Finance Committee

City of Joliet 150 West Jefferson Street Joliet, IL 60432 Meeting Minutes - Pending Approval Tuesday, July 19, 2022 5:30 PM City Hall, Council Chambers Finance Committee Committee Members Pat Mudron Cesar Guerrero Sherri Reardon Finance Committee Meeting Minutes - Pending Approval July 19, 2022 Page 1 of 1 Finance Committee Meeting Minutes - Pending Approval July 19, 2022 Citizens who are unable to attend the meeting can email comments in advance of the meeting to publiccomment@joliet.gov. ROLL CALL: Present Councilman Pat Mudron, Councilwoman Sherri Reardon and Councilman Cesar Guerrero ALSO PRESENT: James Ghedotte - Director of Finance, Kevin Sing - Budget Coordinator, Armando De Avila - Risk Management, Rich Stokluska - Arthur J. Gallagher & Co. and Greg Peerbolte - Heritage Corridor. APPROVAL OF MINUTES: Attachments: June2022 Draft Minutes A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Cesar Guerrero, to approve the Minutes for June 21, 2022 Finance Committee meeting. The motion carried by the following vote: Aye: Councilman Mudron, Councilwoman Reardon and Councilman Guerrero CITIZENS TO BE HEARD ON AGENDA ITEMS: None. AGENDA ITEMS: Attachments: City of Joliet GO Bonds 2022 (Rock Run Crossings Project) - Parameters Ordinance (4871-1610-2439.v4) James Ghedotte, Director of Finance discussed the parameters ordinance regarding the Rock Run Crossings (Cullinan) project. Brief discussion held. Proposal was recommended to go to full council for approval. A motion was made by Councilman Cesar Guerrero, seconded by Councilwoman Sherri Reardon, to recommend to the full council City of Joliet GO Bonds Series 2022 - Parameters Ordinance. The motion carried by the following vote: Aye: Councilman Mudron, Councilwoman Reardon and Councilman Guerrero Authorization to Award Contract for Comprehensive Benefit Consulting/Broker Services Armando De Avila, Risk Management introduced Rich Stokluska of Arthur Ghallagher & Co. to address the new contract for Comprehensive Benefit Consulting Services and the proposed renewal of Property and Casualty coverages. Page 1 of 3 Finance Committee Meeting Minutes - Pending Approval July 19, 2022 A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Cesar Guerrero, to recommend to the full council Authorization to Award Contract for Comprehensive Benefit Consulting/Broker Services and the Authorization to Approve the Proposed Renewal of Property and Casualty Coverages. The motion carried by the following vote: Aye: Councilman Mudron, Councilwoman Reardon and Councilman Guerrero Authorization to Approve the Proposed Renewal of Property and Casualty Coverages A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Cesar Guerrero, to recommend to the full council Authorization to Award Contract for Comprehensive Benefit Consulting/Broker Services and the Authorization to Approve the Proposed Renewal of Property and Casualty Coverages. The motion carried by the following vote: Aye: Councilman Mudron, Councilwoman Reardon and Councilman Guerrero Resolution Authorizing the Execution of a Memorandum of Understanding between the Heritage Corridor Convention & Visitors Bureau and the City of Joliet for Temporary Grant Funding Attachments: Resolution CVBMOU 22-336003 GA Executed R66 Grant HC CVB HCCVB Temp Funding Request Mr. Ghedotte introduced Greg Peerbolte of Heritage Corridor, who discussed the Resolution Authorizing the Execution of a Memorandum of Understanding between the Heritage Corridor Convention & Visitors Bureau and the City of Joliet for Temporary Grant Funding. A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Cesar Guerrero, to recommend to the resolution authorizing the Execution of a Memorandum of Understanding between the Heritage Corridor Convention & Visitors Bureau and the City of Joliet for Temporary Grant Funding. The motion carried by the following vote: Aye: Councilman Mudron, Councilwoman Reardon and Councilman Guerrero REPORTS: Page 2 of 3 Finance Committee Meeting Minutes - Pending Approval July 19, 2022 Attachments: June2022 Monthly Financial Report Kevin Sing, Budget Officer - reviewed a revised June Monthly Financial Report that included Police & Fire pension property tax receipts, pension contributions and COVID grant funding. Brief discussion held. Attachments: Invoices Paid 06.22 Mr. Ghedotte briefly pointed out the payments made to the Railto Theatre and the Will County Courthouse. Attachments: Travel 06.22 Mr. Ghedotte discussed the increase in travel expense for the police department due to training activity. No further discussion held. Attachments: July2022 Personnel Summary Armando De Avila, Risk Management discussed employment positions currently open with the City, as well as summer labor positions. Brief discussion held. NEW OR OLD BUSINESS, NOT FOR FINAL ACTION OR RECOMMENDATION: None. PUBLIC COMMENTS: None ADJOURNMENT: A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Cesar Guerrero, to adjourn. The motion carried by the following vote: Aye: Councilman Mudron, Councilwoman Reardon and Councilman Guerrero Page 3 of 3