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HomeMy WebLinkAbout2021-07-19 Finance Committee Minutes FINANCE COMMITTEE MINUTES July 19, 2021 Councilors in Attendance: Sprague, Hawes, Fournier, Okafor, Davitt, Dubay, Nichols, Schaefer Staff in Attendance: Little, Conlow, Jarvis, Theriault, Willette, Courtney 1. Bids/Purchasing a. Capehart Fluvial Geomorphology and Stream Restoration – Engineering – C&C Lynch Excavation - $136,472 b. Request to Authorize a Lease Purchase Agreement for Golf Cars – Parks & Recreation – Five Star - $38,850 per year for five years c. Request to Authorize Lease Purchase Agreements Waive Bid Process – Telephone System Replacement – Finance – New England Communications - $36,158 per year for six years Motion made and seconded to approve/recommend consent agenda items. Motion passed unanimously. 2. Order, Authorizing a Loan in the Amount of $2,400,000 from the Maine Municipal Bond Bank State Revolving Loan Fund Motion made and seconded to recommend passage to the City Council; motion passed unanimously. 3. Order, Authorizing Issuance of $6,592,500 of the City’s General Obligation Bonds Motion made and seconded to recommend passage to the City Council; motion passed unanimously. Meeting adjourned at 6:03pm