City Council

r of Addressing Council. Mr. Fisher read the Manner of Addressing Council. 7. Advertised Public Hearings: A. A RESOLUTION NO 22-15 – Advertised Public Hearing 5:30 P.M. Approving a Lease Agreement with Collegiate Baseball Experience for the use of Shepherd Stadium. A motion was made by Mr. Piotrowski, seconded by Mrs. Luck, to adopt Resolution No. 22-15. Mr. Smith recalled staff’s previous discussed revisions to the lease agreement and advised of the following revisions:  Extension of the current three-year agreement to five years through October 31, 2026, to include no increase in annual lease payment amounts.  Revised indemnification language. There were no comments from the public or Council. Vote: 7-0 Yes: Frenier Piotrowski Poe Wade Wood Luck Kochuba No: None Absent: None Abstained: None Special Meeting Minutes April 26, 2022 Page 4 Motion UNANIMOUS PASS B. Proposed Real Property Tax Increase – Advertised Public Hearing 6:00 P.M. (Note: The City is not increasing the current property tax rate of $1.20 per $100 assessed value). Mr. Smith advised that the City was required to hold a public hearing to maintain the current real property tax rate due to the increase in assessed values from the January 1, 2022 reassessment of property values. Mr. Smith also advised that the city was not increasing the current property tax rate of $1.20 per $100 of assessed value. Public Comment: Larry Fox, 202 Woodridge Road – Mr. Fox provided comments suggesting that the current tax rate be maintained; further noting that some localities were reducing their rates. Mr. Fax also suggested tax breaks for senior citizens. Cecelia Lewis, 204 Woodridge Road – Spoke in opposition of the tax increase and asked that Council consider tax breaks for senior citizens. Mr. Fisher clarified tax abatement guidelines for senior citizens as stated in the City Code. Addressing Mr. Lewis’ comments, Mrs. Luck clarified that half any revenue collected by increased taxes, went directly to City schools. C. AN ORDINANCE NO 22-FIN-5 – Advertised Public Hearing 7:00 P.M. (First Reading) Appropriating and providing funds for financing the City of Colonial Heights Public School Budget for the fiscal year beginning July 1, 2022 and ending June 30, 2023, and approving such budget. A motion was made by Mr. Piotrowski, seconded by Mrs. Luck, to adopt Ordinance No. 22-FIN-5. Mayor Kochuba clarified the process by which the schools were funded stating they received over 50.7% of the City’s revenue sources. Before continuing with the Public Hearing, Mr. Smith recognized Ms. Melissa Lynch, Finance Director for the City’s schools. Public Comment: There were none. Council Comment: Special Meeting Minutes April 26, 2022 Page 5 Addressing Mrs. Luck’s question, Mrs. Lynch advised that the School Board Budget was available for viewing on the school’s website. Mr. Wood stated that the overall budget had increased approximately 15%. There being no further comments, Mayor Kochuba called for the vote. Vote: 7-0 Yes: Frenier Piotrowski Poe Wade Wood Luck Kochuba No: None Absent: None Abstained: None Motion UNANIMOUS PASS 8. A Work Session on the Following Items: A. Presentation and Discussion of the Proposed FY23-27 Capital Improvement Plan Mr. Smith advised that the CIP had been discussed, considered, and approved by the Planning Commission at April regular meeting. Mr. Smith presented the following:  $158.5M total projects (funded and unfunded)  $17M proposed funded projects  $13.9M in debt required for proposed projects  $141.4M in projects remain unfunded. Mr. Smith provided the FY23 projects and the net cost which totaled 13 projects and $4,306,688.00. Continuing, Mr. Smith advised of the following funding sources:  General Fund “Pay-Go” $ 12,000  Use of Assigned General Fund Balance $ 175,000  Stormwater Transfer Fund Balance $3,688,088  Issuance of Debt – General Fund $4,306,688 Mr. Smith’s presentation also included information relative to funding for the two high school projects. At the conclusion of his presentation, Mr. Smith provided the CIP