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975-17
| A | | (Res. 0345-17) | Communication | Subject: Communication from the Purchasing Agent submitting bid results from Official Notice #17-2017, Uniform/ Textile Rental Services. (Res. 0345-17)
Recommendation of the Finance & Personnel Committee on 10/09/2017: To award Official Notice #17-2017, uniform/textile rental services, to Cintas Corp, DBA G&K Services of Menomonee Falls at their bid price of $46,618.80, they being the lowest responsive, responsible bidder. This will be a (5) year contract commencing November 1, 2017 and ending on October 31, 2021.
Fiscal Note: Funds for this contract are available in the following accounts: 14010-53200, Street Maintenance Work Supplies, 70240-54200 Building Complex Repairs and Maintenance, 1500216-53210, King Center Janitorial Supplies, 1500218-53210, Tyler-Domer Center Janitorial Supplies, 1500217-53210, Bryant Center Janitorial Supplies, 153003-5410, Parks Building Maintenance and Supplies, 120-53200, Professional Supplies-Lab. | Recommended For Approval | Pass |
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950-17
| A | | Hidden Creek Condos WM Ext. Agrmt. (Res. 0346-17) | Communication | Subject: Water Main Extension Agreement for Hidden Creek Condominiums (Res. 0346-17)
Recommendation of the Racine Waterworks Commission on 9/26/17: That the Mayor and City Clerk be authorized to enter into this agreement to facilitate this project with Hidden Creek Condominiums
Recommendation of the Finance & Personnel Committee on 10/09/17: That the Mayor and City Clerk be authorized to enter into this agreement to facilitate this project with Hidden Creek Condominiums
Fiscal Note: The Racine Water Utility will be paying for the water main extension - Estimated cost is $50,000 | Recommended For Approval | Pass |
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981-17
| A | | (Direct Referral) Communication form the Finance Director requesting to have Bradley Viegut from Robert W. Baird & Co., appear before the Finance an Personnel Committee at their next scheduled meeting on Monday, October 9, 2017 to discuss refunding the C | Communication | Subject: Communication from the Finance Director requesting to have Bradley Viegut from Robert W. Baird & Co., appear before the Finance and Personnel Committee at their next scheduled meeting on Monday, October 9, 2017 to discuss refunding the City's Note Anticipation Note and other prior debt issues. (Res. 0354-17)
Recommendation of the Finance & Personnel Committee on 10/09/2017: To approve the refunding of the City’s $11,800,000 2017 Note Anticipation Notes with General Obligation Refunding Bonds maturing annually in 2018-2031. Additionally, refund portions of the City’s 2008 and 2011 General Obligation Refunding Bonds contingent on a minimum 2.0% present value savings at time of sale.
Fiscal Note: $11.8M NAN’s to be refunded with an estimated $11.165M G.O. Refunding Bonds, TIC = 2.67%. $8.515M of 2008 and 2011 G.O. refunding Bonds to be refinanced at an estimated TIC = 2.09% and present value savings of $206,855 or 2.362%. Final dollar value, TIC and present values will be determined by market conditions on date of sale and will be reported out with adoption of Final Awar | Recommended For Approval | Pass |
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