HomeMy WebLinkAbout1998-09-09 Finance Committee MinutesFinance Committee Meeting.
September 9,.1998
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The Finance Committee met in the Conference Room at the Central Fire Station, 757
Main Street, Reading, Massachusetts .at_7:30pan, Present. were Chair JimKeigley, Vice
Chair Carol Grimm, Finance Committee members Catherine Martin, Richard McDonald,
Paul Kurker,._James Francis,.NeiL CohenyMary Grimmer, and Charles Robinson also
present were Town Manager Peter Hechenbleikner, Dr. Haratunian and Pete Dahl.
Chairman's Comments:
Jim_Kei~y_introduced the.three.nnw members-of .the_Finance. Committee,.NeilCohen,
Mary Grimmer and Charles Robinson.
He recommends. -all FinCom_members. attend_the Town Meetings and think about
becoming Town Meeting Members.
Jim recommended the FinComkeep-the.reserve- 5%for..free.cash.
The next Budget Council meeting is at the High School Library on September 10, 1998 at
8:0.0 p.m.
Approval of Minutes:
Qn-matk n..by.Carol Grimm.secanded by_Dick.McDonald.the.Finance Cnmmittee_voxe4 to
approve the minutes of July 8, 1998, by a vote of 8-0-1.
On motion.by Catherine Martin sanded.by_Zames_Francis.the- Finance- Committee_voted
to approve the minutes of June 17, 1998, by a vote of 5-0-4.
On-motion-by Carol Grimm, secondedby_Paul .Kurker.the.Finance Committee.vo e.d to
approve the second progress billing to KPMG Peat Marwick, Acct. #01-021-5308_for
$12.,666.
The motion was approved,by a vote._of_9-0-0.
Review of the Warrant:
On-motion-by Catherine Martin-seconded-by Dick-McDonald. the Finance.Committee
voted to approve Article 2, line item J2-Northeast Metropolitan Regional Vocational
School-District in the amount..of.$19.6,561. o£_the FY199.9 Town of Reading-Bud et.
The motion was approved by a vote of 9-0-0.
Onmationhy James Francis.secended by Catherine Martin.the Finance-Cornmitice voted
to approve Article 3, to amend the "Town of Reading Massachusetts Ten Year Capital
Improvement Program Fiscal Years 199 through.2008" as.amended August _.2.7,.1998, as
provided for in Section 7-7 of the Reading Home Rule Charter.
The_mation was approved_hy ayatc of 8-0-1.
page 2
On motion by Carol Grimm seconded by Catherine Martin the Finance Committee voted
to- appraveArtic1e5, to.accept.&gi$ o.f.the..pawaL.o -property at 12-1413raude Court,
remove the existing dwelling and provide a paved municipal parking lot at a cost of
$.48,4,00.
The. n ation.was_approved-by_ avote_.of_8-1-0.
James Francis voted against the motion stating there should be a better use for. the
property.
Tomn.ManagerPeter Hecbanbleikner.reviewed-the_agenda.of.the Budget Council
Meeting.
Dr_ Harutunian. asked the. Eft ance.Committee..to_sexiomly consider the., School
Committee's proposals.
0a & motion by Carol Grimm seconded_by Dick McDQnald_the Finance Committee. voted
to adjourn at 8:55 p.m. by a vote of 9-0-0.
R?.y=tfu y.sub ' ed,
ecor ' Secretary: