Finance Committee

City of Annapolis 160 Duke Of Gloucester Street Annapolis, MD 21401 Standing Committee Minutes Wednesday, December 5, 2018 10:30 AM Mayor John T. Chambers, Jr. City Council Chambers Finance Committee Finance Committee Standing Committee Minutes December 5, 2018 1. Call To Order Chairman Arnett called the meeting to order at 10:34 a.m. 2. Roll Call Present: 3- Alderman Arnett, Alderman Paone and Alderman Finlayson 3. Approval of Agenda (any changes to the agenda should be made here) Alderman Paone moved to adopt the Regular Meeting Agenda. Seconded. A roll call vote was taken. The motion CARRIED by the following vote: Aye: 3- Alderman Arnett, Alderman Paone and Alderman Finlayson 4. Business before Committee a. Approval of Minutes FC11.21.18 Approval of Minutes for the Regular Meeting Alderman Paone moved to approve. Seconded. A roll call vote was taken. The motion CARRIED by the following vote: Aye: 3- Alderman Arnett, Alderman Paone and Alderman Finlayson b. Supplemental Appropriations SA-35-19 Fund: Reforestation - Fund Source of Surplus Funds: Non-Critical Area Fee in Lieu of Planting Revenue: Fund Source of Surplus Funds: Non-Critical Area Fee in Lieu of Planting Expenditure: Tree Planting Contract Services Alderwoman Finlayson would like something written in the contract as to why they are paying in lieu of instead of planting. Finance Operations Manager Pletzer and Finance Director Dickinson were present and answered questions from the committee. Alderwoman Finlayson moved to recommend favorably. Seconded. A roll call vote was taken. The motion CARRIED by the following vote: Aye: 3- Alderman Arnett, Alderman Paone and Alderman Finlayson SA-36-19 Fund: General - Source of Funds: Domino’s Pizza, LLC Revenue: Traffic Impact Study Expenditure: P&Z Contract Services Expense Finance Operations Manager Pletzer was present and answered questions from the committee. Alderwoman Finlayson moved to recommend favorably. Seconded. A roll call vote was taken. The motion CARRIED by the following vote: Aye: 3- Alderman Arnett, Alderman Paone and Alderman Finlayson 5. Legislation before Committee City of Annapolis Page 1 Finance Committee Standing Committee Minutes December 5, 2018 O-46-18 Modification of use of unexpended proceeds of certain of the City’s general obligation bonds - For the purpose of modifying the use of unexpended proceeds of the City’s Public Improvements Bonds, 2011 Series B, the City’s Public Improvements Bonds, 2012 Series, the City’s Public Improvements Bonds, 2013 Series, the City’s Public Improvements Bonds, 2015 Series A, and the City’s Public Improvements Bonds, 2016 Series A (Tax-Exempt). Finance Director Dickinson, Fire Chief Stokes, Deputy Fire Chief Remaley, City Manager Sutherland, and Public Works Director Jarrell were present and answered questions from the committee. Alderwoman Finlayson moved to recommend favorably with the addition of the addendum to the staff report, and the committee also wishes to recommend that the ordinance recieves a public hearing as well as a vote on 2nd and 3rd reader at the December 10, 2018 City Council meeting in order to take advantage of the radio sale. Seconded. A roll call vote was taken. The motion CARRIED by the following vote: Aye: 3- Alderman Arnett, Alderman Paone and Alderman Finlayson 6. General Discussion ID-280-18 Update from the Finance Department Finance Director Dickinson and Finance Operations Manager Pletzer were present and provided the committee with an update. Chairman Ross would like a breakdown of purchasing versus leasing. 7. Adjournment Upon motion duly made, seconded and adopted, the meeting was adjourned at 12:13 p.m. Teekia Green City Counicl Associate City of Annapolis Page 2