Rock Island Today

Rock Island Today

Monday, December 9, 2019

Village Of Carbon Cliff Administration Committee met July 9

By Rock Island Today Reports | Jul 17, 2019

Meeting 11

Village Of Carbon Cliff Administration Committee met July 9.

Here is the agenda provided by the committee:

1. Minutes Of The Regular Board Meeting For Tuesday, June 18, 2019 & Tuesday, July 2, 2019.

2. Village Budget Officer will present the Budget update for the 1st Half of 2019.

3. Update – Comfort Inn and Hotel Tax Ordinance

4. Update – Nick front Treasurer’s Conference / training

o Annual Reminder to get recertified with the OMA & FOIA (there have been law changes since last year)

o Update to Notary Public (See handout)

o Legalization of Adult Cannabis (See handout)

o Municipalities No Longer Required to Pass Prevailing Wage Ordinances

o Motor Fuel Tax (See handout)

5. Update – 2019 Street & Drainage Project

6. Discuss the possible refinancing of Orchard Court Drainage Project – this would save money in the future.

o As it stands now in August 2022 there will be a balloon payment of approximately $93,000.00 due, that will be the end of our 5-year loan at 3% interest.

o Most likely we will need to receive a loan at that time for the $93,000.00, the tax base used to make this payment will not have the balance in bank to pay the $93,000.00.

o The current interest rate is 3%, which interest rates are expected to increase soon. No way of knowing what the interest rates would be in August 2022.

7. Monthly Treasurer’s Report – June 2019.

8. Monthly Maintenance Comp Time Report – June 2019.

9. Monthly Clerk’s Report – June 2019.

10. Sign Vendor/Payroll Checks.

11. New Business / Other.

https://www.carbon-cliff.com/documents/212/AD_Agenda_07-09-2019.pdf

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Organizations in this Story

Village Of Carbon Cliff Administration Committee