Minutes of the Board of Finance meeting held on Thursday, May 25, 2006 at 7:30 p.m. at the Lyme-Old Lyme Middle School.
Present: Regular Members: Mark Diebolt, H.P. Garvin, III, Christopher Kerr, Andrew Russell, David Woolley
Alternate Members: Adam Burrows
Absent: Regular Members: Wayne Devoe
Alternate Members: Judy Read, Janet Sturges
Timothy C. Griswold, ex-officio
Bonnie Reemsnyder, Selectwoman
______________________________________________________________
Mr. Diebolt called the meeting to order at 7:43 p.m. following the Special Town Meeting which was held to approve the appropriation of an additional sum of $63,500 in the Town budget for the year July 1, 2006 through June 30, 2007, to be allocated to Old Lyme Fire Department apparatus acquisition fund, as recommended by the Board of Finance.
A motion was made by Mr. Garvin, seconded by Mr. Russell to move the mill rate for the Town of Old Lyme for the fiscal year 2007 be set at 17.8.
Mr. Griswold discussed a request for an appropriation of $10,000 to Capital Administration – Town Hall Expansion, to fund expenses to be incurred by the Town Hall Expansion Committee. Previously the Board of Finance approved $8,000 for an option on the Speirs property at 50 Lyme Street. Mr. Griswold said that the Committee must obtain a survey and soils analysis of both the 50 and 52 Lyme Street parcels. In addition, the Committee needs a program analysis done of the various departments within the Town Hall in order to estimate the size of the contemplated addition and the extent of renovation required for the existing Town Hall. Each of these tasks is estimated to cost about $4,000. The remaining $2,000 would be available for miscellaneous expenses.
Mr. Griswold said the $8,000 option and the requested $10,000 should enable the Committee to select an architect and inform the voters about the expansion plans. Later this summer, the Committee will be in a position to recommend whether or not to exercise the Speirs property option and move forward with the schematic design of the Town Hall addition. The best estimate of what funds will be needed is as follows:
Speirs Option $350,000
Demolition of house $ 20,000
Schematic Design $ 40,000
Miscellaneous $ 20,000
$430,000
Board of Finance Meeting May 25, 2006
When, and if, this amount is finalized, it will require Selectmen, Planning, Finance and Town Meeting approval.
A motion was made by Mr. Russell, seconded by Mr. Woolley to appropriate $10,000 into the Capital Outlay – General Government for Town Hall Expansion. Motion carried.
The next Board of Finance meeting is scheduled for Tuesday, June 20, 2006 at 7:30p.m at the Memorial Town Hall.
A motion was made by Mr. Kerr, seconded by Mr. Woolley to adjourn the meeting at 7:52 p.m. Motion carried.
Respectfully Submitted,
Michele Hayes-Finn
Secretary
| 
