City of Ledyard CT header
File #: 24-0935    Version: 1 Name:
Type: Financial Business Request (FBR) Status: Agenda Ready
File created: 10/29/2024 In control: Town Council
On agenda: 11/13/2024 Final action:
Title: MOTION to transfer and appropriate $100,446 to CNR account # 21012103-53305 Revaluation from CNR account # 21090305-58915 Undesignated.

FINANCIAL BUSINESS REQUEST (FBR)

 

Motion/Request:

title

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:

(type text here)

 

 

 

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.