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HomeMy WebLinkAbout2023-08-21 Finance Committee Minutes FINANCE COMMITTEE MINUTES August 21, 2023 Councilors in Attendance - Leonard, Pelletier, Tremble, Hawes, Davitt Staff in Attendance - Little, A. Huotari, A. Huotari, Theriault, Laurie 1. Consent Agenda a. Service Vehicle -Airport/GSE - Darling's Ford - $56,046 b. Service Vehicle - Fleet Services - Darling's Ford - $72,860 Motion made and seconded to approve consent agenda; motion passed unanimously. 2. Bids/Purchasing a. Maintenance/Repair Design Work— Pickering Square Garage & Columbia Street Parking Deck— Engineering —Thornton Tomasetti - $37,680 Motion made and seconded to approve contract; motion passed unanimously. b. Fifteenth/Union Street Safety Improvements — Engineering — Desuilt Consulting LLC - $81,976 Motion made and seconded to approve contract; motion passed unanimously. 3. Review of Revised Procurement Policy Finance Director Little reviewed recommended changes to the City of Bangor Procurement Policy. Specific changes related to the purchasing thresholds determining the method of receiving quotes and triggering Committee or Council approval. The changes brought the City policy back in line with Federal thresholds for grant purchasing. Director Little indicated a more thorough review is underway and additional recommendations may be brought forth at a later meeting. Motion made and seconded to recommend policy changes; motion passed unanimously. 4. Order, Authorizing Issuance of $13,339,000 of the City's General Obligations Bonds Motion made and seconded to recommend Order; motion passed unanimously. 5. Order, Authorizing a Loan in the Amount of$1,000,000 from the Maine Municipal Bond Bank State Revolving Fund Motion made and seconded to recommend Order; motion passed unanimously. Meeting adjourned — 8:10 pm