Finance Comm Minutes 08-13-2019 - Laserfiche WebLink

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Finance Commission Minutes August 13, 2019 Page 2 of 9 Commissioner Reif stated on line 207, after the word taxes he would insert the word “are”. Line 220, instead or “on” replace with “regarding” and “are” before taxable. Line 233, after Commissioner Murray insert “noted that”. Line 322, “Commissioner Reif indicated on page 44 of the report where the footnote is deals with authorized as far asinvestments…”. Commissioner Reif noted for clarification purposes on line 348 remove the two words at the end of the sentence “do this” and insert “put some money into an index fund or with the State Investment Board” to clarify what was intended there. Commissioner Harold noted he was listed as a Commissioner present and absent and he was absent at that meeting. Chair Hodder noted on line 90, “Commissioner” should be changed to “Chair”. Commissioner Harold moved, seconded by Commissioner Sagisser to approve the June 11, 2019 meeting minutes as amended. The motion carried unanimously. Receive Finance Commission Recommendations Tracking Report Finance Director Miller reviewed the tracking report with the Commission. Noting one new addition per the Finance Commission request, item no. 2019-4, Alternative Investment Options. th He indicated this is scheduled to be presented to the city Council at their September 16meeting. Consider Establishing a Recommendation on the Use of the Cash Reserve Fund for the Emerald Ash Borer Program Finance Director Miller explained the Commission is asked to consider establishing a recommendation on the use of the Cash Reserve Fund for the Emerald Ash Borer (EAB) program. Parks and Recreation Director Lonnie Brokke, Parks and Recreation Commissioners Jerry Stoner and Mr. Greg Hoag made a presentation to the Finance Commission on the Emerald Ash Borer program. Commissioner Lee asked what the Emerald Ash trees are being replaced with. Parks Commissioner Hoag indicated the trees are being replaced with a large variety of trees. He noted the city has a replacement master plan that has a larger list of trees. Commissioner Reif asked if there was a legal requirement that states cities have to deal with Emerald Ash Borer diseased trees.