HomeMy WebLinkAbout08/08/1988 FINANCE COMMITTEE MINUTES
August 8, 1988
6 : 30 p.m.
Large Conference Room
Members present: Chairperson Angel, Wright and Buck.
Moved by Buck, seconded by Angel that the Agenda, as proposed, be
approved. Motion carried.
The following bids were reviewed for asphalt emulsion - recycled
asphalt paving program:
Bidder Bid Amount
Elf Asphalt Products $11,980. 00
Koch Materials Co. $13,160. 00
Moved by Wright, seconded by Buck that the recommendation of the
Public Works Director to accept the low bid of Elf Asphalt
Products be approved. Motion carried.
The following bids were reviewed for roadway de-icing salt:
Bidder Bid Amount
Carey Salt $27. 96/T
Morton Salt $28.80/T
Independent Salt $28. 88/T
International Salt Co. $31. 53/T
Cargill Salt $31.77/T
American Salt Co. $33. 40/T
It was explained why the low bids were not being recommended for
approval. It was the recommendation of the Public Works Director
that the lowest qualified bid of Morton Salt of Chicago, Illinois
be accepted. This year' s roadway de-icing salt is being
purchased jointly with the City of Cedar Falls. The Waterloo
City Council will be asked at this evening' s meeting to approve a
Memorandum of Agreement between the two cities to authorize the
joint purchase of salt.
In response to questions from Committee members, it was stated
that the City of Waterloo would probably receive minimal price
advantage to bidding this product jointly. It was also explained
that the building for the storage of rock salt is under the
design stages. It was asked whether or not the 72 hour delivery
time was crucial. It was indicated that this is very important
since a supply can be depleted in a very short time frame. Also,
when there is a snow storm all entities are requiring a prompt
delivery of salt.
Moved by Buck, seconded by Wright that the Finance Committee
recommend to Council that the bid of Morton Salt of Chicago,
Illinois be approved. Motion carried.
Moved by Wright, seconded by Buck that the garbage refund for
2224 West Seventh Street in the amount of $13 . 60 be approved.
Motion carried.
Moved by Wright, seconded by Angel that the bills payment be
approved as contained in Schedule A918, pp. 1-53, totaling
$1, 379,641. 62 and Schedule W900, pp. 1-4, totaling $32,300. 27,
dated August 8, 1988. Motion carried.
With no further business before the Committee, the meeting was
adjourned.
Larry P. Burger
Clerk/Auditor