CAPTION WRITER IS PRESENT. THE EVENT WILL BEGIN SOON.
[00:00:02]
CAPTION WRITER IS PRESENT. >> PLEASE STAND FOR THE PLEDGE.
[1. Meeting Opening]
OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION, INDIVISIBLE, WITH LIBERTY AND JUSTICE FORALL. >> GOOD EVENING AND WELCOME TO
[2. Public Comment]
TONIGHT'S BOARD MEETING. MOVING ON TO PUBLIC COMMENTS, I'LL OPEN UP FOR PUBLIC COMMENT, ANYBODY SIGNED UP MAY ADDRESS THE BOARD REGARDING ANY POSTED JAEDON ITEM.YOU HAVE 3 MINUTES REFRAIN FROM USING DIRECT NAMES.
CRAIG FRAWLEY ON 4.1 BARGAINING PUBLIC HEARING.
>> DR. KEGLEY I'M CRAIG. >> WE SERVE AS CO-CHAIRS FOR HFC. WE WOULD LIKE TO THANK OUR TEAM FOR HARD WORK IN THE GARDENING PROCESS.
THEY'RE [NAMES] OUR TOLL REPRESENTS EVERY LEVEL OF CAN EDUCATION. AS YOU LOOK AT TONIGHT'S PRESENTATION WE URGE YOU TO PLAY TENSION TO DETAILS OF THE AGREEMENT. YOU'LL LEARN ABOUT A TRUE PAY MODEL BASE TOSS BASE SALARIES AND HEALTH INSURANCE COMPANIES THAT SAVE MONEY W. RATIFICATION, 97 PERCENT VOTED TO RATIFY.
THIS IS SHOWS PEOPLE CARE ABOUT THE WINS.
ONE CONTRACT IS PERFECT. BELIEVE THEM.
>> WHILE BARGAINING IS NEVER EASY IT'S A JOB EACH TEAM MAKE TAKES SERIOUSLY. WE THAUNLTS WE REPRESENT ALL 1249 TEACH HORSE DAUL HLC HOME. WE CAME READY TO SUPPORT AND DEFEND THEM. FINALLY REWANT TO RECOGNIZE THE ATMOSPHERE OF THIS YEAR'S BARGAINING PROCESS.
I WORKED HERE 12 ERIKSSON EK DR. DAYLY THE FOURTH SUPERINTENDENT I WORKED UNDER AND I TRULY BELIEVE THIS IS THE SMOOTHEST PROCESS SINCE I'VE BEEN HERE.
EACH TEAM WAS PREPARED SHARED INTERESTS AN COMPROMISED ON KEY ISSUES AND WHILE THERE ARE DISAGREEMENTS AND CONVERSATIONS TO HAVE WE BELIEVE OUR ADVOCATESI WAS MET BY.
WE URGE TO YOU VOTE FOR NEXT WEEKS'S SNEEGT THANK YOU.
>> WE HAD A SECOND SIGN UP BUT I BELIEVE YOU'RE GOOD.
[3. Action Items]
OKAY. THANK YOU.I APPRECIATE IT. >> MOVING ON, TO ACTION ITEMS 3.0189-2027 BUDGET DOG BY TIM BROWN.
>> WELL GOOD EVENING EVERYONE. WE'VE REACHED THE CULMINATION OF THE BUDGET SO THIS IS EXCITING NEWS AFTER MONTHS AND MONTHS OF WORK TO GET TO THIS POINT. SO I'M HAPPY TO TAKE YOU THROUGH A BRIEF PRESENTATION AND LEAD UP TO A NUMBER OF RESOLUTIONS THAT ARE READY FOR YOUR APPROVAL, TO OFFICIALLY APPROVE AND CAN.THE 2027 BUDGET. ACE MENTIONED WE HAVE BEEN THROUGH THIS PROCESS FOR A COUPLE OF MONTHS PUBLICLY BUT CERTAINLY THE WORK STARTED WELL BEFORE THAT.
TONIGHT IS THE NIGHT TO OFFICIALLY ADOPT THE 2027 BUDGET, THE CAPITAL PROJECTS PLAN, THE BUS REPLACEMENT PLAN AND THE REFERENDUM SPENDING PLAN ALONG WITH A COUPLE ADDITIONAL RESOLUTIONS. JUST REHITING THE POINT FROM OUR LAST MEETING WE DO HAVE OUR OFFICIAL UNOFFICIAL COUNT THAT HAS BEEN SUBMITTED TO THE STATE. CAN YOU SEE THAT IS OVERALL DROP OF 440 STUDENTS BUT I WOULD HIGHLIGHT OUR COHORTS ARE DIAGONALS AND WE ARE SHOWING GROWTH BUT WE ARE CONTINUING TO GRADUATE MORE SENIORS THAN KINDERGARTENERS AND WE HAVE ADAPTED TO THAT WITH THE WORK WE HAVE DONE NOT ONLY ON THE BUDGET TASK FORCE BUT ALSO ON THE WORK IN OUR SCHOOL BUILDINGS.
JUST AS A FRIENDLY REMINDER WE HAVE TO STAY CURRENT WITH ALL OF OUR TIME LINES, AND WE HAVE DONE THAT WE ALSO TYPICALLY AS MOST SCHOOLS DO TAKE THE APPROACH THAT WE ADVERTISE OUR TAX RATES AND BUDGETS A LITTLE HIGH THE GROUP THAT REVIEWS BUDGETS THAT IS ABILITY TO CUT BUT NEVER RAISE THOSE SO YOU'LL SEE THE SAME COMPARISON DOCUMENTS WE TALKED ABOUT LAST MEETINGS THAT ADVERTISE A'S SLIGHTLY HERER BUDGET THAN THEY'LL TAKE ON.
THEY CAN NEVER RAISE THESE. SOBOROFF YOU THIS IS NOT NEW.
YOU SEE PROPOSED 2027 BUDGET NEXT TO THE PREDICTED 2027
[00:05:04]
BUDGET SO NOT ONLY ARE A COUPLE LINESI TEAMS HIGHER PARTICULARLY DEBTS SERVICE BUT RATES ARE HIGHER THAN WE THINK THEME BE.I WOULD POINT TO 125157. I DON'T THINK THAT'S WHERE WE WILL END, I BELIEVE IT WILL BE 1.1991, THAT'S A PRODUCTS OF ADVERTISING. ONE NUANCE WE HAVE OUR ASSESSED VALUE FOR 2027 BUT IT'S POSSIBLE THAT GETS ADJUSTED BUT WE HAVE TO PROTECT FOR THAT ALTHOUGH IT'S RARE IT DOES HAPPEN.
THIS IS PROBABLY THE MORE IMPORTANT PREDICTION, OR COMPARISON IF YOU WILL, AND THIS IS OUR 2026 BUDGET OPENED COMPARED TO OUR PREDICT 2027 BUDGET.
AGAIN A COUPLE HIGHLIGHTS I'M PROUD OF THE WORK OF OUR TEAM YOU SEE THE BUDGET AND EDUCATION FUND IS CUT BY NEARLY $8 MILLION. YOU SEE THE REFERENDUM BUDGET DOES GO UP. I'LL TALK MORE ABOUT THAT IN THE SPENDING PLAN. DEALT SERVICE BUDGET MANAGING OUR DEBT AND FUTURE DEALT DROPPED NEARLY $8 MILLION, I TWO HIGHLIGHT THE FACT THAT TAX RATE IS KEPT LEVEL EVEN THOUGH THE NET ASSESSED VALID U FOR THE DEBT SERVICE FUND HAS IN FACT DECLINED SO THAT MEANS THE AVERAGE OWNER AT .49995 TWO PAY LESS AT 4995 IN THE 2027 PREDICTED BUDGET SO KEEPING THAT FLAT EVEN THOUGH NET A.V. DROPPED IS PRETTY SIGNIFICANT.
I TALKED A LOT ABOUT THE DEBT SERVICE EXEMPT NOT ONLY DID WE DROP CAN THE BUDGET BUT WE DROPPED THE OVERALL RATE SO THAT DROP OF ABOUT A HALF A PENNY FRANKLY HELPS TO MITIGATE A LITTLE BIT OF THE PROPOSED INCREASE IN THE REFERENDUM OF ABOUT TWO CENTS SO TOGETHER BECAUSE THOSE ARE BOTH OUTSIDE PROPERTY TAX CAPS AND PART AFTER REFERENDUM IF YOU WILL, IS A NET OF ABOUT 1.5 CENTS. LAST BUT NOT SHEETS THE OPERATIONS FUND. REMEMBER, THIS IS FUND THAT IS THE ZACH FORLY LIMITED HOW MUCH KIT INCREASE.
THIS IS A UNIQUE YEAR WE WERE ALLOWED TOMORROW INCREASE 6 PERCENT, I THINK ANY SCHOOL ACROSS THE STATE WOULD TRY TO MAX THIS OUT BY THE NATURE OF COST AND OPERATION AND WE ARE SO THAT'S WHERE YOU SEE THE BIGGEST INCREASE IN OVERALL TAX RATE AND RAINY DAY THERE IS NO REVENUE FOR THAT OR RATE FOR THAT THE THAT IS NOT SOMETHING THAT IS ASSIGNED TO OUR TAXPAYER VLGS AND SELF INSURANCE DENTAL FUND IS A UNIQUE FUND MAINTAINED NO IMPACT TO TAXPAYERS WHATSOEVER. HERE IS THAT SAME BAR GRAPH WE HAVE SHOWN THE LAST SEVERAL MEET THAT IS YES THEY'RE ABSOLUTELY IS INGLEES YOU LOOK AT THE NET AMOUNT OVERALL BUT IF YOU COMPARE THAT TO WHERE WE HAVE BEEN OVER THE 7 YEAR SPAN YOU SEE WE ARE WELL IN LINE EVEN THOUGH PET IMPACTFUL DROP IN NET ASSESSED VALUE SO I THINK THIS WAS A BALANCE OF DOING WHAT WE NEEDED BUT CERTAINLY NOT GOING ABOVE AND BEYOND THAT WHICH HAS REALLY BEEN OUR MANTRA THIS ENTIRE TIME.
COUPLE OUR ASSUMPTIONS WORTHY OF NOTE THE ANNUAL ED TO OPEN RAIPGSZ TRANSFER UP FOR APPROVAL TONIGHT WILL MOVE FROM $15 MILLION IN 2026 AND YOU REMEMBER OUR ACTUAL TRANSFER AND ONLY BE $10 MILLION DOWN TO $7.5 MILLION, I'LL TALK MORE ABOUT THIS IN RESOLUTION THAT'S ABOUT 4.4 PERCENT OF OUR OVERALL EDUCATION BUDGET, THE CAP TO THIS IS 15 PERCENT SO WE ARE SIGNIFICANTLY UNDER THAT AND HAVE CONTINUE TO DROP THAT YEAR OVER YEAR. INTEREST IS ALWAYS GOING TO CONTINUE DEPOSITED IN THE EDUCATION FUNLT GAOERKS DROP THAT A LITTLE BIT BALLS OF WHAT WE ANTICIPATE FOR INTEREST RATES BUT FEDS ARE INDICATING THEY MIGHT RAISE THOSE INTEREST RATES A LITTLE MORE THE NEXT FEW MONTHS SO WE WILL PLAN FOR A DROP. COMMERCIAL VEHICLE EXCISE TAX OPERATIONS FUND AND EXCISE TAX WAS PREVIOUSLY PROVIDE ALL PROPERTY TAX FUNDS IN THE 2027 BUDGET THAT'S GOING TO BE DPOGS IT INTO THE OPERATIONS FUND THAT THE LOUFD A LITTLE BIT FOR THAT DROP IN TRANSFER. WANT TO BRING THIS BACK BEFORE YOU. APPROVED THIS THROUGH RESOLUTION IN JUNE WHEN WE FUTURE REFERENDUM ON THE BALLOT BUT WE WANTED TO CALL THIS OUT AND DO A ACCEPT PLATE APPROVAL AS PART OF THE BUDGET PROCESS. PASS A REMEENLDER THE FRUNLD SPENDING PLAN FOLKS A MAJORITY OF SPENDING OPEN TEACHER SALARY AND BENEFITS FOR HSC SCHOOLS IT'S EXTENSION OF THE EDUCATION FUND SO THAT HASN'T CHANGED. BEHAVIORAL HEALTH SERVICES WAS PREVIOUS LILY PAID OUT AFTER DIFFERENT FUND THE EDUCATION FUND WE MOVED OVER TO THE REFERENDUM THAT IS NOT A NEW SERVICE. THIS IS SOMETHING THE BOARD PREVIOUSLY APPROVED AND SCHOOL SAFETY AND SECURITY I CAN'T SAY ENOUGH ABOUT THE PARTNERSHIP SPLIT THE COST SRO'S AND QUALITY
[00:10:08]
OF WORK TAKES PLACE WHENEVER ANYTHING IS NIALL FITZGERALDED THOSE FOLKS JUMP IN, IN ADDITION TO THAT WE HAVE A FAIR AMOUNT OF TRAFFIC, THE DWIGHTER LAST YEAR IN FISHERS BUT LAST WEEK THERE'S A FAIR AMOUNT OF TRAFFIC ARRIVING AND DISMISSAL SO THAT'S PART OF THIS. I WANT TO CALL OUT SOMETHING IMPORTANT THIS SPENDING PLAN SETS TO SPEND $CAN 31.2 MILLION IN THE FRUM. HOWEVER THE REVENUE COMING INTO THE REFERENDUM IF IT IS SUCCESSFUL IS ABOUT 29-9.WE ARE SPENDING A LITTLE CASH DOWN IN THIS FUN.
THIS IS OUR TRANSPARENT EFFORT TO RECOGNIZE WE ARE ONLY GOING TO ALWAYS RECOMMEND WHAT WE NEED NO MORE THAN THAT.
SO A LOT OF INFORMATION OUT ABOUT THE REFERENDUM.
THE REFERENDUM WILL NOT BRING IN $31.2 MILLION IF IT'S SUCCESSFUL. IT'S CLOSER TO 29.9 OR $30 MILLION SO THAT WAS PURPOSEFUL BUT NO MORE THAN WHAT WE FIELD.
THERE ARE BEFORE YOU RESOLUTIONS I THINK AND TLUNL ARE QUESTIONS, WE CAN GO ONE BY ONE AND TALK ABOUT EACH OF THESE PART OF THIS
MOVING ON TO WE WILL DO EACH RESOLUTION SEPARATELY A DISCUSSION FOR EACH AT ONE AND ROLL CALL.
FIRST ONE 2027 BULLS REPLACEMENT DO I HAVE A MOTION TO APPROVE THE BUS REPLACEMENT PLAN AS PRESENTED?
>> SO MOVED. 3 >> YEAH, I'LL GO AHEAD AND BRING THAT UP IF THAT WOULD BE OKAY. THAT WAY WE QUICKLY REVIEW IT.
JEFF DO YOU MIND BRINGING UP THE BUS REPLACEMENT PLAN? SO AS JEFF IS BRINGING THIS UP, THIS IS A REPLACEMENT PLAN THAT IS JUST A REVOLVING PLAN OF WHAT BUSES ARE NEEDING REPLACEMENT GENERALLY A BULLS IS GOOD IMPORTANT ABOUT 12 YEARS.
THIS PLAN YOU'RE GOING TO SEE 16 BUSES REPLACED IN 2027.
AT A COST OF $CAN 3. THAT THREE MILLION IS PAID OUT OF G.O. BONDS SO NO OPERATIONAL EXPENSES FOR A SCHOOL BULLS AND CAN JEFF DO YOU MIND TO BRING ACTUAL PLAN UP? THAT'S THE RESOLUTION. THERE'S A PLAN THERE AS WELL.
AND THIS PLAN THANK YOU LISTS EVERYONE OF OUR BUSES ANYTHING YOU SEE IN 2027 WOULD BE DUE FOR REPLACEMENT IN THE APPROXIMATE COST OF THE BUS THERE. SO THANK.
>> THANK YOU. DIVE MOTION TO APPROVE THE 2027
BUS REPLACEMENT PLAN? >> SO MOVED.
>> ANY QUESTIONS OR COMMENTS FROM THE BOARD? SEEING NONE CALLING THE QUESTION ALL IN FAVOR AYE.
>> THIS IS THE EASIEST PLAN WE WILL APPROVE BALLS WE HAVE SHIFTED EXPENSES CAP TAG PROJECTS TO G.O. BONDS SO THERE ARE NO SCHEDULED EXPENSES OVER $10,000 IN CAPITAL ACQUISITION OR CAPITAL IN NATURE BECAUSE THAT'S ALL G.O. BONDS SO YOU'RE APPROVING A PLAN SAYING THERE'S NO PLAN.
>> DO I HAVE A MOTION TO APPROVE THE CAPITAL PROJECTS FUND AS
>> SECOND. >> SNEAKED QUESTIONS OR COMMENTS, CALLING THE QUESTION ALL IN FAVOR AYE.
>> INTEREST, SCHOOL DISTRICTS HAVE AUTHORITY ULTIMATELY THE BOARD HAS AUTHORITY TO WHERE WE PLACE ALL OUR INTEREST DOLLARS EARNED SO TO CLARIFY ALL OUR MANE CEREMONY MAINTAINED AT EVER WISE CREDIT UNIT, OUR INTEREST RATE CONTINUES TO BE ALL OTHER SOURCES CAN BE INCLUDING CD'S AND OTHER TOOLS LIKES TRUST INDIANA SO WE CONTINUE TO MAINTAIN THEM THERE.
THIS RESOLUTION SELLS ANY MONEY THAT'S NOT CONNECTED TO A BOND BECAUSE WE CAN'T TAKE FRONT BONDS AND PUT IT IN A FUND, BUT OUTSIDE OF THAT NIP INTEREST THAT IS COLLECTED WILL BE DEPOSITED INTO THE EDUCATION FUND SO THIS IS SOMETHING THAT WE HAVE FLEXIBILITY ON BUT HISTORICALLY THIS IS WHERE WE
PUT THOSE DOLLARS. >> DO I HAVE A MOTION TO APPROVE
>> ANY QUESTIONS OR COMMENTS FROM THE BOARD? SEEING THAT THERE IS NONE CALLING THE QUESTION ALL THOSE IN FAVOR SAY AYE. PASSES 7-0.
MOVING ONLY. >> SO THE NEXT ITEM UP IS THE RESOLUTION THE TRANSFER THE ANNUAL AMOUNT FROM EDUCATION TO OPERATIONS, AND JUST 30 SECONDS HISTORY THIS GOES BACK TO THE
[00:15:03]
WAYS BUDGETS AND NAINTS 2019 WHEN WE HAD A GENERAL FUND, A CAPITAL PROJECTS FUND THINGS THAT NATURE EXPENSES THAT LIVED IN THE GENERAL FUND NOW IF EDUCATION FUND GOT SHIFTED TO OPERATIONS SO STATE STATUTE ALLOWS US TO TRANSFER UP TO 15 PERCENT OF THE POTENTIAL REVENUE COMING INTO THIS FUND, THE RESOLUTION BEFORE YOU TRANSFERRING ANNUAL AMOUNT OF $7.A MILLION ONLY 4.4 PERCENT WELL BELOW THE 15 PERCENT THRESHOLD THAT WE HAVE AS A SCHOOL DISTRICT.>> DO I HAVE A MOTION TO APPROVE THE TRANSFER RELATION LUGS AS
>> DO I HAVE A SECOND. >> SNEAKED ANY QUESTIONS OR
COMMENTS. >> JUST ONE QUICK COMMENT I JUST WANTED TO HIGHLIGHT THIS ONE AND SPECIFICALLY AND THANK YOU FOR THE WORK ON THIS ONE. I KNOW THERE WAS CONCERN LAST YEAR ABOUT HOW MUCH MONEY WAS MOVED AND WHAT WE WERE AUTHORIZING, NICE TO KNOW TWEELD AUTHORIZED $15 MILLION BUT
TRANSYLVANIAFORD TEN. >> CORRECT AND REDUCED THAT DOWN TO 7.5. TOOK A LOT OF WORK.
AND I WOULD BE REMICE IF I DIDN'T RECOGNIZE OUR FORMER EMPLOY BRIAN RAUSH SO THANK YOU AND TO BE BRIAN.
>> ABSOLUTELY. >> THANK YOU GREAT POINTS.
ANY FURTHER QUESTIONS OR COMMENTS? NONE? GREAT.
ALL THOSE IN FAVOR AYE. >> OPPOSED NAY.
PASSES 7-0 THANK YOU MOVING ON. NUMBER 5 REFERENDUM SPENDING
PLAN. >> SO THIS IS BRINGING THE PLAN YOU SAW IN CHLOROFORM, AGAIN THE FOCUS IS TEACHER SALARY BENEFITS $29 MILLION BEHAVIORAL HEALTH 27,000 SECURITY SHY $6.1 MILLION RECOGNIZING THIS IS OUR SPENDING PLAN.
IF THE SFRUMD SUCCESSFUL THIS WILL BE ANNUAL APPROVAL THROUGHOUT THE BUDGET PROCESS EACH YEAR.
>> DO I HAVE I HAVE A MOTION TO APPROVE THE REFERENDUM SPENDING
>> ANY QUESTIONS OR COMMENTS FROM THE BOARD?
I ACTUALLY HAVE SOME MYSELF. >> YES.
>> IF WE PASSION THIS REFERENDUM, ARE WE GOING TO LOWER DEBT SERVICE WHEN DEBT COMES? YES, SO AS WE TALKED ABOUT EARLIER WE DID ALREADY MAKE AN EFFORT TO KEEP DEBT SERVICE FLAT WHICH IN ESSENCE IS LOWERING IT BECAUSE THE OVERALL ASSESSED VALUE DROPPED AND WE DID LOWER THE DEBTS SERVICE EXEMPT FUND WHICH IS THE REFERENDUM FUNNELED SO EVERY YEAR WE'RE VALLEY WAITING THAT THE I WILL TELL THAT YOU TOMORROW WE ARE ACTUALLY SELLING OUR SECOND ISSUANCE OF OUR 2026 G.O. BONDS. WE HAD THE ABILITY TO SELL $25 MILLION AND THROUGH EFFORTS AND ENERGY OF EVERYONE WE ARE ONLY RECOMMENDING TO SELL 18 SO THIS BOARD HAD ALREADY APPROVED $40 MILLION. WE ARE GOING TO ONLY SELL 15 AND 18 SO 33 MILLION, 7 MILLION SHORT.
WHAT DOES THAT MEAN, IT ALLOWS TO US PAY THOSE QUICKER AND CONCERN LESS DEBT AND ALLOWS TO US CONSIDER FUTURE PROJECTS AS
WELL. >> THANK YOU ANOTHER QUESTION.
BECAUSE THE BOARD HAS NOT SEEN A BUDGET PLAN IF THE REFERENDUM DOES NOT PASS, CAN YOU EXPLAIN THE REFERENDUM SPENDING PLAN SEARCH AS IF YOU DOES NOT PASS ARE THOSE POSITIONS THE FIRST ONES TO BE ELIMINATED? OR WHAT DOES THAT LOOKS LIKE
WHEN WE READDRESS THAT. >> YEAH GREAT QUESTION.
SO WHEN YOU LOOK AT THAT TIME THREE MAJOR FUNLDZ REFERENDUM EDUCATION AND OPERATIONS ALTHOUGH THEY'RE SEPARATE BUCKETS THEY WORK HAND IN HAND. WE JUST APPROVED A TRANSFER FROM ED TO OPS WE ARE TALKING ABOUT HOW THIS IS EXTENSION OF OUR EDUCATION FUNDS F. THE UNFORTUNATE HAPPENS THE REFERENDUM IS NOT SUCCESSFUL, IT'S NOT NECESSARILY THESE THINGS GO AWAY. W WOULD HAVE TO TAKE A VERY DETAILED LOOK JUST LIKE THE BUDGETS TASK FORCE DID BEFORE AND SAY WHAT THINGS WOULD WE CONSIDER AS THE FIRST STEP IN DOING THIS. IF THEY'RE IN THE REFERENDUM, THAT COMES DIRECTLY OUT OF THAT. IF NOT, THEN WHAT IMPACT DOES THAT HAVE ON THE EDUCATION FUNNELED WHAT DOES IT HAVE ON THE OPERATIONS FUNNELED. SO I DON'T THINK IT'S TO YOUR I DON'T THINK EYE EASY AS SAYING THIS GOES AND THIS GOES ON THIS PAGE. I THINK HAVING IS UP FOR
DISCUSSION AND CONSIDERATION. >> SO TO CLARIFY THOSE POSITIONS ARE NOT THE FIRST TO BE EXAMINED OR ON THE FIRST TWO -- WE'RE IN ORDER BE HOLDING TO THEM IF THIS REFERENDUM DIDN'T SNAS.
>> SO, BEHAVIORAL HEALTH WOULD NOT BE THE FIRST TO GO
EVERYTHING WOULD BE CONSIDERED. >> THANK YOU.
THE NEXT QUESTION BECAUSE I WAS VERY STRINGENT ON THIS WITH PREVIOUS ADMINISTRATION AND I TWUNT MAKE SURE I'M NOT SHOWING FAVORITISM WHEN DO WE EXPECT TO SEE A BUDGET IF THE FRUM DOESN'T
PASS. >> IF NOT SUCCESSFUL WE WOULD RECONVENE THE BUDGET TASK FORCE AND GET BUSY.
[00:20:03]
YOU'RE IN NOVEMBER-DECEMBER SO I DON'T KNOW I COULD GIVE YOU AN STAKT DATE BUT WE WOULD BE IN COMMUNICATION WITH THE BOARDFURTHER QUESTIONS OR COMMENTS FROM THE BOARD.
>> I JUST HAVE A COMMENT OR A QUESTION FOR YOU.
CAN YOU CLARIFY FOR THE ROOM BUDGET THAT IS BEING APPROVED TONIGHT FOR THE CALENDAR YEAR 2027 REFERENDUM OR NOT WOULD BE ABLE TO BE EXECUTED WE WOULD NEED TO BRING THE TASK FORCE TOGETHER BY JANUARY-FEBRUARY BY THE TIME WE GOT GROUPS TOGETHER BEGAN TO MEET AND TALK ABOUT WHAT CUTS MIGHT HAPPEN IMMEDIATELY OR IF THERE WERE STAFF IMPLICATIONS THAT WOULD LIKELY BE INCURRED FOR THE NEXT SCHOOL YEAR.
>> CORRECT. >> THANK YOU FOR CLARIFYING.
>> YES, SO WE TALK ABOUT HOW WE TILLS HIGH FOR THE BUDGET.
WE TILLS LIKE ANY SCHOOL GOING OUT FOR A FRUM THAT IT WILL BE SUCCESSFUL. THEY WOULD CUT US TO OUR 1995 RATE IF IT'S NOT SUCCESSFUL. SO IT'S JUST LIKE ANY OF THE OTHERS, IT'S BUILT TO BE CUT IF IT NEEDS TO BE.
IT DOESN'T SLOW THE BUDGET PROCESS.
WITH YOUR APPROVAL THE BUDGET WILL BE A GOOD OR WE ARE CUTTING IT BACK TO 1995. THANKS FOR CLARIFYING.
ANY QUESTIONS OR COMMENTS FROM THE BOARD.
>> I THINK THAT ANSWERED MY QUESTION.
SO IF WE APPROVE THIS BUDGE NET A FEW MINUTES IS THIS AND STANDS
>> REGARDLESS WHAT HAPPENS WITH THE REFERENDUM AND THE GENERAL IDEA IF I REMEMBER ABOUT LAST YEAR THIS TIME WHEN WE STARTED CONVENING A BUDGET TASK FORCE AND THOSE THINGS THAT WERE DONE A YEAR AGO NOW THOSE ARE TAKING EFFECT AUTHOR THE TIME TO SERVE THE NEXT BUDGET SO WE ARE WORKING A YEAR AHEAD.
>> ANY FURTHER QUESTIONS OR COMMENTS FROM THE BOARD SEEING NONE QUESTION ALL THOSE IN FAVOR AYE OPPOSED NAY PASSES 7-0.
NUMBER 6, FORM FOR PROPOSE RELATIONS AND TAX RATES AS
PRESENTED. >> SO THIS THE IS REAL BUDGET THIS IS THE FINAL AND MOST IMPORTANT FORM, KEEP IN MIND THESE ARE ADVERTISING THOSE HIGHER RATES AND THOSE HIGHER LEVEE'S. SO AS THE CAN FIRST LINE, THE ADOPTED BUDGE SET $31.2 MILLION, YOU SEE LEVY THERE OF 31.4 BUT I SAID IT'S 29.9 SO THAT'S THE PROTECTION IT'S ADVERTISING HIGH, THE TAX RATE WE ADVERTISE EXACTLY WHAT THE MAXIMUM COULD BE COULD BE THE BOARDS HAS APPROVED 22 PERCENT SO THIS IS THE FINAL STEP APPROVING THE BUDGETS AND WITH THAT WE WOULD
ATTACH TO IT DLGF. >> DIVE MOTION TO APPROVE THE PROMOTE RELATIONS TAX RATES RESOLUTION AS PRESENTED.
>> SO MOVED. >> DO I HAVE A SECOND.
>> SECOND. >> ANY QUESTIONS OR COMMENTS FROM THE BOARD. SEEPING THAT THERE'S NONE CALLING THE QUESTION ALL THOSE IN FAVOR AYE.
>> BIG RELIEF THANK YOU ALL VERY MUCH.
[4. Information Items]
MUCH APPRECIATED. >> THANK YOU.
IS THANK YOU. MOVING ON TO INFORMATION, PUBLIC
BARGAINING BY TIM BROWN. >> GUILT ME TONIGHT.
I WOULD LIKE TO TAKE A MOMENT TO GO AHEAD AND BRING UP THE PRESENTATION AND TO RECOGNIZE FARRAHLY TAXCO CHAIRS.
I ECHO THEIR COMMENTS. I THINK WE PUT TOGETHER SOMETHING AGREEABLE FOR BOTH PAR HIS ADVERTISE AND THERE'S NO DOUBT EVERYBODY INVOLVED SPENT A LOT OF TIME AND EFFORT BUT THE COOL PART IS EVERYBODY THAT IS SAME COMMON GOAL TO PUT AS MUCH IN THE HANDS OF OUR TEACHERS AS ALLOWED AND IDLE REPRESENT THAT SO WE WILL DIVE IN. SO, '26 '27 PROPOSED CHANGES WHEN IT COMES TO SALARY INCREASES, I WANTED TO IDENTIFY AND THIS BECOMES IMPORTANT FOR WHAT WE ARE GETTING READY TO TALK ABOUT TO BE ELIGIBLE FOR A RAISE BAILS SALARY INCREASE THAT PERSON HAD TO BE EMPLOYED 120 DAYS DURING THE '25-26 SCHOOL YEAR IF THEY NEED MEET THAT FIRST KRIELT $125,000 WOULD GO TO BASE ACTION AND REFERENDUM SUCCESSFUL $306, FOR 108 , WILL 28. NEW LEGISLATION HAS PUT EMPHASIS ON EARLY LITERACY ENDORSEMENT SO ANY STAFF MEMBER THAT COMPLETED THAT BY RATIFICATION MEANING YOU TOOK THE TEST, TOOK A PRETTY
[00:25:03]
EXTENSIVE COURSE TO COMPLETE THAT AND THEN AS I MENTION PASS THE PRAXIS TEST AND ADD THERE TO YOUR LICENSE THEN WOULD BE ELIGIBLE FOR A $200 BAILS SALARY INCREASE.ON TOP OF WHAT I PREVIOUSLY MENTIONED.
BALLS NEW HIRES FOR IF '26-27 SCHOOL YEAR DID NOT HAVE 120 DAYS WE WANTED TO RECOGNIZE THEM SO THOSE FOLKS WOULD NOT ELIGIBLE FOR THOSE SALARIES I PREVIOUSLY MENTIONED BUT BY INCREASING THE STARTING PAY FOR THE DISTRICT THEY WOULD HAVE A $500 BASIN CREASE AND THAT IS TIED JUST IN THE WAY WE PUT THIS TOGETHER IN A CALCULATED TO SUCCESSFUL REFERENDUM VOTE.
THERE ARE A COUPLE ITEMS HERE UNIQUE A SUPPLEMENTAL PAYMENT.
I KNOW THE BOARD HAS BEEN BRIEFED ON THIS ALREADY BUT THERE ARE TWO ITEMS IN PLAY HERE AND TALK A LITTLE BIT ABOUT WHY A SUPPLEMENTAL PAYMENT UNDER STATUTE ANY PARTICULAR YEAR'S RAISE CANNOT BE MORE THAN 50 PERCENT TIED TO EVALUATION, EXCUSE ME, EDUCATION OR EXPERIENCE.
EDUCATION OR EXPERIENCE SO $4,000 BASE SALARY INCREASE FOR MASTER'S DEGREE WOULD VIOLATE THAT RULE SO TO WORK AROUND THAT PROCESS IF THE BOARD APPROVES THIS AGREEMENT, NEXT WEDNESDAY RIGHT BEHIND THAT WE WOULD HAVE A LIST OF EMPLOYEES THAT HAVE EARNED THEIR MASTER'S DEGREE FROM DECEMBER 15, 204 THE LAST TIME WE PAID THIS UP TO THE RATIFICATION OF THE AGREEMENT WHICH WOULD BE NEXT WEDNESDAY PENDING BOARD APPROVAL SO THAT'S A UNIQUE WAY TO APPROACH THIS BUT HONORING THOSE WITH MASTER'S DEGREE. ANOTHER GROUP CAUGHT IN THE MIDDLE OUT THIS WORKS WOULD BE A GROUP THAT WERE EMPLOYED LAST YEAR AFTER NOVEMBER 7TH SO THIS IS A GROUP THAT WOULD THE NOT HIT 1207 DAYS BUT ARE IN HIM POE PERIOD.
THEY'RE NOT ELIGIBLE FOR BASE SAL RIN KREELS BUT WE ARE GOING TO DO $500 FOR NEW TEACHERS AND PASS THESE FOLKS SOEZ THERE'S A SHORT LIST OF 14 STAFF MEMBERS THAT WE WOULD BRING AS SUPPLEMENTAL PAYMENT TO MAKE SURE THESE FOLKS DON'T GET JUMPED AND HONOR THE WORK THEY DID LAST SCHOOL YEAR.
ON OUR DOCUMENT I NOTE WE SAID THIS WAS JANUARY 1ST WE WANT TO GO ALL THE WAY BACK TO NOVEMBER 7TH BECAUSE THAT WOULD BE THE 120 DAY MARK SO SLIGHT CHANGE FROM ON LINE BUT POTENTIALLY CAPTURES A FEW MORE TEACHERS. THE GOING AWAY FROM SALARY TALKING ABOUT SOME OF STILL SALARY BUT EXTRA COMPONENTS E-SPORTS IS BECOMING MORE POPULAR AND SOME OF OUR GREAT TEACHERS ARE LEADING PROGRAMS AT HIGH SCHOOLS SO WE DID ADD ECA TO EACH HIGH SCHOOL WITH THE A MULTIPLIER OF FOUR WHEN I SAY MULTI-FIRE OF FOUR THE BASE NUMBER IS $400 SO THIS WOULD BE $1600 STIPEND. .
HIGH SCHOOL END PEN B ENTREPENURIAL SPONSORSHIP WOULD BE A MULTIPLIER OF 12 BUT WOULD BE PAID BY CLASS PROCEEDS SO AS PART OF THE WORK OF THE CLASS THEY'RE EARNING OR RAISING FUNDS THOSE FUNDS A PORTION WOULD BE USED TO PAY THE TIME THE SPONSOR HAS PUT INTO THAT SO NO COST NECESSARILY TO THE DISTRICT BUT HONORING THE FOLKS DOING THAT WORK.
WE RLS RECOMMENDING TO ADD HIGH SCHOOL GUIDANCE DEPARTMENT CHAIRS YOU MAY REMEMBER DEPARTMENT CHAIRS WERE REMOVED END OF LAST YEAR IN REPLACE OF GUIDING COALITION WHERE WE RECOGNIZE THAT THERE NEEDED THAT ROLE IN HIGH SCHOOL DEPARTMENT CHAIRS SO THAT'S A NEW POSITION RECOGNIZE THAT IS WORK AND MULTI-PLAYER OF 7. COUPLE OTHERS, WE THE PEOPLE HAD AN INCREASE FROM A MULTIPLIER OF 5-10 BASED ON THE WORKLOAD AND THE TIME AND EFFORT THOSE FOLKS ARE PUTTING IN AND ANYBODY PICKING UP ECA IS PUTTING IN SO MUCH HOURS TIME AND EFFORT THOSE FOLKS PUT WAY MORE TIME IN THAN WE CAN EVER COMPENSATE THEM FOR AND GUIDING COALITION JUST INCREASE BASED ON NUMBERS FROM A MULTIPLIER OF TWO TO A MULTIPLIER OF THREE SO THAT'S A $400 INCREASE. NEW HIRE SCHEDULE REALLY IMPORTANT DETAIL HERE THIS DOES NOT APPLY TO NIBBLE WHO IS CURRENTLY ON STAFF. THIS HAS HAVING TO DO WITH SOMEONE NEW COMING INTO THE DISTRICT SO OUR TRADITIONAL FORMULA HAS BEEN $48,500 APPLAUSE THOUSAND FOR EVERY YEAR EXPERIENCE PLUS FOUR THOUSAND IF YOU HAVE A MASTER'S NOW PLUS 200 IF YOU HAVE A LITERACY ENDORSEMENT INCREASING $750 SO THE STARTING NUMBER IS $49,250. PRIOR TO THE REFERENDUM THAT STARTING NUMBER BECOMES $49,500 WITH SUCCESSFUL PASSING OF THE THE REFERENDUM BUT THIS DOES NOT APPLY TO CURRENT STAFF.
[00:30:03]
THIS WOULD BE ANYBODY NEW HIRE AFTER RATIFICATION ON NOVEMBERFOURTH. >> EXCUSE ME CAN YOU SAY THOSE TWO NUMBERS AGAIN BEFORE AND AFTER REFERENDUM.
>> SO RIGHT NOW, THE NUMBER THAT STARTS IS $48 ,500.
AS A PART OF THE ACTUAL AGREEMENT, THE NUMBER WILL MOVE FOR CURRENT STAFF TO $49,000. IF THE PRIOR TO THE REFERENDUM THIS, WOULD THEN MOVE TO $49,250.
WITH THE SUCCESSFUL REFERENDUM IT WOULD MOVE TO $49,500.
>> THANK YOU APPRECIATE IT. >> MOVING TO HEALTH DENTAL VISION INSURANCE LIKE TO HIGHLIGHT NO CHANGES IN CONTRIBUTIONS NOR PREMIUMS EVERYTHING STAYED THE SAME ENVISION AND DENTAL. AS WE TALKED ABOUT AND BEEN PREVIOUSLY BOARD APPROVED THERE WAS ESTIMATED CAN CONTRIBUTION OF NEARLY $2.5 MILLION IN BARGAINING UNION MEMBERS HEALTH INSURANCE PLANS THIS, HELPED TO NEGATE THE INCREASE WE WERE FACING WITH THE CREATIVE APPROACH OF THE COMMUNITY ONLY HEALTH PLAN. I'M HAPPY TO REPORT WE HAVE ALREADY HELD THREE OF OUR FOUR STAFF MEETINGS AND THEY'VE BEEN WELL ATTENDED LAST ONE FOLLOW NIGHT AT 6:00 AND WE HAVE HAD MANY POSITIVE COMMENTS ALL THOSE THESE ARE DIFFICULT DECISIONS FOR EVERYONE MANY PITCH CAN COMMENTS ABOUT THAT.
BUT ONE. THINGS THAT HAPPENS JUST ANECDOTALLY WHEN YOU TALK ABOUT COLLECTIVE BARGAINING GRIEVANCES EVERYBODY FOCUSSES ON WHAT DID X OR Y SCHOOL ASSEMBLE, I DON'T WANT TO UNDER SELL THE SIGNIFICANT INVESTMENT THIS HAS IN HEALTH INSURANCE BECAUSE THAT DONE ALWAYS GET CAPTURED WHEN YOU LOOK TO THAT NUMBER. THAT IS REALLY BIG DEAL AND YOU KNOW, SIGNIFICANT INVESTMENT IS THE WAY I WOULD SAY IT AND REALLY ALL OUR EMPLOYEES. I'M CALLING OUT BECAUSE THIS IS ABOUT THE TENTATIVE AGREEMENT BUT WAITS SIGNIFICANT INVESTMENT IN ALL OUR EMPLOYEES. HEALTH INSURANCE IS NOT GETTING ANY CHEAPER. ONE UNIQUE ITEM THIS YEAR WAS HS LA CONTRIBUTION FOR MARRIED TEACHERS, SO IF BOTH TEACHERS ARE PART OF THE COLLECTIVE BARGAINING AGREEMENT TLIERNLD ON EMPLOYEE SPOUSE OR FAMILY HEALTH PLAN $20,000 HAS BEEN DEDICATED DIVIDE EVENLY BY THE NUMBER OF MARRIED TEACHERS BUT THAT WOULD BE A CONTRIBUTION TO THEIR HSA SO WE ALREADY CONTRIBUTE TO HSA THIS WOULD BE ABOVE BEYOND THAT FOR THIS SPECIFIC GROUP OF
>> AND THEN SOME LANGUAGE ITEMS. AS CRAIG AND BREE HAD MENTIONED THE CHANGE TO PTO, SO CURRENTLY WE HAVE 666 -- SORRY 7 SICK AND 7 PERFECTLY DAY THIS TWO SWITCH TO 14 PTO DAYS AT THE CONCLUSION, WE DIDN'T WANT TO DO IT MID STREAM BALLS IT COULD HAVE INUNINTENDED KONSZ CONSEQUENCES FOR FOLKS NOT KNOWING THAT, SO NAMING JUNE 30 IT STARTS NEXT SCHOOL YEAR WITH ALL FOLKS HAVING 14 PT TO HAVE DAYS THAT CAN BE USED FOR ANY REASON DETERMINED BY THE INDIVIDUAL BUT ONCE EXHAUSTED THIS WOULD ONLY BE ABLE TO TAP INTO PERSONAL SICK BANK OR SICK FAMILY DAYS AND IF THEY DON'T USE ALL THEIR DAYS PERSONAL YEAR THOSE ACCUMULATE IN PERSONAL BACK END OF THE YEAR.
SICK LEAVE BANK WE DO HAVE A BANK OF DAYS AVAILABLE FOR THE MORE DIFFICULT OR CATASTROPHIC EXAMPLES WHEN A STAFF MEASURABLE NO LONGER HAS DAYS AVAILABLE, A SLIGHT NOTE ON THIS IS PENDING DOCTOR APPROVAL THE SBANG NOW ABLE TO APPROVE UP TO A MAXIMUM OF 940 DAYS AND ENROLLMENT PREVIOUSLY WAS DOEKTD THE FIRST SORT OF TEN DAYS OF THE SCHOOL YEAR.
IT'S NOW UNTIL OCTOBER 1ST SORRY SOMEONE NEW TO THE DISTRICT WOULD HAVE 30 DAYS IF THEY COME TO US AFTER OCTOBER 1ST ENTHUSIASM STONL AVAILABLE FOR CLAEKIVE BARGAINING MEMBERS AND MANAGEMENT BY CHECK TIFL BARGAINING UNIT MEMBERS NOT A SIGNIFICANT BUT AN IMPORTANT CHANGE.
AND TWO OTHERS PHYSICAL HARM OR THREAT LEAVE IN THE EVENT THE VERY UNFORTUNATE EVENT A TEACHER IS PHYSICALLY HARMED BY A STUDENT OR A BONAFIDE THREAT MADE BAY STUDENT THAT INDIVIDUAL TEACHER THAT IS PART OF THAT WOULD HAVE ADMINISTRATIVE LEAVE FOR THE REST OF THE DAY OR THE NEXT DAY FIT OCCURS NEAR TEND DATE -- THE END OF THE DAY.
SO JUST OPPORTUNITY FOR REPRIEVE IN THAT DIFFICULT SITUATION AND BEREAVEMENT IS LEAVE WE HAVE A VARIETY OF CATEGORIES, PREVIOUS JUSTLY THEY NEEDED TO TAKEN 3 MONTHS OF PASSING OF THE INDIVIDUAL NOW WITHIN A YEAR OF THE PASSING.
[00:35:01]
>> QUICK QUESTION FOR NUMBER 3 IT'S NO HINDRANCE FOR THE TEACHER, THEY WOULD BE PAID FOR THE DAY.
>> PAID ADMINISTRATIVE LEAVE. YES.
GREAT QUESTION. LAST SUMMARY OF EVERYTHING WE TALKED ABOUT. THE NEXT ACTION AVAILABLE WOULD BE POTENTIAL BOARD RATIFICATION OPEN THE NEXT BOARD MEETING ON WEDNESDAY NOVEMBER 4TH. HAPPY TO TAKE ANY QUESTIONS.
>> ANY QUESTIONS OR COMMENTS FROM THE BOARD?
>> JUST A COMMENT AGAIN, I JUST WANT TO THANK YOU FOR ALL YOUR WORK AND THANK TO YOU THE ASSOCIATION BARGAINING TEAM ALWAYS YOU ALL SAID THIS THING WENT INCREDIBLY SMOOTHLY.
I APPRECIATE TALL WORK THAT WENT INTO THIS AND LEADING UP TO IT MAKING ALL THIS MONEY AND ININVESTMENT AND EVERYTHING AVAILABLE TOOK A LONG TIME AND I REALLY APPRECIATE IT.
THIS WILL BE MY LAST RUN AT A BARGAINING AGREEMENT SO NIGHTS TO END A ON A STRONG NOTE AND FINISH WITH A SMOOTH PROCESS THANK YOU THANK YOU DR. KEGLEY, THANKS TO THE BARGAINING TIME NICE TO WRAP UP POSITIVE KNOW. THANK YOU.
>> THANK YOU. QUESTIONS OR COMMENTS.
>> I JUST WANT TO ECHO THOSE COMMENTS, SO THANK TO YOU DR. KEGLEY TO YOU AND THE BARGAINING TEAM.
I'M PLEELGSED IT WENT SO SMOOTHLY THIS YEAR.
>> THANK YOU. >> I THINK WE ALL CAN SAY THE SAME THING. IT'S GOOD TO SEE POSITIVITY AND KUDOS TO YOU GUYS WORKING THE BARGAINING TEAM DOING SOLE WELL THE ADMINISTRATION AND THE ASSOCIATION THANK YOU FOR ALL
>> GIVE A SHOUT OUT TO MR. TAYLOR WHO IS ALSO A
MEASURABLE OF THE TEAM. >> YES.
[LAUGHTER] >> THANK YOU TO UP A-ALL.
NOW WE ARE OPEN UP TO A PUBLIC HEARING, MEMBERS OF THE PUBLIC WISH TO SPEAK ON MATTER CAN COME TO THE PODIUM YOU'LL HAVE 3 MINUTES TO SPEAK. CALLING ANY SPEAKERS.
SEEPING THAT THERE IS NONE, CLOSING THE PUBLIC HEARING.
I'M NOW GOING TO CLOSE THE PUBLIC HEARING.
ANY QUESTIONS OR COMMENTS FROM THE BOARD WHICH WE ALREADY CAN ADDRESSED? GREAT.
CLOSING MOVING ON TO NEXT ITEM 4.02.
>> WE HAD THROUGH BOARD ACTION YOU HAD GIVEN TUESDAY AUTHORITY TO MOVE FORWARD WITH THE AUCTION OF SELLING THE 16.14 ACRES NEAR 136TH STREET AND PRAIRIE BAPTIST ROAD AND I WANT TO PROVIDE UPDATE ON THAT THE REMINDER THIS IS THAT PROPERTY WE PREVIOUS LUTZLY HAD DEATH KATE A PORTION TO THE FIRE STATION A NUMBER OF YEAR AGO SO WE FEEL LIKE WHERE IT'S LOCATED WE NO LONGER NEED THAT PROPERTY FOR SCHOOL PURPOSES SO WE GOT YOUR PERMISSION TO MOVE THAT TO AUCTION.
SO, THE LIVE AUCTION WAS HELD FROM SEPTEMBER 24 TO OCTOBER 21ST, WE RECEIVED A TOTAL OF 457 BIDS HOWEVER OUR TARGETED SELL PRICE WASN'T AMENDMENT AND WE HAD FULL AUTHORITY TO REJECT THOSE. I'LL TALK ABOUT HOW WE ARE GOING TO DO THAT FOR A MINUTE BUT WE DIDN'T ACCEPT ANY OFFERS FOR THE PURCHASE OF THE PROPERTY. WHAT WE DID LEARN THIS PROCESS THERE WERE SEVERAL INDEPENDENT DEVELOPERS THAT JUST NEED A LITTLE LONGER DUE BILLION DILIGENCE PERIOD THEM COULD NOT CLOSE WITHIN 30 DAYS AND MANY TALKED TO OUR AUCTIONEER AND SAID WE ARE PUBLICLY TRADED WE'RE NOT IN POSITION TO BE ABLE TO DO THIS SHORT TERM, WE NEED LONGER DUE DILIGENCE TO CLEELS.
THE NEAT PART IS THE AUCTION DID SERVE AN IMPORTANT PURPOSE.
IT BROUGHT IN NUM FOLKS WE DID NOT KNOW HAD INTEREST IN THE PROPERTY CLUGT ONE FROM OUT OF STATE.
SO THERE ARE SEVERAL INDEPENDENT PARTIES THAT ARE ABSOLUTELY READY TO MOVE FORWARD ON AN OFFER BUT NOT IN THE SHORT TIMELINE WE HAD. SO OUR RECOMMENDATION WILL BE TO COME BEFORE YOU OPEN THE NOVEMBER 11TH MEETING TO ALLOW MET SINKER PROPERTY TO BROKER WITH ALL BUYERS AND I'LL TALK ABOUT THAT THE TIMELINE IN A SECOND.
ON NOVEMBER 11TH NEXT TIME OUTSIDE OF THE POTENTIAL RATIFICATION OF CONTRACT WE WOULD BRING RESOLUTION THAT WOULD REJECT ALL PREVIOUS BID AND APPROVE THEM TO BE ABLE TO BROKE TER PROPERTY. WHAT WOULD HAPPEN IS THEY WOULD PUT NOTICE OUT TO THOSE FOLKS THAT BID INCLUDING SOME OF THOSE NEW PLAYERS AND ASK THEM TO PROVIDE AN OFFER WE HAVE INTENTS THAEKS SEED OVER $2 MILLION AND SOME SUBSTANTIALLY MORE THAN SO I'M CONFIDENT WE ARE GOING HIT OUR MARK WE NEED TO ALLOW FOR LONGER PERIOD OF TIME SO WE ARE GOING ACCEPT THOSE OFFERS IN NOVEMBER AND DELLS AND THEN WE WOULD COME BACK TO THE BOARD DEPENDING ON TIME TO GO ACCEPT THE BELLS OFFER AND AGAIN IF THE APPROVAL OF THE BROKER TAKES PLATES BY THE BOARD, THEY WILL THEN WORK AND NEGOTIATE WITH EACH OF THOSE PIRATES AND SO, IT WILL BE MUCH MORE OF THIS IS WHAT WE HAVE IF YOU'RE WILLING TO TRY TO BEAT THAT HERE IS YOUR CHANCE TO DO SO AND WE WOULD
[00:40:01]
BRING FINAL OFFER TO THE BOARD. IF THE BOARD APPROVED THAT DELLS JANUARY DENTING ON TIMEING THE DOWN PAYMENT PROCESS WOULD HAPPEN. WE WOULD HAVE TERMS ALL CLEARLY OUTLINED THAT THOSE DOLLARS WOULD NOT BE REFUNDABLE IF THE PARTY BACKED OUT. DUE DILIGENCE COULD LAST A YEAR PERHAPS LONGER BUT THERE WILL BE VARIOUS POINTS IN TIME THEY'LL CONTINUE TO HAVE TO MAKE PAYMENTS AT THE PRICE POINT WE ARE LOOKING THE FIRST DOWN PAYMENT WOULD EXCEED ANY PROPERTY LEASING TO A FARMER SO LET'S PLAY A WORSE SNAURPIO BUYER OFFERS A PRICE DOWN PAYMENT DOWN 8 MONTHS IN THE PROCESS WE HAVE MORE REVENUE ON THIS PROPERTY IF WE LEASED IT OUT, IF ALL GOALS ACCORDING TO PLAN, OUR BUYERS ARE SERIOUS THEY NEED MORE TIME IT'S A PRETTY HOT PROPERTY IN FISHERS INDIANA TO PUT HORRIBLE OUTING ON, IF ALL COMES TO PLAN WE WOULD CLOSE LATE 2027 OPEN THE PROPERTY.UPDATE REALLY NO ACTION FOR ANYTHING WE HAVE COMMITTED TO THE PROCEEDS HELPING TO BUY DOWN THE INTERNAL LOAN FOR OTHER HEALTH BENEFIT PLAN SO THIS IS MEANT TO CHIP AWAY AT THAT SO BEING ONE TIME MONEY YOU CAN'T PUT IT TOWARD SALARIES OR ANYTHING ON GOING CAN BUT IT SPORS EVERYBODY ON OUR HEALTH
PLAN. >> ANY QUESTIONS OR COMMENTS
FROM THE BOARD. >> MR. BROWN GO AHEAD AND CONFIRM WHAT YOU MEAN BY DOWN PAYMENT IS MORE ERNIE MONEY TYPE
>> AND THERE WILL BE TERMS AND DUE DILIGENCE INVOLVED IN THAT SO THERE'S ONE YEAR DUE DILIGENCE SOMEONE PULLS OUT DURING SOME PROCESS IN TIMING WE AS THE SCHOOL DISTRICT CONTINUE TO HOLD ON TO THAT EARNEST MONEY AND THE PROPERTY WILL GO BACK ON THE MARKET FOR OPEN BUILDING AGAIN.
>> 100 PERCENT AND MR. GRIESEL IS WORKING ON THAT SO THAT WOULD BE WHAT WOULD COME BEFORE YOU ON NOVEMBER 11.
>> CLOSING DISCUSSION. MOVING ON.
ME
* This transcript was compiled from uncorrected Closed Captioning.