Capital Equipment Reserve Fund

(CERF) - CAPITAL EQUIPMENT RESERVE FUND AGENDA FOR MEETING Date: June 24, 2010 Time: 3:30 P.M Location: Mayor’s Conference Room Attendance: Approval of minutes of the October 29, 2009 meeting STANDARD REQUESTS Requests from CERF – Nashua Police Department 2011 1. Request for transfer of $18,559.40 from line item “Police unallocated”, for IMC computer upgrade. The IMC computer upgrade is a necessary upgrade as it provides high volume dispatch option of the IMC for faster dispatch times, instantaneous updated call information and overall increase IMC performance due to fewer polls to the database. This request is contingent upon the approval of the Finance Committee. The total amount of purchase has not be determine at this time but any amount over the CERF balance will come from the Police FY 11 operating budget. Requests from CERF – Park and Recreation 2011 Request for transfer of available CERF balance to replace a 2001 Toro 14 foot mower, GM580-D W/Seat & cutter. The replacement mower has an anticipated cost of $85,000. Funding to be provided from CERF unit #01566 – 2001 GM580-D Mower (current balance is approximately $38,225.49) and from the department’s operating budget line item 552-68045 vehicles in the amount of $48,394. The current mower is currently experiencing major mechanical issues and is used heavily throughout the department. This request is contingent upon a vote of the Board of Public Works and Finance Committee in support of the purchase. Requests from CERF – School Department 2010 Request for transfer of available CERF balance(s) to replace a 1999 Ford Dump Truck, asset # 99808. The replacement vehicle will be a 2011 Ford F350 dump Truck equipped with a complete plow system (similar to one being replaced). Funding to be provided from CERF unit # 99808 Ford 350 Dump with a current balance of approximately $28,603.04 and from the department’s operating budget line item 581- 68045 vehicles in the amount of $9,030.61. Repair costs for the 1999 truck are becoming prohibitive and the truck is beyond its expected life. Requests from CERF – Street Department 2010-2011 Request for transfer of available CERF balance to replace a 1999 Cat D-5 Dozer, asset # 99132. The replacement vehicle will be a 2010 Bobcat Skid Steer with hydraulic jackhammer attachments. The Cat D-5 Dozer has an anticipated cost of $60,000 with attachments. Funding to be provided from CERF unit # 99132 Cat D-5 Dozer with a current balance of approximately $91,485.00. The intention of this purchase is to address the needs of the new emergency sewer replacement program by city employees as well as the newly instituted sidewalk removal program.  (CERF) - CAPITAL EQUIPMENT RESERVE FUND AGENDA FOR MEETING 6/24/2010 page 2 Discussion on re-organization of CERF CFO Michael Gilbar will present the CERF re-organization plan to the committee for review and approval. General Discussion if needed Motion to Adjourn