BUDGET OVERVIEW COMMITTEE

October 13, 2011

Town Hall Lower Level Lounge

Officers:Bill DrakeChairmanDistrict 5(Delegate) Steve Warzoha Vice Chairman District 9 (Delegate)

Rosa Fini, M.D.SecretaryDistrict 8 (Delegate)

Members:George F. ChelwickDistrict 1 absent

Don ConwayDistrict 2absent

Murray ParolyDistrict 3absent

James BonneyDistrict 4

Bill DrakeDistrict 5

Barbara Ruud NucciDistrict 6absent

Tim HarknessDistrict 7absent

Steve GrossDistrict 8

Steve WarzohaDistrict 9 absent

Bert MetterDistrict 10

Rosa FiniDistrict 11absent

Anthony D’AscoliDistrict 12absent

Alternates: -- --District 1(Alternate)

Jill OberlanderDistrict 2(Alternate)

Robert AllenDistrict 3(Alternate)

Brian O’ConnorDistrict 4(Alternate)

Timothy D. OberwegerDistrict 5(Alternate) absent

Jackie HammockDistrict 6(Alternate) absent

William W. Galvin, IIIDistrict 7(Alternate)

Christine EdwardsDistrict 8 (Alternate)

-- --District 9(Alternate)

Louisa StoneDistrict 10(Alternate)

Michael WacekDistrict 11(Alternate)

-- --District 12(Alternate)

Erik Norrgard, RTM member, represented District 6. Leslie Tarkington, John Dolan and Valerie Stauffer were guests.

  1. The September 8,2011 minutes were unanimously approved.
  2. Consideration and approval of analysis and report on Project Renew

Bill Drake made a preliminary brief presentation of the written document concerning Project Renew, which had been previously distributed to the Committee. The primary topics were the economics of the project which are adverse, due to negative cash flow and substantial use of capital which is scarce.

A long discussion ensued, with general participation. Mr. Dolan indicated that although a capital amount is identified, over-runs are frequent, so the actual amount may be greater. Mr. Galvin inquired as to the intended use of the analysis document. Mr. Drake indicated that if adopted by the BOC, it would be communicated to the Finance Committee and the full RTM, in keeping with the analytic mission of the BOC. Mr. Galvin indicated that its usefulness would be enhanced only if the document made quite clear up front that no proposition was being made to close the Witherell. Mr. Wacek indicated that the document should make clear the intent is to cause all the interested parties to develop for consideration alternative approaches to the financing of Project Renew. Mr. Wacek also suggested eliminating the examples following Greenwich Hospital in the Executive Summary.

After discussion, a motion was made and seconded

  • To authorize Mr. Galvin, Mr. Wacek and Mr. Drake to modify the analysis document only as necessary to reflect the suggestions of Mr. Galvin and Mr. Wacek above, and
  • To adopt the document with these limited modifications as a report from the Committee

The votes were: In favor, 5: Allen, Drake, Norrgard, Galvin, Wacek

Against, 2: Metter, Bonney

Abstaining 2: Gross, Oberlander

O’Connor, Edwards and Stone did not vote since their delegates were present and voting. The motion carried.

  1. Consideration of preparing a Budget Overview Report to the RTM

The Committee considered and discussed the suggestion that the Committee prepare a Budget Overview Report to the RTM, as presented in a document by Mr. Metter, which had been previously provided to the Committee. Discussions ensued and certain persons volunteered to assist Mr. Metter, who agreed to lead this initiative. There was general assent to the suggestion as presented. A formal vote was not deemed necessary at this time.

No other topics being suggested, upon a motion made, seconded and approved, the meeting concluded at 9.15 pm.

Minutes submitted by Bill Drake, approved by Budget Overview Committee 12-1-11