[7. Receive, consider and act upon matters regarding the Draft 2020 Incorporation Planning Study (C-2017-0433 & C-2018-0138A) and Incorporation-related financial matters;]

WE WILL HAVE THAT AT THE 6:00 P WE WILL GO STRAIGHT TO OUR AGEN. RECEIVED, CONSIDER AND ACT UPONG THE DRAFT HOITY-TOITY INCORPORA WE WILL START WITH THE HISTORY L PRESENT.

>> THANK YOU. THIS IS THE FIRSE HAVE HAD SINCE THE STUDY WAS PL0 DUE TO THE PANDEMIC. I AM JUSTA BRIEF OVERVIEW AS A REFRESHER TD BUT MEMBERS OF THE PUBLIC, THATT OUT.

FOR TODAY WE WILL COVER THREE MS THIS PLANNING CECI -- STUDY HISF FINANCIAL ASSUMPTIONS WHICH WILD THEN ANOTHER PRESENTATION WILL . AS A REMINDER, THE WOODLANDS TO. MINUTES POLITY AND WE DO PROVIDR SERVICES ARE ENHANCED BY SERVICR ORGANIZATIONS SUCH AS BOOK COUNL DISTRICTS, AND WE DO PROVIDE THE PREVIOUSLY PROVIDED. THEY DO NOT HAVE COMMUNITYWIDE N ONLY PROVIDE FOR THE TOPICS. TE AUTHORITY TO REGULATE THE RIGHT. JUST TO PROVIDE A BRIEF HISTORYE WOODLANDS COMMUNITY DID START, D COMMUNITY IN 1974. THERE ARE PS ON THE PROPERTIES AND, BY 20'S S GOVERNED BY THREE LARGE HOA'S TE ASSOCIATION AND THE WOODLANDS CR ASSOCIATION ASSOCIATION WHICH WE PROPERTY ASSESSMENT SPIRIT PARTS ALSO INCLUDED IN THE TOWNCENTERT WHICH WAS A SPECIAL DISTRICT WHC DEVELOPMENT SERVICES AND FUNDED, WHICH BASICALLY IS THE MALL ANDG AREAS. IN TERMS OF, ALONG WE HG GOVERNANCE, IN 1999, THE MORATOS

[00:05:11]

SIGNED, DEFERRING ANNEXATION ORG ANNEXATION FOR A PERIOD OF AT LT WAS FOLLOWED BY THE COMMUNITY AH STARTED AN INITIAL PLAN TO EDUCN WHAT COULD BE AVAILABLE. THE FF GOVERNANCE WAS PERFORMED AND ATF THAT THERE WAS AN ANNOUNCEMENT T NEGOTIATED AND THEIR LEADERS NET WITH THE CITY OF HOUSTON. THATN PROVIDED THE AUTHORITY FOR THE R INTO PARTICIPATION AGREEMENT. N ELECTION THAT APPROVED THE PROCG PLACE WHICH EXPANDED THE BOUNDAE ENTIRETY OF THE WOODLANDS. THAY VOTERS AND CREATED THE REORGANIE NOW CALL THE TOWNSHIP. THEY HAO AGREEMENTS WITH THREE LARGE COMS TO PROVIDE THE TRANSITION SERVIO BOTH LARGER, WHAT IS NOW THE LAE ORGANIZATION MADE THE TRANSITIOW TODAY AS THE TOWNSHIP. DURING S NEVER LOST ON ANYONE'S MIND, ITN 20011 AND 2012, THEY CONTRACTEDE OUTREACH EFFORTS. THEY REVIEWET TOWNSHIP SERVICES AND IN COMPARP AND FINANCIAL ANALYSIS. THAT WT WAS STUDIED IN THE COMMUNITY.

AT THE CONCLUSION OF THE STUDY,O INDEFINITELY DEFER INCORPORATIOD THEY WOULD DO WAS CONTINUE TO MR TRIGGERS IN THE COMMUNITY THAT R REVIEW. IN 2014 THAT WAS THE FIRST YEARE ELIGIBLE TO INCORPORATE. HOWEVS WE LEARNED, IN THE STATE OF TEXE INCORPORATION ONLY APPLIED FOR Y APPLIED TO SMALLER COMMUNITIES.A COMMUNITY RESIDES. IT WAS FOR R SMALLER.

IN 2017 IN RESPONSE TO COMMUNITW DISCUSSION OF FUTURE GOVERNANCED LEGISLATION THAT WOULD PROVIDE E THE STATE LAWS THAT ONLY APPLIER COMMUNITIES. DEACON 2018 THEY T RECENT AND THE THIRD PLANNING S.

THE TOWNSHIP BOARD PLACED A HOLE STUDY ON HOLD IN MARCH 2020 DUE. JUST TO TOUCH QUICKLY ON THE LET PROVIDES CLEAR STATUTORY AUTHORO INCORPORATE. THIS ALLOWED THE D OBLIGATIONS INTO THE CITY GOVERE REVENUE STREAMS TO BE ASSUMED BH ONE SMALL EXCEPTION WHICH WAS RT PLACED ON PART OF THE HOTEL ROON CONTINUE UNTIL THE NEW CITY COUN ELECTED. THEY CAN CALL THE INCN WITH THEY WILL REQUIRE THE MAJOY VOTERS IT REQUIRES A VALID INITS THE INITIAL TAX RATE AND ALLOWSE INTO DIFFERENT FACILITIES.

IT AS THE DISSOLUTION OF THE TOT PROVIDES FOR THE BOARD TO CALL E NEW CITY COUNCIL AND TO SERVE AY COUNCIL UNTIL THE ELECTION. GOING BACK TO THE STUDY, THE MOE DID ENGAGE, TO CONSULTING FIRMSE PLANNING PROCESS. THE KEY COMPE PUBLIC INPUT OPPORTUNITIES AND E ANALYSIS. A TAX RATE STUDY PAVT

[00:10:14]

STUDY AND REVIEW OF INFRASTRUCT. THE MATRIX CONSULTING GROUP WASD HOWEVER THE BOARD, AND THE GROUA PARALLEL ANALYSIS. THAT WAS BAE BOARD DECIDED THIS WAS TOO BIG D THE DOLLAR AMOUNT WAS TOO IMPORY ON ONE EXPERT UNTIL WE HIRED TWD CONTRACTED TO COMPLETE THE REMA DEACON JANUARY THE BOARD REVIEWD RECOMMENDATIONS FROM THE STUDIED DIRECTION ON WHICH ASSUMPTION SE FINAL MODEL. AND THE 1ST QUARTE GROUP DID INFORM THE STUDIES PRL MODEL AND A PROVISIONAL TAX RAT. IN MARCH 2020, AS PREVIOUSLY STS PLACED ON HOLD DUE TO THE PANDE. WHERE WE ARE NOW, IN 2020 THE BE REPORT AND THE IDEA WAS IT WOULG DOCUMENT. THIS WAS DONE BECAUSF THE IMPACT OF THE PANDEMIC OR WE APPROPRIATE TO REENTER THE STUD.

AT THAT TIME, THE EDUCATION PROE PLANNING PROCESS WAS PLACED ON R WHICH HAD BEEN DEVELOPED WAS ALD NO ELECTION INCORPORATION HAS BD CORPORATION HAS BEEN CALLED AT . IN THE CONSOLIDATED REPORT -- RD PROVIDE SEVEN STEPS FOR RESTARTN PROCESS. VERIFY THE ASSUMPTIONE TRANSITION AGREEMENT IF APPROPRE UPDATE THE BASELINE FINANCIAL ME INITIAL SPIRIT RECALCULATE THE E THE COMMUNITY AND STEP SEVEN CON INCORPORATION BALLOT. AT THIS E BEGINNING WHICH IS TO VERIFY THE DID UPDATE THE AGREEMENT IN DEC THERE IS NO NEED TO GO THROUGH AND WE WILL DISCUSS MORE ON UPDL MODELS AND THE INITIATIVES AS PR PRESENTATION. AS A REMINDER TO THE BOARD AND E COMPLETE INCORPORATION STUDY ANS STILL AVAILABLE ONLINE AT W WW.S STUDIES.COM. IT INCLUDES THE FS 322 PAGES. FREQUENTLY ASKED QUO VIDEOS AND MORE. JUST AS A RECE COMMUNICATIONS EFFORTS THAT WE E HAD 32 PLANNING SESSIONS OR MEES OF VIDEO RELATED TO THAT. WE HR PUBLIC FORUM THREE-HOUR PUBLIC N SEPTEMBER 2018. WE HAVE ALL OFY WEBSITE. THE SUB STUDIES. THET OF THE 322 PAGE COMPREHENSIVE RS INCLUDE EVERYTHING RELATED AND E SUMMARY AND THE MAIN PART IS ONF THAT. WE HAVE RESPONDED WITH OVER, I - FREQUENTLY ASKED QUESTIONS. WEL SUMMARIES AND WE DO HAVE LEGAL S OF WHAT WE PUT OUT TO THE COMMU7 COVER MENTIONS. WE HAVE HAD 30D A PLETHORA OF SOCIAL MEDIA AS W. WITH THAT I WILL TURN IT OVER UE

QUESTIONS FOR ME. SHE WILL DISL ANALYSIS. >> ANY QUESTIONS FOR KAREN, THAD

[00:15:02]

RECAP. AND TERMS OF THE FINANCS WHERE WE ARE NOW IN TERMS OF THD WE WILL TALK ABOUT OUR WE PLAN H THAT OVER THE COMING MONTHS. TD DISCUSSION IN TERMS OF THE DIFFT THE STATUS OVERVIEW. I DO WANTT QUICKLY. THIS IS IS OPPORTUNITE INFORMATION WE WANT TO GIVE HIM. WHERE WE WERE IN 2020, IF YOU WN FEBRUARY, THE FINANCIAL MODEL WA TAX RATE PROVIDED INFORMATION A. IN MARCH IS WHEN THE PANDEMIC HL STUDY TIMELINE WAS DEFERRED. DURING THE PANDEMIC WE DID HAVET WERE DONE IN MAY. THERE WAS A T REGARDING THE INCORPORATION STUE DEVELOPED. IN JUNE THAT REPORTE TOWNSHIP BOARD OF DIRECTORS. BT FEEDBACK, A FINAL DRAFT WAS FIN. IN AUGUST AS WE WERE GOING THROT PROCESS, NOVAK WAS ASKED TO REVT INFORMATION BUT ALSO IN AUGUST D TABLED THE INCORPORATION, NOT TE PROCESS. EVEN THOUGH THEY WEREE INFORMATION WHICH WAS BASED ON Y BUDGET, THAT REPORT WAS NEVER I. THAT REVIEW WAS COMPLETED AND C.

MOVING ON, WE WANT TO UPDATE THD TO UPDATE THE FINANCIAL MODEL. G WHAT WAS ORIGINALLY BUDGETED. E THE BASE BUDGET. JUST THE BASEE NEW ECONOMIC CONDITIONS AND THEE HAVE. THAT WILL BE ONGOING DURT PROCESS. THE REST OF THIS PRESENTATION IE INCORPORATION INITIATIVES. WHAE IS REMIND ALL OF US WHERE WE LEE INITIATIVES. THEN GET YOUR FEEF THERE'S ANY FURTHER ANALYSIS ORR FEEDBACK YOU WANT TO GIVE REGARE INCORPORATION INITIATIVES THAT N THE UPDATES THAT ARE COMING ALO.

WITH THAT, I WANT TO START WITHE INITIATIVES. THE BESIDES I'M SO FEBRUARY 2020, THESE NUMBERS, TE DEVELOPED BY THE NOVAK CONSULTIE FIVE-YEAR PLAN ASSUMPTIONS WE WT TIME, YOU CAN SEE THEM LISTED HD REVALUATION OF EXISTING PROPERT WE HAD SALES AND USE TAX GROWIN HOTEL TAX AT 2%.

WE ALL KNOW BASED ON REPORTS THT REALLY THE PARAMETERS GOING FORT WE WILL BE UPDATING.

IN TERMS OF MIXED BEVERAGE TAX R YEAR IN NEW REVENUE. THOSE NUME COMPTROLLER'S OFFICE WHO WAS ABN

[00:20:10]

THE SPECIFIC AREAS AND PROVIDED. THE BOARD DID CONSIDER AS ONE OD APPROVE THAT TO BE INCLUDED IN E PROPERTY TAX FREEZE FOR SENIORSD PERSONS. THAT WAS GOING TO BE F $70,000. LOOKING AT 2022 PROPEL INCREASE OVER TIME, OVER A TEN-O 832,000. IN TERMS OF FRANCHISE FEE REVENT THE CITIES TO COME UP WITH AN EE WAS $7.8 MILLION PER YEAR. IN Y DID HAVE BECAUSE AS WE GET GOINE

TO INITIATE THE PROCESS. ON AN ANNUAL BASIS 7.8 MILLION. >> YOU DID NOT ADDRESS THE LINE.

>> THERE WAS A BILL THAT HAPPENE INCORPORATION STUDY. IT IMPACTS AT THE CALCULATION OF WHAT WAS E

CHARGED. WE DID APPLY AND WE DO THE FEES. >> THE MIXED REVENUES ARE COSTSH OTHER. WE WOULD HAVE A MUNICIP WHAT WE ARE ASSUMING IS THE FIND RECEIVE WOULD COVER THE EXPENSEL COURT. THAT HAS BEEN ESTIMATEDI HAD ZERO COST. SAME THING FOR WE ANTICIPATE $150,000 IN FEES,E WOULD OFFSET THE STAFF COSTS ORR PROVIDING THE PLAN REVIEWS. ALSO THE GROUP LOOKED AT ADMININ IN TERMS OF STAFFING THAT WOULDN INCORPORATION. YOU CAN SEE THEE AMOUNTS INCLUDED AS PLACEHOLDER SO FOR THE CITY SECRETARY AND A. THE NEXT THING, THE NEXT BUDGETO WITH PUBLIC WORKS. WHAT WAS DES $4.6 MILLION IN ANNUAL OPERATINE THE COST SO THAT WILL INCLUDE SD ONGOING OPERATING EXPENSES. ITE CAPITAL COSTS UP TO $.2 MILLIONR CAPITAL EQUIPMENT AND THE CONSTE FACILITY AND IF YOU WILL RECALLE GOING TO BE PAID FROM EXISTING E WOULD NOT BE ANY TAX IMPACT FORE CAPITAL PROJECTS.

IN TERMS OF INFRASTRUCTURE WHATL POINT TO 5 MILLION PER YEAR FOR THAT WOULD BE FOR FIVE YEARS WHE PAVEMENT TO EXCELLENT CONDITIONE STUDY THE BOARD RECEIVED. WE WOULD CONTINUE WITH THAT ON O

INTO A FUND OR RESERVE FOR FUTU. >> ON THAT ONE, I THINK IT INCLE ANNUAL EXPENSES TOWARDS ROADWAYO 5 MILLION WAS OUR CONSULTANT'S O ADVANCE AND END BRING IT TO A BN IT IS TODAY.

>> THAT WAS THE NEXT CLARIFICAT. THERE ARE 15,000 PER YEAR INCLUE MAINTENANCE.

IN TERMS OF LAW ENFORCEMENT, ATS A $9.5 MILLION NET, NEW OPERATI WE ARE USING THE HYBRID MODEL. S PHASED-IN. THE INITIAL COSTS IE FIRST YEAR IS THERE. THIS GOESE HYBRID MODEL. THIS REPRESENTS S

[00:25:06]

FULLY IMPLEMENTED. IN ADDITION IT IS NET OPERATINGE ALREADY FINANCIALLY CONTRIBUTIND LAW ENFORCEMENT SERVICES. THOSE WERE TAKEN INTO ACCOUNT IS IS THE INCREASE OVER WHAT IS ALD BEEN PROVIDED. IN ADDITION, THERE WAS THE INCOE CONSTRUCTION OF A NEW POLICE FAT A COST OF AROUND $30 MILLION. F THE DEBT SERVICES ON THE POLICET $1.8 MILLION PER YEAR. THAT IS.

THERE'S ALSO A $5.3 MILLION IN P COSTS, THOSE ARE BEING PAID FROO NOT IMPACT THE TAX RATE AND BILN THAT CONCLUDES THE PRESENTATIONT THE BOARD WANTS TO PROVIDE AS WE MODEL. THANK YOU FOR GETTING UI KNOW WITH THE BOARD'S EXPECTATIS TO REVIEW EVERYTHING WE HAD. AD THE CONSULTANTS WILL COME BACK E LAST FINANCIAL MODEL WAS DONE AR THE 2020 TAX RATE AND OF COURSET IRRELEVANT. IT WILL COME BACK.K TO THE SAME ASSUMPTIONS OR ADJUE WHERE THE MODEL GOES AND WHAT I. I WAS INTRIGUED, BY THE AMOUNT THE REASON IT IS ONLY A $70,000E YOU ARE FREEZING THE TAX DOLLART GROWS OVER THE NEXT DECADE BECAG INTO THAT. IF WE ADDED UP, IT WOULD BE ( IR $10 MILLION -- TEN-YEAR PERIOD T HAVE TO PAY. THAT WOULD HAVE AE FINANCIAL MODEL. WE CAN PUT IT ON OR PUT IT ALL.F WE HAVE AN OPPORTUNITY TO SAVE R PROVIDE OUR SENIORS WITH TAX CEA BENEFIT TO THOSE FOLKS.

>> THAT IS CORRECT. >> ANY OTHER THOUGHTS, CONCERNS? >> ALL RIGHT, THE MAN OF THE HOT

AND GENERAL MANAGER MAKING HIS L APPEARANCE. SINCE ADVOCATING T. >> THANK YOU. IT IS CERTAINLY E BACK. AS I TOLD YOUR PRESIDENT, WOODLANDS HAVE NEVER LOOKED SO K GREAT.

I NOTICED THE NUMBER ONE PLACE IT IS PRETTY COOL. >> I WILL GIVE YOU SOME OF THE U

PROBABLY HELP US ALONG THE WAY. >> GOOD AFTERNOON EVERYONE. I E LONGER THAN THE FOLKS WHO PRESEA GREAT JOB. I WISH I COULD BE AE BUT I WILL BE MORE LONG-WINDED.O TALK ABOUT THIS AFTERNOON, IS RL UTILITY DISTRICTS. I'M NOT SPET BUT SOMEONE WHO ASSEMBLED FACTSE BEEN AROUND THE DISTRICTS FOR TN TERMS OF BEING PART OF THE WOODA LOT OF RESEARCH ON THEM. WHAT I WANT TO DO TODAY IS PRESL INFORMATION THAT HAS BEEN DEVEL. I KNOW THIS COULD BE A VERY SENI WANT TO BE CLEAR ON THE DATA ANE DISCUSSING. SO, I WANT TO START OUT WITH A THIS REPRESENTS A SNAPSHOT IN TT

[00:30:04]

THE END OF THE FISCAL YEAR WHAT. THE ANALYSIS IS BASED ON EXISTIX LEVIES AND OPERATIONS FOR FISCA THESE HAVE NOT BEEN ADJUSTED TOE CHANGES, OPERATING COSTS OR USA. THE CONSOLIDATED THAT COULD POTE REFINANCED IN THE FUTURE BUT NOE INCLUDED IN THIS DATA OF WHAT T. CURRENT WATER AND SEWAGE RATES E ANALYSIS. THIS WAS FOR FISCAL . A FUTURE STUDY SHOULD BE CONSIDN OF THAT OCCURS AND THE PURPOSE E TO ESTABLISH RATES BASED ON THEO THE UTILITY USER GROUPS. KEEP L KEEP REPEATING THIS IN TERMS OFR CERTAIN THINGS THE TOWNSHIP DOEE AUTHORITY TO TAKE UNILATERAL ACE UTILITY OPERATIONS.

THAT CAN ONLY BE CONSIDERED BY G BODY. I WILL GET MORE INTO THAT THIS.

THE PURPOSE OF THE PRESENTATIONT FOUR DIFFERENT AREAS. THE FIRSE RECOMMENDATIONS THAT WERE INCLUE RECOMMENDATION STUDY. PROVIDE R FISCAL YEAR 2020. EXAMINED THE EXAMINE THE OPTIONE NEW GOVERNING BODY FOR THE CORPE ARE POTENTIAL OPTIONS AVAILABLEA RECOMMENDATION JUST POTENTIAL OE CONSIDERED. REVIEWED THE REVENUES COLLECTEDE CITIES. THOSE ALLEN, FRISCO, RT SOUTHLAKE AND SALT LAKE AND SUGE USED IN THE MODEL. THE INCORPORATION STUDY RECOMMEO THROUGH A PRIMER ON THAT. KAREN TALKED ABOUT THE NOVAK STS INCLUDED IN THE NOVAK STUDY. IA DEFINITIVE TIMELINE FOR CONSOLID INTO A CD OR OPERATION. IN THE 2018 REPORT PROVIDED TO P REGARDING THE EVALUATION, THE EM RECOMMENDED LEAVING THE CURRENTE AND AVOID CONSOLIDATION.

HR GREEN GREEN NOTED THAT BECAUS HAD HIGHER DEBT, CONSOLIDATING E RESIDENTS TO PAY HIGHER TAXES AN THAN OTHERS. BASED ON THE RECOMMENDATION OF F DIRECTORS INSTRUCTED THE NOVAK E IMMUNITIES FROM THE FINANCIAL A. HOWEVER FOLLOWING THE INITIAL DA FOLLOW-UP QUESTION REGARDING THF CONSOLIDATING MUDS INTO A CITY K GROUP ENGAGE THE FINANCIAL CORPE THE COST IMPLICATIONS OF ABSORBD GIVING THEM NEW BONDS IN THE BOE AMORTIZED OVER A 20-30 YEAR PER. AND ANALYSIS WAS SUBMITTED IN FD ANALYSIS FOUND A REFINANCING OFD WITH THE NEW BOND AND AN AMORTIE PROVIDE AN INITIAL REDUCTION INT SERVICE. THAT IS WHEN YOU COMPG DEBT SERVICE, AND THAT WOULD ACA NUMBER OF YEARS. TO KEEP IN MIG ABOT A NEW AMORTIZATION OF 20-3W ONE. YOU WILL SEE MORE OF THAT AS WE.

RECENTLY AT A MEETING ON JUNE 2E REQUESTED THE ANALYSIS BE UPDATT CONDITIONS.

IN AGAIN A STUDY, THAT MAKE SURD UNDERSTANDS CURRENT INTEREST RAY NEW DEBT COMING ON.

A REQUEST WAS COMMUNICATED TO TY WOULD FOLLOW UP TO SEE IF THAT . OVER THE PAST SIX MONTHS, CONSOS

[00:35:05]

WERE DEVELOPED ALONG WITH INFORY OPERATIONS. AT THEIR MEETING ON JUNE 2, THES INCORPORATION TEST FOR US THIS E UPDATED TO REFLECT THE 2020 YEAE INFORMATION BE SHARED WITH THE .

THAT HAS BEEN PROVIDED. TO DEVELOP THIS INFORMATION I UA FOR THE FISCAL YEAR ENDING 2020S ANOTHER ONLINE MATERIAL. TIER N BEAUT MUD IN THIS. THIS PROVIDES DIRECT UTILITY SEL BUSINESSES. THE REASON I SAY DO ANOTHER ONE LOCATED IN THE TOWNT THEY PROVIDE WHOLESALE SERVICESE THOSE. THESE TRAFFIC TEENS ARE MUD'S D, THESE MANES ARE OWNED BY THE REY COUNTY. THE S JRA PROVIDE WHOLESALE CONS THROUGH THE VARIOUS WOODLANDS AT IF WE LOOK AT THE MUD'S IN TOTAS CONSOLIDATING ALL OF THEM. YOU PROPERTY TAXES ARE LEVIED AT 20E AS THEIR OUTSTANDING DEBT. THEO SUPPORT GENERAL OPERATIONS AND G DEBT CLOSE TO $286 MILLION.

IF YOU LOOK AT THE CASH INVESTME $52.8 MILLION AS OF FISCAL YEARD UNRESTRICTED RESERVES.

THERE ARE FIVE DIFFERENT USER FR RESIDENTIAL CUSTOMERS IN THESE T SOUNDS LIKE IT'S A LOT OF DIFFET VARY A LOT ESPECIALLY IN THE WOA LITTLE DIFFERENT IF YOU COMPARES COUNTY CHAPTER MUD. THEY HAVE ) SINGLE-FAMILY CUSTOMERS. JUST TO START OUT, I WILL GET IS WE GET INTO THIS.

LOOKING AT THE OPTIONS FOLLOWIN, OBVIOUSLY THE FUTURE OF THE UTIT OF THE DISCUSSION.

FOLLOWING INCORPORATION BUT NEWD HAVE OPTIONS TO CONSIDER FOR COT CONSOLIDATING.

FIRST, THE FIRST ITEM WOULD BE E ACTION OR WHEN THEY LEAVE THE MY LEAVE IT THEY CAN TAKE ACTION A.

THIS IS SOMETHING FOR STATE LAWO AWAY THEY WILL ALWAYS HAVE THAT. THE NEW GOVERNING BODY COULD TAL ACTION TO ABOLISH THE MUD'S FULD ASSUME THE UTILITY SERVICES AS . THE CITY WILL ASSUME ALL ASSETSD OUTSTANDING DEBT. ANOTHER POTENTIAL OPTION. THISE STATUTORY OPTIONS BUT A POTENTIA PARTIAL CONSOLIDATION THROUGH SF INTERLOCAL AGREEMENT. IF THAT WERE EXPLORED IT WOULD L OF ALL OF THE WOODLANDS MUDS. THE CONSIDERATION VIA AN INTERLT BETWEEN THE CITY AND WHERE THE D OPERATE THE WATER AND SEWER SERS WITH OUTSTANDING DEBT WOLD CONTD FUND DEBT SERVICE ON THE OUTSTA.

[00:40:08]

THAT IS SOMETHING, THAT WOULD BA NEW GOVERNING BODY AT SOME POINE BENEFITS AND CHALLENGES WITH TH.

AS WE LOOK AT, THE UNILATERAL ON CANNOT BE MADE PRIOR TO INCORPO. IT IS ONLY FOLLOWING AND CEDINGY THAT THE CITY CAN CONSIDER A UNO ABOLISH THE DISTRICTS AND ASSUM. THIS IS TOTALLY WITHIN THE BOUNW CITY AND ASSUME RESPONSIBILITY . IF WE TAKE A LOOK AT, I GUESS CS THROUGHOUT THE STATE, THESE AREY UTILITY AREAS MOST PROVIDE WATEY SERVICES TO RESIDENTS THROUGH AY DEPARTMENT.

THE MUNICIPAL OPERATION IS TYPIH DIRECT CHARGES TO THE USER, NOTY BUT A DIRECT CHARGE TO THE USER.

THE CITY'S BEST MODEL IS FOR USD COSTS BASED ON ACTUAL USAGE THRX LEVY.

THIS MAY CHANGE BASED ON PER CUD SHIFTS ALL UTILITY COSTS TO A UT WOULD BE A MORE EQUITABLE SYSTE.

IT MAY ALSO BENEFIT THE COMMUNI, SEWAGE AND MORE NEED TO BE UPGR. IF THIS IS DONE FOR OPERATIONS A USER FEE STRUCTURE ALL OF THE TOWNSHIP AND CITIES, IN MY REVIEW I DIDN'T FIND ANY O SUPPORT MUNICIPAL OPERATIONS IN. THIS IS A PURE FEED SYSTEM. IT IS ALSO COMMON FOR CITIES TOY REVENUE BONDS, TO PAY FOR THE CS IS VERSUS GENERAL OPERATIONS OPS USUALLY USED.

HAVING UTILITY CUSTOMERS PAID TT USES IS MORE EQUITABLE THAT THAY BASED ON THE VALUE OF THEIR HOMF THEIR BUSINESS. FOLLOWING INCORPORATION THE CITY WILL BE CHARGED WITH THE QUESTIR WOODLANDS MUD SHOULD BE CONSOLIE DEVELOPMENT OF THE MUD HAS EXPA. OBVIOUSLY WE HAVE ODER MUD AND E OF THE NEWER ONES HAVE SUBSTANT THIS CREATES A CHALLENGING SITUG DEBT AND THEY RANGE FROM A LOW F THEM DO NOT HAVE DEBT, TO A HIG. FUTURE CONSOLIDATION OF THE DEBS WOULD PAY A PORTION OF THE CONS.

THE NEXT SLIDE SHOWS YOU THE OUF FISCAL YEAR 2020. IT ALSO PROVN THE BONDS AUTHORIZED, ISSUED ANE ISSUED IN THE FUTURE. THE TAX LEVY FOR DEBT SERVICE IE CURRENT USER FEE CHARGES. THE S

[00:45:26]

ASSESSED AND HAS NO RELATIONSHIY USES. THERE ARE TWO THINGS I WANT YOUE FIRST IS THE NUMBER. IF YOU TOD CONSOLIDATED ALL OF THE WATER AD COMPARED THAT TO THE MUD TAX LE IF YOU LOOK AT THE 50% OF THE CF THEY COULD, IF THEY COULD AMORTE DEBT INDIVIDUALLY, YOU WOULD SED BE. OBVIOUSLY THAT IS NOT POSSIBLE K THAT WAY.

WHAT HAPPENS, IF YOU LOOK AT THA SIGNIFICANT VARIATION IN THE OUT SERVICE, IF YOU CONSOLIDATE EVED REQUIRE A CHANGE IN USER FEES OE TYPE OF FUNDING TO SUPPORT WHATF 60% OF USER CHARGES.

IF WE LOOK AT OPERATION SPIRIT Y TAXES FOR GENERAL OPERATION SPID LEVY IS APPROXIMATELY 12.6 MILLL TO 26% OF THE WATER AND SEWER CN FISCAL 2020. IF YOU LOOKED AT MOVING FROM A R CHARGES, BASED ON THE 2020 DATAE THAT ADJUSTMENT AND FEES. IT IS THE SAME SCENARIO. YOU CL LEVIED A PROPERTY TAX FOR OPERA. YOU CAN SEE THE DIFFERENCES HERE OVERALL AMOUNT WOULD BE 26%.

THERE ARE TEN THAT OPERATE ENTIE MONTGOMERY COUNTY BOUNDARIES. THIS OPERATES PRIMARILY WITHIN F WOODLANDS TOWNSHIP AND HARRIS C. HIV FIVE-MEMBER BOARD OF DIRECT. THEY CAN CONSOLIDATE THEIR SERVE WATER AGENCY. THEY PROVIDE MANAGEMENT, MAINTEN SUPPORT AND HAS A TEN MEMBER BOA REPRESENTATIVE. THE WOODLANDS WATER OPERATES LID THE CONSOLIDATED COSTS PAID BY O A $.3 MILLION PER YEAR. EACH OF THE MUD'S CAN ESTABLISHE RTES FOR THEIR DISTRICTS. THERL ADMINISTERED. BASED ON THE RESIDENTIAL RATES Y CHARGES FOR A 10,000-DOLLAR GALM $96 PER MONTH TO $150 PER MONTHR AND SEWER CHARGE. THE HARRIS COUNTY 386 HAS, RESID SEWAGE RATES THAT RANGE ON THE E SPACES, FOR DIFFERENT USAGE. ONE THING I WANT TO POINT OUT, E A WINTER TO PROVIDE A WINTER QUR SEWAGE. IF WE LOOK AT THE PROPERTY TAX Y

TAX RATE IS DEEMED NEXUS VERY. H SERVICE, THE WOODLANDS, >> THIS WOULD BE FOR THE WOODLAY

[00:50:09]

AND RANGE FROM 0 CENTS TO 33 CEC TEENS. FOR GENERAL OPERATIONS, THEY RA HARRIS COUNTY, AND I AM ONLY POT BECAUSE THEY ARE DIFFERENT. BA6 CENTS AND 33 CENTS FOR DEBT SER.

AS I POINTED OUT THEY ALL HAVE F PROPERTY TAX TO SUPPORT UTILITY. THIS ONE, AND I APOLOGIZE FOR TS HARDER TO SEE. THIS WOMAN CHOSE YOU, THIS IS AP $40.1 MILLION PER YEAR. THIS IE AND OPERATIONS. IF YOU LOOK AT WHAT IS COLLECTES IT IS $48.9 MILLION.

$40.1 MILLION ON THE TAX LEVY. WHEN THE MUD AND TAX LEVIES AREG 10,000 GALLONS PER MONTH IN A HY AN ESTIMATED 140022800 ANNUALLYL UTILITY SERVICES. A SIMILAR HOUSEHOLD IN HARRIS CY BETWEEN 887-3000 IN ANNUAL MINUD LEVIES. YOUR MONTHLY IS CONVERTED TO AND USER FEES. THEN YOU HAVE YOUR Y INCLUDED AND YOUR OPERATIONS INE NET IMPACT ON THE FOLKS PAYING E

SERVICES. >> TO BE CLEAR, ON THE SLIDE YOT WHAT THEY ARE CURRENTLY PAYING S

AND SEPARATELY A TAX LEVY. >> THAT IS CORRECT. >> SO THIS IS NOT NEW THIS IS C.

>> THIS IS JUST TRYING TO GET AG OF WHAT IS HAPPENING IN THE MUDT >> IF YOU LOOK AT THE ADMINISTRY EACH INCUR COSTS ASSOCIATED WITS SUCH AS LEGAL, INSURANCE, PAYMEX COLLECTION FEES AND MORE.

CONSOLIDATION AND REMOVAL OF THX LEVIES WOULD ELIMINATE FEES FORL DISTRICT, PROPERTY TAX ADMINISTS AND POTENTIALLY REDUCE SOME OF H AS ACCOUNTING, ACCOUNTING AND L. IF YOU PUT THE SLIDE UP. THIS U IF YOU WILL OF ALL OF THE COSTSY BEING INCURRED FOR THE ADMINIST. SOME OF THESE WOULD NOT GO AWAY SOMEBODY WOULD HAVE TO MAINTAIN. THERE ARE CERTAIN BECAUSE THAT Y WERE CONSOLIDATED.

THIS IS NOT POINTING OUT OR MAKN OF ANYTHING OTHER THAN PROVIDINE ADMINISTRATIVE COSTS.

>> IF YOU GO BACK TO THE SLIDE M SORRY, I MAY HAVE MESSED YOU UPT $300,000 IN PROPERTY TAXES AND S FOR INCOME. OBVIOUSLY, WE DON'F WE ASSUME THE MUD'S WE STILL WO BETWEEN THOSE TWO PROPERTY TAXE, YOU ARE LOOKING AT OVER $500,00S BETWEEN THE LINE ITEMS WHICH ISU DON'T CHARGE A PROPERTY TAX ONEF

YOU DON'T PAINT DIRECTOR FEES TN IN SAVINGS. >> THAT WOULD BE CORRECT.

>> OBVIOUSLY LEGAL MAY BE ONE AY ARE ALL PAYING THEIR LEGAL ANAL. THERE ARE SAVINGS WHICH YOU DONY

WILL BE YET. >> THAT WOULD BE SOMETHING. ITF ANALYSIS TO FIGURE OUT WHAT THE.

[00:55:07]

YOU ARE RIGHT ON THE TWO THAT Y. >> A NUMBER THAT STICKS OUT HISX ADMINISTRATION.

CURRENTLY THE MUD'S DO NOT UTILS THAT THE TOWNSHIP DOES, BURKE CR COLLECTS THE FEES AND THEY DO IS

THAT CORRECT? >> THAT IS AT $376,000. >> THE APPRAISAL DISTRICT DOES .

>> , THIS IS THE TAXABLE VALUE G THE OUTSTANDING DEBT BUT NOT THY SEE MOST OF THAT GO AWAY. IS NT

>> IT IS POSSIBLE MUCH OF IT MAG ON THE MECHANISM YOU USED TO OF. >> YOU HAVE NOTES IN THE COLUMNS

>> TYPICALLY THEY HAVE BEEN AND THE LAST TIME THEY MOVED TO NOVE WHAT WAS GOING ON WITH THE PAND.

IN TERMS OF COSTS, THE INFORMATS OBTAINED FROM THE AUDIT REPORTSK OUT THE INFORMATION SO I DON'T T

IS.'S >> WOULD THERE BE SAVINGS BY NOE ELECTIONS?

>> YOU WOULD EXPECT THAT BUT I . >> I HAVE A QUESTION ON A DIFFET TALKED ABOUT THE AMOUNT OF DEBTD

TAB. YOU HAVE INFORMATION ON HD -- >> HE WAS GOING TO GET TO THAT

I'M SORRY. HE ONLY HAS A FEW MT DOES GIVE YOU THE CURRENT CASH . >> WHEN YOU ADDRESS IT IS IT CAE

COMING IN FROM RESIDENTS OR CASM UNSPENT BONDS? >> I BELIEVE, WHAT I'D I LOOKEDL FUND. TYPICALLY IT HAS, EVERYT, USER CHARGES, TAP FEES AND THOSI DID NOT INCLUDE THE DEBT SERVICD BE WHEN I GET TO THAT SLIDE. IT OF CASH IN ADVANCEMENTS -- INVET KNOW WHAT IS LEFT OVER FROM BON.

>> IT MAY BE A SIGNIFICANT AMOU. >> I WILL GO ON. THE, JUST GIVD AND INFORMATION. THE SJ ARE A E GOVERNMENT UNIT. THEY. THEY HH THE MUD'S TO PROVIDE CUSTOMERS R CONNOISSEUR AND UTILITY SERVICE.

LET ME BACK UP. I AM GETTING AA CONTRACTS WITH THE WOODLAND MUDL FACILITIES. THEY DO NOT PROVIDO WATER AND SEWAGE USERS. THEY PE SERVICES. THE MUD'S PROVIDE THE RETAIL SEY CONTRACT WITH THE INDIVIDUAL US. THE S JRA HAS THEIR FACILITIES E WITHIN THE SYSTEM.

[01:00:06]

MONTGOMERY COUNTY MUD PAYS THE R ANNUAL OPERATIONAL'S BUDGET IN E PAYMENTS TO THE S JRA THE CONSOLIDATED CALLS FOR THESL YEAR 2020 WAS $3.8 MILLION. THY HAVE A CAPITAL FACILITY CONSISTE WASTEWATER TREATMENT FACILITIESR MAINS AND THEY HAVE FIVE WATER E MAJOR WATER MAINS. THEY HAVE AR WELLS AND TANKS. THE ANNUAL REIMBURSEMENT COST IE CURRENT OUTSTANDING DEBT OWNED A IS 20 8.1 MILLION. THIS IS AN L THAT DOES NOT INCLUDE INTEREST F WHEN THE DEBT IS DUE. THEY HAVE THROUGH 2032 BASED ON THEIR LATS JRA IS A SEPARATE GOVERNMENTAL . THE S JRA AND THE WOODLANDS MUDS THROUGHOUT MONTGOMERY COUNTY HAA GROUND WATER REDUCTION AGREEMEN. EIGHTH CIRCUIT WATER SURCHARGE S PER 1000 GALLONS OF WATER USAGEE UTILITY BILLS FOR THE INCOME RAS CUSTOMER SERVICE BY THE S JRA AY COUNTY PORTION OF THE CUSTOMER . WE CAN GET TO THE SLIDE ON THE D BALANCE. THIS IS JUST A GENERAS LIGHT TELLS ME, THERE IS $50 MIE UNRESTRICTED. THIS WOULD BE AGAIN IN THE GENE.

THERE THERE'S NOTHING I WOULD PY REASON I PUT IT IN HERE IS BECAT SOMEONE WOULD ASK HER WHAT IS TO

THE DEBT FUND THAT HE DIDN'T PU. >> LET'S TALK ABOUT HARRIS MONTO 86. THEY SERVE HARRIS COUNTY AE WOODLANDS OR THE WOODLANDS MONTT IS THE MAY VALLEY AREA. IN MUD 386, THEY GET THEIR SERVR MANAGEMENT SERVICES ARE PROVIDEM AND MUD THREE TO SIX THEIR WATEE TREATMENT CONTRACTS ARE THROUGHD 387. THAT IS ONLY FOR THE HARRIS COUE SJRA PROVIDE FOR THE ( INDISCERS MONTGOMERY COUNTY CUSTOMERS. THESE ARE LOWER THEN MONTGOMERYS WITH MONTHLY USER CHARGES RANGIR MONTH TO 7436. 5680 IS THE MAYF IT. MUD THREE TO SIX HAS A TAX NECET THEIR DISTRICT. FOR GENERAL OPY WAS 16 CENTS. FOR DEBT SERVICE. I DO KNOW THAT CHANGED, I BELIEN

THE FOLLOWING YEAR, THE RATE AC1 PENNY ON OPERATIONS. >> IT WENT DOWN IN DEBT BUT WHEN

PENNY. >> ARE YOU ON A DIFFERENCE LIKE? >> THE INFORMATION IS NOT ON THR

>> I AM TRYING TO WORK THROUGH . IN HARRIS COUNTY, ONE OF THE FEA HAS A FEE OF 288 FOR THEIR GROU HARRIS COUNTY THAT CHARGES FOR H THE NORTH HARRIS COUNTY WATER AE A MAY VALLEY CUSTOMER YOU ARE PF

[01:05:05]

YOU ARE IN ANY OTHER PART OF MUE PART OF THE NORTH HARRIS DISTRI. LET'S GO TO THE OPTIONS. THE FN THE NEW STATUS QUO. A NEW GOVED SAY LEAVE AS IS AND MOVE ON. THE SECOND OPTION, THIS IS AN OY GOVERNMENT THE CITY GOVERNMENT G INCORPORATION THEY COULD CONSIDL ACTION. LESLIE INDICATED THE GD HAVE THE RIGHT, NOT THE OBLIGATE JOB OBJECTIVE GENES WITHIN THE E RESPONSIBILITY.

TEN OF THE MUD TAB IN OPERATIONE MANAGEMENT ORGANIZATION. THIS R WELL-SUITED TO BECOME A CITY MUY DEPARTMENT. IF YOU LOOK AT THEIR OPERATIONSO WHAT A CITY DEPARTMENT WITH DO.

THE WATER AND SEWER SERVICES AGA AND MUD 387 WOULD BE PART OF THY OPERATION.

THE FULL CONSOLIDATION OF THE MT SIGNIFICANT OPERATIONAL SAVINGSL BENEFITS BY DECREASING THE NUMBT UNITS AND CONSOLIDATING FUNCTIO. REFINANCING MAY REDUCE ANNUAL D. ADMINISTRATIVE COSTS SUCH AS AU, DIRECTOR FEES COULD BE REDUCED., ELIMINATED. THE POTENTIAL BENEFITS INCLUDE R COMMERCIAL GLASSES AND AN OPPORR RATES AND REALIGNMENT THE COST T SAYING THERE ARE INEQUITIES BUTN BE TAKEN CARE OF AT THAT.BETWEED COMMERCIAL USERS. IT WOULD HELP PROVIDE ADVOCACY R AND DRAINAGE THROUGH CITY OPERA. HAS THE ABILITY TO ISSUE REVENUX BONDS FOR UTILITY PROJECTS.

THE CITY COULD CONSIDER ESTABLIE SYSTEM BASED ON THE COST OF SERN PROPERTY FACTS AND LEVIES.

THEY DO HAVE ISSUES SUCH AS FLO. A CITY UTILITY MAY HAVE STRONGEN DEALING WITH FEDERAL, STATE OR N MATTERS SUCH AS PLANNING, GRANTS THAT IMPACT LOCAL UTILITY USERSL DETRIMENT IS THE OUTSTANDING DEE UTILITY CUSTOMERS IN THE CITY WE CONSOLIDATED THAT SERVICE REQUIE SOME HAVE HIGHER WHILE OTHERS H, CONSOLIDATING ALL MUD WOULD COSY HIGHER TAXES TO SUPPORT THE DEB. OPTION 3 IS NOT AN OPTION THAT Y DETERMINED BY A CITY GOVERNMENTO BE A NEGOTIATED OPTION. LETTERO PROVIDE OPERATION AND MAINTENANS SCENARIO, AND YOU CAN OR VARIATS THEY WOULD CONTINUE TO LEVY TAXO PAY OFF EXISTING THAT.

ANY FACT IN EFFECT, ALL OPERATIO WITH PLANNING AND OPERATING A UO A CITY GOVERNMENT AND THE MUD'SL

[01:10:04]

THE MUD IS PAID OUT. I AM SURE THERE ARE SOME VARIATE CONCERNS THAT PEOPLE WOULD HAVES SOMETHING THAT COULD BE EXPLORE. THE MUD'S, WOULD BE ELIMINATED A CHANGE IN THE UTILITY FEES.

IF YOU LOOK BACK AT THE NUMBERSL OF THE MUDS I HAVE A LEVY FOR OD NOT BE A 26% FEE IMPACTED ON ALY THERE WOULD BE VARIATIONS. THAT IS ONE AREA WHERE THEY AREY DO HAVE A LEVY FOR OPERATIONS.

THE CITY COUNCIL WILL ESTABLISHR PRINCIPAL OPERATIONS AND SAID US OPTION TO OPERATE AS A CITY UTIY ENHANCE THE COMMUNITIES OR THE Y BY VISIBILITY WHEN ADDRESSING WR DRAINAGE THAT SUBSIDES CONCERNSR GOVERNMENTS AND AGENCIES. UTILE COULD POTENTIALLY BE FUNDED IN H REVENUE BONDS AND THE MAJOR CHAS OPTION WOULD APPEAR TO BE SECURL OF THE WOODLAND MUDS. THIS WOUN I SAY ALL, IT'S NOT A COLLECTIVR THAN TO INDICATE EACH AND EVERYO AGREE TO THIS. UNLIKE THE CONSOLIDATION OPTIONE CITY COUNCIL TO TAKE A UNILATERN ONLY BE IMPLEMENTED WITH THEIR . I AM PROBABLY RUNNING SHORT ON O WRAP UP YOUR QUICKLY. THE LAST PART OF THIS, AND AGAIN RECEIVED HAD INFORMATION ON COM THESE ARE COMPARATIVE COMMUNITI THESE COMPARISON CITIES, THEY RS AND CHARGES, NO PROPERTY TAX LEE PRIMARILY REVENUE BOND DEBT FORI SAY PRIMARILY, I DID FIND ESTIMD SUPPORT BUT THEY USED USER FEES.

THEY FUND THEIR UTILITY FEES VED A PORTION OF THEIR OPERATIONS TS EXCEPT FOR SUGAR LAND. THEY FUD RECYCLING AND WASTE COLLECTION R FEES WITH A CHARGE SHOWN ON THE. FOR OUT OF THE FIVE CITIES IMPOR CAPITAL COSTS. AGAIN, I PROVIDED INFORMATION OT GO TOO FAR INTO THE IMPACT THE .

IF WE LOOK AT RESIDENTIAL CHARGI INDICATED, THE CITIES BILLED SEN UTILITY BILLS. OBVIOUSLY, THATN THE WOODLANDS. I THINK THE ANNS 7.1 MILLION DOLLARS. THAT IS SK FORWARD, YOU MAY WANT TO GIVE B.

FOR OUT OF THE FIVE CITIES HAVED STORMWATER FEES TO MOVE THE DRAY USER FEE TO A DIRECT USER CHARG.

IN THE CITIES THEY GENERATED 1., THE BILL FOR RESIDENTIAL BILLS R MONTH TO $965 PER MONTH.

IN ALL OF THOSE SITUATIONS, THED ON IMPERVIOUS AREAS. WOULD. W, ESPECIALLY ON A RESIDENTIAL PRO, AND YOUR DRIVEWAY WILL PAVE A FA CHARGE ON THAT. COMMERCIAL ARE WHAT THEY LOOK AT, THEY LOOK ATL PROPERTIES BUT THERE'S NO BASE A CALCULATED FEE. ALL OF THE COMMUNITIES CHARGE S.

THE OTHER ONE THAT I WOULD BREAA MATTER OF INFORMATION BECAUSE TE UP AND THAT IS COMMERCIAL SOLID

[01:15:06]

SOME CITIES ESTABLISH COMMERCIAR PROVIDERS WHICH CAN GENERATE ADR A CITY.

THE MUSICALITY AS THE AUTHORITYA CONTRACT FOR COLLECTIONS BASED S CONSIDERED APPROPRIATE BY CITY S TYPICALLY DONE BY IMPLEMENTATIO. THESE ARE NOT OUR. COMMUNITIESF OUR. COMMUNITIES. I LOOKED ATS TO SEE WHERE THEIR SEED EXTRACTY RANGE FROM 3% TO 10% BASED ON TS COLLECTED FOR THE REMOVAL OF COE WITHIN A COMMUNITY. BASED ON SOME INFORMATION THAT , AGAIN I HAVE NO WAY TO VALIDATES HER REMEMBER THROWN OUT BASED OE VILLAGE COMMERCIAL AREAS AND HES RECEIPTS WOULD BE IN THE $2 MILS AT 3% AND YOU'RE LOOKING AT 300U ARE LOOKING AT 1 MILLION. THAT ENDS MY REPORT. I WOULD BY

QUESTIONS. I APOLOGIZE FOR GET. >> I THINK IT WAS WELL WRITTEN.D LATE LAST NIGHT, A COPY OF THE Y OF YOUR EFFORTS. WE WILL START IF ANYONE HAS ANY. YOU ARE GETTING OFF EASY.

>> I DID GO THROUGH EVERYTHING E EVERYTHING YOU PUT TOGETHER. THERE ARE SOME OHER THINGS, JUSE CLEAR, MY CONVERSATION IS VERY S OF STUFF TO CONSIDER. THERE'S G THAT COMES INTO PLAY FOR SOME OT WOULD HELP WITH MITIGATION OR FE HAVEN'T DELVED INTO THAT WE DONE ARE NOT TAPPED INTO OR THE MUD'E TAPPED INTO. THIS TEMPTED TO. T SOMETHING WE CAN DO AT PHASE ONE GETS ALL ANTSY ANSI WHEN THEY HE FACT IS, IF AND WHEN INCORPORATT THE ASSUMPTION OF THE MUD'S CAND BECAUSE IT TAKES A FUTURE ELECTO MAKE THAT DECISION. WHAT WE WANTED TO DO WITH THE A, OUR INITIAL ANALYSIS CAME BACK E DISPARITY, WE ARE TWO YEARS PASL ANALYSIS. WHAT ARE THE OTHER DN YOU LOOK AT INCREASING THE WATEO THAT, 26% TO COVER THIS OR TO CU LIMIT ONE 100% OF YOUR PROPERTYA COST SAVINGS FOR SOME, AND LIKET IS MORE EQUITABLE, LONG-TERM DET MATCHES EVERY OTHER MUNICIPALITF YOU COMBINE THAT WITH THE TRASHD LOOK AT THE TRASH SERVICE, VERS, I THINK THE ISSUE WE HAVE AS A D NOT HAVE A BILLING MECHANISM.

AS YOU LOOK AT THE POST INCORPO, WITH A MUD ASSUMPTION YOU HAVE G DEPARTMENT, THAT IS SENDING OUTE COULD EASILY SEND OUT WASTE MAN. THAT IMPACT, IS A GOOD 7.1 MILLL GROW EVERY YEAR. GRANDMA COSTS THAT IS PROPERTY TAX, THAT'S THT PICKING UP TRASH AND THAT IS JU. WHAT YOU ARE ENDING WITH, SOME L

[01:20:10]

CHANGES, OR COMMERCIAL FOR TRASD OFFSET THE IMPACT ON THE RESIDE. VERY THOROUGH. VERY INTERESTINF

THE THINGS YOU HAVE BEEN WORKINY APPRECIATED. >> I HAVE A QUESTION ABOUT, WHEE THEIR MUD TAXES VERSUS WHEN THER TAXES, WOULD IT COME THROUGH ATU WERE DOING OPTION TO VERSUS AFTR

THEY'RE HOW WITH ARE VERY? >> YOU ARE TALKING ABOUT FOLLOWN OF THE CITY WERE TO ABOLISH THEE

RECREATE A SINGLE UTILITY, WENTS BE LEVIED? >> WENT WITH WHEN WITH THE CITYM -- WHEN WITH THE RESIDENCY THEM. IT WOULD END UP, THE BILLS WOULT YOU RECEIVE RIGHT NOW. THE SAMT

WOULD -- RIGHT IT WOULD GO SOIL. >> IT WOULD BE CONSOLIDATED. >> IT WOULD BE ON ONE PAGE.

>> . >> ON THE OBJECT WHERE THE CITYT BECOMES THE CITY TAXPAYER THAT

THAT IS NICER THAN SENDING OUT . >> WITH THE RESIDENCY AT ALL. T TWO PIECES OF PAPER. THEN IT W.

>> IF THERE WAS A THIRD OPTION E SAND YOU WOULD STILL HAVE A SEPS WOULD STILL CONTINUE, UNDER EXI.

>> HAVING IT ON ONE PAGE WE WOU? >> THERE WAS MONEY SAVINGS. ITE ARE ALWAYS SURPRISED TO GET THEE

MAIL FOR MORE TAXES. >> KEEP IN MIND THE BILLS WOULDR THE TWO SCENARIOS WE TALKED ABO.

>> AS A TAXPAYER I WOULD RATHER. >> YOU DO HAVE YOUR BUDGET. YOT AND YOU SAY I HAVE COVERED MY TS

ANOTHER TAX AND YOU FORGET THATD IT'S PRETTY BIG, DEPENDING WHER. >> I WANT YOU TO POINT OUT SOME THESE ARE SOME OF THE OLDER ONES THAT NEED, THAT ARE LOOKING AT E COSTS DOWN THE ROAD, CAN YOU ADK

WORKS >> THIS WAS A SNAPSHOT IN 2020.A SNAPSHOT, THE INFORMATION, I DOE INFORMATION IN TERMS OF WHAT THT DOWN THE ROAD. YOU LOOK AT ANY, THE ROADS AROUND THOSE SEWER WAT FACILITIES NEED TO BE UPGRADED.F MOVING PARTS THAT HAVE TO BE RE. IF YOU PAID OFF YOUR DAD, FOR 2S PROBABLY ONLY A MATTER OF TIME,E BETWEEN WHEN IT IS PAID OFF ANDN BUT I DON'T KNOW WHAT THE NUMBE.

>> A FUTURE CITY COUNCIL WOULD R RATE STUDY, AND GET A MORE IN TS TO BETTER ANALYZE THE TIMING. E PEOPLE THAT SAY MY TAXES ONLY AT IS A SHORT-TERM DEAL WHEN THE ME REPLACED, YOU ARE GOING TO HAVEY UNDER THE CURRENT STRUCTURE ANDU BACK INTO HAVING A HIGHER TAX R. WE CANNOT RESOLVE IT, WE DO HAVH ANALYSIS OF THE MUD'S BECAUSE WE EXTENT OF THE OTHER DELIVERABLET TALKING ABOUT, LET'S NOT PUNCH,T

[01:25:04]

WE CAN JOIN THE OTHER SIDE OF WK LIKE. WE UNDERSTAND WORK TO BEE AND WE HAVE A GENERAL IDEA, WE E PROPERTY TAX. WE CAN SAVE MONEG BUT WE WOULD HAVE TO DO MORE WOY COUNCIL DECIDE IF THAT IS WHAT WHAT ARE THE DEBT SERVICE FUNDSE IMPROVEMENT REQUIREMENTS FOR THT ARE UNDER THE FALSE SENSE OF SE.

>> WE HAVE EXCEEDED OUR TIME BYS PROBABLY ON ME, ASKING TOO MANY. >> DO WE HAVE A MOTION TO ACCEP.

>> I WILL GIVE YOU THE MOTION, D PERIOD >> SECOND.

>> I THOUGHT BOB DID. >> I WILL READ THE MOTION. >> WE HAVE IT ALL IN FAVOR SAY THANK YOU EVERYONE FOR GETTING E DO NOT HAVE EXECUTIVE SESSION FE WILL GO STRAIGHT TO A MOTION TOE

WILL HAVE A MEETING IN 5 MINUTEA FIVE MINUTE INTERVAL. >> MOVED TO ADJOURN.

>> WE ARE ADJOURNED AND WE WILL.

* This transcript was compiled from uncorrected Closed Captioning.

STANDARD ITEMS

3. REGULAR AGENDA

STANDARD ITEMS

3. REGULAR AGENDA

Jun 17, 2021 Board of Directors Special Planning Session Meeting Agenda

STANDARD ITEMS

3. REGULAR AGENDA

STANDARD ITEMS

3. REGULAR AGENDA

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