JOHN95.47 BURLEY95.47 -95.47 CITY95.47 OF95.47 EVERETT95.47 -95.47 Alright.95.47 This96.11 is96.42 the97.15 city97.55 council's97.87 committee98.42 of99.23 ways99.23 and99.55 means.99.7 This100.77 is101.01 Monday,101.33 03/23/2026.101.73 We're103.89 at104.13 6104.29 PM.104.61

106.21 I106.21 have106.37 councilor106.61 Rogers107.25

108.05 SPEAKER2108.05 -108.05 Here.108.05

108.61 SPEAKER1108.61 -108.61 Of108.61 council108.77 Petitornio.109.25 Here.111.09 112.31 BURLEY112.31 -112.31 We112.31 have112.55 2112.87 members113.03 present.113.42 We113.91 do114.15 not114.39 have114.7 a114.94 quorum115.11 yet,115.83 so117.03 we117.27 will117.42 have117.67 to117.91 wait118.06 for118.31 either121.67 Councilor121.98 Nguyen121.98 or121.98 Councilor121.98 Smith.121.98 121.98 do122.55 it.122.78 Here.123.27 Council124.48 Smith.124.96

125.52 SPEAKER3125.52 -125.52 Present.125.52

126 SPEAKER1126 -126 Present.126

126.4 BURLEY126.4 -126.4 We126.4 do126.64 have126.8 a126.96 quorum.127.04

127.28 You127.28

128.24 SPEAKER3128.24 -128.24 got128.24 a128.4 stand128.48

131.28 SPEAKER1131.28 -131.28 and131.28 salute131.6 the132 flag.132.08 133.28 STEPHANIE133.28 SMITH133.28 -133.28 WAYS133.28 AND133.28 MEANS133.28 COMMITTEE133.28 CHAIR133.28 -133.28 Can133.28 you133.28 stand133.28 and133.52 salute133.68 the134 flag,134.08 please?134.4

136 1136 1136.24

136.4 SPEAKER1136.4 -136.4 allegiance136.4 to137.12 the137.36 flag137.52 of137.92 United138.08 States138.48 Of138.8 America138.96 into139.92 the140.31 republic140.72 for140.88 which141.03 it141.28 stands,141.36 1142.16 nation,142.4 under143.03 God,143.36 indivisible,143.84 liberty,144.79 justice,145.44 and145.72 justice146 for146.16 all.146.88 148.08 BURLEY148.08 -148.08 Alright.148.08 We148.47 have148.64 one148.96 item149.28 on149.68 the149.84 agenda,150 and151.12 that151.44 item151.75 is152.68 an152.8 order152.92 offered153.32 by153.48 Councilor153.72 Stephanie154.2 Smith154.6 as154.92 president.155 An156.12 order156.28 to156.68 appropriate156.84 780,000157.56 for159.56 the159.72 general159.88 fund160.28 budgetary160.68 fund161.24 balance161.56 to162.36 fund162.52 the162.84 purchase162.92 of163.48 a163.64 fire163.88 suppression164.36 apparatus.165 167.97 SMITH167.97 -167.97 I167.97 see168.13 we168.37 have168.44 a168.69 representative168.84 from169.65 the169.97 fire170.28 department170.61 here.171 171.72 KATY171.72 ROGERS171.72 -171.72 WAYS171.72 AND171.72 MEANS171.72 COMMITTEE171.72 MEMBER171.72 -171.72 Motion171.72 to172.05 invite172.21 the172.44 representative172.61 from173.09 the173.25 fire173.33 department.173.65 174.44 PETER174.44 PIETRANTONIO174.44 -174.44 WAYS174.44 AND174.44 MEANS174.44 COMMITTEE174.44 MEMBER174.44 -174.44 Second.174.44

175.09 SPEAKER3175.09 -175.09 All175.09 those175.33 in175.49 favor?175.65 Aye.176.44 Opposed?176.93 177.41 SMITH177.41 -177.41 The177.41 ayes177.56 have177.81 it.177.97 Good182.3 afternoon.182.62 184.46 SABATO184.46 LORUSSO184.46 -184.46 EVERETT184.46 FIRE184.46 DEPARTMENT184.46 -184.46 How184.46 are184.62 you?184.7 185.02 SMITH185.02 -185.02 I'm185.02 good.185.18 How185.42 are185.66 you?185.82 So185.98 I've186.22 talked186.46 to186.7 the186.78 chief186.94 on187.18 this187.34 one.187.58

188.06 SPEAKER1188.06 -188.06 Just188.06 for188.22 the188.46 record.188.54

189.98 SPEAKER3189.98 -189.98 Oh,189.98 can190.38 you190.54 please190.78 state191.1 your191.34 name191.5 for191.66 the191.82 record?191.9 I194.06 I194.25 don't194.34 know194.5 if194.57 your194.66 mic's194.94 on.195.22

198.25 There198.25 you198.5 go.198.66

198.81 SPEAKER5198.81 -198.81 There198.81 we199.06 go.199.14 199.85 LORUSSO200.57 -200.57 Sabato200.57 LoRusso.200.57 200.57 you.200.74 Do202.18 we202.34 have202.5 any202.66 questions202.81 for203.22 the203.38 deputy203.53 chief?203.94

206.18 SPEAKER2206.18 -206.18 Councilor206.18 Rogers.206.74 207.29 ROGERS207.29 -207.29 Thank207.29 you,207.53 Madam208.09 Chair,208.34 through208.34 you.208.57 I209.72 did209.88 talk210.12 to210.36 the210.52 chief210.6 as210.84 well,211 but211.24 if211.4 you211.48 could211.64 elaborate211.96 for212.68 the213.16 public213.48 at213.96 home.214.2 I215.24 know215.32 we're215.56 saving215.88 50%217 on217.64 this217.88 expense,218.12 but219 if219.24 you219.4 could219.48 just219.64 explain219.88 exactly220.44 what220.92 that221.08 is221.24 so221.56 that221.72 the221.96 people222.12 at222.36 home222.52 understand222.76 as223.16 well.223.32 224.26 LORUSSO224.26 -224.26 Sure.224.26 So224.5 this224.75 is224.99 going225.15 to225.39 replace225.94 our226.34 current226.5 engine226.82 3,227.06 which227.39 is227.87 a228.03 2010228.34 Pierce229.22 Arrow.229.63 The230.67 purchase230.82 price231.15 is231.31 $778,536.235.15 And237.53 we're237.53 gonna237.85 get238.09 it238.33 within238.49 150239.13 to239.77 180239.93 days,240.49 which240.73 if240.89 we241.05 were241.13 to241.29 go241.45 through241.69 Pierce,242.57 it242.97 would243.13 take243.29 anywhere243.77 from244.17 two244.49 and244.73 a244.81 half244.89 to245.05 three245.21 years245.37 as245.61 a245.77 lead245.85 time246.09 on246.33 that.246.49 247.93 ROGERS247.93 -247.93 And247.93 how248.17 many248.33 fire249.05 engines249.61 do250.09 we250.33 currently250.65 have?251.13 252.47 LORUSSO252.47 -252.47 Fire252.47 engines,252.88 we253.51 have253.75 four.255.11 Three255.44 are255.44 in255.68 service256.24 and256.24 one256.39 is256.56 a256.79 spare.256.88 257.51 ROGERS257.51 -257.51 Okay.257.51 Alright.258.63 Thank259.04 you.259.27

262.24 SPEAKER3262.24 -262.24 Councilor262.24 Pacentino?262.71 266.6 PIETRANTONIO266.6 -266.6 It's266.6 gonna266.84 take267.08 three267.32 to267.56 four267.64 years267.88 to268.28 build?268.44 269.4 LORUSSO269.4 -269.4 If269.4 we269.56 were269.64 to269.76 get269.88 it270.12 through270.2 Pierce270.68 or271 another271.08 manufacturer,271.56 the272.12 lead272.28 times272.52 are272.76 getting272.92 longer273.24 and273.56 longer.273.72 It's274.84 just275 been275.24 a275.56 problem275.72 that's276.04 been276.2 going276.36 on276.6 since276.68 COVID.277 278.01 PIETRANTONIO278.01 -278.01 And278.01 where's279.38 this279.77 truck279.94 going280.25 with280.5 that280.74 station?280.9 282.25 LORUSSO282.25 -282.25 This282.25 would282.5 be282.57 going282.65 to282.81 Ferry282.9 Street283.13 Station.283.38 It's283.62 gonna283.77 replace284.01 our284.34 car284.5 in284.65 engine284.81 3.285.21 And285.54 the286.25 lead286.5 time286.65 on286.9 this287.06 because287.21 we're288.5 not288.74 getting288.9 it289.13 custom289.3 built289.62 is,290.4 according290.96 to291.28 the291.44 manufacturer,291.52 150292 to292.64 180292.72 days.293.36 294.24 PIETRANTONIO294.24 -294.24 Okay.294.24 We294.4 don't294.56 have294.72 a294.84 height294.96 difference295.2 anymore295.6 on295.92 the296.08 garage.296.24 I296.64 think296.8 was296.96 it297.2 central297.36 garage?297.76 The298.08 height,298.32 we298.56 had298.72 to298.88 get298.96 it299.12 special299.28 made299.6 because299.84 the300.08 height,300.24 I300.48 think300.56 we300.8 raised300.96 that,301.28 didn't301.44 we?301.76 302.16 LORUSSO302.16 -302.16 Yes.302.16 Correct.302.4 302.88 PIETRANTONIO303.2 -303.2 A303.2 couple303.2 of303.2 years303.2 ago.303.2 303.68 LORUSSO303.68 -303.68 That's303.68 more304 on304.24 the304.72 ladder304.88 trucks305.2 because305.44 they're305.68 a305.84 lot305.92 taller.308.03 The308.35 pumps,308.5 or308.5 sorry,308.5 the308.5 engines,308.5 we309.23 don't309.46 really309.71 have310.11 to310.26 worry311.23 about311.55 the311.71 heights311.79 so312.03 much312.11 of312.19 that.312.26 They're312.43 not312.59 as312.75 tall312.9 as313.15 the313.23 ladder313.31 trucks.313.87 But314.19 that314.19 was314.35 addressed314.59 at314.99 central.315.15 It's315.63 still315.94 kinda316.35 tight.316.67 It's316.99 not317.15 like317.31 a317.46 modern317.55 fire318.03 station.318.26 But319.42 when319.5 we319.66 do319.74 order319.98 them,320.22 we320.22 make320.38 sure320.54 that320.7 they320.86 do320.94 fit321.1 in321.26 those321.34 fire321.5 stations.321.74 322.3 PIETRANTONIO322.3 -322.3 Is322.3 this322.54 one322.7 of322.94 the323.02 older323.1 vehicles323.42 in323.66 the,323.9 this324.22 must325.02 be325.26 the325.5 oldest325.66 pump326.3 truck326.7 in327.02 the327.18 fleet?328.22 328.94 LORUSSO328.94 -328.94 It's328.94 one329.34 of329.5 them.329.58 We330.3 purchased330.46 this330.86 in331.02 2010,331.18 so331.66 it's331.82 a331.98 2010.332.06 So332.54 it's332.7 fairly332.86 old,333.34 it's333.5 past333.5 its333.74 life333.9 expectancy.334.14 335.07 PIETRANTONIO335.07 -335.07 Okay.335.07 Alright.336.19 Thank336.6 you.336.83

339.31 SPEAKER3339.31 -339.31 Any339.31 further339.63 questions?339.95 340.75 ROGERS340.75 -340.75 Motion340.75 to341.15 excuse.341.31 342.35 VIVIAN342.35 NGUYEN342.35 -342.35 WAYS342.35 AND342.35 MEANS342.35 COMMITTEE342.35 MEMBER342.35 -342.35 Second.342.35 342.35 being342.75 second343 to343.31 excuse.343.63 All343.95 those344.19 in344.27 favor.344.44 Aye.345 Opposed.345.31 346.68 SMITH346.68 -346.68 I346.68 do346.92 have347.07 a347.24 question.347.39 Thank347.88 you.348.12 You're348.79 all349.03 set.349.11 I349.43 do349.59 have349.75 a349.83 question349.91 for350.39 the350.63 CFO,350.95 if351.59 I351.75 may.351.83 Bring352.07 him352.31 before.352.47 353.35 ROGERS353.35 -353.35 Motion353.35 to353.75 invite353.99 the354.31 CFO.354.39 355.11 SMITH355.11 -355.11 Thank355.11 you.355.27 356.87 NGUYEN356.87 -356.87 Second.356.87

357.67 Motion357.67 made358.07 and358.23 second358.39 to358.71 invite358.79 the359.19 CFO359.27 before359.67 us.359.99 All360.15 those360.31 in360.39 favor?360.55 Aye.361.03 Opposed?361.51 362.07 SMITH362.07 -362.07 The362.07 ayes362.23 have362.55 it.362.71 365.81 OMAR365.81 BOUKILI365.81 -365.81 CITY365.81 OF365.81 EVERETT365.81 -365.81 Good365.81 evening.366.13 366.53 SMITH366.53 -366.53 Good366.53 evening.366.69 Can367.09 you367.25 just367.4 state367.56 your367.73 name367.88 for368.13 the368.29 record?368.37 368.93 BOUKILI368.93 -368.93 Omar368.93 Boukili.369.25 370.13 SMITH370.13 -370.13 Thank370.13 you.370.37 The371.65 question371.88 I372.29 have372.44 is,372.76 what374.76 is375 the375.25 reason375.32 that375.65 we're375.88 borrowing376.29 this376.69 from376.85 free377.09 cash377.32 versus377.86 our378.18 capital378.98 stabilization?379.86 383.22 BOUKILI383.22 -383.22 We383.22 could383.38 have383.54 gone383.7 either383.94 way.384.18 We385.22 could385.38 have385.54 used385.7 our386.02 capital386.26 stabilization386.58 fund,387.3 after389.54 which389.86 we390.1 would390.26 have390.5 replenished390.9 it391.54 with391.94 our392.19 free392.26 cash.392.67 We392.9 just393.06 decided393.31 to393.71 go394.67 straight394.82 to395.06 free395.23 cash,395.46 make395.79 it396.02 super396.26 quick.396.58 It397.55 makes397.71 the397.94 proceedings398.75 here399.38 a400.5 lot400.67 easier400.9 and401.55 more402.11 straightforward.403.71 And403.87 wanted403.87 to404.19 give404.26 the404.43 fire404.67 department404.9 the405.31 ability405.38 to405.79 jump406.66 on406.98 the407.38 opportunity.407.62 408.58 SMITH408.58 -408.58 Thank408.58 you.408.82 409.62 BOUKILI409.62 -409.62 So409.62 I409.78 should409.86 say410.1 we're410.5 also410.58 trying410.9 to411.14 preserve411.22 reserves412.18 right413.78 now414.02 to414.26 make414.34 sure414.5 415.54 SMITH415.54 -415.54 Thank415.54 you.415.78 416.1 BOUKILI416.1 -416.1 We're416.1 on416.26 good416.26 footing.416.5

416.9 SPEAKER3416.9 -416.9 Council416.9 of417.22 Patric417.38 Antonio?417.62 420.47 PIETRANTONIO420.47 -420.47 Why420.47 do,420.71 I421.19 mean,421.35 I421.59 don't421.9 free422.38 cash,423.03 for423.19 this423.19 particular425.99 vehicle,425.99 I426.31 don't426.38 mind,426.55 but426.71 everything426.94 just427.19 comes427.35 out427.59 of427.75 free427.9 cash.428.23 I428.63 mean,429.03 is430.47 it430.71 there,430.79 it's431.19 really,431.43 I431.73 know431.89 everyone432.21 says432.61 it's432.85 free433.01 cash,433.33 but,433.73 I433.97 mean,434.05 really,434.29 it's434.61 not434.93 free435.49 cash.435.81 Am437.09 I437.33 correct437.65 in437.89 saying438.13 that?438.37 That438.53 just438.69 bugs438.93 me439.17 when439.25 someone439.49 calls439.81 it440.05 free440.13 cash.440.37 442.13 BOUKILI442.13 -442.13 You're442.13 absolutely442.77 correct.443.25 It443.81 is444.05 absolutely444.29 not444.85 free.445.09 It's445.94 unallocated446.59 funds.447.63 So448.75 we449.06 call449.31 them449.47 free449.55 cash449.79 because450.03 we450.35 can450.5 use451.55 them451.79 multiple453.79 ways.454.26 It's454.59 not454.75 something454.9 that's455.23 dedicated455.47 to456.5 a456.82 very456.9 specific457.15 purpose.457.55 But458.19 this458.59 item459.15 is,459.55 the460.76 cost461.08 is461.32 high461.56 enough.461.72 It's462.28 a462.44 onetime462.68 purchase.463.16 It464.68 qualifies464.92 to467.16 use467.32 free467.56 cash,467.88 so468.28 we470.04 decided470.2 to470.68 go470.76 free471 cash.471.16 472.12 PIETRANTONIO472.12 -472.12 Okay.472.12 I472.44 just472.6 hope,472.76 I473.16 know473.32 the473.48 previous473.56 administration,474.04 everything474.68 was475.08 free475.32 cash,475.48 free475.83 cash.476 I476.24 hope476.48 this476.8 administration477.04 doesn't477.6 go477.92 down478.07 that478.31 same478.48 road.478.71 481.44 BOUKILI481.44 -481.44 I481.44 would481.6 prefer481.83 that482.24 we482.4 maintain482.56 the483.04 balanced486 status486 quo.486.4 I487.19 think487.36 that487.68 we488.15 need488.31 to488.56 use488.63 our488.88 capital489.04 stabilization489.36 funds490 for490.4 emergencies491.78 and492.9 for493.3 exceptional494.26 one494.82 time494.98 purchases.495.3 It's496.26 also496.5 a498.1 positive498.26 to498.74 show498.98 healthy499.22 reserves499.7 to500.58 bond501.3 rating501.54 agencies501.86 and503.14 other503.54 auditing504.02 entities.504.42 I506.93 think507.08 we507.32 should507.4 also507.64 use509.08 our509.32 ability509.56 to509.88 borrow,510.13 if510.93 the511.08 interest511.25 rates511.49 are511.88 favorable.512.13 We513.73 haven't513.96 gone515.64 out515.88 to516.13 borrow517.08 yet.517.49 We517.73 did517.88 get518.04 an518.21 authorization518.37 to518.85 borrow519 for519.25 Fuller520.52 Park.522.36 But522.36 I522.6 think522.68 that522.92 we523 should523.16 use523.4 every523.8 tool523.96 we524.2 have524.28 at524.52 our524.6 disposal.524.84 Free525.56 cash525.8 is525.96 not526.12 the526.28 only526.36 way526.6 to526.76 go.527 527.56 PIETRANTONIO527.56 -527.56 What527.56 is527.72 the527.88 balance528.04 in528.36 free528.52 cash?528.76 530.44 BOUKILI530.44 -530.44 It's,530.44 a531.16 little531.24 under531.48 3532.68 million533.32 right533.32 now.533.48 I533.64 think533.72 between533.88 2.5534.12 and534.68 3534.76 million.535.24 I535.24 can't535.32 get535.56 you535.72 an535.8 exact535.96 number.536.2 536.95 PIETRANTONIO536.95 -536.95 And536.95 how537.11 comfortable537.35 are537.75 you537.83 to538.07 what,538.78 where539.18 do539.42 you539.58 stop?539.83 Like,540.23 is540.38 there540.54 a,540.78 for541.42 you541.58 to541.75 be541.83 the541.99 CFO,542.07 do542.46 you542.63 say,542.78 okay,543.26 listen,543.5 we543.5 wanna543.66 get543.83 x543.99 amount544.14 of544.38 free544.46 cash.544.78 We're545.18 gonna545.42 stop545.66 taking545.9 out546.14 of546.3 that.546.38 Is546.54 there546.71 a546.95 a547.35 balance547.5 you547.83 like547.99 to548.23 keep548.3 in548.54 there?548.71 550.71 BOUKILI550.71 -550.71 Yes.550.71 Where551.11 we551.27 are551.51 right551.59 now.551.83 I552.47 also552.87 really553.59 like553.83 putting554.07 that554.39 free554.55 cash554.79 in555.11 stabilization555.51 funds,556.15 be556.55 it556.87 for557.27 capital557.59 purposes557.99 or558.55 as559.19 rainy559.43 day559.83 funds.560.71 We563.51 will563.75 probably563.99 have564.47 to564.79 plug,565.96 some566.61 budget566.76 deficit567.25 during567.64 our568.92 budget.569.25 But570.61 if571.25 we571.49 don't571.64 use571.8 that571.96 free572.13 cash572.37 by572.61 the572.76 end572.85 of573 the573.16 fiscal573.25 year,573.57 we573.96 lose574.85 the575.08 ability575.16 to575.57 use575.64 it575.88 for576.2 the577.25 following577.49 six577.8 months,578.13 basically.578.52 579.16 PIETRANTONIO579.16 -579.16 So579.49 you579.73 can579.8 roll580.04 that580.28 free580.44 cash580.68 over?580.92 581.94 BOUKILI581.94 -581.94 If581.94 we582.02 put582.18 it582.42 in582.58 funds582.66 that582.9 can583.14 be583.3 rolled583.38 over.583.54 583.86 PIETRANTONIO583.86 -583.86 You583.86 can583.94 roll584.18 over.584.34 Alright.584.74 Thank584.98 you.585.14

586.58 SPEAKER2586.58 -586.58 Councilor586.58 Rogers.586.98 587.94 ROGERS587.94 -587.94 I587.94 have588.1 no588.34 further588.5 questions.588.74 I589.06 was589.14 just589.3 gonna589.46 make589.62 a589.78 motion589.86 to590.18 excuse590.34 unless590.66 there's590.98 any591.22 other591.46 593.06 PIETRANTONIO593.06 -593.06 Second.593.06

593.95 SPEAKER3593.95 -593.95 Motion593.95 made594.26 in594.55 made595.07 in595.3 seconded595.46 to595.78 excuse.596.02 All596.42 those596.58 in596.66 favor?596.83 Aye.597.3 Opposed?597.71 598.11 SMITH598.11 -598.11 The598.11 ayes598.18 have598.35 it.598.58 Thank598.66 you598.9 very599.07 much.599.23 599.54 BOUKILI599.54 -599.54 Thank599.54 you.599.71 600.26 ROGERS600.26 -600.26 Motion600.26 for600.58 favorable600.83 action.601.3 602.18 PIETRANTONIO602.18 -602.18 Second.602.18 602.18 SPEAKER3602.18 -602.18 Motion602.18 made602.18 in602.18 seconded602.18 for602.18 favorable602.18 action602.18 to602.18 be602.18 referred602.18 to602.18 the602.18 city602.18 council.602.18 All602.18 those602.18 in602.18 favor?602.18 602.18 SPEAKER2602.18 -602.18 Aye.602.18 Opposed?602.18 602.18 SMITH602.18 -602.18 The602.18 ayes602.18 have602.18 it.602.18 602.18 ROGERS602.18 -602.18 Motion602.18 to602.18 adjourn.602.18 602.18 PIETRANTONIO602.18 -602.18 Second.602.18 602.18 NGUYEN602.18 -602.18 Second.602.18 602.18 Motion602.18 made602.18 and602.18 seconded602.18 to602.18 adjourn.602.18 All602.18 those602.18 in602.18 favor?602.18 Aye.602.18 Opposed?602.18 Ayes602.18 have602.18 it.602.18 Meeting602.18 adjourned.602.18