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July 13, 2021 — Meeting Minutes
Cited passage
07-13-2021 BOA Minutes July 13, 2021 Page 5 of 5
Alderman Lintz stated for clarification purposes that what the Board is agreeing to is the proposed list that will go into the budget for FY2022 and the years going out beyond which obviously gets approved each budget year as it comes along. He stressed that this is a planning document going for the “outer” years and not necessarily something that is being written in stone.
Janet Watson confirmed Alderman Lintz’ statement, noting to prevent future confusion, the City will have some bond issuances in the future, over the next several months, because there are some current bond issuances that can be refunded or refinanced to save funds, but they will not include these projects.
In response to Alderman McAndrew’s question regarding the bonds, Janet Watson explained that the City has an older (2011) issuance where we can save some funds on that will come due as a call date; there is a 2014 General Obligation bond that has a property tax support to it and since 2014 the rates have fallen considerably to which there is a large savings available to refinance.
Motion made by Alderman Lintz to approve Resolution No. 2021-12, the Five (5)-Year Capital Improvements Plan (CIP) for the FY2022 proposed budget. Alderman Berkowitz seconded.
The motion passed unanimously on a voice vote.
Mayor Harris asked that the approved project list is placed on the City’s website.
There being no further business the meeting adjourned at 7:38 p.m.
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Mayor ATTEST: ____________________________ City Clerk
The motion passed on a roll call vote: Alderman Lintz – Aye; Alderman Berkowitz – Aye; Alderman Buse – Aye; Alderman McAndrew – Aye; Alderman Patel – Aye; and Mayor Harris – Aye. The bill, having received majority approval was adopted and became Ordinance No. 6710 of the City of Clayton. A RESOLUTION TO CONSIDER APPROVING THE FIVE-YEAR CAPITAL IMPROVEMENTS PLAN FOR INCLUSION IN THE FISCAL YEAR 2022 PROPOSED BUDGET DOCUMENT
Andrea Muskopf, Assistant to the City Manager, reported that at the June 18, 2021, discussion session, staff presented the Board of Aldermen with the recommendations for the funded projects in the five-year Capital Improvements Plan (fiscal years 2022 – 2026). After discussion regarding specific projects, the Board made no changes to the recommended project list at that meeting. The Capital Improvements Plan, once approved, will be incorporated into the proposed City budget document and will be a part of the public hearing process prior to budget approval. Janet Watson, Director of Finance and Administration, confirmed as previously reported by Andrea Muskopf, that the projects’ list has not changed and is the same as presented at the June 18 meeting where the Board made no changes. The listing of projects will be funded over the next five years. She noted that there was also a list of significant unfunded projects which were not included but mentioned at the meetings. Those projects were discussed as major projects, but unfunded – the Public Works and Parks facilities, the multi-use facility in Shaw Park, and some major street lighting projects.
She noted that there was also a list of significant unfunded projects which were not included but mentioned at the meetings. Those projects were discussed as major projects, but unfunded – the Public Works and Parks facilities, the multi-use facility in Shaw Park, and some major street lighting projects. The public will also have an opportunity for questions during the public hearing budget set for the September meeting. Mayor Harris reiterated that this list takes us out through 2026 and it does not have any project(s) that requires a bond; it does not have a major project (i.e., multi-use facility, a new Public Works facility, major street lighting projects). She stated that there may have been some confusion about the projects’ list and wanted to re-emphasize so that everyone understood.