Laserfiche WebLink
Breadcrumb Navigation:
<br />Hi: As always, comments, amplification, corrections welcome. -Tom G- <br /> <br />Capital Expenditures Committee <br />Minutes November 9, 1999 Meeting <br /> <br />1) Meeting was called to order by the Chairman at 7:30pm. All members <br /> present: Charles Hornig, Shirley Stolz, Narain Bhatia, Tom Griffiths, <br /> and George Burnell. The Appropriation Committee was represented by its <br /> liaison member Deborah Brown. <br /> <br />2) The DPW was scheduled to make a presentation, but, due to a mixup, <br /> no one appeared from DPW. <br /> <br />3) Charles and Tom commented on the Selectmen's meeting they attended. <br /> The capital budget from DPW did not reflect scenario 1. Also presented <br /> there was a proposal to install fiber optic equipment in Town <br /> buildings (including schools) to take advantage of the RCN fiber optic <br /> cabling that will be made available for Town use at no charge. <br /> <br />4) In addition to the Town Departments already contacted, the Committee <br /> expects to contact the Finance Department to hear their capital plans <br /> for the fiber optic cabling, acquisition of a new Alpha, etc. <br /> <br />5) Shirley commented on her progress making scheduling arrangements <br /> for the Town departments for which she is responsible. <br /> <br />6) The Committee began a preliminary discussion of policy. Tom proposed <br /> that the new cash capital policy be set at 6.25% instead of the current <br /> 5%, that the difference (about $1 million) be included on the proposed <br /> override. This non-earmarked increment would be substituted for the <br /> $500,000 in the override currently earmarked for roads. Tom also said <br /> that, in addition to the five-year capital plan the for which the <br /> Committee is responsible, the Committee should also do weak planning <br /> as far out as fifteen years. <br /> <br />7) George suggested that perhaps the Committee should really inventory <br /> its capital needs and plan as far in advance as that inventory <br /> dictates. For example, if we know roofs need to be replaced every <br /> twenty-five years, we inventory our roofs and their current age and <br /> project expenses accordingly. <br /> <br />8) Charles suggested that the availability of resources also had to be <br /> factored in. <br /> <br />9) The meeting ended at approximately 9:15pm. <br /> <br />Minutes by Tom Griffiths <br /> <br /> <br />