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p� of NE o <br /> F Town of Reading <br /> k Meeting Minutes _ _ <br /> �e�9,rxcoa oNAC" <br /> `0 <br /> { ' <br /> FZ <br /> Board - Committee - Commission - Council: EAI- ING <br /> RMLD Citizens Advisory Board 2918 MAY _2 AN 9: 25 <br /> Date: 2018-02-28 Time: 6:30 PM <br /> Building: Reading Municipal Light Building Location: Winfred Spurr Audio Visual Room <br /> Address: 230 Ash Street Session: Open Session <br /> Purpose: General Business Version: Final <br /> Attendees: Members - Present: <br /> George Hooper, Chair (Wilmington-); Jason Small, Vice Chair (North <br /> Reading); Dennis Kelley, Secretary (Wilmington); Vivek Soni (Lynnfield) <br /> Members - Not Present: <br /> Neil Cohen (Reading) <br /> Others Present: <br /> Phillip Pacino, Board of Commissioners <br /> Hamid Jaffari, Wendy Markiewicz, Tom 011ila, Kathleen Rybak, I eldon <br /> Minutes Respectfully Submitted By: Dennis Kelley, Secretary 1 '✓ <br /> v <br /> Topics of Discussion: <br /> 1. Call Meeting to Order - G. Hooper, Chair <br /> Chair Hooper called the meeting of the Citizens' Advisory Board to order at 6:30 PM and <br /> noted that the meeting was being audio recorded. <br /> 2. Approval of Minutes - G. Hooper, Chair <br /> Materials: Draft Minutes from November 15 and January 17, 2017, meetings. <br /> Mr. Kelley made a motion that the Citizens'Advisory Board approve the minutes of the <br /> November 15, 2017, meeting and January 17, 2018, meeting both Regular and Executive <br /> Sessions, as written, seconded by Mr. Soni. Hearing no further discussion, motion <br /> carried 4:0:1 (4 in favor, 0 opposed, 1 absent). <br /> 3. General Manager's Update - H. Jaffari, Director of Engineering &Operations <br /> Handout: LED Street Light Program <br /> Mr. Jaffari represented Ms. O'Brien. Mr. Jaffari reviewed the handout outlining the <br /> progress to date on the LED Street Light Program. RMLD is in the final year of the three- <br /> year program; the project is scheduled for completion by June 30th. Total spending for <br /> this project is estimated to be $2.2m. Mr. Jaffari noted that staff would provide an <br /> analysis at the next meeting of dollar (including maintenance) and kilowatt hour savings. <br /> 4. Financial Report - FY18 Q2 - W. Markiewicz, Director of Business, Finance &Technology <br /> Materials: Financial Reports/Graphs for period ending December 31, 2017 <br /> Ms. Markiewicz reviewed the Financials for Q2 (ending December 31, 2017). <br /> • Statement of Net Assets shows that RMLD is in a strong cash position. Receivables <br /> are 93.8% current. Capital assets at $76.6m (vs. $72.9 in FY17) shows that we are <br /> Page 1 1 <br />