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HomeMy WebLinkAbout1995-11-13 Finance Committee Minutes L Rc , t0 CLERK Finance Committee Meeting k':ACiG, 17A5kw 5. November 13, 1995 DEC Iq 8 53 GM 'y5 The meeting was called to order at 7:25 p.m. in the auditorium of Reading Memorial High School, Reading, Massachusetts. Present were Chairman Steve Blewitt, Vice Chairman Jim Kiegley, members Carol Grimm, Gerard Vitale, Gerry MacDonald, Catherine Martin, Tom Green, Rocco Nenarella, Nathan White, Town Manager Peter Hechenbleikner. The Town Manager noted that the Water and Sewer Advisory Committee had recommended and the Board of Selectmen has further recommended an amendment to the sewer budget for this year which would reduce the line N2 in the amount of $100,000 because the MWRA expenses were less than anticipated. It would also increase the use of sewer reserves by $67,000 because there is a considerable amount of sewer reserve available. On motion by Vitale seconded by Green the Finance Committee voted to recommend to Town Meeting the amendment to line 2 to decrease1 ,/1 expenses by$100,000, and to increase the use of sewer resery0 es by $67,000. ✓�� 9- -0 7 Relative to Article 14, the Town Manager noted that the sum of$1,000 was required in order too effectuate the acquisition of this drainage easement. On motion by Blewitt seconded by Grimm the Finance Committee voted to recommend the subject matter of Article 14 in the amount of $1,000 by the vote of 8-0-1 with MacDonald abstaining. On motion by Blewitt seconded by Green the Finance Committee voted to adjourn at 7:30 p.m. by a vote of 9-0-0. Respectfully submitted, ecretary ' ��� � !