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4 <br /> Finance Committee <br /> Minutes <br /> March 28, 2019 <br /> Review of Explanations in preparation for Annual Finance Committee Report: <br /> 6:50 p.m. Mr. McKelvey present <br /> The Finance Committee conducted a detailed review of the May 2019 Annual and Special Town <br /> Meeting warrant to finalize the content for the printing of the Finance Committee Report. <br /> Article#9: To create a special purpose Capital Expenditure Stabilization Fund authoring 75% <br /> of the additional revenue received under the short-term rental tax to be used for <br /> the wastewater management program, affordable housing and transportation <br /> improvements. <br /> There was concern with respect to allocating funding for wastewater at this time. <br /> Motion made by Mr. McKelvey to rescind past action on Article#9. <br /> Motion seconded by Mr. Avis. <br /> VOTE: Unanimous. 6-0. <br /> Roll Call Vote: <br /> Mr. Richardson,yes Mr. Pettengill,yes Mr. Avis,yes <br /> Mr. McCahill,yes Mrs. Furbush,yes <br /> Mr. McKelvey,yes Opposed, none <br /> Motion made by Mr. McKelvey to support Article#9 as written. <br /> Motion seconded by Mr. Avis. <br /> VOTE: Motion does not carry. 2-4. <br /> Roll Call Vote: <br /> Mr. Richardson,yes Mr. Pettengill,yes Mr. Avis, no <br /> Mr. McCahill, no Mrs. Furbush, no <br /> Mr. McKelvey, no Opposed, (4) <br /> Motion made by Mr. McKelvey to not recommend Article#9. <br /> Motion seconded by Mr. Avis. <br /> VOTE: Motion carries. 4-2. <br /> Roll Call Vote: <br /> Mr. Richardson, no Mr. Pettengill, no Mr. Avis,yes <br /> Mr. McCahill,yes Mrs. Furbush,yes Mr. McKelvey,yes <br /> Opposed, (2) <br /> Mr. McCahill signed off: 7:20 p.m. <br /> Review of the Finance Committee explanations continued. <br />