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HomeMy WebLinkAboutSeptember 6, 2022 Council Minutes COMMON COUNCIL OF THE CITY JEFFERSONVILLE, INDIANA September 6,2022 Regular Meeting Minutes The Common Council of the City ofJeffersonville, Indiana met for the Regular Meeting on September 6, 2022. Council President Owen along with City Clerk Gill called the meeting to order at 7:00 p.m.The meeting was open to the public in person as well as live streamed via the City Website using Zoom. INVOCATION: Councilperson Ellis led the Invocation. Pledge of Allegiance: ROLL CALL: The roll call was conducted by City Clerk Lisa Gill and present in Council Chambers were Councilperson Burns,Council Vice President Maples, Councilperson Croft,Councilperson Webb, Council President Owen,Councilperson Hawkins,Councilperson Ellis. Let the record reflect that Councilperson White and Councilperson Paris were absent from the meeting.7 Council Members were present in Council Chambers. APROVAL OF MINUTES: Council Vice President Maples made a motion to approve the Minutes of August 15,2022 of the Regular Meeting,seconded by Councilperson Burns; motion passed,7-0. • Council Vice President Maples made a motion to approve the Minutes of August 16, 2022 of the Special Meeting,seconded by Councilperson Burns; motion passed,7-0. APPROVAL OF THE AGENDA: Council Vice President Maples made a motion to approve the agenda, seconded by Councilperson Burns; motion passed,7-0. CLAIMS TO APPROVE: Civil City$2,264,593.33—Clerk Gill stated there were no changes. Council Vice President Maples made a motion to pass the Civil City Claims, seconded by Councilperson Burns; motion passed, 7-0. Parks$154,781.79—Clerk Gill stated there were no changes. Council Vice President Maples made a motion to approve the Parks Claims,seconded by Councilperson Burns; motion passed,7-0. REPORT OF THE CLERK: Nothing tonight UNFINISHED BUSINESS: 1. Larry Wallace 2022-OR-44 Flood Damage Ordinance Repealing 2014-OR-6 and 2018-OR-70 City Attorney Les Merkley stated there were no changes. Council Vice President Maples made a motion to pass on the Third and Final Reading,seconded by Councilperson Croft; motion passed, 7-0. 2. Kim Calabro 2022-OR-46 Revised Salary Ordinance and Pay Grids to reflect Change in Wastewater Staffing—Christine Geiser, HR Manager was present for Kim Calabro to discuss the changes.Waste water added a Billing Clerk in place of an Administrative Assistant, base pay for Utility Management Technician has gone from $21.00 an hour to$23.00 an hour as discussed at August 15, 2022 Council Meeting.There were no changes from the last meeting. Councilperson Hawkins made a motion to pass on the Third and Final Reading, seconded by Councilperson Webb; motion passed 6-1, Councilperson Ellis voted no. 3. Heather Metcalf 2022-OR-47 Ordinance of Additional Appropriation Clerk Gill stated there were no changes.Council President Owen opened the Public Hearing at 7:05 PM, Clerk Gill stated there were no comments sent to the Clerk's office.There were no members of the community present to speak for or against the matter. Council President Owen closed the Public Hearing. Councilperson Burns made a motion to pass on the Third and Final Reading,seconded by Councilperson Croft; motion passed, 7-0. 4. Heather Metcalf 2022-OR-48 Ordinance of Additional Appropriation— Clerk Gill stated there were no changes. Council President Owen opened the Public Hearing at 7:06 PM, Clerk Gill stated there were no comments sent to the Clerk's office.There were no members of the community present to speak for or against the matter. Council President Owen closed the Public Hearing. Councilperson Burns made a motion to pass on the Third and Final Reading,seconded by Councilperson Hawkins; motion passed,7-0. 5. Heather Metcalf 2022-OR-49 Ordinance of Additional Appropriation Clerk Gill stated there were no changes.Council President Owen opened the Public Hearing at 7:07 PM, Clerk Gill stated there were no comments sent to the Clerk's office.There were no members of the community present to speak for or against the matter.Council President Owen closed the Public Hearing. Councilperson Hawkins made a motion to pass on the Third and Final Reading, seconded by Councilperson Burns; motion passed,7-0. 6. Heather Metcalf 2022-OR-50 Ordinance of Additional Appropriation Clerk Gill stated there were no changes.Council President Owen opened the Public Hearing at 7:08 PM, Clerk Gill stated there were no comments sent to the Clerk's office. There were no members of the community present to speak for or against the matter.Council President Owen closed the Public Hearing. Councilperson Burns made a motion to pass on the Third and Final Reading, seconded by Councilperson Hawkins; motion passed,7-0. 7. Heather Metcalf 2022-OR-51 Ordinance of Transferring Certain Funds Within the Same Department- Clerk Gill stated there were no changes. Councilperson Hawkins made a motion to pass on the Third and Final Reading, seconded by Councilperson Croft; motion passed, 7-0. NEW BUSINESS 1. Emergency Management Director Gavin Hebner 2022-R-9 Clark County Multi-Hazard Mitigation Plan Mr. Hebner stated this is a Resolution to adopt the Clark County Multi-Hazard Plan. This has been under review for a year and a half for the County and City of Jeffersonville. This allows the County and City to be eligible for Multi-Hazard Funding from the Government. Council Vice President Maples made a motion to pass 2022-R-9, seconded by Councilperson Hawkins; motion passed,7-0. 2. Len Ashack 2022-OR-52 Amending and Restarting Ordinance Number 2022-OR-45 Mr.Ashack advised he sent out a packet earlier with the changes for this ordinance. This rewords the ordinance to show zero percent interest on the 2020B Bonds which will allow the City to recapture approximately five million dollars worth of interest payments to use towards the project. Michael Allen of Ice Miller prepared the ordinance(See Attached) and was present to answer any additional questions. Mr.Ashack advised this does not change the length of the loan or the amount of payment. Council President Owen stated this would not have been possible without the States involvement in wanting to see this plant. expansion. They have really come through in identifying ways to save so the City can save. money and put those savings towards the plant expansion. Councilperson Croft asked how long it will take to complete the expansion project and Mr.Ashack stated about 920 days start to finish.Councilperson Hawkins ask what the total cost would be, Mr.Ashack advised the total cost will be 43 million plus contingency and will add 3 million gallons capacity. Councilperson Burns made a motion to suspend the rules in anticipation of approving on three readings, seconded by Councilperson Webb; motion passed, 7-0. Councilperson Burns made a motion to approve the 2022-OR-52 on all Three Readings, seconded Councilperson Webb; motion passed,7-0. 3. Chad Reischel 2022-OR-53 Ordinance of Zoning Change Request for Property Located at 4405 Hamburg Pike. Koetter Five Star Properties is looking to rezone an 8.74 acre parcel that is north of Menard's in Jeffersonville to build a 264 unit apartment complex. This is zoned as industrial due to it being attached to a large warehouse storage yard, but is disconnected from that property because of the Lick Run. Koetter is currently working with Denton-Floyd, asking them to bring this property into Jeffersonville Town Center.This rezone comes with a favorable recommendation from the Plan Commission. Council President Owen opened the Public Hearing at 7:20 PM, Clerk Gill stated there were no comments sent to the Clerk's office.There were no members of the community present to speak for or against the matter. Council President Owen closed the Public Hearing. Councilperson Hawkins made a motion to pass 2022-OR-53,seconded by Councilperson Burns; motion passed,7-0. 4. Chad Reischel 2022-OR-54 Ordinance of Zoning Change Request for Property located at 303 Pearl Street R4(Single Family Residential Old-City to NA(Commercial Neighborhood) Cheryl Lynn Rhodea, Owner/Operator of Pearl Street Sweets is requesting this rezone to expand her business to add a small dining area and restroom. This rezone comes with a favorable recommendation from the Plan Commission. Council President Owen opened the Public Hearing at 7:21 PM,Clerk Gill stated there were no comments sent to the Clerk's office.There were no members of the community present to speak for or against the matter.Council President Owen closed the Public Hearing. Council Vice President Maples made a motion to pass,seconded by Councilperson Burns; motion passed,7-0. 5. Chad Reischel 2022-OR-55 Ordinance of Text Amendment to the UDO(Unified Development Ordinance)Revise Article 3,Article 8,and Appendix A Mr. Reischl stated that this is a minor amendment to the UDO that changes the language for proposed car washes to make it a special exception in the C2 district(See Attached). This comes with a favorable recommendation from the Plan Commission. Councilperson Webb asked if this would give them everything that is needed to address the issue and Mr. Reischl stated yes. Council President Owen opened the Public Hearing at 7:23 PM,Clerk Gill stated there were no comments sent to the Clerk's office. There were no members of the community present to speak for or against the matter. Council President Owen closed.the Public Hearing. City Attorney Les Merkley stated this is passed on one vote. Councilperson Hawkins made a motion to pass 2022-OR-55,seconded by Councilperson Burns; motion passed, 7-0. 6. Heather Metcalf 2022-OR-56 Ordinance of Additional Appropriation These funds are from ARPA and will be appropriated toward the North Wastewater Treatment Plant. Councilperson Burns made a motion to pass on the First and Second Reading, seconded by Councilperson Croft; motion passed,7-0. 7. Heather Metcalf 2022-OR-57 Ordinance of Additional Appropriation Paul Northam, Parks Director stated Duke Energy gave an estimate on the cost of Electric for the Ice Skating Rink in the amount of Ten to Fifteen Thousand Dollars. Mr. Northam requested the cost not to exceed $20,000.00. Councilperson Ellis asked if the UEZ had funded any of this cost, Mr. Northam advised they had not. Councilperson Hawkins made a motion to pass on the First and Second Reading, seconded by Councilperson Croft; motion passed 5-2 with Council President Owen and Councilperson Burns voting no. 8. Heather Metcalf 2022-OR-58 Ordinance of Transfer of Funds within the Same Department Michael O'Brien,Vehicle Maintenance Director requested funds be transferred from Other Supplies to Equipment in the amount of$14,901.43 due to fund the purchase of a new Tire Balancer. The difference between amount reported and amount requested is for the lift on the Tire Balancer. Council Vice President Maples made a motion to approve 2022-OR-58 for the amount requested of$14,901.43 on the First and Second Reading, seconded by Councilperson Hawkins; motion passed,7-0. ATTORNEY COMMENT: Zack Stewart—No Comment Les Merkley-No Comment DEPARTMENT HEADS: No Comments PUBLIC COMMENTS: None COUNCIL COMMENTS: • Councilperson White—Absent • Councilperson Burns—Councilperson Burns stated he received an email from a constituent who thinks the ordinance regulating and maintaining existing properties needs to be reviewed. He will forward this to all Council Members to review and get their input. • Councilperson Paris—Absent • Council Vice President Maples—No Comment • Councilperson Croft—No Comment • Councilperson Webb—No Comment • Councilperson Hawkins---No Comment • Councilperson Ellis—No Comment • Council President Owen—Council President Owen thanked the Chief for being here and stated he received and forwarded to each Council Member the annual report from the UEZ for the year ending July 2022. (See Attached) ADJOURNMENT: Councilperson Burns made the motion to ADJOURN the meeting at 7:38 p.m. APROVED , President ATTEST: Lisa Gill,Clerk AMENDED AND RESTATED ORDINANCE NO. 2022-OR-,y'; An Amended and Restated Ordinance of the City of Jeffersonville authorizing the restructuring and reissuance of its Sewage Works Revenue Bonds of 2020, Series B, the issuance of sewage works revenue bonds for the purpose of providing funds to pay the cost of certain additions, extensions and improvements to the municipal sewage works of said City, providing for the safeguarding of the interests of the owners of said bonds, other matters connected therewith, including the issuance of notes in anticipation of bonds, and repealing ordinances inconsistent herewith WHEREAS, the Common Council ("Common Council') of the City of Jeffersonville, Indiana ("City"), adopted Ordinance No. 2022-OR-45 on August 15, 2022 ("Original Ordinance"), which Original Ordinance approved the issuance of sewage works revenue bonds and bond anticipation notes, in one or more series; and WHEREAS, the Common Council now seeks to amend and restate the Original Ordinance in its entirety authorize the Interest Rate Adjustment on the 2020B Bonds (each as defined herein);and the reissuance of the 2020B Bonds avia the issuance of the Replacement 2020B Bonds (as defined herein); and WHEREAS, the Interest Rate Adjustment on the 2020B Bonds will generate an additional $5,000,000 cligiblein savings that will he otherwise used by the City to finance a portion of the costs of the Project; NOW, THEREFORE, the Original Ordinance is hereby amended and restated to provide in its entirety hereafter as follows, namely: WHEREAS, the City has heretofore established, constructed and financed a municipal sewage works and now owns and operates the sewage works pursuant to IC 36-9-23, and other applicable laws, including without limitation IC 5-1-5, each as in effect on the date of delivery of the bonds issued pursuant to the terms of this Ordinance (collectively, the"Act"); and 4880-8280-5039.2 annually over a period ending January 1, 2042; and (ix) Sewage Works Refunding Revenue Bonds of 2021 ("2021 Bonds"), now outstanding in the aggregate principal amount of $14,790,000, and maturing annually over a period ending January 1, 2032; which 2011B Bonds, 2011C Bonds, 2012 Bonds, 2013 Bonds, 2017A Bonds, 2020A Bonds, 2020 Refunding Bonds, 2020B Bonds and 2021 Bonds (hereinafter, collectively, "Outstanding Bonds"), constitute a first charge upon the Net Revenues (as hereinafter defined) of the sewage works; and WHEREAS, other than the Outstanding Bonds, the City has no outstanding bonds payable from the Net Revenues of the sewage works, and WHEREAS, the 2020B Bonds were sold through the IFA Program (as defined below) with the Authority(as defined below) as the registered owner of the 2020B Bonds; and WHEREAS, in connection with the issuance of the Bonds authorized hereunder,ofif sold to the Authority as part of its IFA Program, the City shall execute and exchange replacement 2020B Bonds ("Replacement 2020B Bonds") for the current outstanding 2020B Bonds, that modify the terms of the outstanding 2020B Bonds to reflect a reduction of the stated interest rate per annum from two percent (2%) to zero percent (0%)a new interest rate that will Reneratt %5,000,000 in savings on the overall debt service on the outstanding 2070R Bonds ("Interest Rate Adjustment"); and WHEREAS,the ordinances authorizing the issuance of the Outstanding Bonds permit the issuance of additional bonds ranking on a parity with the Outstanding Bonds provided that certain conditions can be met, and the City finds that the finances of said sewage works will enable the City to meet the conditions for the issuance of additional parity bonds and that, accordingly,the revenue bonds authorized herein and to be issued pursuant to this ordinance will -4- 4880-8280-5039 constitute a first charge against the Net Revenues of the sewage works, on a parity with the Outstanding Bonds (as modified by the Replacement 2020B Bonds), and are to be issued subject to the provisions of the Act, and the terms and restrictions of this ordinance; and WHEREAS, the City desires to authorize the issuance of BANs hereunder, if necessary, in one or more series, payable from the proceeds of the sewage works revenue bonds issued to finance the aforementioned costs of the Project and to authorize the refunding of the BANs, if issued; and WHEREAS, the City may enter into a Financial Assistance Agreement, Funding Agreement and/or Financial Aid Agreement (collectively, the "Financial Assistance Agreement') with the Indiana Finance Authority ("Authority") as part of its wastewater loan program, supplemental drinking water and wastewater assistance program, water infrastructure assistance program and/or water infrastructure grant program established and existing pursuant to IC 5-1.2 1 through IC 5-1.2-4, IC 5-1.2-10, IC 5-1.2-11, IC 5-1.2-14 and/or IC 5-1.2-14.5 (collectively, the "IFA Program"), pertaining to the Project, the financing of the Project and the hcrcinaftcrherein defined Interest Rate Adjustment, if the bonds are sold to the IFA Program; and WHEREAS, the City understands that for the Project to be permitted to be financed under the IFA Program, the City must (a) agree to own, operate and maintain the sewage works and the Project for their useful life and (b) represent and warrant to the Authority that the City has no intent to sell,transfer or lease the sewage works or the Project for their useful life; and WHEREAS, the City may accept other forms of financial assistance, as and if available, from the IFA Program; and -5 - 4880-8280-5039 first July 1 after the date of issuance of the BANs as determined by the Clerk, with the advice of the City's municipal advisor, and upon maturity or redemption. The $50,000,000 par amount of bond par allowance included $4,585,000 of allowances for increased costs. The City's current funding plan for the estimated $45,415,000 of project costs is anticipated to be funded with an expected contribution from the River Ridge Development Authority, in the amount of$12,000,000; an expected contribution of ARPA funds of the City, in the amount of$5,430,000 and an expected contribution of ARPA funds of Clark County, Indiana, in the amount of$1,500,000 and an cxpcctcd grant from the Authority in the may be available to apply to the costs of the Project. A READI grant, in the amount of $5,000,000 is also anticipated but it may not be fully available until after the funding is required to let the construction bids. The City plans to contribute $8,000,000 of capacity fee funds and issue a $13,485,000 BAN to fund the balance of the Project. To the extent necessary, the City plans to use any other legally available funds of the City to fund costs of the Project. The BANs shall be issued pursuant to IC 5-1.5-8-6.1 if sold to the Indiana Bond Bank, pursuant to IC5-1.2-1 through IC 5-1.2-4 and IC 5-1.2-10, IC 5-1.2-11 and/or IC 5-1.2-14 if sold to the Authority, or pursuant to IC 5-1-14-5 if sold to a financial institution or any other purchaser. The principal of and interest on the BANs shall be payable from the issuance of revenue bonds pursuant to and in the manner prescribed by the Act. Interest on the BANs may also be payable from capitalized interest and Net Revenues of the sewage works, provided, however,-any pledge of Net Revenues will be junior and subordinate to the payment of the Outstanding Bonds, the bonds issued under this ordinance and any bonds issued in the future -9- 4880-8280-5039 EXHIBIT B FORMFORMS OF FINANCIAL ASSISTANCE AGREEMENT 4880-8280-5039 JUEA 7/1/2021-6/30/2022 UEZ like many groups had a slow year due to Covid,but continued with supporting the following events/groups 1. UEZ College Scholarship Program paid$5,000 each for two student in the zone 2. Continue to Lease the parking lot at Chestnut and Spring for visitors to the business district$ 18,000 3. Funded Jeffersonville Main Street to help with expenses of Farm to Table event,Wine Walk,weekly Farmers Market,Cookie Stroll and many of the other JMS events$48,500. Additional request for Spring Street summer music$3,500. 4. Continue to offer Neighborhood Associations in the Zone assistance as requested up to$4,000 per year,which many use to help with expenses for National Night Out as well as other projects 5. Annual support Clark County YMCA scholarships to those living in the Zone$5,000 6. Maple Community Development(old Maple Elementary School building) a. HVAC Enervise LLC-$32,424 b. Jeffersonville Wastewater Dept-$1,249 c. Duke$15,000 d. CenterPoint Energy-$1,078 e. Indiana American Water-$393 f..Sequium asset Solutions-$196 g.AT&T-$494 7. Two residential homes-matching grants up to$10,000 - a. $9,500 vinyl siding b. $10,000 roof 8. Financially supported the Trees Walk new trees-$2,200 9. Hoopsters-matching grant remodel project-$4,250 Jeff UEA Owner Address GAV Fee Mixed Use Arc-Spring Street LLC 103 E Market Street $ 2,029,200.00 21,278 Commercial 705 4th Ave South Holding Company LLC 903 Spring St $ 950,000.00 4,674 Mixed Use Aristocrat Commerical Developers 251-253 Spring—Street $ 316,700.00 3,246 Mixed Use Aristocrat Commerical Developers 246 Spring Street $ 286,500.00 3,193 Mixed Use Aristocrat Downtown LLC 527-531 Spring Street $ . 196,300.00 1,937 Commercial Cascade Hotels LLC 703 North Shore Drive $ 3,918,900.00 43,362 Commercial Jeff Hotel Partners LLC 301 Maple Street,West $ 6,503,400.00 79,480 Multifamily M Fine on Spring LP 835 Spring Street $ 1,428,200.00 13,346 Commercial Sioms Properties LLC 1316 Duncan Ave. $ 416,800.00 5,219 Commercial Spring Street Properties LLC 359 Spring St. $ 321,900.00 4,403_ Mixed Use Sweet Properties LLC 345 Spring St. $ 468,100.00 3,917 Commercial Truman Karl N 420 Wall St $ 395,400.00 5,560 Commercial Esto Properties LLC 900-930 Spring St. $ 900,000.00 12,266 Commercial (Westmoreland Real Estate LLC 1495 10th St. $ 556,300.00 5,569 18,687,700 207,451 Jeff UEA Owner Address GAV Fee Industrial LGeo.Pfaus Sons Company Inc j800 Wall St $ 4,307,730.00 53,047 Commercial Schimpff's Confectionary LLC 347 Spring St $ 84,110.00 944 Commercial Walgreens Co. 934-940 Spring&10th St $ 182,980.00 _- 442 4,574,820 54,433 Total 261,884 I do think it is important to note that Pay 23 will begin the 8th and 9th years for a few taxpayers, so it would be appropriate to expect some drop in revenues beyond Pay 24. Notably, Pfau is responsible for about $50k in annual fees from personal property, and Pay 23 (according to the auditor's records) will be Year 9 of the deduction. JUEA Commitment Worksheet July 1,2022-June 30,2023 Date July 1-June 30 Payee Expense Type Approved Budget Carryovers July Expenses YTD Committed 1'Executive Director$1250/mo 'Staff I I 15,000.001 0.001 1,250.001 1,250.001 13,750.00 2 Secretary-O'Neil$125/meeting Staff 1,875.00 0.00 125.00 125.00 1,750.00 31Legal Counsel-Merkley$1,000/mo 'Staff I I 12,000.001 0.001 1,000.001 1,000.001 11,000.00 4 Utilities-Electric,Water,Drainage Utilities 1,200.00 0.00 98.98 98.98 1,101.02 5lQuickbooks (software I I 480.001 0.001 40.001 40.001 440.00 6 Office Supplies supplies 250.00 0.00 0.00 0.00 250.00 71Republic Bank/First Savings Bank 'bank fee I I 40.001 0.001 2.951 2.951 37.05 8 Travelers -Director&Officer Liability Insurance 2,900.00 0.00 0.00 0.00 2,900.00 91Auto-Owners-2 Parking Lot Liability 'Insurance ' ' 850.001 0.001 838.231 838.231 11.77 10 Rodefer Moss&Co-1099 Service 300,00 0.00 0.00 0.00 300,00 11IMCM-Tax Preparation(990's)or DML&O 'Service I I 2,800.001 0.001 0.001 0.001 2,800.00 12 Stemler winterization Eastern&Spring Service 220.00 0.00 0.00 0.00 220.00 131MCM-audit everyother year/odd years 'Service I I 9,000.001 0.001 0.001 0.001 9,000.00 14 Assn of Ind Enterprise Zone Dues 750.00 0.00 0.00 0.00 750.00 151IEDC 'Dues I I 175.001 0.001 0.001 0.001 175.00 16 UEZ Resident Scholarships Scholarships 20,000.00 0.00 0.00 0.00 20,000.00 17INo Moore Inc 'Lease 'Nov 2020 I 19,200.001 0.001 1,600.001 1,600.001 17,600.00 18 Claysburg Front Porch Projects Protects Feb 2017 50,000.00 0.00 0.00 0.00 50,000.00 191Jeff Main Str w/Dinner&Farm to Table 'Organization 'Sept 2020 1 131,000.001 7,822.001 0.001 0.001 138,822.00 20 Neighborhood Assn-Cherry Hill Organization 4,000.00 0.00 0.00 0.00 4,000.00 21INeighborhood Assn-Rose Hill (Organization 1 I 4,000.001 0.001 0.001 0.001 4,000.00 22 Neighborhood Assn-Terraces of Park Place Organization 4,000.00 0.00 0.00 0.00 4,000.00 231 Neighborhood Assn-Franklin Commons 'Organization 1 I 4,000.001 0.001 0.001 0.001 4,000.00 24 Neighborhood Assn-Port Fulton Organization 4,000.00 0.00 0.00 0.00 4,000.00 251 Neighborhood Assn-Claysburg 'Organization IJuly 2021 I 4,000.001 0.001 0.001 0.001 4,000.00 26 YMCA 5,000.00 0.00 0.00 0.00 5,000.00 27ICIaysburg Days I I I 5,000.001 0.001 0.001 0.001 5,000.00 28 29'Ice Skating I I I 25,000 001 0.001 5,000.00iehop 10,000.00 0.00 5,000.00 0.001 0.001 25,000 00 30 Wesley United Church 11,965.00 0.00 0.00 0.00 11,965.00 311Country Music Concert I I I 25,000.001 0.001 0.001 0.001 25,000.00 32 Fast Signs-Tree Walk signate 2,323.00 0.00 0.00 0.00 2,323.00 331Tree Walk Louisville Grows I I I 10,000.001 0.001 0.001 0.001 10,000.00 34 The Depot-sound system 20,000.00 0.00 0.00 0.00 20,000.00 35 Miscellaneous' 0.00 0.00 0.00 0.00 0.00 TOTAL $ 406,328.00 $ 7,822.00 $ 9,955.16 $ 9,955.16 $ 404,194.84 Balance 6/30/2022 - ___, Projected Income Republic Bank Checking Account Balance $ 20,054.38 2022 $ 260,000.00 First Savings Bank Checking Balance $ 166,667,38 2025 $ 210,000.00 _ First Savings Bank Money Market Balance $ 531,753.34 Un-Committed Balance $ 314,280.26 'Miscellaneous Expense