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HomeMy WebLinkAbout2019-06-18 Finance Committee Minutes x TOWN of NORTH AN OVE FINANCE COMMITTEE Meeting Minutes Meeting Date June 18th,2019 Meeting Loeation:North Andover High School High School Main Office Conference doom Tien Tschirhhart TT, Chair x Sasha Weirtrelch, SW,Vice Chair x Div a Bhatnagar, DB x Thomas Ringler, TR x Liz Gerron, LG Charles Tra 'ton., CT x Edward I1 a.cMillian, EM x Christine Allen CA x Note: All YNCOM votes are subject to a re-vote upon receipt of newinformation. Note: Documents used in this meeting are listed in Document Table,herein_ M�Eli 3 ---------- TT: Purpose of the meeting is for the Finance Committee to vote and make recommendations on Warrant Articles 1, 22 3, (recommendation requested)and Axticles 4 and recommendation needed). Approval of Minutes for June 11,2019 TT: Co=ented that we should start with readmng and reviewing the Minutes for June 11 2'019 SW: toed to amend the minutes for June 11, 2019 and replace"com asslonate"to "passion" and"Elo u ant Banquets"t " le ant Banquets"throughout the June 11 , 2019 minutes es CA: Second the motion to amend the minutes as stated All in favor W: 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 TT: Stated ilat Articles 1, 2 and 3 are changes to the zoning articles, they go hand and hand. TT. We will discuss these articles together I, 2 & . TT: We were asked if the Finance Conunittee could do a recommendation on these articles. The Finance Committee discussed revenues, general fund, property taxes etc., regarding Articles 1,2,1 and 3 and the financial implications that may be associated with these articles. B: responded that any Zoning Changes or Land use changes basically are for the Development and growth of a Town and they have fwancial implications. LL SW: Commented on Articles 1,2 and 3 and felt that we need to explore the specifics of these zoning changes in order to to give a favorable recommendation. A: 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 benefits to the Town. TT: Let's move on HOC FX: MT ------ NOW, R.- 3 - '4,7 5 INN &-e TIN I'M SW: Moved that we male a favorable recommendation on.Article 4 s Witten in the Special 4 Town Meeting warrant Book Dated.dune 1 '',2019. Finance omrm'ttee discussed the motion (article 4 A: Second the notion All were in:favor. a 4 �� �`.' t « 1. �x�"o�a►•..� "" a : TT: Article +, the Town wants to authorize the 1S to negotiate a lease for the Stevens Estate SW: Explained her recommendation to tale no action on.Article 6, since we have no information and cannot evaluate the financial implications, we do not know v what the lease will loop like, A-1d by taping a favorable action we are signaling to the public we have evaluated the lease and all of the financial implications. W: went on to say, I do not want to represent to the public if ffiis 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 n sm naged.and out of control. It is not working well,the forecast for the Stevens Estate is not .dune 18,2 019 healthy. I am in favor of having the BOS take charge of the Stevens Estate through a lease e to do something that has not been done yet. My action would be to take a Favorable vote and that would be in the best interest ofthe Town. T : Felt that this Estate is a liability to the Town and we should give the BOS the option to do sornethimg about it. M: Co=tented that everyone had brought up some good points and all very persuasive. But we may be disappointed in the terms of the lease and the money we may get from the rent and food monthly. My point is that we do not know the numbers. I feel uncomfortable tell�n the Town that that this is a good deal, The Finance Committee continued to discuss their opinions regarding A-rticle 6. CA: blade a notion (favorable 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 House Schematic Site Plan", dated May 29th, 2019 and prepared by TE , subject t historic preservation restriction and public access and parking for the continued operation and. maintennanci�of the function facility on the ternns and conditions they deterTI ne are in the best interest of the Town, TR: Second the motion Those voting in favor CA., TR TT in favor) T abstained from this vote SW;l move to take no action to see if the Town will vote to authorize the BOS to leas}the Stevens Estate Function Facility shown,as Lot 1 on the plan entitled"Osgood Hill-Stevens floss Tyler Mouse Schematic Site Pl xf", dated May 29tk,2019 and prepared.by TEC, subjed: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 'n the best interest of the Town., M: Second the motion All in favor to take no action SW, EM DB and CT TT;the motion to have No action cares The Finances Co=ittee Members all moved to the Town Meeting. 3 .11w� 1. 2019 Special Town.Meeting Warrant June 1 , 01. . Meeting Minutes for June i 1, o i 9 . June 18,2019 Finance Committee agenda June 18,2019