Finance Committee

REPORT OF THE FINANCE COMMITTEE JANUARY 16, 2013 A meeting of the Finance Committee was held on Wednesday, January 16, 2013 at 7:00 p.m. in the Aldermanic Chamber. Alderman-at-Large Lori Wilshire, Vice Chair presided. Members of the Committee present: Alderman-at-Large Lori Wilshire, Vice Chair Alderman-at-Large David W. Deane Alderman-at-Large Barbara Pressly Alderman June M. Caron Alderman Arthur T. Craffey, Jr. Alderman Paul M. Chasse, Jr. Members not in Attendance: Mayor Donnalee Lozeau Also in Attendance: Todd Moriarty, NPD Karen Smith, NPD Chief Morrissey, NFR Deputy Chief Gallipeau, NFR Paul Garrant, Fire Commissioner John Griffin, CFO PUBLIC COMMENT Chair Wilshire Is there anyone here from the public that would like to address the committee? Seeing none. COMMUNICATIONS From: Robert Gabriel, Purchasing Manager Re: Contract Award for FY13 Ammunition Requested by Nashua Police Department (Value: $71,494) MOTION BY ALDERMAN CHASSE TO ACCEPT, PLACE ON FILE AND AWARD THE CONTRACT TO RILEY’S SPORT SHOP IN THE AMOUNT OF $71,494. FUNDS ARE AVAILABLE IN DEPARTMENT 150, POLICE DEPARTMENT, GENERAL OPERATING BUDGET FUND, 61 SUPPLIES AND MATERIALS ON THE QUESTION Chair Wilshire We have Todd Moriarty and Karen Smith from the Police Department here this evening if the Committee would like to invite them up for any questions, I'd be happy to do that. Alderman Deane Please do. Finance – 01/16/13 Page 2 Chair Wilshire Thank you for being here this evening. Alderman Deane Thank you. My question had to do with the volume of the order. Is it up, down, or the same as last year? Todd Moriarty It is approximately the same as last year. We did not increase anything this year at all. Alderman Deane So our accounts are pretty much one in the same from last year. Thank you. Alderman Pressly An article in the newspaper was very interesting and suggested that this request to do this a little bit ahead of schedule. Is this the same time you order to restock? The article suggested that because of the incident in Connecticut and the demand for ammunition that there's a run on the supply. Could you speak to that? Karen Smith This is our normal time frame. We could order at any time certainly during the fiscal year. Last year we actually ordered at this time also. There is also the fact that we are ordering this we want to make sure the demand is high so we want to make sure that we get our order in to make sure we can get our order filled. The answer would be that this is an old time frame but certainly there is a concern to make sure that we can fill our order with the high demand. Alderman Pressly Would you be willing to speak to the high demand? Is it coming from other police departments? Is it coming from private people? Do you have any idea? Karen Smith That's not anything that I would be an expert on. Just talking with the vendors and knowing that they're very busy. Alderman Pressly So the information in the article as far as you're concerned was absolutely correct? Karen Smith I can't really speak to that. I just know that the vendors are very busy when we speak to them. Of course the article is correct yes. I can say that from my communication. Alderman Pressly No I thought it was an interesting article and I just wanted to clarify it with you. Thank you. MOTION CARRIED Finance – 01/16/13 Page 3 From: Robert Gabriel, Purchasing Manager Re: Ballistic (Bulletproof) Vests Change Order (Value: $13,750) MOTION BY ALDERMAN CHASSE TO ACCEPT, PLACE ON FILE AND AUTHORIZE THE CHANGE ORDER WITH RILEY’S SPORT SHOP FOR A NET CHANGE IN AN AMOUNT NOT-TO-EXCEED $13,750. SOURCE OF FUNDING IS DEPARTMENT 150, POLICE DEPARTMENT, WITH 50 PERCENT FROM THE GENERAL FUND OPERATING BUDGET AND 50 PERCENT FROM POLICE GRANT FUNDS; 61 SUPPLIES AND MATERIALS ON THE QUESTION Alderman Deane So we have 19 vests that outdated and are going to be outdated after the 5 year; and 13 are replacement out of the 5 year replacement; and 9 are for new hires that are anticipated coming in. So none of those 13 that are retiring...are the numbers going to be one in the same? It's going to be a total of 22 replacements? So none of those 13 that are being replaced over the 5 years are people that are retiring? Karen Smith That's correct. We have 22 vests and 13 are on a replacement schedule and the balance would be for new hires. Of that, 4 were hired in December. Alderman Deane I know we go through this. I support this plan. I think people that do this for a living need protection and that's not an issue. I was just wondering. How are these sized? Is one size fit all or do they size them to different categories? Todd Moriarty Each officer is fit. They come down and they fit the officer, take measurements, several different measurements of the body and that each officer specifically are fit to their vests. So they can't be transferred from person to person. Everybody has a different size frame so they measure the several different measurements to make sure that every officer is fit and all their vital positions of their body are covered with the vest. Alderman Deane So when the 9 new hires come in, they're just going to come down - somebody from the company comes down and does all the measurements and then they go out and create the vests. Is that what's going to happen? Todd Moriarty We have the new hires for two weeks before they go to the Academy. I set up with Riley's to come down and get them set up before they leave for the Academy. Alderman Deane Okay. Thank you. Finance – 01/16/13 Page 4 Alderman Chasse Well do they do with the ones they retire? Todd Moriarty At this point we're still holding on to them and we're looking for a project to do with. Right now we still have to keep onto them because they're grant material. We have them stored right now. Chair Wilshire My understanding is they use them for training and such the retired vests. Todd Moriarty Yeah we do use them for training so officers aren't sweating in their regular vests because sweat breaks down the vests. We still are holding on to them. Alderman Chasse What happens when an officer starts pumping iron and he changes his physique? What happens there does he have to hang onto that for 5 years and wait for it to retire basically? Todd Moriarty Yes. Chair Wilshire They're all pretty physically fit over there. Alderman Pressly Just to say I support this. The vests were also mentioned in the article. The inference is that this is something new and it's not at all. Karen Smith This is nothing new. We always purchase our vests on a replacement schedule. Alderman Pressly Do you use the same vendor? Karen Smith No. We've used different vendors. This is State pricing that we're purchasing this year. Alderman Pressly Thank you. MOTION CARRIED Finance – 01/16/13 Page 5 Chair Wilshire Thank you very much for being here. Sorry I kind of jumped ahead. I appreciate you being here this evening. From: Robert Gabriel, Purchasing Manager Re: Purchase of Pierce Arrow Fire Truck Requested by Nashua Fire Rescue (Value: $506,073) MOTION BY ALDERMAN CHASSE TO ACCEPT, PLACE ON FILE AND AWARD THE CONTRACT TO PIERCE MANUFACTURING IN THE AMOUNT OF $506,073. FUNDS ARE AVAILABLE IN DEPARTMENT 152, FIRE DEPARTMENT, CAPITAL PROJECTS FUND, FIRE TRUCK REPLACEMENT ON THE QUESTION Chair Wilshire We do have Chief Morrissey, Deputy Chief Gallipeau, and Commissioner Garrant available for questions this evening. What's the Committee's pleasure? Is there questions on this? If so, I'd like to welcome any of them or all of them to come up if anyone has questions. Alderman Deane I just was wondering on the trade allowance, is there another smaller community somewhere in the State that might be interested in spending $10,500 to pick up this truck? Assistant Chief Gallipeau I'm not really sure if there's anyone in the State. All I know is that the company that we deal with they come up, they look at the apparatus, and then they give us a trade allowance on the condition, it meets its certs. and the equipment that came with the truck being on there. Alderman Deane It's a 1995 truck. Would it be able to be utilized by a smaller town somewhere in the State do you think? Is it still worthy of its original purpose even though it's aged? Assistant Chief Gallipeau Yeah in a town where it had a very small call volume where the piece of apparatus wouldn't be on the road as much as it was for the City of Nashua. A small community could get some years out of it. Alderman Deane It's too bad there's no way to look into that to help out another town. We're getting a $10,500 credit for that and it would probably be worth a lot more to a smaller town or a smaller community somewhere in the State. It would be nice if we could do that. I think we did that in the past didn't we? I think we ended up giving a truck to some community. Assistant Chief Gallipeau I believe we sold a truck. Finance – 01/16/13 Page 6 Chair Wilshire I think Chief Morrissey has more history on it. Alderman Deane Wasn't in 2004, 2005 or something like that. Chief Morrissey Yeah in the early 2000s, I think it was 2002; we actually gave the vehicle to a small town up in Vermont. What they did was they had some members up there of the department that were willing to put in some time and effort and they did a lot of rehab on the truck. It ended up because it was a 1982 truck, so it was 20 years old when it went up there. After they put in a lot of time and effort into, actually they lost the rear end and they had some problems with the transmission. They did put a lot of time and effort into it but it really didn't serve the purpose very long. I think they got about 3 years. We have looked at trying to market these to other departments. There's been departments in the State but a lot of times they have to take them in and recondition them and it costs them a significant amount of money even on a very small upfront investment cost them a lot of money to put the truck back into full service. Alderman Deane I guess that's the jeopardy you run into. So where are we with our first and second line? Does this bring us in line with the replacement schedule this purchase here? Assistant Chief Gallipeau Yes it does. Alderman Deane So with the depreciation and the CERF money are we going to be bonding more purchases in the future? Has there been any plan or any talk about that? Chief Morrissey I think CFO Griffin is here. He might be able to speak to that. Our next vehicle is out in fiscal 2015. It will be a ladder truck. That would probably in that $800,000 range like that ladder truck that we just delivered. I'm not sure but I think that originally when the CERF plan was put in place a couple of years ago back in 2009 and 2010, I think that the ladder trucks were anticipated to be bonded. This year what happened was they bonded together for the ladder truck and the pump at the same time. Alderman Deane So what you're saying then Chief is in 2015 there's going to be another bond resolution coming forward. Is there money put aside? Is there any depreciation money in the CERF account for the replacement of the next ladder? Chief Morrissey Chief Gallipeau may have a copy of the CERF schedule. All of our vehicles have money against them. I don't know how the amount goes as you get out in the out years. Finance – 01/16/13 Page 7 Alderman Deane Are they funding for depreciation anymore or just putting all the money in one big pot? I think that's what they did. Is that what they did? Do you know offhand? Chair Wilshire Could you join us Mr. Griffin. Thank you. John Griffin, CFO The CERF plan Alderman Deane does include vehicles. As Chief Morrissey indicated in the next several years there are some fire apparatus specifically the ladder trucks that right now are planned for bonding. As far as the plan of money with the CERF schedule is designed is we have identified all the vehicles - DPW, Fire, etc. and they have not only the purchase price in the particular year when they're going to be purchased whether they're going to be bonded or cash but also the replacement schedule in the out years. When you add the two together both the cash that we put in annually into the operating budget as well as the bonding, the sum of those two numbers fund the replacement of the vehicles. Alderman Deane We used to itemize all of the vehicles and then (inaudible) fund to depreciation. So it doesn't sound like that's worked out or that hasn't been with the fire trucks because they're high end expenses. If I look at a pickup truck and I see that it's got a 10 year life expectancy or whatever and it's a $10,000 truck just for round numbers, so each year I can look in that line and see that there is $1,000 places in there for depreciation so when I go out to 10 years, there's money in there so on the 10th year the cash is available to purchase a truck. John Griffin, CFO Basically instead of accumulating depreciation on an annual basis as I mentioned - let's say for example we purchased a vehicle for $10,000 in FY2013 and that had a 10 year life. That particularly cash requirement would then appear in 2023 on a replacement schedule. So it's not a case of taking the $10,000, dividing by 10 and making sure we have money each year. It's making sure we have the money in the fund in year 2023 for that particular vehicle. It's another way of looking at it but it allows the City to effectively manage the purchase of these vehicles including the fire apparatus and then determining based on the cash requirements of each year how much we need to pay in cash or bond. Alderman Deane Off the top of your head if you took the CERF schedule the way it sits now, the funding that's in there, how much are we short every year? John Griffin, CFO Your definition of short would be the amount of cash requirement minus the cash available? Alderman Deane Right. Finance – 01/16/13 Page 8 John Griffin, CFO It would be a situation as was presented back when the plan was developed as Chief Morrissey said in '09 and '10. There's not enough funds to be put into the CERF schedule to fund all of the vehicles that are shown on the CERF schedule. The longer live more expensive vehicles such as a ladder truck are bonded. That was the strategy that was put in place. It's a recognition that you either (inaudible). Alderman Deane And the bond was for 10 years? $1,400,000...15 years - equipment life span of 15 years; $900,000 for the ladder truck with an equipment life span of 20 years, and the enforcer pumper with an equipment life span of 15 years. It gives that so the bond is probably for 20 years, right? John Griffin, CFO I believe we would have bonded based on the life of the two components that's articulated in that particular document. Alderman Deane So if one has a 15 year life...so a portion of the $1.4 million was bonded for 20 years and the other portion was bonded for 15? John Griffin, CFO That's correct. That's how a bond would be sold. Alderman Deane So it sounds like we'll be bonding fire trucks from here on out then. Is that true to say that we'll be bonding fire trucks? Will we ever have enough cash to purchase one? We used to use cash before didn't we Chief Morrissey? Chief Morrissey In previous history there was funds in the CERF account and then in the Fire Department operating budget under the old system in the 68 line, we would fund sometimes over a two year period what you may call a shortfall between the cash that was available for that vehicle and the CERF account and then it would be funded potentially over two separate budget years in the 68 lines. Alderman Deane So the cash would be in the operating budget and in the CERF budget. Now the money has been taken out of the operating budget and the CERF budget obviously didn't cover the overall cost of the vehicle replacement to begin with. So now the Fire Department's budget has been reduced in that 68 line or whatever line it is today and there's still some funding in CERF but we're bonding instead. That pushes the...okay. That's all the questions I have Madam Chairman. Thank you. Alderman Pressly I totally support our purchasing this. The issue I think comes down to what type of money. I remember very clearly one of the first briefings that I received after I was elected was what a great plan they had in place to never have to bond the vehicles. They had a total plan where all of the vehicles that City needed there was going to be money placed in there on an ongoing basis so that we would always be able to pay cash for Finance – 01/16/13 Page 9 them. Something has happened. Maybe you're not the people I should be asking. What happened to that presentation where we were going to always have our vehicles paid by cash and not have to bond them? John Griffin, CFO I don't recall the presentation but when I arrived I took over for Mr. Gilbar who created the funding mechanism for the CERF which included at that time the cash to pay for the vehicles as well as certain vehicle purchases that would need to be bonded. I came in August of 2010 and that's what I was briefed on at that time and have continued with the Mayor and the Treasurer to continue to manage that fund. At that point, there was definitely a need of not only cash through CERF as well as bonding. As you may recall in our operating budget, we not only fund a certain amount annually, we try as best we can to stick with the schedule and increase that funding annually such that subject to check I believe the number for this year was around $1,375,000 and it goes up in increments. Alderman Pressly Just a further question. Is it fair to say it's sort of unrealistic to try to plan ahead and put money in there to cover these costs or is it unrealistic to suggest that that would even be possible? John Griffin, CFO Unrealistic I'm not sure I'd use that term but it's certainly the plan that allows the City to replace its vehicles on a timely basis and pay for them. My viewing of certain meetings where Board President McCarthy has indicated that in certain years there was no funding in all the CERF accounts. I think this Board and the prior Boards have recognized we need to in the operating budget fund the CERF and try to pay for as many vehicles we can as possible with cash and those that we can't as opposed to pushing out the vehicle life - extending the life and incurring additional operating and maintenance costs, we're bonding them. From an operating cost perspective, the debt service associated with the bond is covered in the operating budget. Alderman Pressly I don't mean to put you on the spot this way but it seems as though in past years they did have a system in place where they did not have to bond. Are you saying that what has changed is that they were waiting too long, they didn't have enough cash to get the vehicles when they needed them so we're stepping up the replacement time frame? What is happening? If they could do this years ago, what's with this new system that we cannot do it now? John Griffin, CFO I'm not sure what happened before my arrival but if there wasn't any funding in CERF, there wasn't any bonding other than the articulation of the Chief that they purchased ladder trucks and other fire apparatus with a combination of cash from CERF. My thought would be that they have a balance in CERF and then the remaining amount as the Chief mentioned was paired with that to buy the vehicle in the operating budget. What we've done as a City most recently in going forward is we're trying to capture with a robust vehicle replacement schedule the cost associated with that replacement and fund it through a mechanism that identifies the cash needs going forward. I'm not sure what happened before 2009 but what we're doing now is aggressively funding CERF as well as replacing the vehicles when we need to replace them based on the scheduling. Alderman Pressly Again I don't mean to put you on the spot but if in the past they had a plan whereby they could replace the vehicles at the same timeframe, get what they needed, and not bond but to have the cash and today we have to bond. I don't mean to embarrass the representatives from the Fire Department and it's not your Finance – 01/16/13 Page 10 fault I don't think, it's a choice of how we're going to manage the money. I don't know if that's worth looking into or not or where we would go to find out...I'm a firm believer in progress and new ideas but if the old way worked better than the new way, I think we have to take a look at maybe going back to the old ways. Alderman Deane I appreciate Mr. Griffin's responses and it has nothing to do with anybody but there were times when we as a Board didn't replace vehicles when the vehicles were due for replacement. Alderman Pressly Well that's the answer. Alderman Deane That's the answer. That is our answer. There are times when we did not fund CERF adequately. I'm happy to hear that Alderman McCarthy is all on board with bonding all of this stuff. That was made as part of the presentation that was given up on the third floor that night that we had that with the Mayor and other folks, Public Works people I think that were up there. There was also a time when we had tons of vehicles on there that we were never going to replace and I had met with Cindy Bielawski at the time and gone through the CERF account with her and Carol Anderson at the time. There was front loader snow blowers, these old sidewalk plows. We weren't going to be replacing those things. You had the lines and you had the money so then we went to the Public Works Department and the Fire Department had that old truck the 1940 something truck. There were certain things that had money in them and we took the money and we consolidated the money into other lines, and we took items that weren't going to be replaces. Some of them are probably still sitting at the Street Department in one of the bays down there. They're junk. It's obsolete. There's new technology and they were never going to be purchased to begin with. A lot of it had to do with financial problems we've had in the City - health insurance issue that we had. That was huge. We got money from everywhere. We had other school funding issues. It boils down to having to make some tough decisions. CERF was kind of low hanging fruit. We've caught up on a lot of the stuff. It's a hard pill to swallow to be borrowing money to pay for these things. The day you make the last payment on them is the day you're pushing them to the second string, back line, or I forget what the term is... Chief Morrissey Reserve equipment. Alderman Deane Reserve equipment and then going out to buy another one. How long is it going to take to get this? Chief Morrissey It's about a 7 month lead time. Alderman Deane Did we buy a motor for this already? Didn't we buy an extra motor? You know when the diesel requirements were changing... Chief Morrissey When we replaced either Engine 6 or Engine 3, we repurchased a motor that met the EPA - that didn't meet the new guidelines but met the then existing guidelines. Finance – 01/16/13 Page 11 Alderman Deane It went into another... Chief Morrissey It went into a vehicle and it actually saved us about $13,000 on the cost of that vehicle. Alderman Deane That's what I was thinking. Thank you. Alderman Pressly I would just like to say thank you for the explanation. I think that's very helpful. I think it is important that we replace the vehicles when they need to be replaced. Thank you for the explanation. Chair Wilshire Any further discussion? Seeing none. MOTION CARRIED From: Robert Gabriel, Purchasing Manager Re: Contract Award for Emergency Generators (Value: $47,343) MOTION BY ALDERMAN CHASSE TO ACCEPT, PLACE ON FILE AND AWARD THE CONTRACT FOR THE SMALL GENERATORS TO LIGHTNING POWER IN THE AMOUNT OF $5,175, AND AWARD THE CONTRACT FOR THE LARGE GENERATORS TO VOLVO RENTS IN THE AMOUNT OF $42,168. SOURCE OF FUNDING IS DEPARTMENT 156, EMERGENCY MANAGEMENT, EMERGENCY MANAGEMENT GRANT FUNDS, HOMELAND CRITICAL INFRASTRUCTURE ON THE QUESTION Alderman Deane I don't know. I remember when this piece of legislation came in. We have so much of this stuff. We have light towers; we have all this stuff that we purchase and park. I don't know what they're going to do with all of this. The legislation states that the purchasing generator is capable of being deployed to Daniel Webster College and other critical facilities. Daniel Webster College is getting these right? That's where they're going? That's what it says in the legislation. Chair Wilshire If Daniel Webster College had a vulnerability assessment of their campus a few years ago by DHS and became eligible for federal funding to enhance the capability of responders in Nashua. Alderman Deane So are we buying this for them? Finance – 01/16/13 Page 12 Chair Wilshire We can utilize these generators to establish a shelter when they're out of power and have a student population in place. We can use them at other spots throughout the City too if there's a need for them. Alderman Deane Some of them are rather small. There's a 65KW and a 20 KW. Those are - 20 would do a house I think. Probably not everything but it would do most everything. I'm wondering what happens to these once we buy them. Do they end up on Gilson Road? Chair Wilshire I hope not. Alderman Deane Well that's what happens with all the other stuff. It was all in the old Arlington Street fire house for a while. I think we should find out if it's being put over at the college. That's what the legislation states. It probably is. Chair Wilshire My understanding is they are being put over there. Alderman Pressly My impression in reading this was different that they would be stored someplace and they would go where needed. That was just an example of where they were needed. It had to do with size. Some of these generators are too big to transport. This was supposed to be sort of the fleet if you can call them a fleet so that they could move them quickly to the location that was in trouble and needed them in an emergency. That's my impression. Chair Wilshire Yes that's what I understand as well. Alderman Pressly I do think the question of where are these going to be stored just to make sure that they're cared for, that they don't get damaged wherever they're going to be stored. Chair Wilshire My understanding is that they're going to be stored at Daniel Webster College and utilized there because they had this vulnerability assessment and they were eligible for federal funding to enhance the capability of responders in Nashua. If they're not used there and needed somewhere else, especially the smaller ones, they can be deployed somewhere else and used. Alderman Pressly So they're not being stored they're being used there on a regular basis. Finance – 01/16/13 Page 13 Chair Wilshire When they're needed. When they need lights and such. Alderman Pressly But they're also available to take them from there to the place in most need. Is that the understanding? Chair Wilshire Right. This is through Homeland Security grant that (inaudible) had accepted. Alderman Pressly I think that makes a lot of good sense. Chair Wilshire Further discussion on this item? Seeing none. MOTION CARRIED UNFINISHED BUSINESS - None NEW BUSINESS – None DISCUSSION RECORD OF EXPENDITURES MOTION BY ALDERMAN CHASSE THAT THE FINANCE COMMITTEE HAS COMPLIED WITH THE CITY CHARTER AND ORDINANCES PERTAINING TO THE RECORD OF EXPENDITURES FOR THE PERIOD DECEMBER 29, 2012 TO JANUARY 10, 2013 ON THE QUESTION Alderman Craffey I haven't seen their record of expenditures to sign. Alderman Pressly I guess it went around the room when you came in. Chair Wilshire Any further discussion on the record of expenditures? Seeing none. MOTION CARRIED Alderman Deane I missed the discussion part. At our last meeting I brought up a $15,000 check that was cut to Darryl's Music Hall for damages that were sustained to the building during the downtown sidewalk renovation. I had Finance – 01/16/13 Page 14 stated that if it was over $10,000 that it required Finance Committee approval. I am incorrect. I misspoke. I don't want to be misleading anyone. That was not my intent. Mr. Griffin kindly sent me along Section C of 50-35, the self insurance fund, which states the self insurance fund shall be managed by the Risk Manager Office with audit and financial services provided by the Financial Services Division. Administration of the fund shall be based upon the actual determinations of the amounts needed for self insurance purposes to include a financial reserve for outstanding claims, contingencies, unforeseen expenses, random claim fluctuation, and shall also include a sufficient appropriation to provide payments for self funded commercially contract programs as the insurance needs of the city may be met from time to time. Retained earnings under General Accepted Accounting Principles shall be reviewed annually by the Risk Manager and CFO. The Risk Manager shall be authorized to...this is the important part...the Risk Manager shall be authorized to settle claims for liabilities against the City, its officers, employees or agents either before litigation or while litigation is pending by payment of sums not exceeding $15,000 per occurrence. The authorization of the Finance Committee shall be required for settlements of any such claim by payment of a sum in excess of $15,000. This claim started out with a demand of $27,365.75. Our Risk Manager Jen Deshaies I guess did some...she or one of her staff went and looked at all of the damage. I guess what happened was during the sidewalk construction, something happened. They were pressure washing and that's where they thought the water went in but then we had the rain storm and the walkthrough determined no structural damages although what appeared to be old cracks were noted. Further assessment noted that project caulking was not yet completed and more than likely the issue at hand and that the last storm had rain blowing in all sorts of directions and more than likely got under the work area and seeped into the basement. When they were pouring the concrete, they put a butyl caulking between. It's an expansion caulking that goes in between the building and the concrete itself. So when there's movement it's flexible. That hadn't been done, water had gotten into the basement, and had we settled for paying them exactly $15,000. I just wanted to correct myself. I want wrong. Thank you. Chair Wilshire Thank you Alderman Deane. PUBLIC COMMENT - None POSSIBLE NON-PUBLIC SESSION ADJOURNMENT MOTION BY ALDERMAN CRAFFEY TO ADJOURN MOTION CARRIED The Finance Committee meeting was adjourned at 7:42 p.m. Alderman Paul M. Chasse, Jr. Committee Clerk