HomeMy WebLinkAbout2002-04-01 Board of Selectmen Minutes BOARD OF SELECTMEN MINUTES April 1, 2002
CALL TO ORDER: Rosemary Smedile called the meeting to order at 7:30 PM at The Blaisdell Performance
Center of the North Andover Middle School.
ATTENDANCE: The following were present: Rosemary Smedile, James Xenakis; Donald B. Stewart;Wendy
Wakeman; Susan Haltmaier; Mark Rees, Town Manager. (Ray Santilli not present).
COMMUNICATIONS,ANNOUNCEMENTS,AND PUBLIC COMMENT:
LICENSING COMMISSIONERS:
James Xenakis made a MOTION, seconded by Susan Haltmaier,to move into Licensing; vote approved 5-0.
James Xenakis made a MOTION, seconded by Susan Haltmaier,to approve the following (5) Liquor Licenses for
Evy Gillette, Manager of Stevens Estate at Osgood Street; vote approved 5-0.
1. David Goldstein/Party April 6, 2002 7:00 p.m.-11:00 p.m. All Alcohol
2. MV Hospice Fundraiser April 7, 2002 2:00 p.m.-6:00 p.m. All Alcohol
3. Keith Wentworth Birthday April 12, 2002 7:00 p.m.-12:00 a.m. All Alcohol
4. Marc Klein Bat Mitzvah April 13, 2002 5:00 p.m.-10:00 p.m. All Alcohol
5. David Goldstein/Party April 20, 2002 7:00 p.m.-11:00 p.m. All Alcohol
James Xenakis made a MOTION, seconded by Susan Haltmaier,to move out of licensing; vote approved 5-0.
REVIEW OF FY 03 OPERATING AND CAPITAL BUDGETS
Town Manager Mark Rees presented his recommended FY03 General Fund Operating Budget to an audience of over
300 attendants, several of them town employees. After summarizing the Town's revenues and expenses,the Town
Manager presented the following options for an override that the Board of Selectmen will be voting on at the April 9,
2002 Board of Selectmen meeting.
Option 41 is for a$3.2 million dollar override. This option will restore most, but not all, reductions in Municipal
Budget 5%increase. It will fund the School Department request without additional positions 9.8%increase.
Option 42 is for a$5.1 million dollar override. This option will restore most, but not all, reductions in Municipal
Budget 5%increase. This will fully fund the School Department.
Option 43 is for a$10.8 million dollar override. The Financial Task Force recommended this option. This option
has also been adjusted for the increased health insurance costs. The School Budget is increased by 22.1%.
There was a lot of discussion by many residents in town. The Board of Selectmen was asked individually and as a
Board which override they would be voting for. Rosemary Smedile stated the Finance Committee is commonly
referred to as the town's "financial watchdogs"because they are supposed to review the financial decisions of
selectmen and the School Committee. Without getting input from the Finance Committee, Mrs. Smedile stated it was
premature and was not willing to put a number on anything until she had all the facts and could look over the Finance
Committees recommendations.
Michelle L. Nadeau, a member of the school advocacy group, asked selectmen to consider putting an article on the
May Town Meeting warrant to start charging trash fees. Selectmen will decide whether to honor the petition, which
is being submitted past the warrant deadline, at their April 9 meeting. Mark Rees stated the most simplistic trash fee
system,the only one he considered possible to implement before the new fiscal year starts in July, would eventually
divide the nearly$1.9 million it cost the town to dispose of trash among the town's 5,750 single-family homes. That
would mean about$329 per household.
James Xenakis stated that imposing trash fees is another way to tax the consumer without passing an override and
trash disposal is one of the basic services of government. Susan Haltmaier stated the Town is going over the
contracted tonnage of trash and if more people would recycle it would save the town a lot of money.
Board of Selectmen Minutes April 1,2002 Page 2
Subcommittee to order the Warrant.
James Xenakis made a MOTION, seconded by Donald Stewart,to appoint Wendy Wakeman and Rosemary Smedile
to a subcommittee to order the warrant and work with the Town Manager; vote approved 5-0.
APPROVAL OF ISSUANCE OF BORROWING NOTES
James Xenakis made a MOTION, seconded by Susan Haltmaier,that the Town issue $1,651,000 refunding bonds
under G.L. c.44, § 21A to refund the Town's Municipal Purpose Loan of 1991 Bonds dated May 15, 1991 maturing
in the years 2003 to 2011 in the amount of$1,600,000 including the payment of the redemption premium applicable
to such bonds and costs of issuance related to the refunding bonds.
Further MOVE: that the sale of the $24,640,000 Municipal Purpose Loan of 2002 Bonds of the Town dated April 1,
2002,to Roosevelt& Cross Incorporated at the price of$24,870,666.95 and accrued interest is hereby confirmed.
The bonds shall be payable on April 1 of the years and in the principal amounts and bear interest at the respective
rates, as follows, subject to earlier redemption at the option of the Town as provided in the Preliminary Official
Statement dated March 14, 2002:
Interest Interest
Year Amount Rate Year Amount Rate
2003 $2,250,000 4.00% 2013 $230,000 4.50%
2004 3,490,000 4.00 2014 230,000 4.625
2005 2,980,000 4.00 2015 230,000 4.75
2006 2,725,000 4.00 2016 230,000 4.75
2007 2,470,000 4.50 2017 230,000 5.00
2008 1,780,000 4.50 2018 230,000 5.00
2009 1,775,000 4.50 2019 230,000 5.00
2010 1,665,000 4.50 2020 230,000 5.10
2011 1,660,000 4.50 2021 215,000 5.125
2012 1,575,000 4.50 2022 215,000 5.125
Further MOVE: to approve the sale of a$1,232,000 2.50 percent Bond Anticipation Note of the Town dated April
11, 2002, and payable October 11, 2002,to Eastern Bank Capital Markets at par and accrued interest plus a premium
of$1,358.91;vote approved 5-0.
ADJOURNMENT: James Xenakis made a MOTION, seconded by Wendy Wakeman,to adjourn the meeting at
10:40 PM;vote approved 5 — 0.
Kathleen O'Neill
Administrative Secretary James M. Xenakis, Clerk of the Board