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HomeMy WebLinkAbout2005-01-03 Finance Committee Minutes ' Finance Committee Meeting , Monday, January 3, 2005 / 5 p.m. City Council Chambers ' Minutes Councilors in Attendance: Cashwell, D'Errico, Farrington, Greene, Hawes, Stone, Tremble ' Staff in Attendance: Bob Dawes, Dave Little, Dave Pellegrino, Deb Cyr, Ed Barrett, Rebecca Hupp, John Hamer, Sally Bates Others in Attendance: Parke Clemmons , , The Chair called the meeting to order at 5 p.m. It was moved and voted to accept the consent agenda. ' ✓ Dump truck cab and chassis — single axle truck that is part of the equipment replacement program with motor pool: It was recommended is to accept the bid from Whited Truck Center of ' Bangor. After discussion it was moved and voted to accept this bid from Whited Truck Center, which is part of the Fleet Maintenance equipment replacement program. ' ✓ liammond Street Parking Deck— the structure of the parking area has deteriorated; Ames Corporation has been asked to provide an estimate for this project. There are no funds available for this project; however, we will utilize funds from the other parking garage account -- t we are performing clip repairs that are deteriorating. There was lengthy discussion. Sally Bates provided detailed responses to the questions raised. It was moved and voted to authorize the first two phases of the project and recommend more information be obtained for the on-site , engineering phase. ' ✓ Taking possession of property on 219 Allen Street: This is a landlocked parcel, not on Allen St. / its proximity makes it reasonable to take possession; it would become part of Maine Enterprise Park; there was discussion. It was moved and voted that possession of the property be acquired. , ✓ Past Due Accounts Receivable; Deb Cyr reported on the larger items over 90 days, including the Dept. ofTransportation items, which include 1) BAT and 2) BACT; With regard to #1: federal , monies are cleared October 1 but we invoice monthly. Smaller items will be handled through small claims court. Bangor Youth Hockey Sawyer Arena: they are currently under a payment plan. There was discussion regarding the cost of interest, the notion of incentives for these accounts to be ' paid, the overall cost of the bus system, the terms and conditions of grants we receive, write-offs, reserves, collection agency contrects, the general fund, parking tickets, and water and sewer bills. Rebecca Hupp provided an overview of the BIA A/R. There was discussion. , The meeting adjourned at 6:07 p.m. ' ' ,