HomeMy WebLinkAbout2015-08-10 Finance Committee Minutes
FINANCE COMMITTEE MINUTES
August 10, 2015 @ 6:30 pm
Councilors in Attendance: Sprague, Baldacci, Nealley, Durgin, Civiello,
Graham
Staff in Attendance: Cyr, Farrar, Theriault
1. Bids/Purchasing
a. Hammond/Union/Ohio Resurfacing & Intersection Improvements – Lane
Construction - $968,193
Staff reviewed the bid process and the fact that the project was rebid due to costs
exceeding budget. The second round of bids exceeded the available funding by
$85,000. Staff reviewed a plan to reallocate certain designated capital funds to
allow this project to be completed. If the project were not be move forward, the
City would need to make improvements to the roadways prior to winter, that would
redirect resources dedicated from the City’s annual paving program. Staff will
continue to work with BACTS to obtain additional Federal/State funding for 90% of
the additional funding required.
Motion and seconded to recommend award of contract to Lane Construction to the
Council for approval. Motion passed unanimously.
Meeting adjourned at 6:40 pm