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WCi'yOF <br />Loui5Vllle <br />COLORADO -SINCE lava <br />City Council Finance Committee <br />4:00 PM I Thursday, May 16, 2024 <br />Virtual Meeting via Zoom <br />Regular Meeting <br />Call to Order — Councilmember Hoefner called the meeting to order at 4:04 PM and took roll call. <br />Committee Members Present: Yes Councilmember Hamlington <br />Yes Councilmember Hoefner <br />Yes Councilmember Kern <br />Staff Present: Jeff Durbin, City Manager <br />Samma Fox, Deputy City Manager <br />Ryder Bailey, Director of Finance <br />Genny Kline, Deputy City Clerk <br />Travis Anderson, Revenue and Sales Tax Manager <br />Mahyar Mansurabadi, Financial Analyst <br />Jess Zeas, Jr. Finance Associate <br />Marita Melcher, Sales Tax <br />Ligea Ferraro, Executive Administrator <br />Melissa Lundgren, Sales Tax <br />Katie Tofte, Recreation Supervisor <br />Others Present: <br />Councilmember Fahey <br />Approval of Agenda: <br />Councilmember Kern made a motion to approve the agenda, seconded by Councilmember Hamlington. <br />Agenda was Approved. <br />Approval of April 18, 2024 Meeting Minutes: <br />Councilmember Kern made a motion to approve the minutes, Councilmember Hamlington seconded. <br />Minutes were Approved. <br />Public Comments on Items Not on the Agenda: None. <br />Update to the Annual Senior Rebate Program: <br />Accounting Technician Gotski presented an update to the Annual Senior Utility Rebate Program. The <br />update was also provided in the meeting packet. Staff recommends increasing the rebate to $150 from <br />$100, lowering the qualifying age to 60 years from 65 years, and increasing the maximum income level to <br />$40,000 for a single person and $45,000 for households of two or more individuals. <br />Staff are requesting approval to bring this to City Council for approval. <br />Committee Comments: <br />Finance Department 749 Main Street Louisville CO 80027 <br />303.335.4500 (phone) 303.335.4513 (fax) LouisvilleCO.gov <br />3/46 <br />