Capital Outlay Committee
november 13, 2003
Members in attendance:
A. Garf (Chair), J. Roach, D. Grasfield, S. Solomon, W. Heitin, J. Furr, A. Nebenzahl
Members not in attendance:
D. Hearne, P. Linehan
Others in attendance:
B. Puritz, R. Uyttebroek, C. Jackson
Actions Taken:
Meeting organization and scheduling: Next meeting dates are November 24th & December 22nd.
Borrowing policy and capacity: Discussed the validity of a debt ration of 7% of operating budget. Discussions will continue next meeting, but it was agreed that we would start the process using 7% as a benchmark.
G. Bailey presented and discussed a Capital Improvements Program Manual. He emphasized the need to: 1) publish the Capital Plan, 2) include long-range capital needs such as the Wilber School project, 3) hold public hearings to get input, 4) include capital items that are being funded through the operating budget and 5) show the funding source. The Committee will discuss further.
P. Arguimbau presented the ConCom’s proposal before the STM to purchase the Rattlesnake Hill property for $6m. A vote will be taken next meeting.
School and Town-wide capital requests were distributed.
The following additional documents were distributed: 1) Update of prior authorized capital items and their status, 2) master fixed asset list and 3) tax impact of Rattlesnake Hill debt exclusion.
Votes Taken:
None taken.
Next Meeting:
monday, november 24, 2003
7:00 PM
SELECTMEN’S MEETING ROOM
Agenda:
7:00 PM: Rattlesnake Hill 12/08/03 STM Article 1 – financial analysis update & CapOut position vote
7:20 PM: Animal Control (D. Malcolmson)
7:25 PM: Recreation / COA (D. Clifton & N. Fitzgerald)
7:45 PM: Fire (D. Mann)
8:00 PM: Police (J. Bernstein)
8:15 PM: DPW / Water (E. Hooper)
8:45 PM: Data Processing (R. Uyttebroek)
9:00 PM: Selectmen (B. Puritz)
9:15 PM: Other business & continued discussions
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