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 TOWN OF OLD
SAYBROOK Board of Finance |
302 Main Street Old Saybrook, Connecticut 06475-1741
MINUTES REGULAR MEETING NOVEMBER 18, 2008 at 7:30 P.M. MIDDLE SCHOOL LIBRARY SHEFFIELD STREET |
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I. CALL TO ORDER Chairman, Carl Fortuna, called the November 18, 2008 regular meeting of the Board of Finance to order at 7:30 p.m.
Attendant Members Absent Members
Carl Fortuna, Chairman George Whelen, Vice Chairman
Robert Finch
Lee Sparaco
David LaMay
John O’Brien
Glenis G. Caouette
John O’Brien
ATTENDANT STAFF:
Michael Pace, First Selectman
William Peace, Selectman
Barry Maynard, Tax Collector
Sarah Becker, Town Clerk
Gerri Lewis, Clerk
COMMENTS FROM THE PUBLIC: Several questions were raised as follows: the septic system at the KHCAC and who is paying for it; Town Budget; 1 Main Street tax assessment. Selectman Peace commented that the commercial property at 1 Main Street was leased by theTown for $1.00/yr for a leased term of 99 years. Chairman Fortuna said he would speak to the Tax Assessor re 1 Main Street.
MINUTES: Mr. Fortuna asked for a motion on the minutes of September 2, 2008.
Motion: To approve the minutes of October 21, 2008 as presented. Moved: D. LaMay Second: L. Sparaco
Discussion: Mr. O’Brien noted that he was listed twice on page 4.
Motion: To approve the minutes of October 21, 2008 as discussed and corrected. Moved: D. LaMay Second: L. Sparaco Approved: C. Fortuna; L. Sparaco; R. Finch; G. Caouette;
D. LaMay; J. O’Brien 6-0-0 |
SELECTMAN’S REPORT:
Selectman Pace reported that the revenues are down from the State of Connecticut. Mr. Pace reported that as far as state funding, we don’t get much money to begin with and the Town doesn’t depend on that revenue. He did note that the BOE does depend on that revenue. He commented that he felt that because of the BOS’s finance model from 8 years ago, our Town is doing OK. The Town is looking at HSA’s (Health Savings Accounts) with a high deductible to reduce costs.
Barry Maynard, Tax Collector, reported that he was starting to see receipts and revenue from people who go south for the winter. Mr. Maynard commented that we are on target right now.
Sarah Becker, Town Clerk, noted that real estate transactions were significantly down.
TREASURER’S REPORT: Treasurer Fish was absent from the meeting. The General Fund Operating Budget for fiscal year 2008/09, Monthly Report ending October 31, 2008 was handed out to the Board by Ms. Lewis.
ESTUARY TRANSIT DISTRICT REQUEST FOR ADDITIONAL FUNDS:
Mr. Pace noted that the Estuary Transit District has had 2 directors in 3 years. Since then, the Board has new members. Mr. Pace also noted that he was working with Ms. Caouette, CPA, with regard to operational costs and the budget. The formula comprises density/location/riders. Mr. Pace reported that a professional transportation company was being hired to run the district at a fixed price contract. The BOS requested that the BOF allow them to run the “political subdivision” line item at a defecit until the end of the current year.
Motion: To authorize the BOS to run the line item under, “political subdivisions” of the Town’s operating budget at a deficit until the end of the year, to pay a 1 time contract fee of $10,468.
Moved: L. Sparaco Second: R. Finch
Discussion:
Approved: C. Fortuna; L. Sparaco; R. Finch; G. Caouette; D. LaMay;
Abstained: J. O’Brien 5-0-1 |
CHAIRMAN’S COMMENTS AND CORRESPONDENCE:
Chairman Fortuna read a letter from Tax Assessor, Norman Wood noting that the property at 1 Main Street was being taxed at zero for this fiscal year.
PUBLIC COMMENT: A discussion followed with regard to 1 Main Street.
Chairman Fortuna asked Ms. Lewis, Clerk, to add the Police Commission to the next agenda and Mr. Finch requested that Founders Park be added also.
Motion: To adjourn at 8:19 p.m.
Moved: R. Finch Second: D. LaMay
Discussion: None
Approved: C. Fortuna; L. Sparaco; R. Finch; G. Caouette; D. LaMay; J. O’Brien 6-0-0 |
Respectfully Submitted,
Gerri Lewis, Clerk
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