Loading...
HomeMy WebLinkAbout2019-09-04 Finance Committee Minutes FINANCE COMMITTEE MINUTES September 4, 2019 @ 5:15 pm Councilors in Attendance: Nichols, Weston, Supica, Sprague Staff in Attendance: Cyr, Cromwell, Eyles, Courtney, Wallace, Hathaway, Cyr, Willett, Heitmann, Caruso, Little 1. Consent Agenda a. Resolve, Accepting and Appropriating WIC Nutrition Program Grant Funds Motion made and seconded to recommend passage to City Council, motion passed unanimously. 2. Bids/Purchasing a. Jet A Fuel Tank Roof Seam Repair – Airport – Amex - $29,600 Motion made and seconded to award contract to Amex, motion passed unanimously. b. Request to Waive Bid Process - Fiber Installation – Information Services - $30,662 Motion made and seconded to authorize contract for work, motion passed unanimously. c. Request to Sole Source Purchase – WEMCO Pump – WWTP – Process Distributers Inc - $30,930 Motion made and seconded to authorize purchase, motion passed unanimously. d. Road Salt – Public Works – New England Salt Co - $277,440 Motion made and seconded to recommend contract to City Council, motion passed unanimously. e. Request to Piggyback on State Contract – Police Vehicles – Darlings Ford - $186,275 Motion made and seconded to recommend purchase to City Council, motion passed unanimously. f. Parker Street Sewer Improvement – Engineering – Eastwood Contractors - $494,090 Motion made and seconded to recommend contract to City Council, motion passed unanimously. g. Union Street Resurfacing Project – Engineering - Northeast Paving Company - $631,170 Motion made and seconded to recommend contract to City Council, motion passed unanimously. 3. Discussion – 67 Lincoln Street Staff updated Committee members on the results of a meeting with Mr. Butler earlier this afternoon. Mr. Butler has now produced the engineer’s report of his proposed repair from June. He shared his plan to place crib work under the crumbling foundation and secure the foundation to prevent further deterioration and indicated that work would be complete within 30 days. Staff informed him that there would be a Council th Order placed on the Council agenda of the October 16 to address this property. If Mr. Butler secures the property to prevent deterioration to the satisfaction of the Code Officer, the Order would be to provide a release deed on the property. If those conditions were not met, the Order would be to take possession of the property. The Committee agreed to this proposal. 4. Advance Refunding Opportunity Staff provided background information related to a Bond Order that is set to appear on the Council agenda for next week related to a refunding opportunity. The City will be pursuing refunding of certain of its tax exempt general obligation bonds through the issuance of taxable refunding bonds. The total authorized will be $55 million, which approximates the amounts outstanding of the existing issues. This discussion was for informational purposes prior to the Order appearing on an agenda. More information related to the plan will be provided at the September 16, 2019 Finance Committee meeting. 5. Executive Session – Hardship Abatements (A) & (B) Motion made and seconded to enter Executive Session, motion passed unanimously. 6. Open Session – Hardship Abatements (A) & (B) Decisions Motion made and seconded to approve staff recommendation on hardship abatements (A) and (B), motion passed unanimously. Meeting adjourned 5:48 pm