Minutes of a Regular Meeting of the
Present at the meeting were Board Members Bill Friedman, Bill Baldwin, Al Frioni, Richard Ballon, and Nate Tetlow; Executive Director Sahar, Facilities Manager Quealy, and Solicitor DeLuca.
1) Chairman Friedman called the meeting to order
at
2) Roll call was taken and the above listed Board Members were present.
3)
The minutes of the
4) Mr. Friedman asked if there were any citizen’s comments. There were none.
5) Discussion Items
The Board noted a letter that had been received from Joe Ravita, President of the Washington Road Business and Professional Association (BPA), concerning possible changes to the Authority’s validation system. Mr. Tetlow stated that he had met with Mame Bradley concerning the Authority’s recent response to Municipal Manager Steve Feller concerning a list of issues of BPA issues. Mr. Tetlow suggested to Ms. Bradley the BPA initially pick a single issue, in this case the validation system, and present it to the Authority Board for consideration. Mr. Tetlow felt this letter was in response to that meeting. The Board discussed how the current system operates, what a tiered system would entail, and what where the perceived problems with the current system. The Board felt that Mr. Tetlow and Mr. Sahar should meet with representatives of the BPA in order to focus on the validation system so that the BPA could advance a plan to the Authority on proposed changes.
Mr. Sahar noted that a draft 2008 Operating Budget had been sent to the Board. The Board would be asked to receive the budget at the June meeting. That draft budget projects the Authority reaching a net income necessary to meet the 110% debt service ratio during fiscal 2008. The budget also includes a 3% increase in wages in order to give the employees their first increase in three years.
Mr. Sahar updated the Board on the progress to date the Custodial Credit Risk Policy / Investment Policy and the Policies and Procedures Manual.
The Board also discussed the North Garage pigeon problem. Mr. Quealy and Mr. Sahar indicated an estimate was received from a pest control company for $50,000 to address the problem. Mr. Quealy and Mr. Sahar indicated to the Board they would make an internal review of the situation and report back to the Board.
Mr. Sahar
reported that a developer had met with Municipal staff concerning the
construction of a hotel in
The meeting was
adjourned at
Respectfully submitted,
Richard D. Sahar
Executive Director