HomeMy WebLinkAbout1997-04-23 Finance Committee MinutesRECEIVED
'TONVIj CLERK
RENDING, MASS'
Finance Committee Meeting 9
luY ~'J 04 ~ ; t~1
April 23, 1997
The Finance Committee met at 7:30 p.m. in the Conference Room at Town Hall. Present were
Chairman Steve Blewitt, Vice Chairman Jim Keigley, FinCom members Gerry MacDonald, Rocco
Nenarella, Nate White, Catherine Martin, Richard McDonald, Carol Grimm, Town Manager Peter
Hechenbleikner and Secretary Maureen Vierra. Also present were Harry Harutunian, Richard
Radville, Russell Graham, Robin D'Antona, Sue Cavicchi, Dan Ensminger, Margaret Cowell and
Tom Stohlman.
Approval of Minutes:
On a motion by Keigley seconded by MacDonald the Finance Committee voted to approve the
minutes of April 9, 1997 as amended by a vote of 7/0/1.
Reserve Fund Transfer
On a motion by MacDonald seconded by Keigley the Finance Committee voted to approve the
transfer of $1,947.00 to Account # 01-815-5192 (unemployment) by a vote of 8/0/0.
Sue Cavicchi gave a presentation as to why they would like the Finance Committee to support
line item K34 in the amount of $40,000.00 to hire an architect to advise them on the High School
renovations. The School Building Advisory Committee is not supporting this expense at this time
pending further internal review by the School Department and requested they perform additional
research on a source of funding. At an earlier meeting, the Building Advisory Board voted
against funding this item by a vote of 51110.
On a motion by MacDonald seconded by Nenarella the Finance Committee voted to recommend
that Item K34 not be incorporated in the FY98 budget by a vote of 8/0/0.
On a motion by MacDonald seconded by McDonald the Finance committee voted to recommend
the subject matter of Article 9. The vote was 0/8/0 and therefore did not pass and will not be
recommended until a financing plan has been developed.
A motion was made by Keigley seconded by McDonald to recommend Article 10 in the amount
of $173,000.00 with source of funds to be from free cash.
An amended motion was made by Blewitt seconded by MacDonald that the Finance Committee
recommend the subject matter of Article 10 in the amount of $173,000.00 with source of funding
coming from free cash and that they designate an outside time frame of June 30, 1999 for the
passing of papers and that the proceeds from the sale of the property be at minimum of 80% of
the MAI appraised value. This motion passed by a vote of 7/0/0 and became the main motion.
Voted as the main motion it passed by a vote of 7/0/0.
( A motion was made by Jim Keigley seconded by MacDonald to reconsider line item D 13 in the
FY98 budget. This motion did not pass by a vote of 4/3/0. (A vote of 2/3 was required to pass).
On a motion by MacDonald seconded by Keigley the Finance Committee voted to adjourn at
10:50 p.m.
Respectfiully sub V"tuted,AW
Steve Blewitt,
Chairman