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HomeMy WebLinkAbout2017-02-21 Finance Committee MinutesFINANCE COMMITTEE MINUTES February 21, 2017 Councilors in Attendance: Faircloth, Nealley, Sprague, Perry, Baldacci, Graham Staff in Attendance: Imbriaco, Cyr, Conlow, Collins 1. Wireless Internet — Cross Insurance Center — New England Communications - $25,764 Motion made and seconded to award contract. Motion passed unanimously. 2. Update on Energy Smart Bangor Program Staff provided an overview of the Energy Smart Bangor Program. After six months, there has been a significant increase in the number of participants and energy efficiency measures undertaken as well as disbursement of Efficiency Maine funding. There is a current balance of $48,000 remaining. While Bangor has seen an increase in participation, participation statewide has actually declined, which suggests that the Energy Smart Bangor is encouraging homeowner investment. The majority of investments occurred in homes valued $50,000 and $150,000. Councilors noted that the program was well received and indicated a desire to continue the program. Meeting adjourned 5;48 pm