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Home My WebLink AboutFCMeetingMinutes_04.08.14(2) 1 TOWN OF NORTH ANDOVER FINANCE COMMITTEE Meeting Minutes Meeting Date April 8, 2014 Meeting Location: Town Hall 2ndFL Meeting Room Meeting called to order: 7:15 Alan LeBovidge AL, Chairman Susan Almono SA X Marta Solof MS Timothy Tschirhart TT X X Karin Blake KB Matthew Remis-MRem X X Dan Leary -DL X Bill Callahan BC Pat Sifferlen, PS, Admin X X Donald Elliot DE x Non FinCom Members in Attendance OTHERS: Diane Huster DH Note: All FINCOM votes are subject to change upon receipt of new information. Note: Documents used in this meeting are listed in Document Table, herein. II. Previous Minutes Approved DATE: 2 AGENDA ITEM A: Vote on Budget, CPA and Financial Articles AL: before we get into vote DH I would like to address not raising the levy limit leaving almost 400K on the table. lose money that could be put into stabilization or the unfunded pension liability. this year you can still go up to the levy limit. It came down to choice to raise it and put into reserve or letting them (the taxpayer) on to it for another year. AL Here to vote on financial Articles Article 15 No discussion Article 16 No discussion Article 17 No Discussion Article 18 No Discussion Article 19 Motion to adopt budget as presented by the Town Manager Article 20 this includes moving 600k from retained earnings Article 21 accept as presented Article 22Accept as presented Article 23 Accept as presented Article 24 See voting sheet on Community Preservation Article 25 this is to create the account Article 26 No Discussion Article 27 No Discussion Article 28 No Discussion Article 29 citizens petition Discussion Selectmen have not voted on this yet. AM This would have been a good discussion to have prior to application. To discuss open space we have. This would appear as a response to approve affordable housing to a judge. ZBA went thru 14 months of evaluations to get to a final design. Complications should the town be successful and won legal challenge the town would have to pay value of land and any other costs the builder has incurred. No issue with concept issue with timing of it. 3 Initials NumMotion Note .Article TitleSponsorMadeAction2ndYNAs 15Set Salaries and Compensation of Elected OfficialsBoard of SelectmenDL FAVORABLEMR80 16Continue and Approve Revolving FundsBoard of SelectmenDL FAVORABLEMR80 17Approve Payment of Prior Years Unpaid BillsBoard of SelectmenDL FAVORABLEMR80 Amend Capital Improvement Plan Appropriation from a Prior 18Board of Selectmen YearDEFAVORABLEMR80 19Appropriation- General Fund for Fiscal Year 2015Board of SelectmenDL FAVORABLEMR80 20Appropriation-Water Enterprise Fund for Fiscal Year 2015Board of SelectmenDL FAVORABLEDE80 21Appropriation-Sewer Enterprise Fund for Fiscal year 2015Board of SelectmenDL FAVORABLEMR80 Appropriation-Stevens Estate Enterprise Fund for Fiscal Year Board of Selectmen 222015DLFAVORABLEMR80 23Appropriation- Capital Improvement Plan for Fiscal year 2015Town Manager DLFAVORABLEMR80 Community Report of the Community Preservation Committee- 24Preservation Appropriation from the Community Preservation Fund CommitteeSEE OTHER SHEET 25Establish OPEB Stabilization FundTown Manager KBFAVORABLEDE80 Transfer of Funds from Health Insurance Trust Fund to OPEB 26Town Manager Stabilization FundDEFAVORABLEBC80 27Transfer to Capital StabilizationTown ManagerKBFAVORABLEDE80 28Transfer to StabilizationTown ManagerBCFAVORABLETT80 29Authorization to acquire Berry Street PropertyCitizen PetitionMRUNFAVORABLEDL70* *TIM TSCHIHART RECUSED HIMSELF 4 Community Preservation FundProposed Motion Action2ndYNANotes amountMade McEvoy Field- Phase 2 $290.0K BCFAVORABLEMR80 Stevens Estate Refurbishment of stained Glass Windows $25.1K MRFAVORABLEDL80 Multi-Use Trail Phase 1 $176K DLFAVORABLEMT80 Sargent School Playground $92.3K TTFAVORABLEMR80 Nan's Trail $68.4K TTFAVORABLEKB80 Old Center Preservation Project $570K DLFAVORABLEMT70* Affordable Housing Reserve $196.6K BCFAVORABLEMR80 Administrative Expenses $30.K TT FAVORABLEBC80 * Donald Elliot recused 5 IV. Next Meetings April 10, 2014 V. Adjournment- Motion: DL Unanimous Seconded: MR Time: 7:35 TYPE FROM TO SUBJECT COMMENTS ITEM # 1 2 3 6 7