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HomeMy WebLinkAbout01-12-1998 Meeting I FINANCE & APPROPRIATIONS COMMITTEE COMMITTEE ROOM - January 12, 1999 1:00 P. M. PRESENT: Hons. Bob Young, Mayor; Bridges, Chairman; H. Brigham, Vice- Chairman; Beard and 1. Brigham, members; Randy Oliver, Administrator; Jim Wall, Attorney; Lon Morrey, Comptroller; Lena Bonner, Clerk of Commission and Nancy Morawski, Deputy Clerk of Commission. Also Present: George Eskola ofWJBF Television, Stacey Eidson of The Metropolitan Spirit, Sylvia Cooper of The Augusta Chronicle and Hon. Colclough, Commissioner. The Clerk: We have a request to add one item to the agenda. Mr. H. Brigham: I so move. Mr. Beard: Second. Motion adopted unanimously. I The Committee first heard a presentation from representatives of the Augusta Richmond County Coliseum Authority regarding their present and upcoming activities and their present and projected financial status. At the close of the presentation and after a short discussion, Mr. 1. Brigham: I move we receive it as information. Mr. H. Brigham: Second. Motion adopted unanimously. A request for a refund for the dropped homestead exemption for the tax years of 1993, 1994 and 1995, was read. Mr. Wall: I recommend that we make the refund for 1995 but not beyond that period. Mr. 1. Brigham: I so move. Mr. H. Brigham: Second. Motion adopted unanimously. I A request to approve a Resolution and First Amendment to the 1998 Augusta Money Purchase Plan so as to change the employer contribution to 2% of the employee's compensation, effective January 1, 1999, was read. Mr. Oliver: The employee puts in 4% and we had planned to increase our amount by 1% each year until we reach a 4/4 match, and this has been budgeted in the 1999 budget you approved. Legally we have to do the resolution to increase the match from one to two. I Mr. 1. Brigham: I so move. Mr. H. Brigham: Second. Motion adopted unanimously. ADJOURNMENT: There being no further business, the meeting was adjourned. Lena 1. Bonner Clerk of Commission NWM I I I I I ADDENDUM FINANCE & APPROPRIATIONS AGE1\fDA January 12, 1999 1:00 P. M. ADDITION TO THE AGENDA: 1. Motion to approve Resolution and First Amendment to the 1998 Augusta Money Purchase Plan so as to change the employer contribution to 2% of the employee's compensation, effective January 1, 1999.