← Appropriations & Oversight Committee · 2024-03-18 · Appropriations and Oversight Committee Meeting
ORDER-2024-24 : Requesting the Appropriation of $971,400 for the purchase of Solid Waste and Recycling Carts
Agenda original PDF
Minutes original PDF
ORDER-2024-24 Bond Requesting the Appropriation of $971,400 for the purchase of Solid Waste and Recycling Carts Ought to Pass City Council
Transcript
▶ 25:44 Ryan Williams: Thanks. I think next up we have order number 2024 dash 24, which is requesting the appropriation of $971,400 for the purchase of solid waste and recycling carts.
▶ 25:54 Speaker 10: Uh, yes. I believe you've met with Jim Troop a few times to learn about his negotiations. This order is for the request to issue the bond to cover the cost of those carts. Um, we are looking to issue a over a 10 year period. The first piece would be a, uh, bann, uh, bond anticipation note for a few months to be rolled into a nine year bond. Um, we are using, and the illustration here, we're using a 3.5%, which is very conservative. Um, and we are doing it for 10 years because, um, that is what is deemed the useful life of the carts. We can't issue for any longer than that. I'd be happy to answer any questions.
▶ 26:40 Speaker 7: Thank you. Any questions?
▶ 26:45 Speaker 7: Any Motion?
▶ 26:48 Speaker 1: Mr. Chair, I make a motion to recommend to the Vote Council.
▶ 26:53 Ryan Williams: Second. Motion to recommend made by Councilor Stewart. Seconded by chair Jamal Ladine. Uh, Mr. Clerk, please call the role
▶ 27:00 Speaker 2: Vice Chair Williams. Yes. Councillor Stewart? Yes. Councillor Reky? Yes. Councillor Hamilton? Yes. Councillor Vandiver. Yes. Councillor Romanul? Yes. Councillor Na Carro? Yes. President Elli? Yes. And Chair Jamine? Yes. That's unanimous. Nine? Yes.
▶ 27:19 Ryan Williams: Alright. That order moves forward to the full counsel. Thank you. Thank you
▶ 27:21 Speaker 10: Very much.
▶ 27:23 Ryan Williams: Okay. That concludes orders. Next we have appropriations. The first appropriation is appropriation 2024 dash 10 and appropriation from capital stabilization fund number 8 4 0 5 in the amount of $30,000 to inspection services fund number 2 41 for an emergency replacement of a vehicle. And the balance of that stabilization fund is $656,475. Um, this order was, uh, requested on behalf of the city administration for us to hold in committee while they investigate the need for it further. And so at this time, I would entertain a motion to hold this ordering committee.