HomeMy WebLinkAbout1987-10-06 Finance Committee Minutes Finance Committee
Meeting 10/6/87
Present: Allen, Greene,Haskell,Catalfamo,MCMeniman,Burditt,Mucci
Absent: Lynce, Harrison
Meeting Called to order at 7: 35
Peter Hechenbleikner was present to request a Reserve Fund Transfer
of $8,393.93. This is to cover interest ordered by the Appellate
Tax Board in the case of a Tax appeal by Michael F. Iodice Trust &
M T Realty Trust which the town of Reading lost.
Transfer approved 7-0-0 This leaves $311,806 in Res. Fund.
Peter then presented the Fall Town Meeting Warrent for action
by the Fincom.
Article 3 - To Amend the Capital Outlay Plan, will be voted
after other Capital items in Warr4tnt are acted upon.
Article 4 - Would amend Person(ell By-Laws to allow the Selectmen
to change Classification & Compensation Plans without Town
Meeting Approval. Questions were raised about the legality of
this under the Charter. Peter will check with the Town Gonsel.
No Vote Taken
Articles 6 & 7 are dependent on Article 5 and on Union negotiations.
No Action Taken.
Article 9- Disposal of Surplus Bulldozed & Garbage Loader by DPW
Approved 6-0-0
Article 10- Disposal of Surplus School Equipment.
Approved 7-0-0
Article 11 - Transfer $6, 240. 00 from Personell Salary Acct to
Town Manager Salary Acct.
Approved 6-1-0
Article 12 - Rescission of Bond Authority for roof replacements
:At Barrows & High Schools. This is the unused portion of that
authority.
Approved 7-0-0
Article 13 - Transfer land on Longfellow Rd. from School Dept
to Selectmen.
Approved 7-0-0
Article 14 - Allow Selectmen to Sell Longfellow Rd, property to
Keenan.
Amended to add words "At no further Cost to Town" 7-0-0
APproveff 7 0-0
Article 15- To allow transfer of Land from DPW (at new Garage
Site) to Selectmen
Approved 6-0-1
/ Meeting 10/6/87 - Cont.
Article 16- To authorize Selectment to swap land at New DPW
Garage Site with John Biggio (thereby giving him access to
road over B&M R.R. ) .
Ammended to add Words 'At no further cost to town" 7-0-0
Approved 6-0-1
Article 17 - To appropiate $10,963.02 from 'Insurance Reimburament
in excess of $10,000.00 Fund" to the School Dept. Discussion
centered on the fact that this was last years loss and the
School Dept had ret'd over $20,000. to the Town so why did
they want this settlement of their loss. fifter debate
Ammended to $4,244.00 (cost of instruct, egyip only) 4-3-0
Main Motion Defeated 3-4-0
Reconsidere 6'--1-0
aI to 10,963.02 5-2-0
AAPproved (for 0,963.02) 4-3-0
Article 18 - Appropiate 05,000.00 to ventilate Main Fire Station
Approved 7-0-0
Article 19 - Fund Handicapped Access to Polling Places. Total Cost
is 23,500. Have already received $7,000 fropr Res. Fund and
$3,700 from Avail. Funds. This Motion it for $11, 800.
Approved 7-0-0
Article 23 - Increase Certain Fees Charged by Town
Approved 7-0-0
The chairman then updated the Committee on various items of r
Legislation (proposed) which might affect the towns' finances.
Mentioned were,Binding Arbitration, The Governers Medical Plan,
Extension of Medicare to all Munic. Employees (over a $100,000.
impact on Readings Budget) and several other items.
The sales of the Landfill was also briefly discussed.
DeaneHaskell brc__ht an error in the minutes of the 8/6;87
meeting to the committee. The vote on a Res. Fund Trans. % ,. y
for $6, 382.62 should have been 6-1-0.
Mr Haskell asked for a vote of the Committee to instruct a
letter. be sent to Readings State Senator, Repres., Chairman of
House Ways & Means Comm. & Senate Pres to express the committees
Opposition to pending Legislation o8 Binding Arbitration.
A roved 7-0-0.
Mr Haske 1 will draft a letter for review at the 10/13/87 meeting.
Motion to adjourn at 10:05
Approved 7-0-0 ^ (4
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Don Allen
Sec. - Pro Tem