Dear Neighbors,
On Monday, the City Council will convene its first of two meetings for the month of February.
Our Council meeting will begin at 7pm in Contois Auditorium in City Hall. The first item on our agenda will be an audit update from our Auditor. This is an important update due to the step we are finally taking, and one I have advocated for over the past four years, with respect to the receivable on the City’s books of the $16.9 million from Burlington Telecom. While we all hope that a good portion of that debt to the General Fund can be recovered over time from BT revenues and the new structure that will become BT over time, the reality is that this account receivable, which by definition is an asset we believe can be recovered within one year, cannot be recovered within the next 12 months. The appropriate way to address this is to write down the receivable. This does not mean that we do not do everything possible to recover the $16.9 million; it is our acknowledgement that these funds are not immediately recoverable.
The first item on our deliberative agenda is a resolution approving the Audit and the write down of the BT receivable. Our second item is the appointment of a Fence Viewer. We also have the appointment to the Board of Registration of Voters. We have three other resolutions on our agenda; the creation of a Walk-Bike Master Plan process, the appointment of members to the Library Commission and the preparation of Charter changes to add members to the Parks Commission.
We will then have council committee reports, comments from councilors and the Mayor.
Please keep in mind that you are welcome to come to a council meeting and speak to the Council on any subject you wish during our Public Forum which begins at 7:30pm.
Clickable agenda items can be found on the City's website:
https://www.boarddocs.com/vt/burlingtonvt/Board.nsf/Public
Please keep in mind that at all Council meetings are televised live on Channel 317 on Burlington Telecom.
As always, I welcome your questions and concerns. Please email or give me a call over the weekend or tomorrow.
My best,
Karen
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