The Finance Committee convened to review and approve various disbursements from District One improvement funds, authorize reimbursements for the FY27 Ellevate Bond issues, and address amendments to existing economic development agreements. The committee unanimously approved routine outreach and mentorship grants, authorized a $16 million pre-funding mechanism for bond-eligible projects, and extended the timeline for the North River Hospitality project to 2028 without increasing public funds. Several items, including tax incentives for the Jackson Center for Quest and the North River Hospitality amendment, were identified as requiring subsequent City Council approval and a public hearing.
Ellevate Bond Issue Reimbursement (FY27):
North River Hospitality (Project Gilmore/Jack Hotel) Amendment:
Jackson Center for Quest: Councilman Eatman presented a motion for tax incentives (roughly $62,000 for one year). Councilman Eatman moved the item straight to the full City Council rather than finalizing it in committee.
NOAA's ARC 2.0 Budget:
Professional Liability Insurance: Mr. Holmes requested renewal of liability insurance for his office with the National District Attorney's Association (Sable Belt) for $8,371, citing a discounted rate due to the office's prosecution wing.
Grant Authorization: The City granted authorization for a new Grants Manager to apply for a federal reimbursement program for local law enforcement to purchase bulletproof vests, covering a 50% match budgeted within the TPD budget.
Lobbyist Contract Renewal: The committee approved the renewal of the contract with Steve Raby (Hostville Direct Communications) for $48,000 annually ($4,000/month) with no changes to terms or pricing.
Approvals (Unanimous):
Referrals & Next Steps:
Item number one under new business approval disbursement from District One improvement funds for St. Paul Baptist Church outreach ministry total $1,000. Councilman Eatman. Yeah, this is for St. Paul Outreach Ministries. They during the set down, they stepped up and really provided food for the community. And I just wanted to do something for them. So that's what this is for for the outreach ministry. Any questions, comments? Motion. Second. All in favor say aye. Aye. Aye. Item is approved. Item number two, Mr. Ethan. You're on quite a roll. Yeah. You just giving out a lot of money. Yeah, Rose Leadership Academy is a mentorship for young ladies. Does house that Stillman College in the district and just wanted to give them $500 to help the young ladies? Interesting. Yep. Motion. Second. All in favor say aye. Aye. Item approved. Item number three, just first time from District One Para Senior Programs. $500. This is for the pair of senior Silver Sleek program. They have a Christmas event every year for the seniors in the district and just wanted to contribute to their Christmas. Where is it going to be? It's gonna be at the Matt Gonehue Center. Okay. Motion. Second. All in favor say aye. Aye. Item number four. Um 1500 improvements fund. Yep. Mind changers. For mind changer. This is right in the pill. He has a mentor program. It's actually all over the city. But this $1,500 specifically be used for Westline Middle School for the mentorship mentorship program he has at Westland Middle School in the district. Okay.