Oct 16, 2025 Township Committee

[00:00:03]

OKAY. WE'RE ON. GOOD EVENING EVERYONE. MEETING CALLED TO ORDER. THIS IS THE REGULAR MEETING OF THE MONTGOMERY TOWNSHIP COMMITTEE. CALLED TO ORDER AT SEVEN 7:32 P.M. ROLL CALL PLEASE. MAYOR SINGH, DEPUTY MAYOR BERRIGAN. HERE. COMMITTEE MEMBER TAYLOR TODD.

HERE. COMMITTEE MEMBER ON HERE. COMMITTEE MEMBER. MARTIN HERE. NOTICE A MEETING IN COMPLIANCE WITH THE OPEN PUBLIC MEETINGS ACT. ADEQUATE NOTICE OF THIS MEETING WAS PROVIDED ON AUGUST 10TH, 2025 TO THE COURIER NEWS AND THE STAR LEDGER POSTED ON THE MUNICIPAL BULLETIN BOARD AND FILED WITH THE TOWNSHIP CLERK. SALUTE TO THE FLAG. PLEASE JOIN US IN THE PLEDGE OF ALLEGIANCE. PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS. ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. MAY I HAVE A MOTION TO SUSPEND THE ORDERED AGENDA SO MOVED SECOND. ALL IN FAVOR? AYE. HELLO. WE'RE JUST GOING TO KIND OF MOVE THE ORDER OF THINGS A LITTLE BIT. FIVE

[Items 1-7]

DEPUTY MAYOR. BARRIGAN. YES. APPROVAL OF MINUTES. MAY I HAVE A MOTION TO APPROVE THE REGULAR

[8. Approval of Minutes]

AND MAY I HAVE A MOTION TO APPROVE THE EXECUTIVE SESSION? SPECIAL MEETING MINUTES OF OCTOBER 8TH, 2025. SO MOVED SECOND. ALL IN FAVOR? AYE. RESOLUTION NUMBER 25, DASH TEN

[9. Resolution #25-10-326 - Payment of Bills]

SO MOVED. SECOND. ROLL CALL PLEASE. COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER.

ANNE. YES. COMMITTEE MEMBER. TAYLOR. TODD. YES. DEPUTY MAYOR. BARRIGAN. YES. TOWNSHIP

[10. Township Committee Reports]

[00:05:04]

AND THEN FINALLY, I'D LIKE TO GIVE AN UPDATE ON SOMETHING THAT HAS, YOU KNOW, BEEN OUT THERE A LITTLE BIT, IF YOU MAY RECALL, LAST YEAR, LAST MAY, MAY 2024, THERE WAS A LETTER RECEIVED FROM THE SOMERSET GREATER SOMERSET COUNTY YMCA INDICATING SOME INTEREST IN HAVING A Y HERE IN MONTGOMERY. AND SO A COUPLE OF WEEKS AGO, ACTUALLY, ON OCTOBER 1ST, MYSELF, THE MAYOR, JOHN GROEGER, WHO'S OUR RECREATION DIRECTOR, HIS ASSISTANT DIRECTOR, AND LORI SAVRAN WENT FOR A VISIT TO THE SOMERSET HILLS Y IN BASKING RIDGE. AND WE WALKED AROUND AND WE SAW THE FACILITIES THAT THEY HAVE, AND WE STARTED TO HAVE A CONVERSATION. AND IT'S THE BEGINNING OF A CONVERSATION. SO AT THIS POINT, AND I KNOW THAT THE COMPANY, THE COMMUNITY HAS BEEN VERY INTERESTED IN THIS, WE ARE GOING TO BE EXPLORING WITH THE STAFF THE DIFFERENT INFORMATION THAT WE NEED TO COLLECT TO CONSIDER WHETHER TO MOVE FORWARD WITH A Y IN MONTGOMERY. SO I STRESS IT'S THE BEGINNING OF A CONVERSATION AND AS UPDATES ARE AVAILABLE, WE WILL CERTAINLY KEEP YOU POSTED. THANK YOU. I JUST WANT TO GO AHEAD. COMMITTEEWOMAN TODD HAS BEEN ON THE Y, AND WAS IT THE SUMMER O SOUTH BRUNSWICK. SO I THINK IT'S A YEAR AGO.

GREAT PERSON TO REACH OUT AND APPRECIATE THE THE TOUR. SO THANK YOU AND I'LL JUMP IN ON

[00:10:06]

WE WILL BE HOLDING OUR ANNUAL VETERANS DAY CEREMONY ON SUNDAY, NOVEMBER 9TH AT 2 P.M. REALLY EXCITED THAT WE WILL HAVE OUR VERY OWN CONGRESSWOMAN, BONNIE WATSON COLEMAN, SERVING AS THE KEYNOTE SPEAKER. JUST REALLY GLAD THAT WE WERE ABLE TO HAVE SOMEONE OF THAT STATURE COME IN.

YOU KNOW, I THINK WE ALL RESPECT AND REPRESENTS US REALLY STRONGLY HERE IN MONTGOMERY, SERVING AS THE KEYNOTE SPEAKER. THE SECOND UPDATE, WHICH I'M REALLY EXCITED ABOUT, ONE OF THE THINGS THAT WE DO EVERY YEAR IS WE PROVIDE A, A MILITARY PATCH, YOU KNOW, TO THE, THE, THE STUDENTS WHO PARTICIPATE IN THE CEREMONY. AND AS YOU SOME OF YOU MAY KNOW, LAST YEAR THERE WAS THE USS NEW JERSEY SUBMARINE WAS CHRISTIAN AND AND PUT INTO SERVICE LAST YEAR. YOU KNOW, A NUMBER OF PEOPLE IN THE COMMUNITY WERE VERY INVOLVED IN THAT. AND WE WILL BE HAVING THE FIRST COMMANDER OF THE USS NEW JERSEY COMING, PARTICIPATING IN THE CEREMONY AND PROVIDING THOSE PATCHES DIRECTLY TO THE STUDENTS. SO AGAIN, THAT SAID VETERANS MEMORIAL PARK AT 2 P.M. SUNDAY, NOVEMBER 9TH. SECOND THING IS JUST A QUICK UPDATE ON THE LANDMARKS COMMISSION. YOU KNOW, ONE OF THE TOPICS THAT HAVE BEEN HAS BEEN COMING UP IS THE BLAWENBURG CEMETERY. I THINK, YOU KNOW, AS I'VE BEEN LEARNING, A LOT OF THESE OLDER CEMETERIES ARE RUN BY NONPROFIT ORGANIZATIONS. AND AS YOU CAN IMAGINE, YOU KNOW, SOME OF THESE HISTORICAL CEMETERIES HAVE HAVE RISING COSTS. AND IN THE CASE OF THE BLOMBERG CEMETERY, THERE'S A LOT OF OLD FENCES THAT, YOU KNOW, HAVE BEEN DAMAGED FOR MANY DIFFERENT REASONS. AND ONE OF THE THINGS THAT WE'RE REVIEWING IS, YOU KNOW, WHETHER OR NOT, YOU KNOW, THOSE FENCES CAN BE REMOVED OR REPLACED. AND THE REASON I BRING THIS UP IS, YOU KNOW, AND I'M SAYING THIS KIND OF ENDORSEMENT, BUT THAT'S A NONPROFIT ORGANIZATION THAT IS LOOKING TO TRY TO COMPLY WITHIN THE REQUIREMENTS OF THE LANDMARKS COMMISSION, TO MAINTAIN WITH THE HISTORICAL PERSPECTIVE. SO IF IF YOU'RE INTERESTED, PLEASE TAKE A LOOK. THEY ARE DOING SOME FUNDRAISING, THESE THESE REPAIRS TO REMAIN WITHIN THE HISTORICAL CHARACTER OF THE COMMUNITY, YOU KNOW, ARE VERY EXPENSIVE AND THEY ARE TRYING TO DO THE RIGHT THING. SO PLEASE, IF YOU'RE INTERESTED IN THE HISTORICAL, PLEASE CONSIDER POTENTIALLY PARTICIPATING IN THAT FUNDRAISING. AND THE THIRD PIECE AS PART OF THE BUDGET AND FINANCE COMMITTEE, WHICH I CHAIR, WANT TO PROVIDE AN UPDATE ON, YOU KNOW, A VERY IMPORTANT TOPIC THAT HAS COME UP SEVERAL TIMES OVER THESE TOWNSHIP COMMITTEES IS, YOU KNOW, THE THE CURRENT NEGOTIATION OF THE PBA CONTRACT.

AND I DO WANT TO PROVIDE AN UPDATE FOR THE TOWNSHIP IS THAT, YOU KNOW, THE PARTIES HAVE COME TO AN AGREEMENT IN PRINCIPLE, AND THAT AGREEMENT HAS BEEN REDUCED TO A MEMORANDUM OF UNDERSTANDING, WHILE THE TERMS OF WHICH HAVE BEEN AGREED TO, YOU KNOW, WE ARE AWAITING FOR EXECUTION OF THAT MEMORANDUM OF AGREEMENT BY THE PBA, AT WHICH TIME THE FULL EXPECTATION IS THAT OUR TOWNSHIP COMMITTEE WOULD COUNTERSIGN IT. IT WOULD THEN MOVE TO RATIFICATION BY THE PBA, WHICH WE ARE OPTIMISTIC THAT THIS MATTER IS LARGELY CONCLUDED, EXCEPT FOR THE NEED FOR A RESOLUTION TO APPROVE THE RATIFICATION. THANK YOU. I'M SURE WHEN THE MAYOR ARRIVES, SHE'LL PROBABLY HAVE HER OWN KIND OF UPDATE. SO WE'LL BRING BACK THE TOPIC. WE HAVE THE THE PLAQUE THAT'S GOING TO BE OCTOBER 24TH IS WHEN? OCTOBER 24TH. YEAH. THE OH THE DEDICATION. YEAH. I DON'T KNOW IF THAT THE MAYOR'S GOING TO DISCUSS THAT, BUT WE'RE GOING TO BRING UP THE INCLUSIVE PLAYGROUND. YES, I WAS GOING TO BRING IT UP. SURE.

OKAY. DO YOU WANT TO DO THAT NOW? I COULD DO THAT NOW. IT'S A QUICK UPDATE. YEAH. OH, IS IT,

[11. Administrator’s Report]

[00:15:02]

BUT WHEN YOU COULD BE ELIGIBLE FOR THOUSANDS OF DOLLARS OF RELIEF. SO OCTOBER 31ST IS THE DEADLINE FOR APPLYING FOR THESE STATE PROGRAMS, AND WE DECIDED TO HAVE AN EVENT HERE WHERE THERE'LL BE INDIVIDUALS TO HELP FILL OUT THE FORMS. SO YOU CAN LITERALLY JUST COME IN AND GET, YOU KNOW, HAVE, YOU KNOW, HAVE YOUR HAND HELD WHILE YOU WHILE YOU FILL OUT THE FORM TO SEE IF YOU'RE ELIGIBLE, THE TIME FRAME FOR THAT, THE FOR 4 TO 7, 4 TO 7 ON MONDAY OCTOBER 20TH. YEAH.

HERE. SORRY ABOUT THAT PUBLIC COMMENT I'M SORRY. OKAY. YEAH. TELL ME I'M NOT MOVING FAST ENOUGH. AN UPDATE ON THE FORMER MUNICIPAL BUILDING. IT WILL BE COMING DOWN SOON. EVERYTHING'S BEEN SET IN MOTION. IT'S 100% COVERED BY A GRANT WE RECEIVED FROM THE FEDERAL GOVERNMENT.

THE BID WENT OUT AND WAS AWARDED TO AB CURE. AS I MENTIONED, THEY'VE MOBILIZED ON SITE WORKS, BEGUN PREPPING FOR THE DEMOLITION. I DO WANT TO. CAN I ASK A QUICK QUESTION? DO WE HAVE THAT CASH IN THE IN THE BANK ACCOUNT? NO, WE WE DO NOT. OKAY. YEAH. NO. SO LET'S HOPE WE CAN CONTINUE MOVING FORWARD ON THAT. YES. THERE'S ALL SORTS OF NEWS ABOUT WE WE'VE EXECUTED THE AGREEMENT THOUGH SO. OH NO I UNDERSTAND I THINK, YOU KNOW, WE'RE WE'RE LIVING IN UNIQUE TIMES. SO I DO WANT TO THANK ALL THE STAFF WHO HAD A HAND IN MAKING THAT POSSIBLE, ESPECIALLY TOWNSHIP ENGINEER MARK HERMAN WHO'S MANAGING THE PROJECT, JEFF BURKLAND AND RICH DIETRICH FROM DPW. THE CREWS THERE COORDINATED SOME OF THE GROUND PREP, AND THEY ALSO COORDINATED WITH SERGEANT GILES FROM THE PD, WHO MANAGED THE KIND OF UPGRADE AND MOVING OF A POLICE CONTAINER THAT'S NOW BEEN RELOCATED TO OUR PROPERTY. HERE. WE WE HAD A LITTLE BIT OF A OF A GATHERING EARLIER THIS WEEK, ABOUT AN HOUR OR SO OF FORMER TOWNSHIP COMMITTEE MEMBER, FORMER MAYOR RICK SMITH. HE AND I HAD BEEN TALKING ABOUT CELL COVERAGE AND SOUTHWEST PART OF TOWN, AND HE HE HAD MENTIONED HE HE WAS ONE OF THE FOLKS THAT WAS INSTRUMENTAL IN ANALYZING THE OLD MUNICIPAL BUILDING TO SEE IF IT COULD BE RENOVATED AND REUSED. AND SEVERAL STUDIES HAD BEEN DONE, AND IT WAS DETERMINED THAT THAT IT JUST WAS NOT NOT SALVAGEABLE.

THE MONEY THAT WOULD NEED TO BE PUT INTO THE BUILDING. AND SO HE HAD SUGGESTED THAT MAYBE SOME OF THE FORMER MAYORS, TOWNSHIP COMMITTEE MEMBERS AND SOME OF THE FORMER STAFF, YOU KNOW, MIGHT WANT TO COME BACK AND AND SORT OF RECOGNIZE SOME OF THE WORK THAT HAS TAKEN PLACE INSIDE THAT BUILDING. AND WE KIND OF TALKED ABOUT HOW THE BUILDING IS MORE THAN JUST BRICKS AND MORTAR, BUT SO MUCH THAT WENT ON IN TERMS OF POLICY THAT WAS MADE AND RESIDENTS THAT WERE HELPED. AND, YOU KNOW, IT HOUSED OUR OUR POLICE HEADQUARTERS AND ALL OF OUR DEPARTMENTS. AND SO IT WAS VERY IT WAS VERY NICE TO SEE SO MANY PEOPLE. AND THE GRANDDAUGHTER, SUE WEINGART OF THE FIRST TOWNSHIP ADMINISTRATOR, BEE SKILLMAN, WAS THERE. AND SHE TALKED A LOT ABOUT BEE AND HER TENACITY AND HER CAN DO ATTITUDE. AND IT WAS I WAS JUST REALLY VERY APPRECIATIVE THAT SHE WAS ABLE TO COME AND SORT OF TALK A LITTLE BIT ABOUT THAT EARLY MONTGOMERY HISTORY AND KEEP THAT ALIVE AND SO AND SO MANY, SO MANY PAST TREES HAD COME AND IT WAS VERY NICE. IT WAS A QUICK LITTLE GET TOGETHER FOR ABOUT AN HOUR. AND I THINK EVERYBODY WAS VERY APPRECIATIVE, AND I WANTED TO THANK THEM ALL FOR THEIR SERVICE OVER THE YEARS, FOR MUNICIPAL GOVERNMENT MOVING ON TO FALL ROAD PROJECTS. WE BEGAN TWO WEEKS AGO AND ARE MOVING ALONG. I THINK WE'RE, YOU KNOW, 80% COMPLETE WITH 13 MUNICIPAL ROADS THAT ARE BEING MILLED AND PAVED. OUR CONTRACTOR IS TILCON. THEY'VE HAD TWO CREWS, A MILLING CREW AND A PAVING CREW OUT MOVING ABOUT TOWN. DPW AND ENGINEERING HAVE ALSO BEEN HELPING COORDINATE AND GUIDE THAT WORK, AND WE'RE GETTING GOOD FEEDBACK ON THAT. THE MONTGOMERY SHORE PROMENADE SHOPPING CENTER IS MOVING ALONG. WHOLE FOODS IS ABOUT TO TAKE POSSESSION OF THE SHELL OF THE BUILDING, AND WORK BEGIN WILL BEGIN INSIDE. THAT TAKES ABOUT SIX MONTHS TO TURN THAT AROUND. IT'S QUITE EXPENSIVE TO FIT OUT A SHOP, A FOOD STORE, AND BUT THEY REMAIN ON TRACK FOR END OF SECOND QUARTER FOR THEIR GRAND OPENING. AND AS FAR AS THE LOOP ROADS FOR THAT PROPERTY, BULMER CORNER IS BASE PAVED. TOP COURSE WILL TAKE PLACE AFTER

[00:20:04]

THERE'S A FIVE YEAR OLD WHO CANNOT WAIT, AS WELL AS EVERY NEIGHBOR OF MINE THAT LIVES ACROSS THE STREET IS REALLY LOOKING FORWARD TO IT. AND AND WE'VE SAID IT'S OUR FIRST INCLUSIVE PLAYGROUND IN TOWN. IT'S IT'S HAS A TURF SOLID TURF, TURF SURFACE. SO THERE'S EXERCISE EQUIPMENT SO SENIORS CAN COME AND WORK OUT. THEY CAN BRING THEIR GRANDCHILDREN. SO IT'S ALL ALL AGES FACILITY. SO WE'RE VERY EXCITED ABOUT IT. AND THE LAST UPDATE IS RPM THE SENIOR APARTMENTS. IT'S A 100% AFFORDABLE PROJECT. THAT'S OUR ONE OF OUR ROUND THREE PROJECTS HERE THAT'S BEING BUILT AT THE BACK OF THE MUNICIPAL CENTER. THEY'RE PROJECTING A SECOND QUARTER COMPLETION DATE. APPLICATIONS IS WHAT WE'VE BEEN KIND OF TRACKING, WHEN WE'LL BE ABLE TO RELEASE AN ANNOUNCE TO TO OUR RESIDENTS WHEN APPLICATIONS WILL BE MADE. THAT SHOULD BE EARLY 2026. THEY'LL HAVE A WEBSITE DEDICATED TO THAT WHERE PEOPLE CAN SIGN UP AND RECEIVE UPDATES. AND WE'VE BEEN CONNECTED WITH JANELLE BURKE, WHO IS THEIR ASSISTANT DIRECTOR OF PROPERTY MANAGEMENT, AND SHE'S KEEPING US IN THE LOOP ON THE WEBSITE AND THE MARKETING EFFORTS. AND JUST AS A REMINDER TO THE TOWNSHIP COMMITTEE THAT THIS PROJECT WAS AROUND THREE AFFORDABLE HOUSING PROJECT AS 100% PROJECT, WE PROVIDED THE LAND FOR FREE AND NEARLY $3 MILLION IN FINANCIAL ASSISTANCE. AND THEN THEY FUNDRAISED THROUGH LOW INCOME HOUSING TAX CREDITS AND OTHER GRANT PROGRAMS FOR THE REMAINDER. BECAUSE THERE IS NO MARKET RATE HOUSING THAT THAT OFFSETS THAT. AND I JUST HAVE ONE LAST THING TO MENTION.

WE'VE WE HAVE OUR NEW SENIOR DIRECTOR, LISA CARA. I THINK SHE'LL BE COMING AT SOME POINT IN THE FUTURE TO COME TO INTRODUCE HERSELF TO ALL OF YOU. SHE IS MANAGING THE FOOD PANTRY, AND ONE OF THE THINGS THAT THE MAYOR AND I HAVE BEEN TALKING ABOUT WAS POTENTIALLY FOR NEXT YEAR AND MAYOR'S AD HOC FOR A FOOD PANTRY ADVISORY COMMITTEE, SO THAT SOME OF THE THINGS THAT WE NEED ASSISTANCE WITH IN TERMS OF FUNDRAISING OR HELPING, YOU KNOW, GET VOLUNTEERS HELPING WITH FOOD DRIVES THAT WE CAN KIND OF HARNESS THE COMMUNITY'S. THERE'S A LOT OF ENERGY AND A LOT OF EXCITEMENT AND HELP. SO MORE TO COME ON THAT JUST WANTED TO FLOAT THAT IDEA. YEAH. THEY WANT TO COMMEND OUR COMMITTEE ON FOR, YOU KNOW, TAKING INITIATIVE OF BRINGING UP THAT AS A CONCEPT. YES, YES. THAT DENNIS HAS BEEN VERY, VERY INSTRUMENTAL ALSO IN BRINGING THE PARTIES TOGETHER. AND THAT'S VERY APPRECIATIVE. THAT'S IT. DEPUTY MAYOR, CAN I MAKE AN UPDATE TO THE UPDATE REGARDING THE HEALTH DEPARTMENT? SO IT'S NOT A SMALL UPDATE.

IT'S ACTUALLY A BIG UPDATE. MINUTES AGO, I WAS ADVISED THAT THE MONTGOMERY TOWNSHIP HEALTH DEPARTMENT JUST RECEIVED AN AWARD FROM NEW JERSEY PUBLIC HEALTH ASSOCIATION. THE AWARD READS TO MONTGOMERY TOWNSHIP HEALTH DEPARTMENT FOR COMMITMENT TO BUILDING RESILIENT, RESPONSIVE, HIGH PERFORMING PUBLIC HEALTH SYSTEMS, ADVANCING ACCOUNTABILITY, QUALITY IMPROVEMENT AND EQUITABLE SERVICES, AND DEMONSTRATING LEADERSHIP, COLLABORATION AND INNOVATION. IT'S DATED OCTOBER 16TH, 2025, AND THIS AWARD IS

[00:25:02]

WERE YOU DONE? YES. OKAY. THANKS. OKAY, SO NEXT WE WILL HAVE A PRESENTATION ON A VERY IMPORTANT TOPIC, CYBERSECURITY. I THINK WE, YOU KNOW, WE SEE THIS POPPING UP ON THE NEWS, SOCIAL MEDIA ETCETERA, SOME OF THE CHALLENGES. SO OUR IT DIRECTOR JOSEPH LEE. YES, SIR.

YES. WE'RE READY FOR. OH SORRY. ARE WE THE PUBLIC COMMENT. EXCUSE ME. ARE WE DOING PUBLIC COMMENT. OH MY BAD. PUBLIC COMMENT. MEMBERS OF THE PUBLIC WISHING TO ADDRESS THE TOWNSHIP COMMITTEE ON MATTERS PERTAINING TO THE TOWNSHIP WILL BE LIMITED TO THREE MINUTES PER PERSON. IF COMMENTS ARE SIMILAR TO THOSE ALREADY STATED, PLEASE INDICATE YOUR SUPPORT OR OPPOSITION GROUPS ARE ASKED TO SELECT A SPOKESPERSON. BEFORE I ASK IF THERE'S ANYONE WHO LIKES TO SPEAK. YOU KNOW, I GOT FEEDBACK FROM THE LAST TIME THAT I WAS RUNNING A MEETING. YOU KNOW, MAYBE I WAS A LITTLE TOO QUICK ON THE GAVEL. IT IS IMPORTANT FOR ME, FOR EVERYONE TO GET THE, YOU KNOW, FAIRNESS IS IMPORTANT TO ME. SO I LIKE TO KEEP EVERYONE HAVE THE SAME AMOUNT OF TIME. BUT, YOU KNOW, AS YOUR TREATMENTS ARE FINISHED, I'LL ASK YOU TO PLEASE KIND OF CONCLUDE, YOU KNOW, LISTENING TO THE FEEDBACK THAT I RECEIVED. SO ARE THERE ANY MEMBERS OF THE PUBLIC WISHING TO ADDRESS THE COMMITTEE? OKAY. ALL RIGHT. ARE WE CLOSING PUBLIC COMMENT THEN?

[14. Presentation – Township Website Upgrade Update]

[00:30:04]

[13. Presentation – Cyber Security Update]

SO LIKE I SAID I'M GOING TO TERRIFY EVERYBODY. NEARLY 600 MILLION CYBER ATTACKS PER DAY, 54 PEOPLE PER SECOND FALL VICTIM TO A CYBER ATTACK. 6 IN 10 BUSINESSES HAVE SUFFERED A RANSOMWARE ATTACK THIS YEAR. NORTH AMERICA HAS SEEN AN UPTICK 8% IN RANSOMWARE ATTACKS.

THE AVERAGE COST OF A SUCCESSFUL ATTACK ON AN INTERNET OF THINGS DEVICE IS MORE THAN $330,000. THE STAGGERING NUMBER, MORE THAN $6.3 BILLION, WAS TRANSFERRED IN BUSINESS EMAIL COMPROMISE SCAMS THIS PAST YEAR, THE LARGEST RECORDED DATA BREACH COMPRISED MORE THAN 3 BILLION USER ACCOUNTS. THESE ARE STAGGERING NUMBERS. THE MODERN DAY HACKER IS NOT A GUY IN A HOODIE SITTING IN THE BACK. IT COULD BE ANYONE IN THIS ROOM, ANYONE WHO LOOKS OVER YOUR SHOULDER AT STARBUCKS, ANYONE WHO IS STANDING NEXT TO YOU.

SOMEONE COULD HAVE INSTALLED A KEYSTROKE LOGGER AND YOU'D HAVE NO IDEA. THE MODERN DAY HACKER COULD BE A GUY STANDING BEFORE YOU PRESENTING ON CYBERSECURITY. RIGHT NOW, NO ONE WOULD KNOW.

YES, THEY LURK IN THE BACKGROUND. THE THE PICTURES THAT YOU SEE ON THE SCREEN ARE FOUR OF THE MOST NOTORIOUS HACKERS. THEY DO NOT LOOK LIKE A MAN IN A HOODIE SITTING IN THE BACK OF THE ROOM. SO I'M GOING TO DO A QUICK LITTLE TEST. WE GET EMAILS EVERY SINGLE DAY.

WE LOOK AT THESE EMAILS AND WE READ THEM QUICK. SO I'M NOT GOING TO GIVE YOU A LOT OF TIME.

WHICH ONE IS THE REAL DOMAIN? TIME'S UP. NONE OF THE ABOVE. THAT'S THE AMOUNT OF TIME THAT WE TAKE TO READ AN EMAIL OR AN ADDRESS LINE IS MINIMAL. THE FIRST ONE, THE OH, IS A ZERO.

THE SECOND ONE THERE WAS NO S IN WELLS FARGO. THE THIRD ONE THAT IS A CAPITAL I AND NOT A LOWERCASE L, AND THE LAST ONE IS TWO V'S MAKING THE W. LITTLE THINGS LIKE THAT, THAT IS ONLY ONE ASPECT OF AN ATTACK. THERE ARE VARIOUS TYPES OF ATTACKS THAT COME IN AS THE TOWNSHIP COMMITTEE. YOU GUYS ARE THE WHITE WELLS. THE WHITE WELLS. MR. PITTS IS A WHITE WHALE. HE IS THE CFO. HE CONTROLS THE MONEY. YOU ALL ARE THE ADMINISTRATORS OF THIS TOWNSHIP.

PEOPLE WILL TRY TO MIMIC YOU. LOOK AT YOU, CREATE EMAILS THAT COME FROM YOU JUST TO GET PEOPLE TO CLICK ON THINGS. I HIGHLIGHTED DEEP FAKE PHISHING ON THIS. THIS IS ONE OF THE NEWEST AI GENERATED CYBER ATTACKS THAT IS CURRENTLY GOING ON. ALL OF THOSE VIDEOS THAT YOU POST ON SOCIAL MEDIA AND PEOPLE ARE LOOKING AT AND YOU'RE LIKE, HEY, LOOK AT MY KIDS, HEY, LOOK, IT'S SOMEBODY'S BIRTHDAY! SCAMMERS AND HACKERS ARE USING THESE VIDEOS AND TAKING THE VOICE CLIPS AND CREATING PHONE CALLS, USING YOUR VOICE, CALLING FAMILY MEMBERS, HEY, I'M IN TROUBLE, I NEED MONEY, SEND ME MONEY, I'M IN JAIL. CAN YOU BAIL ME OUT? HAPPENS ALL THE TIME. AND IT'S ONLY GETTING WORSE. EIGHT YEARS AGO, HACKING WAS A LOOKING AT BECOMING A $1 BILLION BUSINESS. EIGHT YEARS LATER, IT IS PUSHING $1 TRILLION BUSINESS. SO WHAT DO WE DO HERE IN MONTGOMERY? TO HELP PROTECT THE TOWN, THE TOWNSHIP AND THE EMPLOYEES THAT WORK HERE? WE DO CYBERSECURITY TRAINING EVERY YEAR, YEARLY

[00:35:06]

WE HAVE SECURITY SOFTWARE MONITORING USING CURRENT SECURITY SOFTWARE TO MONITOR WHAT'S GOING ON ON OUR SYSTEMS, WHAT'S COMING IN, WHAT'S HITTING OUR FIREWALL. WE DO EMAIL SCANNING, THE EMAILS THAT ARE COMING IN. WE ARE LOOKING FOR FAKE LINKS, CHANGES IN EMAIL ADDRESSES, WHICH IS ANOTHER COMMON THING IN WHICH YOU SPOOF AN EMAIL ADDRESS. AND BEHIND THE SCENES, THE INFORMATION IS ACTUALLY A DIFFERENT ADDRESS. WE DO MULTI-FACTOR AUTHENTICATION ON ALL LOGINS THAT WE DO ON ALL OF OUR SYSTEMS. WE ARE DOING A CONSTANT REVIEW OF ACTIVE ACCOUNTS, ENSURING NON USER ACCOUNTS ARE DISABLED. WE HAVE A MEMBERSHIP WITH THE NJC, CIC, CISA AND OTHER GOVERNMENT AGENCIES THAT SEND OUT ALERTS ON A REGULAR BASIS. I PROBABLY GET 5 TO 7 A WEEK. I PERSONALLY LOOK THROUGH THEM AND DETERMINE WHICH ONES MIGHT PERTAIN TO US AND REVIEW THEM AND CHECK OUR SYSTEMS. WE ARE FOLLOWING COMPLIANCE STANDARDS WITH OUR CYBER INSURANCE COMPANY, WHICH EQUATES TO BEST PRACTICES.

THERE ARE THREE LEVELS. I AM PUSHING TO MOVE US TO THE HIGHEST LEVEL AS SOON AS I CAN, AND HAVING AN APPROPRIATE CYBER INCIDENT RESPONSE PLAN. SO WHAT CAN YOU DO? YOU HAVE TO BE MINDFUL. YOU HAVE TO THINK, READ AND PAY ATTENTION. IT SOUNDS SIMPLE, BUT IN OUR BUSY LIVES IT CONSTANTLY, CONSTANTLY GETS FORGOTTEN. BEING MINDFUL, THINKING ABOUT WHAT YOU'RE READING, ACTUALLY READING WHAT YOU'RE READING. I CAN GO BACK TO THOSE WELLS FARGO DOMAINS.

MOST PEOPLE SCAN OVER THOSE REAL FAST AND PAYING ATTENTION. IF YOU DIDN'T SIGN UP FOR IT, YOU PROBABLY WON'T GET INFORMATION ABOUT IT. I HAVE BEEN IN MONTGOMERY NOW SINCE JANUARY, AND I HAVE YET TO SEE ANY EMAILS REGARDING FREE PIZZA. IF I DID GET EMAILS REGARDING FREE PIZZA, I'M PROBABLY GOING TO THINK IT'S FAKE BECAUSE I HAVE NOT SIGNED UP FOR ANY EMAILS REGARDING FREE PIZZA. SO THAT'S ANOTHER THING. IF YOU DIDN'T SIGN UP FOR IT, YOU'RE PROBABLY NOT A REAL EMAIL. THERE ARE A LOT OF LITTLE DETAILS THAT GO INTO THE EMAILS.

THE TONE, THE WAY THAT IT'S WRITTEN. BUT WITH AI TODAY, IT'S ONLY GETTING WORSE. SO IT'S A REALLY A MATTER OF BEING MINDFUL IN WHAT YOU'RE DOING. AND THAT'S MY TERRIFYING SPEECH.

JUST IN TIME FOR HALLOWEEN, JUST IN TIME FOR HALLOWEEN. ANY QUESTIONS? WELL, THANK YOU SO MUCH, JOE. AND I WAS JUST GOING TO ASK CHIEF PET, AND I ACTUALLY HAD A CHANCE TO BE AT THE HIGH SCHOOL TODAY. AND CYBER BULLYING IS ALSO A BIG CONCERN. AND IT'S GETTING WORSE NOW. THE BULLY GOES HOME WITH YOU, RIGHT? HE'S IN YOUR BEDROOM. WHAT CAN THE TOWNSHIP RESIDENTS I KNOW THIS IS MORE SCHOOL, BUT WE'VE BEEN TRYING AT THE TOWNSHIP LEVEL TO WORK ON, YOU KNOW, RESILIENCE AND MENTAL HEALTH FOR OUR COMMUNITY. SO ANYTHING YOU CAN ADD OR ANYTHING YOU'VE COME ACROSS WOULD BE VERY HELPFUL. SO PRIOR TO COMING TO MONTGOMERY, I WORKED IN EDUCATION. SO I HAVE BEEN IN SCHOOLS FOR THE LAST 16.5 YEARS, AS IN THE IT SIDE.

SO I'VE SEEN A LOT. I'VE BEEN I'VE DONE INTERNET SAFETY TRAININGS AS WELL.■ SO SOME OF THOSE TRAININGS, IT'S ABOUT BEING INVOLVED. MY KIDS, MYSELF, I'M A FATHER, YOU KNOW, MY KIDS JUST GOT SNAPCHAT AT THE KICKING AND SCREAMING OF ME. MY KIDS ARE NOT ON SOCIAL MEDIA UNLESS I AM ON SOCIAL MEDIA WITH THEM. THEY ARE REQUIRED TO HAVE ME AS THEIR FRIEND. I NEED TO KNOW WHO THEIR FRIENDS ARE. I CHECK THEIR ACCOUNTS ON A REGULAR BASIS. I LOOK AT WHAT THEY'RE DOING ON A REGULAR BASIS. THAT IS THE ULTIMATE THING, BEING INVOLVED. AND I SAY THAT FROM THE HEART BECAUSE THAT'S WHAT I DO AT HOME. THAT REALLY IS THE KEY. I THINK YOU'RE RIGHT, AND YOUR KIDS ARE GREAT THAT THEY LET YOU FRIEND THEM. THAT'S AMAZING. I'M JUST KIDDING. I WILL SAY MANY YEARS AGO. QUICK SIDE NOTE I DID AN INTERNET SECURITY TRAINING AND

[00:40:05]

[17. Resolution #25-10-327 – Authorizing the Appointment of Gerardo Toledo as Probationary Police Officer in the Montgomery Township Police Department]

TAYLOR. TODD. YES. DEPUTY. MAYOR. BERRIGAN. YES. MAYOR. SING. YES. AND NOW WE HAVE CHIEF BETH. WE'LL SAY A FEW WORDS. CHIEF. GOOD MORNING. GOOD. GOOD EVENING, I KNOW.

GOOD MORNING. GOOD MORNING. BEFORE WE GET TO THE SWEARING IN OF THE PROBATIONARY POLICE OFFICERS, I JUST WANTED TO ADDRESS THE COMMITTEE ON THE STATUS OF OUR RECRUITMENT, AS WELL AS ADDRESS THE CURRENT PROCESS WHERE THESE INDIVIDUALS WERE SELECTED FROM. SO I'D LIKE TO START BY RECOGNIZING AND ACKNOWLEDGING THE OUTSTANDING EFFORTS OF LIEUTENANT LARSON AND HIS ADMINISTRATIVE TEAM, SERGEANT DEWITT GILES AND OFFICER SEAN DEVLIN, WHO RUN THE CRITICAL TASK OF RECRUITMENT FROM PLANNING, COORDINATING, CONDUCTING INTERVIEWS TO PRESENTING THE FINAL CANDIDATES TO THE REST OF THE COMMAND STAFF, AND THEN TO BE PUT FORTH AS THE FINAL CONDITION IN FRONT OF THE TOWNSHIP COMMITTEE. TO MY TEAM, YOU HAVE SHOULDERED THE RESPONSIBILITY OF ENSURING THAT WE BRING IN INDIVIDUALS NOT JUST WITH THE RIGHT QUALIFICATIONS, BUT WITH THE RIGHT MINDSET AND PASSION TO SERVE OUR COMMUNITY WITH THE HIGHEST STANDARDS. RECRUITMENT IS NOT JUST ABOUT FILLING VACANCIES, IT'S ABOUT SHAPING THE FUTURE OF OUR ORGANIZATION. IT REQUIRES COMMITMENT, DISCERNMENT, INTEGRITY, AND ABOVE ALL, A DEEP UNDERSTANDING OF OUR MISSION AND VALUES AND THE TYPE OF OFFICERS NEEDED TO CARRY OUR MISSION AND CORE VALUES FORWARD. THANK YOU FOR YOUR COLLECTIVE EFFORTS, COMMITMENT, AND UNWAVERING SERVICE SERVICE. THIS RECRUITMENT PROCESS BEGAN BACK IN FEBRUARY WITH A TOTAL OF 96 APPLICANTS. OF THOSE 96 APPLICANTS, THREE WERE SELECTED AND MOVED FORWARD WITH THE CONDITIONAL OFFERS AND TO FINAL PHASE OF THE PROCESS, WHICH, AS YOU KNOW, IS THE FINAL INTERVIEW WITH THE TOWNSHIP COMMITTEE. ALL THREE WERE AFFIRMED BY THE TOWNSHIP COMMITTEE, TWO OF WHICH WILL BE APPOINTED TONIGHT. ON THAT NOTE, I WANT TO TAKE A MOMENT TO MEMORIALIZE THE TOWNSHIP COMMITTEE'S CONTINUAL SUPPORT AND INVOLVEMENT IN OUR RECRUITING STRATEGIES AND MY APPRECIATION OF THAT SUPPORT. TOGETHER, WE STRIVE TO BUILD A WORKFORCE DEEPLY ROOTED IN QUALITY OFFICERS, DELIVERING EXCEPTIONAL SERVICE TO OUR COMMUNITY WHILE CULTIVATING A POLICE DEPARTMENT THAT IS A MORE ACCURATE REPRESENTATION OF THE COMMUNITY THAT WE SERVE.

WHEN I TOOK OVER LEADERSHIP OF THIS POLICE DEPARTMENT BACK IN NOVEMBER 2022, I HAD MANY CONVERSATIONS, BOTH WITH PAST AND PRESENT TOWNSHIP COMMITTEE MEMBERS REGARDING MY FIVE YEAR PLAN. INCLUDING. THAT PLAN WAS A GOAL OF MAKING MONTGOMERY TOWNSHIP POLICE DEPARTMENT A DESTINATION POLICE DEPARTMENT THROUGH COMMITMENT, DEDICATION AND INNOVATION IN RECRUITING STRATEGIES. WE ARE ACHIEVING THIS GOAL TOGETHER. THERE ARE MANY MOVING PARTS INVOLVED WHICH REQUIRE THE PD AND THE TC TO WORK COLLABORATIVELY TOGETHER. SINCE 2022, SEVEN OF THE LAST 17 HIRES WERE RECRUITED FROM OTHER POLICE AGENCIES. SUBSEQUENTLY, THREE OF THE SEVEN WERE RECRUITED BY OUR OFFICERS WHO CAME TO MONTGOMERY FROM OTHER AGENCIES TESTAMENT TO BECOMING A DESTINATION POLICE DEPARTMENT. OUR OFFICERS ARE RECRUITING OTHER OFFICERS FROM OTHER DEPARTMENTS, CAPITALIZING ON RETENTION OF OUR TALENT AND INVESTMENT. ON BEHALF OF THE LEADERSHIP, I'D LIKE TO EXTEND SINCERE GRATITUDE TO THE TOWNSHIP COMMITTEE. LET US CONTINUE TO UPHOLD THIS COMMITMENT AND STANDARD AND MOVE FORWARD WITH THE SAME SPIRIT, TEAMWORK AND EXCELLENCE TO SURPASS THIS GOAL AND BECOME THE BENCHMARK FOR OTHER AGENCIES TO STRIVE FOR. JUST LIKE OUR PROGRAM. WITH THAT,

[00:45:06]

HE ATTENDED MONTCLAIR STATE UNIVERSITY, WHERE HE EARNED A BACHELOR'S DEGREE IN BUSINESS ADMINISTRATION AND MANAGEMENT IN MAY OF 2024. AFTER GRADUATING COLLEGE, HE WAS EMPLOYED AS A PROJECT PROJECT MANAGEMENT ADMINISTRATOR FOR MUNICIPAL MAINTENANCE COMPANY IN CINNAMINSON, NEW JERSEY. GERARDO WAS A VOLUNTEER FOR BIG BROTHERS BIG SISTERS OF AMERICA, WHICH PROVIDES YOUTH MENTORING AND GUIDANCE FOR PERSONAL DEVELOPMENT. OUR SECOND PROBATIONARY POLICE OFFICER SOON TO BE IS HUGO CALDERON. ROJAS RESIDES IN BRIDGEWATER, NEW JERSEY. HUGO ATTENDED RARITAN VALLEY COMMUNITY COLLEGE, WHERE HE EARNED AN ASSOCIATES DEGREE IN CRIMINAL JUSTICE IN 2024. HUGO WAS PREVIOUSLY EMPLOYED BY RJ BARNABAS HEALTH SOMERSET AND SOMERVILLE AS A LEAD SECURITY OFFICER. BOTH HUGO AND GERARDO ARE MULTILINGUAL AND FLUENT IN SPANISH, WHICH WILL BE A GREAT ASSET NOT ONLY TO OUR DEPARTMENT BUT TO CONTIGUOUS POLICE AGENCIES SURROUNDING BORDER. IN MONTGOMERY TOWNSHIP.

THEY WILL BE ATTENDING A 22 WEEK BASIC COURSE FOR POLICE OFFICERS AT THE PASSAIC COUNTY POLICE ACADEMY STARTING IN NOVEMBER. I BELIEVE IT'S NOVEMBER 12TH. ON BEHALF OF THE ENTIRE PD, I WANT TO PERSONALLY WELCOME GERARDO AND HUGO INTO THE MONTGOMERY TOWNSHIP PD FAMILY. ANY QUESTIONS ON THE RECRUITMENT? NO. THANK YOU. AS YOU SAID, WE APPRECIATE THE PARTNERSHIP AND COLLABORATION WITH OUR PD AND WE ARE VERY PROUD OF OUR PD. THANK YOU SO MUCH. IT'S BEEN A LOT A LOT OF STRATEGIES, SOME OF WHICH WE'VE WORKED ON TOGETHER, WHICH WENDY WAS INTRICATE IN WITH THE ORDINANCE THAT WE HAD ADOPTED. IT'S ALL ABOUT TIMING. THIS RECRUITMENT REVOLVED AROUND ABOUT FIVE AGENCIES IN THE COUNTY, ALL RECRUITING AT THE SAME TIME. SO THERE'S A LOT OF COMPETITION. WE WERE VERY LUCKY TO GET THE CALIBER OF INDIVIDUALS THAT WE GOT THE THE CHIEFS WITHIN THE COUNTY, THE 19 OF US, YOU KNOW, THREE HAD BACKED OUT FROM THE PROCESS. WE WERE THE FIRST ONES IN TO TRY TO LESSEN COMPETITION. BUT IT JUST IT, YOU KNOW, IT'S JUST SO MANY APPLICANTS OUT THERE. BUT I AM CONFIDENT THAT THE INDIVIDUALS THAT WE PRESENT TO YOU ARE THE BEST OF THE BEST. WE APPRECIATE IT. AND I'M VERY THANKFUL TO THE DEPUTY MAYOR WHO'S ON THE APPROPRIATE AUTHORITY WITH ME. YES, IT DOES TAKE YOU KNOW, WE WANT TO MAKE SURE WE HAVE THE BEST CANDIDATES AND THE BEST POLICE

[18. Oath of Office – Gerardo Toledo]

FROM THE BIBLE. YES. OKAY. PERFECT. WOULD YOU LIKE WHO'S GOING TO BE HOLDING THE BIBLES ON THE SCREEN? YEAH. VERY LONG. OKAY, SO EXCUSE ME. I, I, I YOU FOLLOW ME THAT I WILL SUPPORT THE CONSTITUTION, SUPPORT THE CONSTITUTION OF THE UNITED STATES FOR THE UNITED STATES AND THE CONSTITUTION AND THE CONSTITUTION OF THE STATE OF NEW JERSEY, NEW JERSEY, THAT I WILL BEAR TRUE FAITH AND ALLEGIANCE. ALLEGIANCE TO THE SAME. TO THE SAME, AND TO THE GOVERNMENTS AND TO THE GOVERNMENTS ESTABLISHED. ESTABLISHED IN THE UNITED STATES. IN THE UNITED STATES, AND IN THIS STATE AND IN THIS STATE, UNDER THE AUTHORITY OF THE PEOPLE, UNDER THE AUTHORITY OF THE PEOPLE. AND I WILL FAITHFULLY, IMPARTIALLY AND FAITHFULLY, IMPARTIALLY AND JUSTLY AND JUSTLY PERFORM ALL THE DUTIES, PERFORM ALL THE DUTIES OF THE OFFICE OF THE CITY CLERK OF THE OFFICE OF THE POLICE OFFICER, TO THE BEST OF MY ABILITY, TO THE BEST OF MY ABILITY. SO HELP ME. SO HELP ME GOD. YES.

[00:50:29]

CHEERS. OKAY. SO. RIGHT. I CAME WITH THE BUILDING. OH, REALLY? YEAH. WHY? BECAUSE THEY WERE NEVER. ONE MORE. LET'S DO THAT. OKAY. BETTER BE NEXT. WHICH? OKAY. RESOLUTION NUMBER 25,

[19. Resolution #25-10-328 - Authorizing the Appointment of Hugo Calderon Rojas as Probationary Police Officer in the Montgomery Township Police Department]

[20. Oath of Office – Hugo Calderon Rojas]

I. DO SOLEMNLY SWEAR. SOLEMNLY SWEAR THAT I WILL SUPPORT THE CONSTITUTION. THE CONSTITUTION OF THE UNITED STATES, THE UNITED STATES, AND THE CONSTITUTION OF THE STATE OF NEW JERSEY. THE CONSTITUTION OF THE UNITED. AND I WILL BEAR TRUE FAITH, TRUE FAITH AND ALLEGIANCE AND ALLEGIANCE TO THE SAME, AND TO THE GOVERNMENT.

TO THE GOVERNMENT ESTABLISHED ESTABLISHED IN THE UNITED STATES AND IN THIS STATE, UNDER THE AUTHORITY OF THE PEOPLE, UNDER THE AUTHORITY OF THE PEOPLE. AND I WILL FAITHFULLY, FAITHFULLY. AND JUSTLY AND JUSTLY PERFORM ALL THE PERFORM ALL THE DUTIES OF THE OFFICE OF THE OFFICE OF POLICE OFFICER, OF THE POLICE OFFICER, TO THE BEST OF MY ABILITY. SO HELP ME GOD. HELP ME GOD, I'M GOING TO.

[00:55:01]

LET ME GO BACK TO THE. OKAY. WELL, AGAIN, CONGRATULATIONS. AND AT THIS POINT, IF THE FAMILIES WANTED TO TAKE SOME PICTURES OUTSIDE, THAT'S MORE THAN WELCOME. THANK YOU. I WANT TO GO. OR SHOULD I CONTINUE? GET A SECOND? NUMBER? WEBSITE. RIGHT. NO. HOLD ON. FARMLAND.

YES. ONE SECOND. CAROLINE? YES. THERE WE GO. I THINK ONLY LIKE 1%. SURE, I KNOW MY MOM. OKAY.

[15. Presentation – Farmland Assessment]

IT'S NICE TO SEE AND TALK WITH THE FARMERS EVERY YEAR. THEY TAKE GREAT PRIDE IN THEIR HARD WORK. SOME RAISE CATTLE FOR BEEF, CHICKENS FOR FREE RANGE EGGS, BEES FOR HONEY. MOST APPLICANTS PRODUCE HAY HERE IN THE TOWNSHIP. IT'S THE EASIEST WAY TO QUALIFY AND ESPECIALLY IF THEY HAVE POOR SOIL. MY FAVORITE FARM IS THE LAVENDER AND ALPACA FARM ON ROUTE 601, AND THE NINE ACRE SUNFLOWER FARM ON BEATON'S BROOK ROAD. THANK YOU. OH, THERE WE GO.

MONTGOMERY TOWNSHIP HAS 172 QUALIFIED FARMLAND APPLICANTS TOTALING 4290 ACRES. 42 OF THE APPLICANTS ARE ENROLLED IN THE WOODLAND MANAGEMENT PROGRAM. 981 ACRES. 32 OF THE FARMLAND ASSESSED PROPERTIES ARE PRESERVED 2281 ACRES. WHAT IS FARMLAND? PRESERVATION. IT IS AN IMPORTANT PART OF KEEPING NEW JERSEY GREEN AND PROSPEROUS. FARMS ARE DEVELOPMENT.

EASEMENTS ARE ACQUIRED THROUGH THE FARMLAND PRESERVATION PROGRAM AND WILL FOREVER BE PROTECTED FOR AGRICULTURAL USE. THE LANDOWNER SELLS THE DEVELOPMENT RIGHTS. THIS PUTS DEED RESTRICTIONS ON PROHIBITING NONAGRICULTURAL DEVELOPMENT. MONTGOMERY SCENIC LANDSCAPES OF GREEN PRODUCTIVE FIELDS ARE AN IMPORTANT PART OF WHAT KEEPS OUR TOWNSHIP SO BEAUTIFUL AND DESIRABLE PLACE TO LIVE. I'M HONORED TO BE A REPRESENTATIVE OF THE COMMUNITY, AND HOPE THAT MY EXPERIENCE AND KNOWLEDGE OF THE TOWNSHIP SERVES YOU WELL. THAT CONCLUDES MY PRESENTATION FOR THIS EVENING. ANY QUESTIONS? THANK YOU. KNOW, THAT WAS REALLY INFORMATIVE. JUST A QUICK QUESTION. WHEN A PROPERTY IS, YOU KNOW, GETS THE FARMLAND

[01:00:04]

OKAY. I THINK SOMETIMES PEOPLE THINK THAT THERE MIGHT BE SOME OTHER BENEFITS, BUT REALLY IS JUST A COMMITMENT OF THE OWNER TO THE. YES. OKAY. WHAT IS THE WOODLAND MANAGEMENT PROGRAM? THE WOODLAND MANAGEMENT PROGRAM IS FOR PEOPLE WHO HAVE ACRES, ACRES OF WOODS, A WOODED, WOODED AREA. THEY WOULD CONTACT A AN APPROVED NEW JERSEY FORESTER. THEY WOULD MAKE A PRESERVATION CONSERVATION PLAN. IT'S A TEN YEAR PLAN. AND THEY HAVE TO FOLLOW THE PLAN FOR THE TEN YEARS. THEY WOULD THEY CAN CUT TIMBER, SELL THE WOOD. CORDS OF WOOD. BUT IT'S MANAGED BY THE WOODLAND MANAGEMENT PROGRAM BY FORESTER. AND THE STATE. YEAH. YES. SO SO WHAT'S WHAT'S THE PURPOSE IS IT LIKE TO, YOU KNOW, CLEAN UP DEAD, DEAD, DEAD TREES AND SERVE, CONSERVE AND PRESERVE. OKAY. ALRIGHT. THERE'S ALSO THE FOREST FOREST STEWARDSHIP PROGRAM, WHICH DOESN'T REQUIRE THE INCOME. THAT'S MORE OF A PRESERVATION PROGRAM IN CLEANING OUT INVASIVE SPECIES OF OF VINES AND TREES THAT MIGHT TAKE OVER AND KILL THE FORESTS. OKAY. THANKS. THANK YOU SO MUCH. YOU'RE WELCOME. OKAY. THANK YOU. CAROLYN, I JUST FOR THE TOWNSHIP COMMITTEE. IN THE PAST, WE HAVE BROUGHT DIFFERENT STAFF MEMBERS BEFORE YOU TO KIND OF GIVE YOU A LITTLE SNIPPET OF THE WORK THAT THEY DO AND SOME IMPORTANT INFORMATION TO SHARE. AND SO VERY PLEASED THAT JOE LEE, OUR IT DIRECTOR, AND CAROLYN BOWERS ARE TAX ASSESSOR. WE'RE ABLE TO MAKE IT TONIGHT AND AND DO THAT. AND WE REALLY APPRECIATE IT BECAUSE IT'S GOOD FOR OUR RESIDENTS, EVEN THOUGH THEY MAY NOT BE HERE, BUT I KNOW THAT THEY'LL BE WATCHING. IT'S BEING STREAMED. AND OF COURSE THEY CAN ALWAYS WATCH IT AFTER THE

[16. Presentation – Third Quarter Finance Update/Best Practices Discussion]

WE'LL TALK ABOUT THAT IN THE NEXT SLIDE. BUT TAXES WERE IN GOOD SHAPE WITH THE FOURTH QUARTER STILL BEING DUE COMING DUE NEXT MONTH. WE'RE JUST ABOUT WHAT WE WILL BE RIGHT AT WHERE WE BUDGETED FOR THE YEAR. INTEREST ON INVESTMENTS. YOU'LL SEE WE BUDGETED 1.1 MILLION.

WE'RE ALREADY AT 1.5 MILLION. WE'LL BE CLOSER TO THAT 1.8 MILLION AT THE END OF THE YEAR.

BUT AS WE BUDGET THROUGH THE NEXT COUPLE OF YEARS, WE ALL KNOW THAT THE RATES ARE GOING DOWN. SO OUR RETURN ON INVESTMENTS WILL ALSO BE DECREASING. SO WE DON'T WANT TO BE TOO OVER AGGRESSIVE DURING THE BUDGET YEAR AND ANTICIPATING TOO MUCH INTEREST, KNOWING THAT IN FUTURE YEARS WE'RE NOT GOING TO BE SEEING THESE KINDS OF NUMBERS SURPLUS $5.3 MILLION. WHATEVER WE ANTICIPATE IN OUR BUDGET IS WE DO AN ACCOUNTING ENTRY, A TRANSFER, AND THE FUNDS ARE THERE. SO WE RECEIVE THAT 5.3 AGAIN, THE USE OF SURPLUS IS A STRATEGIC TOOL. WE TALK ABOUT THAT DURING THE BUDGET PRESENTATION. THAT 5.3 IS ONE OF OUR HIGHEST YEARS. SO AS WE START WORKING THROUGH THE BUDGET FOR 2026, YOU KNOW WE'RE GOING TO KEEP AN EYE ON THAT TO MAKE SURE WE DON'T OVERBURDEN OURSELVES AND BECOME TOO OVERRELIANT ON OUR SURPLUS FEES AND PERMITS. WE BUDGETED 717,000 THROUGH SEPTEMBER 30TH.

WITH A QUARTER LEFT, WE'RE AT 661,000. SO AGAIN, I'M NOT GOING TO GO THROUGH ALL OF THESE MUNICIPAL COURT FINES, RIGHT. WE HAVE A SHARED SERVICE WITH HILLSBOROUGH. SO ANY VIOLATIONS ARE PROCESSED THROUGH HILLSBOROUGH. BUT THEY SEND US OUR SHARE. WE BUDGETED 110. WE'RE ONLY AT 61 ALMOST 62,000. SO IT LOOKS LIKE WE'RE GOING TO BE SHORT THERE UNLESS IT PICKS UP THIS FOURTH QUARTER. LET'S GO. CELL TOWER LEASES. WE'RE IN GOOD SHAPE. STATE AID.

WHATEVER THE STATE SAYS THEY'RE GOING TO GIVE US, WE'LL RECEIVE IT BY THE END OF THE YEAR. SO WE'RE GOOD THERE GRANT. SAME THING HERE. SO OUR REVENUES ARE RIGHT WHERE WE WANT THEM ACTUALLY BETTER THAN WE ANTICIPATED, WHICH IS A GOOD THING, RIGHT? WHEN WE TALK ABOUT THE BUDGET, LET'S SAY WE BUDGET X AMOUNT OF DOLLARS, $100 EASY NUMBER AND WE RECEIVE

[01:05:03]

THE PROPERTY TAX COLLECTION RATE. THAT'S REPRESENTS A PERCENTAGE OF PROPERTY TAXES COLLECTED COMPARED TO WHAT WAS BILLED. IT'S TRULY A VERY IMPORTANT INDICATOR IN TERMS OF FINANCIAL STRENGTH. AND IT DIRECTLY AFFECTS CASH FLOW RIGHT. IF WE'RE NOT RECEIVING THE TAXES THAT WE BILL, WE'RE GOING TO HAVE PROBLEMS PAYING OUR BILLS. SO IF YOU LOOK AT PRE-COVID 2020, WE WERE CONSISTENTLY EVEN PRIOR TO 2020, WE WERE CONSISTENTLY IN THE 99%.

WE STARTED DROPPING BECAUSE OF COVID. DURING THOSE COVID YEARS, WE'RE A LITTLE TOUGH, BUT NOW WE'RE BACK UP TO THAT 99%, OVER THAT 99%, AND WE'RE GOING TO END UP OVER THAT 99% AGAIN. SO AGAIN, VERY, VERY HEALTHY WHEN IT COMES TO OUR OUR TAX COLLECTION PERCENT. ANY QUESTIONS ON THAT. IT'S GREAT NEWS. IF I REMEMBER I THINK IT WAS IN Q1, I THINK IT WAS A LITTLE LOWER THAN WE LIKED IT, AND I'M GLAD TO SEE THAT IT'S KIND OF BACK TO CORRECT. YES.

AND LET ME GO BACK. WHAT WAS IT? AND IF YOU LOOK AT 2022, YOU KNOW, IT SHOWED BY THE, YOU KNOW, AT THE BEGINNING OF THE THIRD QUARTER, WE WERE AT 97.55. WE ENDED UP AT 98.87. SO IT FLUCTUATES. AND THE MOST IMPORTANT NUMBER IS AT THE END OF THE YEAR. BUT AGAIN WE'RE GOING TO BE OVER 99%, WHICH WAS WHAT WE WANT AND WHAT WE'RE USED TO. IN TERMS OF OUR APPROPRIATIONS, OUR EXPENDITURES. WE HAVE ABOUT 6.6 REMAINING TO GET US TO THE END OF THE YEAR. THERE'S NO RED FLAGS. YOU KNOW, THAT'S 19.26% OF OUR BUDGET, A LOT OF OUR HEAVIER, YOU KNOW, LIKE LIABILITY INSURANCE. IT'S PAID THE FIRST QUARTER OF OF THE YEAR. SO THAT'S WHY YOU DON'T SEE AN EXACT 25% LEFT, EVEN THOUGH 25% OF THE YEAR IS LEFT.

AND WE'RE GOING TO BE FINE. THERE'LL BE A COUPLE OF BUDGET TRANSFERS COME NOVEMBER. AND MUNICIPAL FINANCE, YOU CAN DO BUDGET TRANSFERS IN THE LAST TWO MONTHS OF THE YEAR, NOVEMBER AND DECEMBER. IT DOESN'T AFFECT THE BUDGET. BUT FOR EXAMPLE, LET'S SAY WE BUDGETED X AMOUNT OF DOLLARS IN THIS SALARY LINE ITEM. BUT IN OUR PAYROLL SYSTEM THE ALLOCATION IS RIGHT. MAYBE 10% OF THEIR SALARY SHOULD BE GOING TO THIS DEPARTMENT. SO THERE MIGHT BE SMALL BUDGET TRANSFERS LIKE THAT, BUT THERE'S NOT GOING TO BE ANY MAJOR BUDGET TRANSFERS THIS YEAR THAT THAT I FORESEE. YESTERDAY WE HELD OUR TAX SALE. THERE WERE 23 TAXES THAT WERE ON THERE THAT WE SOLD. IT WAS CONDUCTED VIA REAL AUCTION. IT'S AN ONLINE SITE.

MANY MUNICIPALITIES ARE NOW SWITCHING TO ONLINE TAX SALES. IT'S STATUTORILY REQUIRED THE PREVIOUS YEARS TAXES HAVE TO GET SOLD ON THE TAX SALE. IT DOES NOT MEAN YOUR PROPERTY IS ON SALE. IT JUST MEANS THAT A LIEN IS GOING TO GET PUT ON YOUR PROPERTY. AND TECHNICALLY, AFTER TWO YEARS, THE THE THE LIEN HOLDER, IF HE CONTINUES PAYING THOSE TAXES, CAN START THE FORECLOSURE PROCESS. THAT DOESN'T HAPPEN OFTEN. BUT AGAIN, WE HAD 23 PROPERTIES THAT WERE DELINQUENT RELATED TO 2024 TAXES, AND IT COULD BE SEWER TAXES OR PROPERTY TAXES. THOSE WERE ALL SOLD AT YESTERDAY'S TAX SALE. IT'S AND AGAIN, THE GOAL IS TO RECOVER FUNDS OWED TO THE TOWNSHIP, WHICH IS ESSENTIAL TO LOCAL SERVICES AND CAN CONTINUE SO WE CAN CONTINUE PROVIDING THOSE ESSENTIAL LOCAL SERVICES. PROPERTY TAX BILLS. THE FOURTH QUARTER ARE DUE NOVEMBER 1ST WITH A GRACE PERIOD OF NOVEMBER 10TH. SO THAT'S COMING UP. LET'S TALK ABOUT THE TAX ALLOCATION. YOU KNOW MUNICIPAL IS ABOUT 13.75%. COMMITTEE MEMBER MARTIN SPOKE ABOUT THE FILING ASSISTANCE SESSION COMING OCTOBER 20TH. AGAIN, I GIVE CREDIT TO CANDICE AND JEANNE IN THE FINANCE OFFICE. I'VE BEEN GETTING A LOT OF QUESTIONS ABOUT HOW TO FILL OUT THESE FORMS. SO THE REQUEST TO REACH OUT TO THE STATE AND WITH THE ASSISTANCE OF THE GOVERNING BODY TO PUSH THAT, THEY MADE THIS HAPPEN. SO THANK YOU, GOVERNING BODY, AND THANK YOU, GINA AND CANDICE ON THIS. YEAH. IF I CAN JUST DOUBLE DOWN ON THIS PLEASE. IF YOU HAVE NOT PUT IN YOUR APPLICATION AND IF YOU NEED ANY HELP, PLEASE COME. I THINK I MENTIONED THIS THE LAST TIME MY PARENTS DID GET ASSISTANCE. THEY DON'T LIVE HERE. THEY LIVE IN UNION COUNTY

[01:10:06]

SENSITIVE. YEAH. MAYBE WE CAN HAVE IT ON THE FRONT PAGE TILL WE. YEAH. AFTER THE WEBSITE.

THAT'S IT. THAT'S A GOOD THOUGHT. YEAH. SO 2026 BUDGET. WE ARE MEETING WITH THE DEPARTMENT HEADS TOMORROW TO HAVE OUR BUDGET KICK OFF. THEY'RE GOING TO HAVE ABOUT A MONTH, A LITTLE OVER A MONTH TO GET EVERYTHING BACK TO US. THIS IS GOING TO BE YOU KNOW, WE SAY EVERY YEAR IS A TOUGH BUDGET, BUT THIS ONE IS GOING TO BE EXTREMELY DIFFICULT BUDGET. THE OTHER THE DEPARTMENTS ARE GOING TO WE'RE GOING TO INSTRUCT THEM TO TO HOLD THAT LINE BENEFITS.

THE STATE BENEFITS ARE INCREASING ALMOST 40%. LUCKILY WE'RE NOT IN THE STATE. BUT AT THE SAME TIME, WE'RE HEARING OUR BENEFITS INCREASING OVER 20%. PENSIONS WILL BE INCREASING, LIABILITY INSURANCE, INCREASING CONTRACTUAL NEGOTIATIONS THAT WE'RE LOOKING TO CLOSE ON. INCREASING THAT LINE. IT'S GOING TO AGAIN, IT'S GOING TO BE A VERY DIFFICULT YEAR, RIGHT. OUR APPROPRIATIONS, OUR EXPENSES ARE INCREASING SUBSTANTIALLY FASTER THAN OUR REVENUE CAN INCREASE. SO YOU DON'T WANT TO OVERBURDEN THE TAXPAYER. THEY'RE ALREADY PAYING HIGH TAXES. RIGHT. THE SCHOOLS HAD TO MAKE TOUGH DECISIONS. SO WE'RE GOING TO DO OUR BEST TO HOLD THE LINE, CONTINUE TO FIND WAYS TO TO TO GET REVENUE. AT THE END OF THE DAY, THAT'S THE ONLY THING WE CAN DO, RIGHT? YOU THERE'S ONLY A CERTAIN POINT. YOU CAN RAISE TAXES. SO BUDGET AND FINANCE COMMITTEE, WE'RE GOING TO WORK HARD ON THAT. BUT I JUST WANT TO LET YOU KNOW THAT THE PROCESS IS STARTING. WE'RE HAVING A KICK OFF TOMORROW WITH THE DEPARTMENT HEADS. AFTER THAT, ONCE THEY GIVE US THEIR FORMS BACK, LORI AND I WILL MEET WITH THEM. FROM THERE, WE'LL START SETTING UP MEETINGS WITH THE BUDGET AND FINANCE COMMITTEE. AND JUST JUST BECAUSE, YOU KNOW, MIKE AND I HAVE BEEN DISCUSSING THIS, I THINK, YOU KNOW, WE REALLY PRIDED OURSELVES WITH SOME REALLY TOUGH DECISIONS AND KEEPING THE BUDGETS WELL BELOW THE RATE OF INFLATION. YOU KNOW, I'M CHALLENGING, YOU KNOW, OUR DEPARTMENTS TO REALLY LOOK AT, YOU KNOW, SOMETHING EVEN BROADER THAN THAT. AND I THINK IT'S GOING TO TAKE, YOU KNOW, TOUGH DECISIONS. WE KNOW THAT ALL ACROSS YOU KNOW, THIS COMMUNITY HAVE BEEN IMPACTED BY LAYOFFS. YOU KNOW THE COST GOING DOWN IF YOU'RE A CONSULTANT YOU KNOW, LACK OF WORK. AND SO, YOU KNOW, WE'RE TALKING ABOUT EVERY YEAR BEING A HARD YEAR. BUT I THINK NEXT YEAR IS GOING TO BE THE ONE WHERE, YOU KNOW, HOW CAN WE TOE THE LINE AS MUCH AS POSSIBLE. AND SO REALLY ASKING EVERYONE IN THE ADMINISTRATION TO ROLL UP THEIR SLEEVES AND THINK ABOUT WHAT CAN WE DO DIFFERENTLY TO KEEP, YOU KNOW, COSTS FLAT, YOU KNOW, TO REALLY FIND WAYS TO NOT IMPACT THE TAXPAYER OR MINIMIZE THAT. IT'S GOING TO BE, I THINK, THE HARDEST YEAR THAT WE'VE HAD, AT LEAST IN MY TENURE. YEAH, I THINK YOU'RE RIGHT. SO THE THE NEW DEVELOPMENT, WHOLE FOODS, WILL THAT BE A DO YOU ANTICIPATE HOW MUCH OF A POSITIVE IMPACT THAT WOULD HAVE ON OUR TAX DOLLARS. SO SINCE IT'S NOT ON OUR ROLLS YET. YEAH IT WOULDN'T WE WOULDN'T SEE THAT IMPACT UNTIL TRULY CAROLYN.

RIGHT. WITH THE ADDED HOW HOW WILL THAT WORK. SO THE WHOLE FOODS LIKE WHEN WILL WE SEE THOSE RAILS. WE WOULDN'T SEE IT NEXT YEAR 27. YEAH. SO WE WOULDN'T SEE THAT IMPACT UNTIL 2027 UNFORTUNATELY I SEE OKAY MIKE, I HAVE TWO QUESTIONS IN MY WALKS AROUND THE TOWN I DO HEAR AND WE TALKED ABOUT SHARED SERVICES, ABOUT DOING SHARED SERVICES WITH OTHER TOWNS. SO OUR COST IS LESS. WE ARE NOT HIRING ANOTHER EMPLOYEE FOR EXAMPLE. THIS IS JUST AN EXAMPLE. BUT WHAT ARE THE CONS OF DOING IT? LIKE IF WE DO SHARED SERVICES AND I KNOW WE ALREADY DO THAT, JUST TO LET THE RESIDENTS KNOW WE ALREADY LOOK INTO IT. BUT WHERE DOES IT COME TO A POINT WHERE THE SHARED SERVICE IS IMPACTING WHAT WE NEED TO GET DONE. SO I JUST WANT TO UNDERSTAND, BECAUSE THIS IS A QUESTION I GET ALL THE TIME TO SAY, HEY,

[01:15:04]

YEAH, YEAH, I'LL SPEAK TO THE CONS FIRST. AGAIN, WE'RE VERY EXPERIENCED IN SHARED SERVICES.

YOU KNOW, WHEN I FIRST GOT STARTED IN 2014, YOU KNOW OUR HEALTH OFFICER, OUR CURRENT HEALTH OFFICER DEVON PATEL, SHE WAS HIRED VIA SHARED SERVICE. RIGHT? STEPHANIE CAREY WANTED TO PROVIDE MORE SERVICES TO MONTGOMERY TOWNSHIP. WE DIDN'T HAVE THE FUNDS TO DO IT. SO AGAIN, SHE CAME UP WITH A PLAN SAYING, HEY, WHAT IF I CAN GET OTHER TOWNS TO BASICALLY PAY FOR THIS EMPLOYEE? BRILLIANT PLAN. IT WORKED, RIGHT? THEY PAID FOR FOR HOPEWELL TOWNSHIP.

HOPEWELL BOROUGH PAID MONTGOMERY TOWNSHIP. WE WERE ABLE TO TO GET GET DEVON. BUT BUT REAL QUICK THE CONS TO A SHARED SERVICE IS IF YOU'RE NOT STRATEGIC ABOUT IT AND YOU OVERBURDEN YOURSELF AND THE STAFF, IT'S JUST GOING TO FAIL. I'VE DONE A COUPLE OF PRESENTATIONS ON SHARED SERVICES BECAUSE WE WERE SO DISTINGUISHED IN IT IN THE PAST AT THE MUNICIPAL MANAGERS ASSOCIATION CONFERENCE, AT THE GFOA CONFERENCE. AND ONE OF THE THINGS I LIKE TO TELL EVERYONE IS THERE'S THREE PARTIES INVOLVED. THERE'S THE PROVIDING AGENCY, MONTGOMERY, THERE'S THE RECEIVING AGENCY, WHOEVER IT IS, AND THEN THERE'S EMPLOYEES WORKING. IT'S GOT TO BE A WIN FOR ALL THREE. IF IT'S NOT, IT'S NOT GOING TO LAST. IF THERE'S ONE PARTY THAT'S GETTING THE WIN, YOU WON'T EVEN GET AN AGREEMENT. IF THERE'S TWO PARTIES ARE GETTING THE WIN, YOU'LL GET AN AGREEMENT. BUT IT'S NOT GOING TO BE A LONG LASTING PARTNERSHIP. IF YOU HAVE THREE WINS IN THERE, IT'S GOING TO BE A VERY POSITIVE PARTNERSHIP BECAUSE, AS I SAY IN MY BUDGET PRESENTATIONS, AND AS WE'LL SEE THIS YEAR WHEN WE DO OUR BUDGET, THERE'S ONLY SO MANY STREAMS OF REVENUE. WE HAVE TO FIND NEW REVENUE, RIGHT? WE'RE NOT GOING TO DO CANNABIS. WE DON'T HAVE ANY PARKING METERS. WE DON'T HAVE ANY BEACH BADGES THAT SOME TOWNS HAVE. RIGHT. SO WE HAVE CELL TOWERS. WE'RE STARTING TO BUILD ON THAT.

OUR RATABLES ARE COMING ON. BUT AGAIN, IT'S NOT GOING TO BE ANYTHING MONUMENTAL. SO WE GOT TO BE STRATEGIC ABOUT IT. SO A LOT OF MUNICIPALITIES DON'T LIKE TO DO THAT, ESPECIALLY CONSOLIDATING MUNICIPALITIES AND DO SHARED SERVICES. IT'S THAT HOME RULE. WE WANT OUR OWN POLICE DEPARTMENT. WE WANT TO CONSOLIDATE BECAUSE THEN THEY'RE WORRIED, HEY, WE WON'T GET THE SAME SERVICE. AND LISTEN, IF I'M THE RECEIVING AGENCY, THERE'S A UNIVERSAL STANDARD WHEN IT COMES TO SHARED SERVICES. EVERYBODY KNOWS THAT WHOEVER'S PROVIDING IT, THOSE EMPLOYEES, THEIR PRIORITY IS THAT TOWN. LIKE WHEN WE DO SHARED SERVICES LIKE EVERYONE UNDERSTANDS. HEY, MONTGOMERY'S FIRST. THAT'S GOING TO GET OUR MAIN ATTENTION.

THEN YOU'RE GOING TO GET AS MUCH ATTENTION AGAIN. WE'RE GOING TO GET THE JOB DONE.

WE'RE GOING TO DO IT RIGHT. BUT MONTGOMERY COMES FIRST. EVERYONE UNDERSTANDS THAT IF THEY DON'T LIKE IT, YOU DON'T SIGN AN AGREEMENT. I KNOW THIS IS LONG WINDED, BUT AGAIN, SEARCH SERVICE NUMBER ONE, I'M A BIG FAN OF IT. I'VE BEEN THROUGH IT. I KNOW THE PROS AND CONS. I'VE DEALT WITH SOME HEADACHES, WHICH HAS TRULY HELPED ME. NOW WHEN I ANALYZE SEARCH SERVICE TO SEE THIS WILL WORK, THIS WON'T WORK. SO AGAIN, THE PROS ARE IF YOU DO IT RIGHT, IT'S THAT EITHER HEY, YOU CAN USE IT AS EXTRA REVENUE OR YOU CAN USE IT AS WE NEED THIS EMPLOYEE. THIS EMPLOYEE. HOW CAN YOU GET THIS EMPLOYEE FROM MONTGOMERY AND HAVE OTHER TOWNS PAY FOR IT? FROM CONS IF YOU DON'T DO IT PROPERLY, IF YOU BURN YOURSELF, IF YOU GET IN OVER YOUR HEAD, IF YOU DON'T DO YOUR DUE DILIGENCE, IT'S JUST IT'S GOING TO FAIL. I KNOW, I KNOW, WE TOOK OUT A FEW SHARED SERVICES IN THE PAST COUPLE YEARS. YES. AND IN DOING THOSE EVALUATIONS, WE FOUND THAT THEY WERE NOT BENEFICIAL OR FINANCIALLY BENEFICIAL TO US IN MONTGOMERY AND THE OTHER TOWNS BECAUSE THOSE COUNTRIES JUST KEPT ON BEING RENEWED AND IT WASN'T REEVALUATED THAT THAT THEY WERE REALLY TAKING ADVANTAGE OF US. SO I BELIEVE THAT SHARED SERVICES, IF WE DO DO IT, IT HAS TO BE REALLY EVALUATED WITH A FINE TOOTH COMB EVERY YEAR. OTHERWISE, YOU KNOW, YOU CAN JUST KEEP RENEWING THINGS AND NOT MATCH THE THE CURRENT COSTS. SO. SO YES AND NO 100% YES. IT SHOULD BE REVIEWED EVERY YEAR. NO. IN TERMS OF OUR PRIOR SHARED SERVICES. WE GOT TO A POINT WHERE THE THINKING BECAME, ALRIGHT, WE'RE MAKING A LITTLE BIT OF REVENUE, BUT NOW WE WANT TO MAKE A LOT OF REVENUE ON ON CERTAIN MUNICIPALITIES. SO SINCE WE'RE NOT MAKING A LOT OF REVENUE, IT'S NOT WORTH IT.

WHICH AGAIN, TO ME IT'S NOT. I DON'T BELIEVE THAT IF YOU CAN MAKE 20% AGAIN, WHEN YOU LOOK AT SHARED SERVICES, YOU REALLY AFTER ALL EXPENSES ARE PAID, SALARY, STIPEND, WHATEVER YOU DO, IF YOU CAN GET 30 TO 35, 25 TO 35% COMING BACK TO THE TOWN, THAT'S A WIN. IF YOU'RE NOT LOSING ANY SERVICE FROM THE TOWN, THAT'S A WIN TO THE TOWN. BUT WHEN YOU'RE LOOKING TO MAKE 60%, 65% ON ON ANOTHER MUNICIPALITY, THAT'S THAT'S NOT A PARTNERSHIP TO ME, THAT'S NEVER GOING TO WORK, BECAUSE WHY WOULD ANYBODY GO FOR SOME OF THE PRICES THAT AT THE TIME

[01:20:01]

NOW WE'RE I THINK, MORE OF A HAPPY MEDIUM, A HEALTHY BALANCE THAT, THAT, THAT WE'RE LOOKING FOR. NOT NOT ONE EXTREME OR ANOTHER EXTREME RIGHT, WHERE I THINK IS FAIR FOR EVERYBODY.

AND THAT'S THAT'S WHAT YOU WANT. NO, I THINK I DO AGREE WITH YOU. AND I REMEMBER THOSE SERVICES BEING TAKEN OUT. BUT YOU'RE RIGHT, WHEN WE START ASKING THE OTHER TOWNS FOR A LOT MORE MONEY THAN THERE IS A HEALTHY BALANCE, RIGHT? AND THEN THEY START SAYING, MAYBE I CAN GET SOMEONE PART TIME, WHY DO I HAVE TO GIVE IT TO, YOU KNOW, AND I THINK THAT'S WHAT WE GOT INTO. BUT YES, THIS IS SOMETHING THE TOWNSHIP COMMITTEE CAN LOOK INTO. WE CAN SEE WHAT WHAT ARE THE BENEFITS OF WHICH TOWNS THAT YOU WANT TO AND HOW MUCH IS REQUIRED FROM OUR EMPLOYEES. EXACTLY. IN THAT CASE, NO, I, I REALLY APPRECIATE THAT ANSWER. AND IT'S GOOD FOR OUR PUBLIC TO KNOW BECAUSE THEY DO ASK US THIS QUESTION. WHY CAN'T YOU DO SHARED SERVICES WITH THE SCHOOLS? WHY CAN'T YOU DO SHARED SERVICES WITH THE OTHER TOWNS? THAT'S A CONSTANT, CONSTANT QUESTION. I HAVE ONE MORE QUESTION, AND THIS IS WHAT I'M HEARING A LOT BECAUSE OF THE HILLSBOROUGH'S TAXES GOING UP REALLY HIGH. PEOPLE ARE VERY UPSET IN HILLSBOROUGH. I HAVE A LOT OF FRIENDS IN BELLE MEADE, WHICH IS HILLSBOROUGH AND MONTGOMERY, AND OF COURSE PEOPLE ARE WORRIED ABOUT US. SO THAT WAS ONLY THE SCHOOL IMPACT, IF YOU CAN SPEAK TO THAT A LITTLE, BECAUSE OBVIOUSLY PEOPLE ARE LISTENING AT HOME.

COULD YOU JUST EXPLAIN THAT TO US? SO EXPLAIN. SO I'M SORRY. JUST REPEAT THE QUESTION. WE'RE TALKING ABOUT HILLSBOROUGH, HILLSBOROUGH AND THEIR TAXES WENT UP QUITE A LOT. WAS THAT OR IF YOU DON'T KNOW WHAT HAPPENED THERE THAT'S FINE. WE CAN DO THAT IN ANOTHER. BUT YEAH, LET ME LOOK INTO THAT A LITTLE MORE. I DON'T WANT TO ANSWER WITHOUT HAVING THE FULL PICTURE. PLEASE DO, BECAUSE THAT'S A QUESTION I'M GETTING AS WELL. AND PEOPLE'S CONCERN THAT IF HILLSBOROUGH RAISED IT THIS MUCH IS MONTGOMERY NEXT. SO I JUST WANT TO MAKE SURE THAT, YOU KNOW, WE CAN REASSURE THE PEOPLE. OR WHAT IF ONCE YOU GET THAT INFORMATION, MAYBE YOU CAN PRESENT TO US IN A FURTHER MEETING, OR IF YOU'RE NOT ABLE TO COME, LORI CAN BRING IT UP TO US. YEAH. NO, I'LL TAKE A LOOK AT IT THIS WEEK. THEY CAN MOVE TO MONTGOMERY, BUT I'LL.

THE ONE THING THOUGH, I THINK WE HAVE REALLY STRONG CONTROLS. WE HAVE A TRIPLE A BOND RATING IN MONTGOMERY, AND THAT'S BECAUSE OF VERY, VERY HARD DECISIONS THAT WE MAKE. YOU KNOW, BEING VERY CAREFUL HOW WE USE OUR OUR SURPLUS. RIGHT. AND THAT'S NOT USED TO JUST, YOU KNOW, PAY FOR DAY TO DAY STUFF LIKE WE USE IT. IT'S LIKE OUR EMERGENCY RAINY DAY FUND. AND IT IT GIVES US A LOT OF BUFFER. AND I THINK I THINK IT'S IMPORTANT TO REASSURE THAT TO THE TOWNSHIP THAT WE, WE MAKE HARD DECISIONS EVERY YEAR. YOU KNOW, WHEN OTHER AREAS, I THINK MAKE EASY DECISIONS OVER A YEAR ONE YEAR TWO, YEAR THREE AND THEN FIND THEMSELVES IN A HOLE.

AND I THINK THEIR SCHOOL SYSTEMS AND TOWNSHIPS THAT HAVE FOUND THEMSELVES, AND WE SEE THAT IN THE NEWSPAPER, AND WE'RE PROUD THAT WE DON'T HAVE THAT IN MONTGOMERY, BECAUSE WE DO MAKE VERY HARD DECISIONS. AND, YOU KNOW, SOME OF THEM, YOU KNOW, SOMETIMES ARE UNPOPULAR. BUT I THINK THE MAJORITY OF THE TOWNSHIP, YOU KNOW, PREFERS, YOU KNOW, THE THE CONSERVATIVE APPROACH, I AGREE. YEAH. AND SPEAKING ABOUT THE CREDIT CREDIT RATING, YOU KNOW, WHENEVER WE HAVE THESE, YOU KNOW, CREDIT MEETINGS TO, TO REANALYZE WHERE WE'RE AT, THEY LOOK AT OUR FINANCIALS. ONE OF THE THINGS THAT ALWAYS COMES UP IS OF COURSE THEY LOOK AT OUR HOW OUR SURPLUS IS TRENDING. AND WE'RE ALWAYS, YOU KNOW, WE'RE RIGHT THERE. WE EITHER GO DOWN, GO UP A LITTLE, BUT WE CAN KIND OF REGENERATE THAT SURPLUS EVERY YEAR. THAT'S HUGE. AND ONE OF THE OTHER THINGS THEY SAY IS. MONTGOMERY, THE THE GOVERNING BODY DOESN'T HAVE KNEE JERK REACTIONS. IT'S EASY TO THROW IN $700,000 EXTRA IN SURPLUS FOR ONE YEAR TO DECREASE THE TAXES. BUT THEN GUESS WHAT? NEXT YEAR, IF YOU CONTINUE THAT YEAR OVER YEAR, YOU'RE DRAINING YOUR SURPLUS AND YOU'RE GOING TO GET TO THE YEAR WHERE NOW YOU GOT TO INCREASE YOUR TAXES BEYOND THE SCOPE THAT YOU'D EVER WANT TO INCREASE. YEAH. SO THE GOVERNING BODY, YOU GUYS, I APPLAUD YOU FOR DOING SUCH A GREAT JOB WITH THE BUDGET. I'M SURE IT'LL BE THE SAME THIS YEAR, BUT ANY OTHER QUESTIONS? AGAIN I GOT A COUPLE MORE SLIDES AND NO, THAT'S FINE. I THINK WE DID GO ON A LOT OF OTHER QUESTIONS. THANK YOU SO MUCH, MIKE. OKAY. AS YOU KNOW, EVERY YEAR WE HAVE A BEST PRACTICES QUESTIONNAIRE FROM THE STATE. THEY HAVE ABOUT 5060 QUESTIONS THIS YEAR. NOT ALL OF THEM ARE GRADED. THEY USE SOME OF THEM UNSCORED, UNSCORED QUESTIONS TO GET DATA BACK FROM MUNICIPALITIES. A LOT OF UNSCORED QUESTIONS THIS YEAR HAD TO DO WITH THE THE THE THE. YEAH THE LEAD PAINT INSPECTIONS.

SO AGAIN, THE STATE IMPLEMENTED SOME SOME STATUTES REGARDING THE LEAD. THEY WANT TO SEE HOW IT'S GOING. BUT REGARDLESS, AGAIN, THIS EVALUATES MUNICIPALITIES FINANCIAL MANAGEMENT, PERSONNEL PROCUREMENT TRANSPARENCY AND GOVERNMENT. IT PROMOTES ACCOUNTABILITY FISCAL DISCIPLINE AND EFFICIENT SERVICE DELIVERY. YOU HAVE TO

[01:25:02]

IT SAID THAT, YOU KNOW, ONE OF THE BEST PRACTICES IS TO HAVE EVERY AGREEMENT, EVERY SIDEBAR, EVERY MOU ON THE WEBSITE, WHICH WE'RE REVIEWING, THAT WE'LL TALK TO WENDY ABOUT THAT. BUT AGAIN, EVERYTHING IS PUBLIC RECORDS. WE HAVE EVERYTHING. IT'S JUST A MATTER OF GETTING IT ONLINE AGAIN. IT'S A LOT OF DOCUMENTS. MIKE, CONGRATULATIONS ON SCORING A 96.5% ON THE TEST. AND THAT'S THAT'S TRULY I MEAN, THE ADMIN OFFICE WITH ALL THE POLICIES AND PROCEDURES, ALL THE STUFF. AGAIN, IT'S AND I YOU KNOW WHAT? I'VE BEEN IN A BUNCH OF TOWNS AND SOME OF THE TOWNS I'VE BEEN IN TRULY MAKES ME APPRECIATE WHAT WE HAVE HERE IN MONTGOMERY WHEN IT COMES TO EMPLOYEES. I MEAN, IT'S IT'S ACTUALLY KIND OF SCARY HOW GOOD WE SOMETIMES KNOCK ON WOOD. SO, YOU KNOW, IT'S A TESTAMENT TO OUR EMPLOYEES. WE'RE VERY FORTUNATE TO HAVE THEM. SO AGAIN, IT'S A SUCCESSFUL BEST PRACTICE. THERE'S ALWAYS ROOM FOR IMPROVEMENT AS YOU CAN SEE. BUT AT THE END OF THE DAY, I THINK, YOU KNOW, WE'RE WHERE WE WANT TO BE. BUT WE'LL CONTINUE TO STRIVE FOR EXCELLENCE OF COURSE. OKAY. SO ANY OTHER QUESTIONS? NO, NO, I JUST WANTED TO CONGRATULATE YOU AS WELL. I DID INTRODUCE YOU AS THE AMAZING CFO. SO YOU LIVED UP TO IT. THE ONLY THING WE DON'T HAVE IS THE THE BEACH TAGS NEED TO WORK ON THAT. OKAY. LET'S. YEAH, SOMETHING SOMETHING THERE NEEDS TO BE WORKED ON. BUT THANK YOU SO MUCH. WE WE APPRECIATE IT. AND WE LIKE THE FACT, AS THE DEPUTY MAYOR SAID, 96% AND A HALF, 96.5%. I MEAN, MIKE THAT'S WONDERFUL. THANK YOU. YES. AND OF COURSE, THE EMPLOYEES WHO WORK WITH YOU TO MAKE SURE THAT WE STAY WITHIN AND, YOU KNOW, FISCALLY RESPONSIBLE IS OUR MANTRA FOR THE ENTIRE TOWNSHIP COMMITTEE. AND THANK YOU SO MUCH FOR WORKING WITH US ON THAT. THANK YOU. OKAY. I'M JUST TRYING TO SEE WHERE WE ARE. RESOLUTION NUMBER 218. RIGHT. RESOLUTION. OH YES. SORRY. 19. NO OKAY. WE HAVE THE STATEMENT. YES. THANK YOU. OKAY. THANK YOU SO MUCH, MIKE. AFFORDABLE HOUSING STATEMENT. AND AT THIS TIME I

[21. Statement – Affordable Housing Update]

[01:30:02]

YOUR INPUT ON OUR AFFORDABLE HOUSING MANDATE TRULY MATTERS. WE SEE YOU, WE HEAR YOU, AND YOUR SUGGESTIONS AND CONCERNS REMAIN AT THE FOREFRONT OF EVERY DECISION THAT IS MADE BY

[22. Presentation – Village Walk PILOT]

THIS IS PRE-NEGOTIATED. SO IT'S BEEN DONE BEFOREHAND. SO WE KNOW WHAT THE NUMBERS ARE GOING TO BE, WHAT THE PERCENTAGES ARE GOING TO BE, WHY IT MATTERS, YOU CAN SEE PROVIDES STABILITY AND PREDICTABILITY FOR BOTH THE TOWNSHIP AND THE DEVELOPER. EVERYONE KNOWS THE LONG TERM FINANCIAL PICTURE. WHEN YOU HAVE A PILOT, THE MAIN GOAL IS TO ENCOURAGE REDEVELOPMENT HELPS COMPLEX PROJECT. COMPLEX PROJECTS FINANCIALLY FEASIBLE BY OFFSETTING EXTRAORDINARY COSTS AND ENSURE ENSURE PILOTS ARE NOT A TAX BREAK. IT'S A PARTNERSHIP TOOL THAT HELPS REVITALIZE PROPERTIES, SUPPORT SMART GROWTH AND ENSURE TOWNSHIP BENEFITS FINANCIALLY OVER LONG TERM. BENEFITS OF A PILOT AGREEMENT. AGAIN, ENCOURAGES REDEVELOPMENT AND INVESTMENTS IN UNDERUTILIZED AREAS. GENERATE SIGNIFICANTLY, SIGNIFICANTLY HIGHER REVENUE.

AS YOU WILL SEE WHEN WE TALK ABOUT THE NUMBERS, PROVIDES LONG TERM FINANCIAL STABILITY, WHICH I MENTIONED BEFORE. IT CREATES JOBS AND STIMULATES LOCAL ECONOMIC GROWTH. WE'LL TALK ABOUT THAT LATER AS WELL. SAME WITH THE LAST BULLET POINT. IT INCLUDES INFRASTRUCTURE IMPROVEMENTS AND NO DIRECT TAXPAYER COSTS IN THIS PROJECT. AS YOU WILL SEE, WILL LIST SOME OF THE INFRASTRUCTURE AND COMMUNITY IMPROVEMENTS THAT IT BRINGS ALONG. SO TONIGHT WE'RE GOING TO TALK SPECIFICALLY ABOUT TWO ITEMS ON YOUR AGENDA. TONIGHT WE HAVE A PUBLIC HEARING ON THE ANCHOR RETAIL PROJECT, PHASE ONE FOR THE VILLAGE WALK PROJECT. WE'RE GOING TO WALK YOU THROUGH THAT TONIGHT. AND AS AN INTRODUCTION WE HAVE PHASE TWO ORDINANCE BEING INTRODUCED FOR THAT PILOT. AND SO WE'RE GOING TO KIND OF COVER BOTH OF THEM TONIGHT.

WE'RE WE'VE ALREADY INTRODUCED PHASE ONE. TONIGHT'S THE PUBLIC HEARING. AND WE'RE INTRODUCING PHASE TWO. AND THEN IN NOVEMBER THAT PUBLIC HEARING WILL BE HELD AS BACKGROUND TO FOR FOLKS

[01:35:06]

THAT'S THE PUBLIC HEARING THAT'S ON FOR TONIGHT. IT'S 9995FT■!S OF RETAIL AND COMMERCL SPACE. AND WE HAVE THE MIXED USE AFFORDABLE BUILDING. SO THE FIRST FLOOR HAS 21,360FT■!S OF RETAIL. AND THERE'S 52 APARTMENTS, 12 OF WHICH ARE AFFORDABLE. AND THROUGH THIS PROCESS, WE WE REWORKED THE NUMBERS SO THAT ONE OF THE MARKET RATE BECAME AN ADDITIONAL AFFORDABLE. SO NO INCREASE IN TOTAL UNITS SINCE THE PROJECT HAD BEEN APPROVED.

BUT THROUGH THIS PROJECT, THE PILOT PROJECT, WE WERE ABLE TO GET AN ADDITIONAL. RECALCULATED, JUST KIND OF GOING BACK INTO HISTORY, IF YOU REMEMBER THIS, THIS PROJECT BACK IN 2016, THIS IS WHAT IT LOOKED LIKE, THE FIRST PHASE OF VILLAGE. BACK THEN IT WAS CALLED VILLAGE SHOPPER. IT WAS VILLAGE SHOPPER ONE, TWO AND THREE. THE FIRST PHASE WAS CONSTRUCTED IN 1978.

THE SECOND WAS IN 1982 WHEN THE CURRENT OWNER ACQUIRED IT IN 2016, VILLAGE SHOPPER ONE HAD AN 80% VACANCY RATE AND THERE WAS AN ENVIRONMENTAL CONTAMINATION ISSUE. THERE WAS AN OIL TANK LEAK THAT THAT HAS SINCE OBVIOUSLY BEEN CLEANED UP AND AND EVERYTHING'S BEEN APPROVED BY DEP. VILLAGE SHOPPER TWO WAS 40% VACANT UPON PURCHASE. AND THEN I THINK IF YOU RECALL, SOME OF THOSE TENANTS MOVED ACROSS THE STREET TO MONTGOMERY SHOPPING CENTER.

SO IT IT LATER BECAME 80% VACANT WITHIN A YEAR. SO IN 2018 THERE WAS AN OVERLAY ZONE.

AND THEN IN 2025 WE DID THE REDEVELOPMENT PLAN. AND THEY WERE REALLY TO EFFECTUATE SEVERAL TOWNSHIP POLICY INITIATIVES THAT WERE SET FORTH BACK PRIOR TO 2018, PROVIDE ROUND THREE AFFORDABLE HOUSING ALONG THE PUBLIC TRANSIT LINE. AND SO YOU CAN SEE THIS 2016 AERIAL OF THE PROPERTY, WHERE IN THE BACK THERE WAS AN OLD SEPTIC SYSTEM, IT WAS REMOVED AND THE SITE WAS CONNECTED TO SEWER. SO THAT LAND BECAME AVAILABLE. AND SO THE OLD ONE STORY RETAIL HAS SINCE COME DOWN. AND WHAT YOU'RE SEEING, WHAT YOU WILL SEE AS PART OF THIS PROJECT IS THAT THREE STORY. IT'S THREE STORY IN THE FRONT, BUT IT BECAUSE OF THE GRADE OF THE PROPERTY AND HOW IT RISES AT THE REAR, IT ENTERS AT THE SECOND FLOOR AT THE BACK.

AND THAT WILL BE TWO STORIES OF, OF THE, THE APARTMENTS. AND THAT INCLUDES OUR AFFORDABLE UNITS THERE. AND I'M GOING TO GO THROUGH THE OTHER TWO AS WELL. AND OF COURSE AT THE BOTTOM WE HAVE THE THE NEW JERSEY TRANSIT BUS LINE. SO THAT WAS ONE OF THE OTHER KEY COMPONENTS TO ROUND THREE PLANNING. SO ANOTHER GOAL WAS TO HAVE DEVELOPERS CONSTRUCT THESE MASTER PLANNED LOOP ROADS. SO THE SECTIONS WE'RE TALKING ABOUT SPECIFICALLY TONIGHT WITH THIS PROJECT ARE IDENTIFIED HERE BRECKNELL WAY AND VILLAGE DRIVE LOOP ROAD. THESE ARE JUST AN OVERVIEW OF THE RED STAR. TO RED STAR IS THE THE FULL CONNECTION OF VILLAGE DRIVE WHERE IT IT BEGINS ON THE RIGHT OF THE IMAGE AT 206 AND ENDS AT 518, AND THE PURPLE TO PURPLE STAR IS BRECKNELL WAY 206 TO 518. JUST TO KIND OF GIVE YOU AND THE THE PIECE OF VILLAGE DRIVE THAT IS TO BE COMPLETED AS PART OF THE ANCHOR BUILDING PROJECT IS CIRCLED IN GREEN.

KIND OF GIVE YOU A PERSPECTIVE OF WHERE THINGS ARE AT. AND THE LAST PIECE OF A POLICY INITIATIVE AT THE TIME WAS TO ENHANCE THE COMMERCIAL RATABLE BY IMPROVING APPEARANCE TO ATTRACT NATIONAL RETAILERS AND DECREASE VACANCY RATE, AND IN ORDER TO INCREASE THE PROPERTY VALUE AND TO CREATE A WALKABLE DOWNTOWN. SO YOU CAN SEE 2016 THAT WAS VILLAGE SHOPPER ONE 2026. THIS IS THE BUILDING WITH JERSEY MIKE'S ORANGE THEORY STARBUCKS. SO ONE OF THE I'M SORRY, I SAID DEFINITELY A BIG DIFFERENCE IN THE 2016 AT THE 2026, THE CONSTRUCTION SCHEDULE FOR THE ANCHOR BUILDING AND COMPLETION OF VILLAGE DRIVE, I KNOW THAT HAS BEEN A TOPIC OF CONVERSATION HERE. SO THIS IS THE LATEST CONSTRUCTION SCHEDULE THAT WE'VE RECEIVED

[01:40:01]

BECAUSE REMEMBER THAT ANCHOR BUILDING IS SERVING AS THE RETAINING WALL FOR VILLAGE DRIVE. EARLY DECEMBER. YOU'RE GOING TO SEE FOUNDATION WALLS LATE DECEMBER. POURING OF THOSE FOUNDATION WALLS INTO JANUARY. NOW THE ONE THING THAT I WANT TO NOTE IS IN LATE NOVEMBER, THE ASPHALT PLANTS BEGIN TO SHUT DOWN. SO IN TERMS OF WHAT WILL BE TAKING PLACE OVER THE WINTER IS THE ANCHOR BUILDING, YOU KNOW, SHELL BEING COMPLETED SO THAT COME FEBRUARY YOU SEE THE ROAD CONSTRUCTION SUBGRADE CAN BEGIN IN THE BASE COURSE BEING INSTALLED. ONCE THAT FOUNDATIONAL WALL IS ON AND THE ASPHALT PLANTS REOPEN, EVERYTHING IS READY TO GO FOR VILLAGE DRIVE TO BE PAVED AND OPENED COME MAY. THAT'S THE CURRENT SCHEDULE. I'M GOING TO TURN IT OVER TO MICHAEL. THIS IS GOING TO DO THE READER'S DIGEST VERSION OF THE FINANCIAL HIGHLIGHTS, AND THEN DANIEL WILL COME IN TO END IT WITH THE DEEP DIVE. THANK YOU LORI. SO WE'LL WE'LL START WITH PHASE ONE, THE ANCHOR PORTION, CURRENT PROPERTY TAX REVENUE.

WE'RE LOOKING AT ABOUT $6,279 A YEAR, PROJECTED ANNUAL SERVICE CHARGE FOR THE FIRST YEAR WITH THE PILOT IS $25,650. THAT'LL GIVE US ABOUT 1.1 MILLION OVER THE LIFE OF THIS PILOT AGREEMENT. AND AGAIN, THIS STAGED INCREASES SO THAT 25 WILL INCREASE YEAR OVER YEAR.

THERE'S ALSO AN ADDITIONAL ADMINISTRATIVE FEE OF 2% THAT WE CAN CHARGE THEM, THAT WE WILL CHARGE THEM. IN TERMS OF THE MIXED USE, IT'S A MUCH HIGHER NUMBER. CURRENT PROPERTY TAX REVENUE IS 18,000 636,000. PROJECTED ANNUAL SERVICE CHARGE FOR YEAR ONE $151,535. AND AS YOU'LL SEE WITH DANIEL'S SCHEDULE, IT GETS MUCH HIGHER THAN THAT. TOTAL SERVICE CHARGE OVER 30 YEARS IS OVER $10 MILLION. ONCE AGAIN, STAGED INCREASES, AS YOU WILL SEE IN THE NEXT COUPLE OF SLIDES, AND AGAIN A 2% ANNUAL SERVICE CHARGE. SOME OF THE INFRASTRUCTURE AND COMMUNITY BENEFITS THAT WE SPOKE ABOUT BEFORE. THERE'S A ROADWAY AND TRAFFIC LIGHT IMPROVEMENTS, OF COURSE, DEVELOPER FUNDED NEW SIDEWALKS AND TOWNSHIP REQUESTED BANNERS, PUMPING STATION UPGRADES, RETAINING WALL AND SITE WORK COSTS. MOST IMPORTANTLY, IT PUMPS SOME LIFE INTO THE ECONOMY, RIGHT? ESTIMATED 100 TO 250 CONSTRUCTION JOBS, AS WELL AS 80 TO 100 PERMANENT JOBS. ONCE EVERYTHING'S UP AND RUNNING.

GOOD EVENING EVERYONE. MY NAME IS DANIEL BANKER AND I WORK WITH NYU FINANCIAL AS FINANCIAL CONSULTANTS FOR THE TOWNSHIP. THANK YOU FOR SETTING THE STAGE. YOU DID A LOT OF WORK FOR ME, AND I MUST SAY, THIS IS A BEAUTIFUL BUILDING AND A BEAUTIFUL ROOM. THIS IS MY FIRST TIME HERE AND IT'S PHENOMENAL. SO THE FIRST, BEFORE I GET INTO THE FIRST SLIDE, I JUST WANT TO TALK A LITTLE BIT ABOUT THE PROCESS. WHEN WE LOOK AT A REDEVELOPMENT PROJECT, WE REVIEW THE DEVELOPER'S FINANCIALS WHICH HAVE THEIR RENT ASSUMPTIONS, OPERATING EXPENSE ASSUMPTIONS, ESTIMATED PROJECT COSTS, DEBT VERSUS EQUITY, INTEREST RATE ASSUMPTIONS, LEASE UP ASSUMPTIONS, AND WE REVIEW THE CURRENT MARKET CONDITIONS. AND IF WE FEEL IT'S NECESSARY TO MAKE ADJUSTMENTS, WE DO SO. SO THE NUMBERS YOU'RE SEEING ON THIS PRESENTATION ARE GOING TO BE BASED ON OUR. IF WE FELT THERE WERE NECESSARY ADJUSTMENTS WE MADE THOSE ADJUSTMENTS. SO FIRST IF WE GO TO THE THE NEXT SLIDE. YES. SO PHASE ONE AS DESCRIBED IS A ONE STORY RETAIL COMMERCIAL BUILDING APPROXIMATELY 10,000FT.

WHAT YOU'RE LOOKING AT HERE I KNOW THERE'S A LOT OF NUMBERS, BUT ON THE LEFT SIDE IS THE CONVENTIONAL TAX SCENARIO. SO BEFORE WE CONSIDER A PILOT OF ANY KIND, WE FIRST LOOK AT THE ECONOMICS OF THE PROJECT. IF IT WAS TO PAY CONVENTIONAL TAXES, YOU KNOW, WE DON'T WE WOULD NOT RECOMMEND A PILOT IF THE PROJECT COULD BE FINANCIALLY FEASIBLE PAYING FULL TAXES. AND THERE'S A FEW DIFFERENT METRICS THAT WE LOOK AT WHEN DETERMINING FEASIBILITY. ONE IS THE INTERNAL RATE OF RETURN, WHICH IS A METRIC THAT CONSIDERS THE AMOUNT OF EQUITY A DEVELOPER PUTS IN. AND IF THEY SELL IT AFTER TEN YEARS, WHAT IS THAT AVERAGE RATE OF RETURN OVER THAT TEN YEAR PERIOD? TYPICAL MARKET RETURN IS SOMEWHERE BETWEEN 10 AND 15% FOR IRR. HERE. YOU SEE UNDER CONVENTIONAL TAXES IT'S A NEGATIVE NUMBER. SO FIRST RED FLAG THAT THIS MAY NEED SOME ASSISTANCE OF SOME KIND. NEXT IS YIELD ON COST. THAT IS THE NET OPERATING INCOME OF THE PROJECT DIVIDED BY THE TOTAL PROJECT COST. AGAIN THERE ARE STANDARDS IN THE MARKET. DEVELOPERS ARE TYPICALLY TARGETING A YIELD ON COST

[01:45:02]

SO IN THIS CASE, THAT 1.03 NUMBER BASICALLY MEANS THAT AFTER, YOU KNOW, CONSIDERING THE RENTS AND THE EXPENSES, THEY'RE GOING TO HAVE BASICALLY JUST ENOUGH MONEY TO PAY BACK THE LOAN. THERE WILL BE ALMOST NOTHING LEFT IN CASH FLOW, CASH FLOW FOR THE PROJECT, AT LEAST INITIALLY. SO BASED ON ALL OF THOSE FACTORS, IT'S CLEAR TO US THAT IT'S HIGHLY UNLIKELY THAT THIS PROJECT WOULD MOVE FORWARD, THAT IT WOULD GET THE FINANCING IT NEEDS UNDER CONVENTIONAL TAXES. SO THEN IF YOU LOOK TO THE RIGHT, YOU HAVE THE SAME NUMBERS, SAME RENT ASSUMPTIONS, SAME OPERATING EXPENSES ASSUMPTIONS, SAME PROJECT COST ASSUMPTION. THE ONLY DIFFERENCE IS THAT PROPERTY TAX LINE ITEM IS NOW THE PILOT PLUS ADMIN FEE LINE ITEM. AND YOU'LL SEE IT'S ABOUT 50% OF WHAT CONVENTIONAL TAXES WOULD BE. NOW I WILL SAY THAT PHASE ONE IS EXTREMELY TIGHT ECONOMICALLY. I DON'T FEEL LIKE THIS PROJECT, PHASE ONE ON ITS OWN WOULD GET BUILT.

IT'S BASICALLY A PACKAGE DEAL WHERE PHASE ONE IS THE ANCHOR THAT WILL GENERATE FOOT TRAFFIC AND ASSIST WITH THE LEASE UP OF THE RESIDENTIAL COMPONENT AND THE LARGER RETAIL COMPONENT OF PHASE TWO. SO HERE YOU DO GET TO A DEBT SERVICE COVERAGE RATIO OF 1.2. I WILL SAY THE DEVELOPER IS GOING TO HAVE TO PROVIDE A SIGNIFICANT AMOUNT OF EQUITY TO GET TO THAT 1.2 COVERAGE RATIO, AND YOU'RE STILL AT YIELDS THAT ARE MUCH LOWER THAN THE MARKET. SO FOR THIS PROJECT, IF WE GO TO THE NEXT SLIDE. ACTUALLY. SO YEAH WE'LL GO INTO PHASE TWO. AND THEN I'LL GO INTO THE ECONOMICS OF THE OF PHASE ONE AND PHASE TWO. SO PHASE TWO THIS IS THE UNIT MIX. THERE'S A CAVEAT HOWEVER AS THE TEAM MENTIONED EARLIER THERE ARE 12 AFFORDABLE UNITS IN THE PROJECT. I APOLOGIZE. THIS SPREADSHEET SHOWS 11 AFFORDABLE UNITS. I BELIEVE 11 WAS THE ORIGINAL NUMBER THAT WAS PROPOSED. AND THAT WAS WHAT THE FINANCIALS AND THE APPLICATION INCLUDED. AND WE DID NOT UPDATE THE UNIT MIX. SO THE TOTAL UNIT COUNT IS STILL 52. BUT NOW THERE WILL BE 40 MARKET RATE UNITS AND 12 AFFORDABLE UNITS. ONE OF THE ADJUSTMENTS THAT WE DID MAKE ON THE REVENUE SIDE FOR PHASE TWO WAS WE INCREASED THE DEVELOPERS RENTS PRETTY DRAMATICALLY. WE TOOK A LOOK AT SOME OF THE COMPS, ESPECIALLY, I BELIEVE IT'S RIGHT ACROSS THE STREET, THE SOMERSET AT MONTGOMERY, WHICH WAS BUILT, I BELIEVE, LAST YEAR. AND SO WE TOOK A LOOK AT WHAT THE CURRENT AVAILABILITIES ARE AT THAT BUILDING, AND WE INCREASED THE DEVELOPERS PROJECTIONS BY, I BELIEVE, 25%. SO. WHAT YOU'RE SEEING HERE ARE MORE APPROPRIATE RENT ASSUMPTIONS, I BELIEVE, WHICH PLAYS A ROLE IN THE DEVELOPERS RETURNS. AND IT ALSO PLAYS A ROLE IN THE PROJECTED PILOT REVENUE, BECAUSE OBVIOUSLY THE PILOT REVENUE IS BASED ON A PERCENTAGE OF ACTUAL REVENUE.

SO IF RENTS ARE HIGHER THAN THIS, THE PILOT WILL BE HIGHER THAN THIS. IF RENTS ARE LOWER THAN THIS, THE PILOT WILL BE LOWER THAN THIS. AND YOU'LL SEE, YOU KNOW, THERE ARE MULTIPLE FACTORS THAT AFFECT FEASIBILITY, ESPECIALLY FOR A RESIDENTIAL PROJECT. ONE IS MARKET RATE VERSUS AFFORDABLE. YOU KNOW, THIS PROJECT WOULD LOOK A LOT DIFFERENT IF IT WAS 100% MARKET RATE. THE RETURNS WOULD BE HIGHER. ANOTHER IS STRUCTURED PARKING VERSUS SURFACE PARKING.

THIS ALLOWS FOR SURFACE PARKING, WHICH IS, YOU KNOW, CHEAPER TO BUILD THAN STRUCTURED PARKING.

STRUCTURED PARKING COSTS 25 30,000 PER SPACE. SURFACE PARKING COSTS 5000 7500 PER SPACE. SO IN THIS CASE YOU DON'T HAVE THE ISSUE WITH STRUCTURED PARKING. THE OTHER PIECE IS SITE WORK, YOU KNOW, AND THE TOWNSHIP INFRASTRUCTURE. THAT'S SOMETHING THAT'S UNIQUE ABOUT THIS PROJECT, AS WELL AS THE ELEVATION CHANGES THAT MAKE IT A LITTLE BIT MORE DIFFICULT TO BUILD, MORE EXPENSIVE TO BUILD. BASED ON THE ESTIMATES BETWEEN TRAFFIC LIGHT IMPROVEMENTS, BYPASS ROADS, PUMPING STATION UPGRADES, RETAINING WALLS, AND THE INCREASED COST OF THE BUILDING. BECAUSE OF THE ELEVATION, THERE'S ABOUT $4 MILLION OF ADDITIONAL COSTS. THAT WOULDN'T BE THE CASE IN A DIFFERENT LOCATION. SO BETWEEN THE 20% AFFORDABILITY, THE ADDITIONAL $4 MILLION IN EXTRAORDINARY COSTS, THAT IS WHAT'S PUTTING A

[01:50:03]

JUST TO GIVE YOU A SENSE THAT WE FEEL CONFIDENT THAT THAT IS IN LINE WITH HOW IT WOULD BE ASSESSED. AND THEN FOR THE RETAIL COMPONENT, THERE'S ALSO THE VILLAGE SHOPS. THAT IS A I THINK IT'S JUST UNDER 10,000 SQUARE FOOT EXISTING RETAIL BUILDING THAT WAS RECENTLY BUILT. THAT ONE'S PAYING ABOUT $7 PER SQUARE FOOT. SO WE USE THAT ASSUMPTION FOR THE RETAIL COMPONENT. SO AGAIN, UNDER CONVENTIONAL TAXES THE RETURNS ARE LOW IN TERMS OF INTERNAL RATE OF RETURN YIELD ON COST DEBT SERVICE COVERAGE RATIO. AGAIN WE BELIEVE IT'S UNLIKELY THAT THIS PROJECT WOULD BE FINANCED AND BUILT UNDER CONVENTIONAL TAXES. WE THEN MOVED TO THE PILOT SCENARIO. AGAIN. THESE ECONOMICS ARE TIGHT. YOU KNOW, I LOOK AT PROJECTS EVERY SINGLE DAY, AND THESE ARE ON THE LOW END OF THE RETURNS THAT I SEE FOR FOR PROJECTS LIKE THIS. SO IT WILL REQUIRE THE DEVELOPER TO PUT IN SOMEWHERE AROUND 40% EQUITY. SO YOU HAVE A PROJECT COST OF ESTIMATED TO BE $30 MILLION. THEY'RE GOING TO BE PUTTING UP $12 MILLION OF THEIR OWN MONEY. THE REST WILL COME FROM TRADITIONAL LENDERS. IF YOU GO TO THE NEXT SLIDE, PLEASE. OKAY. A LOT OF NUMBERS ON HERE, BUT THIS IS A BREAKDOWN BOTH BY YEAR AND OVER THE 30 YEAR PERIOD OF THE PHASE ONE PILOT PROJECTIONS. SO THE PHASE ONE PILOT IS BASED ON 10% OF AGR ANNUAL GROSS REVENUE FOR A 30 YEAR PERIOD. AS YOU SAW THE ECONOMICS, EVEN UNDER THE 10% PILOT ARE EXTREMELY TIGHT. SO WHAT YOU'RE SEEING DOWN THE LINE, ALSO, I'LL JUST ADD IN THE PERCENTAGE OF, OH, THAT IS PART OF THE STATUTE, THE LONG TERM TAX EXEMPTION LAW, IN ADDITION TO A PERCENTAGE OF GROSS REVENUE, THERE IS A MANDATORY GRADUAL PHASE IN OF CONVENTIONAL TAXES. SO THERE ARE DIFFERENT MINIMUM AND MAXIMUM STAGE LENGTHS, BUT THEY START AT 0% OF CONVENTIONAL TAXES 20%, 40%, 60% AND 80%. SO EVERY YEAR THE CALCULATION IS BASED ON THE GREATER OF THAT PERCENTAGE OF GROSS REVENUE OR THAT PERCENTAGE OF OTHERWISE APPLICABLE TAXES. SO OBVIOUSLY, FOR THE FIRST 15 YEARS, THE CALCULATION IS STRICTLY BASED ON 10% OF ANNUAL GROSS REVENUE, BECAUSE YOU'RE IN THAT FIRST STAGE OF THE PHASING OF CONVENTIONAL TAXES AT ZERO. THEN STARTING IN YEAR 16, YOU HAVE TO DO THE COMPARISON BETWEEN 10% AND 20% OF CONVENTIONAL TAXES. SO TYPICALLY THAT TRANSITION HAPPENS AT THE 60% STAGE, WHERE 60% OF CONVENTIONAL TAXES MAY VERY WELL BE GREATER THAN 10% OF GROSS REVENUE. IT'S FAR OUT THERE. IT'S IN THE LATER YEARS, NO ONE KNOWS WHAT'S GOING TO HAPPEN WITH RENTS. BUT IN ADDITION, TO MAKE YOU FEEL CONFIDENT THAT THE DEVELOPER WILL BE PAYING THE CORRECT AMOUNT, THE APPROPRIATE AMOUNT BASED ON THE TERMS OF THE FINANCIAL AGREEMENT, THE FINANCIAL AGREEMENT DOES REQUIRE THAT ANNUALLY, THE DEVELOPER WILL SUBMIT A CERTIFIED AUDIT FROM A CPA FIRM THAT IDENTIFIES THE REVENUES AND EXPENSES, DOES A PILOT CALCULATION WITHIN THE AUDIT.

IT DOES A NET PROFIT CALCULATION, WHICH IS REQUIRED BY THE STATUTE. SO EVERY YEAR.

SO THE BILLS ARE SENT BASED ON ESTIMATES OF REVENUE. AND THEN WITHIN 90 DAYS OF THE END OF THE CALENDAR OR FISCAL YEAR, THEY HAVE TO PROVIDE THEIR AUDIT. THEN THERE'S A TRUE UP PROCESS, ESPECIALLY IN THE LEASE UP PHASE. IT'S REALLY KIND OF A GUESS AS TO HOW QUICKLY IT'S GOING TO LEASE UP. SO YOUR PILOT BILL MAY BE UNDERBUILT OR OVERBUILT. SO THERE WILL BE A TRUE UP PROCESS. BUT ONCE THE BUILDINGS ARE STABILIZED AND LEASED UP, THE YEAR TO YEAR REVENUE WILL TYPICALLY STAY THE SAME. SO YOU HAVE A GENERAL IDEA OF WHAT THE PILOT REVENUE WILL BE GOING FORWARD JUST TO, YOU KNOW, GO DOWN THE LINE WITH WITHOUT GETTING TOO INTO THE DETAILS, THEY WILL STILL BE REQUIRED TO PAY LAND TAXES, AND THEY RECEIVE A LAND TAX CREDIT AGAINST THE PILOT. SO, FOR EXAMPLE, THEIR GROSS PILOT IN YEAR ONE IS ESTIMATED TO BE 25,000 AND CHANGE. THEY WILL STILL PAY LAND TAXES OF ABOUT 6300, AND THEY'LL GET A CREDIT AGAINST THAT 25,000. SO IN TOTAL THEY'RE PAYING 25,000.

BUT A PORTION OF THAT IS FOR LAND. A PORTION OF THAT IS FOR PILOT. THE WAY THAT THE SPLIT

[01:55:02]

WHEREAS UNDER THE PILOT, THE NET PILOT, AFTER THAT LAND TAX CREDIT IS APPLIED, 95% GOES TO THE TOWNSHIP, 5% GOES TO THE COUNTY. YOU THEN ALSO HAVE THE 2% ADMIN FEE, WHICH 100% GOES TO THE TOWNSHIP. SO AS EXPLAINED EARLIER, OVER THE 30 YEAR PERIOD, THE GROSS PILOT IS ESTIMATED TO BE ABOUT $1.1 MILLION FOR PHASE ONE, AND THE TOWNSHIP SHARE IS ABOUT $900,000. IF YOU COMPARE IT TO CONVENTIONAL TAXES, WHICH I ALWAYS, YOU KNOW, I DON'T LOVE THE COMPARISON. IT'S REALLY FOR ILLUSTRATION PURPOSES ONLY, BECAUSE THE WHOLE IDEA OF THE PILOT IS THAT IF IT WASN'T FOR THE PILOT, THE PROJECT WOULD NOT GET BUILT. SO IT IS A HYPOTHETICAL TO SEE A WHAT IF IF IT COULD BE BUILT UNDER CONVENTIONAL TAXES, WHAT WOULD IT PAY AND WHAT WOULD THE TOWNSHIP SHARE BE? SO WE HAVE THAT AS A COMPARISON. BUT AGAIN, THE WHOLE BASIS IS THAT THIS PROJECT WOULDN'T EXIST WITHOUT THE PILOT. SO UNDER CONVENTIONAL TAXES THEY WOULD PAY $2.6 MILLION. BUT BECAUSE THE MUNICIPALITY'S SHARE WOULD ONLY BE ABOUT 15%, THE TOWNSHIP SHARE WOULD BE ABOUT $400,000 OVER THAT SAME TIME PERIOD, COMPARED TO THE 900,000 UNDER THE PILOT. NEXT SLIDE PLEASE. SO THIS IS PHASE TWO. SAME EXACT BREAKOUT. HOWEVER, THE PILOT NEGOTIATION WAS FOR A MORE AGGRESSIVE PILOT FOR THE RESIDENT. THE MIXED USE PROJECT INSTEAD OF 10% FOR 30 YEARS, YOU HAVE 11% FOR THE FIRST 15 YEARS. AND THEN THAT BUMPS UP TO 12% FOR THE FINAL 15 YEARS. YOU'LL NOTICE IN YEAR ONE, THE GROSS PILOT IS SIGNIFICANTLY LOWER THAN ALL FUTURE YEARS. AGAIN, BECAUSE THE PILOT IS BASED ON A PERCENTAGE OF ACTUAL REVENUE RECEIVED, THERE WILL BE A LEASE UP PERIOD WHERE THEY'RE ACTUALLY RENTING OUT THE UNITS, RENTING OUT THE TENT, THE RETAIL SPACES. SO THE EARLIER YEARS MAY BE PRODUCE LOWER PILOT REVENUE BECAUSE THE ACTUAL REVENUE OF THE PROJECT IS LOWER. SO WE'RE ASSUMING THAT THERE'S GOING TO BE A LEASE UP PERIOD. AND THEN IN YEAR TWO IS OUR STABILIZED YEAR, WHICH WE ASSUME 95% OCCUPANCY. SO BASED ON OUR ADJUSTMENTS TO THE RENTS AND WHEN THE BUILDING IS 95% OCCUPIED, WE'RE ESTIMATING THAT THE GROSS PILOT WILL BE ABOUT $230,000 A YEAR, OF WHICH A SMALL PORTION WILL BE FOR A LAND TAX CREDIT, AND THE TOWNSHIP SHARE WILL BE A LITTLE OVER $200,000 A YEAR. THAT BUMPS UP. IF YOU LOOK AT YEAR 16, WE'RE ASSUMING AN ANNUAL RENT INCREASE OF 2% A YEAR. RECENTLY, IT'S BEEN MUCH MORE THAN THAT. BUT OVER THE 30 YEAR PERIOD, WE'RE WE'RE HOPING I WOULD THINK WE'D HOPE IT STABILIZES AND DOESN'T KEEP GOING UP AT FIVE, 6% A YEAR. BUT IN YEAR 16, BASED ON THAT 2% PER YEAR REVENUE INCREASE, THE PILOTS ESTIMATED TO BUMP UP TO ABOUT $376,000, OF WHICH THE TOWNSHIP SHARE WOULD BE ABOUT 345. SO OVER THE 30 YEAR PERIOD, TOWNSHIP SHARE OF PILOT REVENUES HAS TO BE ESTIMATED TO BE ABOUT 10.1 MILLION. AGAIN, AS A COMPARISON, UNDER CONVENTIONAL TAXES, THEY'D BE PAYING ABOUT 15 MILLION OVER THE 30 YEAR PERIOD, BUT THE TOWNSHIP SHARE WOULD ONLY BE ABOUT 2.25 MILLION. NEXT SLIDE PLEASE. THIS WAS DISCUSSED A LITTLE BIT EARLIER AS WELL IN THE EARLIER SLIDES. BUT THIS IS A COMPARISON OF CURRENT TAXES VERSUS THE PROJECTED PILOT REVENUE. THIS IS A HYPOTHETICAL SCENARIO THAT IF THE SITE REMAINED AS IS AND THE TOWNSHIP CONTINUED TO GENERATE THE SAME TAX REVENUE AS IT IS CURRENTLY OVER A 30 YEAR PERIOD, ASSUMING A 2% TAX RATE INCREASE, THE TOTAL TAXES PAID ON PHASE ONE WOULD BE ABOUT 255,000. TOWNSHIP SHARE WOULD BE ABOUT 38,000. AS COMPARED TO THE NUMBERS THAT I JUST SPOKE ABOUT 900,000 FOR THE TOWNSHIP OVER THE 30 YEAR PERIOD. NEXT SLIDE PLEASE. SAME COMPARISON. THE PHASE TWO SITE, AS IT'S A LITTLE BIT LARGER, GENERATES SLIGHTLY MORE TAX REVENUE. CURRENTLY ABOUT 18,000 $19,000, OF WHICH THE TOWNSHIP SHARE IS ABOUT $2,800 OVER THE 30 YEAR PERIOD. WITHOUT THE REDEVELOPMENT, IT WOULD GENERATE ABOUT $113,000 FOR THE TOWNSHIP, AS COMPARED TO ABOUT $10.1 MILLION OVER THAT 30 YEAR PERIOD. SO A SIGNIFICANT BOOST IN REVENUE AS COMPARED TO WHAT THE SITES ARE CURRENTLY GENERATING. WE ALSO, AS PART OF OUR ANALYSIS, PREPARED A FISCAL IMPACT, WHICH ONE IDENTIFIES THE PROJECTED NUMBER OF RESIDENTS AND THE PROJECTED NUMBER OF SCHOOL CHILDREN THAT WILL BE GENERATED BY THIS PROJECT, AND THEN ASSIGNS THE ASSOCIATED COSTS TO THOSE NEW

[02:00:03]

CAN WE GO BACK. IS THIS SURE. SO 88 927 TOTAL COST. CAN YOU GO BACK ONE SLIDE. OKAY. SO AT LEAST HERE ONE WE'RE AT 129 FROM ADDITIONAL REVENUE FROM THE PILOT. THAT THE WAY I READ IT CORRECTLY. SO AS COMPARED FOR FEES TO YOU AS COMPARED TO WHAT IT'S GENERATING RIGHT NOW, THE YEAR ONE ESTIMATE OF PILOT REVENUE, THE TOWNSHIP SHARE WILL BE $129,000 HIGHER. OKAY.

SO THIS IS THE LAST SLIDE, WHICH IS A COMBINATION OF PHASES ONE AND TWO, SHOWING THE NET BENEFIT OF THE PROJECT WHERE WE CONSIDERED THE PILOT REVENUE, THE TOWNSHIP SHARE OF THE PILOT REVENUE FOR BOTH PHASES ONE AND TWO, AND COMPARE IT TO THE ESTIMATED COST TO DETERMINE IF THERE IS A POSITIVE FINANCIAL BENEFIT. AND AS YOU CAN SEE BETWEEN THE TWO, IF WE LOOK AT FOCUS ON YEAR TWO, WHICH IS THE STABILIZE YEAR BETWEEN THE TWO PHASES, WE'RE

[02:05:02]

OKAY, IT'S NOT SO MUCH A QUESTION, BUT I THINK IT'S JUST AS AS WE THINK ABOUT THIS. I MEAN, I FEEL LIKE I MALIGN, YOU KNOW, THERE ARE TIMES THAT WE GET INTO POSITIONS, REDEVELOPMENT OR UNIQUE AREAS WHERE WE NEED TO MOVE FORWARD. AND THE PILOTS, THE MECHANISM.

BUT I I'VE SEEN, YOU KNOW, THAT SOMETIMES TAX SAVINGS OR THESE UNIQUE TAX ITEMS GETS BUILT INTO LIKE SOMEONE'S BASE CASE OF HOW THEY'RE GOING TO BUILD THINGS LIKE, HEY, I SEE A THERE'S DEVELOPMENT OPPORTUNITIES AREA, I SHOULD BE ABLE TO MAKE A PROFIT, BUT I'M GOING TO BANK ON THAT. THERE'S GOING TO BE A PILOT AND A BUSINESS ENTITY. IT'S LIKE, THAT'S THE WAY I'M GOING TO ROLL INTO IT, BECAUSE I'M GOING TO PAY LESS THAN TOTAL TAXES IN GENERAL. RIGHT? I AGAIN, JUST I THINK IT'S SOMETHING FOR ALL OF US TO CONSIDER AS WE CONTINUE MOVING THIS. AND THERE'S, YOU KNOW, THERE'S A LOT OF LAND THAT'S THAT'S ORDINANCES THAT COULD BE DEVELOPED. RIGHT. YOU KNOW, THERE'S NOTHING WE COULD DO TO CHANGE THAT. BUT I THINK WE HAVE TO REALLY THINK ABOUT LIKE AS WE MOVE FORWARD, WHAT IS THE CRITERIA THAT WE WOULD ENTERTAIN THIS. AND IT SHOULDN'T JUST BE LIKE, HEY, EVERYONE KIND OF EXPECTS THERE'S GOING TO BE A PILOT BECAUSE, YOU KNOW, IT GIVES THEM AN OPPORTUNITY TO PAY LESS TAXES. THERE SHOULD BE A MARKET DRIVEN WAY THAT SOMEONE CAN DEVELOP PROPERTY AND DELIVER AN IRR OF OVER 10%. WELL, SO IT'S BUILT INTO THE REQUIREMENTS IN ORDER TO QUALIFY FOR A PILOT.

DANIEL HAD MENTIONED EARLIER THAT HE DOESN'T LIKE DOING THE COMPARISON OF WHAT YOU GET ON REGULAR TAXES, BECAUSE IF BUT FOR THE PILOT, THE PROJECT DOESN'T MOVE FORWARD. SO USUALLY IT'S A A BALANCING ACT FOR THE TOWNSHIP. YOU KNOW, THIS IS A PROJECT THAT HAD A LOT HAS, HAS A LOT OF BENEFITS TO THE MUNICIPALITY. THERE'S INFRASTRUCTURE IMPROVEMENTS.

THERE'S, YOU KNOW, IN MULTIPLE DIFFERENT TYPES OF YOUR INFRASTRUCTURE. AND SO IT WOULD BE A NET BENEFIT AT LEAST THAT'S THE IF YOU DECIDE TO MOVE FORWARD ON THE PILOT ORDINANCE, IT WOULD BE BECAUSE YOU'RE DETERMINING THAT THERE'S A NET BENEFIT FOR THIS PROJECT MOVING FORWARD BECAUSE OF THE OTHER BENEFITS THAT ARE COMING TO THE MUNICIPALITY. HOWEVER, BECAUSE OF THE INCREASED COSTS OF THOSE OTHER BENEFITS, THE NUMBERS HAVE TO SHOW THAT. BUT FOR THE PILOT, THIS PROJECT WOULD NOT MOVE FORWARD. AND IF THE PROJECT DOESN'T MOVE FORWARD, THERE'S THE OTHER BENEFITS YOU'RE NOT GETTING. SO IT IS BUILT. EVERYTHING THAT YOU'RE SAYING, DEPUTY MAYOR, IS ABSOLUTELY CORRECT, BUT I JUST WANTED TO POINT OUT THAT IT IS BUILT INTO THE PROCESS, OR IT NEVER REACHES YOU TO EVEN CONSIDER. RIGHT. AND I THINK THE THERE'S LIKE STATE PROPERTIES OR EVEN STATE PROJECTS THAT ARE CONSIDERED REDEVELOPMENT ZONES, SO VERY SIMILAR. THE REASON THERE IS A REASON WHY THERE IS REDEVELOPMENT, BECAUSE THERE'S A NEED FOR, YOU KNOW, CERTAIN SERVICES OR SOME TYPE OF THING FOR THE STATE AS WELL. SO I THINK, YOU KNOW, JUST CHOOSING ANY PROPERTY, YOU CAN'T JUST DO A PILOT ON ANY PROPERTY THAT'S HELPFUL. I CAN, I CAN I ASK ABOUT THE THE SCHOOL COST BECAUSE AM I READING THIS CORRECTLY THAT IT'S A 2.9, ALMOST 3 MILLION OVER THE 30 YEARS IN COST TO THE SCHOOL? THAT'S CORRECT. FOR THOSE SEVEN PUBLIC SCHOOL CHILDREN. YEAH, THAT'S WHAT WE'RE ESTIMATING. THE THE ACTUAL COST WOULD BE TO THE SCHOOL AND THE AND THE, THE REVENUE TO THE SCHOOL DISTRICT IS ONLY 647,000. SO THE YES. SO OF THE EXISTING LAND TAXES THE SCHOOL SHARE, THOSE LAND TAXES WILL BE ABOUT 647,000. CORRECT. RIGHT. ALTHOUGH IF YOU'RE DOING SEVEN KIDS, THEY'RE NOT IN SCHOOL FOR 30 YEARS. YES. TRUE. THAT'S ABSOLUTELY TRUE. BUT THERE'S I HOPE NOT. THERE'S GOING TO BE, YOU KNOW, A TURN AROUND, TURN OVER. SO I THINK WE'RE JUST ASSUMING YEAH SEVEN STABILIZED. BUT WE'RE ALSO ASSUMING THAT THE THE COSTS GO UP BY 2% EVERY YEAR. SO THAT'S WHY THAT NUMBER IS JUMPING UP A LITTLE BIT. BUT YEAH THAT IS CORRECT. SO YOU KNOW THAT'S JUST MY MY CONCERN IS THAT WE ARE PUTTING A BURDEN ON THE

[02:10:07]

OR, YOU KNOW, DEPENDING ON THE PERCENTAGE INCREASE, YOU NEED NEW INFRASTRUCTURE FOR YOUR SCHOOLS. DO YOU NEED NEW TEACHERS. SO IT DOES MATTER HOW MANY. AND I DON'T BELIEVE SEVEN STUDENTS ARE NOT GOING TO BE IN THE SAME GRADE. RIGHT. SO IT'S REALLY ACROSS THE ENTIRETY OF THE K TO 12. YEAH. BUT YOU KNOW, YOU HAVE TO BE CONSERVATIVE BECAUSE THERE COULD BE TWO STUDENTS WITH SPECIAL NEEDS WHICH ARE A HIGHER COST. AND I THINK THAT'S WHERE THE AVERAGING COMES IN. YEAH. YEAH. IT'S A IT'S A REASONABLE ANALYSIS. AND I THINK YOU DID IT WELL THANK YOU. YEAH. AND WE WANT TO YOU KNOW MAKE SURE THAT BECAUSE THERE ARE COSTS ASSOCIATED AND THERE IS THESE ARE ESTIMATES OF COURSE ABOUT THE PUBLIC SCHOOL CHILDREN NUMBER I WILL SAY, YOU KNOW, ALL OVER THE PLACE PEOPLE THINK THE NUMBER THE PROJECTIONS ARE TOO LOW. AND IN SOME CASES THEY MIGHT BE. BUT FROM OUR EXPERIENCE, WE ACTUALLY LOOKED AT THE PROJECTIONS VERSUS ACTUAL BUILDINGS THAT WERE BUILT ACROSS THE STATE TO SEE WHAT THE PROJECTIONS SAY. AND NOW THAT THESE BUILDINGS ARE BUILT AND LEASED UP, WHAT THE ACTUAL PUBLIC SCHOOL CHILDREN NUMBER LOOK LIKE, WE LOOKED AT ABOUT 15 BUILDINGS, ALL DIFFERENT SIZES BUILT WITHIN THE LAST FIVE YEARS. IN ALL BUT ONE, THE ACTUAL WAS LESS THAN THE PROJECTION, AND IN THE ONE CASE WHERE THE ACTUAL WAS MORE, IT WAS ONE STUDENT HIGHER. SO IN OUR OPINION, AND IT DOESN'T GO ACROSS THE BOARD FOR ALL MUNICIPALITIES, BUT THE THE REPORT, THE STUDY THAT WAS DONE SEEMS TO BE PRETTY SPOT ON WITH THEIR PROJECTIONS. SO AND ANOTHER THING TO SAY IS OF THE RESIDENTIAL PIECE, OVER 50% OF THE BUILDING IS STUDIOS IN ONE

[02:15:05]

SO YOU REALLY ONLY TALKING ABOUT THE TWO BEDROOMS, THE THREE BEDROOMS IN BOTH THE MARKET RATE AND THE AFFORDABLE COMPONENTS. SO IF IT'S NOT SEVEN IS IT TEN. IS IT 11. IS IT 12? YOU'RE NOT TALKING ABOUT 50 NEW PUBLIC SCHOOL CHILDREN FOR 52 YEARS. SO YEAH. THANK YOU. THAT WAS A REALLY CLEAR EXPLANATION. AND I'M SURE OUR RESIDENTS ARE WATCHING IT AS YOU EXPLAIN IT TO US. YEAH. HAPPY TO HAPPY TO BE HERE. THANKS AGAIN FOR HAVING ME. ANY OTHER QUESTIONS OR NO STAYING FOR. THANK YOU FOR STAYING LATE. OH, NO PROBLEM, NO PROBLEM AT ALL. THANK YOU VERY MUCH. HAVE A GOOD NIGHT. THANK YOU. THANK YOU. OKAY. ORDINANCES.

[23. Ordinance #25-1764 – Authorizing Financial Agreement Between the Township of Montgomery and Village Walk 1330 Urban Renewal, LLC (Mixed Use/Affordable) – Introduction/First Reading]

ROLL CALL PLEASE. COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER. ANNE. YES. COMMITTEE MEMBER. TAYLOR. YES. DEPUTY MAYOR BERRIGAN. YES. MAYOR. SINGH. YES. ORDINANCES. PUBLIC

[24. Ordinance #25-1763 – Authorizing Financial Agreement Between the Township of Montgomery and Village Walk 1360 Urban Renewal, LLC (Anchor) – Public Hearing/Final Adoption]

SECOND. ROLL CALL PLEASE. COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER. ANNE. YES.

COMMITTEE MEMBER. TAYLOR. TODD. YES. DEPUTY MAYOR BERRIGAN. YES. MAYOR. SINGH. YES. RESOLUTIONS.

[25. Resolution #25-10-329 – Authorizing and Directing the Montgomery Township Planning Board to Conduct a Preliminary Investigation to Determine Whether Certain Property Located at 23 Orchard Road, Designated as Lot 5.02 in Block 28001 on the Tax Map of the Township of Montgomery Meets the Criteria for Designation as a Noncondemnation Redevelopment Area]

COMMITTEE MEMBER. TAYLOR. TODD. YES. DEPUTY MAYOR BERRIGAN. YES. MAYOR. SINGH. YES. RESOLUTION

[26. Resolution #25-10-330 – Authorizing the Appointment of Ryan Pinnella as Fire Official/Marshal]

OR IS THIS FOR A A PERIOD OF NUMBER OF YEARS? I DON'T RECALL THIS POSITION. I COULD BE WRONG THAT YOU YOU DO EVERY YEAR. BUT WE WE HAVE WE HAVE AUTHORIZED WE HAVE LET THE STATE KNOW THE STATE NEEDS TO KNOW WHO ON RECORD IS OUR FIRE OFFICIAL. SO ONCE IF THIS WERE TO PASS

[02:20:04]

SECOND. ROLL CALL PLEASE. COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER. ANN. YES.

[27. Resolution #25-10-331 – Appointing a Rev250 Committee]

RESOLUTION 25 DASH TEN 331. APPOINTING A REV 2250 COMMITTEE. SO AS WE'VE BEEN TALKING ABOUT NEXT YEAR, THE COUNTRY WILL BE CELEBRATING THE 250TH ANNIVERSARY OF THE THE THE REVOLUTIONARY WAR AND THE FOUNDING OF OUR COUNTRY AND OUR INDEPENDENCE. AND SO THE STATE OF NEW JERSEY, YOU REMEMBER, WE PASSED THAT WE WANTED TO BE A REV 250 COMMUNITY. AND PART OF THAT IS THAT WE WOULD HAVE A REV 250 COMMITTEE THAT WILL HELP THE TOWN NOT ONLY PLAN AND EXECUTE ACTUAL EVENTS AND ACTIVITIES FOR OUR COMMUNITY, BUT INTERACT WITH VAN HARLINGEN HISTORIC SOCIETY, WHICH WE KNOW IS PLANNING TO DO SOME THINGS, THE ROTARY CLUB OF WHICH IS ALSO PLANNING ON DOING THINGS OUR SCHOOLS. SO KIND OF COORDINATING ALL OF OUR EFFORTS, REALLY DOING THAT. AND SO WE'VE PUT TOGETHER I'M VERY EXCITED, A VERY CROSS SECTION OF OUR COMMUNITY WITH DIVERSE INTERESTS AND DIFFERENT SKILLS THEY BRING TO THE TABLE. WE HAVE, YOU KNOW, COREY WINGERTER FROM THE TIGER'S TAIL AND, AND AND REPRESENTING MBA, WE HAVE ANDY MAZUMDER WHO'S ON THE FIRE COMPANY AND ALSO A ROTARY MEMBER. JUSTIN CABUS IS LONG TIME RESIDENT OF MONTGOMERY AND KIND OF A HISTORY BUFF HIMSELF AND VERY INVOLVED IN THE COMMUNITY. LISA ROMANO FROM THE SCHOOLS AND, YOU KNOW, ON AND ON. SO WE'RE VERY WE'RE VERY EXCITED. WE'LL HAVE OUR FIRST KICKOFF MEETING SOON. WE'RE SO HAPPY THAT ALL OF THEM ARE WILL BE JOINING US, AND WE'LL BE REACHING OUT TO ALL OF THE OTHER ORGANIZATIONS, BECAUSE EVERYBODY'S VERY EXCITED TO START TO START COMMUNICATING AND PLANNING. AND AND WE'RE ALSO VERY EXCITED ABOUT THAT. THANK YOU SO MUCH. AND IT'S ALWAYS SO GREAT WHEN WE CAN DO SOMETHING WITH THE COMMUNITY, BECAUSE ULTIMATELY IT'S THEIR TOWN. OUR TOWN. OKAY. MAY I HAVE A MOTION TO ADOPT RESOLUTION 20 5-9331. SO MOVED SECOND. ROLL CALL PLEASE.

COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER. ANNE. YES. COMMITTEE MEMBER. TAYLOR. TODD.

[28. Resolution #25-10-332 – Authorizing Award of Bid for Submersible Pump Repair Services]

AUTHORIZING AWARD OF BID FOR SOME SUBMERSIBLE PUMP REPAIR SERVICES. YES, MAYOR. WE RECEIVED TWO BIDS FOR THIS ON SEPTEMBER 30TH. THE LOWEST RESPONSIBLE BIDDER WAS MUNICIPAL MAINTENANCE COMPANY, WHO WE'VE HAD THE PAST FEW YEARS. SO WE'RE HAPPY ABOUT THAT. THE REGULAR RATES $90 AN HOUR FOR THE FIRST YEAR. OVERTIME RATE IS $120 $120. IN YEAR TWO, IT JUMPS $5 FOR EACH OF THOSE CATEGORIES. OKAY, MAY I HAVE A MOTION TO ADOPT RESOLUTION 20 5-9332. SO MOVED SECOND. ROLL CALL PLEASE. COMMITTEE MEMBER. MARTIN. YES.

COMMITTEE MEMBER. ANNE. YES. COMMITTEE MEMBER. TAYLOR. TODD. YES. DEPUTY MAYOR BERRIGAN. YES.

[29. Resolution #25-10-333 – Authorizing Award of Contract to Motorola Solutions, Inc. for Radios and Communications Equipment for the Township’s Office of Emergency Management]

[30. Resolution #25-10-334 – Rescinding Resolution #25-8-270 Authorizing a Five-year Agreement with Motorola Solutions, Inc. for Body-worn Cameras]

[02:25:01]

ALAN. YES. COMMITTEE MEMBER. TAYLOR. TODD. YES. DEPUTY MAYOR BERRIGAN. YES. MAYOR. SINGH.

[31. Resolution #25-10-335 – Authorizing the Municipal Clerk to Certify that the Governing Body has Reviewed the Completed Best Practices at a Public Meeting]

THIS WAS DISCUSSED DURING THE FINANCE PRESENTATION EVERY YEAR WITH THE BEST PRACTICES. THE GOVERNING BODY HAS TO SAY THAT WE SPOKE ABOUT IT AND REVIEWED IT. OKAY. MAYOR. OKAY. MAY I HAVE A MOTION TO ADOPT RESOLUTION 20 5-9335? SO MOVED. SECOND ROLL CALL, PLEASE.

COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER. ANNE. YES. COMMITTEE MEMBER. TAYLOR. TODD.

[32. Resolution #25-10-336 – Authorizing Change Order #1 for BID #B07-2025 – 2025 Inlet, Manhole, Curb Repairs, and ADA Ramps (Decrease)]

AND ONE OF THE THINGS I WANTED TO HIGHLIGHT WAS THAT KNOWING WE WERE COMING IN UNDER BUDGET, THERE WAS ONE ADDITIONAL AREA, WOODVIEW DRIVE, WHERE THERE WERE SOME RESIDENT COMPLAINTS AROUND WORK. HERE. WE WERE ABLE TO ADD THAT INTO THE PROJECT SCOPE AND STILL COME IN UNDER BUDGET BECAUSE MONITORING THE THE CONCRETE PRICING, CONCRETE PRICING WAS DROPPING. AND SO WE, OUR TOWNSHIP ENGINEER, WORKED WITH THE CONTRACTOR AND WERE ABLE TO ROLL THAT ADDITIONAL AND TAKE CARE OF SOME RESIDENT COMPLAINTS. SO WE APPRECIATE THAT. SO CONCRETE PRICING IS DROPPING. THAT'S GOOD TO KNOW I THINK IT FLUCTUATES. REMEMBER THAT FOR THE 2026 BUDGET. YES.

I'M JUST WONDERING EVERYTHING ELSE. LUMBER IS GOING UP. EVERYTHING'S GOING UP.

SOMETHING'S COMING DOWN OKAY. MAY I HAVE A MOTION TO ADOPT RESOLUTION 20 5-9336. SO MOVED.

SECOND. ROLL CALL PLEASE. COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER. ANNE. YES.

[33. Resolution #25-10-337 – Authorizing Change Order #1 for BID #B01-2025 – 2024 Sewer Rehabilitation Project (Decrease)]

SEWER REHAB PROJECT DECREASE. YES, MAYOR. SAME THING. WE'RE LOOKING FOR A CHANGE OR DECREASE CHANGE ORDER FOR A SEWER PROJECT THAT'S BEEN COMPLETED. CONTRACT DECREASE OF 10,207 7070 $0.05. SO IT'S ALWAYS POSITIVE WHEN WE COME UNDER BUDGET. NO, THAT'S REALLY GOOD. SEEMS LIKE WE ARE ON A GOOD TREND HERE. LET'S GO HAVE A MOTION TO ADOPT RESOLUTION 25 9337. SO MOVED SECOND. ROLL CALL PLEASE. COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER.

ANNE. YES. COMMITTEE MEMBER. TAYLOR. TODD. YES. DEPUTY MAYOR BERRIGAN. YES. MAYOR. SINGH.

[34. Resolution #25-10-338 – Authorizing Release of Safety and Stabilization Guarantee for Village Walk Phase 1A]

COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER. ALAN. YES. COMMITTEE MEMBER. TAYLOR. TODD.

[35. Resolution #25-10-339 – Supporting a Preliminary Preferred Alternative for Transportation Improvements Near the Griggstown Causeway, Township of Montgomery]

SUPPORTING A PRELIMINARY PREFERRED ALTERNATIVE FOR TRANSPORTATION IMPROVEMENTS NEAR THE GRIGGSTOWN CAUSEWAY TOWNSHIP OF MONTGOMERY. MAYOR. SO THIS IS A LONG TIME COMING.

AND SO IN JULY, WE HAD A PUBLIC INFORMATION MEETING UP AT SOMERSET COUNTY. MANY RESIDENTS OF MONTGOMERY WERE THERE. OFFICIALS AND FRANKLIN TOWNSHIP RESIDENTS AND OFFICIALS WERE THERE AS WELL. THE COUNTY ENGINEER AND THEIR CONSULTANTS RAN THROUGH A WIDE RANGE OF ALTERNATIVES OF HOW WE COULD, HOW THEY AS A COUNTY BRIDGE, HOW THE COUNTY COULD ADDRESS THE ONE LANE BRIDGE OVER THE MILLSTONE RIVER THAT CONNECTS MONTGOMERY INTO FRANKLIN. THEY OPTED TO GO WITH PREFERRED ALIGNMENT TO A, WHICH INVOLVES A TRAFFIC LIGHT AT THE INTERSECTION OF THE BRIDGE AND RIVER ROAD ON THE MONTGOMERY SIDE, AND A CORRESPONDING TRAFFIC LIGHT ON CANAL AND THE GRIGGSTOWN CAUSEWAY, AND WE WERE SET TO ENDORSE IT.

[02:30:06]

AND I THINK THE OTHER THING IS, I KNOW THIS WAS THE MEETING WAS HELD AT THE COUNTY AND SOME RESIDENTS CAME IN. THIS IS A QUESTION I GET VERY OFTEN ABOUT THIS INTERSECTION AND THE ONE THE THE ONE LANE BRIDGE. SO I KNOW WE'VE BEEN SPENDING A LOT OF TIME ON AFFORDABLE HOUSING AND THAT'S POOR, BUT MAYBE THIS IS ONE WHERE IF WE COULD PUT SOME OF THE THE HIGHLIGHTS ONLINE OR INFORMATION SESSION AT, AT, YOU KNOW, A FUTURE TOWNSHIP COMMITTEE MEETING BECAUSE AGAIN FOR LIKE EVERYONE DRIVES DOWN THE MILLSTONE ROAD AND BRINGS THAT UP. AND I THINK IT'S GOOD THAT EVERYONE KIND OF SEES WHAT THAT IS. AND, YOU KNOW, IF THEY FEEL LIKE GOING TO THE COUNTY MEETINGS AND AIRING THEIR SUPPORT OR DISPLEASURE THAT THEY SHOULD, THAT THAT'S A VERY GOOD POINT, BECAUSE A LOT OF PEOPLE DO BRING UP, ESPECIALLY IN THE BELLEMEADE NODE, THAT THEY'RE STUCK THERE FOR A GOOD TEN MINUTES, 40 CARS IN. SO, YOU KNOW, ESPECIALLY WHEN YOU BRING UP AFFORDABLE HOUSING. AND THERE WAS A QUESTION ON THE GOLF COURSE, THE MORE HOUSING THAT GOES IN, PEOPLE HAVE TO GET SOMEWHERE. MAY I HAVE A MOTION TO ADOPT RESOLUTION 25 9339. SO MOVED SECOND. ROLL CALL PLEASE. COMMITTEE MEMBER.

MARTIN. YES. COMMITTEE MEMBER. ANNE. YES. COMMITTEE MEMBER. TAYLOR. YES. DEPUTY MAYOR.

[37. New and Unfinished Business]

WE CAN DISCUSS THAT, BUT I NEED YOU TO THINK ABOUT THIS BECAUSE OTHER BOARDS NEED TO REORG FOLLOWING YOUR REORGANIZATION. AND I THINK THIS DOESN'T CONFLICT WITH LIKE THE COUNTY REORG. RIGHT? I THE COUNTY REORG TYPICALLY IS ON THE FRIDAY FOLLOWING. BUT I WILL CONFIRM THAT I CHECKED THEIR WEBSITE. THERE'S STILL NOTHING ON THE WEBSITE. SO I WILL REACH

[38. Future Agenda Items]

[02:35:02]

[39. Resolution #25-10-340- – Executive Session]

THIS RESOLUTION SHALL TAKE EFFECT IMMEDIATELY. MAY I HAVE A MOTION TO ADOPT RESOLUTION 25? DASH 9-3 40. SO MOVED SECOND. ROLL CALL PLEASE. COMMITTEE MEMBER. MARTIN. YES. COMMITTEE MEMBER. ANN. YES. COMMITTEE MEMBER. TAYLOR. TODD.

* This transcript was compiled from uncorrected Closed Captioning.