Meeting Agenda and Minutes

Name: Board of Finance Public Meeting Agenda
Start: 2018-10-04T00:00+00:00
End: 2018-10-04T03:59+00:00
Location: Town Hall- Room 201/201A

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Board of Finance Public Meeting Agenda

Date: 10/03/2018 8:00 PM 10/03/2018 8:00 PM 10/03/2018
Location: Town Hall- Room 201/201A
Connecticut

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WESTPORT CONNECTICUT
BOARD OF FINANCE

NOTICE OF PUBLIC MEETING

The Board of Finance will hold its Public Meeting on Wednesday, October 3, 2018 at 8:00 p.m. in Room 201/201A of Town Hall for the following purposes:

AGENDA

1. To approve the Board of Finance Minutes of the September 5, 2018 Regular Meeting and the September 13, 2018 Special Meeting.

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

3. Status Update from the Audit Manager. (Discussion Only)

4. Upon the request of the Superintendent of Schools, to approve the deposit of insurance claim proceeds in the amount of $562,367.29 for mold remediation and reconstruction services at Coleytown Middle School to be deposited to the Board of Education Carry Over Account.

5. Upon the request of the Superintendent of Schools, to authorize the expenditure of $400,000.00, from the Board of Education Carryover Account to cover the cost of additional mold remediation incurred at Coleytown Middle School so as to meet the conditions necessitated by the terms of the Memorandum of Agreement dated August 31, 2015, between the Board of Education and the Board of Finance creating the Carryover Account.

6. Upon the request of the Director of Parks and Recreation, to approve an appropriation of $840,000.00 along with bond and note authorization to the Municipal Improvement Fund Account 30508810-500150 to replace the current porta-johns with permanent restrooms containing three (3) ADA compliant restrooms and a storage room near Compo’s South Beach.

7. Upon the request of the Director of Public Works, to approve an appropriation of $62,000.00 along with bond and note authorization to the Municipal Improvement Fund Account #30503310-500153 for the design expenses for replacement of the Cavalry Road Bridge over the West Branch of the Aspetuck River. This bridge is eligible for reimbursement of 80% of expenses under the Federal Local Bridge Program.

8. Upon the request of the Director of Public Works, to approve an appropriation of $426,000.00 along with bond and note authorization to the Municipal Improvement Fund Account #30503310-500154 for the design expenses for replacement of the Bayberry Lane Bridge over the Aspetuck River. This bridge is eligible for reimbursement of 80% of expenses under the Federal Local Bridge Program.

9. Upon the request of the Director of Public Works, to approve an appropriation of $876,000.00 along with bond and note authorization to the Municipal Improvement Fund Account #30503310-500148 for Heating and HVAC Upgrades within the Police Department facility.

10. Upon the request of the Director of Public Works, to approve an appropriation of $725,000.00 along with bond and note authorization to the Municipal Improvement Fund Account #30503310-500155 for the purchase of two (2) 100% Electric Class 6 trucks through the Volkswagen Settlement grant which will reimburse $471,250.00 upon completion of the project.

11. Upon the request of the Director of Public Works, to approve an appropriation of $1,077,250.00 along with bond and note authorization to the Municipal Improvement Fund Account #30503310-500156 for the buyout of the Eversource-owned street lights to be replaced with Town-owned LED streetlights. The electric rate for LED’s combined with lower electricity consumption creates an approximate payback period of five years.

12. Upon the request of the Director of Public Works, to approve an appropriation of $328,000.00 along with bond and note authorization to the Municipal Improvement Fund Account #30503310-500157 for the burial of the remaining overhead communication utilities at the intersection of Main Street, Avery Place, and Parker Harding Road at Gorham Island.

Note: The practice for upcoming BOF regular meetings will be to close the meetings at 10:00 PM. Motions to extend individual meetings can be heard.

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