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3 <br /> Finance Committee <br /> Minutes <br /> October 17,2016 <br /> NEW BUSINESS <br /> Reguest of Director of Public Works for an-Emggency Reserve Fund Transfer, 17 50 from the <br /> Finance Commita Reserve Account to fund casts associated to the Quashnet School W' o & <br /> Door_Ealacement Project: <br /> Catherine Laurent, Director of Public Works was in attendance to request the Finance Committee <br /> approve an emergency:reserve fund transfer in the amount of$17,500 to fund additional costs <br /> associated to the schematic design of the Quashnet School window and door replacement project. <br /> Ms. Laurent indicated the Town of Mashpee has been invited to participate in the Massachusetts <br /> School Building Authority(MSBA)Accelerated Repair Program,and the Town is eligible to <br /> receive a reimbursement rate of approximately 39%for total costs expended for this project. It <br /> was explained the 1992 windows are in dire need of replacement. <br /> At the recommendation of the MSBA,the sum of$50,000 was earmarked for costs associated to <br /> the schematic design. The contract with the architect is$50,000, and does not include costs <br /> associated to the OPM contract a cost not to exceed$12,500 and for testing, an additional not to <br /> exceed cost of$30,000. This brings forth a total project cost of$92,500 to complete the <br /> schematic design. <br /> The shortfall is$42,500. The sum of$25,000 has been earmarked in the FYI Building& <br /> Grounds Expense budget. The remainder; $17,500 is requested to be funded through an <br /> emergency transfer. <br /> 6:13 p.m. Mr. Ryan present. <br /> Discussion followed with respect to this regard. It was noted the $17,500 transfer would allow <br /> for the completion of recommended tests required for a more accurate determination of the <br /> project scope as well as defining a more accurate estimate for the construction cost associated to <br /> this project. <br /> Motion made by Mr. Richardson to support the Emergency Reserve bund Transfer of <br /> $17,500 to fund costs associated to the schematic design of the Quashnet School window <br /> and door replacement project. <br /> Motion seconded by Mr.DelPonte. <br /> VOTE: Unanimous. 5-0. <br /> Roll Call Vote: <br /> Mr,Avis,yes Mr.DelPonte}yes Mr.Richardson,yes <br /> Mr. Pettengill,yes Mr.Ryan,yes Opposed,none <br />