS ON THAT SO WE KNOW BECAUSE WE HAVE A LOT OF ELECTRICAL, THE HVAC RUNS THROUGH THEIR FROM THE BUILDING THAT SUPPLIES IT ALL, A LOT OF ELECTRICAL FOR, FROM THE H BUILDING. BOTH GENERATORS GO THROUGH THEIR FOR THAT SCHOOL.
AND THEN WE MOVE DOWN, FISHERS HIGH SCHOOL , THE TRAINING ROOM UPDATE. THAT ACTUALLY WAS A POOR DESIGN WHEN THEY BUILT IT.
IT IS THE FOOTBALL LOCKER ROOM. WHAT THEY DID IS THEY PUT THE TRAINERS ROOM IN THE MIDDLE OF THE BOYS LOCKER ROOM. THAT MEANS THE GIRLS HAVE TO WALK ALL THE WAY OVER TO THE MAIN GYM. WE HAVE A TITLE IX ISSUE ON THAT ONE. THERE'S NO WAY WE CAN GET AROUND THIS. WE NEED TO CORRECT THAT.
>> THE QUESTION, DO WE HAVE AN EMERGENCY SYSTEM ON THEIR NOW FOR THE WATER TABLE AND EVERYTHING?
>> WELL, WE HAVEN'T CHECKED. AFTER A HEAVY RAIN, WHAT WE FIND IS WE WILL SEND SAMITI DOWN THERE AND YOU DON'T REALLY HAVE TO GO DOWN THERE, YOU CAN SEE IT. I'VE GOT PICTURES.
>> GET YOUR GALOSHES. >> THAT'S EXACTLY RIGHT.
>> CAN YOU CLARIFY AGAIN ON THAT FOOTBALL LOCKER ROOM , ARE THEY MOVING THE LOCKER ROOM? IS IT A REDESIGN, ARE THEY MOVING
THE OFFICE OUT? >> YES SIR. WE ARE MOVING IT ALTOGETHER AND WHAT WE DID WAS FLIP FLOP A COACHES LOCKER ROOM, WHICH IS ON THE OUTDOOR WALL THAT FACES THE FOOTBALL FIELD SO WE WILL BE TAKING THAT OVER FROM THE COACHES BUT THE COACHES WILL END UP GETTING THE OLD TRAINERS ROOM. WE WILL
[00:05:03]
PUNCH A HOLE IN THE WALL, EXTERIOR WALL AND THEN GIRLS AND BOYS CAN ALL ENTER THROUGH THAT DOOR . THAT IS HOW WE FIXTHAT PROBLEM. >> WHEN YOU DO THAT KIND OF STUFF, ASSUME YOU WOULD, JUST LIKE WHEN WE DO OTHER BUILDING UPDATES AND THINGS, YOU'VE GOT A GROUP OF STAKEHOLDERS INVOLVED SO I SYMPATHETIC DIRECTORS, COACHES?
>> THEY BROUGHT THIS TO MY ATTENTION. I DON'T GO AND LOCKER ROOMS VERY OFTEN. THEY BROUGHT THIS TO ME THAT WE HAD THE PROBLEM AND WORKED THROUGH THIS TOGETHER ON FLIP-FLOPPING THE ROOM. IT WAS NICE BECAUSE THE COACHES LOCKER ROOM ALREADY HAD A SHOWER AND WATER AND EVERYTHING. THE TRAINERS WILL BE AN EASY SWITCH THERE. WE WILL GO ON DOWN. SAND CREEK ELEMENTARY, THE SWITCH GEAR. THAT, WE ARE HAVING PROBLEMS WITH GETTING PARTS FOR THAT. SO, THAT IS WHY THAT ONE IS UP THERE. HOPEFULLY THAT ONE WILL LAST 20 YEARS TO MAKE. THAT IS WHAT I'M COUNTING ON. AND THEN WE GO DOWN, THE DISTRICT ALWAYS FOR SAFETY AND SECURITY TALKS ABOUT CARD READERS. SOME, SO THAT WE CAN GET THOSE OUT AND WE LIKE TO KNOW WHO'S GOING IN OUR BUILDING. WE WOULD RATHER GIVE OUT A CARD PACIFIST THAT WIKI BECAUSE WE CAN'T CONTROL THOSE KEYS. CAN YOU GO ON DOWN? I DON'T HAVE IT UP HERE. THE SOLAR DISTRICT ENERGY SAVINGS, IF YOU NOTICED LAST YEARS OR EVEN SOMETHING FROM NOVEMBER, DECEMBER, WE HAD SOME BOILER REPLACEMENTS AND WHAT WE FOUND, WE ARE WITHIN THE PARAMETERS TO GET THOSE BOILERS OUT OF THE ENERGY SAVINGS OF THIS $1.25 MILLION. THAT IS WHERE WE PUT THOSE. WE WILL STILL DO SOME BOILER UPGRADES. THAT IS ONE OF OUR NUMBER ONE COSTS, YOU KNOW, WE ARE A LITTLE OVER $4 MILLION ON UTILITY COSTS. BY GOING HIGH-EFFICIENCY ON THE ONES NEXT DOOR ARE 30 YEARS OLD. WE ARE HAVING THESE NEW BOILERS WILL SAVE US MONEY. LANTERN ROAD AND FALL CREEK ARE MOVING ALONG. ONE THING YOU DON'T SEE UP THERE IS FISHERS ELEMENTARY BECAUSE THAT IS A SEPARATE BOND. THESE TWO SCHOOLS GET PAID OUT OF THIS BOND. SO, THE REST OF THIS JUST GOES, THE FIRST LINE ITEM, MECHANICAL, ELECTRICAL, THE MEPS, WE SEPARATED OUT. WE GO THROUGH DIFFERENT PHASES ON HOW WE LABEL THESE. I KIND OF PUT FOR INDOORS AND THE NEXT LINE IS ANYTHING OUTDOORS. THAT IS HOW I CAN TRACK EXPENSES BETTER.
FURNITURE REPLACEMENT. GO ON DOWN. SECURITY UPGRADES.
>> LET ME JUMP IN ON THE BUSES, REPLACING 36 BUSES , WE'VE GOT A LOT OF 12-YEAR-OLD BUSES. THEY ARE NICKEL AND DIME US TO DEATH AND ZACH MADE THE RECOGNITION WE GO AHEAD AND HE HAD BEEN WORKING WITH THE FINANCE DEPARTMENT AHEAD OF TIME THAT WE USE THIS BOND TO REPLACE THOSE BUSES AND MAKE CERTAIN WE HAVE BUSES MORE ON A 10 YEAR SCHEDULE INSTEAD OF 12.
LINE, THAT IS WHAT I HAVE, UNLESS YOU HAVE SOMETHING.
>> AND ASK YOU ONE ON ATHLETIC FACILITY REPLACEMENT UP THERE, SOMETHING WE'VE, HAS COME UP BEFORE, COMES UP IN THE COMMUNITY ARE OUR BASEBALL FIELDS AND SOFTBALL FIELDS WITH THE TURF. IS THERE ANY CONSIDERATION TO THOSE, DO WE THINK ABOUT THAT? THERE'S A LOT OF POSITIVES AND NEGATIVES
BUT WOULD LOVE YOUR OPINION. >> WE GET THOSE QUESTIONS ASKED EVERY SINGLE BASEBALL SEASON ABOUT TURF. WE HAVEN'T HAD MONEY IN OUR BONDS TO DO THAT. KIND OF TORN ABOUT THAT BECAUSE MLB, THERE'S 32 TEAMS AND ONLY, 35 AND 32 OF THEM HAVE
TURF. SO WHAT DO WE NEED IT? >> THE ONE THING I'VE HEARD, AND I DON'T KNOW IF THIS IS RIGHT OR NOT BUT FOR US TO HOST MORE EVENTS, SECTIONALS AND THOSE KINDS OF THINGS, THAT THEY REQUIRE TURF, IS THAT SOMETHING THAT IS NECESSARY ?
>> DOESN'T REQUIRE IT. IT IS A WANT BUT IT DOES LOOK GOOD WHEN THEY ARE PLAYING SECTIONALS OR ANYTHING LIKE THAT.
>> IF IT IS NOT A NEED, I UNDERSTAND. I JUST DON'T WANT US TO BE LIMITED FROM POSTING THINGS, WHERE WE COULD
[00:10:01]
POTENTIALLY MAKE MONEY OFF HOSTING TOURNAMENT.>> IT WAS MORE A.D.A. COMPLAINT THAT WE NEEDED IT. I THINK WE'VE DONE THOSE TWO THINGS, CORRECT ?
>> WE CAN GET THE A.D.A. STUFF SETTLED. THE STATE CHAMPIONSHIPS ARE ON GRASS ON THE INDIANAPOLIS INDIANS. THEY HAVE A BEAUTIFUL FIELD. TURF IS NOT REQUIRED BUT IT DOES HELP THE LONGEVITY OF IT. IF YOU HAVE 20 TEAMS DOING A ROUND ROBIN, YOU KNOW, THAT TURF GETS USED AND BEAT UP. THERE'S NO DOUBT THAT THE TURF OF THE NATURAL GRASS TURF GETS BEAT UP. AT THIS POINT, WE HAVEN'T HAD FUNDS TO DO ALL OF THEM.
>> MATT, QUICK QUESTION, I DON'T KNOW IF THIS WAS ANSWERED, RESPONDED TO IN HIS QUESTION. WITH THE FIELDS, SPECIFICALLY BASEBALL, SOFTBALL, IS THERE DRAINAGE I DID NOT COST AT ALL? ADDITIONAL DRAINAGE ?
>> ON THIS LINE ITEM, IT'S MOSTLY REPAIRS. I KNOW I SPOKE WITH, ASKED FOR APPROVAL FROM THE BUDGET COMMITTEE AND THE FACILITIES COMMITTEE ABOUT CAN WE ADD IRRIGATION TO THE FIELD THAT WE DON'T HAVE? SO, THAT IS SEPARATE. IT WILL COME OUT OF THIS BUT THAT IS A SEPARATE DIFFERENCE ABOUT WHAT WE ARE TALKING ABOUT WITH THE BASEBALL FIELDS.
>> IT GETS INTO WATER NOT DRAINING PROPERLY OFF THE FIELDS BECAUSE WET SPRINGS CREATE PROBLEMS.
>> THIS AND, THE PLANE SURFACE ON THE INFIELD GETS WASHED AWAY OR BLOWN AWAY AND THAT MAKES, WHAT THAT DOES IS HOLDS WATER AND WE NEED THAT BUILT UP. WE DO THAT ON SOME OF OUR FIELDS
EVERY YEAR. >> THIS GOES ALONG TOO, THERE'S NEVER ENOUGH MONEY TO DO ALL THE THINGS WE NEED TO DO. NEEDS LET ALONE OF THE THINGS THAT WOULD MAKE IT IDEAL. JEFF, COULD YOU SCROLL UP A LITTLE BIT FOR ME PLEASE? KEEP GOING JUST A LITTLE BIT FURTHER. OKAY, PERFECT. I JUST WANTED TO HIGHLIGHT A COUPLE OF THE LARGER LINE ITEMS. THE PAYOFF OF THE BUS LEASES, THE $2 MILLION. WE ARE PROPOSING THAT BE INCLUDED. THAT WOULD PAY OFF BUS LEASES WE ENTERED INTO IN 2021 AND 2022. THAT WOULD FREE UP SOME FUNDS IN OUR OPERATIONS FUND. THE LINE RIGHT BELOW IT, THE ADDITIONAL MISCELLANEOUS PROJECTS, THAT IS FOR PROJECT WE HAVEN'T IDENTIFIED YET. THERE ARE ALWAYS NEEDS THAT COME UP THAT WE HAVE TO TAKE CARE OF. THAT IS A LINE ITEM THERE AND I'M SURE WE WILL BE SHARING MORE INFORMATION AS WE GO. JEFF, COULD YOU SCROLL DOWN NOW PLEASE?
>> I KIND OF REACHED OVER TO MEMBER ORR. THOSE COLUMNS, THE DOLLAR AMOUNT YOU ARE LISTING IN THE 2024 CURRENT BUDGET THAT LISTS EVERYTHING, THAT IS PER DISTRICTS, THAT IS NOT ONE HIGH SCHOOL AND THE OTHER HIGH SCHOOL, THAT IS FOR THE WHOLE DISTRICT FOR LET'S SAY ATHLETICS, SPLITTING THAT MILLION DOLLARS FOR REPAIRS QUESTION
>> CORRECT. >> A LITTLE BIT MORE, PLEASE.
OKAY. WE TALKED A LITTLE BIT ABOUT THE SCHOOL BUS REPLACEMENT FOR THOSE BUSES. WE ARE EXPECTING 22 OF THOSE BUSES TO BE DELIVERED LATER THIS YEAR AND THE REMAINDER IN NEXT FEBRUARY. THAT IS THE TIMING ON THOSE. THERE ARE A COUPLE OF LARGE TECHNOLOGY LINE ITEMS. THAT WILL INCLUDE THE PLACEMENT OF STUDENT DEVICES AND OTHER TECHNOLOGY EQUIPMENT.
THAT IS BASED ON A REPLACEMENT SCHEDULE AND PART OF THEIR 10 YEAR PLAN. SO, ARE THERE ANY OTHER PROJECT OR LIST RELATED QUESTIONS FOR US BEFORE WE TALK ABOUT NEXT STEPS?
>>, I ASK GENERALLY ABOUT THE BONES? JUST ONE OF A TECHNICAL QUESTION ABOUT HOW THE MONEY GETS RELEASED AND ALLOCATED.
THIS BOND MONEY IS SEPARATE OUTSIDE OF OUR REGULAR OPERATING BUDGET THAT WE PASSED FOR 300 MILLION, THIS IS IN ADDITION TO THAT? WE SELL THESE, THEN WHERE DOES THIS GO INTO OPERATIONS OR DOES THIS STAY IN ITS OWN FUNDS ?
>> WE TRACKED THESE FUNDS SEPARATELY. THERE'S A SEPARATE FUND WE WILL CREATE FOR THIS PARTICULAR GO BOND. ALL THE WORK WILL BE RUN THROUGH THAT BOND SO WE CAN TRACK WHAT HAS BEEN SPENT, WHAT IS STILL AVAILABLE. IT TRULY IS SEPARATE. WE WILL REPAY THIS GO BOND IN 2025 AND OF OUR SERVICE
BOND. >> WE ARE DOING ALL OF THAT WHILE KEEPING THAT TAX RATE FLAT.
>> WE WANT TO WAIT UNTIL WE KNOW THE AV FOR THE NEXT ONE.
>> CORRECT. WE WILL REFINE THE SECOND COLUMN THERE. THOSE ARE JUST PROPOSED PROJECTS FOR THE SECOND ISSUE. IT IS POSSIBLE
[00:15:06]
THE A B COMES IN HIGHER THAN WE ARE ESTIMATING NOW. WE MIGHT HAVE A LITTLE MORE ROOM. IF YOU CAN TACKLE A FEW MORE PROJECTS THAT MIGHT HAVE TO WAIT UNTIL NEXT YEAR'S GO BOND. MAYBE WE CAN PULL THEM FORWARD A BIT. ANY OTHER QUESTIONS ?>> JUST A LITTLE BIT. THIS THAT WE ARE TALKING ABOUT IS ALL PART OF OUR BON, IT IS NOT PART OF THE TOTAL 10 YEAR PLAN
OF ALL OF OUR FUNDING. >> THESE PROJECTS CAME, YES, WE LOOKED AT THE 10 YEAR PLAN FOR FACILITIES, TECHNOLOGY, BUS REPLACEMENT. SOME OF THIS PROJECT ARE INCORPORATED IN HERE. YES, THAT IS ONE BOND ISSUE.
>> I JUST WANT TO SAY THANK YOU FOR PUTTING A LITTLE CUSHION IN
THEIR. >> WE ALWAYS NEED THAT, DEFINITELY. OKAY, NEXT STEPS. AT THE APRIL 10TH BOARD MEETING, WE WILL HAVE A PUBLIC HEARING. WE WILL REVIEW THE PROJECT, LIKE WE'VE DONE TONIGHT, TALK ABOUT THE FINANCING OF THE BONDS, AND WE WILL WANT TO GIVE THE PUBLIC AN OPPORTUNITY TO PROVIDE INPUT. THAT MEETING WILL BE FOR INFORMATION ONLY. THERE WOULD BE NO BOARD ACTION AT THAT MEETING. THEN THE APRIL 24TH BOARD MEETING WILL HAVE A SECOND PUBLIC HEARING. AGAIN, HAVE AN OPPORTUNITY IF YOU OR THE PUBLIC WOULD LIKE US TO REVIEW PROJECTS, WE CAN DO THAT. THAT WOULD BE THE MEETING WHERE WE WILL BE ASKING FOR ACTION. WE WILL ASK FOR YOUR APPROVAL SO WE CAN MOVE THOSE BONDS ON. BUT WE WOULD LIKE TO DO IS MAKE IT ALL THE WAY THROUGH ALL THE LEGAL STEPS AND CLOSE ON THE BONDS BEFORE THE END OF JUNE. THAT IS A LITTLE EARLIER THAN THE LAST COUPLE OF YEARS. THE PROJECTS THAT ARE IN THIS LIST, WE WOULD LIKE TO START THAT WORK THIS SUMMER. IF WE ARE GOING TO DO THAT, WE WILL NEED SOME MONEY TO PAY THOSE EXPENSES. THAT WOULD BE IDEAL. ANY OTHER QUESTIONS OR COMMENTS ON WHERE WE ARE HEADED
? >> I WOULD LOVE TO MENTION AGAIN WHAT YOU SAID AND I APPRECIATE YOU SAYING THAT ABOUT THE PUBLIC HEARING. PERSONALLY, I'VE BEEN UP HERE FOR A LITTLE OVER A YEAR NOW AND WE'VE DONE MANY THINGS, WE'VE HAD PUBLIC HEARINGS AND I SAY THIS WITH A LITTLE PAUSE WE ENCOURAGE ANYBODY FROM THE PUBLIC TO COME OUT AND SPEAK ON THESE PUBLIC HEARINGS. I DON'T THINK WE'VE EVER HAD ANYONE COME UP AND SPEAK, THEY SPEAK TO AGENDA ITEMS. FOR THE PUBLIC YOU CAN COME OUT AND SPEAK ON THESE PUBLIC HEARING ITEMS. THIS IS OUR TAX MONEY AND PROJECTS THAT GO INTO OUR SCHOOLS. IF YOU WANT TO HAVE YOUR INPUT, COME ON OUT.
>> ABSOLUTELY. >> I JUST WANT TO MAKE A QUICK COMMENT ON SOME DIALOGUE WE WERE JUST TALKING ABOUT. HAS THERE BEEN ANY DISCUSSION ABOUT CHANGING FLUORESCENT LIGHTS ?
>> WE ARE GOING TO L.E.D. >> GREAT. I WAS CURIOUS BECAUSE IT IS MORE CONDUCIVE TO LEARNING AND LESS BEHAVIOR
OUTBREAKS. >> AS YOU GO THROUGH SOME OF OUR BUILDING IS, YOU WILL NOTICE THAT THE CORD WAS MIGHT STILL BE FLUORESCENT BUT A LOT OF THE CLASSROOMS HAVE BEEN
SWITCHED OVER TO L.E.D. >> THANK YOU.
>> ONE LAST ONE, SORRY. WE ARE WAY UNDER TIME SO IT IS FINE.
THE BIGGER, LARGER PROJECT I DON'T SEE AND I DON'T THINK I'M SUPPOSED TO BECAUSE THIS ABOUT ONE BOND BUT THERE WAS TALK BACK WHEN ON WHEN I WAS ON FACILITIES, THERE'S THE LARGE HSE RENOVATION, I WOULD GET UP AND OPERATE BUT 150, 160 MILLION. WHERE IS THAT PROJECT NOW AND IS THAT BEING BROKEN UP
INTO SMALLER PIECES? >> I CAN SAY THAT TODAY, IT IS STILL ON THE SCHEDULE. BUT, WE WOULD SEE IF SOMETHING ELSE MORE EMERGENT POPPED UP OR A DESIGN TOOK A LITTLE LONGER, WE MIGHT PUSH THAT. IT IS STILL ON THE SCHEDULE FOR RENOVATION.
IT IS A 2025 DESIGN AND START OFF IN CONSTRUCTION IN 2026.
>> I WOULD SAY THAT PLAN IS A VERY FLUID. OBVIOUSLY, WE WILL BE HAVING LOTS OF CONVERSATIONS BEFORE WE GET TO THAT POINT .
AGAIN, THERE MAY BE OTHER THINGS THAT WILL TAKE PRIORITY OVER THAT OR MAYBE THAT TIMELINE WILL HOLD. WE WILL BE HAVING FUTURE CONVERSATIONS BEFORE ANY PLANS.
>> ANY OTHER COMMENTS OR QUESTIONS ? ALL RIGHT, THANK YOU VERY MUCH. WITH THAT, WE WILL CLOSE DISCUSSION AND ADJOURNED THE WORK SESSION. THANK YOU ALL
* This transcript was compiled from uncorrected Closed Captioning.