City of Joliet Finance Committee met July 15

Larry E Hug - City Council Member - District 1 | City of Joliet

By Philip Gonzales

Aug 18, 2025

City of Joliet Finance Committee met July 15.

Here are the minutes provided by the committee:

ROLL CALL:

Present Councilman Pat Mudron and Councilwoman Sherri Reardon

Absent Councilman Larry E. Hug

ALSO PRESENT: Kevin Sing - Director of Finance, Kathy Franson - Director of Human Resource, Armando De Avila - Risk Management and Anthony Miceli of Speer Financial

APPROVAL OF MINUTES:

A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Pat Mudron, to approve the Minutes for June 17, 2025.

The motion carried by the following vote:

Aye: Councilman Mudron and Councilwoman Reardon

Absent: Councilman Hug

CITIZENS TO BE HEARD ON AGENDA ITEMS:

None.

AGENDA ITEMS:

Ordinance Approving an Amendment of the WIFIA Master Agreement and One or More WIFIA Project Loan Agreements with the United States Environmental Protection Agency and One or More Supplemental Indentures and Authorizing the Issuance of Waterworks and Sewerage Senior Lien Revenue Bonds of the City of Joliet, Illinois.

Kevin Sing - Director of Finance presented TMP-8588 on the Ordinance Approving an Amendment of the WIFIA Master Agreement and One or More WIFIA Project Loan Agreements with the United States Environmental Protection Agency and One or More Supplemental Indentures and Authorizing the Issuance of Waterworks and Sewerage Senior Lien Revenue Bonds of the City of Joliet, Illinois. No further discussion was held.

A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Pat Mudron, to recommend TMP-8588, the Ordinance Approving an Amendment of the WIFIA Master Agreement and One or More WIFIA Project Loan Agreements with the United States Environmental Protection Agency and One or More Supplemental Indentures and Authorizing the Issuance of Waterworks and Sewerage Senior Lien Revenue Bonds of the City of Joliet, Illinois for approval by the full Council.

The motion carried by the following vote:

Aye: Councilman Mudron and Councilwoman Reardon

Absent: Councilman Hug

REPORTS:

Mr. Sing gave an overview of TMP-8790 regarding the Monthly Financial Report, Invoice Exceptions and the Quarterly Report for the Railto Square Theatre. A brief discussion was held.

Armando De Avila - Risk Management, gave an overview of TMP-8792 for the Personnel Summary Report regarding employment positions currently open within the City of Joliet and the Local 440 Union. A brief discussion was held.

A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Pat Mudron, to approve TMP-8790 and TMP-8792 for the Monthly Financial Report and Personnel Summary Report.

The motion carried by the following vote:

Aye: Councilman Mudron and Councilwoman Reardon

Absent: Councilman Hug

NEW OR OLD BUSINESS, NOT FOR FINAL ACTION OR RECOMMENDATION:

None.

PUBLIC COMMENTS:

None.

ADJOURNMENT:

A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Pat Mudron, to adjourn.

The motion carried by the following vote:

Aye: Councilman Mudron and Councilwoman Reardon

Absent: Councilman Hug