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HomeMy WebLinkAbout2014-05-27 Finance Committee Minutes FINANCE COMMITTEE MINUTES Tuesday, May 27, 2014 @ 5:15 pm (Please note change in day) Council Members: Blanchette, Graham, Gallant, Sprague, Civiello, Nealley, Durgin Staff Members: Cyr, Conlow, Caruso, Webb, Kochis Others: 1. Bids/Purchasing a. Dock 12 Building Modifications – Airport- AA Randall - $139,460 Finance Director Deb Cyr explained this is a part of the overall C & L Aerospace Project. The cost of this work will be paid for by C & L Aerospace. Staff recommendation is to award the project to AA Randall in the amount of $139,460. Councilor Durgin moved, Councilor Blanchette seconded, so approved to recommend to the full Council. b. Runway Weather Information System – Airport – KOBO Utility - $412,125 Director Cyr stated that staff recommendation is to award the contract to the low bidder, KOBO Utility in the amount of $412,125. This is an AIP Project so 90% of the cost is funded by the federal government, 5% by the state of Maine and the remaining 5% is funded by the Airport itself. Councilor Nealley moved, Councilor Durgin seconded, so approved to recommend to the full Council. c. Godfrey Blvd Reconstruction – Airport – Lane Construction - $816,979 Director Cyr stated this is related to the roadway around the terminal. This is an AIP Project so 90% of the cost is funded by the federal government, 5% by the state of Maine and the remaining 5% is funded by the Airport itself. Staff recommendation is to award to Lane Construction in the amout of $816,979. Councilor Nealley moved, Councilor Durgin seconded, so approved to recommend to the full Council. d. Main Street Sewer Separation – Engineering – Lou Silver Inc - $1,165,950 Director Cyr explained this is known as the Davis Brook Sewer System. Staff recommendation is to award the contract to the low bidder, Lou Silver Inc., in the amount of $1,165,950. Councilor Durgin moved, Councilor Blanchette seconded, so approved to recommend to the full Council. e. New Capehart Sewer Replacement – Engineering – Lou Silver Inc - $969,040 Director Cyr stated that this replacement will actually be taking place across several streets. Staff recommendation is to award the contract to the low bidder, Lou Silver Inc., in the amount of $969,040. Councilor Blanchette asked if any of the bus routes have been rerouted so their tight schedule isn’t disrupted. Cyr stated that she will double check with the engineer to make sure scheduling has been thought about. To her knowledge this work will be taking place when school is out of session. Councilor Durgin moved, Councilor Blanchette seconded, so approved to recommend to the full Council. 2. Council Order 14-172, Reallocating Excess Bond Proceeds Director Cyr explained we had sold some bonds this Spring to help fund the Court Street Demolition project. There was additional funding that would allow us to reallocate the proceeds to an already approved project that can use downtown TIF bonds. This will put the Council on record to allow us to use any excess moneys from this project to pay off the costs that have already occurred for the Penobscot River Remediation. Councilor Durgin moved, Councilor Blanchette seconded, so approved to recommend to the full Council. 3. Council Order 14-173, Authorizing Issuance of $250,000 in General Obligation Bonds Director Cyr explained that the Council has signed a lease agreement with the School Department for 208 Main Avenue. This will bring the regional program from Orono to Bangor. Upgrades of $400,000 need to be done to house this program. This money will be repaid over the 10 year lease by the sending school districts. There is a 2 part recommendation to this item. One is the initial recommendation to authorize the $250,000 in General Obligation Bonds and the second part is to approve $150,000 in bond funding and incorporate this as part of our annual capital improvement bond order that we put forward in July of 2014 after the budget is completed. Councilor Nealley moved, Councilor Blanchette seconded, so approved to recommend to full Council. 4. Disposition of Property – 55 Parker Street Director Cyr stated this is the first property we have taken and are selling. There is no structure nor is this a buildable lot. The price of $4,000 was offered by an abutter and after looking into the cost versus the increase in value for the abutter if adding this property, the offer is acceptable. Staff recommendation is to accept the offer. Councilor Nealley moved, Councilor Durgin seconded, so approved. Adjourned at 5:40PM.