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BOARD OF FINANCE SPECIAL MEETING MINUTES
MARCH 12, 2005
The special meeting was called to order by Chairman Joseph Mooney at 11:31 a.m. Also present were Lorraine Young, Charles Shelton, Jr., Victor Cassella, and Jeffrey Vailette.
Not present was Kenneth Kaminsky.
l. The Board discussed a bond authorization for school roofs. This item will be removed from the Capital request.
Ms. Young made the motion, seconded by Mr. Cassella.
RESOLVED, that the Board of Finance recommends that the Town of Branford appropriate $500,000 for costs related to roof replacement at Indian Neck School and Pine Orchard School, engineering and architectural work in connection with roof and window replacement at Walsh Intermediate School, and related work and improvements, and provide that the appropriation may be spent for design and construction costs, equipment, materials, architects’ fees, engineering fees, testing costs, legal fees, net interest on borrowings and other financing costs, and other expenses related to the project or its financing, including, without limitation, gutter and roof-top equipment replacement and improvements; and that the Town issue bonds or notes and temporary notes in an amount not to exceed $500,000 to finance the appropriation, the
amount of bond or notes authorized to be reduced by the amount of grants received by the Town for the project. The vote was unanimous.
2. The board discussed a proposal for refunding outstanding bonds issued by the Bristol Resource Recovery Facility which was presented by Selectman Opie.
Discussion followed:
No action taken, informational only.
Mr. Cassella made the motion, seconded by Ms. Young to adjourn the meeting at 11:50 a.m. The vote was unanimous.
March 14, 2005
Respectfully submitted,
Georgette A. Laske, Clerk
Board of Finance
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