2022.05.09_FAB_Minutes_Regular• - TOWN OF HIGHLAND BEACH
FINANCIAL ADVISORY BOARD REGULAR
MEETING MINUTES
Town Hall / Commission Chambers Date: May 09, 2022
3614 South Ocean Boulevard Time: 11:30 AM
Highland Beach, Florida 33487
1. CALL TO ORDER
Chairperson Stern called the meeting to order at 11:30 A.M.
2. ROLL CALL
Member David Goldberg
Member Mitchell Pakler (Virtually)
Member Peter Weiner (Virtually)
Member Edward Kornfeld
Member Richard Greenwald
Vice Chairperson Ron Reame (Virtually)
Chairperson David Stern
Administrative Support Specialist Ganelle Thompson
ADDITIONAL STAFF PRESENT
Town Manager Marshall Labadie
Finance Director David DiLena
3. PLEDGE OF ALLEGIANCE
The Board Members led the Pledge of Allegiance to the United States of America.
4. APPROVAL OF THE AGENDA
MOTION: Greenwald/Pakler - Moved to approve the agenda as presented,
which passed unanimously 7 to 0.
5. PUBLIC COMMENT
There were no preregistered public comments.
Financial Advisory Board Regular Meeting Minutes
Date: May 09, 2022 Page 2 of 3
6. APPROVAL OF MINUTES
A. January 27, 2022, Meeting Minutes
MOTION: Kornfeld/Pakler - Moved to approve the Minutes of January 27, 2022,
which passed unanimously 7 to 0.
7. UNFINISHED BUSINESS
None.
8. NEW BUSINESS
A. Introduction of Finance Director David DiLena
Chairperson Stern introduced Finance Director David DiLena to the Financial
Advisory Board.
B. Second Quarter Financial Report - David DiLena, Finance Director
Finance Director DiLena presented the Second Quarter Financial Report.
C. Review of Fire Station Financing Proposals and Financial Advisor
Evaluation
Recommendation to Town Commission of Selected Proposal
Chairperson Stern read the title of Item 8C.
Town Manager Labadie provided an overview of the Fire. Station Financing
Proposals and the Financial Advisor Evaluation.
John Ford of Ford & Associates Inc. was present and provided a summary of the
proposals and advisor recommendations. He discussed information as it related
to the fire station financing, the proposals received the proposal cost comparison
as well as the selected recommendations.
MOTION: Stern/Greenwald - To go with Webster Bank if the terms do not
change the original proposal. Upon roll call, Chairperson Stern (Yes),
Member Greenwald (Yes), Vice -Chairperson Reame (Yes),
Members Goldberg (Yes), Weiner (Yes), Pakler (Yes) Kornfeld
(Yes). The motion passed 7 to 0.
9. BOARD MEMBERS REPORT
There were no Board Member reports.
Financial Advisory Board Regular Meeting Minutes
Date: May 09, 2022 Page 3 of 3
10. ANNOUNCEMENTS
May 10, 2022 -1:00
P.M. Code Enforcement Board Regular Meeting (CANCELLED)
May 12, 2022
- 9:30 A.M. Planning Board Regular Meeting
May 17, 2022
- 1:30 P.M. Town Commission Meeting
May 24, 2022
- 1.30 P.M. Town Commission Special Meeting
May 30, 2022
- Town Hall Closed in Observance of Memorial Day
July 07, 2022
- 11.30 A.M. Financial Advisory Board Meeting (Budget) (Tentative)
August 18, 2022 - 11.30 A.M. Financial Advisory Board Meeting (Healthcare)
(Tentative)
Chairperson Stern
read the announcements into the record.
MOTION:
Reame/Goldberg- Moved to approve July 07, 2022, and August 18,
2022, proposed meeting dates which passed unanimously 7 to 0.
11. ADJOURNMENT
The meeting adjourned at 12.35 P.M.
APPROVED at the J UlyQL_ 2022, Financial Advisory Board Regular Meeting
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David Stern, Chairperson
Transcribed by: Ganelle Thompson
Date
Disclaimer: Effective May 19, 2020, per Resolution No. 20-008, all meeting minutes are
transcribed as a brief summary reflecting the event of the meeting. Verbatim audio/video
of this meeting can be found on the town's Media Archives & Minutes webpage-
https://highlandbeach-fl.municodemeetings.com/.