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HomeMy WebLinkAbout2019-05-14 Finance Committee Minutes (2) yu, frl ��Gil�rFlrii�fii���rr�f�l��r�ry 1r�ry,,,ru , ; r ui 'ail, II II,illll i �'Ia 1 M �Vli TOWN OF NORTH ANDOVER FINANCE COMMITTEE Meeting Minutes Meeting Date May 14th, 2019 Meeting Location: North Andover High School High School Class Room#1068 Tim Tschirhhart TT, Chair X Sasha Weinreich, SW, ViceChair X Divya Bhatnagar, DB X Thomas Ringler, TR X Liz Gerron, LG X Charles Trafton, CT X Edward MacMillian, EM X Christine Allen X Note: All FINCOM votes are subject to a re-vote upon receipt of new information. Note: Documents used in this meeting are listed in Document Table, herein. Call to order 6:28 Pledge of Allegiance Opening comments— Tim TT: Started off saying that we have a couple of Warrants to vote on tonight before we head off to Town Meeting. Also mentioned that there will be a Special Town Meeting that will take place on June 18th regarding the Osgood Property, and possibly we may reintroduce the Steven's Estate Articles (Articles 7& 8) at that Special Town Meeting. So this means Articles 7 & 8 may be possibly pulled from tonight's Town Meeting. Depending on the outcome of the vote tonight it may possibly be heard at the Special Town Meeting scheduled for June 181h. TT: Communicated his thoughts on what he felt might be a controversial Article at tonight's Town Meeting, regarding the $50,000 to possibly be taken out of retained earnings. TT: Commented that we will most likely need to have a meeting or two before the Special Town Meeting (on June 18th). TT: Spoke of Articles 3 and 4 that the Finance Committee needed to vote on before we head off to tonight's Annual Town Meeting, regarding The Columbia Gas Restoration Capital Fund 1 May 14th,2019 Article 3: Columbia Gas Roadway Restoration Capital Fund. To see if the Town will vote to create a capital fund for roadway restoration and other expenses related to the Columbia Gas Disaster and vote to transfer the funds received from Columbia Gas as compensation for the damages to the Town roads, infrastructure and other expenses to said account,or to take any action relative thereto. LG: I move to take favorable action on Article 3, Columbia Gas Roadway Restoration Capital Fund SW: Second the motion All were in favor(unanimous) Article 4: Columbia Gas Property Restoration Capital Fund. To see if the Town will vote to create a capital fund for repairing Town property damaged by Columbia Gas during the Gas Disaster and other purposes related thereto and vote to transfer the funds received from Columbia Gas Disaster as compensation to the Town for damaging its property and other expenses to said account,or to take any action relative thereto. LG: I move to take favorable action on Article 4s Columbia Gas Property Restoration Capital Fund. TR: Second the motion All were in favor(unanimous) Approval of Minutes for April 3, 2019 SW: Made a motion to approve the minutes as written for April 3rd CA: Second the motion All were in favor The Finance Committee Members all moved to the Town Meeting. Town Meeting adjourned at about 9:15 Document Table 1. 2019 Annual Town Meeting Warrant and Finance Committee Report 2. Meeting Minutes for Pubic and Regular Finance Committee meeting April 3,2019 3. Article 3 and Article 4 for Special Town Meeting (Needing Finance Committee Vote) 4. May 14th Finance Committee Agenda --------------------------------------------------------------- 2 May 14th,2019