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HomeMy WebLinkAbout02-22-2000 CITY OF AUBURN FINANCE COMMITTEE MINUTES February 22, 2000 CALL TO ORDER Chair Jeanne Barber called the meeting to order at 6:30 PM. Chair Barber, Vice Chair Pete Lewis, and Member Stacey Brothers were present. Others present included Mayor Charles A. Booth, Finance Director Diane L. Supler, Assistant Personnel Director Roger Cartwright, DepUty City Clerk Cathy Richardson, and City Clerk Danielle Daskam. II. APPROVAL OF MINUTES Minutes of the February 7, 2000 Finance Committee meeting. Motion by Vice Chair Lewis, second by Member Brothers to approve the February 7, 2000 Finance Committee meeting minutes. MOTION CARRIED UNANIMOUSLY. 3-0. III. CONSENT ITEMS A. Vouchers Claims F4.9.5 Claims check numbers 148984 through 149348 in the amount of $1,214,907.76 for Period 15 and dated February 22, 2000; and a wire transfer to King County Library System in the amount of $269,987.74. Payroll F4.9.2 Payroll check numbers 256989 to 257180 in the amount of $535,053.56 and electronic deposit transmissions in the amount of $605,858.96 for a grand total of $1,140,912.52 for the pay period covering February 3, 2000 to February 17, 2000. City of Auburn Finance Committee Minutes February 22, 2000 Committee members reviewed claims and payroll vouchers. Committee members briefly discussed the wire transfer to King County Library System and claims voucher numbers 148984, 149052, and 149071. Motion by Vice Chair Lewis, second by Member Brothers to recommend City Council approval of claims and payroll vouchers. MOTION CARRIED UNANIMOUSLY. 3-0. IV. ORDINANCES AND RESOLUTIONS Resolution No. 3189 A4.1.9 A Resolution authorizing the establishment of a Medical Savings Account/Voluntary Employees' Beneficiary Association ("MSA VEBA") Plan. Assistant Personnel Director Roger Cartwright presented Resolution No. 3189 for Committee recommendation. Resolution No. 3189 was discussed at the February 7, 2000 Committee meeting, and Mr. Cartwright indicated no changes have been made to the Resolution. Motion by Vice Chair Lewis and second by Member Brothers to recommend the City Council adopt Resolution No. 3189. MOTION CARRIED UNANIMOUSLY. 3-0. DISCUSSION ITEMS Senior Center Financing Finance Director Supler presented the Committee with a handout outlining proposed senior center financing alternatives. Mayor Booth's recommendation, referred to as Financing Alternative No. 2, estimates the project cost to be $2.7 million for the senior center (library building conversion) remodel. Under the Mayor's proposal, the project would be financed using $1 million from the Real Estate Excise Tax I (REET 1) funds and $1 million from the Capital Page 2 City of Auburn Finance Committee Minutes February 22, 2000 VI. Projects Fund (General Fund). The remaining $700,000 would come from other financing sources, which include Block Grant funding and Capital Campaign funds. Finance Director Supler advised that the Planning and Community Development Committee reviewed plans for the conversion. Committee members recommended that the Planning and Community Development Committee receive a presentation on proposed Financing Alternative No. 2 for the senior center. ADJOURNMENT There being no further business to come before the Committee, the meeting adjourned at 7:08 PM. Approved the ~ ay of March 2000. ~nne Barbe~r,'~C~ir '~ Danielle Daskam, City Clerk f:\clerk\finance\fca~000fcm02-22.doc Page 3