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HomeMy WebLinkAbout04-25-2011 Regular MeetingPublic Meeting Notice Committee: Fairhope Financial Advisory Committee Date & Time: Monday, April 25, 2011 at 4:45 p.m. Place: Delchamps Room 161 North Section Street Subject: See Posted Agenda Notice must be stamped, dated and initialed before posted on bulletin board. POSTED i1PJ-11 DATE ,. (!f2ttd;:w ~ml,:V SIGNAT RE City of Fairhope Financial Advisory Committee Agenda -Monday, April 25, 2011 4:45 p.m. in the Delchamps Room City Hall -161 N. Section St., Fairhope, AL 1. Approval of Minutes for March 28, 2011. 2. Review of cost reduction projects, as follow-up from May 17, 2010 City Council Workshop. 3. Presentation of Theater 98 project concept. 4 . Discussion -Strategic Plan (Stan Grubin). 5. Discussion -short term & long term capital projects. 6. Discussion -use of CNG to power city vehicles . Schedule Of Future Meetings (Note: Regular meetings are on the 4 th Monday of each month at 4:45 p.m. in the Delchamps Room at City Hall, 161 N. Section St., Fairhope, AL.) • Next regular meeting: Monday, May 23, 20 11 STATE OF ALABAMA COUNTY OF BALDWIN )( )( The Financial Advisory Committee met at 4:45 p .m., City Hall, Delchamps Room, 161 North Section Street, Fairhope, Alabama 36532, on Monday, 25 April 2011. Present were: Chuck Zunk, Chairman Members : Stan Grubin , Mac McCawley, Marv in Wilder, and John Brown, Ex-Officio Members: Mayor Kant Debbie Quinn , Dan Stankoski , Lonnie Mixon , Mike Ford, and Rick Kingrea. Chuck Zunk called the meeting to order at 4 :45 p.m. He announced that the first item 1s to approve the minutes from the March 28 , 2011 Financial Adv isory Committee meeting. Rick Kingrea moved to approve the minutes from the March 28 , 2011 Fairhope Financial Advisory Committee meeting with the following amendment: In the last paragraph after Nancy Wi lson , add "in addition to the Financial Advi sory Committee", to look at this issue . Seconded b y Stan Grubin , motion pass ed unanimously by voice vote. The next item on the agenda was the Review of Cost Reduction Projects, as follow-up from May 17, 2010 City Council Workshop. City Administrator Gregg Mims stated that the AT&T contract was up for renewal. He stated that Jason Colee and Dan Ames were working on this for the next City Council meeting and this would net a savings of $26 ,000 per year. Mr. Mims mentioned that the City needed to purchase garbage trucks or look at retrofitting the trucks we have no w . He said that Jennifer Fidler would have the figures for the next Financial Advisory Committee meeting. Stan Grubin stated the Garbage Advisory Committee had not revealed a decision and had not furnished a financial ana lysis. Mike Ford replied that we break-ev en on garbage and we are losing on trash. The Committee decided to keep garbage at twice-a-week and look at trash fees. Mr. Mims said the issue is our trucks and we are to a point we need to do something about the trucks for operational purposes . Mr. Zunk stated this would be presented at the nex t meeting. Ms . Fidler w ill give figures for retrofitting our trucks versus purchasing new trucks. Mr. Zunk was concerned with which brand to buy and said to make sure the life cyc le presented is the longest; look at all trucks. Financial Advisory Committee Monday, 25 April 2011 Page-2- The Presentation of Theatre 98 Project Concept was discussed next and the question is whether to use some of remaining balance from one of the two bond s; one bond has a $101 ,000 balance and the other one has a $225 ,000 balance. Roland Hedstrom and Kathy Moore explained the need for a new 1500 square foot storage building with a breezeway and showed a before and after drawing. The total cost is estimated at $110,000, but the request if for an initial commitment of $10 ,400 for engineering work to begin project. Lonnie Mixon moved to approve $10,400 for engineering for Theatre 98 to build a Storage Building. Seconded by Debbie Quinn , motion passed unanimously by voice vote . Stan Grubin briefly discussed the Strategic Plan and said the City has to own it. This should be a planning function to work with the Budget. Mayor Kant stated the Utilities always have a 5-year plan. After further discussion , Stan Grubin moved to propose to the City Council that the City incorporate a full-time Planning Function for a 5-Year Capital Improvement Plan for all of its General Fund and Utilities ; the Planning Function must be qualitative and quantitative, to go along with the Budget Process. Seconded by Lonnie Mixon, motion passed unanimously by voice vote . Marvin Wilder discussed the use of CNG to power city vehicles. The cost of the CNG station would be approximately $1 ,100 ,000 and to convert 97 v ehicles would be around $500,000. The savings would not be seen until after 12 years w hich is how long it would take to recoup our initial investment. At this time , this would be cost prohibited . We may look at hybrids when replacing vehicles. Mr. Zunk asked for more information for the next meeting. The next to be discussed was short-term and long-term capital projects . These capital projects need to be integrated with the Strategic Plan. There being no further business to come before the Financial Advisory Committee, the meeting was duly adjourned at 5 :25 p.m. Chuck Zunk, Chai