Gloucester Board of Commissioners of Trust Funds, Oct. 6, 2026

City Hall - Council Chambers: Okay. City Hall - Council Chambers: I think we're… Speaker 1 (City Hall - Council Chambers): Welcome everybody to the meeting of the Commissioners of Trust Funds. City Hall - Council Chambers: And, we have some absences today. Speaker 1 (City Hall - Council Chambers): But I think we can actually accomplish a fair amount. Did Linda get your requested financial update? Speaker 1 (City Hall - Council Chambers): No. City Hall - Council Chambers: I haven't there's. Speaker 1 (City Hall - Council Chambers): But I think… I think we can safely assume there is no update. Yeah. That's right. Speaker 1 (City Hall - Council Chambers): So anyway, here here are the here's the agenda. Thank you.

Speaker 1 (City Hall - Council Chambers): just very similar the last month or 2 months ago. But and we do have I have the revised… Speaker 1 (City Hall - Council Chambers): Well, Doc sent us the revised minutes from the last meeting. Speaker 1 (City Hall - Council Chambers): And I made two copies, in case anyone didn't… I did read them, but here's the copy, so I think this is the one I should. Speaker 1 (City Hall - Council Chambers): I'm gonna put revised. Speaker 1 (City Hall - Council Chambers): And so I revised section 5 and section 8. OK. Kind of anal in number. Speaker 2 (City Hall - Council Chambers): Boring paragraphs. City Hall - Council Chambers: Really helpful. It is helpful at the end of the day.

Speaker 1 (City Hall - Council Chambers): And it's been a long time since we met. And you still have a miss. Okay, we have to correct the spelling of the new superintendent of Roswell. I thought I did. Isn't it Pascarel? No, it's Pascarel. I think it's. Speaker 1 (City Hall - Council Chambers): You can look it up online, but it's different. Speaker 1 (City Hall - Council Chambers): I thought I had made it work. Unless maybe it's in two places and you've corrected one. No, I only have it in one. I said Amy. Speaker 2 (City Hall - Council Chambers): The new Superintendent of Gloucester Public Schools is reviewing the proposal in Section 5. Speaker 2 (City Hall - Council Chambers): Paragraph 5.

Speaker 1 (City Hall - Council Chambers): Well, it says Amy doesn't say Amy X. Speaker 2 (City Hall - Council Chambers): Well, yeah, I'm just saying, if I have it spelled wrong, I'm not even going to pronounce it, but it's Amy Pascalero is what I put in there. And I had it read, the new superintendent of Gloucester Public Schools is reviewing the proposal only for the cost fund. Speaker 1 (City Hall - Council Chambers): You in it maybe too? Speaker 1 (City Hall - Council Chambers): Just kidding, I'm looking it up. Speaker 1 (City Hall - Council Chambers): It's like you've been out in the sun too much. You're so brown. Speaker 2 (City Hall - Council Chambers): I have new glasses. Speaker 1 (City Hall - Council Chambers): Your skin is brown. My skin is brown.

Speaker 2 (City Hall - Council Chambers): Well, you can help. I'm following the same routine as President Trump. Pasquarello. Speaker 1 (City Hall - Council Chambers): Q-A-S-Q-A-R-E-L-L-O. Speaker 1 (City Hall - Council Chambers): Ask Warella. Speaker 1 (City Hall - Council Chambers): Nashville, with… there's no C. Speaker 1 (City Hall - Council Chambers): So we we can just correct that. Speaker 2 (City Hall - Council Chambers): Oh, it's you're right. Rockford. It's P-A-S-Q-U-A-R-E-L-L-O. Correct. Where do you have to go today? Speaker 1 (City Hall - Council Chambers): I don't know. Speaker 1 (City Hall - Council Chambers): But it will be very efficient, because he sent us a lot of… Yeah, we could be pretty fast.

Speaker 2 (City Hall - Council Chambers): Yeah. Speaker 1 (City Hall - Council Chambers): So let's see. So you've revised five. Speaker 2 (City Hall - Council Chambers): System that she's doing the core fund only to coordinate with the Gloucester School Committee and then the Irving Powers Fund. Speaker 2 (City Hall - Council Chambers): You know, the Colossian Dpw. Is the administrator for the monies for this one. Speaker 2 (City Hall - Council Chambers): And then on H. Speaker 1 (City Hall - Council Chambers): See number 8. Speaker 2 (City Hall - Council Chambers): I recommend removing the 3rd, 4th, and 5th sentences, which I did, which keeps it. This is about the Babson House. Oh, okay. The petition of the fund is being worked in the Ag's office, and there will also be discussions with the Gloucester School Committee.

Speaker 1 (City Hall - Council Chambers): For the Babson House. Speaker 1 (City Hall - Council Chambers): Really? Do you mean the, that doesn't make any sense to me. Speaker 1 (City Hall - Council Chambers): I would take that. Speaker 2 (City Hall - Council Chambers): Yeah, Babson House. Is that, is it? Speaker 1 (City Hall - Council Chambers): We all know what that is, don't we? On Eastern Avenue? Yeah. Speaker 1 (City Hall - Council Chambers): I would say just take that sentence out. Speaker 2 (City Hall - Council Chambers): Take out the third, fourth, and fifth. Speaker 2 (City Hall - Council Chambers): So the third is the initial proposal was approved. Speaker 2 (City Hall - Council Chambers): community action impact unit and discussion with Gloucester School Committee. That sentence comes out.

Speaker 2 (City Hall - Council Chambers): It is noted that the fund Okay. Speaker 1 (City Hall - Council Chambers): This is number eight. We're talking about eight. Speaker 2 (City Hall - Council Chambers): That was one of the sentences he said to take out. Yeah. I took out. Speaker 2 (City Hall - Council Chambers): Well, no, it's not. Yeah, yeah, that sentence comes out. That's 1 of the ones he said to take out the 3rd, 4th, and 5th sentences. Speaker 2 (City Hall - Council Chambers): 3rd one was the initial proposal was approved. Speaker 2 (City Hall - Council Chambers): So the 4th was this included community impact unit and the 5th was school committee. Speaker 2 (City Hall - Council Chambers): Okay, I will make those amendments. Oh, wait! What? So what?

Speaker 2 (City Hall - Council Chambers): And the party doesn't fall under the responsibility of the I'm sorry, you made a change. Speaker 1 (City Hall - Council Chambers): change in paragraph number five. Five. And number eight. And eight. Speaker 2 (City Hall - Council Chambers): Anything else? No, that's all he noted. And I didn't get any errors or omissions from anybody else. All right. Speaker 2 (City Hall - Council Chambers): Okay, good. What I did, what I failed to do on 8, obviously, is to execute the full third, fourth, and fifth sentence removal. Okay. Unless this went in. All right. Yeah, that was… Speaker 1 (City Hall - Council Chambers): All right, so now we, with these two… With these two chambers.

Speaker 2 (City Hall - Council Chambers): a. Speaker 1 (City Hall - Council Chambers): make a motion that we approve the minutes. Second. Okay, all in favor. We've got it. And. City Hall - Council Chambers: Perfect. Speaker 1 (City Hall - Council Chambers): Okay. Speaker 1 (City Hall - Council Chambers): So, let's assume that the current balances… I still have the report from last Speaker 1 (City Hall - Council Chambers): from last month or 2, no, 2 months ago from the June. I think June. The end of June was the most recent. Speaker 1 (City Hall - Council Chambers): Now, the other just… So the balance, the I I highlighted.

Speaker 1 (City Hall - Council Chambers): Everything that we had acted on. Speaker 1 (City Hall - Council Chambers): In other words, over the last Speaker 1 (City Hall - Council Chambers): That is mine. Yes. And the first Speaker 1 (City Hall - Council Chambers): thing that we ever voted on last, I don't know, December or something, was the the Hovey Fund. Speaker 1 (City Hall - Council Chambers): that was going to go to the library to reimburse the students. Yes, and it never happened. I don't think that ever happened. So, basically, we have Speaker 1 (City Hall - Council Chambers): a failure of the The system. The system. Speaker 1 (City Hall - Council Chambers): But more specifically, the treasurer's office and the current acting treasurer has not gotten back to me. I asked her about all of this.

Speaker 1 (City Hall - Council Chambers): so that I would like to flag in this meeting that we are suffering from a lack of Speaker 1 (City Hall - Council Chambers): Well, I didn't know if the Speaker 1 (City Hall - Council Chambers): The, the library administration had been Speaker 1 (City Hall - Council Chambers): made aware of this. Oh, yes, and so there. Speaker 1 (City Hall - Council Chambers): Well, but the thing is, they know it's going… Speaker 1 (City Hall - Council Chambers): to the back to the city should be. I hope they understand that because it makes you feel sort of yeah. But I think we in the future we we would not inform until we were on the way now. And the museum we were. That's the other one.

Speaker 1 (City Hall - Council Chambers): And the, widows and orphans of the fishermen. Speaker 1 (City Hall - Council Chambers): So. Speaker 2 (City Hall - Council Chambers): So, I mean, what, just repeat, what is the action about the hubby fund that has not, that the system has failed? Well, it, because it. Speaker 1 (City Hall - Council Chambers): Somehow, okay, somehow… It's up over the, Speaker 2 (City Hall - Council Chambers): Yeah, 75,000. Speaker 1 (City Hall - Council Chambers): It would have been a, if I understand it. Speaker 1 (City Hall - Council Chambers): The treasurer would have just moved money from one City-controlled fund to another. Speaker 1 (City Hall - Council Chambers): I think. I mean, in other words, to reimburse the city for… so it would show up on the… From the Cape Ann savings to the city, and then from the city, I guess it goes to funds for disbursement.

Speaker 1 (City Hall - Council Chambers): Well, or maybe… No, it would just go to… there must be a city, fund for the lot… when they gave the loan, the bridge loan, for the library. Oh, if… right, because it doesn't have to go to the library at all. No, it goes to reimburse… to… to… Speaker 1 (City Hall - Council Chambers): basically reimburse the city for the funds that to bring down that amount. Speaker 1 (City Hall - Council Chambers): So, we… we probably miss… Speaker 1 (City Hall - Council Chambers): didn't word the letter correctly, but it still we wanted to inform the current head of the library that this right was it should be counted as a donation or a Speaker 1 (City Hall - Council Chambers): It's not a donation. It's not a donation, but it's a it's it. Well, it's a donation, but not. It's just towards their obligations. Correct. It reduces the obligation to.

Speaker 2 (City Hall - Council Chambers): Take back the how much, how much did we I I guess out of the hubby fund, could we pull more than interest income? Speaker 1 (City Hall - Council Chambers): We were trying… Okay, so the goal, which I… the way I understood it was to… Speaker 1 (City Hall - Council Chambers): pay down as much as possible the income of the Hovey Fund, which we have full authority to disperse. Speaker 5 : So that it would go below $75,000. But now we don't know whether it ever reached that point. Speaker 1 (City Hall - Council Chambers): because then then the the it could be rolled up into the those funds that Speaker 1 (City Hall - Council Chambers): can be dissolved without a court action. We admit that is the Ag office alone, but we can't do anything. We have to wait until I mean it would be probably foolish to

Speaker 1 (City Hall - Council Chambers): I don't know to work with the acting treasure. He may be the full. The acting one is Nicolette Parisi, or something, but maybe he will ultimately become the no, it's it's a sheep. Oh. Speaker 1 (City Hall - Council Chambers): maybe I'm sorry. See, I don't know. We don't know. They they're they don't know for the position. So we should. I guess we have. So this is what I would say. Let's we could certainly Speaker 1 (City Hall - Council Chambers): There's enough money in the income to Speaker 1 (City Hall - Council Chambers): $20,000. Spend another. I think it's yeah. We could do 20,000. If what's the the accumulated income of the hubby? Speaker 2 (City Hall - Council Chambers): Is what I'm seeing in the last report ending June 30th or 19348.

Speaker 1 (City Hall - Council Chambers): Well, then, let's do 15 instead of Speaker 1 (City Hall - Council Chambers): We don't know, it could have gone down. Speaker 1 (City Hall - Council Chambers): We think it's gone up. Speaker 1 (City Hall - Council Chambers): Yeah, all right. So I would. That's what I would do. I would make a motion to approve another 15,000 from the hubby fund income. Speaker 1 (City Hall - Council Chambers): To, toward the library reconstruction. Right, and what we might want to do is Speaker 1 (City Hall - Council Chambers): State in there that this adds to a previous correct this many dollars with a total of. Speaker 1 (City Hall - Council Chambers): Yeah, okay. Speaker 2 (City Hall - Council Chambers): So how much do we think we requested?

Speaker 1 (City Hall - Council Chambers): We requested 10. We requested. Speaker 2 (City Hall - Council Chambers): And that never made it, and we don't know whether it's because it never made it from the Cape Ann Savings Bank over to the City of Gloucester, or whether the treasurer never got it done. Speaker 2 (City Hall - Council Chambers): We don't know where the system broke down. We don't know. But so that never… Speaker 1 (City Hall - Council Chambers): I think we don't think it was on the KBN Savings Bank side. Because they have to be — the city has to make a request to the bank. Speaker 2 (City Hall - Council Chambers): Okay. Okay. So I'll second that motion. All right. So we've. Speaker 1 (City Hall - Council Chambers): approved. This is definitely should be in the minutes, and we could act on it, I think, is… So, my question, then, is, do you think you should be, or one of us should be.

Speaker 1 (City Hall - Council Chambers): Meeting with the treasurer to see if or sending in a note, or just wait till Speaker 1 (City Hall - Council Chambers): because then, if there's a new treasurer when there is a new treasurer. Speaker 1 (City Hall - Council Chambers): it'll take a long time again, because it won't be on top of that person's list. Well, I'm I would simply follow up with another email, and I'll copy you to another. So we're email to who? Speaker 2 (City Hall - Council Chambers): Acting treasurer. Speaker 1 (City Hall - Council Chambers): Yes, and just say we would, you know, do you have any updates on the status? We'd like you to know. Speaker 2 (City Hall - Council Chambers): Sawyer ornamental. We had the Sawyer drawings. We had the Benjamin Smith and the Great Republic were all supposed to be dispersed.

Speaker 2 (City Hall - Council Chambers): Good. Speaker 1 (City Hall - Council Chambers): Very good. That the school committee doesn't have it yet is sort of a. Speaker 1 (City Hall - Council Chambers): egg on our face, too, in a way, because we were… we've been working with them for about a year, it seems, or maybe it's not that long, but. Speaker 1 (City Hall - Council Chambers): And promised. Speaker 1 (City Hall - Council Chambers): Well, yeah. So what was that? Speaker 2 (City Hall - Council Chambers): The method of asking. Speaker 2 (City Hall - Council Chambers): Who was the previous treasurer? Connor McCorkle. Was it an email from you? Speaker 1 (City Hall - Council Chambers): It was an email from me requesting.

Speaker 2 (City Hall - Council Chambers): An email attached to a memo. Speaker 1 (City Hall - Council Chambers): We attached about five documents that proved Speaker 1 (City Hall - Council Chambers): That we had the authority, that we had the authority, and that this Speaker 1 (City Hall - Council Chambers): These disbursements have been authorized by the Commission, as evidenced by approved minutes. Speaker 2 (City Hall - Council Chambers): So maybe we should just forward that same email to her with the hubby. It's already been done. Oh, it has been. Speaker 1 (City Hall - Council Chambers): But then we can add the Huvi request. Did it go? Did we know when did I left? Speaker 2 (City Hall - Council Chambers): that out.

Speaker 1 (City Hall - Council Chambers): the. Speaker 2 (City Hall - Council Chambers): That's a hobby. All right. Yeah. Speaker 2 (City Hall - Council Chambers): I mean, when was Parisi made acting relevant? Speaker 1 (City Hall - Council Chambers): Pretty quickly. We don't know immediately. Maybe she must have been. Speaker 1 (City Hall - Council Chambers): 4 months ago. Speaker 1 (City Hall - Council Chambers): At least. Speaker 1 (City Hall - Council Chambers): Because we haven't met, and… Now, the other. Okay. So if we don't get any reply or action. Speaker 1 (City Hall - Council Chambers): I would say in the next couple of weeks I would Speaker 1 (City Hall - Council Chambers): actually think this should be escalated a little bit to the mayor. The mayor. Yeah.

Speaker 1 (City Hall - Council Chambers): Yeah, that that would be all right, because you we know that you Speaker 1 (City Hall - Council Chambers): Had a staff change, and so on, but… Yeah. Speaker 1 (City Hall - Council Chambers): Nevertheless. Speaker 1 (City Hall - Council Chambers): And I think it's not something that… it's not, raka's responsibility. Speaker 1 (City Hall - Council Chambers): No, and that could be awkward for him. Yeah. So I have no problem with that. But that's I would like to make a I mean, this just is very frustrating. Yeah. Well, and it's for appointed by the mayor. Yeah. Speaker 2 (City Hall - Council Chambers): Oh, okay. So, on the hubby, is it going to be… we're requesting $25,000. The original 10 plus 15 more, or are we… yeah.

Speaker 1 (City Hall - Council Chambers): I think if they're, again, I'm hoping they're not being like a staff. Speaker 2 (City Hall - Council Chambers): Yeah. So it would be maybe $1,000 less than the total income. Speaker 2 (City Hall - Council Chambers): In total. Speaker 2 (City Hall - Council Chambers): That we would be requesting. Maybe it's not 25. It could, yeah. Speaker 1 (City Hall - Council Chambers): I know it. We requested 10. Speaker 2 (City Hall - Council Chambers): If in on June 30th there was 19,348, it's, you know, it's going to be 19,500. 15? Should we… Maybe we should make it a total of 15. All right. A total of 15. Speaker 1 (City Hall - Council Chambers): 15. Yeah. So, okay.

Speaker 1 (City Hall - Council Chambers): What we're trying to do is spend it down. So it's below 75,000. Speaker 1 (City Hall - Council Chambers): Oh. Speaker 1 (City Hall - Council Chambers): Supposed we could consult with Linda, but… Speaker 1 (City Hall - Council Chambers): but she won't have any more, because it's September 30th is now what would be the next, and it should be available any day, I would think. But Speaker 1 (City Hall - Council Chambers): Well, we can all always say we assume that there's been No disbursements reflective, so… Okay. Speaker 1 (City Hall - Council Chambers): Oh, let's see. Alright, upload. Speaker 1 (City Hall - Council Chambers): I think Rocco gave us a memo that, for number… item number 5 here.

Speaker 1 (City Hall - Council Chambers): Let's see. Speaker 1 (City Hall - Council Chambers): Yes, and we all have that. Right. Yeah. Speaker 2 (City Hall - Council Chambers): with three possible alternatives and his recommendation to combine with Hunter's fund. Speaker 1 (City Hall - Council Chambers): But then that also is not consistent with what he was saying. Speaker 1 (City Hall - Council Chambers): Last meeting. Speaker 1 (City Hall - Council Chambers): The last meeting, you said. Speaker 1 (City Hall - Council Chambers): The original thinking was that the Speaker 1 (City Hall - Council Chambers): Health Department or the Youth Prevention Team or potential recipients. Speaker 1 (City Hall - Council Chambers): If it was to go to the youth prevention team, perhaps this distribution could be combined with the Tufts Charity Fund.

Speaker 1 (City Hall - Council Chambers): which we haven't really gotten to. I don't think And but now he's saying.

Speaker 1 (City Hall - Council Chambers): Okay, so the recipient could actually Speaker 1 (City Hall - Council Chambers): Okay, have to be means testing services. Speaker 1 (City Hall - Council Chambers): And this is from the Attorney General. This is a new directive. Speaker 1 (City Hall - Council Chambers): Or do sense. Right. And so Lisa. Speaker 2 (City Hall - Council Chambers): Your item 5 focuses on Powers and Clough solely. Do we want to skip over Fernald for a minute and just look at what he said about Powers? If there basically is no action for Clough, let's continue to wait for the school committee's response. Margaret, there's no action required from the board on Margaret Powers. Speaker 2 (City Hall - Council Chambers): But I have an update. Dpw. As trustee will submit a petition.

Speaker 2 (City Hall - Council Chambers): So on those, if we stick to your agenda specifically, powers and club. Speaker 2 (City Hall - Council Chambers): I mean, maybe what we do for the minutes is just document what he said right here. Correct. Oh, that's it. Good idea. Speaker 1 (City Hall - Council Chambers): Yeah. Okay. Okay. Speaker 1 (City Hall - Council Chambers): Yeah, that would be appropriate, I think. Speaker 1 (City Hall - Council Chambers): Okay. And we all have already actually dealt with the Hovey Fund. Speaker 1 (City Hall - Council Chambers): No action other than an update on the current balance. Speaker 1 (City Hall - Council Chambers): But we haven't quite got that, so we're…

Speaker 1 (City Hall - Council Chambers): We're trying to bring it down below 75. Yeah. Speaker 1 (City Hall - Council Chambers): Okay.

Speaker 2 (City Hall - Council Chambers): Yeah, I mean, his recommendation on Margaret Irving is Speaker 2 (City Hall - Council Chambers): is to put the money toward youth anglers and the lobster crate race which we talked about at the end. Oh, yeah, the last meeting. Yeah. Speaker 2 (City Hall - Council Chambers): Well, I don't think we unanimous agreement from the city of Gloucester as the best way to promote youth competition. Speaker 2 (City Hall - Council Chambers): I. Speaker 1 (City Hall - Council Chambers): You know, we don't have a say in this now. I guess we go. Speaker 2 (City Hall - Council Chambers): because so who do I leave it. Speaker 1 (City Hall - Council Chambers): Dpw. It's a Dpw thing.

Speaker 2 (City Hall - Council Chambers): Well, this is on the powers. Speaker 2 (City Hall - Council Chambers): Oh, Speaker 2 (City Hall - Council Chambers): Yeah, they're the trustee. So I wonder what the action would be. So we say, okay, let's recommend you as angler in the. We don't do anything. We don't do anything. Who takes that to the Dpw. Rocco would be so. He would take that to the Dp. As a recommendation. Speaker 1 (City Hall - Council Chambers): And you can put that in the minutes. Yeah. Yeah. Speaker 1 (City Hall - Council Chambers): And then let us know if it's inappropriate. Speaker 1 (City Hall - Council Chambers): because it might be inappropriate, since wasn't it his son who was racing? Okay.

Speaker 1 (City Hall - Council Chambers): Yeah. Speaker 1 (City Hall - Council Chambers): I I don't think he has a conflict of interest. Speaker 2 (City Hall - Council Chambers): I don't think so either. Compared to what we read about in the news, it's very trivial. Speaker 1 (City Hall - Council Chambers): But this is the kind of stuff that gets- Right, right, right. Speaker 1 (City Hall - Council Chambers): I know. Speaker 1 (City Hall - Council Chambers): Okay, all right, let's see, we're… yeah, we're… Funds. Speaker 1 (City Hall - Council Chambers): Okay. Speaker 1 (City Hall - Council Chambers): So then we go to the thermal. Speaker 1 (City Hall - Council Chambers): Yeah. And this is the one that where it was going to benefit the poor of Aniswan. And in the past there had been disbursements.

Speaker 1 (City Hall - Council Chambers): That… benefited It was. They were sort of Speaker 1 (City Hall - Council Chambers): orchestrated by the, by the church in Anasquan. Oh, right. But that… but, you know, the minister knew of needy… a needy individual, so… but that was, like, 20 years ago. So nothing has happened in 20 years. Or 10 to 20, yeah. Speaker 1 (City Hall - Council Chambers): So I think But but the clear intent was poor. So means tested is something. Speaker 1 (City Hall - Council Chambers): The health department does not like it. Right. So I understand. I, I, so actually, but we're still doing it in Anasquan. No, no, we're not. We're taking, we don't have to. Okay. Speaker 2 (City Hall - Council Chambers): You're taking the geographic restriction out. Right. And…

Speaker 2 (City Hall - Council Chambers): the yeah, the geographic restrictions out. Yeah. Speaker 1 (City Hall - Council Chambers): So if we combine, what he's saying is combine this With the hundreds. Speaker 2 (City Hall - Council Chambers): That's his recommendation versus pathways and. Speaker 3 (City Hall - Council Chambers): Yeah. Speaker 1 (City Hall - Council Chambers): because again, pathways means tested programs. I mean, that could be awkward. Speaker 1 (City Hall - Council Chambers): I mean, I know they in general they have means tested. Speaker 1 (City Hall - Council Chambers): But they don't have… Really, but it's not the same. Speaker 1 (City Hall - Council Chambers): I don't think it's the same.

Speaker 2 (City Hall - Council Chambers): It's interesting because he says, under at the end of action, he says. Speaker 2 (City Hall - Council Chambers): The Huntress Fund disbursements must go the senior only. Speaker 2 (City Hall - Council Chambers): Whereas Action, which looks like it works to assist Gloucester residents on rental and mortgage assistance. Speaker 2 (City Hall - Council Chambers): goes to well, more towards Speaker 2 (City Hall - Council Chambers): What goes to scene goes to anybody of any age who needs rental and mortgage assistance. Right? Speaker 2 (City Hall - Council Chambers): So he does. He does recommend Speaker 2 (City Hall - Council Chambers): Combining with the huntress, but at the end of action.

Speaker 2 (City Hall - Council Chambers): Says, what you might think about… Yeah. Speaker 1 (City Hall - Council Chambers): Well, I agree with that. And I have a whole booklet from Action. Speaker 1 (City Hall - Council Chambers): And the housing authority. Speaker 2 (City Hall - Council Chambers): Making housing more affordable is a huge plus. Yeah. Speaker 1 (City Hall - Council Chambers): So I like his, I think his suggestions actually make sense. Yeah. The means testing is awkward. Is this what you're looking for? No. Speaker 3 (City Hall - Council Chambers): Oh, here it is. Speaker 2 (City Hall - Council Chambers): Oh, action. Yeah. Speaker 2 (City Hall - Council Chambers): Well, all 3 of these have means testing, I think.

Speaker 3 (City Hall - Council Chambers): Yes. Speaker 1 (City Hall - Council Chambers): Which action? Senior Center Housing Authority? Speaker 1 (City Hall - Council Chambers): Yeah, yeah. City Hall - Council Chambers: we. Speaker 2 (City Hall - Council Chambers): Well, by means testing, it's sort of like qualification testing. Right. Speaker 1 (City Hall - Council Chambers): Yeah, well, they, I mean, so here's Action does. Speaker 1 (City Hall - Council Chambers): adults 67 units of affordable housing are currently owned by action. Speaker 1 (City Hall - Council Chambers): Let's see. Okay, 3,395 local residents received help paying their heating bills.

Speaker 1 (City Hall - Council Chambers): They were, you know, housing units were improved across the state, whatever. Speaker 1 (City Hall - Council Chambers): Let's see. Speaker 1 (City Hall - Council Chambers): Okay, 4… yeah, this is quite… this is quite a… but I think they… Speaker 2 (City Hall - Council Chambers): Did you speak with them? Speaker 1 (City Hall - Council Chambers): Not directly. I spoke with Gail because I'm a little hesitant to. Speaker 1 (City Hall - Council Chambers): Probably. Speaker 1 (City Hall - Council Chambers): Oh, yeah. Yeah, unless we kind of know Speaker 1 (City Hall - Council Chambers): We haven't had a chance to review together the memo that Rocco just sent us.

Speaker 2 (City Hall - Council Chambers): Absolutely. But in terms of, you know, their quality, what their administration looks like to actually distribute these funds and what is their means testing and how thorough is it? Speaker 1 (City Hall - Council Chambers): Well, it's the… I think all of their… Speaker 1 (City Hall - Council Chambers): beneficiaries are means tested. But it's the then that's the elderly would be a separate category. Yeah, I mean, but they know their age. I mean, it's not like the Speaker 1 (City Hall - Council Chambers): You know, they don't know that. Yeah. So, Speaker 2 (City Hall - Council Chambers): where I think he took a few people off the street. Speaker 3 (City Hall - Council Chambers): Get them launched into their own.

Speaker 1 (City Hall - Council Chambers): But Gail was, I mean, in my earlier in our- She's a social worker, right? Yeah, retired. I mean, she's not there anymore, but she… Speaker 1 (City Hall - Council Chambers): Yeah, it's it's a lot of feet. Speaker 1 (City Hall - Council Chambers): discretionary almost like discretionary funds that they need in order to even keep their housing. improve their housing, or. Speaker 1 (City Hall - Council Chambers): You know, acquire it, so it's… Speaker 1 (City Hall - Council Chambers): And then the housing authority actually owns many of the units, and they have to keep Speaker 1 (City Hall - Council Chambers): Right? I think housing authority and action work

Speaker 1 (City Hall - Council Chambers): They all work together, and the senior center they, you know, try. And at the end of today, if they can't help one person, they go to one of the other agencies to see if they can work together. That's right. Help that person. Speaker 1 (City Hall - Council Chambers): and then senior care. I mean, I wasn't even different. But it's too big. It's yeah. It's umbrella reach is is more than what we we wanted to do. Local. Speaker 1 (City Hall - Council Chambers): Oh, yeah. Speaker 3 (City Hall - Council Chambers): So… Speaker 1 (City Hall - Council Chambers): Now here the housing authority. Speaker 1 (City Hall - Council Chambers): I have another booklet about them. Yeah, that's the one I got there.

Speaker 3 (City Hall - Council Chambers): Yeah. Speaker 1 (City Hall - Council Chambers): You know, they're all, great agencies, it seems like. Speaker 1 (City Hall - Council Chambers): And You know, the Senior Center. Speaker 1 (City Hall - Council Chambers): seems the most dialed into seniors. Well, because that's what that but not income has not income. That's the trouble. Speaker 2 (City Hall - Council Chambers): These guys, they started the tenant-based rental assistance program in 2003. Speaker 2 (City Hall - Council Chambers): That's action. This is action. Yeah, referring to action back to these guys. Speaker 2 (City Hall - Council Chambers): their. Speaker 3 (City Hall - Council Chambers): Harbor Village…

Speaker 2 (City Hall - Council Chambers): Which is affordable housing options. Speaker 2 (City Hall - Council Chambers): 2012 Housing First Program. Speaker 2 (City Hall - Council Chambers): model. Speaker 3 (City Hall - Council Chambers): So, for example, there's… Speaker 1 (City Hall - Council Chambers): They have a case manager. This is now the Gloucester Housing Authority. They have something called senior supportive housing. Speaker 1 (City Hall - Council Chambers): It's at Mcpherson Park, and it says. Speaker 1 (City Hall - Council Chambers): all of the The units are elderly. Speaker 1 (City Hall - Council Chambers): the… Speaker 1 (City Hall - Council Chambers): The program seeks to assist seniors to maintain their independence and age in place, and funds a full-time case manager to support residents' ability to thrive and remain independent.

Speaker 1 (City Hall - Council Chambers): And it's… I mean, that would be a… Speaker 1 (City Hall - Council Chambers): a very good use of funds. I mean something. Seniors only. Yes, and it's all low income, and it's housing. So that's the kind I mean that. Speaker 1 (City Hall - Council Chambers): Fulfills the… Speaker 2 (City Hall - Council Chambers): Right. But so does this action. Yeah, both of them. Action seems to be much more focused on affordable housing in general for all, which is Rocco's point in his note. Speaker 1 (City Hall - Council Chambers): Here, I have a draft RFP. Speaker 1 (City Hall - Council Chambers): Which… Speaks to… let's see, if… I was thinking… Speaker 1 (City Hall - Council Chambers): Oh, yeah, right. That this kind of an Rfp. Could be sent to both action right and to the Gloucester Housing authority.

Speaker 1 (City Hall - Council Chambers): and we could identify an amount from because the huntress income all income. Speaker 1 (City Hall - Council Chambers): Portions would fund both of these agencies. Speaker 2 (City Hall - Council Chambers): Yeah, I like your, I like the, you have an introduction on. Yeah, that's a good idea. Speaker 1 (City Hall - Council Chambers): Already had done. Speaker 2 (City Hall - Council Chambers): Yeah. And, I think that we do need to put some kind of a financial Speaker 2 (City Hall - Council Chambers): As you had suggested, you just left it XXX. If I didn't know what it was. Speaker 3 (City Hall - Council Chambers): Yeah. Speaker 2 (City Hall - Council Chambers): Probably give them some indication as to the amount of money we're talking about. Yeah.

Speaker 2 (City Hall - Council Chambers): Would be the only thing I would add to it. Speaker 2 (City Hall - Council Chambers): I mean, I like it. It's simple. Speaker 2 (City Hall - Council Chambers): Yeah. Speaker 2 (City Hall - Council Chambers): Says who we are. Speaker 2 (City Hall - Council Chambers): The nature of the funds, yeah, yeah, good, and how much, and we hear the hunters can only distribute. Speaker 2 (City Hall - Council Chambers): Income. Speaker 3 (City Hall - Council Chambers): Right. Speaker 1 (City Hall - Council Chambers): And hunters. And I think this is the sort of a decent amount that they could… Yeah. Speaker 1 (City Hall - Council Chambers): They could add a full-time case manager. They could do — For one year. Right. I know. A portion of a year. Yeah, I know. But still. I know.

Speaker 2 (City Hall - Council Chambers): So this is for… the interest income to date is $396. Do we… would we want to… Speaker 2 (City Hall - Council Chambers): dump all that interest income and then say on an annual basis, it's going to be 5% per year. Linda's managing it. Speaker 1 (City Hall - Council Chambers): I don't know. I think we need to understand a little bit the hunt, the huntress thing. I still don't quite understand. Speaker 1 (City Hall - Council Chambers): how it works. I know there's a small amount that's coming in Quarterly from this other bank. Speaker 1 (City Hall - Council Chambers): and I was very unsuccessful in finding out any more information. It's not very large, however, the amount.

Speaker 1 (City Hall - Council Chambers): So the other generating not, but not a lot. It's not. It's just not a lot. And then but the the Speaker 1 (City Hall - Council Chambers): I think the income part. Speaker 1 (City Hall - Council Chambers): these, the invested funds keep throwing off income. And that's what keeps adding to the income portion. Speaker 1 (City Hall - Council Chambers): but we still can't do anything yet with the principal, and we don't know if we want to. But let's see how this Speaker 1 (City Hall - Council Chambers): I would say this would be a good. Speaker 1 (City Hall - Council Chambers): Branch to to spend down the we have. We Speaker 1 (City Hall - Council Chambers): We think we have authority to.

Speaker 1 (City Hall - Council Chambers): Well, and then… Dispersed funds to the low-income. And then the thing about that, too, is it doesn't… we wouldn't say this up front, but it wouldn't necessarily be that it's just for one year, because there would be funds in the following year as well. Speaker 2 (City Hall - Council Chambers): Well, wait one second. There's a couple things here. The recommendation to combine it with the Hunter's Fund for the aged poor. Speaker 2 (City Hall - Council Chambers): Okay. That means that with that goes, Hunter's Fund would be probably… income only would be X number of dollars per year, would be an almost an annuity type of payment to which we would refer. If we did do the action thing, that would be the Fernald Fund itself.

Speaker 2 (City Hall - Council Chambers): And it would be a one-time payment of, like, $66,000, or what am I saying? Speaker 2 (City Hall - Council Chambers): a one-time payment of, what, $95,000. Speaker 1 (City Hall - Council Chambers): Falling out, he says. Speaker 2 (City Hall - Council Chambers): So they would get a one-time payment if we chose to go down the action route. Speaker 2 (City Hall - Council Chambers): They get a one-time payment for housing of 95,000 bucks. Speaker 2 (City Hall - Council Chambers): What can you do with 95,000 bucks? Speaker 2 (City Hall - Council Chambers): Wait a minute, who, who… So, so Rocco's suggestion, there's three options. One is to combine the Fernal with the Huntress, and then… How much is the Fernal, sorry. That's what I'm saying, the Fernal, if we were to go the action route, his third recommendation, which he says does have some benefit, because it reaches out to a broader range of people.

Speaker 2 (City Hall - Council Chambers): That would be the Fernal Fund per se, which has a balance of about $95,000. Speaker 2 (City Hall - Council Chambers): So if we do his 3rd recommendation. Speaker 2 (City Hall - Council Chambers): and and put it with action. Speaker 2 (City Hall - Council Chambers): to benefit. How is We're giving them a whopping $95,000 for housing. Speaker 2 (City Hall - Council Chambers): Is that of any real value? Speaker 2 (City Hall - Council Chambers): Versus sending it to… combining it with a hunter's fund and having it go to the aged poor on an annual type of annuity out of a hunter's fund might be more… a more powerful financial donation, is my thought. Speaker 2 (City Hall - Council Chambers): right? His 3rd 3rd one is go to action, and that's a that's a direct

Speaker 2 (City Hall - Council Chambers): disbursement of the of the hunt of the Fernal. Speaker 2 (City Hall - Council Chambers): Oh, I see. His first recommendation is combine the Fernald with the Huntress. Speaker 2 (City Hall - Council Chambers): And… and then go, and then use your RFP to go out to 3 different places. Speaker 2 (City Hall - Council Chambers): Right? But if we… if we did use his third recommendation and go to action, it's a… it's a direct disbursement to action, and it's $95,000. Speaker 2 (City Hall - Council Chambers): for for housing assistance. And is that really what kind of an impact does that really make? Speaker 2 (City Hall - Council Chambers): Well… You can't do jack with $95,000 in the World House of Kenya. Well…

Speaker 1 (City Hall - Council Chambers): And, but the thing, that's sort of why, and I, I know that you have to do means tested at the senior center, but whatever we do there will have an impact because it's such a small organization. Speaker 2 (City Hall - Council Chambers): If it's the senior center, and that would be his first recommendation, is to combine the Fernald with the Huntress and send out this RFP to the three organizations. Speaker 1 (City Hall - Council Chambers): Not the two. I don't know. Maybe not the senior center. And maybe that's because the senior center is an organization of the city. Speaker 2 (City Hall - Council Chambers): That strikes me as being a better use of the money, because it's some kind of a continuous income stream, which we'd have to decide. And it's not going to go to housing. Housing is a big nut.

Speaker 2 (City Hall - Council Chambers): And so it's got to be significant. The money amount of money provided has got to be significant enough Speaker 2 (City Hall - Council Chambers): to really make a difference, and I don't… I don't think sending it directly to Action for Housing gives them enough money to do anything. Whereas combining it, his first recommendation, combine the hunt… combine Fernal with Huntress. Speaker 2 (City Hall - Council Chambers): is a continuous stream of income that assists the aged poor either. Speaker 2 (City Hall - Council Chambers): Goodwasha Housing Authority, or wherever the only. Speaker 1 (City Hall - Council Chambers): issue with his Speaker 1 (City Hall - Council Chambers): Okay, so combine with huntress.

Speaker 1 (City Hall - Council Chambers): Right. Speaker 1 (City Hall - Council Chambers): It's a little contradictory to number 3, but I have a feeling that He's saying that that. Speaker 2 (City Hall - Council Chambers): Number 3 is send the Fernalds to action. Yeah. Send them $95,000 for housing. Speaker 2 (City Hall - Council Chambers): Yeah. Whereas number one says, take the 95 and put it with the 800,000 of the huntress, and give them a stream of income over time. Speaker 2 (City Hall - Council Chambers): You know, I, the agent port makes a lot more sense to me. I was talking to Larry. Speaker 1 (City Hall - Council Chambers): Mary Oaks about It's not really too specifically, he said. Speaker 1 (City Hall - Council Chambers): I'd be happy to talk to you about housing. So you know, maybe that would be helpful. It was like.

Speaker 1 (City Hall - Council Chambers): There's some stuff you need to know, but… Speaker 1 (City Hall - Council Chambers): Yeah, I understand. I get it. I know that. Yeah, I know. But so maybe that would be something for us to do to help us Speaker 1 (City Hall - Council Chambers): with this, I mean, it doesn't get us any further today. Well. Speaker 2 (City Hall - Council Chambers): I think we're gonna have to make a decision here. I agree, yeah. I think Rocco's recommendation is the best one. Yeah. That's my… Yeah. Number one. No, I'm one. It's because there's a lot of money, and it's going to be income-only over a period of time, which goes to whatever the discretionary uses is of… Speaker 2 (City Hall - Council Chambers): the the Senior Center, or wherever it's gonna go.

Speaker 2 (City Hall - Council Chambers): whereas the 3rd one going to action goes only for housing for a broad range of ages. Yes. Speaker 2 (City Hall - Council Chambers): But it's not much money for that purpose. Speaker 1 (City Hall - Council Chambers): Where is his first? Well, we have to wait on the attorney general's before we could even offer it. Well, that's right. In Huntress, we don't have to wait. We could go. Yeah. So, I mean… Speaker 1 (City Hall - Council Chambers): Well, then, let's say we're voting now on one of his recommendations, and I think I would probably support number one. Speaker 1 (City Hall - Council Chambers): Recommendation number one. Speaker 2 (City Hall - Council Chambers): Yeah, I would, make a motion… I mean, is it too early to do that? No, no, we're supposed to fill it out. Except, number one out of the three different options.

Speaker 2 (City Hall - Council Chambers): suggested by Rocco. Speaker 2 (City Hall - Council Chambers): All right. Speaker 2 (City Hall - Council Chambers): I support that. It seems like it's the best use of money. Speaker 1 (City Hall - Council Chambers): You is that unanimous? Or are you so? Yeah, I've been sitting on this. Speaker 2 (City Hall - Council Chambers): This… I… Speaker 1 (City Hall - Council Chambers): I'm fine with number one. I don't know that it's… Speaker 1 (City Hall - Council Chambers): impacting as much as I would like to see this amount of money impact because it's still a small amount of money. Speaker 2 (City Hall - Council Chambers): Yeah, but 95,000… well, my point being 95,000 going to housing.

Speaker 2 (City Hall - Council Chambers): It's not enough to make a real impact regardless of who gets it. No, I know, I agree. Is it going to be a game changer for somebody? Speaker 1 (City Hall - Council Chambers): Action, if we, if we start, if we start out by offering this RFP to Action and to the Housing Authority, then. Speaker 1 (City Hall - Council Chambers): we'll begin a dialogue, and I think, I mean, obviously, any money they can spend on seniors will save them money they might be spending on all ages, so it would help no matter what. I mean, I think. Speaker 1 (City Hall - Council Chambers): Absolutely combining it and and offering restriction when you start getting to for a small amount of a relatively small amount of money.

Speaker 1 (City Hall - Council Chambers): to introduce too many Requirements and variables that the recipients have to figure out is not. Speaker 1 (City Hall - Council Chambers): I don't know, I just think it's… Speaker 1 (City Hall - Council Chambers): Could end up… wind up complicating. Speaker 1 (City Hall - Council Chambers): things for for this commission in the future. Speaker 1 (City Hall - Council Chambers): because they'll say, Well, wait a minute is which fund is this is this, do we? Yeah. Speaker 1 (City Hall - Council Chambers): we already submitted a proposal. Now this is a different one, you know. It's it's like. Speaker 1 (City Hall - Council Chambers): Yes. Speaker 2 (City Hall - Council Chambers): I think this would… Maybe that's a way to satisfy your, consternation, is that we include Action, as one of the recipients of the RFP.

Speaker 2 (City Hall - Council Chambers): Yep. Speaker 1 (City Hall - Council Chambers): No, I mean, I don't… I, I, I… this is the… Speaker 4 (City Hall - Council Chambers): Yeah, this is the next thing. Yeah, right. Speaker 1 (City Hall - Council Chambers): Well, you are including action. I mean, that was what's being suggested. Speaker 2 (City Hall - Council Chambers): The housing authority. Is that it was going to be action in the housing authority. Okay. Speaker 1 (City Hall - Council Chambers): I mean, I. Speaker 1 (City Hall - Council Chambers): I guess that's fine. I I think Speaker 1 (City Hall - Council Chambers): they're both big, and that this amount of money without it being really targeted.

Speaker 1 (City Hall - Council Chambers): more acutely, Speaker 1 (City Hall - Council Chambers): doesn't make that much difference. But yeah, I don't think so, because they're the same organization, and anything that helps the whole overall organization would increase. It would help them people. Also, I think it's up to them to say. Speaker 1 (City Hall - Council Chambers): Five. Speaker 1 (City Hall - Council Chambers): who will benefit. In other words, they have to say what that's true, how they will do this. Speaker 1 (City Hall - Council Chambers): And how is it means tested? Yeah, yeah. Speaker 2 (City Hall - Council Chambers): Is that, do we have that in the… Speaker 2 (City Hall - Council Chambers): Their validation verification of means testing.

Speaker 2 (City Hall - Council Chambers): Do we wanna… You have your your bullets here. The organization's registered. Well, let's see. Speaker 2 (City Hall - Council Chambers): Please send us a brief proposal that includes a description of the programs or projects that will utilize these funds. Speaker 1 (City Hall - Council Chambers): At least 500. But we don't want Magnus open. No, no, no, no. Speaker 2 (City Hall - Council Chambers): Might be another worthwhile bullet on how do you. Speaker 3 (City Hall - Council Chambers): you know. Speaker 2 (City Hall - Council Chambers): How do you do means testing? Speaker 2 (City Hall - Council Chambers): That is an important ingredient, right? Speaker 1 (City Hall - Council Chambers): The whole mission of each of these organizations. We have the room booked at 1030. Just wondering, I didn't see that you guys had booked anything. Well, we did it at 930.

Speaker 2 (City Hall - Council Chambers): 9:30 to 10:30? No. Speaker 1 (City Hall - Council Chambers): I didn't say the end time. Yeah, we have 10:30. You're not booked on the calendar, unfortunately. We did it with Leo Leary. And we've been recording it and everything. Okay. So I don't know. Yeah, that's okay. I'm wondering if we can get it. Speaker 2 (City Hall - Council Chambers): I think Lee's got us on the calendar. Okay. Do you want me to shut this for you? Oh, thank you. Speaker 3 (City Hall - Council Chambers): It was confusing. Speaker 2 (City Hall - Council Chambers): There's only two of them, and look at this. Speaker 3 (City Hall - Council Chambers): No, some other council person.

Speaker 4 (City Hall - Council Chambers): What's that? Speaker 3 (City Hall - Council Chambers): Any name, they'll find it. Speaker 2 (City Hall - Council Chambers): Okay, so… Speaker 1 (City Hall - Council Chambers): I think part of their whole raison d'etre involves needs testing. In other words, if somebody is receiving assistance, it's not like they're… Speaker 1 (City Hall - Council Chambers): Yeah. Speaker 2 (City Hall - Council Chambers): So asking them to — how do they do their means testing could be like a 10,000-page dossier. Well — OK, maybe. Speaker 1 (City Hall - Council Chambers): How the project will be implemented and who will benefit should address. Yeah, I would think so. Speaker 1 (City Hall - Council Chambers): and I don't think we need to get worried about the means testing part.

Speaker 2 (City Hall - Council Chambers): Once it'll be implemented. Okay. And who will benefit? Speaker 2 (City Hall - Council Chambers): That's a project fits the mission. How the proposed project addresses housing needs. The Gloucester Housing Authority and action. Okay. Yeah. Speaker 1 (City Hall - Council Chambers): I mean, there was just this radio report this morning about Speaker 1 (City Hall - Council Chambers): people losing their young adults, losing their Medicaid. Speaker 1 (City Hall - Council Chambers): and they they would have to prove, you know, that they were Speaker 1 (City Hall - Council Chambers): low income and this and that and it says it's hard in the gig economy. Speaker 1 (City Hall - Council Chambers): You know, people… I mean, in other words, I'm… I don't want to introduce complications. Yeah, yeah.

Speaker 2 (City Hall - Council Chambers): Maybe, so you say components of the application. Speaker 2 (City Hall - Council Chambers): is, are we looking for? Is this a components of their proposal should include? Is that a better way to say it? Speaker 2 (City Hall - Council Chambers): Sure. Speaker 3 (City Hall - Council Chambers): You could… Because they're not really… Speaker 2 (City Hall - Council Chambers): Yeah, maybe… and then the first… the first one is a statement that it's registered. Speaker 2 (City Hall - Council Chambers): Maybe it ought to be a question. Is the organization a registered 501c3? Speaker 4 (City Hall - Council Chambers): proposal. Speaker 2 (City Hall - Council Chambers): of your proposal.

Speaker 1 (City Hall - Council Chambers): We have to run this by Rocco again. Speaker 3 (City Hall - Council Chambers): Okay. Speaker 4 (City Hall - Council Chambers): No, I don't think so. No. Speaker 2 (City Hall - Council Chambers): Did he… did he approve of this? Speaker 2 (City Hall - Council Chambers): I don't think so. Speaker 4 (City Hall - Council Chambers): Okay. Speaker 1 (City Hall - Council Chambers): Okay. Somehow the organization is a Renault security or. Speaker 2 (City Hall - Council Chambers): Do we already know that both of them are registered 501c3s? Well… Speaker 1 (City Hall - Council Chambers): Action probably is the… Housing authority may not be. I'm not sure that they have to be, actually.

Speaker 2 (City Hall - Council Chambers): Maybe I don't think it… Speaker 1 (City Hall - Council Chambers): I think we can take this out. Right. You're right. Speaker 4 (City Hall - Council Chambers): Okay. Speaker 2 (City Hall - Council Chambers): Yeah, but the components of your application, your proposal should include. Speaker 3 (City Hall - Council Chambers): project. Speaker 2 (City Hall - Council Chambers): budget. Speaker 2 (City Hall - Council Chambers): So project budget between 50 and 80,000. Speaker 2 (City Hall - Council Chambers): That's a statement. Who will oversee the project? Speaker 2 (City Hall - Council Chambers): Okay, what's the project budget between 50 and 80? Is that what the income stream would be if we this is going to be for the combined.

Speaker 1 (City Hall - Council Chambers): Oh, no, I just ballparked it because I thought this would be our first foray. Oh, absolutely. Yeah. Speaker 2 (City Hall - Council Chambers): So that's that's what we were saying is having something, maybe upfront saying, we are looking at Speaker 2 (City Hall - Council Chambers): A disbursement of between $50,000 and $80,000 a year. Speaker 2 (City Hall - Council Chambers): Is that the is that rather than putting it down here in their proposal should include Speaker 2 (City Hall - Council Chambers): We want to tell them that they are looking at, as we'll see… Speaker 1 (City Hall - Council Chambers): No, no, I think we need some financial clarity before we can.

Speaker 2 (City Hall - Council Chambers): So maybe we put the financials up front and take it out of the bulleted, you know, because you're saying your proposal could include Speaker 2 (City Hall - Council Chambers): And then we say, project budget. Speaker 1 (City Hall - Council Chambers): Well, I don't know. I think this is. Do we want? Speaker 2 (City Hall - Council Chambers): Well, I'm saying, rather than put it down here, shouldn't it be upfront that you should be planning on receipt… you would be receiving… a recipient of this will be receiving X number of dollars. We have to get X Speaker 2 (City Hall - Council Chambers): determined by Linda, whoever the proper authorities are. Speaker 2 (City Hall - Council Chambers): But don't we want to just say.

Speaker 2 (City Hall - Council Chambers): that you are apply. You are proposing to be the recipient. Speaker 2 (City Hall - Council Chambers): of 50 to $80,000 a year. Speaker 1 (City Hall - Council Chambers): Is that… isn't that what we're saying? Speaker 1 (City Hall - Council Chambers): It's not saying annually. We're saying, okay, wait a minute. Speaker 1 (City Hall - Council Chambers): So this isn't. It's a 1 year. Okay, they need. They'll ask, what? How? What time period are we talking about? And I think. Speaker 1 (City Hall - Council Chambers): Actually. Speaker 2 (City Hall - Council Chambers): Huntress. Speaker 1 (City Hall - Council Chambers): could. Speaker 2 (City Hall - Council Chambers): It doesn't matter. Annuity annually of 50 to $80,000 a year. No, no, no, but we don't.

Speaker 1 (City Hall - Council Chambers): Maybe. I mean, I… let's… I just… Speaker 2 (City Hall - Council Chambers): What period, yeah? Speaker 1 (City Hall - Council Chambers): My thought was, let's see what they come up with. Speaker 1 (City Hall - Council Chambers): Duration. I… they can determine the duration. They might want They might… Speaker 1 (City Hall - Council Chambers): Well, they'll probably… there'll be some back and forth. Speaker 2 (City Hall - Council Chambers): Yeah, but we can't, we have to tell them the amount of money that we're talking about because we know what the balance is in the bank. We need Linda to tell us, maybe count on an annual 3% per year. Speaker 4 (City Hall - Council Chambers): think.

Speaker 1 (City Hall - Council Chambers): go there. Speaker 2 (City Hall - Council Chambers): I don't know how much money we're talking about, but we're talking about $50. Speaker 1 (City Hall - Council Chambers): $80,000. Speaker 2 (City Hall - Council Chambers): Where'd you get that number? Where'd you get that number? Speaker 1 (City Hall - Council Chambers): That's what the spreadsheet. Speaker 4 (City Hall - Council Chambers): are saying. Speaker 2 (City Hall - Council Chambers): the spreadsheet saying that. No, they're not. Speaker 1 (City Hall - Council Chambers): I'm. Speaker 2 (City Hall - Council Chambers): I'm just, I'm kind of wondering, because it seems to me we're talking about an annuity off of a very.

Speaker 1 (City Hall - Council Chambers): No, no, no. We're not talking about an annuity. We're not. No. Speaker 2 (City Hall - Council Chambers): It's a $900,000 cost. Speaker 1 (City Hall - Council Chambers): Principal balance. Speaker 1 (City Hall - Council Chambers): And the, I'm talking about the hunters. The hunters, right. Speaker 2 (City Hall - Council Chambers): and if we combine it with a fernal, it'll be over a million dollars. Speaker 2 (City Hall - Council Chambers): So it's $888,000. Speaker 1 (City Hall - Council Chambers): Balance is is less than 400,000. Speaker 1 (City Hall - Council Chambers): Right. Today. Speaker 1 (City Hall - Council Chambers): That's right. Speaker 2 (City Hall - Council Chambers): So… So, are we talking about a one-time…

Speaker 2 (City Hall - Council Chambers): We're talking about the annuity equivalent of X number of dollars per year. Speaker 1 (City Hall - Council Chambers): Right now, we're saying, show us what you will do with this project and how it will benefit, blah, blah. Speaker 2 (City Hall - Council Chambers): Oh, show us, don't we need to tell them how much money we're talking about? Speaker 2 (City Hall - Council Chambers): I mean, this whole thing is about, we're going to give you money, we're going to give you X number of dollars, tell us how you're going to use it. Speaker 1 (City Hall - Council Chambers): We would like to see what their reply is. But to what? Speaker 2 (City Hall - Council Chambers): To the RFP. But the RFP, don't we need to tell them the amount of money we're talking about? We're talking about…

Speaker 1 (City Hall - Council Chambers): 50-80. Speaker 2 (City Hall - Council Chambers): But I'm questioning what's the basis for that? Is that 50 to 80,000 one time? This says a one-time payment of 50 to 80,000. Speaker 1 (City Hall - Council Chambers): Okay, this is a good question. I think we need to have a time period here. So for example, January through December. Oh, is it 50 to 80? Speaker 2 (City Hall - Council Chambers): Per year for 10 years. Speaker 2 (City Hall - Council Chambers): No. Speaker 1 (City Hall - Council Chambers): I'm not making any obligation for 10 years. Speaker 2 (City Hall - Council Chambers): I'm just opening this to the discussion. Speaker 1 (City Hall - Council Chambers): for this amount of money because we want to see what happens. That's a long time. We don't know what.

Speaker 4 (City Hall - Council Chambers): We don't have, we don't have the ability. Speaker 1 (City Hall - Council Chambers): We need to monitor. We we don't really. OK. What all I can see from this. Speaker 1 (City Hall - Council Chambers): Okay, they moved the meeting. They moved it somewhere else. Speaker 2 (City Hall - Council Chambers): There was a meeting. Are you coming to a meeting here at 10:30? Okay, perfect. Speaker 3 (City Hall - Council Chambers): license, please. Speaker 1 (City Hall - Council Chambers): Clerk, City Clerk. Clerk office. City Hall - Council Chambers: Do we want to talk to the board? Well, they… Speaker 2 (City Hall - Council Chambers): Because we're starting to talk about money here.

Speaker 2 (City Hall - Council Chambers): Yeah. Speaker 1 (City Hall - Council Chambers): I, I would… Speaker 1 (City Hall - Council Chambers): I mean the only thing that what I'm realizing. Okay, that all of these questions they would ask, well, is this a 1,000 thing? Speaker 4 (City Hall - Council Chambers): We have to… Speaker 2 (City Hall - Council Chambers): Why don't we save them the agony of asking that question? Speaker 1 (City Hall - Council Chambers): Yes. Why don't we put it right up front? So it could be a project annual. Speaker 1 (City Hall - Council Chambers): One year project budget. No, no. Speaker 1 (City Hall - Council Chambers): The Hunter's Fund. Speaker 1 (City Hall - Council Chambers): You know, we don't want to say grant is,

Speaker 1 (City Hall - Council Chambers): It's not. It's not. Let's say the total value. Speaker 2 (City Hall - Council Chambers): The Hunter's Fund is almost nine. We're not going to say that. Speaker 3 (City Hall - Council Chambers): nevermind. Speaker 2 (City Hall - Council Chambers): We don't need to tell them that. Let's use as a working group. Right. 900,000. And then we add the Fernald to that, which is another 100,000. We're talking about $1,000,000 of principal. Speaker 2 (City Hall - Council Chambers): And then now we're talking about the 95. No, I'm just saying the Huntress Fund has a million dollars. Huntress plus Farrell is a million dollars. Speaker 1 (City Hall - Council Chambers): I think it's.

Speaker 2 (City Hall - Council Chambers): It's 95 plus 888. Speaker 1 (City Hall - Council Chambers): But that's principle and principle. Speaker 2 (City Hall - Council Chambers): That's the size of the fund. And so the question is, we can only use the interest. The income. We can only use the interest or the income piece of it. How do we want to distribute that is my question. Speaker 2 (City Hall - Council Chambers): Okay. And we should put that in the body of the RFP that we are talking about. And we're talking about X number of dollars per year over X number, Y numbers of years. How would you use this money? Okay. Speaker 1 (City Hall - Council Chambers): We can't do that. Why can't we? We don't know what the market is going to be, we're not…

Speaker 2 (City Hall - Council Chambers): Well, we would make it very conservative. You advertise the same thing that Schwab does, 3% per year on a million dollars. Okay, I- $30,000. Speaker 1 (City Hall - Council Chambers): The only reason I would be reluctant to do this is that in the past, there's been no… Speaker 1 (City Hall - Council Chambers): Disbursement that has any any of those conditions or. Speaker 1 (City Hall - Council Chambers): Features. Speaker 1 (City Hall - Council Chambers): attached. It was always a 1 time distribution for a specific kind of project, and I clearly agree with you, except, on the other hand, I think. Speaker 1 (City Hall - Council Chambers): What our mission really has been is to spend everything down and be done.

Speaker 2 (City Hall - Council Chambers): This one, you can't spend it down. All you can do is tap off of the income. Speaker 1 (City Hall - Council Chambers): it unless it Rocco becomes a Rocco thing with the AG. Speaker 1 (City Hall - Council Chambers): Yeah, I think we really. Speaker 2 (City Hall - Council Chambers): I think we really need Linda and Rocco here to conclude this conversation. Yeah, well, Linda won't be able to. Speaker 1 (City Hall - Council Chambers): No, I think this is different, though. We do have the authority to Speaker 1 (City Hall - Council Chambers): Make a disbursement from the income. Speaker 1 (City Hall - Council Chambers): And for the purpose of helping the low-income elderly

Speaker 1 (City Hall - Council Chambers): to keep their homes or have a home or support, get it renovated in whatever way they care and housing. Speaker 1 (City Hall - Council Chambers): So We know that each of these agencies is… Speaker 1 (City Hall - Council Chambers): Doing has a lot of programs that do this. Speaker 1 (City Hall - Council Chambers): But I think what we're asking for with this dialogue, and we may need to have a dialogue once we I think we would and and then we should probably add. Speaker 2 (City Hall - Council Chambers): So you want to just make… so we do need a time period on this, so you're just saying, we have $396,000 in income sitting there today. Speaker 2 (City Hall - Council Chambers): And you're saying we… you want to do… well, no, I'm not talking about… I'm just talking. Hear me out, hear me out. We have a $400,000 in income today. We… do we want to give… we want to… you're saying give them 50… assume $50,000 to $80,000 of that.

Speaker 2 (City Hall - Council Chambers): Is what we're talking about for one year. Speaker 1 (City Hall - Council Chambers): That's what I would think. Yes. Speaker 1 (City Hall - Council Chambers): So it's gonna be… Speaker 3 (City Hall - Council Chambers): Stay there. Speaker 2 (City Hall - Council Chambers): Yeah, so it's maybe 7% of the total. Speaker 2 (City Hall - Council Chambers): We. Speaker 3 (City Hall - Council Chambers): given. Speaker 2 (City Hall - Council Chambers): 5-7% of the total. Speaker 2 (City Hall - Council Chambers): And so that's… why… why not give them… why not give them $100,000? Speaker 2 (City Hall - Council Chambers): Want to give them 25% of the current interest income.

Speaker 2 (City Hall - Council Chambers): Yeah, sitting in that fund. Each. Well, this is… this isn't… oh, is there going to be two recipients? Yes. Oh, I thought we were going to be giving it to one of them. Speaker 1 (City Hall - Council Chambers): You're talking about sending it to both? Yeah. Speaker 1 (City Hall - Council Chambers): Then why are we requesting an RFP? Well, I guess just to tell us exactly. I mean, if we're we're not requesting an RFP, we're issuing an RFP. Speaker 2 (City Hall - Council Chambers): Request for a proposal. Yeah. So that doesn't necessarily mean that it's competitive. In my world, it's always been competitive. Yeah. Speaker 3 (City Hall - Council Chambers): Oh, okay.

Speaker 2 (City Hall - Council Chambers): But, you know, maybe it isn't. Speaker 1 (City Hall - Council Chambers): But I mean, that's what I understand it being. Now, what does the city call their new request for the lot down there that, you know, the big parking lot they're accepting, but it's not RFP, it's something like an E something, something. An RFI or a RFI. Speaker 3 (City Hall - Council Chambers): a. Speaker 2 (City Hall - Council Chambers): But, well, we're not calling it anything. It doesn't matter. What are we calling it here? They, you're just requesting a proposal. Right. Let's not. Speaker 1 (City Hall - Council Chambers): With an annual budget, why don't we do that? Yes, and the budget…

Speaker 1 (City Hall - Council Chambers): Is it implied when you read project budget between 50 and 80 Speaker 1 (City Hall - Council Chambers): That they give us a budget. Speaker 1 (City Hall - Council Chambers): you know, in just an overall, not in the weeds again, but yes, that would be my understanding. So you're asking… Speaker 2 (City Hall - Council Chambers): So that is… so one of the things in their proposal is provide a project budget. Speaker 2 (City Hall - Council Chambers): for the use of 50 to $80,000, and we'll put annual. Speaker 1 (City Hall - Council Chambers): Now they'll ask, they'll ask, is that a calendar year or it's an, it's 12 months. It doesn't, whatever they want. Right. It doesn't matter to us. Right.

Speaker 2 (City Hall - Council Chambers): Well, yeah. I mean, so, 50 to 80… I don't know how rapidly the growth of that income has, you know, how long has it taken it to go to $396,000? I wonder what the interest rate on that nearly a million dollars is. But it's just a one-time… Speaker 1 (City Hall - Council Chambers): gift. Speaker 1 (City Hall - Council Chambers): Yeah, a disbursement. That's what we're calling it. And I Speaker 1 (City Hall - Council Chambers): I mean, I… I don't… we haven't done this before on this. Speaker 1 (City Hall - Council Chambers): scale. So I would Speaker 1 (City Hall - Council Chambers): like to see what they come back with, and then at one of our subsequent meetings, we could say, well. if it goes well, let's.

Speaker 1 (City Hall - Council Chambers): How long, if, you know, this is a project that obviously should continue for Speaker 1 (City Hall - Council Chambers): 3, 4, 5 years, how much money do we have? Could we support it? Right. The thing that I wish that we could have done is have something that would have been a little bit innovative. I mean, this has just gone into their pot of funds. Yes, of course. And they would just rework whatever they were doing and come back. Speaker 1 (City Hall - Council Chambers): But we're talking about something that is not a lot of. It's not a lot of effort on their part. Speaker 1 (City Hall - Council Chambers): It does benefit the programs. It does right. And I suspect they're all gonna have a

Speaker 1 (City Hall - Council Chambers): decline in in various funds that they've been accustomed to receiving. So. Speaker 2 (City Hall - Council Chambers): The money thing gets… just gets kind of… it gets confusing as to what we're… we're asking them for… Speaker 2 (City Hall - Council Chambers): What is… what's… define the scope of… of a project. It's almost like you do want to ask them. Speaker 2 (City Hall - Council Chambers): Define a project that is really on your A-list, or two, and what do you need to fund it? Speaker 1 (City Hall - Council Chambers): I think they have the programs. I mean, they already are doing this. All they need to do is say, with this amount of money, we could benefit these kinds of individuals. They might even restrict it to a certain place. They know what to say. They know what to say. Of course they do.

Speaker 2 (City Hall - Council Chambers): Well, they say, yes, we're saying we're talking about how the proposed project. Speaker 2 (City Hall - Council Chambers): addresses the needs. Speaker 2 (City Hall - Council Chambers): how the project Speaker 2 (City Hall - Council Chambers): will be implemented, how the project fits the mission. What is that? So what is the project? Can be anything they. Speaker 1 (City Hall - Council Chambers): want it to be. They can… in other words, it's, it's, Do we want to say what the… do we want to add one bullet point and just add… What is the project? Discuss the project. Yeah, what… Speaker 2 (City Hall - Council Chambers): What project? Speaker 2 (City Hall - Council Chambers): Are you looking to fund?

Speaker 1 (City Hall - Council Chambers): Well, the housing needs, I mean, for the elderly, we already give them all the information upfront. Speaker 2 (City Hall - Council Chambers): Yeah, but we're asking them, we're requesting a proposal to support the mission of low income elderly residents. Speaker 2 (City Hall - Council Chambers): To keep housing. To acquire or keep. Acquire or keep housing. Yeah. Speaker 3 (City Hall - Council Chambers): want to leave it that far. Speaker 1 (City Hall - Council Chambers): Yes, because it often it's the it's it's these discretionary funds. Speaker 1 (City Hall - Council Chambers): that they need to, you know. Do 1st month rent, and all of this, or a match for what about furnishing? What about improvements? What about a case manager? What about you know.

Speaker 2 (City Hall - Council Chambers): I think we need to ask them, what is the project? Speaker 1 (City Hall - Council Chambers): You say that because I mean, well, maybe we do need that. But it says, please send us a brief proposal that includes a description of the program or project. That's right. Speaker 2 (City Hall - Council Chambers): That will utilize these funds. Okay, you do ask for it. You do ask for it there. Okay, you do ask for it there. All right. Yeah. Speaker 2 (City Hall - Council Chambers): All right, and so then we're… Speaker 3 (City Hall - Council Chambers): Okay. Speaker 2 (City Hall - Council Chambers): So we should… that fifth bullet ought to say, assume a project budget of between 50 and 80 per year for X years.

Speaker 1 (City Hall - Council Chambers): I would say… no, just say annual project budget. Speaker 2 (City Hall - Council Chambers): Cleaned assume an annual project budget. Speaker 1 (City Hall - Council Chambers): I assume. What is that? I mean, I think that. Well, as part of as part of their proposal. Speaker 1 (City Hall - Council Chambers): Well, no, they're proposing a discrete project of how they would use this money, and they would. They need a time period for the budget. So. Speaker 1 (City Hall - Council Chambers): We'll add that. Speaker 4 (City Hall - Council Chambers): For one year? Yeah, one year. Speaker 1 (City Hall - Council Chambers): here. Speaker 1 (City Hall - Council Chambers): Because that will give.

Speaker 1 (City Hall - Council Chambers): Now, the only thing missing is… Speaker 2 (City Hall - Council Chambers): A long time before we… I mean, what we're trying to do is… Speaker 1 (City Hall - Council Chambers): In other words, what if we got a six month report? Speaker 1 (City Hall - Council Chambers): or yeah, something like that. A 6, because then we could decide at one at our next meeting. I mean, then things could change with Speaker 1 (City Hall - Council Chambers): you know, Rocco could say in in another 6 months he could say, well, now we're ready to go Speaker 1 (City Hall - Council Chambers): before the Ag. And authorize the Speaker 1 (City Hall - Council Chambers): you know, dissolution of the Huntress Funds.

Speaker 2 (City Hall - Council Chambers): So what I'm trying to get at is we'll keep coming back every year and trying to figure out how are we going to get rid of all of this, you know, how are we going to put this money into the hands of needy people? If we do a one-time $50,000 to $80,000, we have $400,000 of interest income now. Yeah, but then… Speaker 1 (City Hall - Council Chambers): And we still have the printable. Speaker 2 (City Hall - Council Chambers): Yeah. And you, and what you want to do is you want to put, don't we want to set up some kind of a program where every year for X number of years it spends off the interest income? Yeah. City Hall - Council Chambers: Okay. Speaker 3 (City Hall - Council Chambers): Well, then why and why not?

Speaker 1 (City Hall - Council Chambers): because we don't know whether we can dissolve the entire fund. Speaker 1 (City Hall - Council Chambers): through a petition to the Ag office, and if we do that we will already know a lot about these 2 agencies if they have been used, you know, using the money successfully. Speaker 1 (City Hall - Council Chambers): Or in a way that we… deemed successful You know, beneficial to… Speaker 1 (City Hall - Council Chambers): the target population, we will know a lot. We will have a lot more information, and we could put that into a new petition for the Attorney General's office in another year or 2 to dissolve this fund. Speaker 1 (City Hall - Council Chambers): in which case we would have accomplished our overall mission.

Speaker 2 (City Hall - Council Chambers): a conversation with Rocco as to, you know, what… I'm just saying, picture this, we have a… between the Fernals and the Hunters, we have a million dollars. Speaker 2 (City Hall - Council Chambers): Order of magnitude. Yeah, but it's… Which earns… it earns something. Speaker 2 (City Hall - Council Chambers): 2 or 3%. And we have 400 that's ready to spend now. If all we do is, say, assume you have a project budget of 50 to 80 for one year. Speaker 2 (City Hall - Council Chambers): We're gonna be meeting on this every year for the next, Speaker 1 (City Hall - Council Chambers): No, that's… you're assuming a lot. I don't want to be meeting every year. Speaker 2 (City Hall - Council Chambers): Well, I'm just saying, how are we ever going to make good use of this money if all we do is give 50 to 80 of it?

Speaker 1 (City Hall - Council Chambers): If we ask for a report, we will have a lot more material. Speaker 1 (City Hall - Council Chambers): for an ag proposal. Speaker 1 (City Hall - Council Chambers): in the coming year for the Huntress Fund. Speaker 1 (City Hall - Council Chambers): because we're not equipped. I don't have no desire to keep meeting year after year. Speaker 2 (City Hall - Council Chambers): But if all we do is give a one-time gift of 50 to 80, we still have another $300,000 in interest income that's sitting there now that we want to get rid of. Plus a million dollars in principal. Speaker 1 (City Hall - Council Chambers): Yeah. Speaker 1 (City Hall - Council Chambers): It's… I think we're… it's… it's a lot less than you think, so, I mean.

Speaker 1 (City Hall - Council Chambers): And, and then if we… are able to Use the principle. Speaker 1 (City Hall - Council Chambers): But that requires something more with the attorney. Right? And when we meet with them at 6 months or whatever, and they say, this has done this and this and this. Speaker 1 (City Hall - Council Chambers): and it'll be in general terms again, because we're not asking them to define the number of people necessarily, or the number of Speaker 1 (City Hall - Council Chambers): they but they will be. I'm just thinking out loud. They will be able to say we've Speaker 1 (City Hall - Council Chambers): decreased homelessness by. Speaker 4 (City Hall - Council Chambers): or whatever.

Speaker 1 (City Hall - Council Chambers): Yeah, but we're not asking for that. But my point is, at 6 months, when we meet with them, what do we want to know? What do we want? All right, so we will… we have to put that in the proposal, that there will be a report. Speaker 1 (City Hall - Council Chambers): A 6 month. Speaker 1 (City Hall - Council Chambers): I would just say progress report or yeah. Speaker 1 (City Hall - Council Chambers): But at a year end. Speaker 1 (City Hall - Council Chambers): Yeah. Speaker 1 (City Hall - Council Chambers): Should can we do that? We we may not have to. Speaker 1 (City Hall - Council Chambers): I mean, we may not have to state that here. Speaker 1 (City Hall - Council Chambers): but we could. I think I think so of of status of disbursement or earlier. Wait a minute. Yeah.

Speaker 1 (City Hall - Council Chambers): Provisions for a 6 month. Speaker 1 (City Hall - Council Chambers): But I'm trying to think about what they're going to tell us. Speaker 2 (City Hall - Council Chambers): you really want to have meetings with them to ask them how they're spending the money? Report. Speaker 4 (City Hall - Council Chambers): Oh, yeah, okay, I'm recording. Speaker 2 (City Hall - Council Chambers): The written report. The progress report. Progress report. Speaker 2 (City Hall - Council Chambers): Should we just say… I suppose accountability is important, yeah. Yeah. Speaker 2 (City Hall - Council Chambers): Umm. Speaker 1 (City Hall - Council Chambers): Project recipient will be required to submit a 6 month and end of year report. Yeah.

Speaker 4 (City Hall - Council Chambers): six months. Speaker 4 (City Hall - Council Chambers): Well… Speaker 1 (City Hall - Council Chambers): Okay. I don't care. I mean, I do care. Usually it's annual, but… An annual report. Speaker 2 (City Hall - Council Chambers): Annual report's gonna be plenty. Speaker 1 (City Hall - Council Chambers): Just say annual. Annual progress. Speaker 2 (City Hall - Council Chambers): report. Yeah. Speaker 1 (City Hall - Council Chambers): Also, if they'll they'll want to know, could we? You know, is there more money available? In other words, they'll they'll give it. They will want Speaker 1 (City Hall - Council Chambers): To give us some kind of feedback. Speaker 1 (City Hall - Council Chambers): pretty, and at 6 months we'll be able to give them some more hopefully.

Speaker 1 (City Hall - Council Chambers): update on that question. Answer to that question. Yeah. So should we say 6 month and annual, or just Speaker 1 (City Hall - Council Chambers): Annual. Speaker 2 (City Hall - Council Chambers): Submission of annual. I just, annual report ought to be at year end. Yeah, so, but then year end annual report. The year. Speaker 1 (City Hall - Council Chambers): The year's over, and if we don't like it, it's too late to… Right. So, I would just say, it's not… it will not be a burden on them to do a six-month report. Okay. Speaker 2 (City Hall - Council Chambers): If it's only going to be a one-time disbursement, how about just an end of project report? Speaker 1 (City Hall - Council Chambers): I think for us it's too late. It could be the beginning of a great relationship. Well, but we'll know more about whether we can

Speaker 1 (City Hall - Council Chambers): You don't give the entire income amount, or we have to — but then what happens to the rest of the fund? It's still sitting there under the purview of the commissioners of trust funds. Speaker 1 (City Hall - Council Chambers): Which… Speaker 4 (City Hall - Council Chambers): You know. Speaker 1 (City Hall - Council Chambers): So then what? Speaker 1 (City Hall - Council Chambers): We still might want to dissolve the fund right? So it's 6 months. If we get a report from them, it will help us determine our next steps with the fund. Speaker 4 (City Hall - Council Chambers): That's right. Speaker 2 (City Hall - Council Chambers): Maybe we should indicate here that there may be more potential in the downstream years for additional funding. No, no, not 'cause.

Speaker 1 (City Hall - Council Chambers): That's like bathing for no reason. I mean, we don't know. We don't know. Speaker 1 (City Hall - Council Chambers): We probably yes. Speaker 2 (City Hall - Council Chambers): Yeah. I just… it seems like we're using… I guess… Speaker 2 (City Hall - Council Chambers): It's such an insignificant amount of the total that we're putting into this thing. Speaker 2 (City Hall - Council Chambers): No, it's not. Speaker 1 (City Hall - Council Chambers): not. Speaker 2 (City Hall - Council Chambers): $50,000, there's 400… No, no, no, if we… Speaker 1 (City Hall - Council Chambers): 80 plus 80 is 160. Where's the 80 plus? Speaker 2 (City Hall - Council Chambers): What does that mean?

Speaker 1 (City Hall - Council Chambers): organizations. Well, you should give us a proposal. Speaker 2 (City Hall - Council Chambers): So 100, okay, that's right, this is to two different organizations. So it's 100 to 160. Speaker 1 (City Hall - Council Chambers): Getting close to the half of the current income. Speaker 2 (City Hall - Council Chambers): That's right. I was thinking, I'm thinking of a competitive thing. One guy, one organization comes forward and wins, but okay. No, no, no. I think we'll. Speaker 1 (City Hall - Council Chambers): We'll send one to each. Speaker 2 (City Hall - Council Chambers): Okay. Speaker 3 (City Hall - Council Chambers): Excuse me. Speaker 1 (City Hall - Council Chambers): I think I would send it, send this,

Speaker 1 (City Hall - Council Chambers): letter… see, I think the proceed… okay, just a minute. 6 months and end of year. Speaker 1 (City Hall - Council Chambers): and and annual. Speaker 1 (City Hall - Council Chambers): There. Speaker 2 (City Hall - Council Chambers): So, but what I don't- Implies a- Possible. Possible extension. Speaker 1 (City Hall - Council Chambers): Yeah. Or new funding, yeah. Speaker 1 (City Hall - Council Chambers): Which is fine. I think that… Speaker 1 (City Hall - Council Chambers): So, when they give their report, they're not going to say, well, it benefited 50 people, or nothing like that. But, so, when they give their report… They might. Well, maybe. Why not? Because I think this will be a portion… well, and then they can percentage it out. It'll be… so…

Speaker 1 (City Hall - Council Chambers): A specific project which we're gonna fund really costs I don't know, 800,000, but We're 10% of that. Speaker 1 (City Hall - Council Chambers): They'll just say, well, the whole project Speaker 1 (City Hall - Council Chambers): Helps 10 people, this will help one person, you know. Speaker 1 (City Hall - Council Chambers): Do you… which… Right? Because what else are they going to report on? Speaker 1 (City Hall - Council Chambers): Now I'm just thinking about How this money will be helpful, how it will not be helpful, but… Speaker 1 (City Hall - Council Chambers): We already know. I don't even. I'm not sure I understand your maybe not your face. You do not. I don't, because we already know that these 2 organizations which

Speaker 1 (City Hall - Council Chambers): are closely allied with each other and with the city of Gloucester are helping Speaker 1 (City Hall - Council Chambers): the population we want to assist. Speaker 1 (City Hall - Council Chambers): So, it's up to them to… to… Speaker 1 (City Hall - Council Chambers): to read the they have grant writers, and then I'll figure it out. I know all I'm saying is that Speaker 1 (City Hall - Council Chambers): And it doesn't mean I'm not in favor of this at all, but that no matter what we do, it's a small portion of their Speaker 1 (City Hall - Council Chambers): the money that they need for various projects, and that's fine, but when they go to report out, it'll only… what will they report? Just that it's a percentage of the whole.

Speaker 1 (City Hall - Council Chambers): No, but they would say that the money funded half of the salary of a case manager, which we really need. And this case manager helps X number of people. Speaker 1 (City Hall - Council Chambers): And in a certain housing project, and which is great, I mean that. Speaker 1 (City Hall - Council Chambers): If they do it that way. Something like that. And without these funds, what would have happened? Speaker 1 (City Hall - Council Chambers): that we're not asking that. I know I am thinking about it. Speaker 1 (City Hall - Council Chambers): But the point is, the benefactor, the Speaker 1 (City Hall - Council Chambers): you know, that's what they wanted, and the money has just been sitting there. No, I understand. For X number of years.

Speaker 1 (City Hall - Council Chambers): Not doing much of anything. Speaker 1 (City Hall - Council Chambers): No, not doing anything. But, okay. Speaker 2 (City Hall - Council Chambers): Are any of the recipients gonna come back and say… What would you… what else would you want? Speaker 1 (City Hall - Council Chambers): Nothing except I'm just thinking out loud about what are we expecting them to tell us at six months and at 12 months. Speaker 1 (City Hall - Council Chambers): Oh, program, yeah, that the money they that they put the money into X program. Speaker 1 (City Hall - Council Chambers): Right? X. These. It's a performa thing. Of course it is. Yeah, because and we won't know anything more about the program. But it does. We don't need to. We don't need to.

Speaker 1 (City Hall - Council Chambers): I given look the the I've I've looked at the files. Speaker 1 (City Hall - Council Chambers): you know, I copied a lot. You're welcome to see them. Speaker 1 (City Hall - Council Chambers): past the past history of disbursements. Speaker 1 (City Hall - Council Chambers): We're… they'd say, Send us. Speaker 1 (City Hall - Council Chambers): A proposal, which would be… Speaker 1 (City Hall - Council Chambers): a one-page letter. We're going to use the funds for X, and then they would say, please, the city treasurer, please disperse this amount. Speaker 1 (City Hall - Council Chambers): And that was it. Or they would say, please help such and such the Fernald Fund.

Speaker 1 (City Hall - Council Chambers): This man who lives with his mother in… Speaker 1 (City Hall - Council Chambers): in a squam, and has been struggling with this and that, or, you know, send the money to the to the temperance missionary. Speaker 1 (City Hall - Council Chambers): every month, and for a few years this happened right, and that Speaker 1 (City Hall - Council Chambers): You know he's working with the cities, the drunk and the Helpless. Speaker 2 (City Hall - Council Chambers): So one of the things that you had in your list is how would the program effectiveness be measured? Speaker 1 (City Hall - Council Chambers): Oh, we don't… Speaker 3 (City Hall - Council Chambers): Well, that…

Speaker 2 (City Hall - Council Chambers): And I wonder, do we want it so that we have this progress? We have, give us a six month and an annual. That I would not include. Speaker 1 (City Hall - Council Chambers): That's an evaluation question, and I think it's beyond. Speaker 2 (City Hall - Council Chambers): They measure the effectiveness of how they spend money, and they don't care about effectiveness. Speaker 1 (City Hall - Council Chambers): I don't think we do. I don't think it's up to us. Speaker 1 (City Hall - Council Chambers): it because Well, but if it's not effective, we don't want to fund it again. Speaker 2 (City Hall - Council Chambers): So why throw good money after bad? What are you? What?

Speaker 4 (City Hall - Council Chambers): How would… Speaker 1 (City Hall - Council Chambers): For this amount of money, I don't think you can ask for an evaluation. I really don't. Speaker 4 (City Hall - Council Chambers): they may. Speaker 2 (City Hall - Council Chambers): Maybe this is where such a small sum of money… Well, that's… Speaker 3 (City Hall - Council Chambers): Maybe you can't measure the. Speaker 2 (City Hall - Council Chambers): Right. Speaker 1 (City Hall - Council Chambers): That's what I meant, it's gonna be one… percentage of the whole. Speaker 1 (City Hall - Council Chambers): Of course, and it doesn't bother me. I mean, I've just thought. Right. So I'm coming back to. Speaker 2 (City Hall - Council Chambers): Because.

Speaker 1 (City Hall - Council Chambers): For example, the hospital has a community benefits program and they would give. Speaker 1 (City Hall - Council Chambers): actually similar amounts of money to organizations. Speaker 1 (City Hall - Council Chambers): In, like, action, like… That are doing specific things, and they… They do want proposals that Speaker 1 (City Hall - Council Chambers): Have some kind of evaluation. Speaker 1 (City Hall - Council Chambers): component. Speaker 3 (City Hall - Council Chambers): Okay. Speaker 2 (City Hall - Council Chambers): I think we're in agreement there. I'm going to have to I have an 11:30 Clean Energy Commission call. But so as we as I look at it, your proposal should include how the project addresses housing the that that fifth bullet on project budget.

Speaker 2 (City Hall - Council Chambers): Somehow, it looks like it ought to come up Speaker 2 (City Hall - Council Chambers): put it up front because it doesn't tell us how you're going to. It's going to address. How's it going to address? How are you going to meet the mission project budget? It's a statement. Speaker 2 (City Hall - Council Chambers): Yes, it's not something that they put in their proposal, so it seems like it ought to be upfront. Give us a brief proposal, includes a description of the programs to spend between Speaker 2 (City Hall - Council Chambers): 50 and $80,000, something like that? Is that… Speaker 2 (City Hall - Council Chambers): A project that will utilize between 50 and 80,000.

Speaker 2 (City Hall - Council Chambers): Yeah. Speaker 1 (City Hall - Council Chambers): I'd say annual project budget. Yeah. Speaker 2 (City Hall - Council Chambers): An annual project budget between 50 and 80 and maybe put it in that sentence up above before components of your proposal. Speaker 2 (City Hall - Council Chambers): Does that make sense? It seems like just from a continuity standpoint. That's fine. That's good. Speaker 1 (City Hall - Council Chambers): I will revise this. I will send it out. Speaker 1 (City Hall - Council Chambers): I think, though we we approve, do we approve this principle? Yes, the Rfp, okay, to these 2 separate organizations. Speaker 1 (City Hall - Council Chambers): All right.

Speaker 3 (City Hall - Council Chambers): And then… Speaker 2 (City Hall - Council Chambers): And then we have to go back to and vote on the Fernald Fund. I think I made a motion that we, well, but maybe we did, right? To adopt Rocco's option one, we're in agreement. Okay. Speaker 3 (City Hall - Council Chambers): And… you know. Is there anything else? I think we think we've done. Speaker 2 (City Hall - Council Chambers): This was a good meeting, I think. Yeah, I hope so. Speaker 2 (City Hall - Council Chambers): Do we want to? We approve the Rfp. Do we want to run it by anybody before we actually send it out? Speaker 2 (City Hall - Council Chambers): I thought we said we didn't. We didn't. So we just have. We have our own authority to send it out.

Speaker 1 (City Hall - Council Chambers): I think we do because we can always say we're sorry, we didn't know we had to ask you, but it would just be a time thing. Speaker 2 (City Hall - Council Chambers): So here's a here's a question, is this, should this document be like a standalone letter? Speaker 2 (City Hall - Council Chambers): that is going to be to so-and-so at action. Right. So maybe this ought to say, appointed by the Mayor, City of Gloucester, because I don't think… will the top of it be Board of Commissioners or Trust Fund, City of Gloucester? Speaker 2 (City Hall - Council Chambers): Oh, there'll be a title that there'll be a like a title. RE. Speaker 2 (City Hall - Council Chambers): Request for proposal.

Speaker 2 (City Hall - Council Chambers): Okay, I think… It might be, like, a little… Speaker 1 (City Hall - Council Chambers): I would do is get it. Have a cover letter or email. Yeah, this would be the attachment. Okay, maybe. And and then it would say. Speaker 1 (City Hall - Council Chambers): We believe that. Speaker 1 (City Hall - Council Chambers): I would like to give some kind of qualifying, and I'll send this out a draft saying, we Speaker 1 (City Hall - Council Chambers): I don't know how to say this, but I you know we Speaker 1 (City Hall - Council Chambers): I think we do have the authority to. Speaker 2 (City Hall - Council Chambers): Yeah, I think we do as well. I'm thinking maybe this should be a standalone, two of these, two standalone documents that are like letters with a date at the top of the letter and a recipient and a regarding a request for your proposal for the utilization of funds.

Speaker 2 (City Hall - Council Chambers): from the Board of Commissioners of Trust Funds, or however, something like that to noodle it. Speaker 2 (City Hall - Council Chambers): But I'm thinking maybe just two standalone letters. So this would be a standalone document that wouldn't need the email. So the email — I mean, you need the email to send it. Speaker 2 (City Hall - Council Chambers): Correct. But this could be like a stamp, like a typical letter in front of an RFP that you might have received. Speaker 2 (City Hall - Council Chambers): 30 years ago. Speaker 1 (City Hall - Council Chambers): And I met with Jennifer Hapgood from The Gloucester office. Speaker 4 (City Hall - Council Chambers): housing.

Speaker 2 (City Hall - Council Chambers): Okay. Speaker 3 (City Hall - Council Chambers): She's the EP. Speaker 1 (City Hall - Council Chambers): Okay, then, that's great. Yeah, if you could send me your email and Speaker 1 (City Hall - Council Chambers): I think action would be the the Edd who is Peggy Haggerty Steps, CEO. Speaker 1 (City Hall - Council Chambers): Peggy Harrity. Peggy Staff, yeah, CEO. Speaker 4 (City Hall - Council Chambers): All right.

Speaker 1 (City Hall - Council Chambers): If you think of anything else that… I mean, you're still… Speaker 1 (City Hall - Council Chambers): No. Oh, you mean about this? Speaker 4 (City Hall - Council Chambers): Yeah. Speaker 4 (City Hall - Council Chambers): It's fine, it's all fine. Speaker 2 (City Hall - Council Chambers): Small stuff. Speaker 2 (City Hall - Council Chambers): I think so. Speaker 1 (City Hall - Council Chambers): Maybe. Speaker 1 (City Hall - Council Chambers): You know, we can't all agree on everything here, I might be in the wrong… Speaker 3 (City Hall - Council Chambers): Yeah. Speaker 2 (City Hall - Council Chambers): No, not at all. Speaker 3 (City Hall - Council Chambers): Welcome, Fred.

Speaker 2 (City Hall - Council Chambers): This is good. I mean, this is yet one another step. Speaker 2 (City Hall - Council Chambers): And getting this, these 5 funds, Plus the, The Hovey Fund. Speaker 4 (City Hall - Council Chambers): Well, we're picking off a few of the dogs. Speaker 1 (City Hall - Council Chambers): Still working on my, yeah, finding out what happened to the money, which is nothing, but. Speaker 3 (City Hall - Council Chambers): He'll have the. Speaker 2 (City Hall - Council Chambers): So with the cloak, we don't have to go into Margaret Irving. We don't have to Batson House. We don't do any cemetery. We don't do anything. Speaker 2 (City Hall - Council Chambers): We just addressed the Fernald. We've got the huntress, so we still have the Tufts charity.

Speaker 2 (City Hall - Council Chambers): and the Sanders. Speaker 2 (City Hall - Council Chambers): and Sawyer ornamental tree. Speaker 3 (City Hall - Council Chambers): I think maybe… Speaker 1 (City Hall - Council Chambers): You're having a conversation with the mayor now relative to money. Speaker 1 (City Hall - Council Chambers): It's a good thing, and he could make it happen. Speaker 4 (City Hall - Council Chambers): Yeah, he would send. Speaker 4 (City Hall - Council Chambers): Yes. Speaker 4 (City Hall - Council Chambers): So I will. If we need the mayor. Speaker 2 (City Hall - Council Chambers): Well, but… Which we probably will. Speaker 1 (City Hall - Council Chambers): Yeah, I think maybe now's a good time in an inoffensive way to say, I know you've had… I have to write it out, though, in a whole… I mean, I think we need a…

Speaker 1 (City Hall - Council Chambers): An account that he can understand. Yeah. Yeah. Speaker 2 (City Hall - Council Chambers): Next meeting. Speaker 1 (City Hall - Council Chambers): Okay. Yes, quick. Speaker 2 (City Hall - Council Chambers): It's interesting, Speaker 2 (City Hall - Council Chambers): It would be great to have a meeting where such the timing aligns with far enough in advance of the end of Q1, far enough in advance of the end of Q2, far enough in advance of the end of Q3 so that Linda could have her, you know, have this summary and she could come to the meetings. Speaker 1 (City Hall - Council Chambers): It's not like… She just pulled down electronics. Speaker 4 (City Hall - Council Chambers): Yeah, she has to.

Speaker 1 (City Hall - Council Chambers): Calculate. They're all really one big fun. Speaker 1 (City Hall - Council Chambers): All right. So should we say November? Speaker 1 (City Hall - Council Chambers): 4. Speaker 1 (City Hall - Council Chambers): November, Wednesday. Speaker 4 (City Hall - Council Chambers): Yeah. Speaker 1 (City Hall - Council Chambers): At a Wednesday. Speaker 4 (City Hall - Council Chambers): Yeah, be fine. Speaker 1 (City Hall - Council Chambers): The day after election day. Oh, fine. Speaker 3 (City Hall - Council Chambers): We might not. Speaker 2 (City Hall - Council Chambers): There may be a blockade at the door. Speaker 1 (City Hall - Council Chambers): The other possibility would be like November 10th.

Speaker 1 (City Hall - Council Chambers): Anyone's gonna be here. Speaker 2 (City Hall - Council Chambers): November 10th? Yeah. Would work. Speaker 2 (City Hall - Council Chambers): I may be in Portland, Oregon, it kind of depends upon a bunch of things, but. Speaker 2 (City Hall - Council Chambers): But today is the 6th.

Speaker 2 (City Hall - Council Chambers): Number 10. Speaker 1 (City Hall - Council Chambers): For me, is you like that better? Yeah, because I'm I'm going to be in New York until Speaker 1 (City Hall - Council Chambers): The 2nd of November. Okay. Speaker 1 (City Hall - Council Chambers): or second, third, yeah. Well, the 10th is fine from me. Speaker 2 (City Hall - Council Chambers): Yeah, and I'll let you know… I should know this week. Speaker 2 (City Hall - Council Chambers): if I'm gonna have to push that meeting, that, that… Speaker 1 (City Hall - Council Chambers): Actually, no, I'll be in New York until the Monday, but that's all right. The 10th would be fine. Yeah. Speaker 2 (City Hall - Council Chambers): Or would the 12th be better? Is that Thursday?

Speaker 1 (City Hall - Council Chambers): Thursday's never good in the morning. Speaker 4 (City Hall - Council Chambers): No. Speaker 2 (City Hall - Council Chambers): All right, so the 10th. Speaker 2 (City Hall - Council Chambers): And then same time, 9:30? Yeah. Speaker 4 (City Hall - Council Chambers): Okay. Speaker 3 (City Hall - Council Chambers): 9:30. Speaker 2 (City Hall - Council Chambers): And make a motion to adjourn. Yes, second. Second. All approved. Aye. At 1107.

Speaker 3 (City Hall - Council Chambers): Bye. Speaker 3 (City Hall - Council Chambers): Well, thank you very much.