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HomeMy WebLinkAbout2004-02-17 Board of Selectmen Executive Minutes ^ BOARD OF SELECTMEN EXECUTIVE MINUTES FEBRUARY 17, 2004 EXECUTIVE SESSION: The Executive Session convened at 7:00 p.m. ATTENDANCE: The following were present: Wendy D. Wakeman, Chairman; Rosemary Smedile; James Xenakis; Donald Stewart; Mark J.T. Caggiano; Mark Rees, Town Manager; Ray Santilli, Assistant Town Manager and Town Counsel Thomas Urbelis. The Board of Selectmen was individually polled and each voted unanimously to move into Executive Session. Vote approved 5-0. Pending Litigation Great American Insurance Company, Town Counsel Thomas Urbelis received notice from Great American Insurance Company with a compromise effort to settle with the Town with an additional final payment of$10,000. This offer is contingent upon the execution of an acceptable release. No further documentation for incurred expense is required. Donald Stewart made a MOTION, seconded by Rosemary Smedile, to accept insurance settlement as proposed for$10,000. Vote approved 4-1. Mark Caggiano opposed. Mark Caggiano made a MOTION, seconded by Rosemary Smedile, to authorize Town Counsel to negotiate a counter offer settlement for$15,000 from Great American Insurance Company. Vote approved 5-0. Pending Litigation GLSD. The Town Manager said that all efforts have been exhausted in attempts to collect voluntary payment in lieu of taxes from GLSD/NEFCO. The Manager recommended fling a separate suit to recover the approximately $100,000 to $150,000 annual payment which the Town is due from GLSD/NEFCO. ADJOURNMENT: James Xenakis made a MOTION, seconded by Mark Caggiano, to move out of Executive Session. Vote approved 5-0. Respectfully submitted, Adele J. Johnson, Administrative Secretary