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Milton council reviews investment report, board policy drafts and schedules CRA grant for Nov. 4
Summary
Council reviewed an updated quarterly investment report and asked staff to clarify account naming; council agreed to send a one‑page code of conduct and a consolidated board appointment policy to legal for codification with action expected in December; a $10,000 CRA request from the Exchange Hotel will be placed on the Nov. 4 agenda, with some councilmembers indicating support for a reduced $5,000 award.
Staff presented the quarterly investment report and clarified that a frequently questioned account (described as 'water revenue' in bank records) functions as the city’s operational checking account rather than an investment account. Councilmembers asked staff to request clearer account naming from Truist Bank to reduce future confusion.
Council discussed a streamlined code of conduct and an overarching city board appointment policy that standardizes term lengths and appointment procedures. Councilmembers said the draft captured prior input and recommended sending it to legal for codification, with final action targeted for the December council meeting. Discussion included staggered terms, ward appointments and leaving board‑specific experience requirements intact for individual ordinances.
Staff presented a Community Redevelopment Area (CRA) business improvement grant application from the Exchange Hotel/Blackwood Financial requesting $10,000 for exterior and structural work. Council discussed available funds (staff noted a $50,000 CRA pool with $10,000 currently slated to residential projects leaving roughly $40,000 for commercial awards) and several members suggested a smaller award to preserve funds for other applicants; one councilmember proposed $5,000. The application will be on the Nov. 4 council agenda for a formal decision.
Next steps: staff will send the code of conduct and board policy to legal and place the Exchange Hotel grant request on the Nov. 4 agenda for council action.
