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(I a(utt of Ifflttslipee y.` ':•r P. 0. Box 1106 qkf>dBIE�`� MASHPEE. MA 02649 CE COMMITTEE FINANCE COMMITTEE MINUTES Town Hall April 10, 1990 Present: Ed Dolan, Carole Dunivan, John Ferriday; Tony Gallo, Carl Heller, Vern Polka, and Jim Vaccaro The Finance Committee convened at 7 p.m. -Member Ferriday expressed his concern about the present projected revenue figure— He cited the following as the reason for his concern. In the area of New Seabury where he lives there are reserved areas where there can be no construction. Last year Bright Coves paid $400 in taxes on these areas, this year the tax bill is $9,370. All these reserved properties are unbuildable, and they are assessed at over a million dollars. John further noted that this is just one area of New Seabury and he is not sure about the other areas. John said he is not sure what action will be taken. Member Vaccaro stated that a lot of people are making partial payments on their tax bills and this could present a cash flow problem for the town. Jim Vaccaro motioned that the minutes of the Finance Committee meetings of March 13, 14, 15, 1990 be approved. Tony Gallo seconded the motion and there was a unanimous vote of approval. Chairman Dolan informed the committee that the Fin Com Reserve as of March 30, 1990 was $67,264.10 and this figure reflected the Police Request for Transfer. The Selectmen have agreed that a member of the Finance Committee should be part of the Committee to establish a Financial Master Plan.' Both Carl and Tony volunteered to represent the Finance Committee. Vaccaro nominated both and the Finance Committee voted by ballot. Carl Heller was elected to serve on the Master Plan Committee. The Board Secretary was asked to address a letter to the Executive Secretary and the Selectmen stating this information. The Chairman informed the committee that a memorandum had been received from Ernie Virgilio. He has informed the committee that due to fiscal conditions of both State and Town the proposed construction project for Route 151 is not going to happen. This project would have included resurfacing of Route 151, repair work to drains and other related work. He expressed his concern that the road is deteriorating and that neglect will ultimately result in the need for total reconstruction.