HomeMy WebLinkAbout2002-04-17 Finance Committee MinutesFinancial Committee Meeting
April 17, 2002
The meeting convened at 7:30 p.m. in the Conference Room, at Town Hall, 16 Lowell
Street, Reading Massachusetts. Present were Finance Committee members.Richard
McDonald, Catherine Martin, Karen Epstein, Robert LeLacheur, James Francis, Chuck
Robinson, Randy Mason and Town Manager Peter Hechenbleikner.
On a motion by Catherine Martin, seconded by Robert LeLacheur, the Finance
Committee voted to approve the minutes of their March 13, 2002 meeting, as amended.
The motion was approved by a vote of 7-0-0.
7:45 PM Andrew Grimes and Mary Grimmer arrived.
On a motion by James Francis, seconded by Chuck Robinson, the Finance Committee
voted to approve the minutes of their March 25, 2002 meeting, as amended.
The motion was approved by a vote of 9-0-0.
Peter Heckenbleikner reviewed an analysis of the sale of real estate fund.
Peter Hechenbleikner reviewed an analysis of major tax increases from new
development, and their effect on capital expenditures from appropriations for FY 2003 -
( 2012. Peter used this information to develop the Capital Plan.
Peter Hechenbleikner reviewed the Capital Plan. The figures in FY 2003 reflect the
closing of the landfill.
On a motion by James Francis, seconded by Mary Grimmer, the. Finance Committee
voted to recommend Article 8, Adopting FY 2003 - 2012 Capital Improvements
Program, for the first five years only, because those years are in balance.
The motion was approved by a vote of 9-0-0.
On a motion by Andrew Grimes, seconded by Catherine Martin, the Finance Committee
voted to recommend:
Line D 15 $ 395,519
Line L8 6,971,133 A
Line M2 1,249,498 g
Line N2 3,250,571
of the fiscal year 2003 budget.
The motion was approved by a vote of 9-0-0.
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On a motion by James Francis, seconded by Chuck Robinson, the Finance Commit;ee
voted to recommend Article 4 - conf rming Question 1 vote - RMHS Schematic Design,
as written.
The motion was approved by a vote of 9-0-0.
Finance Committee - April 17, 2002
page 2
The Finance Committee will meet at the DPW garage, April 20, 2002, at 9:00 AM, to
tour the garage and the water treatment plant. The tour will end at approximately 12:00
PM.
Peter Hechenbleikner reviewed the Quarterly Budget report.
The Chairman of the School Building Committee requested a liaison from the Finance
Committee. Andrew Grimes volunteered.
On a motion by Mary Grimmer, seconded by James Francis, the Finance Committee
voted to adjourn at 9:05 PM.
The motion was approved by a vote of 9-0-0.
Respectfully submitted,
0
Recording Secretary