COMMITTEE ON FINANCE  - June 14, 2023
MEETING AT 7:00 PM,
City Hall, 133 William Street, 2nd Floor, New Bedford, MA 02740
AGENDA
 

1.   COMMUNICATION, Atty. Eric C. Cohen, Executive Director of the New Bedford Retirement Board, to the City Council, advising that on March 24, 2023, the Board voted to grant a Cost of Living Adjustment (COLA) allowance of 3% to retirees, effective July 1, 2023. (Copy all Councillors via email March 27, 2023.) (Ref’d 04/13/2023) (Matter ID #0700

 

INVITEES: Emily Arpke, Deputy CFO/City Auditor; Atty. Eric C. Cohen, Executive Director, New Bedford Retirement Board; Michael Gagne, Interim CFO, Atty. David Gerwatowski, Legal Counsel; Atty. Eric Jaikes, City Solicitor

 

2.    COMMUNICATION, Atty. Eric C. Cohen, Executive Director of the New Bedford Retirement Board, to the City Council, advising that the Retirement Board intends to discuss at their April 27th meeting, a one-time 2% additional Cost of Living Adjustment (COLA) for retirees of the system retroactive to the fiscal year commencing July 1, 2022. (Copy all Councillors via email March 27, 2023.) (Ref’d 04/13/2023) (Matter ID #0701)  

 

INVITEES: Emily Arpke, Deputy CFO/City Auditor; Atty. Eric C. Cohen, Executive Director, New Bedford Retirement Board; Michael Gagne, Interim CFO, Atty. David Gerwatowski, Legal Counsel; Atty. Eric Jaikes, City Solicitor

 

3.  COMMUNICATION, Council President Morad, submitting a letter from Atty. Eric C. Cohen, Executive Director of the New Bedford Retirement Board, regarding the New Bedford Contributory Retirement Board’s vote to approve an additional two percent (2%) Cost of Living Adjustment (COLA) retroactive to the beginning of Fiscal Year 2023 (July 1, 2022) at a special meeting held on April 27, 2023. (To be Referred to the Committee on Finance.) (Ref’d 05/11/2023) (Matter ID #0842)

 

INVITEES: Emily Arpke, Deputy CFO/City Auditor; Atty. Eric C. Cohen, Executive Director, New Bedford Retirement Board; Michael Gagne, Interim CFO, Atty. David Gerwatowski, Legal Counsel; Atty. Eric Jaikes, City Solicitor

 

4.    COMMUNICATION, Mayor Mitchell to City Council, submitting a LOAN ORDER, appropriating $7,850,000.00 for the purpose of making critically needed repairs to City-owned buildings including, but not limited to, projects for the repair and renovation of public safety facilities, recreational facilities, general office space, and roads and infrastructure. (FY2023-2027 Capital Improvement Program) (Ref’d 04/27/2023) (Matter ID #0781)

 

4a.   LOAN ORDER, (Ref’d 04/27/2023) (Matter ID #0782)

 

INVITEES: Emily Arpke, Deputy CFO/City Auditor; Michael Gagne, Interim CFO, Atty. David Gerwatowski, Legal Counsel; Jamie Ponte, Commissioner, Department of Infrastructure; Jennifer Vieira, Director, Department of Facilities and Fleet Management; Representative, Mayor's Office

 

 

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