But >> anyh who, it looks like we are holding first couple positions cuz we're actually red this time, not blue. >> Oo. >> Which is weird. >> It's weird. What I can actually do? I can be like we can respond to people in chat. >> Oh, >> we can type in chat in response. >> Okay, so now we can see the results. Looks like we held first two and last two positions. >> Yep. >> Yeah, we are actively winning. >> Let's go >> by 30 points. Why'd you bonk me? >> Cuz looks like that was actually the second circuit because we have people wrapping up. >> Yeah, but did we reach 100? We got 93. >> I mean, we were getting like blast two spots. So, >> that's true. I thought I thought it was first to 100. >> Four. >> No, it's the four maps.
Any questions there? Yes. >> So, can you just go over one more time like what the standard process should be >> to keep it regularly churning? >> Well, I'll go a little bit past what it should be. Um, again, I've heard a lot of different things. Uh, the the subcommittees are created by the full board. Uh, you have an established set of subcommittees. You probably have a description of what the work is being done by that particular subcommittee. Yes, >> you should have a standard description that can you're not alone. This happens an awful lot. A standard description of the work that happens there. I would go another step further and say the reason you have a description of the work that gets there is because the work goes to subcommittees through the full board. Um for example, if you have a finance and budget um subcommittee, the budget always lives, you know, the budget always lives with that subcommittee.
Um, and what we're planning on reviewing with USI is fee structures, services provided, plan performance, claim trends, and renewal timelines for next year. Uh, I do I do want to say that is not included in this report, but we are looking at stop-loss providers for next year. Um, we have used CT prime in the past, but we are looking to see if there are different weights we can use for our stop-loss performance. Um, and the idea with this advisory council is that they provide a recommendation to the town council by April in terms of providers we're using, potential cost mitigation. Um, but like I said, we've met twice already. Um, the three members of the committee have a wealth of knowledge on insurance. They kind of have different backgrounds, but have been really thoughtful in asking questions to our brokers. So, uh, the next financial highlight is about the capital expenditures plan.
I can't specifically say what 30 million buys, but it continues to keep us on that track towards a bigger and better stadium that we can provide for the people of Hawaii and for the University of Hawaii as well. Do you know of any major stadium in America that has just a standalone name? Los Angeles Stadium, Chicago Stadium. I mean, what stadiums that are venues that attract big-time events have just no corporate sponsorship names on them? >> I'm not aware of any. Um, naming rights is a Lambo, right, with with with with Green Bay. Um, I guess that would be the only one that offhand that I'm aware of. That'd be something we'd be happy to look into. But naming rights [clears throat] is a pretty common practice. For instance, the crypto arena in Los Angeles, you know, paid a lot of money to be able to call itself as such.
Um, we have talked about the auditorium which would be a place, but that's to be determined. I just wanted to make that note before and answer any questions that you may have them about future board meetings next school year. >> Questions on future board meetings? >> We're still going to do them on predominantly Wednesdays. There's a couple Thursdays, too. Sorry. Yeah, >> there's a couple days that we moved to Wednesday. >> Yes. >> One or two? >> One. Just one. Okay. >> For the conference. So, >> all right. Anybody like to make a motion to approve the >> I'll make the motion. >> Thank you. You know what exactly what I was going to say? Second. I'll second. >> Thank you. All in favor? >> I.
It's a circuit. >> Oh, okay. >> Finish the four maps and then that's that. >> Okay. >> Anyhoo, moving. >> Yeah. So, we did officially win. >> Did you show my flags? >> We did. >> Yeah. >> Nice. Oh my god. Carter, you should totally come in friend. >> Yeah. Get over here or I'll drag you over. I >> literally just need your sleeve. >> Other one. >> This one? >> Yes. >> Oh, yeah. You could also just take off the jersey. Yeah. >> Thank you. >> So, thanks to our lovely uh Rocket League >> member over here. >> Look at that. Look at Look at our beautiful jerseys. if it'll >> if it'll cooperate. >> Both of our best sponsors right there. Our longest holding sponsors, too. >> Haven't they been sponsors since >> Haven't they been our sponsors since we first started? >> I believe so, actually.
But if there's a new financial matter that comes up, like there's a concern about how we're going to fund the fix at the playground so we can get the NYAK certification. Um the subcommittee doesn't automatically say we're just going to discuss this. That has to be sent through the full board, right? Um because it's a new matter before the committee. So, uh policies policy lives with the full board. Um, but if a new policy comes in, typically they come in through MASC, you get the updates, they come in, they come to the full board, the full board refers them to subcommittee, they then have to come back, right? And there's a lot of reasons for this. It's uh it's it's the way that the board understands that the work subcommittees are doing complies with the description that they're provided with that's been approved by the committee.
So, we are prepping for that capital expenditures plan. Last year, that was a little earlier in the year. We were discussing that in February, but the town council has pushed that timeline. So, you will likely see a review um in our our total capital expenditures plan in April and the planning committee will meet in about that in March. So, um that is distinct from the operating budget. Again, that's where we get all of our large projects that are valued at over $110,000 and our our like multi-year um infrastructure or or last for multiple years in our infrastructure projects. Uh and the last highlight is about facilities. There's actually two different things that I want to mention. One is that we've talked about this before about the district repair and improvement project, the drip grant. There was not a lot of information prior to this month about what that was going to look like and there is still some ambiguity with the DRIP grant.
SoFi, Allegent, um, Levi, this is a pretty common practice in the industry and it allows for marketing in a non-obtrusive, nonobnoxious kind of a way and also raises money for the stadium itself. I mean, SoFi has a $30 million a year contract for 20 years. $600 million is what SoFi pays to put their name on that stadium. And in this particular legislation, it's pretty clear that all we're doing is naming rights. You can put your company name or your logo and that's it. It's not going to be like Allegiant Field where you have a video display as kind of a a billboard digital display. It's just >> static. It's a name of whoever is the highest bidder. naming rights very similar to or at least the way that we read it is it's very similar to the way Hawaiian Airlines had it previously or the way that others have it with Stan Sheriff >> and then let's say looking at what this outdoor circle's arguments were that they don't want any names on any buildings in in Hawaii >> would you be open if they bid $2 million and they say that they don't want to put any names on the side of the stadium for 20 years would you take that 2 million bucks a year for 20 years right they can bid right if they want the name no name on They can be a bidder and say, "I'm going to give you stadium money.
Any opposed? Perfect. All right. Then we'll move on to the approval of the 2627 school calendar. Back to you. >> Back to me again. So, um, again, very excited about this upcoming school calendar. Both unions were able to review the calendars and provided feedback. You will note that on the calendar, parent teacher conferences are the week of October 19th, the evenings of October 19th and the 21st. There is a full comp day on Friday, October 23rd of that week. There's a full week for spring break this upcoming school year, which I was able to uh get into the calendar. There is not a half day before winter break, but there is a full day teacher institute after winter break. Traditionally, we've done both, but we decided to do a full student attendance day before break, and we're going to have that full teacher institute right after.
But huge shout out to all of our local internet provider, Adams Wells Internet Telecom. They are directly responsible for our esports players to be able to compete because of their incredibly fast and reliable fiber internet service. So, if you're in the market for internet or phone service, check out adamswwellswwells.com. That's Adams with an S at the end, as you can see. >> Yep. >> There's there's an S. >> I'm going the wrong way. >> Adamswells.com. >> Internet Telecom. We we love their little diamond shape, but do you have a favorite nonprofit that could use an awesome fundraising idea? Well, check out Auction It. Auction It is an online and inerson auction platform that could help your nonprofit host a great charity auction. Find out more at auctionit.io. That's auctionit.io. And with that, >> Mario isn't there. >> With that, that finishes off tonight with our Rocket League and Mario Kart at the very end.
It's a way to know that the committee is not off creating their own work in areas that might or may not fit under their purview. And it's a way that the committee knows that the subcommittees are not taking on brand new work that the school committee is not aware they're working on. Right? it. This happens a lot in places where subcommittees sort of take on their own work and committees realize um the importance of having seen that work first and having made the determination like could they have just made a determination first at a full board meeting to act on something? Um, and then does it get delayed by going to subcommittee or do they really want it to go to subcommittee to have that deeper dive in a public setting? Anything else on subcommittees? Yes. >> Just this question. >> We're never wrong. We're training here.
Um, but we do know is that we are eligible for about $180,000 worth of grant funding. The repair and improvement project has certain parameters what we can use it on. HVAC being a notable example. Um, we are going to be notified by about our allocation by March 1st. So that's coming up. Um, and the grant should be issued by June 30th of each fiscal year. So, while we're getting $180,000, it's still a little unclear if we can use that for this year's expenditures or next year's expenditures. So, we need to we would love to use it for this year. Um, but we just need some more clarity. Um, and they have not OPM has not provided that yet, but we will know our allocations in the next coming weeks. The other facilities uh department update is just about the request for proposal for our cleaning services.
I mean, stadium whatever, and I'm not going to put my name on there." Right. That's a way for them to be helpful in this conversation. >> I I Senator, I I I do agree with you. I think that they can absolutely bid um should this move forward, they can claim the naming rights and then choose not to put any signage. Um what we care about the [snorts] stadium authority and with our development partners is that we maximize revenue and if they're willing to put that revenue forward, we're willing to to move forward with them. >> Yeah. Good. Actually, that would be the helpful uh testimony from them. Thank you. >> Thank you, Senator. >> Thank you. Uh any other questions, members? >> Uh hang on, Mike, real quick. Um >> so, Mike, >> do you have any estimates of the revenue you can generate from using the naming rights directly to the >> They vary.
Any questions on that calendar? I did include graduation as well. Um, time is not not on there, but I went ahead and worked with Mr. Reeves to get the date so we could have that on the calendar as well in addition to the board meetings. >> Perfect. All right.
>> And sadly, we did not win a single game even on Rocket League, >> but it was to Hobart. So, >> it was to Hobart, so last year state champions than to a new member >> in the division. Good job to Hobart for being insanely good and having incredible team synergy. >> Gator. >> Yeah, I found out >> it's all Gator. >> I found out Gator and JRos have been playing for seven years. >> What? >> They have some insane team synergy. So, we had one loss, one win of the night, and that was pretty average, actually. >> Yeah. >> Thank you for joining us. will be back at 5:00 p.m. tomorrow with rivals and you'll see both of us again. >> bye.
>> Just maybe I'm learning. Um, so the way subcommittees took place in the past was the chair wrote the little description. >> You probably have a policy that says that. Yeah. >> Okay. And then that went to the subcommittee for conversation and whether or not agreed or disagreed. Oh, so the subcommittee had an opportunity to perhaps widen the the depth of the Okay, >> and then that came back to the chair. >> Is that, >> you know, that's certainly a transparent way to do business. I don't think there's anything wrong with it. >> Just asking. >> Yeah. >> Well, subcommittee stuff. >> It's you do important work in subcommittees and you're tasked to bring recommendations back to the full board. Um, and don't ever have your feelings hurt if you spent two hours reviewing a topic and you bring back a recommendation and the full board is split on whether to move forward on it because that will eventually happen.
This is one of the um unknowns of our budget right now. We have allocated a certain amount for cleaning budget, but we are going to see where we come with the come in with the RFP. Uh our current contract value with SMG for this year is $859,000. So, just as a reminder for next year, we're increasing our usable square footage from 765,000 square feet to 837,000 square feet. It's a 9.4% increase. Um, that will impact our overall service costs. And last time we went out to the went out to bid, there was a lot of variation in the proposals we received. The two highest bids exceeded $2.5 million each and the six lowest bids averaged appro approximately $790,000. So it's just a lot of variety. Um you know our director of facilities, Rich Clevet, has been really thoughtful about putting together a comprehensive RFP that really addresses and and narrows down their scope very specifically.
Um and so if it depends on kind of how you calculate that Senator Wakai was absolutely right. There was a study, I believe three years ago, that put it in that 1.2 to 1.5 range. Um there have been other studies based on other locales that put it much higher into that 7.2 7.4 range. Um um I hesitate to say that large a number and then it fall back to the 1.5 or 1.2. Um I guess what I would say Senator is that I have greater confidence in the previous study than I do in the current marketplace. >> Thank you. Thank you Senator. >> Any other questions? Seeing none shortly. >> Hi. Uh welcome back to decision making for uh committee on uh economic development and GVO. Um first up Senate Bill 2627 relating to tour to economic development and tourism. Um, we are going to pass this with an SD1 by requiring the HDA to submit annual reports to the procurement office detailing those sports projects, events, and activities.
Any questions regarding the calendar? There nobody would like to make a motion to approve it. >> I'll make a motion. >> Thank Andrew a second. >> I'll second. >> Okay. I'm all in favor.