City of Belleville Finance Committee met Nov. 9.
Here is the minutes provided by the committee:
Chairman Kinsella called the meeting to order at 7:00 pm.
Chairman Kinsella opened public participation. There was no public participation. Public participation was closed.
Alderman Kinsella asked for a motion to approve the minutes from the October 12, 2020 meeting.
Motion
Alderman Ferguson made a motion to approve the minutes from October 12, 2020. Alderman Schaefer seconded. Roll call vote was taken. Alderman Pusa, Ferguson, Ovian, Schaefer, Rothweiler, Weygandt, Barfield and Kinsella all voted yes. The motion passed.
Worker’s Compensation and Property/Liability Insurance Renewal
Jamie Maitret explained that our broker was able to secure a couple different quotes for our various policies, and staying with our current carriers of Safety National for liability policies, Liberty Mutual for property, and IPRF for worker’s compensation coverage was
the best option at only a 1.04% increase from the current policy cost. This is an increase of just under $10,000 from the current year policy. The broker has told her this is great news considering everything going on in the insurance market, and the large increases that many municipalities are facing. This is under the budget amount planned for this year’s premiums. Discussion followed.
Motion
Alderman Ferguson made a motion to approve the workmen’s compensation and property/liability insurance renewal, as recommended by our broker. Alderman Weygandt seconded. Roll call vote was taken. Alderman Pusa, Ferguson, Ovian, Schaefer, Rothweiler, Weygandt, Barfield and Kinsella all voted yes. The motion passed.
Discussion of possible COVID-19 business recovery programs
Eric Schauster explained that the State of Illinois, through CARES Act funding, has created a grant that allows municipalities to apply for grants to provide assistance to businesses that have suffered revenue losses due to COVID-19, and get reimbursed for them. The next deadline to apply is this Friday, November 13th. The Metro East was allotted $2.1 million for these grants, which is based off of the LGDF formula and population. We are applying for $150,000. We are basing our program off of Federal and State guidelines, as well as what some other municipalities are doing. Eric explained the criteria for the business grants and the scoring model, as well as the expected timeline. Discussion followed.
No motion needed at this time.
Budget Amendments
Jamie explained the need for the budget amendments.
Motion
Alderman Weygandt made a motion to approve the budget amendments as recommended by the Finance Director. Alderman Ferguson seconded. Roll call vote was taken. Alderman Pusa, Ferguson, Ovian, Schaefer, Rothweiler, Weygandt, Barfield and Kinsella all voted yes. The motion passed.
Revenue Sources
Motion to receive and file.
Motion
Alderman Ovian made a motion to receive and file the revenue sources. Alderman Schaefer seconded. Roll call vote was taken. Alderman Pusa, Ferguson, Ovian, Schaefer, Rothweiler, Weygandt, Barfield and Kinsella all voted yes. The motion passed.
Alderman Ovian questioned when the demolitions that were awarded recently would be done. Jamie was not sure of the timeline, but stated she would make sure someone would get the info out to aldermen via email tomorrow.
Motion to Adjourn
Alderman Ferguson made a motion to adjourn at 7:22 pm. Alderman Rothweiler seconded. Roll call vote was taken. Alderman Pusa, Ferguson, Ovian, Schaefer, Rothweiler, Weygandt, Barfield and Kinsella all voted yes. The motion passed.
https://www.belleville.net/AgendaCenter/ViewFile/Minutes/_11092020-2364
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