Committee Report - Finance - 7-7-15 — File 199597

Finance Committee Page 1 of 4 Printed 7/9/2015 July 7, 2015 REPORT OF THE FINANCE COMMITTEE Attendee Name Title Status Arrived Tony Lafuente Chair Present Maryann M. Heuston Vice Chair Absent Katjana Ballantyne Ward Seven Alderman Present John M. Connolly Alderman At Large Present William A. White Jr. Alderman At Large Present Matthew McLaughlin Ward One Alderman Present Robert J. McWatters Ward Three Alderman Present Mark Niedergang Ward Five Alderman Present Rebekah L. Gewirtz Ward Six Alderman Absent Dennis M. Sullivan Alderman At Large Present Mary Jo Rossetti Alderman at Large Absent Others present: Ron Bonney - DPW, Ed O'Donnell - OSPCD, Peter Forcellese, Jr. - Treasurer, Eileen McGettigan - OSPCD, Mike Glavin - OSPCD, Brad Rosen - OSPCD 1. Approval of the June 8, 2015 Minutes RESULT: ACCEPTED 2. Approval of the June 9, 2015 Minutes RESULT: ACCEPTED 3. Approval of the June 10, 2015 Minutes RESULT: ACCEPTED 4. Approval of the June 15, 2015 Minutes RESULT: ACCEPTED

Finance Committee Page 2 of 4 Printed 7/9/2015 5. Approval of the June 16, 2015 Minutes RESULT: ACCEPTED 6. Approval of the June 18, 2015 Minutes RESULT: ACCEPTED 7. Approval of the June 22, 2015 Minutes RESULT: ACCEPTED 197852: Requesting an Order of Taking of real estate property at 515 Somerville Avenue to provide for the relocation of the Fire Department from its current facility in Union Square. Mr. O’Donnell stated that this is the only site that works for the Fire Department. The appraised value of the property is $5,110,000 and Mr. O’Donnell said that he would have an estimate of other indirect costs soon. Chairman Lafuente questioned the accuracy of the appraisal and said that he wants attention paid to the Lowell Street fire station, Union Square and the Innerbelt. Alderman Connolly expressed concern over the Fire Department’s needs, given the proposed development going on in the city. Alderman White questioned the selling of the Engine 3 location to the master developer and spoke about problems with eminent domain and Assembly Square. Alderman Niedergang would like some alternatives to choose from along with an overall plan of the city’s needs. Members discussed the need for a fire station in Union Square. Chairman Lafuente said that Federal Realty should give land to the city for a fire station. Alderman Connolly’s motion that the Executive Director of the Office of Strategic Planning and Community Development provide the Finance Committee with the figures on indirect and acquisition costs related to the proposed taking of the property located at 515 Somerville Avenue, was approved. Alderman White’s motion that Mr. O’Donnell’s memorandum regarding 515 Somerville Avenue be transferred to the Finance Committee, was approved. RESULT: KEPT IN COMMITTEE 197902: Requesting authorization to borrow $4,875,000 in a bond, and appropriate the same amount for the acquisition of property to relocate the Fire Department from Union Square to 515 Somerville Avenue. See 197852

Finance Committee Page 3 of 4 Printed 7/9/2015 RESULT: KEPT IN COMMITTEE 199433: Requesting an appropriation and authorization to borrow $250,000 in a bond for two Hybrid DPW Refuse Trucks. Mr. Bonney discussed the state of disrepair of the current vehicles and the reason for this request. RESULT: APPROVED 199436: Requesting approval to pay prior fiscal year invoices in the Dept. of Public Works totalling $5,544.29. RESULT: APPROVED 199464: Requesting the creation of the MillBrook Stabilization Fund and acceptance of a mitigation payment to the Fund of $47,770 from Berkeley Investments Inc., for sidewalk improvements. RESULT: APPROVED 199527: Requesting an appropriation and authorization to borrow $550,000 in a bond for betterments and improvements to the East Broadway streetscape. Mr. Rosen discussed the project and Mr. Glavin spoke about the benefits of asthetic enhancements. Members questioned the costs, Alderman White requested detailed information on the lighting and Chairman Lafuente asked for renderings. Mr. Rosen will report back with both hard and soft costs. RESULT: KEPT IN COMMITTEE 199528: Requesting the approval of an appropriation of $5,824.15 from the Capital Equipment Stabilization Fund to purchase new seating for the public's use in the Aldermanic Chambers. RESULT: APPROVED 199530: Requesting the acceptance of a grant of $2,500 from the Eastern Bank Charitable Foundation for the Arts Council's Mystic Mural and Art in the Garden programs. RESULT: APPROVED 199559: Requesting the creation of the Elmwood Stabilization Fund and acceptance of a mitigation payment to the Fund of $12,500 from GFC Development Inc., for crosswalk installation.

Finance Committee Page 4 of 4 Printed 7/9/2015 RESULT: APPROVED