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CC MTG MINUTES OCTOBER 25 2017 1 MINUTES OF THE FINANCE COMMITTEE MEETING October 25, 2017 rMembers Present: Christopher Johnson—Chair Cecilia Calabrese Paul Cavallo Members Absent: Gina Letellier ' Richard Theroux Also Present: Doug White, Chris Goiba, Cheryl St. John, Laurel Placzek, Robert ' Rossi and Ray Cassella Called to Order: Meeting was called to order by Chairman Johnson at 6:00 P.M. in the Peirce Room at the Agawam Public Library, 750 Cooper Street, Agawam, MA. ' AGENDA OP 1. Approval of minutes dated October 16, 2017., Motion to approve minutes made by Councilor Cavallo and seconded by Councilor ' Calabrese. Vote: 3 Yes 0 No and 2 Absent, 2. TR-2017-58- A Resolution accepting a grant in the amount of $1,500.00 from the Massachusetts Department of Environmental Protection Sustainable tMaterials Recovery Program to the City of Agawam for a small scale initiative (Sponsored by Mayor Cohen) ' Motion to send positive recommendation to the Council by Councilor Cavallo and seconded by Councilor Calabrese. Brief discussion about potential uses for grant funds as materials • presented to Council does not contain intended use for money. Vote: 3 Yes 0 No and 2 ' Absent. 3. TR-2017-59- A Resolution to appropriate and authorize borrowing in the ' amount of approximately Five Hundred Thousand Dollars ($500,000.00) to pay costs of repairing and replacing the Department of Public Works Building faVade (Sponsored by Mayor Cohen) ' Motion to send positive recommendation to the Council made by Councilor Calabrese and seconded by Councilor Cavallo. Doug White described the problem with the masonry above doors and windows at the DPW facility and its potential impact on the emergency • generator at the facility which also serves the town's tenant in the building(MEMA). Chris Golba described the potential impact on the town's snow removal operation as the areas above the equipment doors are directly impacted. Ray Cassella further described the problem and indicated that it is the result of a design flaw from when the building was originally constructed in the 1950's. He also presented an updated description of the work ' (attached) which is included with the bid documents for the project, and described in detail the proposed solution to the problem. He indicated that the asbestos abatement bids are due on 10/30/17 with the construction bids coming on 11/l/17. Laurel Placzek presented information on the tax rate impacts (attached) of the project. She indicated that the project would be coupled with the fire apparatus purchase in a single bond resulting in minimal additional cost, if any, for the bonding of the project. She indicated that bonding was selected for the project to permit the water and wastewater enterprise funds to contribute to the cost. After bids are received, the resolution will be updated prior to the 11/8/17 Council meeting with an exact figure for the project which Laurel Placzek indicated is preferred by bond counsel, Vote: 3 Yes 0 No and 2 Absent. 01 4. Any other business that may legally come before the Committee. None Adjournment: Motion to adjourn was made by Councilor Cavallo and seconded by Councilor Calabrese and approved unanimously at 6:36 P.M. Respectfully submitted, • Christopher Johnson, Chair Finance Committee OP •