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October 13, 2010 <br />Possible Special Town Meeting. Glenn Parker reported that he had attended a meeting <br />earlier in the day to discuss the possibility of holding a Special Town Meeting (STM) later in the <br />fall. The impetus is to adjust the budget for the costs of the PCB remediation at Estabrook <br />School (approximately $661,000 has been expended to date, of which $400,000 was covered by <br />this committee's recent transfers from the Reserve Fund). If the meeting is to be held, an article <br />addressing adjustments between salaries and benefits for the results of collective bargaining <br />concessions made by unions would also be included. The consensus at the meeting was that it <br />was preferable to catch up with the spending that has occurred to date and to replenish the <br />Reserve Fund. The Selectmen will meet on October 20 to make a decision on whether to call a <br />STM Rob Addelson indicated that the cost of a STM would be approximately $4,000 to $6,000. <br />In addition to addressing the Estabrook School PCB costs and health benefit transfers, the <br />warrant might also include articles for an adjustment to the water and sewer budget, some action <br />to address the CPA revenue shortfall discussed in item 2 above, and potentially a bond issuance <br />for future PCB remediation costs. The committee is neutral in its support of a Special Town <br />Meeting. <br />4. Water and Sewer Rates. John Bartenstein reported that Town Manger Carl Valente <br />presented a proposal for the FY2011 water and sewer rates at the last Board of Selectmen <br />meeting held on October 24. The recommendation was for a 0.7% increase in sewer rates and a <br />3.7% increase in water rates, for a combined increase of 1.7 %. There will be a hearing at the <br />BoS meeting on October 25, after which the rates will be set. <br />5. Assessment Issues. John Bartenstein and Joe Pato reported that they had attended a <br />meeting of the Board of Assessors at which questions raised by Patrick Mehr on the TMMA list <br />about the process for assessing commercial properties were addressed. In particular, the Board <br />discussed the question whether the rezoning of a commercial property by Town Meeting to <br />allow a higher density ipso facto results in a higher valuation that may be recognized by the <br />Town as new growth, even before any construction has commenced. The Board of Assessors <br />will be discussing the subject further at a meeting this Thursday, and also are considering making <br />an updated presentation, similar to one made several years ago, to Town Meeting Members on <br />the commercial assessment process. <br />6. Future Meetings. The committee will meet next on Wednesday, Oct 27 and on <br />Wednesday, November 3. <br />The meeting was adjourned at 9:43 p.m <br />A list of documents and other exhibits used at the meeting is attached. <br />Respectfully submitted, <br />Susan McLeish <br />Approved December 6, 2010 <br />2 <br />