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Page 4 <br /> Ba lgalu i suggested adding $350, 000 to $1,.110, 000, whether the <br /> Town received the $75OrOOO or not . Mr. Golub stated that there <br /> would still be. a short fall of $400, 000 if the $750, 000 is not <br /> received, Mr. Goggin spoke in great detail about the Town' s <br /> valuation, the net growth valuation and new growth devaluation.. <br /> Mr. Baigalui MOTIONED to support placing $1, 110, 000 to support <br /> tax relief, $400, 000 from Assessors and $710, 000 from Free Cash, <br /> Mr. Watt seconded the Motion and members voted 3-3. Mr. Golub, Mr. <br /> Goggia and Ms, Goulart opposing. Mr. Goggin MOTIONED that the <br /> Finance Committee goal should be that the tam increase shall not <br /> exceed 2 12 each year annually through the year 2000 . Mr. <br /> Baigalui seconded the Motion and members approved 6-0 . Mr. Golub <br /> suggested finding out whether or not they could arrange to receive. <br /> the $750, 000 after the tax rate les set . Mr. Bac igalui rude an <br /> amendment to his Motion. He MOTIONED to place $1, 110, 000 into tax <br /> relief subject to the Chairman' s discussion with Representative <br /> Tom Cahir. Mr.. Watt seconded the Motion and again the vote was - <br /> , Mr. Goggin, Mr. Golub and Ms . Doul art opposing. The article was <br /> tabled until Town Meeting. Mr. Goggin will look into the questions <br /> involving the $300, 000 in new growth. <br /> The Chairman handed out a copy of Debt Outside for FY9.7 through <br /> FY2.006 . Juan Bac i gal.0 i MOTIONED to table voting on Stabilization <br /> unt-il 'Town Meeting, Mr. Kumin .seconded the Motion and members <br /> approved 6-0 . <br /> Buf f lehead Bar <br /> Tom Fudal a, Town Planner, was present and explained that the <br /> purchase would be for the total parcel of land, rather than <br /> purchasing it in two phases . The cost to the Town would. remain <br /> $.250, 000 . The property was appraised at $3 .9 million. <br /> Mr. Whritenour entered the room and the Chairman apologized for <br /> 3-nterrupting Mr. Fud la but asked Mr, Whritenour about why the <br /> $300, 000 was reduced from new growth. Mr. Whritenour mentioned <br /> that it has to be deducted. It has nothing- to do with change in <br /> valuation. The property was not dere last year and is. here this <br /> year and there reeds to be adjustment for that. <br /> Mr. Fudala addressed the Committee again and explained that the <br /> Article is contingent upon a self help grant . This is a one shot <br /> deal, the Town Planner explained and the deal has to be executed by <br /> Dec-ember 31st . The deal is off if the. whole package doesn' t <br /> happen. Mr. a i'galupi MOTIONED that the Finance Committee support <br /> this Article. Mr. Kumin seconded the Motion and members approved <br /> -1, Mr. Watt abstaining. <br /> Other Bus.-mess <br /> Mr. Ba igalu i handed out a copy of a letter that he had circulated <br /> to other Finance Committee members . Mr. Golub noted that he and <br />