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Agenda

Board of Estimate and Taxation Agenda

Regular Meeting
August 26, 2020 - 4:00 pm
Online Meeting
Members: Carol Becker (President), David Wheeler (Vice-President), Lisa Bender, Jono Cowgill, Steve Fletcher, and Jacob Frey (Quorum: 4)
Staff: Ayan Adan

Call To Order

  1. Roll Call.
    Adoption of the agenda.

Presentation

  1. Introducing Dushani Dye, the City's new Chief Financial Officer.

Discussion

  1. Passage of the following 2020 bond refunding Resolutions:

    1. Relating to and providing for the issuance and sale of general obligation refunding bonds of the City of Minneapolis in the amount of $22,085,000.
    2. Authorizing the sale and issuance of taxable general obligation convention center refunding bonds in the principal amount of $26,000,000 and providing the forms, terms, findings, covenants, and directions relating to the issuance of such obligations.
    3. Authorizing the sale and issuance of general obligation parking assessment refunding bonds in the principal amount of $13,805,000 and providing the forms, terms, findings, covenants, and directions relating to the issuance of such obligations.

    Passage of Resolution approving the BET 2021 Preliminary Budget and recommended Tax Levy. 

    Directions to Staff:

    Directing BET and City staff to develop and provide the Board with an on-going monthly report on intra-year monthly historic and forecasted sales tax, parking, water, and sewer revenues, the expenditures of City functions/services funded by these revenues, the associated excess (shortfall) of revenues over expenditures, and a five-year forecast of annual numbers for these items.

Announcements

  1. Agenda items for the next regular meeting.

Adjournment


Next Board of Estimate and Taxation meeting : Sep 9, 2020

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