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Committee discusses revenue forecast, archive building updates and adjourns
Summary
After forwarding two development recommendations, the finance committee discussed a revised revenue forecast, Brownfield/grant progress for the archive/Lincoln School properties, and clarified the annual financial report item before adjourning at 04:56 PM.
After recommending two development items to council, the committee addressed other business and adjourned.
Staff said a revised revenue forecast would be presented to council that evening; members noted that revised numbers were minimal changes from the December forecast and that the document is statutorily required for local government funding. Staff also updated the committee that a private developer has purchased the archive building and the Lincoln School property and is awaiting state execution of Brownfield grant paperwork and asbestos‑abatement approvals before proceeding with construction and minor variances at planning commission.
The committee clarified the annual financial report item was different from the packet’s summary data and concluded the meeting at 04:56 PM.
