Infrastructure Committee Meeting

April 12, 2012

The Infrastructure Committee met on April 12, 2012 at 162 W. Riverglen Drive. Members present were Council members Briggs Hamor (Chair) and Eric MacGilvray, and resident members Marc Benevento and Jacalyn Slemmer. Bill Charles, Street Commissioner and Chris Bedell, resident member were not present. The meeting was called to order at 7:40 pm. MacGilvray was designated as secretary for the meeting.

The minutes from the previous meeting on March 8 were not read because all members had received a copy. They were unanimously approved, and Hamor asked Benevento to forward them to the Clerk-Treasurer.

The Committee welcomed Jacalyn Slemmer as a member and thanked her for volunteering.

The Committee reviewed the capital project spreadsheet prepared by Hamor based on information provided by Bill Charles. The Committee agreed that the first question to be answered is how long the Village can continue to cover engineering and construction costs out of the operating budget, and how soon it will be necessary to secure other sources of funding.

The Committee divided into three sub-groups to explore the various funding options. MacGilvray and Slemmer will look into OPWC grants and loans, and will meet with a representative from MORPC to get advice about the timing of the application and strategies for improving the chances of success. Hamor will look into municipal bonds in consultation with the Village Solicitor, and Bedell and Benevento will look into other loan possibilities.

The Committee agreed to invite Pam Colwell, Clerk-Treasurer, to the next meeting to discuss the budget situation in the Village.

The next meeting will be held at 7:30 pm on May 3rd at 162 W. Riverglen Drive.

The meeting was adjourned at 8:30 pm.