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