Aug 12, 2025 Commissioners Court

ROUTINE CORRESPONDENCE? WANNA MAKE YOU MINDFUL? DID Y'ALL RECEIVE AN EMAIL FROM TANDY YESTERDAY ABOUT OUR, UH, VOTING? I DON'T REMEMBER.

PRAY HEAVEN.

FATHER, WE JUST THANK YOU FOR THIS DAY.

LORD, WE THANK YOU FOR ALL YOUR LOVE THAT YOU SHOW US.

WE THANK YOU FOR YOUR BLESSINGS, LORD.

WE ASK FOR GUIDANCE TODAY AS WE DO COUNTY BUSINESS.

LORD, BE WITH US AS WE MAY DECISIONS FOR THE COUNTY.

WE JUST GIVE YOU PRAISE AND, UH, THANKSGIVING FOR ALL OF OUR, UH, FIRST RESPONDERS, OUR MILITARY SERVING ABROAD.

WE JUST, AGAIN, JUST THANK YOU FOR THIS NATION THAT IS SO GREAT.

AND WE PRAY YOU STAND YOUR SONS HOLY NAME.

AMEN.

I PLA TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS.

ONE NATION UNDER GOD.

INDIVIDUAL LIBERTY BEING JUSTICE FOR ALL.

I HONOR THE TEXAS FLAG.

I PLAINTIFF'S ALLEGIANCE TO THE TEXAS ONE STATE UNDER GOD.

ONE INDIVIDUAL.

THANK YOU.

OKAY, ANYONE HAVE ANY

[1. ROUTINE CORRESPONDENCE]

I WAS HOPING SHE WOULD BE HERE.

SHE'LL BE HERE SHORTLY AND THEN SHE CAN GO OVER THAT.

WE'LL BACK, BACK UP THERE.

IT'S VERY IMPORTANT.

I BELIEVE KATIE'S HAD A FOR TWO ITEMS BECAUSE SHE'S AT THE CONFERENCE, YOU KNOW ABOUT WHAT WAS GOING ON WITH THE VOTING EQUIPMENT AND STUFF.

I KNOW ABOUT A LITTLE BIT ABOUT THAT, BUT THE TWO ITEMS SHE HAS.

ALRIGHT.

GOOD ENOUGH.

I'LL MAKE SURE SHE SENDS YOU ALL THE EMAILS.

SO YOU'LL BE UP TO DATE ON WHAT'S GOING ON.

ON THE, UH, CONSENT AGENDA? Y'ALL HAVE SEEN THE ONE ITEM THERE JUST TO ACCEPT THE COMMISSIONER'S COURT REGULAR MINUTES MEETING FOR AUGUST THE FIFTH.

THAT'S IT BECAUSE THE COMPANY WE HAVE IS FOLDING UP ANYWAY.

GAVE US SHORT, SHORT, SHORT NOTICE AND WAS CONFIRMED BY THE STATE.

SO ANYWAY, ANYTHING

[2. CONSENT AGENDA]

ANY CHANGES TO CORRECTIONS? THERE NOT ANY MOTION TO APPROVE.

I'LL MAKE A MOTION FOR YOU.

MR. PHE MAKES THE MOTION TO HAVE A SECOND.

MR. MOORE MAKES A SECOND.

BEAVER IS, IS GOING TO TALK TO US ABOUT THE, UH, KA COUNTY SHERIFF'S OFFICE FINANCIAL REPORTS FOR APRIL TO JUNE OF 25.

A MOTION CARRIES.

THANK YOU.

SHERIFF

[3. Sheriff Beavers: Discuss/Consider/Approve the Kaufman County Sheriff's Office financial reports for April-June 2025. ]

MORNING SHERIFF.

GOOD MORNING.

YEAH, THE FINANCIAL AND LOAN WITH OUR, UH, REGULAR STATS THAT WE DO EVERY QUARTER.

LIKE I TOLD YOU, I'M BRINGING THEM EVERY QUARTER.

THERE AIN'T NO NEED IN BRINGING 'EM EVERY MONTH.

UH, THEN Y'ALL CAN LOOK AT 'EM PRETTY WELL.

IF YOU LOOK AT APRIL, EVERYTHING'S PRETTY WELL.

UH, SAME A LITTLE BIT UNDER ON INCIDENT REPORTS AND REPORTS.

CID.

SO THAT WOULD CONFIRM THAT OUR, YOU KNOW, OVERALL, UH, CRIME STATS ARE LOWER THAN WHERE THEY'VE BEEN IN THE PAST, SO, WHICH IS A GOOD THING.

UH, BUT EVERYTHING ELSE IS PRETTY WELL STAYING ABOUT THE SAME.

UH, YOU DID NOTICE IN APRIL WE ONLY HAD THREE OPENINGS IN DEPUTIES THREE AND DETENTION AND TO COMMUNICATION, WHICH WAS, WE WAS GETTING CLOSE, BUT, YOU KNOW, THINGS CHANGED.

AND , WE'LL LOOK TOWARDS THE END AND I'LL KIND OF GIVE YOU THEM NUMBERS, BUT EVERYTHING, I THINK THE BIG THING THAT WE WE'RE SEEING IS, UH, JUST THE TRANSPORTS ARE CHANGING A LITTLE BIT AND EVERYTHING ELSE IS PRETTY WELL THE SAME ON THAT.

FINANCIAL WAS $106,000.

WHEN YOU GET IN THE MAY, ONCE AGAIN, YOU STILL SEE THE SAME THING.

UH, WE'RE DOING TRAINING IS UP JUST A LITTLE BIT, PROBABLY NOT THE HOURS, BUT, UH, YOU'LL NOTICE THAT THE STUDENT COUNT IS QUITE A BIT UP.

UH, WE'RE HAVING A LOT MORE STUDENTS IS COMING IN THERE, OUR TRAINING.

UH, SO THAT'S PRODUCING MORE.

AND THEN THE SAME THING.

AND THEN WE HAD 82,300.

AND THEN IN JUNE, ONCE AGAIN, YOU SEE OUR NUMBERS AS FIVE POSITION AND DEPUTIES EIGHT IN DETENTION AND FOUR IN COMMUNICATION.

I HAVE INTERVIEWS, UH, THURSDAY, THREE WITH DEPUTIES, ONE WITH COMMUNICATION.

SO HOPEFULLY WE'LL PULL THEM OUT.

BUT SAME THING, EVERYTHING'S RUNNING ABOUT THE SAME.

UH, SO NOTHING REALLY OUT OF THE ORDINARY.

IT'S ALWAYS UP AND DOWN IN YOUR DEPARTMENT BECAUSE PEOPLE COME AND GO AND, UH, IT'S JUST TOUGH JOB.

DE DEPUTIES WERE PRETTY WELL SUSTAINING OURSELVES FAIRLY DECENT.

IT'S JUST SOMETIMES WE'VE GOT PART WAYS ON SOME DECISION MAKINGS.

UH, THEN THE JAIL, I'M TELLING YOU, YOU HIRE THESE PEOPLE AND TALK TO 'EM ABOUT WORKING IN THERE AND THE DOORS CLOSING BEHIND YOU EVERY DAY AND DOING THAT.

AND THE MENTAL HEALTH ASPECT IN THERE, UH, THEY THINK THEY UP TO IT, BUT YOU GET ABOUT SIX MONTHS IN, THEY GO, THIS AIN'T FOR ME .

SO IT'S, IT IS BEEN THAT WAY MY WHOLE CAREER WITH DEALING WITH THE JAIL SINCE 1990.

SO IT'S A ROLLERCOASTER.

SO UNTIL WE CAN FIND THEM PEOPLE THAT TRULY IT FITS 'EM, THEN WE KEEP WORKING ON TRYING TO KEEP 'EM.

THAT'S ALL YOU

[00:05:01]

DO.

YOU ARE DOING A GOOD JOB.

SO THAT'S ALL WE CAN DO.

I APPRECIATE IT.

WELL, THANK Y'ALL.

ANY QUESTIONS FOR THE SHERIFF ON NUMBER THREE? DO I NEED A MOTION TO APPROVE? I'LL MAKE A MOTION.

MR. LANE MAKES A MOTION TO HAVE A SECOND.

MR. TROLL MAKES A SECOND.

COMING OR DO YOU KNOW ANYTHING ABOUT NUMBER FIVE? YES.

AYE.

MOTION CARRIES.

SHERIFF NUMBER

[4. Sheriff Beavers: Discuss/Consider/Approve L3Harris Managed Services Agreement. ]

FOUR DISCUSSED.

COULD IT APPROVE L THREE HARRIS MANAGED SERVICE AGREEMENT? YES.

WELL, AS WE KNEW DURING THE BUDGET TIME, WE HAD, I PRESENTED THAT WHOLE CONTRACT TO YOU, UH, THAT COME UP, UH, UH, TALKING WITH THEM.

THAT'S IN, IT'S ALREADY SCHEDULED IN THE BUDGET, BUT THE BIG THING THAT IS COMING UP WITH US NOW IS, UH, THEY'RE GONNA HAVE A PRICE INCREASE AT THE END OF SEPTEMBER, FIRST OCTOBER.

SO WE'RE JUST SIGNING THE CONTRACT AND GOING TO AGREEMENT.

LEGALS LOOKED AT IT, HAD A FEW CONCERNS, BUT OVERALL IT'S, IT'S A GOOD CONTRACT.

WE'VE DONE.

IT'S FOR 10 YEARS.

UH, IT DOES PAY FOR ITSELF TO SOME DEGREE.

JUST BEFORE THIS OTHER CONTRACT WENT OUT, WE HAD A REPEATER GO OUT AND THAT'S ABOUT 30,000.

THEY PICK THAT UP.

SO THAT'S A GOOD THING.

SO I KNOW IT'S EXPENSIVE, BUT IT DOES HELP IN THE LONG RUN, ESPECIALLY AS OUR EQUIPMENT STARTS GETTING OLDER.

WELL, IT'S SOMETHING WE HAD TO DO.

EXACTLY.

THAT'S THE BOTTOM LINE.

SO ANY QUESTIONS FOR THE SHERIFF ON THAT? NON ENTERTAIN A MOTION TO APPROVE.

I'LL MAKE THE MOTION.

MR. MOORE MAKES THE MOTION TO HAVE A SECOND.

I A SECOND.

MR. LANE, MAKE A SECOND.

ALL IN FAVOR, SAY AYE.

[5. Trenis Ramsey: Discuss/Consider/Approve contracts for fiscal year 2026. ]

I, I'M NOT AWARE.

OR IF HE'S COMING, I, OKAY.

WELL I RECEIVED A WHOLE PACKET.

I THINK THERE'S WHAT, 12 CONTRACTS IN THAT PACKET AND, UH, IT'S BEEN THROUGH LEGAL THAT WAS SENT TO MY DESK.

YES, I KNOW KEN LOOKED AT MOST OF THEM.

I LOOKED AT LEAST ONE OF THEM.

THOUGHT THEY WERE APPROPRIATE.

NO, NO MAJOR OBJECTIONS THAT WOULD HOLD IT UP AT THE COURT.

SO IT'S JUST A CONTINUATION AND, UH, CONTRACT.

SO NEED A MOTION TO APPROVE THAT.

I'LL MAKE A MOTION FOR MR. PHELPS.

MAKES THE MOTION TO HAVE A SECOND.

OKAY, BRAD, MR. TANDY TO DISCUSS, CONSIDER AND APPROVE ELECTION ORDER FOR THE NOVEMBER 4TH, 2025 CONSTITUTIONAL AMENDMENT, JOINT ELECTION IN COPEN COUNTY.

MR. MOORE MAKES A SECOND.

ALL IN FAVORS SAY AYE.

[6. Tandi Smith: Discuss/Consider/Approve the Election Order for the November 4, 2025 Constitutional Amendment/Joint Election in Kaufman County. ]

THIS IS JUST YOUR ORDER TO FORMALLY AUTHORIZE THE ELECTION TO BE HELD, UH, FOR THE JOINT ELECTION AND ALL THE CONSTITUTIONAL AMENDMENTS THAT WILL BE ON THE BALLOT.

UH, THE ORDER IS IN, YOU KNOW, PROPER FORM, BUT WE WOULD RECOMMEND Y'ALL APPROVE.

ANY QUESTIONS FOR BRAD? YOU NEED A MOTION TO APPROVE THEN? I'LL MAKE A MOTION.

MR. LANE MAKES THE MOTION TO HAVE A SECOND.

BRAD, FOR MS. TANDY DISCUSS, CONSIDER AND APPROVE THE ELECTION ORDER TO CALL FOR THE NOVEMBER 4TH, 2025 SPECIAL ELECTION FOR THE DISSOLUTION OF THE CEDAR CREEK HOSPITAL DISTRICT.

MR. CROW MAKES A SECOND.

ALL IN FAVORS SAY AYE.

AYE.

MOTION CARRIES.

ONCE AGAIN,

[7. Tandi Smith: Discuss/Consider/Approve the Election Order to call for the November 4, 2025 Special Election for the dissolution of the Cedar Creek Hospital District. ]

YES, IT UM, THIS IS GOING TO BE A SPECIAL ELECTION HELD ON THE SAME DATE.

UH, IT IS DONE AS A SEPARATE ORDER BECAUSE OF THE LEGISLATION THAT AUTHORIZED SUCH A ELECTION.

THE ORDER IS IN PROPER FORM, BUT WE WILL RECOMMEND APPROVAL AND THIS WAS SET UP MANY, MANY, MANY YEARS AGO AND THERE'S, UH, NOT ANY ACTION TO IT.

AND SO, UH, THERE'S SOME MONEY THERE, BUT IT'LL GO BACK TO A NON-PROFIT IN THE CITY CREEK AREA.

THERE'S NOT THAT MUCH MONEY.

I DON'T KNOW HOW LONG THE ORDER, HOW LONG THE PROCESS HAS BEEN GOING ON, BUT THE ORDERS, I THINK IT'S OVER 20 YEARS.

IT'S MY UNDERSTANDING IT'S BEEN THERE FOR A WHILE.

NEED A MOTION TO APPROVE? I'LL MAKE A MOTION.

MR. PHELPS MAKES THE MOTION TO HAVE A SECOND.

MR. BOARD MAKES A SECOND.

A MOTION CARRIES.

THANK YOU MS.

[8. Lorena Diaz: Discuss/Consider/Approve the financing of a Caterpillar APSSS Paving-Track Paver utilizing Sourcewell contract #011723. ]

LORENA.

SHE WANTS TO DISCUSS CONSIDERING ASK FOR APPROVAL FOR FINANCING OF A CATERPILLAR AP 5 55 PAVING TRACK, PAVER U UTILIZ AND SOURCE TO A CONTRACT 0 1 1 7 2 3.

YES, MA'AM.

WELL, GOOD MORNING, JUDGE AND COMMISSIONER.

SO COMMISSIONER CROW NEEDS A PAVER AND, UM, THE PRICE TAX 458,000 AND THE CO, UH, COOPERATIVE CONTRACT HAS BEEN REVIEWED.

IT MEETS ALL PROCUREMENT REQUIREMENTS.

WE HAVE SENT THE QUOTE TO AP AND THEY'RE CURRENTLY REVIEWING THE FINANCING OPTIONS.

SO I JUST, I DID, UM, GIVE THAT TO THEM THIS MORNING.

I HAVE A COPY IF YOU WANT IT.

YOU'VE SEEN THE REQUEST AND APPROVAL.

YOU NEED A, ARE YOU MAKING A MOTION TO APPROVE? I'LL MAKE A MOTION.

MR. KROLL MAKES A MOTION.

COMMISSIONER MOORE MAKES A SECOND.

ALL IN FAVOR? AND SAY AYE.

JUDGE, UH, I JUST GOT AN EMAIL FROM, UH, GREGORY MILLER.

WITH STAFF JOE, WHO'S BOND COUNSEL.

THE COUNSEL'S ATTORNEY, YES.

FOR THE COUNTY.

HE MISTAKENLY WENT TO THE JUSTICE CENTER AND SUPPOSED TO BE ON HIS WAY AND IT'D PROBABLY GOOD TO HAVE HIM HERE.

MAYBE YOU COULD, WE CAN WAIT.

ON OVER TO NUMBER 10 FOR OUR MS. AUDITOR TO TALK ABOUT OUR LINE ITEM AND BUDGET TRANSFERS.

WELL JUST

[00:10:01]

MOVE

[10. Auditor: Discuss/Consider line item and budget transfers/corrections. ]

SO THIS WEEK WE DO HAVE A FEW LINE ITEM TRANSFERS.

WE HAVE, UM, ROUTINE LINE ITEM TRANSFERS AND A FEW ROUTINE BUDGET AMENDMENTS BASED ON SOME REVENUE THAT WE'VE RECEIVED.

AND WE ASK FOR THE COURT'S APPROVAL.

MR. PHILLIPS MAKES THE MOTION.

Y'ALL ALL SEEN THESE AND HAD 'EM FOR A FEW DAYS.

ANY QUESTIONS? NEED A MOTION TO APPROVE? I'LL MAKE A MOTION.

MAY I'LL SECOND.

COMMISSIONER PLAIN MADE A SECOND.

AGAIN DISCUSS CONSIDERED CLAIMS FOR PAYMENT.

A MOTION CARRIES.

OKAY, MS. A ONCE

[11. Auditor: Discuss/Consider claims for payment and/or Financial Information as provided by the County Auditor. ]

SO THIS WEEK WE HAVE ACCOUNTANTS PAYABLE INVOICES TOTALING $2,724,644 AND 69 CENTS.

MOST OF THAT IS MADE UP OF OUR EMPLOYEE INSURANCE AND SOME QUARTERLY, UM, STATE FEES THAT WE HAD TO RETURN TO THE STATE.

UM, AND THEN WE ALSO HAD SOME JUROR CHECKS OF $2,460 FOR A TOTAL PAYOUT OF $2,000,727 TWO, LET ME START THAT OVER $2,727,104 AND 69 CENTS.

AND WE ASK FOR THE COURT'S APPROVAL TO PAY.

ANY COMMENTS OR QUESTIONS FOR THE AUDITOR? NO.

NOT NEED A MOTION TO APPROVE.

I'LL MAKE THE MOTION.

MR. MOORE MAKES THE MOTION TO HAVE SECOND I'LL SECOND.

MR. LANE MAKES SECOND.

ALL IN FAVOR, CI AYE.

AYE.

MOTION CARRIES.

SO WE'RE GOING TO WAIT HERE FOR A SECOND, GUYS.

SO IF Y'ALL NEED TO TAKE A BREAK, I,

[9. George Williford: Discuss/Consider approving an order by the Commissioners Court of Kaufman County, Texas Authorizing the Issuance of 'Kaufman County General Obligation Bonds, Series 2025;' Levying a Continuing Direct Annual Ad Valorem Tax, Within the Limits Prescribed by Law, For the Payment of the Bonds; Prescribing the Form, Terms, Conditions, and Resolving Other Matters Incident and Related to the Issuance, Sale, and Delivery of the Bonds, tncluding the Approval and Distribution of an Official Statement Pertaining Thereto; Authorizing the Execution of a Paying Agent/Registrar Agreement and Sale Documentation; Complying with the Letter of Representations on File with the Depository Trust Company; Delegating the Authority to Certain Members of the Commissioners Court and County Staff to Execute Certain Documents Relating to the Sale of the Bonds; and Providing an Effective Date. ]

WE'RE GONNA GO BACK TO ITEM NUMBER NINE IN IS MR. GEORGE WILFRED'S.

WE'RE GOING TO, UH, DISCUSS, CONSIDER APPRO THE ORDER BY THE COMMISSIONER'S COURT OF KAUFMAN COUNTY AUTHORIZING THE ISSUANCE OF KAUFMAN COUNTY GENERAL OBLIGATION BONDS SERIES 2025.

UH, I HATE TO READ THIS WHOLE THING, BUT GEORGE, YOU'RE GOING TO EXPLAIN IT .

WELL, AND AND THAT'S ONE REASON, JUDGE.

UH, I THOUGHT IT WAS MOST APPROPRIATE TO HAVE, UH, GREGORY MILLER WITH BIGGER STAFF, HEATH DELGADO.

UH, THEY'VE BEEN BOND COUNSEL TO THE COUNTY FOR YEARS AND YEARS.

UH, AND, UH, UH, SO HE'S HERE AND CAN ANSWER AND ADDRESS SPECIFICS WITH REGARD TO THE ORDER ITSELF.

'CAUSE THAT'S THE ACTUAL LEGAL DOCUMENT AND SO ON.

BUT I'D PASSED OUT, UH, TO, UH, THE, UH, COURT, UH, UH, COPY OF A KIND OF AN UPDATED PRESENTATION THAT, UH, WE DID.

AND, UH, YOU KNOW, ORIGINALLY WHEN, WHEN I WAS HERE IN JULY, WE TALKED, UH, FROM THE STANDPOINT THAT WE THOUGHT WE'D BE PRICING THE ISSUE YESTERDAY, BRINGING YOU ACTUAL, UH, RATES AND TERMS AND ALL IN FINAL FORM.

BUT, UH, GETTING THE OFFERING DOCUMENT, UH, TO EVERYONE'S SATISFACTION AND SO ON, IT WAS DECIDED REALLY, UH, LAST WEEK, UH, UH, OR I GUESS LATE THE, UH, PRIOR WEEK THAT IN ALL LIKELIHOOD, WELL, IT WOULD BE BEST TO DO THIS ON WHAT'S CALLED A DELEGATED, UH, BASIS.

AND IN THAT CASE, UH, YOU'LL BE APPROVING THE ORDER AUTHORIZING ISSUANCE TODAY.

AND AS GREGORY SENT AN EMAIL, UH, THE OTHER DAY, IT'S GONNA HAVE SOME BLANKS STILL PENDING.

THE ACTUAL SIZE, THE INTEREST RATES, THE, THE ACTUAL MATURITY AMOUNTS AND SO ON.

UH, AND THEN RIGHT NOW THE PLAN IS NEXT WEDNESDAY, UH, ON THE 20TH, UH, THE UNDERWRITERS, UH, WOULD GO INTO THE MARKET ACTUALLY, UH, SELL THE BONDS.

THERE'D BE PRICE RATES LOCKED IN AND SET.

AND, UH, THEN THE DEAL WOULD BE DONE.

AND YOU'RE GIVING, UH, DELEGATED PRICING APPROVAL AUTHORITY TO EITHER JUDGE ALLEN OR, UH, BRANDY IN THAT CASE.

BUT THAT'S ALL KIND OF, UH, WHAT'S, UH, SUMMARIZED IN HERE THAT WE'RE DOING THAT.

AND, UH, I JUST WANTED TO POINT OUT THAT LEADING UP TO THIS, YOU'LL SEE WE HAD RATING CALLS.

UH, THE JUDGE AND BRANDY, UH, PARTICIPATED IN WITH, UH, BOTH FISH AND STANDARD AND POS AND THEY AFFIRMED THE REALLY GOOD RATINGS OF THE COUNTY BOTH DOUBLE A.

SO THAT'S A GOOD THING.

AND THEY ALSO REALIZED, AND OF COURSE IT WAS POINTED OUT TO 'EM THAT, UH, COMAN COUNTY'S FASTEST GROWING COUNTY, YOU KNOW, LITERALLY IN THE COUNTRY OR ONE OF THEM AND SO ON.

AND SO THEY RECOGNIZED ALL THAT AND, AND NOT ONLY POPULATION, BUT ECONOMIC GROWTH COMING AS WELL.

UH, I PUT A CALENDAR IN HERE.

YEP.

AGAIN, THAT SHOWS PLANNED PRICING WOULD BE NEXT, UH, WEDNESDAY.

AND, AND WE'VE GOT CLOSING OR ACTUALLY DELIVERY WHERE THE MONEY WILL BE COMING TO THE COUNTY ON SEPTEMBER 15TH.

AND

[00:15:01]

EVERYTHING WILL BE STRUCTURED SUCH THAT, UH, THE COUNTY WILL RECEIVE $40 MILLION EXACTLY.

UH, FOR PROJECT COSTS AND SO ON.

UH, THE REASON, FOR INSTANCE, THE SIZE IN THE ORDER IS NOT ESTABLISHED YET.

UH, LIKE I SAID, THAT'S GONNA BE THE BASIS.

THEN WE'LL MAKE SURE ALL THE COSTS UNDERWRITING, UH, COST AND EVERYTHING ARE ALSO, UH, COVERED.

BUT IN THE MARKET RIGHT NOW, COUPON RATES, WHICH ARE KIND OF THE STATED RATES VERSUS THE YIELD, ARE SUCH THAT BUYERS WILL BE PAYING PREMIUM.

AND SO IN ALL LIKELIHOOD, THE ISSUE SIZE CAN BE LESS THAN 40 MILLION.

AND ALWAYS GET THE QUESTION, WELL, HOW ARE WE SELLING LESS, BUT WE'RE GETTING ALL THE MONEY.

WELL, IT'S THOSE PREMIUM DOLLARS THAT MAKE THE DIFFERENCE AND SO ON.

UH, AND ALL, BUT THAT, THAT'LL BE THE CASE THAT SEPTEMBER 15TH, IF THE TIMING HOLDS WOULD BE WHEN THE MONEY WOULD ACTUALLY BE COMING, UH, TO THE COUNTY.

I PUT SOME, UH, UH, OF COURSE, UH, UPDATED INFORMATION ABOUT THE IMPACT, UH, AND STRUCTURE AND SO ON.

ON PAGE FOUR, WHAT I HANDED OUT, IT'S VERY SIMILAR TO WHAT YOU'VE SEEN.

THE INTEREST RATE'S A LITTLE BIT LOWER THAN WHAT I SHOWED IN JULY, UH, BASED ON CURRENT RATES ABOUT A 4.51, UH, ESTIMATED.

BUT THE TAX IMPACT AND EVERYTHING IS, UH, UH, IN LINE WITH EXACTLY WHAT WE'VE DISCUSSED, UH, BEFORE, UH, AND ALL.

AND THEN THE LAST TWO PAGES I PUT IN, AND REALLY THE SECOND TO THE LAST, THAT SAYS MMD RATES, UH, IS PROBABLY THE MOST APPROPRIATE.

UH, THAT'S MUNICIPAL MARKET DATA.

AND THOSE ARE TAX EXEMPT INDEX RATES TIED TO, UH, UH, TAX EXEMPT BONDS ON A DAILY BASIS.

SO IT'S SUPPOSED TO REPRESENT THE REAL MARKET AND, AND LIKE JUDGE AND I WERE TALKING BEFORE THE MEETING, WHAT YOU'LL NOTICE IS ON THAT KIND OF BLOWOUT, UH, DEAL ON THE RIGHT HAND SIDE RATES HAVE ACTUALLY COME DOWN RECENTLY.

AND, UH, UH, THE BIG SPIKE YOU SEE, UH, BACK IN APRIL, THAT WAS WHEN, UH, PRESIDENT TRUMP INITIALLY ANNOUNCED TARIFFS.

TARIFFS, YOU KNOW? YEAH, YEAH.

UH, INTEREST RATES SHOT UP, THEN THEY KINDA STARTED SETTLING BACK AND EVERYTHING.

AND THEN, UH, A LITTLE OVER A WEEK AGO WHEN THE FEDERAL RESERVE DID NOT LOWER RATES, WELL, INTEREST RATES TOOK ANOTHER SPIKE.

SPIKE, YEP.

BUT THEN TWO DAYS LATER ON FRIDAY WHEN THERE WAS A BAD EMPLOYMENT REPORT WHERE RATES PLUMMETED OR CAME DOWN QUITE A BIT, AND THEY'VE KIND OF BEEN TRENDING THAT WAY.

UH, SO HOPEFULLY WE'RE IN A, A GOOD TIME.

UH, YOU KNOW, UH, UNLESS THERE'S SOMETHING THAT HAPPENS, UH, YOU KNOW, ELSEWHERE IN THE WORLD OR WHATEVER, HOPEFULLY NEXT WEEK WILL BE PRETTY CALM AND SO ON.

BUT WHAT I MIGHT RECOMMEND IS LET GREGORY UH, DESCRIBE OR ANSWER ANY QUESTIONS ABOUT THE ORDER ITSELF.

AND THEN, UH, THE COURT WOULD HAVE THE OPPORTUNITY TO, UH, ACT, UH, ON THAT.

AND LIKE I SAID, ONCE THAT'S DONE, THEN WE'RE GOOD SO THAT WE COULD PROCEED.

AND, UH, THE JUDGE AND BRANDY AND I, I FAILED TO MENTION, UH, I'M GONNA HAVE LINKS FOR BOTH EACH OF YOU ALL, UH, WHERE YOU CAN GET ONLINE AND, AND THAT MORNING.

'CAUSE IT'S LITERALLY A MORNING TYPE PROCESS WHEN, UH, THE PRICING OCCURS AND ORDERS ARE BEING RECEIVED AND SO ON.

UH, IT'S A, UH, UH, PLATFORM CALLED GAME DAY.

AND SO YOU CAN GET ON THERE AND ACTUALLY SEE, UH, THE ORDERS, UH, ACCUMULATING BY MATURITY OF AN ISSUE.

AND I MEAN, HOW MANY ORDERS RELATIVE TO HOW MANY, UH, DOLLARS OF MATURITY IS WHAT DICTATES WELL, UH, YOU KNOW, WILL THERE BE AN OPPORTUNITY MAYBE TO LOWER SOME OF THE RATES THAT THEY WENT OUT WITH OR WHAT? BUT ANYWAY, IT'LL BE A LIVE DEAL, UH, THAT IN EACH OFFICE OR WHEREVER YOU MIGHT WANNA SET UP TO LOG ON, WE CAN OBSERVE.

AND OF COURSE I'LL BE WATCHING IT TOO AND WE'LL BE COMMUNICATING.

IS THAT SOMETHING WE CAN SET UP IN THE CONFERENCE ROOM UPSTAIRS WHERE ANYBODY CAN COME IN AND WATCH OR JUST ABSOLUTELY.

I THINK THAT WOULD BE GOOD.

EITHER ONE OF YOUR COMPUTERS MM-HMM .

UH, YOU KNOW, WE CAN PROJECT IT ON THE SCREEN, HAVE LINKS, AND THEN IF YOU'VE GOT ABILITY TO PROJECT IT.

FOR INSTANCE, THEY GOT A SIGNIFICANT OVER SUBSCRIPTION, THEY'LL BE TALKING ABOUT, WELL, SHOULD WE RECOMMEND OR SAY WE CAN REDUCE RATES? AND THEN THEY'LL TALK TO OUR UNDERWRITER WHO WILL SAY WHAT HE THINKS IS GOOD OR NOT.

AND IF YOU, ASHLEY, IF YOU WOULD SET UP A, UH, AGENDA FOR THAT FOR, FOR NEXT WEDNESDAY THE 20TH.

ABOUT WHAT, WHAT TIME GEORGE? I THINK, WELL, WE'LL BE TALKING PROBABLY BY, UH, FRIDAY.

WE'LL HAVE A GOOD IDEA.

BUT MOST CASES THEY WANT TO GO OUT OPEN THE ORDER PERIOD AROUND NINE.

BUT IF THEY'RE KIND OF STILL TALKING TO SOME PEOPLE, IT MIGHT SLIDE THAT'S, AND NORMALLY AN ORDER PERIOD RUNS AN HOUR AND A HALF AND YOU KNOW, BY 10 30, 11 WE'LL KNOW WHAT THE ORDERS WERE.

THAT DOESN'T MEAN THAT YOU'LL KNOW THE EXACT RATES.

'CAUSE THEN THE UNDERWRITERS HAVE TO KIND OF DETERMINE.

AND IF

[00:20:01]

'CAUSE SOMETIMES HE HAS TO PUSH 'EM, YOU KNOW, LIKE, WELL, I THINK YOU OUGHT TO LOWER HERE OR THAT, AND IT'LL BE ON EASTERN TIME.

I'M SORRY, IT'LL BE ON EASTERN TIME.

NO, IT'S HERE IN DALLAS.

IS IT? OKAY.

OH YEAH.

I FORGET THAT.

I ALWAYS FORGET ABOUT THE ONE BEING THERE NOW.

THAT'S CRAZY.

IF YOU GET THAT AND JUST GO AHEAD AND SET IT FOR NINE O'CLOCK, IF IT'S LATER THAN THAT, THEN SO BE IT.

BUT ANY OF US WHO WANT TO COME AND SIT AND WATCH, IT'D BE INTERESTING.

WE'VE NEVER DONE IT BEFORE THAT I KNOW OF.

IT'S, IT'S INTERESTING.

BUT IT ALSO CAN BE LIKE WATCHING PAINT DRY.

I MEAN, YOU KNOW, IT'S NO, THAT'S OKAY.

BUT YOU DON'T WANT IT TO BE AS TOO EXCITING.

UH, YOU KNOW, THAT THE, THAT.

BUT UH, IF EVERYTHING'S GOING WELL, YOU'LL SEE THE ORDERS KIND OF JUST START COMING AND STACKING UP.

WELL, I THINK IT'S EXCITING.

IT'S SOMETHING NEW.

OH YEAH.

TECHNOLOGY NOWADAYS IS GREAT.

AND SO BEFORE THIS WASN'T AVAILABLE.

EXACTLY.

AND THE UNDERWRITERS ARE, UH, RBC, UH, CAPITAL MARKETS AS THE LEAD OR SENIOR AND THEN BOK, UH, WHICH IS CAPITAL MARKETS ARM, BANK OF OKLAHOMA, THAT'S BANK TEXAS AS WELL.

AND THEN ALSO RAYMOND JAMES.

THOSE ARE THE THREE, UH, UNDERWRITERS, UH, ON THE DEAL.

AND THEN BRANDY AND I, YOU KNOW, INTERVIEWED ALL OF THE, UH, WHAT, FIVE, FIVE DIFFERENT ONES.

AND THESE ARE THE THREE THAT WE PICKED THAT WE LIKE THE PRESENTATION, UH, THEIR ABILITY TO DELIVER AND IF MM-HMM .

WHO THEY'VE DONE IN THE PAST.

WHAT COUNTIES, WHAT CITIES AND RAYMOND JAMES DID OUR LAST ONE, I DO BELIEVE.

RAYMOND JAMES HAS BEEN WITH US, SO MM-HMM .

AND YOU'VE GOT SOME STRONG DISTRIBUTION CAPABILITY AMONG THOSE THREE FIRMS. UH, THEY'VE GOT, UH, UH, YOU KNOW, SUBSTANTIAL, UH, SALES FORCES.

SO, AND CAN PENETRATE, UH, YOU KNOW, KIND OF DIFFERENT SEGMENTS OF THE MARKET.

AND SO THAT'S THE REASON HOW THEY BECOME OUR THREE, OUR THREE PICKS.

BUT WOULD YOU LIKE FOR GREGORY TO YES, PLEASE.

GREGORY, COME ON UP.

PLEASE, SIR, HOW ARE YOU THIS MORNING? YOU KNOW, I WAS TELLING GEORGE, THIS IS THE STORY OF MY LIFE.

I TOOK A FEW WRONG TURNS OF IT, EVENTUALLY GOT HERE .

UM, SO THAT'S OKAY.

THANKS TO THE MAP ON MY PHONE.

I GOT A REALLY GOOD TOUR OF THE, OF THE COUNTY.

SO THERE YOU GO.

THERE.

SO, BUT I'M, I'M HAPPY TO BE HERE AND I THANK YOU FOR YOUR GRACE.

UM, AND, AND, UH, I'M BEING LATE.

NO PROBLEM.

RESCHEDULING.

SO THANK YOU VERY MUCH.

AND I APOLOGIZE FOR THAT.

IT'S OKAY.

UM, AND ALSO THANK YOU FOR, UH, CONGRATULATIONS ON YOUR CREDIT RATING.

UM, THAT'S OUTSTANDING.

UM, SO THAT ASIDE, MY NAME IS GREGORY MILLER BAKER, STAFF HEGA ACOSTA WE'RE THE, THE COUNTY'S BOND COUNSEL.

UM, ESSENTIALLY, AS GEORGE SAID, I'M HERE FOR THE LEGAL ASPECTS OF IT.

I BROUGHT YOU A STACK OF DOCUMENTS.

IT'S CALLED THE TRANSCRIPT DOCUMENTS.

UM, THESE ARE ESSENTIALLY EVERYTHING THAT GOES TOGETHER TO MAKE THE CONTRACT FOR THE BONDS.

ONCE WE GET THOSE SIGNED, UM, IT SHOULD TAKE ABOUT 10 OR 15 MINUTES.

A LOT OF THEM ARE FOR YOUR SIGNATURE, JUDGE.

I'M GONNA PACK THOSE UP, TAKE 'EM BACK TO AUSTIN.

WE GET 'EM TO THE ATTORNEY GENERAL'S OFFICE, AND THEN THEY HAVE A CHANCE TO APPROVE THEM.

ONCE THEY APPROVE THEM.

THESE ARE VALID AND INCONTESTABLE BONDS OF THE COUNTY.

UM, AND THEN WE SHOULD CLOSE FIVE DAYS AFTER THAT.

SO THAT'S PRETTY SIMPLE.

UM, THE BOND, THE, THE ORDINANCE, WITHOUT GOING TOO FAR INTO IT, HAS TEXAS STATE LAW, FEDERAL SECURITIES LAW, AND FEDERAL TAX LAW.

IN SOME, IT JUST SAYS THAT YOU WILL FOLLOW THE LAW AND, AND, UH, SELLING THESE BONDS AND THEN KEEPING UP WITH THEM OVER THE LIFE OF THE BONDS.

SO IF THERE'S ANY QUESTIONS ABOUT ACTUALLY WHAT GOES IN THERE, Y'ALL CAN ALWAYS GIMME A CALL, SEND ME AN EMAIL.

I COULD TALK ABOUT PUBLIC FINANCE ALL DAY.

SO, UM, THAT'S BASICALLY ABOUT IT.

WE'RE HERE, UH, FOR Y'ALL.

UM, TO, TO GO THROUGH ALL, UH, ALL ASPECTS OF THE TRANSACTION.

WELL, YOU, YOU WORKED WITH THE COUNTY FIRM WITH THE COUNTY FOR YEARS.

GOOD WORKING RELATIONSHIP.

WE APPRECIATE THAT VERY MUCH.

LIKEWISE.

THANK YOU.

WE VALUE THAT, UH, VERY MUCH.

SO DO WE.

OH, AND I, I MEANT TO TELL YOU, THIS IS A LITTLE UNORTHODOX 'CAUSE BUT I, I DID, I I DON'T LIKE THE LENGTH OF THAT, UH, ORDER OF THE, THE LANGUAGE, EITHER THE MOTION.

SO WHILE, WHILE GEORGE IS TALKING, I DON'T KNOW IF THIS HELPS AT ALL.

I WANTED TO JUST KIND OF TYPE SOMETHING UP.

DO YOU MIND WHOEVER'S MAKING, I'D RATHER READ THAT.

WHOEVER'S MAKING THE MOTION, UM, MY MIND, THIS IS LIKE A STORYBOOK HERE.

IT REALLY? YEAH.

AND IT GOES NOWHERE.

SO LET ME KNOW IF THAT WORKS FOR YOU.

SO BACK HERE ON NUMBER NINE FOR DISCUSSION AND CONSIDER APPRO THE ORDER BY THE COMMERCIAL COURT OF KAMAN COUNTY, UH, TEXAS AUTHORIZED ISSUES OF KAMAN COUNTY GENERAL OBLIGATION BOND SERIES 2025, LIVING A CONTINUING DIRECT ANNUAL VALOR TAX.

OH, OH, I'M SORRY.

I I MADE YOU A SHORTER ONE.

I, I'M GOING TO GO HERE NEXT.

OKAY, GOOD DEAL.