HomeMy WebLinkAbout1998-04-16 Finance Committee Minutesl r Y`~
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REA Ol ik, G, MA co Finance Committee Meeting
~ April 16, 1998
1999 14AR 30 A q' 20
The meeting convened at 6:30 p.m. in the Auditorium at the Reading Memorial High School, 62
Oakland Road, Reading, Massachusetts. Present were Chairman Jim Keigley, Vice Chainnan
Carol Grimm, FinCom Members Gerry MacDonald, Richard McDonald, Jim Francis, Nate
White, Paul Kurker and Catherine Martin. Also present were Recreation Administrator Joe
Connelly, YMCA Director Paul Gorman, Attorney Brad Latham, Town Manager Peter
Hechenbleilmer, Town Colmsel H Theodore Cohen, Finance Director Beth Klepeis and resident
Fred Van Magness.
The Town Manager reviewed responses to questions previously raised by the Finance
Committee. Gerry MacDonald asked what happens after three years, and it was noted that this is
not intended to be a permanent agreement but the three year, ten year and fifteen year time
frames referenced are important for different issues.
Jim Francis asked about the Aquatic Advisory Committee. It was noted that this is advisory to
the Board of Directors. 70% of the Board of Directors are Reading residents also.
Nate White asked what the Board of Selectmen control is. Ted Cohen noted that the Town has
the right of first refusal over any reuse or sale of the property because of the strip of land along
Arthur B. Lord Drive. He also noted that we need to meet the anti-aid amendment.
Carol Grimm asked if Nelson Burbank is on the YMCA Board (he is), and asked about diving. It
was noted that site conditions, liability costs and the ntiunber of users limit the potential demand
for diving at this site.
On motion by White seconded by MacDonald, the Finance Committee voted to recommend
Article 15 as outlined by a vote of 8-0-0.
On motion by Grimm seconded by Martin, the Finance Committee voted to recommend the
subject matter of Article 8 - Capital Improvements Program as revised - by a vote of 8-0-0.
On motion by MacDonald seconded by Francis, the Finance Committee voted to adjourm at 7:05
p.m. by a vote of 8-0-0.
Respectfully submitted,