BOARD OF FINANCE

BOARD OF SELECTMEN

SPECISAL MEETING        

OCTOBER 6, 2015

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DRAFT

 

 

 

Attendance Board of Finance:  Chairman John Grabowski, Chip Spear, Robert Brinton Jr., Sharon Huxley, Sally Huyser, John Ford IV

Attendance Board of Selectmen:  First Selectwoman Derrylyn Gorski, Selectman Clark Hurlburt

Attendance Board of Education:  Supt. Colleen Murray, Dorothy Seaton, Chris Pittenger, Adam Carrington, John Garcia, Acting Supt. Ernie Perlini

Visitors:  William Silver, Barry Bernabe

Chairman John Grabowski and First Selectwoman Gorski called the combine meeting of the Board of Finance, Board of Selectmen to order at 7:10 p.m.  The meeting was held in the Conference Room of the Bethany Town Hall.  The purpose of this joint meeting was to meet with both the architect and financial planner for the School Roof Replacement Project.

William Silver gave his presentation, as the architect hired for the School Roof Project.  William went over the cost of architectural design, size of roof to be repaired, the alternative costs for repair of the canopies, and State reimbursement of approximately 37%. 

John Garcia contributed additional information regarding repair of the canopy as originally designed or to modify it with a peaked roof.  There would be additional cost to redesign and to complete the work.

Barry Bernabe from Webster Bank was present to discuss with the Board of Selectmen and Board of Finance options to finance the School Roof Project.  For a bond issue loan the present interest rate is 2.5%. This interest rate could fluctuate depending on the longevity of the bond issue.  Financing of the Fire Department radio system as part of the bond issue was briefly discussed.   Barry will get back with all the options.

 

 

 

 

 

 

 

 

 

 

ADJOURNMENT

Adjournment for the Board of Finance was called at 8:25 p.m. after a motion was moved by Chip Spear and seconded by Sally Huyser.  The vote was unanimous.

Adjournment for the Board of Selectmen was called at 8:27 P.M after a motion was moved by Selectman Hurlburt and seconded by Selectman  Shea.  The vote taken was unanimous.

 

                                                                                                Respectfully submitted,

 

                                                                                                June G. Riley

                                                                                                Clerk Board of Finance

                                                                                                Secretary Board of Selectmen