Infrastructure Investment Fund, June 27, 2014
Holden Infrastructure Investment Fund Minutes
Board of Trustees Meeting June 27, 2014 Starbard Bld.
Attending: Chairwoman, Deborah McDonnell
Town Manager Jacquie Kelley
Discussion occurred with Town Manager about the future role of the IIF.
It was agreed by all that the Fund should continue to contribute
to capital projects important to the town infrastructure, most notably the need
for a new DPW building and renovations to town municipal offices as identified in the Town Master Plan.
It was also agreed that in order for the IIF to continue to function effectively as a
mechanism for smoothing out the tax payers burdens and to be viewed as a stabilizing factor by the bond rating agencies, it is of paramount importance that the town continue to fund the IIF at a level whereby it has the funds to make meaningful contributions to future projects.
The Trustees decided to discontinue the concept of a subfund and to report this in the annual TownReport.
Deborah McDonnell, Chairwoman IIF Board of Trustees.