2016-12-05 School Committee Minutes - Executive Session

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Town of Reading i� } Meeting Minutes TOWN CLERK READING. MASS. INC8R4� . Board - Committee - Commission - Council: -Nil FEB 23 h 'k .1 School Committee Date: 2016-12-05 Time: 7:00 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, Nick Boivin, Chuck Robinson, Members - Not Present: Gary Nihan Others Present: Superintendent John Doherty, Director of Finance Gail Dowd, Assistant Superintendent Craig Martin, Director of Student Services Carolyn Wilson, Board of Selectmen Chair John Halsey, 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 7:06 p.m. A. Call to Order School Committee Chair Borawski called the Executive Session to order in the Superintendent's Conference Room at 7:06 p.m. HiLyh School Construction Litigation Attorney Doneski reviewed the TLT settlement offer. He pointed out that Paragraph 9 outlines the terms of payment. The Town will receive instructions on how to transfer the funds. He went on to review the changes requested by TLT Counsel. In Paragraph 2 he requested that the words "in good funds" be added to the second line, Paragraph 3 the word "Suretys" be added to the 5th line. Mr. Doneski pointed out that there is another bonding company (XL) that would have to release consent. He said this could be done by adding a sentence at the end of the agreement or adding another page. He is confident that XL will sign off on this. The December 30th payment date was discussed. Western Surety is agreeable to receiving the lion's share of the settlement if payment is late. The will also ensure that TLT does not derail the progress. Page 1 1