Belton City Council meeting November 26, 2024, 530 PM, right-room, Harris Center. Council members that aren't here, Craig Pearson and Council members, Stephanie O'Banion. Craig was going to be participating by Zoom, but he's unable to do so, but Stephanie is here. She's participating from cross planes. So thanks for being here, Stephanie. Can I assume you can hear us? I can hear you. I think we're still working on a video. OK. All right. All right. We can hear you as well. So we can continue to participate or continue to go. All right. So today, I think there's two big things. I was just saying there's two big things. Number one is our newest US.S. citizen Matt Bates will be leading us in the pledge allegiance to the U.S. flag and in honor of rivalry week I will be leading us in the pledge to the Texas and everybody blue or you know that that'll work and then Wayne Carpenter will give us an indication and also put in a good word for the home team. There, home team. That's right. I'm going to give you a hint. And then he, for him, he. No, I'm talking about our home team. Yeah, it's our home team. Yeah, here we go. All right. Join us in Matt. Take it away. Please join me in the pledge. I pledge allegiance to the flag of the United States of America and to the Republic for which it stands. One nation of God, individual with liberty and justice is strong. On to the Texas flag, I pledge allegiance to the Texas one state of God, one indivitable. Please join me in prayer. Our dear Heavenly Father, we thank you so much. This special time of the year, we have so many many things to be thankful for in our community. As we gather tonight to do the business of our citizens, we ask you to guide us in the decisions that we might make. We thank you for the blessing of living in Belton, Texas and the United States of America and for the freedoms that we all enjoy and help us to remember to protect them. We want to reach out, especially travelers, our first responders and this busy time of the year and help please keep us safe. I would ask you to put your healing hand on the homes and leave family and the loss of a love to want it at this difficult time of the year. And again, forgive us when we felt the, and dear Lord, we sure do appreciate those barn orange sunsets. I'm in. My amen. Good night. Good night. Amen. Amen. Good night. Amen. All right. I guess it's a good thing I'm not there tonight. Wow. There. All right. So, first item on our agenda is public comments. I don't have any written here, but if anyone wishes to address the council on any item that is not on the agenda, you may do so. Limit to three minutes. There being no one rushing to the podium. We will close public comments and go to our Consent Agenda. Items three through eight can be enacted by a single motion. If anyone wishes to pull any of these items, just please let me know and we will do so. And then, so I'm going to read these out loud for us. Item three is adopting the minutes of the November 12th council meeting. Item four is appointment to the following boards and commissions to the library board where we're re-appointing Carrie Pridemore and appointing Meg Wagner to replace Sandra Velo. BDC board of directorsctors were reappointing John Holmes, the building and standards commission were appointing alternates Elizabeth's Camardo and Clinton Bailey. The Central Texas Housing Consortium Board of Directors were appointing Melinda Golden to replace Linda Angel and on the planning and zoning we are appointing Lisa can't for to replace Kelsey V Tech Item five is adopting a resolution releasing 22.2 acres located on rocking M Lane owned by Alan and Lindy Guston and Known as Belk had property ID 194 685 from Belkhead, ETJ. Item six is consider resolution or to adopt a resolution, releasing five acres located along Williams Road, owned by Soleto ISD, and known as a portion of Belkhead Property ID509611. Item seven is a resolution amending a resolution number 2024-25R related to the submission of the Texas Community Development Block Grant program application to the Texas Department of Agriculture for Drain Admin's in the area of West Avenue I and South Mitchell Street and then finally item 8 is authorizing the City Manager to enter into a professional services agreement with Casper Patrick and associates for design and bid phase services for the design of water line relocations required for phase two of the loop 121 widening project. I move we approve out of three through eight is presented second we have a motion a second to approve items three through eight any comments before we vote All right all in favor let it be known by saying aye aye All those opposed All right it passes Six to one six to zero sorry I was doing subtraction in my head and that one was a remainder kind of floating around. What do I do with that? Oh, good. Yeah. I knew what a remainder was though. All right. Planning and zoning. Item 9 is to hold a public hearing and consider a zoning change from commercial highway to plan development. And this item is going to be postponed indefinitely. So do we need to take action to do so? Move, postpone item nine indefinitely. Second. So we have a motion or second to postpone item nine in any other comments or questions. All those in favor? Let it be known by saying aye. Aye. Those are the points. Aye. All right. Sorry, Stephanie. I'm fast on this thing. So I'll slow down a little bit. Yeah, so I find that. I think there's a delay. From our Baylor math whiz, that would be 6-0. It's a college football, obviously. So item 10 is hold a public hearing and consider a zoning change from commercial highway to retail on approximately 0.38 acres located at 921 South Main Street north of Interstate 14 and west of Interstate 35. Ms. Tina. Thank you, Mr. Mayor. Happy Thanksgiving, everyone. Good Thanksgiving. All right, for this application, the applicant intends to build a small office for a real estate sorry business and she plans to excuse me. She plans to advertise this property is available for future development. Again this is a location of that property it It is right off of SoftMain. It is just west of 35 and north of Interstate 14. As you can see, this property is currently undeveloped. This property has water and sewer from Belton. It is part of the Imagine Belton SoftMain Street area. The Intinate Use is consistent with that desire use in a imagined belt and plan. Uses allowed in retail's bakery, barbershop, office type of developments are usually permitted in that area. So what's being requested is a permitted use in a retail district. The future lane use map identified this area is a mixed use corridor, so the proposed real estate office also fits in. The planning and zoning commission heard this item at their meeting on the last week on the 19th and they unanimously recommended approval of this item. With that, all of the standards must conform to the retail district and a civil site plan and building construction plans are required for approval of any development on this lot. I'll be happy to answer any questions that you guys have and I don't see the applicant in the audience. All right. We will give others some opportunity to talk. We will open the floor for public comments on this item. If anybody wishes to speak in favor or against this item, let us know. There being no public comments. We will close the public hearing and reconvene. And do you guys have any comments or questions or chair would entertain a motion? Move, we approve item number 11 is presented. Second or 10? Oh, I'm sorry, 10. Yep. No. I'll second the ten. All right, we have a motion and a second to approve item 10 as presented any other comments or questions? All in favor let it be known by saying aye. Aye. Aye. Those opposed again six zero. Thank you team item. Hold a public hearing and consider a zoning change from agricultural and light industrial to plan development light industrial. On Proximates 56 acres located at 815 Elm Grove Spur at the southeast corner of Elm Grove Spur in capital way. Thank you, Mr. Mayor. The site is intended for a warehouse distribution center, and that includes all the associated uses that's currently permitted in the L.I. district, including an outdoor storage, electrical charging station, et cetera. The applicant requested a consideration for building height with this application is currently zone L.I. This plan development will allow for a taller building than the 35 feet that's currently allowed in the light industrial development. As part of this, there is 4.3 acres of this property that's currently ag and this is also requested zone that as a plan development light industry as well. So here is a map shown the location. It is south of emgro's fur and just on the east side of capital wave the blue area is the part that's already zone LI. The green area towards the bottom of that is the 4.3 acres that's agricultural. With that we're going to subdued this into two tracks in the future. The future subdivision platform will work about the drainage and the street improvement is necessary to get the site developed. The track A, that property is owned by beard and investment and they plan to develop this side as an office or industrial facility. They are requesting a building hide the 40 feet for this area because this part is adjacent to residential uses, fence and landscape screening are required for this portion. Track B is where the applicant will be developing their warehouse distribution center. They are requesting a 50-foot building height to accommodate their facility. It will be constructed of concrete panels with a paint at finish, because this is not adjacent to residential development. They are requested in landscaping for adjacent screening requirement. The future land use map, it shows us as residential. One of the condition is that we consider this for industrial to match what they're currently proposing. Notices were sent out to property owners within 200 feet of the property. We have one letter of support and one letter of in opposition due to drainage and traffic concerns with the development. The planning and zoning commission heard this at their last meeting and they recommended approval of the requested zoning change. Without the development, she can conform to the light industrial standards. A permitted building height of 40 feet is allowed on track A. A permitted building height, the 50 is allowed on track B. Amendment to the comprehensive plan. Of course, you guys know this, that we're in a process of doing a flume update. That will be coming to you guys in early next year and that will be reflected on the change will be reflected on the updated map. A final subdivision plant is required. Civil plans and construction, building construction plans are also required for development. Acceptable building materials include everything that's in our design standard along with the concrete textured panels that they're proposing. I'll be happy to answer any questions that you guys have. And I believe there's a couple of representatives in the audience. Should you have any questions for the applicant? Okay. Here's the opportunity. So we will close the council deliberations, open the floor for public comments for or against this item. Anyone wishes to speak? They do so. Cynthia. Name and address for the record. Cynthia Hernandez, Bell Syn economic development corporation and we're at 412 East Central Avenue. And we are speaking, I'm speaking in support of this project. We led the rezoning effort on the 51 acre track to light industrial. And we've been working with the property owners and the prospects for this site. And so we're just in support of the project. We think there'll be some great opportunities in the future. And the adjacent, that area is light industrial. And we believe it's the highest and best use. So thanks. Thank you. All right there being no other comments so I'll close the floor and reconvene the council. Any comments questions or chair would entertain a motion? I'll make a motion to approve the item is presented. Second, we have a motion and a second to approve the item. All right, comments. I was just going to say I do like the idea that the height is stair step from 40 to 50 and not 50 all the way across. I think that will be help those across the street. Yeah, so very much in favor of the project. Thank you. And follow up question. You mentioned concrete panels on the 50 foot height. Is that also meant for the 40 foot or do we don't know what? We don't know yet on the 40 foot. I'm guessing it's going to be similar to what they proposed on wheat road, which is a similar type of development. Understood. Yep. Okay. Tilt wall is I guess. Tilt wall is. Okay. All right. Any other questions or comments? All right. All in favor of this item? Say aye. Aye. Aye. Aye. All those opposed? Again, passes 6-0. Item 12. Hold a public hearing and consider a zoning change from retail to retail with a S.U.P. for a car wash on approximately 2.34 acres located at 100 North Loop 121 at the Northeast intersection of North Loop 121 and FM 93 Ms. Tina. All right. Thanks again. This is an application for a car wash at the intersection of loop 121 and FM 93 The conceptual site plan shows a This is an application for a car wash at the intersection of Luke 121 and FM 93. The conceptual site plan shows approximately 5,000 square foot facility with adequate circulation and screening provision. Hours of operation that they're proposing is from 7 a.m. to 8 p.m. Here is a site location. This is area zone retail. The adjacent sites are mostly retail, suffered to the the north, which is a multi-family zoning district. Look at the property. As you can see, this is the staging area for the text.ro construction. I'm going to skip on. It is cornering built. I'm going to skip on to look at the site plan application. So for the site plan plan there are three access proposed Most of this is already used and use and they provide access to adjacent properties. So there's one off of oops There's one off of Luke 121 and two off of FM 93 Here is a location of where that car wash facility is. There are three drive lanes to get in there which narrow is down to one. There are 19 vacuum spaces closer to the FM 93 area. And then there are three additional parking spaces for employees and one ADA parking space closer to the front. Landscaping is provided along the perimeter of the roadway and also around the building. Here is a elevation that shows the signage that they're also proposing. There are four signs that in total, there are 288 square feet. It's a little bigger than what we allow in our current sign code, but as you can see, they have multiple size and it looks appropriate for the type of development. They also proposed one free standing monument sign that is 25 square feet and four feet tall, which meets our current requirements as well. In S.U.P., we look at how appropriate is the use, how compatible it is with this surrounding use. The site plan that was provided minimizes impact to the closest residential neighbors by placing the back and cleaners closer to FM93. It seems appropriate because of the proposed hours. Our noise ordinance kick in at 9 p.m. There are close by 8 p.m. So meet our requirements for noise. The location, this is two major intersections, seems suitable for this type of use. Medication of impact, again, the hours meet our requirements. It seems appropriate. The future land use map identified this area as a commercial center notices for sent out to property owners within two hundred feet we receive two letters of support for the project. The planning and zoning commission voted to recommend approval of this zoning change. Vellment must be must comply to all the retail zoning district. On Maddox Carwash is allowed site plans building plans are required, and signage totally 288 square feet is allowed. I'll be happy to answer any questions that you have, and also the applicants representative. Bill Gabler is here, should you have any questions for him? All right, well, we will allow the public to have comments, so we will open the floor for public hearing. If anyone wishes to speak in favor against this item, now's the time to do so. All right. We will close the floor and reconvene the council. Do you guys have questions or comments? I do. So the lighter, what looks to be the lighter colored road around, I mean, that's all part of development. One of its kind of on the property that it looks like and the rest is on there properties that all shared access for future development or. It is shared access for future development. And as a state development, there's multi-family housing on the north, that access will provide connection for them as well. And then when the site gets developed in the future, they will also have access off of the existing driveways that's there. Got it. My second question relates to the, it looks like there's one cut out for the duplex. I'm assuming this is gonna be the duplex driveway as well now. Correct. And then there's one cut out. Is that sufficient? I don't know exactly what a property line is, but I know those duplexes are pretty spread out. I wasn't sure if there was enough. See, there's like that one cut out. Correct. That's enough to get to the other one. Yeah, it's currently just one. One. just one. And then my last question was the three parking spaces. I know the one on Lake Road, I think they had to build an additional parking on the back because they had too many employee parking. So I just wonder like at this point or this three all that we can ask for, is that like have we thought about that or because I know they added more parking for employees. So I'm not sure. I, this is what they thought was adequate for the site. But again, there might be another future permit in the kind of like how they did Lake Road. Realiza wasn't working for them. And then add from some more parking if needed. There is space available. You can see where the big detention base is. There's also, they can probably cut into that to add some additional spaces if needed. I agree I think more parking is going to be needed but also that's an issue for the final flat more so than the zone. I was forget that when we get presented all these nice pictures it's not. I think that will be necessary then. Yeah, I agree. I think more parking them probably need to do a little study and we might need to encourage them and at least interview the current people and say, why did we, why did you increase and how many do you think is good? So once they've done that, it's not all the time, but there's always cars in it. So the question I had is on the detention pond. So it's showing on the north of that. Is that a bowl? I guess the road is basically, all the road paved area is going to be above grade, and the area in there is below grade. And then I'm assuming that that's a drainage. The dotted line is that drainage to go out there? They plan to drain it to the Nolen Creek. So there's a utility that they're working on to be able to drain it out of there to the creek. Okay. And so that's in which lines up somewhat with the sewer line is that water line sewer line I that these are preliminary I know correct the water line sewer line will be coming in from the back. I believe this is where it is and it will be extended on to. Okay property. I'm for the project but just curious do we monitor the noise levels at all. I know the the blowers and fans get pretty loud at times we recently had a question about that I found out the police department does have a decibel reader if they needed to go out to look at that but I hope we know that it is a head of time and don't have to have a tone down or something but I mean we can hear those fans pretty far off and they can't get pretty loud and with the multi-familian next to it that may be a little bit of concern. We certainly have that capability to monitor 85 decibel level as the limit I believe. Yes sir we were just looking at it's gonna be 85 decibels were during the day and 85 decibels are pretty loud so perfect Yeah, the the way that they've oriented we've got some property near the current Carwash and the biggest noise is the air dryer for the The cars as they exit and that's facing east, which currently is nobody. It's just so whatever that is is going to hear those blowers because that's that's where everything else is pointed away from where people are living and I appreciate that the vacuums are the opposite side and full disclosure, I've got the duplexes right next to it. So I do have a vested interest. It's ironic that I live next door to car washing and I'm going to have to go around the whole city of Belton just to get to it because of the way they've designed Luke 121. So all right any other comments or questions? Move to approve item 12. Second. Motion a second to approve item 12. Let's present it. Second. Motion a second to prove item 12 any other comments before we vote all in favor say aye All those posed Right passes again six zero All right, let me 13 Consider author or yeah consider authorizing the purchase of an aerial Apparatus I think like drones when I hear aerial apparatus area Apparatus and associated equipment for the fire department from Sidden's Martin and I'm seeing that right Sidden's Martin emergency group through the HGAC purchasing cooperative All right, brother John All right, first I've got to start off by pointing out that our PowerPoint is blue Because the last PowerPoint that PD did was red so this is kind of a payback for that's good So I'm sure that you guys are familiar with and have seen our current quint two which is a 2004 It's 20 years old, it's a Spartan 75 foot aerial, 1250 GPM gallons per minute, it's got some miles and some hours on it, it has served the city very well over the last 20 years. But the life of the expected life of an aerial apparatus, or a ladder truck, is that better? Yes. The ladder truck is about 20 years in front line service, which it has done in about five years of reserve status, is what's expected. Now, aerial apparatus is what we used to be able to get done in about 18 months Build time has now shot out to 38 to 45 months Build time so they're quite Almost four years before we can get a new truck. That's kind of why we're here today is we know that that truck hits is 25 years Pretty soon So we want to get this purchased now. So we'll have it by the time that truck is at a service. Quint 2 is showing signs of wear and tear. But nothing that isn't expected on a 20-year old truck. Imagine your car being 20 years old. You're going to see some wear and tear. Parts are starting to get hard to find. So what we've done is we've reduced the in-service time of our current Q2. It's more, it's acting more like a reserve truck except for orange structure fires or calls that typically take a large ladder. Our guys will jump into that truck. All the other calls and medical calls and the car fires and things like that, they will take an engine to help kind of reserve that life expectancy that's left. The proposed truck that we're looking to do, it's a Pierce, it's called a Puck, which is a Pierce ultimate configuration is what Puck stands for. It truly means pump under cab. It's a design that allows us to get some more compartment space, utilize that space a little bit more efficiently, but still keep the truck at a minimal size. So we are upping our capabilities with this truck. It's 107 foot versus a 75 foot Later on top the GPUs are going up It's got rescue compartments. That means they're a little bit deeper. We can hold more equipment in it the motor that in it is in it is a is a pack car motor 510 horsepower very efficient very good motor, and the price of it is $1,676,966.74 sets, and then we're expected about a $10,000 radio and insulation once we get the truck. And I turn it now over to all the fun conversations for my. Let the good time roll. So the obvious question is how do we pay for this? I asked John that question. When he brought this $1.6 million dollar fire engine. You're the fire engine. Exactly. That's exactly what I got back. So as you're aware, we have been, we have an equipment replacement fund for the fire department. And we annually contribute towards future replacement of these vehicles. the challenge with funding a replacement for an item this large is when if you have to do that early earlier than you had planned and in this case now the build time is four years our schedules were planning on actually going out to 2029. We're going to replace it exactly when we thought we would replace it. It's just I have to order it four years in advance and we haven't set enough funding aside to do that. Our city charter requires us to have funding, all the funding available before we do any order of any kind. And that's a charter requirement and it's quite frankly good financial management. So in the Equipment Replacement Fund, there is $621,000 of cash at the end of fiscal year 24. So September 30 of 2024. That's all funds in that, I mean, that's all cash in that fund, not just dedicated to this vehicle. That's all cash. So for in 2025, we plan on contributing $545,000 from the General Fund into this fund. So that gives me about $1.1 million of cash to pay for a ladder truck that's $1.6 million. So I'm significantly short. Quick question on the 5.45. Is that 5.45 all capital replacement? Or is that just for the ladder truck to be- That's all funding. That's all funding including the big chunk of that that's ladder truck. Absolutely. So that's the thing, that's exactly right. That 1.1 million is all cash in the fund. So what do we do with that deficit? We have assigned fund balance in the general fund of $872,000. That money came from the former Civil Service Fund, which we created some years ago. In 2022, I believe it was, I moved that money into the general fund and then put a fence around it called a signed fund balance that's there for civil service type purposes. In fact, we could kind of, we could do it for anything. The great house trust, is that, no, no, that's separate. This was separate. Okay, okay, Okay. Yeah. Okay. So we're fortunate enough because we have that money we could we can cash fund this To that well before the end of the year. I can write a check. We can add that That money transfer that money into the fire Department equipment replacement fund and cash fund this entire purchase of you know $1.6 million. So I'm happy to do that. I've counsel desires to do that. There is an alternative however and that's bond funding either that deficit that we have or in fact you could you could bond fund this entire purchase. We are going to the bond market in February to issue bonds for the wastewater treatment plant certificates of obligation for the wastewater treatment plan along with other utility projects. What we could do if you wanted to is add this fire engine to that certificate of obligation. I would structure that bond as a short term, like a 10-year term for this ladder truck, not a 20-year term like we would do for the wastewater plant. So that shorter term when we asked our financial advisor kind of like what sort of interest rate might we expect for a 10 year CO? And their current expectation is like 3.3%. That's going to change daily, you know, but we're getting fairly close to the time that we'll go to market. So I think that's going to be a rather good interest rate for us. Just FYI, it's like 3.9 for 20 years. So we could stay below four for that entire certificate. So that's an alternative. If you'd like to discuss that, I'd be happy to do that. I just wanted to throw that out. Again, more than happy to cash fund this in total. Debt service payments, if you decided to finance the entire 1.7 million, just to give you an idea, debt service payments, annual debt service payments are like $198,000 a year, so less than $200,000 per year for debt service. Total interest costs for the 1.7 would be around $300,000, $320,000. That's more cost for the 1.7 would be around $300,000, $320,000. That's more cost for the fire engine, obviously, at their interest cost there. But the equivalent set aside for the next four years that we're planning on doing is also right around that $200,000 mark, $220,000. So what I would propose, if you wanted to bond fund the entire transaction, I would take that $200,000 that we planned on setting aside for the next four years. And instead of directing that money to the equipment replacement fund, I would put that $200,000 into the debt service fund. And actually, there would be no property tax effect for that 1.7 million. Because I'm already covering it with general fund dollars, whether it's going into an equipment replacement fund or going into the debt service fund. It's about the same amount of money. So we could go a long ways towards doing that if you wanted to. What that would do if you bond funded that entire purchase, I'm not wiping out the entire cash balance of the Equipment Replacement Fund, which I would be doing if I cash fund it. We would keep that $872,000 of assigned general fund reserves. We could use that and I'm just making this up. I don't know what the use might be in the future, but if we ended up needing to increase salaries for public safety, remember we had when last comp study we were behind and we had to have a large increase there. We could, you know, over time, I mean there are other things that we could use that far. But those are certainly options. I'm not saying one's more preferred than the other. But I'd be happy to answer any questions. Um, from council. Two quick questions. Um, one is what's the contractual requirement on down payment versus full payment? So we get the 1.6 million dollar price that you see tonight, um, is what they call a prepayment, um, amount, um, as opposed to waiting four years to pay that, it's like 1.9 or something if you wait four years to do it. So you gain some savings there, if you will, by doing a prepayment. I don't know if I would necessarily write it, check before December 31st or wait until we did the bond issuance, we could do a reimbursement resolution and the bond would pay us back whatever we prepaid. It does that sort of answer the question? Yeah, it sort of does. Yeah, just trying to figure out what the cost of coming up with the cash now versus pay. It does that price, gear? Hold until February? Yes. The other one is if you do a bond and let's say at some point, we, no, rainy day, we actually got a little extra cash, and we decided, hey, we're going to pay this thing off early. Are these bonds that you've talked to, or those, what do you call them? Collable? Collable. Yeah. I would work with our financial advisor to put in a short of calls we can. This particular term would only be a 10-year term for this particular piece of equipment anyway. And generally those first call provisions are around year eight or nine, but we might negotiate something shorter, especially if it's you're just talking about this piece of equipment. There may be some shorter call that we can put in there. I would have to talk about that. There is certainly some benefit to that and I'm a big fan of early calls Mike I sure like that we don't have a minimal issuance cost we've taken along with our other Issues that we have the rate seems pretty attractive The existing fire truck is a 25 year item for us. It was also done with the bond issuance if I'm correct That's correct, you know, 20 plus years ago. And so I think rates are actually working on our favor. We're currently earning five. Correct. On our cash, we've set funds off side. A hundred and ninety thousand a year with the early pay off option. I think it's pretty attractive. It's pretty sensible. I'd like to make one comment that we talked to the bond council today about that and I'm concerned about the approach I mentioned. The bond issue in 2002 for the current aerial out of truck and the fire station and rehab of central was a cost of about 1.9 altogether. But the legislature has gotten increasingly restrictive on what a city can issue debt for without voter approval. In that case, in 2002, that was a voter approved geo bond. But public safety equipment is an exception. And so we can include that in the bond issue that we're doing already without the improvement necessary. And so the one such that you recognize is the importance of public safety equipment. So that's an opportunity for us as well. The cost of the bond and interest compared to the cost of just writing them a check for years from now, it's the seems comparable. Comparable. Right. Except that interest is for all 10 years and the decrease is only for the four years. Correct. Yeah, and it would be. We would be. Yeah. That's correct. Another just general question is being the new guy up here. If I go Bob, a new pickup tomorrow and run a check for it and then decide later, you know, I'm not going to part with all that cash. I can just go get a note on the pickup next week after I've paid cash for it. Is that how this works? Can we go we write a check for the truck and then say, yeah, you know, I don't know. Maybe we want to keep some of that cash and go reimburse ourselves with a bond later or is it never different? It's so the way it works is through a mechanism called a reimbursement resolution. And so what that reimbursement allows you resolution allows you to do is reimburse yourself for costs that are incurred 60 days prior to signing that reimbursement resolution. In other words, you're saying, okay, well let's just take this for example. I could, to secure the lowest possible price, I could take all of this cash that we're talking about here now, and actually write a check at the end of the month, end of December, for $1.6 million. And then, you know, we're good. We do a reimbursement resolution in January. Council's going to see the beginning of this debt issuance at its meeting in January. We include without a reimbursement resolution. And then when we issue bonds in February, I get the entire $1.6 million if you wanted to do the whole thing. I get, because now that bond money is coming in, right? And then I'm going to refill the coffers of all of this cash with bond money, and then we pay it off in 10 years. But you got 60 days to do it now. Correct. That's the only time that you're days to do it now. Correct. That's the only time that you're allowed to do that. That's a good question. And you need to check with bond council on that, whether or not that financing could be for purchase money or for basically a loan back. And I'm not sure what the answer to that is. But the exceptions to what the legislature done are very limited. So you want to make sure you knew you could do that before you thought about doing that. And it may just be limited to purchase money. I mean, we're in a more interesting way to be paying on it. So I mean, John Beston a more interesting way to be paying on it. So, I mean, John Bestfine, throw a number out. How long do you think we'd earn more than 3.3? Oh, I think the forecast, our forecast is for, I think it's a little excessive for the Fed to cut the rates by a point of half in 2025. I think that more realistically is a point. So we could see the rate come down a little bit between now and issuance So get a little closer to three, but I think we may continue to iron for Very realistically three after four percent on our cash But I also think it's a it's a long-term asset a long life asset I think about this not Not as long as the water tower, but a very similar situation where we will able to keep our cash and finance that water tower for 2% or something like that. We killed it there. So I just think it's a good opportunity for us to, and to us for us to continue to increase the equipment replacement fund and not depleted And at $198,000 a year, you know, I'm gonna kill us Yeah, I went up early pay off. I'm a I'm in favor of the bond option. I mean just Just the rate itself and then I hate going to quote cash broke and Especially on something that we can't touch for four to five years and if something else drastic happens in that meantime, you actually have a long-term asset coming to satisfy a bond versus something you'd have to spend fixed now that you can't bond out. And just to clarify, you're talking about an entire cost, not just the deficit? Yeah, I mean, what's the deficit number again? The true deficit is about 600,570 or whatever that math comes out to be. No, I mean with what we still have still sitting in, quote, the bank in your annual 5%. Correct. I mean, as much as I hate paying for something I can't touch in full, the bond makes me feel a little better about that. I'd like to go ahead and make a motion to approve the purchase of the aerial apparatus with the possibility of exploring bond option or bondage with the literally. Second. We have a motion and a second to offer as the purchase of the aerial apparatus. We'll discuss the funding and financing of that later. Any other comments or questions before we go? All right, all in favor say aye. Aye. Those opposed? All right. It passes 6-0. All right. So that's all we have. Can't wait to see that truck. Say that there TML. Can we drive that one back. All right, well, happy Thanksgiving to everyone. Good luck to the Aggies and the Long Horns. Only one is going to be victorious. And so somebody is going to be happy. And somebody is not. So here's the bragging rights. So again, thank you guys for being here. Our executive session that we will be having will not have any action effort. So we will end the episode.