2/8/2011 CAPITAL IMPROVEMENT PROGRAM Minutes

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3 Capital Improvement Program Committee Minutes February 8,2011 Fire Department;(continued) Definitive costs were also obtained to support the Vehicle GIS capital request. The current pricing for equipment and software is $23,000. Funding from the Ambulance Receipts Account has been verified and earmarked for installing GIS in the Fire Department's three ambulance vehicles. At the last meeting, Chief Baker indicated that a Homeland Security grant has been applied for to purchase equipment for Station Alerting that would reduce overall response time. Chief Baker indicated the Town is in a likely position to secure approximately one-half of the $40,000 cost estimate as the "black box" component of the purchase will support mutual aid. Included in the Fire Department's budget is $90,000 for the purchase of(3) defibrillator units. The cost includes the trade-in of the older equipment. Funding would derive from the Ambulance Receipts Account to support the purchase. Planning& Construction: At the January 18th meeting,the CIP strongly considered a bond within the constraints of Proposition 2 '/2 to fund infrastructure improvements. The DPW Director was directed to discuss with the Planning & Construction Committee projects that would be prioritized and funded by a(15)year debt exclusion. Due to scheduling conflicts,the Planning& Construction Committee is not scheduled to meet until February 10th. As a result,the list of priorities was unavailable for review. It was noted that a fifteen-year, $1,500,000 bond, if approved by the voters would cost in fiscal year 2014(1"year of payment), $75,642.53. It was noted that existing debt such as the Town Hall renovation project would terminate in FY-13. It was agreed,the bond is also strongly considered at this time to ease the level of the burden on the Town budget while improving infrastructure with little change to the debt structure in FY-14. Upon discussion and analysis,the CIP agreed to vote on this matter.