Finance Committee

CITY OF VERONA MINUTES FINANCE COMMITTEE NOVEMBER 25, 2013 VERONA CITY HALL 1. The meeting was called to order by William “Mac” McGilvray at 6:37 p.m. 2 Roll Call: William “Mac” McGilvray, Elizabeth Doyle, Scott Manley. Also present: Jon Hochkammer; Bill Burns, City Administrator; Cindy Engelke, Finance Director; Bernie Coughlin, Police Chief. 3. Approval of the 11/11/2013 Finance Committee Minutes: Motion by McGilvary, seconded by Doyle, to approve the 11/11/2013 Finance Committee minutes. Motion carried 3-0. 4. Payment of Bills: Motion by Manley, seconded by McGilvray, to approve the payment of bills in the amount of $657,533.72. Motion carried 3-0. 5. TIF V Final Audit Report: Mr. Burns explained that Baker Tilly has completed the final audit for the closure of Tax Increment Financing District #5 and compiled the final financial statements. Included in the statements is a list of the amount of the residual funds that will be returned to each taxing jurisdiction. Motion by Manley, seconded by McGilvray, to recommend that the Council accept the TIF 5 final audit report. Motion carried 3-0. 6. Approving a Professional Services Agreement with Tri-North Builders for Construction Management Services for a new Fire and EMS Facility This item was discussed at the previous Finance Committee meeting. All of the previously discussed changes have been incorporated into the final document. The City Attorney and City Administrator have reviewed the agreement and recommend approval. Motion by McGilvray, seconded by Manley, to recommend that the Council approve the professional services agreement with Tri-North Builders. Motion carried 3-0. 7. Adjournment: Motion by McGilvray, seconded by Doyle, to adjourn the Finance Committee Meeting at 6:45 p.m. Motion carried 3-0. Respectfully submitted, Bill Burns, City Administrator