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BOARD OF FINANCE SPECIAL MEETING MINUTES
April 10, 2006
Corrected and Approved
The meeting was called to order by Chairman Joseph Mooney at 7:44 p.m. Also present were Lorraine Young, Victor Cassella, Charles Shelton, Jr., Kenneth Kaminsky and Jeffrey Vailette. All present.
Also present were Selectmen Morris and Sullivan, and Town Attorney Edward Marcus. Finance Director Jim Finch joined the meeting at 8:20 p.m.
1. The Board considered and acted upon recommendations with respect to the acquisition by the Town of Branford of an approximately 159 acre and parcel of land located on Queach Road, known as the Queach Property and now or formerly owned by Alex Vigliotti, and an appropriation and borrowing authorization therefor.
Chairman Mooney read the agenda. Selectwoman Morris recapped what has taken place to date. Discussion followed.
Concerns were expressed by persons in attendance at the meeting that the final boundary lines were not set and that the exact amount of the acreage to be purchased by the Town and the amount retained by Mr. Vigliotti was not known. Board member Victor Cassella stated that there was enough information to proceed, in that it was the function of the RTM to sort out the final boundary lines, while it is the responsibility of the Board of Finance to analyze the financial aspects and consequences of the proposed deal.
Mr. Cassella made the motion seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends that the Representative Town Meeting of the Town of Branford readopt, ratify and confirm its approval of the acquisition, through negotiated purchase or the exercise of the Town's power of eminent domain, of an approximately 159 acre parcel of land located on Queach Road in Branford, known as the Queach Property and now or formerly owned by Alex Vigliotti, for open space, passive recreation and other municipal purposes; and that the Town of Branford increase by $2,095,000 the $1,700,000 appropriation and borrowing authorization for costs related to such acquisition, for an aggregate appropriation and an aggregate borrowing authorization of $3,795,000, and provide that the appropriation may be spent for survey, engineering and testing costs, legal and administrative costs related to the
acquisition and other matters contemplated hereby, legal fees, net interest on borrowings and other financing costs, and other expenses related to the project. The Town anticipates receiving donations through the Branford Land Trust of approximately $1,100,000 and grants from the State of Connecticut Dept. of Environmental Protection to defray in part the appropriation for the project. The amount of bonds or notes authorized shall be reduced by the amount of donations and grants received by the Town in connection with the project and applied to defray project costs. The vote was 4 yes, 2 no (Mr. Kaminsky and Mr. Shelton).
The meeting adjourned at 8:55 p.m.
April 12, 2006
Respectfully submitted,
Melinda C. Yester, Acting Clerk Board of Finance
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