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Home My WebLink About2019-07-01 Finance Committee Packet Town of Reading Meeting Posting with Agenda 2018-07-16LAG Board -Committee -Commission -Council: Finance Committee Date: 2019-07-01Time: 7:30PM Building: Reading Town Hall Location: Conference Room Address: 16 Lowell StreetAgenda: Revised Purpose:General Business Meeting Called By:Jacquelyn LaVerde on behalf of Chair Eric Burkhart Notices and agendas are to be posted 48 hours in advance of the meetings excluding operation and make necessary arrangements to be sure your posting is made in an adequate amount of time. A listing of topics that the chair reasonably anticipates will be discussed at the meeting must be on the agenda. All Meeting Postings must be submitted in typed format; handwritten notices will notbe accepted. Topics of Discussion: FINCOM Reserve Fund transfers for FY19 FY20 meeting schedule Liaison assignments Discuss potential future meeting topics, areas of review Minutes for Approval: o March 13, 2019 o April 25, 2019 Originally posted June 25, 2019 at 2:50pm. RevisedLocation June 26, 2019. This Agenda has been prepared in advance and represents a listing of topics that the chair reasonably anticipates will be discussed at the meeting. However the agenda does not necessarily include all matters which may be taken up at this meeting. Page | 1 FINCOM FY20Meeting Schedule (All meetings are shown in bold and begin at 7:30pm held in Town Hall, unless noted) September 4 Regular Meeting September 24Deadline -SBclose Warrant for November Town Meeting(planned 9/10) September 18 Financial Forum I-Capital projects (RMHS Library 7:30pm) October 16Financial Forum II FY21Budget Guidance (RMHS Library 7:30pm) October 16FINCOM vote on any November Town Meeting Articles November 6Regular Meeting (if needed) November 12(Tues)-14(Thurs)-18(Mon)-21(Thurs) Subsequent Town Meeting December 3Town FY20Budget meetingwith Select Board December 4Town FY20Budget meetingwith Select Board December 10Town FY20Budget meetingwith Select Board December 11Town FY20Budget meetingwith Select Board December 20School Committee pre-budget presentation January 3School Committee FY20Budget meeting January 7School Committee FY20Budget meeting January 17School Committee FY20Budget meeting January 24School Committee FY20Budget meeting January 31 School budget to Town Managerper Charter February 28 Entire balanced budget to FINCOM per Charter February 25 or March 3 SB deadlineto close Warrant for April Town Meeting(depends if elections are combined) February 26FINCOM FY21Budget meeting(Town/Schools) March 4FINCOMFY21Budget meeting(Town/Schools) March 11FINCOM FY21Budget meeting(vote TM Articles) March 18 FINCOM FY21 Budget meeting (if needed) March 3 or April 7 Local elections April 27Annual Town Meeting begins June 24Regular Year-end Meeting(if needed) FINCOM FY19Meeting Schedule (All meetings are shown in bold and begin at 7:30pm held in Town Hall, unless noted) August 8Regular Meeting September 25Deadline for SBclose Warrant for November Town Meeting September 26RegularMeeting October 10Financial Forum I FY20Budget Guidance (RMHS Library 7:30pm) October 10FINCOM vote on any November Town Meeting Articles November 14Regular Meeting November 15Subsequent Town Meeting begins December 4Town FY20Budget meetingwith Select Board December 5Town FY20Budget meetingwith Select Board December 11Town FY20Budget meetingwith Select Board December 12Town FY20Budget meetingwith Select Board January 7School Committee FY20Budget meeting January 17School Committee FY20Budget meeting(Reg Day/SPED) January 24School Committee FY20Budget meeting(Public Hearing) January 28School Committee FY20Budget meeting(vote) January 31 School budget to Town Managerper Charter February 28 Entire balanced budget to FINCOM per Charter February 27FINCOM FY20 Budget meeting(Town/Schools) March 5SBdeadline to close Warrant for April Town Meeting March 6FINCOM FY20 Budget meeting(Town/Schools) March 13FINCOM FY20 Budget meeting(vote TM Articles) April 9Local elections April 22Annual Town Meeting begins June 26Regular Year-end Meeting(if needed) TOWN OF READING Finance Committee Liaisons FY19 as of 8/8/18 Name/Address/EmailTelephoneLiaison Assignments -781-325-2887(C)Permanent Building Committee 161 Belmont StreetAudit Committee ejburkhart@gmail.com --Chair781-942-7586(H)Public Services Administrative Services RMLD -617-833-0372 (C)Select Board 231 Franklin StreetLibrary& Trustees Shawn.Brandt@gmail.com -978-944-2440 (C)Select Board 519B Main StreetPermanent Building Committee danieldewar@me.com -781-670-1680 (H)Public Safety 9 Dividence Road781-640-7070 (C) Finance karenherrick@remax.netRMLD -774-319-0381(C)Schools& School Committee Library& Trustees *-19)781-872-1187(H)Audit Committee 20 Johanna Drive781-246-6994(W)Schools& School Committee pmcneice@edgewater.com Marc Moll -)781-670-9007(H)Select Board 41 Richards Road617-877-5452(W)Public Works mollmlm@gmail.com -781-944-8224(H)Schools& School Committee 40 Beaver RoadPermanent Building Committee paulajperry@gmail.comFacilities ADMINISTRATION Sharon Angstrom942-6604(W)Town Accountant sangstrom@ci.reading.ma.us John Doherty944-5800(W)Superintendent of Schools jdoherty@reading.k12.ma.us Gail Dowd944-5800(W)Chief Financial Officer, Schools Gail.Dowd@readingk12.ma.us Bob LeLacheur942-6636(W)Town Manager blelacheur@ci.reading.ma.us942-9805(H) Town of Reading Meeting Minutes 2016-09-22 LAG Board -Committee -Commission -Council: Finance Committee Date: 2019-03-13Time: 7:30PM Building: Reading Town Hall Location: Conference Room Address: 16 Lowell StreetSession: Open Session Purpose: Budget MeetingVersion: Draft Attendees:Members -Present: Chair Eric Burkhart, Vice Chair Mark Dockser, Paula Perry, Karen Herrick, Marc Moll, Anne Landry, Dan Dewar Members -Not Present: Shawn Brandt, Paul McNeice Others Present: Town Manager Bob LeLacheur, Assistant Town Manager Jean Delios, Accountant Sharon Angstrom, Administrative Services Director Matt Kraunelis, DPW Director Jane Kinsella, Assistant DPW Director Chris Cole, Fire Chief Greg Burns, Deputy Police Chief Dave Clark, Facilities Director Joe Huggins, Assistant Facilities Director Kevin Cabuzzi, School Chief Financial Officer Gail Dowd, Assistant Superintendent of Learning & Teaching Christine Kelley, Vanessa Alvarado, Barry Berman, Chuck Robinson, Linda Snow Dockser, Geoffrey Coram, RCTV Executive Director Phil Rushworth, RCTV Board President Kathi Crook, Deputy Director RCTV Angela Merrill Minutes Respectfully Submitted By:Jacquelyn LaVerde Topics of Discussion: Chair Eric Burkhart called the meeting to order at 7:35 pm and stated that the goal for and ask any remaining questions, review Enterprise Funds and Capital, and vote on the budget line items and finance related Town Meeting warrant articles. Article 10 Mr. LeLacheur reviewed article 10 which asksto establishan enterprise fund for RCTV. The budgeted amountis anticipated to be in the $550,000-$600,000range. The Town is currently in negotiations with RCTV, as the current agreement expires in May. Currently, Due to recent legislation,if this article does not pass, it is not clear if the Town will be legally allowed to st pass money along to RCTV,andPEG access could end July 1. Mr. Dewar asked what wouldhappen to the PEG funds received if the article does not pass. Mr. LeLacheur stated that it might go into the general fund or be segregated, and explained that RCTV will not be able to spend more than what is budgetedif it does pass. KathyCrook, President of the RCTV Board of Directors, stated that RCTV does not spend more money than it brings in, and expressed concern if the article does not pass, as they have staff and equipment they need to pay for, and the Town has expectations for PEG. Mr. Dockser asked if the Committee would be presented with multiple budget line items like other enterprise funds. Mr. LeLacheur asked the Finance Committee for their input on the level of detail they would like to see included. Ms. Herrick asked if RCTV was seeing an upward or downward trend in Page | 1 revenues. Phil Rushworth, RCTV Executive Director, stated the revenues are trending down. Ms. C to cable services, though the contributions received from individual subscribers has been stable. Mr. Dockser asked what other communities are doing to accommodate the new legislation. Mr. Rushworth noted that different communities are doing different things including adopting a PBS style model which relies more on sponsorship. If RCTV adopts such a model, viewers may se advertisements if funds are received from local businesses. Mr. LeLacheur plans to speak with Town Counsel to gain a better understanding of how the PEG funds would be received and paid, and whether RCTV will be able to raise funds in addition to what is budgeted through the enterprise fund. Motion by Mr. Dockser to approve Article 10 as written, seconded by Ms. Perry, and approved by a vote of 7-0-0. Enterprise Funds th s approval of Water and Sewer rates on March 12, Mr. LeLacheur provided the updates to the Committee. Water rates increased 3.7% to $10.37/HCF and sewer rates increased 8.5% to $11.03/HCF beginning next December. This increased the reserves usage to $550,000 for Water and $450,000 for Sewer. Mr. LeLacheur suggested the Finance Committee might want to create a policy on the reserve fund even though they have not had much of a role in the past, because it is a financial issue. Mr. Dockser asked if there is a portion of the reserves set aside for emergencies, for known future capital projects, and anticipated MWRA rate increases. Mr. LeLacheur stated that the budget had not changed from previously presented, and that Water and Sewer have 25-30 year long term plans. When there are emergencies, such as a water main break, they need to be fixed. Ms. Herrick asked if funds for the new water tank are coming out of the water enterprise fund. Mr. LeLacheur confirmed that they are. Capital Mr. Dockser asked if the Permanent Building Committee was able to meet all the needs in the budget. Mr. Huggins stated that the Permanent Building Committee has been performing an assessment of buildings which evaluates the exterior, grounds, building envelope, interior, finishes, and overall structure to compile a deficiency list for each building. Based on an index that rates each system on its condition, Facilities will be able to determine how and when to address a problem. Most problems can be fixed within the operating budget, and the capital budget is in good shape. Warrant Article Review and Vote Article 2: Mr. LeLacheur reminded Mr. Burkhart that he will need to prepare a Finance Committee report for Town Meeting. Article 4: Capital Improvement Program. Mr. LeLacheur stated that DPW was able to secure a $500,000 grant in FY19 for bridge repair following the approval of the budget. The line item was adjusted to $0, as the repair needs to be in the capital plan in order to accept the grant. For FY20, five items were pushed to FY21 in order to make funds available for Turf II upgrades. There were no changes to capital needs, rather rearranging of priorities. Mr. LeLacheur explained that there is not currently a request to allocate money for Birch Meadow field lighting. It is still in the future capital plan, however, there is no immediate funding. On a motion by Mr. Dockser, seconded by Ms. Perry, the Finance Committee voted 7-0-0 to recommend Article 4 to Town Meeting. Article 5: Amendments to the current ye anticipates the health insurance budget this year will have a $400,000 surplus, and would like to apply $275,000 of it to the OPEB liability. He then reviewed other changes and noted that the Public Services Department is requesting $4,000 for a sound engineer. Ms. Delios explained that this is for a sound study near one of the developments in Town as there have Page | 2 been noise complaints by the neighbors. Mr. Brandt had submitted a question in advance asking if the developer could pay for it. Mr. LeLacheur stated that the developer could, but by bringing in a neutral third party, we can be confident in the data. Ms. Perry asked if there were regulations for noise levels. Ms. Delios answered that the DEP has a standard and other communities have noise bylaws or ordinances. Reading does have a construction hours bylaw that addresses noise impacts during construction, but she will review the results with Town Counsel to assess which regulations, if any, the developer might be violating. Mr. Moll expressed concern about the potential for the developer to dispute the results and the potential of having to pay Town Counsel to help resolve this conflict. Mr. LeLacheur noted that he is hopeful that the developer will be presented with suggestions, agree to them, and not have to involve Town Counsel. On a motion by Ms. Perry, seconded by Mr. Moll, the Finance Committee voted 7-0- 0 to recommend Article 5 to Town Meeting. Article 7: Disposition of surplus. Mr. LeLacheur stated that most of the equipment will be traded in and noted that there were two items received as donations. However, they still need to be declared as surplus, and still require permission. On a motion by Ms. Perry, seconded by Ms. Herrick, the Finance Committee voted 7-0-0 to recommend Article 7 to Town Meeting. Article 8: Change the process for surplus. If passed, this would replace the current bylaw. When the general bylaw was accepted, it mirrored the state threshold of $5,000 for Town Meeting approval. This article proposes to change the bylaw to the current state limit of $10,000. If an item is below $10,000, the Select Board can approve. Ms. Herrick asked if there are checks within the organization to ensure that assets are being disposed of properly. Ms. Angstrom stated that the process is coordinated through the Procurement Office and every effort is made to get the most for our asset. On a motion by Mr. Dockser, seconded by Ms. Herrick, the Finance Committee voted 7-0-0 to recommend Article 8 to Town Meeting on the conditional premise that the Select Board adopts written policy for disposal of surplus prior to Town Meeting. Article 9: OPEB contributions. Mr. LeLacheur stated that the total contribution is budgeted at $850,000, including current OPEB liability is $64 million and is 62% funded. On a motion by Ms. Herrick, seconded by Ms. Landry, the Finance Committee voted 7-0-0 to recommend Article 9 to Town Meeting. Article 12: Expenditure limits. Mr. LeLacheur stated that there were no recommended changes from last year. Mr. Dockser asked if $225,000 was enough for the Building Inspections Revolving Fund and said he would be inclined to increase it to $250,000. Mr. LeLacheur agreed there would be no harm in increasing the revolving fund limit to $250,000. On a motion by Mr. Dockser, seconded by Mr. Moll, the Finance Committee voted 7- 0-0 to recommend Article 12 to Town Meeting with an increase of $250,000 for the Inspections Expenditure Revolving Fund. Article 13: Annual housing allocation plan. Mr. LeLacheur noted that there is a Select Board subcommittee that might change this in the future. On a motion by Ms. Perry, seconded by Ms. Herrick, the Finance Committee voted 7-0-0 to recommend Article 13 to Town Meeting. Page | 3 Article 14: Authorization for extended contracts: Mr. LeLacheur stated that Town Meeting needs to give permission to allow him and the Superintendent of Schools to negotiate contracts longer than three, but less than six years, to get a better price. On a motion by Ms. Perry, seconded by Ms. Landry, the Finance Committee voted 7-0-0 to recommend Article 14 to Town Meeting. Article 15: Turf II improvements. Mr. LeLacheur reviewed the project and Ms. Dowd noted that the project will go out to bid with different pricing options. The Committee briefly discussed whether to borrow the funds, or supplement the project with free cash. Mr. th LeLacheur noted that they could make their final decision at the meeting on April 11. On a motion by Mr. Dockser, seconded by Ms. Perry, the Finance Committee voted 7-0-0 to recommend Article 15 to Town Meeting. Article 17: Auburn Street Water Tank. Mr. LeLacheur stated that the funds for the tank replacement will be absorbed by the Water Enterprise Fund. On a motion by Mr. Moll, seconded by Mr. Dockser, the Finance Committee voted 7- 0-0 to recommend Article 17 to Town Meeting. Article 18: Grove Street water main improvements. Mr. LeLacheur noted that this is to resolve an issue that was caused when the Town shifted to MWRA. Mr. Moll asked if there was any type of insurance policy available to protect the Town should something catastrophic happen. Mr. LeLacheur noted that he would speak with the Business Administrator, as she is familiar with insurance products MIIA has to offer. On a motion by Mr. Dockser, seconded by Ms. Perry, the Finance Committee voted 7-0-0 to recommend Article 18 to Town Meeting. Article 19: Accept Chapter 90 funds from the state for highway projects. Mr. LeLacheur noted that the Town adds $400,000 to this funding through capital planning. On a motion by Ms. Perry, seconded by Mr. Moll, the Finance Committee voted 7-0- 0 to recommend Article 19 to Town Meeting. Vote on Budget Line Items Motion by Mr. Dockser to approve line B99 Benefits in the amount of $18,139,050, seconded by Ms. Perry, and approved by a vote of 7-0-0. Motion by Ms. Perry to approve line C99 Capital in the amount of $2,599,500, seconded by Ms. Herrick, and approved by a vote of 7-0-0. Motion by Ms. Herrick to approve line D99 Debt Service in the amount of $5,248,414, seconded by Mr. Moll, and approved by a vote of 7-0-0. Motion by Mr. Moll to approve line E99 Education Vocational in the amount of $452,400, seconded by Ms. Landry, and approved by a vote of 7-0-0. Motion by Ms. Landry to approve line F99 Finance Committee Reserves in the amount of $200,000, seconded by Ms. Herrick, and approved by a vote of 7-0-0. Motion by Mr. Dewar to approve line G91 Administrative Services wages in the amount of $1,472,300, seconded by Mr. Burkhart, and approved by a vote of 7-0-0. Motion by Mr. Burkhart to approve line G92 Administrative Services Expenses in the amount of $1,512,700, seconded by Mr. Dockser, and approved by a vote of 7- 0-0. Page | 4 Motion by Mr. Dockser to approve line H91 Public Services Wages in the amount of $1,500,275, seconded by Ms. Perry, and approved by a vote of 7-0-0. Motion by Ms. Perry to approve line H92 Public Services Expenses in the amount of $355,750, seconded by Ms. Herrick, and approved by a vote of 7-0-0. Motion by Ms. Herrick to approve line I91 Finance Wages in the amount of $759,625, seconded by Mr. Moll, and approved by a vote of 7-0-0. Motion by Mr. Moll to approve line I92 Finance Expenses in the amount of $158,050, seconded by Ms. Landry, and approved by a vote of 7-0-0. Motion by Ms. Landry to approve line J91 Public Safety Wages in the amount of $11,217,400, seconded by Mr. Dewar, and approved by a vote of 7-0-0. Motion by Mr. Dewar to approve line J92 Public Safety Expenses in the amount of $522,750, seconded by Mr. Burkhart, and approved by a vote of 7-0-0. Motion by Mr. Burkhart to approve line K91 Public Works Wages in the amount of $2,725,275, seconded by Mr. Dockser, and approved by a vote of 7-0-0. Motion by Mr. Dockser to approve line K92 Public Works Expenses in the amount of $857,425, seconded by Ms. Perry, and approved by a vote of 7-0-0. Motion by Ms. Perry to approve line K93 Public Works Snow & Ice in the amount of $675,000, seconded by Ms. Herrick, and approved by a vote of 7-0-0. Motion by Ms. Herrick to approve line K94 Public Works Street Lights in the amount of $164,800, seconded by Mr. Moll, and approved by a vote of 7-0-0. Motion by Mr. Moll to approve line K95 Public Works Rubbish in the amount of $1,693,725, seconded by Ms. Landry, and approved by a vote of 7-0-0. Motion by Ms. Landry to approve line L91 Library Wages in the amount of $1,390,575, seconded by Mr. Dewar, and approved by a vote of 7-0-0. Motion by Mr. Dewar to approve line L92 Library Expenses in the amount of $370,900, seconded by Mr. Burkhart, and approved by a vote of 7-0-0. Motion by Mr. Burkhart to approve line M91 Core Facilities in the amount of $3,117,445, seconded by Mr. Dockser, and approved by a vote of 7-0-0. Motion by Mr. Dockser to approve line M92 Town Buildings in the amount of $334,800, seconded by Ms. Perry, and approved by a vote of 7-0-0. Motion by Ms. Perry to approve line U99 School Department in the amount of $46,767,348, seconded by Ms. Herrick, and approved by a vote of 7-0-0. Mr. LeLacheur confirmed that this figure reflects the $300,000 adjustment reallocated from the original proposed Health Insurance budget. Motion by Ms. Herrick to approve line W99 Water Enterprise Fund in the amount of $6,635,925, seconded by Mr. Moll, and approved by a vote of 7-0-0. Motion by Mr. Moll to approve line X99 Sewer Enterprise Fund in the amount of $7,074,575, seconded by Ms. Landry, and approved by a vote of 7-0-0. Motion by Ms. Landry to approve line Y99 Storm Water Enterprise Fund in the amount of $485,800, seconded by Mr. Dewar, and approved by a vote of 7-0-0. Page | 5 Mr. LeLacheur added that line Z99 will be added if the Cable TV Enterprise Fund (Article 10) is approved at Town Meeting. Status Reports on Warrant Articles at Town Meeting Mr. Burkhart assigned each member to give a status report for each article at Town Meeting: Mr. Dockser articles 4, 13, and 21; Ms. Perry 5, 14, and 22; Ms. Landry 7, and 17; Ms. Herrick 8, 15, and 23; Mr. Moll 9 and 16; Mr. Brandt 10 and 19; Mr. Dewar 11 and 18; and Mr. Burkhart 12 and 20, in addition to article 2. Minutes On a motion by Mr. Moll, seconded by Mr. Dockser, the meeting minutes from March 6, 2019 were approved as amended by a vote of 7-0-0. Mr. Burkhart reminded the Committee that the next meeting would be a joint executive th session with the Select Board and School Committee on Thursday, April 14 at 6:00 pm, where the topic will be building security. There should be enough members in attendance to vote on articles 16, 21, 22, and 23 at that time. He then thanked the Committee for all their attention, hard work, and attendance at Select Board and School Committee budget meetings during this budget process. On a motion by Ms. Perry, seconded by Mr. Moll, the Finance Committee voted 7-0- 0 to adjourn the meeting at 10:04pm. Page | 6 Town of Reading Meeting Minutes 2016-09-22 LAG Board -Committee -Commission -Council: Finance Committee Date: 2019-04-25Time: 7:00PM Building: School - Memorial HighLocation: Performing Arts Center Address: 62 Oakland RoadSession: Open Session Purpose: General BusinessVersion: Attendees:Members -Present: Chair Eric Burkhart, Vice Chair Paula Perry,Shawn Brandt,Dan Dewar, Karen Herrick Members -Not Present: Marc Moll, Paul McNeice Others Present: Town Manager Bob LeLacheur Minutes Respectfully Submitted By:Bob LeLacheur Topics of Discussion: Chair Burkhart called the meeting to order at 7pm, and explained that FINCOM was also posted next Monday night at 7pm in case they did not complete their work tonight. Town Manager LeLacheur explained that four Articles still need to be reviewed by FINCOM and voted on, including Building Security (#16) and three real estate articles (#21-23). He began by mentioning that four FINCOM members present had attended a session on building security, and that he would try to catch up with Paula Perry, Marc Moll, and Paul McNeice as ispossible. Given that he thought a focus on the three real estate articles tonight and then the building security one on Monday might be best. Town Manager handed out and reviewed a draft presentation on the three real estate articles (with one more pieceof information expected next week). He explained that he was going to request that the Moderator place all three Articles on the floor at the same time, he was about to review was discussed in a Select Board Executive Session, with himself and Town Counsel present. The Select Board voted to authorize him to offer to buy all three parcels. The presentation reviewed the general details of each parcel. Article 21 was about 13 acres of wetlands in Timberneck Swamp, and CONSCOM had expressed a strong interest in adding that as they own all surrounding parcels. A donation could have been made directly to CONSCOM, but the owner preferred to sell the parcel to the Town, to make that a two-step process. The Select Board will meet with CONSCOM to review a couple of parcels in the future. The Town Manager has offered $25,000 for this parcel, but the Town does not have a purchase & sale agreement as the owner is in Florida for the winter, returning shortly. Articles 22 and 23 have the same owner. Article 23 is similar to the Timberneck parcel in that it is wetlands, surroundedby some CONSCOM land and some privately-owned land. The Town Manager has also offered $25,000 for this parcel, and the owners have agreed Page | 1 contingent upon Article 22 passing. The Select Board will use a public process that involves both CONSCOM and the Trails Committee, as there seems an opportunity for passive recreation (linked boardwalk trails). There are purchase and sale agreements for both parcels in Article 22 and 23. Article 22 is more complex. There is a difference in value, reached through an independent appraisal paid for by the town a couple of years ago, based on the need for an easement from the Town for this parcel. With the easement the parcel is appraised at $1.3 million; without it is only $76,000. The parcel is a mix of wetlands and buildable land. The Town used an RFP process, and the owners offered to sell at $750,000, which the Town Manager was authorized to negotiate and that figure is in the purchase & sale agreement. He explained that the Select Board would use a public process to determine the use of this parcel that would likely involve CONSCOM for the wetlands portion and Recreation/Athletics for the buildable portion. Any decision that needed funding would come back to Town Meeting. FINCOM asked several questions about the appraisal, and the condition of the land. They agreed that this was a good opportunity to acquire open space and possible recreation space. The Town Manager and FINCOM briefly discussed the building security article, and it was agreed they could see the presentation planned for Monday at some point in advance on Monday. They also agreed to meet on Monday night as planned in order to vote on all of these articles. The Town Manager requested their feedback and questions on all of the material covered. FINCOM agreed that having all three real estate articles on the floor at once would make for a better discussion. On a motion by Paula Perry, seconded by Karen Herrick, FINCOM voted to adjourn at 7:30pm Page | 2