Committee Report - Finance - 9-22-14 — File 197725

September 22, 2014 Finance Committee Page 1 of 2 Printed 9/23/2014 REPORT OF THE FINANCE COMMITTEE Attendee Name Title Status Arrived Tony Lafuente Chair Absent Maryann M. Heuston Vice Chair Present Katjana Ballantyne Ward Seven Alderman Absent John M. Connolly Alderman At Large Present William A. White Jr. Alderman At Large Present Matthew McLaughlin Ward One Alderman Absent 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 Present Others present: Tony Pierantozzi, Omar Boukili 197414 - Requesting an appropriation and authorization to borrow $2,000,000 in a bond for a feasibility study and schematic design for the renovation and/or construction of the High School.: Mr. Pierantozzi spoke about this request for a $2 million bond for the feasibility study and schematic design for Somerville High School. The members discussed the makeup of the School Building Committee, the MSBA reimbursement policy, what the $2 million would actually be spent on and who would have oversight, contingencies for possible over-run costs, the extent of the Board of Aldermen’s role in the process - including initial and subsequent appropriation approvals and allowing the BOA President to appoint a representative to sit on the School Building Committee. Mr. Pierantozzi submitted a request for the high school to accommodate 1800 students. Using a ten year history of enrollment, the MSBA only approved 1590, at 85% capacity, which is a lower enrollment per square footage. The current enrollment is 1242, including the vocational part of the school. Mr. Pierantozzi will provide the MSBA one more year of data to consider for the request of the 1800 enrollment school size. The time line for the school is about 5-7 years and Mr. Pierantozzi suggested that regular reports from the School Building Committee be provided to keep the BOA informed of the process.

Committee of the Whole September 22, 2014 Finance Committee Page 2 of 2 Printed 9/23/2014 RESULT: APPROVED