1984-02-BOS-min - Laserfiche WebLink

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3 i� 0 , Y.`� SELECTMEN'S MEETING - February 6, 1984 A regular meeting of the Board of Selectmen was held in the Selectmen's Meeting Room, Town Office Building on Monday, February 6, 1984, at 7: p.m. Chairman Politi, Mrs. Battin, Mr. Sacco, Mr. McLaughlin; Mr. Hutchinson, Town Manager; Mr. Cohen, Town Counsel; Miss Adler, Assistant to the Town Manager and Mrs. Snow, Acting Executive Clerk, were present, Upon motion duly made and seconded, it was voted to approve the minutes of the Selectmen's Meeting held on November 29, 1983 Upon motion duly made and seconded, it was voted to schedule appointments to the Fair Housing Committee on either February 21, or February 27, 1984, as recommended by the Town Manager. Minutes 11/29/83 Fair Housing Committee Upon motion duly made and seconded, it was voted to approve Public Bond , Town Mgi Official Bond for-the Town Manager in the amount of $50, 0 to be issued by the New Hamp Insurance , The Manager reported that he had accepted the bid of Natick Auto Sales, Inc., lowest bidder, in the amount of $56,185, for purchase of six 1984 Police cruisers and three 1984 unmarked sedans. Mr. Hutchinson summarized a projected debt schedule in conjunction with proposed Conservation Commission land acquisition. He reported that a five --year issue would cost over $2,000,000 for $1.7 million of financing. Payments would range from $460, to $363,000. A ten - year i ssue would be $2.5 million with annual principal and interest payments ranging from $306,000 down to $183, on the final payment. A twenty year issue would almost double the cost for a total of 3.3 million with payments ranging from $240,000 down to $92, in the 20th year. He noted that the levy limit is approximately $7 Any of the aforementioned would take a substantial portion of that amount, and the advantage of declining debt would be lost. He strongly recommended against the acquisition proposal and noted that it could compromise the Town's capacity to provide the maintenance and upkeep of essential services. He recommended, if the proposal receives favorabe consideration, that it be considered as an override item excluding the debt service from the levy limit restrictions. Police Cruis- ers, Sedans Debt Sched. Con$ . Land Aquisition The Manager informed the Board that a tentative settlement has DPW Settle- - been reached with the DFw. Among features of the settlement, he ment noted a 6% pay increase, with certain work productivity concessions by the Union. Mr. Hutchinson reviewed his February 6 response to James McDevitt's McDevitt letter which stated concerns.about the Fire Department's budget letter, Fire proposal for replacement of alarm registers and recommended removal of budget all outside fire alarm boxes. The Manager noted that fire alarm boxes are not being installed at this time in new subdivisions but re-