WESTPORT CONNECTICUT
BOARD OF FINANCE

NOTICE OF SPECIAL MEETING

Download Board Packet for this meeting [PDF]

The Board of Finance will meet on Wednesday, May 4, 2016 at 7:00 p.m. in room 201/201A of Town Hall. The Board will vote to go into executive session to discuss a lease of real estate.

The Board of Finance will meet on Wednesday, May 4, 2016 at 8:00 p.m. in room 201/201A of Town Hall for the following purposes:

AGENDA


1. Upon the request of the First Selectman to approve an appropriation request to implement an Energy Savings Initiative at a total project cost not to exceed $8,350,000.  The net amount to be financed will be approximately $6,820,000 after incentives through either a capital lease or bond and note authorization.  The project will be conducted utilizing an Energy Savings Performance Contract (ESPC) with NORESCO, LLC an energy services company, which will implement a recommended package of selected Energy Conservation Measures (ECM’s) for Town and School buildings. The total project cost will include funding for legal services and an Owner’s Representative Engineering Firm, AKF. The project is projected to save the Town $14,216,000 in energy related savings over the next 15 years.


2. Upon the request of the Police Chief, to approve an appropriation of $1,503,249 along with bond and note authorization in the amount of $1,500,000 to the Railroad Parking Lot Paving account #30502210-500290 for the redesign and reconstruction of Parking Lot #1 of the Saugatuck Railroad Station. 


3. Financial Report from the Finance Director. (Discussion Only)


4. To approve the Board of Finance Minutes of the April 6, 2016, regular meeting.


5. Discussion of latest events in Hartford.