May 1, 2025 - TE/GO Joint Committee Worksession
MoCoCouncilMD
[{'start': '388.153', 'end': '391.758', 'text': ">> Evan Glass: GOOD AFTERNOON   EVERYBODY IT IS THURSDAY, MAY 1   WELCOME TO A JOINT COMMITTEE OF   THE TRANSPORTATION AND   ENVIRONMENT AND GOVERNMENT   OPERATIONS COMMITTEE THE JOINT   COMMITTEE HAS TWO ITEMS ON OUR   AGENDA FOR TODAY.  THE FIRST IS AMENDMENTS TO THE   FY 25-30 CAPITAL IMPROVEMENT   PROGRAM AMENDMENT TO THE   FY25-30 CAPITAL IMPROVEMENTS   PROGRAM AND SUPPLEMENTAL   APPROPRIATION #25-60 TO THE   FY25 CAPITAL BUDGET,  MONTGOMERY COUNTY GOVERNMENT,   DEPARTMENT OF GENERAL SERVICES,   MONTGOMERY COUNTY PUBLIC   SCHOOLS (MCPS) BUS DEPOT AND   MAINTENANCE RELOCATION THE   SECOND ITEM IS THE AND ONE   GREENBANK NDA FIRST WE WILL   TAKE UP THE BUS DEPOT WHICH IS   BEEN A REAL CHALLENGE OVER THE   LAST NUMBER OF YEARS THAT SEEMS   TO BE PUTTING IT MILDLY.  FOR COLLEAGUES AND FOR THE    ADMINISTRATION WE HAVE ENGAGED   THE COMMUNITY FOR A VERY LONG   TIME AND HAVE ENGAGED THE   SCHOOL SYSTEM TO FIND A NEW   LOCATION TO NEGOTIATE A NEW    LOCATION AND TO MAKE SURE THAT   WE HAVE THE CAPACITY TO DO   THAT.  I LOOK FORWARD TO THIS   CONVERSATION BECAUSE THERE HAVE   BEEN A FEW MOVING PARTS SINCE   LAST IT WAS PUBLICLY DISCUSSED   THE COMMUNITY I AM SURE IS   FOLLOWING . TURN IT OVER TO THE   GOVERNMENTOPERATIONS CHAIR FOR   ANY ADDITIONAL COMMENTS.   >> Kate Stewart: NO COMMENTS .   >> Evan Glass,Chair: WITH THAT.   SPINNING ITEMS BEFORE YOU TODAY   IS SUPPLEMENTAL APPROPRIATION   REQUEST FOR THE BUS DEPOT CMP   PROJECT AS WELL AS ASSOCIATED   CIP EMINENT JUST TO GO BACK IN   THE PROCEDURAL HISTORY THIS   CAME OVER IN MARCH AS A CIP   OPERATION REQUEST AND THE   MEMBER FOR $10.5 MILLION WHICH   $2 MILLION WAS FY 26 FUNDING   PREVIOUSLY PROGRAMMED IN THE   CMP AND $8 MILLION 8.5 MILLION    NEWFUNDING THE FUNDING IS   RECORDATION TAX PREMIUM THE   FUNDING BE USED TO BUILD OUT   IMPROVEMENTS .  [LISTING NAMES] WHICH IS BEING   CURRENTLY NEGOTIATED AS A    ADDITIONAL SITE TO ACCOMMODATE   SOME OF THE BUSES FOR THE   JEREMIAH PARK FROM ITS CURRENT   LOCATION.  IN APRIL THE EXECUTIVE   SUBMITTED A REVISED REQUEST   WITHDRAWING HIS REQUEST FOR THE   PREPARATION THAT IS BECAUSE THE    NEGOTIATION AND PROGRESS DEAR   DEAR IS TO DO SAP APPOINTMENT   AND TO COME BACK WITH A    PREPARATION ONCE THE LEASE IS   FINALIZED AND READY TO MOVE   FORWARD THE DECISION POINT IS   WHETHER TO APPROVE THE   AMENDMENT MAP THE APPROPRIATION    AS WE ARE WAITING FOR FURTHER   DEVELOPMENT BEFORE THEY CAN   SUPPORT OTHER THAN THAT THERE   IS ADDITIONAL BACKGROUND IN THE   PACKET I HANDED OUT BETTER   COLORPICTURES OF THE SITE. IT   IS ACTUALLY TWO PARCELS   COLOCATED .[LISTING NAMES] IS   THE MAIN PARCEL AT THE   SECONDARY PARCEL AS WELL.  HE JUST STAFF CAN PROVIDE A LOT   MORE DETAIL AT THIS CURRENT   STAGE.   >> Evan Glass,Chair: WHILE   DIRECTOR DISE IS FOLLOWING   HOPEFULLY DRIVING SAFELY WHILE   HE'S LISTENING TO THIS   CONVERSATION HE HAS A STEADY   RIGHT HAND MAN DEPUTY DIRECTOR.   >> Greg Ossont,Deputy Director   DGS: GOOD AFTERNOON DEPARTMENT   OF GEN. SERVICES THANK YOU I   APPRECIATE YOU ORGANIZING   DIRECTOR DISE SHE WOULD LOVE TO   BE HERE BUT HE HAD OTHER   MATTERS TO ATTEND TO PUT IT   MILDLY WE'VE BEEN CHALLENGED BY   THIS PROJECT WITH CONTINUED TO   ZIG AND ZAG ARE WE TO A   SOLUTION WE HAD SOME MEMBERS OF   THE COMMUNITY HERE TODAY WHO   HAVE BEEN PART OF THAT   DISCUSSION AND ONGOING   ADVENTURE FOR A LONG TIME AND   SO WERE HAPPY TO HAVE THEM   ALSO.  TO MY STAGE LEFT OR EXCUSE ME   STAGE RIGHT IS.  [LISTING NAMES] OUR OFFICE OF   PLANNING AND DEVELOPMENT CHIEF.   WE HAVE REALLY WANT TO GET YOU   CAUGHT UP FROM THIS TIME   LESTER. WHEN WE WERE LAST   BEFORE YOU SEEKING AN   APPROPRIATION ON A PROJECT TO   ENGAGE IN COMMUNITY OUTREACH   ACTIVITIES ALL WITH AN IDEA A   CONCEPT TO USE THE EXISTING   JEREMIAH PARK PARCEL WHERE THE   MCPS BUS DEPOT IS CURRENTLY TO   REUSE THAT FOR A NEW COLOCATED   ZERO EMISSIONS BUS FACILITY   THAT WOULD ACCOMMODATE POST-    MCPS AS WELL AS OUR FUTURE   MCDOT BUSES.  THE IDEA OR THE NOTION WAS TO   CONSTRUCT A NEW FACILITY ON   SITE PUSH HER TOWARDS THE BACK   THEN LEAVE ENOUGH LAND ALONG   CRABBS BRANCH ROAD TO   ENCAPSULATE OR LINE THAT ROAD   WITH A MIXED-USE DEVELOPMENT AS   IT WAS PART OF THE SHADY GROVE   SECTOR PLAN MANY YEARS AGO I   BELIEVE MR. PS PACKET   REPRESENTS THAT IT GOES BACK TO   2003/2008 WHEN IT WAS ADOPTED   BY COUNCIL. SINCE MAY OF LAST   YEAR WE HAVE BEEN ENGAGED IN   COMMUNITY OUTREACH ACTIVITIES   THEY LASTED ALL SUMMER WE   BROUGHT IN SOME PROFESSIONAL   HELP DESIGNED COLLECTIVE AND   SOME FOLKS WITH OTHER EXPERTISE   AND WE LED A SERIES OF   WORKSHOPS BASICALLY BROKE LOCAL   CHARRETTES FOR THIS SPECIFIC   PROJECT THEY CONDUCTED POP-UPS   AND LOCAL RETAIL STORES.  A ROBUST WEBSITE JEREMIAH PARK   PROJECT IS THE HANDLE TO SEEK   VIRTUAL INPUT AS WELL. ALL OF   THAT INFORMATION IS STILL ALIVE   AND AVAILABLE ON THE DGS   WEBSITE BUT MORE IMPORTANTLY   JEREMIAH PARK PROJECT.COM. WE   SPENT THE FROM MAY UNTIL   SEPTEMBER WITHOUT COMMUNITY   OBJECTIVITY AND THEY COMMENTED   WITH THE FINAL PRESENTATION THE   EXHIBITS THAT YOU HAVE IN THE   PACKET CIRCLES 1-6 I BELIEVE   ARE SOME OF THE PROPOSED   CONCEPT PLANS OR OPTIONS THAT   THE COMMUNITY REVIEWED AT THAT    CULMINATING EVENT BACK IN   SEPTEMBER.  YOU CAN SEE THAT THE FUTURE   DEPOT OR THE.  [LISTING NAMES] ZERO EMISSION   BUS DEPOT WOULD OCCUPY HALF OF   THE SITE WHILE THE OTHER HALF   WOULD BE DEVOTED TO MIXED-USE   DEVELOPMENTS. THE COMMITTEE WAS   ENGAGED THROUGHOUT I WOULD   CHARACTERIZE THE CONVERSATIONS   AS VERY WELL-INFORMED AND   POSITIVE. THE COMMUNITY   GENERALLY IS VERY PLEASED THAT   WE ARE PAYING ATTENTION   CONTINUING TO MOVE FORWARD   TOWARDS A SOLUTION. AND IS   REALLY WILLING TO LISTEN AND   SEE WHAT WE CAN RESOLVE.  WITH THAT SORT OF ATMOSPHERE   FROM THE VERY BEGINNING WE WERE   ABLE TO PUT TOGETHER THESE   CONCEPTS AND I BELIEVE ALL OF   THEM WERE WELL RECEIVED. FROM   THERE, WE IMMEDIATELY PIVOTED   TO THE SECOND PHASE WHICH WAS   TO PUT TOGETHER A SOLICITATION   FOR A PUBLIC-PRIVATE   PARTNERSHIP TO ACTUALLY BUILD   THIS FACILITY.  THE TIMING OF WHICH WOULD'VE   CONTEMPLATED A FISCAL YEAR 30   DELIVERY WHICH WAS OUR TARGET   DATE AND WE HAD REITERATED THAT   SORT OF DELIVERY AND TIMELINE   WITH THE COMMUNITY.THESE   OUTREACH ACTIVITIES SO   IMMEDIATELY FOLLOWING THE FINAL    COMMITTEE EVENT WE PUT THAT   SOLICITATION TOGETHER AND HAVE   BEEN DOING THAT EVER SINCE. A   FEW MONTHS INTO THE   SOLICITATION DEVELOPMENT WE   LEARNED OF A SIDE THAT WAS   NEARBY THAT WE ACTUALLY LOOKED   AT SEVERAL YEARS AGO AS A   POTENTIAL OPTION FOR A DEPOT.   THAT IS THE SITE THAT ISIN   FRONT OF YOU TODAY 861 GUDE   DRIVE .  AND AND ADJACENT LOT ON THE   SOUTH LAWN . IT WAS ORIGINALLY   CONSTRUCTED AS A COCA-COLA   DISTRIBUTION FACILITY.  SUBSEQUENTLY USED BY AMAZON AND   IT HAD BEEN OFF THE MARKET FOR   MANY YEARS BUT IS BACK   AVAILABLE AMAZON HAS MOVED ON   OR IS IN THE PROCESS OF MOVING   ON ITS AVAILABILITY IS    FORTHCOMING.  WE LEARN IN THE LATE FALL AS   THE PACKET NOTES WELL AFTER   AFTER WE WERE WITHIN THE   COMMUNITY OF WHICH ACTIVITY WE   PUT TOGETHER A SOLICITATION FOR   P3 WE PIVOTED TO SEE IF THIS   WAS AN OPTION TO BE FEASIBLE AS   YOU CAN SEE THE SQUARE FOOTAGE   AND THE AREA WE ARE WORKING   WITH ITS 65,000 FT.2 WAREHOUSE   WE THINK WE CAN GET ABOUT 250   PARKING BUS PARKING SPACES   BETWEEN THE TWO SITES THAT   THEORETICALLY SOLVES THE   CURRENT FACILITY THE CURRENT   MCPS FACILITY WOULD BE   RELOCATED ENTIRELY FROM CRABBS   BRANCH TO THIS LOCATION AND 250   SCHOOL BUSES THE REMAINING   BALANCE OF SCHOOL BUSES THERE   IS ABOUT 450 ON SITE AT CRABBS   BRANCH ON SITE WOULD BE LEFT   BEHIND IN THE INTERIM AND   EITHER INCORPORATE INTO THE   FUTURE ZERO EMISSION BUS DEPOT   AT JEREMIAH PARK OR ELSEWHERE   IN THE FUTURE WE'RE WORKING   THROUGH THOSE ISSUES WITH MCPS   CURRENTLY. WE TOURED AT THIS   FACILITY MANY MONTHS AGO WITH   MCPS EXECUTIVES WHO WITH THE   SUPERINTENDENT AND OTHERS   CAREFULLY ON BOARD WITH THE    CONCEPT AND WE ARE ACTIVELY   MOVING FORWARD WITH THEIR   PROGRAM AND THEIR DESIGN OF THE   BUILDOUT OF THE FACILITY. THE    UPPER PORTION REQUEST IN FRONT   OF YOU TODAY FOR 10.5 WHICH   WOULD COMPLEMENT THE MONEY WE   HAVE IN THIS CIP WOULD BE   SPECIFICALLY FOR THE BUILDOUT   OF THIS WAREHOUSE. FOR MCPS   PRAYER THERE MOVED FROM CRABBS   BRANCH TO THIS LOCATION AND   DEMOLITION OF THE EXISTING   STRUCTURES AT JEREMIAH PARK. SO   WE CAN MOVE THE REST OF THE   BUSES THAT WOULD STAY BEHIND TO   THE BACK OF THE SITE THEN   PROCEED WITH THE UNIFICATION OF   CRABBS BRANCH WHICH IS   SOMETHING THE COMMITTEE HAS   BEEN ASKING FOR FOR A LONG TIME   AND AND CPS HAS SECURED THE   FUNDS TO DO SO. THAT IS IT IN A   NUTSHELL. THERE ARE COUPLE OF   REASONS WE THINK THIS IS A    REALLY GOOD OPPORTUNITY.  I WILL SAY PRIMARILY THERE ARE    NUMBER OF REASONS FIRST IS THE   COST BURDEN WE WILL GET INTO   THE LEASES NDA TOMORROW AS A   MATTER FACT WITH THE GO   COMMITTEE. AT THIS POINT WE ARE   STILL IN NEGOTIATIONS BUT THE   ORDER OF MAGNITUDE IS ABOUT    TWO-$2.5 MILLION A YEAR ALL AND   THAT WOULD BE LEASING BOTH   SIDES PLUS OPERATING EXPENSES   ETC. THE COST OF A NEW FACILITY   TO HOUSE MCPS'S PROGRAM JUST   MCPS NEVER MIND DOT AT THIS   POINT BUT JUST MCPS'S HOURLY   ESTIMATES TO BUILD A NEW   FACILITY AT JEREMIAH PARK OR   SOMEWHERE IN THE RANGE OF   260-$270 MILLION.  THROUGH A PUBLIC-PRIVATE   PARTNERSHIP NOT THROUGH A   TRADITIONAL CIP THAT COST   INCREASES EVEN MORE THEN OVER   TIME WE ARE TALKING ABOUT A 30,   40, 50 YEAR WINDOW FOR THIS   LEASE. THAT PROJECT GETS VERY   VERY EXPENSIVE.  PLUS THE DELIVERY OF IT DOES   NOT HAPPEN UNTIL 530 MAYBE FY   31 AT THIS POINT WHICH PROCESS   CALENDAR 31 CALENDAR 32. THE   TIMELINE FOR THE LEASE SPACE   HOWEVER, AS YOU CAN SEE IT IS A   FRACTION OF THE COST EVEN OVER   THE TERM OF THE LEASE IS A   FRACTION OF THE COST VERSUS THE   FACILITY. BUT PERHAPS MORE   IMPORTANTLY WE WOULD EXPECT IF   APPROVED WE WOULD MERELY WE ARE   ALREADY IN DESIGN WE WOULD   IMMEDIATELY BEGIN AND BID IT   OUT DO A DESIGN BUILD CONTRACT   AND OCCUPIED THE FACILITY TURN   THE KEYS OVER TO MCPS NEXT   FALL. SO FULL OF 27 OR EXCUSE   ME 26. THAT IS THE TIMELINE FOR   THE LEASE SPACE.  WE DON'T THINK THAT IT'S GOING   TO TAKE US MORE THAN ONE YEAR   TO ACTUALLY BUILD OUT WHAT MCPS   NEEDS. IT'S NOT AN OVERLY   AGGRESSIVE TIMELINE BY ANY   STRETCH. WE FEEL IT IS VERY   REALISTIC TO HAVE MCPS AND THAT   THEIR NEW FACILITY AND AT THE   FALL OF 26.  ABOUT FOUR OR FIVE YEARS   EARLIER THAN WE WOULD OTHERWISE   DO FOR A PUBLIC-PRIVATE   PARTNERSHIP AT JEREMIAH PARK.   THOSE ARE THE TWO PRIMARY   REASONS THERE ARE A MYRIAD OF   OTHERS AS MR. MIA MENTIONED I   WILL WRAP UP HERE I APOLOGIZE   WE ARE STILL IN NEGOTIATIONS TO   LEASE THIS FACILITY.  WE ARE RIGHT IN THE MIDDLE OF   IT THERE OBVIOUSLY THE TIMING   OF ALL THIS IS VERY   INCONVENIENT BECAUSE IT IS NOT   SYNCED UP WITH OUR BUDGET   PROCESS YOU'VE SEEN A FLURRY OF   AMENDMENTS TO THE OPERATING AND   THE CIP. WE THINK WE HAVE A   HANDLE ON IT NOW WE WILL KNOW   IN A MATTER OF WEEKS WHETHER WE   ARE A GO OR NO GO WE ARE VERY   HOPING THAT WE COME BACK TO YOU   IN A FEW WEEKS WITH VERY GOOD   NEWS AND EVERYTHING IS GOLD.   AND SEEKING YOUR APPROVAL   OBVIOUSLY TODAY FOR TODAY'S   AGENDA ITEM.   >> Evan Glass,Chair: THANK YOU   FOR THAT OVERVIEW I JUST WANT   TO COMMEND DGS FOR THE QUICK   ACTION AND THE NIMBLENESS   RECOGNIZING THAT THESE   PROPERTIES WERE AVAILABLE. AND   RECOGNIZING THE POTENTIAL GIVEN   THE BUDGET DYNAMICS AND THE   OTHER LAND USE ISSUES THAT   EXISTED SEEING THE POTENTIAL   HERE THAT IS WHAT LOCAL    GOVERNMENT IS ALL ABOUT SEEING   THE POTENTIAL WITHIN OUR   COMMUNITY. THAT IS THE ACTION   THAT YOU WILL HAVE TAKEN . I   WANT TO THANK OUR RESIDENTS FOR   THEIR CIVIC ENGAGEMENT.  CIVIC ENGAGEMENT YOU ALSO BE   TEACHING CIVIC ENGAGEMENT   CLASSES.TO THE REST OF THE    MONTGOMERY COUNTY BECAUSE YOU   HAVE BEEN PERSISTENT YOU HAVE    BEEN INFORMED FRED AND YOU'VE   BEEN THERE EVERY STEP OF THE   WAY.  NOT JUST AT THE END.  YOU'VE BEEN THERE FROM THE   BEGINNING.  THAT IS WHAT PARTNERSHIP REALLY   IS.  MAKING THINGS IN YOUR OWN   COMMUNITY HAPPEN. I'M GLAD WE   ARE AT THIS POINT. BOTTOM LINE,   THIS IS GOOD NOT ONLY FOR THE   RESIDENTS SO WE CAN GET MIXED   USE DEVELOPMENT WHERE IT SHOULD   BE. IN OUR TRANSIT CORRIDORS   AND IT'S GOOD FOR THE FUTURE OF   THE MONTGOMERY COUNTY SO WE CAN   HAVE ZERO EMISSION BUSES NOT   ONLY FOR MCPS BUT FOR OUR RIDE   ON FLEETS. FOR THAT REASON I   WILL SUPPORT AND HAVE MY   FINGERS CROSSED THAT THE LEASE   NEGOTIATIONS GOWELL.   >> Kate Stewart: I'M NOT SURE I   HAVE ANYTHING TO ADD FROM ONE .  [LAUGHTER] FROM WHAT CHAIR   GLASS HAS ADDED JUST THANK YOU   AGAIN FOR THE QUICKNESS OF THE   SPRING AND ABLE TO FIGURE OUT   THE SITUATION MOVING FORWARD.  I'M REALLY LOOKING FORWARD TO   GETTING SOMETHING SOLID ON THE   SPREAD AS I KNOW YOU ARE.  TURN IT BACK TO THE CHAIR.   >> Andrew Friedson: THANK YOU A   LETTER OF SUPPORT WE HAVE BEEN   WAITING FOR THIS MOMENT WE ARE   WAITING FOR THE NEXT MOMENT TO   FOLLOW THAT THIS PRECIPITATES.   KUDOS TO THE COMMUNITY FOR THE   ADVOCACY IT'S BEEN MORE THAN 20    YEARS WHEN YOU TALK ABOUT WHEN   THE MASTER PLAN PROCESS   ACTUALLY STARTED NOT WHEN IT   WAS APPROVED FOR BY THE COUNTY   COUNCIL WHICH WAS 19 YEARS AGO.  THIS IS A BEYOND LONG-AWAITED   EFFORT TO ACTUALLY READ   DEVELOPED IN THE WEIGHT THAT   WORKS FOR THE COMMUNITY AND   HAVING A SITE THAT MAKE SENSE   AND REALLY APPRECIATE DGS. I   WANT TO ACKNOWLEDGE SHE'S NOT   HERE BUT COUNCILMEMBER LUEDTKE   FOR HER EFFORTS IN HER WORK   WITH THE COMMUNITY SHE DESERVES   QUITE A BIT OF CREDIT.  OBVIOUSLY IT IS COMPLICATED IT   IS CHALLENGING THERE STILL SOME   WORK TO BE DONE BUT THIS IS A   REALLY POSITIVE STEP FORWARD WE   REALLY APPRECIATE THE WORK THAT   DGS DID IN MEETING WITH US AND   EXPLAINING THE PROCESS SO WE   HAD INFORMATION AHEAD OF TIME   BECAUSE THERE IS A LOT OF   MOVING PARTS TO HOW THIS IS   GOING TO WORK. THAT DOES NOT   ALWAYS HAPPEN WE HAD A NUMBER   OF CONVERSATIONS BROUGHT THIS   BUDGET PROCESS OF A SIGNIFICANT   ASKS THAT HAVE NOT COME WITH   THE PRELIMINARY COMMUNICATION   AND COLLABORATION THIS HAS . I   THINK YOU CAN SEE THE BENEFITS   OF THAT BECAUSE THERE IS QUITE   A BIT OF UNDERSTANDING OF WHERE   THIS IS HEADED . THE REASONS   FOR IT AND WE ARE HEARING   OVERWHELMING AND ENTHUSIASTIC   SUPPORT. THANK YOU FOR THE WORK   THANK YOU TO THE COMMUNITY YOU   WILL HAVE TO CONTINUE TO ENGAGE   IN THIS PROCESS. AS I THINK YOU   ARE WELL AWARE.THIS IS THE   BEGINNING OF AT THE END I HOPE   NOT JUST THE END OF THE   BEGINNING OF THIS PROCESS   MOVING FORWARD. IT IS CURRENTLY   A POSITIVE STEP IN THE RIGHT   DIRECTION. I AM LOOKING FORWARD   TO SUPPORTING IT.    >> Evan Glass,Chair: THANK YOU   I WILL TURN IT OVER TO THE   COUNCIL MEMBER USED TO   REPRESENT THIS DISTRICT.   >> Sidney Katz: I WANT TO   PUBLICLY THANK DIRECTOR DISE   AND NO HE'S DRIVING AND.  [LISTING NAMES] AND CERTAINLY   THE COMMUNITY.  YOU ALREADY MENTIONED   COUNCILMEMBER LUEDTKE.  AT ONE POINT BEFORE THEY   RECONFIGURED THE THIRD   DISTRICT, THIS WAS IN MY   DISTRICT.  I HAVE TO TELL YOU THIS WAS AN   ABSOLUTE NIGHTMARE EVERY ONE   FORMER COUNTY EXECUTIVE LIKE IT   WORK WITH THIS CERTAINLY COUNTY   EXECUTIVE ELRICH HAS WORKED   WITH THIS RIGHT ALONG THE WAY   EVERY ONE WANTED TO SOLVE IT.   NOBODY CAN FIGURE OUT HOW TO DO   IT.  I ALWAYS THOUGHT I KNEW A   LITTLE BIT ABOUT MONTGOMERY   COUNTY I LOOKED AT PLACES THAT   I THOUGHT IT COULD GO RIGHT   OVER THERE AND THERE WAS   ANOTHER PROBLEM ASSOCIATED WITH   THAT.  THIS FINALLY LET'S UNDERLINE   THE WORD FINALLY IS THE   HOPEFULLY IS THE RIGHT SPOT FOR   IT. AND HOPEFULLY IT WILL GET   SOLVED MUCH FASTER WE MADE   PROMISES TO THE COMMUNITY ALL   ALONG WE PROMISED WE TRULY KEPT   WAS WE WOULDN'T GIVE UP. WE   HAVE DONE THAT.  I LOOK FORWARD TO VOTING FOR   THIS IN A FINAL CAPACITY THANK   YOU ALL.   >> Evan Glass,Chair: THANK YOU.   >> Marilyn Balcombe: I WILL   CHIME IN AS WELL.  I'M RELATIVELY NEW ON THE   COUNCIL. IN THIS CAPACITY IT'S   A RELATIVELY NEW CONVERSATION.   BUT BEING A COMMUNITY MEMBER IT   IS KIND OF LIKE THE CICADA   EVERY SO OFTEN IT COMES UP AND   WE ALL HAVE TO DEAL WITH IT.  I'M REALLY LOOKING FORWARD TO   SOME FINALITY THANK YOU TO THE   COMMUNITY FOR BEING HERE.  AND FOR WATCHING THANK YOU.  >> Evan Glass,Chair: THEIR   PRE-GULP THANK YOU TEAM EFFORT   BUT AS COUNCILMEMBER KATZ SAID   WE ARE ALMOST THERE. LET'S DO A    FORMAL VOTE FOR EVERYBODY WHO   IS WATCHING ALL THOSE IN   SUPPORT OF THIS $10,550,000   APPROPRIATION SO WE CAN FINALLY   DISPOSE AND BUILD A NEW BUS   DEPOT RAISE YOUR HAND.  THAT IS UNANIMOUS BY THE JOINT   COMMITTEE.   THANK YOU DGS THANK YOU TO THE   COMMUNITY.  TALKING ABOUT GREEN BUSES WILL   NOT TALK ABOUT THE GREENBANK I   FIGHT THE GREENBANK TO COME ON   UP.  GOOD AFTERNOON AND WELCOME IT'S   BEEN A GOOD WEEK FOR THE   GREENBANK WITH THE OPENING OF   YOUR NEW OFFICE WHICH IS   BEAUTIFUL NOT ONLY THE FACILITY   ITSELF BUT THE SPACE IN WHICH   THE GREENBANK TEAM DOES THEIR   WORK.  WE WANT TO MAKE SURE THAT YOU   CONTINUE DOING THAT WORK NOW   MORE THAN EVER ESPECIALLY WITH   ALL OF THE OTHER PARTIES THAT   THE COUNTY HAS AND WE WILL GET   INTO THAT AS MR. KENNY WALKS US   THROUGH.  >> Kate Stewart: JUST LOOKING   FORWARD TO IT.    >> Stephen Kenny,Legislative    Analyst: THANK YOU WE ARE   TALKING ABOUT THE MONTGOMERY   COUNTY GREENBANK   NON-DEPARTMENTAL ACCOUNT IN THE   FY 26 OPERATING BUDGET THE   COUNTY EXECUTIVE RECOMMENDS A   DECREASE OF $3.4 MILLION OR   17.6% FROM THE FY25 APPROVED   OPERATING BUDGET FOR THE   MONTGOMERY COUNTY GREEN BANK   NON-DEPARTMENTAL ACCOUNT (NDA).   THIS IS A 3.4 MILLION OR 17.6%   DECREASE FROM THE FY 25   APPROVED BUDGET FOR THE   MONTGOMERY COUNTY GREENBANK.  WE WILL GET INTO SOME DETAILS   ON WHAT COMPRISES THAT CHANGE.  JUST QUICKLY SOME BACKGROUND ON   THE GREENBANK.  I WILL RUN THROUGH THIS QUICKLY   IF THERE IS MORE INFORMATION IN   THEPACKET GREENBANK WAS CREATED   BY THE COUNCIL THE UP BILL 4-21   FY 23 .  THE GREENBANK IS   PSEUDO-GOVERNMENTAL INDEPENDENT   ORGANIZATION DESIGNATED BY THE   COUNCIL IT OPERATES   INDEPENDENTLY BUT RECEIVES   FUNDING FROM THE COUNTY VIA   STATUTORY TRANSFER OF 10% OF   THE COUNTY'S FUEL ENERGY TAX   REVENUE.THIS IS THE 10% LEVEL   OF TRANSFER WAS WHAT WAS   STIPULATED IN THE ORIGINAL BILL   ALTHOUGH THE COUNTY ATTORNEY   HAS RULED AT THE TIME AND   CONTINUES TO MAINTAIN THAT THIS   APPROPRIATION IS ULTIMATELY UP   TO THE COUNCIL.  IN TERMS OF WHAT LEVEL IS   TRANSFERRED.  THIS IS RELEVANT FOR THIS   YEAR'S DISCUSSION.   MOVING TO PAGE 2 OF THE PACKET   THE BUDGET DISCUSSION ITEMS.   THERE ARE ONLY TWO ITEMS TO    CHANGES THAT COMPRISE THIS   YEAR'S HOW WE GET TO THIS   YEAR'S BUDGET FOR THE    GREENBANK.  THE COUNTY DOES NOT STIPULATE   WHAT UNLIKE OTHER NDAS OR OTHER   BUDGETS OR OTHER COMPONENTS   WITHIN THE OPERATING BUDGET THE   COUNTY DOES NOT STIPULATE WHAT   THE OPERATING OR PERSONNEL   EXPENDITURES ARE FOR THE   GREENBANK PRINCE RATHER JUST BE   DETERMINED WHAT OUR TOTAL   APPROPRIATION WILL BE.  THE TWO CHANGES TO THIS YEAR'S   APPROPRIATION IN THE   EXECUTIVE'S RECOMMENDED BUDGET   ARE A ONE POINT ROUGHLY $1.1   MILLION DECREASED COSTS TO   ADJUST FOR THE FY 26 ENERGY TAX   PROJECTION. AS WELL AS A $2.3   MILLION REDUCTION IN THE   TRANSFER TO THE GREENBANK.  HE SIMPLY I MENTION THE 10%   FUEL ENERGY TAX TRANSFER THAT   FIRST ITEM THE $1.1 MILLION IS   A DECREASE IN THE TOTAL   TRANSFER IF WE WERE THAT IS   STILL KEEPING THAT 10% 10% IS   LOWER THE TOTAL REVENUES ARE   LOWER. MEAN WHILE THE SECOND   ITEM, IS A PRODUCTION BY 12.5%   OF THE COUNTIES TRANSFER SO   THIS IS A DISCRETIONARY   TRANSFER THIS IS A POSITION IN   THE COUNTY EXECUTIVES FY 26   RECOMMENDED OPERATING BUDGET TO   GO BELOW THAT 10% THRESHOLD   STIPULATED IN THE STATUTE TO   DUE TO AFFORDABILITY . THIS IS   GENERALLY PART OF THAT BROADER   EQUATION AND THAT THE GENERAL   FUND SO THIS IS ALL PART OF   THAT CONVERSATION.  I HAVE SOME INFORMATION IN THE   STAFF REPORT ON WHAT THE   GREENBANK EXPECTS THE IMPACT OF   THIS REDUCED TRANSFER TO BE.  I WILL NOTE A TEXTURAL ERROR   THEY CAME TO MY ATTENTION.  AT THE TOP OF PAGE 3 OF THE   PACKET THE TEXT SAYS $2.3   MILLION LOSS IN 20 FUNDING WILL   RESULT IN A $12 DECREASED $12   MILLION DECREASE.   THIS IS ROUGHLY A ROUNDING   ERROR.  [LAUGHTER].  THIS IS A ROUGHLY 6 FOLD IMPACT   IN THE PRODUCTION OF COUNTY   DOLLARS TRANSLATING TO   REDUCTION IN TOTAL INVESTMENT   THAT THE MONTGOMERY COUNTY   GREENBANK IS ALLOWED TO DO.  THIS WILL ALSO RESULT IN THE   GREENBANK RETAINING THEIR   CURRENT LEVEL AT 14 FTES THEY   LOOKING TO GET BACK TO THEIR   PREVIOUS LEVEL OF 15 FTES TO   HIRE.  THESE ARE THE TWO CHANGES I   NOTE THE GREENBANK HAD SOME   SLIDES. THAT THEY PREPARED TO   KIND OF WALK THROUGH IN GREATER   DETAIL THE WORK THEY'VE BEEN   DOING OVER THE COURSE OF YOUR .   THE WORK THEY EXPECT TO DO IN   FY 26 AND THE IMPACT OF THESE   CHANGES ON THAT WORK.   >> Evan Glass,Chair: THANK YOU   FOR THAT MR. KENNY IS BEEN A   BIG 12 MONTHS FOR THE GREENBANK   NOT ONLY YOUR NEW OFFICES BUT   ALSO THE WORK THAT WAS WON OVER   BY FEDERAL AWARD. FROM THE   GREENHOUSE GAS REDUCTION FUND.   AS WELL AS THE WORK THAT WILL   BE MOVING ON IN THE YEARS TO   COME SO PUT THAT BOTTOM WILL   TURN IT OVER TO YOU TO WALK US   THROUGH YOUR PRESENTATION AND   SHARE WITH US THE WORK YOU'VE   BEEN DOING AND THE WORK YOU   EXPECT TO DO.   >> Stephen Morel,Green Bank:   EXCELLENT THANK YOU AND SHOULD   I MOVE OVER I CAN DO THAT IF   THAT IS EASIER?  GREAT!  THANK YOU AND THANK YOU CHAIR   GLASS AND CHAIR STEWART FOR   LOAN COMMITTEE, I DO HAVE A   COUPLE OF SLIDES I WON'T SPEND   TOO MUCH TIME AS YOU ARE OVERLY   GREAT EXPERTS ON THE MONTGOMERY   COUNTY GREENBANK. HOWEVER   READING SOME INACCURACIES IN   THE NEWS ABOUT HOW WE FUNCTION   THIS MORNING I FELT AS THOUGH   IT IS WORTHWHILE TO SPEND A FEW   MINUTES GOING OVER THE SLIDES.   CLEARLY I APPRECIATE YOUR   CONSIDERATION OF THIS NDA ITEM   I'M HERE TO ACTUALLY NOT ACCEPT   THE RECOMMENDED LEVEL AND TO   BOOST THE LEVEL OF FUNDING WE    UNDERSTAND AS A 10% BENCHMARK   THAT IS THE RIGHT BENCHMARK FOR   US TO MOVE FORWARD ON AND IF   EXPECTED RECEIPT OF THE FUEL   ENERGY TAX ARE LOWER WE ALSO   UNDERSTAND 10% OF THAT IS   PROPORTIONATELY LOWER. WE DO   ENCOURAGE WE TRY TO MAINTAIN AS   CLOSE TO THAT RATIO AS   POSSIBLE. HAVING A LONG   EXPERIENCE IN THE FINANCIAL   INDUSTRY I CAN TELL YOU PEOPLE   IN THIS INDUSTRY SHARE MANY   CHARACTERISTICS WITH THE   WOODLAND CREATURES AND THE MORE   YOU MAKE LOUD NOISES THE MORE   YOU FRIGHTEN THEM. THE MORE WE   VEER OFF THE DIRT DOWN OR UP   FROM THE 10% MARK IT IS HARD   FOR THE INDUSTRY TO ACCEPT THAT   THAT IS THE APPROPRIATION IN   FUTURE YEARS.  JUST A COUPLE OF THINGS I WANT   TO MENTION I THINK WE'VE HEARD   A GREAT DESCRIPTION ALREADY   FROM STEPHEN ABOUT HOW WE WORK   BUT I DO ALWAYS LIKE TO RELATE   WHAT WE ARE ACTUALLY DOING WE   ARE HERE TO SOLVE PROBLEMS IN   THE MARKET. THIS IS JUST A MAP   OF GREEN BANKS ALL AROUND THE   US. THE SOLUTION SET HERE IS   THE FINANCIAL SOLUTION SET IN   ADDITION WITH SOME EDUCATION    SOLUTIONS THAT SPREAD THAT   THESE ARE THE TOOLS THAT WE USE   TO GARNER FINANCIAL LEVERAGE SO   EVERY TIME WE THINK ABOUT   FUNDING THAT WE WOULD GARNER   AND BE ABLE TO SPEND YOUR   THINKING IN TERMS OF THE   SOLUTION SET SPRINT REALLY HOW   WE CAN OVERCOME MARKET   BARRIERS.  WE DID HAVE A BIG YEAR AS CHAIR   GLASS MENTIONED LAST YEAR    CATALYZING HUNDRED AND $5   MILLION WORTH OF PROJECTS THAT   WAS BY SPENDING APPROXIMATELY   $20 MILLION SPREAD IN CAPITAL.  THAT IS ROUGHLY 4/1 PRIVATE   SECTOR CAPITAL RATIO WE ARE   ABLE TO BRING IN WE LOOK TO   CONTINUALLY INCREASE THAT.  VERY PLEASED WITH OUR RESULTS   LAST YEAR, WE ARE LOOKING TO   INCREASE THOSE RESULTS FOR   SHERBURNE TO CROSS AN AGGREGATE   BASIS $280 MILLION FOR THE   PROJECT VOLUME. WE ARE ON AN   UPWARD TRAJECTORY WE WANT TO   MAKE SURE TO CONTINUE THAT   UPWARD TRAJECTORY. THIS   IS WHEN I THINK EVERYBODY IS   ALREADY FAMILIAR WITH WHERE WE   ARE WORKING. WE ARE LOOKING TO   ACHIEVE CLIMATE OBJECTIVES. BUT   WE DO THAT FROM IN AN ECONOMIC   PERSPECTIVE REGENERATING JOBS   MR. WOULD HELP TO CREATE NINE   WE WANT TO MAKE SURE TO   CONTINUE THAT UPWARD   TRAJECTORY. THIS   IS WHEN I THINK EVERYBODY IS   ALREADY FAMILIAR WITH WHERE WE   ARE WORKING. WE ARE LOOKING TO   ACHIEVE CLIMATE OBJECTIVES. BUT   WE DO THAT FROM IN AN ECONOMIC   PERSPECTIVE REGENERATING JOBS   MR. WOULD HELP TO CREATE 900   INDIRECT AND DIRECT THE JOBS   WORK AT THE INTERSECTION WITH   HEALTH AND RESILIENCE AND BRING   IN THAT PRIVATE CAPITAL. I   THINK THESE ARE IMPORTANT    ELEMENTS TO RECALL IN TERMS OF   WHERE WE WORK. HOW WE WORK IS   REALLY THE FLY THAT IS   COMPLICATED I WANT TO SPEND A   FEW MOMENTS ON BECAUSE IT GETS   TO A BIT OF THE INACCURACIES I   WAS READING IN THE NEW SET   TODAY. WE HAVE DIFFERENT TOOLS   TO GARNER FINANCIAL LEVERAGE IN   ORDER TO TAKE LIMITED PUBLIC   SET AND BRING IN THE PRIVATE    CAPITAL. WE VARY FROM THINGS   LIKE ON THE LEFT THE LOAN   RESERVE STRUCTURE THESE ARE   CREDIT ENHANCEMENT TECHNIQUES   IN ORDER TO BRING IN PRIVATE   CAPITAL. ALL THE WAY TO   DIFFERENT LEVELS OF CAPITAL   WITHIN A CAPITAL STACK TO   COMPLETELY DO A TRANSACTION   OURSELVES. I DO PLAN TO SPEND A   FEW MOMENTS ON THE THIRD AND   FOURTH ITEM ON THE RIGHT WHICH   IS ABOUT BALANCE SHEET CAPITAL.   THE INACCURACY WAS READING   ABOUT THIS MORNING WASN'T THAT   THE MONTGOMERY COUNTY GREENBANK   IS NOT SPENDING THE ENTIRETY OF   THE NDA THAT IT IS RECEIVING.   WHICH IS NOT TRUE WE'VE   ACTUALLY SPENT 100% EVERY YEAR   WE RECEIVED THE SUMS FROM THE    COUNTY COUNCIL.  THE INACCURACY MAY STEM FROM   THE FACT THAT WE DO USE BALANCE   SHEET LEVERAGE IN ORDER TO   GARNER PRIVATE CAPITAL SO THAT   CAN LOOK AND FEEL LIKE MONEY   SITTING IN OUR BALANCE SHEET   AND NOT BEING USED. LET ME GIVE   YOU THREE EXAMPLES WHERE IT'S   BEEN INCREDIBLY PRODUCTIVE. WE   REQUIRE FAIRLY RECENTLY $2.5    MILLION TO CASH COLLATERALIZE A   10 YEAR $5 MILLION REVOLVING   FUND THAT WE ENTERED INTO WITH   THE USDA. THAT WILL BE ROLLED   OVER FOR 10 YEARS. ASSUMING WE   CAN REVOLVE THAT TWICE GENERATE   10 MILLION OF CAPITAL AND AND   OR LEVERAGE RATIO EXECUTE $40   MILLION WITH OF TRANSACTIONS   THAT YOU $0.5 MILLION THAT WITH   THE SET AND OUR BALANCE SHEET   IS ACTUALLY CATALYZING QUITE A   BIT OF PRIVATE CAPITAL   INVESTMENT. BUT IT DOES LOOK   AND FEEL LIKE MONEY THAT WE ARE   NOT SPENDING IF IT IS ON OUR   BALANCE SHEET. ANOTHER EXAMPLE   THE CHAIR GLASS MENTIONED IS   THE GG RF GREENHOUSE GAS    REDUCTION FUND GRANT THAT WE   COMPETITIVELY WON RECENTLY FROM   THE FEDERAL GOVERNMENT THE EPA.  IN ORDER TO GET THAT SIX-$8   MILLION. TO HAVE A VERY ROBUST   BALANCE SHEET WHERE AT THE TIME   WITH THE HAVE APPROXIMATELY $41   BILLION ON OUR BALANCE SHEET   AND NET ASSETS. LOVE THAT WAS   CASH ON HAND FROM LOANS THAT   HAVE BEEN REPAID WE HAVE NOT   REDEPLOYED OR FUNDS THAT HAD   COME IN FROM THE NDA. THAT WAS   VERY IMPORTANT TO GET THAT   GRANT. THEN THIRD EXAMPLE IS   WERE CURRENTLY IN THE PROCESS   OF NEGOTIATING WITH PRIVATE   CAPITAL PROVIDERS FOR FIVE-$10   MILLION IN A PRIVATE ISSUANCE   OR A LINE OF CREDIT. THAT WOULD   BE STRUCTURED IN A WAY TO LOOK   AND FEEL LIKE A BEST BOND . ALL   OF THOSE PRIVATE CAPITAL   PROVIDERS MEET THE DESCRIPTION   I JUST GAVE EARLIER THAT THEY   SAY IN THEIR TERM SHOULD WE   WANT TO SEE A CONSISTENT ANNUAL   APPROPRIATION, FROM THE COUNTY   COUNCIL. BECAUSE THAT GOES TO   THEIR REPAYMENT IF WE ARE   DRAWING FUNDS FROM THEM. AGAIN   WE WOULD LIKE TO STICK AS CLOSE   AS POSSIBLE TO THAT 10%. I   THINK HOW WE ARE STRUCTURED    PEOPLE ARE VERY SIMILAR WE ARE   AT 14 EMPLOYEES AND INTERNS   CURRENTLY DO LIKE TO HIGHLIGHT   THAT WE ACTUALLY SPEAK 10    LANGUAGES THE COUNTY IS DIVERSE   WE LOOK TO TRY TO WORK IN AS   MANY LANGUAGES AS POSSIBLE. WE   ARE SO PRETTY MUCH LIKE A POND    IN TERMS OF FUNCTIONALITY. OF   OUR BACK OFFICE OUR CREDIT   TEAMS, AS WELL AS OUR   INVESTMENT TEAMS THAT ARE OUT   WORKING ON TRANSACTIONS. AND A   VERY STRONG BOARD OF DIRECTORS   AND INDEPENDENT GOVERNANCE.  WHICH GOES TO OUR COMMITMENT TO   TRANSPARENCY TO MAKE SURE THAT   WE ARE PUBLISHING OUR   FINANCIALS CONCEPTUALLY THAT WE   ARE PUBLISHING OUR ANNUAL   REPORT AND WORKING WITH THE   COMMUNITY TO MAKE SURE THAT   THEY UNDERSTAND EVERYTHING THAT   WE DO.  HISTORICALLY I DO INCLUDE WHAT   WE EXPECT TO FINISH THIS FY 25   WITH WE'VE BEEN ON A GREAT   UPWARD TRAJECTORY IN TERMS OF   WHAT WE ARE SPENDING LIKE A   MENTION ON TRACK TO AN   AGGREGATE BASIS REACH $280   MILLION.ON A PORTFOLIO OF RAW   PORTFOLIO 3/1 IN TERMS OF   PRIVATE-SECTOR UP TO PUBLIC   CAPITAL JUST LEISURE IT WAS 4/1   WE ARE CLEARLY INCREASING EVERY   YEAR THAT WE DO. WHERE ARE WE   LOOKING TO GO IN FY 26?  OUR BEPS READINESS PROGRAM IS   NUMBER ONE WITH THE SPORT THE   BEPS PROGRAM AND THE RELATIONS   THAT THE COUNCIL PERSONALLY   APPROVED WHICH IS A REALLY   CONTINUUM PROGRAM STARTING WITH   TECHNICAL ASSISTANCE TO ALLOW   PEOPLE TO UNDERSTAND WHAT DO I   NEED TO ACTUALLY DO TO COMPLY   WITH BEPS?  THROUGH THE FINANCING SOLUTIONS   THAT ARE OUT THERE. OUR   ENERGIZED MULTIFAMILY IS   DEDICATED TO DOING MORE CLEAN   ENERGY AND ENERGY EFFICIENCY   WITHIN THE MULTIFAMILY SPACE.   WE HAD REALLY GREAT RESULTS OF   OUR IN ELECTRIFICATION OF LARGE   PROPERTIES THAT WILL BE CHOSEN   TO WITHOUT SUBSIDIZED SUPPORT.   OUR FACILITY HUB ACCELERATOR   LOOKING TO PUT MORE RESILIENCY   HUBS WITHIN THE COUNTY. TO ACT   NOT JUST AS HUBS FOR ENERGY   SECURITY BUT ALSO COMMITTEE   CENTERS THAT PROVIDE MANY OTHER   RESOURCES AS WELL. IN EXPANDING   OUR EV CHARGE INFRASTRUCTURE   PROGRAM GOING BACK AS WELL TO   THE COMMENT I MADE THAT I THINK    THERE IS INFORMATION OUT THERE   THAT THE GREENBANK IS NOT   SPENDING ALL OF ITS FUNDS. THAT   MAY ALSO STEM FROM THE FACT   THAT WE WERE INITIALLY WERE    CREATED FOR THE CAPITALIZATION   FROM THE PEPCO EXXON MONITOR    SPECIFIC SET OF FUNDS TO SEE   THE ORANGE BAR AT THE SAME   LEVEL OF A SINGLE YEAR WE DON'T   WANT TO SPEND OUR MONEY IN ONE   YEAR WHEN THAT WAS THE CASE IT   WAS A SLOW RAMP-UP THE BLUE   LINE ON THE BOTTOM ALSO CURVES   UP SLOWLY IS THAT DEPLOYMENT OF    RESOURCES ON AN AGGREGATE   BASIS. YOU CAN SEE THAT WE WERE   NOT SPENDING VERY LITTLE OF OUR    RESOURCES TO NOW INITIATE AN   EXPECTED BY THE FIVE FY 25   SPENDING ALL OF OUR RESOURCES   WE WANT TO MAKE SURE TO    CONTINUE TO LEVERAGE OUR    RESOURCES AS BEST POSSIBLE AND   ANY CUT IN THEM IS NOT GOING TO   HAVE OR IT WILL HAVE A DIRECT   CUT IN THAT TOP LINE THE PURPLE   LINE WHICH IS THE INVESTMENT   ITSELF. WE WILL HAVE ADDITIONAL   SLACK OR DRY POWDER AS THEY SAY   IN THE FINANCE INDUSTRY TO BE   ABLE TO PUT TOWARDS MORE OF   THOSE TRANSACTIONS. WE DO SHOW   THIS ON A REGULAR BASIS WITH   THE COUNTY WE DO QUARTERLY   REPORTING JUST WANT TO SHARE    OUR FY 24 FINAL REPORT THAT IS   AGGREGATE FOR THE WHOLE YEAR.    AS YOU CAN SEE WE REACH 100%   DEPLOYMENT OF THE ENERGY TAX.   THEN THE CHART RIGHT BELOW THAT   IS WHERE WE ARE    CONTEMPORANEOUSLY FOR THIS   FISCAL YEAR. WE ARE ALMOST AT   90% I HAVE NO CONCERNS THAT WE   WON'T REACH 100% SPENDING OF   THE FUEL ENERGY TAX MONEY IS   WHELPED BY THE END OF THIS    YEAR. WHAT WOULD HAPPEN LIKE I   WAS MENTIONING WE CANNOT KEEP   THE INCREASE IN THE EXPONENTIAL   INCREASE IN TOTAL PROJECT   INVESTMENT THAT PURPLE LINE IF   WE DO ACCEPT THE DECREASE IN   NDA FUNDING THAT IS BEEN   PROPOSED THAT IS WHY THAT LINE   IT SHOWS THE FY 26 ON 3/1   LEVERAGE RATIO WOULD REALLY   START TO DECLINE WHAT WE ARE   ULTIMATELY GOING TO BE ABLE TO   PROVIDE TO THE COUNTY. REALLY I   APPRECIATE STEPHEN'S   DESCRIPTION OF HOW WE WOULD   ADJUST WITH A REDUCTION I THINK   HE SAID THESE POINTS ALREADY I   JUST WANT TO PUT THIS OUT   THERE. IF WE ARE LOOKING AT THE   PRODUCTION THAT IS BEEN   PROPOSED WE WOULD LOOK AT A   REDUCTION IN OUR OPERATING   BUDGET BOTH ON THE PROGRAMMING   SUPPORT AS WELL AS GENERAL    OPERATIONS CLEARLY WE WOULD   FREEZE NEW HIRES AT 14TH LEVEL   AS OPPOSED TO GOING UP TO 15   WITH THAT MEANS WE WOULD HOLD   ON AN UNDERWRITING INDIVIDUAL   THAT WOULD HELP US REALLY PUT   THE VOLUME UNDERWRITING BEPS   TRANSACTIONS AND INTERNALIZE   THAT AS BEST WE COULD IN THE   MEANTIME. WE WOULD LOWER OUR   TARGET DEPLOYMENT OF ACTUAL   CAPITAL TO $18 MILLION INSTEAD   OF $21 MILLION. AGAIN STEPHEN   MENTIONED, IF YOU LOOK AT THAT   REDUCTION IT TRANSLATES TO $12   MILLION NOT $12 PER $12 MILLION    LEFT IN TOTAL PROJECT    INVESTMENT WE WOULD STILL   PRIORITIZE BEPS AS OUR NUMBER   ONE PRODUCT I THINK AS WE GO   DOWN THAT PRIORITIZATION LIST   IT WOULD BE MORE AND MORE   CHALLENGING.  ANOTHER KEY PIECE I WANT TO   NOTE WHICH I'M SURE YOU ALL UP   READING ABOUT IN THE NEWS EVERY   SINGLE DAY AS WE ALL ARE WITH    VARIOUS PIECES OF FEDERAL   FUNDING THE MONEY WILL BE   RECEIVED SUCCESSFULLY THIS   GRANT THE GRANT WAS POSITIVE IN   THE GREENBANK ACCOUNT WITH   CITIBANK IT'S ENTERED INTO   LITIGATION AS THE GOVERNMENT IS   TRYING TO CANCEL THE GRANT   PROGRAM AND AS THERE IS ONGOING   LITIGATION. I CANNOT COMMIT TO   MUCH ON THAT GIVING IT HIS   CONTINUED LITIGATION OTHER THAN   THE SAFE WILL BE PENCILS DOWN   AS THAT IS BEEN RESOLVED AND   VERY HOPEFUL THAT SOME OF THAT   WILL BE RESOLVED IN THE NEXT   4-8 MONTHS BUT I DON'T WANT TO   PROGNOSTICATE TOO MUCH BECAUSE   THAT IS ALWAYS HARD TO TELL.  THOSE WERE JUST A FEW OF THE    SLIDES I WANT TO MAKE SURE TO   HIT FOR COMMENT INFORMATION FOR   EVERYBODY AM HAPPY TO ANSWER   QUESTIONS.   >> Evan Glass,Chair: THANK YOU   VERY MUCH FOR THE PRESENTATION    HIGHLIGHTING THE INCREDIBLE   WORK THAT HAS BEEN UNDERWAY BUT   I PARTICULARLY APPRECIATED   ABOUT YOUR SLIDE DECK WAS THE   WORK OVER THE LAST NUMBER OF   YEARS. SEEING HOW IT HAS RAMPED   UP SEEING HOW THE ADDITIONAL   FINANCIAL SUPPORT HAS TURNED   INTO ADDITIONAL INVESTMENT. AND   GREEN FOR STRUCTURE THEN ADDING   TO IT WHICH I DON'T THINK WAS   REPRESENTATIVE ON THE SIDE   GREENHOUSE GAS REDUCTION FUND   WHICH WILL IT WILL REQUIRE A   BRAND-NEW SLIDE WITH A   BRAND-NEW Y AXIS. GIVEN THE   WORK THAT IS GOING TO BE    UNDERTAKEN. THE DECISION POINTS   FOR US RIGHT NOW ARE REALLY TWO   DIFFERENT ITEMS WHICH HAVE BEEN    IDENTIFIED IN THE PACKET. ONE,   IS THE MAINTAINING OR KEEPING   TO THE SPIRIT OF THE LAW THAT   WAS PASSED REGARDING A 10%   TRANSFER. THEN THE OTHER IS   MORE DISCRETIONARY.  I JUST WANT TO SAY THAT WHEN   THE LEGISLATION WAS INTRODUCED   AND PASSED A NUMBER OF YEARS   AGO REGARDING DEDICATING 10% I   WAS SKEPTICAL. WE HAD MANY   CONVERSATIONS ABOUT IT WAS   NEVER SKEPTICAL OF THAT   LEGISLATION WHICH I DID SUPPORT   BUT MY SKEPTICISM CAME FROM TWO   REASONS. ONE, IT TIED THE   ADDITIONAL FUNDING TO THE   ENERGY TAX WHICH WE KNOW   FLUCTUATES. SOMETIMES IT IS   HIGHER WHICH IS GOOD FOR THE   GREENBANK SOMETIMES IT IS   PROJECTED TO BE LOWER WHICH IS   PART OF THE CONVERSATION WE ARE   HAVING TODAY. THEN THE SECOND   REASON WAS IT FURTHER COMMITS   THE COUNTY TO THE ENERGY TAX   WHICH IS BEEN A LONG SIMMERING   DEBATE IN GENERAL. THOSE WERE   THE CONCERNS I EXPRESSED THAT   WE PRIVATELY TALKED ABOUT THEN,   THAT SECOND ISSUE IS JUST MORE   DISCRETIONARY REVENUE TRANSFER.   I WILL SHARE THAT THE LAW BE   PASSED IS THE LOT THAT WE   PASSED FRED I SUPPORT THE   SPIRIT OF THE LAW WHICH IS 10%   RECOGNIZING IT FLUCTUATES.  THIS PROJECTION MAY NOT BE IN   THE PROJECTION TO GREENBANK   ONCE. BUT IT IS FOR LAW AND WE   WILL FOLLOW THE LAW.  I'M INCLINED TO SUPPORT ITEM   1.1 WHICH IS THE DECREASE   REFLECTING THE ACTUAL ENERGY   TAX REVENUES. THE SECOND ASPECT   IS THE ENERGY TRANSFER ENERGY   TAX TRANSFER WHICH IS WHOLLY   DISCRETIONARY.   I THINK THAT YOU OUTLINED A   VERY GOOD CASE AS TO WHY THOSE    INVESTMENTS NEED TO CONTINUE   BEING MADE. WHILE WE NEED TO   CONTINUE MOVING FORWARD AS WE   HEAR IN A MONTGOMERY COUNTY   CONTINUE PUTTING MORE WORK ON   YOUR PLATE.  THAT IS THE BOTTOM LINE IF WE   WANT THE ELECTRIFICATION IF YOU   WANT THE EV UPGRADES WHAT THE   BUILDING ENERGY PERFORMANCE   STANDARDS AND EVERYTHING ELSE   THAT WE HAVE NOT ENUMERATED AND   QUITE FRANKLY IS NOT COME TO   FRUITION JUST YET BECAUSE   PEOPLE ARE WORKING ON   SCIENTIFIC DISCOVERY. AN   ENHANCEMENT WE NEED TO PROVIDE   YOU WITH THOSE LEVELS OF   INVESTMENT. WHAT I WOULD   RECOMMEND I WILL HOLD MY   RECOMMENDATIONS I WILL CURE FOR   MY COLLEAGUES ARE. RIGHT NOW I   AM GOING TO SUPPORT THE COUNTY   EXECUTIVE'S RECOMMENDATION FOR   THE 1.1 I'M NOT INCLINED TO   SUPPORT 1.2 AND OPEN TO   CONVERSATIONS ABOUT HOW WE GO   ABOUT THAT.    >> Kate Stewart: THANK YOU VERY   MUCH SORRY I MISSED THE OPEN   HOUSE THE RIBBON-CUTTING THE   OTHER DAY.  I AGREE ON THE FIRST ONE ON THE   ADJUSTMENT AND ON THE REDUCTION   I JUST HAVE TO SAY THAT I FEEL   EACH TIME WE GET DEEPER AND   DEEPER INTO THIS BUDGET I HAVE   TO SAY I'M VERY DISAPPOINTED IN   WITH THE COUNTY EXECUTIVE SENT   OVER TO US I THINK AT EACH TURN   WHERE WE FIND SOMETHING ELSE   THAT IS TAKING AWAY FROM   INVESTMENTS THAT WE HAVE   PROMISED TO MAKE IN OUR   COMMUNITY.  I HAVE A HARD TIME HAVING THIS   REDUCTION KNOW WE HAVE SUCH A   TOUGH BUDGET THIS YEAR.   IT IS VERY DIFFICULT AS WE ARE   TRYING ALL OF THE PUTS AND   TAKES. BUT WE ALL WORKED REALLY   HARD ON BEPS.  FOR ONE YEAR.  AND WE MADE COMMITMENTS.  TWO BUILDING OWNERS TO   INDIVIDUALS TO CONDO OWNERS AND   EVERYONE ELSE. WE SPENT SO MUCH   TIME GOING TO MEETING AFTER    MEETING. AND IN MEETING AFTER   MEETING WE TALKED ABOUT THE   GREENBANK. AND WE TALKED ABOUT   THE WORK TO DO AND OUR   COMMITMENT THAT WE WERE GOING   TO PASS BEPS WE WERE GOING TO    MOVE FORWARD ON OUR ENERGY WORK   AND WE WERE GOING TO DO IT IN   PARTNERSHIP.  THAT WAS A COMMITMENT WE MADE.  I HAVE A REALLY HARD TIME NOW   GETTING THIS BACK FROM THE   COUNTY EXECUTIVE.   BECAUSE IT FEELS LIKE TO ME WE   ARE GOING BACK ON OUR WORD.  AND WE HAVE A RIDICULOUSLY   TOUGH BUDGET IN FRONT OF US.  IN WHICH WE CANNOT PREDICT THE   FUTURE IN TERMS OF WHAT IS   GOLD, AT US WITH THIS WHITE   HOUSE.  NOW WE NEED TO ENSURE THAT WE   HAVE HEALTHY RESERVES AND WE   HAVE A SAFETY NET FOR OUR   RESIDENTS.  BALANCING ALL OF THOSE THINGS I   THINK I WANT TO HEAR FROM MY   COLLEAGUES AS WELL I THINK I   WOULD LIKE TO PUT THIS ON THE   RECONCILIATION LIST AND NOT   MOVE FORWARD WHETHER WE CHARGE   THAT OR PUT THE WHOLE THING IS   THAT CONVERSATION FOR TODAY I'M   VERY DISAPPOINTED WE HAVE TO   HAVE THIS CONVERSATION USUALLY   LIKE HAVING THE GREENBANK    BUDGET BE EASY BUSY AND GO ON   CONSENT WHEN WE GO TO THE FULL   COUNCIL I WAS VERY DISAPPOINTED   WE HAVE TO HAVE THIS   CONVERSATION TODAY.    >> Evan Glass,Chair: I   APPRECIATE THOSE SENTIMENTS I   HAVE CALLED THEM I WILL GO ONE   STEP FURTHER AND ADD IT TO THE    TRANCHE AND BIG AFRICAN NATION   THAT WE SPLIT THE 1.2 ITEM 1.2   INTO TWO TRANCHES OF   $1,145,902, TO SEE WHAT IS   POSSIBLE IN THIS VERY TOUGH   BUDGET THAT YOU ARE LEADING   THROUGH THE COUNCIL.  I TAKE YOUR WORD EDIT AND WE   WILL DO OUR BEST TO TRY TO MAKE   THE GREENBANK AS WHOLE AS   POSSIBLE.   >> Andrew Friedson: THANK YOU   VERY MUCH FIRST OF ALL THANK   YOU FOR THE PRESENTATION FOR   CLARIFYING I ABSOLUTELY ECHO   THE POINTS ON THE CHAIR AND THE   PRES. ON THE FRUSTRATION HERE I   WAS THE CO-AUTHOR OF THAT BILL   AS IT HAS BEEN REFERENCED THE   MONTGOMERY COUNTY GREEN   BUILDINGS NOW ACT IT WAS A   COMMITMENT THAT WE MADE.  IT IS GREAT THAT WE HAVE A LOT   OF PEOPLE OUT THERE NOW GOING   TO RIBBON-CUTTING'S AND TALKING   ABOUT HOW THEY ENVISION THIS   FROM THE BEGINNING THAT IS   GREAT.  BUT THE COMMITMENT HAS TO BE   REFLECTED IN THE BUDGET   DECISIONS AND THE CHALLENGE   THAT WE HAVE NOW IS THAT IT IS   A RENEGING OF THE COMMITMENT IS   NOT A RENEGED OF THE COMMITMENT   OF THE BILL WAS PASSED AND   SIGNED UNANIMOUSLY AND   DIFFERENT PEOPLE CAN TALK ABOUT   DIFFERENT THINGS ABOUT HOW THEY   CAME TO THOSE DECISIONS AS WAS   NOTED THERE WAS 1.5 YEARS-TWO   YEARS OF CONVERSATIONS ABOUT   BEPS AND THIS WAS USED AS THE   ARGUMENT.  REPEATEDLY.  EVERYWHERE AROUND THE COUNTY   WELL DON'T WORRY ABOUT BEPS   BECAUSE WE'VE GOT TO GREENBANK.  WHEN WE WERE TOLD THEY WOULD   NEVER LEVERAGE 4/1 WHICH WAS   THE NUMBER USED WE CAN GET   APPROXIMATELY $20 BILLION FROM   10% THAT WOULD BE LEVERAGED 4/1   GET CLOSE TO $100 MILLION.  DID EXACTLY WHAT WE ASKED OF   YOU EXACTLY WHAT WE ASK OF YOU.   IT IS EXTREMELY FRUSTRATING TO   ME, TO HAVE A BUDGET THAT DOES   NOT FOLLOW THROUGH ON THE   LEGISLATIVE COMMITMENTS THAT WE   MADE IF THERE WAS DISAGREEMENT   THERE SHOULD HAVE BEEN A VETO.   WE WOULD HAVE TO DEAL WITH THAT    THERE WAS NOT A VETO IT WAS A   SIGNATURE.  I JUST FIND THAT TO BE   EXTREMELY FRUSTRATING AND IT   CERTAINLY IF THERE WAS NO   INTENTION OF MOVING FORWARD AT   THE 10% LEVEL AND THAT SHOULD   NOT HAVE BEEN USED AS THE   PRIMARY JUSTIFICATION USED AT   THE COMMITTEE AND THE COUNCIL   AND IN THE PUBLIC OVER AND OVER   AND OVER AND OVER AGAIN.   WHEN WE PASSED THIS IS WAS   BASED ON THE PREMISE THAT I    SHARED WITH TOM PARKER THAT IF   WE WANT TO SET EXTREMELY   AMBITIOUS CLIMATE TARGETS WE   HAVE TO HAVE A LADDER TO HELP   PEOPLE ACTUALLY REACH THEM. TO   SUPPORT OUR BUSINESSES TO   SUPPORT OUR RESIDENTS TO HELP   THEM GET TO WHERE WE WANT THEM   TO GO.WHERE WE ARE REQUIRING   THEM TO GO.  THIS FALL SHORT I AM CONCERNED   LAST YEAR WE HAD THE CONCERN OF   WHAT MESSAGE ARE WE SENDING THE    DRAMATIC CUT IN ECONOMIC   DEVELOPMENTS. WHAT MESSAGE DOES   THAT SOUND?  IN THIS BUDGET I'M CONCERNED   WHAT MESSAGE DOES THIS SEND   WITH A DRAMATIC CUT IN CLIMATE   INITIATIVES AT A TIME WHEN WE   ARE DOING EVERYTHING THAT   SHOULD BE DONE ON THIS AND WHEN   THE FEDERAL GOVERNMENT IS   WALKING AWAY FROM THESE   COMMITMENTS AND WE ARE   CRITICIZING THEM FOR THAT. WE   ARE CONCERNED ABOUT THAT AS WE   SHOULD BE. WE ARE QUESTIONING   WHETHER OR NOT WE ARE GOING TO   BE ABLE TO MEET OUR NEEDS IN   OUR COMMUNITY WITHOUT ANY OR   VERY LITTLE BARREL SUPPORT. I    VERY MUCH AGREE OBVIOUSLY IN   FULFILLING TO FIDELITY THE    INTENTION AND THE LEGISLATIVE   DYNAMICS OF WHAT WAS PUT   FORWARD IN THE MONTGOMERY   COUNTY GREEN BUILDINGS NOW ACT   THAT I AUTHORED.  I AM SUPPORTIVE OF SPLITTING   INTO TWO TRANCHES AND DIRECTION   AS IT'S VERY TOUGH BUDGET   COUNTY EXECUTIVE PUT US IN AN   IMPOSSIBLE POSITION AGAIN ON   THIS ITEM AND I AM CONTINUALLY   FRUSTRATED AS YOU ARE MADAM   PRESIDENT AND APPRECIATE YOU    VOICING THOSE FRUSTRATIONS. NOW   IS NOT THE TIME FOR US TO   RENEGED ON COMMITMENTS OR TO   BACK AWAY FROM THE PROGRESS WE   ARE MAKING ON CLIMATE I WILL   NOTE WHEN LESS THINK THAT WE   NOT TALK ABOUT TODAY BUT HAS   BEEN TALKED ABOUT BEFORE, NANCY   NAVARRO PUT FORWARD AN   AMENDMENT THAT WAS VERY   IMPORTANT AMENDMENT TO ENSURE   THAT THIS WAS BEING DONE IN AN   EQUITABLE WAY THERE WERE   BENCHMARKS THAT WERE SET THOSE   BENCHMARKS HAD BEEN MET AND   EXCEEDED TO INTENTIONALLY   INVEST IN AREAS OF THE COUNTY   AND COMMUNITIES AND   HISTORICALLY UNDER INVESTED   PLACES AND PEOPLE WE CAN'T WALK   AWAY FROM THAT.  AND PARTICULARLY AS WE WERE   ADDING COST BURDENS FOR VERY   GOOD REASON BUT COST BURDENS    AFTER COST BURDEN THAT IS   MAKING HOUSING AFFORDABILITY   AND AFFORDABILITY AND IN   GENERAL HARDER AND HARDER TO   WALK AWAY FROM SOME OF THE   MECHANISMS THAT WE ARE PUTTING   IN PLACE THAT WE HAVEN'T SOLD   TO PEOPLE THAT WE ARE   MITIGATING THOSE IS NOT A   REASONABLE WAY FOR US TO MOVE   FORWARD I APPRECIATE US MOVING    FORWARD AS A COMMITTEE AM VERY    HOPEFUL THAT WE CAN FOLLOW   THROUGH ON THIS AS WE MAKE IT   THROUGH A CHALLENGING BUDGET   ENVIRONMENTS.   >> Marilyn Balcombe: THANK YOU   IT'S GOING TO SOUND LIKE PILING   ON BUT I FEEL LIKE A COUPLE OF   THINGS.  THE POINT THAT YOU MADE ABOUT   THE PERCEPTION OF WITH OTHER   FIDUCIARY PARTNERS THAT YOU   WORK WITH.  ONE OF THE UNDERLYING ASPECTS   OF THIS PROGRAM IS THE   COMMITMENT THAT THE COUNTY HAS   MADE TO FIND 10% OF ENERGY.  THE ENERGY TAX. IF WE CHANGE   THAT, IN WHAT APPEARS TO BE AN   ARBITRARY DECISION, WITH   CERTAINLY NO INPUT FROM THE   COUNCIL, AND NO INPUT FROM THE   GREENBANK IN TERMS OF MAKING   THAT DECISION, IT JUST THROWS   THE ENTIRE FUTURE OF THE   STABILITY OF THE FUND IN   QUESTION. WITH YOUR PARTNERS. I   THINK THAT THAT IS THE MOST   DETRIMENTAL THING THAT CAN   HAPPEN HERE. OF COURSE THE   SECONDARY ASPECT IS THE ACTUAL   FUNDS THAT YOU ARE NOT GETTING.   AND WILL NOT BE ABLE TO INVEST.  BUT THE THREAT OF THE   PERCEPTION OF THE FUND I THINK   IS THE MOST CRITICAL ASPECT   HERE. I THINK THAT IS   IMPORTANT. FROM THE PERSPECTIVE   OF THE DECISION THAT WAS MADE    TO PULL THIS OUT IF WE PUT THIS   BACK IN WE HAVE TWO FIND $2   MILLION SOMEPLACE ELSE.  THAT IS NOT EVEN INCLUDING THE   AMENDMENTS THAT WERE JUST SENT   OVER AT THE VERY END OF LAST   WEEK, IT DOES NOT TAKE INTO   CONSIDERATION A FUNDING   MECHANISM THAT WAS SENT OVER   VERY LATE IN THE GAME THAT WE   STILL HAVE NOT BEEN ABLE TO   FIGURE OUT IF IT IS REAL OR   NOT.  IT JUST PUTS THE BODY INTO AN   UNTENABLE SITUATION WHERE WE   HAVE TO MAKE DECISIONS THAT   SHOULD HAVE BEEN MADE AT THE   EXECUTIVE BRANCH.  IT IS VERY DISAPPOINTED.  LASTLY,, SUGGESTING THAT THERE   ARE TWO SEPARATE DECREASES THE   FIRST DECREASE FIRMLY STATES   THE 10% COMMITMENT MANDATORY   COMMITMENT, THE SECOND ONE   THERE IS THAT MANDATORY   COMMITMENT OUT THE WINDOW. THAT   JUST DID NOT MAKE ANY SENSE AT   ALL.  THAT IS HOW I SEE OR FEEL AND   THE WHOLE DISCUSSION OF BEPS.  THERE WERE NUMEROUS   OPPORTUNITIES FOR ANYONE IN THE   EXECUTIVE BRANCH TO SIGNAL OR   TO FLAT OUT TELL US THAT THIS   FUNDING WAS IN JEOPARDY.  BECAUSE WE AT EVERY TURN I   CANNOT I HAVE NOT HAD A SINGLE   CONVERSATION ABOUT BEPS THAT   DID NOT REFERENCE THE    GREENBANK.  I WILL SUPPORT IT LOOKS LIKE WE   ARE COMING TO AN AGREEMENT ON   TRANCHES.  I THINK WE NEED TO TALK WITH   OUR COLLEAGUES ABOUT THAT.  THAT IS WHERE I AM AT.   >> Sidney Katz: THANK YOU VERY   MUCH THERE AGAIN IT IS ME TOO.  FIRST OFF LET ME THANK YOU FOR   EVERYTHING THAT YOU DO I DID   ENJOY BEING AT YOUR OPEN HOUSE.  IT WAS TRULY A CELEBRATION OF   NOT ONLY THE GREENBANK BUT IT   WAS A CELEBRATION IT WAS NOT   JUST AN OPEN HOUSE IT WAS A   CELEBRATION FOR EVERYTHING THAT   YOU DO WE GOT TO SEE SOME FOLKS   THAT HAVEN'T SEEN IN A LONG   TIME WE OFFICIALLY GOT TO SEE   YOU.  AND WE WERE VERY MUCH IMPRESSED   FOR THE WORK BEING USED IS   FRUSTRATION I THINK WE CAN ALL   AGREE WITH THAT. I AGREE WITH   MY COLLEAGUES . I THINK THE   RECONCILIATION LIST FOR TWO   TRANCHES IS THE BEST WAY THAT   WE CAN GO AT THIS POINT.  IT IS NOT THE BEST WAY WE   SHOULD HAVE GONE BUT IT IS THE   BEST WAY WE CAN HELP AT THIS   POINT AND HAVE ALWAYS BEEN   TAUGHT THAT WHEN TIMES ARE   TOUGH YOU DON'T MAKE LESS   INVESTMENT YOU MAKE MORE.  THAT IS WHAT WE SHOULD BE   DOING.BUT AT THIS MOMENT I   THINK THIS IS WHERE WE ARE.   >> Evan Glass,Chair: THAT YOU   COLLEAGUES IT SOUNDS LIKE WE   ALL LANDED IN THE SAME PLACE   AND I APPRECIATE EVERYONE WHO   IS UPLIFTED THE DOERS LONG   CONVERSATION THAT HAS TIED   BUILDING ENERGY PERFORMANCE   STANDARDS TO THE OUTREACH AND   INVESTMENT THAT WILL BE DONE BY   THE GREENBANK AND TO UNDERCUT   THE GREENBANK IN THE WEIGHT   THAT HAS BEEN UNDERCUT THE GOAL   OF BUILDING ENERGY PERFORMANCE   STANDARDS.  IT SOUNDS LIKE WE AS A JOINT    COMMITTEE WILL ACCEPT THE   RECOMMENDATION FOR THE ENERGY   TAX 1.1, DECREASE OF $1,080,032   BUT THEN, TRANCHE FOR OUR    COLLEAGUES CONSIDERATION SPLIT   INTO TWO THE OTHER REDUCTION OF   THE TRANSFER AND MAKE THAT TWO   TRANCHES OF $1,145,902.  AGREED UPON?  WITHOUT OBJECTION?  THANK YOU POLICE DO CONTINUE TO   KEEP US APPRISED OF THE ONGOING   LITIGATION WHICH MOST LEGAL    SCHOLARS DEEM UNCONSTITUTIONAL.  BUT WHAT DO THEY KNOW?  [LAUGHTER] THANK YOU WITHOUT   ANY OTHER COMMENT THIS JOINT  which we celebrate Earth.  Our guest today is a frequent  friend of the show, Larissa  Johnson, Residential Energy  progr"}]