HomeMy WebLinkAbout2016-06-06 Finance Committee MinutesCouncilors in Attendance: Baldacci, Graham, Nealley, Sprague, Faircloth,
Nichols
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Motion made and seconded to accept consent agenda. Motion passed
unanimously.
2. Bids/Purchasing
a. Photography Services — Community & Economic Development —
Memorymaker Photography
Staff presented the recommendation to award the contract to Memorymak
Photography. Councilor Graham raised concerns that with only three
responses, that perhaps this bid opportunity was not well known. Staff
reviewed the typical notification process for bid opportunities and indicated
they would follow up the next day to see if any additional steps were taken,,]
Motion made and seconded to award the contract, Motion passed by a vote
#f 4 — 1. with Councilors Sprague, Nealley, Balclacci, Nichols in support and
Councilor Graham opposed.
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These boards would be utilized to provide traffic notifications and directions
at the Cross Insurance Center. The Finance Director had in error included a
recommendation for 1 board, while it was the intent to award the bid fro 3.
The recommendation was amended to award the contract for 3 LED
message boards to the low responsive bidder. Motion made and seconded,
motion passed unanimously.
3. Resolve • x Appropriating $1,650,000
$91,667
Resolve o accept and appropriate .!doi. "d ` ., d Stabe
grant funds for the second phase, currently underway, of the domestic
terminal upgrade. The local match is included in the proposed FY 2017
budgeMotion made and seconded to recommend passage to the City Council,
t.
• passed unanimously.
Resolve • &Appropriating. • • �9 in FTA ani
• i in MDOTfor of Two Buses
Resolve 16-220 will accept and appropriate Federal and State grant funds
for acquisitionof two new Community Connector busses. The local
share was approved in the FY 2016 #` w approved
the fall of 2015. Due to the timing of the releaseof federal grant
City and State were unable to obligate the Federal and State funds until
Motion made and seconded to recommend passage to the City Council,
motion passed unanimously.
S. Financial Advisor Presentation
The City's financial advisor, Joe Cuetara, reviewed a local governmental
fiscal management document with the Committee (a copy of which will be
available on websitew `pw, page).
reviewed the rating process, impactof ratings,as pe
ratingfrom the agencies w Bangor. In addition, typical11 w',' #I wred with the rating agencies was reviewed as e w, chart of
rating agency expectations compared to Bangor's actual. In addition,
Councilors " with him, areas ^ could improve, areas that
would
be detrimental,. 1o!bonding .t isn't, what is .#d level
bonding,
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Motion made and seconded to recommend settlement to the City Council,
motion passed unanimously.
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