03/04/2021 FINANCE COMMITTEE Minutes

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4 Finance Committee Minutes March 4, 2021 Presentation from Town Manager: (continued) In considering the average debt per household for the $51.2 million project in Phase I, The cost is projected at$143 per year, Using 10% forgiveness from the CCIWTP grant, minus -$15, The Rooms Tax offset, minus - $49 The WIIF Assessment of$89,the Net cost is $0.00 per household with the additional $9 to remain in the coffers or wastewater. The timeline includes;March 15, 2021 —GHD, Inc. —'75%Design and Cost Estimates, The Hiring of a professional Communications Consultant to educate and inform the residents, The execution of the Town Meeting warrant by the Select Board on March 22, 2021, and The May 3, 2021 Special and Annual Town Meetings, The authorization of a Debt Exclusion for borrowing authorization on May 8, 2021, To meet the June 30, 2021 deadline to approve funding for the project. Review of proposed Town Warrant articles: The Finance Committee continued their review of the proposed Annual and Special Town Meeting articles focusing on articles previously held for further information. Town Manager Rodney C. Collins provided a response to clarify questions regarding certain articles. Articles without monetary determinations are Held. Votes from the last meeting are included on the warrant for informational purposes. SPECIAL TOWN MEETING WARRANT Article HELD To see if the Town will vote to appropriate and transfer the sum of $ from revenue available for appropriation to the Snow & Ice Account, or take any other action relating thereto. The article was HELD for a monetary amount.