ORDNC-2024-2 : Reauthorization of the City of Melrose Revolving Fund Table for Fiscal 2025.

Transcript (~2 min @ 26:00)

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▶ 25:55 Maya Jamaleddine: Thank you. Um, next we have Ordinance 2024 dash two, and, uh, that's a reauthorization of the city of Merose revolving fund table for fiscal 2025. And it is for B, B, C. Thank You. Um, anything that you wishes to add on this item?

▶ 26:15 Speaker 5: Um, just that we are gonna be looking at some of our, uh, higher priced items that we need to take care of this year. One of them being the leak that's happening and trying to identify exactly what the source is and addressing that and doing some of the interior painting work. Uh, some of that is because of that leak and know there's just older areas that we haven't been into to repaint in quite some time. About five years ago, we did do a large interior repainting, uh, piece to attack some of the rooms on the first floor, but we really haven't done the second floor or the office spaces very much. The other thing we're gonna be doing is meeting with the tenants and looking at their windows and ventilation issues. 'cause it's come to our attention that some of the windows aren't operating properly. We need some attention. And so those are things that we're, uh, identifying as potential expenses through our revolving fund this coming year.

▶ 27:11 Maya Jamaleddine: Great. Thank you. Any question from my colleagues? Councilor gpe? Yeah, I,

▶ 27:17 Mark Garipay: I'll make a quick, do you, do you, uh, think you have enough money in the revolving account to handle, uh, these repairs? And do you have to carry a minimum in the revolving account? Is, uh, I'm not sure if we have to carry a minimum balance in, in that revolving account.

▶ 27:31 Speaker 5: Do you know, do you happen to know that? Um, I'm not quite sure Okay. About the minimum, but I do, I'm confident that we have enough to take care of these repairs. Okay.

▶ 27:41 Maya Jamaleddine: Great. Thank you. Thank you. Any other question?

▶ 27:45 Maya Jamaleddine: What is the will of the committee

▶ 27:47 Speaker 5: Make a motion to recommend? Um, recommend. Second,

▶ 27:51 Maya Jamaleddine: We have a motion to recommend made by, uh, counselor, um, Gar pe seconded by Councillor Vandiver. On discussion. Seeing none, Mr. Clerk,

▶ 28:03 Speaker 5: Vice Chair Williams? Yes. Councillor Repe. Yes. Councillor Stewart? Yes. Councillor Bruski. Yes. Councillor Hamilton? Yes. Councillor Vandiver. Yes. Councillor Romanul? Yes. Councillor Na Carro? Yes. President Mi Yes. And Chair Jamal Dean? Yes. Motion passes unanimously.

▶ 28:18 Maya Jamaleddine: Thank you. Thank you for being with us tonight.

▶ 28:22 Speaker 5: Thank you. Thank You. Um,