Good day, film investors. You can't own Alibaba and you are not owning it if you think you own the shares. We're going to go through six points to elaborate on what can happen to you as an owner of what you think are shares in Chinese stocks. So the story is all about tariffs, trade wars and the negotiations between the US and China are getting harder and harder. President Twitter, sorry, President Trump is playing hardball as the US deficit in relation to China is huge, huge and getting bigger. This is really a big deal, 566 billion, 3% of US GDP. That's huge. I can only say that and I agree it's huge. Huge amount of money. So we have these tariffs, everybody is trying to put more pressure on the other party, but what you are interested in is what can happen from an investor perspective. And that's what we are going to focus on because China can retaliate by hurting you directly, hurting the pension funds, hurting everybody in the US directly. Let's see. First, you don't own any business in China. So you think you own shares in Alibaba, Baidu, Tencent or some other Chinese stock and you might think you are exposed to the Chinese growth story as your own part of the fastest growing and largest businesses in China.  Let me show you what I mean by discussing Alibaba and what is actually traded on the US stock exchange. So Alibaba is a typical variable interest entity, VIE. The foreign investors do not own shares directly in the Chinese operating entity, but rather own shares in an intermediary in the Cayman Islands. A wholly foreign-owned entity in the Cayman Islands provides capital to the Chinese entity that in return to a contract delivers the revenue or the profit to the Cayman Island entity owned by foreign investors. It's all based on a contract, we'll dig deeper. So the risk of the variable interest entity structure that has been adopted by many Chinese companies is that those are controlled via contractual agreements that are ultimately controlled by foreign investors. However, if such a company is in an industry category that is in the restriction category or on the negative list, the structure may be deemed legitimate only if the ultimate controlling person is a Chinese person. So a lot of those companies do not have the majority of owners that are Chinese. So this is something that's created to circumvent Chinese law. At any point in time, China can simply say these contracts are illegal and then you find yourself owning nothing. The Chinese owners own the Chinese company. They are the direct owners. The foreign shell company gives a loan to the Chinese company and with the contract they say they will provide the revenue to the shell company. However, that's just a contract which might be illegal in China because then foreign people own those companies and that's not allowed. So it's a bit of a gray area. This is Alibaba's corporate structure. The company directly owns foreign company, but what you own is the variable interest company and that entity has just contracts with the Chinese entity, just contracts, not direct legal ownership. The variable interest equity structure is currently the only way that foreigners may have an economic interest in businesses in Chinese restricted industries as telecommunications, e-commerce, mining, banking, private education and online games. So do you trust Jack Ma? The key of such a structure is to circumvent Chinese government restrictions. So as there is a contract and any contract can always be disputed and changed. For example, in 2012 Jack Ma decided to transfer the assets of Alibaba's online payment platform and financial and pay to a company owned by him. Yahoo and SoftBank that owned 44% and 30% of Alibaba went ballistic because that is what happens. You own something then in a moment you don't own it and that's exactly the risk of what can happen. They settled but now Alibaba owns just 33% of the company. It used to own 100% of it and they had to enter in August two years later into a share and asset purchase agreement that they negotiated with Ma to get 33% of the company and Ma got the rest. So at any point in time Jack Ma or other Chinese management can change the terms of the contract, can spun off something, can make things different, they can do whatever they want because you can't do anything to them. To go deeper into the story and financials that was established later includes Alipay, online banking, MyBank, credit scoring, service, landing place, Zao, Kaibao, probably pronounced it wrong and Fortune, Yubao and whatever. So as I said all those things you might think you own them but you don't and there is more. But let me first discuss that at any point in time China can declare those contractual rights on foreign ownership illegal and what you would end with is squat, nothing, no zero because if they deemed those contracts illegal you hold nothing in your hands and if you want to complain you can go to the Chinese legal system to complain. Good luck, I don't know how to say good luck in Chinese.  For example in 2012 Chinese Supreme Court broke up one of the variable interest entities when it invalidated contracts made between Minsh and Bank of Hong Kong and its mainline proxy cutting off foreign investors from future profits. As I said you don't own and financial you don't control Alipay or its payment or its parent entity over which Jack Ma effectively controls a majority of the voting interest. Further something very important the licenses and domain names used by Alibaba in China are not owned by Alibaba they are owned by Jack Ma and Simon Xxi and have that have just agreed to allow Alibaba to use them and profit on them. So there is always the risk that the owners of those assets refuse to collaborate want to change the terms perhaps Jack Ma will collaborate but what if he dies will those who get his inheritance agree and will the Chinese courts take your side or their side. So it's always a risk to keep in mind people forget when things go good but look at what happened in Russia this might also happen in China. Then Ma and Xxi are using Baba's money to buy companies so they got a loan of 1.05 billion to buy 20% of Vasu. This is the deal so the Alibaba group gave Simon Xxi a loan so that they can buy Vasu media holding why would a company like Alibaba give a loan to one of its owners so that he can own 20% of a company and not buy the company itself because Xxi decided so so their interests are completely not aligned with your interest especially if you're a foreign owner because what kind of company gives a loan to the owner so that they can invest in another company they get the equity they get the ownership they get the growth you get a loan why wouldn't the company invest in itself. So that's what you get for doing business in China investors are currently blinded by the exorbitant growth shown in their financial numbers which is something also questionable but let's leave that for another video another point is the Chinese people cannot invest in the hottest Chinese companies will the communist country allow that because if you are a high school student in a salt lake city Utah or a college graduate in Berlin you can easily buy stocks in Tencent Alibaba and other Chinese tech giants if you're a student in Beijing you can't because you are not allowed to invest on other stock exchanges for how long will the Chinese government allow this if there is more pressure put on them in trade or other things to conclude it's not all about growth when it comes to investing in China and what seems one way on the surface looks a lot different when you dig a bit deeper however the points touched in this article are mostly just corporate governance issues but still things happen that would be severely punished in more transparent markets why isn't Alibaba punished well if you make trouble as a foreign investors you can soon lose your shirt as Yahoo and Softbank simply settled with Bapa and got only 33% off and financial not 100% as they owned in previous instances which would be normal in the western world so this is just the tip of the iceberg I'm investigating on whether their growth numbers shown by the Chinese companies are actually correct or are those companies cooking the books a bit to make things look better more about that in future videos so thank you for watching this time you don't see me because I'm doing a lot of things now today so click like if you like the content looking forward to comments thank you and I'll see you probably tomorrow


Thank you, please Will you please call the roll then there are eight present and all their person Phillips and Trester are both excused. Please stand and join me in the Pledge of Allegiance Next item on the agenda is the approval of our minutes from the last Common Council meeting all the person will Thank you mayor. I make a motion to approve Thank you for that motion in support. Is there any discussion on the minutes? Seeing none all those in favor, please signify by saying aye. Aye opposed Motion passes next move on to a presentation The 2017 flight for life seeing call of the year award I'd like to call up fire chief Mike romances and representatives of flight for life And Mike is on it Okay, very good, we will put this off for brief moment and We'll go on to mayor's appointments city clerk. I mean city attorney Thank you all the person will thank you mayor and make a motion to a confirm Thank you for that motion and support All those in favor, please signify by saying aye. Aye opposed motion passes Next move on to mayor's announcements We've got a couple of things coming up this week in the entertainment area the final shabuigan pops band concert Will be held at Fountain Park this Wednesday the 22nd at 6 30 We'll also be scheduling the last leaven amp concert at the city green this Thursday And it'll start at 6 o'clock with a band called invisible cartoons And the main act will be at 7 o'clock from and the name of the band is Deli to Dublin Thursday preceding the leaven amp concert at 5 30 on the city green there will be an opening reception for the pearl It's a prism emitting Abstract radiant light and this is the newest A part of an art in public places installation by the John Michael Kohler Art Center And the Shaw family playground has a challenge grant in their fundraising campaign for the The new playground out at evergreen park and the grant deadline is coming to an end on the 31st of August So if anyone's considering helping them out that'll help them to achieve a Challenge grant and if they can raise two hundred and fifty thousand dollars from the public the grant will also match that I see that everyone's arrived. So we'll go back to our presentation On the flight for life scene call of the year award call up Mike Romas and representatives of flight for life Ladies and gentlemen, I'm Mike Romas. I'm fire chief of the city of Sheboygan I want to introduce chase who is from flight for life and he would like to present our department in our city with an award I play for life. We have three bases. We cover most of southeastern, Wisconsin And we do about a thousand flights a year and what we have is a award We call the scene called the year award and really the purpose of this award is to recognize the truly outstanding efforts that that our partners in care You know exhibit on a scene What about the way it works is throughout a whole year you submit applications for scene calls you think that we're truly outstanding and then we have a panel of experts that sort of go through and Enrate what they think of each call and then we have and we have a winner and so I'm pleased to announce that Yet again it came out of Sheboygan County Some of you may recognize that there are quite a few of these awards come out of your county So it's something to be real proud of but the Sheboygan fire department won the 2017 scene call the year award What we look at is we look at three basic things safety is the most important thing You know we fly an aircraft and safety is what we think about every second of every day We look at patient care obviously and we look at triage Decisions and what the decisions that the crew on the ground made and how that impacted the patient This is a little bit of a tricky call So I can't go into much detail, but I can say from a safety aspect This is a little bit more challenging than normal call and the fire department followed all procedures and protocols Made sure they were able to get to the patient safely Transport that patient safely And then they had to land the helicopter and that can be a tricky thing You may see pictures of us landing in a field or on a on a highway A lot of times we land places where we don't really want to land like we land in a cemetery one time So our pilots really like to land in safe areas and the crew on that day had the great idea of landing us at st Nicholas hospital on their helipad This is a place we know we have the coordinates We know exactly what the obstacles are around arm and we can get there safely and we can then utilize the security staff at st Nicholas hospital to sort of be even more of a presence to provide safety And then as far as triage goes You may think that when you get that patient that needs immediate care to a hospital You should just bring them right into the hospital, but that patient needed to go to definitive care They needed to go to a trauma center with surgeons who could who could help them as quickly as possible And legally once you bring that patient in the hospital All bets are off now the hospital has to do their whole due diligence and that it's just going to delay care much much longer So kudos to the fire department for having the wherewithal to not just take that patient right inside But to actually care for them do everything they could outside And then and then have us land and take that patient without the delays that would have caused if we had gone in And then as far as patient care goes I can tell you this I don't hear from our crews too often I'm the professional relations manager if there's any follow-up that needs to be done They come to me with anything and I don't hear a whole lot from them They're pretty content and what they do they like to get in and get out and help as many people as they can But on this particular call I got a call from our medic as soon as he got back to base and he said hey I need you to do me a favor. I said what he said there's this guy roi I want you to hook up him and his teammates everyone that was on that scene needs to get a flight for life t-shirt that Was there they did a heck of a job on a very difficult patient I don't get those calls from those guys too often So I knew right there while this is an interesting one And I'm really not surprised to see that it did win out as a scene call of the year So I would I'm really happy to present the shabuigan fire department with a scene call of the year They get this schnansy little plaque here They get a landing zone kit that has landing zone lights Eye protection ear protection things that help them land the helicopter as safely as possible And then a $500 donation that goes to crew education and training So it's my my privilege to to present you guys with the 2017 scene call of the year award If I may say something briefly Um On behalf of the fire department and the city of shabuigan, I'm accepting this award I said before in our newspaper article. It's a team effort It never is done by one entity and I mentioned the police department I mentioned the hospital for all their assistants say nicks Our crews in the field Even the dispatchers everybody it's a team effort if anybody drops the ball in any way shape or form This doesn't happen and maybe somebody passes away Um, I was really impressed when jason first met me and he gave or he showed me the award And he looked me in the eye and he said chief He goes i'm not just saying this he goes your crew did an excellent excellent job And that just makes me really proud. I'm always proud, but these people just go above and beyond Um, a few of the members that were actually on this one. There were four Um, we're here. All right. Three of them are here today. One's actually working today But he's transporting a patient to a hospital in milwaukee right now So he won't be able to be here But I would like to recognize i'm just raise your hand after I say your name lieutenant jaymond engels fire equipment operator chad brandis And firefighter paramedic rory bryan And the last thing I want to say is flight for life You know, you've been in business decades, you know over 32 33 000 runs without an incident or you know an accident or whatever We're just one run one department that you interact with and it's been probably tens of thousands of times So on behalf of all the fire departments in the state paid Volunteer Paid on call career everyone I want to thank you for your service and supporting us and you make us look good and I thank you for that Gentlemen, thank you very much Next we'll move on to the public forum city clerk Linda shimman Could you state your name and address for us, please? Linda shimman shi moan 1326 north 27th street shabuigan. You'll have five minutes Thank you alderman's voglio for helping me on this issue The backflow in my basement has not been an easy event to deal with. There are several reasons why? First it is difficult to deal with because the backflow should not have occurred in the first place During the week of january 8th. My neighbor clarence experienced a sewage backup He called the public works department to report it, but something went wrong When employees were sent to the neighborhood to check up on the matter. They were puzzled There was no house with that number on our street on their worksheet They knocked on vicki's door and asked her if she had experienced the backup She said no they did not locate the correct house because the wrong address had been posted on their work order Had they located clarence after his incident the expert professionals that the public works employees are Would have found and fixed the broken repair avoiding the february 3rd incident The second reason it has been a difficult issue to deal with is I heard a rumor that created the image of the city attorney pushing himself away from his desk Flippantly tossing the paperwork of the incident out to his desk and declaring it'll be denied anyway It'll be denied anyway I say it's a rumor Even if not true that rumor played over and over in my head as I spent hours pushing a broom To sweep foul liquid to the drain and when my two cats and myself spent six nights in la quinta in to avoid breathing the dangerous pathogens And when I started organizing the many saved items all placed in cardboard boxes By the cleaning service employees And when I spent hours visiting furniture stores shopping for cabinets and shelving units To replace the ones tossed because they were made of particle board And hours selecting floor covering the hour spent moving items back and forth from the main floor to the basement And all rooms in the basement back and forth as space was needed for the contractors to complete their work The hour spent organizing the receipts and paperwork for the claim Then making sure the paperwork was organized and completed correctly All the while with this nagging memory of rumor of the image of the city attorney pushing himself away from his desk Flippantly tossing the report and declaring it'll be denied anyway The third reason is how it has affected the folks in my neighborhood There was Eugene needing to replace an 11 month old furnace and the inconvenience of having to live in his home wearing heavy winter coats When I visited him his back door was a jar three inches So the pipes sucking the sewage from their basement could be positioned on the stairs and out the door to a truck The temperature was three degrees above zero And how surely in gene nearly 90 struggled to haul sewage laid in carpet Up their basement steps to the backyard until they were too exhausted to continue And now I had to kneel on a white trading card box So I didn't have to kneel in the one inch deep sewage So I could reach in with gloves Into eight inches of goo and pull debris from the screen cover over the drain so the water could start draining And how I had to live with items that belonged in the basement but were cluttering my main floor And why when I attended one of the two public works committee meetings And heard about a lady who recently had had an accident resulting in her car Destroying a traffic light her attorney had asked that the city set the charge For the damage to be prorated after all the light was several years old The committee member then advised full payment because as he threw up his hands and said hey We have to pay full cost to replace it with lots of nods and grumbled sounds of agreement filling the room It is difficult to personally resolve and accept the denial of my claim Knowing that the city was responsible due to a contact mistake and hearing that the city had no leniency when the mistake was made by the lady Even paying a prorated amount of any of the claim damages This is an example of a governmental body legislating itself above ethics and good character When I researched the payment history of municipalities on this issue I noted that city employees could be completely responsible for the damages But have protected themselves with a law I don't understand how this law can determine the outcome of the city's action When a report had been filed prior to our event that demonstrated a sewer pipe failure the same failure that initiated our claims In closing the error of correcting Of correctly logging clarence's address that week in january was just a mistake A mistake is neither good or bad. It just is but its consequences are good or bad In this case the monetary and physical effort Ranged from less than three hundred dollars to my repairs north of seventeen thousand None of us are asking for payment of the value of items not replaceable those we assigned to the realm of fond memories We only ask for the replacement compensation Follow the incisiveness of the public works committee member who with all other members in agreement advised That the lady responsible for damaging the traffic light pay the full cost of replacement Please in our case pay the cost of replacement Thank you for listening Thank you. There's no one else this evening Thank you very much Next we'll move on to the consent agenda. It'll include items 2.2 through 2.20 all the person wulf Thank you, mayor. I make a motion to accept and file all our oaths Except and adopt all our c's and pass all resolutions and ordinances Thank you for that motion and support under discussion all the person rinse How could we please exempt or separate out item 2.3? I'd like to have that be referred to the finance committee Is there a second? Thank you very much We'll just vote on 2.3's We referral to the finance and personnel committee then all those in favor, please signify by saying aye Aye Opposed motion passes then the other items in the consent agenda are before us. Is there any other discussion? All the person sarnson Okay, uh 2.5 then is before us. Is there any discussion on that one item? All the person savaglio Thank you, mr. Mayor Could the city attorney please elaborate on the position that uh that the city took So the city's position Is based on state law which is that the taxpayers of the city Can only pay claims for which the city is responsible where there has been negligence On the part of the city or its employees in this case there was no negligence on on the part of the city In in essence, there were there were some causes for it. There were some upstream clogs caused by upstream Users there was also a collapse that occurred or I know collapse is probably too strong a word, but there was some damage that was done over time But that wasn't something that that You know can can be discovered until there's an issue and in this case there actually had been quite recent checks in the area Scopes to look at what was going on in the area So the reason that this this claim was Denied and not by the committee by the way because it's it's below the Threshold for that the committee is merely filing the claim The reason for that is because there is not a claim that can be paid by the city taxpayers Thank you. Is there any other discussion? All the person down here Negligence of the department in terms of making an initial response to the problem in some way Obviate the the city's immunity in this particular case No for two reasons one is that The facts don't necessarily line up with as they were presented In the statement today The other is there is no causation between the fact that there was a delay in discovering it and the actual damages Isn't there a but for though But for the the problem of of not addressing the first problem in a timely basis. No Likely had the had the discovery occurred on the day that it happened The the events would have occurred earlier rather than when they did And when miss shimon have the ability to file Uh a smoke Sounded like the claim was around seven thousand dollars, right? She's been provided with a letter that that explains her legal rights and her time frame In that regard and so she can file suit against the city Right. Okay. Yeah that time has already started because the the claim has already been denied. All right. Yeah. Thank you Thank you. Is there any other discussion? Seeing none then we'll vote on 2.5 separately the clerk call the roll for 2.5 Here we go Seven eyes one no The motion passes to file the claims and then going back to the original motion There's a number of documents that are before us. Is there any Discussion on any of the other documents in the consent agenda? Seeing none will the clerk please call the roll for passage Eight eyes Motion passes Next move on to reports of officers items 3.1 through 3.3 will be referred to various committees And then under resolutions item 4.1 is resolution number 71 of 18 19 by all the persons wolf and donahue Authorizing retaining outside legal counsel to represent the city in the matter of walmart stores, ink versus the city of shabuagan Inauthorizing payment for said services all the person wolf. Thank you mayor. I make a motion to suspend Thank you for that motion in support. Is there any discussion on the motion? All the person sorenson We'll turn your question over to the city attorney first It's actually maybe more connected than you realize because our outside counsel has actually been appointed to the committee The legislative committee that oversees that so we've hired an expert Okay All the person boring I heard that this latest Case with walmart is is going to be piggybacked on 2017 my question is How much have we spent on this so far with this law firm? And Is is there any cap? Is there any cap on what the legal legal expenses could be? There's not necessarily any cap. I don't know what we've spent I could have checked if if you'd asked earlier today, but I don't know exactly what we spent She's not sent in many bills, but apropos to this being a new lawsuit She has indicated that she is already Even though she can't answer the complaint. She's already working with our expert who has a report due To basically include 2017 in all of that hopefully at no additional cost And I'm also wondering how much Well, is time of the essence on these cases how much time does the city have to respond to walmart? And I guess I'm wondering this is probably going to be on the front burner of the legislative session. Hopefully in january Are we spinning our wheels by doing too much before we find out How it's going to be adjudicated in madison or Where are we where are we with that? They filed a lawsuit against us. So and we have 20 days from the date they filed the lawsuit against us to answer Which is why it's on uh to suspend because we have a very limited amount of time to answer. So if we don't Hire the outside council to answer. Uh, we'll we'll just simply be defaulted or I'll I'll answer it but You know We we do need to because the lawsuit is happening. We do need to have a lawyer involved and having her At this one in just makes a lot of sense and after we answer Is there a good chance that this may not be heard until the spring anyway or Is this is going to be handled pretty expeditiously the time frame on the prior cases is such that um, there's not it's not going to be done by the spring anyway Okay, now what you have to remember is that if a law changes the law changes prospectively it doesn't change backwards So that doesn't necessarily change things as far as the lawsuits that have been filed It may though prevent future lawsuits from being filed could the could the legislature Write the law that it would go backwards a couple of years or they can't do or they can't I can't imagine a way in which they could do that without A constitutional challenge Okay, thank you All the person down here And I know we're still on the suspension motion and we haven't really gotten to the to the Heart of the matter but Since we're discussing this I noticed in the complaint that they asked for reasonable attorneys fees Are there statutory attorney fees or is that just silly? I mean they'll get a hundred dollars or whatever Yeah, there's not there's not statutory attorneys Okay, any other discussion All the person's just one other thing since we're talking about this Just wanted to remind folks watching at home that in the city city halls facebook page There was a very good bit that was shared about the impact of dork stores In that loophole and what it has on local municipalities. So if you're watching at home, you're on facebook go check that out Thank you Okay, see no other hands. I sense we're ready to vote on this with a clerk. Please call the roll Is this on the suspension or Because I haven't made a motion to pass We're still on the suspension Is there any objection to suspension? I think we're just we're voting on the motion. Thank you I need to make a motion to pass the resolution second Thank you for that motion in support One last call for any discussion Thank you with the clerk. Please call the roll eight eyes Motion passes Items 4.2 through 4.9 will be referred to various committees Under reports of committees item 5.1 is rc number 103 of 18 19 by the public works committee To whom was referred rc number 80 of 18 19 by the public works committee and general ordinance number 25 of 17 18 by alderperson wolf amending the city snow emergency and winter parking rules To provide for improved clearing of snow during emergencies To improve efficiency and clearing the streets all winter and give reductions and personnel and Changes and procedures and recommends approving the substitute ordinance alderperson wolf Thank you, mayor. I make a motion to accept and adopt and pass the substitute ordinance second Thank you for that motion in support. Is there any discussion on the motion? Alderperson borne. Thank you, mayor. Uh, mayor, do you know what the final poll resort poll results were? It was on a next door You know that was presented to the committee, uh, and it's probably changed if people continued to so i'm not sure the exact results Was it pretty overwhelming in favor of the numbers you had so far or do you recall? Alderperson wolf I don't remember the exact numbers, but there wasn't a lot of participation, but the changes that we made were basically To move the hours from I believe 10 o'clock to Are from midnight to 2 o'clock to make it easier for shift change and we extended the The snow emergency time frame to be a little bit um Longer so that if we were to receive snow storms later in the year, you know, like in april Just as an example it happens That that snow emergencies could still be called Thank you for that review. Any other questions? Thank you. Alderperson sarnson, and I think, um Another you know, sometimes it doesn't snow in april and some that was kind of discussed as well too during the committee meeting um and jason from public works also Discuss about how that would give the public works department more more time for the street speakers to Get ample time to get all that just extra debris in the city, too So that offers more flexibility for the department as well too, so Okay, thank you for those comments any other discussion Seeing none with a clerk, please call the roll eat eyes motion passes Item 5.2 is rc number 104 of 18 19 by the public works committee to whom was referred Direct referral resolution number three of 18 19 by all the persons wolf and sarnson Authorizing executing and operating agreement between the city of shabuigan and power pubs llc regarding In authentic german beer garden concession in a specific area of quanta spark and recommends passing the resolution All the person wolf. Thank you, mayor. I make a motion to accept and adopt and pass the resolution Second thanks for that motion and support. Is there any discussion under discussion all the person wolf? Thank you, mayor. I just want to make a quick comment I think this is a going to be a great edition. Unfortunately, it's going to be uh next year when they'll finally open But I just wanted to say that the city Has worked very diligently In the past many months working with the power pubs llc and regarding the The development of this for our quanta series. So it's going to be a great addition For the future and growth for that neighborhood Thank you under further discussion all the person sarnson. Thank you, mr. Mayor. I just like to also all the Echo all the person wolves statements as well too Well, I just wanted to thank you and all the folks at the public works department for working on this In the city attorney's office as well. I'm actually wearing My bavarian flag pin today Because you know This was kind of a back and forth with Between the community. This was a direct referral kind of at the beginning of the session So I I'm excited to see this happen and come to fruition And I think that this will be a great addition to the city. So Thank you very much all the person boring. Thank you, mayor I read I read the The agreement with the with the provider and I thought it was a very good contract that you did attorney Adams as far as Covering all the bases. I've I've seen a number of these contracts over the years but I think I think it's it's fair to the city and it's also fair to the provider that What we'll be getting some income. I believe 12.6 percent And also there's a good security deposit and also seeing that they're going to be be paying the utilities down there So I think it's a good agreement all around Thank you for those comments Seeing no other discussion with a clerk, please call the roll Eight eyes Motion passes Item 5.3 is RC number 105 of 1819 by the finance and personnel committee to whom was referred resolution number 59 of 1819 by all the persons in flesh Born authorizing the transfer of appropriations in the 2018 budget for the boots and sports complex study and recommends passing the resolution All the person right flesh I move to accept and adopt and pass the resolution second Thank you for that motion in support. Is there any discussion on the motion all the person rain flesh The funds for this are coming from our tourism fund on reserve tourism fund which came from a room tax revenue So we're not spending any taxpayers for this We're just what we're doing the resolution is transferring the funds to budgeted account But they study to be done will be on the a-knapping impact of the completing the button sports complex Which will be very useful for them and for us when it comes time to help raise funds for for the complex they completed Thank you for those comments any other discussion Seeing none. Would the clerk please call the roll Jim Did it jump to It's good You're good Yeah, we have a boarder for fun Can do it the old fashioned way So you jumped it in Where are you at now? You just jumped to 5.4 on my computer I'm on 5.2 online On my computer it says 5.4 The little green Triangle jumped to 5.4 Now you just jumped to 5.2 Put the result for 5.2 and 5.3 All right So this is 5.3 and this is to pass the resolution Mr. Born I Mr. Decker Donahue Mitchell Phillips It's not here Ryan flush Slovak Leo Sorenson Trustor is not here and we'll Eight eyes Motion passes Moving on to item 5.4, which is rc number 106 of 7 18 19 by the finance and personnel committee to whom was referred resolution number 60 of 1819 by all the persons Are in flesh and boron authorizing the transfer of appropriations in the 2018 budget on wage and benefit transfers and recommends passing the resolution All the person red flesh I move to we accept and adopt and pass the resolution Second Thank you for that motion and support under discussion Seeing none will the clerk please call the roll Oh, sir Did you get it or now we've got it anybody else? Yep Well it's not coming so let's just do it Did it go? Well, nothing's coming up on my screen though. All right born. Hi decker Donahue Mitchell Ryan flush Slovak Leo Sorenson Wolf Eight eyes Motion passes Next move on to 5.5 RC number 107 of 18 19 by the finance and personnel committee to whom was referred Resolution number 61 of 18 19 by all the person Ryan flush Born authorizing a transfer of appropriations in the 2018 budget for police training And tid number 5 and recommends passing the resolution All the person Ren flash I move that we accept and adopt and pass the resolution second. Thank you for that motion and support under discussion Seeing no discussion will the clerk please call the roll Born I decker Donahue Mitchell Ryan flush Slovak Leo Sorenson Wolf Eight eyes motion passes Item 5.6 is RC number 108 of 18 19 by the licensing hearings and public safety committee to whom was Direct referred Resolution number 68 of 18 19 by all the person Donahue authorizing the shabuigan fire department to enter into an access And in Dignity agreement with Cargill Incorporated regarding limited access to property for the specific purpose of conducting firefighter confidence Confined space training exercises and recommends passing the resolution all the person Donahue Thank you for that motion and support. Is there any discussion? Seeing none will the clerk please call the roll Born I Decker Donahue Mitchell Ryan flush I Slovak Leo I Sorenson Wolf Eight eyes Motion passes I am 5.7 is RC number 109 of 18 19 by the finance and personnel committee to whom was referred Direct referral resolution number 69 of 18 19 by all the person Donahue Authorizing the purchasing agent to enter into a contract for the purchase of five Police patrol vehicles prior to september 21st of 2018 and recommends passing the resolution All the person were inflation I move to accept and adopt and pass the resolution second Thank you for that motion and support Is there any discussion on the motion all the person Ryan flesh this is to purchase vehicles Before we actually have approved the capital improvement budgets for next year But we need to get the purchase in because The vehicles are not going to be made in future years and so to get the 2019 Model in we need to order them now We won't pay for them. We won't receive them. We won't pay for them until 2019 Thank you for those comments. Is there any other discussion? Seeing none will the clerk please call the roll born I Decker Donahue Mitchell Ryan flesh I suboglio Swanson I wolf eight eyes motion passes Item 5.8 is RC number 110 of 18 19 by the finance and personnel committee to whom is referred direct referral resolution number 70 of 18 19 by all the person Ryan flesh and born authorizing a transfer of appropriations in the 2018 budget for police vehicles and recommends passing the resolution All the person Ryan flesh I move that we accept and adopt and pass the resolution second Thank you for that motion and support. Is there any discussion on the motion? Seeing none will the clerk please call the roll born I Decker Donahue Mitchell Ryan flesh I suboglio Swanson I wolf eight eyes motion passes Items 5.9 is RC number 111 of 18 19 by the licensing hearings and public safety committee to whom was referred general ordinance Number eight of 18 19 by all the persons Donahue and Ryan flesh repealing article eight of chapter 70 of the municipal code and tighter sexual offender residency restrictions And smiths to the council with no committee recommendation All the person Donahue Thank you, sir Second thank you for that motion and support. Is there any discussion on re-referral all their person Donna Boren? Thanks, mayor What happens if this doesn't go back to the committee and it came here with and it came here with no recommendation Does that mean that the the existing Ordinance would just stay in place the way it is or what happened journey Well, you would still vote on it. Um, and whatever somebody made a motion to do and You know, that's that would be what would happen Obviously, uh, if if it failed there's still the opportunity to make additional amendments And I think that's the reason to go back. I think the understanding is that perhaps as is it's not acceptable to A certain number of alders, so it's going back to deal with those concerns. All right. Thank you All the person Donahue just by way of background The committee has looked at this particular provision of the municipal code that has substantial room for improvement Both in terms of efficiency and outcome We had a very good discussion at our first meeting And it would appear that our discussions need to continue and we need to review and Determine the most efficient and The helpful way of continuing on with this. So that is the reason that we are requesting that the matter be re-referred To lhps for further discussion Thank you. Is there any other discussion? Seeing none. Will the clerk please call the roll for can I just do a voice vote there? Okay, all those in favor of re-referral please signify by saying aye. Aye opposed Motion passes that'll be referred back to lhps Moving on to item 5.10 rc. Number 112 of 18 19 by the finance and personnel committee Whom has referred general ordinance number 11 of 18 19 by all the person Re-establishing salaries of elected officials and recommends approving the ordinance All the person reinflage. I move that we accept and adopt and pass the ordinance Second Thank you for that motion and support. Is there any discussion on the motion? All the person born. Thank you, mayor. I believe that the finance and personnel committee These election workers have not gotten a raise was it since 2008? And Well, it's not an easy job. It's a long tedious day And I voted in favor of it City clerk informed us that finance and personnel that this would add about $4,500 to the Budget for next year for 19. Is that correct? Thank you for those comments. I supported it and I think it's a good idea. Thank you Is there any other discussion Seeing none will the clerk please call the roll for passage Born I Decker Donahue Mitchell Rineflesh I Savaglio I Sorenson I Wolfe I Eight eyes Under general ordinances Item 6.1 and 6.2 will be referred to various committees Under matters laid over Item 7.1 is RO number 85 of 1819 by the city planning commission. Duma is referred and Discuss the tax incremental financing district tid number 17 Boundaries and project plan at the regular meeting of the city planning commission on july 24th of 2018 and after due consideration Recommends the approval of both the tid 17 and the boundaries and the project plan all the person born Thank you, mayor. I move make a motion to accept and file second Thank you for that motion and support. Is there any discussion? Seeing none all those in favor, please signify by saying aye. Aye opposed motion passes Item 7.2 is RO number 86 of 18 19 by the city planning commission to whom was whom reviewed and discussed the tax incremental District tid number 19 boundaries and project plan at the regular meeting of the city planning commission on july 24th of 2018 And after due consideration recommends approval of both tid 19 boundaries and project plan all the person born Thank you, mayor. I make a motion to accept and file second. Thank you for that motion and support Is there any discussion? Seeing none all those in favor, please signify by saying aye Opposed motion passes Next i'll turn it over to the city attorney for other matters received after the agenda was published Thank you, mayor 8.1 is an RO by the city clerk submitting various license applications for the period ending june 30th 2019 and june 30th 2020 That'll be referred to the licensing hearings and public safety committee Uh, next is adjournment all the person will thank you, mayor. I make a motion to adjourn Thank you for your for that motion and support All those in favor of adjournment, please signify by saying aye Opposed motion passes. We stand adjourned. Thank you for your time tonight