Finance Committee

City Hall Meeting Minutes 601 4th Avenue E Olympia, WA 98501 Finance Committee Information: 360.753.8244 Wednesday, February 26, 2020 5:00 PM Room 207 Special Meeting 1. CALL TO ORDER Chair Cooper called the meeting to order at 5:05 p.m. 2. ROLL CALL Present: 3 - Chair Jim Cooper, Committee member Cheryl Selby and Committee member Lisa Parshley 3. APPROVAL OF AGENDA The agenda was approved. 4. PUBLIC COMMENT The following people spoke: Luwana Hawley, Julie Boyer, Todd Monohon, Barbara Baker, Patty Belmonte, Iri Alexander, Joby Shimomura, Robert Coit and Steve Segall. 5. APPROVAL OF MINUTES 5.A 20-0186 Approval of January 15, 2020 Finance Committee Meeting Minutes The minutes were approved. 6. COMMITTEE BUSINESS 6.A 20-0032 Discussion of Financial Impacts and Recommendation on whether City would opt into the Proposed Downtown Improvement District (DID) Strategic Projects ManagerAmy Buckler and Olympia Downtown Alliance Executive Director Todd Cutts presented information about the Downtown Improvement District (DID). Committee members asked clarifying questions. Committee member Parshley moved, seconded by Committee member Selby, to recommend opting into the Downtown Improvement District and forward the recommendation to the City Council for approval and direct staff to inlcude the City’s in-kind contributions in the supporting resolution; complete City of Olympia Page 1 Finance Committee Meeting Minutes February 26, 2020 a financial review of the Olympia Downtown Alliance organization and a 10-year analysis of the DID's impact's to the General Fund. The motion carried by the following vote: Aye: 3 - Chair Cooper, Committee member Selby and Committee member Parshley 6.B 20-0187 Economic Ecosystem Study Discussion Economic Development Director Mike Reid presented a report of the City's Economic Ecosystem. Chair Cooper requested the study be made available on the City website. Committee members asked clarifying questions. The discussion was completed. 6.C 20-0188 Priorities, Performance, and Investment (PPI) Cycle Community Engagement in 2020 Senior Planner Stacey Ray briefed the Committee on the community engagement plan for 2020 to inform our 2021 budget investments. Staff recommended hosting a community conversation with community members who rent in the City of Olympia to better understand their perspectives on the community’s top priorities. Committee members asked clarifying questions. The discussion was completed. 6.D 20-0183 Oral Report - Review and Discuss 2019 Year-End General Fund Balance Administrative Services Director Debbie Sullivan briefed the Committee on 2019 revenue and expenditures to date and discussed the Committee’s priorities for allocating 2019 General Fund savings. Committee members asked clarifying questions. The report was completed. 7. REPORTS AND UPDATES - None 8. ADJOURNMENT The meeting adjourned at 7:28 p.m. City of Olympia Page 2