 Okay, I'm calling the meeting of the orange and finance committee to order the first order of business is the minutes Are there any corrections comments changes do I have a motion? Second Okay, moved and seconded to accept the minutes as printed any further discussion Okay, all those in favor, please say aye post okay, men serve a Adopted okay, um Charlie's downstairs Making up capital revisions are the ones he sent out today Because I think it's complex enough. They'd like to see it hard copy I know I don't have any people had a chance to actually print that up But so what I think I'd like to do we've got one Revote I'd like to make on men and and we voted four million two eighty four five eighty three They're right here and That was a number that was in the long-range plan and that was the number we got I thought that he was focusing on but when I opened I went back in and I opened this up Sandy caught it is There's another six thousand seven hundred and fifty hours for close post-grad adjustment So it's not a lot of money, but so the correct number should be four million two nine one three three three four million two nine one three three three So it's just that extra Small piece that we needed to add back in or add in Any questions, okay, we don't have a motion post-grad assessment Three thousand three hundred seventy five dollars a student so obviously must have been two students. Okay. Do I have a motion? Okay, second any questions Okay, all those in favor of four million two ninety one three three three for a minute man, please say aye opposed Okay, okay What's Discuss it with that Charlie here Well, what's it go look at the Reserve fund transfers Okay, so Sandy do you want to go through these sort of one by one? Sure There are two of them there. The first one is the HVAC system at the Audison Middle School This has been failing and I'm told by Ruthie Bennett and Cathy Vody that it will not make it through next winter They have contracted to Replace it there's in your handout a copy of the contract that they have signed that is They're just waiting to move forward on they've in fact put a deposit down on but Full of contract is pending Full funding which this request is for for two hundred fifty thousand dollars We think that there will be about nine thousand $950 in rebates from ever source for some of the equipment that's going in But they tell me that they really need this and get going on it So that plays so when school starts up next year The second is a Time sure, okay, so the request is for two fifty five ninety five. Yeah, okay I believe the superintendent mentioned this when she came in when the school department was here Any questions for the I suppose a town manager For the for Sandy, okay drive a motion Okay, second Okay, moved and seconded for two five oh five nine five any further discussion Okay, all those in favor, please say aye Okay, unanimous Yeah, Rick. Pardon me. My name is there. Sure Rich Viscay is set up. I guess what I'd call a capital account So once it's spent that will close back out the free cash when it's done So it's not part of the school operating budget, but a separate capital item for this particular project Okay, so So it's a transfer to the schools Yes, and in a capital account for the school department Okay, well department settlement this it comes about because of a negligence suit that was filed against the police department because of a wrongful death claim The total settlement amount is seventy five thousand dollars the law department has $50,000 of that and other settlements accounts or its own budget this would give them the last twenty five thousand dollars They need to to settle this Again, I want to emphasize that it was a a negligence claim. It was not an issue of police Doing something to this guy But it's family alleged that they should have done more Turned out unfortunately to beat this fellow's death Questions, okay Second Okay, all those any further discussion Okay, so the motion has been made second for $25,000 for this Settlement to be transferred. I assume to legal department. Yes. Yeah, it's on the transfer form that's attached here All right here. Do we have a transfer form for the schools? I did not just because I couldn't get Kathy Bodie to sign one today because so but I can tell you the account number It's going into it if that's helpful Because I have that from this guy. Okay Uh, did we just vote that yes, okay Yeah Just have the amount in it No, that's the two that's just so you know where it's going Okay, it is now in your park Okay, reserve fund transfers are done Yes, I'm sorry Do we know when those will be will the primary be this fiscal year What is the next state election Have you heard anything I have not heard anything I think excuse me. I think it's a little too early yet Did they're going to call it but you could have as many as four elections? Well, you have depends upon who runs two more for a You'll have a primary and a final and you could have another primary final depending upon who runs Oh, right, so you could have Okay, well If uh, who is the town court's budget Peter? Oh in the select one Could you check with the select one's office and see what plans they have? Okay, just test basis with it because it's probably in flux right now depending upon if they haven't announced it So no one has come forward and say they're running Jane if you're born with bored with treasurer you could run for state senator Okay, all reserve funds are done minute man's done minutes are done Traveler you ready? By the way, I trust everybody is notice black Behind you Got it back Or Okay, so everybody got the handout So First of all, I want to apologize. I promised that we have the capital vote ready for this meeting But we don't have it ready yet. We're a little bit signage or because of some Lack of final inputs So a number of things have happened since we did the capital planning presentation here on March 8 On March 12, but I can't recall whether we discussed this at an earlier finance committee meeting or not, but on March 12 Adam and Sandy Informed Al and I that the gift project was coming in at roughly a million dollars over the prior estimated cost and as you may recall the gift project is dead excluded and the so the amount of Money that can be spent on the debt exclusion is Through a complicated matter if we don't need to discuss tonight constrained by the vote Even though there's no number so I have a little little right up here on the details of the background the original estimate for the project was 25 million the town hired The architect and the instruction manager at risk making back with a number That the town manager thinks it's going to be pretty close to 27 million so it's really over about a million dollars over the original because the DOR has said that they would allow the Effective inflation to raise the original debt exclusion cap by about eight or nine hundred thousand dollars So at the time how I agreed with the town manager and deputy town manager that the non-example capital budget could handle that even even though at the time it wasn't in it and It turns out that we had a number of mechanisms to do that Secondly a piece of good news is that since that time the town has also learned that it's got a five hundred thousand dollar municipal grant to Undertake the reconstruction of the Mystic Street bridge over Milgram So that's the good news sort of the negative news if you will is that we had this in the capital plan in 2021-2022 Anticipated every spending chunks of cash at that time, but the total project cost is 1.6 million and We have to have matching funds town has to have matching funds ready in order to get the grant so we have to put a bond in the Capital plan for fiscal year 2019 for about 1.1 million it'll be a 20 or 30 year bond and To come up with the matching funds on a timely basis for the state the Dead service will probably be between 65 and and $80,000 so the That's the amount that we'll have to come up with per year for the last three years and a smaller amount For the first year of the bond because we only have to come up with half the interest cost the third piece of news is that this the Stratton project is coming in substantially on the budget and I I owe I should give credit to Sandy for these some of these spreadsheet charts here, but very simply that on under item number three the original project cost was 15 million 700,000 and you may remember from the October The October special town meeting we funded it from a variety of different sources Basically the project is coming in about a million and a half dollars under the forecast $500,000 of that has been borrowed and is sitting in a council place And then it is a million dollars that was voted as bond authorization, but has not been Borrowed yet. So what we're actually talking about here is is capacity for the non-exempt capital plan in some fashion or another And the exact fashion is the reason why we're not ready to make a You know precise recommended form. Well, but the the beneficial impact here The the If you take the If you look at the sources of money down below You can see that we have About a million 1.2 million dollars in Surplus the sources are listed there and permanent financing Then the town is Between a premium and direct borrowing got about 8.7 or 7 million that is exempt borrowing We we also voted at the time for capital carry forward of 1.6 or 2 million from other accounts that had left over funds And then finally this is the sale of the DAV building for $750,000 You just turn to the next page Now this is where it gets a little fuzzy because I Reasonous note came out lately. I was wondering if we can get an email today from live from Sandy on my council I guess we have or haven't I don't know We did I have had a couple of emails and a couple of conversations And I have one more question So anyway, what I want to one way to think about this is the The total project cost is the 14293 less the exempt portion Leave 5.5 or 6 million and if we were to reduce the Capital carry forward to 392,000 and there's some question there a couple of questions there as to whether we can Approach the payment scheme in this way or not then that would leave the 5.145 4 million and we've already got 4.4 million in non-exempt bands and bonds And that leaves the project bounce 750,000 which is covered by the sale And so we recover from this whole project about 1.2 5 million So what What we in principle propose is that the 1 billion dollars of the surplus of the recovery to be used to fund the Gibbs and 250,000 is used to fund the Mississippi Bridge debt service from fiscal year 2019 through 22 The exact mechanism and how we put that into words and get that voted by town meeting has yet to be determined And that's why we don't vote in front of tonight so compared to the capital presentation on Mark March 8th We we have three fundamental changes first the cost of the Gibbs It's gone up by a million dollars and and we're recommending that be born by the non-exempt capital budget Secondly, we want to accelerate the borrowing for the expenditures on the Mississippi Bridge in order to have funds for matching great matching grant requirement matching fund requirements for the state grant of five hundred thousand dollars and Finally we have The Stratton school project coming in under budget for some I would say probably reasons of good management by the permanent town building committee By an amount of approximately 1.5 million now you may be intellectually curious as to why we talk about a 1.5 million dollar project being under budget in the Recovered the possibility of savings is only 1.25 million and and that's because in the original proposal Town meeting we were anticipating on one million dollar Income for the sale of the DAB building and that came in at seven hundred fifty thousand. So we can't save money that you didn't capture the first place. That's the reason for that two hundred fifty thousand dollars. So In terms of the capital budget being within the five percent plan and being balanced this year and so forth I think we're in very good shape in that regard We have three or four methods of getting there. We're just waiting for some guidance from from bond council And the Once we have that we can put together the vote which will be substantially in the same form as prior votes that you've seen for capital projects except that We will be doing two things slightly differently this year one we will have Some language that has been recommended by the Treasurer's department with respect to the Municipal Modernization Act and how we handle Premiums and related issues and secondly we are going to be more explicit in including debt service for the enterprise debt service We've had them sort of bundled in a number recently But but nothing different than those those two items So to be happy to answer any questions, you know Sandy and Dean here, so I'm sure we can Answer all questions get all questions answered. Okay, so you've got three changes the stratum is producing 1.25 million dollar surplus To use a million dollars towards the Gibbs to eliminate that and 250,000 towards the Mystic Street Bridge, so that's the general parameters of what you're doing But the 250,000 is for that service Right, but it's that service on the yeah on the bridge. That's what we think we don't at least that's what I'm recommending Okay, that's what we're doing that or maybe Sandy or Dean has additional comments from their discussions today Okay, Chandy do you have anything you want to add I would just say it is complicated and So this is an outline, but it may change so don't put all your eggs in that basket I think the the details will change but the fundamentals are correct that Charlie has explained them that because we have Resources from some savings and other projects that are more expensive than were originally Anticipated we will be moving stuff stuff around, but at the end we'll be able to fund these projects and stay within our 5% Right, and I think it's important to realize that we we also had that we had the million dollars funded And by bringing this surplus into the capital budget for what we're actually doing is creating Downstream capacity for Because you're paying cash now as opposed to one exact we're paying we're paying using prior authorized one Questions so Paul and Bill Well, you know we have a five-year plan Okay, and in the the Mississippi region is in the five-year plan in fiscal year's Because of our interest in absorbing some premiums and things like that we had this as a cash expenditure that was going to be spread over a couple of years so now When the I don't I think maybe that these the near-term award of this grant was a Pleasant surprise for the town That money has is going to come in next year It's cute. It's not going to be able to be spent in fiscal. We already have authorized Million or two million dollars. I can't remember we authorized money for the planning of this Project in a prior capital budget and that work is underway So they can't actually do the work until fiscal year 2019 But we still have to put the project in the fiscal year 2019 to satisfy the practice of capital plan So it doesn't actually affect the vote since we don't vote on the town meeting the town meeting votes Because the town meeting doesn't vote on the plan. They only vote on the fiscal 18 budget Yes, yeah, we always do say that that you're not voting on the plan You're just voting on the budget, but you know there's sort of magic we tie together through debt service These are a deadline When you have to you spend the 500 thousand or you lose it There that's a deal with the state again gets a little complicated because usually they have a one-year rule But they also put out when they gave out the grant some indication about When you have to have your design in and so forth and the schedule they gave us for that Would make it impossible for you to spend it Within a year, so Mike Rademacher and I have had this conversation a couple of times He thinks that they'll give us two years to spend the money Okay, so it's not that we have to move along on Okay, Bill. I was gonna say this so in any case We have to spend money It's just a question that will be that service by doing it earlier rather than later And in return for that We receive a five hundred thousand dollar grant in the state. That's pretty good economics Pretty fair deal, I think I mean the total cost of the project after the Planning is estimated at one point six million dollars. So that's all 30% Okay, other questions About the From the bridge that $50,000 that from the capital surplus In principle in principle When one of This is part of the reason this complicated is because a million of the dollars has been a million of the 1.5 drop has not been borrowed and five hundred thousand dollars has been bought okay, but Let's assume that all the money was borrowed then we would have this pot of money sitting in the Account somewhere and What we would normally do is we put in what we call capital carry forward to come and then with the support of the treasure and the Comptroller we withdraw that on some schedule or it's sometimes in order to balance out But that's how we And so the what I'm saying here is that a use for that system since the debt service in 2021-22 is going to be somewhere depending upon interest rates and term somewhere between 60 and $80,000 You can take those three principal payments out of that 250,000 and have money left over to fund the interest The the reason I'm asking is it looks Me in the context of my prior life with state capital Because it looks like we're One part of capital money today Basically another Capital debt service with the state No, we are allowed to do that within certain constraints And I have to tell you that I'm not familiar with the constraints now is I used to be because they Municipal Modernization Act But it used to be if it was cash Take a nice year's tax You could and you held it over you could spend it on any any project and any either debt or However, if it was borrowed it used to be that If for example, it was a school building or a fire truck, right? You can only spend it on another truck or spend it on another school building or something like that they had typical Section 44 has all these Categories of debt and you have to spend within those categories that's there originally voted. I don't know what it's more liberal now I believe right it's it's squished a lot of the categories into one big category So you and you're basically now limited to looking at useful life and barring Reappropriating for something with a similar useful life Okay, I mean mainly it looks like we're essentially using Proceeds from one bond But that's more or less the case but it only gets done with a vote of town me It's not it's not because the finance committee says it right it has to be involved Which is why we don't know because we don't know how to write that crap down other questions now the 650,000 in the plan for fiscal year 2021-22 was that meant to be the full cost or was that a certain new grant? It was assuming that we get a grant and we're also assuming that that there was another year expenditure outside of that year Okay, other questions Now there's two ways we could handle this one of them Would be just an endorsement of the changes that That Charlie and Sandy want to make in the capital plan Yeah for you to go ahead and make the changes necessary within certain parameters that that you've spoken to us and When you get it all to bed send it in and we'll go to print The other way to do this is to come back next Wednesday When we have some of these maybe some of these questions answered night or might not And go through the process again so What would you want? Okay, Paul We have to do a final vote that we will make During one of the 730 meetings before time That's true. We could do a little report at town meeting is sort of the third option It's your budget. Do you have any feelings one way or the other? Well, we will have the final form of the budget Yeah, we should be probably next Tuesday would be my guess yeah or Wednesday. Well, we have the answers As Sandy said, I mean, I don't think the numbers are going to The end effect here is not going to be any different than what we just discussed So it's really a question of complying with IRS rules and Any other questions so So we got three options one is to vote to support the capital budget committee manager's office treasurer and controller in organizing this in the parameters that the chairman has said And approve it even though we know some of the details might change a little bit A second one is to come back next Wednesday a third one will be We'll report a town meeting In which case we could take a final Blessing audit maybe the first night of town meeting and Go from there Everything in philosophy is I think we agree on but it would be nice to see the actual format numbers one more time Before it goes to town meetings. So that may be something we could just rubber-stamp Meeting before the town meeting having discussed it tonight Well, I think you know considering all the changes that have happened if you want to you know do a rule report at this time and then You know we could take a final vote on the numbers the first Monday of town meeting and go from there You know, that's fine Carolyn and Paul Well, I was going to move the one that the most will get the most likely no votes And then we can move on to the other two. So I would like to move that we accept It as is And that you all will take care of it behind the scenes anyone second And I'm gonna abstain on the vote so because I don't know what I'm talking about but the rest of you can decide Motion is made to accept the changes as recommended by the chairman of the capital budget committee Understanding that there could be some minor modifications as they get towards final printing. So that's been made in the second discussion Okay, all those in favor of that motion. Please say aye post Okay, all those in favor, please raise your hand opposed one two Okay, so go forth Ten yes to no one abstain, okay now Capital revisions Just to let you know the timing on the finance committee report The selectman went out. I think to print today Not to print to mail all of the various reports and redevelopment board and such and I talked to the select ones office on Monday. There was just no way We were going to get things ready for them on this afternoon So I told them to just go ahead and send it out last year Was the first time since I've been chairman that we actually sent the finance committee report out with the select ones report I guess that would be the high point Yeah, that's true So we're going to probably Alan and I and Sandy are still wrapping up the little numbers But we're pretty close We needed to do a couple votes tonight and then So we'll probably go to print Monday or Tuesday or Tuesday or Wednesday Actually, one of the big problems is set Friday's a holiday and Monday's a holiday So that's why the select one wanted to get it out and 75 of the people don't want a hard copy anyway, so 75 town meaning members don't want a hard copy so actually was we should talk about that that could that could save some money So that's what we're hoping to get done Yeah, it'll well Alan will be available on the website and through the town meeting list But hard copy will be available at the first night of town meeting which is how we've done it for like 20 years, so Because we never get to our budgets for a couple weeks Parking, okay, so Oh It's been a lot of back-and-forth and discussion on the parking article 39, so What I tried to do talking and listening was put together a motion For your consideration, and that's that was handed out titled article 39 and What I basically did was try to keep it simple and that is My understanding from talking with Sandy is that all of the violation money and the permit money goes into the general fund This is the meter money so that 425,000 up top is the meter money for the new street meters plus the two meters in the two parking lots the Managers recommending the offset to parking for a budget 13 45,000 offset to parking enforcement police of 56,000 and then the parking meter operations of 172 479 projected expenditures so This vote would basically have town meeting approved those expenditures and That leaves an available balance of the 150 For a future town meeting And then hopefully read the comment I Talked with the town council. I talked with town moderator There's no articles that we could do this with at this in this warrant so If if the finance committee goes this way I Supports the general concept. We look to put a bylaw or other mechanism At the next town meeting which will probably be in November That will spell out the process So this goes through the town meeting process and gets approved just like the budgets Just like the revolving funds just like the enterprise funds and just like the warrant articles So it's all transparent. So That was my shot at it. I'd like to put it before you and open the meeting for Discussion, okay, Peter Okay, motion's been made Okay, second all discussion fall Vertical 26 passes and a parking district will be set up Doesn't that mean that all the money goes into the parking district no matter what we do on article 39 My understanding correct me if I'm wrong Sandy is these monies don't go to the parking district these monies go into the parking Fund that was created at the Special town meeting last October It would only go into the parking district first of all we got a created district Well, which will not be in effect until sometime next September because remember it's got to go through Attorney general and The manager has promised that you know, no monies will be expended For the parking district until town meeting approves it and that would be the purpose next fall of creating the process Whereby town meeting approves The offsets the operations and if it so chooses money for the district is created Assuming 26 passes and goes through gets approved by attorney general as soon as the parking district is created Don't the parking revenues go into the parking district The parking just to be clear the parking revenues now Go into the parking fund that was established at town meeting last October once the parking district is created then Yes, I think what will happen is that we can say that the parking district can make use of the funds in That parking fund to carry out operations of the parking district They will have access the district and basically pixie will have access to make recommendations for how to use those funds so The money will always going forward go into the parking fund And that was what the vote was last fall and so even if the parking district is set up That stays that will stay going forward. It will go into the parking fund and it's the Parking district then will be spending money from the fun Okay, but the town manager has promised that no money would be spent. Yes. No, that's right But just to answer the very technical question. I'm nodding to that Can we even approve these expenditures If the money were to go to the parking district instead of the parking fund We wouldn't even be able to approve these expenditures, but since you're saying the money will still go to the parking fund Then yes, we can approve these okay, but they're Discussion, so yeah, the The proposed bylaw by some future town meeting but essentially memorialized agreement by the town manager not to spend Those funds correct. Yeah, that's fine. That's the intensive books Recommend approval of the language because it to some extent it delays the obligation of the hundred fifty thousand dollars Not that I have lack of confidence in the careful studies went over the forecasting, but I'm not sure that There isn't some room for motion in the projected revenues and expenses Gonna be some slop and psychology changes and people park on streets without meters and whatever We're not really sure what those numbers are gonna be so to give us a year's experience before we start So I mean right now With the with the statutes the money goes into the fund and then just gets spent without appropriation You know town meeting has no say and I think town finance committee has always taken the position that town meeting should approve You know all all expenditures or at least as many expenditures as we can so again, that's the purpose Okay, other Other discussion questions Peter. I have a question about the select and establishing the district without the a detailed Descriptions similar to the diagram that you were How do they go about doing that the statute is Great about that. It doesn't lay out a procedure. However, I believe from talking to Adam and Planning staff of people from pixie who have been involved in this that that's exactly what the second will do is Once they if article 26 passes and gives them the authority to establish a district then they will set one out and Memorialize it in a map like this Street to that street another street You know that that I don't know because we're I know in my experience in other communities where They've laid out parking they've authorized parking in language Meters the parking rules are such and such for this road and that road and so forth. I Frankly don't know well enough. However, I did has done that in the past, but whether it's language or a map I think They could do it either way and sure if you had a view on what would be clearer to the public They would listen This isn't directly related but looking down the road a little bit What what would we anticipate happening if meters go up in capital square in our like the heights out? different districts and different so I tried to address that and I don't know if you had a chance to read the memo that I wrote but And I think Laura Wiener is on her way, but What she's told me is that Each part of the town is unique One of the things about Arlington Center is we have big parking lots there So, you know the whole point of the meters is not raising revenue the whole point of the meters is regulating Parking so that you want to encourage people to park some places and not others or if they're doing it for long periods of time So we charge lower rates for parking in the lots and higher rates for parking on the streets And we can do that in Arlington Center because there are lots in East Arlington there are no lots the big problem there is that some people are parking There to commute and go to ill life and so forth and What they tell me is their discussions about parking in that part of town has been if you were to put meters on Mass Ave It would effectively drive people into the residential streets. And so, you know, that is not that's going in the wrong direction So I don't think that they are looking toward putting meters there It's a similar situation in the Heights in that there is one very small municipal lot that's right next to the Sunrise assisted living facility there, but it's I think probably most people don't even know that there's a lot there But it's again, it's the same thing if you were to put meters in the Heights You would then drive people out of the business trip to the residential neighbors Residential between say park out Which is that all goes to the issue that what they tell me is in all their discussions about how to regulate parking Putting meters in either of those parts of town is not an effective solution I guess from what Pete said again, I It'll be interesting to see how the actuals match the projections that That might I think it's way beyond the issue of a parking. I mean, that's a that's a huge conversation That and there are multiple ways to try to deal with infringement on residential parking Sure, so so I went to the last meeting of the committee I was sitting there and The one thing I said what Cindy said I could repeat what the next one for planning department said she was really Well thought out rationale behind things More everything she said actually But one other thing she said because the question came up about adding meters into the Heights or adding meters in Which she pointed out almost immediately was the decision to put meters in Arlington Center was it was a conclusion based after a long period of studying and research and Things like that and she she said it was a multi-year process by the planning department And then they haven't even started looking at At either East Arlington or the height for any expansion So I might sort of take from her reaction to that I'm not even gonna brought it up was um You know they go through a professional process to reach a conclusion and did into even entertain the thought of it without any Research or analysis is just sort of reckless speculation on their part that it would work or not and so I think Their thoughts at least in the planning department where they have a process and they need to go through the process it would take One two or three years to come to a conclusion based on the The information that they have or the analysis that they do so I think it's easier for us Did you sort of say hey, what about going here? What about going here? But for them? I thought they were very she was very cautious and say well. We haven't done any work. We couldn't Opine on that at this point Any other questions or discussion David? I just want to mention going back to Peter's question I don't think most people realize that we have a town bylaw book And we also have that puts from the board of select when the traffic rules and orders Book now. I haven't seen one in a long time, but it's um and any Any parking signs drop sign parking district loadings on it's all supposed to be in that book It's under different sections. So I'm sure when when they developed this parking district. It's got to be in that I say book it could be as big as this now. I don't know But it comes on Under the board select me because they have a parking commissioners. So there is a book called the traffic rules and orders of the town Everything that every sign you say has to be listed in that in that book No, no turn on red your traffic signals. You name it change the traffic in that book So I'm sure the district with the new parking district would be in that book as well Okay, any other discussion or questions Okay, motion has been made and accept seconded to Support the voted motion under article 39 all those in favor, please say aye. I opposed Okay, unanimous, okay That's done, okay, so the final amount We by the way when we got the local aid from the houseways and means committee we did get a nudge up We thought we were going to get a bigger nudge up until you took a look at assessments And then we got a nudge down. So but we are getting a little bit more money so I think the committee of from prior discussions Would like to perhaps go first of all how much money is the surplus Allen for nine one Okay, four nine one seven nine three Christine how In order if I remember correctly the last time you looked at it You were like we were at seventy three percent of the past ten years You were going to update the ten years to include this year and so how much do we need to get to? 75% how much do we need to get to eighty percent? Eight hundred eighty six dollars, okay I'm sorry to attend your average the ten-year average is one million four hundred and twenty five thousand eight eighty six So seventy five percent of that is one million sixty nine four one four We would have to add One twenty three four one four to the two thousand eighteen budget request to get to seventy five percent I'm sorry. Could you repeat that? We'd have to the budget request right now for two thousand eighteen is nine forty six nine hundred forty six thousand to Get to the seventy five percent Mark we would have to add a hundred twenty three thousand four hundred fourteen to that Hundred twenty three thousand four oh four four one four four one four how about you get to a eighty percent You would need one ninety four seven oh eight one nine four seven oh eight Okay, so if we add a hundred twenty three thousand four fourteen To the current budget, which has already been voted We will be at seventy five percent of the ten-year average if we had a hundred ninety four thousand seven oh eight We will be at eighty percent of the ten-year average. What is the wish of the thing come? I move eighty percent Okay, motion has been made and seconded to add one hundred ninety four thousand seven hundred eight dollars to the Snow and ice budget to bring it up with eighty percent of ten-year average Discussion all those in favor, please say aye. Aye opposed Okay favorable action You're unanimous One nine four seven oh eight Maybe so nice And the balance if we could have a motion the balance into the override stabilization fund Okay, well, I Think going forward in future years Eighty percent sounds like a good number to maintain going forward We don't want to we don't want to spend percent because that sort of takes away money from Good uses in years when it doesn't snow that much If the finance committee agrees I think Christine has her marching orders and The manager's office Okay, so I have a motion to put it's already been made and seconded to put the balance of the funds whatever it is about 300,000 into the override stabilization fund Any further discussion? All those in favor, please say aye. Aye opposed Peter or Alan. Do we have any other we missed anything? Okay I'm sorry, nobody's made a motion to do that with the select and handle Okay, well Which five-year Does that Well, I'm looking at the March 17th, and that was 368,000 so this is about 300 not thousand and change And if Ellen and I find any little odds and ends will dump it in there, too, so it's it's in the range Part of that we took a chunk of that put it into snow and ice Okay, is there any other business before the meeting Okay, meeting adjourned Okay, our next meeting is the Monday Do we do they don't do those a state of the at seven o'clock anymore do they During the town meeting. Okay, so the next meeting is is April 24th at 730 in the Lions room at the town hall dick That's up to the finance committee the select one have a motion they recommended favorable action You're in transfer Well, I think we just We did the transfers Here did we vote the transfers Yes Right we will have our half-hour meetings before each town meeting and we will have a meeting sometime in early to mid-June to do reserve fund transfers and reorganization and Maybe a little after that we'll have worry about our dinner any other business Okay meeting adjourned. Thank you all for your work