[00:00:01]
RIGHT. WE'RE GOOD. ALL RIGHT. WELCOME. WE WILL NOW CALL INTO SESSION THE MUNICIPAL BUILDING
[Call to Order]
AUTHORITY BOARD MEETING FOR MAY 26TH, 2026. WE HAVE ALL OF OUR MEMBERS HERE, AND WE ARE READY TO BEGIN THIS MEETING. THE TIME IS 840, AND WE'RE RECEIVING COMMENT ON THE FISCAL YEAR 2027[a. Public Hearing to Receive Comment on the West Jordan Municipal Building Authority Fiscal Year 2027 Budget]
TENTATIVE BUDGET. AND OUR BUDGET ANALYST, BECKY CONDIE IS HERE AGAIN. THANK YOU. BOARD.THIS IS THE PUBLIC HEARING FOR THE MUNICIPAL BUILDING AUTHORITY BUDGET FOR FISCAL YEAR 2027. AS A REVIEW, THE MUNICIPAL BUILDING AUTHORITY IS THE ENTITY THAT COLLECTS LEASE PAYMENTS FROM THE GENERAL FUND AND THE UTILITY FUNDS FOR LEASING SPACE IN OUR PUBLIC WORKS. BUILDING. THAT REVENUE IS USED TO PAY FOR THE DEBT SERVICE ON THE 2016 LEASE REVENUE BOND, AND ONLY THAT. AS YOU CAN SEE HERE, THE THE LEASE PAYMENTS FROM THE GENERAL FUND AND THE UTILITY FUNDS EQUATE TO $1.8 MILLION, AND THAT TURNS AROUND AND PAYS THE DEBT FOR THIS YEAR, THIS BUDGET YEAR ON THAT BOND PAYMENT, THOSE RESERVES OF $1.98 MILLION ARE HELD UNTIL THE FINAL YEAR OF THE DEBT, AND IT WILL BE INCLUDED AS THE FINAL PAYMENT, WHICH IS IN 2030, IS SCHEDULED TO BE 2039. REVIEWING. YOU HAD RECEIVED THIS BUDGET ON MAY 5TH AND ADOPTED THE TENTATIVE BUDGET AT YOUR PREVIOUS MEETING, WHICH WAS MAY 12TH. WE'RE HAVING THAT PUBLIC HEARING TONIGHT, SO THIS IS THE OPPORTUNITY FOR ANYONE IN THE PUBLIC TO MAKE COMMENT ON THE BUDGET FOR THE MUNICIPAL BUILDING AUTHORITY, AND IT IS ANTICIPATED THAT YOU WILL ADOPT THE ANNUAL BUDGET AT YOUR NEXT MEETING, WHICH IS JUNE 9TH, THAT THERE IS NO ACTION REQUIRED TONIGHT. IT IS SIMPLY FOR HEARING FROM THE PUBLIC.
ARE THERE ANY QUESTIONS ABOUT THE THE MBA BUDGET? DO WE HAVE ANY QUESTIONS? NONE. AND THEN WE WILL NOW OPEN THIS UP FOR PUBLIC COMMENT, AND WE WILL SEE IF ANYONE WHO WOULD LIKE TO COME FORWARD AND SPEAK ON THIS, WE WILL GIVE YOU THOSE THREE MINUTES. I'LL GIVE YOU FIVE TO COME TALK. ALL RIGHT. SEEING NONE, I WILL ASK MR. ANDERSON IF WE HAVE ANYONE ONLINE YET.
NOTHING HAS CHANGED ONLINE. ALL RIGHT. THEN WE WILL CLOSE THE PUBLIC COMMENT ON THIS, AND WE
[Consent Items]
WILL THEN LOOK TO FOR OUR CONSENT ITEMS WHERE WE WILL APPROVE OUR MEETING MINUTES ON THE MBA FOR MAY 5TH AND MAY 12TH. I'LL OPEN THIS UP IF ANYONE WOULD LIKE TO MAKE A MOTION ON THIS VICE CHAIR, A MOTION TO APPROVE, I WILL SECOND THIS. SO WE HAVE A MOTION TO APPROVE FROM VICE CHAIR AND APPROVE A SECONDED BY MYSELF. ALL THOSE IN FAVOR? AYE.ALL RIGHT THEN. I SEE THAT THAT IS PASSED, AND WE WILL NOW HAVE NO FURTHER BUSINESS ON THIS, AN
* This transcript was compiled from uncorrected Closed Captioning.