The meeting was called to order by Chairman Joseph Mooney at 7:30 p.m. Also present were Lorraine Young, Kenneth Kaminsky, Victor Cassella, Charles Shelton, Jr. and Jeffrey Vailette.
Also present were First Selectwoman Cheryl Morris, Selectman Richard Sullivan, Selectman John Opie, James Finch, Finance Director, Kathryn LaBanca, Assistant Finance Director and Marianne Kelly, Town Clerk.
1. Ms. Young made the motion, seconded by Mr. Vailette to approve the minutes of the April 30, 2007 meeting. The motion was passed by unanimous
2. The mill rate for fiscal year 2007-08 was set. Mr. Cassella made the motion, seconded by Mr. Shelton.
RESOLVED: That the Board of Finance does hereby establish the mill rate for the Town of Branford for fiscal year July 1, 2007-June 30, 2008 at 22.33. The vote was unanimous.
First Selectwoman Morris thanked the Board of Finance, the RTM and all others involved in passing the budget.
3. The Board of Finance heard a presentation from Wachovia Securities and Merrill Lynch with regard to the performance of the town’s pension fund for the quarter ending March 31, 2007.
4. The Board of Finance heard a request from the Finance Director and Board of Assessment Appeals for the following transfer:
From: 4106-406.10-90 Overtime $(350)
To: 4106-406.33-05 Appraisal Services $ 350
Mr. Cassella made the motion, seconded by Mr. Kaminsky.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $350 as requested by the Finance Director and Board of Assessment Appeals. The vote was unanimous.
5. The Board of Finance heard a request from the Finance Department to adopt a resolution to allow the Town to obtain a credit card through Bank of America to be used by Marlowe Ioime, Assistant Director of Canoe Brook Senior Center.
Discussion followed.
Mr. Cassella made the motion, seconded by Mr. Shelton.
RESOLVED: That the Board of Finance permits the Finance Department to apply for a credit card issued through Bank of America with a maximum limit of $5,000 for Marlowe Ioime, Senior Center Assistant Director. The vote was unanimous.
6. To hear a request from the Tax Collector to approve the Suspense List for the Grand List Year 2000.
Chairman Mooney removed this item from the agenda, and requested it be placed on the June 25, 2007 agenda.
7. The Board of Finance heard a request from the Board of Education to approve a five year contract for a Wide Area Network. The Board made a recommendation to the Board of Selectman to approve a five year contract for the Board of Education’s Wide Area Network Services, not to exceed $559,220, following a motion made by Mr. Vailette, and seconded by Mr. Shelton.
The Board of Finance, also, recommended a review of the five year contract for the Board of Education’s Wide Area Network Services by Town Counsel.
The vote was unanimous.
8. The Board of Finance heard a request to approve a resolution appropriating $875,000 for the exterior renovation of the Blackstone Memorial Library and authorizing the issue of $875,000 bonds of the town to meet said appropriation and pending the issuance thereof the making of temporary borrowings for such of purpose.
Chairman Mooney introduced the resolution and asked for a motion to waive the reading of the entitled resolution and incorporate its full text into the minutes of the meeting. Mr. Casella made the motion, seconded by Ms. Young. The vote was unanimous.
Mr. Cassella made the motion, seconded by Mr. Kaminsky to adopt the resolution.
Discussion followed. Chairman Mooney noted that this format was different than in previous years. Finance Director Finch explained that this is the language drafted by the new bond council.
RESOLVED: That the resolution entitled: “A RESOLUTION APPROPRIATING $875,000 FOR THE EXTERIOR RENOVATION OF BLACKSTONE MEMORIAL LIBRARY AND AUTHORIZING THE ISSUE OF $875,000 BONDS OF THE TOWN TO MEET SAID APPROPRIATION AND PENDING THE ISSUANCE THEREOF THE MAKING OF TEMPORARY BORROWINGS FOR SUCH PURPOSE” be adopted and recommended for adoption by the Representative Town Meeting.
The vote was unanimous.
9. The Board of Finance heard a request from the Town Clerk for the following transfer:
From: 4108-408.33-06 Service Contracts $( 850)
4108-408.59-21 Vital Statistics $( 569)
TOTAL $(1,419)
To: 4108-408.10-19 Expanded Hours $ 1,419
Mr. Kaminsky made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $1,419 as requested by the Town Clerk. The vote was unanimous.
Dated this 22nd day of May, 2007
Respectfully submitted,
Marianne Kelly, Clerk
Board of Finance
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