Tuesday, September 23, 2014

Council To Vote On $722,750 Bond Today

The Common Council will hold a special meeting today (Tuesday, September 22), to vote on funding for Public Works purchases.  The meeting begins at 5:30 PM in Council Chambers, there is a public hearing at the onset of the meeting.

The first ordinance would approved new borrowing by the city to purchase four large trucks and 16 other items, including filing cabinets ($2500) and leaf blowers ($1000), for a total cost of $722,750. This bond item includes within it $10,000 in legal fees.

The equipment being purchased is all considered "Capital non-recurring". Capital non-recurring expenditures are typically for those items that lead to an increased long term capability for the organization. In this case, the ordinance includes the statement, "The expected useful life of the Project is in excess of ten (10) years." 

The second ordinance under consideration would amend a bond and spending plan that was approved last October. The changes were prompted by a change in the cost of various items on the list. The major items in this bond are two large trucks, a wheel sweeper, and a payloader. The legal fees are $7,500 for this bond.

Go below the jump for detailed list of items to be purchased with the bonds.

AN ORDINANCE APPROVING THE PUBLIC WORKS DEPARTMENT CAPITAL 
NON-RECURRING PLAN FOR FISCAL YEAR 2014-2015 AND APPROPRIATING 
$722,750 FOR THE PURCHASE OF CERTAIN CAPITAL NON-RECURRING 
EQUIPMENT AND AUTHORIZING THE ISSUE OF $722,750 BONDS OF THE CITY 
TO MEET SAID APPROPRIATION AND PENDING THE ISSUANCE THEREOF THE 
MAKING OF TEMPORARY BORROWINGS FOR SUCH PURPOSE

 Two (2) International Trucks with Plows 
$350,000 
Side of Road Mower 
$65,000 
Rear Side Mower 
$20,000 
Two (2) Mason Dump Trucks (One (1) for Parks/One (1) for PW) 
$120,000 
Kubota Sander (Parks) 
$25,000 
Curb Machine 
$7,500 
Road Saw 
$6,000 
Pickup Truck 
$25,000 
Two (2) Plows 
$25,000 
Truck Body – 83H 
$5,500 
File Cabinets 
$2,500 
Leaf Machine 
$42,000 
3 pt Hitch Leaf Blower 
$5,250 
Flat Plate 
$2,000 
Jumping Jack 
$2,000 
Steel Road Plate 
$4,000 
Saws 
$5,000 
Leaf Blowers 
$1,000 
Bonding/Legal Fees 
$10,000 
TOTAL 
$722,750 

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AN ORDINANCE AMENDING AN ORDINANCE AND A RESOLUTION APPROVING THE PUBLIC WORKS DEPARTMENT CAPITAL NON-RECURRING PLAN FOR FISCAL YEAR 2013-2014 AND APPROPRIATING $750,000 FOR THE PURCHASE OF CERTAIN CAPITAL NON-RECURRING EQUIPMENT AND AUTHORIZING THE ISSUE OF $750,000 BONDS OF THE CITY TO MEET SAID APPROPRIATION AND PENDING THE ISSUANCE THEREOF THE MAKING OF TEMPORARY BORROWINGS FOR SUCH PURPOSE

Two Work Star International Model 7400 Trucks with Plow and Sander 
$339,000 
One Elgin Pelican 3 Wheel Sweeper 
$174,000 
One John Deere Model 544 Payloader 
$163,000 
One Concord Conveyor Truck Unloader 
$12,000 
Snow Plow Replacement 
$24,500 
Groundsmaster 3500-D, 25HP Diesel Mower 
$30,000 
Bonding/Legal Fees 
$7,500 
TOTAL 
$750,000 

4 comments:

  1. $2500 for filing cabinets!!!!!!!!!! What the HECK!! Doesn't out town know there are more than enough used ones around to purchase at 1/2 price???

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  2. Sure hope that is more than just two filing cabinets! The list should show how many cabinets the $2500 covers.

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  3. Disgusting why not plan for these expenditures and pay cash and not pay 10 years of interest on a depreciating asset that so t last 10 years? In the past bonding CNR was unheard of. Now the only consideration for this mayor is how to keep mill rate down by abandoning cnr .

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  4. And this dear citizens is why you should NOT approve the changes to the Charter that would give the Council more bonding power than the current level of $750,000. Can you imagine what they will do with a cool million. VOTE NO!

    ReplyDelete

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