03/12/2026 FINANCE COMMITTEE Minutes (2)

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FINCOM-Regular Session March 12,2026 Updates were also provided on several warrant articles, including technical zoning updates, infrastructure funding, and potential withdrawal or relocation of certain items between the special and annual warrants. Significant discussion focused on the proposed wastewater project in the Waquoit area. Jared Meader, Wastewater Superintendent, emphasized regulatory deadlines and environmental requirements, noting that delays could result in increased costs and potential penalties. It was also noted that delaying the project could significantly increase costs due to inflation and regulatory requirements. Staffing needs within the wastewater department were discussed, with officials explaining that current staff are managing increasing workloads. A new position is being proposed to support financial tracking, billing oversight, and operational coordination. Overall, the committee acknowledged the financial and operational challenges ahead but noted that planning efforts are focused on long-term sustainability, particularly with respect to infrastructure and environmental compliance. 2. Town Manager updates on other items 3. Review of Request for Reserve Fund Transfer for Recovery of Vehicle in Waterways A request was made to transfer $4,590 to cover the cost of recovering a vehicle from the waterways. Town Manager Rodney Collins explained that a stolen car was discovered at the landing and had to be removed from the water, requiring towing services. The town is obligated to pay this bill in full. The Finance Committee was assured that the town will explore the possibility of insurance reimbursement. If reimbursement is received, the funds will be returned accordingly. Motion made by Greg McKelvey to approve the Request for Reserve Fund Transfer for Recovery of Vehicle in Waterways. Motion seconded by Darlene Furbush. Vote:6-0 4