2009-12-16-CPC-min - Laserfiche WebLink

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Town Meeting in spring of 2009, would be necessary to secure the bonds. Mr. Addelson responded that no additional monies would be needed. There was some discussion of the issue of simply paying $2 million in cash, rather than front-end loading the bond. The assembled group agreed, however, that bonding would be simpler since it would not necessitate a vote of Town Meeting. The issue of paying for large CPA projects in the future was raised. There had been a suggestion made at the last financial meeting that any project over $1 million be automatically bonded. Members of the CPC discussed this, and noted that there would be several such projects coming up, including the Fire Station, Police Station and Stone Building. (The issue of the Cataldo and Goldinger parcels was also briefly mentioned.) The CPC and others felt there should be flexibility on how these projects might be funded, and that automatic bonding might not be necessary or justifiable. Selectmen Peter Kelley expressed his opinion that the CPC should not be “an open checkbook” or commit funds they did not have. Molly Garberg of the AC added her opinion that a $1 million dollar project should not be an automatic trigger for bonding, and that the CPC should develop guidelines for prioritizing projects. Ms. Weiss then asked for a consensus on the four scenarios presented by Mr. Addelson, and it was agreed that the fourth scenario, a 3-year front-end loaded bonding of the entire $4.197 million purchase price would be the best alternative. The CPC unanimously voted to recommend this scenario to the Selectmen. The vote was 7-0 in favor (Mr. McSweeney and Ms. Shaw were not in attendance). The CEC and the AC subsequently voted unanimously to support the decision of the CPC. 2. Cataldo Appraisal Cost s - Ms. Weiss informed the Committee that the CPC received a request for approval to issue a Purchase Order for the payment of the appraisal for the Cataldo (Cotton Farm) property. The RFP for an appraiser has been sent out, and the Town is ready to accept an appropriate bid. The payment of the appraiser’s bill, estimated at $4,700 will be taken out of the administrative line item. ($50,000 had been appropriated to this line item for land planning expenses at the March 2009 Annual Town Meeting.) The meeting was adjourned at 8:35 pm. Respectfully submitted, Nathalie Rice Administrative Assistant Community Preservation Committee 2