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HomeMy WebLinkAbout1995-04-05 Finance Committee Minutes Approved as amended 5/23/95 Finance Committee Meeting April 5, 1995 The Finance Committee met at 6 :45 p.m. in the Selectmen' s Meeting Room at Town Hall. Present were Chairman Richard Coco, Vice Chairman Fred VanMagness, FinCom members Gerry MacDonald, Jim Keigley, Carol Grimm, Jerry Vitale, Town Manager Peter Hechenbleikner and Secretary Maureen Vierra. Also present were Dr. Robert Munnelly, Roberta D'Antona, Tim Twoomey, Dan Ensminger, Tom Stohlman, Joe Lupi , Rob Spadafora, Susan Cavicchi and several Reading residents. Approval of Minutes On a motion by MacDonald seconded by Vitale the minutes of March 20, 1995 were approved as amended by a vote of 5/0/0 . On a motion by MacDonald seconded by Grimm the minutes of March 22 , 1995 were approved by a vote of 5/0/0. The RMHS 2000 Committee requested the Finance Committee to reconsider their recommendation of $20,000.00 for Article 9. The Finance Committee was given an outline as to why additional funds were needed as well as estimates and outlines of services available from three architectural firms. On a motion by Keigley seconded by Grimm the Finance Committee voted to increase the recommended amount for Article 9 from $20,000.00 to $35,000.00 by a vote of 3/3/0. This motion did not pass. On a motion by VanMagness seconded by Keigley the Finance Committee voted to increase the recommended amount for Article 9 from $20 , 000.00 to $30, 000.00 by a vote of 3/3/0 . This motion did not pass. Reserve Fund Transfer Town Manager Peter Hechenbleikner requested a reserve fund transfer in the amount of $5,000 to account 041-5780. On a motion by VanMagness seconded by MacDonald the Finance Committee voted to approve the transfer by a vote of 3/2/0 . This motion did not pass. On a motion by VanMagness seconded by MacDonald the Finance Committee voted to approve Article 5 all line items on pages 16 , 17, and 18 adding Line Item D6 in the amount of $5,000.00 and increasing the credit in C3 to $55 ,000.00 by a vote of 3/2/0. This motion passed. Liaison Reports Fred VanMagness reported on the 25 Haven Street Task Force. a Two replacement members were added to the board. Wording was added to article 17 to include the date of the appraised 2 value that an 80% bid could be considered. Aggressive marketing is planned but mandatory professional marketing was not added to the Article. Town Manager Peter Hechenbleikner informed the Finance Committee on the progress of Emergency 911 service for the Town. This service is planned for September 1995. It is likely that a request for $6,700 .00 may be necessary to complete the project. On a motion by VanMagness seconded by Grimm the Finance Committee voted to Adjourn at 8 :45 p.m. by a vote of 5/0/0. The next meeting of the Finance Committee is scheduled for May 24, 1995 at 7 :30 p.m. in the Conference Room at Town Hall. Respectfully Sub fitted, Maureen Vierra Secretary