City Of Albion

City Council Study Session

November 24, 2014

CALL TO ORDER

Mayor Joseph Domingo opened the study session at 6:35 p.m.

II. ROLL CALL

Maurice Barnes (1), Lenn Reid (2), William Wheaton (4), Cheryl Krause (5) and Mayor Joseph Domingo. Garrett Brown (3) arrived at 6:40 p.m. and Andrew French (6) was

absent.

Administration: Sheryl Mitchell, City Manager, Jill Domingo, City Clerk, Tom Mead, Finance Director, Scott Kipp, Public Safety Chief, Taurean Wilson, Recreat ion Director and Cullen Harkness, City Attorney.

III.	ITEMS FOR INDIVIDUAL DISCUSSION

244	Economic Development

247	TIFA

296	Revolving Loan

246	Business Incubator

208	Recreation Fund

244-Economic Development

City Manager Mitchell stated the revenue for 2015 was down slightly due to the expiration of a grant in 2014. She also stated that account 785-Building and Grounds Repair incorporates the EDC building, the Selask property and other properties owned the EDC. There is a slight increase in fund balance for the EDC.

Comments were received from Council Members Wheaton and Barnes.

247-TIFA

City Manager Mitchell stated the a new computer has been added to the office

equipment. She stated that the 995 account is a DEQ Revitalization Loan Interest and the 999 account is a transfer to the EDC.

Comments were received from Council Members Barnes and Krause and Finance

Director Mead.

296-Revolving Loan Fund

City Manager Mitchell stated the revenue is from interest earned from the fund

balance and there is a slight increase in fund balance.

Comments were received from Council Member Barnes.

246-Incubator Fund

City Manager stated the revenue is from the incubator tenants rent. There is an

Increase in revenues from grants for to the Food Hub and an increase in fund balance for the Incubator Fund for Fiscal Year 2015.

Comments were received from Council Members Wheaton, Krause and Barnes and

Finance Director Mead.

208-Recreation Fund

City Manager Mitchell stated there is a slight increase in property tax projected for Fiscal Year 2015. The recreation fund also received a significant loss from the tax tribunal in 2014 and needed to use fund balance for the unexpected shortfall. The Recreation Department will be looking for additional private and public funding in addition to the millage renewal request. They received a $25,000 grant in 2014 for program fees. A portion of these funds will be used in 2014 and the remainder will be carried over to 2015. City Manager Mitchell stated she would like to organize an advisory committee for the 2015 recreation millage.

Comments were received from Council Members Brown, Barnes and Krause,

Recreation Director Wilson, Mayor Domingo and Finance Director Mead.

IV.	PUBLIC Comment

No comments were received.

V.	ADJOURNMENT

Brown moved, Wheaton supported, CARRIED, to adjourn the Study Session.

(6-0, vv).

Mayor Domingo adjourned the Study Session at 7:03 p.m.

____________	_________________________

Date	Jill Domingo

City Clerk