HomeMy WebLinkAbout2024-08-19 Finance Committee Minutes �
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Finance Committee Minutes
August 19, 2024
Council Chambers, 262 Harlow St.
Councilors in Attendance (Committee Members): Tremble, Fournier, Yacoubagha,
Leonard, Deane
Other Councilors in Attendance: Hawes, Pelletier, Schaefer
Staff in Attendance: Little, O'Donnell, Huotari, Varney, Saavedra
Meeting Start: 6:10 pm
1. Bids/Purchasing
a. Waive Bid Process — Passenger Boarding Bridges & Baggage Handling Maintenance —
Airport—Vanderlande — $48,000
Motion made and seconded to approve contract; motion passed unanimously
b. Waive Bid Process — Revenue Control Equipment— Parking Lot—Airport— Cincinnati
Time Recorder of Maine — $154,183
Motion made and seconded to approve contract; motion passed unanimously
c. Deicing Fluid Type I —Airport— Inland Technologies International LTD - $510,000
(Year 1)
Motion made and seconded to recommend contract; motion passed unanimously
d. Waive Bid Process - Deicing Fluid Type IV—Airport—Ascent Aviation Group, Inc. -
$119,850 (Year 1)
Motion made and seconded to recommend contract; motion passed unanimously
e. Rock Salt— Public Works — New England Salt Co. - $66.45/ton
Motion made and seconded to recommend contract; motion passed unanimously
f. Silver Road Separation — Engineering — Eastwood Contractors - $104,410
Motion made and seconded to approve contract; motion passed unanimously
2. Order—Authorizing Maine Bureau of Highway Safety Grant
Motion made and seconded to recommend approval; motion passed unanimously
3. Order - Authorizing Issuance of $2,400,000 of the City's General Obligations Bonds
for a Public Safety Training Facility and a Tax Levy Therefor, Subject to Approval of
the Voters of the City of Bangor
Motion made and seconded to recommend approval; motion passed unanimously
4. Order—Authorizing Issuance of$4,191,000 of the City's General Obligations
Bonds for the City's FY25 Capital Improvements and a Tax Levy Therefor
Motion made and seconded to recommend approval; motion passed unanimously
5. Resolution Approving the Details of the School Revolving Renovation Fund Loan
Motion made and seconded to recommend approval; motion passed unanimously
6. General Fund Interim Financial Review— Budget to Actual - May 2024
City Finance Director, David Little provided an update of the City's Fiscal Year 2024 General Fund
revenues and expenditures compared to budget through May of 2024. Additional information was
provided for any categories off by more than 10% of the budget.
Upcoming Items(subject to change)
(Anticipated dates are subject to change)
• Abatement Policy (TBA)