HomeMy WebLinkAbout2013-05-21 Finance Committee Minutes
FINANCE COMMITTEE
May 21, 2013 @ 5:00 pm
(Please note change in day and time)
MINUTES
Council Members: Durgin, Blanchette, Sprague, Gallant, Civiello, Nealley
Staff: Cyr, Caruso, Dawes
Others: Goehringer
1. Consent Agenda
a. Order, Authorizing Application and Acceptance of a New England Water
Environment Association (NEWEA) Humanitarian Assistance Grant for Storm
Drain Marking and Stenciling
Gallant moved, Sprague seconds, approved.
2. Bids/Purchasing
a. SRT Van – Police – Darlings - $69,171
Finance Director Cyr states this money would come from the Homeland Security Grant.
Gallant moved, Sprague seconds, approved.
b. Trench Drain ASR Mitigation – Airport – Sargent Corporation - $686,836
Finance Director Cyr states this project is funded by federal 90%, state 5%, and
remaining Airport 5% and falls under the Airport Improvement Plan.
Gallant moved, Sprague seconds, approved to go to full council since it’s over $100,000.
3. Finance Committee Resolution Approving Details of 2013 General
Obligation Bonds – Series A and B
(to be distributed at meeting)
Finance Director Cyr states we sold $14 million worth of bonds today. Vast majority of
those bonds were refunding currently outstanding bonds to achieve some savings. Two
pieces, tax exempt series and taxable series which resulted in $475,000 in savings over
the next 12 years for tax exempt series and $102,000 in savings for the taxable series.
Finance Committee must adopt and sign off on. Gallant moved, Nealley seconds,
adopted.
Blanchette calls for a roll call of all Councilors and their vote:
Nealley votes yes.
Gallant votes yes.
Baldacci votes yes.
Sprague votes yes.
Blanchette votes yes.
Adjourned