NovusAGENDA


	*COMMITTEE ON FINANCE* - February 28, 2023 MEETING AT 7:00 PM, *City Hall, 133 William Street, New Bedford, MA City Council Chambers - Room 214* *AGENDA*


	1. COMMUNICATION, Mayor Mitchell, to City Council, submitting AN ORDINANCE, amending Chapter 10, Subsection (e) of the City Code of Ordinances, to establish a Revolving Fund that will receive 50% of all payments received by the City pursuant to the Host Community Agreement (HCA) with Parallel Products affiliate Southcoast Renewables and SMRE 100, LLC. (Ref’d 11/10/2022) 1a. AN ORDINANCE, (Ref’d 11/10/2022)
	INVITEES: Emily Arpke, City Auditor; Michael Gagne, Interim CFO; Representative, Mayor’s Office
	2. WRITTEN MOTION, Councillor Pereira, requesting that the Interim Chief Financial Officer, the City Auditor, and the Treasurer/Collector or representatives of these offices appear before the Committee on Finance to discuss the status of the City's current 457 Deferred Compensation Plan and further to discuss compliance with IRS regulations. (Ref’d 11/10/2022)
	INVITEES: Emily Arpke, City Auditor; Ray DeBarros, Interim Treasurer; Michael Gagne, Interim CFO; Representative, Mayor’s Office
	3. COMMUNICATION, Mayor Mitchell, to City Council, submitting AN ORDER amending the existing lease between Nor East Aviation Services, Inc. and the City of New Bedford. (Ref’d 12/06/2022) 3a. AN ORDER, (Ref’d 12/06/2022)
	INVITEES: Emily Arpke, City Auditor; Michael Gagne, Interim CFO; Scot Servis, Airport Manager


	Chair Suggests ‘Waive Reading’, ‘No Further Action’ and ‘Report Out to the Full City Council’


	4. WRITTEN MOTION, Councillor Morad, requesting, that the Administration amend the Enhanced Façade Improvement Program by immediately suspending the 25% match requirement for all applicants under said program; and further, that this Motion be referred to the Committee on Finance for discussion with representatives of the Administration, the Office of Housing and Community Development, the South Coast Chamber of Commerce and small business owners regarding the negative ramifications of the 25% match requirement, which is deterring small business owners from submitting applications for funding under the program. (Ref’d 04/28/2022) (05/09/2022 – tabled 45 days) (05/13/2022 – returned unsigned by the Mayor)

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