Finance Committee

City of Joliet 150 West Jefferson Street Joliet, IL 60432 Meeting Minutes - Pending Approval Tuesday, December 19, 2023 5:30 PM City Hall, Council Chambers Finance Committee Committee Members Councilman Pat Mudron, Chairperson Councilman Larry Hug Councilwoman Jan Hallums Quillman Finance Committee Meeting Minutes - Pending Approval December 19, 2023 Page 1 of 1 Finance Committee Meeting Minutes - Pending Approval December 19, 2023 ROLL CALL: Present Councilman Pat Mudron and Councilwoman Jan Hallums Quillman Absent Councilman Larry E. Hug ALSO PRESENT: Kevin Sing - Director of Finance and Armando De Avila - Risk Management APPROVAL OF MINUTES: TMP-6752 Attachments: November 21, 2023 Minutes A motion was made by Councilwoman Jan Hallums Quillman, seconded by Councilman Pat Mudron, to approve the Minutes for November 21, 2023. The motion carried by the following vote: Aye: Councilman Mudron and Councilwoman Hallums Quillman Absent: Councilman Hug CITIZENS TO BE HEARD ON AGENDA ITEMS: None. AGENDA ITEMS: Authorization to Fund Predevelopment Loan Draw 7 to Riverwalk TMP-6759 Homes LLC in the amount of $341,502.30 Attachments: Draw Summary Kevin Sing - Director of Finance, gave an overview of TMP-6759, regarding the Authorization to Fund Predevelopment Loan Draw 7 to Riverwalk Homes, LLC. in the amount of $341,502.30. A brief discussion was held. A motion was made by Councilwoman Jan Hallums Quillman, seconded by Councilman Pat Mudron, to approve the Authorization to Fund Predevelopment Loan Draw 7 to Riverwalk Homes LLC in the amount of $341,502.30. The motion carried by the following vote: Aye: Councilman Mudron and Councilwoman Hallums Quillman Absent: Councilman Hug AN ORDINANCE OF THE CITY OF JOLIET, ILLINOIS, TMP-6762 PROVIDING FOR THE REDEMPTION OF A PORTION OF THE CITY’S GENERAL OBLIGATION BONDS, SERIES 2020B AND Page 1 of 4 Finance Committee Meeting Minutes - Pending Approval December 19, 2023 THE ABATEMENT OF A PORTION OF THE TAXES LEVIED FOR THE PAYMENT THEREOF Attachments: Ordinance Bond Redemption and Tax Abatement Mr. Sing, gave an overview of TMP-6762 regarding the Ordinance of the City of Joliet Providing for the Redemption of a Portion of the City's General Obligation Bonds, Series 2020B and the Abatement of a Portion of the Taxes Levied for Payment. A brief discussion was held. A motion was made by Councilwoman Jan Hallums Quillman, seconded by Councilman Pat Mudron, to approve the Ordinance of the City of Joliet, Illinois, Providing for the Redemption of a Portion of the City's General Obligation Bonds, Series 2020B and the Abatement of a Portion of the Taxes Levied for the Payment thereof. The motion carried by the following vote: Aye: Councilman Mudron and Councilwoman Hallums Quillman Absent: Councilman Hug Renewal of Group Health, Dental, Vision and Life Insurance TMP-6823 Programs Armando De Avila -Risk Management, presented TMP-6823, on the Renewal of Group Health, Dental, Vision and Life Insurance Programs for the City of Joliet. A brief discussion was held. A motion was made by Councilwoman Jan Hallums Quillman, seconded by Councilman Pat Mudron, to approve the Renewal of Group Health, Dental, Vision and Life Insurance Programs. The motion carried by the following vote: Aye: Councilman Mudron and Councilwoman Hallums Quillman Absent: Councilman Hug REPORTS: TMP-6753 Attachments: November 2023 Monthly Finance Report Mr. Sing, gave a brief overview of TMP -6753 for the Monthly Financial Report. A brief discussion was held. A motion was made by Councilwoman Jan Hallums Quillman, seconded by Councilman Pat Mudron, to approve the Monthly Financial Report. Page 2 of 4 Finance Committee Meeting Minutes - Pending Approval December 19, 2023 The motion carried by the following vote: Aye: Councilman Mudron and Councilwoman Hallums Quillman Absent: Councilman Hug TMP-6754 Attachments: Travel Report November 2023 Mr. Sing, gave a brief overview of TMP -6754 for the Travel Expense Report. No further discussion held. A motion was made by Councilwoman Jan Hallums Quillman, seconded by Councilman Pat Mudron, to approve the Travel Expense Report. The motion carried by the following vote: Aye: Councilman Mudron and Councilwoman Hallums Quillman Absent: Councilman Hug TMP-6755 Attachments: December 2023 Personal Summary Report Mr. De Avila, presented TMP-6755 regarding the December Personnel Summary Report for the positions currently open within the City of Joliet and the Local 440 Union. A brief discussion was held with concerns for the positions currently open with the 911 Center not being filled. A motion was made by Councilwoman Jan Hallums Quillman, seconded by Councilman Pat Mudron, to approve the Personnel Summary Report. The motion carried by the following vote: Aye: Councilman Mudron and Councilwoman Hallums Quillman Absent: Councilman Hug NEW OR OLD BUSINESS, NOT FOR FINAL ACTION OR RECOMMENDATION: None. PUBLIC COMMENTS: None. ADJOURNMENT: Page 3 of 4 Finance Committee Meeting Minutes - Pending Approval December 19, 2023 A motion was made by Councilwoman Jan Hallums Quillman, seconded by Councilman Pat Mudron to adjourn. The motion carried by the following vote: Aye: Councilman Mudron and Councilwoman Hallums Quillman Absent: Councilman Hug This meeting will be held in an accessible location. If you need a reasonable accommodation, please contact Christa M. Desiderio, City Clerk, 150 West Jefferson Street, Joliet, Illinois 60432 at (815) 724-3780. PRESENTATIONS: ID-1514-20 None. This section is for anyone wanting to speak regarding agenda ID-1515-20 items and are allowed a maximum of 4 minutes. It is not a question and answer period and staff, and the Committee members do not generally respond to public comments. The City Clerk has a copy of the public speaking procedures; please note, speakers who engage in conduct injurious to the harmony of the meeting shall be called to order by the Presiding Officer and may forfeit the opportunity to speak. This section is for anyone wanting to speak regarding ID-1516-20 non-agenda items and are allowed a maximum of 4 minutes. It is not a question and answer period and staff, and the Committee members do not generally respond to public comments. The City Clerk has a copy of the public speaking procedures; please note, speakers who engage in conduct injurious to the harmony of the meeting shall be called to order by the Presiding Officer and may forfeit the opportunity to speak. CLOSED SESSION: ID-1517-20 None. Page 4 of 4