Finance Committee - 4/3/2019 Page 4
Mayor Donchess
Yes come on up Treasurer Fredette.
David G. Fredette, Treasurer/Tax Collector
David Fredette, City Treasurer. The State Revolving Loan Fund works very similar to a bond. It is actually a
loan from the State and they get Federal funds for this. And in the past we have done some projects with
bonds and more with the loans because they tend to be a little less cost. The rates are very good and you
don’t start paying until the project is about 98% complete which is good. The rates are usually sometimes a
half per cent lower than a bond. So we use it a lot at the landfill and at the wastewater treatment.
Alderwoman Kelly
Thank you.
MOTION CARRIED
From: Dan Kooken, Purchasing Manager
Re: Pump Station Upgrades Project — Phase 1 Construction Services (Value: $3,469,550)
MOTION BY ALDERWOMAN KELLY TO ACCEPT, PLACE ON FILE AND, CONTINGENT UPON BOARD
OF ALDERMEN APPROVAL, AWARD THE CONTRACT TO DEFELICE CORPORATION IN THE AMOUNT
OF $3,469,550. SOURCE OF FUNDING IS DEPARTMENT 169, WASTEWATER; STATE REVOLVING
LOAN FUND
ON THE QUESTION
Mayor Donchess
Do you have anything to add beyond what you explained on the last item? | know this is directly related.
Mr. Boucher
This went out to bid, Defelice was the low bidder of the three, we checked references and the references came
back in favor of awarding the bid to Defelice. They were within the engineer's estimate of the project.
MOTION CARRIED
From: Dan Kooken, Purchasing Manager
Re: Purchase of One (1) Fairbanks Brand Pump from Hayes Pump (Value: $29,511)
MOTION BY ALDERWOMAN KELLY TO ACCEPT, PLACE ON FILE AND AUTHORIZE THE PURCHASE
FROM HAYES PUMP, INC., IN THE AMOUNT OF $29,511. FUNDS ARE AVAILABLE IN DEPARTMENT
169, WASTEWATER
ON THE QUESTION
Mayor Donchess
Mr. Boucher?
