City Council

Minutes of Special Meeting of Municipal Building Authority of Ogden City, Utah, May 12, 2015 Page Minutes of the Special Meeting of the Ogden City Municipal Building Authority held on Tuesday, May 12, 2015 at 6:16 p.m., in the Council Chambers on the third floor of the Municipal Building, 2549 Washington Boulevard, Ogden City, Weber County, Utah. Present: Chair Richard A. Hyer Vice Chair Marcia L. White Trustees Neil K. Garner Caitlin K. Gochnour Doug Stephens Amy L. Wicks Board Administrator Bill Cook Board Deputy Administrator Janene Eller-Smith Board Policy Analyst Glenn Symes Communications Specialist Brittany Griffin Excused: Trustee Bart E. Blair Also present: President Mike Caldwell Chief Administrative Officer Mark Johnson City Attorney Gary Williams Assistant City Attorney Mark Stratford Public Services Director Jay Lowder Community and Economic Development Director Tom Christopulos Community and Economic Development Deputy Manager Brandon Cooper Planning Manager Greg Montgomery Community Development Manager Ward Ogden Acting Treasurer Gabe Johns Comptroller Lisa Stout Senior Accountant Camille Cook Fleet and Facilities Manager Richard Brookins Engineer Taylor Nielsen City Recorder Tracy Hansen Presentation of the proposed budget for Fiscal Year 2015-2016 and proposed Resolution 2015-1 adopting the annual budget for Fiscal Year 2015-2016 A memo from the Management Services Department regarding the proposed Municipal Building Authority (MBA) Fiscal Year (FY) 2015-2016 budget came before the Board for consideration. The memo stated the current proposal is to set a public hearing for June 2, 2016 to consider the proposed budget totaling $544,800. Senior Accountant Cook summarized the memo and stated the total MBA budget is only changing by $50 from FY2015 to FY2016; this equates to a .01 percent increase. The budget is based upon debt service obligations within the MBA; there is approximately $3.8 million in outstanding bonded debt from two separate bond issues. The 2006 bond will be paid off in 2021 and the 2007 bond will be paid off in 2028. Lease revenue is collected in the MBA from the general fund to pay the 2007 stadium bond debt and lease revenue is collected in the MBA from the general fund, water, sanitary sewer, storm sewer, and refuse funds to pay the 2006 bond that was issued for construction of the Public Works Facility. She concluded the proposed budget will be posted to the City’s website by tomorrow at 10:00 a.m. and the line item revenue and expense budgets were posted as part of the City budget on May 6, 2015. Chair Hyer then introduced in writing proposed Resolution 2015-1, entitled: “A resolution of the Board of Trustees of the Ogden City Municipal Building Authority adopting the annual budget for Fiscal year 2015-2016.” A copy of the proposed resolution was deposited with the City Recorder and ordered that the City Recorder have at least one copy available for public inspection in her office during all business hours. The proposed resolution was then read by long title. TRUSTEE GOCHNOUR MOVED A PUBLIC HEARING ON THE PROPOSED RESOLUTION BE HELD IN THE CITY COUNCIL CHAMBERS ON JUNE 2, 2015, DURING THE CITY COUNCIL MEETING TO BE HELD AT 6:00 P.M. AND THAT THE CITY RECORDER BE DIRECTED TO PROVIDE NOTICE AS REQUIRED BY LAW. MOTION WAS SECONDED BY TRUSTEE WICKS, ALL VOTING AYE. Trustee Blair was not present when this vote was taken. There being no further business to come before the Council, TRUSTEE WICKS MOVED THE MEETING ADJOURN AT 6:19 P.M. MOTION WAS SECONDED BY TRUSTEE GARNER, ALL VOTING AYE. ________________________________________ TRACY HANSEN, MMC CITY RECORDER ________________________________________ RICHARD A. HYER, CHAIR APPROVED: September 8, 2015