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HomeMy WebLinkAbout2019-03-18 Finance Committee Minutes FINANCE COMMITTEE MINUTES March 18, 2019 @ 5:15 PM Councilors in Attendance: Sprague, Nichols, Weston, Nealley, Supica Staff in Attendance: Conlow, Cyr, Cromwell, Davis, Willett, Emery 1. Consent Agenda a. Workout Agreement – 1765 & 1973 Ohio Street – Sproul Motion made and seconded to approve consent agenda, motion passed unanimously. 2. Bids/Purchasing a. Cathodic Protection Systems - BIA – PCA Engineering, Inc. – $52,200 Staff reviewed the project as well as the response to and feedback from the bid protest received. Motion made and seconded to approve contract, motion passed unanimously. b. Request to Waive Bid Process – LED Streetlight purchase – Gilman Electric - $45,000 Motion to waive bid process made and seconded, motion passed unanimously. 3. Results of Solar Feasibility Study Staff reviewed the results of the recently completed solar feasibility study. The results being, a site and potential net billing accounts were identified, as well as an estimate of the level of investment (approximately $1.65 million) and resulting cost benefit (estimated payback 13 years – a point that will need to be followed up on). The Committee voted 4-1 (Nealley opposed) to have staff include the investment in the proposed FY 20 budget and to develop an RFP. This will allow the project to be reviewed by the entire City Council during the upcoming budget process as well as to begin the process for Council consideration. Jim LaBrecque spoke about the need to broaden the scope of energy savings and that solar may not be the best investment to offset environmental impacts and reduce reliance on oil. Meeting adjourned at 5:48 pm