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0561-20
| A | | Subject: Communication sponsored by Alder Taft requesting to allow Brad Viegut of RW Baird to present the proposed issuance of NANs (Note anticipation Notes) to fund the budgeted 2020 Capital Projects and Equipment Replacements. A potential refunding of c | Communication | Subject: Communication sponsored by Alder Taft requesting to allow Brad Viegut of RW Baird to present the proposed issuance of NANs (Note anticipation Notes) to fund the budgeted 2020 Capital Projects and Equipment Replacements. A potential refunding of current debt to take advantage of current low interest rates will also be presented.
Recommendation of the Finance and Personnel Committee on 08-24-2020: Note Anticipation Notes in an amount of approximately $14,305,000 be issued for the City's 2020 Short and Long Term capital borrowing. Additionally, if the market conditions remain favorable, callable portions of the 2010 BABs, 2012 and 2013 GO Refunding Bonds be refinanced.
Fiscal Note: Long term capital projects of $10,773,364 and equipment of $3,529,500 have been approved and budgeted in 2020 through this borrowing. Estimated saving of approximately $375,000 may be realized through refinancing 2010, 2012 and 2013 debt. | Recommended For Approval | Pass |
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0529-20
| A | | Subject: Communication sponsored by Alder Taft, on behalf of the Human Resources Department, presenting the United Healthcare (UHC) Medicare Advantage plan agreement for renewal. | Communication | Subject: Communication sponsored by Alder Taft, on behalf of the Human Resources Department, presenting the United Healthcare (UHC) Medicare Advantage plan agreement for renewal.
Recommendation of the Finance and Personnel Committee on 08-24-2020: To approve the UHC Medicare Advantage plan agreement renewal as presented.
Fiscal Note: Renewal includes a premium reduction of 3% to a premium of $289.10 per member per month Total annual cost for approximately 745 members is $2,581,085. | Recommended For Approval | Pass |
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0485-20
| A | | | Communication | Subject: Communication sponsored by Alder Taft, on behalf of Chief Howell, requesting to appear before the Finance and Personnel Committee to discuss applying for and accepting the 2020 Bureau of Justice Assistance (BJA) Edward Byrne Justice Assistance Grant (JAG) (#00335) and Renew the Memorandum of Understanding with the Racine County Sheriff's Office.
Recommendation of the Finance and Personnel Committee on 07-27-2020: To defer to the next Finance and Personnel Committee meeting to allow for someone from the Police dept. to appear to speak on the Racine County Sheriff's office "Memorandum of Understanding."
Recommendation of the Finance and Personnel Committee on 08-24-2020: To approve the 2020 Bureau of Justice Assistance Edward Byrne Justice Grant and renewal of the Memorandum of Understanding with the Racine County Sheriff's Office.
Fiscal Note: The grant is for $39,452.00. The Racine Police Department will receive $19,726.00; No City match is required. | Recommended For Approval | Pass |
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0500-20
| A | | Subject: Communication sponsored by Alder Lemke requesting permission for the Mayor and City Clerk to enter into a Contract Agreement and to accept funding in the amount of $149,800.00 from the Federal U.S. Fish and Wildlife Service. The funds will be use | Communication | Subject: Communication sponsored by Alder Lemke requesting permission to apply for and accept funding in the amount of $149,800.00 from the Federal U.S. Fish and Wildlife Service. The funds will be used to cover damages to Sam Myers Park that would not be eligible under FEMA, as well as provide mitigation to make the site more resilient to future storms. (Grant Control #00336)
Recommendation of the Finance and Personnel Committee on 08-24-2020: That permission be granted to apply for and accept funding in the amount of $149,800.00 from the Federal U.S. Fish and Wildlife Service.
Fiscal Note: If federal to federal match is allowed by FEMA, these funds could also be considered the 12.5% match that will be required by the City of Racine. The contract period is September 1, 2020 through December 31, 2021, required City match is $21,600 - In-Kind. (Grant Control # 00336) | Recommended For Approval | Pass |
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