Canton, Massachusetts · Saved source text
FINCOM MINUTES 05-11-2015 Mtg Handouts
Saved text from 11 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 1
Town of Cant n
Finance C inamittee Meeting — Monday, May 11, 2015
List of Meeting Handouts
Please note: These meeting handouts may also be found on the Town's website under the Posted
Minutes section (Laser Fiche).
Amended Agenda (1 page).
Agreement — Regarding the Development and Use of the Neponset Street Site, dated May 8, 2015(3
pages).
Summary of Revenues and Expenditures, dated May 6, 2015, provided by Jim Murgia, Finance Director
(1 page).
Article 2 Motion 2 — Non-Residents List — Amended Motion, provided by Alan Hines, dated May 11,
2015 (2 pages).
Article 4—Consent Agenda — Amended Motion including Articles 8, 10, 13, 16, 23, 24, 27, 28, 36, 39
and 41 (1 page).
Article 15 — Insurance Proceeds — New Motion 2 - $49,536.93 (1 page).
Article 18 — Additional Appropriation to Supplement Chapter 90 Roads Program — Amended Motion
- $295,000 (1 page).
FII\ICOM Minutes 5/11/15 Page 3 of 3 5/12/15
Printed on 5/13/15Source page 2
Amended - Agenda
Town of Canton — Finance Committee
Monday, May 11, 2015 at 6:00 p.m.
Finance Committee Table at Town Meeting
Rob Barker
Right Front of Morse Auditorium — High School
900 Washington Street, Canton, MA
Sepp Bergschneider
Minutes: Primary/Alternate - Jim Casamento / Jerry Dorfman Jim Casamento
(times are approximate)
Jerry Dorfman
6:00 p.m. Call Meeting to order
Nichola Gallagher
New Business:
6:00 p.m. Article 2 Motion 2 — Non-residents Dianne Gustafson
Add Tom Gecewicz (Former Board of Health)
Add James Berish, owner of 955 Turnpike Street (Article 33) Stephanie Leach
Article 18 — Local Funding Match — Chapter 90 Roads — Amended Motion Tim McKenna
Adding $45,000 of additional State Aid for an Amended Motion of $295,000
Jim Murgia, Finance Director Barbara Saint Andre
Article 4 — Amend "Consent Agenda" That the following articles be Jim Sims
disposed of by a single vote, in accordance with the Finance Committee
motions as printed in the report of the Finance Committee: Articles 8, 10,
Diane Wolff
13, 16, 23, 24, 27, 28, 36, 39 and 41.
Article 15— Insurance Proceeds — New Motion 2 Vacancy
Reimbursement for Ladder Truck Insurance Claims — $49,536.93
FY15 Annual Base and CY14 Gross Salary Report
Discussion to include on Finance Committee website
Minutes to be approved: March 30, 2015
April 2, 2015
April 8,2015
April 27, 2015
Public Announcements/Public Comment
Adjourn
Agenda
Town of Canton — Finance Committee
Wednesday, May 13, 2015 at 6:30 p.m.
Canton High School Cafeteria
900 Washington Street, Canton, MA
Minutes: Primary/Alternate - Jerry Dorfman / Nichola Gallagher
(times are approximate)
6:30 p.m. Call Meeting to order
New Business: Annual Town Meeting Articles/FY16 Budget
Minutes to be approved if not approved at meeting on May 11:
May 11,2015
March 30, 2015
April 2, 2015
April 8,2015
April 27, 2015
Public Announcements/Public Comment
Adjourn
If a topic becomes known prior to 48 hours before the scheduled meeting, the Committee will update this posting. The Committee
may also discuss a topic or topics not reasonably anticipated by the Chair or the Committee 48 hours before the meeting.
Agendas Subject to Change
FINCOM Agenda 0511201 and 051320155.doc(Amended on 5/11/15)Source page 3
AGREEMENT
Regarding the Development and Use
of the Neponset Street Site
Notwithstanding any provision in that certain First Amended and Restated Development
Agreement between Canton Holdings, LLC (the "Developer") and the Town of Canton (the
"Town") and the exhibits thereto (collectively, the "Development Agreement") to the contrary,
the Developer and the Town hereby agree as follows. Capitalized terms used but not defined
herein shall have the meanings ascribed thereto in the Development Agreement,
Subject to the adoption by Town Meeting and approval by the Attorney General of the
Rezoning Amendment and provided the Developer proceeds with the Project pursuant to a
Special Permit issued pursuant to the Rezoning Amendment, the Developer agrees not to
develop or use the Neponset Street Site for daycare, kindergarten, pre-school or school
purposes (collectively, a "School Use") pursuant to the Development Agreement, but in lieu
thereof Developer shall have the right to develop and use a portion of the Main Site for a
School Use; provided, however, the School Use shall not (a) be located on the Community Land
, (b) be located on the Community Open Space if the CPC Article is adopted by Town Meeting
and the Town acquires said land pursuant to the Development Agreement, or (c) adversely
modify or affect the location, development, remediation or phasing of or for the Community
Property or any of the improvements thereto pursuant to the Development Agreement or the
construction of the Moderate Income Units on the Main Site pursuant to Section 2,8 of the
Development Agreement.
This Agreement may be executed in multiple counterparts.
Executed and agreed to by the Developer and the Board as of the 8th day of May, 2015.
END OF AGREEMENT, SIGNATURE PAGE FOLLOWS,
1Source page 4
Canton Holdings, LLC Town of Canton
By its Board of Selectmen
ki)
/41,4 ,
B xdfe: By
Richard Brandstatter, Duly Authorized
Victor Del Vecchio, Chairman,
2Source page 5
Ratified and confirmed as of the 11th day of May, 2015.
Canton Holdings, LLC Town of Canton
By its Board of Selectmen
By ilekNefiVaddaZ
Victor Del Vecchio
Richard Brandstatter, Duly Authorized
John Connolly
Robert Burr
Mark Porter
Kevin FeeneySource page 6
SUMMARY OF REVENUES AND EXPENDITURES
FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
ACTUAL BUDGET RECOMMENDED ESTIMATE ESTIMATE
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 61,389,516 63,173,500 66,219,139 68,742,124 70,615,401
STATE AID 8,166,757 7,599,730 7,865,547 7,865,547 7,865,547
LOCAL RECEIPTS 6,982,273 5,834,907 5,907,405 5,913,040 5,918,816
TRANSFERS FROM OTHER FUNDS 3,004,822 2,270,348 2,257,119 2,383,510 2,423,003
TAX TITLE / FORECLOSURE REVENUE 782,539 0 0
TOTAL REVENUES 80,325,907 78,878,485 82,249,210 84,904,220 86,822,767
GENERAL FUND EXPENDITURES:
SCHOOL PRIOR YEAR BUDGET 33,320,505 34,548,305 36,259,994 37,723,034
SCHOOL STEPS & LANES 450,518 501,474 501,474 501,474
SCHOOL COLA'S 549,233 559,541 559,541 559,541
SCHOOL BUDGET ADJUSTMENT NEEDED TO BALANCE 228,049 650,674 402,025 (199,219)
SCHOOL EXPENSES 33,395,505 34,548,305 36,259,994 37,723,034 38,584,830
MUNICIPAL PRIOR YEAR BUDGET 16,674,371 17,274,371 18,101,726 18,832,105
MUNICIPAL STEP/LONGEVITY INCREASES 111,899 133,026 133,026 133,026
MUNICIPAL COLA'S 226,206 252,040 252,040 252,040
MUNICIPAL BUDGET ADJUSTMENT NEEDED TO BALANCE 261,895 442,289 345,313 45,160
MUNICIPAL EXPENSES 16,918,738 17,274,371 18,101,726 18,832,105 19,262,331
FIXED COSTS 24,674,243 25,158,277 25,890,514 26,173,306 26,675,436
TOTAL OPERATING EXPENSES 74,988,486 76,980,953 80,252,234 82,728,445 84,522,597
SCHOOL CASH CAPITAL 441,880 750,000 550,000 600,000 650,000
MUNICIPAL CASH CAPITAL 1,380,037 1,000,000 845,000 600,000 650,000
CASH CAPITAL EXPENDITURES 1,821,917 1,750,000 1,395,000 1,200,000 1,300,000
TRANSFERS TO STABILIZATION FUNDS 485,000 0 0
SPECIAL APPROPRIATIONS 70,000 0 155,000
STATE & COUNTY CHARGES 959,868 948,532 951,976 975,775 1,000,170
TOTAL EXPENDITURES 78,325,271 79,679,485 82,754,210 84,904,220 86,822,767
OPERATING SURPLUS/(DEFICIT) - GENERAL FUND 2,000,636 (801,000) (505,000)
ATMDATA.xlsx summary 5/6/2015Source page 7
Murgia, James R.
From: alan.hines@us.pwc.com
Sent: Monday, May 11, 2015 10:32 AM
To: Barbara Saint Andre; Dianne Gustafson; Murgia, James R.
Subject: Fw: two amended motions for ATM prepared by the BOS
Attachments: amended motion Article 2 motion 2 - ,cloc; Amended Motion for ARticle 7, Motion
2.doc
C
_ --------
H.i..There is an amendment to Art 2, M2...see attached...
L Fincom voted this amendment.. .1 Know you will not be making the other change, but want to know if fincom will be
making A2. M2 as their amendment
Alan Hines
PwC I Managing Director
Office: 617-530-7190 I Fax: 813-639-3628
Email: alan.hinesus.pwc.com
PricewaterhouseCoopers LLP
125 High St. Boston, MA 02110
http://www.pwc.com/us RECENED
Forwarded by Alan Hines/US/ABAS/PwC on 05/11/2015 10:28 AM MAY 1 1 2015
TOWN OF CANTON
From. "Carlton, Christina" <ccarltontown.canton.ma.us>
To. Alan Hines/US/ABAS/PwC@Americas-US
FINANCE DIRECTOR
Cc: Victor Delvecchio <victor.d.delvecchiocimail.com>, "Friel, William T." <bfrieltown.canton.ma.us>
Date: 05/11/2015 10:23 AM
Subject: FW: two amended motions for ATM prepared by the BOS
Alan,
I had emailed the two Amended Motions on 5/6/15. Sorry if you did not receive them.
Thank you-Tina
From: Carlton, Christina
Sent: Wednesday, May 06, 2015 2:33 PM
To: Alan Hines (alan.hines©us.pwc.com); Murgia, James R.; Friel, William T.; Kenney, Tracy; Jutras, Louis
Cc: Butters, Kathy; Bright, Jennifer; Levitsky, Judith
Subject: two amended motions for ATM prepared by the BOS
Louis, for projection at ATM please.
Thank you.
The information transmitted, including any attachments, is intended only for the person or entity to which it is
addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination
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1Source page 8
AMENDED MOTION FOR A TICLE 2, MOTION 2 Move to insert "and in the May 11 STM" in first paragraph after "Meeting" and to insert the following in the list: Tom Geeewiez, (Formerly Board of Health) James Berish, owner of 955 Turnpike Street (article 33)
Source page 9
ANNUAL TOWN MEETING MAY 11, 2015
AMENDED MOTION
ARTICLE 4
ACT ON "CONSENT AGENDA"
Article 4 To see if the town will vote to dispose of certain articles in this warrant by a single vote,
in accordance with a so-called, consent agenda, or to take any other action related thereto.
Board of Selectmen
MOVED: That the following articles be disposed of by a single vote, in accordance with
the Finance Committee motions as printed in the report of the Finance Committee: Articles 8,
10, 13, 16, 23, 24, 27, 28, 36, 39 and 41.
FINCOM
Article Description Motion VOTE Reason
Postpone
8 Unpaid Bills of Prior Year 10-0-0 There are none.
Indefinitely
Transfer Unexpended Prior
10 Adopt this article 10-0-0 Non-controversial.
Year Appropriations
Accept Laws Enacted by the Postpone
13 11-0-0 There are none.
General Court Indefinitely
Rescind Unused Borrowing
16 Adopt this article 8-0-0 Non-controversial.
Authorizations
Amend Zoning By-Law - Postpone
23 10-0-0 Included in STM.
Add Priority Revit. Area C Indefinitely
Amend Zoning Map -CEOD Postpone
24 10-0-0 Included in STM.
Revitalization Area C Indefinitely
Amend Zoning By-Law - Postpone Supported by
27 10-0-0
Hotel Overlay District Indefinitely Proponent.
Amend Zoning Map - Postpone Supported by
28 10-0-0
Hotel Overlay District Indefinitely Proponent.
36 Amend Additional 43D
Adopt this article 10-0-0 Non-controversial.
Priority Development Sites
Title Change for Human Non-controversial.
39 Adopt this article 11-0-0
Resource Administrator
Consolidate Department of
41 Public Works & Property Adopt this article 11-0-0 Non-controversial.
MaintenanceSource page 10
ANNUAL TOWN MEETING MAY 11, 2015
NEW MOTION
ARTICLE 15
INSURANCE PROCEEDS
Article 15 To see whether the Town will vote to appropriate all sums over $20,000 recovered
under the terms of any insurance policy and any other insurance proceeds paid to the Town in
connection with any losses suffered by the Town, or to take any other action related thereto.
Board of Selectmen
Motion #2
MOVED: That the sum of Forty Nine Thousand Five
Hundred Thirty Six Dollars Ninety Three Cents ($49,536.93) be
appropriated to be spent by the Fire Chief with the approval of
the Board of Selectmen in connection with losses suffered by
the Town from an incident with Ladder 1 and to meet this
appropriation the sum of Forty Nine Thousand Five Hundred
Thirty Six Dollars Ninety Three Cents ($49,536.93) be
transferred from Fund 173.Source page 11
ANNUAL TOWN MEETING MAY 11, 2015
AMENDED MOTION
ARTICLE 18
ADDITIONAL LOCAL APPROPRIATION TO SUPPLEMENT THE COMMONWEALTH'S CHAPTER 90
ROADS PROGRAM
Article 18 To see if the town will vote to raise and appropriate, transfer from available funds or borrow
pursuant to any applicable statute, a sum of money in an amount not to exceed $850,000 to be spent by
the Board of Selectmen acting as the Board of Public Works to supplement the amount received from the
Chapter 90 Roads Program with improvements done in accordance with improvement specifications as
determined by and subject to, the approval of the Department of Public Works and consistent with
locations identified in the Town's Pavement Management System, or to take any other action related
thereto.
Board of Selectmen
MOVED: That Two Hundred Ninety Five Thousand
Dollars ($295,000) be appropriated to be spent by the Board of
Selectmen acting as the Board of Public Works to supplement
the amount received from the Chapter 90 Roads Program with
improvements done in accordance with improvement
specifications as determined by and subject to, the approval of
the Department of Public Works and consistent with locations
identified in the Town's Pavement Management System and to
meet said appropriation Two Hundred Fifty Thousand Dollars
($250,000) be transferred from Free Cash in the Treasury of
the Town and Forty Five Thousand Dollars ($45,000) be funded
from general revenues.