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City Council Finance Committee

Regular Meeting

Huntsville, TX · June 2, 2020

AgendaMinutes

Minutes

Finance Committee Minutes June 2, 2020 Members Present: Joe Rodriquez, Russell Humphrey, and Dee Howard Mullins Staff Present: Aron Kulhavy, Steve Ritter, Brent Sherrod, and Tammy Gann The agenda items discussed were: • Approved the minutes from the June 2, 2020 meeting. • Discussed the Budget amendment for the purchase of the land in the MLK area. Aron indicated that we are close to having a “clean title” to the property, 4 out of the 5 have signed the paperwork. Mr. Rodiquez indicated that he wanted to be sure that we would have a clean title before approving the budget amendment with the full counsel. • Aron discussed the debt for Proposition #2 and the possible issue of Certificates of Obligation (CO) and possible use of Unallocated Reserves for General Fund and potential Capital Improvement Projects (CIP) related to each Certificate of Obligation and use of UAR. Aron passed out an updated handout of Prop 2 funding and the options that the Finance committee had agreed on Option # 4. Option 4 will be the option presented to the full City Council at the workshop today at 4:30 pm. Aron reminded the committee members that basically the funding is set up to be 23% General Fund and 77% from the Utility Fund. $2 million would be cash/unallocated reserve monies to pay for the furniture/fixtures and equipment (FFE). Aron indicated that the $2M planned for MLK was for the construction only. Aron also reminded the committee that the debt tax rate would remain the same with Option #4

Agenda

CITY OF HUNTSVILLE, TEXAS Andy Brauninger, Mayor Joe P. Rodriquez, Ward 4, 2020 Chairman Dee Howard Mullins, At-Large Position 2 Russell Humphrey, Ward 2 HUNTSVILLE CITY COUNCIL FINANCE COMMITTEE AGENDA TUESDAY, JUNE 2, 2020 - 8:30 A.M. CITY COUNCIL CONFERENCE ROOM HUNTSVILLE CITY HALL, 1212 AVENUE M, HUNTSVILLE, TEXAS 77340 The City reserves to right to take temperatures of those wanting to attend and encourages attendees to wear face masks. The City reserves the right to deny access to the meeting because of the above requirements for the safety of its citizens. Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services are requested to contact the City Secretary’s office (936.291.5413), two working days prior to the meeting for appropriate arrangements. 1. CALL TO ORDER 2. DISCUSSION/CONSIDERATION The Finance Committee will hear presentations, discuss and may consider recommendations to the City Council on the following items. a. Approve minutes of May 5, 2020 meeting b. Discuss proposed additions to Fee Schedule for FY 20-21 Budget – “Big Sam Club” and fees to film companies (“Film Friendly Community” – Texas Film Commission) and other c. Discussion - potential Certificate of Obligation (“CO”) debt: amount and desired project(s) and timetable for issuing – for resolution 3. ADJOURNMENT It is possible that a quorum of the City Council may be present, but the Council will not be deliberating or taking any action at this meeting. Councilmembers in attendance who are not members of the Finance Committee will not offer comment or otherwise participate in the Finance Committee meeting. CERTIFICATE I, Brenda Poe, do hereby certify that a copy of the June 2, 2020, Finance Committee Meeting Agenda was posted on the City Hall bulletin board, a place convenient and readily accessible to the general public at all times, and to the City’s website, www.HuntsvilleTX.gov, in compliance with Chapter 551, Texas Government Code. DATE OF POSTING: 5/29/2020 Brenda Poe ________________________________________ TIME OF POSTING: 11:45 a.m. Brenda Poe, City Secretary DATE TAKEN DOWN:

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