HomeMy WebLinkAbout1992-06-01 Finance Committee MinutesPLmICe , 92a PE
Jure 1, 1992
MimRcs
Camuttee lad�em Present: Mmi. S. D[egg, J. S , G. lialdaxi, R. Store
CounC l Nafd)eta Present: D. Scy, W. COhm,
Staff Pteasnt: E. $]List[, R. Pa o J. Q�exT lam,
E. Stm gp , D. Pellegr , L. Ih�beHs¢y
J. YCNeil
Othsis Aeeent: M. 4lellmen of vArbating, Media E Wellsan
Mjuesert ve ftaa H cutel
eatfn9 wes callsi to and by Cha;. at 5:05 �.
1. 'Ris Eus - Adve i g PLnposal
Paxiaz aM aictaeil Pwsmwd pxtposal frmn Me Ling, Yalu 6 tmllven to
develop advertising 00 1be lam. Lcluded in diacussi0n was letter ftm
Tle Alstw, G[eatet PortlaM SYans£t District. Diacvesiort o nwisl on
estimated start up cosw of $3,500, estimated animal ievema;3 of $15,000,
cost stmriig wiN parttciPvting local ommuLLties, ab cost sb=r with
stew and Pederel suwidy.
Diecnaeitml reit focused on Tlm pwpceai piesentad by Media, Matlo;ting R
Walbren. mt� raised c� rn about a l ck of an advertis pian p =
to cont with advertisvg cvopvy, aM was aivis i that Plan wind W
deve]<gal after comsat x let, aM ttat Gwncit w d be Snfon®tl prior
w adoption Of mm alvei iw plan. Strad xwid pxwide advertisi:g
fico wiw 358 of rn Iwes gemxaied
Agteaom¢ w irclude ee� C05w in tyle M993
bmlget and pta^,mrc to Cammil for aPp=Oval of oont w tl t develog�
Of advmtising Plan would begin.
2. Discussion: IeRer-Furl eal.arses Policy
^� Flew policy with mweatal Levieion f Xs ca n ttee
meetim.
G. Daldeoci may mmnvtled passage w City M U. Sassided by J.
Sail. Passed.
3. Diacuesion: City I,mea4rent PtOgrmm
lent still WiShaS to follow thrcegh to transfer of furs to Gam fm
coapar son of inwmoevent results.
Cohen objected since Fleet berm now respoMetl than no finds slmuld be movmf
W eaOtlbr institution all MMested no change be wade until m Rep for
banking services was let. 9aroart respvdsi cor cernuiy available
resaacae for Producing an M. Stucy agreed to allow spilt imestverts
arci RFP as time ard resources allow. Raldacci agcetii with Sauy.
olPoses split investee ifs elth Casco now that city has Fleet's attention.
Store agrbea to allow split imestrent program with Gem. Razxett
iricated M for bankhV services witldn 60 days.
Disc aim of city treat acccunta being sot d to Geo fax mVoapad
servicing. City maintains 35 trust furs with pooled im�t nts. Calm
Will provide m.w,..ountI g oohed. of principal and interest allocation of
the 35 trusts, ami dialmrsEamt services which Hest does not provide.
J. Sail W Comrcll th authorize opening banking
relatimahtP with Caere R e staff tr+ produce RFP for banking services
within 60 days ami ♦'_'M, C®nwity �lepmR Pct into RFP for banking
services. Sgvrcisd by G. Raldaoci. passed 3:0n1 with Stagg abstaining.
4. Policyn Small pareual. Property eelanms
Q arta ave presented policy for writingb£f eaell talarre of $5.00 or less
m to Pali Personal PmPertY tamer per legislation approved in 1991.
Discussion cartered on appropriate Boner evamt.
R. Stens mmd mtamvtlatim to Council Smotled by J. Seri. Raldaoci
aw i to ameni policy to $25.00 and that slim ffa would rot ba
autmustic. Secmvkd by R. Store. B®dmart pawed. Marin ration awed.
S. Review Of Iaese option for City Cabgmtec
Faaaaz press a to d rwlsed lease amounts from url a fox tlum }car lasso
COSIS with Unisys
is the
the e e liar m } r ].ease. So¢Y 4ueattwed umintenaree
if U�squipmnt Carer. 1b be xevicvstl with verrbr.
thin parry W ys availability. em be recdecof by
staf£. Colmn questional year ty over iesaiuy at poaror roars of ie
(estimated) w allow flexibility of charging equitae ere wig teat of ea
W year � g trnth Staff ew daiamire actual rest of year
pri
application of lease renceell option,' x for less than erre year, arc]
paytmrt m purchase ]sire.
Iter to be refaaai to rent Budget revfmw session, Jure 3, 1992 and if
appropriate to next Council meeting.
6. lffigeaet to Dissolve Aged Women 9inst find
SdnR£ei preaaded rNeeat frau Phtllillsv,tricklad Ranee through Arty.
pfaoford to oieaolve trust relatieaehdP with city, ant to re[unn $25,000
Prircipal Plea earned irner St. Stu Pfel bas reqs es epi confirmatim Uat
Phi11iP%Stricklatl is siccessor tr FtMa for Aged Women, and cwdisation
Of corporate action to dissolve trust relationship with city.
R. Stane moved recmneMation to CrunaLl to dissolve trust relationship
for some for Aged Women Trust subject to satisfactory receipt of
cmdimatirnFs xttPestel by City Solicitor Seconded by T. S . Rased
7. Ride:
a. Ehulsifie l Asphalt and ai4mUeus Concrete
Pellegrino presentsi bid tabulation ami recoae,:tlar:,.., for award.
R. Scare moved award of emilsifiai aspbait to arch Material coon aw, arca
hirneireus Concrete to Ione Conetru-tion Cly. SeCO vlai by G.
F4ldacei.. Passed.
b. loan
Pellegrino prase txl bid Tabulation and renmendatimi for acrd.
R. Stour nreved award to Rrget R. Johnson. Seceetled by S. Sail. Passed.
C. Rvreval ant replacement of interior 110tirg
Pellegrino also presented leder fron lry CiS regae,trag
reconsideration of their bid due to lack price quotation for vuonq date
whirb a feetai their bid price. collars..-
Ions do not allow him to male a post � change mthe Da,
tut that W it could take m:rerruti g,.v..� into consideration.
R. Store :mvad award of bid to C. N. ffioxa and Sprague ffigy par
purchesin9 agent's recanastlatfona ao(i bid tabilatfons. Beetled by G.
Naltlacci. Passed 3:0:1, J. Sail abstained.
G. Hsldsci sovai a aN (n Stnre Contaysa• �vopany. SxoM yy J. Sa#.
Pasa31
f. 4 lephore Sys
Peiiegtire xago® � Camtttea meeting on Sure 29, 1992 for final
M2 arards prim to close of fiscal }aat. Comities ago .
0. 6xa Ve Session
J. earl owed to go info smi:tive Session to discuss worl agxeere
forfax accauRs aM se ee asseesveM rca�nis. S tle3 by A. Store.
Paese3 3:0 (Palda¢i dopa ).
w f>m eo_cutive S si.cn at 6:45 pn.
Got of Porecutive 5 ion at 6:57 M.
M tiN ad]oume"i at 6:57 p .