HomeMy WebLinkAbout1997-02-27 Finance Committee Minutes11EC;E1'%. LE G
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Finance Cominittee Meeting R E t" D I NC, f44 -
' January 27, 1997 VEa G 119 5's AN '97
The Finance Committee met at 7:30pm in the Conference Room at the Reading Town Hall.
Present were chairman Steve Blewitt, Vice Chairman Jim Keigley, Fincom Members Nate White, Gerry
MacDonald, Carol grimm, Tom Green, Rocco Nenarella, Catherine Martin and Richard McDonald.
Town meeting member William Brown was present and made a presentation to the Finance
Committee as to why he thought a police station should be constructed on Oakland Road in Reading.
A motion was made and seconded to approve the minutes of January 7, 1997. A vote of 7-0-0
was taken.
After a lengthy discussion the Finance Committee voted in favor of a reserve fund transfer of
$5,012 for a School Crossing Guard. The motion was made by Carol Grimm and seconded by Rocco
Nenarella. The vote was 9-0-0.
Peter introduced an additional reserve fiord transfer of $2,500 for the Tree Capital Account.
This would purchase Elm trees to be planted on road sides. Discussion followed. Jim Keigley made a
motion and Gerry MacDonald seconded the motion. A vote of 8-1-0- was in favor of the transfer.
Dick McDonald reported on the Business Park meeting held on January 9, 1997. The Business
Park Committee will be submitting a Warrant Article to Town Meeting for the purpose of obtaining
approval to sell or lease the land. There would also be funds needed for an appraisal and broker fees.
Nate White and Dick McDonald gave joint report as to the meeting that they had with Beth
Klepis. The meeting was about Revenues, status of Free Cash and Abatements. A discussion by the
Fincom followed their report.
A list of the Selectmen's priorities was presented by Peter. They have not yet been finalized.
Chairman Steve Blewitt led the Fincom in a discussion as to the budget process. Nothing was
resolved at this meeting and Steve asked the members to come to the next meeting ( Feb. 5 ) with
additional input.
Carol Grimm , Chair of the Capital Committee, gave a report as to the Ten Year Capital Plan.
The Town Manager then went over the plan line by line.
The final item on the agenda was how the Fincom would address the School Budget. Input was
diversified but thin . Chairman Steve Blewitt is hoping for additional input at the meeting of Feb 5th.
On a motion by Gerry MacDonald and seconded by Jim Keigley the Finance Committee voted to
adjourn at 10:30 pm. by a vote of 9-0-0.
Respectfully submitted,
J
Jim Keigley
Vice Chairman