CIP SUBCOMMITTEE MEETING MINUTES
October 16, 2003
ROLL CALL: Lee Maloney, Chairperson, Planning Board Member – Present
Nancy Prendergast, Vice Chairperson, Planning
Board Member – Present
Suzanne Jortberg, Secretary, Citizen Member –
Present
Marcia Unger, School Board Member – Present
Bev Donovan,
Alternate School Board – Present
Roger Hohenberger, Selectmen – Present
Galen Stearns, Alternate Selectmen – Present
Jack Merchant, Citizen Member – Present
Julie Morgan, Citizen Member – Present
Ms.
Maloney called the meeting to order at
7:00 PM in the Planning and Development Room.
MINUTES: Motion by Ms. Unger, seconded by Mr. Merchant, to approve the
minutes of the CIP meeting held on
October 2, 2003, as written. Motion was
unanimously approved.
OLD BUSINESS: Ms. Unger requested that the subcommittee assign a
class code to the School
District’s two school facilities bond requests discussed at the last
meeting. The high school facilities bond request was given a
classification of 3, and the elementary school facilities bond request was
classified as a code 4. Ms. Maloney stated that the Searles Bond
obligation and offsetting revenue figures were off by one year, per Dana
Call, and gave the corrected data for the CIP spreadsheet. Mr.
Hohenberger reported Mr. Sullivan stated that because of limited state
funds the Lowell Road Bike Path project would not likely begin before
2007. Ms. Maloney stated that the tax valuation figures are still not
available, maybe next week.
NEW BUSINESS: The subcommittee continued with its discussion of the
School District’s high school
and elementary facilities needs requests. Ms. Unger began by discussing
the school bond schedules she reran at 20, 25, and 30 years duration
beginning in 2007 for the high school needs and 20 years duration for the
elementary school needs beginning in 2010. The 30-year figure was used
for the high school and plugged into the CIP spreadsheet accordingly. Ms.
Unger reported that Exeter’s $46 million bond, which begins in June, 2004,
was mortgaged over 20 years at a rate of 3.71%. She could not ascertain
Nashua’s bond data. Next, Ms. Unger read excerpts from the current Pelham
approved CIP plan. The plan allocated approx. $1 million for high school
land purchase, rated urgent, and spread over 3 years. The cooperative
high school issue was reported as waiting for approval by town vote before
being put into the CIP. The plan reported a cooperative high school cost
of $60 million as an estimate. There was a question as to what number of
years the state aid was paid on. Ms. Unger said it was paid on a flat
rate based on the principal, and presumably, based on the number of years
the funds are bonded, but she will confirm. The subcommittee continued
with the placement of additional requests into the CIP spreadsheet through
Class Code 4.33. Ms. Maloney will check with the Library regarding the
status of their needs assessment report. Another meeting was scheduled
for next Tuesday, October 21, to finalize the CIP spreadsheet. A
tentative meeting on October 29th has been scheduled for the
subcommittee’s presentation to the Planning Board.
The
meeting was adjourned at 8:05
PM. Motion to adjourn by Ms. Unger, seconded by Mr. Hohenberger.
These minutes are in draft form and have not been approved by the CIP
Subcommittee. Respectfully submitted, Suzanne Jortberg 10/20/03
