Meeting Agenda
1. Open Meeting
2. Roll Call
3. Items of Business
3.A. Consider the LARM Renewal Coverage Proposal for 2024-2025 Pool Year 
3.B. Consider the 2024 GOVP Bond Ordinance 2211
4. Officers' Reports
5. Adjournment
Agenda Item Details Reload Your Meeting
Meeting: August 6, 2024 at 5:00 PM - Finance Committee Meeting
Subject:
1. Open Meeting
Rationale:
  • In accordance with Nebraska law, a copy of the Open Meetings Act can be found in the back of the Council Chambers.
  • Items listed on the agenda may be considered in any order.
Subject:
2. Roll Call
Rationale:
  • Attendance of members will be recorded to determine the presence of a quorum for official actions.
Subject:
3. Items of Business
Rationale:
  • The Committee may discuss or limit discussion on, hear testimony in favor of or in opposition to, or take action to provide a recommendation to the City Council on any matter presented under this title.
Subject:
3.A. Consider the LARM Renewal Coverage Proposal for 2024-2025 Pool Year 
Discussion:
City Administrator Tom Ourada explained that this resolution is to set the notice period to terminate participation in the League Association of Risk Management. The 180 day and 3 year commitment provides a 5% discount. Ourada stated that they had already taken action on this last year and Finance Director Wendy Thomas is going to be asking questions about why they have to do it every year. Ourada stated this is a LARM interlocal agreement that is outside the LID. 
Action(s):
Motion Carried:
Recommend to the City Council the LARM Renewal Coverage Proposal for 2024-2025 Pool Year the 3 year 5% discount. Carried with a motion by Dale Strehle and a second by Ashley Newmyer.
  • Kyle Frans: Aye
  • Ashley Newmyer: Aye
  • Dale Strehle: Aye
Attachments:
Subject:
3.B. Consider the 2024 GOVP Bond Ordinance 2211
Discussion:
Scott Keene with Piper Sandler provided the Mayor and City Council a handout of the General Obligation Various Bonds, Series 2024 Preliminary Summary of Terms and explained that this Ordinance is to authorize the issuance of general obligation for the bond for the box culvert project. Keene explained that it is not to exceed $995,000. On August 14th, 2024 the sale of bonds will take place and Union Bank is the paying agent. 
Action(s):
Motion Carried:
Recommend to the City Council the 2024 GOVP Bond Ordinance 2211 Carried with a motion by Dale Strehle and a second by Ashley Newmyer.
  • Kyle Frans: Aye
  • Ashley Newmyer: Aye
  • Dale Strehle: Aye
Attachments:
Subject:
4. Officers' Reports
Rationale:
  • Reports may be given by the Mayor, Officers, Departments, or Councilmembers concerning the current operations of the City.
  • No action can be taken on matters presented under this title except to answer any questions or to refer the matter for further action.
Subject:
5. Adjournment

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