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HomeMy WebLinkAbout1998-08-12 Water and Sewer Advisory Committee MinutesWATER & SEWER ADVISORY COMMITTEE MINUTES August 12, 1998 A meeting of the Water & Sewer Advisory Committee was held at 7:50 P.M. on Wednesday, August 12, 1998 in the Employee Lounge, Reading Town Hall, 16 Lowell St., Reading, MA. In attendance were Chairman Gail Wood, Secretary Stewart Chipman, Committee member Richard Moore, DPW Business Supervisor David Lee, and DPW Director Ted McIntire. Meeting Minutes It was moved by Stewart Chipman, seconded by Richard Moore and approved by a vote of 2-0 to accept the minutes of July 15, 1998 as written. Stabilization Funds The Committee reviewed the proposed format submitted by Gail Wood for "Water Enterprise Stabilization Policy" and under line 2, Funded, "A" remove the words "unused collected" and replace by the word "net", so that the line reads `By net revenues of previous years". It was also decided that the priority of funds should be identified in the policy (ie., 1 - Emergency/Reserve, etc.) Gail Wood joined the Meeting. In addition a new item under line 3 entitled Capital Expended, "B" should include the wording which states "as long as the budgeted increase in the general rate stabilization fund is less than 30% of the water budget". Similar wording should be included in the Sewer Enterprise Stabilization Policy and should refer to "less than 20% of the sewer budget". Report on the Open Space Advisory Committee Stewart Chipman reported that the Open Space Advisory Committee has scheduled a meeting for August 25, 1998. Spence Farm is being sold and will be purchased by Marriott Corporation for the development of an assisted living facility. It was moved by Stewart Chipman, seconded by Richard Moore and approved by a vote of 3-0 to adjourn the meeting at 8:47pm.