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HomeMy WebLinkAbout1984-09-21 Finance Committee MinutesFinance Committee September 21, 1984 at 2:40 p.m. Minutes Present: Councilor Jim Cox, Chairman Councilor Arthur Tilley Councilor Ken Jordan John Flynn, City Manager Ted Jellison, Finance Director Ed McKeon, Economic Development Director Have Pellegrino, Purchasing Agent 1. Building 600 Emergency Purchase. Ed McKean requested that the Purchasing Department be authorized t utilize a ergency purchasing procedures, allowed under City regulations where justified, for improvements to two large boilers at Building 600, the former Ready Alert Hangars, at BIA. He explained Chat a lease of the building had been approved by the Airport Committee to Nor'East Aircraft Refinishing, a start up company that would strip, repaint aircraft, and later provide upholstering and cabinet design services for aircraft. The firm was preparing the interior, and the City's obligation as part of the agreement would be to place the beating system in working condition. It has not been operational for several years. The process to do this appeared to be two -fold: first remove the asbestos caps, and other equipment and run tests on the boilers up to 125 pounds of water pressure. The results of the teats would indicate further work. that was known presently Co 'require replacement of burners and other equipment. This appeared to be a two hid system, a process that would involve many weeks. He explained, also, that the City Council's Community Development Committee had approved not more than $25,000 in funds allocated for economic development under the Commonalty Development budget allocations. He further explainedthat the raw company had Co get into the business of painting aircraft as soon s possible, and a delay into November for a flow of business incomecould seriously jeopardize Its capability for success. A variety of aircraft are lined up for painting services, according to the company president, Mr[ McKeon explained. Me Committee unanimously voted to authorize the emergency purchase Procedures. 2. Sewer Assessment Deferral/Target Corporation. - Mr. McKeon requested that the private a against the Bangor Target Area Development Corporation for replacement of -a six-inch private sewer with an e elghC-inch City sewer between Dowd Road and the SKIRT property line t DowdIndustrial Estates be deferred until the land was sold by Target. He explained that the sewer lateral would serve three lots and that the City's policy in the pas[ bad been Co eliminate assessments against Target or defer mem, as the non-profit corporation, managed by the Economic Development Department, Is really anarm of the city's development program. w He said the total s oats wouldn probably r than $21,000 0 a and that the privatea a would be about half of that amount. Be also estimated that one a lot was prepared for sale, and the sale of a second seemed possible before the end of the year. The Committee approved the request by a unanimous vote. 3. Hasson Avenue Sewer Extension. The Committee recommended passage of a Council Order that will transfer $5,000 free mn e Reserve mfor Future Construction -Sewer Fund to cover the City's share of the extension of the sewer on Fusses Avenue. p. 1984 Bond Ieaue. The Finance Director Indicated to the Committee that due to sufficient resources in the capital fund and due to some of the proposed projects not getting off the drawing board this year the City would not be borrowing the $770,000 for the bond Issue previously approved by the Council. Adjourned at 3:10 p.m. a