* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. [00:00:01] I AM GONNA NOW CALL THE MEETING TO ORDER. AND IT'S AT 4 31 ON MY WATCH. AND WE DO HAVE A, WE DO HAVE A QUORUM, SO, UM, DO WE HAVE ANY? BUT HE SIGNED UP TO SPEAK ON THE CITIZEN COMMENTS? NO, SIR. OKAY. ALL RIGHT. MINUTES FROM LAST, LAST [a. Consider approving the minutes of the Baytown Area Water Authority Special Meeting held on July 31, 2024. ] WEEK, WE NEED TO CONSIDER APPROVING THE MINUTES OF THE BAYTOWN AIR WATER AUTHORITY SPECIAL MEETING HELD ON JULY 31ST, 2024. I NEED A MOTION, I MOTION TO APPROVE. SECOND. ANY QUESTIONS OR COMMENTS? ALL IN FAVOR SAY AYE. AYE. AYE. ANY OPPOSED? AND THE AYES HAVE IT. OKAY. NUMBER THREE. [a. Consider a resolution authorizing the renewal of the Annual Mechanical Services Contract with IPS Pump Services, Inc.] PROPOSE RESOLUTIONS. CONSIDER A RESOLUTION AUTHORIZING THE RENEWAL OF THE ANNUAL MECHANICAL SERVICES CONTRACT WITH IPS PUMP SERVICES. WOULD THE STAFF LIKE TO SUMMARIZE? YES, WE WOULD LIKE TO SUMMARIZE , FIRST OF ALL, THE GOING HONOR TO THE BOARD. UM, SO THIS WILL BE A RENEWAL FOR THE ANNUAL MECHANICAL SERVICES CONTRACT, NOT TO EXCEED $300,000. THIS WILL BE THE THIRD YEAR OF THE RENEWAL. UM, WE'VE HAD SATISFACTORY SERVICES WITH IPS, SO WE WOULD LIKE TO RENEW WITH THEM. UH, THE CONTRACT WILL NOT EXCEED $300,000. ONCE AGAIN, THIS YEAR STAFF RECOMMENDS APPROVAL. MOVE FOR APPROVAL. I NEED, YEAH, I NEED A MOTION. I SECOND. ANY QUESTIONS, COMMENTS? SO YOU SAY NOT TO EXCEED 300,000, IS THAT A, IS THIS LIKE A BLANKET PO FOR UP TO 300,000 FOR BIG AND LITTLE THINGS ALL THE WAY UP TO 300,000? OR IS THIS A ONE-TIME PURCHASE THING IF WE NEED, OR HOW DOES THAT WORK EXACTLY. CORRECT. CORRECT. IT WOULD SERVE SIMILAR TO A BLANKET PO. MM-HMM . SO THE 300,000 IS THE CONTRACT AMOUNT. THE MAXIMUM CONTRACT AMOUNT ALLOTTED. OKAY. SO, SO ANYTIME THAT THEY DID WORK, YOU WOULD DRAW FROM THAT 300,000. SO LET'S JUST SAY IT WAS A PUMP REPAIR FOR 30,000. IT WOULD DRAW FROM THAT 300. OKAY. UP TO 300,000 MAXIMUM. OKAY. SO WITH THAT, HOW MUCH DID WE SPEND LAST YEAR? LAST YEAR WE SPENT $269,000. OKAY. ALRIGHT. GOOD DEAL. THAT'S ALL I ASK. YEP. GOTCHA. ANY OTHER COMMENTS? ALL RIGHT. ALL IN FAVOR SAY AYE. AYE. AYE. ALL OPPOSED? NAY. THE MOTION CARRIES. [b. Consider a resolution authorizing a Progressive Design-Build Agreement with Baytown Waterworks Partners, McCarthy Building Companies, Inc., and Carollo Engineering, Inc., joint-venture, for the Baytown Area Water Authority (BAWA) East Surface Water Plant Phase 2 Expansion Project.] NEXT, UH, THREE B, WE'RE GONNA CONSIDER RESOLUTION TO ALTER OUR, A PROGRESSIVE DESIGN BUILD AGREEMENT WITH THE BAYTOWN WATERWORKS PARTNERS, MCCARTHY BUILDING COMPANIES INC. AND COROLLO ENGINEERING INC. JOINT VENTURE FOR THE BAYTOWN AREA WATER AUTHORITY, BA, EAST SERVICE, WATER PLANT, PHASE TWO EXPANSION PROJECT, WHAT THE STAFF WOULD LIKE TO CIVIL, RIGHT? YES, SIR. UH, THANK YOU. AND, UH, GOOD AFTERNOON BOARD MEMBERS. UM, SO THIS CONTRACT IS PART OF THE, UM, PROGRESSIVE DESIGN BUILD DELIVERY METHOD THAT WE'VE SELECTED PREVIOUSLY. UH, JUST HAVE A KIND OF A REVIEW OF THE PROCESS HERE ON THIS SLIDE. UM, YOU KNOW, THE, UM, ACTIONS BY THE OWNER AND OWNER'S ADVISOR, SEAN AND GREEN, AND THEN THE DESIGN BUILDER IS IN BLUE. UM, SO WE HAVE, UH, COMPLETED THE PLANNING, THE RFQ, THE RFP, UH, AND SELECTION PROCESS FOR THE DESIGN BUILD CONTRACTOR. CONTRACTOR SUBMITTED A PROPOSAL, UH, WHICH WE USE TO, UH, PRODUCE THE CONTRACT BEING PRESENTED TODAY. UM, BAYTOWN, UH, OR BIOT STAFF SELECTED BAYTOWN WATERWORKS PARTNERS AS HAVING BOTH THE MOST QUALIFIED, UH, PERSONNEL AND THE BEST PRICE PROPOSAL, UH, THAT WE HAD SUBMITTED. UM, HERE'S A LIST OF SOME OF THE PROJECTS THEY, THEY'VE COMPLETED AS A TEAM. AND, UM, LIKE I SAY, WE FEEL THAT, UM, THE TEAM IS, UH, VERY WELL QUALIFIED AND, UH, WE'RE EXCITED ABOUT WORKING WITH THEM. , THIS SHOWS A ORGANIZATION CHART OF, UM, YOU, YOU, UH, FOR THE PROJECT. WE BELIEVE THAT IT'S A EXCELLENT TEAM TO DELIVER, DELIVER THE PROJECT. I'D LIKE TO NOTE THAT, UH, WE'VE WORKED WITH SOME OF THESE PERSONNEL ALREADY. UH, PAUL WALKER, UH, THE ENGINEERING MANAGER WAS VERY INSTRUMENTAL IN HELPING US, UH, ON THE ORIGINAL BAWA EAST PLANT CONSTRUCTION, GETTING THAT, UM, COMMISSIONING PHASE AND STARTUP COMPLETED. UM, AND THEN, UH, WE'RE HAPPY TO SEE THE ADDITION OF, UM, MIRROR VICTOR AS A, UM, CLIENT ADVOCATE. WE, UH, WE'VE WORKED WITH MEIR ON SEVERAL PROJECTS FOR THE CITY AND FOR BWA, AND [00:05:01] SHE'S BEEN INVOLVED IN BAYTOWN FOR, FOR YEARS. SO, UH, WE FEEL LIKE THIS IS A, UH, GOOD TEAM TO, UH, PROVIDE A PARTNERSHIP WITH BALA. I ALSO LIKE TO INTRODUCE, UH, JAKE STONES. HE'S, HE WILL BE THE PROJECT MANAGER FOR THE PROJECT. UM, HE'S HERE TODAY. UH, IF YOU WANNA KINDA STAND UP. UH, SO JAKE IS, UH, HAS A WEALTH OF EXPERIENCE AND IS VERY QUALIFIED FOR THIS ROLE. UM, AND HE'S HERE TO ANSWER ANY QUESTIONS THAT YOU MIGHT HAVE. UM, SO STAFF IS, UH, PRESENTING CONTRACT FOR PHASE ONE TODAY, AND THAT IS SHOWN ON THE LEFT SIDE OF YOUR SCREEN. UM, IT INCLUDES ITEMS LISTED ON THE SLIDE HERE. IT'S A CONTRACT THAT WILL PROVIDE THE BULK OF THE DESIGN WORK FOR THE PROJECT AND WORK TOWARDS THE GUARANTEED MAXIMUM PRICE FOR THE CONSTRUCTION. THE ITEMS LISTED IN PHASE TWO WILL BE PRESENTED IN A FUTURE, UM, CONTRACT. UH, THE CONTRACT FOR PHASE ONE IS IN THE AMOUNT OF $5,023,131. AND THEN THIS SLIDE SHOWS THE, THE TASKS THAT WILL BE INCLUDED IN PHASE ONE. WE'RE GONNA START WITH OUR PARTNERING WORKSHOP AND, UH, DEVELOPING THE PROJECT MANAGEMENT PLAN. AND THEN WE'LL DO, UM, TESTING, ANALYSIS AND DATA COLLECTION TO PROVIDE THE INFORMATION THAT WILL BE USED DURING THE DESIGN. UH, AFTER THAT, UM, WE'RE GONNA MOVE INTO THE DESIGN DEVELOPMENT AND PRE-CONSTRUCTION SERVICES, AND THAT WILL CULMINATE WITH THE DEVELOPMENT OF THE GUARANTEED MAXIMUM PRICE. UH, AT WHICH POINT WE'LL PREPARE THE PHASE TWO CONTRACT FOR THE BOARD'S CONSIDERATION. SO, UH, THAT'S KIND OF A SUMMARY OF THE ITEM, UH, STAFF RECOMMENDS APPROVAL OF THE CONTRACT. I'M LOOKING FOR A MOTION. I MAKE THE MOTION. SORRY, I SECOND. OKAY. ANY QUESTIONS, COMMENTS? WHICH I, I BELIEVE THERE WILL BE SOME. JUST AS A FIRST QUESTION, WHAT IS A PARTNERING WORKSHOP? WHAT DOES THAT MEAN? SO, UM, GET LINDSAY, OR GET, UM, MAYBE THE OWNER'S ADVISOR HERE TO EXPLAIN THAT A LITTLE BETTER, WHAT THAT'S GONNA INCLUDE. YEAH. IT, IT'S BASICALLY A TEAM BUILDING EXERCISE. 'CAUSE ONE OF THE BIG BENEFITS OF DOING PROGRESSIVE DESIGN BUILD IS THAT THE OWNER, THE DESIGN BUILDER AND THE OWNER'S, UM, ADVISOR, YOU KNOW, WORK TOGETHER AS A TEAM. AND SO WE MAKE DECISIONS TOGETHER, WE WORK THROUGH ISSUES. THERE'S CONFLICT RESOLUTION, THERE'S, THERE'S ALL THE THINGS THAT GO INTO TEAM BUILDING. AND SO THIS IS JUST KIND OF THAT INITIAL WORKSHOP TO GET US TO KNOW EACH OTHER, GET US FAMILIAR WITH EACH OTHER, GET US COMFORTABLE WITH EACH OTHER SO THAT WE CAN WORK BETTER AS A TEAM THROUGHOUT THE REST OF THE STEPS. SO LIKE A DAY LONG THING, A WEEK LONG THING. IT IS NOT A WEEK LONG THING. IF, IF WE NEED A WEEK LONG THING, WE HAVE THE BIGGER ISSUES. YEAH. IT, IT'S TYPICALLY A DAY, YOU KNOW, MAYBE HALF A DAY A DAY. SO JUST EVERYBODY WE SAW ON THAT ORG CHART, IT'S NOT GONNA BE THE, THE FULL 20 PERSON, YOU KNOW, TEAM. IT'LL BE MOSTLY THE KEY PERSONNEL AND THE KEY STAFF, YOU KNOW, WITH US KEY PERSONNEL AND LEADERSHIP. AND USUALLY IT'S FACILITATED BY A THIRD PARTY TO MAKE SURE THAT WE'RE LISTENING AND INCORPORATING EVERYONE'S IDEAS. AND, UH, WE SEE A LOT OF SUCCESS IN DOING THAT EARLY, UH, MAKES, UH, EFFICIENT DECISION MAKING AS WE MOVE THROUGH THAT DESIGN PROCESS. CAN YOU, CAN YOU GO BACK TO THE, UH, THE ACCOMPLISHMENTS OF, I BELIEVE IT WAS, UH, YEAH. THIS ONE. SO THESE ARE SOME OF THEIR ACCOMPLISHMENTS. DID WE GET REFERENCES FROM THESE COMPANIES AND THESE THINGS AND THE SIGN OFF? YOU KNOW, 'CAUSE SOME PEOPLE PUT STUFF ON THEIR RESUME AND YOU, THEY NEVER GET CHECKED UP AND FOLLOWED UP ON RIGHT. AND THEY RIGHT. UM, AND THERE'S PEOPLE WE'VE WORKED IN THE PAST, WE PROBABLY WOULDN'T RECOMMEND THEM TO OTHER PEOPLE AS WELL. RIGHT, RIGHT. UH, I, I KNOW WE DID CHECK SOME REFERENCES. I'M NOT SURE, UM, IF ONE OF THE PROJECT MANAGERS CAN TELL US WHICH ONES WE TALKED TO. FRANK. YEAH, WE DIDN'T. OKAY. WE DIDN'T, YEAH. OKAY. WE TALKED TO ALL OF THEM. OKAY. OKAY. YEAH, I, I KNOW WE DID TALK TO SOME, BUT, UM, OUR OWNER'S ADVISOR DID FOLLOW UP ON THAT. GOOD EVENING. EMP, IT'S WITH BGE. YES. WE TALKED, I TALKED PERSONALLY WITH ALL OF THESE, UH, REFERENCES. UH, THEY HAD NOTHING BUT GOOD THINGS TO SAY. UH, ESPECIALLY THE, THE PROJECT OUT IN COLORADO SPRINGS, WHICH WAS THE JOINT PROJECT BETWEEN MCCARTHY AND COROLLA, YOU KNOW, AND THE MOST IMPORTANT QUESTION THAT I ASKED EVERY ONE OF 'EM WAS, IF GIVEN THE CHANCE, WOULD YOU HIRE THEM AGAIN? AND THEY, UH, THEY SAID DEFINITELY THEY WOULD. OKAY. VERY GOOD. THANK YOU. [00:10:01] THAT'S HELPFUL. AND I, I WOULD JUST LIKE TO ADD, WE SELECTED THIS TEAM BECAUSE THEY HAVE ACTUALLY WORKED TOGETHER ON SEVERAL PROJECTS AS A TEAM. UM, THE OTHER PROPOSERS HAD WORKED WITH INDIVIDUALS, UM, ON PROJECTS, BUT THE, THE COMPANIES HAD NOT WORKED AS A TEAM. SO WE REALLY WANTED SOMEBODY WHO HAD WORKED AS A TEAM BEFORE. YEAH, I CAN SAY WERE THERE. THAT WOULD BE VERY VALUABLE. NOW JAKE HERE IS, IS HE A CONTRACTOR? YES. AND WE'VE HIRED HIM TO REPRESENT US, ESSENTIALLY. SO IS HE A, IS HE A CITY OF BAYTOWN EMPLOYEE CONTRACTOR? NO, UH, WELL HE, WE HAVE A CON HE, HE IS WITH MCCARTHY. OKAY. UM, AND THIS CONTRACT WILL BE WITH, UH, THE JOINT VENTURE BETWEEN MCCARTHY AND COROLLA. GOTCHA. SO, UM, JAKE IS GONNA BE THE PRIMARY POINT OF CONTACT. IS HE GONNA BE THE GO-BETWEEN TO MAKE SURE EVERYBODY'S IN LINE AND YES. WORKING TOGETHER CORRECTLY? RIGHT. YEAH. I'LL, I'LL, I'LL BE THE PRIMARY JAKE STONES, MCCARTHY BUILDING COMPANIES AND BAY REPRESENTING BAY BAYTOWN, UH, WATERWORKS PARTNERS AND I'LL BE THE PRIMARY CONTACT FOR THE CITY WITH REGARD TO ALL THE DESIGN AND CONSTRUCTION PHASES OF THE PROJECT. OKAY, THANK YOU. ANY OTHER QUESTIONS? OKAY. UM, ALL IN FAVOR SAY AYE. AYE. AYE. ANY OPPOSED? THANKS ALL. AND THE MOTION CARRIES. OKAY. PART [c. Consider a resolution authorizing an Owner Advisor Services Agreement for Phase I and Phase II with BGE, Inc., for the Baytown Area Water Authority (BAWA) East Surface Water Plant Phase 2 Expansion Project.] C, CONSIDER A RESOLUTION AUTHORIZING THE OWNER ADVISOR SERVICES AGREEMENT FOR PHASE ONE AND PHASE TWO WITH BGE INC. FOR THE BAYTOWN AIR WATER AUTHORITY BA EAST SURFACE WATER PLANT PHASE TWO EXPANSION PROJECT. WOULD THE STAFF LIKE TO SUMMARIZE? YES, SIR. SO, UH, THE AGREEMENT PRESENTED TODAY WITH BGE IS FOR, UH, PHASE ONE AND TWO OF THE, UM, FOR OWNER'S ADVISOR, CONSTRUCTION MANAGEMENT AND INSPECTION SERVICES. UH, THE CONTRACT COVERS THE REMAINDER OF THE PROJECT, SO UNLIKE THE DESIGN BILL CONTRACT, WHICH YOU JUST, UH, CONSIDERED, WHICH WAS JUST FOR PHASE ONE, THIS CONTRACT WILL BE, UH, FOR PHASE ONE AND TWO, WHICH WILL COVER US TILL THE END OF THE PROJECT. UH, CONTRACT AMOUNT IS FOR $3,473,578. I'VE GOT A FULL LIST OF THE, UM, SCOPE OF, UH, SERVICES SHOWN HERE. UM, SOME OF THE NOTABLE TASKS ARE, UH, TECHNICAL ASSISTANCE, UM, INVOICE REVIEW, DESIGN REVIEW, NEGOTIATION SUPPORT, UH, RFI AND SHOP DRAWING REVIEW, UH, CONSTRUCTION MANAGEMENT AND, UM, ONSITE INSPECTION STAFF. AND THEY WILL HAVE A FULL-TIME, UH, INSPECTOR ON SITE, UH, FOR THE DURATION OF THE PROJECT. UM, WE HAD SELECTED BGE BEFORE WE STARTED THE, UM, PROCESS TO DO TO SELECT THE DESIGN BUILD CONTRACTOR. SO THEY'VE BEEN WORKING WITH US ALREADY AND THEY PROVIDED GOOD SERVICE, UH, HELPED US WITH THE, UH, BOTH PUTTING TOGETHER THE CONTRACT FOR THE DESIGN BUILD CONTRACTOR AND NEGOTIATIONS. AND AS YOU SAW, UM, FROM THE EVALUATION OF THE FIRMS. SO STAFF RECOMMENDS APPROVAL OF THIS CONTRACT. I'M LOOKING FOR A MOTION, A MOTION TO APPROVE. SECOND. ANY QUESTIONS? COMMENTS? SO, BGE, WHO, WHO ARE THEY? UM, THEY ARE ENGINEERING FIRM. OKAY. SO, SO WHO, WHO IS B, G AND E? I MEAN, IS THERE, IS THERE A NAME BEHIND THE ACRONYM THERE? UH, THAT'S, UH, BROWN AND GAY ENGINEERING. OKAY. UH, FORMERLY BROWN AND GAY. I, I THINK THEY'VE ACTUALLY CHANGED THE NAME TO BGE NOW, ESPECIALLY BGE, BUT IT WAS, UM, WAS IT DICK? UH, DICK GAY AND PAT BROWN. PAT BROWN AND DICK A STARTED THE FIRM. OKAY. PROBABLY WHAT, UH, YOU WANT GIVE A HISTORY , SO, ALL RIGHT. YEAH. UH, SO WE ARE ACTUALLY ABOUT TO HIT OUR 50TH ANNIVERSARY, UH, BGE IS, RIGHT? SO WE ARE A FULL SERVICE CIVIL ENGINEERING FIRM. UM, PERSONALLY I AM IN THE PUBLIC. IAN AND I ARE IN THE PUBLIC WORKS, YOU KNOW, GROUP WHERE WE DO WATER, WASTEWATER, STORMWATER FACILITIES, BUT WE ALSO DO LAND DEVELOPMENT, SITE DEVELOPMENT, TRAFFIC TRANSPORTATION. UM, WE HAVE A FULL CONSTRUCTION MANAGEMENT GROUP WITH I THINK 30 INSPECTORS ON STAFF. AND WE HAVE A FULL, UH, SURVEY, YOU KNOW, GROUP AS WELL WITH UH, I THINK 20 DIFFERENT SURVEY TEAMS. SO, SO WE'RE FULL SERVICE CIVIL ENGINEERING GROUP. I DO. ALRIGHT. SO, SO DO Y'ALL DO ALL THE ENVIRONMENTAL PERMITTING? WE CAN. WE DO HAVE AN ENVIRONMENTAL SERVICES GROUP AS WELL. AND THAT'S, UM, ONE OF THE THINGS, BECAUSE Y'ALL ARE GONNA BE LOOKING TO DO TWDB FUNDS FOR THIS, YOU HAVE TO DO AN ENVIRONMENTAL REVIEW OF THE SITE AND WE WILL DO THAT IN-HOUSE. SO, I'M SORRY. SO THE ENVIRONMENTAL [00:15:01] SERVICES IS IN-HOUSE IN BGE? IN BGE, YEAH. WE HAVE AN ENVIRONMENTAL SERVICES GROUP AT BGE. GOTCHA. AND SO LIKE DURING CONSTRUCTION STUFF, THEY DEAL WITH LIKE THE SWS AND ALL THAT KIND OF STUFF. WE CAN HELP WITH ALL THAT? YES. YEAH. ALTHOUGH TYPICALLY SWIP IT WILL BE HANDLED BY THE DESIGN BUILDER, NOT US. WE ARE FAMILIAR WITH 'EM. SO WE CAN PROVIDE, YOU KNOW, REVIEWS OR IF WE SEE AN ISSUE WITH IT, WE'LL LET YOU KNOW. THE ENVIRONMENTAL REVIEW IS MORE, NOT TO GET TOO TECHNICAL, BUT IT'S MORE LOOKING AT LIKE WETLAND MITIGATIONS, YOU KNOW, DO YOU HAVE ANY INVASIVE SPECIES? DO YOU HAVE ANY UNDERGROUND CONTAMINATION? SO LIKE PERMITTING AND THINGS LIKE THAT? IT'S, YEAH, IT'S THAT WHOLE THING AND YOU HAVE TO, YOU KNOW, GET CORE AND, AND DIFFERENT, YOU KNOW, ENVIRONMENTAL AGENCIES, YOU KNOW, TO LOOK AT YOUR PERMITTING AND MAKE SURE THAT THERE AREN'T ANY ISSUES ON SITE BASICALLY BEFORE YOU START TURNING DIRT. THAT'S MORE WHAT THOSE ENVIRONMENTAL SERVICES ARE FOR, FOR THAT FUNDING. OKAY. THANKS. ALL GOOD. ANY OTHER COMMENTS, QUESTIONS? ALL RIGHT. UM, I'M GONNA PUT THIS A VOTE. ALL IN FAVOR SAY AYE. AYE. AYE. ANY OPPOSED? AND THE MOTION CARRIES. THANK YOU. REPORTS. THANK YOU. RECEIVED [a. Receive the Baytown Area Water Authority Quarterly Financial and Investment Reports for the Quarter Ending June 30, 2024.] DEBATE DOWN AREA WATER AUTHORITY QUARTERLY FINANCIAL INVESTMENT REPORTS FOR THE QUARTER ENDING JUNE 30, 20, 24. WOULD THE STAFF LIKE TO SUMMARIZE? IT'S NOT, NO. DO YOU WANNA GET THE Q DRIVE? OKAY. WHAT'S PULLED UP? NOT THE, WHAT DOES IT CALL? YOU DON'T HAVE TO. OKAY. OKAY. OKAY. GOOD EVENING BOARD. SORRY FOR THAT. UM, I'M HERE TO PRESENT THE THIRD QUARTER FINANCIAL REPORT FOR PERIOD ENDING JUNE 30TH, 2024. UM, THE BORROWER OPERATING FUND HAS A FUND BALANCE OF $12.1 MILLION. UM, THE REVENUE IS 15.1 MILLION, WHICH IS 91% OF THE BUDGET. UM, THE EXPENDITURES IS 11.2 MILLION, WHICH IS 70% OF THE BUDGET. AND THEN OUR CIP FUND IS ONE POINT, UM, ONE $1 MILLION IN REVENUE AND THE EXPENDITURES IS 753,000, LEAVING A, UH, WORKING CAPITAL OF 2.12, I MEAN ONE FIVE. AND THEN OUR BOOK VALUE ON OUR INVESTMENTS IS 11.6 MILLION WITH THE EARNINGS AT 109,000. AND I'M HAPPY TO ANSWER ANY QUESTIONS. SO IT LOOKS LIKE OUR REVENUES ARE HIGHER PERCENTAGE THAN OUR EXPENSES, IS THAT CORRECT? UH, YES SIR. . AND THAT'S A GOOD THING. ANY QUESTIONS? HOW'S OUR INVESTMENT INTEREST SO HIGH? I MEAN, I GUESS THAT'S GOOD, BUT DO YOU KNOW ANY REASON WHY? NO, WE JUST HAVE, UM, WE'VE BEEN TRYING TO INVEST MORE WITH ALL OF OUR, AND THE, UH, INTEREST RATE RIGHT NOW. IT'S LIKE FIVE POINTS. ONE SIX. VERY GOOD. OKAY. THANK YOU. MANAGER'S [a. The next Baytown Area Water Authority meeting is scheduled for Wednesday, September 18, 2024, at 4:30 p.m., in the Council Chamber located at City Hall, 2401 Market Street, Baytown, Texas 77520. ] REPORT. I'LL HAVE TO YELL. UM, GOOD AFTERNOON. UH, NOT MUCH TO REPORT. UM, DO YOU WANNA LET EVERYONE KNOW THAT OUR NEXT REGULARLY SCHEDULED MEETING WILL BE ON SEPTEMBER 18TH, UH, AT FOUR 30, UH, HERE, SAME ROOM, SAME BUILDING. UM, SO WE WILL, UH, WE WILL SEE YOU ALL THEN. THANK YOU VERY MUCH. THANKS. OKAY. OKAY. I'D LIKE TO ADJO AND THIS CONCLUDES TODAY'S MEETING. AND SINCE ALL AGENDA ITEMS HAVE BEEN ADDRESSED AND HANDLED, I NEED A MOTION. I MOVE TO ADJOURN. AND A SECOND, SECOND. THIS MEETING IS NOW ADJOURNED. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.