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Minutes from the Finance Committee meeting on May 26, 2005.
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Finance & Administration Committee Minutes
Thursday, May 26, 2005
4:00 p.m. - Huntington Building
Members Present: Alec Farmer, Darrel Dover, Jim Hargis, John Street and Harold Perrin. Councilwoman Williams was unable to attend. Others present were: Mayor Doug Formon, Brian Wadley, staff, David Gates with Lenders Title and media.
MINUTES
Councilman Perrin moved seconded by Councilman Dover for the approval of the minutes for April 21,, 2005 as provided. All voted aye. Copies were made available to all in attendance.
ORDINANCES & RESOLUTIONS
Councilman Farmer stated that since there were so many ordinances and resolutions needing consideration and since time may become a factor, the committee would review the ordinances and resolutions first and then time permitting covers specific department issues. He noted that David Gates with Lenders Title was present and would also be allowed to give his report to the committee before other business.
Resolution approving Willett v. City settlement: Councilman Street moved, seconded by Councilman Dover to recommend to the full council a resolution approving the settlement agreement with the addition of the corrected dollar amounts of the agreement. All voted aye.
Resolution Establishing Criteria for Use of the Capital Improvement Fund: Councilman Dover moved, seconded by Councilman Perrin to recommend to the full council a resolution establishing criteria for use of the Capital Improvement Fund. Councilman Farmer noted that the approval of this would reduce the City’s current budget deficit of approximately $2.9 million by half. He also noted that the resolution continues the commitment that the main priorities of this fund are for street and drainage improvements. All voted aye.
Resolution Approving Pitney Bowes Postage Agreement: Mr. Copeland asked that this resolution be withdrawn from the agenda.
Ordinance Transferring Funds fro...
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