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Council Minutes of 8/7/2007 <br />6) Suburban Auto retest was done, and we were waiting on the report from the property <br />owner's expert. The report was received last week. He has some concerns regarding it, <br />and he will be reviewing the report with our expert. He will be providing information to <br />the Safety and Building Departments and to City Council as to whether or not he believes <br />it has been a successful retest that would warrant making the conditional use permit <br />permanent. <br />Finance Director Copfer: 1) Planning Director Wenger, Assistant Law Director Heyward <br />and she met with the economic development consultant on tax incentives. It was noted <br />by this consultant that we have no income tax abatement to offer for job creation when a <br />business wants to move into the community but is not investing in a new building or <br />facility but is bringing substantial income tax dollars to the city. They are preparing a <br />program that will be presented to Council. <br />2) She has participated in several meetings on the recreational plan. Also, she has spent <br />a lot of time on labor negotiating with fire fighter fact-finding and FOP negotiations. <br />3) The financial statements of December 31, 2006 audit was released by the Auditor of <br />State in July. The CAFR and related reports were distributed to Council. There are some <br />interesting changes in the statistical section where there are new sections that were <br />intended to provide operating data. These sections provide a little more information of <br />what each division does and what relevant statistics and data collection we can do. A lot <br />of people were doing things, but it was never being compiled in one place. She thinks <br />this is informative. <br />4) The June month-end closed late last week and Council received summaries and <br />detailed reports. Half the financial statement review is written and will be complete by <br />next week's Finance Committee meeting. <br />5) Resolution 2007-80, the tax budget for 2008, is on first reading tonight. <br />6) Ordinance 2007-81 is a transfer ordinance. Hopefully it can move quickly through <br />committee as departments need money to be changed around. <br />7) The Tax Incentive Review Committee and Housing Council had their annual meeting <br />today on the one EZ abatement and also the CRA abatements which were all approved to <br />continue for the next year. <br />Councilman Miller asked the Finance Director if she could say whether or not there will <br />be a carryover this year. Finance Director Copfer said she is doing an analysis and is not <br />ready to say. She is looking at that as part of her six month financial review. <br />Councilman Ryan questioned the Finance Director on the year-to-date report showing a <br />balance on the first line of the General Fund of $1,971,000. As of the end of June, a <br />balance of $1,587,000 is shown. Have we gone down $400,000? Finance Director <br />Copfer said the balance that Mr. Ryan was referring to for the end balance of 2006 is the <br />cash balance. The $1,587,000 is the unencumbered balance. Councilman Ryan asked if <br />any money had been set aside for an increase for the safety forces. Finance Director said <br />the budget is approved by Council, and we do not have anything additional other than <br />what was presented to Council. Labor strategy and negotiations should be discussed <br />elsewhere. Councilman Ryan agreed and said the issue could be taken up in Finance <br />Committee. <br />5 <br />