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y <br /> QSnn(mittrr Smart <br /> PERSONNEL AND FINANCE COMM ITEE <br /> �!o ttp Qlmn uwn &until of tip Otis of Snnt1 Snit: <br /> The January 27, 1992 meeting of the Personnel and Finance Committee was called to order <br /> by its Chairperson, Council Member Ann Puzzello at 4:15 p.m. in the Council Informal <br /> Meeting Room. <br /> Persons in attendance included Council Members Zakrzewski, Duda, Coleman, Luecke, <br /> Washington, Kelly, Puzzello, Slavinskas and Ladewski; Jenny Pitts Manier, Katie <br /> Humphreys,Don Porter, John Leisenring, and Kathleen Cekanski-Farrand. <br /> The Committee heard a presentation by Mr. John Leisenring on Bill No. 6-92 which would <br /> authorize Tax Anticipation Time Warrants for 1992. He noted that the City cannot borrow <br /> more than 90 % of the expected deficit. It is anticipated that interest rates would be <br /> between 4 or 5%. <br /> Council Member Ladewski questioned whether the City contacts larger taxpayers and <br /> requests that they pay their taxes earlier. He noted that such a policy was in effect several <br /> years ago. <br /> Following further discussion, Council Member Coleman made a motion, seconded by <br /> Council Member Ladewski, that Bill No. 6-92 be recommended favorably to Council. The <br /> motions passed. <br /> There being no further business to come before the Committee the meeting was adjourned <br /> at 4:25 p.m. <br /> Respectfully submitted, <br /> Council Member Ann Puzzello, Chairperson <br /> Personnel and Finance Committee <br /> • <br />