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HomeMy WebLinkAbout02/28/2015 City CouncilFebruary 28, 2015 Retreat 1i':11LT C TZ's, -1 r, J -ce WORK SESSION HELD ON FEBRUARY 28,2015 The Work Session Retreat of the City Council of the City of The Colony, Texas, was called to order at 8:08 a.m. on the 28th day of February, 2015, at the Gaylord Texan Resort and Convention Center, Mustang I Meeting Room, 1501 Gaylord Trail, Grapevine, Texas 75061, with the following roll call: Joe McCoum, Mayor Present Kirk Mikulec Councilmember Present Richard Boyer Mavor Pro -Tem Present Brian R. Wade Councilmember Present David Terre Councilmember Present Perry Schrag Councilmember Present Joel Marks Councilmember Present And with seven council members present a quorum was established and the following items Nvere addressed: 1. Call to Order 2. Receive presentation from staff, and discuss the city's current and future financial status. Assistant Citv "Manager Tim -Miller reN iewed the city's current financial picture and the city -'s future needs of the citv. He reviewed the impact those needs have on the city budgets in the future. Tim revieNved expected operational expense increases and the projected revenue for the next 5-10 rears. Included were staffing needs. personnel overall costs and health care increases. He asked council to prioritize and determineA'hat projects should be funded in the next 5-10 vears. 3, City Council to identify and prioritize future capital projects and provide direction to staff. This item ivas discussed on February 27, 2015 agenda. And with no further business to discuss the meeting was adjourned at 10:25 a.m. February 28, 2015 Retreat ATTEST: "+ : `ƒw. \\Al. Christie Wilson, TPIMC City Secretary NUOU"Molv"I I.-,, "sAL