HomeMy WebLinkAbout1974-01-08-MMTECH-min.pdf MINUTES of the MINUTEMAN REGIONAL VOCATIONAL TECHNICAL SCHOOL
DISTRICT January 8, 1974
CDPRESENT Mmes. Smith and Wales; Messrs Bilodeau, Courtright, Cron, Hall, Kelsey,
Mollo-Christensen, Morse
ABSENT Mr Merluzzo
VISITORS: Mr Chasan (Staff); Mrs Rubel (Concord LWV); Mr Sonnenberg (Arlington);
Mr True (Wayland); Mrs Uhler (Weston)
The meeting was called to order by the Chairman at 8:25 p.m
The minutes were approved as presented
The Treasurer reported a balance of $5,834 53 in the regular budget account and
$35,424 52 in the construction account
The committee voted unanimously that the sum of $6,388 89, accrued interest from
3/1/73 to 3/5/73 on the issuance of $12,500,000 4.60% School Bonds, be and
hereby is transferred from the construction account to the operating account for use
towards the payment of the second interest payment due 3/1/74 according to
Chapter 44, Section 20, of the General Laws
0 The committee voted unanimously that the sum of $26,794 97, being the balance of
the premium of $46,187.50 paid by the "First Boston Corporation" et al in the
purchase of $12,500,000 4.60% School Bonds, be and hereby is transferred from the
construction account to the operating account for use towards the payment of the
first principal payment due 3/1/74 according to Chapter 44, Section 20, of the
General Laws, the amount of $19,392 53 having been used previously to pay services
incurred by State Street Bank and Trust Company, Boston, Mass , for the issuing
of the aforementioned School Bonds
The Committee voted unanimously to approve the Annual Report as distributed and to
request the Secretary to send a copy to the Town Clerk of each town for inclusion
in the Town Report; also to the Chairmen of Boards of Selectmen, School Superin-
tendents and School Committees, and Town Managers (or Executive Secretaries)
On the recommendation of the Budget Review Committee, the School Committee voted
unanimously to adopt an operating budget in the amount of $1,494,677 and a capital
budget in the amount of $1,842.250
The Committee voted unanimously to apply reimbursement and surplus to the budget
and to assess the district $1,913,000 as shown on the attachment The assessment
will be apportioned to the towns in accordance with the provisions of the Agreement
O The Chairman reviewed briefly the structure of the committee The ad hoc Budget
Review Committee is to hrcome a .landing subcommiftoe The Chairman recommended
the formation of another ,landing committee, the Regional Nanning committee, to work
out a direction and timetable for regional planning Current membership on standing
1974
Minutes -2- January 8, 1974
0 committees is as follows:
Building Cron, Morse, Wales
Education Bilodeau, Kelsey, Merluzzo, Smith
Policies Courtright, Merluzzo, Wales
Regional Planning Courtright, Cron, Kelsey (appointed 1/8/74)
Budget Review Chairman, Vice-Chairman, subcommittee Chairmen
The Chairman requested that each subcommittee elect its own Chairman and consult
with other subcommittees when matters cross lines. He also suggested that all School
Committee members be informed when discussions are to take place.
The Metco subcommittee reported on four options:
1 No Metco program
2 Accepting Metco student applications on the same basis as students
from the town participating in the Metco program
3 Minuteman Metco program
4 A temporary plan based on #2 for the first year, to be continued
during the subsequent year, or to change to #3
The Metco subcommittee plans to gather more information from sending town school
committees on including Metco students in the quotas of towns participating in Metco
on the same basis as resident students. Some sending school Superintendents have
expressed support for this plan, but financial arrangements may be complicated and
uncertain
The meeting was adjourned at 10:00 p.m to be reconvened in executive session.
Respectfully submitted,
(
Ann S Gilbert
Secretary
Approved January 15 , 1974, with the addition noted in
minutes of the meeting of January 15 .
0
Attachment - Minutes of
r r January 8, 1974
DISTRICT ASSESSMENT
if
I OPERATING
Total Operating Budget $1 ;494,677
Anticipated Reimbursement - 297,585
$1,257 092
Unexpended Balance (1972) 4 - 137
$1.256,955
Surplus 22,9aS
Not Operating Assessr:aunt I $1,234,000
a
II CAPITAL
0 Capital Payment $1 ,300,000
Interest Payment �42,2SO
Total Capital Dudget $1 ,842,250
Anticipated Raimbur•semnt 1�109.13�5 'r
739,115
Surplus 60,115
Het Capital A,sessront $ 679,000
Tonal Assessment $1 ,913,000 'I
0
E
NIAR 1 8 1974