Finance Committee

Mayor John T. Chambers, Jr. City Council Chambers

Agenda — 18 items

1. 1 Call To Order
2. 2 Roll Call ▶ jump to 0:08
3. 3 Approval of Agenda (any changes to the agenda should be made here) approve Pass ▶ jump to 1:18
4. 4 Business and Miscellaneous
5. 5 Approval of Minutes ▶ jump to 1:34
6. 6 Regular Meeting Minutes FC 7.16.25 approve Pass ▶ jump to 1:35
7. 7 Supplemental Appropriations ▶ jump to 1:49
8. 8 Grant – APD – Maryland’s Governor's Office of Crime & Policy SA-3-26 recommend favorably Pass ▶ jump to 2:04
9. 9 Capital – Department of Transportation – Capital Reserve SA-4-26 recommend favorably Pass ▶ jump to 5:05
10. 10 Grant – Fire – DSCI: Maryland Department of Service & Civic Innovation SA-5-26 recommend favorably Pass ▶ jump to 16:49
11. 11 General – City Council – Reserve for One Time Uses SA-6-26 recommend favorably Pass ▶ jump to 24:07
12. 12 Legislation ▶ jump to 29:38
13. 13 Prioritizing Affordable Spending Through Expansion of Financial Advisory Commission Duties For the purpose of listing the duties of the Financial Advisory Commission; adding "spending affordability" to review the City's finances so that spending levels align with the City's income, and reviewing projected revenue, debt levels, and long-term fiscal outlook; and generally related to the Financial Advisory Commission. O-12-25 no action taken Pass ▶ jump to 29:38
14. Issuance of General Obligation Bonds and Bond Anticipation Notes For the purpose of authorizing and empowering the City of Annapolis (the “City”) to issue and sell, upon its full faith and credit, (i) one or more series of its general obligation bonds in the aggregate principal amount not to exceed $73,561,499 (the “Bonds”), pursuant to Sections 19-301 through 19-309, inclusive, of the Local Government Article of the Annotated Code of Maryland, as amended, and Article VII, Section 11 of the Charter of the City of Annapolis, as amended (the “Charter”), (ii) one or more series of its general obligation bond anticipation notes in anticipation of the issuance of the Bonds in the maximum aggregate principal amount equal to the maximum aggregate principal amount of the Bonds (the “Notes”), pursuant to Sections 19-211 through 19-221, inclusive, of the Local Government Article of the Annotated Code of Maryland, as amended, and the Charter and (iii) one or more series of its general obligation bonds to refund specified bonds previously issued by the City in the aggregate principal amount not to exceed 120% of the principal amount of bonds to be refunded (the “Refunding Bonds”), pursuant to Section 19-207 and Sections 19-301 through 19-309, inclusive, of the Local Government Article of the Annotated Code of Maryland, as amended, and the Charter; providing that the Bonds, Notes and Refunding Bonds shall be issued and sold for the public purpose of financing and refinancing certain capital projects of the City as provided in this Ordinance; prescribing the form and tenor of the Bonds, Notes and Refunding Bonds; providing for the method of sale of the Bonds, Notes and Refunding Bonds and other matters relating to the issuance and sale thereof; providing for the disbursement of the proceeds of the Bonds, Notes and Refunding Bonds; covenanting to levy and collect all taxes necessary to provide for the payment of the principal of and interest on the Bonds, Notes and Refunding Bonds; and generally providing for and determining various matters relating to the issuance, sale and delivery of the Bonds, Notes and Refunding Bonds. O-31-25 recommend favorably Pass ▶ jump to 29:50
15. 15 General Discussion
16. 16 Finance Department Update ID-18-25 ▶ jump to 80:55
17. 17 Adjournment ▶ jump to 85:15
18. 18 Anyone needing reasonable accommodation to be able to participate in a public meeting held by the City of Annapolis should contact Kalyn Jackson at 410.263.7030, by MD Relay (711), or by email at kajackson@annapolis.gov at least five days prior to the meeting date to request assistance. We encourage citizens to attend and participate in City Council Meetings. If you are unable to attend, the meetings can be viewed live on Channel 99/100 for all Comcast subscribers and on Channel 34 for Verizon customers. The meeting can also be viewed on computer and mobile devices by going to http://bit.ly/1gCd4pL, and on Facebook by selecting: http://www.facebook.com/CityofAnnapolis and on Youtube by selecting: http://www.youtube.com/CityofAnnapolis during the meetings. If you miss the live meeting, recordings are available for viewing on http://www.facebook.com/CityofAnnapolis and http://www.youtube.com/CityofAnnapolis.