2010-09-22-AC-min - Laserfiche WebLink

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September 22,2010 It was noted that the supplemental transfer, together with the previous transfer of $150,000 would bring the original reserve fund balance of$550,000 to just $150,000. Mr. Valente stated that it would be appropriate to consider at a special town meeting, as part of an overall funding plan for the Estabrook remediation, an appropriation to replenish the Reserve Fund to its original level. 2.Recap of September 14 CPA Summit. The Committee discussed briefly the summit that was held on September 14 to address policy and planning issues relating to the selection and funding of projects under the Community Preservation Act (CPA). There was general agreement that the summit had been helpful and productive although no major decisions had been reached. 3.Miscellaneous Matters. Rob Addelson reported on the progress of the street light replacement program. Bids have been received for the project to move ahead and he expressed confidence that the prerequisites for obtaining the promised NSTAR rebate would be met. Mr. Addelsonalso reported that progress was being made to develop a job description for a minute-taker for the financial committees, and that a hiring process would begin in due course. He also reported that work was underway to develop water and sewer rate requests in anticipation of an information sessionand a public hearing to be conducted before the Board of Selectmen on October 4 and 21, respectively. Minutes of the meetings held on April 26, April 28, May 5, and August 23 were reviewed and approved. The meeting was adjourned at 9:40p.m. A list of documents and other exhibits used at the meeting is attached. Respectfully submitted, John Bartenstein ApprovedAugust 18, 2011 -2-