HomeMy WebLinkAbout1999-06-28 Finance Committee MinutesFinance Committee Meeting CLEF(
June 28, 1999 \
1999 DEC -9 A 97 O b
The meeting convened at 7:30 p.m. in the Conference Room, Town Hall, 16 Lowell
Street, Reading, Massachusetts. Present were Chairman Carol Grimm, Finance
Committee Members Catherine Martin, Neil Cohen, Richard McDonald, James Francis,
Charles Robinson, Paul Kurlcer, Town Manager Peter Hechenbleil er.
On motion by McDonald seconded by Martin, Carol Grimm was nominated for the
position of Chairman for fiscal year 2000. The motion was approved by a vote of 6-0-1,
with Grimm abstaining.
On motion by Martin seconded by Francis, Richard McDonald was nominated for the
position of Vice Chairman for fiscal year 2000. McDonald was appointed by a vote of
6-0-1, with McDonald abstaining.
Carol Grimm and Catherine Martin were appointed to the Audit Committee.
The Finance Committee reviewed the Warrant for the Special Town Meeting of June 30,
1999:
Article 3 - Amending the Capital Improvements Program - On motion by Martin
1 seconded by Cohen, the Finance Committee voted to recommend the subject matter of
Article 3 as presented by a vote of 6-1-0, with Francis opposed.
Article 4 - Amending the Budget - The following votes were taken on amendments to the
FY 2000 Budget - On motion by Martin seconded by McDonald, the Finance Committee
voted to recommend the sum of $50,000 for expenses related to closure of the landfill,
with the source of funds from the sale of real estate, by a vote of 7-0-0.
On motion by Martin seconded by Francis, the Finance Committee voted to recommend
amendment to Line G1 - Police Personal Services in the amount of $10,000 by a vote of
6-1-0.
On motion by Martin seconded by Cohen, the Finance Committee voted to recommend
amendment to Line J1 - School Department - in the amount of $100,000 by a vote of 6-
1-0.
On motion by Martin seconded by Robinson, the Finance Committee voted to
recommend amendment to Line J2 - Northeast Regional Vocational School District
Assessment in the amount of $12,000 by a vote of 6-1-0.
On motion by Martin seconded by McDonald, the Finance Committee voted to
recommend amendment to Line Kl - Source of Funds Debt Service - so that $55,000
Finance Committee Meeting - June 28, 1999 - Page 2
comes from the cemetery sale of lots fund rather than from the cemetery bequest fund.
The motion was approved by a vote of 7-0-0.
Article 5 - Acquisition of Open Space on Mill Street. The Finance Committee held
discussion on the proposed acquisition and the potential for grant funding.
On motion by Martin seconded by McDonald, the Finance Committee voted to
recommend the subject matter of Article 5 in the amount of $800,000 by a vote of 5-2-0,
with Francis and Robinson opposed.
Article 7 - Gravel Rights on Grove Street - The Finance Committee discussed the
proposal to convey the gravel rights owned by the Town over property on Grove Street.
The negotiated amount was $35,000.
On motion by Francis seconded by McDonald, the Finance Committee voted to
recommend the subject matter of Article 7 in the amount of $35,000 by a vote of 6-1-0.
On motion by McDonald seconded by Cohen, the Finance Committee voted to adjourn
their meeting of June 28, 1999 by a vote of 7-0-0.
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