HomeMy WebLinkAbout1998-02-05 Board of Selectmen Minutes Board of Selectmen Meeting
February 5, 1998
The meeting was convened at 7:30 p.m. in the Selectmen's Meeting Room, 16 Lowell Street,
Reading, Massachusetts. Present were Chairman Camille Anthony, Selectmen Dan Ensminger
and George Hines, Town Manager Peter Hechenbleikner, and the following list of interested
parties: Deirdre Hanley, Jonathan Edwards, Stephen Conners, Don Wood, Ted McIntire.
Discussion/Action Items
Approval of Sale of Bond Anticipation Notes
On motion by Hines seconded by Ensminger, the Board of Selectmen voted to approve the sale
of$2,450,000 in Bond Anticipation Notes dated February 6, 1998 and expiring July 10, 1998 to
BankBoston at a Net Interest Cost of 3.725%; and that the Board of Selectmen ratifies, confirms,
approves and adopts all actions taken by the Treasurer with respect to this sale; and that the
Board of Selectmen and the Treasurer are hereby authorized to take such action and to execute
and deliver such certificates, receipts and other documents as may be determined necessary or
convenient to carry into effect the provisions of this vote. The motion was approved by a vote of
3-0-0. The Board signed all the necessary documents.
Budge
1 The Town Manager reviewed all of the budgets and new program requests except for Police,
Animal Control and Dispatch. He noted that the budget was out of balance citing a particular
10.6% increase in the School Department budget. The Police Department budget will be
reviewed following the receipt and review of the Police Staffing and Deployment Study.
On motion by Hines seconded by Ensminger, the Board of Selectmen adjourned their meeting of
February 5, 1998 at 10:25 p.m. by a vote of 3-0-0.
Respectfully submitted,
Secretary