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HomeMy WebLinkAbout2002-01-09 Finance Committee Minutes 1 Finance Committee ' Meeting Minutes ' January 9, 2002 ' Councilors Attending: Nichi Farnham, Frank Farrington, Dan Tremble, Gerry Palmer Staff Attending: Ed Barrett, Deb Cyr, Dave Pellegrino, ]onathan Daniels ' Others Attending: Angela Bilodeau , 1. Consent Agenda ' a. Council Order 02-60 Authorizing the Issuance of$35,000,000 Aggregate Principal Amount of General Obligation Pension Bonds b. Council Order 02-61 Reallocating Bond Proceeds ' c. Council Resolve 02-62 Accepting and Appropriating Grant Funds from the US Department of HUD d. Quitclaim Deed — Rockett— 53 Bowdoin Street , The Committee approved the consent agenda as presented. 2. Bids/Purchasing , a. Traffic Signal Equipment— Public Works—Ocean State Signal - $14,332 b. Sign Design and Installation — Economic Development— Bangor Neon - $12,805 ' (Pending FY03 Budget) c. Landscaping Services — Community Development/Banair Corp— Family Tree Landscape - $1,780 (FY02/03 Season) , d. Request to Waive Bid Process —Job Cost System — Public Works e. Long-Term Disability— City Wide—Jefferson Pilot- $.35/$100 Committee approved items a, c, and e. Item b and d were postponed. , 3. Request for Reduction in Bass Park Rental Rates , Angela Bilodeau of the American Red Cross presented a request for a reduction in Bass Park rental rates for its Annual MASH Blood Drive to be held Saturday, July 13, 2002. The event will not use a move in day as has been past practice and will be responsible ' for a variety of direct costs which are estimated to be in the area of $500. The Committee recommended that the Council consider such sponsorship through funding ' the civic center rate of$1,000 from the City's general fund. In order to accomplish this, these funds must be transferred from our contingency account. Committee recommended to full Council. ' ' 1 ,