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HOLDEN FINANCE COMMITTEE
WATER/SEWER BUDGET MEETING MINUTES
MARCH 4, 2009
SENIOR CENTER
Members Present: Al Berg, Paul Challenger, Peter Lacy, Rick Bates, Glenn Gaudette, Don Mancini, Marilynn Foley
Members Absent: Jim Dunn, Maria Dell'Ovo
Also Present: Brian Bullock, Town Manager, Lori Rose, Town Accountant, Jim Shuris, DPW Director, Rich DeWitt, DPW, Selectmen: Joe Sullivan, Jim Jumonville, Ken O'Brien
The meeting was called to order at 7:05.
Al introduced and welcomed new Finance Committee member, Don Mancini.
Jim discussed the Water/Sewer budget and Enterprise Fund with the Committee and answered questions. The Committee would like monthly updates on Water/Sewer revenues and expenses.
Jim informed the Committee about the federal stimulus package. The money would come from the SRF. Holden would like to take advantage of this program as we have W/S projects identified by CDM as a high priortiy to be done. (Mason Road Wellfield, Highland Street Tank, Chapin Tank, Morgan Circle Booster Station, Chapin Booster Station, Brattle Street Interconnection, Mayflower Circle Water Main) The eligible cost from the SRF would be $2,500,000.00. The application is due to the State on March 13, 2009. The project has to be shovel ready by August 1, 2009. The Finance Committee, BOS and Manager will plan to meet the week of March 8 probably Monday or Wednesday to vote on the use of the Drinking Water SRF.
The Committee also discussed the W/S depreciation fund - replicating the fund and legitimate amounts of dollars in and out of the fund.
The meeting adjourned at 8:58.
Respectfully Submitted,
Marilynn Foley, Secretary
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