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MINUTES CONTINUED <br />5. NEW BUSINESS: - <br />NONE. <br />6. General Business: <br />6a. Regionalization: <br />The meeting began with each participant introducing him/herself including a brief <br />description of his/her professional background. BQ and CW are the newest <br />members of their respective Boards. CW also serves as the Appraiser for the <br />Town of Tewksbury. <br />FM reviewed the circumstances that led to this meeting, including the unexpected <br />resignation of Reading's head appraiser in late March and the ongoing search for <br />his replacement. Reading is in the process of converting its mass appraisal system <br />over to Patriot Properties' Assess Pro. <br />Wakefield BOA member Sebastian P. Tine was not able to attend. However, he <br />had prepared a written statement which was distributed to the meeting <br />participants. Mr. Tine opined that, "Victor Santaniello is one of the best and most <br />proficient users (of Patriot Properties' Assess Pro system) in the area." Mr. Tine <br />also wrote that he has "every confidence that Mr. Santaniello could manage both <br />Reading and Wakefield well and bring a financial savings to both towns" <br />BN then distributed some materials relative to certain feasibility studies <br />undertaken by Hamilton- Wenham and the Cape Cod Commission. These studies <br />generally concluded that the potential financial savings resulting from sharing the <br />Assessing function was rather small. <br />VS noted that Reading & Wakefield have very similar profiles. Combined, there <br />are approximately 17,000 taxable parcels divided more or less equally between <br />Reading and Wakefield. CIP is roughly 10 % in both Towns. Wakefield, unlike <br />Reading, currently employs a split tax rate. <br />Reading, Wakefield and Melrose already share the cost of certain Health <br />Department services; Wakefield and Lynnfield also share the cost of a Building <br />Inspector. Steve Mayo, Wakefield's Town Administrator, has reportedly <br />"blessed" the idea of "regionalizing" the Assessing function. <br />It is also generally understood that Melrose may eventually be willing to <br />participate with Reading & Wakefield, but not at this time. <br />