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5. Oath of Office of Peter Rancatore. Mayor George administered the oath of office to Mr. Rancatore over the online recording. 6. Finance Committee report regarding meetings held April 13, 2020 & April 20, 2020. (to be provided) Councilmember Bullock read the following report into the record: The Finance Committee met last Monday night and this Monday night. The committee discussed Resolution 2020-18 to approve the consolidated plan draft for HUD for fiscal year 2020-2024. We also began a discussion last Monday on the need for COVID crisis mitigation for financial impacts on businesses and residents. We continued discussion tonight of the draft plan that we owe to HUD. We also discussed the beginnings of fiscal austerity measures that the administration has started to undertake as we look to conserve financial strength and anticipate reduced city tax receipts and expenditures this year. The committee heard from Dan Wyman, who is our expert on staff for CDBG funding, and from Marsha Moll and Rick Sicha, our consultants for developing this data analysis. We recommend adoption of Resolution 2020-18 to the full council. I would be happy to move or support a motion passing that. Finance Director Rancatore described how the crisis is injecting timing uncertainty to our income tax receipts this year and may affect July's tax receipts as well. We appreciate the good work of Councilmembers and members of the administration to begin to idents how our city will be affected Councilmember Bullock made a motion, seconded by President O'Malley to receive and file the report. A roll call vote was taken as follows: Yeas —Bullock, Kepple, Litten, O'Malley, Neff, Rader, Shachner Nays —None The motion passed. The oral report was received and filed. 7. RESOLUTION 2020-18 - A RESOLUTION to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force after the earliest period allowed by law, authorizing and directing the Mayor to submit Lakewood's FY20-FY24 Five Year Consolidated Plan, as approved by the Citizens Advisory Committee (CAC), to the U.S. Department of Housing and Urban