During the “Administration Reports” portion of the July 10 City Council meeting, Council listened to a presentation from Paul Miola, from the Atlantic County Municipal Joint Insurance Fund (JIF), of which Sea Isle City is a member along with forty other municipalities in South Jersey. During his report, Mr. Miola gave an overview of the JIF’s various benefits, mentioning that the 31-year old JIF, which has a surplus of more than $28 million, has returned nearly $1.25 million in dividends to Sea Isle City over the years. Additionally, he stated that Sea Isle City’s insurance premiums have dropped consistently since 2015 due primarily to the City’s commitment to safety and wellness, and that Sea Isle’s loss funding has also decreased.
There were nine resolutions listed on the July 10 Consent Agenda including:
- Resolution 120, which authorized the annual reappointment of Sea Isle City’s Financial Advisor, Phoenix Advisors, LLC, for filing continuing disclosure submissions with the Municipal Securities Rulemaking Board (MSRB).
- Resolution 121, which authorized the annual reappointment of our City Solicitor, Paul Baldini, Esq.
- Resolution 122, which authorized the annual reappointment of Sea Isle City’s Auditor / Accountant, Leon Costello, RMA.
- Resolution 124, which authorized an amendment to the 2018 Capital Plan, allowing for essentially the same dollar amounts – however, this resolution allows for the addition of several newly-designated projects, such as the installation of illuminated flood warning signs in flood prone areas.
Our next City Council meeting will take place at 10:00 a.m. on Tuesday, July 24. –We hope to see you there!
Best Regards from the Members of City Council,
Council President Jack Gibson (
[email protected])
Frank Edwardi (
[email protected])
J.B. Feeley (
[email protected])
Bill Kehner (
[email protected])
Mary Tighe (
[email protected])
