HomeMy WebLinkAbout1993-04-05 Finance Committee MinutesFinance Committee Meeting
April 5, 1993 W
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The meeting convened at 7:30 p.m. in the conference room, at
16 Lowell Street, Reading, MA.
The following members were present: Chairman Richard Coco,
Gerry MacDonald, Bill Albro, Jim Keigley, Steve Blewitt and
Nate White. Also in attendance was Town Manager Peter Hechenbleikner.
On motion by Gerry MacDonald seconded by Bill Albro the committee
voted to approve the March 31, 1993 Minutes as submitted.
The motion was approved with a vote of 4-0-1 with Steve Blewitt
abstaining.
Tonights agenda consists of reviewing and voting on warrant
articles.
The Town Manager stated that there was one change in the building
maintenance area. Money had been previously cut, but the Town
Manager is putting it back in the budget. Information is to
be distributed to the committee members.
Upon discussion of article 2, the Chairman, Richard Coco is
to make a report on the financial state of the town.
Upon discussion of article 3, an attempt is being made to uncap
lottery receipts. If this is successful approximately $135,000
would be available to the town. Also, the Chapter 90 funds
have been capped, if upcapped the town could receive an additional
$815,000.
Article 4 is in regards to prior year bills and the town does not
have any.
There was no action made on article 5.
Upon reviewing article 6, the Chairman expressed his concern
with the school funding for Birch Meadow and Joshua Eaton schools.
He would like to propose to spread the monies out over the
years.
Jim Keigley stated that the estimated cost won't be the same
if the project is delayed, and that there is serious structural
damage at the Joshua Eaton School.
Joshua Eaton needs immediate renovations for the heating system
and pipe replacement on the lower level. The cost for this
work is $72,000. The total cost for the architectural and
engineering work for the Joshua Eaton School project is $310,000.
)On motion by Gerry MacDonald seconded by Bill Albro the committee
voted to recommend to amend the Capital Outlay Plan by having
the renovations authorized in fiscal year 94 and beginning
Finance Committee Meeting
April 5, 1993
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the project in fiscal year 95. The motion was approved with
a vote of 4-2=0.
Article 7 was reviewed and will be voted on at a future meeting.
Upon reviewing article 8 which consists of the construction
at the intersection of Main Street and Washington Street, this
project cost will be funded by Chapter 90 in the amount of
$270,000. With the start of this project, it will defer the
next project until a later date.
On motion by Jim Reigley seconded by Gerry MacDonald the committee
voted to accept article 8, the construction at the intersection
of Main Street and Washington Street. The motion was approved
with a vote of 6-0-0.
Article 9 - no action was needed.
On motion by Gerry MacDonald seconded by Bill Albro the committee
voted to recommend the adoption of article 11, which provides
an acceptance for 19 streets.. The motion was approved with
a vote of 6-0-0.
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Article 17, information was not ready at this time.
On motion by Gerry MacDonald seconded by Bill Albro the committee
voted to authorize the trade-ins of 3 police vehicles, one
DPW loader and one cemetery backhoe. The motion was approved
with a vote of 6-0-0.
On Wednesday, April 7, 1993 the Finance Committee will have
an executive session with the School Committee at 7:30 pm.
Also on the agenda, the Finance Committee needs to vote on
the reserve fund and review the building maintenance item.
The Finance Committee meeting adjorned at 9:05 p.m.
Respectfully submitted,
Lisa Zanni
Secretary