2013-05-29-AC-min - Laserfiche WebLink

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May 29, 2013 Minutes 4. Minutes: The Committee was not prepared to approve any minutes 5. Next Meeting: The Committee agreed to schedule the next meeting for Thursday, June 6, 2013, and another meeting on Wednesday, June 12, 2013. 6. Special Town Meeting Warrant: Article 3 "Technical Correction to Article 2 of the March 18, 2013 Special Town Meeting — Land Purchase Off Marrett Road" — Rob Addelson described the article as a technical fix to the original appropriation. The wording of the motion approved in March stated that $3,560,000 was to be raised from the tax levy, which when combined with other appropriations would exceed the currently estimated amount of the tax levy that will be available in FY2014. This Article would adjust the funding so that $1,085,778 is raised from the tax levy, and the remaining $2,474,222 is raised from the unreserved fund balance of the General Fund (aka "Free Cash "). There was a motion to recommend approval of Article 3. The motion passed. VOTE: 8 -0 Article 2 "Approve TIF Agreement(s)" — Ms. McLeish suggested that it would be helpful if the staff prepared, as background for evaluation of a possible TIF arrangement with uniQure, a review of the Shire TIF, including a comparison of the original projections presented to Town Meeting versus the current status in terms of jobs created and tax revenues. Mr. Valente agreed that this would be a useful addition to his report on Article 2. 7. Executive Session: A roll call vote of the Committee was taken on a motion by the Chair to go into executive session to discuss the uniQure TIF matter under exemption 6 (to consider the purchase, exchange, lease or value of real property) and exemption 7 (to comply with, or act under the authority of, any general or special law or federal grant -in -aid requirements) following a declaration that an open meeting may have a detrimental effect on the negotiating position of the Town. The motion was unanimously adopted, each member present having voted in the affirmative. 8. Adjournment: The meeting exited from executive session and was adjourned at 9:45pm. A list of documents and other exhibits used at the meeting is set forth below. Respectfully submitted, Glenn Parker Chair, Appropriation Committee Approved June 6, 2013 Exhibits 1. Meeting Agenda posted by John Bartenstein, Vice Chair and Secretary 2