The Finance Committee convened on Tuesday, December 9, 2025, at 6:01 PM via remote participation, chaired by Councilor Jake Wilson. The meeting addressed budget appropriations for street resurfacing and utility corrections, grant approvals, and property gifts. A significant procedural issue occurred where Agenda Items 7 and 8 contained duplicate text instead of the intended items, requiring a separate session on Thursday to discharge and discuss the missing items. The committee concluded its final meeting of the year with the Chair reflecting on four years of service.
All right, good evening, everyone. I'm Jake Wilson. He, him pronouns, Councilor Large and your finance committee chair. It's 601 p.m. And I'd like to call to order the Tuesday, December 9th, 2025 meeting of the Finance Committee, the Summer City Council. First, I need to read you all this. Pursuant to chapter two of the acts of 2025. This meeting of a city council committee will be conducted via remote participation. We will post an audio video recording and a comprehensive record of these proceedings as soon as possible after the meeting on the City of Centerville website and local cable access government channels. Clerk, could you please call a role to establish quorum? Yep, this is roll call. Counselor Mbaugh. President. Councilor Burnley. President. Councilor Klingon. Present. Counselor Scott. President. Chair Wilson. Present. All right, with that we have everyone here. So we do have quorum. Excellent. I want to thank you all for uh for being here. Good to have uh 100% attendance. We're gonna take up tonight's agenda in the order posted. Uh we will uh start with the approval of the minutes from our previous meeting, and that is ID number 25-1779. Approval the minutes of the finance committee meeting of November 19th, 2025. On the minutes, any discussion. All right, the minutes are laid on the table. We're recommend approval with one vote here at the end of the night. We're gonna go now to our second agenda item, ID number 25-1742. Uh it's the mayor requesting authorization to borrow $3 million $57,826 in a bond and to appropriate the same amount for the fiscal year 2026 street resurfacing program. And we're gonna take this up along with uh our first appropriation, ID number 25-1743. Uh the mayor requesting approval to appropriate $3 million from the street reconstruction and resurfacing stabilization fund for the FY 2026 street resurfacing program. And I see we have uh Director Michael Richards uh from IAM and also uh Director Brian Postalweight from Engineering. Take it away, please. Whoever wants to take lead on this. Thank you, Chair. I'll uh I'll get this started. Again, Michael Richards, Director of Finance and Administration for the Department of Infrastructure and Asset Management. We've requested that these two items be considered together as they're part of our comprehensive FY26 street resurfacing program. This is part of our annual uh appropriation request uh that's been included on our five-year CIP. Uh this request and uh in a moment, Director Brian Postalwaite will share kind of our overall plan, how these are allocated and used. But this uh keeps us on track with our five-year CIP. Uh this request is in line with that total. Um the stabilization request is uh requested here to defray some of that cost or relieve some of the burden on the bonding and the borrowing authorization. We had previously uh expected to request $6,057,000 in change on the bond. Uh and with Director Bean's guidance, we've reduced that to $3,057,000 in change with $3 million from stabilization to again uh decrease that that uh that impact on the borrowing authorization.