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0623-22
| A | | | Communication | Subject: Communication sponsored by Alder Taft, requesting permission for Brad Viegut of RW Baird to present the proposed issuance of NANs (Note anticipation Notes) to fund the budgeted 2022 Capital Projects and Equipment Replacements.
Recommendation of the Finance and Personnel Committee on 8-29-2022: To authorize the issuance and sale of Note Anticipation Notes in an amount of approximately $14,715,000 for the City's 2022 Short and Long Term capital borrowing.
Fiscal Note: Long term capital projects of $10,869,875 and equipment of $3,811,500 have been approved and budgeted in 2022 through this borrowing. | Recommended For Approval | |
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0620-22
| A | | Subject: Communication sponsored by Mayor Mason seeking approval to enter into a TIF Incentive Agreement with The Main Attraction, LLC, regarding the Verdant Hotel project at 500 Main Street. | Communication | Subject: Communication sponsored by Mayor Mason seeking approval to enter into a TIF Incentive Agreement with The Main Attraction, LLC, regarding the Verdant Hotel project at 500 Main Street.
Recommendation of the Finance and Personnel Committee on 8-29-2022: To authorize and direct the Mayor and the City Clerk to enter into a TIF Incentive Agreement with the Main Attraction, LLC and execute any and all necessary documents associated with this agreement.
Fiscal Note: The City will issue a municipal revenue obligation (MRO) in the amount of $2,500,000 around 5.5% annual interest. The obligation will be payable to the developer based on tax increment received within the TIF District #26. If increment is not produced, payment will not be made to the developer. Total amount of “pay go” distribution under this agreement is expected to be $3.3 million over a 10 year period. The District anticipates adequate funding for this arrangement. | Recommended For Approval | |
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0621-22
| A | | Subject: Communication sponsored by Alder Taft, on behalf of the Human Resources Benefits Manager, presenting the United Healthcare (UHC) Medicare Advantage plan agreement for renewal. | Communication | Subject: Communication sponsored by Alder Taft, on behalf of the Human Resources Benefits Manager, requesting permission to present the United Healthcare (UHC) Medicare Advantage plan agreement for renewal.
Recommendation of the Finance and Personnel Committee on 8-29-2022: To approve the UHC Medicare Advantage plan agreement renewal as presented.
Fiscal Note: Renewal includes a premium rate hold of $272.32 per member per month. Total annual cost for approximately 710 City members is $2,320,167 and the total annual cost for approximately 104 members of the Utilities is $339,855.36. Funds will be proposed in the 2023 budget. | Recommended For Approval | |
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0608-22
| A | | Subject: Communication sponsored by Alder Taft, on behalf of the City Attorney’s Office, submitting the claim of Eleuterio A. Ortiz for consideration for disallowance. | Communication | Subject: Communication sponsored by Alder Taft, on behalf of the City Attorney’s Office, submitting the claim of Eleuterio A. Ortiz for consideration for disallowance.
Recommendation of the Finance and Personnel Committee on 8-29-2022: That the claim be disallowed.
Fiscal Note: N/A | Recommended For Approval | |
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0606-22
| A | | Subject: Communication sponsored by Alderman Taft, on behalf of the City Attorney’s Office, submitting the claim of James Craft for consideration for disallowance. | Communication | Subject: Communication sponsored by Alderman Taft, on behalf of the City Attorney’s Office, submitting the claim of James Craft for consideration for disallowance.
Recommendation of the Finance and Personnel Committee on 8-29-2022: That the claim be disallowed.
Fiscal Note: N/A | Recommended For Approval | |
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0607-22
| A | | Subject: Communication sponsored by Alderman Taft, on behalf of the City Attorney’s Office, submitting the claim of Kim and Marvin Gleason, a/k/a Marvin and Kim Gleason Revocable Trust, a Revocable Trust dated October 17, 2012, for consideration for disal | Communication | Subject: Communication sponsored by Alderman Taft, on behalf of the City Attorney’s Office, submitting the claim of Kim and Marvin Gleason, a/k/a Marvin and Kim Gleason Revocable Trust, a Revocable Trust dated October 17, 2012, for consideration for disallowance.
Recommendation of the Finance and Personnel Committee on 8-29-2022: That the claim be disallowed.
Fiscal Note: N/A | Recommended For Approval | |
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0622-22
| A | | Subject: Communication sponsored by Alder Taft, on behalf of the Finance Director, submitting the presentation of 1st and 2nd Quarter 2022 Fiscal Results and the June 2022 Investment schedule. | Communication | Subject: Communication sponsored by Alder Taft, on behalf of the Finance Director, submitting the presentation of 1st and 2nd Quarter 2022 Fiscal Results and the June 2022 Investment schedule.
Recommendation of the Finance and Personnel Committee on 8-29-2022: To Receive and File.
Fiscal Note: N/A | Received and Filed | |
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