HomeMy WebLinkAbout2006-09-12 Board of Selectmen HandoutTown of Reading, Massachusetts
Free Cash
Certified "free cash" end of year
Fiscal Fiscal Fiscal Fiscal
2003 2004 2005 2006
1,703,703 2,338,696 2,634,250 3,233,516
Water Surplus
Fund Balance certified at end of year 1,627,593 1,781,968 2,030,600 1,841,598
Sewer Surplus
Fund,Balance certified at end of year 1,087,652 1,077,249 1,140,268 952,035
Mark Rumizen
77 Gleason Road
Reading, MA 01867
EMPLOYMENT HISTORY
Federal Aviation Administration (March 1991- Present)
Burlington, MA
• Aircraft Engine Certification
• Aircraft Engine Regulatory Policy and Rulemaking
GE Aircraft Engines, Lynn, MA
(January 1981- March 1991)
• Advanced Programs/Project Engineering
• Customer Service Engineering
Pratt & Whitney Aircraft
West Palm Beach, FL
(July 1979-. Jan 1981)
• Design Engineering
• Customer Service Engineering
EDUCATION
Boston University
MBA, September 1986
State University of New York at Buffalo
BS, Civil Engineering; May 1979
PERSONAL
Boy Scouts of America, Troop 705, Reading, MA
Treasurer/Troop Committee Member
• Organized many Troop camping activities
• Participated in Town Forest Campouts
CONTACT INFORMATION
781-944-4340 (R) Rumizen6komcast.net (H)
781-238-7113 (W) mark.runi zen(Waa.,aov (W)
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APPLICATION FOR APPOINTMENT TO BOARDS/COMMITTEES/COMMISSIONS
Name: Alexander Frederick Joseph Date:_ V_Zw ~ q to b6
(Last) (First) (Middle)
Address: 172 Wakefield St.
Occupation: Computer Network Administrator
Are you a registered voter in Leading? Yes
Tel. (Home) 617-529-9752
Tel. (Work)
(Is this number listed?)
# of years in Reading: 2
e-mail address: fialexander@hotmail.com
Place a number next to your preferred position(s) (up to four choices) with #1 being your first priority.
(Attach a resume if available.)
-Advisory Council Against the Misuse
and Abuse of Alcohol, Tobacco and
Other Drugs
-Aquatics Advisory Board
-Audit Committee
-Board of Appeals
-Board of Cemetery Trustees
-Board of Health
-Board of Registrars
-Bylaw Committee
-Celebration Committee
-Cities for Climate Protection
-Commissioner of Trust Funds
-Community Planning & Development Comm.
-Conservation Commission
-Constable
-Contributory Retirement Board
-Council on Aging
-Cultural Council
Custodian of Soldier's & Sailor's Graves
^Economic Development Committee
-Finance Committee
-Historical Commission
-Housing Authority
-Human Relations Advisory Committee
-Land Bank Committee
_MBTA Advisory Committee
-Metropolitan Area Planning Council
-Mystic Valley Elder Services
Recreation Committee
_RMLD Citizens Advisory Board
-Telecommunications and Technology
Advisory Committee
-Town Forest Committee
Water, Sewer and Storm Water
Management Advisory Committee
West Street Historic District Commission
_X Otherad hoc Northside open space planning
committee
Please outline relevant experience for the position(s) sought:
I have no practical experience for this project - only a desire to help
move this project forward. I grew up in Well that had the "Book Path"
=unniag threugh the center of town Tt ;c n zaonderfulTlarP t~ bi_ka. run,
and walk. I believe a project like this would add greatly to the enjoyment
o='al-I-Lown resi-07FffLs, dM WUdtd7 OU appre'c'tat-ed fo, 6Z11ULatiULL5 to come.
0
For Immediate Release
For Further information, contact;
Nancy J. Heffernan
Treasurer
16 Lowell Street
Reading, MA 01867
Tel: (781) 942-6634
September 12, 2006
Reading $6,960,000 Bonds Garner 3.963457%, $3,701,599 Notes
Receive 3.62%
Nancy J. Heffernan, Town Treasurer, received competitive bids from bond
and note underwriters on Tuesday, September 12th for a $6,960,000 20-year
bond issue and a $3,701,599, 56-day school bond anticipation notes. Roosevelt
& Cross, Inc. was the winning bidder on the bonds with an average interest rate of
3.963457% and Piper Jaffray purchased the notes at a net interest rate of
3.6218%. The Town received a total of 5 bids on the bonds and 6 bids on the
notes. Bond proceeds will be used to finance various water and school projects.
The notes are expected to be retired with a grant from the Massachusetts School
Building Authority.
Prior to the sale Standard & Poor's and Moody's Investors Service,
municipal bond credit rating agencies, affirmed the Town's AA and Al (with a
positive outlook) long term bond ratings and assigned SP1+ and MIG1 ratings (the
highest ratings attainable) to the notes. The rating. agencies cited the Town's
strengthening financial position, revised budgeting practices implemented by the
new financial team and above average debt position moderated by self-supporting
utility debt and state school building assistance as positive factors.
The bids for the bonds and notes were accepted at the offices of the
Town's financial advisor, First Southwest Company, at 54 Canal Street in Boston.
-end-
Town of Reading, Massachusetts
$3,701,599
Bond Anticipation Notes
Sale Date:
9/12/2006
Dated Date:
9/19/2006
Delivery Date:
9/19/2006
Due Date:
2/1/2007
Days Per Year:
360
Day Count:
132
Bank Qualified:
No
First Southwest Company
Inuesiment-Eankers Since 1946
Coupon
Net
Prorata
Prorata Reoffering
Bidder
Principal
Rate
Premium
Interest
Interest
NIC
Premium
Interest Award Yield
Piper Jaffray
$3,701,599
4.50%
$11,919.15
$61,076.38
$49,157.23
3.6218%
$11,919.15
$61,076.38 $3,701,599
Banc of America
$3,701,599
4.35%
$9,820.00
$59,040.50
$49,220.50
3.6265%
Eastern Bank
$3,701,599
4.00%
$4,777.53
$54,290.12
$49,512.59
3.6480%
First Southwest Company
$3,701,599
4.25%
$7,661.07
$57,683.25
$50,022.18
3.6855%
Parker Hunter
$3,701,599
4.35%
$8,311.00
$59,040.50
$50,729.50
3.7377%
Sovereign Securities
$3,701,599
4.00%
$2,257.97
$54,290.12
$52,032.15
3.8336%
11,919.15
$61,076.38 $3,701,599
Award Totals
Weighted Average Net Interest Cost:
3.6218%
9
First Southwest Company 27954_1
FA: Peter Frazier 9/12/2006
PARITY Result Screen
12:00:23 p.m. EDST tl,pcoming Calendar Overview 11 Compare JI Summary
Bid Results
Reading (Town)
$6,960,000 General Obligation Bonds
The following bids were submitted using PARIT)O and displayed ranked by lowest TIC.
Click on the name of each bidder to see the respective bids.
Bid Award"` Bidder Name
I TIC
0 lRoosevelt & Cross. Inc.
3.963457
Q DUBS Securities. LLC
13.984405
El IMerriil Lvnch & Co.
(4.014957
Q jEastem Bank Capital Marketsl4.018765
lCorbv Capital Markets, Inc.
14.028272
Page I of I
*Awarding the Bonds to a specific bidder will provide you with the Reoffering Prices and Yields.
O 1981-2002 i-Deal LLC, All rights reserved, Trademarks
https:llwww.newissuehome.i-deaLconilParitylasp/main.asp?frame=content&page=parityR... 9/12/2006
Patriot Day, 2006
A Proclamation by the President of the United States of America
1; ien ESaanail
On the fifth anniversary of the attacks of September 11, 2001, we recall the fire
and horror at the twin towers of the World Trade Center, the Pentagon, and a
Pennsylvania field. America will always remember the thousands of innocent
lives taken by the enemies of freedom that morning.
In the face of these unspeakable attacks, we were reminded that the great
strength of America is found in the hearts and souls of our citizens. We
witnessed firefighters, police officers, other public safety officials, and ordinary
Americans demonstrate extraordinary courage, risking their lives to save
innocent victims. We saw our country united in compassion as Americans came
together to provide relief and bring hope to others.
Today, America is fighting a war that is testing our Nation's resolve. We are once
again answering history's call with confidence, and we know that freedom will
prevail. Our brave men and women in uniform have stepped forward to fight our-
enemies abroad so that we do not have to face them here at home, and we are
grateful for the courageous individuals bringing terrorists to justice around the
world.
We are also confronting the extremists in the great ideological struggle of the
21 st century. September the 11 th made clear that, in the long run, the only way
to secure our Nation is to advance liberty and democracy as the great
alternatives to repression and radicalism. By working together with our friends
and allies, we are helping spread the blessings of freedom and laying the
foundations of peace for generations to come.
The events of September 11, 2001, will always be a defining moment in our
history. We hold the victims and their families in our hearts, and we lift them up in
our prayers.
By a joint resolution approved December 18, 2001 (Public Law 107-89), the
Congress has designated September 11 of each year as "Patriot Day."
NOW, THEREFORE, I, GEORGE W. BUSH, President of the United States of
America, do hereby proclaim September 11, 2006, as Patriot Day. I call upon the
Governors of the United States and the Commonwealth of Puerto Rico, as well
as appropriate officials of all units of government, to direct that the flag be flown
at half staff on Patriot Day. I also call upon the people of the United States to
observe Patriot Day with appropriate ceremonies, activities, and remembrance
services, to display the flag at half staff from their homes on that day, and to
observe a moment of silence beginning at 8:46 a.m. eastern daylight time to
honor the innocent Americans and people from around the world who lost their
lives as a'result of the terrorist attacks of September 11, 2001.
IN WITNESS WHEREOF, I have hereunto set my hand this seventh day of
September, in the year of our Lord two thousand six, and of the Independence of
the United States of America the two hundred and thirty-first.
GEORGE W. BUSH
0
Page 1 of 1
Schena, Paula
From: bonazoli@comcast.net
Sent: Tuesday, September 12, 2006 9:28 AM
To: Schubert, Rick; Schubert, Rick; Goldy, Stephen
Cc: Schena, Paula
Subject: FW: Is Reading important to Stop and Shop?
I see you were not on the distribution.
James
Forwarded Message:
From: "Karen Herrick" <kherrick@boardwalkrealestate.com>
To: <cwanthony@ci.reading.ma.us>, <btafoya@ci.reading.ma.us>,
<jbonazoli@ci.reading.ma.us>
Subject: Is Reading important to Stop and Shop?
Date: Tue, 12 Sep 2006 02:07:44 +0000
Dear Ben, Camille, and James,
I made a rather detailed pitch to Stop and Shop before Labor Day regarding a possible donation to the
Community Playground at Wood End. I made the request by phone and in writing, explaining that this
was a wonderful way for the company to kick-off it's presence in Reading after being gone so long.
Today, I received a form letter from their Senior Director of Public Relations and Government affairs,
Faith Weiner, informing me that they have 380 stores in the area and that they would not be able to
make a contribution to this project in Reading.
Is there some other large community contribution that they have made recently that I'm not aware of?
I've been a Stop and Shop customer in N. Reading for years, and yes - I do expect any new business
coming into town to be a good citizen and contribute to local fund raising efforts.
I was very disappointed in this response and I wanted you to be aware of it. There is much concern in
town regarding large businesses coming in and taking their profits out of the community.
Thank you for your continuing efforts on behalf of the residents,
Karen Herrick.
Town Meeting Member, Precinct 8
9 Dividence Rd
9/12/2006
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