2016-11-21 School Committee Minutes - Executive Session

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4FR Town of Reading }�ECEIVEU Meeting Minutes TOWN CLERK READING. MASS. ,6356 tYCOR4�*i - Board - Committee - Commission - Council: 2011 FEB 23 P 4 School Committee Date: 2016-11-21 Time: 6:30 PM Building: School - Memorial High Location: Superintendent Conference Room Address: 82 Oakland Road Purpose: Executive Session Session: Executive Session Attendees: Members - Present: Linda Snow-Dockser, Jeanne Borawski, Elaine Webb, Chuck Robinson, Members - Not Present: Gary Nihan Others Present: Superintendent John Doherty, Director of Finance Gail Dowd, Board of Selectmen Chair - John Halsey, Town Manager Bob LeLacheur, Town Counsel Ray Miyares, Fincom Chair Mark Dockser, Attorney David Doneski Minutes Respectfully Submitted By: Linda Engelson on behalf of the Chair Topics of Discussion: Executive Session 6:30 p.m. A. Call to Order School Committee Chair Borawski called the Executive Session to order in the Superintendent's Conference Room at 6:30 p.m. High School Construction Litigation Attorney Doneski reviewed the TLT settlement offer that has gone through several modifications since the initial negotiations. The money is to be released into two accounts, one being an Attorney's account for the funds that will go to TLT from Western Surety. The second account is being determined and will be a breakdown of costs incurred for MSBA purposes. He pointed out that Paragraph 9 needs to be slightly revised to reflect the dates of payment. Mr. Doneski indicated that the non -borrowed portion (approx. $3M) can be released by December 31St. The borrowed portion language may change to after December 31St with that amount going to Western Surety. Mr. Doneski reviewed the remainder of the language. Exhibit B shows the breakdown of payment in the form of a change order. Mrs. Borawski asked about the possible third party claim and wanted to know if it was from an attorney. Page 1 1