Town Council 11-16-2021 - Laserfiche WebLink

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November 16, 2021 The Mooresville Town Council met in regular session on Tuesday, November 16 at 6:30 P. K at the Mooresville Government Center. Council members present were Council President Tom Warthen, Councilman Dustin Stanley, Councilman Shane Williams, Councilman Jeff Cook, and Greg Swinney. Town attorney Cho-il Lee was present. Council President Warthen gave the prayer. Councilman Stanley made a motion to approve the minutes of the November 2, 2021 meeting and seconded by Councilman Swinney. Motion Carried 5-0 Unfinished Business— Councilman Stanley reintroduced the debt reduction plan outlined by Council President Warthen. Councilman Williams would like the plan rolled into the Capital Improvement Plan discussion with the advice of Baker Tilly. It was determined to revisit this item after discussing the Capital Improvement Plan. Capital Improvement-PIan- —Paigq Sansome from Baker Tilly presented a scope of services to develop a capital improvement plan which includes meeting with department heads to establish a//Capital plan for the next 5-10 years. The plan would involve looking at funding options, inioluding_grants, debt consolidation, and other funding sources for projects. Councilman Williams believes this is an essential piece of the financial picture for the Town. Councilman Swinney asked about the size of most towns that develop a Capital Improvement Plan. While Paige did confirm most municipalities they work with are larger than the Town of Mooresville, it is good for a municipality of any size. Councilman Stanley inquired about the cost of the process to get the Capital Improvement Plan completed. The $15,000 price proposed is a not -to -exceed, and the cost can be lower depending on the preparedness of the department heads for the project. Councilman Warthen asked about handling the project for the plan in-house, which Paige agreed is feasible. Council President Warthen expressed concern about the potential for failure if an unexpected project arose and could not be funded due to the monies set aside for future projects. Councilman Williams disagreed with Council President Warthen as he believes the plan would prevent unexpected projects from coming up. He is not confident that most members of the Council understand the finances of the Town and would like to be reassured that the financial advisors are closely looking at the finances. Councilman Williams motioned to approve the additional scope of work from Baker Tilly for the Capital Improvement Plan to be funded out of the Legal fees. Councilman Cook\seconded. Motion Carried 4-1. Councilman Warthen opposed. Budget Policy Discussion town - AAS orney Lee presented a proposed policy regarding the budgeting process. Councilman Cook believes the workshops are a good idea and would allow the public to hear what is being done with the budgets. Councilman Williams agreed with Councilman Cook, reiterating that Councilman Cook listed reasons are why he proposed the idea.