>> IT IS 3:40 SHOULD BE GO AHEAD AND GET STARTED.
[1. Roll Call - Announcement of a Quorum]
[00:00:04]
AND SEE IF PEOPLE START TO SHOW THEIR CAMERAS.
>> I SEE TRUSTEE ZIMMERMANN IS ON.
>> AND PEOPLE ARE COMING IN AND GO AHEAD AND SHARE YES.
THIS IS NOW THE DALLAS FINANCE COMMITTEE THAT BEGINS AT 3Â O'CLOCK NOW HOSTED AT 3:41 I WILL BE WITH A ROLL CALL TO CONFIRM A QUORUM.
>> TRUSTEE PHILIP RITTER, PRESENT.
>> TRUSTEE ZIMMERMANN ARE YOU PRESENT?
>> TRUSTEE RITTER EVERYONE IS PRESENT.
THE ONLY PERSON NOT ON THE COMMITTEE MEETING IS TRUSTEE WILLIAMS.
IN ACCORDANCE WITH THE SUSPENDED RULE WE CERTIFICATE THAT NOTICE OF
[2. Certification of Notice Posted for the Meeting]
THIS MEETING HAS BEEN POSTED ONLINE FOR AT LEAST 20Â HOURS.WE HAVE A QUORUM BY VIDEOCONFERENCE OR TELEPHONE CALL.
WE ARE USING BY SWAGIT WHICH ALLOWS FOR PUBLIC VIEWING THROUGH THE POSTED WEB LINK.
AND WE WOULD AT ANY PERSON MEETING.
MEMBER WHO FOLLOW THE INSTRUCTION FOR REGISTERING TO SPEAK THROUGH THE PUBLIC MEETING PART WILL BE ABLE TO SPEAK FOR FIVE MINUTES.
THE BOARD WILL RATE THE COMMENT INTO THE RECORD BEFORE CONSIDERATION.
IF YOU WOULD LIKE TO PLEASE FOLLOW THE INSTRUCTIONS ON THE BOARD WEBSITE.
ALL OTHER MEETINGS WILL ADHERE TO BOARD TO THE SCENT POSSIBLE.
THIS MEETING IS BROADCAST WILL OVER THE INTERNET AND WILL BE AVAILABLE AT A LATER DATE.
THIS A LOUSE FOR 1,000 TO PARTICIPATE.
AND OVER 10,000 TO VIEW OVER STREAMING WITH APOLOGIZE IN ADVANCE FOR ANY UNFORESEEN TECHNICAL DIFFICULT.
CAN YOU CON FAIRLY THIS HAS BEEN POSTED.
>> I CAN I CERTIFICATE THAT THIS WAS POSTED ACCORDING TO SECTIONÂ 551 THE TEXAS GOVERNMENT CODE.
I THINK WE MAYBE I WANT TO GIVE BACK SOME TIME TO THE GROUP TODAY.
WE ARE GOING TO TALK ABOUT TWO THINGS FIRST WE WILL HEAR A PRESENTATION ON BROOKHAVEN AND SOME OF THE PLANNING UP THERE.
FOLLOWED BY CONSIDERATION OF TWO ITEMS IN APPROVAL OF THE I LA.
FARMER BRANCH AND THE DOWN OF ADDISON.
AND A RESOLUTION AUTHORIZING THE SEAL OF CERTAIN TAX NOTES.
CHANCELLOR JOHN ROBERT SON WOULD YOU LIKE TO MAKE SOME INTRODUCTORY COMMENTS.
>> I WILL HAND OVER TO JOHN AND LET HIM PROCEED.
I NEED TO CONFIRM WE DO NOT HAVE ANY CITIZEN DESIRE TODAY SPEAK.
I NEED TO MAKE THAT FOR THE RECORD THERE WAS NOT ANYONE.
[4. Committee Presentations]
[5.A. Financial Item]
>> AND I WILL GO AHEAD AND GET DR. LINDA BRADDY START IF WE CALL UP HER PRESENTATION.
WILL YOU PULL UP THE SO MY PRESENTATION IS RELATED TO TRUSTEE RITTER SAID EARLIER ABOUT THE I LA WITH THE TWO CITIES.
SO WE HAVE BEEN DOING SOME COMMUNITY INTEGRATION PLANNING OR OUR CAMPUS.
AND PERLA IF YOU GO TO THE NEXT SLIDE.
THIS SHOWS WHAT WE LOOK LIKE TODAY.
IT IS PART OF OUR MASTER PLAN THAT WAS PUTT INTO PLACE A COUPLE OF YEARS AGO F YOU GO TO THE NEXT SLIDE.
SO WE HAVE SOME CAMPUS ADJACENT THAT WE HAVE BEEN LOOKING AT AS PART OF THIS INTEGRATIONS.
[00:05:01]
YOU SEE THE TOP LEFT WE HAVE VITRUVIAN AND THE PERISH ACADEMY SCHOOL.AND TO THE EAST WE HAVE AN OFFICE PARK.
A BUSINESS PARK THE CENTER HAS SOME HOUSING THERE.
AND THEN TO THE SOUTH AND WEST WE HAVE RESIDENTIAL AREAS.
WE ARE THE DOWN BROWN IN THE CENTER.
WE LEARN THROUGH YOUR COMMUNITY INTEGRATION PLANNING.
THAT WE COULD BETTER CONNECT THESE ADJACENCY WE WILL NEED TO DO TO DO THAT WITH THE NORTHER PART OF THE CAMPUS.
NORTH OF THE CREEK AND SOUTH OF THERE.
SO IF YOU GO TO THE NEXT SLIDE PLEASE.
SO THIS IS A ZOOMED OUT VIEW WHERE WE SIT IN THE LARGER COMMUNITY.
WE HAVE A PROJECT THAT HAS BEEN IN THE WORKS FOR A WALL.
THE ALPHA RODE CONNECT FOR PROJECT THIS WORKS AS A FIRST STEP THAT THAT PLAN.
SO WE ARE TALKING ABOUT A ROAD CONNECTING THE ALPHA ROAD WHICH IS WHERE THE CURSORY IS THERE YOU CAN SEE GOING NORTH AND SOUTH TO THE RIGHT OF THOSE TREES TO THE MIDDLE.
AND PROPOSED ROAD IS ON NORTHER BOUNTY.
AND YOU CAN SEE THE TRAFFIC CIRCLE.
YOU SEE THE GREEN SHADED AREA ON THE RIGHT.
THAT IS THE PROPOSED PLACEMENT OF THIS CONNECTER ROAD AND IT WOULD ALSO IF YOU SEE THE ROAD GOING SOUTH.
IT WOULD GIVE US A NORTHERN ENTRANCE TO OUR CAMPUS.
WHICH WOULD BE A THIRD WHICH WOULD BE HELPFUL.
THIS WILL CONNECT THE TWO CITIES.
IT WILL CONNECT ALPHA ROAD TO THIS VITRUVIAN PARK OVER HERE.
AND IT IS A GREAT PARTNERSHIP WITH US WITH DALLAS COLLEGE WITH THESE TWO CITIES.
THERE IS NO FINANCIAL OUTLAY FOR US AT ALL.
WE WILL MAINTAIN THAT NORTHERN ENTRANCE WHEN IT IS PUT IN.
THE CITY ARE PAYING FOR EVERYTHING.
THIS IS A BIGGER PICTURE OF OUR NEW COMMUNITY PLAN.
THIS IS THE FIRST PASS AND JOHN AND I WILL BRING BACK THIS WHOLE MASTER PLAN IN MORE DETAIL LATER.
WE WANTED TO SHOW YOU WHERE THIS ALL FORMULA ROAD PROJECT TIDES IN.
YOU CAN SEE THE NORTHEAST PART THE CIRCLE AND THEN THE ROAD TO THE EAST.
WHERE THE 1 AND 2 ARE THE ONE IS VITRUVIAN THERE THEY ARE THINKING THEY MAY EXPAND AT SOME POINT.
THAT IS THE PLACEMENT IN THE OVERALL PLAN THAT IS WHERE THE ROAD WOULD BE.
THIS IS REALLY JUST A GLIMPSES WHAT WE ARE LOOKING AT JUST A FIRST DRAFT.
YOU CAN SEE THE TRAFFIC CIRCLE IN THE FAR RIGHT CORNER THAT GIVES YOU A DIFFERENT VIEW OF IT.
I MIGHT ASK ON THE BROOKHAVEN CAMPUS THERE HAS BEEN EXTENSIVE WORK FOR GRADING AND SUCH BECAUSE OF THE FLOOD PLANE CONDITION.
ARE WE MITIGATING FLOODPLAIN IN SOME WAY SIMPLY BECAUSE WE KNOW THAT IS WHAT THAT IS.
THAT IS WHY THERE IS A LOT THAT HAS NOT BEEN USED.
>> YES ACTUALLY THERE HAS BEEN QUITE A BIT OF STUDY ON THAT OVER THE LAST COUPLE OF YEARS.
AND SO THERE WILL BE A RETENTION POND PUT IN THAT THE CITY WILL PAY FOR AS WELL TO HELP MITIGATE THAT.
>> SIMPLE RETENTION POND GOING TO BE ENOUGH WHEN WE NEED >> WELL BOTH CITY HAVE BEEN INVOLVED IN THAT.
AND THEY CAME TO THE AGREEMENT.
FARMER BRANCH WAS CONCERNED ABOUT THAT.
SO THEY CAME TO AN AGREEMENT THAT THIS WOULD BE ADEQUATE.
>> ANY OTHER QUESTIONS FROM TRUSTEES? DR. A QUICK ONE.
[00:10:23]
A MAP THAT YOU SHOWED OF THE ADJACENT PLANNED USE.AND BROOKHAVEN LIKE A LOT OF COLLEGES THEY ARE SORT OF A NATURAL OASIS.
AND YOU KNOW WE PROVIDE A LOT OF HABITAT FOR VARIOUS FISH AND FAUNA AND FLORA I GUESS.
YOU KNOW HOW DOES ENVIRONMENTAL PLANNING FIT IN.
>> WELL FRONT AND CENTER AND WE LOOKED AT LIKE MOST OF LIKE THE NORTHWEST CORNER AND WELL ALL THE TREES ARE ON THE WEST SIDE.
BUT THE PLAN IS TO REALLY PLAN TO INTEGRATE MORE OF THE COMMUNITY INTO THE CAMPUS.
IF YOU LOCK AT OUR EAST SIDE WE ARE UP AGAINST THAT OFFICE COMPLEX OVER THERE.
AND THAT IS AN OPPORTUNITY TO BRING RETAIL OFFICE SPACE TO THAT PART OF OUR CAMPUS TO BETTER INTEGRATE.
TO THERE ARE PRIVATE PARTNERSHIP THAT WE CAN LOOK AT.
WE WILL DEFINITELY KEEP ALL THOSE SUSTAINABILITY ISSUES IN MIND AT ALL OF THE ECOLOGICAL ISSUE AS WE MOVE FORWARD.
>> AND LOOKING AT THE DIAGRAM YOU HAVE NOW.
THE COMMUNITY COLLEGE OWNS ALL THAT LAND ON THE NORTH SIDE OF BRANCH THAT WOULD ONLY BE IF HE SELL IT OR.
>> WE ARE NOT GIVING UP ANY PROPERTY RIGHTS OR EASEMENTS: >> WELL I THINK EASEMENT THROUGH WHERE THE ROAD IS.
>> THE LOCAL AGREEMENT CALL FOR CONVEYANCE FOR THE EASE WAY AND GOING TO BE ON DALLAS COLLEGE PROPERTY.
IN ORDER TO WATER AND DEAL WITH THE HYDROLOGIC CONCERN.
SO THERE ARE THAT IS THE ONLY CONSIDERATION PROVIDED BY THE COLLEGE.
>> WE CONSIDER THAT MONTHS AGO THAT EASEMENT CAME UP.
AND IF I AM NOT MISTAKEN WE VOTED TO APPROVE IT.
>> THERE WAS AN APPROVAL IN THE PASS.
BUT THEN THAT WAS BEFORE FARMER BRANCH CAME IN SAID WE REALLY NEED TO LOOK AT THE FLOOD PLANE ISSUE.
SO THE CITY HAD TO COME TO AN AGREEMENT.
THERE IS AN ADDITION TO THE RETENTION POD NOW.
SO WE WANTED TO BRING THAT BACK TO YOU AGAIN.
>> AND JUST FOR THE RECORD CONSIDERATION THAT THE DISTRICT WILL BE RECEIVING FOR THE EASEMENT IS WHAT?
>> THEY WILL BUILD A NORTHERN ENTRANCE FOR US AT NO COST.
THAT WILL BE BENEFICIAL TO IF WE HAVE EMPLOYEE THAT LIVE AT VITRUVIAN.
IF THEY NEED TO EXIST THE CAMPUS THAT IS A THIRD.
AND IT FITS INTO OUR COMMUNITY INTEGRATION A GOOD FIRST STEP.
>> AGAIN CHAIR RITTER THERE IS NO CONSIDERATION MADE HERE.
THAT IS WHERE WHERE QUESTION WAS GOING IF WE ARE GETTING THIS CONNECTOR ROAD WITHOUT HAVING TO PAY.
OR GO THROUGH THE RED TAPE OF GETTING THE CITY ZONING AND PLANNING TO DO EVERYTHING.
THIS IS COME BACK WITH BOTH FARMER BRANCH AND ADDISON WITH REALLY ON FIRE ABOUT HELPING US GET THIS DONE AT THEIR EXPENSE.
AND IF FOR SOME REASON THE PROJECT DID NOT WORK FORWARD AT TERM OF THEIR EXPENDITURES OUR EASEMENT.
>> I WOULD HAVE TO HAVE ROB ANSWER THAT QUESTION.
YOU WOULD GO IN AND REVOKE I DO NOT KNOW THE LEGAL TERM.
YOU O VOLKSWAGEN THE EASEMENT AND TAKE THE PROPERTY BACK.
I WAS DISTRACTED BY SOMETHING ELSE ON MY SCREEN.
THE CONVEYANCE IS FOR EASEMENT FOR ROAD WAY AND DETENTION FACILITY.
THE EASEMENT COULD BE RESENTED AT SOME POINT IN THE FUTURE.
IT WOULD BE FAIRLY DIFFICULT TO DO SO ONCE THE ROAD WAY WAS CONSTRUCTED.
[00:15:08]
IT WOULD REQUIRE ABANDONING THE ROAD WAY.BUT EASEMENT ARE NOT A CONVEYANCE OF THE FEASIBLE.
>> WHILE WE GOT EVERYONE ON THE CALL IF THERE IS ANY QUESTION ABOUT THE INTER AGREEMENT WE MAY DISCUSS THOSE NOW.
WHILE WE HAVE THE PRETTY PICTURE UP.
IT WAS INTERESTING TO ME AS YOU KNOW WE WORK WITH COMMUNITY INTEGRATION PLAN ON THE THREE CAMPUSES.
WE JUST RECENTLY THREE NORTHER CAMPUSES INCLUDING BROOKHAVEN.
IT IS FUNNY HOW ALL THIS CAME TOGETHER AT ONE TIME AND FITTED WITH WHAT WE ARE PLANNING ON HAVING THOSE.
THAT IS THE REASON TO DO THESE COMMUNITY INTEGRATION.
WHEN OPPORTUNITY PRESENTS IT SELF YOU HAVE AN IDEA OF WHAT YOU WANT TO DO.
THESE TWO PIECES JUST HAPPEN TO FALL TOGETHER VERY WELL.
>> ANY QUESTIONS FROM TRUSTEES ON EITHER THE PLANNING PROCESSOR FINANCIAL ITEM?
>> I DO VAGUELY REMEMBER THAT THERE WAS SOME ISSUES WITH THE NEIGHBORHOOD.
THAT THE CITY OF ADDISON >> SORRY WHAT DID YOU SAY.
>> DID THE CITY GET THE ISSUE AND CONCERNS FROM THE NEIGHBORHOOD? DID THEY COME TO AN AGREEMENT.
>> YES THE HOA HAD EXPRESSED SOME CONCERNS.
AND THEY PRESENTS SOME OPTION AND THE HOA GAVE THEIR FEEDBACK AND I BELIEVE THAT RESOLVED IT.
>> QUESTION REGARDING YES WITH THE EASEMENT GRANTEDING ON THE ROAD WAY.
THE TWO ITEM BE CITY POSSIBLE OR THE COLLEAGUES OF THE DISTRICT RESPONSIBILITY.
>> THE ROAD WOULD BE THE CITY.
THE NORTH ENTRY WOULD BE OUR THE MAINTENANCE.
>> YES THE AGREEMENT CONTEMPLATE MAINTENANCE ON THE PART OF CITY.
ENTRANCE ONCE BUILT AT NO COST OF THE COLLEGE WOULD BE THE MAINTENANCE OF THE COLLEGE HOWEVER.
>> BUT THE ROAD THAT IS CORRECT.
>> REVERSION OF EASEMENT IN CITY CONSIDERATION IS NOT FORTHCOMING FOR WHATEVER REASON.
THE PROJECT IS CANCELS OR SOMETHING.
YOU WILL CONSIDER THOSE POINT AND ADDRESS THEM IN THE I LA IN THE CONVEYANCE DOCUMENTS.
>> YES THEY HAVE BEEN ADDRESS IN THE I LA AND IN THE CONVEYANCE DOCUMENT AS WELL.
>> ALL RIGHT ANY OTHER QUESTIONS.
SO DR. LINDA BRADDY I THINK YOU HAVE THE NICEST OFFICE AND YOU ARE TRANSPARENT TO YOUR STUDENT AT STREET LEVEL.
>> I LOVE IT BUT THIS SEMESTER IT IS KIND OF DESERTED OUT THERE.
JOHN YOU WANT TO TALK ABOUT TAX NOTES.
[5.B. Resolutions]
>> WE 20 TO THE BOARD A PLAN TO RAMP UP OUR FACILITY BY $30Â MILLION BY SELLING TAX NOTES THAT WE WILL PAYOFF BY FEBRUARYÂ 2022.
SO WE ACTUALLY GOT SOME PRICING ON THIS TODAY.
AND 30 MILLION DOLL AS HAS AN INTEREST RATE OF .
THAT IS GETTING VERY LOW ON WHAT WE HAVE AVAILABLE HERE.
WE DO HAVE JASON HUGS ON THE CALL IF THERE ARE ANY DIRECT QUESTION THAT YOU WOULD LIKE TO HEAR FROM THEM.
THIS IS BASICALLY THE SAME THING WE TALKED ABOUT BEFORE.
WE GIVE YOU A LIST OF POTENTIAL PROJECT.
BUT IF SOMETHING COMES UP DURING THAT TIME PERIOD WE WILL COME BACK TO THE BOARD AND SAY WE WOULD TRADE THESE OUT AND DO THIS ONE OPPOSED TO THE OTHER ONE.
[00:20:11]
THAT IS THE PLAN OF WHAT WE PLAN TO USE THE $30Â MILLION FOR.SO AGAIN THIS COMES BY REPAYING IN TWO YEARS THIS IS WE ALLOCATE 15, 15 MILLION A YEAR FOR FACILITY MAINTENANCE.
THAT IS HOW WE ARE ABLE TO REPAY IN TWO YEARS.
>> WELL WE DO THE 25 MILLION A YEAR IS WHAT WE HAVE BEEN DOING.
THIS IS AN ADDITIONAL 30 MILLION.
WHEN WE FIRST LOOK AT THIS IT WAS 200 MILLION.
WE ARE TRYING TO CHOP THAT LIST DOWN.
IF WE DO NOT MAKE THIS $30Â MILLION ARE ACCELERATION.
WE WILL BE PLAYING CATCH UP FOR A LONG TIME.
THIS HELPS US KIND OF LIKE WHEN YOU TAKE OUT A MORTGAGE AND YOU PUT EXTRA MONEY DOWN AND PAY IT OFF FASTER.
THAT IS REALLY WHAT WE ARE DOING HERE WITH THE FACILITY IMPROVEMENT PLAN.
TRYING TO ACCELERATE PUTTING MONEY DOWN THAT WE CAN AFFORD.
THAT DOES NOT EFFECT THE DEBT SERVICE FOR THE GL BONDS AND WE CAN DO THIS AND PAY THEM OFF IN TWO YEARS AND REALLY GET A LEG UP IN OUR FACILITY IMPROVEMENT.
>> THESE 30 MILLION IN TAX NOTE ARE IN ADDITION TO THE 25 MILLION FOR THE COMING TWO YEARS IT WOULD BASE LICK BE 80 MILLION AM I UNDERSTANDING CORRECTLY.
>> IT WILL BE 25 PLUS THE 30, SO 55 MILLION WHAT WE WILL SPENDING ON FACILITY IMPROVING PLAN PROJECT.
>> HOW IS IT THAT WE ARE ABLE TO PAY BACK THE 30 MILLION.
WE HAVE THE EXTRA DEBT SERVICE.
WE ARE WAITING FOR THE GO BOND AND WE HAVE THOSE TO BE ABLE TO FUND THOSE NOW.
WE HAVE THAT CAPACITY IF YOU WILL.
AS WE START TO SELL GENERAL OBLIGATION BOND WE WILL USE UP THAT CAPACITY.
WE PROMISE THE TAXPAYER TO KEEP IT AT $0.02.
>> I THINK THAT I APOLOGIZE MEMBERS I THINK JOHN IS EXACTLY RIGHT.
THIS IS SOMETHING THAT WE HAVE BEEN PLANNING FOR SOME TIME.
THE BOARD APPROVES P 2018 AND 19 WE STRUCTURED THOSE BOND TO PROVIDE THAT CAPACITY THAT ALLOWS FOR YOU TO ISSUE THESE TAX NOTES TODAY.
>> RECEIVED VERY COMPETITIVE BID AND LOW INTEREST RATE THAT IS A GREAT OPPORTUNITY FOR DALLAS COLLEGE.
>> THANK YOU TRUSTEE RITTER THANK YOU MR. HUGHES AND MR. ESTRADA.
IF I MIGHT ASK A QUESTION PLEASE.
WITH US HAVING NO CRYSTAL BALL.
I BELIEVE I THINK MR. ROBERT SON MADE THE COMMENT LAST MEETING THAT HIS CRYSTAL BALL BROKE DO WE KNOW WHAT KIND OF FUNDING WE WILL HAVE FROM THE STATE AND COUNTRY.
KNOWING THAT WE ARE A LITTLE SHAKY FOR ENROLLMENT.
PROMISING WE DO NOT KNOW HOW THAT WILL WORK.
JOB LESS RATES AND LOSS OF REAL ESTATE VALUE.
>> YOU MAKE A GOOD POINT AND WE HAVE BEEN SO CONSERVATIVE ON OUR FORECASTING OF THESE NUMBERS.
WE ARE VERY COMFORTABLE WITH BEING ABLE TO PAY THESE BACK IN TWO YEARS.
SO EVEN LOOKING ON THE DOWN SIDE EVERYTHING THAT YOU MENTIONED WE STILL HAVE THAT ABILITY TO PAY THESE OFF.
SO WE TAKEN ALL THAT INTO CONSIDERATION AND THEN DONE A LITTLE MORE CASE SCENARIO TO MAKE SURE WE ARE IN LINE.
LOOK AT MY HOUSE PAYMENTS AND SUCH I KNOW WHERE YOU KEEP MINING ALL THIS MONEY.
[00:25:10]
KIND OF YOU ARE FAR MORE OPTIMISTIC THEN I AM.KNOWING HOW MANY NEIGHBORS ARE OUT OF WORK.
>> JOHN, JUST REMIND THE BOARD HOW MUCH MONEY WE SAVED IN ANNUAL DEBT SERVICE THEW REFINANCING THE PAST COUPLE OF YEARS WHICH GIVES US THE HEADWAY AND FINANCIAL CAPACITY TO DO WHAT YOU ARE PROPOSING HERE.
I THINK IT IS OVER 50 MILLION NOW.
DO YOU REMEMBER EXACTLY WHAT WE SAID.
>> I THINK IN THE AREA 53 MILLION.
THE OTHER THING I WANT TO MENTION TOO IN RESPONSE TO TRUSTEE ZIMMERMANN CONCERN ABOUT US ABLE TO AFFORD THE FINANCING FOR THOSE BOND.
OUR TAX RATE IS SET FOR TWO THING.
OW R OUR INS WILL ALLOW US THE CAPABILITY TO MAY TAE DEBT OFF.
WHETHER WE HAVE A DECREASE IN TA V OR NOT.
ONCE THAT IS SET WE WILL BE ABLE TO PAY THAT AND WILL NOT BE IMPACTED BAY STATE APPROPRIATION.
WE ARE NOT ABLE TO USE THAT TAX RECEIVE 0 KNEW FOR EVERYTHING OTHER THAN TO PAY OUR DEBT.
>> WHEN WE DID THE BOND ELECTION LAST YEAR.
WE TOLD THE TAX PLAYER WE WOULD NEVER LET THE INS RATE GO ABOVE $0.02.
THERE IS NOTHING ABOUT THESE TAX NOTE THAT'S PUT THAT PROMISE AT RISK IS THERE.
>> WE ACTUALLY RIGHT NOW BECAUSE WE HAVE THE CAPACITY WE HAVE.
YOU KNOW, IF WE DIDN'T ISSUE THAT AT THIS POINT WE WOULD HAVE AN EXCESSITY AMOUNT OF CAPACITY.
ISSUING THIS IS THE BEST TO DO TO MAINTAIN A STEADY LEVEL.
>> ANY OTHER QUESTIONS FROM TRUSTEES?
>> THIS WILL BE ON THE BOARD AGENDA FOR APPROVAL THIS EVENING.
HEARING NO OTHER QUESTION THE ONLY ITEM FINANCE COMMITTEE NOTE FROM AUGUST
[6.A. Committee Notes]
FOURNL.WE DO NOT HAVE AN EXECUTIVE SESSION PLAN.
ANYTHING ELSE WE NEED TO DO BEFORE WE ADJOURN.
[8. Adjournment]
>> OKAY THE FINANCE COMMITTEE IS ADJOURNED THANK YOU EVERYBODY.
409 THIS MEETING OF FINANCE MEETING HAS ADJOURN AT 4:09Â P.M.
* This transcript was compiled from uncorrected Closed Captioning.