HomeMy WebLinkAbout2011 05-19 FCM Financial Commission
Regular Meeting Minutes
19 May 2011
1. Call to Order
The meeting was called to order by Newman at 7:42 PM
Members Present: Commissioners Newman, Landis, Schueller and Agbssou.
Members Absent: Berglin and Plunkett. Council Member Roche was absent. Staff
present was Director of Fiscal & Support Services Jordet.
2. Adoption of the Agenda
Without objections, the Agenda was declared adopted as presented.
3. Minutes
Mr. Schueller moved adoption of the minutes from the 17 March 2011 meeting. Mr.
Landis seconded the motion. With all present voting in favor of the motion the
Minutes for the 17 March 2011 meeting were declared adopted as presented.
4. Review of RFP for Financial Advisor
Mr. Jordet explained the policy requirements for RFP's being issued on a regular
basis. He then reviewed the RFP for Financial Advisory Services specifically and
explained the process as it will involve the Financial Commission.
Mr. Landis moved that the RFP for Financial Services be recommended to the City
Council. Mr. Schueller seconded the motion. With all present voting in favor, the
motion was adopted.
5. Update on Prior Issues
Mr. Jordet informed the Commission that the City Council had received its
memorandum about the use of State revenue and had accepted it with appreciation.
Mr. Jordet informed the Commission that the RFP's for Insurance of Record had
been distributed and that several firms had expressed interest in submitting
proposals.
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6. Other Business
The question of Commission member attendance was raised. In the enabling
resolution for the Commission, adopted by the Council in 1991 and revised through
1999, a section labeled Resignations-Removal from Office states that a
Commissioner may resign voluntarily, or will be considered to have automatically
resigned after three consecutive unexcused absences or unexcused absences from a
majority of Commission Meetings within one year. Mr. Jordet was asked to tally the
attendance record for the Commission from 1 January 2010 to the present and
report to the next Commission meeting.
No other business was brought before the Commission.
7. Adjournment
With no other business to transact, the meeting was adjourned at 8:08 PM.
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