[00:00:05] NOW CALL TO ORDER THE FAIRWAY ESTATE SPECIAL SERVICE RECREATION DISTRICT TO TRUTH AND TAXATION HEARING. THE TIME IS 7:15 P.M. IT IS TUESDAY, AUGUST 11TH. PRESENT OUR BOARD MEMBERS LAMB BADOR, JACOB SHELTON, HARRIS, WHITELOCK AND WIGNALL. OUR FIRST PUBLIC [a. Amended Property Tax Impact Schedule for Fiscal Year 2027] HEARING IS TO TWO. A AMENDED PROPERTY TAX IMPACT SCHEDULE. HOUSE BILL 236, PASSED IN THIS YEAR'S LEGISLATIVE SESSION AND PLACE NEW REQUIREMENTS FOR TAXING ENTITIES CONSIDERING A PROPERTY TAX INCREASE. WHILE NOT REQUIRED, THE CITY IS CHOOSING TO FOLLOW A BEST PRACTICE FROM THE UTAH LEAGUE OF CITIES AND TOWNS, WHICH RECOMMENDS INCLUDING THE PROPERTY TAX IMPACT SCHEDULE AS A SEPARATE AGENDA ITEM IN ANY MEETING. THE FISCAL YEAR 2027 BUDGET IS DISCUSSED. THIS MEETING WILL INCLUDE A DISCUSSION OF THE BUDGET AND THE CITY IS CONSIDERING A PROPERTY TAX INCREASE. THE COUNCIL ACCEPTED THE PROPERTY TAX IMPACT SCHEDULE AT THE MAY 5TH COUNCIL MEETING AND IS CURRENTLY AVAILABLE TO THE PUBLIC. THIS ITEM IS FOR THE BENEFIT OF THE PUBLIC AND DOES NOT REQUIRE ANY ACTION BY THE COUNCIL. WE'LL NOW HAVE OUR BUDGET ANALYST, BECKY CONDIE, SPEAK. THANK YOU. I DO WANT TO JUST REVIEW THIS AGAIN BECAUSE IT IS A PUBLIC HEARING. IN THE AGENDA TONIGHT, THERE ARE NO CHANGES TO THIS PROPERTY TAX IMPACT SCHEDULE. WE JUST WANTED TO PRESENT IT AGAIN FOR THE PUBLIC'S BENEFIT. THERE ARE ALSO COPIES IN THE BACK IF THEY WANT A HARD COPY. THIS DOES HAVE THE CERTIFIED PROPERTY TAX INFORMATION THAT WE RECEIVED ON JUNE 12TH, AND THE INTERIM BUDGET THAT YOU ADOPTED ON JUNE 23RD IS BASED ON THIS INFORMATION. THE INCREASE OF PROPERTY TAX REVENUE TO THE DISTRICT WOULD BE $1,209. YOU CAN SEE THOSE DIFFERENT TAX RATES FROM LAST YEAR'S TAX RATE, AS WELL AS THE CERTIFIED. AND THEN THE PROPOSED TAX RATE, WHICH IS THE 000889, WHICH EQUATES TO A 9.89% INCREASE. THE PURPOSE OF THE TAX INCREASE IS TO SUPPORT THE DISTRICT'S LONG TERM FINANCIAL SUSTAINABILITY, SPECIFICALLY TRYING TO KEEP THE FUND BALANCE RESERVES FROM BEING MUCH LOWER. A LOT OF THIS IS JUST DRIVEN BY INFLATIONARY COSTS FOR THE MAINTENANCE CONTRACT AND REPAIRS IN THE IN THE AREA. IF THERE ARE NO QUESTIONS, WE CAN MOVE ON. AT THE THE THE DISTRICT'S DESIRE. ARE THERE ANY QUESTIONS OR COMMENTS FROM COUNCIL? OKAY. I WILL NOW OPEN THIS TO PUBLIC COMMENT. THIS [b. Truth in Taxation Public Hearing] HEARING IS FOR PUBLIC COMMENT REGARDING THE PROPOSED TAX INCREASE. THOSE WISHING TO COMMENT CAN APPROACH THE PODIUM. IF ANYONE IS THE. IF YOU'D ALLOW. I'LL GO THROUGH THE PRESENTATION FIRST AND THEN WE CAN HAVE. SORRY. I'M SORRY. THE AGENDA IS KIND OF OUT OF ORDER. THAT'S MY FAULT. THAT'S OKAY. IT'S BEEN A CONFUSING YEAR FOR A LOT OF US. THANK YOU. REGARDING TRUTH AND TAXATION, UTAH STATE CODE 592919 IS THE LEGISLATION THAT GOVERNS THAT. AND AS WE KNOW, THERE HAVE BEEN RECENT CHANGES THIS YEAR REQUIRING THAT PROPERTY TAX IMPACT SCHEDULE, WHICH YOU ALL SAW AND RECEIVED IN MAY WHEN THE ORIGINAL PROPOSED BUDGET WAS PRESENTED TO THE BOARD. IT REQUIRES THE PUBLIC HEARING IN AUGUST. IF WE ARE TO RAISE ANY PROPERTY TAX REVENUES AND AS WAS DONE WITH THE CITY, ALL THE NOTICING REQUIREMENTS HAVE BEEN MET FOR THIS PARTICULAR DISTRICT. A LETTER WAS MAILED TO THE PROPERTY OWNERS AS WELL. BECAUSE IT IS SO SMALL, WE ARE TO INCLUDE THIS CONSOLIDATED LIST OF ALL THE TAX INCREASES IN THE COUNTY. THERE ARE ALSO COPIES IN THE BACK. IF ANYONE WOULD LIKE TO SEE A HARD COPY OF THAT. THIS IS ALSO POSTED ON OUR CITY WEBSITE. BUT YOU CAN SEE THERE THE BOTTOM LINE THERE UNDER OTHER DISTRICTS IS THE FAIRWAY ESTATE SPECIAL SERVICE DISTRICT, THE AVERAGE HOME VALUE AND THE ADDITIONAL REVENUE THAT WOULD COME TO THE DISTRICT IF THIS TAX INCREASE IS ADOPTED AS PROPOSED. FOR THE IMPACT, THE FINANCIAL IMPACT, YOU CAN SEE THAT TAX YEAR, LAST YEAR'S TAX RATE WAS THE 000825, GIVING US THE 1200 0 TO 61 PROPERTY TAX REVENUE, WHICH WOULD START THE CERTIFIED LEVEL FOR 2026. NOT SURE WHAT THE NEW GROWTH WOULD BE IN THOSE 40 OR SO PROPERTIES. MAYBE SOMEONE BUILT A SHED OR SOME OTHER ADDITION TO THE AREA. NOT A WHOLE LOT OF CHANGE IN THAT AREA. BUT WITH THE PROPOSED TAX INCREASE OF THE $1,209, IT WOULD BE ABOUT 9.9%. HERE'S WHAT AN INDIVIDUAL RESIDENCE MIGHT SEE. AS WAS MENTIONED, [00:05:05] THE AVERAGE PROPERTY TAX VALUE, THE AVERAGE MARKET VALUE IN THAT AREA IS $536,700. BUT BASED ON THE PROPOSED TAX RATE, THAT WOULD EQUATE TO ABOUT 23 TO $24 A YEAR, OR ABOUT $2 A MONTH OF AN INCREASE. AND AS WE TALKED ABOUT THROUGHOUT THIS BUDGET PROCESS THIS YEAR, MOST OF THE SERVICES FOR THIS AREA CAN BE EQUIVALENT TO AN HOA, SOMETHING LIKE THAT. AND SO YOU CAN KIND OF CONSIDER THAT AS A THE INFLATIONARY INCREASE OF $2 A MONTH FOR YOUR YOUR HOA SERVICES. THE PROPERTY TAX BILL WOULD LOOK LIKE THIS TO THE HOMEOWNERS. AND IT ALSO SHOWS THE OTHER THE OTHER ENTITIES THAT WOULD BE CHARGING TAX FOR THEIR PROPERTY TAXES. THIS. THE DISTRICT THE FAIRWAY ESTATES DISTRICT IS ONLY A SMALL PORTION OF THAT. THE DIFFERENCE OF ABOUT THE $2,023.82 ON THAT AVERAGE HOME. AS I MENTIONED BEFORE, THE PURPOSE OF INCREASING PROPERTY TAXES TO MAINTAIN FUND BALANCE. WE ARE SEEING A LOT OF INCREASES ON INFLATIONARY THINGS, INCLUDING THE CONTRACTED SERVICES AS WELL AS, YOU KNOW, WATER LEVEL. OTHER REPAIRS AND THINGS THAT MIGHT HAPPEN IN IN THE AREA. JUST WANTED TO POINT OUT THAT WE HAVE NOT WE'VE RAISED TAXES THE LAST COUPLE OF YEARS, BUT SINCE 2017, THERE WAS NOT A PROPERTY TAX INCREASE. AND SO WE WERE JUST RELYING ON THOSE FUND BALANCE AMOUNTS. AND WE WENT AT THAT POINT, WE WENT TO THE THE HOMEOWNERS IN THE IN THE AREA PRESENTED SOME OPTIONS. THEY EXPRESSED THEIR OPINION OF WHAT THEY WANTED TO SEE HAPPEN. AND THOSE WERE SMALLER INCREMENTAL TAX INCREASES YEAR AFTER YEAR SO THAT IT DOESN'T GET GET TOO LOW. BUT THIS IS KIND OF WHERE IT'S LOOKING RIGHT NOW. SO 2024, IT WAS A $42,000 AND IT'S DROPPED DOWN. THE BUDGET FOR 2027 PUTS IT AT ABOUT 2420 $5,000. AND THEN THE FIVE YEAR PLAN SHOWS IT DROPPING EVEN MORE. BUT THAT IS ALSO INCLUDING ADDITIONAL PROPERTY TAX INCREASES OF BETWEEN 10 AND 15% FOR FOR EACH YEAR. COUNCIL CHAIR, IF I MAY, I WANT TO INTERJECT AT THIS MOMENT IF IT'S OKAY. THIS IS REALLY CONCERNING TO ME. EVEN WITH 10% INCREASES IN THE TAX IN THIS DISTRICT, THESE RESERVES ARE GETTING VERY, IN MY OPINION, DANGEROUSLY LOW. NOW, WHEN WE MADE THIS PLAN, WE THOUGHT WE CAN DROP THOSE RESERVES DOWN BECAUSE THE COST OF SERVICE DOESN'T FLUCTUATE DRAMATICALLY. HOWEVER, THIS YEAR WE DID AN ESTIMATE OF WHAT IT WOULD COST TO REPLACE THE IRRIGATION SYSTEM AT FAIRWAY ESTATES. JUST THE SPRINKLER SYSTEM TO REPLACE IT WOULD BE A QUARTER OF $1 MILLION. OUR RESERVES ARE, YOU KNOW, ONE TENTH OF THAT. SO I THINK WE NEED TO PROCEED THIS YEAR AS PLANNED. BUT I'M GOING TO PROPOSE NEXT YEAR THAT WE MAY EVEN NEED TO GET A LITTLE MORE AGGRESSIVE TO KEEP THESE RESERVES UP. I DON'T EVER FORESEE THAT WE'LL NEED TO REPLACE THE ENTIRE IRRIGATION SYSTEM, BUT IT'S NOT UNFORESEEABLE TO THINK THAT WE MAY NEED TO FIX OR REPLACE A PORTION OF IT, AND A SINGLE REPAIR COULD WIPE OUT THE ENTIRE RESERVES IN THIS FUND. COUNCIL MEMBER JACOB, JUST A QUICK QUESTION ON THAT, CORBIN, IS, CAN THE FEDERAL FEDERAL RESERVE FAIRWAY ESTATES RESERVES, NOT THE FEDERAL RESERVE? CAN THE FAIRWAY ESTATES DISTRICT BOND? SO, IN OTHER WORDS, IF THEY HAD A LARGE EXPENSE THAT NEEDED TO BE PAID FOR ALL AT ONCE, COULD THEY BOND? DO THEY HAVE THAT LEGAL AUTHORITY? THE THEORETICAL ANSWER IS YES. THE PRACTICAL ANSWER IS IT'D BE A CHALLENGE. IT'S SO FEW PROPERTIES, AND THE ONLY REVENUES OF PROPERTY TAX WOULD REQUIRE, YOU KNOW, A PROPERTY TAX REVENUE BOND LIKE A GEO BOND, REQUIRES A VOTE. YOU I THINK YOU COULD IN THEORY BOND, BUT YOU WOULD HAVE TO YOU WOULD HAVE TO. I JUST LOST THE WORD. YOU'D HAVE TO COMMIT. YOU'D HAVE TO COMMIT THE PROPER FUTURE PROPERTY TAX REVENUES OF THIS DISTRICT. AND THESE RESERVES WOULD BE PRETTY LOW. IT'D BE A IT'D BE A IT'D BE A, IT'D BE HARD PUSHED TO GET A BOND AND IT'D BE A HIGHER INTEREST RATE. IT'D BE MORE LIKELY THE CITY WOULD BE BAILING OUT THE DISTRICT IF SOMETHING DRASTIC WERE TO OCCUR. RIGHT. OKAY. I HAVE MORE QUESTIONS FOR A FUTURE DISCUSSION, BUT THANKS. DID THAT ANSWER YOUR QUESTION? YES, [00:10:10] THERE ARE SOME OPTIONS, BUT LIKE LIKE CORBIN SAID, IT'S MORE LIKELY THAT THERE WOULD BE SOME SORT OF ARRANGEMENT BETWEEN THE CITY AND THE DISTRICT, WHETHER THAT'S A A LONG TERM LOAN FROM ONE ENTITY TO THE OTHER OR THINGS LIKE THAT. BUT ALL OF THAT CAN BE DISCUSSED AS WE PROCEED OVER THE NEXT NEXT YEAR'S BUDGET CYCLE. DIRECTOR ANDERSON, DID YOU HAVE A QUESTION? I JUST WANT TO ADD SOMETHING FOR EACH OF YOU. SEVERAL OF YOU WERE ON THE COUNCIL ABOUT THREE YEARS AGO WHEN THERE WAS A PUBLIC TOWN HALL WITH ALL SEVEN OF YOU AT FAIRWAY ESTATES. AND THE. THIS PLAN THAT. MISS CANDY IS TALKING ABOUT IS A FIVE YEAR PLAN THAT WE DID A POSTCARD TO THE RESIDENTS THAT LIVE IN THE DISTRICT, AND THEY SELECTED THE PLAN THAT WOULD FIT THEM. THE MAJORITY RESPONDED TO THIS PLAN THAT WE'RE USING. I THINK MR. LEE BRINGS UP SOME REALLY GOOD COMMENTS THAT YOU CAN HAVE AT A AT A FUTURE DISCUSSION. THANK YOU, COUNCIL MEMBER HARRIS, I'M JUST CURIOUS YOUR OPINION ABOUT WHAT A HEALTHY RESERVE IS LIKE. IF 9000 IS TOO LOW, WHAT SHOULD THE GOAL BE? RIGHT. IT DEPENDS. LIKE MR. LEE SAID, IF THERE'S A MAJOR EXPENSE, LIKE REPLACING THE ENTIRE SPRINKLER INFRASTRUCTURE, THIS WOULD NOT BE SUFFICIENT AT ALL. IF YOU'RE TRYING TO JUST MAINTAIN THE YEAR TO YEAR OPERATIONS, WE WOULDN'T WANT TO GO ANY LOWER THAN THAN WHAT YOU SEE ON THAT FIVE YEAR. I'LL GIVE YOU MY PERSONAL OPINION. YOU CAN SEE IN FY 24 WE HAD A $42,000 FUND BALANCE. I WOULD LIKE TO SEE IT AROUND 40 TO BETWEEN 40 AND $50,000. AGAIN, MY PERSONAL OPINION. THEN THE RESERVES COULD ABSORB A $20,000 REPAIR AND STILL HAVE A RESERVE IN THE BANK AFTER A MAJOR REPAIR. BUT TO GET BACK UP TO THERE, IT WILL HAVE TO DO SOMETHING MORE DRAMATIC THAN 10% INCREASES EACH YEAR. IT'S NOT GOOD NEWS. I KNOW THAT, I KNOW THE RESIDENTS DON'T WANT TO HEAR THAT, AND I KNOW WE MET WITH THEM AND TOLD THEM, YOU KNOW, IF WE DO 10% INCREASES, WE CAN GET IT DOWN TO ABOUT 9 OR $10,000 AND THEN TRY TO HOLD IT. BUT, BUT THAT IS THAT'S SKIMMING DANGEROUSLY LOW. BUT THAT WOULDN'T BE ENOUGH TO REPLACE THE IRRIGATION SYSTEM LIKE YOU WERE SAYING, OR WOULD IT? NO. OKAY. SO REPLACE IT. COULD IT COULD HANDLE REPAIRS TO THE IRRIGATION. I DON'T THINK WE'LL HAVE TO REPLACE THE ENTIRE IRRIGATION SYSTEM AT ONCE. I JUST WANTED TO GIVE YOU A PERSPECTIVE OF THE SIZE OF THE FUND BALANCE RELATIVE TO THE SIZE OF THE INFRASTRUCTURE ASSET THERE. OKAY, I GOT IT. THANKS. AND IF WE HAD A CRYSTAL BALL, WE COULD NAIL THINGS DOWN REALLY SPECIFICALLY FOR YOU. RIGHT. OKAY. NEXT STEPS IN TERMS OF THE THE PROPERTY TAX, WE DO NEED TO ADOPT A RATE AND ADOPT THE FINAL BUDGET BY SEPTEMBER 1ST, AND IS PROPOSED TO LISTEN TO THE PUBLIC TONIGHT AT PUBLIC HEARING AND THEN MEET AGAIN ON THE 25TH FOR DISCUSSION AND ADOPTION OF A PROPERTY TAX RATE THAT WOULD BE HELD THE TUESDAY THE 25TH AT 7:00. ARE THERE ANY OTHER QUESTIONS? ALL RIGHT. THANK YOU. OKAY. IF THERE ARE NO QUESTIONS FROM COUNCIL, I WILL NOW OPEN THE TRUTH AND TAXATION PUBLIC HEARING. THIS HEARING IS FOR PUBLIC COMMENT REGARDING THE PROPOSED TAX PROPERTY TAX INCREASE. ANY OF THOSE WISHING TO COMMENT, PLEASE. WE APPROACH IN THE FOLLOWING ORDER. WE ACTUALLY DON'T HAVE ANY YELLOW CARDS THIS EVENING, BUT IF THERE'S ANYBODY IN THE AUDIENCE WHO WOULD LIKE TO SPEAK, PLEASE DO. PLEASE COME TO THE PODIUM AND GIVE US YOUR FIRST AND LAST NAME AND YOUR CITY OF RESIDENCE. OKAY. MY NAME IS SAMSON MADRID. WHOA, THAT'S A LITTLE LOUD. I'M FROM WEST JORDAN, JUST DOWN THE STREET. I CAME TO THIS PUBLIC HEARING JUST TO SEE WHAT'S GOING ON. LOOK BEHIND ME. THERE'S NO ONE THERE. THAT IS A FAILURE OF LEADERSHIP. AM I RIGHT OR AM I WRONG? THIS IS A PUBLIC HEARING WHERE PEOPLE SHOULD BE ABLE TO COME UP HERE AND SAY, YOU KNOW, BASICALLY HEAR WHAT'S GOING ON. I'M NOT EVEN FROM THIS PARTICULAR WELL, I'M NOT EVEN REPRESENTING THAT PARTICULAR DISTRICT. I JUST CAME TO SEE WHAT WAS GOING ON HERE. THE OTHER THING THAT IS ALSO DISTURBING IS WHY IS OUR RESERVES SO LOW? THAT SHOULD NEVER HAPPEN. WHAT IS GOING ON? WHY IS THERE NO RESPONSIBILITY? EVERY AVERAGE JOE WORKING EVERY [00:15:02] DAY, AMERICANS LIKE ME, WE HAVE TO LIVE WITHIN A BUDGET. SO MY QUESTION TO YOU TONIGHT BEFORE I LEAVE IS WHY ARE WE FAILING AND HOW CAN WE FIX IT? THANK YOU, THANK YOU. MR. ANDERSON. DO WE HAVE ANYONE ONLINE WHO WOULD LIKE TO SPEAK? YOU HAVE ONE INDIVIDUAL ONLINE. THEY HAVE NOT RAISED THEIR HAND TO SPEAK. THANK YOU. SEEING NO FURTHER PUBLIC COMMENT, I WILL CLOSE THE TRUTH AND TAXATION PUBLIC HEARING. OUR NEXT PUBLIC HEARING IS RECEIVING PUBLIC COMMENT ON. EXCUSE ME. I'M SORRY. OH, GOSH. COUNCIL MEMBER WHITELOCK. I JUST WANT TO STATE FOR THE RECORD THAT MAKE SURE THAT PEOPLE UNDERSTAND THAT THIS LAST PUBLIC HEARING WAS FOR FAIRWAY ESTATES, WHERE BASICALLY WE ARE A BOARD THAT IS BASICALLY THEIR HOA BOARD. SO OUR CITY HAS A MUCH MORE A MUCH BETTER RESERVE THAN THE 9000 THAT WILL BE PREDICTED FOR THAT YEAR. AND EVEN CURRENTLY, THE RESERVES FOR THIS HOA, IT CAN HANDLE. THE RESERVES ARE PLENTY FOR WHAT WE NEED FOR THE NEXT COUPLE OF YEARS FOR THIS HOA. SO PLEASE UNDERSTAND THAT THAT FOR THIS PARTICULAR PUBLIC HEARING, IT IS JUST FOR FAIRWAY ESTATES, WHICH IS A COMMUNITY THAT WAS DEVELOPED BEFORE HOA CAME. SO WE GET TO BE THE HOA BOARD. THANKS. THANK YOU. I APPRECIATE YOU ADDRESSING THAT BECAUSE I, I KNOW WE DON'T REALLY DO A BACK AND FORTH, SO I WANTED TO ADDRESS THAT. SO THANK YOU. COUNCIL MEMBER WHITELOCK OR EXCUSE ME, BOARD MEMBER WHITELOCK. OKAY, NOW WE WILL MOVE ON TO OUR PUBLIC HEARING ITEM TWO C, WHICH IS [c. Receiving Public Comment on Adopting the Annual Budget for FY 2027] THE RECEIVING PUBLIC COMMENT ON ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 2027. WE HAVE MISS BECKY CONDIE PRESENTING. SO YOU CAN SEE HERE THE TIMELINE FOR OUR BUDGET PROCESS. WE'VE BEEN THROUGH A LOT SINCE MAY 5TH, WHEN THE BUDGET WAS FIRST PROPOSED. TONIGHT IN AUGUST. IS THE PUBLIC HEARING, BOTH ON THE TAX RATE AND THIS ANNUAL BUDGET, AND AGAIN, PROPOSED THAT THEY BE ADOPTED AT YOUR NEXT BOARD MEETING, WHICH IS AUGUST 25TH. THERE ARE NO CHANGES RECOMMENDED FROM WHAT YOU ADOPTED ON THE INTERIM BUDGET IN JUNE. BUT AS A REVIEW, YOU CAN SEE HERE THE TOTAL REVENUE FOR THE DISTRICT WOULD BE THE 13,097. AND THE BUDGETED EXPENDITURES IS 19 725. SO A SLIGHT USE OF FUND BALANCE, WHICH WOULD LEAVE US ABOUT THE $25,000 MARK FOR THIS COMING BUDGET YEAR. AGAIN, STATE CODE REQUIRES US TO ADOPT THE TAX RATE AND THE BUDGET BEFORE SEPTEMBER 1ST, AND YOUR NEXT MEETING WOULD FALL BEFORE THAT DATE. SO THAT WOULD BE THE AUGUST 25TH. ARE THERE ANY OTHER GENERAL QUESTIONS REGARDING THE BUDGET ITSELF? ALL RIGHT. THANK YOU. THANK YOU, MISS CONDIE. SINCE THERE ARE NO QUESTIONS OR COMMENTS FROM COUNCIL, I WILL NOW OPEN THE PUBLIC HEARING TO RECEIVE PUBLIC COMMENT ON ADOPTING THE PROPOSED ANNUAL BUDGET FOR FISCAL YEAR 2027. SINCE WE DO NOT HAVE ANY. AUDIENCE MEMBERS, MR. ANDERSON, DO WE HAVE ANYONE ONLINE WHO WOULD LIKE TO SPEAK? YOU HAVE ONE INDIVIDUAL ONLINE. THEY HAVE NOT RAISED THEIR HAND TO SPEAK. THANK YOU. SEEING NO FURTHER PUBLIC COMMENT, I WILL CLOSE THIS PUBLIC HEARING. OH, OKAY. IT IS 7:33 P.M. MR. ANDERSON, I JUST WANTED TO LET THE PUBLIC THAT WE'VE WATCHED THIS AND THE COUNCIL THAT ON THE 25TH, AS PART OF THIS PROCESS, THE WAY THE AGENDA IS LINING UP, WE WILL START WITH THE FAIRWAY ESTATES BOARD MEETING AT SEVEN. AND AS SOON AS THAT IS CONCLUDED WITH THE BUDGET, THEN WE WILL GO INTO THE REGULAR CITY COUNCIL MEETING. SO THE CITY COUNCIL MEETING WILL BE THE SECOND MEETING IN TWO WEEKS. FAIRWAY ESTATES WILL BE THE FIRST MEETING. OKAY. THANK YOU. I * This transcript was compiled from uncorrected Closed Captioning.