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HomeMy WebLinkAbout2024-02-21 Finance Committee Minutes � � � �� z�i,, �f am m� �;i � � w �� �m m � Finance Committee Minutes February 21, 2024 Council Chambers, 262 Harlow St. Councilors in Attendance (Committee Members): Fournier, Deane, Leonard Other Councilors in Attendance: Hawes, Pelletier, Fish Staff in Attendance — Little, Huotari, Laurie, Szewczyk, Willette, Rickman Meeting Start: 5:15 pm Meeting End: 5:38 pm 1. Consent: a. Workout Agreement— Butler— 72, 181, and 424 State Street Motion made and seconded to approve consent items; motion passed unanimously. 2. Bids/Purchasing a. Golf Course Concessions — Golf— Bangor Birdies LLC - $29,500 Motion made and seconded to recommend contract; motion passed unanimously. 3. Matured Lien Policy Discussion Staff provided an update to forthcoming changes to the Matured Lien Policy. The changes are necessary to comply with changes to Maine Law which went into effect in 2023 regarding the disposal of property acquired by matured liens. Staff is working through the necessary changes and will provide a revised policy for approval at a later meeting. The Committee was also updated that a working group provided the Legislature with recommended changes to the new law which if enacted would necessitate additional changes later in the year. Upcoming Items(subject to change) (Anticipated dates are subject to change) • Procurement Policy Recommendations (TBA)