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Finance Committee <br />Minutes <br />August 17, 2023 <br /> <br /> <br />OLD BUSINESS <br />1. Gather additional information on Warrant Article #12 in DRAFT #1 of which the Committee currently <br />has on hold. <br />Evan Lehrer explained to the Committee that he doesn’t believe that Warrant Article #12 achieves the purpose <br />as it was intended and should be modified. <br /> <br />2. Discuss and take action on Warrant Article # 12 in DRAFT #1 of which the Committee currently has on <br />hold. <br />Arden Russell stated that she will be withdrawing this Article. This Article remained on Hold. There wasn’t any <br />action taken. <br /> <br />NEW BUSINESS <br /> <br />1. Town Manager Update. <br />Mr. Collins updated the Committee with regard to costs incurred as a result of road takings. He stated that <br />annual costs include sweeping, catch basin cleaning, drainage maintenance and tree work. After 8 – 10 years <br />more significant maintenance starts to be required and after 20 – 25 years more major work is required. Mr. <br />Collins went on to state that there are also costs incurred in terms of staffing. <br /> <br />2. Review, discuss and take action on any new Articles in the Draft Warrant. <br />N/A <br /> <br />3. Review, discuss and take action on Article Explanations for Finance Committee Report. <br /> <br />The Committee agreed that the explanation for Article #1 is fine as written. <br /> <br />The Committee agreed that the explanation for Article #2 will have, “This Article will have no impact on the <br />current year tax rate” added to it. <br /> <br />The Committee agreed that Article #3 will have, “This Article will have no impact on the current year tax rate” <br />added to it. And, one typo corrected. <br /> <br />The Committee agreed that the explanation for Article #5 is fine as written. <br /> <br />The Committee agreed that the explanation for Article #6 is fine as written. <br /> <br />The Committee agreed that the explanation for Article #9 will have, “This Article will have no impact on the <br />current year tax rate” added to it. <br /> <br />The Committee agreed that the explanation for Article #10 will have, “This Article will have no impact on the <br />current year tax rate” added to it. <br /> <br />The Committee agreed that the explanation for Article #13 is fine as written. <br /> <br /> <br />2 <br /> <br /> <br />