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HomeMy WebLinkAbout2022-03-21 Finance Committee Minutes FINANCE COMMITTEE MINUTES March 21, 2022 Councilors in Attendance: Sprague, Tremble, Yacoubagha, Okafor Staff in Attendance: Little, Laurie, O’Donnell, Caruso, LaBree, Huotari 1. Bids/Purchasing a. Sign Replacement - Airport – Sign Services - $12,861 Motion made and seconded to recommend purchase to the City Council, motion passed unanimously. b. Cemetery Maintenance – Maple Grove, Oak Grove, Pine Grove - Public Works – Thibodeau’s Lawn Care - $39,370 (3-year $119,460) Motion made and seconded to recommend contract award to the City Council, motion passed unanimously c. Cemetery Maintenance – Mt Hope – Public Works – Thibodeau’s Lawn Care - $37,100 (3-year $112,800) Motion made and seconded to recommend contract award to the City Council, motion passed unanimously d. Traffic Signal Pole Replacement – Public Works – Dagle - $32,300 Motion made and seconded to recommend purchase to the City Council, motion passed unanimously. 2. Property Disposition Update – 486 Hammond Street Staff discussed delays in the sale of 486 Hammond Street initially approved by the Council in January 2021 and recommended continuing the process with specific time limits. Motion made and seconded to recommend amended sale parameters to the City Council, motion passed unanimously. 3. Council Priorities Update City Manager Laurie updated the Committee on recent training regarding the use of ARPA funding. The training consisted of overall guidelines, eligible expenditures and prohibited uses, specifically tax reduction, debt service and reserve funding. The training information was consistent with staff and the Council’s current parameters regarding the funding. Staff will continue to monitor federal guidance and update the Council as the process continues.