Reading Finance Committee Reviews School and Senior Center Projects Amid Funding Concerns
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Meeting Type:
Financial Oversight Board
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Meeting Date:
10/30/2024
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Recording Published:
10/30/2024
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Duration:
151 Minutes
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State:
Massachusetts
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County:
Middlesex County
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Towns:
Reading
- Meeting Overview:
The Reading Finance Committee’s recent meeting was dominated by discussions on two significant infrastructure projects: the Kellum School building initiative and the Reading Center for Active Living (ReCAL) project. The committee addressed concerns about design, funding, and community engagement for both projects, with particular focus on potential financial implications and the involvement of the Massachusetts School Building Authority (MSBA).
Carla Nyro, chair of the Kellum School building committee, provided an extensive update on the school’s design and funding strategy. The proposed design maintains the existing structure while adding a new building, to be constructed adjacent to the current facility. This will allow for a seamless transition of students before the demolition of the old building. A schematic plan featuring a “doughnut shape” layout for classrooms was highlighted for its practicality and cost-effectiveness, designed to maximize natural light and aesthetic appeal. Nyro emphasized the committee’s responsiveness to community feedback, which has influenced decisions on landscaping and building design, including plans to add recreational features like a U12 soccer field.
Financial discussions were crucial, particularly with the MSBA’s reimbursement policy that currently covers approximately 51% of eligible costs, amounting to around $38.5 million. However, Nyro warned of the financial challenges the town would face if a vote on the project failed, potentially leaving the committee without support from the MSBA. Questions about HVAC options were raised, with the committee considering a costly geothermal solution due to space constraints. The anticipated total project cost is approximately $135 million, with an expected reimbursement of around $40 million from the MSBA.
Attention then shifted to the Reading Center for Active Living (ReCAL) project, intended to serve the town’s 60-plus community. The Permanent Building Committee, which now oversees the project, is considering the Simon’s Way site for its development. Soil testing results are pending to ensure the site’s safety for future residents. The committee underscored the need for community engagement, planning to host sessions in early 2025 to gather resident input. The estimated duration for the schematic design phase is 60 to 90 days, aimed at refining cost estimates and project details.
There was debate over the scale and cost of the proposed senior center compared to similar facilities in nearby towns like Wilmington and North Andover. Concerns were raised about the potential for community rejection due to the combined financial burden of the senior center and new school projects, which could total around $135 million. A phased construction approach was discussed, but potential cost increases associated with such a strategy were noted. The discussion also highlighted the inadequacies of the current Pleasant Street Center, emphasizing its limited space and lack of privacy, which necessitates a new facility.
The meeting further covered the need to revote on two town meeting articles. Specifically, amending Article Four was urgent due to a procedural oversight concerning $130,000 allocated for a fire truck, which had reverted to free cash. The committee moved to approve the amended article to secure the necessary funding for the truck, which is nearing delivery.
Discussions on budget timeline and reserve funds concluded the meeting. The Finance Committee will not reconvene until late February, after the School Committee reviews its budget. Concerns were raised about managing reserve funds, particularly the stabilization fund, and the potential scheduling of a special election alongside the spring Town Meeting. The committee considered setting a target balance for free cash certification as a percentage of the general fund budget.
Matt Kraunelis
Financial Oversight Board Officials:
Edward Ross, Joseph Carnahan, Geoffrey Coram, Endri Kume, Joseph McDonagh, Marianne McLaughlin-Downing, Emily Sisson, John Sullivan, Mark Zarrow, Sharon Angstrom (Chief Financial Officer / Town Accountant), Jacquelyn LaVerde (Executive Assistant)
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Meeting Type:
Financial Oversight Board
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Committee:
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Meeting Date:
10/30/2024
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Recording Published:
10/30/2024
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Duration:
151 Minutes
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Notability Score:
Routine
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State:
Massachusetts
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County:
Middlesex County
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Towns:
Reading
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