HomeMy WebLinkAbout2025-03-03 Finance Committee Minutes � � � �� z�i,, �f am m� �;i � � w �� �m m � Finance Committee Agenda March 3, 2025 Council Chambers, 262 Harlow St. Councilors in Attendance (Committee Members): Fish, Tremble, Deane, Beck Other Councilors in Attendance: Leonard (Online), Hawes, Pelletier, Mallar Staff in Attendance: Little, Saavedra Meeting Start: 5:15 pm 1. Bids/Purchasing a. Ground Power Unit—Airport—Aero Specialties, Inc - $52,358 Motion made and seconded to approve purchase; motion passed unanimously 2. Request for Tax Write-off Finance Director Little presented a proposal from Streamside Pines, the new owner of the Pray's Mobile Home Park. The purchase of the park included three abandoned mobile homes that had matured tax liens against them. The proposal requested that the City write-off the taxes due in exchange for the park owner to pay for the demolition and removal of the homes, making available space for new housing opportunities. Staff's recommendation was to approve the proposal. Motion made and seconded to approve staff recommendation; motion passed unanimously 3. Interim Financials— 2"d Quarter 2025 Finance Director Little presented the General Fund's 2nd Quarter financials showing revenues and expenses collected through December 31, 2024. The amounts were compared to the approved budget and any variances of more than 10% were explained, such as certain items being fully posted near the beginning or end of the fiscal year or unanticipated items. Meeting End: 5:33 pm