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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