HomeMy WebLinkAboutMinutes - CBC - 07/09/2014 -+,
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Minutes—Capital Budget Committee Wednesday July 9, 2014
Basement Meeting Room --Cohasset Town Hall ` '~
Present Jack Keniley OCT 2 0 2014
Sam Wakeman a_�r.�.a._T
TC VV# CF` GG" ,.a.`ti.iS T
Brian Host
Absent Peter DeCaprio, Scott Henry
Meeting called to order at 7:01pm by Chairman Keniley
1. Approval of Minutes 6/16/2014 (3-0)
2. Update on IT Rollout
Fob Bonnell unable to attend. Will reschedule for the first meeting in the Fall.
3. Review of Debt Service
Mary Gallagher unable to attend. Will review and the next CBC meeting. Chris to provide a
cash flow statement and estimates of P&I so that we can see the impact of capital
expenditures on the income statement and cash flow.
4. Town Hall Construction Update (Chris Senior, Brian Joyce)
David Farrag unable to attend. Chris Senior and Brian Joyce stated that the preconstruction
preparation is on schedule. Contractors have done coring and have completed the survey.
Town Hall Planning Committee will be reconstituted shortly.
5. Status of Ongoing Capital Projects (Brian Joyce)
• Mary unavailable to provide outstanding capital project list because of vacation plans.
• Brian gave a quick update on the major projects:
o Dredging Contract to be issued this week. Project should start in October 2014.
o James Brook—Gate still causing problems. Brian had to reinstall old gate in order
to prevent the meadow from flooding. Also, rip rap is rusting out and new walls
need to be adjusted. Brian to update later.
o Treats Pond—Survey complete. Citizen's meeting complete. Working on
easements.
o Bound Brook—The grant has been applied for. Evaluation team coming next
week.
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o Parking Study— It is done. Will need to fund the improvements in next cycle.
6. Budget Calendar for 2016 Budget Cycle
Committee will review a draft calendar for the next budget cycle at next CBC meeting. Brian
and Chris to do the first pass. Must include time to evaluate capital items for STM.
Meeting adjourned at 8:35pm