HomeMy WebLinkAboutLight Comm Minutes 2/6/1995Board of Light Commissioners
Minutes of Meeting
February 6, 1995
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PRESENT: Chairman Penney, Commissioners Ronald and Royle.
Commissioners Robinson and Pasquale were absent.
Meeting called to order at 7:10 pm
MOTION: To approve minutes of January 9, 1995
Royle /Ronald
Vote 3 -0
The Manager reported oil his recent trip to Washington and discussed the possible
restructuring of the tax free bonds. Currently there is a limitation on how this money can
be used and several individuals are lobbying to have these restrictions removed.
The Manager advised the Board that he had investigated several options for a
Conservation Program and it was his opinion that the best approach was a 40% off
Energy Savings Product Sale. The Manager advised the Board that he estimated this
program would cost the Electric Department $6,000 to $9,000 dollars. The Manager
suggested that the program be implemented a few weeks prior to the Town Meeting in
April. The Board suggested that the program be offered for a two month period, with no
quantity limitations.
MOTION: To amend the 1995 Electric Department Budget to absorb the cost of
implementing an Energy Conservation Program.
Royle /Ronald Vote 3 - 0
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The Manager advised the Board that he had no problem with transferring this money to
the Town but he wanted to advise the Board that the Electric Department currently pays
more than 3 times the Industrial Tax Rate to the Town as Payment in lieu of taxes. The
Manager warned that the Town is offsetting taxes at the expense of the rate payers.
A lengthy discussion followed and the Board agreed that they did not want to make a
habit of transferring funds from the Electric Department to the Town..
MOTION: To support the transfer of Electric Department funds in the amount of
$150,000 dollars to the Capital hnprovement Program for fiscal 1996, for
distribution to be determined by the Capital Improvement Committee.
Royle /Ronald
M s
Vote 3 - 0
The Board requested that the Business Manager provide them with monthly figures.
MOTION: To adjourn at 8:30 pm
Ronald/Royle Vote 3 - 0
Clerk's signature & date