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The Eastern Echo Thursday, Nov. 21, 2024 | Print Archive
The Eastern Echo

Ypsilanti City Council

City of Ypsilanti discusses finances in latest city council meeting

On May 4, financial presentations were given during the City of Ypsilanti's presentation section of their regular council meeting.

The City of Ypsilanti’s officials met on May 4 via Zoom for their regular City Council meeting. They met to discuss the City of Ypsilanti’s finances, resolutions, and more.

The full meeting agenda can be found on the City of Ypsilanti’s website.

Presentations

The presentations section included a proclamation in Honor of Michigan Ladder by Ypsilanti Mayor Lois Richardson. The proclamation honors the Michigan Ladder Company for 120 years of business and its impact on the city of Ypsilanti.

“We thank you to the Harrison family…” Richardson said. Tom Harrison, the CEO of Michigan Ladder Company, was in attendance. “We’ve always been proud to be a part of the Ypsilanti Community. It was an important part of our history and our company,” Harrison said.

The next presentation of the night was given by Kylar J. Chandler, Fay J. Alshimmary, Karalyn M. Anderton titled “The City of Ypsilanti’s Financial Health”. “...Us together with 16 other graduate students created a financial analysis for the City of Ypsilanti. The report has four sections: operations, public investments, taxes, legacy costs. The report is supposed to outline the strengths and weaknesses of the city from a financial perspective and potentially guide your decision-making process moving forward,” Chandler said. 

City Council also discussed and went over the City of Ypsilanti’s five-year financial projection, presented by John Kaczor, and the Management Proposed Budget for Amended Budget FY 20-21 & FY 21-22, presented by City Manager Frances McMullan & Finance Director/Treasurer Rheagan Basabica.

Resolutions, Motions, Discussions

Resolutions numbers 2021-092, 2021-093, 2021-095, 2021-096, 2021-097 were discussed during the final portion of the meeting. Resolution 2021-094 is being removed from the May 4 agenda and will be discussed during the May 18 agenda.

Per the agenda,

  • Resolution No. 2021-092, approving a letter of intent with Strategic Alliance for installation of broadband infrastructure

  • Resolution No. 2021-093, adopting the Master Plan

  • Resolution No. 2021-095, urging the U.S. Congress to pass H.R. 842 to greatly increase economic opportunity in the United States

  • Resolution No. 2021-096, authorizing the submission of a Michigan Department of Natural Resources Trust Fund Application and make available a local match through financial commitment and donation for Frog Island

  • Resolution No. 2021-097, supporting the National John Lewis Voting Rights Advancement Action Day and commit to the continued support of Voting Rights for all people”

Only one discussion was planned for the meeting in regards to the Capital Improvements Plan FY 2021-2022. Project Manager of Public Services, Bonnie Wessler, presented this during the meeting.

Video recording of the meetings can be found on the City of Ypsilanti's YouTube page. Further information and future meeting dates are listed on the City of Ypsilanti’s website.