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Minutes for the Finance Committee meeting on December 16, 2004.
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Finance & Administration Committee Minutes
Monday, December 16, 2004
6:15 p.m. - Huntington Building
Members Present: Alec Farmer, Darrel Dover, Jim Hargis, Harold Perrin, and Ann Williams. Others present were: Donna Jackson, City Clerk, Mayor Brodell and Mayor-Elect Formon, staff and media.
MINUTES
Councilman Perrin moved seconded by Councilman Hargis for the adoption of the minutes for November 18, 2004 and December 6, 2004 as provided. All voted aye. Copies were made available to all in attendance.
ORDINANCES & RESOLUTIONS
Notice of Intent - Centerpoint & SBC- Councilman Dover moved, seconded by Councilman Perrin to recommend to the full council two separate ordinances, one for Centerpoint Energy (ARKLA) and the other for SBC, giving notice of intent to terminate and renegotiate the franchise fee contracts. All voted aye.
Political Freedom Act - Councilman Perrin moved, seconded by Councilman Dover to recommend to the full council a resolution recognizing Public Employees’ Political Freedom Act and reminding employees’ of their duties and responsibilities. All voted aye.
FINANCE
APERMA - Councilman Farmer explained because the City of Jonesboro is a member of the Arkansas Municipal League (AML), the League does not fall under the same bid requirements as an outside “for profit” business. He further explained action must be taken by the next council meeting due to the expiration of the insurance coverage on December 31, 2004. Mr. Mark Hayes, Attorney with the Arkansas Municipal League gave a presentation on the AML program. He stated the APERMA package included coverage for property, vehicles and liability at a cost of $264, 995.00 in addition to a separate Public Officials Liability Insurance policy for $38,950.00 making the complete total $303,945.00. The price for property, vehicle, and legal defense with the AML was $185,480.90. Mr. Hayes explained with the pur...
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