APPRO-2025-44 : An Appropriation from Free Cash (01-324001) in the amount of $32,816 to Pine Banks (#652).

Transcript (~13 min @ 1:03:05)

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▶ 1:02:59 Mark Garipay: Yes. That will be, yep. I'm sorry. Okay, sorry. Passed. That'll be recommended for pastors. Thank you. Enjoy your night. Thank you Counselors. Have a Nice day. If I could also just, um, take another item out of, out of order. 1 2 7 3 6. Mr. Hank Keys has been with us patiently. Uh, could I someone give Mr.

▶ 1:03:17 Robb Stewart: Chair, I'll make a motion to take, uh, ID number 1 2 7 3 6 outta order

▶ 1:03:21 Mark Garipay: We have a motion to take id. 1 2 7 3 6 outta order and appropriation from PREC zero one dash 3 2 4 0 0 1 in the amount of 32,000 8 16 2 Pine Banks number 6 52. Um, do a second by Council Romanul, uh, on discussion. All in favor?

▶ 1:03:41 Mark Garipay: Aye. Aye. Opposed? That order is in front of us. We have Mr. Hank keys there in front of us from Pine Banks. Just a little item. There was, uh, I don't know if there was a memo, but there is gonna be an amendment to this, um, to this dollar amount. Um, when it was originally done, it was, it was doubled up. Maldens gonna be paying half of it, so we'll do that at the end, but I will pass the, uh, The Floor over to Mr. Keer. Uh, just to explain, Um, What the purchase is. Um, I think it's, everything's been in your packet. Um, I believe it's a snowplow or some sort of snow.

▶ 1:04:15 Speaker 11: Okay. Am I correct in thinking that I'm out of order but I'm not in trouble,

▶ 1:04:19 Speaker 2: Correct? Not yet. Alright,

▶ 1:04:26 Speaker 11: So did everyone get one of these?

▶ 1:04:28 Speaker 2: Yeah. Yeah. Okay.

▶ 1:04:34 Speaker 11: Um, the problem with Pine banks and has been since the beginning is you think about how much it costs to buy something. And the question is, well, is that per city or is that for the total? Then you're talking about increases and is that per city or just go around in circles. So what we try to do is on page five of this Book Is set up a common method of looking at this, um, which breaks out the prior year expense, the proposed budget, the flattened dollar increase, the percentage, increase the amount per city, and the dollar amount per city. Um, so if you get used to the columns and how they read, it's, um, pretty straightforward and you avoid the question of who's on first, which has always been an issue with these. Uh, as I understand it, uh, one of the issues was an equipment purchase, which on page five is shown as item number 52.

▶ 1:05:44 Speaker 11: Uh, now 52 is a, it's marked as a type three. That means it's a one time capital expenditure, or it's amounts to amortize prior loans. So number 52 is for Ventra sidewalk Snow Removal Unit. Um, and that's a one time expenditure total, 31,000, 15,000 per city, which is pretty straightforward.

▶ 1:06:15 Speaker 11: Now, when we had our meeting with the board of trustees of Pine Banks, which included both mayors, uh, and I believe was circulated from the mayor's office to, uh, the board, uh, we had attached to that a copy of the invoice and the flyer describing what the, uh, what the unit is. Essentially it's a, it's a thing that would do the sidewalk and it also has the ability to put down ice melt. Now the thing about pine banks is that it starts at the Forestdale Cemetery in Malden, wraps up to Sylvan Street and then goes over to Wyoming Cemetery, which is quite a rung for a crew of our size. So if we can find a way to do it efficiently, uh, this takes care of that. And we don't want people walking in the street. I think we've got a bus stop somewhere along that line. Um, and we're hoping to improve the general public gets an access to a non icy sidewalk. Um, the other items that were increased where utilities, and that's because fuel oil went up,

▶ 1:07:32 Speaker 11: heating the house, and the other is that insurance went up. Um, I think everyone's read about that in the news. Insurance has gone up. Uh, Florida gets wiped out and California burns down and we all pay. Um, so those are the items. Uh, if you look at page five, there's a red box down there

▶ 1:07:55 Speaker 11: and that's where each of the, uh, financial folks upstairs carrying Chuck Han down in Malden, that's how much, uh, they're looking to send to Pine banks just for operations. Um, and that split 50 50, um, the equipment and capital purchases is on line, uh, 70, and that's $242,000 per city. Now. That includes amortizing a mass development bond in 2016, which allowed us to rebuild a rugby field, a baseball field, and build the, uh, field house that's on a fixed amortization of 4%. Uh, it was done through mass development and East Boston Savings Bank, which is now, uh, Rockland Trust. And, uh, the good thing about that is that we have the ability to borrow some money without affecting the city's operations on debt. Um, the second loan on that is the, uh, supplemental facility loan that's on line 46.

▶ 1:09:15 Speaker 11: Um, that is a, uh, an additional loan amortizing, I think it was $800,000, uh, sufficient to make the, uh, the new shed, uh, which was put in line in 2022, replaced something that was put in line in 1963. And the first event that was there was the hosting of the Converse family reunion marking mere Converse's 200th birthday. And we all enjoyed the party. Um, the third item on line 47 is, uh, amortizing a line of credit. Uh, the line of credit on that line is, uh, for a loan from the Adelaide Breed Baird Foundation. Uh, that's a foundation that was created by the owner of the Malden Indian News around 1926. Uh, it's got about 45 million in it, and I'm the president of it. The thing is that most of the people who are on that board played there, played at Pine Banks, uh, when they were kids,

▶ 1:10:22 Speaker 11: um, as the most of the trustees at Pine Banks Park played there. So the thing is, we were able to take that line of credit, it's based on a 4.25 10 year amortization. It's set up as a revolving line of credit pending the completion of construction. We've been able to resurface the track. We've been able to resurface the, uh, baseball field by Main Street. I think there were photographs, uh, depicting that in this report.

▶ 1:10:51 Speaker 11: Um, those are completed. We've got a DA improvements over by the, um, the dog park.

▶ 1:10:59 Speaker 11: Uh, we've got a new playground that just came online. The playground is intended to be dedicated to, uh, Joan Bell, and I think there was another note of that. Uh, Joan and I worked on a lot of playgrounds, uh,

▶ 1:11:14 Speaker 11: so we're missing her, uh, working on this playground. Um, what else? Fixing the parking lot on Main Street in Malden. But the, uh, line of credit and the loan, uh, the good thing about that is that it has allowed us to the freedom to plan things, get fixed prices, get it done, uh, and, um, keep the cost of it off the books. And the thing for the foundation, to be honest with you, it's as good a rate as we would've gotten with a bank, uh, with your fixed income investments. Thank

▶ 1:11:47 Mark Garipay: You. Yeah, I, I, um, thank you. We are, um, in front of us as an, uh, appropriation of free cash. We've already approved the budget last, well, I don't even know these days are running together. Was it a Monday? Um, so the administration's paying, um, we're putting that into the budget through a free cash order, so in front of us as a free cash order for the snowplow. Very good. So our portion of that, so that's kind of, and you explained it in the memo that it's for the sidewalks from Forest Steel to Wyoming Cemetery. Um, our portion of it is gonna be half of the 34,000. Um, so that's, um, that's kind of, um, why we had you here. Just explain a little bit about what the 30 well, what we thought was 34,

▶ 1:12:36 Speaker 11: You might think I like telling this story.

▶ 1:12:39 Mark Garipay: We appreciate, we appreciate it though. We appreciate everything Pine D does for the kids. Um, I'm just going to, uh, hand the floor over to, uh, or hand it over to Const President Elli, just to make an amendment on

▶ 1:12:52 Leila Migliorelli: That. Thank you. Um, Mr. Chair, I will, um, want a motion to amend the order. Uh, 1 2 7 3 6 2 appropriation from free cash zero one dash 3 2 4 0 0 1 in the amount of $17,296 to Pine Banks. Uh, 6 5 2. So that is increasing. Um, the request amount is to account for the increases in expense line items totaling 1775 and for the Melrose share of equipment purchase, which is 15,520. One second.

▶ 1:13:30 Speaker 2: I'm sorry, we have a second by. Sorry.

▶ 1:13:34 Mark Garipay: We have a second by Council Nucaro. Alright, we have a motion to re uh, to adjust the appropriation, uh, from 32 8 16 to 17 2 96 made by President Elli, seconded by Council Ro on discussion. Do I have Council Williams?

▶ 1:13:53 Ryan Williams: Yeah, I just wanted to say this. So you're gonna, you're gonna plow the sidewalks around Pine Bank. That's the end of this. This is fantastic. That's the point. Yeah, It's fantastic. It's, it's, trust me when I tell you that this is one of, as a former Ward seven counselor, and we have the current one sitting next to me, this is one of the things that I hear about with some frequency. And the armory is next. So convince them to buy a snowplow and we will be golden.

▶ 1:14:14 Speaker 11: Alderman Infurna was also equally a assertive in her Request. Yeah. So thank

▶ 1:14:19 Ryan Williams: you for doing this and for thinking about this, and I really look forward to seeing it in action. Watch out for the fire hydrants.

▶ 1:14:25 Speaker 11: Yes. Just Point counsel.

▶ 1:14:27 Robb Stewart: Yeah. Point of order. I just want to be sure that I'm, I'm clear. So all, all we're doing is we're cutting it in half because it's being shared between the two cities. Correct. Okay. Thank you. Thank You.

▶ 1:14:39 Mark Garipay: So anyone else, um, on discussion, um, and Clark, can you please call the role for

▶ 1:14:45 Speaker 10: Her? Yes. And

▶ 1:14:47 Speaker 2: Appropriation.

▶ 1:14:49 Speaker 10: Councilor fro? Yes. Councilor Caram Chetty. Yes. Councilor Romanul? Yes. Councilor Stewart? Yes. Councillor Vandiver. Yes. Councillor Williams. Yes. President Elli. Yes. Chair Garipay. Yes.

▶ 1:15:03 Speaker 5: Point of order. Is it, are we approving the amendment or the actual amend amendment?

▶ 1:15:08 Speaker 7: The amended. That was the amend. Do we need to, that was amended. Now we have to on it again.

▶ 1:15:12 Speaker 5: Yes.

▶ 1:15:13 Speaker 7: Now we need to recommend the amended orders.

▶ 1:15:18 Ryan Williams: Mr. Chair, I will make a motion to recommend this item as amended. Second to the full counsel.

▶ 1:15:25 Mark Garipay: We have, we have a recommended recommendation to, uh, to move, uh, to approve this item as amended by Council Williams. Seconded by council fro on discussion. Madam Clerk, can you please call the roll?

▶ 1:15:39 Speaker 10: Yes. Councilor fro? Yes. Councillor Kara Chetty? Yes. Counselor Romanul? Yes. Counselor Stewart? Yes. Counselor Vandiver. Yes. Counselor Williams? Yes. President Elli? Yes. Chair Garipay?

▶ 1:15:53 Mark Garipay: Yes. That will be recommended for the full council. Thank you for AWAI Mr. Keer. Enjoy your night. See you soon.