HomeMy WebLinkAbout1992-11-30 Capital Improvements Advisory Minutes,_..e improvements Advisory Subcommittee
MEETING MINUTE'.-.3
November 30.1992
F,.. u.....e i i L.i itit, ei d l r: : Chairman
Mark Huber. Vice Chairman
George Thompson, Secretary
Bill Murphy
Victor Petri
Peter 4... , e: t ,....1. fs i•-.: ) G:;` 1 Town Manager
meeting The was held at the Reading Town t 3. Conference
The meeting was called to order 6236 „
The minutes ...5, •F• '1", S••; r.::: November . meeting were .I.., i i:'. A.yy r the
Subcommittee {:•a pf t vote of 5-0-0,,
ems''
-.{.f..,..9. Murphy informed the Subcommittee that he had been called by t:j, Town
Meeting Member Meeting regarding potential renovations -z t" the Parker Middle School.
The Town Member informed Bill t..1 more
that any upgrades t.., ,r~2' exceed
' t :°s i' i 5% of the existing building , r i::1=...... s::k i`.. a.. ::i i..i irtxt that the whole building be
brought k..l{,., ,..,..3 present building code standards. The Town Meeting Member
asked t."i matter k:.r-;t that this be considered ,:r by this i Subcommittee
in :i::iC'Ey,;:
determination makes on y Parker Middle School renovations,
provided . Subcommittee with projections an debt Huber
7.. the service and
s:. levels through fiscal year 002The subcommittee discussed the
Ff'L.1r;; i:,.t...S.
k- t 1~. the ,..,E•!..!..r and - cons setting . -_..I..t { .i it , t;1, policy e {"i{..j'~:#'i:':. .~.{:.st,~ and the
- F` ~i't.{.f,.r,y yctI"2;.a '{".l.fr).1.:i.,.1 of t«t{•:.:',«r .l:.;r:::;,"1e:',::,y t...{.:'te1". k t..,t...r;F:»$i"tb{.t"::?:t2••,tft•::'f" :€.f"{:,':L;:..:<?'t:.,^'d ti"t"::'C: f'F{::" would i.:i('"{::jv:I.{::i{•:
the projections b..},dC'1 financial advisors for review,,
Peter ;'•f e t {°:,1.,F l...t ! e 'i. t'. informed the
Subcommittee . . . , , [ .•a. s t:iS ? {;:i i_1'f;, new debt laws. These
news laws ).`{t•"')"t.e.d allow the Town back .t..t. debt payments as ;~3;..s!"t{..?
would end s., ....:-s t t tt;::7
.
,
payments ..t t 7 a straight-line basis,,
Bill Murphy suggested .s:. Reading's t service that debt and F r:ar.'%J~': d !.;.^'yt:'`-'`l .a.:s ~
compared . 1'o other comparable ~ ..y•if"''f.,(: • i' r indicated
towns. Peter 1 L... r,.a,....,i.... 1 ,_.r.::,3 ~,,.,..z.~. he would
send out t- survey t?:5 gather t t .."tt'i information the foI r- Subcommittee,,
. s y... t... George Thompson C:3~"'t..t ,`•;'a.{::~ -{ci: , the Subcommittee
t'W:t.'?m.ss'2 a historical ii t"'fii.:.. `.yf:ii;i.f,° t:7 t . f debt
•I ; • i~•, levels of the {'~i;,=: •t»{,};., fiscal years 1985 •t?::i {::i'
:•°}'"1:.., service
i4'F t
.;,.,...,rs Subcommittee's next .i,
, ii~t_ scheduled ,t;:,.: r December
. f s meeting Fr, 2 .0.'°. _ r . . 8:00
a.m.. The purpose r.°f this meeting will a • 3.1 be to .i view several Town capital
assets various roads, the DPW facility, and the Police Station.-
The meeting adjourned 015 p.m.
i eCf::::iye•(/~~ (y~ Submitted,
i
Thompson,
secretary