2015.03.16_FAB_Minutes_Regular TOWN OF HIGHLAND BEACH
MINUTES OF THE
FINANCIAL ADVISORY BOARD
REGULAR MEETING
Monday, March 16, 2015 9:OOAM
Members Present: Chair Gerald Gitner, Board Member David Buchsbaum, Member
Bruce Giacoma, and Board Member Edward B. Kornfeld. Member Absent: Board
Member Alexe Dragos. Also Attending: Finance Director Cale Curtis, Acting Town
Clerk Valerie Oakes, Mayor Bernard Featherman, Commissioner Rhoda Zelniker,
Commissioner Louis Stern, Commissioner Carl Feldman, and members of the public.
CALL TO ORDER
Chair Gitner called the Regular Meeting to order at 9:00 AM in the Town Commission
Chambers. Roll call was taken by Acting Town Clerk Oakes.
ADDITIONS, DELETIONS OR ACCEPTANCE OF AGENDA
Chair Gitner called for any additions, deletions to the agenda, hearing none, the agenda
was accepted as presented.
PUBLIC COMMENTS AND REQUESTS:
There were no public comments.
PRESENTATIONS:
No presentations.
APPROVAL OF MINUTES:
• December 19, 2014 — Regular Meeting
Chair Gitner called for a motion to approve the December 19, 2014 Regular Meeting
minutes, as presented.
MOTION: Member Giacoma moved to approve the minutes of December 19, 2014
Regular Meeting as presented. Member Kornfeld seconded the motion, which passed
unanimously.
Financial Advisory Board Regular Meeting
Monday, March 16, 2015 Page 3 of 4
NEW BUSINESS:
A) Review of the Capital Improvement Plan.
Fin. Dir. Curtis — We have provided a five year Capital Improvement Plan. Smart
metering at a cost of $8,000 will read the water meters weekly and drastically cut
down large water bills due to leaks.
Chair Gitner — If the early leak detection system doesn't work, whose responsibility
is it? Fin. Dir. Curtis — The financial responsibility for leaks on the customer side of
the meter will remain with the customer as per Town Code.
Fin. Dir. Curtis - The water infrastructure improvement projects (WIIP) were
approved by the Town's voters at the March referendum. The next step in the
process is to hire professional engineers /consultants to design and manage the
projects.
Member Giacoma — What are the terms on the State Financing? Fin. Dir. Curtis —
The terms are 20 years and under 2 %.
Member Kornfeld — What is the timeframe? Fin. Dir. Curtis — We are in the early
stages of discussion. Public Works Dir. Ed Soper will be responsible for the
coordination of the project.
Fin. Dir. Curtis — The 5 -year CIP includes a streetscape plan to redesign and improve
the Town's walk path and overall aesthetics of the north and south entryways to
Highland Beach on Al A.
Member Kornfeld — Where are we with regard to the fire truck? Fin. Dir. Curtis —
We are still in contract negotiations with the City of Delray Beach.
Chair Gitner — The monthly report should include a summary of the Capital
Improvement Plan and be organized by fund and department such as: Library,
water, police, other.
ADJOURNMENT:
There being no further business, Chair Gitner called for a motion to adjourn the meeting
at 9:46 AM.
MOTION: Member Giacoma moved to adjourn the meeting at 9:46 AM. Member
Buchsbaum seconded the motion, which passed unanimously.
Financial Advisory Board Regular Meeting
Monday, March 16, 2015 Page 4 of 4
APPROVED:
Gerald Gitner, Chair
Absent
Dragos Alexe, Board Member
TOWN SEAL David Buchsbaum, Board Member
` r Bruce Gi o a, Board Me r
Valerie Oakes, CMC
Town Clerk
Date: Edward B. Kornf , Board Member