HomeMy WebLinkAbout2014-12-08 Ad Hoc - Finance Committee Subcommittee Minutes� OFq
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Town of Reading
Meeting Minutes
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Board - Committee - Commission - Council: .. +
DING. MASS.
Ad Hoc Finance Committee Subcommittee lul4 DEC 18 A 0 24
Date: 2014 -12 -08 Time: 7:00 PM
Building: Reading Town Hall Location: Conference Room
Address: 16 Lowell Street
Purpose: General Business
Attendees: Members - Present:
Chair Mark Dockser, Paul McNeice, Peter Lydecker, and Craig Merry
Members - Not Present:
Others Present:
Town Accountant Sharon Angstrom
Minutes Respectfully Submitted By:
Topics of Discussion:
Chairman Mark Dockser called the meeting to order at 7:06 PM.
Mr. Dockser explained the third firm they interviewed has backed out due to conflict issues.
He reminded the group that the first firm would not bid, leaving them with Powers 8 Sullivan as their only
bidder.
The group discussed that Powers 8 Sullivan was a strong candidate from the start and they are all
confident they can get the job done appropriately.
Mr. Dockser reminded the group it has been 3 months since they were approved to do this investigation
and they need to get it going.
The group discussed the proposal that Powers 8 Sullivan sent over and decided they would like to add a
point of contact to the agreement, being Mr. Lydecker.
Mr. McNeice made a motion to recommend FINCOM appoint Powers 3 Sullivan to perform the
engagement as written, second by Mr. Lydecker. approved with a 4 -0-0 vote.
The group discussed the next possible time to meet, leaving it at either January 7'" or 10.
Mr. Lvdecker made a motion to approve the minutes from November 17"'. 2014 as written. second
by Mr. Many, approved with a 4 -0-0 vote.
Mr. Lydecker made a motion to approve the minutes from November 20, 2014 as written, second
by Mr. McNeice, approved with a 4 -0 -0 vote.
Mr. McNeice will present to the Reading Memorial Light Board.
Mr. McNeice made a motion to adioum. second by Mr. Merrv. and aooroved with a 4.0 -0 vote.
Respectfully submitted,
Secretary
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