[1. CLAIMS]
          [00:00:17]
          >> I CALL THE SPECIAL COUNCIL MEETING TO ORDER, WEDNESDAY OCTOBER 30TH, 2024, 8:00 A.M. FIRST ON THE AGENDA, PAYROLL CLAIMS, AND GENERAL CLAIMS, $3,486,750.75. CAN I GET A 
          MOTION TO ACCEPT? >> SO MOVED. ALL RIGHT, DISCUSSION, DO WE WANT TO DO THE CONSENT VOTE? ALL RIGHT. WE 
          [2.a. Third Reading of Ordinance D-2744-24; An Ordinance of the Common Council of the City of Carmel, Indiana, Authorizing the Issuance of General Obligation Bonds for the Purpose of Providing Funds to Refinance Certain Capital Equipment Leases and Incidental Expenses in Connection Therewith and on Account of the Issuance and Sale of the 2024 Bonds and Appropriating the Proceeds Derived from the Sale of Such Bonds; Sponsor: Councilor Taylor. Held over for public hearing. Synopsis: This ordinance authorizes the issuance of general obligation bonds to the City, to be payable from ad valorem property taxes, for the purpose of refinancing certain outstanding capital equipment leases in order to provide interest cost savings to the City and paying costs of issuance of such bonds]
WILL JUST DO A CONSENT VOTE. ALL THOSE IN FAVOR? OPPOSED? OKAY, IT IS UNANIMOUS. MOVING ON TO PUBLIC HEARINGS, THIRD READING OF ORDINANCE CAPITAL DE-4744-204, AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR THE PURPOSE OF PROVIDING FUNDS TO REFINANCE CERTAIN CAPITAL EQUIPMENT LEASES AND INCIDENTAL EXPENSES IN CONNECTION THERE WITH AND ON ACCOUNT OF THE ISSUANCE AND SALE OF THE 2024 BONDS IN APPROPRIATING THE PROCEEDS DERIVED FROM THE SALE OF SUCH BONDS. SPONSORED BY COUNSELOR TAYLOR. THIS HAS BEEN ALREADY INTRODUCED. WE SEND IT TO THE FINANCE COMMITTEE. WE HAVE HAD DISCUSSION ON IT AT LEAST A COUPLE OF MEETINGS. DO YOU WANT TO COME UP AND JUST BRIEFLY, YOU KNOW, UNLESS I AM THROWING YOU OFF, AND EXPLAIN WHY WE HAVE TO HAVE THE PUBLIC HEARING TODAY? OKAY, THANK YOU. AND IF YOU COULD, YEAH, JUST GO UP THERE, THERE IS A BUTTON. THAT THERE BE REPRESENTATIVES UNLESS THERE ARE ANY QUESTIONS TODAY. WE HAVE HAD LOTS OF DISCUSSION IN THE COUNCIL MEETING AND THE FINANCE COMMITTEE MEETING. ALL RIGHT. SO WE ARE HERE TODAY BECAUSE WE NEED TO HAVE A 
          PUBLIC HEARING. >> CORRECT. GOOD MORNING, COUNSELORS. MY NAME IS BRANDON . UNFORTUNATELY, RED COULD NOT BE HERE TODAY. THE REASON FOR THE PUBLIC HEARING TODAY IS BECAUSE THE BOND ORDINANCE INCLUDES ADDITIONAL APPROPRIATION. IT APPROPRIATES THE PROCEEDS OF THE BONDS AUTHORIZED BY THE BOND ORDINANCE TO THE PURPOSE FOR WHICH YOU ARE ISSUING THE BONDS, WHICH IS THE REFUNDING OF CERTAIN CAPITAL LEASES THAT THE CITY IS OUTSTANDING. PRIOR TO THE MEETING , WE DID NOT GET THE NOTICE AND ON TIME, SO WE HAD TO PUBLISH IT LATER IN THAT PUSHED OUR ABILITY TO HOLD A PUBLIC HEARING TO THIS MEETING. SO, THE PUBLIC HEARING HAS TO HAPPEN BEFORE WE CAN ADOPT THE ORDINANCE BECAUSE IT INCLUDES THAT APPROPRIATION. THE PUBLIC HEARING IS ACTUALLY ON THE ADDITIONAL APPROPRIATION OF PROCEEDS, RATHER THAN THE BONDS THEMSELVES. BUT THAT IS THE PURPOSE. 
          >> THANK YOU. THE INTENTION WAS TO HAVE THE HEARING ON THE 21ST, BUT BECAUSE OF THE NOTICE, WE HAD TO SCHEDULE IT FOR TODAY. SO, DOES ANYONE HAVE ANY QUESTIONS FOR THE COUNCILOR 
          ? COUNCILOR SNYDER? >> THE EXISTING LEASES THAT ARE BEING REFINANCED, HAS ALL THE MONEY ALREADY BEEN SPENT? HAVE THEY ALREADY BEEN EXHAUSTED? THERE WAS NO OPEN AVAILABILITY 
          TO SPEND, CORRECT? >> YES. 
          >> THANKS. >> ZACH JANTZ. THERE IS A SMALL AMOUNT LEFT OVER, WE ARE IN THE BALLPARK OF A QUARTER MILLION DOLLARS. I CAN GET THAT FOR YOU. THAT WILL BE MOVED OVER, IT STILL HAS TO BE HELD IN TRUST, IT IS JUST THE NATURE OF THIS. IT WILL BE USED FOR THE ORIGINALLY CONTEMPLATED TYPE OF PROJECTS. YES, THERE IS A LITTLE BIT OF CASH . 
          >> THAT IS MY QUESTION, COULD IT STILL BE USED? 
          >> YES, ABSOLUTELY. ANY QUESTIONS EITHER FOR BRANDON THORNBURG, ZACH, OR BAKER UTILITY? IF THERE ARE NONE ON THE PUBLIC HEARING, WE WILL START THE PUBLIC HEARING AT 8:05 . IF THERE IS ANYONE WHO WISHES TO MAKE ANY STATEMENTS, PLEASE COME UP TO THE MICROPHONE. I DON'T KNOW. DO WE HEAR VOICES? IS SOMEBODY RUNNING UP THE STEPS TO SPEAK? ARE WE GOOD? ALL RIGHT. WE WILL END THE PUBLIC HEARING AT 8:06. 
          WITH THE PUBLIC HEARING LOOKING FOR A MOTION. 
          [00:05:07]
          >> SECOND. >> DISCUSSION? ALL RIGHT. THE CONSENT VOTE AGAIN. ALL RIGHT. ALL THOSE IN FAVOR, SAY
* This transcript was compiled from uncorrected Closed Captioning.