Board of Finance

Special Meeting          

July 2, 2019

Page 1 of 2

DRAFT

Attendance:  John Grabowski, Sharon Huxley, Lars Demander, John Ford IV

 

Visitors:  Vincent M. Marino, Esq, Barbara Schellenberg, Lynette White, Shelia Lane, Rob White, Donna Shea

 

Former Board of Finance Chairman John Grabowski called the meeting to order at 705 p.m. The meeting was held in the Selectmen’s Conference Room of the Bethany Town Hall. 

 

  APPOINTMENT OF CHAIRMAN

The first order of business was the appointment of a Chairman for the Board of Finance.  The motion to appoint John Grabowski as Chairman of the Board of Finance was moved by Sharon Huxley and seconded by John Ford IV.  The motion was called.  The vote taken was unanimous.

 

TO CONSIDER AND ACT ON A RESOLUTION RECOMMENDING AN APPROPRIATION FOR COSTS RELATED TO THE FINANCING OF THE PROJECT, AND RECOMMENDING THE AUTHORIZATION OF BORROWINGS TO FINANCE THE APPROPRIATION

 

RESOLVED, That the Board of Finance recommends that the Town of Bethany appropriate $8,010,000 for costs related to road improvements including, as needed, milling, paving, drainage, and reclamation on the roads, and related work and improvements, and for costs related to the financing of the project; and that the Town authorize the issuance of $8,010,000 bonds, notes and temporary notes to finance the appropriation. 

 

To consider and act on a resolution recommending an appropriation for costs related to improvements to various Town roads, and related work and improvements, and for costs related to the financing of the project, and recommending the authorization of borrowings to finance the appropriation.   The resolution was moved Sharon Huxley and seconded by John Ford IV.  The Board discussed various aspects of the project including hiring of an engineer.  Following discussion the vote was called.  The vote taken was unanimous.

 

BETHANY COMMUNITY SCHOOL

To consider and act on recommending to the Special Town Meeting the establishment of a capital line item in the Town’s budget from the surplus returned to the Town from the Bethany Community School for purposes of funding future expenses associated with the second annex project work. (§7-348)

 

Motion was moved by Sharon Huxley and seconded by John Ford IV.  Vote taken was unanimous.

 

ADJOURNMENT

 

At 7:45 p.m. Sharon Huxley moved to adjourn the meeting.  The motion was seconded by John Ford IV.  The vote taken was unanimous.

 

 

                                                                                                Respectfully submitted,

 

                                                                                                June G. Riley 

                                                                                                Clerk, Board of Finance