HomeMy WebLinkAbout1997-05-19 Finance Committee MinutesFINANCE COMMITTEE
FETING MINUTES
MAY 19, 1997
Councilors Attending, Dan Soucy, Jim Tyler, David Leen, Joe Baldacci,
Pat Blanchette
Staff Attending: Edward Barrett, Erik Stumpfel, Aon Heller, Dave
Pellegrino, Bob Ziegelaar, Arthur Stockus,
Penelope Olsen, Brad Moore, Joe NcNe11, Debbie
Cyr
Convened at 5:00 p.m.
1. Executive Session: Poverty Abatement
Abatement granted.
2. Bids,
a. Carpet Installation (Central Fire Station)
Maine Commercial Plaarinc of Dexter (55.3]91
Approved
b. Split Bechanical Seals Wastewater Treatment Planti
Notion Industries. Inc. of Banner f$9,412.931
Technical item for pumps that are being installed in the
Eenduskeag Pump Station as part of the CSO modification.
Approved
C. Sawyer Arena Wall Insulation fParks and Recreation1kaever Arenal
A 6 M Mervin Construction of Hamadan ($9.0261
This is a continuation of a project. Last year there were
complaints from neighbors about spillover noise from inside the
arena and this should help take care of this problem.
Approved
d. Oil- Task Removal and Replacement, id 96 99 100 253 271 (Ai t1
Precision Tanks. Inc. of Jay ($115,6551
Approved passing on to City Council for approval.
e. Cold Tar Pavement Sealer Mixer (Airoort�
Sherwin Industries of Milwaukee. Mi ($11.599)
The asphalt on the runway breaks up and is very expensive to -- - --
reconstruct but is inexpensive to maintain. By purchasing a
Pavement sealer mixer and trailer it would be lees expensive to
maintain the asphalt than to let it deteriorate and then
reconstruct it. Approved
f. Reconstruct. Hark and Light Portions of Taxiway "A" (Airport)
Lane Construction Comrany of Ran o 50
This is part of the current Airport Improvements Projects grant
and will be paid with 908 Federal Funds, 5% State Funds, and 58
Airport Funds. The Airport's local share of 58 will be
$103,043.00. Approved passing on to City Council for approval.
3. Rubber Removal Services - Airoort Department
Approved recommendation
4. Council Resolve 97-215 IMmunpriation of Funds for Purchase of
equipment for The Bus
This is for the purchase of a bus shelter for Orono. Money would
be used from Orono and capital money from the federal
government. Approved
5. Council Resolve 99-217 Appropriating PRRC Rebate to the General Fund'A
Improvement Reserve
We have received $96,539.74 as our performance credit from the
PRRC Plant for the last calendar year under the agreement i
place. The owners of the plant and the charter municipalities
share in the profits of the plant and the profits are rebated
back at the end of the year. This is the third year that we
have received this money and the money has been put in the
Improvement Reserve and it is recommended that the same be done
this year. Recommend approval
6. Approval of Transfer of Funds for Purchase of Lawamowers for Cemetery
Earlier this year the City Council approved $17,000 for expansion
of Pine Grove Cemetery. All of this money is not going to be
needed. It is estimated that $14,000 of the $11,000 will be
spent. Three of the current mowers are having problems and new
machines are
needed for the spring and summer mowing. The cost
would be $681 to replace these three mowers.
Push mowers have
not been purchased In four or five years and these mowers are
used daily between May lot and October 15. Recommend approval.
so. Approval from the Committee to utilize Peoples Heritaoe for Certain
Investment Accounts
This is the draft of the Resolve that would be put on the
agenda. Certain actions of the Council will be needed to
authorize individuals to transact business. This Resolve is back
dated to March 1, 1996. The City has been trading with Peoples
Heritage since that time on an investment basis. This is not an
exclusive arrangement, other banks are used. Approved.
]. Analysis of Trgasury Credit Card Fees
In January, 1994 it was decided that the City would begin
accepting credit cards in Treasury. The credit cards can be used
for anything that is not real or personal property taxes. The
Finance Cmmnittee asked that they be informed when $5,000 worth
of fees had been reached to see how this was going. Through the
end of April, it was $7,991 in fees. The fees average about $200
per month. 2.48 of the transaction cost is being lost. Peoples
Heritage will be taking over the processing of credit cards for
the City. Currently the City is paying 1.848 for each
transaction and this will decrease to 1.88. There is a .16 per
transaction charge which will no longer be in the system and
there is also a $35 monthly equipment charge which we will no
longer be paying.
There are other departments within the City that take credit
cards for various services. It was suggested that staff consider
taking credit cards for those services that currently accept
checks. The Committee asked that we review returned checks to
determine if there is a problem.
8. a;. f Credit rtlParking
The Airport Department is requesting that the Finance Committee
give their approval to the acceptance of credit cards at the
parking lot. Recommend approval to accept Visa, Mastercard and
American Express. Approved.
9. ouitclaim Deed - sewer Lien
Approved to authorize quitclaim deed for the paid bill. Approved.