City Council met for its Second regular meeting of November on 11/21 with a very light agenda with two items though in New Business there was introduction on a significant issue pressing the City:
- Agreement for a lease agreement for the previously approved Bucket Truck for the Public Works department
- Resolution to allow the City to use accumulated credit card reward points toward the Springdale Offering Support (SOS) non-profit
- (New Business) Forecast Budget Shortfall
Neither planned agenda item was particularly contentious. Noteworthy on the bucket truck – this was originally approved as a outright purchase, in conjunction with the 2019 budget planning and end of year 2018 finance reviews the finance committee and the City Administration recommended from a cash flow perspective the City would be better off financing over 3 years the purchase. The bidding process for the lease we received offered between ~3.5% to 7.65%. We approved signing with Huntington (whom we have a current relationship with) at a 3.53% effective rate.
The Credit card points equated to approximately a 750$ donation by the City to the non-profit that directly provides benefits Springdale resident. More on SOS can be found here.
The new business item deserves a full accounting – for details on the Budget and Earnings Tax see post here. More on that to come as well.