Finance Committee

City of Annapolis 160 Duke Of Gloucester Street Annapolis, MD 21401 Standing Committee Meeting Minutes Wednesday, February 23, 2022 10:30 AM Special Virtual Meeting Mayor John T. Chambers, Jr. City Council Chambers Finance Committee Finance Committee Standing Committee Meeting February 23, 2022 Minutes Call To Order Chairwoman Tierney called the meeting to order at 10:45 a.m. Roll Call Present: 3- Alderwoman Tierney, Alderwoman O'Neill and Alderwoman Finlayson Approval of Agenda (any changes to the agenda should be made here) Alderwoman Finlayson moved to adopt the Special Meeting Agenda as amended to include a presentation from Davenport Public Finance and Eileen Fogarty. Seconded. The motion carried by the following vote: Aye: 3- Alderwoman Tierney, Alderwoman O'Neill and Alderwoman Finlayson 1. Business and Miscellaneous Approval of Minutes FC02.16.22 Approval of Minutes for the Regular Meeting Attachments: FC02.16.22 Alderwoman O'Neill moved to approve the Minutes for the Regular Meeting. Seconded. A roll call vote was taken. The motion CARRIED by the following vote: Aye: 3- Alderwoman Tierney, Alderwoman O'Neill and Alderwoman Finlayson Committee Presentations ID-44-22 Debt Capacity Update: Davenport, Eileen Fogarty Attachments: Annapolis Hillman Garage Debt Financing Presentation 2.22.22 CBRE Final Present 2-23-22City of Annapolis Hillman Garage Deck Draft_v12_2.22.22[2] City Manager Jarrell, Mayor Buckley, Acting Transportation Director Agyemang-Duah, and Finance Director Dickinson, were present and answered questions from the committee. Alderman Arnett, Alderman Gay, and Alderman Schandelmeier, were present and addressed the committee. Eileen Fogarty, 1106 Maple Avenue, Annapolis, MD 21401, was present and answered questions from the committee. Representatives from Davenport Public Finance were as follows: Michael McShea, 901 E Cary Street #1100, Richmond, VA 23219 Troudy Vaughan, 901 E Cary Street #1100, Richmond, VA 23219 Joe Mason, 901 E Cary Street #1100, Richmond, VA 23219 Jennifer Deiercksen, 901 E Cary Street #1100, Richmond, VA 23219 City of Annapolis Page 2 Finance Committee Standing Committee Meeting February 23, 2022 Minutes Nate Betnun, 901 E Cary Street #1100, Richmond, VA 23219 2. Legislation before Committee R-9-22 Annapolis Parking Concession Agreement - Hillman Garage - For the purpose of expressing City Council support for the execution of the Annapolis Parking Concession Agreement for certain City-owned property known as the Hillman Garage parking facility, between Annapolis Mobility and Resilience Partners, LLC and the City of Annapolis. Attachments: R-9-22 First Reader R-9-22 Staff Report R-9-22 Fiscal Impact Note R-9-22 Amendment 1 - Finlayson R-9-22 Amendment 2 - Tierney No action taken Adjournment Alderwoman O'Neill left the meeting at 12:30 p.m. Upon motion duly made, seconded and adopted, the meeting was adjourned at 2:05 p.m. Teekia Green City Council Associate City of Annapolis Page 3