Laserfiche WebLink
(ln minim r Erpart <br /> A <br /> PERSONNEL & FINANCE COMMITTEE <br /> eta the Column &lountil of tip (DV of'ou#lt rnd: <br /> The February 11, 1991 meeting of the Personnel and Finance <br /> Committee was called to order by its Chairperson, Council <br /> Member Ann Puzzello at 4: 30 p.m. in the Council Informal <br /> Meeting Room. <br /> Persons in attendance included Council Members Zakrzewski, <br /> Duda, Coleman, Luecke, Niezgodski, Puzzello, Slavinskas, <br /> Soderberg, and Ladewski; John Leisenring, a member of the <br /> news media, and Kathleen Cekanski-Farrand. <br /> Council Member Puzzello noted that the first item on the <br /> agenda was to review Bill No. 9-91 which would amend Chapter <br /> 4 , Article 4 , Section 4-60, addressing Transient Merchants. <br /> Council Member Lee Slavinskas, the author of the Bill, noted <br /> that several other related issues have arisen since he <br /> initially introduced the Bill, which would address a lower <br /> fee for live Christmas trees and live wreaths being sold <br /> during the holiday season. He noted that Council Member <br /> Luecke raised important issues involving Section 4-38, <br /> involving open air stands. In light of this, and the fact <br /> that the Council Attorney is gathering further information <br /> and has been in contact with the Chamber of Commerce, he <br /> requested that the- Bill be continued indefinitely so that <br /> all of these items could be properly addressed. <br /> Council Member Luecke made a motion seconded by Council <br /> Member Zakrzewski that Bill No. 9-91 be continued <br /> indefinitely. The motion passed. <br /> Council Member Coleman noted that he has also received <br /> comments from various hotels, concerning the leasing of <br /> space for transient merchants. He requested that this <br /> concern also be addressed when the Bill is reveiewed. <br /> Council Member Puzzello then noted that the next item to be <br /> reviewed was Substitute Bill No. 12-91, which would <br /> authorize Tax Anticipation Time Warrants for 1991. <br /> Mr. John Leisenring passed out two handouts entitled <br /> "Projected Cash Flows" and "Park Department Cash Flow" . He <br /> noted that the Ordinance would authorize the borrowing of <br /> $6,240, 000. 00 in Tax Anticipation Warrants for the General <br /> Fund, and $900, 000. 00 for the Park Maintenance Fund. The <br /> City has decided to borrow for the entire year in order to <br /> fully realize the arbitrage profits as well as to reduce the <br /> administrative expenses associated with this borrowing. As <br /> the Ordinance indicates, the maximum amount of interest <br />