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HomeMy WebLinkAbout2017-03-07 Finance MinutesFINANCE COMMITTEE • . f 1 • City Council Finance Committee Meeting Minutes March 7, 2017- 5:30 p.m. - Hazelnut Conference Room, City Hall Councilmembers: Verna Seal, Chair; Kathy Hougardy, Thomas McLeod Staff: David Cline, Peggy McCarthy, Mia Navarro, Jay Wittwer, Laurel Humphrey CALL TO ORDER: Chair Seal called the meeting to order at 5:30 p.m. I. PRESENTATIONS II. BUSINESSAGENDA A. Contract Amendment: Pacifica Law Group Staff is seeking Council approval of a contract amendment with Pacifica Law Group for bond counsel services in an amount not to exceed $138,000, for a term ending December 31, 2020. This amendment will increase the contract amount and extend the term to cover all planned debt issuances until December 31, 2020. UNANIMOUS APPROVAL. FORWARD TO MARCH 20, 2017 REGULAR CONSENT AGENDA. B. Job Shadow and Internship Program Staff updated the Committee on the status and activities of a new high school internship and job shadow program hosted by the Communications Division. Each department will be asked to provide at least one job shadow or one internship opportunity per year, with goals of exposing students to City employment opportunities as well as having the City's workforce better represent the community. Performance measures will include surveys and participation statistics, and the program can be modified over time to reflect necessary changes. The Committee asked staff to look for ways to prioritize local students, as the program cannot explicitly service Tukwila only. INFORMATION ONLY. III. MISCELLANEOUS Staff updated the Committee on the status of the applications for the Public Safety Bond Financial Oversight Committee, which will be formally reviewed in Committee on March 21. The Committee requested to extend the application period through March 13, 2017. Chair Seal mentioned that the Committee will be continuing work on the City compensation policy, and would like the next discussion to include a briefing on how the policy has been working from the personnel perspective. Add rued at 6:10 p.m. ...._._... Committee Chair Approval Minutes by LH