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<br /> <br />Article 23 –Prior Years' Unpaid Bills <br />Article 24 –Amend FY2011 Operating and Enterprise Budgets <br />Article 25 –Appropriate for Authorized Capital Improvements <br />The Committee’s recommendation on the above articles will remain pending until the <br />amounts of any proposed appropriations are determined. <br />Article 26 -Tax Deferrals and Exemptions. Mr. Pato added his vote in the affirmative <br />bringing the Committee vote to: Approved 9-0-0. <br />Article 30 -Town Meeting Procedure. Mr. Pato summarized his write-up of this article. <br />Mr. Bartenstein reported that he had been in discussions with the proponents of this <br />article about several possible changes in the language. A Motion was made and <br />seconded to recommend approval of thearticleas currently written. Vote: Approve 5- <br />1-0. <br />Article 37 -Commercial Assessments. The Committee continued its discussion of this <br />article and the property assessment process. Mr. Addelson, who was absent when the <br />article was previously discussed, noted that commercialassessments are usually based <br />on a capitalization of income method which takes into account rental income and <br />expenses that are not available for vacant property. He cautioned that capturing value <br />based on an up-zoning is speculative,and could expose the Town to claims for <br />abatement and penalties. He also expressed concernthat a resolution questioningthe <br />assessors’methodology could undermine confidence in assessments.Other members <br />commented that the failure to recognize additional value from up-zonings could also <br />undermine confidence in the processand that,if the DOR were to respond to this <br />resolution by giving new guidanceto the assessors, the assessors would be on sound <br />ground if they followed those guidelines. After further discussion, a motion was made <br />and seconded to recommend approval of this article. Vote: Approved 4-2-0 <br />Article 38 -Residential Assessments. After discussion, aMotion was made, seconded <br />andapproved to take another vote on this article. Two members changed their previous <br />votes, bringing the Committee vote to: Approved 6-3-0. <br />The meeting adjourned at 10:10 p.m. <br />A list of documents and exhibits used at the meeting is attached. <br />Respectfully submitted, <br />Andrea Yepez <br />Recording Secretary <br />Approved April 6, 2011 <br />3 <br /> <br />