HomeMy WebLinkAbout11-25-2002 Meeting
FINANCE & APPROPRIATIONS
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COMMITTEE ROOM - November 25, 2002
2': 00=P:=M.
1. Request to abate balance of2002 taxes in the amount of $2,564.57 on City
property.
2. Motion to abate the 2002 property taxes in the amount of $1,824.77 for the
Augusta Boxing Club headquarters.
3. Motion to transfer funds from various funds identified in the recommendation
section to the Workers' Compensation Fund to cover necessary' expenditures for
September through December 2002.
4. Approve continuing commercial property insurance through Chubb.
5. Consider abatement of tax balance in the amount of $86;72 on property purchased
by City.
6. Consider a request from Transition Centers, Inc. for an abatement of taxes in the
amount of $5,664.65 on property located at 1328 Baker Avenue.
ADDENDUM
FINANCE & APPROPRIATIONS AGENDA
November 25, 2002
2:00 P. M.
ADDITIONS TO THE AGENDA:
I. Motion to approve Co-Sponsorship Agreement with Georgia's Civil War Heritage
Trails, Inc. to become a local co-sponsor of GCWHT's March to the Sea Heritage
Trail.
2. Approval of an agreement for Augusta-Richmond County government to maintain
the services of an investment banker to provide ongoing financial advisory and
underwriting services for debt-financing and refinancing on current and future
debts.
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FINANCE & APPROPRIATIONS
COMMITTEE.
COMMITTEE ROOM - November 25, 2002
-2:00 P. M.
PRESENT: Hons. Shepard, Chairman; Hankerson, Co-Chairman; Bridges and
Williams, members; Jim Wall, Attorney; George Kolb, Administrator; David Persaud,
Finance Director; Fred Russell, Deputy Administrator; Lena Bonner, Clerk of
Commission.
ABSENT: Hon. Bob Young, Mayor.
Also Present: George Eskola, WJBF Television, Stacey Eidson of The
Metropolitan Spirit, Heidi Williams of The Augusta Chronicle, other members of the
news media and Hon. Mays, Commissioner.
CONSENT AGENDA ITEMS:
1. Request to abate balance of 2002 taxes in the amount of $2,564.57 on City
property.
2. Motion to abate the 2002 property taxes in the amount of $1,824.77 for the
Augusta Boxing Club headquarters.
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5.
Consider abatement of tax balance in the amount of $86.72 on property
purchased by City.
Mr. Williams: I so move.
Mr. Bridges: Second.
Motion adopted unanimously.
3. Motion to transfer funds from various funds identified in the
recommendation section to the Workers' Compensation Fund to cover
necessary expenditures for September through December 2002.
Mr. Hankerson: I move for approval.
Mr. Bridges: Second.
Motion adopted unanimously with Mr. Williams on the telephone.
4. Approve continuing commercial property insurance through Chubb.
Mr. Bridges: I so move.
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Mr. Williams: Second.
6.
Consider a request from Transition Centers, Inc. for an abatement of taxes
in the amount of $5,664.65 on property located at 1328 Baker Avenue.
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Motion adopted unanimously.
Mr. Reece: I would ask that you delay this until your next meeting until we get
some further information from them.
Mr. Williams: I move that we retain this in the committee.
Mr. Bridges: Second.
Motion adopted unanimously.
ADDENDUM AGENDA:
ADDITIONS TO THE AGENDA:
1.
Motion to approve Co-Sponsorship Agreement with Georgia's Civil War
Heritage Trails, Inc. to become a local co-sponsor of GCWHT's March to the
Sea Heritage Trail.
Approval of an agreement for Augusta-Richmond County government to
maintain the services of an investment banker to provide ongoing fmancial
advisory and underwriting services for debt-financing and refinancing OIl
current and future debts.
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2.
Mr. Bridges: I so move to add.
Mr. Williams: Second.
Motion adopted unanimously.
Addendum Item 1. 'Motion to approve Co-Sponsorship Agreement with Georgia's
Civil War Heritage Trails, Inc. to become a local co-sponsor of
GCWHT's March to the Sea Heritage Trail.
Mr. Wall: This is a proposal to put up two markers in Augusta. Monies have
been budgeted in the Recreation Department to fund this and we recommend approval.
Mr. Bridges: I so move.
Mr. Chairman: I'll second it for purposes of discussion.
Motion adopted unanimously.
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Addendum Item 2. Approval of an agreement for Augusta-Richmond County
government to' maintain the' services of an investment banker to
provide ongoing financial advisory and underwriting services
for debt-financing and refinancing on current and future debts.
Mr. Kolb: I would recommend that you move forward with this agreement
because we will be needing some advice with some projects in the near future.
Mr. Wall: We have done some consulting with Smith Barney for the airport
revenue bonds.
Mr. Bridges: I move for approval, Mr. Chairman.
After further discussion, Mr. Chairman: We might need to hold this in the
committee for one round to determine if we need to renegotiate or issue an RFP.
Mr. Williams: I'll second the motion.
Mr. Hankerson: I'd like to make a substitute motion that we follow the same
procedures of going through an RFP as we have done in the past and not set a precedent
here of signing agreements and locking companies in.
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Mr. Chairman: I'll second that motion.
(Vote. on substitute motion)
Motion fails with Mr. Bridges and Mr. Williams voting No.
(Vote on original motion)
Motion fails with the Chairman and Mr. Hankerson voting No.
ADJOURNMENT: There being no further business, the meeting was adjourned.
Lena J. Bonner
Clerk of Commission
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