HomeMy WebLinkAbout2005-11-11 Finance Committee MinutesFinance Committee Meeting
November 11, 2005
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The meeting convened at 7:00 p.m. in the Reading Memorial High School Auditorium, 62
Oakland Road, Reading, Massachusetts. Present were Chairman Chuck Robinson, Finance
Committee Members Paul Bolger, David Greenfield, Hal Torman, Michele Williams and George
Hines, Assistant Town Manager Bob LeLacheur and Town Manager Peter Hechenbleikner.
Article 12 - The Town Manager noted that we had received a check in the amount of $12,000
from the Maplewood Village Developer and we could, therefore, take action under Article 12.
On motion by Torman seconded by Bober, the Finance Committee voted to recommend
the subiect matter of Article 12 by a vote of 6-0-0.
Article 5 - The Town Manager noted that in order to complete the MWRA water purchase, we
would need an additional $105,256. This money is available in the water reserves. The
remaining $3.2 million of the cost is available through previous debt authorization by Town
Meeting.
On motion by Williams seconded by Greenfield, the Finance Committee voted to
recommend under Article 5 the sum of $105,256 be paid out of water reserves by a vote of
6-0-0.
Article 3 - The Town Manager noted that in order to take action on Article 15 to acquire open
space, the Capital Improvements Program will have to have $40,000 added to it.
On motion by Torman seconded by Williams, the Finance Committee voted to recommend
that project CD-P-001 in the amount of $40,000 be added to the FY2006 - FY2015 Capital
Improvements Program. The motion was approved by a vote of 6-0-0.
On motion by Torman seconded by Williams, the Finance Committee voted to adjourn
their November 11, 2005 meeting at 7:15 p.m. by a vote of 6-0-0.
es ectfully ubmitted,
Secretary