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redevelopment and then came out of executive session and adjourned. <br /> Motion by President O'Malley, seconded by Vice President Litten to receive and file the <br /> report. <br /> Discussion: Vice President Litten thanked President O'Malley for his leadership and service on <br /> Council and as a labor leader. <br /> On the motion: All members voted in favor. Motion passed. <br /> 2. Finance Committee report regarding meeting held March 21, 2022. (to be provided) <br /> Chairman Shachner delivered the following oral report: <br /> We had two items on the agenda. The first was Ordinance 08-2022 which would <br /> allow the transfer and advance of certain funds. This is done quarterly. It is <br /> standard routine. Basically, to make sure that we are solvent at the end of the <br /> year, we advance certain funds to other funds. Then we take funds out of those <br /> funds back into the General Fund. That's a simplified version of it. We also do <br /> that for debt service, internal service funds and special revenue funds. That was <br /> unanimously recommended for approval. <br /> Next on the agenda was Ord. 09-2022 where we talked about our equipment <br /> leases giving or Director of Law and Finance Director the authority to obtain <br /> those. Those are about$1.5 million in expenses already authorized through the <br /> budget to purchase a generator, bobcat,police vehicles, rear-load packer truck <br /> and an automated side-load packer truck. These are five year lease to own <br /> agreements. We had a decent interest rate on them because City Hall was ahead <br /> of the game and locked in decent interest rates before they went up. So, this <br /> would be less expensive than it would be ifwe were to do it now. We had some <br /> discussion about incorporating more green energy solutions into future <br /> purchases. That will be discussed at further Finance Committee meetings as we <br /> discuss capital budgets next budget season or earlier. We moved to approve that. <br /> That was recommended for approval. <br /> Motion by Councilmember Shachner, seconded by President O'Malley to receive and file the <br /> report. All members voted in favor. Motion passed. <br /> 3. ORDINANCE 08-2022 - AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council, or <br /> otherwise to take effect and be in force at the earliest period allowed by law, authorizing <br /> the transfer and advance of certain funds. (Is'read& referred to Finance 2/22/22; 2"d <br /> reading 3/7/22) (pg. 1) <br /> 3 <br />