September 7, 2021 at 5:00 PM - Finance Committee Meeting
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1. Open Meeting
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2. Roll Call
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3. Items of Business
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3.A. Provide a recommendation to the City Council on entering into a contract with Kingery Construction in the amount of $285,039 for interior demolition of the Isis Theater.
Discussion:
City Administrator Tom Ourada presented Exhibit A of the contract with Kingery that attempts to limit the demolition billings to $285,039. Ourada agreed to put it on the agenda if the Blue River Arts Council gave them a check for the demolition amount to hold on to. However, the concern is that the contract states the total project amount also, which is $633,420. Our understanding was that there would be 2 separate contracts because the City is only agreeing to the demolition costs, not the total rebuilding costs. The Committee agreed that asking for 2 separate contracts would be best and to table the contract for now.
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No Action(s) have been added to this Agenda Item.
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3.B. Provide a recommendation to the City Council on authorizing an additional 1% Restricted Funds Authority for fiscal year 2021-2022.
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No Action(s) have been added to this Agenda Item.
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3.C. Provide a recommendation to the City Council on approving the proposed annual budget for fiscal year 2021-2022 and authorizing its submission to the appropriate county and state entities.
Discussion:
Clerk-Treasurer Jerry Wilcox informed the Committee that he was editing one page of the budget to include the breakdown of funds available and discovered that one amount on page 2 was incorrect. The amount was fixed and it changed a few other numbers in the budget, but did not change the property tax request, the levy, or the restricted funds.
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No Action(s) have been added to this Agenda Item.
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3.D. Provide a recommendation to the City Council on adopting Resolution 2021-10: A resolution setting the property tax request for fiscal year 2021-2022.
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No Action(s) have been added to this Agenda Item.
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3.E. Provide a recommendation to the City Council on enacting Ordinance 2137: An ordinance adopting the approved budget statement as the Annual Appropriation Bill for fiscal year 2021-2022.
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No Action(s) have been added to this Agenda Item.
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4. Officers' Reports
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5. Adjournment
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