3/4/1997 FINANCE COMMITTEE Minutes

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were felt by the departments to be their priorities with full knowledge that in future years, these are the projects we will have to prioritize with the funding. we need to show the voters that these are the projects that the town is looking at. From these projects,we will select and prioritize what to do. Mr Golub read the by-laws with respect to the preparation of the dual Report. It stated that the Committee shall prepare ars Annual Report and also a C.I.P. for the following ftee years for adoption by the town at the annual town meeting with explanation thereof: He stated that it is the responsibility of the C.I.P. to prioritize what needs to be done. According to what we have in funding,this is what projects we will do as we see it today. Also,you need to note that this may change in the future;however,this is the way we see it today. Mr. . Golub suggested that theC.I.P. comnuttee make some attempt to tie the projects with the available funds. Nfr. whritenour stated that they will list out the projects which we are going to start with and list them in the priority. He stated that in order to educate the voters, we- will note that these are the projects felt by the committee important enough to be on the list- Mr. wahritenour agreed that we have to show the voters what we are going to do and what we are not going to do. Debt Exclusion/Override Items Where was a considerable amount of discussion and explanation by Mr. whritenour concerning the C.I.P.comnnittee regarding the debt exclusion items and the debt override items. Hih School and Mone Settlement: Mr. Golub questioned Mr. whritenour if he was free to discuss the specifics in regards to the Store settlement. Nix. Whritenour stated that the Board of Selectmen has readied a settlement with Mone to complete the High School project. Basically,there were three key components of the settlement: 1. Mone agreed to do a full mobilization of all of its subcontractors and their own forces. This took place prior to the February break. A tremendous amount of work was completed as a result. 2. It was agreed that,to the extent possible,on unsatisfactory items,they would attempt to rectify with a deadie of March 15 for the interior of the building and April 15 for the exterior of the building. Anything not fimished by that date,we would submit to an arbitrator. . There was an admission that there were some costs to the town as a result of delays. We agreed to a negotiation process to determine what those costs were. If those items cannot be resolved in an expeditious manner,they will also go to arbitration. D.P.W. Budget: Mr. Taylor stated that he hopes that the Finance Committee would support increasing the expense budget of the DPW budget by at least 2 ill Finance Cottee Meetin /„2,2/97:, Mr. Golub mentioned that Passover is on Tuesday, April 22,, 1997. He will look into changing the Finance Committee weekly meeting t6�Wednesday or Thursday. i