2019-01-10-CPC-min - Laserfiche WebLink

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Mr. Filadoro left the meeting at 5:04 PM and did not return. Mr. Shiple left the meeting at 5:04 PM and returned at 5:54 PM 2) Executive Session Under Exemption 6-The CPC discussed if Melissa Battite, Carolyn Kosnoff, and Wendy Manz should be permitted to join the Executive Session under Exemption 6. The purpose of the session would be to discuss two land acquisitions. It was decided that Ms. Battite, Ms. Kosnoff, and Ms. Manz would be allowed to stay. After a motion duly made and seconded, it was voted by roll call (9-0) to enter into Executive Session at 5:05 PM under Exemption 6 to consider the purchase, exchange, lease or value of real property and to reconvene in open session; the Chair declaring that an open meeting might have a detrimental effect on the negotiating position of the Town. At 5:26 PM, after a motion duly made and seconded, the CPC voted in a roll call vote (9-0) to exit Executive Session and return to Open Session to attend to the remain agenda items. 3) Debt Service- Ms. Kosnoff stated that for FY20 the amount of debt is approximately 55%to 56% of new income and that she does not recommend going over 50% debt. Mr. Hornig suggested that a guideline be put in place similar to the guideline that the CPF endeavors to maintain a fund balance of $2 million after each year's projects. The proposed guideline would be that the CPC should not take on debt of more than 50% of its annual revenues in a year. The Committee agreed with Mr. Hornigs statement and decided to make the request an agenda item and vote on the guideline at the next CPC meeting on 1-17-19. After reviewing the CPF balance it was decided to allot $2 million dollars to Recreation for 4 projects including the IMA, Old Reservoir Bathhouse, Parks Improvements-Athletic Fields, and Park Improvements- Hard Court Resurfacing. The Committee decided to let Recreation prioritize their projects. 4) 2019 ATM Citizen's Article-The proposed citizen's article to reduce the CPA tax surcharge from 3%to 1%was discussed briefly. Ms. Kosnoff stated that if the CPA surcharge were to be reduced to 1%then the CPC would not be able to fund any new projects and all revenues would be applied to debt. Due to time constraints the agenda item was not fully discussed. The agenda item will be addressed at the next meeting on 1-17-19. Ms. Battite left the meeting at 5:50 PM and did not return. 5) Vote for FY20 CPA Funding-The Committee decided to vote to approve projects for FY20 funding but not on the actual dollar amount. It was decided to send a draft of the 2019 Warrant to Ms. Axtell with "TBD" as the dollar amount for each project. The CPC issued votes on the projects as follows: 3