City of Red Bud Finance Committee met Sept. 19.
Here are the minutes provided by the committee:
Committee Members Present: Rodney Nevois, Ben Schwartzkopf, Alan Piel, Bill Hanebutt, Mike Rheinecker
Committee Members Absent:
Council Members Present: Curt Guebert, Jeremy DeMond, Kyle Donjon
Others Present: Acting Mayor Susan Harbaugh, , Code Administrator Jeff Mueller, Police Chief John Brittingham, Admin. Assist. Pam Poetker, Attorney Paul Ray,
City Superintendent Josh Eckart
Others Absent: City Clerk Joanne Cowell
Pledge of Allegiance
Acting Mayor Harbaugh called the meeting to order at 6:00 P.M.
Old Business
I. RBI Property Tax Abatement – Waiting for 75% Project Completeness
Will be addressed at the October Committee Meeting
II. Rusty Guebert Farm Lease Review
A letter was sent to him with a $150 per acre rent amount. Mr. Guebert has agreed to the increase.
Recommendation made by Committee Member Nevois, seconded by Committee Member Hanebutt to draft a new lease with Rusty Gubert. Motion carried.
New Business
I. Approval of Prior Month’s Meeting Minutes – August 15, 2022
Recommendation made by Committee Member Nevois, seconded by Committee Member Rheinecker, to approve the minutes from the August 15, 2022, meeting. Motion Carried.
II. Maturing CDs and Investment Information
Committee members reviewed the CD rates provided by the lending institutions in town. The City will reach out to AG Edwards about their rates and provide an updated sheet for the October City Council meeting.
III. Financial Dashboard
Included in the packet. There were no questions.
IV. Public Comments/Anything for the Good of the City
Meeting was adjourned at 6:09 P.M.
https://www.cityofredbud.org/uploads/3/8/4/1/38410823/finance_091922.pdf
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