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HomeMy WebLinkAbout1996-03-06 Finance Committee Minutes �c Finance Co®ittee Meeting March 6, 1996 The Finance Committee met at 7:00 p.m. in the Conference Room at Town Hall. Present were Chairman Steve Blewitt, Vice Chairman Jim Keigley, FinCom members Gerry MacDonald, Carol Grimm, Rocco Nenarella, Tom Green Jr . , Catherine Martin, Town Manager Peter Hechenbleikner and Secretary Maureen Vierra . Also present were Deidre Hanley, Cherrie Dubois, Charlie Peacock, Richard MacDonald, Rachael Baumgartner, Steve Baumgartner, Joe Connelly, Tom Stohlman, John Carpenter and George Hines . Approval of Minutes: On a motion by MacDonald seconded by Nenarella the Finance Committee voted to approve the minutes of February 28 , 1996 as amended by a vote of 6/0/1 . Budget Review: Library Services The Finance Committee reviewed Items F1 and F2 . A request of additional page haus was requested in the amount of $4,792 .00 Article Review On a motion by Keigley seconded by MacDonald the Finance Committee voted to recommend the subject matter of Article 8 by a vote of 7/0/0. On a motion by Keigley seconded by MacDonald the Finance Committee voted to recommend the subject matter of Article 9 by a vote of 7/0/0. On a motion by MacDonald seconded by Keigley the Finance Committee voted to recommend the subject matter of Article 10 by a vote of 7/0/0. On a motion by MacDonald seconded by Keigley the Finance Committee voted to recommend the subject matter of Article 11 by a vote of 6/1/0. On a motion by MacDonald seconded by Grimm the Finance Committee voted to recommend the subject matter of Article 12 by a vote of 7/0/0. On a motion by MacDonald seconded by Martin the Finance kw Committee voted to recommend Article 14 in the amount of $172,000.00 by a vote of 7/0/0. 2 On a motion by Keigley seconded by Grimm the Finance Committee voted to recommend Article 15 in the amount of $500,000.00 by a vote of 7/0/0. On a motion by MacDonald seconded by Grimm the Finance Committee voted to recommend the subject matter of Article 16 by a vote of 7/0/0. On a motion by Grimm seconded by Martin the Finance Committee voted to recommend the subject matter of Article 7 (The Capital Improvement Plan) if the following changes are made to the plan: put RHMS at $2 ,000,000.00 on a debt exclusion override, include the Police Station as debt on the Capital plan, increase the cost of Coolidge from $250,000.00 to $500,000.00, include the Swimming Pool in the amount of $500,000 .00 as debt on the Capital plan and put additional 1 , 500,000.00 on a debt exclusion override. This motion was approved by a vote of 5/2/0 . On a motion by Grimm seconded by Martin the Finance Committee voted to adjourn at 11 : 00 p.m. The next meeting of the Finance Committee is scheduled for Monday March 11 , 1996 and will be held in the Town Hall Conference Room. Respectfully ssbmmiiittt✓ed, Steve Ble, t Chairman L