HomeMy WebLinkAbout2006 01-26 FCM0 X
Financial Commission
Work Session Meeting Minutes
26 January 2006
1. Call to Order
The meeting was called to order by Mr. Escher at 6:35 PM
2. Roll Call
Members Present: Commissioners Escher, Nemec, Paulson, Anderson and Shogren-
Smith. Council Member Lasman was excused. Staff present were City Manager
McCauley and Director of Fiscal & Support Services Jordet.
3. Adoption of the Aaenda
Mr. Paulson proposed and Mr. Anderson seconded a motion to adopt the agenda as
presented. With all voting in favor, the motion was adopted.
4. Minutes
Mr. Paulson proposed and Mr. Anderson seconded a motion to adopt the minutes of
the 28 July 2005 meeting as presented. With all voting in favor, the motion was
adopted.
Mr. Paulson proposed and Mr. Anderson seconded a motion to adopt the minutes of
the City Council as minutes for the Financial Commission regarding the proceedings
of the 15 August 2005 and 21 November 2005 joint work sessions on the 2006
Budget. With all voting in favor, the motion was adopted.
(said City Council minutes are included with the permanent records of the Financial
Commission in the Finance Department)
5. Selection of Chair for 2006
Mr. Anderson nominated Mr. Escher as Chair of the Commission for 2006. Ms.
Shogren-Smith seconded the nomination. Mr. Nemec then proposed and Mr.
Anderson seconded a motion to close the nominations and cast a unanimous ballot
for the nominee. With all voting in favor the motion was adopted, making Mr.
Escher Chair of the Commission. Mr. Escher then named Mr. Nemec as Vice Chair of
the Commission.
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6. Citv Council Compensation
2006 is a year in which the Financial Commission is charged with reviewing City
Council compensation. Mr. Escher related some of the recent history of the process
and the basic assumptions of placing the Brooklyn Center Council at or near the
median compensation for the selected comparison cities. Mr. McCauley will arrange
to have the comparative information updated and passed on to the Commission.
Mr. Escher appointed a subcommittee to be chaired by Mr. Anderson with Mr.
Paulson and Ms. Shogren-Smith to review the comparative information and present
the Commission with options.
7. Update on Commissioner Appointments
Mr. Jordet informed the Commissioners that with the departure of Mr. Simons and
Mr. Tweah there are two openings on the Commission. Applications will be taken by
the City Clerk through 31 January 2006 for the pending appointments.
8. Update on Development Activities
Mr. McCauley reviewed some history and recent developments concerning the
Opportunity Site, the Northbrook Shopping Center and Brookdale Center.
9. Utilitv Rate Studv
A study of the factors affecting utility rates for water and sanitary sewer was
initiated in 2005. Preliminary results indicate that further discussion is needed in
order to develop a sound basis for application of new rates. The City Council and
Financial Commission will hold a joint work session on 6 March 2006 to discuss the
results of this study and its potential impact on Brooklyn Center's utility rates.
10. RFP for Investment Securities Custodian
An RFP for Investment Securities Custodian, currently held by Wells Fargo, is being
developed for a spring 2006 distribution. It will be reviewed by the Commission at
its next regular meeting.
11. Calendar of Joint Meetinq
A revised calendar of joint meetings of the City Council and Financial Commission
was distributed. The dates ofr joint working sessions with the two groups include 6
March 2006, 5 June 2006, 21 August 2006, 16 October 2006 and 20 November
2006.
12. Adiournment
With no other business to transact, the meeting was adjourned at 7:52 PM.