Finance Committee Agenda

For
February 9, 2015
@ 5:00 PM
Warwick City Hall
3275 Post Road
Warwick, RI 02886
Amended 1-29-2015

Chair Person: Councilwoman Vella-Wilkinson

Member:
Councilman Gallucci
Member:
Councilman Colantuono

Time Started:
Time Ended:

1. PCR-23-15 Resolution Relative to Bids

(Councilwoman Vella-Wilkinson)
Committee Report: (Finance):
Action:
Moved by:
Seconded by:
Vote:

2. PCO-5-14 Ordinance regarding interest charges on taxes

(Councilman Ladouceur)
FIRST PASSAGE
Committee Report: (Finance):
Action:
Moved by:
Seconded by:
Vote:

3. PCR-19-15 Tax Moratorium on New Construction (Councilman Ladouceur)

Committee Report: Finance
Action:
Moved by:
Seconded by:
Vote:

4. PCR-22-15 Bond Refunding (Councilwoman Vella-Wilkinson)

Committee Report: Finance
Action:
Moved by:
Seconded by:
Vote:

Ordinance Committee Agenda

For
February 9, 2015
@ 6:00 PM
Warwick City Hall
3275 Post Road
Warwick, RI 02886

Chair Person: Councilman Gallucci

Member:
Councilman Colantuono
Member:
Councilman Ladouceur

Time Started:
Time Ended:

1.

PCO-28-14 Food Truck Permitting and Operation in the City of

Warwick (Councilwoman Vella-Wilkinson)
Committee Report: (Ordinance)
FIRST PASSAGE
Not Drafted

Public Safety Committee Agenda

February 9, 2015
@ 6:10 PM
Warwick City Hall
3275 Post Road
Warwick, RI 02886

Chair Person: Councilman Gallucci

Member:
Councilwoman Usler
Member:
Councilman Colantuono

Time Started:
Time Ended:

RECONSIDERATIONS

1. PCR-17-15 Claim MAPRE Insurance a/s/o Bonnie Zavalia

(Councilman Gallucci)
Committee Report: (Public Safety):
Action to reconsider:
Moved by:
Seconded by:
Vote:
Action:
Moved by:
Seconded by:
Vote:

Appointments Committee Agenda

For
February 9, 2015
@ 6:30 PM
Warwick City Hall
3275 Post Road
Warwick, RI 02886
Chair Person:
Member:
Member:

Councilwoman Usler
Councilman Ladouceur
Councilman Colantuono

Time Started:
Time Ended:
1. Appointments Requiring Confirmation

Board of Assessment of Review

1. Thomas O. Sweeney
19 Mayfair Road
Warwick, RI 02888

Expires: Jan 1, 2018

(Re-appointment)

Ward 1

Action:
Moved by:
Seconded by:
Vote:
Historic Cemeteries Commission
1. Jane Winton
102 Union Avenue
Warwick, RI 02888

Expires : Jan 1. 2016

Re-appointment

Ward 6

Action:
Moved by:
Seconded by:
Vote:
Wildlife and Conservation Commission
1. Joseph Bucci
693 Commonwealth Ave
Warwick, RI 02886
(Re-appointment)
Action:
Moved by:
Seconded by:
Vote:

Expires: Jan 1. 2018

Ward 8

Public Properties, Land Use Committee and Community Affairs

February 9, 2015
@ 6:40 PM
Warwick City Hall
3275 Post Road
Warwick, RI 02886

Chair Person: Councilman Colantuono

Member:
Councilman Chadronet
Member:
Councilman Solomon

Time Started:
Time Ended:

1. PCR-21-15 West Bay Community Action Facilities Use Agreement

Barton Farm (Councilman Gallucci, Councilman Colantuono)
Committee Report: Public Properties
Action:
Moved by:
Seconded by:
Vote:

The City of Warwick

Docket of the City Council
Regular Public Hearing Meeting
For
February 9, 2015
@
Council Chambers
Warwick City Hall
3275 Post Road
Warwick, RI 02886
@ 7:00 P.M.
Donna Travis, President

Roll Call:
Time:
Salute To The Flag:

Executive Communications
1. General Communications -

Public Comment
RULE 41.
After the General Communications and prior to the Consent
Calendar at each City Council Public Hearing meeting there shall be a fifteen
minute period during which citizens may comment about Warwick city government issues subject to the following stipulations:
a) The total period of time for public comment shall be 15 minutes. Comments need to be brief in order to allow as many citizens as possible to
participate.
b) The topics for comment shall be issues directly affecting City government.
c) City Council members will not respond to questions during the public
comment period.
d) The public comment session will terminate at the expiration of 15 minutes.
Waiver of this provision requires unanimous consent.

1. Announcement of Appointments
Planning Board
1. Chelsea Siefert
154 Julian Road
Warwick, RI 02889
(Vice- John Mulhearn (Resigned)

Personnel Hearing Board

Expires: January 2020

Ward 3

1. Robert Carberry, Jr.

113 Brentwood Ave
Warwick, RI 02886

Expires: January 2021

(Minority Appointment)

Ward 3

2. Joseph M. Almonte
170 Kirby Avenue
Warwick, RI 02889

Expires: January 2021

(Vice Scott Seaback)

Ward 5

2. Appointments Requiring Confirmation

Board of Assessment of Review

1. Thomas O. Sweeney
19 Mayfair Road
Warwick, RI 02888

Expires: Jan 1, 2018

(Re-appointment)

Ward 1

Action:
Moved by:
Seconded by:
Vote:
Historic Cemeteries Commission
1. Jane Winton
102 Union Avenue
Warwick, RI 02888

Expires : Jan 1. 2016

Re-appointment

Ward 6

Action:
Moved by:
Seconded by:
Vote:
Wildlife and Conservation Commission
1. Joseph Bucci
693 Commonwealth Ave
Warwick, RI 02886
(Re-appointment)
Action:
Moved by:
Seconded by:
Vote:

Expires: Jan 1. 2018

Ward 8

1. Consent Calendar

1. PCR-23-15 Resolution Relative to Bids

(Councilwoman Vella-Wilkinson)
Committee Report: (Finance)
Action:
Moved by:
Seconded by:
Consent calendar vote:

RECONSIDERATIONS
1. PCR-17-15 Claim MAPRE Insurance a/s/o Bonnie Zavalia
(Councilman Gallucci)
Committee Report: (Public Safety):
Action to reconsider:
Moved by:
Seconded by:
Vote:
Action:
Moved by:
Seconded by:
Vote:

UNFINISHED BUSINESS

1. PCO-5-14 Ordinance regarding interest charges on taxes

(Councilman Ladouceur)
FIRST PASSAGE
Committee Report: (Finance):
Action:
Moved by:
Seconded by:
Vote:

2. PCO-28-14 Food Truck Permitting and Operation in the City of Warwick

(Councilwoman Vella-Wilkinson)
Committee Report: (Ordinance)
FIRST PASSAGE
Not Drafted

3. PCR-19-15 Tax Moratorium on New Construction (Councilman Ladouceur)

Committee Report: Finance
Action:
Moved by:
Seconded by:
Vote:

4. PCR-21-15 West Bay Community Action Facilities Use Agreement Barton Farm (Councilman Gallucci, Councilman Colantuono)
Committee Report: Public Properties
Action:
Moved by:
Seconded by:
Vote:

NEW BUSINESS
1. PCR-22-15 Bond Refunding (Councilwoman Vella-Wilkinson)
Committee Report: Finance
Action:
Moved by:
Seconded by:
Vote:

Unanimous Consent for February 9, 2015

Motion to Adjourn:
Time:
Next:

PCO-09-15
PCR-24-15

CONSENT CALENDAR
BIDS FOR
February 9, 2015
PCR-23-15

BID:

1. 2014-242 Crime Scene and Evidence Processing Supplies

COMMITTEE REPORT (FINANCE):
ACTION:
MOVED BY:
SECONDED BY:
VOTE:

2. 2015-215 City of Warwick (District 6) Gasoline, Low Sulfur Diesel and Ultra Low Sulfur Diesel Fuel
COMMITTEE REPORT (FINANCE):
ACTION:
MOVED BY:
SECONDED BY:
VOTE:

3. 2015-223 Health Insurance Consultant (Re-Bid)

COMMITTEE REPORT (FINANCE):
ACTION:
MOVED BY:
SECONDED BY:
VOTE:

THE CITY OF WARWICK

STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS

PCO- 5 -14

CHAPTER 74
TAXATION
ARTICLE I.
No.....................................

IN GENERAL
Date.................................

Approved............................................................................Mayor
Be it ordained by the City of Warwick:
Section I. Chapter 2 Article I of the Code of Ordinances of the City of Warwick is hereby
amended to add the following:
Sec. 74-4. Calculation of interest on overdue tax payments.

Pursuant to Rhode Island General Laws 44-5-8 (b), commencing with fiscal year 2015 in the case
of failure of a taxpayer to pay the first installment or any succeeding installment by the last date of the
respective installment period, the tax collector shall require immediate payment of only that late
installment, and impose an interest charge only on that late installment.

Section II. This Ordinance shall take effect upon passage and publication as prescribed by law.

SPONSORED BY: COUNCILMAN LADOUCEUR

COMMITTEE:

FINANCE

PCR-19-15
THE CITY OF WARWICK
STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS
RESOLUTION OF THE CITY COUNCIL
NO................................. DATE......................................
APPROVED....................................................................MAYOR

RESOLUTION TO THE GENERAL ASSEMBLY SUPPORTING HOUSE BILL

2015 H 5044 REGARDING TAXATION OF DEVELOPMENT PROPERTY
Resolved that,
WHEREAS, the health, safety and welfare of the citizens of the City of Warwick are
matters of paramount importance to the City Council; and
WHEREAS, Rhode Island General Laws 44-5-12 addresses the Levy and Assessment of
Local Taxes; and
WHEREAS, House Bill 2015 H 5044 proposes to amend that law to exempt new
construction on development property, as defined in the proposed amendment, from taxation
while the property is unoccupied or on the market for sale; and
HEREAS the City Council desires to support the proposed amendment as furthering
W
the public health, safety and welfare of the citizens of the City of Warwick.
NOW THEREFORE, BE IT RESOLVED the Warwick City Council endorses passage of
House Bill 2015 H 5044.
.
The City Clerk is hereby directed to forward a copy of this Resolution to the Senators and
Representatives from the City of Warwick.
This Resolution shall take effect upon passage.

SPONSORED BY: COUNCILMAN LADOUCEUR

COMMITTEE:

INTERGOVERMENTAL

PCR-21-15
THE CITY OF WARWICK
STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS
RESOLUTION OF THE CITY COUNCIL
NO................................. DATE......................................
APPROVED....................................................................MAYOR

RESOLUTION AUTHORIZING AFACILITIES USE AGREEMENT WITH WEST BAY

COMMUNITY ACTION TO USE A PORTION OF BARTON FARM
Resolved that,
WHEREAS, the health, safety and welfare of the citizens of the City of Warwick are
matters of paramount importance to the City Council; and
WHEREAS, the City of Warwick is the owner of that certain parcel of real estate
designated as Assessors Plat 251, Lot 179, commonly known as Barton Farm; and
WHEREAS, West Bay Community Action is presently operating a farming operation for
the purpose of growing fresh produce for clients of West Bay Community Action who are low
income residents of Warwick and to stock a farmers market located at 224 Buttonwoods
Avenue; and
WHEREAS, the farming at Barton Farm was previously approved by the Warwick City
Council; and
WHEREAS, West Bay Community Action desires to enter into a revised Facilities Use
Agreement with the City of Warwick for a term of 20 years in the form attached hereto.
NOW, THEREFORE BE IT RESOLVED that the City Council hereby approves entering
into a revised Facilities Use Agreement with West Bay Community Action to use a portion of
Assessors Plat 251, Lot 179, commonly known as Barton Farm, as described in the Agreement
and on the map attached hereto under the Facilities Use Agreement in the form attached hereto.
The Mayor is authorized to execute said Agreement and other documents necessary to effectuate
the Agreement.
The City Clerk is hereby directed to forward a copy of this Resolution to the Mayor, the
Finance Director and the Director of the Planning Department.
This Resolution shall take effect upon passage.

SPONSORED BY:

COUNCILMAN COLANTUONO
COUNCILMAN GALLUCCI

COMMITTEE:

PUBLIC PROPERTIES

PCR-22-15
THE CITY OF WARWICK
STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS

RESOLUTION OF THE CITY COUNCIL

No. .

Date . . . . . . . . . . . . . . . .

Approved. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Mayor

RESOLUTION AUTHORIZING THE ISSUANCE

OF GENERAL OBLIGATION REFUNDING BONDS
WHEREAS, the City of Warwick (the "City") has previously issued its $13,500,000 General
Obligation Bonds dated June 15, 2003 (the "2003 Bonds"), its $12,500,000 General Obligation Bonds
dated August 15, 2004 (the "2004 Bonds") and its $17,500,000 General Obligation Bonds dated January
15, 2006 (the "2006 Bonds" and collectively, the "Prior Bonds"); and
WHEREAS, the City desires to issue general obligation refunding bonds (the "Refunding
Bonds") to refund all or any part of the Prior Bonds in order to take advantage of the lower interest rates
which currently are prevailing;
WHEREAS, the City intends to issue the refunding bonds provided the present value savings is at
least equal to 3%; and
WHEREAS, the City desires to avoid purposely structuring for upfront savings which generates
near-term savings at the expense of generating savings in later years; and
WHEREAS, the 2003 Bonds, 2004 Bonds and 2006 Bonds have uneven debt service structures,
with principal payments, interest payments and final maturities occurring on different dates; and
WHEREAS, a uniform (proportional) savings structure where the Refunding Bonds are structured
as uniformly as possible with the structure of the Prior Bonds achieves a significantly greater aggregate
amount of savings than a level savings structure which would require the principal amortization of the
Refunding Bonds to be accelerated during the first fiscal year; and
WHEREAS, articles in the financial press report that interest rates are likely to increase in 2015;
and
WHEREAS, the City Council desires to revoke the authorization for bond refunding in the
Resolution designated as PCR-127-14.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Warwick, Rhode
Island that:
SECTION 1. Pursuant to Rhode Island General Laws Section 45-12-5.2 and subject to
the conditions listed herein, the City is authorized to issue Refunding Bonds of the City in an amount
necessary to refund all or a portion of the Prior Bonds and to provide for any principal of, redemption
premium, and interest on the Prior Bonds coming due on or prior to the date on which the Prior Bonds are
to be redeemed, and costs of issuance of the Refunding Bonds. Such authorization is contingent upon
obtaining a net present value savings of at least 3% and use of a uniform (proportional) savings structure.

the conditions listed herein, the City is authorized to issue Refunding Bonds of the City in an amount
necessary to refund all or a portion of the Prior Bonds and to provide for any principal of, redemption
premium, and interest on the Prior Bonds coming due on or prior to the date on which the Prior Bonds are
to be redeemed, and costs of issuance of the Refunding Bonds. Such authorization is contingent upon
obtaining a net present value savings of at least 3% and use of a uniform (proportional) savings structure.
The Director of Finance shall furnish the City Council with a post-issuance written report which includes
the following items (a) (g) below, but the validity of the Refunding Bonds issued hereunder shall in no
way depend upon the rendering of the report or the contents of the report:
(a) A schedule setting forth the issuance costs for the Refunding Bonds and interest rates
at which the Refunding Bonds have been issued;
(b) The Official Statement distributed to investors;
(c) A schedule showing the maturity dates, call dates and call premiums, if any, of the
Refunding Bonds;
(d) A schedule showing that the debt service savings is proportional to debt service due
in each fiscal year;
(e) A comparison of the payment schedules of each series of the Prior Bonds refunded,
as well as in the aggregate, showing both principal and interest payment dates for the
Prior Bonds and the Refunding Bonds;
(f) A schedule showing the refunding escrow structure and efficiency;
(g) A schedule including the repayment schedules of the Refunded Bonds and the
Refunding Bonds together with other outstanding debt of the City showing that the
Refunding Bonds will not adversely impact the Citys debt management, and/or place
undue strain on the projected annual debt service, including current general
obligation debt obligations and authorized general obligation debt not yet issued.
SECTION 2. The issuance of the Refunding Bonds will result in a financial benefit to
the City by reason of the net present value savings.
SECTION 3. The manner of sale, amount, denominations, maturities, conversion or
registration privileges, interest rates, medium of payment, and other terms, conditions and details of the
Refunding Bonds authorized herein may be fixed by the officers authorized to sign the Refunding Bonds,
provided that the final maturity of the Refunding Bonds shall not be later than the final maturity of the
2006 Bonds.
SECTION 4. The City Council hereby authorizes the City Treasurer and the Mayor
acting on behalf of the City, to issue the Refunding Bonds for the purposes set forth in this Resolution and
to take all actions as they deem necessary to effect the issuance of the Refunding Bonds. The Refunding
Bonds shall be issued by the City under its corporate name and seal or facsimile of such seal. The
Refunding Bonds shall be signed by the manual or facsimile signature of the City Treasurer and the
Mayor.
SECTION 5. The City Treasurer and the Mayor are hereby authorized to issue the
Refunding Bonds and deliver them to the purchaser and said officers are hereby authorized and instructed
to take all actions, on behalf of the City, necessary to ensure that interest on the Refunding Bonds will be
excludable from gross income from federal income tax purposes and to refrain from all actions which
would cause interest on the Refunding Bonds to become subject to federal income taxes.
SECTION 6. The City Treasurer and the Mayor are authorized to take all actions
necessary to comply with federal tax and securities laws including Rule 15c2-12 of the Securities and
Exchange Commission (the "Rule") and to execute and deliver a Continuing Disclosure Certificate in
connection with the Refunding Bonds in the form as shall be deemed advisable by the City Treasurer and
the Mayor in order to comply with the Rule. The City hereby covenants and agrees that it will comply
with and carry out all of the provisions of the Continuing Disclosure Certificate, as it may be amended
from time to time. Notwithstanding any other provision of this Resolution or the Refunding Bonds,
failure of the City to comply with the Continuing Disclosure Certificate shall not be considered an event
of default; however, any bondholder may take such actions as may be necessary and appropriate,
including seeking mandate or specific performance by court order, to cause the City to comply with its
obligations under this Section and under the Continuing Disclosure Certificate.
SECTION 7. The authorization for refunding bonds approved in PCR-127-14 is hereby
revoked.
SECTION 8. This Resolution shall take effect upon its passage.

SECTION 7. The authorization for refunding bonds approved in PCR-127-14 is hereby

revoked.
SECTION 8. This Resolution shall take effect upon its passage.

SPONSORED BY: COUNCILWOMAN VELLA-WILKINSON

COMMITTEE:
AM 5614536.6
AM 5614536.3

FINANCE