HomeMy WebLinkAbout10/12/1992 FINANCE COMMITTEE
October 12, 1992
6: 30 p.m.
Large Conference Room
Members present: Chairperson Angel, Wright and Buck.
Moved by Wright, seconded by Buck that the Agenda, as proposed, be
approved. Motion carried.
The request of the Police Chief for authorization to purchase a 100
watt ultraviolet light source at a cost $355 and a heat guard-rest
stand for the light for $45 was reviewed. This equipment will be
used by the crime lab in latent fingerprint detection. Moved by
Buck, seconded by Wright that authorization to purchase said items
be approved. Motion carried.
Moved by Buck, seconded by Wright that the bills payment be
approved as contained in Schedule A918, pp. 1-24 in the amount of
$1,773,389. 05, dated October 12, 1992. Motion carried.
Bruce Meisinger, Budget Analyst, provided information relating to
the equipment and vehicle purchase list which will appear on the
City Council agenda of October 12. Mr. Meisinger stated that this
would finance items approved in the Fiscal Year 93 Budget through
the issuance of General Obligation Bonds. Although these purchases
will be added to the City' s bonded indebtedness, the bonds can be
sold at a lower interest rate than a normal lease purchase
arrangement. We anticipate negotiating with local banks for the
placement of said bonds. Committee members asked that a listing of
vehicles being replaced be provided prior to the hearing on October
26, 1992. Meisinger stated that the additional levy for these
items will be approximately 13 cents per year for three years. In
response to a question, Mr. Meisinger noted that $75,000 can be
spent per year per project on general corporate purpose projects
without the need for a referendum.
With no further business before the Committee, the meeting was
adjourned at 6 : 40 p.m.
Larry P. Burger
City Clerk/Auditor