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HomeMy WebLinkAbout2019-06-18 Finance Committee Minutes (2) .x TOWN of NORTH AN OVER FINANCE COMMITTEE Meeting Minutes Meeting Date June 18th,2019 Meeting o ion:Nor h Andover High School High School Main Office Conference Room Tiny Tsehif hart TT, Chair x Sasha Weinreich, SW, vice Chair x Divya Bhatna.gar, DB x Thomas Ringler, TR x Liz Gerron, LG Charles Trafto ., CT x Edward I a.cMillian, EM x Christine Allen CA x Note: All NCOM votes are subject to a re-vote upon receipt of new Information. Note: Documents used in this meeting are listed in Document Table herein. p TT: Purpose of the meeting is for the Finance Committee to vote and make recommendations on Warrant Articles L 2, 3, (recommendation requested) and Articles 4 and (recommendation needed). Approval of Minutes for June 11,2019 TT: Co=ented that we should start with ire dmng and reviewingthe Minutes for June I� 2 19 SW: Moved to amend the minutes for June 1 I, 2 019 and replace "compassionate"to "-passion" and 4.�Elo uehn Banquets"to a le ant Ban uet "throughout the June 11 2019 rninut s CA: Second the motion to amend the minutes as stated All in favor SW: Moved to approve the June I 1 th, 2019 Minutes as amended CA: Second the -notion to approve Minutes as amended All in Favor to approve Minutes as amended. June 18,2019 ;�i t#_ 'i NA TT: Stated that Articles 1, 2 and 3 are changes to the zomng articles, they go hand and TT: we will discuss these articles together(1, 2 & 3). TT: We were asked if the Finance C nunittee could do a recommendation on these articles. The Finance Cnnittee discussed revenues, general fund, property taxes etc, regarding Article 2, and 3 and the fniancial implications that may be associated with these articles, : responded that any Zoning Changes or Land use changes basically are for the Development and growth of a Town and they have fmancial implications. LL SW: Commented on Articles 1, 2 and 3 and felt that we reed to explore the specifics of these zoning changes in order to to give a favorable recommendation. CA: Felt that these Zoning changes are minor and may be linked to higher revenue down the road. The Board agreed favorable action on.Articles 1, 2 and 3(zoning changes) may result in favorable financial l benefits to the Town.. TT: Let's nave on I SW: Moved that we male a favorable recommendation on.Article 4 a's written in the Special Town Meeting warrant Book Dated June 1 '', 2019. Finance Conm'ttee discussed the motion (article 4) CA: Second the notion All were in:favor. - v �_ .. 1 k TT: Article 6, the Town wants to authorize the B S to negotiate a lease for the Stevens Estate SW: Explained her recommendation to take no action on.Article 6, since we have no information and cannot evaluate the financial implications, we do not know what the lease will look like. And by taking a favorable action we are signaling to the public we have evaluated the lease and all of the financial implications. Sw: went on to say, I do not want to represent to the public if this lease is good or bad (because of the inability to review a lease), so it would be prudent nay opinion.) to tale no action TT: we are trying to do the best, in the interest of the Town and spore of how the Estate is mismanaged.and out of control. It is not working well, the forecast for the Stevens Estate is not 2 June 18,2019 healthy. I am in favor of having the BOS take charge of the Stevens Estate through a lease to do something that has not been done yet. My action would be to tale a Favorable vote and that could be in the best interest of the Town. T : Felt that this Estate is a liability to the Town and we should give the BOS the opt ion to do something about it. M: Co=tented that everyone had brought up some good points and all very persuasive. But we=37 e disappointed Mn the terms of the lease and the none et from the re �we may g n and food MiDnthly. My point is that we do not know the numbers. I feel uncomfortable tellffi the Town that this is a good deal, The Finance Committee continued to discuss their o im'ons regarding Article . g g CA: Made a motion (favorable action)to see if the Town will vote to authorize the BOS to lease the Stevens Estate Function Facility shown as Lot I on the plan entitled"Osgood Hill-Stevens, Moss Tyler House Schematic Site lay", dated May 29th, 2019 and prepared by TES subject t historic preservation restriction and public access and parking for the continued operation and .aantenanci� of the function facility on the terns and conditions they determine are in the best interest of the Ton. TR: Second the notion Those voting in favor CA., TR TT in favor) CT abstained from this vote SW; I move to take no action to see if the Town will vote to authorize the BOS to lease,the Stevens Estate Function Facility shown as Lot 1 on the plan entitled "Osgood Hill-Stevens Moss Tyler Mouse Schematic Site Flan', dated May 29th, 2019 and prepared by T C, subject to historic preservation restriction and public access and parking for the continued operation and maintenance of the function facility on the tens and conditions they determine are in the best interest of the Toga.. M: Second the notion All in favor to take no action SW, EM DB and CT TT; the motion to have No action comes The Finances Committee Members all moved to the Town Meeting. 3 i �lIII�Y�Yfiiif�L 1. 2019 Special Town Meeting Warrant June 1 " ,2019 2. Meeting Minutes for June 1152019 . June 18, 2019 Finance Committee Agenda June 1 ,2019