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HomeMy WebLinkAboutApproved Committee ReportsFINANCECOMMIHEEREPORTAPPROVEDBYCITYCQUNCILApril27,2020Dateizhi1_21_0APPROVALOFCLAIMSANDPAYROLLVOUCHERSTheFinanceCommitteeapprovesthefollowingpayments:1.AccountsPayable—totalpaymentof$7,006,065.44forvouchers,382374-382383,382396-382666payrollbenefitwithholdingvouchers6251-6260,382384-382395andonewiretransfer.2.Payroll—totalpaymentof$1,497,958.35forpayrollvoucherswhichincludes624directdepositsand4checks(03/16/20-03/31/20payperiod).3.KidderMathewsvouchers6083-6106totaling$21,140.79.V)/EdPrince,ChairKim-KhánhVn,ViceChairValerieO’Halloran,Member APPROVEDBYCITYCOUNCILFINANCECOMMITTEE________COMMITTEEREPORT/IApril27,20202020CarryForward!;stQuarterBudgetAdjustmentandFeeScheduleAmendment(ReferredApril13,2020)TheFinanceCommitteerecommendsconcurrenceinthestaffrecommendationtoapproveanamendmentinthe2019/2020Budgetappropriationsintheamountof$137,996,543withthetotalamendedbudgettobe$845,572,113forthebiennium.TheFinanceCommitteerecommendsconcurrenceinthestaffrecommendationtoapproveanamendmentinthe2019/2020FeeScheduleasnotedinaredlinedversionofthe2019/2020FeeSchedule.TheCommitteefurtherrecommendsthattheordinanceregardingthe2020CarryForwardand1stQuarterBudgetAmendmentbepresentedforfirstreadingandthattheresolutionregardingthe2019/2020FeeSchedulebepresentedforreadingandadoption.Eince,ChairKim-KhánhVn,ViceChairValerieO’Halloran,Member APPROVEDBYCITYC?UNCILPLANNINGANDDEVELOPMENTCOMMITTEECOMMITTEEREPORTDatez-i/wzApril27,2020PenneyLofts—Multi-FamilyHousingPropertyTaxExemptionAgreementReferredApril20,2020ThePlanningandDevelopmentCommitteerecommendsconcurrenceinstaff’srecommendationthatCouncil:(1)Waivetheapplicationdeadline;(2)ApprovetheMulti-FamilyHousingPropertyTaxExemptionAgreementthataddressesthetermsandconditionsforthePenneyLoftsprojecttoreceiveapartialpropertytaxexemptionfor8yearsuponcompletion;and(3)AuthorizetheMayortoexecutesaidagreementinsubstantiallythesameform.‘OCP‘c)RarMyCorman,ChairRyanMclrvin,ViceChairEdPrince,Membercc:RobertHarrison,CAOJasonSeth,CityClerkJanHawn,AdministrativeServicesAdministratorMikeStenhouse,RonStraka,&JimSeitz,ActingPublicWorksAdministratorKellyBeymer,CommunityServicesAdministratorChipVincent,DepartmentofCommunity&EconomicDevelopmentDirectorCliffLong,EconomicDevelopmentDirectorMarkSantos-Johnson,CommunityDevelopment&HousingManagerHannahBahnmiller,HousingProgramsManager