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<br />Fiscal Affairs Committee - Special Called Regular Meeting - September 20 & 21,2010 <br /> <br />2 <br /> <br />The Fiscal Affairs Committee recessed the meeting at 6:35 p.m. <br /> <br />The Fiscal Affairs Committee reconvened the meeting at 5:00 p.m. on September 21, 2010 <br />and continued discussion and review of preliminary report from Belt Harris Pechacek, LLP as a <br />result of an agreed upon Procedures engagement for the Town Plaza Project forensic audit. <br /> <br />City Attorney Knox Askins provided the Committee with a report on the findings of Bankruptcy <br />and the lien holder status of the city on the property (See Exhibit A). <br /> <br />Ms. Harris informed the committee all references to Garson Silvers filing bankruptcy had been <br />stricken from the final document. <br /> <br />It was noted the City is the second lien holder on the tank removal. <br /> <br />Ms. Harris noted the appraised values are as follows: <br /> <br />109,111 and 117 San Jacinto -111 - $33,629 as of 1/1/2010,109 $7,375 as of 1/1/2010 with <br />improvements of $17,749 totaling $25,124. <br /> <br />117 San Jacinto $8,230 with $89,506 Improvements at a total of $97,736. <br /> <br />It was the consensus of the committee to take the final report to the City Council on <br />September 27,2010. <br /> <br />3. Administrative Reports <br /> <br />There were no reports. <br /> <br />4. Committee Comments <br /> <br />There were not any comments from the Committee. <br /> <br />Matters appearing on agenda <br /> <br />A. Recognition of community members, city employee, and upcoming events <br /> <br />B. Inquiry of staff regarding specific factual information or existing policy <br />5. Adjournment <br /> <br />There being no further business to come before the committee, the meeting was adjourned at <br />6:43 p. m. <br /> <br />Respectfully submitted, <br />