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Finance Committee approves $97,900 reserve fund transfer for library elevator repair
Summary
The Town of Bedford Finance Committee unanimously approved a reserve fund transfer of up to $97,900 to cover an unanticipated piston failure in the library elevator after a motion by Mark Bailey and second by Allen Jimerson.
The Town of Bedford Finance Committee approved a reserve fund transfer of up to $97,900 on Jan. 8 to pay for an unanticipated piston failure in the library elevator. The request was made by Ron Scaltreto, Director of Facilities for the Town of Bedford.
The transfer was put forward in a motion by Finance Committee member Mark Bailey and seconded by Allen Jimerson. The committee recorded a roll-call vote with Karen Dunn, Mark Bailey, Allen Jimerson, Tom Rowan, George Lee, Vincent Xu and Phil Prince all voting aye; the motion passed unanimously.
Committee materials for the request included a reserve fund transfer form and backup materials from the elevator provider (listed in the meeting materials as "Embree Elevator Back Up Materials"). The motion authorized using the reserve fund to cover the unanticipated repair expense; the committee did not record any amendments or conditions to the transfer at the meeting.
The meeting minutes list Ron Scaltreto as the requester of the transfer; the Finance Committee took the vote during regular business and recorded the outcome in its minutes. The committee also approved other routine business at the same meeting, and adjourned at 7:59 PM.
