Finance Committee Meeting Summary - August 11, 2026
Finance Committee Meeting Summary - August 11, 2026
The Finance Committee of the City of Winston-Salem met on August 11, 2026, at 4:00 PM. The meeting included approval of the consent agenda and discussion of one general agenda item regarding the issuance of multifamily housing revenue bonds for the Lofts at Motor Road project.
Consent Calendar
- Approved consent agenda (C-1 through C-8) including resolutions for conveyance of property for affordable housing, purchase orders for solid waste collection trucks, a construction contract for Miller Park improvements, approval of additional sole source vendors, a debt payment agreement with Mineral Springs Volunteer Fire Department, and a fiscal year 2026-2027 budget amendment.
Discussion Items
- G1: Resolution Approving Issuance of up to $25,400,000 Multifamily Housing Revenue Bonds for the Lofts at Motor Road – Bond counsel Kristen Kirby (McGuire Woods) presented the item. The bonds will finance 216 units of affordable housing. Aspire will act as conduit issuer; the bonds do not represent any debt or financial obligation of the city. The approval is required under Section 147(f) of the Internal Revenue Code and does not replace other project approvals (e.g., zoning, permitting). Council Member Denise Adams requested the city manager provide a list of prior similar bond issuances for public transparency. The committee approved the resolution.
Key Outcomes
- Consent agenda approved unanimously.
- Resolution G1 approved (vote taken electronically).
- City manager asked to provide a list of previous similar bond issuances to council and the public.
Meeting Transcript
Yes, have you ever loved a woman? So much you trembling pain. Yeah, all the time you know she was another man's name. You just love that woman. So much is a shame and a sin. Yeah, you shall love that woman. So much is a shame and a sin. Yes, you know, yes, you know. She belonged to your very best friend. Have you ever loved a woman? Why don't you know you can leave her alone? Have you ever loved a woman? Why do you know you can leave her alone? What a tragedy. When a Titanic ship went down, oh what a tragedy when that titanium went down. I used strategy during the tragedy. That's why no way around Yeah, women and the children, they was heading fun, yeah, women and the children. But when the ship started sinking, that's when the trouble began with an awful thing. But I really got to say myself. When I jumped in the water, everybody said, look at that fool. But when that tight tiny ship hit the bottom, I was in Harlem shooting food. Oh, what a tragedy. When a trajectory ship went down. I used strategy during a tragedy that went out of the book. You gotta watch all that. I'll beg your pardon on a straight and narrow track. You say you want Jesus to save your soul. You gotta keep the devil way down in the hole. All the angels are singing about Jesus might soul. And they should do with me, we're close to the Lord. Don't think about temptation. You gotta keep the devil way down in the hole. When you walk through the garden, you gotta watch all that. On a straight and narrow track. You say you want Jesus. See you so you gotta keep the devil. Way down in the hole. Way down in the hole. Way down in the hole. Way down in a hole. Way down in a hole. Way down in a hole. Way down in a hole. You're watching WSTV Digital Media. Good afternoon. Welcome to the August Finance Committee meeting after a month off. We're glad everybody's back. We will get going. We have both consent and general agenda items. Are there any items any person would like removed from the consent agenda?
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