March 1, 2010 Capital Improvement Committee

March 1, 2010 Capital Improvement Committee

Postby Lisa Lannon » Fri May 07, 2010 1:33 pm

MARCH 1, 2010

A meeting of the Capital Improvement Committee was held on March 1, 2010 in the Municipal Center Resource Room. Chief Gonynor called the meeting to order at 7:03 PM.

PRESENT: Paula Brouillette, Don Gonynor (Chairman), Mark Dunleavy (Vice-Chairman), Shirley Mosczynski, Ellie Chesebrough, Clark Rowell (Unibank), William Cundiff (Town Engineer).
ABSENT: Betty Ann Therrien, Dean Iacobucci, Mike Guzinski (Executive Administrator).

Chief Gonynor noted the figures that were prepared for this meeting regarding the construction costs for municipal projects. In addition, he noted, Mr. Clark Rowell is here to present some figures to the Committee. Chief Gonynor noted as a result of the last meeting the Committee has agreed to move forward on the renovation of the Library and the design of the Police Station/Highway Garage project, as well as the sewer extension.
Mr. Rowell indicated he received figures from Mr. Guzinski as well as from Mr. Cundiff to prepare his presentation. He discussed the amortization process of the design. He noted that when referring to study versus design, State Law dictates that funds cannot be borrowed for the purpose of a “study” however; they can be borrowed for “design”.
Mr. Rowell discussed different financing approaches and the impacts. Option 1 – is for two bond issues. One is for the Library including the design projects, and the other for the Police Station/Highway Garage/Sewer. Option 2 – Notes that are rolled into one bond issue. Option 3 – is similar to Option 1 excluding the sewer. Option 4 – is similar to Option 2 excluding the sewer.
Mr. Cundiff reviewed the numbers regarding the construction costs. He noted these are rough square footage costs for budgetary purposes. In 2012, once the needs analysis and site testing is done more definitive costs will be known. Ms. Brouillette noted that approximately $2,200,000 is what was anticipated to go to Town Meeting for. This would include the renovation of the Library and the design of the safety complex. Much discussion held. The process of presenting the information to Town Meeting was discussed. It was noted that many unknowns have to be answered prior to going to the Town for construction costs. It was agreed to move forward with going to the Town for the costs of the renovation of the Library and the design of the safety complex. The importance of being able to answer the questions presented was noted.
March 22, 2010 at 6:30 PM will be the next meeting. The other capital projects will be rated at that time.
Ms. Mosczynski made a motion to adjourn the meeting at 8:25 PM. Ms. Brouillette seconded the motion. Vote unanimous.

Respectfully submitted,

Lisa Lannon, Recording Secretary
Lisa Lannon
Posts: 160
Joined: Thu Jan 22, 2009 10:34 am

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