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HomeMy WebLinkAbout1997-10-09-AC-MIN.pdf APPROPRIATION COMMITTEE OCTOBER 9, 1997 COMPTROLLER'S OFFICE, 7:30 PM Present: P Lapointe, P Hamburger,R Pawliczek, S Coit,R Colwell, A Levine, I • Mroczowski, J Ryan, C Hornig, W Kennedy,K Dooks, C Mahoney * C Mahoney discussed the Cary Library project. The Town has received a State Library Grant in the amount of$ 2,861,621, with the Town's responsibility being $ 2,463,888 and the balance of the project being the responsibility of the Trustees and their fund raising. The estimated cost of the project has increased by an estimated $ 1,050,000 due to a change in the design ( an additional 5,000 sq.ft) and the costs associated with the temporary housing of the library in Cary Hall. The Trustees have pledged$ 1,000,000 of the Library Endowment. The Trustees intend to raise private funding within two years. * MOTION: Recommend approval of increase in bond authorization by $1,050,000 to $ 8,900,000. Unanimous *General discussion of the School Capital Project. Discussed Phase II and the fact that the AC must be prepared to discuss the issue if it is brought up. * MOTION: Recommend approval of$ 70,900,000 school capital request. * Motion to adjourn ac10.09