HomeMy WebLinkAbout07/14/1997 FINANCE COMMITTEE
July 14 , 1997
5 :30 p.m.
Large Conference Room
Members present : Krizek, Getty.
Members absent : Mollenhoff .
Moved by Getty, seconded by Krizek that the Agenda, as proposed, be
approved. Ayes : Two. Absent : Mollenhoff . Motion carried.
Moved by Getty, seconded by Krizek that the Minutes of July 7,
1997, as proposed, be approved. Ayes: Two. Absent : Mollenhoff .
Motion carried.
The following bids received for semi-annual EKG and x-rays for
approximately 20 fire rescue personnel were reviewed:
Covenant Allen
TB $ 7 . 50 $ 6 . 00
EKG $ 41 . 00 $43 . 50
XRAY $108 . 70 $75 . 00
RESP $ 40 . 00 $32 . 00
The EKG bid from Allen is slightly higher than Covenant, but the
chest x-rays are lower at Allen. It was the recommendation of the
Fire Chief that the bid from Allen Occupational Health be accepted.
Moved by Getty, seconded by Krizek that said recommendation be
approved. Ayes : Two. Absent : Mollenhoff . Motion carried.
The following bids received for printing of 2, 000 Fire Fighter
trading cards were reviewed:
Bidder Bid Amount
Pro Image $4, 680 . 00 (includes sponsor' s and
department' s logo
Cole Photography $5, 400 . 00 (no logos)
Digital Printing $5, 220 . 00 (no logos)
Walden' s Photography $4, 932 . 00 for 1, 000 cards (no logos)
It was the recommendation of the Fire Chief that the bid of Pro
Image in the amount of $4, 680 . 00 be accepted. Moved by Getty,
seconded by Krizek that said recommendation be approved. Ayes :
Two. Absent : Mollenhoff. Motion carried.
The request of the Finance Manager to advance $222, 093 . 38 from the
FY98 Transit Levy budgeted for this year was reviewed. The advance
will enable MET Transit to retire the remaining $261, 286 loan with
Magna Bank 11 months earlier than the scheduled retirement date .
The effect on the city is a 90 day advance, since we fund MET at
the beginning of each quarter. The cost of the advance to the city
is approximately $2, 600 in interest not earned. The advance will
result in a budgetary savings in debt interest cost of $10, 000 to
MET Transit and will greatly contribute to balancing their budget
for FY98 . Moved Getty, seconded by Krizek that said request be
approved. Ayes : Two. Absent : Mollenhoff . Motion carried.
Moved by Getty, seconded by Krizek that a garbage refund in the
amount of $30 for 161 Easton Avenue be approved. Ayes : Two.
Absent : Mollenhoff. Motion carried.
Moved by Getty, seconded by Krizek that a garbage refund in the
amount of $120 for 1030 S. Evans Road be approved. Ayes : Two.
Absent : Mollenhoff . Motion carried.
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