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S <br /> *APPROVED DECEMBER 11, 2018* <br /> Capital Improvement Program Committee <br /> Minutes <br /> December 5, 2018 <br /> APPOINTMENTS & HEARINGS (con't) <br /> Planning and Construction coni <br /> Mashpee Middle Hi h School Stadium Field Artificial Turf cont <br /> The prospect of rental income also was discussed but the con of that would be that the surface <br /> would deteriorate more quickly. Mr. Richardson stated again that he would like to see the whole <br /> project done at once. <br /> Mr. Collins asked for the flavor or appetite of the Committee on this project to which Mr. Gottlieb <br /> said it could become part of the annual debt service and then use annual Capital Improvement to <br /> pay off the debt service. Finance Director Dawn Thayer proposed authorizing all borrowing and <br /> use the General Fund operating budget for the debt service. The Capital Stabilization Fund or <br /> "Free Cash" could then be used to offset the operating budget. The Town Manager asked the <br /> Finance Director to come up with a plan, The Town Manager asked if there was some consensus <br /> and Selectman Gottlieb said that it should be done as a debt exclusion outside of 2 %, Mr. Gasior <br /> concurred. <br /> NEXT MEETING: <br /> Thursday, December 6, 2018 1 pm <br /> It was further discussed and decided to have another meeting of the CIP Committee on Tuesday, <br /> December 11, 2018 at 5:30 pm in the Popponesset Meeting Room to discuss the breakdown of <br /> the Ockway Bay Boat Ramp Building costs and more artificial turf discussion, as well as <br /> discussion and deliberations on all capital projects. <br /> ADJOURNMENT <br /> Motion made by Mr. Richardson to adjourn at 3 p.m. <br /> Motion seconded by Mr. Gasior <br /> VOTE: Unanimous. 5-0. <br /> Roll Call Vote: <br /> Mr. Collins, yes Mr. Gottlieb, yes Mrs. Thayer, yes <br /> Mr. Gasior, yes Mr. Richardson, yes Opposed, none <br /> Respectfully submitted, <br /> Theresa M. Cook <br /> CIP Committee Secretary <br /> 8 <br />