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Finance committee advances note renewal, staffing ordinance, diesel contract and Meijer generator to full council
Summary
The finance committee moved several items to the next council agenda as emergency matters: an annual note renewal not to exceed $3,095,000; an ordinance to restore 2016 service-department staffing levels; a two-year diesel contract ($96,000 at $2.84/gal); and an emergency-generator MOU for the Meijer gas station to ensure fuel access during outages.
The Finance and Economic Development committee advanced multiple items to the next council meeting as emergency agenda items.
Director Frank and the mayor described an annual note renewal drawn from prior borrowings; the requested amount was described as not to exceed $3,095,000. Officials noted the city's deposit interest (reported at about 3.82%) has been approaching the borrowing rate (estimated about 3.5%),…
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