Finance Committee

City of Edwardsville Finance Committee Minutes September 08, 2015 6:00 p.m. Present: Aldermen Art Risavy Chairman, Will Krause, Janet Stack, Rich Hampton, City Treasurer and Dennis W. McCracken City Clerk/Collector. Also Present: Hal Patton, Mayor, Tim Harr, City Administrator, Jeff Berkbigler, City Attorney, Craig Louer, Aldermen Ward 6, Tom Butts, Aldermen Ward 2, Paul Millard, Bank of Edwardsville, Matt Kamp, Edwardsville Intelligencer. Quorum present, Aldermen Risavy called the meeting to order at 6:00 p.m. No public comments made. Motion by Stack, seconded by Krause, to approve Finance Committee minutes from August 25, 2015. Motion Carried with Risavy, Krause and Stack voting aye. Information: Group Health Insurance Fund Report $420,595.81 Old Business: New Business: Claims in the amount of $804,613.55 (regular) $55,431.42 (library) for a total of $860,044.97 will be available for review. Forwarded to Council for approval on Tuesday, September 15, 2015. Energy Supply Renewal Discussion; Constellation and AEP contracts were given to Attorney Jeff Berkbigler for review. Façade Application for 223-225 N. Main Street (Erin Reilly) for the maximum reimbursement amount of $10,000 was removed from the Agenda per Walter Williams, Economic Community Development Director. Motion by Stack, seconded by Krause, to approve and forward to council a Resolution Determining The Intent of The City of Edwardsville, Illinois to Reimburse Itself for Certain Capital Expenditures in the amount of $16 million. Motion Carried with Risavy, Krause and Stack voting aye. Motion by Stack, seconded by Risavy, to approve the addition of Executive Session. Motion Carried with Risavy, Krause and Stack voting aye. Motion by Stack, seconded by Risavy, to go into Executive Session to discuss 2014 appraisal of 400 N. Main Street (Public Safety Building). And the presence of the Edwardsville Township office in the new Public Safety Facilities Building. Motion Carried with Risavy, Krause and Stack voting aye. Motion by Stack, seconded by Krause, forward to council a Recommendation to Approve Financing with Local Banking Institutions for Public Safety Facility Borrowing. Motion Carried with Risavy, Krause and Stack voting aye. Finance Committee will meet on Tuesday, September 29, 2015 at 4:30 p.m. in the Governor Edwards Conference Room. Finance Committee reconvened into Open Session and adjourned at 7:05 p.m. _____________________________ Art Risavy, Chairman