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From YouTube: April 16, 2019 Ways & Means Committee
Description
Minneapolis Ways & Means Committee Meeting
A
I
will
call
this
regular,
scheduled
meeting
of
the
Ways
and
Means
Committee
to
order
on
the
chair
of
the
committee.
My
name
is
Abdullah
Sami
and
with
me
today
are
councilmembers
Johnson,
Fletcher
and
Thomas
Paul
Massaro
and
we
are
a
quorum
of
the
committee
and
can
therefore
conduct
our
business
today.
Today
on
the
consent
agenda,
we
have
30
items
for
consideration
along
with
one
working
item
and
the
consent
items
as
follows.
A
We
have
item
the
one
is
a
legal
settlement,
lauren
underwood
versus
city
of
minneapolis
item
number:
two
is
a
legal
settlement
of
my
more
right.
Jane
Jennings
versus
city
of
Minneapolis
item
number:
three
is
a
contract
amendment
with
coastal
realty
information
Inc
for
access
to
real
estate
information
database
item
number:
four:
is
a
contract
amendment
with
Minneapolis
downtown
Council
for
downtown
activation
services.
Item
number:
five
is
a
bid
for
the
Minneapolis
Convention
Center
command
center
relocation
project.
A
Item
number:
six
is
a
bid
for
Minneapolis
Convention
Center
Plaza
renovation
project.
Our
number
seven
is
a
bid
for
the
public
service
building
project.
Carpentry
caseworker
miscellaneous
item
number.
Eight
is
a
bid
for
the
public
services
building
this
project
tile
and
stone
item
number
nine
is
a
bid
for
the
public
service
building
project
masonry.
Item
number:
ten
is
a
bid
for
the
public
service
building
project
drywall
and
fire
proofing.
Item
number:
eleven
is
a
contract
amendment
with
cost
planning
and
management
international
Inc
for
owners
project
representatives,
services
for
the
public
service
building
project.
A
Item
number
twelve
is
a
grant
from
the
Minnesota
Department
of
Health
for
staffing
for
staff
training.
Item
number
13
is
an
application
for
environmental
grant.
Funding
in
the
spring
2019
brownfield
ground
round.
Item
number
14
is
a
contract
amendment
with
eligible
providers
for
employment
and
trading
services.
Item
number
15
is
a
contract
with
SELCO
partnerships.
A
verizon
wireless
for
safety
cameras
and
item
number
16
is
a
contract
with
vertebra
to
implement
SaaS
solutions
for
financial
management.
Iron
number
17
is
a
contract
amendment.
What
I
reach
here
consulting
group,
adult
Ltd
for
additional
development
services.
A
Iron
number
18
is
a
contract
amendment
with
swift
reach,
Networks
Inc,
to
provide
a
hosted
solution
for
rapid
notification
systems.
I
remember:
19
is
a
contract
amendment
with
Granicus
LLC
for
subscription-based
document
hosting
services.
Item
number
20
is
Lake
Street
housing
phase,
1
tax
increment
financing
plan
for
410
West
Lake
Street
item
number
21
is
a
grant
application
to
the
Metropolitan
Council
livable
communities
demonstration
account
pre
development
program
for
the
upper
harbour
terminal
site
project.
A
A
Project
item
number
30
is
a
temporary
construction,
easement
and
permanent
water
main
easement
agreement
with
Minneapolis
Park
and
Recreation
Board,
and
the
water
on
the
walkin
item
is
gift
acceptance
from
cities
today
for
lodging
and
food
related
expenses
for
the
2020
city's
urban
mobility
meeting
and
I
move
approval
of
all
consent
agenda
and
the
walk
in
either
any
discussions
with
my
colleagues
any
of
those
items
and
I've
been
joined,
been
joined
by
council
vice
president
Jenkins
and
go
ahead.
Thank.
B
You,
chair,
Asami
and
I
just
wanted
to
speak
to
item
number
14.
The
time-track
amendments
with
eligible
providers
for
employment
and
training
services,
and
it
just
seems
like
this-
is
an
opportunity
for
us
as
a
city
to
talk
to
employment
and
training
providers
about
how
do
we
ensure
that
we
are
preparing
communities
of
color
women
for
low-income
communities,
for
positions
that
are.
B
A
Wonderful.
Thank
you
for
the
comment.
Any
other
questions.
I
would
like
to
make
an
update
on
the
consent
items.
I
would
like
to
pull
item
number
10
from
our
agenda
and
there
needs
to
be
some
work
on
that
item
and
so
we're
gonna
pull
that
item
so
again.
I
move
approval
of
all
items,
all
30
items
except
for
item
number
10,
and
the
walk
in
item
is
any
further
discussion
on
that.
Okay,
seeing
none
all
those
in
approval,
say
I
was
against
and
those
items
have
been
approved.
A
Start
with
item
number
31,
which
is
a
request
for
proposal
for
banking
services,
authorizing
issuance
of
a
request
for
Proposal
RFP
for
banking
services
for
three
years,
with
the
option
of
a
two
one-year
extension
and
I
have
some.
You
know
some
of
our
staff.
Here
we
have
mr.
Larry
Parker
as
well
as
mr.
Makarov
at
the
back
Reserve,
so
go
ahead.
Miss
Apopka.
C
Mr.
chair
members
of
the
committee,
I
am
Larry
Parker
and
I
am
the
cash
manager
and
the
finance
and
property
services
department
and
as
the
cash
manager.
One
of
my
responsibilities
is
to
oversee
the
daily
banking
operations
for
the
city,
about
every
five
years
of
the
city
issues
an
RFP
for
banking
services
and
I'm.
Here
today
to
ask
for
your
approval
to
issue
that
RFP.
C
There
are
going
to
be
about
five
banking
services
that
are
in
the
RFP.
The
first
banking
service
is
for
depository
services.
This
includes
the
establishment
of
bank
accounts
for
depositing
of
city
revenues
and
distributing
city
expenditures.
You
can
think
of
it
as
the
city's
checking
account.
The
cash
balance
is
kept
in
this
account
as
low,
and
it's
just
enough
to
cover
our
expenditures.
The
second
making
services
is
for
lockbox.
C
This
is
a
essentially
a
p.o
box
where
city
payments
are
sent
to
be
processed
by
the
bank
and
deposit
it
directly
into
the
city
bank
account
the
same
day
and
a
payment
file
is
then
returned
to
the
city
to
be
downloaded
into
the
appropriate
business
application.
Lockbox
payments,
our
process
from
several
different
departments
in
the
city,
utilities
permits
licenses
and
fees
and
City
receivables
are
some
of
those.
The
third
banking
services
is
prepaid
card.
It's
also
referred
to
as
a
pay
card
or
a
stored
value
card.
C
This
service
provides
city,
employees,
summer,
youth,
election
judges
and
independent
contractors,
with
an
alternative
payment
method,
option
in
to
the
usual
check
or
direct
deposit.
The
fourth
banking
service
is
merchant
card
services,
which
enables
our
various
departments
and
locations
to
accept
credit
cards.
The
final
banking
service
is
custodial
services.
This
is
where
the
safekeeping
administration
of
our
investment
securities,
the
proposers
for
these
services,
may
include
banks,
non
banks
and
other
financial
institutions.
So
it's
not
necessarily
just
banks.
C
C
Proposals
will
be
able
to
respond
to
the
banking
services
that
best
fit
their
capacity
as
a
financial
institution,
although
there
will
surely
be
large
banks
that
will
respond
to
all
the
services.
Smaller
banks
and
non-banks
will
have
the
opportunity
to
choose
which
services
they
desire
to
are
comfortable
proposing
for
during
the
evaluation
process.
C
C
Final
recommendations
will
may
be
made
to
the
council
by
an
evaluation
committee
comprised
of
the
CFO,
the
deputy
CFO,
the
controller's
office
coordinators
office,
mayor's
staff
and
ways
and
means
chair
staff
and
vice-chair
staff.
So
it's
very,
very
diverse.
The
evaluation
process
will
center
around
four
major
criteria,
including
responsible
banking,
the
scope
of
services,
the
cost
of
services
and
financial
capacity
that
proposes.
C
What
is
our
timeline
for
this
RFP?
The
RFP
is
expected
to
be
published
in
early
May.
We
expect
to
get
the
proposals
back
later
in
June
during
the
month
of
July,
we'll
be
going
through
the
evaluation
process
and
hope
to
have
recommendations
to
the
council
in
August
or
early
September
in
the
fall.
The
contracts
which
can
take
some
time
will
be
negotiated
and
executed,
and
implementation
will
begin
with
the
new
banking
relationships
in
place
by
next
March.
D
Thank
You
Terra
Sami,
and
thank
you
for
this
presentation.
I
really
appreciate
it
and
I
know.
This
is
something
that
is
the
result
of
previous
council
discussions.
So
it's
great
to
see
this
actually
coming
to
fruition
and
I
wanted
to
make
sure
to
lift
up
that.
We
have
unbundled
these
things.
So
hopefully
we
do
have
a
broader
array
of
banks
that
have
the
ability
to
participate
in
some
of
the
city's
business
and
I.
D
Think
we
benefit
from
that
diversity
of
at
least
potential
vendors
and
I
also
think
that
there's
a
real
value
in
just
reaffirming
that
responsible
banking
is
a
part
of
the
rubric
that
we're
going
to
be
using
that
that
it
matters
how
banks
are
behaving
in
our
community
and
and
the
a
bank.
That's
engaging
in
a
lot
of
really
predatory
and
harmful
activity
over
here
is
not
gonna.
D
Look
as
good
in
an
application
to
the
city,
even
if
they,
you
know,
offer
us
a
great
rate
and
so
I
think
it's
important
for
everybody
to
understand
that
we're
weighing
those
values
and
and
that
we're
trying
to
create
opportunities
for
banks
to
participate.
Who,
who
aren't
like
the
big
five
in
the
country,
who
could
do
the
full
scope
of
the
big
city's
business
so
really
appreciate
the
work?
I
know
it's
not
the
easiest
path.
I
know
it
is
extra
work
for
your
department
to
break
these
things
up
and
manage
the
administration
of
that.
A
Such
a
question
all
right,
thank
you.
Thank
you.
Mr.
Parker
am
I
seeing
you
no
further
discussion
appreciate
all
the
hard
work
that
our
staff
has
done
on
this
project
and
I'll
move
approval
of
this
item.
All
those
in
favor
say
aye
I
was
against.
That
item
has
approved.
So
we
move
on
to
our
last
item
today,
which
is
item
number
32,
which
is
a
two
thousand,
which
is
a
2018
fourth-quarter
financial
report
and
I.
Think
mr.
Lyle
Hodges
is
going
to
give
that
presentation.
Go
ahead.
Rogers.
E
Mr.
chair
members
of
the
committee,
as
introduced,
I'm
Lyle
Hodges,
the
controller
for
the
city
here
to
present
the
financial
status
report,
as
of
the
fourth
quarter
of
2018,
did
just
want
to
take
a
second
to
recognize
the
staff
in
the
controller's
division
for
preparing
the
report
that
I'm
going
to
present
it's
a
busy
time
of
year
for
us
all,
so
I
appreciate
their
efforts
just
a
brief
overview.
The
financial
picture
of
the
city
as
a
whole
continues
to
remain
healthy
and
stable.
E
We've
got
an
overall
cash
and
investments
position
at
December,
31
2018
of
eight
hundred
and
seventy
nine
point
six
million.
This
was
just
a
slight
increase
of
two
point:
three
million
from
where
we
were
at
the
end
of
2017,
and
we
will
continue
to
meet
our
fund
balance
and
that
position
and
reserve
requirements
in
our
major
funds.
Once
again,
2018.
E
Diving
in
specifically
on
the
general
fund,
the
fund
balance
finished
the
year
at
one
hundred
four
point:
two
million.
This
was
a
twelve
point:
nine
million
decrease
compared
to
where
we
were
at
the
end
of
2017.
However,
that
decrease
was
less
than
we
had
budgeted,
which
was
seventeen
point
three
million.
The
general
fund
has
a
minimum
fund
balance
requirement
of
seventeen
percent
of
the
next
year's
budget.
So
that
equates
to
eighty
one
point:
one
nine
for
year-end
2018,
as
you
can
see
that
we're
exceeding
that
and
we're
actually
at
22%
of
the
2019
budget.
E
With
that
healthy
financial
position,
we
are
able
to
rollover
approximately
seven
and
a
half
million,
or
so
in
appropriation
that
was
unspent
at
the
end
of
the
year.
So
you'll
see
that
in
a
future
committee
agenda
in
the
general
fund,
specifically
the
cash
balance
end
of
the
year
at
one
hundred
and
twenty
1.3
million.
This
was
a
ten
point.
Five
million
dollar
decrease
again
reflective
of
the
fact
that
we,
you
know,
spent
more
than
we
brought
in.
E
Going
a
little
bit
deeper
into
specifically
the
revenue
side
and
the
general
fund.
This
slide
shows
some
historical
references
as
it
relates
to
major
revenue
categories,
a
lot
of
numbers
on
the
slide
and
the
graph,
but
basically
the
takeaway
is
that
over
time
our
categories
of
revenue
remain
consistent
and
we're
bringing
in
the
amounts
that
we
bring
in
vary
from
year
to
year,
but
the
actual
makeup
is
pretty
consistent.
Obviously
the
big
exception
for
2018
is
the
fact
that
we
no
longer
deposit
our
local
tax
revenue
in
the
general
fund.
E
That's
going
to
the
new
downtown
assets,
fun
group,
so
that's
kind
of
a
significant
change
there
and
then
how
does
revenue
compared
to
budget
yeah?
You
can
see
here.
Typically
in
the
past
three
years
we've
collected
about
a
hundred
and
three
percent
of
the
budget,
so
we
over
clicked
on
revenue
this
year
were
actually
a
little
bit
higher
at
a
103
point,
six
percent.
So
again,
a
healthy
and
stable
collection
of
revenue
and
the
general
fund
for
2018.
E
And
then,
on
the
other
side,
we've
got
the
expenditures
here
again
the
historical
reference
points
to
the
fact
that
we've
got
a
consistent,
make
up
of
expenditures
in
the
general
fund
and
that
continues
through
2018.
Again.
The
impact
of
the
local
taxes
on
the
expenditure
side
is
that
we
no
longer
transfer
as
much
out
to
the
special
revenue
funds,
because
the
money
is
going
there
in
the
first
place.
So.
E
And
then
the
foul
slide
on
the
general
fund
operations
relates
again
to
expenditures
as
as
a
percent
of
budget,
and
here
again
we
can
see
that
historically
we
we
spend
about
97
percent
of
our
budget
in
2018.
We
spent
about
98
percent.
So
again
that
allowed
us
to
keep
our
fund
balance
above
target
and
maintain
a
healthy
and
stable
financial
position.
E
The
next
few
slides
kind
of
group
all
the
remaining
funds
into
categories,
so
the
first
category
of
funds
is
the
special
revenue
funds.
We
don't
look
at
all
of
them,
but
I
have
listed
some
of
the
significant
ones
that
we're
looking
at
here.
This
is
a
convention
center,
Target,
Center,
MPD,
NCR
and
rag
services,
the
grant
funds
and
see
ped.
So
at
the
end
of
2018,
they
had
a
combined
fund
balance
of
332
million.
E
The
next
slide
is
internal
service
funds.
These
are
funds
that
provide
services
to
other
funds
within
the
city,
so
we've
got
six
of
them
in
the
city
and
they're
listed
out
there
in
detail
at
the
end
of
the
year
2018.
We
have
one
hundred
ninety
five
point:
two
million
dollar
net
position
here
again.
Another
increase
fourteen
point,
six
million
over
where
we
were
at
the
end
of
2017,
and
our
cash
position
is
also
an
increase.
We're
at
a
hundred
sixty
five
point:
two
million
in
our
internal
service
funds.
E
And
the
final
slide
here
just
an
overview
of
the
enterprise
funds,
so
these
are
the
funds
that
we
use
to
account
for
business
type
activities
of
the
city
where
we
sell
goods
and
services
to
outside
parties.
These
are
the
utility
operations
fund,
sancho
sewer,
storm
water,
water,
solid
waste
and
recycling
parking
and
then
some
sea
pet
activity.
E
Here
we've
got
a
total
net
position
at
the
end
of
the
year
of
996
million,
so
that
was
a
10
point.
1
million
dollar
increase
from
the
end
of
2017
and
the
cash
in
the
enterprise
funds
at
the
end
of
2018
was
one
hundred
and
twenty
three
point,
eight
million,
which
was
actually
a
slight
decrease
from
where
we
were
in
2017.