HomeMy WebLinkAbout2022-03-22 Finance Committee Minutes
Finance Committee
Minutes of March 22, 2022
Present:
Chairperson Denevan O’Connell, Dustin Silk, Brianna Stetson, Eva Pastor, Nancy Sarro, Edward MacMillan, Christine Allen and
Jennifer Luz
Absent:
Regina Kean
Mr. O’Connell called the meeting to order at 7:00PM. The open session meeting was recorded in person in the Select Board Room at
North Andover Town Hall 120 Main Street North Andover.
COMMUNITY PRESERVATION COMMITTEE RECOMMENDATIONS FOR TOWN MEETING
Brian Roche was present at the meeting presenting FY 23 CPC applications. Mr. O'Connell asked Mr. Roche how long are funds held
in encumbrance. Mr. Roche stated it's a case by case basis. Mr. O'Connell asked how much is spent each year. Mr. Roche stated it was
tracked last year and should be tracked each year. Massaro asked if a certain amount needs to be spent each year. Mr. Roche stated if
not bank, needs to be allocated or held in escrow. Ms. Allen asked if $100,000 goes towards affordable housing for design. Mr. Roche
stated yes. Mr. McMillan asked if permits needed to fish. Mr. Roche stated he think so but was not sure.
PUBLIC HEARING ON THE PROPOSED FY23 OPERATING BUDGET AND CAPITAL IMPROVEMENT PLAN
MOTION: Mr. Silk made a MOTION, seconded by Ms. Luz open the public hearing. Motion approved 8-0.
Stan Limpert, 43 Stonecleve Rd., was present at the meeting. Mr. Limpert expressed his concern with the public roads use and
condition. Mr. Limpert stated he would like to know when the roads will be taken care of. Ms. Allen agreed. Mr. Limpert asked for a
plan for the roads conditions and repair of the roads. Mr. O'Connell asked Mr. Limpert if paving or transportation was part of the
Master Plan. Mr. Limpert stated no. Mr. MacMillan thought there was a schedule for the repair of the roads. Ms. Pastor stated $6
million has been funded as a line item in the general fund capital project.
Mr. O'Connell gave a summary of all points of the FY 23 budget. Ms. Allen addressed her question to the Town Manager and asked
what happens if the overlays do not get passed at Town Meeting.
MOTION: Ms. Sarro made a MOTION, seconded by Ms. Allen close the public hearing. Motion approved 8-0.
MOTION: Ms. Luz made a MOTION, seconded by Mr. Silk for recommending favorable action on the FY23 Operating Budget.
Motion approved 8-0.
MOTION: Ms. Luz made a MOTION, seconded by Mr. Silk for recommending favorable action on the FY23 Capital Improvement
Plan. Motion approved 8-0.
MOTION: Ms. Luz made a MOTION, seconded by Mr. Silk for recommending favorable action on the FY23 Enterprise Funds
Budget. Motion approved 8-0.
PUBLIC COMMENT
None
DISCUSSION OF WARRANT LETTER
Mr. O'Connell reminded the committee about the warrant letter due on April 1. Mr. O'Connell mentioned the committee will be voting
on the warrant articles upon receiving the copy of the articles.
APPROVAL OF OPEN SESSION MINUTES FROM MARCH 16, 2022
MOTION: Mr. Silk made a MOTION, seconded by Ms. Allen to approve the minutes of March 16, 2022 as presented. Motion
approved 8-0.
ADJOURNMENT
MOTION: Ms. Luz made a MOTION, seconded by Ms. Pastorto adjourn the Finance Committee meeting at 8:00 PM. Motion
approved 8-0.
Respectfully submitted,
Jillian A. Brothers
Executive Assistant