TOWN OF REDDING
LONG RANGE FINANCIAL PLANNING COMMITTEE MEETING MINUTES
TOWN HALL MEETING ROOM
September 22, 2016
Present: S.Gniadek (Chairman), L. Karvelis, P. Sullivan, one member of the public Chairman Gniadek called the meeting to order at 5:10 pm.
Motion: to approve minutes from September 10, 2015. Karvelis, Sullivan. Approved.
Follow up on minutes: reported by P. Sullivan that at July 2012 meeting of LRFPC meeting the Capital threshold was raised by the Committee from $5000 to $20000 with a useful life of not less than 5 years.
P. Sullivan noted that although not included in numbers, there are water quality issues at RES which are being monitored. Two new projects were added since the last report:
For FY 2017-18:
Fire Code modifications at RES – $30,000
Boiler Replacement at RES – $ 90,000
S. Gniadek reported 4 new projects:
For FY 2017-18:
Playground replacement at Topstone – $35,000
Gas pump replacement at Highway – $30,000
For FY 2019-20:
Roof replacement at Town Hall – $65,000
Salt Brine System for Highway – $ 60,000
Discussion of PD communications equipment at a cost of $ 1,034,320. With projected useful life of 8 years, is it bondable? Can it be leased? Will report on these 2 questions at the next meeting.
With potential bonding in March 2017, it is important to get the updated schedule to the Board of Finance for funding considerations. Accordingly there will be another meeting on December 8, 2016 to finalize the numbers for them
Will get estimate to replace large window in Town Meeting Room
Region 9 looking at paving Barlow Dr. and replacing track surface
The meeting was adjourned at 5:27 pm.
Steve Gniadek, Chairman