Finance Committee (Meets 4th Tuesday of each month at 4:30 p.m.)

Finance Committee Proceedings City of Superior February 10, 2022 Members Present: Jack Sweeney and Tylor Elm Staff Present: Ashley Puetz, Jean Dotterwick, Deborah Kamunen, Jim Paine, Linda Cadotte, Chris Carlson and Darienne McNamara Others Present: Charles Harrington, Jenny Van Sickle, Joscelyn Skandel, Taylor Pedersen, Krzysztof Kopec’, Helmi Harrington, Kevin Friedrich, Roger Schmitz, Robert Dingmann and Shelley Nelson Members Excused: Brent Fennessey and Keith Kern Jack Sweeney called the meeting to order at 4:30 pm with a quorum present. Attendance was done by sign in and virtual meeting. 1. Approval of January 13, 2022 Finance Committee meeting minutes. Motion was made by Tylor Elm, seconded by Jack Sweeney and carried to approve the January 13, 2022 Finance Committee meeting minutes. 2. Tabled from the January 13, 2022 Finance Committee Meeting – 2022 Grant Application – A World of Accordions. In April of 2021, A World of Accordions was incorporated as a non-profit organization and received 501c3 status. The documentation has been sent to the Finance Committee. A question and answer period followed concerning outstanding accounts and notes and if the building has been transferred yet. Councilor Sweeney also questioned if there were any liens on the building, taking on any debt. All answered no. They also verbally confirmed the title is clear. The building is being leased to World of Accordions and the utilities and repairs will be taken on by World of Accordions. Motion was made by Tylor Elm, seconded by Jack Sweeney and carried to table this item until World of Accordions holds their meeting. 3. Referred from the February 1, 2022 City Council Meeting – Parks, Recreation & Forestry Director Cadotte recommending investing in SWL&P’s Community Solar Garden Project (20 blocks), for a total NTE $65,000. SWL&P is planning to build a clean-energy community solar garden with 470 kilowatt solar array anticipated to be built in 2022. Each block is estimated to produce 1,500 kWh per year. When considering an investment to help produce enough power for the electricity for the parks located in the CDBG qualified area, it is estimated by SWL&P that parks would need 20 blocks. This is estimated to produce enough energy to supply electricity to many city parks. EC-1 rates are the only eligible rates for the subscription. Current rates are $.115, however the solar rates will be set at $.14 and will not be affected by future rate increases. The project life span is anticipated to be upwards of 25 years and the electricity cost savings over 14 years is estimated at $35,000. Approval is being sought for $65,000 and would come out of currently budgeted 2022 Capital Parks Projects and if determined to be ARPA eligible will be allocated accordingly. A question and answer period ensued with SWL&P representative Joscelyn Skandel. Motion was made by Tylor Elm, seconded by Jack Sweeney and carried to approve investing in SWL&P’s Community Solar Garden Project (20 blocks) for a total NTE $65,000. 4. Tabled from the January 13, 2022 Finance Committee – Request from Councilor Sweeney from the November 18, 2021 Finance Committee Meeting – Public Works Director Todd Janigo and Environmental Regulatory Manager Darienne McNamara to propose increasing the landfill gate rate. 5. Tabled from the January 13, 2022 Finance Committee Meeting – Request from Councilor Sweeney from the November 18, 2021 Finance Committee Meeting – Public Works Director Todd Janigo and Environmental Regulatory Manager Darienne McNamara to discuss the tonnage and garbage rates for commercial cans versus residential cans. 6. 4th Quarter 2021 Financial Report from the Bong Center, TDF and Travel Superior – receive and file. Superior-Douglas County Chamber of Commerce President/CEO, Taylor Pedersen spoke on the strong finish for the 4th quarter of 2021. He indicated it was the best year ever. 7. 2021 SYO Financials – receive and file 8. Golf course Financials – receive and file. 9. Review 2021 year-to-date check register – receive and file. 10. Review January, 2022 check registers – 2021 and 2022 expenditures – receive and file. 11. Review General Fund Financial Statements – 2022 & 2021 Expenditure vs. Budget Analysis as of January 31, 2022 – receive and file. 12. General Financial Overview a. General updates. b. Update on top 3 financial concerns or updates. 13. Other financial matters. 14. Agenda items for next month. Motion was made by Tylor Elm, seconded by Jack Sweeney to table all other agenda items until the next Finance meeting, due to inclement weather. Having no other business, the Finance Committee Meeting adjourned at 5:26 p.m. Minutes respectfully submitted by Jean Dotterwick