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HomeMy WebLinkAbout2022-02-07 Finance Committee Minutes FINANCE COMMITTEE MINUTES February 7, 2022 Councilors in Attendance: Sprague, Tremble, Okafor, Hawes, Yacoubagha, Fournier, Schaefer Staff in Attendance: Little, Laurie, Emery, Morin, Caruso 1. Consent Agenda a. Emergency Repair – Heating System – Airport – Sullivan & Merritt - $16,414 Motion made and seconded to approve consent agenda, motion passed unanimously. 2. Bids/Purchasing a. Vehicle Purchase – Airport – Quirk Auto Group - $42,082 Motion made and seconded to approve purchase, motion passed unanimously. b. Gas Line addition – Airport – ABM Mechanical - $11,500 Motion made and seconded to approve purchase, motion passed unanimously. c. City Hall Architectural & Engineering Services Contract – Engineering – CWS - $436,821 Motion made and seconded to approve contract, motion passed unanimously. 3. Solar Project Update and Extension Request Motion made and seconded to approve contract extension, motion passed unanimously. 4. Resolution of the Finance Committee Approving the Details of the 2022 SRF General Obligation Bond Issue Staff reviewed the details of the General Obligation Bond through the Maine Municipal Bond Bank’s SRF program. The program provides low rate financing for projects that met the requirements of the Clean Water Act. Motion made and seconded to approve the details of the 2022 SRF general obligation bond issue, motion passed unanimously. Meeting adjourned at 5:38 pm