BOS - July 25, 2000

BOS - July 25, 2000

Postby Suzanne Kane » Wed Nov 19, 2008 11:08 am

Board of Selectmen Meeting Minutes
July 25, 2000

1. Call to Order

The meeting was called to order at 7:02PM. In attendance: Shirley Mosczynski, Tom Navaroli, Ron Forget, and Edward Therrien; Rich Preston in at 7:04PM. Also in attendance: Norm MacNeill, Chief Donald Gonynor, Chief Patrick Foley, Walter Bird, Jack Kelly, Mitch Cohen, Joe Nedoroscik, Wayne Salo, and Dan DeLeo.

2. Chairman’s Announcements

Historical Commission.

3. Fire Station Presentation

Chief Gonynor presented a visual walk-through of the fire station through pictures in a PowerPoint presentation. He told the Board there would be an Open House after Labor Day. He further stated that the Fire Station is three weeks away from radio communication.

Kevin Grebinar and Kent Vinson have been appointed as the new Firefighter/EMTs. And Patricia Giedrys, Hemlock Street, has been hired as the clerk.

4. Debt Management Policies

The Finance Team, made up of the Town Accountant, Treasurer, Assessors, Superintendent, and School Finance Director proposed debt management policies to the Board. The Board discussed the proposed debt management program. Specifically, they looked at the amount of money in the stabilization fund as well as the tax impact. The following amendments were made:

Debt Management Program

General Assumption

1. The debt management program is designed to maintain the integrity commitment to the Town/School Capital Infrastructure Program.

2. The goal of the Program is to stabilize the portion of levy dollars needed to fund the debt service required for the proposed school project so as to minimize the tax levy impact in any one year.

The memo further stated, “The program is dependent upon the utilization of the Stabilization Fun as a principle means of funding capital debt management program. The establishment of the following policies by the Board of Selectmen regarding the management of the Stabilization Fund is recommended.” The Board amended the recommendations to be the following:

a) Maintain a Stabilization Fund balance of at least $500,000;
b) All interest income earned in the Stabilization Fund is to be maintained in the Fund;
c) All arbitrage income earned during the course of the borrowing of funds is to be retained in the Stabilization Fund applied against the cost and/or the tax impact of the project responsible for earning the arbitrage income.
d) Funds in the stabilization Fund are to be primarily applied to offset the any capital program.

4. The following interest rate assumptions are included in this Program:
a. Short-term interest borrowing rate: 6%
b. Long-term interest borrowing rate: 6.75%
c. SBAB rate of reimbursement for allowable costs, including interest: 77%
d. Investment rate of return: 6%

5. A debt exclusion vote of approval is required to fund the proposed school project in accordance with Proposition 2 ½.

6. The Debt Management Program is design to be reviewed and updated on an annual basis.

Shirley Mosczynski made a motion, seconded by Rich Preston, to accept the Debt Management Program as amended. Vote Unanimous.

5. Joint Purchase Group For Health Insurance

Norm MacNeill brought before the Board an agreement for the Board of Selectmen to sign in order to become part of a Joint Purchase Group for Health Insurance. There has been a 64.7% increase in health insurance since FY97. Ron Forget inquired about the administrative costs. Tom Navaroli questioned the one-time entry fee and the fact that the Town could not opt out of the program for two years.

Shirley Mosczynski made a motion, seconded by Ron Forget, to proceed to go ahead with the agreement for purchase of group health insurance as presented. Vote Unanimous; Rich Preston abstained.

6. Executive Administrator’s Report

Municipal Center Hours: Starting August 14, 2000 the Community Development Department and the Board of Selectmen Office will be open on Fridays from 8:30AM-Noon.

GEOTMS: Working to streamline the permitting process.

Community Listening Project: Douglas has been selected for a community listening visit by the Massachusetts Rural Development Council. They will be scheduling a weekend some time in Mid-Autumn.

Town Web Page: The Town is looking for volunteers to work on the Town Web Site.

Litigation Review: A litigation update will be given to the Board by Town Counsel in an Executive Session in September.

Procurement: There have been improvements to the procurement process. The Department Heads will be made aware of them shortly.

7. New Business

Shirley Mosczynski asked about the progress on the Old Elementary School; Norm MacNeill stated he would report on the status at the next meeting.

Rich Preston also inquired about the Old Elementary School.

The Board requested that the agendas be posted on the bulletin board.

Rich Preston requested that the possibility of putting cable in the Board Room be looked into.

Edward Therrien inquired about the status of Davis Street; It is part of litigation and will be reviewed in September.

8. Acceptance of Minutes

Ron Forget made a motion, seconded by Shirley Mosczynski, to accept the minutes from July 11, 2000. Vote Unanimous.

9. Adjournment

At 9:00PM, Ron Forget made a motion, seconded by Rich Preston, to adjourn. Vote Unanimous.

Respectfully submitted,

Angela L. Ernenwein
Assistant to the Executive Administrator
Suzanne Kane
Posts: 655
Joined: Wed May 25, 2005 2:01 pm

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