04/30/1992 FINANCE COMMITTEE Minutes

Home Browse Search

MASHPEE FINANCE COMMITTEE MEETING MINUTES APRIL 30, 1992 MEETING COMMENCED AT 7:00 P.M. Members Present: Tony Gallo, Chairman; Deirdre Greelish; Al Polsi; Ed Baker; Dan Goggin; and Denise Sullivan. John Ferriday was not present at this meeting. David Bailey, Board of Assessors, was present at the meeting to discuss the revaluation. Denise . Sullivan stepped down from discussion. Mr. Bailey discussed Article 9 of the Special Town Meeting, which requests the sum of $50,000 be appropriated and/or transferred from available funds to the Board of Assessors Revaluation Account. The Finance Committee previously recommended approval but discussed the revaulation. Mr. Bailey indicated that because of the revaluation the value of the town will probably drop 10% across the board. Mr. Bailey also indicated that the Revaluation Account presently has $50,000 available, but they are requesting $50,000 more, so that there will be available money next year. He felt the worst case scenario is that the town would spend $80,000 for the revaluation and that would leave $20,000 remaining. He is hopeful that it will only cost approximately $60,000. Mr. Baker stated that the assessors would hit a peak every three years. and asked how much it would cost in the interim? Mr. Bailey thought that it would cost approximately $75,000 every three years and in the interim years significantly less. Mr. Bailey also discussed possibly sending impact statements to taxpayers, timing of tax bills, and the possibility of their department preparing the bills and then having the tax collector send out. Mr. Baker felt that at a later time the Finance Committee should meet with the Tax Collector to discuss this possibility. Also present at the meeting was Judy Mills, Selectman, to discuss Article 6 of the Special, regarding whether the town will vote to authorize the Board of Selectmen enter an agreement with the County of Barnstable for the purpose of establishing a county-wide consortium that would apply for, receive, and expend federal HOME Grant Funds pursuant to the provision(s) of the 1990 Cranston- Gonzalez National Affordable Housing Act. Mr. Baker felt that their should be an amendment to the Article, so that the town will not get a surprise bill in the future. Ms. Greelish also felt that it should read, at no expense to the town. Ms. Mills stated that it is a non-binding referendum, but in order to set up the consortium they would need the communities to agree. Ms.. Mills also discussed Article 11 of the Annual, which will if approved, allow the Board of Selectmen to acquire land necessary to redefine Pimlico Pond Road at the point which it dramatically curves. Funding to recontruct the road will come from public and private sources. Ms. Mills explained that it would use existing housing stock and have it federally funded. Ms. Greelish stated