City Council

Minutes of the TROY CITY COUNCIL Finance MEETING August 22nd, 2024 6:00 P.M. The meeting was called to order at 6:10 p.m. by Council President Steele. Roll Call: The roll being called, the following answered to their names: Council Member Keal, Council Member Brosnan, Council Member Spain-McLaren, Council Member Vera, Council Member Sorriento, Council Member Casey, Council President Steele, Chair. In attendance were Mayor Carmella Mantello, Deputy Mayor Seamus Donnelly, Corporation Counsel Dana Salazar, Approximately 20 members of the public attended. Public Forum: -Lena Hendrickson -Liz Moran -Rob Hayes -David Banks -Greg Campbell-Cohen 42. Ordinance Amending The 2024 Miscellaneous Special Revenue Fund Budget (Council Member Casey) (At The Request Of The Administration) Ordinance passed 7 ayes, 0 nos 0 abstentions. 0 absent 43. Ordinance Transferring Funds Within The Special Grants Fund Budget (Council Member Casey) (At The Request Of The Administration) Ordinance passed 7 ayes, 0 nos 0 abstentions. 0 absent 44. Ordinance Transferring Funds Within The 2024 General Fund Budgets (Council President Steele, Council Member Casey) (At The Request Of The Administration) Ordinance passed 7 ayes, 0 nos 0 abstentions. 0 absent 45. Ordinance Amending The 2024 General Fund And Garbage Fund Budgets (Council Member Casey) (At The Request Of The Administration) Ordinance passed 7 ayes, 0 nos 0 abstentions. 0 absent 125. Resolution Of Troy City Council Declaring Intention To Act As Lead Agency Pursuant To The State Environmental Quality Review Act In Connection With A Proposed Project To Develop A Clean Thermal Energy Network Within The City Of Troy, Including Certain Improvements Within Riverfront Park, And Authorizing The Scheduling And Conduct Of A Public Hearing Pursuant To Section 1411(D)(3) Of The Not-For-Profit Corporation Law To Consider Leasing City Property To The Troy Local Development Corporation For The Proposed Project (Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent 1 126. A Resolution To Commemorate The Service Of Michael Cocca, Jr., By Designating That Portion Of Grand Street Between Fourth Street And Fifth Avenue As “Michael Cocca, Jr., Way” (Council President Steele, Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent 127. Resolution Of The Troy City Council Requesting That The New York State Comptroller And The New York State Attorney General Issue Advisory Opinions On Whether A City May Lawfully Issue General Obligation Bonds To Fund Replacement Of All Public And Privately Owned Lead Water Service Lines In The Municipality (Council President Steele, Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent 128. Resolution Authorizing Expanding The Scope Of The Lead Service Line Replacement Project And The Additional Expenditure Therefor (Council President Steele, Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent 129. Resolution Authorizing The Hiring Of BST & Co. LLP, A Financial Accounting Consultant, To Close Out Fiscal Year 2023, To File An Amended 2023 Annual Financial Report, And To Provide 2024 Accounting Services (Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent 130. Resolution Of The Troy City Council Authorizing An Advertised Salary Range For The Position Of City Comptroller (Council President Steele, Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent 131. Resolution Determining That Proposed Lead Service Line Replacement Program Is A Type II Action For Purposes Of The New York State Environmental Quality Review Act (Council President Steele, Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent 132. Bond Resolution Of The City Of Troy, New York, Authorizing The Issuance Of $12,823,000 Serial Bonds To Finance The Replacement Of Lead Service Lines (Council President Steele, Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent 133. Resolution Authorizing The Mayor To Enter Into A Funding Agreement With The Environmental Facilities Corporation For Loan And Grant Funding Of The City Of Troy’s Lead Service Line Replacement Program (Council President Steele, Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent 2 134. Resolution In Support Of A Home Rule Message Requesting That The Senate And Assembly Of The State Of New York Enact Bills Permitting The City Of Troy To Issue General Obligation Bonds For Replacement Of All Lead Water Service Lines Due To A Public Health Emergency (Council President Steele, Council Member Casey) (At The Request Of The Administration) Resolution passed 7 ayes, 0 nos 0 abstentions. 0 absent Adjournment The meeting adjourned at 7:36 p.m. A video recording of this meeting is on file at the City Clerk's office. 3