02-10-97 Personnel & Finance - Laserfiche WebLink

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`a Commftt*e **port: Personnel and Finance Committee to tfjs common Council of tfit Qtf tt of •outf Stub: The February 10, 1997, meeting of the Personnel and Finance Committee was called to order by its Chairperson, Councilmember Coleman, at 4:50 P.M. in the Council informal meeting room. Persons in attendance included Councilmembers: Kelly, Pfeifer, Aranowski, Broden, Varner, Ujdak, Coleman, Hosinski, Sniadecki; Mayor Luecke, Cathy Roemer, John Johnson of Healthy Communities, Matt Chlebowski, Don Porter, Ann Kolata, Jon Hunt, Chief Gunn, Assistant Chief Kilgore, John Stancoti, Don Fozo, Chief Taylor Sam Hensley,Jack Dillon,Jeff Rinard, Carl Littrell,Phil St. Clair,Dick Nussbaum,Liz Rowe, Amy Olson and Kathleen Cekanski-Farrand. Councilmember Coleman noted that the purpose of the meeting was to review Bill No. 9-97 which is an appropriation for various capital improvements for the 1997 calendar year. Mayor Luecke made the presentation. He noted that the capital improvement budget is approximately 18.8 million dollars. He stated that the budget emphasizes expenditures primarily from cash reserves, however in some limited instanced lease payments will be necessary. He also noted that the Water Works will be spending down most of its cash reserves and as a result a water rate increase will be necessary this year. Mr. Jeff Rinard then gave further detailed information. He specifically noted that three funds, namely the General Fund, the Parks and Recreation Fund, and the Economic Development Income Tax Fund will be amended since each of these funds will have a lesser amount that listed in Bill 9-97. Mr.Rinard then reviewed the 1997 "C.I.P Budget Detail"highlighting each of the major proposed expenditures(copy attached). Mr. Rinard and and City Controller, Cathy Roemer, then provided additional handouts (copy attached) the first entitled "South Bend Redevelopment Tax Increment Finance Projections"and "The City of South Bend Schedule of Outstanding Debt", along with a balance sheet reflecting the proposed appropriations set forth in Bill No.9-97. Ms. Roemer noted that the approximate 87 million dollars of expenses would be a cost to the City in total pay backs of approximately 153 million dollars as detailed on the handouts. Following a lengthy discussion of the Bill and proposed amendments, Councilmember Sniadecki made a motion , seconded by Councilmember Aranowski, that Bill No. 9-97 as to be amended be recommended favorably to Council. The motion passed A copy of the amended Bill is attached to the minutes. There being no further business to come before the committee,the meeting was adjourned at 5:55 p.m.