FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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MOTION to transfer and appropriate $100,446 to CNR account # 21012103-53305 Revaluation from CNR account # 21090305-58915 Undesignated.
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Background:
At it’s August 15, 2024 meeting, Town Council approved a bid waiver in the amount of $257,000 to Vision Government Solutions Inc. to perform revaluation services as required by state statute. CNR account # 21012103-53305 Revaluation has an available balance of $156,554 leaving a shortfall of $100,446.
Department Comment/Recommendation:
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Finance Director Comment/Recommendation:
CNR account # 21090305-58915 Undesignated has an available unencumbered balance of $574,830
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Mayor Comment/Recommendation:
2025 is a revaluation year, statutorily. The accepted bid is the lowest bid. I support this action.