08/06/1990 SELECT BOARD Minutes - Laserfiche WebLink

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BOARD OF SELECTMAN Page 3 MINUTES_ AUGUST 6, 1990 Finance Committee -- Fiscal Status: The Superintendent should have the exact number of students enrolled in Falmouth High School by mid September, For the .1988 fiscal year, there is a $32, 000 overlay reserve deficit and a $51, 000 deficit for the money borrowed this year in interest payments states Mr. Vacca.ro, With FY 91 revenue, $600, 00O has been used in an overlay reserve and the town is short $250,000. There is not enough money to level fund the budget. Chairman Carter feels it is necessary to hold a Public Hearing j on all articles dealing with capital improvements prior to the setting of the warrant based on what the Board has heard. This meeting is scheduled for Monday, August 27th at 6: 00 p.m. New Pro osed Town Hall Bid: Selectman Hanson has requested a vote of confidence from the Board for the proposed new Town Half. bid. The bid should go out in four days with a cost of $6, 000. There is a 60 day period before the contract is activated which falls betweed now and the October Annual Town Meeting. Selectman Gottlieb recommends to proceed with the bid process. The money has been appropriated and the plans will still exist if the Town Hall is delayed. Selectman Hanson feels . the timing is right economically. Selectman Gottlieb made the motion to support the Town Hall Building Committee to go for the bid. Selectman Lawrence seconded the motion. The vote of the board is unanimous. Kevin Harrington will prepare a graph report by .the 8/27 meeting. Judith Barnett re: John' s Pond Project: The or iginal plan was for 10 lots. the applicants met with the Board on 1/22 with a proposed plan of 17 lots. Judith Barnett and Joe DiMartino met with the Selectmen to propose 23 lots. Te h necessity being the roadwork dollar amount for unknown costs required for about 2000' of road work at the site. The state requires a 15% profitability margin. They could not do an affordable housing project with 10 lots. The 40B application has been filed with the town and they are in the process of filing for an application with HOP for funding. DiMartino states this is a friendly application to helu serve the needs for the town at large. They request approval oL the Board. Approval would help him recieve. partnership furidi_ng. The approval of the Selectmen is not necessary for the affordable housing proposal to be submitted to HOP. The current zoning is 9 lots. The increase was to 17 and is now 23 lots.