MINUTES
BOARD OF FINANCE
JANUARY 16, 2007
A REGULAR MEETING of the Board of Finance was held on Tuesday, January 16, 2007 in the Council Chambers.
Those in attendance included Mayor Ryan J. Bingham, members of the Board of Finance Daniel Farley, Bruce Cornish, Mark Bushka, and James Zeller, Corp. Counsel Ernestine Yuille Weaver, and Comptroller Alice Proulx. Board of Finance members James Nichol and Joseph Nader were absent.
Mayor Bingham called the meeting to order at 4:00 p.m.
MINUTES #015
On a motion by Mr. Cornish, seconded by Mr. Farley, the board, with the exception of Mr. Zeller who abstained, voted to accept the minutes of the regular meeting held December 19, 2006, and voted unanimously to accept the minutes of the special meeting held January 9, 2007.
OPEN TO THE PUBLIC #030
On a motion by Mr. Farley, seconded by Mr. Cornish, the board voted unanimously to open the meeting to the public. There was no public participation.
PRESENTATION: ON-GOING PROJECTS #040
Mayor Bingham noted that the Board of Finance was furnished with paperwork in regard to on-going projects prior to the meeting.
Mayor Bingham stated that the Bike Path was delayed somewhat by the DEP and the Army Corps of Engineers when they changed the permitting process half-way through the project; however; it appears as though the project will be put out to bid this spring. He commended Kim Barbieri for all her efforts.
Mayor Bingham noted that the referendum for the renovation of City Hall failed on January 9, 2007, therefore, the city will not go out for bonding.
Mayor Bingham reported that the Downtown Redevelopment Project is up for discussion in terms of how the city will be paying for the project, i.e., in-kind services, federal grants, etc. The city has already allocated “up to” $150,000.00 toward the Torrington Development Corporation for the Municipal Development Plan, which is underway.
In regard to the Main Street Reconfiguration, Mayor Bingham said the city will be asking the state for their share of the funding. It’s possible that the $150,000.00 set aside for the Municipal Development Plan may be used for this project. At this point, there’s no committed schedule for payments or for any allocation of money.
Mayor Bingham informed the board that the first meeting on Vehicle Replacement was held today with the City’s Consultant.
DEDUCTIBLES - CIRMA #180
On a motion by Mr. Cornish, seconded by Mr. Bushka, the board voted unanimously to authorize the payment of $28,451.83 from Contingency to CIRMA for reimbursable deductibles in the following claims, contingent upon the Council’s approval:
Becker - $2,471.00
Blinkoff - $22,329.80
Anders - $3,651.03
BUDGET TRANSFERS: FIRE DEPT. WAGES #225
On a motion by Mr. Cornish, seconded by Mr. Zeller, the board voted unanimously to authorize budget transfers for fiscal year ending June 30, 2007 in regard to Fire Department wages, per the Comptroller’s request dated January 10, 2007, contingent upon the Council’s approval.
BUDGET TRANSFERS: MGMT RESOLUTION #250
On a motion by Mr. Farley, seconded by Mr. Cornish, the board voted unanimously to authorize budget transfers for fiscal year ending June 30, 2007 in regard to Management Resolution wages, per the Comptroller’s request dated January 10, 2007, contingent upon the Council’s approval.
BUDGET TRANSFERS #310
On a motion by Mr. Cornish, seconded by Mr. Bushka, the board voted unanimously to authorize budget transfers for 10/01/06 - 12/31/06, contingent upon the Council’s approval.
PURCHASE SECURITY NETWORK #350
On a motion by Mr. Cornish, seconded by Mr. Farley, a discussion took place in regard to the request to authorize $9,704.00 from Contingency to purchase a military grade, wireless security network from AT&T for the Emergency Management Center. (To be reimbursed by Homeland Security funds.)
Mr. Cornish pointed out that the invoice actually totaled $9,714.35.
Mr. Cornish amended his motion to authorize funds “not to exceed” $9,714.35, pending review of the information from Mr. Vannini and the Council’s approval. Mr. Farley amended his second. Unanimous.
BUS: MAYOR & MEMBERS #490
On a motion by Mr. Cornish, seconded by Mr. Farley, the board voted unanimously to consider business by Mayor Bingham and members of the Board of Finance.
Mr. Farley inquired about CIRMA.
Comptroller Alice Proulx indicated that CIRMA is the city’s liability insurance carrier and Worker’s Comp. as well.
Mr. Cornish inquired about the audit.
Ms. Proulx indicated that the auditors automatically submit the city’s audit to the state. The auditors will make their presentation during the Board of Finance’s February meeting.
Mr. Bushka asked Ms. Proulx how Contingency compared historically with prior years at this time.
Ms. Proulx stated that the only thing impacting Contingency were the deductibles to CIRMA. Other than that, the city is pretty much on track.
Mayor Bingham informed the board that the Municipal Buildings Committee will be asking the City Council to disband at tonight’s meeting. He will ask the board to reappoint a Municipal Renovations Committee. Their charge will be to assess what needs to be done and move forward with a new project. He is looking for anyone expressing a desire to serve on the committee. Applications can be submitted to his office and a two week deadline will be set.
ADJOURNMENT #610
On a motion by Mr. Cornish, seconded by Mr. Farley, the board voted unanimously to adjourn at 4:18 p.m.
ATTEST: JOSEPH L. QUARTIERO
CITY CLERK
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