HomeMy WebLinkAboutLexington Financial Study Committee charge, 1964-09-28 It was unanimously agreed that Mr. Carroll should go
as far as he can go and then return to the Board with an
estimate of cost and what the various ideas are.
Mr. Cataldo said the Board has discussed zoning
and as it looks now, he thougat the Board should take
a different approach on getting something done . He
pointed out that something is needed in the way of
zoning with the financial picture as it is . He said Rezoning
his thinking was for the Board to take the initiative
itself He asked what the tax rate would look like
five, eight or ten years from now if additional revenue
is not received from areas other than residential He
said he did not think the Board could wait for other
committees, and figures should be compiled by January and
have the complete picture to present to the people.
Mr. Sheldon said Mr. Cataldo 's thought wrs to form
a committee.
Mr. Cataldo said the Selectmen were going to have
to take the initiative and get this done .
Mr . Sheldon said the Town has to be given the
information.
Mr Cataldo explained this should be attacked with
no specificcrezoning projects in mind, just to show the
people what the financial picture will be if the Town
does not get any assistance.
Mr. Sheldon suggested that the members of the Board
come in next Monday night with recommendations, and asked
about the size of the committee .
Mr. Cataldo suggested that a five-man committee
should be the maximum. He said he did not like to
draw on other boards or committees because of the time Committee
involved, especially when it is so close to budgets and
Town Meetings He said whatever yelp the Boards can
give should be obtained but they should not be relied
upon entirely as being a working committee. He also
recommended that two good financial men be considered
for appointment to the committee and explained that it
would require someone who has time to devote to the
School Department and its operating budgets and to the
Department of Public Works .
It was agreed to be prepared to appoint such a
committee at the next meeting.
Mr. Carroll retired at 8 :05 Y.M.
Pursuant to provisions of Chapter 139, Section 1,
of the General Laws, as revised, hearing was declared
open relative to the conditions of property believed Cummings '
to be owned by Bevel L. Gmmmings, 48 Wildwood Avenue, hearing
and located at 475 Massachusetts Avenue, Lexington