1990-09-BOS-min - Laserfiche WebLink

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ryra _. L/ GOAL SETTING APPROVAL Mr. White submitted the Selectmen's Goals for formal adoption. Mr. Dailey and Mr. Eddison questioned how with the 2 1/2% tax levy limit, the Fiscal Policy Budgets goal to develop and adopt a budget within reasonable growth limits (3 1/2 %) would be achieved. Mr. White explained that with new growth, increased tax levy, modest 5 % increase of fees and enterprise funds the budget could be balanced within $275,000 which he assumes can be handled in the budget process. Mr. Marshall stated that if all situations stay the same, no override would be necessary. Mr. McSweeney asked if after all the work was completed, any unexpected situations could increase the tax levy beyond 3 1 %? Mr. White responded that the unpredictability of the state revenues and the increases in gas, insurance etc. might create a problem. Mrs. Smith said that she was optimistic that the goal to develop and adopt a budget within the 3 1/2 growth limit could be achieved. She also stated that the need for new programs was necessary, that Human Services must continue to find additional ways to help fund their programs, and that to work towards this goal would be very challenging. Upon motion duly made and seconded it was voted to approve the Selectmen's Goals/Objectives for Fiscal Year 1991, as presented. PINE MEADOWS COMMUNITY DEVELOPMENT ACTION GRANT Mrs. Smith opened a public hearing, the purpose of which was to expla -s: a Community Development Action Grant which may be applied for by the Town r assist in paying the cost to construct the infrastructure needed for the Pill �.rrr Meadows/Meagherville Affordable Housing Development. Mrs. Smith stated that the intent of the hearing is to help develop a financial plan, and the audience should confine the discussion to that issue. Mr. White stated that the application for the CRAG, which would cover 50% of the needed infrastructure reimbursement, might be necessary to help provide gap financing in case the Small Cities application for 100% Grant reimbursement for which the Town has also applied, was denied. The $724,000 needed to build the road necessary to support the 40 units of housing on the PM /M site would be broken down as follows. $300,000 - 1800 lin. ft. berm 20,000 - Clearing land and sewer drainage 75,000 - 840 ft. of sewer main 165,000 - 2200 ft. of water main and hydrants 74,000 - Consulting, Engineering and Traffic Analysis fees The CDAG would provide $362,000 or 50% of these costs. Mr. Eddison asked if it was unusual in the application process for the State to be looking at 2 grant applications for the same project? Mr. White reported that the Town would probably know in October if it would receive the Small Cities Grant, which is the best option, but that the timing necessitated the pursuit of both grants and to also provide the required time to hold a public hearing. He informed the meeting that both grants are available for review in the Town Manager's and Selectmen's offices.