Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Lenox Council approves routine business, transfers $19,606 to Golf Funds and authorizes short-term CDs
Summary
At its July 8 meeting the Lenox City Council approved routine agenda items, passed Resolution 24-28 transferring $19,606.31 to Golf Funds, authorized two six-month CDs at 5.05% for the Fire and Gas departments (Resolution 24-30), agreed to participate in SICOG programs, made library and Board of Adjustment appointments, and adjourned at 5:40 p.m.
The Lenox City Council met July 8 and approved routine municipal business and several resolutions.
Among the financial items, the council approved Resolution 24-28 to transfer $19,606.31 from the Emergency Fund to Golf Funds. The council also approved Resolution 24-30 to invest funds in two certificates of deposit at PCSB for the Fire Department and the Gas Department for a six-month term at 5.05% interest; the minutes note the CDs but do not specify the principal amounts. Council approved participation in planning and development programs of the Southern Iowa Council of Governments by passing Resolution 24-29.
The council handled routine procedural business by approving the meeting agenda, the June 24, 2024 meeting minutes, payment of the bills, and the June 2024 Clerk-Treasurer Report. The council re-appointed Kay Smith to the Library Board for a six-year term ending July 2030, appointed Becky Haidsiak to the Library Board for a six-year term ending July 2030, and re-appointed Kirk O’Riley to the Board of Adjustments for a five-year term ending July 2029. All motions were recorded as passing with “all ayes.”
Mayor Douglas called the meeting to order at 5:30 p.m.; City Administrator Allison Kitzman and City Clerk Dawne Bowman were present. A motion to adjourn carried at 5:40 p.m.
Votes at a glance
- Resolution 24-28 (Transfer from Emergency Fund to Golf Funds, $19,606.31): Moved by Tull; seconded by Hodges. Outcome: approved (all ayes).
- Resolution 24-29 (Participation in SICOG planning and development programs): Moved by Tull; seconded by Cruz. Outcome: approved (all ayes).
- Resolution 24-30 (Invest funds at PCSB — two 6-month CDs at 5.05% for Fire and Gas Departments): Moved by Hodges; seconded by Tull. Outcome: approved (all ayes). Principal amounts: not specified in the minutes.
- Appointments: Kay Smith re-appointed to Library Board (term through July 2030); Becky Haidsiak appointed to Library Board (term through July 2030); Kirk O’Riley re-appointed to Board of Adjustments (term through July 2029). Motions moved and seconded as recorded; all approved.
Next steps: The minutes record that staff and council will follow up on items as needed; the Baby Pool Renovation Project was discussed separately with grant-seeking noted as the next step for that item.
