07.20.20 MEETING MINUTES - Laserfiche WebLink

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Minutes of the Regular Meeting of Council Monday, July 20, 2020 Page 3 Village so it is our hope that they are going to continue to utilize office space that they already own. We also have some manufacturing facilities here in Mayfield Village and that work cannot - -- - be -done- from -home -so while -we really-can'tpredict- the future- what we- can and we will -lo is continue to work with our businesses toward positive incomes both for us and for them. Shifting slightly but still on a COVID-19 track, we have a new issue of the Voice of the Village that just went to the printer, I believe today. That is going to be in everybody's mailbox very shortly. For that issue I requested that our Finance Director, Mr. Wynne prepare a comprehensive article talking about our finances, our budgeting in light of COVID-19 concerns which we do take very seriously. Our intention here is to be fully transparent as well as to address concerns that our residents might have. I am very proud of this issue of the VOV. Not onlydoes it address issues of COVID-19, but I hope it provides our community with a reassurance that we are dedicated to providing everyone with the services and amenities that they are used to having and that these are top priority for us. I want to thank all of the members of Council and the Administration for standing behind that and voting appropriately to keep up all of our services that we provide to the citizens of Mayfield Village. Now if you read the June financial report that Mr. Wynne has prepared, you will know that our income from June of 2020 is lower than our income that we had in June of 2019. Of course we anticipate that there is going to be a decrease in income at least for the second half of this year and probably beyond that. However, comparing income from the first half of 2020, and the income that we had for the.first half of 2019, we are actually a little bit ahead this year. Our total 2020 income through June 30th is equal to about 70% of our entire operating budget for the year, so that is also a good thing. It is also appropriate to note at this time that our current surplus stands at around $31 million. That's a number that's pretty much unheard of not just in communities of our size but in communities that are much larger than ours. We generally don't go around touting that statistic. It's not how we operate. But this is a time I think people need to know that we have money in the bank and we can get .through this storm. Although we can't predict the future, we are looking at all of the possibilities and our reserves will allow us to plan and adjust as we need to. Now shifting gears to some NOACA news. Over the past year, year and a half, we have met with Grace Galluci and other members of the NOACA team to talk about traffic congestion at the I- 271/Wilson Mills interchange and along the roads that feed into that interchange. One of the suggestions that we made to NOACA early on was that maybe it would be a good idea to put in a brand new interchange at 271 at White Road which would be mostly in Willoughby Hills. We didn't have the feeling that that was really a possibility, but if youread yesterday's paper, there was a big article about NOACA and they are indeed now considering putting in an interchange at White Road and 271 in Willoughby Hills. They are currently developing new policies and guides as to the placement of interchanges and so when they evaluate the White Road proposal it will be evaluated against the guidelines that are not finalized yet so we are going to work with John Marquart to promote that interchange. It will alleviate a lot of traffic coming out of our businesses and going into our businesses in Mayfield Village and it will also reduce the traffic for our residents.