HomeMy WebLinkAbout1995-06-12 95-268 RESOLVE. CODNCIL ACTION
Date: 6-12-95
Item No. 95-268
Item/Subject: RESOLVE, Appropriating the Performance Credit Payment
Received free PERC to the General Fund's Reserve for Capital
Improvements
Responsible Department: City Manager
Commentary:
The City has received $74,509.19 as a rebate based on our share of the PEW
Plant's performance credits. The rebate is based on the trash tonnage
delivered from the City to the PEW plant during the last calendar year.
The attached Resolve will appropriate these funds to the General Fund's
Reserve for Capital Improvements.
After we were notified of this payment, City staff was approached by one of
our commercial haulers who requested consideration be given to sharing these
funds with commercial haulers. As the Council is aware, cosmiercial and
larger residential properties contract and separately pay for their garbage
collectionservices. The City Solicitor has indicated that the City has no
legal requirement to share this payment.
This issue was discussed with the Finance Committee which has recommended
that the City retain this payment and place it in the Reserve for Capital
Improvements. The Committee also indicated a desire to further explore the
possibility of sharing such payments in the future. The Committee generally
felt that by retaining these funds, the City could use them to benefit the
entire community.
Department Head
N
City Manager
Aeeociated Information:
Resolve
Budget Approval
/+�"Y
V
Finance Director
Legal Approval:
City Soli r
Introduced For
Passage
First Reading
page_of_
Referral
Assigned to Councilor Haldaccl June 12, 1995
95-268
CITY
OF
BANGOR
(TITLE) P00I11Pe, Appropriating the Perforeance Credit Payment
Received from PRRC to the General Fund's Reserve for Capital Improvements
BP Me City Council of W City efBan¢ov:
MWLVED.
the sem of $74,509.19 received from PRRC as the City's
sham of calendar year 1994's performance credits is hereby appropriated to
the General Fund's Reserve for Capital Improvements.
IN CITY COUNCIL
June. 12, 1995
First Reading
Referred to
Ap fate Camitte.
IT L
IN CITY COUNCIL
June 26, 1995
Passed
Councilors Cohen 6 Tyler
Abstadfidd I
[ Clyr CLERI(
95-268
E E S 0 L Y E
Appropriating the Performance Credit
aymente
ce v rom PER to —tTF- General
Fund's Reserve for Capital lmprovements.