Draft Minutes: August 12, 2008
Approved: August ___, 2008
TOWN OF LYME
C.I.P. COMMITTEE
August 11, 2008
1. The meeting was opened at 7:00 pm with Selectman Dick Jones presiding, and the following in attendance: Dick Jones, Mike Smith, John Stadler and Francesca Latawiec (planning and zoning administrator)..
2. The minutes of July 28th were approved as submitted.
3. There was a general discussion of the meetings held to date with the department heads. Currently the following capital projects have been identified:
a. Recreation playing field
b. General Government new Town offices
c. various vehicles and equipment (including fire safety and computer upgrades) In addition to the above, the possibility of an addition to the school was discussed. When this would be required will be dependent on the rate of growth in enrolment and may not be necessary until the existing school bonds are paid off in 2014.
Discussion of the fire station and fire trucks & equipment will follow interviews with the fire chief.
4. Dick then led a discussion of the projected rates of growth in operating expenses, revenues and the tax base. Historic rates were compared with the OEP “CIP Handbook” recommendations. It was agreed to initially use 8% for operating expenses, 5% for operating revenues and 3% for the tax base.
5. The meeting adjourned at 7:52.
R. G. Jones
recorder pro tem
THE NEXT MEETING WILL BE HELD AT 7:00 PM ON MONDAY, AUGUST 25th IN THE SELECTMEN’S OFFICE.
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