HomeMy WebLinkAbout10-14-02 Personnel & Finance Gommittr Ittport
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The October 14, 2002 meeting of the Personnel and Finance Committee was called to order by its
Chairperson, Council Member James Aranowski at 3:55 p.m. in the Council Informal Meeting
Room.
Persons in attendance included Council Members Aranowski, Pfeifer, King, Kuspa, Varner,
Kirsits, Coleman and Kelly;City Controller Rick 011ett, City Clerk Loretta J. Duda, Community&
Economic Development Director Jon Hunt, Michael Beitzinger, Ann Kolata, Terry Bland of the
oitUJ Oltuti tr ibuut and Kathleen Cekanski-Farrand, Council Attorney.
Council Member Aranowski called for a presentation on Bill No. 68-02 which would set the 2003
salaries for the
Mayor and the City Clerk.
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City Clerk, Loretta J. Duda, made the presentation. She stated that the proposed salary for the
Mayor of$84,096 and for the City Clerk of$45,556 reflect a 4% increase over the 2002 budgeted
amount. This percentage increase would be consistent with non-bargaining employee salary
increases for 2003.
Following discussion, Council Member King made a motion, seconded by Dr. Varner that Bill
No. 68-02 be recommended favorably to Council. The motion passed.
The Committee then reviewed Substitute Bill No. 76-02 which would authorize the preliminary
issuance of bonds to evidence a loan from the Indiana Department of Environmental Management
Brownfields Cleanup Revolving Loan Fund which is administered by the Indiana Development
Finance Authority.
Ann Kolata, Senior Redevelopment Specialist with Community & Economic Development, made
the presentation. The ordinance would pledge a portion of the City's COIT revenues to make
payments on the bonds to repay the$1 million loan form the Brownfields Cleanup Revolving Loan
Fund to cover the costs of remediation at Fredrickson Park. The maximum period for repayment
would be twenty (20) years at a maximum interest rate of 3 %. Ms. Kolata noted that discussions
are currently addressing a ten (10) year payment period at a maximum rate of 2.5% with a 10%
amount of the loan to be forgiven. She noted that she would be back to the Council at the end of
November since the State of Indiana will not take action on the measure until November 19th.
Following discussion, Dr. Varner made a motion, seconded by Council Member King, that
Substitute Bill No. 76-02 be recommended favorably to Council. The motion passed.
There being no further business to come before the Committee, Council Member Aranowski
adjourned the meeting at 4:00 p.m.
Respectfully submitted,
Council Member James Aranowski, Chairperson
Personnel and Finance Committee
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