Finance Committee Meeting February 7, 2022
6:30 pm City Hall Holyoke
536 Dwight St, Holyoke 01040
City Council
Holyoke Massachusetts
Pursuant to the Massachusetts Open Meeting Law, G.L. c. 30A, §§ 18-25,
and Section 20 of Chapter 20 of the Acts of 2021,
notice is hereby given of a meeting of the committee on
Finance
Monday, February 7, 2022
6:30 PM
Meeting to take place at
Holyoke City Hall, 536 Dwight St
and can be accessed remotely on Zoom Meetings
Per order of the Chair: Joseph McGiverin
Remote access via www.zoom.us
https://us02web.zoom.us/j/81619941024?pwd=MG9VRDE3V0JsMmVPVnhNNndPN2ZNQT09
Meeting ID: 816 1994 1024 Meeting Passcode: 197206 or by call in at 1 (646) 558-8656 with the same Meeting ID and Passcode.
Agenda
Item 1: 2-1-22 MCGIVERIN — that in accordance with M.G.L. Chapter 44 Sec. 53A, the City Council hereby accepts the provisions of the “FY22 FIREFIGHTER EQUIPMENT GRANT, $23,063, NO MATCH, ” grant and authorizes the establishment of a Fund or other method appropriate for the accounting of the receipts and expenditures of all resources associated with the administration of said grant.
Item 2: 12-21-21 MCGIVERIN — Ordered that the sum of $475,000 is appropriated to pay the costs of the new middle school design phase 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(7) of the General Laws, or pursuant to any other enabling authority, and to issue bonds or notes of the City therefor; 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 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 outstanding bonds of the City, as well as any bonds issued pursuant to this Order, and in connection therewith, to issue refunding bonds in accordance with Chapter 44, 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.
*Tabled 1-10-22, 1-31-22
Item 3: 12-15-20 MURPHY — Ordered that the mayor and the receiver meet with the finance committee to update the city council on the potential of receiving MSBA approval for building one new middle school with MSBA assistance. Please provide any update on when the city might know the status of the proposal, and the financial implications of any approval.
*Tabled 1-31-22
Item 4: 2-1-22 From Cinder McNerney, Hilltop Securities – Middle school debt schedule
Item 5: 12-21-21 MCGIVERIN — that there be and is hereby appropriated by transfer in the fiscal year 2022, SIXTY FIVE THOUSAND AND 00/100 Dollars ($65,000.00) as follows:
FROM:
14251-51104 HEAVY MOTOR EQUIPMENT OPERATOR $65,000.00
TOTAL: $65,000.00
TO:
14302-53100 REFUSE-OTHER SERVICES $65,000.00
TOTAL: $65,000.00
Item 6: 11-16-21 MCGIVERIN — that there be and is hereby appropriated by transfer in the fiscal year 2022, ELEVEN THOUSAND TWO HUNDRED AND 00/100 Dollars ($11,200.00) as follows:
FROM:
14251-51105 POWER SHOVEL OPERATOR $11,200.00
TOTAL: $11,200.00
TO:
14251-51106 PROPERTY MAINT & DEMO WORKER $11,200.00
TOTAL: $11,200.00
*Tabled 12-6-21, 12-13-21
Item 7: 12-7-21 12-7-21 MCGIVERIN — That the City Council approve the expense of the FY2022 Holyoke Share-ValleyBike Administration in the amount of $9,610.00 to be paid from the TNC-Rideshare receipts reserved for appropriation fund #2601
*Tabled 12-13-21
Item 8: 2-1-22 MCGIVERIN — that there be and is hereby appropriated by transfer in the fiscal year 2022, SEVEN THOUSAND AND 00/100 Dollars ($7,000.00) as follows:
FROM:
11751-51223 DEVELOPMENTAL SPECIALIST $7,000.00
TOTAL: $7,000.00
TO:
11751-51105 SR. PROJECT MANAGER $7,000.00
TOTAL: $7,000.00
Item 9: 2-1-22 MCGIVERIN — that in accordance with M.G.L. Chapter 44 Sec. 53A, the City Council hereby accepts the provisions of the “VETERAN’S HERITAGE GRANT PROGRAM, $15,000, 50% MATCH, ” grant and authorizes the establishment of a Fund or other method appropriate for the accounting of the receipts and expenditures of all resources associated with the administration of said grant.
Item 10: 2-1-22 MCGIVERIN — that in accordance with M.G.L. Chapter 44 Sec. 53A, the City Council hereby accepts the provisions of the “GREEN COMMUNITIES MUNICIPAL ENERGY TECHNICAL ASSISTANCE PROGRAM (META), $15,000, NO MATCH, ” grant and authorizes the establishment of a Fund or other method appropriate for the accounting of the receipts and expenditures of all resources associated with the administration of said grant.
Item 11: From Holyoke Gas & Electric, letter of support for META Grant
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.