The City Manager, Mayor, City Council and Bea O· What is financed
· How debt is reduced
· City Bond rating
· Control factors
· Examining present debt with future debt
· Reviewing general fund debt
· Reviewing all funds debt schedule 2001 - 2020
· Connector Road bonding impact
· Continuing to aggressively pay down debt
· Scheduling another work session on Connector Road for 2/21
· Schedule first reading on Connector Road for 2/28
Mayor Carnicelli asked Councilors if there were any other questions or issues they would need information on to move forward with a decision on the Connector Rd. None were mentioned.
OTHER BUSINESS
Councilor Jacobs asked what the status of his inquiry regarding the traffic light on State St. and the Arterial was. Tom Leone reported that Officer Weed was investigating.
The City Manager reported that the City and County could be working together on a Hazardous Waste Grant. The County Legislature will be discussing it soon.
The City Manager reported that NYSEG appealed to the state regarding their franchise fee assessment in an effort to get it reduced. This could impact the city revenue.
PUBLIC TO BE HEARD
Motion to adjourn to Executive Session by Council Hunter, seconded by Councilor Jacobs to discuss the following:
· Pending litigation
· Status of Collective Negotiations
· Employment History of particular persons
· Proposed sale of city owned property
All vote aye. Meeting began at 7:45PM and ended at 8:20PM
Council returns to chamber and there is a motion to adjourn to Executive Session by Councilor Hunter, Seconded by Councilor Jacobs to discuss the following:
· Financial History of a particular company
All vote aye. Meeting began at 8:30PM and ended at 8:35PM
ADJOURNMENT
