 Call the meeting of the long break for it to order on March 18th at 7.03 p.m. The first item on the agenda is to approve the agenda Does anyone have any modifications? I'll make a motion to approve the agenda I'll second it discussion All in favor of approving the agenda, please indicate by saying aye. All right The next order of business is the organization of the select board I will entertain a nomination for chair for the ensuing year I'll make a motion to elect Chris Viennes as the chair of the select board My board, I second the motion Any discussion? All those in favor of electing Chris Viennes to be chair of the select board for the ensuing year, please indicate by saying aye Aye Those opposed? I'll entertain a nomination for vice chair for the ensuing year I nominate Mark Friar The vice chair If he's willing I second that motion Any discussion? All those in favor of electing Mark Friar as vice chair for the ensuing year, please indicate by saying aye Aye Those opposed? And Finally, I'll entertain a nomination for secretary of the board for the ensuing year Where do the secretary do these? To be the secretary of the board In the real occasion, you may have to take minutes But usually if color's not here, I'll take minutes So it's just to have somebody Just in case You need it Are you suggesting you want to be just in case? I don't want, I've been secretary for so many different organizations I'd be glad to do that Okay Is that all known? Nope Okay, that's the no nominate mic part All those in favor, please indicate by saying aye Aye Those opposed? All right, Chris, it's all you Take off, huh? So the meetings are being called to order, so I don't need to do that And I guess the first thing on this board part of the agenda is to consider conflict of interest policy Do we have some of those? I emailed them to this afternoon, I did not make copies Okay My apologies That's all right And Gail, you just run through that for us, right? Or what are you doing through it? Well I don't know So the Select Board has had a conflict of interest policy for It's already Yeah I can hear it's on It's red, but So the Select Board has a conflict of interest policy You've typically adopted it every year It is a new board now with Mike Byrd's election last week You have a different board, so It's good practice to adopt this every year It's the board's conflict of interest policy It's a self-policing document You should familiarize yourself with it As Carla said, she has emailed it to you Defines what conflict of interest is Defines what the public body is And then Describes when an officer should Excuse him or herself from Taking part in a Discussion or a vote And typically, if you feel that you Have a conflict and you can't vote You really should Recuse yourself from the full discussion Of the issue So with that That's where the signature If you approve it So is there a motion to approve The conflict of interest policy For the ensuing year? I'll make a motion to approve The policy as discussed For the coming year Okay, second A second motion Any further discussion? Seeing none, all those in favor Say aye, please Aye Consider rules of procedure So again, the board is encouraged To adopt the rules of procedure For the board Discusses the meeting law The requirements of agendas And the like Talks about the fact that The public shall be afforded Five minutes at the beginning Of a meeting For public comment And then Just talks about electing a chair The chair will rule on all questions Of procedure and order That there will be an agenda Before the meeting is held And it's published at the appropriate time So again, this is the same Rules of procedure you've operated under For a number of years now Would somebody like to make a motion To approve the select board rules Of procedure for ensuing year? Some move Second Any further discussion? So the legislative body To stay out, they don't have anything To do with this, correct? Other than, go ahead They don't have anything to do with it Except for the fact that You have to conduct your meetings With the state laws And you have the authority That the state has granted you But that's your procedures That's under Robert's rules? No, no, okay I just wanted to clarify that Those need to be signed, Chris Yep, there's three signatures And one missing one I just did, you know Yeah, missing one there Somebody did sign it Did you sign that? Oh, okay, I thought you were just Passing around that Okay, and then the fourth thing On this list is a discussed procedure For signing warrants I'll wait for Mike to stop Signing so you can listen So with regard to warrants Or so-called warrant orders The law stipulates That no order Can be drawn on the town's treasury Without the signature of the select board So Carly is the treasurer Michelle Ryan is the bookkeeper I'm the municipal manager And the municipal manager's responsibility Is to keep the accounts of the town We make records of all deposits We receive all invoices And statements from vendors And others who do work for us We code them for payment Using an expense code procedure And then the bookkeeper Produces a warrant order And cuts the checks The checks can't be sent out By the treasurer until The select board approves the warrant In the old days It used to require a majority of the select board To sign the warrant We had to make a motion and do that As we've moved into times of much more Business for people The practicality of having warrant orders signed For every time a bill goes out to be paid Is less and less practical We pay bills every week here We pay payroll every week And we pay vendors every week Not every vendor every week But we make accounts payable every week So about ten years or so ago Maybe more now The legislature passed a law That says the select board The governing body of the municipality Can make a motion to Assign a select board member or members To sign warrant orders So you don't have to have a meeting anymore So what we have Encouraged the select board to do Is to appoint each and every select board member As the authority to sign the warrant orders Only one is necessary to do that every week But if you appoint all of you Or authorize all of you to sign the orders You know, Mark Mateo and Chris Fiennes Used to kind of alternate on doing it But if one of them had gone away on vacation Or was sick, Carla could call And the other select board members To come in to do it So we would recommend that you Authorize each and every select board member Individually to sign the warrants To allow payment of those town bills and expenses Would somebody like to make that motion To authorize everyone Each and every one of us Yeah, individually when schedules permit To come in and authorize and sign warrants Would you like that motion to authorize All select board members to sign warrants To be able to sign warrants Second Any further discussion? Seeing none, all those that approve Say aye Aye Okay, appointments and committees First on the list is to choose A newspaper to represent the town And advertisement and other issues Stories, what not Well, nothing to do with stories The requirement by law is that the town Designate a newspaper of record Where public notices will be published So if we're going to call a special town meeting Or if we're going to adopt an ordinance Or create a new committee Any official business that is required By law to be publicized in a newspaper You choose a newspaper of record So the community knows where to look for those things And the watery record has been the newspaper Of record for the last several years The legislature actually a few years ago Made some amendments to the law And allowed weekly publications To be newspapers of record There are some requirements If you've got an issue of bond You have to have the notice published The same day of the week, three days in a row And there were some references to daily publications And that's all been cleaned up So staff would recommend that you Designate the watery record as the newspaper of record So maybe I didn't necessarily mean stories But articles, I mean, if the paper comes in And talks to you or how does that... Any newspaper, any reporter from any news organization Can ask anybody they want anywhere a question So this is not about allowing the newspaper To conduct their business to report on the town This is simply to designate a paper Where public notices have to be published So it has nothing to do with them wanting To write a story or interview or anything else We're happy to talk to any time But... All right. Okay. I'll make a motion for the town Businesses notices, public notices Authorize the watery record The paper. The motion has been made in second Any further discussion? What about an alternate? We don't need an alternate Yeah, we would recommend that you Designate the Times-Irgis as the alternate On very rare occasions Because the Times-Irgis is published They're only published five days a week now They're not a daily anymore But on rare occasions If there needs to be a special select board meeting Or an emergency select board meeting With the watery record only a weekly If you designate the Times-Irgis as an alternate We can publish notices there And still meet the requirements a lot Okay, well we've got a motion on the floor That's been seconded We probably should take care of that before we... Or we could just... I could amend that. I was going to say either that or amend it. I could amend the motion to reflect That the Times-Irgis would be We would have a record of... Newspaper of record for the quarter Okay Seconded? Alright Is there any further discussion? Seeing none, all those in favor say aye Aye Okay Advertise for committees So All the committee commission board members Terms expire on April 30th So I have reached out to those Those whose terms will be expiring And ask if they are interested in reappointment And I will be advertising in the Waterbury record as well So hopefully in April we'll have people in For interviews for these committees I just wanted to give you an update Alright, thanks Okay, kind of back to normal here Good sense of gender items And then it's a March 4th Regular meeting And March 5th annual meeting And the liquor license for the Zen Barn Would somebody like to make a motion To approve that consent agenda? I'll make a motion to approve the Consent agenda item Zen Barn Seconded? Mark? Okay, Mike's seconded it Is there any further discussion? Hearing none, all those in favor say aye Aye Aye So this will be passed around To select what needs to sign the liquor license Okay, here's the Time for the public to get up And make any comments if they wish Anybody from the public that wishes to speak Not at this time Okay Then we'll move along Request for parking sign in chair Jessica Wright from Henders Bake Shop You must be Jessica? I am Come on up, what do you have for us? I'm looking, is this on? Yep, you gotta speak directly into it I'm looking to just secure some spots On Manuski Street so that when construction starts I'm guaranteed to have some availability For my customers to just make sure That I'm still able to serve people Throughout the whole construction And main street So just a sign that would be for customer parking only And it would be during only hours of operation And be put away when the business is closed How many parking spots were you designated I suspect by the trustees originally? Six And it was just for I was told that there would be availability On Route 100 Main Street And I found with the lack of consistent snow removal And minimal lines on Main Street It's still really hard for people to park there So a majority of my customers park on Manuski Street Which I have taken on the responsibility For snow removal Trucking gallons of dirt from Waterbury Center And making sure that it's safe For my customers all winter And putting down dirt every morning And I'm having trouble with the apartment Building across the street Overflowing all their cars And taking up that parking spot During my hours of operation And I'm looking to just make it So that there's a continuous flow traffic In two spots on Manuski Street So you're looking for two spots on Manuski Street Correct Right outside my bed six Right, so the six parking spaces And you can correct me if I'm wrong, Jessica I believe you had four spaces that are on your property So the trustees didn't authorize Six on-street parking spaces for your project They authorized two, I believe Well, the two was for the residential So one was for the apartment And the other was for my employee That would be coming to work But they were designated Because I didn't allow six seats inside the restaurant So yes Well, being authorized with six seats in your restaurant Does not translate into being authorized To have six on-street parking spaces And I'm trying to remember You have a parking lot Correct And you have three or four spaces Off-street that are on your property, right? I mean, two on the side On Manuski Street I'm not talking about on Manuski I want to know what's in your property My driveway has two parking spots Okay So I don't think it's I would recommend against Authorizing signs on the street That say customer parking only It's a public street If you want to regulate time That people park there You can regulate time But I would not I would recommend against saying That this on-street parking space Is for customers of any particular business So in front of the Northfield Savings Bank And in front of the My employees credit union And on the bargain boutique There's a sign in front of those businesses That say 15-minute parking But you can park there In front of the bargain boutique If you go into the bank Or if you're going to Crystal's beauty salon Or whatever You don't have to be a customer So I would not recommend Customer parking only signs The challenge with Signage that says We still have a lot of signs around it That limit time And I'm not against it But we don't do anything to enforce parking As Mr. Coffey suggested At a meeting a couple weeks ago We don't have anybody That's enforcing parking any longer So that's my only comment Right now So the incentive would be A sign that says I don't know, 30-minute maximum Just as a kind of a courtesy Well, in order to do this Is that what you're saying You could do without the name of a business? Yes, you could do it But you have to amend Your traffic ordinance And to amend the traffic ordinance Have to be warned at a meeting You have to do it at your next meeting And then it takes 60 days Before it goes into effect The Main Street construction Is going to tear up the whole road I rely on foot traffic And the sidewalks are going to be pretty much down And a huge deterrent for people And I'm worried and concerned The construction workers will take up Those parking spots My business is doing really well But I do rely on parking And I'm very concerned with this Main Street construction That it's going to be a huge Tenderance to my flow of traffic So 30-minute parking would be wonderful Really, it's just to make sure That there is a constant flow And if someone wants to park there To visit my neighbor for half an hour Because her parking's full That's totally fine And I'm okay with that I just would like for other people To continuously be able to park there And I'm not opposed to it I'm just saying that In order to do it That you're going to have to amend The parking ordinance And it will take It's going to be a couple months Before those signs can go up And then the other thing that You should know We're having a public meeting In this room on Thursday night this week To talk about Main Street construction But J. McDonald, the contractor Has decided and has been approved By the State Agency of Transportation To start the construction Of the other end of J. McDonald If I am aware And that's why I'm here now though Just because I know That it's not going to be an immediate thing That's going to appear At my bake shop tomorrow So I just want to get the ball rolling So that I'm not really anxious Next summer when it is In front of my bake shop And then I'm like In like survival hectic mode So I'm just trying to Get ahead of it And make sure that everything's in place So that I can be successful And focus on other obstacles Of advertising and marketing for my business And not be so focused on parking I mean unless I'm assuming incorrectly At some point that sidewalk Will be disrupted anyway Absolutely it will lose it for And the bake shop just like Every other business along Main Street Will lose those parking spaces For a period of time When they're under construction I mean that can't be helped And I believe I don't have the plans In front of me but Usually at intersections The project goes back You know 50 feet or 100 feet from the intersection So it may be you know Both on Main Street and around the corner That you'll be disrupted But that's We can't do anything about that Ever on a club? What? Four in a row That sounds like it's on You've got it Ever a coffee from Onoski Street And Jessica this is Nothing against you at all We've got it as neighbors I believe Lefty Seher Lefty's good friend Was involved with the parking spaces In the time and again there was Three between your building and the next building And I applaud that For a previous tenant Seher And I can assure you it's difficult I'll even blow it for two Because you've got to put the snow somewhere So you can try to push it in the back I believe initially you went to The trustees and you had Interests You can correct me if I'm wrong In the old mapping building Down on Randall Street And the trustees didn't approve that Because they said there wasn't enough parking And the reason for that is Because there's parking only on one side down there I mean that had to do with Acquiring parking from the state itself And they were unwilling to give up Access to their street And it wasn't part of their Actual sales pitch for that property And I believe you didn't go before the DRB The DRB had been decision based On Lefty's information Of parking places etc And I have expressed concern to Bill And Chris And it doesn't matter if you were there Or if it was my business People oftentimes pack perpendicular To the sidewalk And to the road And when that happens No matter who's coming up the street With a car, truck, pickup, whatever You have to go to the left of the center And then cut back in And it really leaves no room to get over Before the stop sign And we also had some discussion Starting about there for the best Expresso, whatever The woodman And that was blocking traffic As you look toward the Marlboro area The snow wasn't melted down enough But even today, while you had it It's slower than it was But it is still Somewhat of a distraction When you're turning right there I mean there are also parking spots on the road So let's say for an example There was a car parked in a legal parking spot Up front you wouldn't be able to see as well So the sign I do understand And I have been digging out the snow bank As much as possible And I've moved it centrally located You know I've gotten into multiple cars And driven up to the sign I believe a large part of the concern was The lack of snow removal At the stop sign itself Making people have to pull up a little bit Further than they should have But all that snow has now been removed So Well that has been an unusual winter But my recollection from And I'm not saying you don't Tell me what's the fact In talking with Lefty He said that the trustees Participated in the fact Of not giving you a parking down On Randall Street Where the mapping building was And I now have a wonderful business On the corner of when you see street Main Street In that building I'm okay with The parking down there Which is why I didn't try to purchase it And open my business there Right well The other thing The facts that were presented to the EIV Were not accurate And frankly And I'm not picking on you I'm just saying That it's an unfortunate situation Of having a business here Because it should not have been approved In the first place But it was your business And my business And my wife's business There's just this room to park there Move in and help Oftentimes your mom is here From Massachusetts I believe And it's really only room for two vehicles there Sometimes there's a pickup truck there And so it leaves nothing For customers to park Other than on your driveway Can we Focus on her request If you have issues with Her business or what's happening With that I feel like You can discuss it with Bill And we can address it separately From her request here tonight I don't think it's an appropriate time Necessarily I'm not going to change my decision On what we do based on Those kind of issues Those would be other issues That we can address separately But I don't think it's appropriate And I appreciate all of this Well I think That was going to be one of my questions To Bill, listen to Everett And Jessica both As part of this consideration To amend the Traffic Ordinance What other information besides Just a public meeting where we Should we consider Delving into As part of the information About this particular situation So it's pretty straightforward Request If there's questions about it We can certainly have The Minutes of the DRB When the business was Put there and the minutes of the Trustees meeting Jessica and I Maybe we don't remember exactly I know the trustees Took some action to Authorize the use of on street Spaces to meet the requirement That's in the zoning bylaw For the number of parking spaces That she needs and that Is a tradition That's gone back You know further than Well Everett was on the board When the trustees were doing it Further on Main Street This came in and said We need five parking spaces We've got one and the trustees Made a motion to authorize The use of on street spaces For the four additional spaces That were necessary so if you want I can have the permit I can have the minutes of the DRB But Nothing has got to change any of that The business is there, it's approved It's operating within its Permit whether You think it was Rightly issued or properly Issued or if we would have voted no Had we been on the board We don't get the change any of that So the business is there The parking is the parking and now There's a request to have 30 minute signs You're concerned and it's one of my Concerns as well because As I stated the overflow from The apartment building across the street On Winooski Street is a majority Of the cars that you're having issues with That then takes up all of my parking For the entire day because there's too Many tenants in that building And they have multiple cars For one bedroom apartments And as you've noticed there's been Two Connecticut cars parked in the Middle of the road that has nothing to do With my business and that is in fact The tenants from across the street But are not only parking illegally Overnight during the parking van But they're parking in the middle of the road They're having Customers Having anything that the Police could address No they could but they won't And I'm getting a lot of Backlines from people on the street About the Customers which are in fact Not even my customers They're tenants across the street And I feel that this sign would help With the flow of the message And even the people across the street It's not their parking and I know My neighbor isn't happy about The cars being there all day too I have two questions one You mentioned that it would be Similar to signs at the Bargain boutique is that Was that something that had to have a Yeah it's part of the It's part of the ordinance This you know there's sections Of the downtown There's two-hour parking there's Other sections that's one-hour Parking there's several spaces that Are 15 minute parking so we don't Have the authority right now To put up There's no restrictions right now On that on Winooski street From what I know except overnight And then I know I actually have parked On Winooski street and gone into your business So I'm kind of familiar with it but I think My In terms of transportation safety Is there a little setback from the corner Where this job site is or Because that's where the electrical pole is Yeah so there'd be plenty of Sleight of distance I believe it has to be 15 feet They also put like a wood stick in there That has now been chopped up by The winter So it doesn't look Like anything could be done tonight We certainly can get it on the Agenda as quick as possible The other concern I have Is that you know more about it Because you may have been more involved In your particular Piece of property In reference to any changes That might be coming along with The reconstruction project Are you going to lose any parking there Is there going to be a bulb out there For the crosswalk Yeah we'll have All affected as part of this Incineration The parking on main street For a couple of reasons And I think it will become More obvious But also maybe Less helpful when main street is done Because as Jessica said There's I believe it's a 15 foot Prohibition from parking Between the corner of the Intersection back 15 feet But on main street You've got the corner And you may or may not have enough Room to get a car and then you have the crosswalk So and you can't park Next or in the crosswalk So when main street is reconstructed There will be better crossing Facilities and there may be A bulb out right there and it may Eliminate A spot right in front of the building But the rest of main street Moving toward the center Of town You know there's a driveway at Mrs. Hickory's house And these will still be there But I know everybody Wants to park right in front of where they're going But it's not that long of a walk From the other side of Mrs. Hickory's driveway To the big shop if they want to park on main street You know I did have the town I believe two summers ago They helped me out and did put some lines In marking right in front of my business So there already is the hash lines From the corner 15 feet set in I have two set parking spots One spot in front of Helen Hickory's house Then the driveway So they already are drawn in The original reconstruction plans that I saw Which was a couple of years ago And I know that probably changed But they were moving the crosswalk To the other side of Winnieski street And then it was actually going to Ultimately give me the same amount Of parking because there was going to be The boldest pop out But it didn't really seem like much Was changing So I wanted to have clarification And then understand what we need to do I mean I think We've done it with other businesses That have requested or stated That they have cars that are parking Where they've been permitted to do business That are parking for extended periods of time And it puts their business under some pressure To feel like those spaces Are important to turn We have it and we pointed out A couple of different places in town I think there's enough parking up Winnieski street That might be offset Gets pushed back a little bit on Winnieski But both of those spots are Directly in front of her business Before you hit the next property So I think it's not necessarily inappropriate To ask even if it is up Winnieski It also might define those spots A little bit more Because it does have signage Where right now it's a little bit of The signs are pointed in a direction That you would park instead of parking In an angular perpendicular We wouldn't offer To do that for her With signage that doesn't necessarily say Her business but just Requests a certain period of time frame You know, if there was another business next door It said I need those parking spaces Because I need someone to be there all day But I don't think we're going to run into that In that location so I don't see why We wouldn't try to help her out And try to work towards approving this Just quick comment First off, I hope you know Jessica, this isn't about you It's about public safety And Having been an ambulance person for 35 years I've been to more than one serious Accent there and the other thing that happens There's a little dip out here In the pickup truck you're not in bad shape But in the car, they can two cars hide About All of a sudden they're there And also that At the time that this was done I actually had the same situation I know you went through the process with 5-5 As I did, I'm parking down on South Main Street With the doctor's office At that time the hospital and so forth So this is not about Trying to harm your business or you Against you It's just about the fact that we need to address An issue which is extremely difficult And as Bill said The trustees, not just when I was on the board But we approved parking for five more cars Or six more cars Probably in front of Where McKillicott is coming in And The Coen guy That was jewelry, etc. That probably would be 16 or 18 cars On top of each other So with that said, thank you And hopefully Something worth that was Back at the beginning Thank you I think this is a problem There is a problem here But I know I was on the DRB For a number of years And we had this exact problem The village trustees Would issue parking Spaces to a business But to be quite honest I don't think some of those parking spaces They were being double and triple Counted And I think that creates A disadvantage to businesses Such as yours The trustees and then the DRB When they have a parking allocation When a business like yours comes in We always Tempt to honor it Because we do believe in Economic advancement in our town But I think as Bill said Something long term Maybe with parking regulations Will have to happen As I can see Do we make an exception for you Every other business in town They want that similar exception Especially we're going to see that This coming spring and summer With the really For a years period of time With the reconstruction I've designed my business To have Everything to go Very minimal two options On my breakfast menu I'm not built to be a sit down Establishment From day one With my limited seating It would be one thing If I had an extravagant menu And I was piling in extra seats And trying to keep people there But I have designed my business So that it is a constant flow So that all the state workers Can come in before And I teamed up with Curig And I'm now in their food Subsidy program and I want them To be able to stop in on their Business area The other businesses that are there Mostly by appointment only So they don't have issues with parking Because they also have Off street parking in their own parking lots So I do understand your concern But the other thing is that All the buildings on main street That are currently residential Have the potential To be switched to commercial And become businesses like mine So there is room for things To go and I do hope that Our town does continue to grow And businesses and it closes the gap But where I'm located There isn't really a concern With main street route 100 That does turn over And people do park along there But again I'm just trying to get Something in place so that My construction does start The tenants across the street Have a clear picture that It's from people to Are there and I do I'm with Mark that I do believe that If a sign is but there then people will Be like oh it's parking And maybe think a little bit more before They actually just pull onto the sidewalk And like Correctly park Put a nice letter on their vehicles Work you know especially Residents who are there day in And day out you know saying This is not public parking Well unfortunately I'm To stay in the good graces with my neighbors And I find that whether They're nicely worded or not Anything can come off as passive aggressive Or mean or anything so Really I'm just looking for the support Of the town And supporting my small business And just helping me with Temporary parking signs so that You know I've talked To the owners of the apartment building I bought them no parking signs to put up Because they had concerns about my customers Over there they threw them away I've tried talking with them And it's Bill Well Just to correct Mike I think I understood what you were saying It is public parking And the only way it can be limited is If you limit it through an ordinance Otherwise Anybody can park there For as long as The regulations allow and except For night parking on those spots On Winooski street currently There are no regulations so there's Nothing wrong right now with The people across the street Parking there all day and I think What Jessica is saying is that Would be helpful to her business If we could say 30 minutes there And Then we have to hope they just Pay attention to the sign because Until somebody Authorizes us to hire An enforcement officer we don't Have an enforcement officer Unless they were even Correct almost every night And I've taken pictures of the cars Every night as proof so I Email them to you if you'd like What time does your business close You know currently my hours of operation Are 7.30 till 3pm I'll be expanding but I'm licensed For 7am to 7pm Well this is all good information For when we take it up as A topic on the agenda And you know to Put out the public notice so that People are aware of this Discussion Hopefully if there's any neighbors That want to come and attend And express their grievances If they have any or Support I just From a select board standpoint I know from issues That the trustees had Kind of created in the past Now that Baton has been passed to us And moving forward I don't want to make the same mistakes You know if we can Enhance your parking Then Let's do it but I want to make sure That we're not Piling one on top of the other Like they have in the past so That's a mischaracterization I think the trustees Were not trying to You know not care about parking The trustees and the village Created Most of the public parking places That are in the village They built the foundry street parking Lots They built the parking lot on Elm street They did what they could do To provide Off street parking And the business, the alternative When Or a restaurant came in And said we'd like to put A 30 seat restaurant in your downtown If the trustees had said You can't park on the street You need to find your own public parking Half of those places wouldn't be there So I think it's wrong to characterize That the village caused this problem I think also There was definitely talk at one point And I know larger towns Have done it, they've gotten rid of Having time Parking to business size And that's how the bigger cities work They know people are going to figure it out And walk a little farther So I think We're in that tipping point town But the other solution is You literally just don't have that as part Of Of the permit at all To say that they Made a mistake back then I agree I'm one of those businesses They go find a way I should probably be panicking When main street reconstruction Comes through I'm going to be on an island But I still know That it's important to be in the downtown And people will walk to my business I don't think it's I think as a local sometimes it's tough Because you do have to park a block or two away But I'm in the business heavily And parking is not an everyday Conversation with my customers I think the fact that the DRB Has kind of Not referred necessarily to Mike Because I've heard from other DRB members in the past That there has been Some I guess extension of Perhaps double parking Or giving businesses perhaps A little more parking than they probably Had the ability to actually have I'm not blaming anybody I'm just say moving forward Not only do we have the reconstruction project And parking And to say that we haven't had a parking Issues in this town is unreasonable Because we've been We had a parking study and we've done a lot of Debating over parking issues And you know Want to buy TD bank north To try to help out with the parking Issue I'm just saying that as a Now that it's in the board's lap Moving forward I just want to make sure That we try to do The best job that we can to make it all Work A lot of it's all perception It's people Get so used to parking Within 15 feet of where they want to go Versus have to have a 5 minute walk And the businesses In the core downtown By The market there's always Plenty of parking space down there Now we lost by the TD bank parking lot You know people are complaining but It's really not that far of a walk And People's expectations That was underlined by the parking study I mean it's a short walk It was actually Very Positive on the nicks that we have People in big cities wish they had that Short walk And I think towns make the decision as They decide to build up In the core that you start looking at You might have for parking and I know In that parking study they mentioned TD bank If we were to lose it So I think it made sense as a town to Potentially Move to try to acquire that property But it's still a parking lot luckily And it's now just paid for parking So we didn't necessarily lose the Ability to park there but it could Potentially be developed so I don't think It was a bad move to try to Purchase up but My point being is that I think Options that town offers to continue Development in that area And growth in that area to keep it away from Going I'd say too far out of the Downtown before the downtown goes up Alright Well we can take this up at another time And try to get it on the next board Meeting If that's just enough appropriate Time to do so Alright Thanks for coming in Thank you Okay Discuss and identify Board priorities for the coming year I guess we got our first one Alright Any suggestions from the board Want to kick it off here Yeah I'll kick it off I think we made it pretty clear Towards the end of every year we brought it up Definitely towards the end of last year Of Really taking a hard look at paving And Taking an inventory Of the roads That we have that are paved to try and Understand lifespan Expectancies The cost of paving and maybe some alternative Options in terms of Anything we can do to maybe Improve the process of How we build our roads and You know foam has been brought up But just different things that we could do To see if there makes sense to Make a little bit more investment now There's also a good amount of money in the future So I think just having I think Bill you mentioned If we empowered you You thought you could spend a little more time Focusing in on that and Helping us understand maybe how to Create more focus than we ever have On Options surrounding Our road systems Should we include sidewalks Yeah I was going to say There were a few issues that came up in the last year There were some problems in sidewalks One of them is the Route 100 Study that was done and now We're actually going to be in Construction for the first part of The sidewalk from The Stow Street Route 100 Intersection going up Towards Colbyville The whole project has been Pulled I was going to ask for a status update on that Too expensive Well VTrans identified the fact that The sidewalk across the bridge It's expense, it's logistics And the amount of money that And the bridge has to be replaced anyway Right So for now it's all on hold Even the Route 100 section Yeah they don't The goal that the municipality had Was to safely get The Cross Route 100 And we had that study done In order to have a crossing signal There You need to have a sidewalk facility on both Sides of the road We could build one Without too much problem on The Best western side of the road But where they can cross On to the Stow Street On to the side of the road It's problematic We had the sidewalk Going across the bridge Where it currently is And then crossing Stow Street To then cross Route 100 On to the corner Where they Was at Shell State There was a little section that Would go to the Shell Station There was a longer section To keep the sidewalk On the lower side of the Stow Street bridge Go up and then cross Stow Street to get to that Crossing because There's too much conflict With turning lanes and everything else They're not happy with it So they said you can't cross here The ideal situation Would be to cross Stow Street down Where you can cross To go to Lincoln Street Up to the crossing The park and ride If we could cross Stow Street There and then go across The upper side of the bridge But that's not where the sidewalk Is on the existing bridge So the problem is trying to use The existing little piece of sidewalk Doesn't fit in with The problem is the Stow Street bridge So then if you think well You're going to need to We were even discussing The Stow Street bridge A separate bridge Stow Street bridge For like two and a half million dollars It just became Ridiculous to go down this path So that's a shame because We've been waiting a long time To try to get a crosswalk across Route 100 To me the regulations Don't make sense People are already walking Across that bridge Already taking their life In their hands to cross route 100 And to say that it wouldn't be safer To put a button in there To allow people to stop traffic In all directions To get across route 100 Where people are already crossing You can't put a button in unless There's a sidewalk facility on both sides Of that highway And you can't put a sidewalk there Because you can't get to it Safely And you're life in your hand crossing the street That's the answer to the question It's very frustrating And that bridge is years away Because it's not bad enough Right, it's functionally obsolete But it is not structurally Obsolete It's I don't know Derated or serrated It's just not high enough on the priority list To fix That's a shame And that went through a full vetting With the VTrans engineer Yep Okay, thanks Is there any update on the other Section of sidewalk that was On the old rail trail We had the neighborhood Come in from the It's being developed up on Lincoln Street I have to check on that Because Steve was going to look at some alternative Signing issues with that Okay, thank you Go ahead, Mike I'm a new kid on the block Maybe have some Perspectives on some things That, you know, again I tried to follow The select boards Coming and goings But other than the real obvious Are the water very big dig That's happening I think a big issue That's going to be confronting us Is Economic development We lost jobs from Green Mountain Coffee Roasters Whatever they're calling The center Carl Seuss The research center The Dr. Pepper Center That's now gone We have seen a loss Of some really good paying jobs In Waterbury And I hope the trend Continues, but I know, you know, we're looking at it With, you know, we have some economic development Folks, but I think that may need To be a focus here I hate to lose In communities good paying jobs And Waterbury is known for A community with good paying jobs And I think, you know, we You know, there needs to be some focus To revitalizing Waterbury, etc To try to maybe stimulate Some new companies from coming in I'm on the board on For the For the economic development director And I can guarantee you those properties Are in each of our discussions And there's active communication With at least the Landlord that Owns some of those properties And what his needs may be And what we can do to help find new tenants I think there's a little bit More of a question mark of anything That's owned by Curie Green Mountain And what appetite they might have For us to try to, I believe there's Potential where those properties Will become owned by the other Gentlemen, so there's good chance At least we'll get them into local hands Which will give us a way bigger opportunity To find a new tenant Great, thank you So, so far we've got infrastructure issues Economic development issues I know we had a gentleman Or the conservation committee Was here the other night talking about roadside Mowing concerns That's something else we can talk A little bit more about because I don't know That we really landed anywhere on that I guess we had spoken at 1.2 earlier in the year About Taking a look at putting some form Of a policy in place pertaining to How we treat our roads Assault and sand use And maybe having some discussion About What we can do to Lesson our Reason to use Especially the salt Because of the damaging Effects that it's having And our water systems And our vegetation Also as part of that Discussion Perhaps we could also If this discussion Leads us in a direction that As part of Some of the changes of this policy Or some of the Limits of this policy May require us To take a look at Slowing down the speed limit To create less of a liability If We do in fact choose to Maybe put some limits on our salt use Just part of the overall Discussion And That's I think that's one of the top Concerns that we I'd like to take up anyway for this year Okay We had met A while ago about Some concerns of people Exceeding the speed limits In Waterbury center Around the center green there And I think there's been Some follow up with some research From VTRANS about alternatives And I just was going to say I was part of A Effort to do a corridor management study The agency of transportation Organized three Meetings with people from Stowe and some business leaders From Waterbury They were up at the Stowe Aigley building With a very lengthy Catch all List of possibilities I know there were some grants From VTRANS planning Anyway, I just throw that in the mix This is some traffic coming Or some planning grants for the center That we might take advantage of That go along with transportation And economic development as well As open space planning I'm interested in open space Preservation as well So just to follow up on one more thing With this, and we've had discussions About speed limits before now I don't know if there's any Rules that Would help us In that part of the discussion As far as if the town besides To stop treating its roads So heavily that there may be A concern about slowing People down That would weigh in on that That would be a challenge Statute that Prescribes how Speed limits are Posted It clearly states in there That you set the speed limits For normal driving conditions And the like So the speed limit on the interstate Is 65 And there's not a state law That says if it's snowing out It's 40 But the police officers can In operation or whatever If they feel you're driving too fast For the conditions So I really don't think there's Going to be an ability to Change the speed limit If the speed limit on Guptell road Should be 40 miles an hour The speed limit on Guptell road Should be 40 miles an hour And then if the conditions weren't We hope that drivers are smart Enough to drive the conditions So I think the speed limit On this issue is There's not enough nexus there But do we get any follow-up About the With the Mario's So on Guptell road we signed The agreement last year I'm hopeful that VTrans will come in And do what they Suggest that they would do With sign engine and everything else And we talked about that whole area Up near the triangle Right now we have not decided The four-way stop or three-way stop Whatever it is, we're going to Watch to see what happened With the signage that goes in So I'm hopeful that VTrans will Do that sooner rather than later But we know it won't be for a couple months yet Anyway I'll try to check with Bill Woodruff on those So one other thing That we probably ought to talk about And you're probably not going to believe That I'm going to say this But recreational concerns And what we could do to Try to enhance The ability for the town to Not take on Not bite off more than it can chew But maybe do something About our recreational building facilities And Maybe it's something that can be done Outside of the taxpayer's dollars Either with volunteer help Or fundraising type stuff I know there's been a desire to Perhaps Grow the size of the recreational building A little bit or do something different In that respect To help Accommodate that program a little more Yeah, just as a reminder And I know it wasn't There wasn't unanimity on the board About it but The board did apply for And we received a grant to do a study For our community center That has The town Revitalizing Waterbury and the senior center I believe are the three entities That are kind of looking at that To identify what the needs are And if there's an Inability And once the needs are identified To identify a location If there is a need It's a little bit different than Your Suggesting Chris, but I think We only have so much staff capacity And the board committed to this Study and this grant Which we've received, so Nick is going to be involved along with Karen Nevin and others In the community To First of all Solicit A consultant Who can do this Study And so I think we're kind of Addressing some of the recreation Needs in that fashion and If it turns out That the Community center need is Identified but it's in the Stratosphere as far as What it's going to cost to do it Then we shift gears but We only have so much staff capacity So I would recommend that we Staff to Go down the route that we Authorize for that grant What's the timeline? Is it like The next six months? Yeah, we should be getting ready to Solicit The grant agreement just was Delivered We're all set to sign it It just needs administrative It doesn't have to come before the board And then we'll take the next step Of beginning the process of Soliciting for a consultant How much was it built? I don't remember The planning grant was $35,000 The other thing To just in terms of Recreation Nick can confirm for me But if you remember we Applied for what was Known as the VOREC grant And it was $100,000 grant We were encouraged to Apply for all or most of it We applied for $50,000 We had like a $65,000 or $70,000 project We don't yet know Who received the grant But we know it's not us Evidently there was Close to a million dollars worth of $1.7 $1.7 million worth of grant Applications were submitted for this $100,000 worth of grants We know That we were not the recipient of the grant So we will be Shifting years in the Rec department This many things that we're going to do Infrastructure wise And now we're going to do that many So stay tuned So I think Newport got $35,000 of that And then Randolph got the other $65,000 This morning Good for Jessica Yeah, she She had to go out there and apply for it And then she had to go out there and thank her for it afterwards Good Continuing down the list of things One of the things I think That would be helpful also is I don't know what tier we want to Set it up, but maybe having A little bit more of an annual inventory Of any vehicle Or piece of equipment over a certain price And it's estimated age And replacement cost is I don't know how Just something like that would be helpful We all have busy lives And then we come into a meeting and we get A little bit surprised that there's Two fire trucks that maybe It would be a little bit helpful to just have that vision As we Plan things, it would be very We'll happily put it I'm not sure if that's ever been put It has, but we can A little bit earlier than Yeah, just maybe Forcing us to review it a little bit more often Than we do Good food for thought and the plan for the future For sure I also think We talked about putting together a committee on housing Specifically surrounding Affordable housing Options and What to do Not necessarily to curb short-term Housing but to make sure that we Are appropriately reacting to that Business because There was just an article that came out about The impact of Vale resorts And ski towns and what that does And I think we're starting to see some of that Impact which is the elimination Of workforce housing As more short-term Rentals come on board and I think As we look at town plan and zoning And everything else and we happen to be A town that's I think Great for workforce And it sounds like that that Outpriced the labor market That we have the We have an opportunity to have a really Nice supportive town to stow But we just have to plan for it We have to have accurate numbers So we can go out to Whether we need to make decisions to help Grow and react To that or we need to at least Put the appropriate information Hopefully in the right private Hands We can react to some of that instead Of being on our heels and I specifically see a problem in town With workforce housing and The ability of staff like mine Or other businesses in town just to find Housing they can afford I think some of the new zoning regs Might help address that Yeah definitely I think so I know that's another year out Before we Get our hands on that so Might be a little premature to Address that even though It is a very important issue Any suggestions from you bill Other than Yeah all this All this We're just tossing out ideas you know This is a weeding out process You know Just save the world I actually did have another one Just to put it out there but I think it can wait a year I think it might Even if we are hoping that we Can renew the police contract For an additional three years I think I mentioned before But I think it is worth at least Reviewing what we think an equivalent Equivalently Successful police department would Look like funded by us whether it was A two officer or chief And single officer police department Just understanding what those costs would be Just in case the contract can't be Renewed for whatever reason the state Kind of contracts maybe I'm totally False on that but I think the other thing that happens With that police contract is I think they're better Than state police in terms of the Interaction with the community but We are still limited to certain things Like enforcing a 30 minute parking Sign that We're talking about maybe approving Where there's a little bit No policing on different things Like signage and stuff like that To consider To that point and whenever it Raised this issue a couple weeks ago He was absolutely correct and In fact that When the village still existed We did actually Advertise the village Advertised for a parking Enforcement officer You do not have to have a police department To enforce parking regulations You don't have to be a sworn officer And I didn't think it was a bad Wage that we were offering I can't remember if it was $12 or $14 an hour To simply And it was I can't remember If we advertised for 10 Or 15 hours a week And we wanted the person to be Have a flexible schedule so that They weren't always enforcing The parking between you know 10 and noon and that was it That they would come and go We contemplated that we could So Maybe it was because The person that we were Seeking was going to have to Report to the police chief and nobody Wanted to do that But we didn't get one applicant Now we don't have Anything in our budget now To do that But And I won't get the number Right but when the police Department did And there were a couple of years In the last few years of the police Department's operation where we Actually brought in one of the Part-time officers to do parking Enforcement and they were going To do parking enforcement for that Three or four hour shift Unless there was you know Some emergency at the school There was another officer on duty Who was taking the regular calls So Parking Tickets could pay for I won't say all But some of this And you know if you hired somebody Full time and you had to give benefits It would never work but If you hired somebody for up to You know 15 or 20 hours That's a means By which we can do it without having To have our own sworn police Department and it might Be too late to fit That into this year's budget But That's something that maybe should be Discussed Maybe it doesn't make sense to do it While Main Street is under reconstruction Just let it be a free for all Or maybe it's really important To do it during Main Street reconstruction We'll get a little Taste of it this year I suppose But that's an issue And it does not have to be solved With a police department I was noticing in Montpelier That Friday when I went out I had stopped in the motor vehicles And I'd seen that once before There I got out to put some money In the parking meter And I Picked half of what I wanted to Put in a meter up off the ground And I said to somebody A gal there waiting to go in the motor vehicles I said somebody could make their days Pay just picking up change off the ground From the melting snow You'd be surprised how much It was on the ground But that's Certainly parking meters Seem like a fairly decent way Of controlling the parking Issue anyway Well again unless you have somebody Who's going to write a ticket from time to time You can put all the meters on People won't pay attention to them Unless somebody's getting a ticket Once in a while Just one last thing I hear this every Town meeting About the small Different budget items For different groups And stuff like that I hear a lot of chatter About What I'm really getting Are do-do From some of these organizations I know we receive reports But some of them really don't Tell the full story If I can organizations asking For Two or three thousand dollars Some people said can we not come back And say we'll do fifteen hundred But no one at town meetings Going to Can't make those Those kind of things Maybe if we can internally Look at that Look at some of the smaller donations Are they Are we getting our dollars worth Talking about the special article Yeah all the special articles This is the issue that Chuck Cloteca raised at Town meeting and where I kind of Joked Into Chris's ear and say well make him The chairperson of the committee And you know it was raised And Mike is right it gets raised Every time and I know there's frustration On staff's part You know we do I spend an awful lot of time Trying to Get the last Ten or fifteen thousand dollars out of the budget Because we don't want to have A tax increase that's more than X, Y or Z And then these organizations just They get whatever they you know we We cut our own budgets When we're looking to Reduce the Tax impact so we take Something out of recreations Departments hide we take something out of the The way departments hide You know we talk about the library Keeping things under control But you know all those Fifty Five thousand dollars worth of special Articles they get all their money They keep on getting higher and higher Every year so you might want to Advertise call up Chuck and ask him to get a couple of People that can do their Research I haven't forgot it And I'm yet to catch up with him But here I am I'm going to have him Come down and have a little sit with me And see if it's something he's interested In doing and we'll go ahead Everett. This is quick I don't need To get up to the mic even though Andrew will be mad but Mike a few years back I suggested that there was nobody In the audience to explain That it was They have to take an issue The center of our crime problem was one And we did eliminate that There's a new beginning There's X, Y and Z And there ought to be somebody there That could testify What they do and what value we get out Then there's always Either staff or someone who knows A little bit about the organization They don't want to see them lose their money I would say Everyone of those organizations should be told You need to appoint A representative to come to town Meeting to make your They did use to do that And it's kind of In the last four or five years sort of gone away Well to Bill's point there Last year Red Cross Didn't even send the bill To receive their money So all of the organizations That receive an appropriation At town meeting After the 30 days Go by Carla sends a letter to them and says You were appropriated Whatever X amount of dollars You need to send us a bill And we typically don't Pay those bills until the end of the year Because we don't really Need to borrow money and anticipation Taxes to pay somebody else So we wait except for the community Band that kind of needs it For their summer concerts We pretty much wait until November or December to pay And they can send their bills anytime And we just will hold them until The end of the year And invariably somebody Decides either They don't want to send a bill Or they forget And then the next year They end up calling and saying We got a $2,000 appropriation last year We want it and it's Sorry the years over it's done It's gone so yeah So if they Can't even Put a form letter in an envelope And put a stamp on it And send it to you how much do they really need it That's my point I agree with Chuck I think You know and some of the Or some of the organizations I believe are great But some Could probably do with a lot less Than they're asking us for Especially if we're not getting a lot of True benefits from that organization Yeah and you might want to consider Some towns require the organizations Every three years instead of Just being on them Year after year after year if there's no increase That's not a thought We can work for it Yeah no I'm a big one it's like In some of the organizations We've lost the reason to Fundraise for yourself Have bake sales have some of the I know a lot of these groups do But sometimes Just work a little hard And we've already taken a step You know it's the balancing point Between Having the ability to say no And having to be there until Two o'clock in the afternoon So you know there's a bunch of them That we've consolidated into One article now And it gets hard Because if you didn't want to fund one of them Someone would actually have to make a motion To amend the motion And remove the funding No one wants to spew a screw Exactly Anyway if we're in the town You can talk to Chuck Yeah so unless the board's got anything More on this particular issue I'll follow up I mentioned You know going to those meetings about Roo 100 corridor management Planning efforts And I'll follow up on the name of the grant Program there might be some funding that Would be something Steve Lots of speech could follow up on things Okay I guess we can Put that one to bed and we'll move on To manager's items Select board orientation Okay so we Do this every once in a while We have a new board member So I've got a couple things here to Just distribute There's probably more than the board needs If anybody in the audience wants it This particular Packet has to do With The statute for municipal managers Nothing has changed I'm still the municipal manager But this state Legislature did take the opportunity In 2018 To Kind of rework this section So this is Amended language We don't have to take any time Really to read it here tonight Mike you've been around long enough You work with communities And your job before you understand What town managers are There is an opportunity To go to a select board Training program that The LCT is putting on If you or any other board member Are interested In touch with Carla She can give you the information And Manager Communities with managers Operate a little bit differently Even though we operate under general law The municipal manager's position Has been bested with the authority To do almost everything that The select board does In Towns Lake Stocksburg for example But just look this over If you have any questions Those TOEC Readings are excellent I've been to several of them And I'd recommend any people In the board here to attend Especially if there are subjects That you're interested in I'm distributing The Towns investment policy right now We're going to take a few minutes To just quickly review The different Investment funds that we have The handwriting on this Is not meant for tonight Tonight's meeting but I did review this investment policy In preparation of tonight's meeting And I think It's right for some Amendment Most of the amendments that I'm talking About here are really Matters of form but there are A few Meteor Not meteor Meteor items That we should look at So the notes on here are really Rather than Print out a completely clean copy And then Have to print that I just handed you the one That I had my notes on So at a future meeting I'll come back with some amendments To this investment policy But this is the policy By which we use To manage Our investment funds Which includes the tax stabilization fund All of the capital improvement funds At the end of this you'll notice That I talked about The cemetery fund and the library fund We have elected officials Who Have the authority To run those departments The library fund It's clearing state statute That they Make the policies for how they Handle their trust money The cemetery commissioners it's a Little bit more gray I don't think anybody on the Cemetery commission is doing Anything that's Outside of what This Policy outlines already But I do attend all the Cemetery commission meetings I work with them and in the Last They have come into possession Of funds that were formally Owned by Not-for-profit cemeteries Associations that have disbanded And they turned all their funds over To the town What's the caulkens fund We closed that A year ago at time meeting The voters That was a fund that There was a In our audit every year There was a notation caulkens Fund and there was like $2,500 in it or something Like that. I did some research It was Bequeathed to the town back in the Early part of the 1900s and it was To be used to help the indigent So a number of years ago We identified A certain amount of money, we put It aside, we invested it and then We used that money to Distribute funds to the good neighbor fund Which is an organization Of some of the local churches And others that Try to meet the needs of the poor A year ago at town meeting The select board recommended To the voters Rather than manage this fund And then have to remember To make these distributions all the Time, let's just Turn the money over to Organizations To the town that are caring For the poor already. So That was approved last town meeting And sometime in The middle of Last year, I guess it took until October, but we finally Managed to Send all the money to them. So we don't Have a caulkens fund anymore. Not to say that I remember. So I will make some Recommended amendments to The investment Policy And we'll talk about that At a future meeting And then Chris, if Last thing, if you'll pass these around And I do want to take a couple minutes Just because Mike is new here To spend on this Like I said, if anybody Anybody out there want one? So Let me take you through this We have Several Funds that are Reserve funds that are Specifically Under the control of the select Board. And then as I said There's the library fund and the Cemetery fund. So on the top page Fund 48 Is the tax stabilization fund And I have Given you the balance sheet As of The end of February. So in the tax stabilization fund You can see that We have one at Edward Jones $48,500 Is In A money market there And then Almost $395,000 Is invested in securities The Due to, due from line It's a minus $220,000 That means There's $220,000 In the town's checking account That Well, actually there's This fund owes the checking account $220,000 Doesn't owe the checking account But $220,000 Of these assets Are due to the other funds And then the fund Balance you see is $963,000 The $760,000 Of advances to other funds I Didn't Handwrite it on to your balance sheets There but We are Lending money to ourselves So $75,000 Of the advance to other funds Really what that means is The tax stabilization fund Has lent $75,000 To the highway infrastructure fund It has lent $255,600 To the highway vehicle fund And $429,700 To the fire vehicle fund Now those Especially those last two Sound like kind of not round numbers You know why would you lend $9,700 While I've started off at $535,000 And that fund has been paying Paying the loan back To this fund So the outstanding balance at the end of Last year For the fire vehicle fund It owes the tax stabilization fund $429,700 And we are Lending that money to ourselves At an interest rate of 4% And it's kind of critical On this fund itself If you looked In the Investment policy The investment policy For the tax stabilization fund And you don't have to turn there But it talks about That Only a certain percentage of it Can be held in Equities And up to 50% May be invested In common equity Securities purchased as mutual funds So we're getting to a point Where we had too much of this Money invested We have to rebalance the fund And Fixed income Securities were paying such a low Interest rate that Federal Reserve Had about a zero interest rate And you could Even Junk bonds were not paying Very high interest rates So what we did in order to Diversify our portfolio And we couldn't find Bonds that would pay In the 4 to 5% range Like we used to be able to find We decided to Pay ourselves 4% When we borrowed So that $1300 at 4% Is actually generating $30,412 This year that will go back into this fund We're paying it to ourselves But If we were to borrow that money From the bank instead of ourselves We'd be paying the bank 2.5% And some people said Just borrow it from a bank And leave the money invested But when you have a restriction Invest More than 50% of the portfolio In equity securities And you can only invest it In fixed income or money markets You really restrict the amount Of growth that you'd be able to Generate. So we decided To lend money to ourselves At An interest rate that Makes this fund Work better for us Question Bill When we go out To make All these funds We're probably seeking Different brokerage vehicles Do we go out By our RFP process Or do Companies do a proposal for us We haven't done Any kind of search For quite some time The money That we have invested Is invested with Edward Jones And all these funds The library has their money With Morgan Stanley And because We have As much money invested as we do In the variety of different funds And they've actually Rolled the former village Which is now EFUD into the Total amount of municipal money So when we do Buy something that Requires a commission to be paid We're getting it for the Absolute lowest rate Because we have such a high volume And it's local They've done well by us So we haven't put this out to bid For a long time So anyway That's the tax stabilization fund The CC Fisher fund Which is fund 52 That is a fund That CC Fisher Ever probably can tell us Better than anybody in the room Used to be a fire chief In the villages fire department years ago This money Belong to the village fire department They use it for training And for sending People to seminars And the like It's typically not used by equipment A number of years ago The fire department asked The village trustees if The village would take over This fund and manage it Because As I just said we had Volume discounts in terms of Our brokerage fees And because They felt that They would be better served By having The municipal staff Who was doing this regularly Oversee this Village fire department Merged into the town fire department The CC Fisher fund was transferred From Under the village auspices Into the town's auspices So this is a fund That is for the benefit Of the fire fighters And I report to the Fire chief About this fund rather regularly They haven't taken Or withdrawn any money For a number of years from this fund At some point if you want to Talk to Fire chief Gary Dillon about the fund I'm certain he would be willing To do that Fund 53 is the cemetery fund And again I should have mentioned it before But the Statement for the end of February That's attached just shows you What the investments are Where they're held So in this fund again Looking at the balance sheet $65 is in a money market At Edward Jones $417,830 Is invested And then the $97,810 That means there's $97,810 In the town's checking account And that money belongs To this fund We have fund accounting So we have one checking account All the money from all the town Accounts are in that checking Account unless we choose to Invest it And then this do to do from Just simply tells you that Either there's money in the Checking account that is Closed up shop today Would have to take $97,810 Of cash and give it to The cemetery fund That would be closed up shop on The The tax stabilization fund today That would be $220,000 Of that asset that would have to Go back to the checking account So that's what that do to do From the audience The cemetery commissioners as I Said About $100,000 Of The Reserve Center Cemetery Association Back in the 2013 timeframe And then about $350,000 Or $400,000 Came from The Waterbury Cemetery Association Which is Hope Cemetery They turned that over to the Cemetery commissioners who are Elected officials of the town In 2016 I believe it was shortly after we Were building And I didn't provide An income expense statement But And Probably not the next meeting The second meeting in April Will have a budget report for the First quarter and I'll show You the income expense statements And show you what's happened Since the first of the year So that's the cemetery fund The veterans monument fund Again, that was money that was Turned over to the town I want to say around 2013 The BFW In town Had money that they had Raised And they were using that money To Use to help Clean and repair Or maintain The different monuments to Veterans around town The BFW gave up its Charter There's no longer a Waterbury Chapter of the BFW Before they gave up its Charter They came to the town and said You know The monuments are important We'd like the community to take Care of them We'll turn over our money to you When they turned it over it was Probably in the $1 range They just had it in CDs and money markets We took it, we've invested it And now the fund balance is Almost $85,000 And every year Or so there's money that goes out You know, we've had Vandalism to the monuments That we've been repaired If a new name has to go on We pay to put a new name on We pay for time to clean the monuments And then the last one Is just to let you know That town has it As I said This is the library trust fund And this is clearly under the Under the jurisdiction Of the elected library commissioners And that's Absolutely clear in state statute Do you recall what they drew That down to there During the construction Of the project here? I don't Chris I can Look So anyway Those are the funds that we have Money invested in Obviously anytime you have a question You're more than welcome to come And see me talking on the phone Shoot me an email And We try to have Quarterly budget reviews Just to keep the board up to speed Lots of times in the past The board have found itself too busy And the meeting is lasting too long And it's always the first thing that gets Well, we'll talk about that later But I will prepare A budget report For Each quarter So the quarter ends The end of March, so it'll be the Second meeting in April probably We'll have a budget report At that point And then the same thing The end of August For the July quarter And then the Second part of November For the October quarter And then it's budget time again Down the aisle Okay But anytime You don't have to wait for that If you're curious I'll look at multi-million dollar budget Come in and visit with me You're more than welcome Thank you for the offer Okay, that's it Chris For that stuff Let's see if anybody has questions Yes, we've got a pending legal issue That we need to take care of and we need to go into Executive in order to do that And I believe Mark just got handed the Motion I moved to find that the general public Knowledge of the details of potential Litigation involving the town of Waterbury Would clearly place the town on a substantial disadvantage I moved to enter executive session To consider potential litigation Involving the charge of Mr. Oak NKO versus town of Waterbury And related confidential attorney Client communications made for the purpose Of providing legal advice to the town Would somebody like to second that please I will second that All those that approve say aye Aye And I would like the Board to Invite myself And the Recreation Director Into the Executive Session Okay, appreciate it If you'd attend Okay, we can go into the other room So