LIMA — Lima’s finances are doing pretty well, according to Steve Cleaves, city finance director.
He reported to Lima City Council on Monday night the latest financial figures for the city in the Mid-Year Finance Update.
“The city’s revenue sources are coming in pretty strong this year. The net profits income by businesses is up very substantially by over 25%. Overall our income tax receipts are coming in ahead of estimates and we did really well with investment income,” said Cleaves.
He is worried that the trade war between the U.S. and China could cause problems down the road.
“That situation is not good and that could really put a severe strain on the economy during the next year if they don’t resolve that pretty soon,” said Cleaves.
In other business:
• The problem of lead-based paint in Lima homes is something the city council wants to do something about.
The City of Lima Department of Community Development is applying for a grant from the U.S. Department of House and Urban Development to implement a Lead-Based Paint Hazard Reduction Program.
The grant, if approved, would allow the development of programs to remediate risks of lead exposure in residential structures.
• Council also approved legislation to allow the mayor to enter into a natural gas service contract for all of the city’s natural gas supply. The contract would replace the contract currently in place which expires in October of next year.
There will be a competitive bidding process through a reverse auction that will have suppliers bidding against each other. The city is under no obligation to accept any of the bids.
• Lima council passed a resolution memorializing the late John Brookman, former Lima Fire Chief. Brookman died on May 27, 2019. He retired as chief in March of 2000 after 42 years of service. He was the first recipient of the Sertoma Fire Fighter of the Year Award in 1972.
“I had the privilege, and the honor, of being on council and working with Chief Brookman for about nine years,” said John Nixon, Lima council president. “I always found him to be very, very passionate about the fire service, about the job he did in the department. It truly was an honor to be working with him.”
Reach Sam Shriver at 567-242-0409.