Hatfield Approves $4.35 Million Bond for Infrastructure and Fire Equipment
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Meeting Type:
City Council
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Meeting Date:
05/07/2024
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Recording Published:
05/07/2024
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Duration:
73 Minutes
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State:
Massachusetts
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County:
Hampshire County
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Towns:
Hatfield
- Meeting Overview:
In a recent session, Hatfield Select Board approved the issuance of a new bond anticipation note totaling $4,350,000, earmarked for important town projects including wastewater treatment plant upgrades and the acquisition of a fire department mini pump.
The approval of the bond anticipation notes was a focal point of the meeting. The board voted to approve the issuance of the note, which includes $4 million for the wastewater treatment upgrade project and $350,000 for the purchase of a fire department mini pump. This note, set to expire on May 16th, will be renewed for an additional five months and two weeks.
The town’s financial health was under scrutiny as the accountant reported that the anticipated estimated local receipts had been met and that real estate collections were in good shape, with state aid and personal property collections also on target. However, there were a few outstanding receipts that required clarification, and a snow and ice deficit was identified, which had been addressed within the budget. The fiscal year 2023 audit was mentioned as still being in draft form, with the accountant reassuring that efforts would be made to complete future audits earlier.
In addition to the bond anticipation notes, the meeting covered a range of financial and operational topics. The interim Treasurer Collector provided an informative update on the office’s achievements, including the completion of the tax rate recapitulation worksheet and the statement of indebtedness. A significant accomplishment was the reduction of potential tax title liens from 25 to 4. The treasurer also resolved a longstanding issue involving six years of stale-dated and uncashed tax checks.
The board tackled the matter of a local establishment’s violation of the Wicker license, deciding to hold a hearing on the issue. This matter was part of the broader discussion on the town’s adherence to legal and financial standards, including the completion of required reports and ensuring the town remained caught up with state requirements.
The budgeting process was another subject of discussion, with the board reviewing the completion of various budgets for the treasurer’s office, employee and retiree insurance, Medicare, retirement, and the water, sewer, and stormwater departments.
During the meeting, the board also engaged in a dialogue about the town’s bond rating, exploring the potential impact of reconciling discrepancies on the rating. This was related to the broader topic of financial stewardship, which included a discussion with Standard and Poor’s regarding the town’s bond rating and a hopeful outlook for maintaining a stable financial stance.
Operational updates included the progress of a construction project on Five and Ten and a balcony project, as well as the Pavilion project. The board addressed stormwater management issues, including potential fines for improper discharge into the wastewater system. In personnel matters, the board acknowledged the resignation of a former employee, the hiring of a new one, and approved a personnel form for a returning employee.
Community engagement and regional collaboration were also on the agenda. The board approved the town’s participation in a regional flood resilience project with the Pioneer Valley Planning Commission.
The meeting concluded with updates on local events and initiatives, such as the Northeast Christmas tree farm’s decision to remain family-operated and the upcoming Farm Bike Tour fundraiser, before the motion to adjourn.
Marlene Michonski
City Council Officials:
Diana M. Szynal, Edmund Jaworski, Greg Gagnon
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Meeting Type:
City Council
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Meeting Date:
05/07/2024
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Recording Published:
05/07/2024
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Duration:
73 Minutes
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Notability Score:
Routine
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State:
Massachusetts
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County:
Hampshire County
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Towns:
Hatfield
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