FinCom-20240820T103914

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Canton Finance Committee Open Session Minutes Voted on: 1126/22 
801 Washington Street Vote: 8-0-0 
Canton, MA 02021 
Meeting Minutes — Open Session 
October 27, 2021 
Finance Committee Members Present: Dave Clough, Dan Cole, Tom Emery, Karen Foley, Emilio Mauro, Tim 
McKenna, Reuki Schutt and Cindy Thomas. 
Finance Committee Members Absent: All members were present for the meeting. 
Guests Present: 
Ellen Jones, Finance Committee Recording Secretary 
Randy Scollins, Finance Director 
Call Meeting to Order: Chair McKenna called the meeting to order at 7:01 p.m. and reviewed the agenda and 
stated that the Finance Committee would be going into Executive Session later in the evening to discuss Article 2 of 
the Special Town Meeting regarding the potential acquisition of the Saint Gerard's property. The Finance Committee 
would first discuss Article 3, an appropriation for the Metropolis Rink Reconstruction Project, in Open Session. 
Article 3 — Special Town Meeting (STM) — Appropriation for the Metropolis Rink Reconstruction Project 
Mr. Mauro read aloud his draft of the Finance Committee's Discussion for Article 3. 
Mr. Cole questioned if the Zamboni was part of the original budget. Mr. Scollins confirmed that it was and that the 
pool project was funded with $5.9 million through a debt exclusion. The voters went to the ballot to fund the project 
with a debt exclusion of $5.9 million resulting in increased taxes to local tax payers. This vote would take bond 
proceeds from surplus funds in the Bolivar Pool Capital Project Fund and move them to a project not in debt 
exclusion. Over the life of the bond there would be an amortization schedule with a $204,000 reduction over the 
remaining life of the bond. The Recording Secretary was directed to insert in the STM document the vote for the 
Finance Committee's Discussion. Mr. Clough stated that the Finance Committee has never voted their Discussions 
in the past, so there was no need to vote the discussion. 
Liaison List 
Ms. Schutt informed the Committee that she would have to step down as the Finance Committee's liaison to the 
Board of Health and as alternate liaison to the Capital Planning Committee due to her daughter serving on the Board 
of Health and her son-in-law serving on the Capital Planning Committee. 
Motion to Move into Executive Session 
At 7:21 p.m. a motion made by Ms. Schutt to enter into executive session to discuss strategy with respect to 
consider the purchase, exchange, lease or value of real estate, (1860 Washington Street) if the Chair declares 
that an open meeting may have a detrimental effect on the negotiating position of the public body was 
seconded by Ms. Thomas. 
Roll Call Vote: 
Mr. Emery Aye Ms. Schutt Aye 
Ms. Foley Aye Mr. Cole Aye 
Mr. Clough Aye Ms. Thomas Aye 
Mr. Mauro Aye Mr. McKenna Aye 
FINCOM 20211027 Minutes —Open Session with EM Edits.docx Page 1 of 3 1/17/22