Finance Committee Meeting August 2, 2021

City Council

Holyoke Massachusetts

Notice of Committee Meeting

There will be a regular meeting of the committee on

Finance

On Monday, August 2, 2021 at 6:30 PM

Meeting to take place at

Holyoke City Hall, 536 Dwight St

*** Meeting can be accessed remotely via www.zoom.us

https://us02web.zoom.us/j/81909892862?pwd=NVRiUC9oS2oyNVJVRDhkS2tLbHhOQT09

Meeting ID: 819 0989 2862 Meeting Passcode: 409886 or by call in at 1 (646) 558-8656 with same Meeting ID and Passcode.  ***

Agenda

Item 1: 7-20-21 MCGIVERIN — Ordered, that in accordance with M.G.L. Chapter 44 Sec. 53A, the City Council hereby accepts the provisions of the “HOLYOKE’S SAFE STREETS AND PATHS PROJECT, $73,100, NO MATCH” grant and authorizes the establishment of a Fund or other method appropriate for the account of the receipts and expenditures of all resources associated with the administration of said grant.

Item 2: 6-15-21 From Lisa Ball, Acting City Solicitor Contract for David Pratt.

Item 3: 6-15-21 Settlement Agreement by and Between the City of Holyoke and the Holyoke Professional Supervisor Association.

Item 4: 6-15-21 MCGIVERIN — Ordered that the sum of $856,750 is appropriated to pay the costs of building demolition at the following City of Holyoke properties: 345 Dwight Street, 84 Newton Street, 144 High Street, 106 Pine Street, 246 Lyman Street, and the payment of all costs incidental and related thereto, and that to meet this appropriation, the Treasurer, with the approval of the Mayor, is authorized to borrow said amount under and pursuant to Chapter 44, Section 7(1) of the General Laws, or pursuant to any other enabling authority, and to issue bonds or notes of the City therefore; that the Mayor is authorized to contract for and expend any state aid available for the project; and that the Mayor is authorized to take any other action necessary or convenient to carry out this project.
Further Ordered: That any premium received by the City upon the sale of any bonds or notes approved by this vote, less any such premium applied to the payment of the costs of issuance of such bonds or notes, may be applied to the payment of costs approved by this vote in accordance with Chapter 44,. Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.
Further Ordered: That the Treasurer is authorized to file an application to qualify under Chapter 44A of the General Laws any and all of the bonds or notes authorized to be issued pursuant to this Order, and to provide such information and execute such documents as may be required for such purposes.
Further Ordered: That in order to reduce interest costs, the City Treasurer, with the approval of the Mayor, is authorized to refinance any bonds issued pursuant to this Order and in connection therewith, to issue refunding bonds in accordance with Section 21A of the General Laws.
Further Ordered: That there shall be no change in the purpose of this bond authorization without prior vote of approval by the Holyoke City Council.

Item 5: 6-15-21 From Historical Commission, letter regarding the demolition of historical buildings

Item 6: 6-15-21 From Alicia M. Zoeller, Administrator Office of Community Development re: American Rescue Plan Act Grant.

Item 7: 6-15-21 From City Auditor Tanya Wdowiak, communications regarding the projected revenue loss calculations for ARPA funds

Item 8: 1-19-21 LISI — Ordered, that That the mayor consider establishing a capital stabilization fund, potentially with a one-time expenditure from our presently healthy emergency stabilization fund.
*Tabled 5-10-21

Administrative Assistant: Jeffery Anderson-Burgos

The listing of matters are those reasonably anticipated by the chair which may be discussed at the meeting. Not all items listed may in fact be discussed and other items may also be brought up for discussion to the extent permitted by law. Also one or two items may require the committee to enter into executive session at this meeting. Agenda subject to change up to two business days (48 hours) prior to posted meeting time.