COMMITTEE ON FINANCE  - August 22, 2023
MEETING AT 7:00 PM,
REMOTE MEETING
AGENDA
 

REVISED AGENDA

 

THIS MEETING IS BEING HELD REMOTELY IN ACCORDANCE WITH THE GOVERNOR OF MASSACHUSETTS’ MARCH 12, 2020 ORDER SUSPENDING CERTAIN PROVISIONS OF THE OPEN MEETING LAW G.L.C. 30A, SECTION 20, WITH EXTENSIONS SIGNED ON MARCH 29, 2022 AND MARCH 29, 2023 AND THE CITY COUNCIL’S VOTE TO WAIVE RULE 21A ON APRIL 13, 2023

THIS MEETING WILL BE LIVE STREAMED ON

NB CABLE ACCESS FACEBOOK PAGE

 

 

1.   COMMUNICATION, Quillan Lowney, Acting Treasurer/Collector to Councillor William Brad Markey, Chairman, Committee on Finance, presenting a request for interim loan financing for Massachusetts Clean Water Trust projects; the interim loans are available to the City at an interest rate of 0.0%.

 

INVITEES: Emily Arpke, Deputy CFO/City Auditor; Michael Gagne, Interim Chief Financial Officer; Quillan Lowney, Treasurer/Collector; Jamie Ponte, Commissioner, Department of Public Infrastructure

 

2.     WRITTEN MOTION, Councillor Morad, requesting that Michael Gagne, Interim Chief Financial Officer, appear before the Committee on Finance in March 2023 to provide the Committee with updated financial information detailing Covid-19 expenses submitted to FEMA for reimbursement; and further, that the Committee be provided with information regarding the total funds which have been received by the City of New Bedford for prior FEMA and CARES Act expense submissions. (Ref’d 10/27/2022) (Matter ID #1738)

 

INVITEES: Emily Arpke, Deputy CFO/City Auditor; Michael Gagne, Interim Chief Financial Officer; Atty. David Gerwatowski, Legal Counsel; Brian Nobrega, Director, Emergency Management

 

3.  RELATED MOTION, Councillors Gomes and Giesta, requesting, that Jennifer Vieira, Director of Facilities and Fleet Management appear before the Committee on Finance to provide the detail of revenue collections and expenses associated with the Quest Center Revolving Fund: said Fund’s revenues collected and amount limited to be spent has been estimated at $247,510 for Fiscal Year 2024. (Ref’d 06/22/2023) (Matter ID # 1179)

 

INVITEES: Emily Arpke, Deputy CFO/City Auditor; Michael Gagne, Interim Chief Financial Officer; Atty. David Gerwatowski, Legal Counsel; Jennifer Vieira, Director of Facilities and Fleet Management

 

4.      COMMUNICATION, Ramon Silva, Senior Director, New Bedford Economic Development Council, to Council President Morad and Members of the City Council, submitting a TIF application and Resolution approved by the Tax Increment Financing Board for a five (5) year TIF Agreement for Windward Power Systems, Inc. and Superfly Enterprises, LLC, New Bedford, MA 02740. (Ref’d 07/20/2023) (Matter ID # 1301)

4a.         RESOLUTION, Approving Certified Project Application and Special Tax Agreement with Windward Power, Inc. and Superfly Enterprises, LLC. (Ref’d 07/20/2023) (Matter ID #1302)

 

INVITEES: Ramon Silva, Senior Director, New Bedford Economic Development Council; Nathan Tynan, President, Windward Power System, Inc. and Superfly Enterprises LLC

 

Chair Suggests 'Waive Reading', 'No Further Action' and 'Report Out to the Full City Council'
5.    RELATED MOTION, Councillor Pereira, requesting, that the Committee on Finance investigate the creation of a Revolving Fund for the New Bedford Fire Department for all their revenues. (Ref'd 03/16/2023)

 

 

 

In accordance with the Americans with Disabilities Act (ADA), if any accommodations are needed, please contact the City Council Office at 508-979-1455. Requests should be made as soon as possible but at least 48 hours prior to the scheduled meeting.