Town of South Windsor, CT Agendas & Minutes Archive - Town Council Regular Minutes 11/15/2010

Town Council Regular Minutes 11/15/2010

TOWN COUNCIL

TOWN OF SOUTH WINDSOR

Regular Minutes Page 1 November 15, 2010

TOWN COUNCIL – Regular Meeting

Council Chambers – South Windsor Town Hall

Prior to the start of the meeting, Mayor Pelkey presented a proclamation to Jim and Sandy Varney who are the owners of Varney Farms thanking them for their tireless efforts, contributions and commitment against hunger.

1. Call Meeting to Order

Mayor Pelkey called the Regular Meeting to order at 8:00 p.m., recessed the Regular Meeting in order to finish the Work Session and then reconvened the Regular Meeting at 8:09 p.m.

4. Roll Call

Members Present: Mayor John Pelkey

Councillor Gary Bazzano

Councillor Tom Delnicki

Councillor Janice Favreau

Councillor Kathryn Hale

Councillor Kevin McCann

Councillor Cary Prague

Councillor Keith Yagaloff

Members Absent: Deputy Mayor Havens

Also Present: Matthew B. Galligan, Town Manager

5. Public Input

Mr. John Bassilakis of 220 Laurel Street requested that the wording for Item 17. J. on the agenda be changed to read South Windsor resident input or South Windsor taxpayer input instead of citizen input. Mr. Bassilakis felt that the residents of South Windsor should not be limited when speaking and individuals who are not taxpayers should not have the opportunity to speak on this issue because they will not be affected by this project.

Mr. George Marcotte of 24 Podunk Circle came to speak in favor of the Bark Park. Mr. Marcotte stated that he feels the Bark Park is in the right location. The individual who is complaining about the Bark Park has more of an issue with the traffic.

ITEM:

5. Public Input (Continued)

Mr. Michael Sullivan of 24 Jared Court stated he is very surprised that the Town Council would allow a resident to talk about another resident. It is the Town Council’s responsibility to make sure procedures were followed for the establishment of the Bark Park, even if just for one resident.

Mr. George Hill of 20 Andreis Trail stated that his and his wife’s position is not to close the dog park. Mr. Hill said that his wife only has said that the dog park is a nuisance because of the noise and nothing has been done. There was never an opportunity to speak regarding the creation of the Bark Park and a hearing notice was never sent to us because there was no hearing. Funds were never appropriated and the Town Council never approved this issue. The dog park should not be located in anyone’s neighborhood. The dog park should be phased out to a new location. Mr. Hill then stated that he and his wife have threatened to sue the Town unless a suitable solution is not sought.

Ms. Nancy Yario of 20 Andreis Trail came forward and stated that the Bark Park should be moved to another location in Town. When the park first opened it was stated that the park was part of the Town’s Park and Recreation master plan. The plan that I was shown on September of 2008 did not show the Bark Park. Ms. Yario explained that she had sat down with the Town Manager to negotiate different items, but when she received the letter of the negotiated items, the letter had different items then what was discussed.

6. Environmental Health & Safety Message

Mr. Karl Reichle, Tree Warden for the Town of South Windsor came forward to inform the Town Council that on November 3, 2010 the Town was presented an award on behalf of the citizens of South Windsor from the Connecticut Urban Forest Council. The plaque reads “The Connecticut Urban Forest Council – outstanding municipal tree program presented to the Town of South Windsor in recognition exemplary practice of urban forestry at a community level”. This was based upon the Memorial Tree Program that was implemented on the 40^th Anniversary of Earth Day. The Town was able to sell and plant 40 trees throughout the Town of South Windsor.

ITEM:

7. Adoption of Minutes of Previous Meetings

BE IT RESOLVED that the South Windsor Town Council approves the Minutes of the following Town Council Meetings: Work Session of November 1, 2010; and Regular Meeting of November 1, 2010.

Was made by Councillor McCann

Seconded by Councillor Delnicki

Councillor Favreau made a motion to amend the Regular Minutes of November 1, 2010. Under Environmental Health & Safety there was a statement made regarding Diabetes Month and it has Councillor McCann making the statement when actually it was Councillor Favreau. Mayor Pelkey seconded the amendment; and it was approved, unanimously.

Mayor Pelkey called for a vote on the amended minutes; it was approved, unanimously.

8. Public Petitions

Mr. George Marcotte of 24 Podunk Circle presented the Town Council with a Petition regarding the Bark Park.

9. Communications from Officers and Board Directly Responsible to Council

None

Councillor Bazzano made a motion to Suspend the Rules in order to go to Item 17. K. Councillor Delnicki seconded the motion and it passed on a Roll Call vote of 7 to 1 with Mayor Pelkey, Councillor Bazzano, Councillor Delnicki, Councillor Favreau, Councillor McCann, Councillor Prague and Councillor Yagaloff voting in favor of Suspending the Rules; and Councillor Hale voting in opposition to Suspending the Rules.

ITEM:

17. New Business

K. Discussion Item: Bark Park (requested by Town Manager)

Mr. Galligan began discussions stating that after meeting with Ms. Yario, he was under the understanding that the terms for resolution of issues with regard to the Bark Park were agreed upon. The cost to establish this park as it is presently was between $28,000 to $30,000. The cost to phase out the park and create a park in another location would be approximately $125,000 to $150,000 which will need to be done with an appropriation to the Town. This is a decision the Town Council will have to make. The Town Attorney advised me that there is a statute of limitation for anyone to file a lawsuit which will be up in a few days but can be extended by the Town Council.

Answering questions from the Town Council, Town Attorney Dwight Johnson explained that he would have an answer on whether the Town needed to do an 8-24 referral for the creation of the Bark Park by the next meeting. The extension for the amount of time a lawsuit can be filed should be done tonight if that is something the Town Council would like to do.

Councillor Yagaloff stated that he is frustrated that this issue has even arisen and would not have happened if the Town had followed the correct process.

Councillor Hale called for a Point of Order and stated that discussions should be held in Executive Session. Town Attorney Johnson stated that if discussions get into the merits of a lawsuit then this issue should be brought to Executive Session. At this point, Councillor Hale left the room.

Councillor Yagaloff then stated that a public hearing should have been held prior to the establishment of the Bark Park. To fix this the Town Council should take the Town Manager’s suggestion and give sufficient funds to move the park around and go through the correct process.

Councillor McCann felt that it is bad policy for the Town to fund changes to a park based on complaints from one neighbor. The Town may need to expend minimum funds to put signs in and expand the trail but to move or change the park significantly is not a benefit to residents and Councillor McCann stated he would not support that.

ITEM:

17. K. (Continued)

Councillor Bazzano requested to be able to see the emails from Ms. Yario and questioned how far her house is from the Bark Park? Councillor Bazzano requested an update regarding this issue from the Planning & Zoning Commission. Mr. Galligan stated he would have Michele Lip write a report on what was handled at the Planning & Zoning Commission level regarding this issue.

Councillor Hale stated that she left the room because she felt that it is inappropriate to have discussions on an item when there is a threat of a lawsuit. This item should have been discussed in Executive Session

Councillor Hale made a Motion to add a new item to the agenda, Item 17. M. which would extend the Statute of Limitation and give Mr. Hill and Ms. Yario a longer period of time to negotiate the issues regarding the Bark Park and if items can not be negotiated a lawsuit could be filed at a later time. Mayor Pelkey seconded the motion; and it passed on a Roll Call vote of 6 to 2 with Mayor Pelkey, Councillor Bazzano, Councillor Delnicki, Councillor Favreau, Councillor Hale and Councillor Yagaloff voting in favor of adding a new item to the agenda; and Councillor McCann and Councillor Prague voting against adding a new item to the agenda.

Mayor Pelkey made a motion to Suspend the Rules in order to go to Item 17. M. Councillor Yagaloff seconded the motion; and it passed on a Roll Call vote of 7 to 1 with Mayor Pelkey, Councillor Bazzano, Councillor Delnicki, Councillor Favreu, Councillor Hale, Councillor Prague and Councillor Yagaloff voting in favor of suspending the rules; and Councillor McCann voting in opposition to suspending the rules.

Resolution Authorizing Town Manager, Matthew B. Galligan to Enter into a Tolling Agreement with Respect to a Potential Lawsuit Regarding the Bark Park with Mr. Hill and Ms. Yario

BE IT RESOLVED that the South Windsor Town Council hereby authorizes Town Manager, Matthew B. Galligan with consultation of the Town Attorney, to enter into a Tolling Agreement with respect to a potential lawsuit regarding the Bark Park with Mr. Hill and Ms. Yario for a period of not more than four months.

(Resolution Continued on Next Page)

ITEM:

17. M. (Continued)

Was made by Councillor Hale

Seconded by Mayor Pelkey

Councillor Yagaloff made a motion to amend the resolution to read two months instead of four months. Councillor Hale suggested three months and three months was accepted as a friendly amendment. The Resolution to read as follows:

Councillor McCann felt that it would not help the Town to extend the Statute of Limitation because Mr. Hill and Ms. Yario want the Bark Park eliminated.

Mayor Pelkey called for a vote, the motion passed on a Roll Call vote of 6 to 2 with Mayor Pelkey, Councillor Bazzano, Councillor Delnicki, Councillor Favreau, Councillor Hale and Councillor Yagaloff voting in favor of this motion; and Councillor McCann and Councillor Prague voting in opposition to this motion.

10. Communications and Reports from Town Manager

Mr. Galligan reported on the following issues:

Attended the Planning & Zoning Commission on November 9, 2010 and discussed the Amendments to the I-291 Municipal Development Plan as recommended by Bond Counsel and the Redevelopment Agency. The Planning & Zoning Commission approved the Amendments the same night as outlined by the Agency.
Had a meeting with Patrick Hankard and the Superintendent of Schools to discuss the Handicap Accessibility Study that was done at the High School. Some of those areas also pertain to our baseball fields and some of our recreational fields that the High School currently uses. It is my understanding that some of this has a reimbursement. I have asked the Superintendent and Mr. Hankard to apply for the application. I have also

ITEM:

10. Communications and Reports from Town Manager

advised them that due to the financial environment at the State level, we should move forward as quickly as possible. Notes will be floated in January or February so the money will be available to do the work. To make sure we get a favorable reimbursement rate, all of this has to be approved before June 30, 2011. Once the reimbursement rate is locked in, the project can be done during the summer. I suggested that the Board of Education appoint themselves as the Building Committee for this code work. An architect has already been involved, so this item can move forward with the same architect and it will help to meet our deadlines. The Superintendent agrees and she will be discussing this with the Board at their next meeting.

Would like to set a meeting with the Personnel Committee to discuss some issues of importance and get guidance from the Committee as to how they would like to handle these issues. Some of these things are budgetary in nature. The Committee can then make a final report to the Town Council.

The Principal’s for Connecticut Studios are here tonight. At the September 7, 2010 meeting there was a proposal regarding pledging 100% but was not discussed in length. We had not anticipated the Underwriters requesting 100% pledge, but since it has happened Dan Marsh is here tonight to review that issue.
Questions came up regarding new market credits, there are no new market credits in this program. Tried to get those credits but was unsuccessful because the project was not eligible unless the project was moved.
One of the items that needs to be discussed is the ownership of the public improvements. The specifications on the road do meet Town standards, but once that road is in it may hurt the hotel or some of the other areas because of the setback requirements if it is a Town road so that is why they wanted to be public way. The Bond Counsel reviewed the fact that this is in a Municipal Development zone. The Redevelopment Agency does have the power, provided they have a public hearing and when the issue goes back to the Planning & Zoning, they could possibility have their own setback requirements.

ITEM:

10. Communications and Reports from Town Manager

Public Improvement means that anyone from the public who wants to go down and park down there are allowed to. The road that is being proposed was the original from the development plan developed 10 years ago, it has not changed because were the access is, is where the State Traffic Commission is going to allow you to put that road in and if you are going to match it up eventually to the railroad crossing and I-291 there is only one place to put the road so I think way back when what we were hoping to do is every year is to build funds up so the Town could put that road in and control it and make it a public improvement. Most communities would have this ready, they would float a bond and say we are going to float a bond, make all of the public improvements (sewer, water, lines) and then go out and market that parcel to various people throughout the community and throughout the country and say we have a shovel ready industrial park with all of the public improvements. You would have to go to a public referendum and you would be spending again public monies and it will be part of your debt service. TIF financing gives you the ability to take those taxes that you would get from the project and create that same environment but have the developer pay for it in the sense of not paying the taxes but taking bonds out and then having the bonds paid off. Those are two ways you get an industrial park ready for those types of areas. That is something we can go into further discussions at a later time. There is land that is coming back to the Town which will be used for stormwater management.

Mr. Dan Marsh explained that after having discussions with the Underwriters and Municap (TIF expert firm), it was explained in order to get the interest rate that the Town and developers are seeking a pledge of 100% would be necessary. The calendar year commencing April 2013 there actually is the first initial phase of the studio commencing and taxes being paid. That phase is the studio, soundstages one and two and the mill work building. The proposed market value based upon the information that has been preliminarily verified by the Town Assessor, the market value of that particular improvement is 39,990,000. The equalization rate is 70%, the total projected assessed value for incremental purposes is $27,900,000. What happens is the projected tax revenue based upon the mill rate and the equalization rate turns out to be $796,000. Now that means in that particular year there is no debt service being paid because the capitalized interest portion of the bond is paying that so in theory, $796,661 right now without input from the Underwriters is available to go into the Town, it is not pledged for anything. It is not

ITEM:

10. Communications and Reports from Town Manager

pledged for debt service, there is the actual taxes collected from the studio, sound stage one and two and the mill work building. In calendar year starting January 2014 and bond year ending April 1, 2014 the hotel and restaurant are added in the projections. That increases the market value to $68,000,000 and at that point in time debt service was less than the taxes generated in this year because this is the first year that the debt service is paid. In this particular year there is $185,000 in surplus incremental taxes projected. These are based upon the project being built, that represents 13.77% of the incremental taxes created less than 20%. In calendar year starting January 1, 2015 bond term year ending April 1, 2015 the retail is added and that increases the fair market value of the property to $76,000,000. In that year there is a surplus of $385,000 in incremental taxes collected which means in that year the Town will have a transition that the taxes paid to the Town equal 24.88% so in that year they exceed 20%. The following year which is calendar year January 1, 2016 bond year April 1, 2016 the phase II of the studio comes on line and the assessed value jumps to $114,000,000. At that point in time the portion of the surplus incremental property taxes collected projected based upon the development actually equals $1,214,000 which represents 50.93% of the taxes collected. So in the model that has been constructed it is predicated upon the development of the studio and being up and operational and paying taxes in the first year commencing January 1, 2013 through the anticipated completion of the last sound stage. The property value for the improvement goes from 0 to $114,000,000, the taxes collected go from $796,000 to $2,384,000 and in that last year 2016 based upon the full build out of the studio 50.93% of the taxes actually will come to the Town. This information gives the Town Council specific dates based upon what the developer believes to be the development phase of the project.

Mr. Marsh stated that based upon discussion It was his interpretation that the Town is heading in a direction to remove any evidence of private improvement on the property from the tax exempt portion of the financing. So the bond run that you had last week eliminated about $635,000 which was considered to be private. That private improvement was an extension of the public improvements that the Town is making that actually go into the site and they would be funded under what is known as the bad money portion of the bond. So that is what the project will do, the $14,626,000 is what is believed the public improvements that will benefit other developments and the I-291 corridor area as well and hopefully many other real estate developments. The next step is to move towards the direction of getting an independent third verification of the market study for the project which the bond

ITEM:

10. Communications and Reports from Town Manager

buyers are going to want to see. There may be movement in the market and there are potentially new treatments of public improvement that are being considered by congress which may hold the rates lower. There is an extension of Build America Bonds probably into next year and maybe permanently so there will be pressure to push interest rates downward for municipal paper, particularly unrated municipal paper in a way to try to spur development and economic revitalization.

Mr. Galligan stated some of the other items taken out of the budget was a developers fee of $507,030; land transaction of $1,675,500; and sales tax of $165,000. Mr. Galligan stated that there were other adjustments of soft costs.

Mr. Marsh added that the other adjustments were the general conditions and construction management fee as a percentage of construction cost not a percentage of the total budget cost.

Mr. Galligan then explained further that the total of these items taken out of the original budget came to $3,397,113 which was felt would make this a viable deal. There was a resident tonight talking about the interest rate and how it could change, that could happen and is why in the contract is says “what is reasonably and prudent and commercially available” and that is one of the reasons that was put into the contract because the market changes constantly. The Town is going to hire a market expert to verify the numbers and review the project as a whole. This will be the third party verification that the Town is looking for. This project will then be looked at by the Underwriters and the Bond Buyers. There will be a feasibility study done and then the market is going to determine whether bonds will be floated. This is an ever-changing market and you can’t rely on what is given tonight because things could change three months from now and if it changes the Town may not have a deal, and may not be able to move forward with the financing.

Mr. Dan Marsh came forward to explain the special services district. He explained that the special services district for the public and for anyone who still has a question is actually financially good for the project and for the Town. It allows the district to have a contract which is pledged to pay off the bonds that will generate revenue outside of just the taxes because the schedule shows there is not enough tax generated to pay the bond interest rate in 2013, so the special services district tax is the equalizer. It is paid for by the developer and it is a contract that in fact supplements the incremental tax paid by the studio. The special services district provides additional financial security for the project in the form of pledged revenue from the development team and from the operation of the project.

ITEM:

10. Communications and Reports from Town Manager

Mr. Galligan stated that the special service district used to be just one year phase but now has been changed to a seven year phase.

Mr. Dan Marsh stated further that the increment financing program is a way that communities all across the country are helping to fund public improvements and in some cases limit private improvement to spur economic development activity. This particular project is a way to realize a fairly sizable economic development impact not only on the Town but on the region.

Answering questions from the Council, Attorney Panico from Robinson & Cole explained that typically there is a redemption feature in the bonds and if there is money left over in the construction fund of more than $25,000 there is a provision that allows the Town to go out and redeem the bond so the bonds can be taken out of the market.

Mr. Marsh explained to the Council that without the $5,000,000 gap loan from the State of Connecticut, the Town can not close on the bonds.

Council members discussed the firm of Stone & Youngberg. Mr. Marsh explained that Stone & Youngberg are acknowledged to be specialists in incremental financing. Presently they are expanding in New York and in the East and that is why they are hiring a lot of new employees.

Mr. Marsh then answered more questions from Councillor Yagaloff explaining that the 100% pledge of incremental revenues comes in where there is only 50% needed to pay the bond leaving 50% which goes to the Town regardless of the pledge of 80/20 split that is in the Purchase & Sales Agreement. It is collected by the Trustee and then will eventually come back to the Town. The only year where the Town will not get more than 20% of the tax increment is 2014. That year the Town will receive 13.77% as opposed to 20%. Every other year based upon the projections regardless of what the Town pledges, the Town will be getting more than 20% of the revenue generated.

Council members discussed in length the 80/20 pledge versus the 100% pledge. Then Mr. Marsh explained the difference of TIF bonds versus revenue bonds for parking or not for profit bonds. Mr. Marsh stated that he does not think there is an event where TIF bonds have impacted the credit rating of a municipality. Councillor Yagaloff felt that the deal could get brought back to an 80/20 pledge if everyone works together to try to make it work.

ITEM:

10. Communications and Reports from Town Manager

Councillor Delnicki first stated that he is very disappointed that there have been three major issues that have come up that were not discussed with the Town Council (100% pledge, special services district and that others seemed to be aware of these items). Councillor Delnicki then questioned Mr. Marsh if he was comfortable enough with the numbers that he is projecting to put his name and reputation on the line with these numbers? Mr. Marsh responded that he has strongly suggested that a third party marketing assessment be done on the valuation of the financial viability of the studio. Mr. Marsh said he feels strongly that the developer has conservative numbers and is generating numbers based upon a capital structure that makes sense, but the third party verification is necessary. Mr. Craig Stevenson, Economic Development Coordinator explained that the third party verification marketability study is under way now. The Underwriters have already sent it out for RFP to look at firms that specialize in evaluating this type of business. Before one bond is sold, that marketability study will be completed and will be completed to the satisfaction of the Underwriters and the entire team before they even approach anyone to purchase any of these bonds.

Councillor Delnicki requested that the presentation that was done regarding Connecticut Studios on November 8, 2010 be put onto the Town’s website.

Councillor Hale felt that this the best project that has come along in a long time. The Town is getting a better than 80/20 deal and has no cash in the project. There will be $600,000 per year of taxes generated for the personal property that the Town will get.

Councillor McCann stated that he has heard it be suggested that the Board of Education appoint themselves as the Building Committee for the ADA project at the High School. The Public Building Commission has a lot more experience in this area and Councillor McCann felt that they should be in charge of that project. Mr. Galligan stated that because it is code issues and some of those issues have to do with fields he felt it would be better for the Board of Education to handle.

Councillor McCann discussed the potential risks and concerns with this project and then questioned if the taxes are not paid on the property and the Town forecloses on the property, that is the Town is now owner of the property, does the Town then become obligated to pay the bonds? Mr. Galligan explained that if the Town owned the property there would be no taxes generated on the property. The Town would either take the property off the tax roll or sell it to another developer.

ITEM:

10. Communications and Reports from Town Manager

Councillor McCann then stated that if the project is not successful then the Town has the potential for the project to not generate enough taxes for it to be sold to another developer who comes in with a different business model which perhaps would not generate nearly as much taxes as this project. If this property never generates enough taxes to pay off the TIF financing then the Town’s 100% pledge would say that the Town never gets any taxes from this property because anything that is generated by the property gets paid toward those bonds. Attorney Panico answered that this scenario is correct.

Councillor McCann suggested that other potential alternatives be sought for the financing. If the Town provided the road and the infrastructure, it could probably be done for considerably less than the $14,000,000 that is being proposed to be floated in bonds.

Mayor Pelkey made a motion to Suspend the Rules in order to go to Item 17. J. Councillor Bazzano seconded the motion; and it was approved, unanimously

Resolution Setting a Time and Place for a Public Hearing to Receive Citizen Input on the Appropriation of $15,000,000.00 for the Financing of The Connecticut Studios Project and Authorizing the Issuance and Sale of Not Exceeding $15,000,000.00 Special Obligation Revenue Bonds of the Town of South Windsor, Connecticut to Meet Said Appropriation

BE IT RESOLVED that the South Windsor Town Council hereby sets Monday, December 6, 2010, at 7:15 p.m., in the Council Chambers of the South Windsor Town Hall, 1540 Sullivan Avenue, South Windsor, Connecticut as the time and place for a Public Hearing to receive citizen input on the appropriation of $15,000,000.00 for the financing of The Connecticut Studios Project and authorizing the issuance and sale of not exceeding $15,000,000.00 special obligation bonds of the Town of South Windsor, Connecticut to meet said appropriation.

(Resolution Continued on Next Page)

ITEM:

17. J. (Continued)

Was made by Councillor Favreau

Seconded by Councillor Hale

Councillor Favreau stated that the Town is not getting anything from the property now. If the bank forecloses on the developers, they will be paying the taxes on the property. If the Town forecloses and gets the land the Town will not tax itself. The Town will still have a piece of land for sale with public improvements on it. If the Town goes with General Obligation Bonds, the Town is obligated one hundred percent. There are items from executive session that we have agreed upon and the Town’s reputation is on the line for these items.

Councillor Hale felt that the Town should go forward with another public hearing.

Councillor McCann stated that the Town is not obligated to anything that comes out of Executive Session. The Town can not agree to anything in Executive Session that would bind the Town or the Town Council. It is premature to have a public hearing on a bond resolution before the Town Council receives the feasibility study (3^rd party verification).

Mayor Pelkey felt that the Town Council has heard from a lot of citizens and a lot more questions have been answered. This is what a public hearing is for and he would be supportive of going forward with this public hearing.

Councillor Yagaloff stated that every individual on the Town Council is in favor of this project and feels the Town Council should stand united in coming to a resolution that is appropriate for the Town.

Mayor Pelkey called for a vote on this Motion, it passed on a Roll Call vote of 7 to 1 with Mayor Pelkey, Councillor Bazzano, Councillor Delnicki, Councillor Favreau, Councillor Hale, Councillor Prague and Councillor Yagaloff voting in favor of approval of this resolution; and Councillor McCann voting in opposition of this resolution.

15. Consent Agenda

Motion to approve Agenda Item 17. A. through 17. I as the Consent Agenda.

Was made by Councillor Bazzano

Seconded by Councillor Delnicki

The motion was approved, unanimously

ITEM:

17. New Business

A. Resolution Appointing Phil Koboski (R) to the South Windsor Agricultural Land Preservation Commission and Postponing Consideration of this Motion until the Town Council’s Next Regularly Scheduled Meeting

BE IT RESOLVED that the South Windsor Town Council hereby appoints Phil Koboski (R) to the South Windsor Agricultural Land Preservation Commission for a term ending November 30, 2013 to fill the expired term of Frank Intino and postpones consideration until the Town Council’s next regularly scheduled meeting.