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SORRY. ALL RIGHT, WE'LL GET GOING.

[1. CONVENE]

[00:00:05]

START. I'LL JUST GO ROLL, CALL AROUND THE TABLE, AND WE'RE DOING ANYTHING ON ZOOM.

SO GO AROUND THE TABLE.

MARK HERTLING, BOND OVERSIGHT COMMITTEE.

KRISTIN BYERS. BOND OVERSIGHT COMMITTEE.

DAN CORNELSON BOND OVERSIGHT COMMITTEE.

KRISTI DOMINGUEZ STAFF.

MARK DEEBACH SCHOOL DISTRICT.

ERIC TRIPP SCHOOL DISTRICT.

CONSTRUCTION SERVICES GROUP.

SANDY MCMILLAN.

BOND OVERSIGHT. BRIAN LYNCH.

BOND OVERSIGHT COMMITTEE. AND RILEY CORNELSON BOND OVERSIGHT COMMITTEE.

NEXT ITEM WOULD BE THE AGENDA.

IF ANYBODY'S GOT ANY COMMENTS OR QUESTIONS, ADDITIONS, SUBTRACTIONS, ETCETERA, SPEAK NOW.

OTHERWISE WE'LL ENTERTAIN A MOTION TO APPROVE THOSE AS TO APPROVE IT.

ALL IN FAVOR? AYE. OPPOSED? ALL RIGHT. THE AGENDA IS ADOPTED AS WRITTEN.

MOVING ON TO MINUTES FROM LAST MONTH.

SAME THING. IF ANYBODY HAS ANY QUESTIONS, COMMENTS, ADDITIONS, SUBTRACTIONS, FEEL FREE TO SPEAK UP.

OTHERWISE WE'LL ENTERTAIN THEM.

ENTERTAIN A MOTION TO APPROVE THOSE AS WRITTEN.

MOVE TO APPROVE THE MINUTES AS WRITTEN.

OKAY. ALL THOSE IN FAVOR? ALL RIGHT. ANY OPPOSED? ALL RIGHT. WE WILL CONSIDER THE MINUTES FOR MAY APPROVED AND MOVE ON TO PUBLIC COMMENT. SO DON'T HAVE ANYBODY ON ZOOM.

[2. PUBLIC COMMENT]

RYAN'S HERE, OUR OLD ATTENDEE, SO I DON'T KNOW IF YOU HAVE ANY.

JUST TWO COMMENTS AND A QUESTION.

THE FIRST COMMENT WAS AND WHY I DECIDED TO SWING BY TONIGHT WAS WHEN I GOT THE WEEKLY UPDATE NUMBER 209.

I DID A LITTLE BIT OF MATH AND WENT, WAIT, THAT'S FOUR YEARS PLUS ONE.

SO IF ANYBODY EVER WANTS TO SAY THIS THING WAS NOT AS TRANSPARENT AS IT COULD HAVE BEEN, WEEKLY UPDATES FOR FOUR YEARS.

CHECK. THE SECOND THING WAS IN THE WEEKLY UPDATE, IT SAID THAT THE PAY ASPHALT PAVING OF THE TRACK IS NEARLY COMPLETE OR COMPLETE AND THAT THE SURFACE, THE RUNNING SURFACE WILL BE APPLIED HERE IN THE NEAR FUTURE.

AND I REMEMBERED FOUR-ISH YEARS AGO WHERE ONE OF THE SELLING POINTS ON WHY THIS NEEDED TO HAPPEN WAS THAT FERNDALE COULD NOT HOST A TRACK AND FIELD EVENT.

THE TRACK WAS TOO UNEVEN.

IT HAD PATCHES OF WATER.

WE WERE WORRIED ABOUT TEARING UP OUR OWN SOD AND WE WERE ASKING OTHER SCHOOLS TO HOST US OR LET US BORROW THEIR FACILITIES.

AND I THOUGHT TO MYSELF, YOU KNOW WHAT? MAYBE THIS YEAR OTHER SCHOOLS WILL BE ASKING FERNDALE IF THEY CAN USE THE FERNDALE FACILITIES FOR THEIR TRACK AND FIELD EVENTS.

SO AGAIN, VERY BIG CHECK.

AND THEN MY QUESTION WAS, I ALSO REMEMBER BACK WHEN THE BOND WAS APPROVED AND THE STATE MATCHING WAS STILL VERY MUCH IN QUESTION, THAT THERE WAS SOME PRETTY DELIBERATE TALK THAT WHEN THIS THING GETS CLOSE TO BEING DONE, MAYBE THE COMMUNITY WILL NOT NEED TO REPAY THE THE FULL $120 MILLION.

AND I'M SURE IN OTHER MEETINGS YOU'VE DISCUSSED IT.

I JUST COULDN'T FIND IT.

IS THE BOND GOING TO GO TO THE FULL AMOUNT THAT WILL BE PAID BACK BY THE COMMUNITY OR WILL THERE BE SOME GIVE BACK? I GUESS FROM MY PERSPECTIVE, MARK, YOU CAN CHIME IN A LITTLE BIT, BUT WHEN I'M WRONG, FEEL FREE TO INTERRUPT.

SO TWO THINGS. ONE, THE STATE MATCH DOESN'T KICK IN BY LINE ITEM UNTIL WE EXHAUST THE LOCALIZED FUNDING FOR THAT ITEM.

OKAY. YOU KNOW, THERE'S MORE DETAIL, BUT IT'S BROKEN DOWN AND WE ESSENTIALLY HAVE TO USE OUR ALLOTTED AMOUNT BEFORE WE CAN START RECOUPING FROM THE STATE.

AND WE'VE JUST STARTED CLAIMING.

YEP. AND THEN THE SECOND PIECE OF THAT, THE SECOND ANSWER TO THAT QUESTION IS WITH THE KIND OF OVER THE PAST FOUR YEARS OR I GUESS PROBABLY TWO PLUS YEARS NOW, NOW THAT WE'VE KIND OF GOTTEN INTO THE PACK WORK, A LOT OF THE WORK THAT WAS REQUIRED AT THE PACK ESSENTIALLY ATE INTO WHAT COULD HAVE POTENTIALLY BEEN SAVINGS OR MONEY THAT COULD HAVE BEEN USED ELSEWHERE.

AND SO THERE'S A SIGNIFICANTLY LARGER CHUNK OF MONEY NEEDED TO KIND OF CHECK ALL THE BOXES ON THE PROMISES OR COMMITMENTS THAT WERE MADE IN THE BOND TO FULFILL THE PACK WORK.

WE ONLY HAD 2 MILLION ALLOTTED IN THE BOND.

SO ANY ADDITIONAL FUNDS THAT WOULD HAVE BEEN REALIZED AS SAVINGS ARE ESSENTIALLY GOING TO BACKFILL

[00:05:10]

THE WORK OF THE PACK TO MAKE SURE THAT THOSE COMMITMENTS ARE ARE FULFILLED.

SO THE SHORT ANSWER IS THE MONEY IS ALL ESSENTIALLY GOING TO BE USED UP THE 112 FOR THE THE BOND LOCAL BOND AND THEN THE 24 AND WHATEVER MILLION FOR THE STATE MATCH WILL ALL END UP BEING USED UP.

AND IF THERE IS SOMETHING LEFT, IT'LL BE MINIMAL AT THIS POINT.

SO, YEAH, I MEAN, IF THE STATE MATCH DOES NOT KICK IN UNTIL IT'S A THEN B, THEN THAT'S A THAT'S A GIMME.

BUT I GUESS THEN IN THE END, THE FULL SCOPE OF THE BOARD WILL BE DELIVERED AND THE COMMUNITY WILL PAY 120 MILLION.

CORRECT. LET'S SEE, THAT'S THE BIGGEST CHECK.

SO, I MEAN, I JUST WANTED TO COME BY AND TELL YOU GUYS LIKE, JOB WELL DONE.

WELL PLAYED. CONGRATULATIONS.

IT'S THE COST OF BUILDING MATERIALS HAS GONE THROUGH THE ROOF SINCE WHENEVER THIS WAS ESTIMATED.

WHATEVER THEY THOUGHT THE MATERIALS WERE GOING TO COST THREE YEARS AGO.

AND WHATEVER THE PREDICTION WAS FOR ESCALATION, I'M PRETTY SURE REALITY WAS SIGNIFICANTLY HIGHER.

AND AS A GUY THAT HAS TO BUY THINGS FOR INDUSTRY, JUST TRYING TO BUY RUBBER BANDS THIS YEAR FELT PAINFUL.

SO I JUST WANT TO SINCERELY JUST WANTED TO COME BY AND SAY, WOW, IT LOOKS AMAZING.

AND THEN ALL OF THE ALL THE DETAILS BEHIND IT TO PAY FOR IT AND KEEP IT ON SCHEDULE.

I KNOW HOW HARD THOSE THINGS ARE TO.

ALL RIGHT. WELL, THANK YOU FOR COMING.

THANK YOU. WELL, I WOULD JUST LIKE TO ADD, IT'S NICE TO GET SOME POSITIVE FEEDBACK.

AND BEING THE ATHLETIC DIRECTOR, WE HAVEN'T HOSTED A TRACK MEET THERE IN OVER TEN YEARS AND WE OWE OUR CONFERENCE NUMEROUS TRACK MEETS. AND SO THE ABILITY FOR US TO BE ABLE TO DO THIS AND DO IT IN A FIRST CLASS WAY, I THINK IT'S AN OPPORTUNITY AND WE ARE GOING TO BE HOSTING THE CONFERENCE TRACK MEET FOR THE NEXT TEN YEARS PROBABLY.

SO WE REALLY LOOK FORWARD TO THAT.

AND WE OWE EVERYBODY.

WE OWE THEM. SO GOOD.

ALL RIGHT. ANY OTHER KIND OF CONVERSATIONS FROM PUBLIC COMMENT HEARD OVER THE LAST DISCUSSED OVER THE LAST MONTH THAT WARRANTS. SHARING AT THIS MOMENT.

IF NOT, WE WILL MOVE ON.

AND TO UNFINISHED BUSINESS AND PUBLIC COMMUNICATION, WHICH BRIAN TOUCHED ON A LITTLE BIT, BUT IT

[3. UNFINISHED BUSINESS]

SHOULD BE UPDATED AND THE DASHBOARDS AND SCHEDULES IN HERE PACKET SEEMS TO GET BIGGER AND BIGGER.

LET'S SEE. WE DID BUMP OUR THAT FINISH DATE OUT TO DECEMBER, SO THAT'S GOOD.

AND THEN.

I DID HAVE ONE QUESTION ON THAT.

YOU KNOW, ORIGINALLY WE WERE GOING TO MOVE THE STUDENTS IN FALL OF 23.

WE ACTUALLY HAVE BEEN OCCUPYING MOST OF THE SCHOOL SINCE THE BEGINNING OF THIS YEAR.

AND I WONDERED ON THAT PICTOGRAM IF RIGHT NOW IT READS SCHOOL OPENS.

AND I WONDERED IF THAT SHOULD REALLY BECAUSE SCHOOL IS ALREADY OPEN, THIS FACILITY IS IN USE.

I WONDERED IF THAT REALLY SHOULD READ CTE OPENS CTE WING OPENS.

JUST BECAUSE I DIDN'T WANT TO GIVE THE PERCEPTION THAT IS NOT OPEN.

WE'RE NOT FINISHING ON TIME.

WE'VE ACTUALLY MOVED THEM IN AND GRADUATED AN ADDITIONAL CLASS WITHIN THAT FACILITY.

SO CERTAINLY WE'RE FINISHING ON TIME.

BUT I JUST WONDERED IF WE SHOULD CHANGE THAT LANGUAGE OR IF IT DOESN'T REALLY MATTER.

I'M NOT SURE. SO.

I MEAN, I WOULD PROBABLY CHANGE IT TO SCHOOL.

COMPLETE SCHOOL COMPLETE IF YOU'RE GOING TO CHANGE IT.

OKAY. YOU KNOW.

TO BE HONEST, I DON'T EVEN KNOW IF I EVER READ IT.

SCHOOL OPENS.

[00:10:03]

I KEPT WATCHING THE GREEN DOLLAR SIGN GET BIGGER.

WHAT ABOUT WOULD YOU SAY PROJECT COMPLETE.

GREAT. WASN'T REALLY GOOD.

NOT GOING TO BE COMPLETE, THOUGH, DECEMBER, IS IT? BECAUSE THEY'RE GOING TO TEAR DOWN THE OK.

I DON'T KNOW. I JUST SAY PROJECT COMPLETE WELL CAN ACCOMPLISH WHAT I THINK HE WANTS TO ACCOMPLISH.

WHY CAN WE PUT TWO RIBBON CUTTINGS, ONE THERE THAT SAYS ACADEMIC WING OPEN THEN THE FINAL SCHOOL COMPLETE OR CTE LIKE YOU SAID, CTE OPEN.

WELL, I THINK IF WE ADD SOMETHING TO IT, IT LOOKS RETROACTIVE, WHICH SEEMS I'M HAPPY TO LEAVE IT THE WAY IT IS.

I JUST I'M FINE WITH LEAVING IT THE WAY IT IS.

YEAH. MY THOUGHT WAS, IF YOU CHANGE ANYTHING, YOU JUST CHANGE IT TO, YOU KNOW, PROJECT COMPLETE.

YOU KNOW, SCHOOL COMPLETE.

IT'S CALLED THE PROJECT DASHBOARD.

FERNDALE HIGH SCHOOL. YEAH.

ALL RIGHT. I DON'T CARE.

IT DOESN'T REALLY MATTER TO ME.

I MEAN, IF WE'RE BEING REAL PICKY, THE PROJECT IS TECHNICALLY PROBABLY NOT GOING TO BE COMPLETE AT THAT DATE, BUT SCHOOL WILL BE OPEN, AND THEN THERE WILL BE A MONTH WORTH OF PUNCH LIST AND BALANCING AND COMMISSIONING AND CLOSE OUT AND.

SUBSTANTIAL COMPLETION.

YEAH, WHATEVER. SO DOES CSG USE THIS DASHBOARD FOR ANY OTHER SCHOOL DISTRICTS? I DON'T KNOW. I WOULD MY INCLINATION IS JUST TO LEAVE IT THE WAY IT IS.

IT'S BEEN THAT WAY SINCE THE BEGINNING.

HAS ANYBODY HAD ANY QUESTIONS OR ISSUES ABOUT IT EVERY DAY.

HE JUST POPPED INTO MY HEAD WHEN I WAS ASKING THEM TO ADJUST IT.

SO YEAH, I'M EITHER WAY, IT'S PROBABLY EASIER TO LEAVE IT AS IT IS RIGHT NOW.

DONE THIS WAY FOR FOUR YEARS AND A WEEK.

YEAH, FAIR ENOUGH. THE OTHER QUESTION I HAD IS IT LOOKS LIKE WE'RE TRACKING.

ALL OF THE CDC CONTROL STUFF.

IS THAT STILL OR IS THAT KIND OF SHIFTED OUT? OR IS THAT TRACKING ON FOR THE HVAC CONTROL? SORRY, THE DISTRICT OFFICE CENTRAL CASCADIA THAT WE'RE HOLDING OUR SCHEDULE, THAT SAME SCHEDULE THAT I DISTRIBUTED BEFORE.

WE'RE STILL ON THAT SAME SCHEDULE.

SO I HAD A PRETTY SIGNIFICANT MEETING WITH TWO ATTENDEES THIS MORNING AND WE COVERED THAT GROUND.

ALL RIGHT. ANY OTHER PUBLIC COMMUNICATION STUFF? I'M GONNA GO OUT ON A LIMB AND SAY WE'RE PROBABLY NOT GOING TO DO ANOTHER PIONEER DAYS OLD SETTLERS WEEKEND THING THIS YEAR.

I MOVE WE DON'T DO THAT.

OKAY. THAT WOULD BE MY THOUGHT AS WELL.

SOMEBODY WANTS TO DO IT.

I MEAN, IT'S ALMOST DONE.

THIS IS WHAT IT IS. THERE'S NOT A TON TO SHARE THAT THE PUBLIC CAN'T HAVE.

THEY CAN SEE WHAT GENERAL ACCESS TO AT THIS POINT AND CERTAINLY GREAT TURNOUT AND INTEREST IN OUR BOOTH LAST TIME OUT AS WELL. OKAY.

ALL RIGHT. ANYTHING ELSE BEFORE WE MOVE ON? ON PUBLIC COMMUNICATION, UNLESS THE SCHOOL DISTRICT WOULD LIKE TO DO SOMETHING WITH THAT.

WE'RE GOOD. ALL RIGHT.

FOLLOW UP FROM LAST MONTH INVESTMENT EARNING REPORT.

SO WE WENT BACK THROUGH THE I WENT BACK THROUGH THE MINUTES BECAUSE I WASN'T EXACTLY SURE THE CONTEXT OF THE QUESTION AND WE COULDN'T FIND A REAL GOOD ON THE VIDEO.

WE DIDN'T GET A REAL CLEAR UNDERSTANDING OF WHAT THE QUESTION WAS.

SO I DON'T HAVE ANY KIND OF A FORMAL REPORT TO PROVIDE BACK BECAUSE I WASN'T EXACTLY SURE WHAT THE SPECIFIC QUESTION WAS THAT WE WERE TRYING TO ANSWER.

I THINK THE QUESTION WAS AROUND LIKE HOW MUCH HAS BEEN EARNED AND VAGUELY WHAT PERCENTAGE RATE.

[00:15:03]

IT WAS A LITTLE OVER $2 MILLION, AND I'D HAVE TO LOOK SPECIFICALLY AT THE RATE.

IT'S, I THINK YOUR EMAIL TODAY KIND OF REFERENCES THE IT'S THE COUNTY INVESTMENT POOL.

OKAY. DO YOU WANT TO JUST GET A FORMALIZED NUMBER OR SOMETHING NEXT MONTH? JUST KEEP IT ON THE OLD BUSINESS AND I DON'T KNOW.

YEAH, THAT'S WE CAN, IF THAT'S THE QUESTION, WE CAN PULL A TOTAL AND GET AN AVERAGE INTEREST RATE OVER THE COUPLE OF THE LAST FEW YEARS.

THE LAST THREE MONTHS OR THREE MONTHS.

YEAH. OKAY. OKAY.

WAS THAT, WAS THAT BUDGETED INTO THE OVERALL PROJECT BUDGET? YES. SO IF YOU REMEMBER, WE SOLD SOME OF THE BONDS A LITTLE EARLIER THAN WHAT WE ORIGINALLY PLANNED TO EARN MORE INTEREST BECAUSE WE WERE COUNTING ON THAT TO HELP BRIDGE THE GAP ON THE BUDGET SHORTFALL.

SO THAT WAS VERY INTENTIONAL TO MAXIMIZE THOSE DOLLARS.

SO IF YOU COULD JUST MOVE YOUR MIC CLOSER WHEN YOU'RE SPEAKING.

OKAY. BECAUSE I COULDN'T HEAR ANY AUDIO FROM YOU.

OKAY. YOU HAVE SUCH A CALMING VOICE THAT JUST FADES OUT.

ALL RIGHT. NEXT ITEM IS OUR REPORT.

I GOT TO GO SPEAK TO NEXT WEEK, SO I GOT A DRAFT TOGETHER, WHICH IS IN NO MEANS FINAL.

SO AND THEN IN SOMEWHAT NEED OF KIND OF SOME ADDITIONAL DISCUSSION TONIGHT, EVEN AFTER THIS DISCUSSION ABOUT THE REPORT TO FINALIZE.

BUT SANDY, I KNOW YOU HAD A COUPLE THINGS YOU WANTED TO KIND OF ADD OR ASK QUESTIONS ABOUT AND POSSIBLY ADD. AND THEN IF ANYBODY ELSE HAS ANY COMMENTS OR, YOU KNOW, ITEMS THAT THEY FELT WERE OF VALUE IN THE PAST, I THINK IT'S BEEN FIVE MONTHS OR MAYBE SIX MONTHS.

YOU KNOW, FEEL FREE TO LET ME KNOW AND I'LL MAKE SOME NOTES AND TRY TO GET AN UPDATED COPY PUT TOGETHER IN THE NEXT COUPLE OF DAYS OFF TO TAMMY SO THAT SHE CAN GET IT TO THE BOARD AND ON AND ON.

SO I'LL STOP TALKING.

YOU ALREADY EMAILED YOUR COMMENTS; RIGHT.

YEAH. AM I SUPPOSED TO TALK? I DON'T KNOW. YEAH, GO AHEAD.

AND I MEAN, IF YOU ONLY SEND THEM TO ME AND.

YEAH, I JUST ASKED FOR INVESTMENT EARNINGS AMOUNT THAT WE HEAR FROM MARK AND THEN COMPARE IT TO THE STATE OF WASHINGTON TREASURER'S OFFICE USES I MONEY NET AS THEIR PERFORMANCE MEASURE TO KIND OF MAKE SURE THAT THEY'RE TRACKING ALONG AND THE SCHOOL DISTRICT INVESTS WITH WALKING COUNTY.

SO I THINK IT'D BE GOOD FOR THE BOARD AND THE CITIZENS TO KNOW WHAT THE RATE OF RETURN WAS.

INVESTMENTS. THE SECOND THING WAS CSG'S DESIGNING A MAINTENANCE DATABASE.

YOU KNOW, WE'VE HEARD MAINTENANCE COSTS.

BUDGETS FOR THE DISTRICT ARE NOT EXPECTED TO DECREASE.

BUT HAVING A PLAN AND A DATABASE, NOT HAVING THOSE PAPER WORK ORDERS.

AND THEN CSG WILL BE HELPING THE DISTRICT DURING THE STATE AUDIT.

AND SINCE CSG WAS THE ONE THAT APPROVED THE INVOICES FOR PAYMENT, CSG IS ALSO THE ONE THAT DID ALL THE BIDS.

BITTER CONFERENCES AND THINGS.

SO IF I WAS A BOARD MEMBER RESPONSIBLE FOR APPROVING WARRANTS AND CLAIMS, YOU KNOW, I'D WANT TO KNOW WHO'S GOING TO BE THERE IF THERE WAS A QUESTION. THE SCHOOL DISTRICT PROBABLY MIGHT HAVE HALF OF ITS BOARD TURNING OVER IN NOVEMBER OR MORE.

WE JUST. THREE, THREE, THREE.

OKAY. THREE POSITIONS.

AND SO NEW PEOPLE COMING IN, NOT HAVING A REALLY GOOD IDEA OF HISTORICAL ITEMS. THESE WOULD BE COMFORTING FOR ME IF I WAS A BOARD MEMBER TO KNOW TO KNOW THOSE PIECES.

THE DECEMBER BOARD MEETING ASKED US FOR A TIMELINE FOR A GROUP AND SAID THAT BONDS IN THE FUTURE SHOULD INCLUDE THIS TYPE OF ADVISORY COMMITTEE. AND WITH THOSE THREE POSITIONS TURNING OVER, I'M NOT SURE THAT THE WORK SESSION THAT THEY SUGGESTED WOULD BE THE BEST USE OF OUR

[00:20:02]

TIME, BUT DEFINITELY IMPROVING THE BYLAWS OR THE GC5 POLICY.

THOSE WOULD BE TWO BIG LEGACY DOCUMENTS WE COULD LEAVE.

AND THEN THE LAST THING I'D LIKE TO SEE ADDED WAS THE 2006 BOND EXPIRES THIS YEAR.

AND SO THIS WOULD BE THE ONLY BOND I BELIEVE WE'RE PAYING FOR.

MIGHT BE. SO I LOOKED UP THE TAX BOOKLET AND IT WAS A LOT LESS THAN WHAT I THOUGHT IT WOULD BE.

SO I DON'T THINK I HAVE THE CORRECT NUMBER THERE.

BUT YOU DO.

OH, NO KIDDING.

OH, MY GOSH. YOU GUYS.

I WOULD HAVE THAT ON THE FRONT.

PROPERTY VALUE INCREASES BY 45%.

WELL, YEAH, BUT THAT'S THE DENOMINATOR IN THE EQUATION.

AND IF IF THE LOCAL GOVERNMENTS DON'T INCREASE BY 47%.

I KNOW WHAT THE BONDS ARE. FIXED AMOUNT DIVIDED BY THE RATE.

YEAH. SO THAT'S GREAT.

I WOULD TOTALLY ADVERTISE THAT.

SO THE PROPOSITION HAD A $1.66 PER $1,000 OF HOUSE ASSESSED VALUE AND THE TAX BOOKLET HAS 0.9735.

THAT'S INCREDIBLE.

SO IF I WAS YOUR BOARD OF DIRECTORS, I'D WANT TO KNOW THAT PIECE, TOO.

DON'T WE WANT TO REPLACE THAT BOND WITH ANOTHER BOND? YES. INSTEAD OF I MEAN, INSTEAD OF GIVING THAT MONEY BACK.

I MEAN, THAT'S NOT GIVING BACK.

IT'S LIKE RILEY SAID, IT'S THE SAME.

WE'RE COLLECTING THE SAME AMOUNT.

SO THE TOTAL DOLLARS COLLECTED IS THE SAME.

IT'S JUST DIVIDED BY A BIG NUMBER.

RIGHT. SO YOU'RE WHAT I'M TRYING TO SAY IS, OH, SANDY SAID THE 2006 BOND EXPIRES.

BASICALLY, IT GETS PAID OFF. IS THAT WHAT WE'RE SAYING? RIGHT. DON'T WE NORMALLY WANT TO JUST FIND A NEW BOND TO REPLACE THAT WITH? I THINK THE WAY IT WAS STRUCTURED WAS WAS IT WAS LOW, LOW PAYMENTS EARLY.

AND THEN WHEN THAT ONE FALLS OFF, IT BASICALLY THIS BOND ACTUALLY BACKFILLS BACK FEEDS BACK TO THAT SAME LEVEL AS THE TWO TOGETHER.

THAT WAS KIND OF ONE OF THE I HATE TO SAY SALES PITCH BECAUSE I MEAN, IT WAS A WAY TO MAKE IT.

IT WAS A WAY TO STABILIZE THE TAX RATE.

YES, EXACTLY. SO IT WAS A WAY OF KEEPING IT FROM SPIKING.

SO WE BASICALLY STRUCTURED IN A WAY THAT WE WERE PAYING ON THE 2006 BOND AND LESS ON THE ON THE NEW BOND WHEN THIS ONE FELL OFF.

BASICALLY, WE'RE PAYING MORE ON THE ON THE NEW BOND THAT EQUALED THE SAME AMOUNT.

BUT THE RATE HAS JUST GONE DOWN DRAMATICALLY BECAUSE OF THE INCREASE IN PROPERTY VALUES.

AND IDEALLY, I MEAN, IN AN IDEAL WORLD IN TERMS OF OF REVENUE STREAMS, YEAH.

THE BEFORE YOU WENT FROM $1 TO 66 TO 97, YOU WOULD FILL THAT IN WITH SOMETHING ELSE TO GET IT BACK TO $1.66.

YEAH, THAT'S NOT HAPPENED, OBVIOUSLY.

SO OKAY.

WE ONLY HAD A CAPITAL PROJECTS LEVY IF WE ONLY HAD A PLAN FOR THE NEXT GENERATION OF DEBT.

SO MY QUESTION TO YOU, SANDY, WAS HOW I CAN FIT IN THE THE TIMELINE FOR OUR WORK, FOR OUR COMMITTEE AND KIND OF LIKE THE TRANSITION CONVERSATION OR STUDY SESSION OR WHAT THE BOARD WOULD LIKE FOR US FROM A PIECE, I CAN FIT THAT INTO THE FOLLOW UP COMPONENT OF THE REPORT BECAUSE THAT IS A FOLLOW UP ITEM FROM LAST MONTH.

I DON'T KNOW IF IT'S REALLY WITHIN OUR REPORT TO OR HOW TO FIT IT INTO OUR REPORT AS FAR AS THE BOND RATE PIECE GOES.

AND I CAN FIT THE INTEREST RATE.

I THINK I CAN FIT THE INTEREST RATE IN.

COMPONENT INTO KIND OF HOW WE'RE DISCUSSING BUDGET AND BREAKDOWN.

WELL, AS WE MAY BE ABLE TO HELP WITH THAT IN TERMS. SO WE'RE GOING TO BE GOING THROUGH THE FINALIZATION OF THE BUDGET PROCESS WITH THE BOARD.

THAT NUMBER IS GOING TO COME UP.

AND AS WE TALK ABOUT LEVY, THE PP&O LEVY GOING FORWARD, WE'RE GOING TO BE TALKING ABOUT THAT RATE AS WELL.

SO IT'S GOING TO GET IS THAT DOES THAT GO UP IN FEBRUARY WITH THE REST OF THE COUNTY? THIS YEAR OR SO? IT'S GOING TO BE A SUBJECT OF CONVERSATION AS WE MOVE FORWARD.

MAYBE MAYBE WE SHOULD HAVE THAT STUDY SESSION BEFORE THE BOARD CHANGES OVER.

THE BOARD'S GOING TO CHANGE OVER IN NOVEMBER, RIGHT? WELL, YEAH, WE'RE PRETTY CLOSE.

I'M JUST SUGGESTING THE ELECTIONS IN NOVEMBER AND THEN AFTER THE FIRST OF THE YEAR, IT'S THE FIRST BOARD MEETING AFTER THE ELECTION IS CERTIFIED.

[00:25:04]

SO I'D HAVE TO LOOK AT THE DATE.

IT COULD VERY WELL BE NOVEMBER.

OKAY. THIS YEAR WAS THE SAME MONTH AS THE ELECTION.

SO DEPENDING ON THE DATE OF THE MEETING, EITHER BE NOVEMBER OR DECEMBER.

I MEAN, WE CAN HAVE THAT. MY THOUGHT IS.

IT'S IN OUR BEST INTEREST, THE COMMUNITY'S BEST INTEREST TO RELAY TO THE PEOPLE THAT ARE GOING TO BE IN THOSE POSITIONS FOR THE NEXT HOWEVER LONG.

I MEAN, I'M NOT OPPOSED TO RELAYING TO THE BOARD THAT'S THERE AND MAYBE IT'S ALL THE SAME PEOPLE, MAYBE IT'S TWO OF THE THREE OR WHATEVER.

BUT I DON'T KNOW.

I THINK THERE'S A VALUE IN GIVING THE NEW GROUP.

IF THERE IS A NEW GROUP, THE INFORMATION, BECAUSE THEY'RE GOING TO BE THERE FOR THE NEXT.

WELL, THERE'S ANYBODY THERE STILL ON THE BOARD.

WHEN WE STARTED THIS COMMITTEE, KEVIN, KEVIN, KEVIN WOULD BE THE ONLY ONE.

SO IT WOULD BE PROBABLY BE BETTER TO HAVE NEW PEOPLE CAUGHT UP IN A WORK SESSION.

AFTER. YEAH, I MEAN, IT'LL GET DISCUSSED AT THE MEETING SO WE CAN KIND OF AND THEY'LL PROBABLY, MY GUESS IS THEY'LL PROBABLY HAVE AN IDEA BUT WANT TO WAIT UNTIL THERE'S.

SOME THE OTHER CLARITY.

OTHER KIND OF JUST THINKING ABOUT THAT A LITTLE BIT.

AND THAT QUESTION KIND OF SPARKED THE THOUGHT.

BY THE TIME ANOTHER BOND COMES UP, THERE COULD BE A WHOLE NOTHER GOVERNING BODY IN CHARGE OF THE ORGANIZATION.

SO I THINK THE IMPORTANT PART OF THE WORK IS PROBABLY YOU GUYS HAVING THE DISCUSSION AND MAKING YOUR RECOMMENDATIONS AND THEN PRESENTING IT TO THE BOARD, WHOEVER THAT IS, BECAUSE THEN WE CAN READ IT INTO THE RECORD AND IT'S THEN PART OF THE DOCUMENT GOING FORWARD.

SO IF IT'S TWO YEARS, FIVE YEARS, TEN YEARS BEFORE WE ACTUALLY RUN ANOTHER BOND, YOU KNOW, THAT INFORMATION IS THERE IN THE IN THE RECORD TO BE PULLED OUT AND USED, EVEN IF IT'S 2 OR 3 DIFFERENT BOARDS FROM NOW.

THAT'S WHAT I WAS KIND OF GETTING AT, IS THAT MAYBE IT'S THE LEGACY DOCUMENTS LIKE THE JC FIVE POLICY AND THE BYLAWS, IF WE CAN GET THAT SUPER SKINNY BECAUSE WE JUST TOOK THE CALIFORNIA SCHOOL DISTRICT MODEL AND WENT FROM THAT SO WE CAN GET THOSE TWO THINGS REALLY SKINNY.

I JUST DON'T KNOW HOW A WORK SESSION IS REALLY GOING TO BE PRODUCTIVE FOR THEM.

WELL, RIGHT INTO THE REPORT I WANT TO DISCUSS NEXT WEEK.

I THOUGHT THE REPORT WAS REALLY GOOD, THOUGH.

REALLY? I'LL UPDATE SOME NUMBERS BASED ON THE CONVERSATION OR THE PACKET TODAY.

I'LL GET YOU THE INTEREST RATE INFORMATION SO YOU CAN PUT IT IN FOR YOU DOING THAT.

SO NEVER MIND. YEAH, I'LL MAKE A NOTE OF IT THAT.

IF YOU HAVE THE INFORMATION I'LL GET YOU THE INFORMATION SO YOU CAN INCLUDE IT.

PERFECT. YEAH, BECAUSE I THINK I WAS GOING TO I'LL INCLUDE IT KIND OF IN THE I KIND OF HAVE A TOPIC TO KIND OF COVER THE, THE BIG PICTURE CONTINGENCY BUCKET THAT WE'VE KIND OF BEEN TALKING ABOUT FOR THE LAST FEW MONTHS IS THE PROJECT CONTINGENCY NUMBERS ARE GONE NOW.

SO I THINK I'LL TALK ABOUT IT IN RELATION TO THAT.

THE REASON I ASKED ABOUT THE $2 MILLION INVESTMENT REVENUE WAS BECAUSE THIS IS REALLY 105 PLUS 20 PLUS TWO, RIGHT? THIS IS THIS THIS NUMBER UP ON TOP OF THE DASHBOARD.

AND THE $2 MILLION IS REALLY WHAT'S COVERING THE PAC NOW, IT SOUNDS LIKE.

IT'S ALL THE SAME BUGS.

YEAH, I MEAN, THE DOLLAR AMOUNTS THE SAME.

SO WHETHER IT'S THOSE DOLLARS OR.

YEAH, YEAH, YEAH.

IF IT'S COVERING THE PACK.

LIKE MARK SAID, IT'S ONE BIG BUCKET, SO WE GOT TO PAY FOR EVERYTHING OUT OF THAT BUCKET.

SO, NO, I KNOW.

MY POINT WAS WHY HIS RESPONSE?

[00:30:01]

BUT WE DON'T KNOW IF THE PACK IS PAID FOR YET OR NOT.

WE'LL FIND THAT OUT LATER IN THIS MEETING AFTER THE BREAK.

ALL RIGHT. ANY OTHER COMMENTS, QUESTIONS, ADDITIONS, SUBTRACTIONS, WHATEVER ON OUR REPORT. LOOKS AWESOME.

GREAT. ALL RIGHT.

MOVING ON.

UPDATE ON. BOND RELATED SPENDING CAN DO,

[4. NEW BUSINESS]

I GUESS THE EXPENDITURE DEAL AND THEN PROBABLY JUST ROLL INTO THE PACK.

YEAH. SO THE EXPENDITURES AS OF THE FIVE, 1023 WAS THAT 102,000,541 283 NOTICE ON YOUR CASH FLOW ANALYSIS CHART, WE'RE STILL VERY CLOSE TO THE PROJECTED LINE.

SO AGAIN, ASTONISHED OUR CORNERSTONE, SO ACCURATE TO PREDICT ALL THAT.

BUT EITHER WAY, THAT'S REALLY GOOD.

WE JUST FINALIZED OUR NEXT APPLICATION TODAY SO.

AND THE CONSTRUCTION MANAGEMENT REPORT THAT'S BEEN TRAINING ABOUT THE SAME.

THE ONE THING YOU WILL NOTICE MY.

THE ONE THING YOU'LL NOTICE ON THE MOTORIST CONTINGENCY THAT WENT DOWN BY ABOUT 100,000, WHICH IS IN THE RIGHT DIRECTION, THAT WAS AT 700,000.

BUT WE TOOK THE SAVINGS FROM THE OVER AND BACKFILL AT THE ABS SYSTEM AND PUSHED THAT BACK INTO THE CONTINGENCY, TOOK THAT PLACEHOLDER AWAY.

SO HAD TO PUSH THAT IN THE CORRECT DIRECTION BY 100,000.

SO OTHERWISE IT'S ALL TRENDING PRETTY MUCH WHERE IT WAS LAST MONTH.

SO. SO ANY QUESTIONS ON THAT? THE COST MANAGER REPORT.

CAN YOU JUST. I JUST I JUST DON'T KNOW THE ANSWER TO THIS.

ON THE CHANGE EVENT ON PAGE 1334334334.

IT'S THREE LINES OF 334 FOR SOUND SYSTEM IN ALL DIFFERENT VALUES.

WHAT'S THE STORY WITH THAT? WHAT WAS THAT? OH, SORRY.

PAGE ONE OF 24.

LIKE, I DON'T KNOW, THREE QUARTERS OF THE WAY DOWN THE SPAC SOUND SYSTEM.

THERE'S THREE SEPARATE LINES.

SO THE SOUND SYSTEM ITSELF WAS THE THREE, THREE, FOUR, WHICH WAS 150,000, AND THAT PAID FOR THE ACTUAL AUDIO VIDEO EQUIPMENT.

THE ACTUAL SYSTEM ITSELF, THE 334ON THE 55, THAT WAS KIND OF THE SUPPORT WORK.

AND I'M ACTUALLY CONFUSED ON WHY THERE'S ANOTHER THREE, THREE, FOUR NOW, WHICH IS ANOTHER HUNDRED THOUSAND.

SO I'LL HAVE TO LOOK INTO THAT.

ALL RIGHT.

I DON'T KNOW IF WE'RE JUMPING AHEAD OR NOT, BUT THE ON THE SAME LINE, SAME SHEET, 388, IT SAYS STAGE LIGHTING, DISTRIBUTION, ELECTRICAL SUPPORT.

THERE ARE 250,000.

THERE'S ANOTHER ONE, 575,000.

YEAH, I'M A LITTLE BIT CONFUSED BY THAT TOO, BRIAN.

OKAY, SO I'LL HAVE TO TALK TO CORNERSTONE.

I GOT BACK ON TO WORK ON THURSDAY AND IT CAME IN ON FRIDAY, SO I HAVEN'T EVEN LOOKED THROUGH THE COVER SHEET, SO.

OKAY. BUT THAT DOES SEGWAY US INTO THE PACK AND KIND OF THE DISCUSSIONS THAT HAPPENED WHILE I WAS GONE ON VACATION.

EXCUSE ME. SO I HAD HOPED PRIOR TO LEAVING THAT THE PRICING WHEN IT CAME IN HUNKY DORY AND WE WOULD HAVE HAD THAT COMPLETELY STITCHED UP BEFORE I LEFT ON VACATION.

TO MY DISMAY, IT WAS NOT.

MOST OF THE BUCKETS LOOK PRETTY GOOD, ACTUALLY.

[00:35:02]

SO WHEN IT CAME DOWN TO LIKE THE STEREO AND THE AUDIO VIDEO, THE STAGE CURTAINS, THINGS LIKE THAT, IT WAS ALL WITHIN A REASONABLE AMOUNT OF WHAT WE HAD PROJECTED.

AND THE ONE ITEM OF CONCERN WAS THE STAGE LIGHTING ITSELF.

AND THAT WAS JUST COMPLETELY BEYOND WHAT THE BUDGET WAS INDICATING, NOR WHAT WE FELT LIKE WE ASKED FOR.

AND SO WHILE IT WAS FINE, IT ACTUALLY HAD SOME SUBSEQUENT MEETINGS WITH THE VARIOUS CONSULTANTS, WITH SUBCONTRACTORS TO GET THAT STAGE LIGHTING NUMBER CLOSER TO WHAT REALITY SHOULD BE.

AND SO AND AS WELL AS IN THE MEANTIME, GETTING CORNERSTONE TO GO AHEAD TO START PURSUING THE STAGE CURTAINS, THE AUDIO VIDEO, STEREO. SO REALLY THE ONLY COMPONENT LEFT TO FINALIZE IS THE STAGE LIGHTING.

AND THEN THE OTHER THING THAT KIND OF CAME IN TODAY THAT WE'RE GOING TO TALK ABOUT AT A MEETING TOMORROW IS THE DOOR HARDWARE AND THE ADA UPGRADES FOR THE ONE BATHROOM THAT'S LEFT TO DO.

SO THAT PRICING LOOKS LIKE IT CAME IN PRETTY FAVORABLE.

AND SO WE HAD ORIGINALLY HAD A LINE ITEM OF 150 GRAND FOR THAT, AND THE HARDWARE WAS LOOKING AT AROUND 67,000 AND THE BATHROOM AND WHATNOT. SO HOPEFULLY IT WILL BE AHEAD ON THAT BY 40 OR 50 GRAND.

SO ANYWAY, SO, SO THAT'S KIND OF AN UPDATE ON THE PACK.

AND THEN I GUESS THE ONE THING THAT REALLY I WONDERED FOR YOUR PRESENTATION TO THE BOARD NEXT WEEK, MARK AND I TALKED ABOUT POTENTIALLY MAYBE HAVING A LITTLE SIDEBAR WITH YOU TOMORROW AS TO WHAT HOW DO WE NEED TO PACKAGE UP THE INFORMATION FOR YOU TO PRESENT TO THE BOARD? SO I THINK WE'RE REALLY CLOSE TO BEING ABLE TO DO THAT.

WE JUST LIKE I SAID, IT SEEMS LIKE YOU STILL KIND OF FLOATING OUT THERE.

I THINK THEY WERE SUPPOSED TO HAVE A NEW PRICING BY FRIDAY OF THIS WEEK.

RIGHT. I MEAN, TO BE, IF HE CAN GET IT ALL GREAT, I GUESS AND WE DON'T NEED TO SPEND THE ENTIRE TIME TALKING ABOUT THE FORMAT OF IT HERE.

I GUESS FROM MY PERSPECTIVE, FROM A REPORTING PIECE.

AND MARK, YOU TALKED TO THE BOARD EVERY MONTH ABOUT THE BOND, SO YOU'LL PROBABLY HAVE BETTER INSIGHT ON WHAT THEY WOULD LIKE OR WANT TO SEE.

BUT I WAS REALLY JUST LOOKING AT LIKE, OKAY, WE HAVE $2 MILLION ALLOCATED AND THEN WE'RE LOOKING WE YOU KNOW, WE'RE TRACKING RIGHT NOW TO HAVE X AMOUNT LEFT OVER FROM THE HIGH SCHOOL AND X AMOUNT FROM ADDITIONAL INTEREST FOR A TOTAL OF Y, WHATEVER, AND THEN THE LINE ITEMS OF WHATEVER.

AND IF THEY'RE NOT OFFICIALLY ALLOCATED YET, I MEAN, YOU CAN PUT AN ASTERISK NEXT TO, YOU KNOW, BUDGETARY, YOU KNOW, WRONG VALUE OR WHATEVER.

AND THEN THAT JUST ALLOWS ME TO EXPLAIN LIKE, HEY, WE HAD 2 MILLION SEISMIC UPGRADES COST X, Y, Z, BLAH, BLAH, BLAH, BLAH.

AND YOU KNOW, AT LEAST HAVE THEM LIKE SOMETHING THEY CAN LOOK AT AND WORK DOWN THE LIST IS THAT THAT'S HOW MY BRAIN WAS PERCEIVING, SUPPORTING IT.

I THINK THAT'S EXACTLY WHAT WOULD BE RIGHT.

AND THAT'S FRANKLY, I REALLY HAVE A NEW COMPUTER.

I'VE BEEN USING THE SAME TEMPLATE TO TRACK THAT.

SO WE'VE GOT ALL THE ORIGINAL BUDGET ITEMS AND THEN THE ADDITIONAL ITEMS WE'RE TRYING TO BE COOL.

AND THEN WHAT THE ACTUAL PRICING IS.

SO NOW WE ACTUALLY HAVE ACTUALS TO WHERE I CAN PLUG THAT IN.

SO WE SHOULD BE REALLY CLOSE ON STAGE LIGHTING.

SO I SHOULD BE ABLE TO AND THEN GIVE YOU SOME FORM OF THAT THAT YOU COULD USE.

OKAY. AND THEN JUST KNOWING HOW MUCH YOU'RE STILL HOLDING ON THE ON THE CTE SIDE.

RIGHT. THERE'S GOING TO BE CHANGES FROM HERE TILL DECEMBER OR SOME DEGREE.

SO WHAT YOU'RE STILL CARRYING ON THAT SIDE OF THE BUDGET AS WELL, RIGHT, BECAUSE THE PROJECT.

ESSENTIALLY THE PROJECT HELD CONTINGENCIES ARE EXHAUSTED AT THIS POINT WITH THE YOU KNOW, NOTWITHSTANDING TRANSFERRING SOME VALUES IN AND OUT.

RIGHT. BECAUSE THEY'RE STILL, WHATEVER, TWO PLUS MILLION DOLLARS KIND OF IN THAT WRONG BUCKET.

SO, YOU KNOW, I'M ESSENTIALLY GOING TO REPORT ON THE FACT THAT THE CONSTRUCTION CONTINGENCIES ARE EXHAUSTED ON THE REPORT.

WELL, LET'S TALK LET'S LET'S TALK ABOUT THAT MORE TOMORROW.

IF YOU RECALL, WE ARTIFICIALLY USED A NUMBER OF $3 MILLION AS OUR CONTINGENCY.

SO THAT SHOWS IN THE RED? CORRECT. THAT BUCKET IS ACTUALLY OVER 5 MILLION.

CORRECT. SO LET'S LET'S TALK ABOUT HOW TO PRESENT THAT.

[00:40:01]

AND WE GET THAT INTENTIONALLY TO NOT SEND THE WRONG IDEA TO CONTRACTORS AND GET A HANDFUL OF MONEY.

CORRECT. AND SO AND THAT'S BEEN RELAYED TO THE BOARD PREVIOUSLY.

RIGHT. LIKE EVERY TIME I I'VE GIVEN THE REPORT AND WALKED DOWN BECAUSE THEY GET THIS, THEY ESSENTIALLY GET THIS RIGHT.

AND I TALK TO THEM ABOUT IT AND BASICALLY GIVE THEM A RUNDOWN OF WHERE THINGS ARE SITTING AND THEN LET THEM KNOW THERE IS ADDITIONAL CONTINGENCY MONEY BEING HELD OUTSIDE OF THE GMP, THE CONTRACT WITH CORNERSTONE IN THE BOND DOLLARS.

BUT NOW THAT WE'RE MOVING INTO THE PARK THING, I'M TRYING TO LIKE, YOU KNOW, MELD THOSE TWO TOGETHER TO MAKE SURE THEY KNOW.

AND WE'RE COMFORTABLE WITH THE FACT THAT ALL THE WORK'S GOING TO GET DONE WITH ALL THE MONEY AND THAT IT'S ALLOCATED PROPERLY.

SO, I MEAN, THERE THERE'S 100 DIFFERENT WAYS TO GIVE THEM THE INFORMATION.

I JUST WANT TO MAKE SURE IT'S THE RIGHT INFORMATION.

HOWEVER, YEAH, I JUST [INAUDIBLE] SHOCKING IT BY SAYING THE FUNDS ARE ALL USED WHEN IN FACT WE STILL HAVE MONEY ALLOCATED TO GO TO THOSE DIFFERENT AREAS.

SO YEAH, I THINK YOU JUST THE WAY TO SAY IT, RIGHT.

BUT HE'S GOT A REPORT TO THE REPORT THAT HE'S BEEN SHARING AND IT SHOWS THE FUNDS EXHAUSTED SO IT'S APPROPRIATE TO INTRODUCE OR REINTRODUCE THE WE HAVE A LITTLE EXTRA CONTINGENCY OUTSIDE THAT ISN'T REFLECTED IN THE REPORT.

SURE. YEAH. SO ESSENTIALLY THE LANGUAGE I'VE USED REPEATEDLY IS THE SAME LANGUAGE THAT'S IN HERE RIGHT NOW WHERE I BASICALLY SAY THERE'S BUCKETS AND WE'RE CURRENTLY TRACKING AT WHATEVER.

SO THIS MONTH WE'RE CURRENTLY TRACKING THE -20% ON AND I'LL REDO THE NUMBERS ONCE, LIKE USE THESE NUMBERS.

BUT YOU KNOW, -20% OWNER RISK CONTINGENCY, ABOUT 5% ON CMDC RISK AND ABOUT 1% IN THE UNAWARDED FOR AN OVERALL BALANCE OF NEGATIVE WHATEVER OR POSITIVE WHATEVER, THERE'S STILL X AMOUNT OR AT THIS TIME I WROTE IT 3.5 WITHIN THE REALM ALLOCATIONS THAT MAY SEE SOME ADDITIONAL SAVINGS.

THERE'S ALSO ADDITIONAL CONTINGENCY FUNDING CARRYING OUTSIDE OF CORNERSTONE'S CONTRACT THAT'S YET TO BE ALLOCATED AND NOT REFLECTED IN THE PCO LOG.

BUT THIS IS. YEAH.

PCO LOG DASHBOARD.

AND THEN AT WHICH POINT I'D LIKE TO HAVE THAT SEPARATE REPORT THAT WE CAN TALK ABOUT TOMORROW TO KIND OF LIKE BACK FEED THAT INFORMATION. SO IT ISN'T LIKE, OH, WE'RE NEGATIVE.

WHAT DOES THAT MEAN? RIGHT.

SURE. SO. YEAH.

VERY GOOD. OKAY.

HE MAY ALSO HAVE ANY QUESTIONS ON THE.

THEY OPEN UP AROUND THE EDGES.

THEY'RE DOING A STRUCTURAL UPGRADE WORK.

IT GOT ME SHOTCRETE WALLS ON THE INTERIOR COMPLETED, WHICH IS PRETTY, PRETTY COOL.

MOST PEOPLE WON'T SEE THEM ACTUALLY THE FULL EXTENT, BUT THEY GO FULL HEIGHT LEFT AND RIGHT AT THE AUDITORIUM.

SO THAT WAS A PRETTY COOL LITTLE PROJECT.

YOU GET THEM SO. I GOT A QUESTION FOR YOU GUYS.

I NOTICED THEY STARTED TAKING UP THE PAVEMENT THERE IN THE EAST OF THE STUDENT PARKING LOT.

BETWEEN THE THE OLD CAFETERIA AND THE.

THEY'RE GOING TO TAKE IT OUT BETWEEN THE TENNIS COURTS AND THE PERFORMING ARTS CENTER.

IS THERE ANY CONCERN ABOUT THIS? WHAT YOU FIND UNDERNEATH THAT PAVEMENT IS PART OF ITS STRUCTURAL.

SO THAT'S JUST TO THE YOU SAID TO THE EAST OF WHERE? EAST OF THE PAVEMENT, WE'RE NOT TAKING OUT.

THAT IS, YOU KNOW, THE PARKING LOT THAT WE'RE NOT TAKING OUT AND THE WHERE THE CAFETERIA USED TO BE LOCATED.

ALSO KIND OF THE LANE THAT GOES THROUGH THERE.

YEAH, YEAH, YEAH.

THERE'S ALWAYS A CONCERN.

OKAY. SO WE'RE NOT COMPLETELY OUT OF THE WOODS YET ON THE STRUCTURAL.

NO, I MEAN, THE THE RISK FOR THEM BECAUSE WE'RE NOT PUTTING AS MUCH OVER, OVER THAT.

[00:45:08]

BUT YEAH, I MEAN ANYTIME YOU'RE DIGGING DIRT THERE'S CONCERN AS TO WHAT IS DOWN THERE.

KIND OF LIKE FINDING THE OLD OIL FROM THE TRANSFORMER.

I MEAN, YEAH, I'VE NEVER SEEN THAT IN 30 YEARS, SO.

I HOPE THEY SAY NO, BUT.

TO ANSWER MARK'S QUESTION NOW OR LATER.

WHAT'S THAT GOING TO ANSWER MARK'S QUESTION NOW? OR IS IT? YOU KNOW THE QUESTION ALREADY.

YOU ALREADY KNOW THE QUESTION.

JUST COME FROM GREECE.

LIFE IS GOOD. I HAVE NO PROBLEMS TO REPORT THIS MORNING.

AND I HAVE FAIR SHARE OF OUZO AND GREEK.

SO IT'S ALL GOOD.

EXCELLENT. I DID.

[INAUDIBLE].

A LITTLE BIT, ANYWAY. THAT'S THE ONLY PROBLEM I HAVE.

SO WHY DID YOU DO THAT? WHAT A SHOCKER.

HE COULDN'T SPEAK ENGLISH, AND WE TRIED TO COMMUNICATE THAT.

THAT HE WANTED TO STOP AT STARBUCKS TO GET A LATTE.

HE THOUGHT WE WERE JUST DROPPING HER OFF AND HE AND I WERE GOING TO CONTINUE ON.

AND SO WE DROPPED HER OFF AND OFF HE GOES.

WHERE ARE YOU GOING? HE'S LIKE, WE'RE GOING THAT WAY.

NO, WE'RE GOING TO STAY HERE AND HE'S GOING TO SPEAK ENGLISH.

SO I CLICKED ON MY PHONE AND I STARTED USING GOOGLE TRANSLATE AND I PULLED IT UP AND HE LOOKS AT IT AND HE NOW HE'S REALLY ANGRY.

AND THEN I QUICKLY ADD, I'LL PAY YOU EXTRA FOR THAT.

I LIKE THAT IS HIS DISPATCH GOES BERSERK WANTING TO KNOW WHY HE'S SITTING IN THE MIDDLE OF HELL AND NOT GOING ANYWHERE.

SO I GAVE HIM AN EXTRA €20 AND LIFE WAS GOOD.

SO EXCELLENT.

SO THERE WERE NO PROBLEMS OR MISHAPS WHILE YOU WERE GONE WITH THE PROJECT? NOPE. GOOD ANSWER, KEN.

THANK YOU.

ALL RIGHT. YOU WANT TO GO DOWN HERE THING? I'M GOOD ON THE.

I GUESS THE ONE THING I WOULD ADD TO WHAT YOU WERE TALKING ABOUT EARLIER, YOU KNOW, BEYOND FUNDING THE PROJECT, WE'VE ALSO PICKED UP EVERY ALTERNATE THAT ORIGINALLY WAS REQUESTED.

SO THAT WAS A REALLY BIG ACCOMPLISHMENT.

AND THEN IN ADDITION TO THAT, ADDING SOME ADDITIONAL ITEMS, THE DEMO OF THE CTE, I BELIEVE, BEFORE I WAS AROUND, MIGHT HAVE BEEN IN THE PROJECT AND IT WAS OUT OF THE PROJECT, BUT WITHIN THE ORIGINAL BUDGET, WE'RE ACTUALLY ALSO TRYING TO FUND THE DEMOLITION AND RESTORATION OF THAT CTE AREA JUST TO KIND OF CLEAN UP THE FACILITY.

SO, SO YEAH, SO PICK UP EVERY ALTERNATE, GET RID OF THE CTE, BASICALLY DOUBLE FROM THE PACK.

IT'S JUST A GREAT REFLECTION OF THE TEAMWORK ACROSS THE BOARD WITH THE CONTRACTOR, WITH THE DESIGN TEAM, WITH THE DISTRICT.

SO, SO ALL THE WAY AROUND, WITH ALL THE ESCALATION WE'VE HAD, IT HAS BEEN SHOCKING THAT WE'RE ACTUALLY PULLING THAT OFF.

I WOULD NOT HAVE ANTICIPATED BEING THERE, BEING AT THAT POINT.

SO. OKAY.

SO FERNDALE HIGH SCHOOL REPORT, COMMUNITY BUILDING, WE JUST IN EARNEST, GOT BACK IN AND STARTED TO TAKE CARE OF PUNCH LIST ITEMS. WE'RE STILL SITTING AT 75% COMPLETE AND THE ARCHITECT IS GOING TO BE BACK OUT IN JULY TO START HIS BACK PUNCH.

THE GOAL WOULD BE THAT ALL OF THIS WOULD BE COMPLETE BEFORE THE STUDENTS RETURN IN THE FALL.

COMMISSIONING IS GOING WELL, COMMISSIONING ENGINES ON SITE AGAIN THIS WEEK AND WE'RE AT ABOUT 89% COMPLETE.

HE'S KIND OF TWEAKING AND LOOKING AT WAYS WE CAN IMPROVE THE SYSTEM NOW THAT IT'S IN PLACE.

SO WE'LL BE HAVING SOME FOLLOW UP MEETINGS WITH THE ENGINEER AND THE MECHANICAL CONTRACTOR JUST TO SEE WHAT TWEAKS CAN BE HAD TO MAKE THE SYSTEM BETTER, WHICH IS ALWAYS A NICE OPPORTUNITY DURING THE COMMISSIONING PROCESS.

CONTRACTOR ONE OF THE AREAS THAT WE'VE ACTUALLY SUFFERED AS A COMMISSION AGENT WITH CSG IS THE COMMISSION AGENT ON THIS JOB.

[00:50:03]

THIS CONTRACTOR IS NOT READY, THE SUBCONTRACTORS AREN'T READY.

SOUND FAMILIAR? AND SO WORKED WITH CORNERSTONE TO TRY AND NOT HAVE THAT OCCUR ON THIS JOB.

AND SO FAR THE FEEDBACK I'VE GOTTEN FROM STEPHEN, WHO IS OUR COMMISSIONING AGENT, IS THAT CORNERSTONE AND THE SUBCONTRACTORS HAVE ACTUALLY BEEN READY WHEN THEY SAID THEY WERE GOING TO BE READY FOR HIM TO COME IN AND EFFICIENTLY DO HIS JOB.

AND FOR HIM IT'S ABOUT A FIVE HOUR DRIVE FROM VANCOUVER, WASHINGTON.

SO IT'S BEEN A REALLY GOOD PROCESS GOING SO FAR AND HOPEFULLY WE CAN GET THROUGH THE COMMISSIONING IN A POSITIVE WAY. SO ON THE CTE WING, THE ROOFING IS NOW COMPLETE.

THE MECHANICAL MEZZANINE HOUSE HAD ITS SLAB COURT, AND THE AIR HANDLING EQUIPMENT IS SCHEDULED TO BE INSTALLED LATER THIS MONTH.

MOST OF THE WALLS IN THE CTE WING ARE NOW FRAMED, MANY OF WHICH HAVE DRYWALL INSTALLED, INSTALLED HIGH ON THE WALL, ALLOWING FOR THE DUCTWORK, CAPACITY AND ELECTRICAL, MECHANICAL, PLUMBING AND FIRE SPRINKLER INFRASTRUCTURE IS NOW BEING INSTALLED IN ALL AREAS.

SO I DON'T KNOW IF YOU GUYS RECALL, BUT I KIND OF RAN A TANDEM SCHEDULE JUST TO KIND OF BACK CHECK HOW REALISTIC THE CONTRACTOR'S SCHEDULE WAS GOING TO BE.

AND WE ACTUALLY WERE PRETTY CLOSE TO THE SAME SCHEDULE WHERE THEY'RE BEATING UP THAT SCHEDULE PRETTY GOOD RIGHT NOW.

SO I NEED TO KIND OF GET OUT AND TAKE A LOOK AT WHERE THEY'RE AT.

BUT THEY MADE VERY GOOD PROGRESS AND I'VE BEEN PRETTY PLEASED.

WHEN I WALKED THROUGH LAST WEEK, I REALLY COULDN'T BELIEVE WHERE THEY WERE AT.

SO ALL THE FRAMING IS ALMOST DONE.

AND SO I'LL TAKE A LOOK.

MAYBE WE CAN PREDICT WHEN THAT TURNOVER IS GOING TO HAPPEN, BUT I WOULD LIKE TO SPEND SOME TIME KIND OF SCRATCH YOUR HEAD ON THAT.

BUT, YOU KNOW, AT THIS POINT, WE'RE STILL STICKING WITH THAT OCTOBER NOVEMBER DATE.

BUT I AM NOTICING THAT THEY'RE DOING A VERY GOOD JOB.

SO. THE FOOTBALL FIELD AREA.

FENCING AROUND THE GRANDSTAND IS PRIMARILY COMPLETE AND CREWS CONTINUE WORKING ON THE REMAINING FENCING AROUND THE NEW SPORTS FIELDS.

THE ASPHALT BASE FOR THE TRACK IS NOW INSTALLED AND READY FOR THE RUBBERIZED SURFACING, WHICH WILL OCCUR OVER THE MONTH OF JUNE AND JULY.

THE GRANDSTAND, PRESS BOX RESTROOMS AND CONCESSIONS ARE SUBSTANTIALLY COMPLETE AND ARE VERY CLOSE TO FINISHED.

THE LONG JUMP JAVELIN, DISCUS AND SHOT PUT AREAS HAVE ALL BEEN SEEING GOOD PROGRESS OVER THE LAST MONTH AND WILL BE COMPLETED OVER THE NEXT MONTH.

CTE VILLAGE [INAUDIBLE] IS ONGOING AROUND THE VILLAGE AND SHOULD BE COMPLETE IN JUNE.

SIDEWALK PARKING AREAS, BUS LOOP AND PARENTS.

STUDENT DROP OFF AREAS ARE NOW HAVING PREPARATIONS MADE FOR ASPHALT TO INCLUDE SIDEWALKS, CURBS, GUTTERS, ISLANDS, LIGHT POLES AND FINAL STORM WATER EQUIPMENT.

AND THE PACK OF REINFORCEMENT WALLS ON THE NORTH SIDE OF THE STAGE ARE NOW COMPLETE.

ROOFING HAS NOW BEEN ABATED, ALLOWING STRUCTURAL WORK TO BEGIN OVER THE AUDITORIUM AND DISTRICT STAFF ARE NOW SUBSTANTIALLY COMPLETE, WITH CLEANING OUT ITEMS IN THE CLASSROOM AREA, WHICH WILL ALLOW THE CONSTRUCTION WORK TO BEGIN.

AND I'M READING THAT LINE, MARK, WHILE I WAS GONE.

DO YOU WANT TO TALK ABOUT SOME OF THE OTHER ITEMS WE WERE TALKING ABOUT TACKLING IN THE PACK THAT YOU GUYS CAME UP WITH WHEN I WAS GONE? YEAH. SO ONE OF THE IF YOU RECALL, WAY BACK WHEN WE WERE TRYING TO DETERMINE WHETHER THE CARPET THAT HAD BEEN SELECTED LOOKED NICE. WE PUT IT IN THE CHOIR ROOM AS A DEMO TO SEE HOW IT HOW IT WENT.

WE REPLACED THE CARPET IN THE CHOIR ROOM AND IT HAD BEEN SCHEDULED TO GET NEW CARPET IN 503.

THE ROOM WAS THE GOING TO BE THE PHOTOGRAPHER OF THE THE FOYER THERE, BUT NOTHING HAD BEEN SCHEDULED IN THE BAND ROOM.

SO WE KIND OF DOUBLE CHECKED TO MAKE SURE THAT HADN'T BEEN INCLUDED.

SO IT WASN'T SO IT WAS OKAY, WELL, WE NEED TO REPLACE THE BAND CARPET.

SO THEN THE QUESTION CAME UP WHAT ABOUT THE OFFICES, THE PRACTICE ROOMS AND ALL THE, YOU KNOW, YOU GUYS HAVE BEEN IN THERE.

IT'S A CATACOMB OF LITTLE OFFICES AND NOOKS AND CRANNIES AND A BUNCH OF DIFFERENT ROOMS. SO AS WE WERE WALKING THROUGH TO IDENTIFY WHAT TYPE OF FLOORING WOULD BE APPROPRIATE, WE REALIZED THAT SOME OF THOSE ROOMS ARE IN PRETTY ROUGH SHAPE.

THE BAND ROOM IN PARTICULAR IS REALLY, REALLY ROUGH IN TERMS OF JUST BANGING INSTRUMENTS ON THE SHELVES AND, YOU KNOW, DECADES

[00:55:01]

OF HARD USE AND DEFINITELY NEEDS SOME PAINT NEEDS, SOME SHELVING REBUILT JUST TO MAKE IT LOOK LIKE IT ISN'T PART OF THE OLD HIGH SCHOOL STILL.

SO WE'RE EXPANDING SCOPE A LITTLE BIT TO TO KIND OF PUT A LITTLE LIPSTICK ON SOME OF THOSE AREAS BY PAINTING AND PUTTING IN SOME SOME NEW CARPET AND FIGURING OUT SOMETHING TO DO WITH THE INSTRUMENT STORAGE THAT WON'T COST AN ARM AND A LEG, BUT THAT ISN'T FALLING OVER. SO WE'VE EXPANDED OUR SCOPE A LITTLE BIT.

SO IT'S REALLY GOOD NEWS TO HEAR THAT WE MAY HAVE A LITTLE BIT OF FUNDING AVAILABLE VIA THE ADP BUDGET BECAUSE WE WERE NOT EXPECTING TO ACTUALLY ADD SCOPE AT THIS POINT, BUT IT REALLY DESPERATELY NEEDED TO NEEDED TO BE DONE.

SO YEAH, I MEAN, THERE'S AREAS WHEN YOU WALK IN THERE, THERE'S ALL KINDS OF HOLES PUNCHED IN THE CEILING AND JUST FOR REVIEW.

SO, SO CERTAINLY THOSE NEED TO BE FIXED UP A BIT.

SO. SO YOU SAID CSG IS THE COMMISSIONING AGENT.

WHAT DO OTHER SCHOOLS DO? DOES ANYBODY EVER HIRE LIKE A THIRD PARTY TO BE [INAUDIBLE]? YES. OKAY.

SO IS THIS UNUSUAL? NO. OKAY. IT'S LIKE 5050.

YEAH, A LITTLE BIT OF BOTH. OKAY.

SO IT'S A SERVICE THAT WE PROVIDE.

WE PROVIDE IT FOR A LONG TIME, BUT CERTAINLY THEIR PRIVATE INFORMATION.

SO. I WAS WONDERING ABOUT THE GYM FLOOR AND THE MAIN GYM.

I DON'T. I MEAN, ARE WE HAPPY WITH THE FINISH? HOW IT TURNED OUT? NO? OKAY. LET ME HAVE A WALK NEXT WEEK, TAKING A LOOK AT THAT.

IT SEEMS RECOMMENDATIONS COMING UP.

AND WE'RE GOING TO WALK IT NEXT WEEK AND WE'LL MAKE A DECISION ON THAT.

IT SEEMS LIKE ANYTHING LET ME KNOW.

IT SEEMS LIKE THE AUXILIARY GYM SURFACE LOOKS LOOKS LIKE IT'S BETTER.

OBVIOUSLY, IT'S NOT USED AS MUCH, BUT IT JUST, I DON'T KNOW, IT'S HARD TO BEAT.

SO WHEN YOU SAY THAT, WHAT DO YOU MEAN TO WALK THROUGH? IT'S GOING TO BE UNDER WARRANTY.

OR ARE YOU? MARK? YOU CAN TRIM IT, BUT FROM MY END, WE TOOK A WALK WITH THE INSTALLER AND EVERYONE INVOLVED IN PUTTING THE FLOOR IN THE ACCLIMATIZATION OF THE FLOOR, HOW THAT WAS, HOW THAT WENT ABOUT AND WHERE IT'S AT NOW.

AND WE'LL GET BETTER HERE IN THE NEXT YEAR.

AND WE'RE HOPING, BUT WE ARE ALSO LOOKING AT OPTIONS TO ADD TO THE FINISH AND IMPROVE IT.

SO WE'LL WALK IT, LOOK IT, LOOK AT IT AND.

AT WHOSE COST? SO THIS IS A CONCERN FOR ALL OF US.

AND SO WE ACTUALLY BROUGHT IN AN INDEPENDENT THIRD PARTY WHO REPRESENTS THE AMERICAN WOOD FLOOR ASSOCIATION OR WHATEVER THEIR TITLE IS ANYWAY.

SO HE'S ACTUALLY COME OUT AND DONE A FULL INVESTIGATION AND HE'S ISSUED A REPORT.

THAT REPORT CAME OUT RIGHT BEFORE I LEFT ON VACATION.

I HAVEN'T CAUGHT UP WITH ANYBODY ON HIS SENSE.

SO, MARK, PERHAPS YOU KNOW WHERE WE'RE AT ON SCHEDULE FOR THAT.

YEAH. SO LIKE ERIC SAID, SO IT KIND OF HIS REPORT WAS A LITTLE MORE VAGUE, A LITTLE LESS DEFINITIVE THAN WE WERE HOPING IT WOULD BE IN TERMS OF, YOU KNOW, HERE'S THE ANSWER, BUT IT LOOKS LIKE THERE'S A LOT OF LITTLE PIECES THAT THAT SOME OF THEM WARRANTY ISSUES, SOME OF IT MAY BE JUST WEAR AND TEAR ISSUES BECAUSE OF OF SOME MAYBE SOME INSTALLATION THINGS, MAYBE SOME SOME MAINTENANCE ISSUES.

SOME OF IT JUST THE NATURE OF THE FLOORING AND THE WEATHER.

AND IT'LL CHANGE OVER TIME.

SOME OF IT MAY BE A QUALITY OF INSTALL.

SO THIS HAS BEEN A VERY LONG ONGOING PROCESS WITH A LOT OF DIFFERENT PEOPLE.

BUT WHAT ERIC IS TALKING ABOUT THE WALK THROUGH THE INSTALLER IS ACTUALLY COMING UP AND GOING TO GO THROUGH WITH CORNERSTONE AND THE REPORT AND IDENTIFY ALL THE ISSUES THAT WERE FOUND IN THE FLOOR, WHETHER IT BE THE PANELING, THE CUPPING OR JUST THE STRIPING AND THE QUALITY OF THE FINISH AND DETERMINE WHAT NEEDS TO BE DONE TO FIX IT AND WHAT IS WARRANTY ISSUE VERSUS THE WATER BASED FINISH CAUSES SOME OF IT.

SO THERE MAY BE SOME EXPENSE TO US.

[01:00:01]

THERE WILL BE SOME WARRANTY ITEMS AND I DON'T KNOW IF THERE'S ANYBODY ELSE THAT'S IN LINE TO TO PAY FOR PART OF THE ISSUES EITHER.

BUT IT'S BEEN AN ONGOING ISSUE FROM WELL, SINCE IT WAS REALLY INSTALLED.

SO [INAUDIBLE], ONE OF THE THINGS THAT EVERYBODY'S PUSHING TOWARDS GREENER, MORE ENVIRONMENTALLY SENSITIVE MATERIALS.

AND SO THIS WAS THE FIRST ONE TO BE FINISHED THAT I'VE EVEN BEEN INVOLVED WITH.

SO WE HAD EXACTLY THE SAME GUY DO SEAHOLM AND SEAHOLM TURNED OUT BEAUTIFUL.

THAT WAS THE OLD SCHOOL STUFF.

THE GOOD STUFF THAT MAKES YOUR NERVES TINGLE WHEN YOU PUT IT DOWN, RIGHT? AND BUT NOW THEY USE THE WATER BOARD, WHICH IS A COMPLETELY DIFFERENT PRODUCT, WHICH I THINK CAUGHT EVERYBODY OFF GUARD, INCLUDING THE DESIGN TEAM.

BUT WHEN YOU LOOK AT LIKE THE MSSP, THE SUSTAINABILITY PROTOCOL FOR WASHINGTON FOR SCHOOLS, YOU KNOW, THEY'RE PUSHING EVERYBODY IN THIS DIRECTION TO USE WATERBORNE FINISHES, LOW VOCS.

AND SO THAT'S WHERE THIS KIND OF ORIGINATED FROM WAS TO MEET THOSE STANDARDS.

BUT IF YOU WANT TO SEE FULLER COMPARED TO THIS FLOOR, IT'S PRETTY DRAMATICALLY DIFFERENT.

AND SO SO IT CAUGHT US ALL BY SURPRISE.

BUT WE ALL NOTICED THE SAME THING THAT YOU NOTICED.

WE'VE ACTUALLY BEEN SPENDING A LOT OF TIME WORKING ON IT AND HOPE TO GET IT RESOLVED.

SO SOMETHING LIKE THAT ISN'T APPROPRIATE FOR [INAUDIBLE]. YOU WOULDN'T FORCE THEM TO USE CORNERSTONE WOULDN'T BE REQUIRED TO USE SOME OF THEIR MONEY TO FIX IT IF IT WAS INSTALLED.

THE SCHOOL DISTRICT.

WELL, THEN.

I DON'T WORK IN SCOPE.

THERE IS NO LINE ITEM FOR.

I THINK THAT'S WHAT YOU REFERRED TO AS A FORCE ACCOUNT.

THAT'S THE [INAUDIBLE] BUCKET.

SO, NO, THERE'S NOTHING, THERE'S NO ONE BUCKET FOR THAT TYPE OF CIRCUMSTANCE.

I REALLY APPRECIATE. SELLING STUFF.

I USE THE WATER BASED ON MY HOME HARDWOOD FLOORS AND IT IS MUCH DIFFERENT.

IT'S ALREADY GETTING MARKED UP WITH MY KIDS.

JUST THE WAY IT IS. SO, YES, WE'RE ACTUALLY SPENDING A FAIR AMOUNT OF TIME ON THAT SO WE HAD THE SAME ISSUE AT WESTERN WITH THE WATER BASED.

OH, YEAH.

AND I MEAN, IT TOOK YEARS. YOU WAIT TILL YOU FINISH IT THE NEXT TIME, YOU KNOW, TO GET IT RIGHT BECAUSE THE CONDITIONS AREN'T PERFECT.

BUT THAT'S THE GREAT THING ABOUT WOOD FLOORING IS YOU HAVE TO REFINISH IT.

YOU KNOW, I HAD A SHORT LIFE SPAN, BUT IT'S A TRADE OFF.

THE WHOLE SCHOOL WOULD SMELL DIFFERENTLY.

ABSOLUTELY. YOU KNOW, THE WHOLE SCHOOL WOULD BE DEFINED BY THAT WOOD FLOOR IF IT WAS A TRADITIONAL FINISH.

BUT IS IT TRADE OFF LIKE CARVER HAD SPLOTCHES.

LIKE IF YOU LOOKED AT IT AN ANGLE, YOU COULD SEE THIS HUGE SPLOTCHES ON THE FLOOR, SIMILAR WOOD GRAIN FINISH LIKE THE LIGHT WOOD.

BUT YEAH, YOU JUST THEY JUST WERE LIKE, WELL, THE NEXT TIME WE BUFF IT, WE GOT TO DO THIS.

BUT THEY'LL USE CONTINUE TO USE WATER BASED BECAUSE IT IS THE HEALTHIEST ONE.

ONE THING THAT HAPPENS WITH THE WATER BASED THAT WE WERE NOT AWARE OF, IT'S CALLED PANELIZATION.

AND SO THE WATER BASE ACTUALLY GETS IN BETWEEN THE PLANKS AND GLUES THEM TOGETHER.

BUT THEN IT STILL HAS TO SHRINK.

BUT INSTEAD OF IT SHRINKING EACH JOINT UNIFORMLY, IT'LL BREAK ONE OF THE JOINTS AND DO ALL THE SHRINKING IN THAT ONE JOINT.

SO NOW IT LOOKS LIKE A PRETTY BIG, HUGE GAP, WHICH IT IS A PRETTY BIG, HUGE GAP.

SO BEFORE THEY WOULD EQUALLY SHRINK AND HAVE EQUAL SPACING, WELL NOW IT JUST POPS UP EVERY FIFTH OR SIXTH PLANK AND LEAVES A MUCH BIGGER VOID. SO WHAT IS THE ACTUAL PROBLEM WITH THE FLOOR? IS IT BECAUSE I'M HEARING, IT SOUNDED LIKE THERE'S ACTUALLY PHYSICAL PROBLEMS AND NOW IT SOUNDS LIKE MORE JUST VISUAL APPEARANCE OR APPEARANCE? WHAT ARE THE PROBLEMS AND WHAT'S THAT? I MEAN, THAT'S BEEN A QUESTION; RIGHT? IT ISN'T ONE THING.

IT'S A LAYER OF THINGS.

SO THERE'S BASKETBALL AND WHO KNOWS WHAT DIRECTION IT'S GOING TO GO? NO, NO, NO, NO, NO.

IT DOESN'T HAVE ANY FUNCTIONALITY ISSUES.

IT'S AN AESTHETIC.

YEAH, IT IS JUST AN AESTHETIC.

YEAH. THERE'S A FEW LITTLE CHUNKS THAT ARE NEED TO BE WARRANTY REPAIRED.

THERE'S IT'S NORMAL STUFF THAT JUST NEEDS TO GET FIXED.

SO SOME OF IT THERE'S QUESTION ABOUT SOME OF THE LINES AREN'T REAL CLEAN.

YOU KNOW THAT'S AN INSTALL ISSUE.

THE CUPPING WAS WITHIN THE TOLERANCES AND IT'S EXPECTED TO TO SORT ITSELF OUT.

THE PANELING AGAIN IS SUPPORTED.

[01:05:03]

IT'S SUPPOSED TO SORT ITSELF OUT.

YOU KNOW, THE PART OF THE ISSUE, I THINK, WAS THE CODE BASE WASN'T INSTALLED.

SO WE'RE GETTING DEBRIS DOWN INSIDE THE THE FLOOR.

NONE OF IT NOTHING WAS GLARINGLY MAJOR ON ITS OWN.

IT'S JUST A LOT OF LITTLE STUFF THAT HAS KIND OF MADE IT NOT SO GREAT.

THE WALK OFF WE DON'T HAVE WALK OFF MATS INSIDE THE GYM OR IN THE ENTRY USING THAT OUTSIDE ENTRYWAY AND NOT HAVING TO WALK OFF MATS, PUT A LOT OF OF SAND AND GRIT ON THE FLOOR THAT ENDED UP CAUSING SOME ABRASION.

THAT'S PROBABLY PART OF THE FINISH ISSUE.

PEOPLE IN THERE WITHOUT THEIR YOU KNOW IN STREET SHOES AND YOU KNOW, SOME STUFF LIKE THAT THAT HAD IN ADDITION TO THE WATER FINISH ISN'T QUITE AS GLOSSY AND HARD AS THE AS THE OIL.

BUT WE WOULDN'T HAVE BEEN IN ON TIME HAD WE PUT THE OIL DOWN.

YOU KNOW, IN ADDITION TO BEING ENVIRONMENTALLY FRIENDLY, IT WOULD HAVE DELAYED THE PROJECT BECAUSE YOU COULDN'T BE OUT OF IT SEVEN DAYS THE LEAST AND BARELY CAN GET IN THERE AT THAT POINT. YEAH.

SO IT'S NOT A ONE DAY.

IT'S JUST A BUNCH OF LITTLE, YOU KNOW, LITTLE ISSUES.

TRISTAN, I ALWAYS APPRECIATE WHAT YOU BRING TO THIS TABLE BECAUSE, I MEAN, I WOULDN'T HAVE KNOWN THAT CARVER HAD THE SAME ISSUE.

I MEAN, THAT'S GREAT.

I WAS HOPING FOR THE MAGIC SOLUTION.

I KNOW WHAT THEY DO.

YOU GOT. THEY JUST REDID IT.

SPENT A LOT OF TIME ON THE FARM.

IT'S KIND OF A PREDICTABLE ISSUE, THOUGH.

LIKE, IT'S KIND OF NICE TO KNOW THAT THIS IS THE ISSUE THAT YOU'RE DEALING WITH AT THE END OF THE PROJECT, THE SAME ISSUE THAT MOST PEOPLE DEAL WITH, WHICH IS THE GYM FLOOR.

NOWADAYS WITH THE LEITH AND THE GREEN BUILDINGS.

SO, I MEAN, IT'S NICE THAT IT'S THIS ISSUE.

YOU KNOW, IT'S COMFORTABLE.

WELL, NO, IT IS FIXABLE.

LIKE THE COST.

YEAH, BUT NOT OF THE WHOLE BUILDING.

PROBABLY ONE OF THE MOST MINIMAL COSTS.

SO THE THING THAT HAPPENED AND IT'S A LESSER COST OVER TIME.

SUPER LESSER COST OVER TIME.

OH, YEAH. NO, THIS IS YOU GOT TO REALIZE TOO, LIKE, BECAUSE YOU GOT TO BUILD, YOU'RE GOING TO REFINISH THAT FLOOR AND FIVE YEARS FROM NOW, MAYBE LESS WATER BASED.

YEAH, 3 OR 4. IT'S A NORMAL MAINTENANCE CYCLE TO REFINISH THE FLOORS.

I THINK YOU DO THREE REFINISHES AND THEN YOU'VE GOT TO GO ALL THE WAY DOWN THROUGH THE WOOD AND THEN GO BACK UP OR SOMETHING LIKE THAT.

BUT IT MIGHT BE MORE OF A WATER BASED, MORE OFTEN WITH WATER BASED.

I DON'T KNOW. BUT YOU KNOW, THE OTHER THING IS CLIMATE IS THE WORD WHICH THEY GIVE YOU A MINIMUM TIME, WHICH THEY LITERALLY LIKE BRING THE WOOD IN AND START THE CLOCK LIKE AS SOON AS THEY BRING IT IN.

MEANWHILE, THE DOORS ARE ALL WIDE OPEN AND WHATEVER, AND THEN YOU PUT IT IN AS FAST AS HE CAN AND THEN YOU TURN THE HEAT ON IN THE BUILDING AND IT DOES ALL KINDS OF CRAZY STUFF. AND IF YOU FIX IT RIGHT NOW AND LEFT IT, IT'D PROBABLY DO MORE CRAZY STUFF THE NEXT 6 TO 9 MONTHS.

YEAH, IT TAKES OVER A YEAR TO FULLY ACCLIMATIZE AND GET IT TO BE FAIRLY STABLE.

SO, I MEAN, IT'S LIKE A YEAR MINIMUM, SO IT TAKES A LITTLE TIME.

TO ANSWER YOUR QUESTION, I THINK THE COST ISSUE IS A SHARED PORTION.

SOUNDS GOOD. IT'S JUST A FUNCTION OF WHAT PERCENTAGE GOES TO.

RIGHT? YEAH. WHO OWNS WHICH ISSUE? WHO OWNS WHICH ISSUE? THAT'S WHY I WAS MORE, I JUST, IT SOUNDS LIKE THERE'S SEVERAL PARTIES WHO ALL HAS A CONTRACT THAT SAYS THEY HAVE TO PAY IF SOMETHING WENT WRONG AND YOU'RE WORKING ON THAT.

SO. AND THIS IS A VERY SHORT IT'S A BLIP BECAUSE IN FIVE YEARS FROM NOW, THE TECHNOLOGY ON WATER BASED FLOOR IS GOING TO IMPROVE.

LIKE EVEN IN THE PAST FIVE YEARS.

YOU TRACK IT LIKE THE GROWTH IS LIKE THIS.

SO BY THE TIME YOU REFINISH IT NEXT TIME, YOU PROBABLY WON'T REPEAT THESE ISSUES.

HOPEFULLY THE SCIENTISTS DO THEIR JOB.

HOPEFULLY IT COUNTS.

THAT WAS PRETTY MUCH IT. YEAH. THANKS.

APPRECIATE IT. ANY OTHER GLARING QUESTIONS FROM THE CREW ON THE HIGH SCHOOL? I ACTUALLY. ACTUALLY, THERE'S ONE MORE THING.

I HEARD THAT YOU'RE GOING TO BLACK OUT THAT PARKING LOT ALL THE WAY UP TO THE READER BOARD.

IS THAT TRUE? BLACK IT OUT? YEAH. LIKE, YOU KNOW, THE ASPHALT IS NOT GETTING REPLACED IN THE STUDENT PARKING LOT.

[01:10:01]

NOT THE STAFF, THE OLD SENIOR PARKING LOT, BUT THE STUDENT PARKING LOT.

IS THAT GOING TO GET BLACKED OUT? SO IT LOOKS LIKE NEW ASPHALT.

I THINK WE'VE GOT A FINISH GOING ON TOP OF THAT, RIGHT? I DIDN'T HEAR THAT WHEN I CHECKED INTO IT BEFORE.

THERE WAS NOTHING PROVIDED THERE.

AND THEN SOMEBODY ELSE TALKED ABOUT COMING IN AND PUTTING IN A FRESH TOPCOAT ON THAT.

YOU KNOW, IT'S BASICALLY AN ASPHALT EMULSION THAT THEY PAINT ON IT.

YEAH, THAT'S WHAT I MEAN. SO I STILL NEED TO FOLLOW UP ON THAT.

RIGHT? OKAY. WHEN YOU AND I TALKED ABOUT IT BEFORE, I DIDN'T DO IT.

I DIDN'T SEE ANYTHING.

I KNOW THAT WHAT PREVIOUSLY WAS REFERRED TO AS THE SENIOR LOT HAD THE NEW COAT PUT DOWN.

YEAH, THAT'S ON THE PLANS.

AND I SO I DIDN'T WANT SOMEBODY JUST MISINTERPRETED OR IF I JUST MISSED IT.

BUT DO YOU HAVE THAT ON MY LIST TO FOLLOW UP ON? SO. OKAY. I GOT A QUESTION TOO.

I'VE NOTICED LATE AT NIGHT, THE SCHOOL, THE MAIN FOYER OF THE SCHOOL IS ALWAYS LIT UP.

AND I WAS LIKE, IS IT LIT UP BECAUSE OF BECAUSE THE OLD SCHOOL YOU CAN EVER SEE IN THE BUILDING.

SO I DON'T KNOW WHICH LIGHTS THEY LEFT ON, BUT I JUST NOTICED THAT A HUGE SPACE IS LEFT LIT AND YOU CAN SEE RIGHT IN IT HOW LATE? OH, I THINK IT WAS LIKE 10:30, 11, LIKE IT WAS SUPER LATE WHEN I SAW IT AND I WAS LIKE, WOW, THAT'S A BECAUSE I WAS LIKE, IF IT'S LATE, NIGHT PROGRAMING MAKES SENSE TO NINE.

BUT I WAS LIKE, IT WAS AFTER THAT POINT AND I WAS LIKE, IS IT JUST BECAUSE THE BUILDING'S STILL IN CONSTRUCTION? YOU KNOW, LIKE, WE CAN CHECK ON THAT.

IT COULD BE THAT THE CUSTODIANS ARE JUST IN THE PROCESS OF SHUTTING IT DOWN.

OKAY. AND I THINK THAT COULD BE THAT WOULD BE ABOUT THAT TIME.

YEAH. EVERYTHING ELSE IS DARK IN FERNDALE AT THAT TIME, SO IT'S JUST LIKE A GLOWING ORB OF LIGHT, YOU KNOW? YEAH. THERE COULD BE WORSE THINGS TO STARE AT, YOU KNOW, LIKE THAT.

GETTING A VIEWPOINT INTO A BEAUTIFUL SCHOOL.

LIKE THERE COULD BE WORSE THINGS.

BUT I WAS LIKE, THAT'S A HUGE, LIKE, THAT'S LIKE THE LARGEST VOLUME OF SPACE IN THE BUILDING.

JUST THAT ONE THING THAT'S GOING TO BE REALLY COOL IS WHEN THE BUILDING'S DONE.

I WAS OUT OF THE TRAFFIC CIRCLE ONE MORNING BEFORE THE SUN WAS UP, BUT THE SANDWICH, THE LIGHT WAS JUST STARTING TO BREAK OVER THE BACK OF THE NEW SCHOOL.

IT'S GOING TO BE A KILLER PHOTO.

I MEAN, I JUST LOOKED AT THAT ONE LIKE, OH, WOW, THAT IS GOING TO BE REALLY COOL.

SO. ANYTHING KNOWN ON CRITICAL PROJECTS.

I KNOW THERE'S A REPORT HERE, BUT THAT'S.

YEAH, I DON'T KNOW. UPDATES THERE OTHER THAN I NEED TO FOLLOW UP TO SEE IF THE CONTRACTOR IS NOT WORKING ON SKYLINE.

SO I DID A CHAT WITH LIKE I SAID, I TALKED TO DAVID GOLAN THIS MORNING AND APPS ON THEIR CONTRACT EVERYWHERE.

SO THERE WAS A CAR THERE ON SKYLINE WHEN I DROVE BY YESTERDAY.

WHAT'S THAT? THERE WAS A CAR THERE WITH LIKE A MAN, LIKE WHEN I DROVE BY YESTERDAY.

[INAUDIBLE].

NO, IT'S A DIFFERENT COMPANY, TAC SERVICES OR SOMETHING LIKE THAT.

WHAT WAS IT LIKE TESTING AND CONSULTING? YOU MAY HAVE SEEN BETHLEHEM LOCK AND SAFE THERE, TOO.

THAT MIGHT HAVE BEEN IT. THERE'S A COUPLE VANS THERE.

DIFFERENT THING BECAUSE THAT'S ACTUALLY NOT PART OF THE CRITICAL MAINTENANCE PROJECTS.

IT'S OUTSIDE OF THE BOND.

BUT WE'RE ACTUALLY REPLACING ALL OF THE CLASSROOM BLOCKS IN THE DISTRICT WITH LOCKS THAT WILL ACTUALLY LOCK FROM INSIDE THE CLASSROOM WITHOUT A KEY.

OKAY. SO NOT A BOND PROJECT, BUT AND DO THEY HAVE THE INDICATORS TO LIKE AT THE HIGH SCHOOL, SAME LOCK OR UNLOCK EVERYWHERE THAT WERE I THINK THERE WAS MAYBE ONE TYPE OF LOCK THAT THEY DIDN'T MAKE THOSE, BUT MOST OF THEM, I BELIEVE, ARE THE INDICATOR LOCKS.

SOME PEOPLE DON'T LIKE TRYING TO OPEN THE DOOR AND RUN INTO THE DOOR.

SO WE'RE TRYING TO WALK IT. I THINK IT'S FOR LOCKDOWN.

RIGHT. QUICKLY THEN, WASN'T THERE SOME CAMERAS OR SOMETHING THAT GO ALONG WITH THAT? NO.

WHEN IT COMES TIME TO PLAN AN ELEMENTARY SCHOOL, SUDDENLY AN ELEMENTARY SCHOOL IN BELLINGHAM WOULD BE LIKE GOALS.

LIKE, THAT'S LIKE THE COOLEST SCHOOL OR TOUR.

AND I JUST TOURED IT WITHIN THE LAST COUPLE OF WEEKS AND I WAS LIKE, MIND BLOWING HOW NICE THAT SCHOOL TURNED OUT.

SO WHEN THAT TIME COMES, THERE'S GOING TO BE SOME EXCITING ELEMENTARY SCHOOLS.

IT'S PRETTY COOL. SCHOOL. THOSE ARE THE COOLEST.

LIKE I SAY, I DON'T SAY THAT LIGHTLY BECAUSE I'M VERY JUDGMENTAL.

BUT I WAS LIKE, SIMON, BY FAR IS LIKE MY FAVORITE SCHOOL I'VE EVER BEEN IN.

[INAUDIBLE]. SAME ARCHITECT.

YEAH. SO I STOPPED EVERY MEMBER OF THE PROJECT TEAM.

I'M LIKE, TELL ME YOUR INTERIORS, TELL ME YOUR FURNITURE PERSON.

[01:15:02]

AND I'VE ACTUALLY CONNECTED WITH ALL OF THEM BECAUSE I WAS LIKE, I DON'T THINK THEY REALIZE THEY MADE MAGIC.

AND I WAS LIKE, EVERYTHING JUST TURNED OUT SO NICE.

COOL. COREY'S JOB ACTUALLY DID A BUNCH OF VALUE ENGINEERING ON THAT BEFORE I STARTED, SO. ALL RIGHT.

ANYTHING ELSE? FOR THE GOOD OF THE ORDER? NO. JUST MAKE SURE THOSE EXPENSE THINGS THEY COVER NEXT MEETING.

YEAH. PUT THAT ON OLD BUSINESS JUST SO WE DON'T FORGET ABOUT IT.

OKAY. ALL RIGHT.

ADJOURNED.

* This transcript was compiled from uncorrected Closed Captioning.