CITY OF WILKES-BARRE  PENNSYLVANIA ILKES  1871  CITY COUNCIL AGENDA  CITY COUNCIL OCTOBER 24, 2024  PLEDGE OF ALLEGIANCE  ROLL CALL  PUBLICINPUT ON PENDING LEGISLATION  RESOLUTION  CONSENT AGENDA RESOLIONS/MINUIE) PRESENTATIONS BY COUNCIL MEMBERS  PUBLIC DISCUSSION ADJOURNMENT    CITY COUNCIL OCTOBER 24, 2024 RESOLUTION  Reappointing Mike Belusko to the Wyoming Valley Sanitary Authority.  CONSENT AGENDA ESOLTONSMINUIE)  RESOLUTIONS  Reappointing Phil Latinski to the Wyoming Valley Sanitary Authority.  Authorizing the proper city officials to take any actions necessary and required to sell the 2024 Tax Claims and the anticipated 2025, 2026 Tax Claims in exchange for an estimated amount not to exceed that fiscal year's real estate tax settlement amount, and, on or after January 1, 2027, as contemplated by the agreement as same may be amended.  MINUTES  Ofthe Wyoming Valley Sanitary. Authority Board Meeting of September 24, 2024. Oft the Wilkes-Barre City' Traffic Committee of September 26, 2024. Oft the Wilkes-Barre City Planning Commission of August 21, 2024. Oft the Wilkes-Barre City Planning Commission of September 18, 2024. Of the Regular Session of City Council of October 10, 2024.    Resolution No.  Wilkes-Barre, PA  BEITRESOLVED by the City Council ofthe CtyofWilkes-Barre:  WHEREAS, Section 5:08 oft the City Charter ofthe City of Wilkes-Barre authorizes the Mayor, with the advice and consent of City Council, to appoint by members of Boards, Commissions and Authorities served by the City; referenced below toi the Wyoming Valley Sanitary Authority; appointed as ai member to the Wyoming Valley Sanitary Authority:  WHEREAS,ti is the desire oft the City of Wilkes-Barre to re-appoint the person NOW,THEREFORE, BE: IT RESOLVED, that the following person is hereby re-  Name Mike Belusko 10 Catlin Avenue Wilkes-Barre, PA 18702  Term Expires December 31, 2028  Submitted by.  ROLL CALL  ITAC    Resolutionl No.  Wilkes-Barre, PA  BEITRESOLVED by the City Council ofthe City ofWilkes-Barre:  WHEREAS, Section 5:08 oft the City Charter oft the City of Wilkes-Barre authorizes the Mayor, with the advice and consent of City Council, to appoint by members ofBoards, Commissions and Authorities served by the City; referenced below. to the Wyoming Valley Sanitary Authority; appointed as ai member to the Wyoming Valley Sanitary Authority:  WHEREAS, it is the desire oft the City of Wilkes-Barre to re-appoint the person NOW,THEREFORE, BE: IT RESOLVED, that the following person is hereby re-  Name Phillip Latinski 20 Brazil Street Wilkes-Barre, PA 18705  Term Expires December 31, 2028  Submitted by.  ROLL CALL  VRAC    Resolution No.  Wilkes-Barre, PA  BEITRESOLVED by the City Council ofthe CtyofWilkes-Barre:  WHEREAS, the City of Wilkes-Barre, Pennsylvania (the "City") () will be owed outstanding taxes that are secured by real. estate tax claims on parcels located in Luzerne County for the fiscal year ending December 31, 2024 and previous years (collectively, the "2024 Tax Claims"); (ii) anticipates that it will be owed additional outstanding taxes that will be secured by real estate tax claims on parcels located in Luzerne County for the fiscal year ending December 31, 2025 (the anticipated 2025 Tax Claims"); and (iii) anticipates that it will be owed additional outstanding taxes that will be secured by real estate tax claims on parcels located in Luzerne County for the fiscal year ending December 31, 2026 (the "anticipated 2026 Tax Claims") and (iv) anticipates that it will be owed additional outstanding taxes that will be secured by real estate tax claims onj parcels located in Luzerne County each fiscal year thereafter; and  WHEREAS, the City of Wilkes-Barre Finance Authority (the "Authority") has a program in place to purchase the 2024 Tax Claims in an estimated amount not to exceed that fiscal year's real estate tax settlement amount on or after January 1, 2025, and, on or after January 1, 2026, to purchase the 2025 Tax Claims in exchange for an estimated amount not to exceed that fiscal year's real estate tax settlement amount, and, on or after January 1, 2027, to purchasé the 2026 Tax Claims in exchange for an estimated amount not to exceed that fiscal  year's real estate tax settlement amount;  WHEREAS, a Purchase and Sales Agreement (the "Agreement"), which will include therein a mandatory repurchase obligation by the City, together with any other documents or instruments necessary to complete the transaction, will be entered into by the City and the Authority for the purchase of the 2024 Tax Claims and may be further amended by the City and the Authority for the subsequent purchase of future tax claims, including, but not limited to, the  anticipated 2025 Tax Claims and the anticipated 2026' Tax Claims.  NOWTHEREFORE, ITI IS HEREBY  RESOLVED, that the City agrees to sell its 2024 Tax Claims in exchange for an estimated amount not to exceed that fiscal year's real estate tax settlement amount to the Authority pursuant to the Agreement, and, on or after. January 1, 2026, toj purchase the  Submitted by.  ROLL CALL DICAT TTTTOATE  YEAS    anticipated 2025 Tax Claims in exchange for an estimated amount not to exceed that fiscal year's real estate tax settlement amount, and, on or after January 1, 2027, to purchase the anticipated 2026 Tax Claims in exchange for an estimated amount not to exceed that fiscal year's real estate tax settlement amount, which includes therein a mandatory repurchase obligation by the City under certain circumstances, and other supporting documents and amendments that shall be in a  form approved by the Mayor and City Solicitor; and be it  FURTHER RESOLVED, that the City be and is hereby authorized to sell the 2024 Tax Claims and the anticipated 2025 Tax Claims and the anticipated 2026 Tax Claims to the Authority on such terms and conditions as approved by the Mayor and City Solicitor; and bei it FURTHER RESOLVED, that the City shall retain the firm of Municipal Revenue Services, Inc., to facilitate the structure, closing and implementation of the sale ofthe 2024 Tax Claims and the anticipated 2025 Tax Claims and the anticipated 2026 Tax Claims as  contemplated by the Agreement as same may be amended; and bei it  FINALLY RESOLVED, that thej proper City officials be and they are hereby authorized and directed to take any and all actions necessary and required to complete the transactions, including, but not limited to, the execution of all documents subject to the approval as to form of  said document by legal counsel for the City.