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Council clears routine licenses, contracts and appointments; public raises questions about investments and housing bond

Narragansett Town Council · October 21, 2024
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Summary

Narragansett approved multiple routine items including an agent-authorizing resolution, an electricity supply contract, bed-and-breakfast and victualer licenses, a HMGP task order, reappointments, and schedule changes; public commenters raised concerns about investment vendor identity and the cost of a proposed housing bond.

At its Oct. 21 meeting the Narragansett Town Council approved a slate of routine motions and votes including: adoption of a resolution authorizing the town manager and finance director to act as agents for the town; ratification of a multi-year electricity contract with NGA Resources LLC; approval of a bed-and-breakfast license for Shepherd's Cottage; victualer licenses for Jersey Mike's Subs and Johnny D's Sauce; a task order with GZA for Hazard Mitigation Grant Program application services not to exceed $39,519; reappointment of David E. Osterhout to the towers committee; appointment of Michael Oakes to the Tax Assessment Board of Review; and calendar scheduling and cancellation of the Nov. 4 meeting prior to the election.

Public comment touched on several items. Catherine Silberto questioned the agent authorization motion and asked who "Computerserve Investment Services" is and whether a single official should be empowered to sign investment documents. Silberto also criticized a $3 million housing bond on the ballot, saying the town would pay about $387,000 per year in fees at a 4.75% coupon and about $6,387,000 over 10 years, and suggested using cash reserves instead of borrowing. Richard Vancomer urged recognition of upcoming historical commemorations, and Susan Amoruso promoted a library costume parade.

All council motions described above were recorded as passing by the council, typically by unanimous voice vote.