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HomeMy WebLinkAbout1984-06-14 Finance Committee MinutesPINAIRM CgV4PTT68 June 14, 19M at 4:00 p.m. Minutes Present: Councilor Jim Few, Chairman Councilor Nen Jordan Councilor Arthur Tilley Councilor Jahn McCarthy Ted Jellison, Finance Director Dave Pellegrino, Purchasing Agent Dale nerfault, Parke 6 Recreation Director Austin Kelly, Self Course Superintendent Robert Miller, City Solicitor 1. Community Development. The Committee approved two loans along with the disposition of two City lots Mich were split between abutters. 2. gids: a. Emergency Purchase of Mobile Food Dart for City Nursing Center. Award was approved to R.M. Flagg at $5,761.00. b. Clean 6 Paint Petroleum Storage Tanks No. 1 and No. 3. Award was approved to Regan Painting Company, the low bidder, at $10,500.00. C. Paving City Streets.. Award was approved to lane Construction Company, the only bidder, at An estimated $536,194.00. 3. Council Order 84-229 - Computer Financing. The Committee discussed the financing of a new computer system, and Councilors McCarthy and Jordan indicated the bus Reserve Account should be analysed to see if the $200,000 could name from this account. The City Solicitor told the Committee that the Council Order should be revoked. 4. Council Order 84-201 - Golf Course Reserve Fund. Councilor Jordan made a motion that half of the operating surplus each year up to a $100,000 maalaut accumulation should be set aside for the golf Course Reserve Fund. the Committee voted 2-1, with Councilor Tilley opposing, on this method. Me item will be discussed by the full City Council at their Jump 25th Council meeting. S. Contribution to 150th Sesquicentennial. Tom Needham, President of the 150th Sesquicentennial organization, requested the City to Contribute $40,000 to the celebration. The Committee asked that a Spatial Council meeting be set up as soon as possible to vote on the request. Adjourned at 5:15 p.m.