This week’s city council meeting included a package of financial matters, most notably passing a bylaw granting the city to access a $12.5 million operating line of credit.
The revolving credit facility allows the city to finance operating expenditures to keep the city liquid. The city used some of its line of credit in 2014 but none in 2013 or 2015.
Small utility write-offs
The finance department was authorized to write-off a total of $636.46 from 37 unpaid closed water utility accounts from 2013-2015.
The accounts were unpaid following the city’s collections process.
Each account had a balance of under $50.
$50-plus utility write-offs
Council authorized the finance department to write off 226 closed and unpaid water utility accounts more than $50 for a total of $76,671.51
The outstanding balances date back to 2013-2014 and were pursued by a collections company for over a year.
On the hook
Midway Auto Body won the bid to provide the city with light vehicle towing services for a three year term.
Vehicles are towed by the city for bylaw impoundment, traffic and criminal offences along with basic vehicle recovery services.
There is no budget impacts on the city with the deal since towed vehicle fees are paid by registered owners.
Sand box truck
Council approved the purchase of a new sander unit from Cubex for $392,290.73 plus GST.
Cubex won the bid for the new unit that replaces an older unit from 2001.
The truck includes a cab and chassis with a mounted gravel box/sander.