Metro East Sun

City of Granite City Finance Committee met Oct. 6.

Here is the minutes provided by the committee:

SIGN IN

Paul Jackstadt (Chairman)

Time Elliott

Mary Davis

Brian Konzen

Gerald Williams

Walmer Schmidtke

Andy Mathes

Brad Eavenson

Dan Mcdowell

Ed Hagnauer

Bob Pickerell

Judy Whitaker

Alderman Jackstadt called the Finance Committee Meeting Minutes to order. Jackstadt stated that first we have an Ordinance approving the declaration of trust of the Illinois Trust (formerly known as the Illinois institutional Investor Trust) and authorizing the execution thereof, and authorizing certain officials to act on the behalf of the City of Granite City, Illinois and turned over to Treasurer Shari Grim.

Treasurer Grim stated that Illinois Trust is a Trust that has the City, Municipalities, Fire district that all pool their money together to make investments. If you are familiar to Illinois funds it very similar to that. Therefore, I want to add the Illinois Trust to our investment opportunities to create some diversity.

MOTION By Jackstadt, second by Elliott to approve an Ordinance approving the declaration of trust of the Illinois Trust (formerly known as the Illinois institutional Investor Trust) and authorizing the execution thereof, and authorizing certain officials to act on the behalf of the City of Granite City, Illinois. ALL VOTED YES. Motion Carried.

Jackstadt stated that next is discussion on bids for new dump trucks and turned over to the Mayor.

Mayor stated that the street department has five dump trucks that will not make it through the winter so we are putting bids out there, we do not plan on going over $83,000.00, and we need the approval for this tonight.

MOTION By Jackstadt, second by Williams to approve the Ordinance to purchase dump trucks. ALL VOTED YES. Motion Carried.

Mayor stated that we have the opportunity to have through the Covid relief to add ion machines to all our a/c units at City Hall with a cost of $55,570.00 and another $30,000.00 for Wastewater Treatment Plant, Street Department, three Fire Stations, Street Department, and the Shooting Range. So what I am asking for tonight is approval from the Council tonight to move forward.

MOTION By Jackstadt, second by Elliott to have the City Attorney draft and Ordinance for the ion units. ALL VOTED YES. Motion Carried.

MOTION By Jackstadt, second by Williams to Adjourn the Finance Committee Meeting. ALL VOTED YES. Motion Carried.

MEETING ADJOURNED.

http://www.granitecity.illinois.gov/docs/2020-10-6%20FINANCE%20MINUTES.pdf