time meeting warrant articles and they are specifically all of the articles with the exception of the planning board zoning article so one through five seven through eighteen and then twenty eight through twenty nine will review tonight in many of these are second and third time going through the process at eight twenty we have that you ask kevin to provide the board with his self performance evaluation and review and followed by next week we'll be doing our own review based on that information i'm sorry not next week in two weeks and at eight forty five we're going to be going into executive session for two reasons one to go she asians would nonunion personnel and then the second item is deployment of security personnel school business traitor i've just come out of one of our negotiation sessions and and i'd like to ask this like it was help on trying to get something move forward here we're in negotiations with three unions this year we have a line up of our top three so it's kind of nice timing wise but you adopted the g i c language and for us to move forward we need to get that whole program moving forward because we will not get our contracts approved with the new language in it if that doesn't happen so you know we had meetings quite a while ago actually months ago relative to the the adoption of that and there are steps that need to happen from this point forward to be honest with you the union president has asked me to to kind of come forward to you and  you know represent his concerns that things aren't moving very quickly here if we hope to have contracts before the end of the school year and it's kind of critical for us to do that because we lose the teachers during the summer time to get them to vote to ratify something it's very tough  i'm strictly asking for your assistance in figuring out how we get this thing to move forward so that we can take advantage of these contracts all coming up this year ok thank you bill and oh that's an initiative that we voted on quite a while ago and i was under the impression that we were  going through a process of educating the the employees on the new program and kevin can you speak briefly on that on the process start should requires that once we have the rates who we've had them for both two weeks now we have to compute the savings associated with the reality of optional plan design changes which are presented to us  plan design changes of the g i c plan which is what the statute which up sixty nine of the acts of two thousand and twelve provides would be i don't think in any way exceptional to the active employees but it would be somewhat devastating to the retirees so rather than and we are required by law to implement them universally celt rather than implement those changes on the retirees and have what i believe would be a very harmful  effect we have been working on an alternative that makes us make some plan designed changes but only makes roughly half as much of a change and to do it in a way that actually ends up benefiting the retirees this is exceptionally complicated work as you can imagine  it's now complete the fact that we've been able to do it during these past two weeks while simultaneously preparing the tifton i for you have a variety of other topics and a little budget season plans now has to be very carefully calculated that is work that our consultant and our c f o are both doing and actually he's on vacation and from vacation he is working with  consultant to make sure that the savings is correctly calculated once that's done we notify in terms of visor committee and we meet with them and we give them these results and as you recall we say to them here's your part of the savings here's the town savings and fifty percent of what the town saves in the first year which is why the calculation must be absolutely precise you share with the employees in a way that they dictate from the variety of options that we're required to put before them so that's already now the employees then elect a p c a public employee committee composed of one representative each of the bargaining units and we meet again and the p c actually chooses what to do with the money that's all happening out i would expect will be concluded  sometime in the month of april or early may and we'll have the decisions made in terms of what the p c would like to do with the money that will all be  concluded well prior to the end of school so that we can then dialogue with the employees then the only then and only then can we begin the educational process because right now we don't know what we're educating anybody to so it's a  process has a lot of legal steps that have to be taken and has to be done very precisely there's no margin for error so while it is the case i think that everyone would like it to move faster it needs to move very  deliberately so that there is no mistake and the procedural mistake will cause us to not be able to implement it this september which would put our budget somewhere around a half a million dollars in a rears so we cannot make a mistake which is why would being very very precise on this and it takes time again i can't do anything until we get the rates and we've only had those for two weeks thank you had you have you met with the i'm sorry i was going to ask the more questions from bill i know that they were on him before a few months ago and were late begging for a meeting so yes he's saying you couldn't have that meeting and no one meetings already been held but well now we can work on this now we can compute the savings but once we realised how devastating this would be to our retirees if we implemented this we said we don't want to do that to them so it took us some time to develop an alternative plan which is basically halfway between where we are and where we could go and we've we've added some other structure to the benefit to the plan design so that this will actually end up being quite beneficial to retirees its potential is to save each retiree a thousand dollars a year and believe me that's not the kind of thing that happens by happenstance that's very hard work and a lot of discussion in order to produce a plan design it will do that but pretty confident we're going to do that for our retirees thought the same time we're increasing their out of pocket we're saving them a thousand dollars on their premium so we've got something that we think is a is a good plan design and now we can move forward but donald takes a lot of time so you will have that meaning with the insurance advisory committee and a time when them can be here kevin i would accept that the problem was the last time was a few of them couldn't make the meeting you would how that certain time during the day that they could make it how you can ever get one hundred percent attendance is just not possible so we end up doing the best we can  that meeting with the i o c will be scheduled for the end of the month but the boiler plate is all done it's all written it's just literally waiting for the numbers to be dropped in the way in the notices to go so that should happen in the next two weeks meeting will be any april for the meeting with the c in may and presumably some votes by them and it's a remembers a thirty day process once we initiate that step so from but i don't want to the piece i don't write but i don't want to hold on to thirty days of the p c feels it needs a little more time would like to give it to them you know bill why are you still here you seem to be the liaison between the school and here the that is your question and you have enough to go back to your group with you i think to answer the question i think it really is kind of a more communications issue because that's why they haven't heard in a while so they're questioning and again work we're pushing to obviously get these contracts resolved sure so based on that timeframe you would assume that by the end of may you might have an agreement with the p c i'm not going to be held to that but i'm hoping sure so it will be very tight because they still they would have to take it back to their committees and present the invensys different remit and if there's anyone that wants to come to the table as part of that team and as you're sitting just for the people at home this was an a request that was brought to the give them some time to work together with the applicant and then come back to the board with their recommendation so in our package we all should have their recommendations in the back up information that was given to us on friday and other than that we really haven't heard from the committee since it was initiated a month or so ago with that i'll turn it over to kevin thank you mr chairman member of the board and i just have an i just want to make a statement that  appreciate it but kevin you want to start us off sure thanks mr chairman what i'd like to do first is introduce our guests and since i'm going to miss that a poor boy i'm sure potentially i'm not going to take that with the tri town chamber of commerce to follow also tried town chamber of commerce he's on the board of directors tim conelly try town chamber of commerce economic development director  economic development share and they're there also several of our residents they are ok great about it and i know i may have missed it but could you introduced yourself for the record in who you work for yes i'm  had a very substantive several hour discussion that resulted in the bones of an agreement we gave them to town council and when to put together into the actual documents that you have in front of you tonight and i won't take the time at this at this time to go through the provisions there but later after lynn is concluded i think lynn and steve are going to give us a presentation which should be very hopeful not just for the border but for the public about just a reminder of what it is a bit about who invents this is the specifics of what the project will affect and a bit about has a completely unique and truly wonderful relationship with the community how many towns can boast a business with a full century of partnership with a community not many relationship was it has been a pleasure truly looking at all of this material the tiff team it was a privilege and a pleasure for all of us to go through this and  and the team in conclusion is very proud and very pleased to recommend to the board that you approve the two if your selves and send it on to town meeting with approval for final ratification and having said  that i'll turn it over to lynn to see deve who will take you through a power point presentation and then hopefully take the mike back for a couple more highlights at the end of what's actually in the agreement and in the force if i could just on a bigger picture is some people here that i don't know if people want to speak pro or against but i think let's take the presentation before the board goes into dialogue i think we'll turn it over if people want to speak so we get some more information and the only thing i ask is if it's repetitive or the same thing over and over just listen to the person before you and maybe paraphrase a little bit thank you ok great first of all i'd like to thank the board for allowing us to come and sit with you tonight and also thank the tiff team you have to say this was a very collaborative and open effort between the company and the representatives of the team and it's something that we're presenting together i've got a few slides here that i'll go through and then turn it over to len and i'll try to do this with my back to the projector here so if you want to go to the next light and as kevin mentioned all run through a little bit about the company for those people that company we've got operations in more than fifty countries and what we do is really really help our customers to kind of monitor control and automate their industrial processes and products we do a little bit of everything we create software we make quick meant we do some engineering and consulting and we do it in a variety of industries across the world whether it's or oil and gas food and beverage pharmaceutical mining kind of you name it if it's an industrial process we're involved in it in some fashion here and in foxborough the company designs and manufactures measurement and instrumentation systems we also assemble and test electronic equipment and we've been doing that for many many years here in the community with one as as kevin mentioned we  like to think of ourselves as kind of a unique employer in the community we're very proud of our long history with the town of foxborough and we've had many generations of employees be residen s foxborough presently we have a approximately one hundred current employees that live in the town of foxborough and we have many many others that live in the surrounding towns one of the things we're very proud of is our longstanding relationship with the community and our ability to give back we've done that for many many years in fact i was here in the fall to receive a community award i was very honored to receive that from the town and here on the slide there are just a few examples of some of the things that we've done over the past several years whether it's donating the land and resources to the y m c a or having our employees work with several groups within the town council on aging historical commission  this is something that we do want to continual basis in fact we've got a number of community events lined up during the month of april supporting continuing to support various groups in the town in the surrounding towns we are working with our in our invensys involved program to continue to promote that have more employees support the town you can go to the next slide a little bit about our presence in the town  we do have three locations in the town and we have the bristol park location at the bottom of the screen which is administrative offices in our training center that's there off of route one forty we have a  building off to the upper right which is really our engineering software and our research and development center it's located on mechanic street across from the y m c a and we have our neponset facility which is on the portfolio for many years they are under utilized we have vacant space and several of the buildings there are also outdated and as we have been approaching the lease expiration of two of the buildings t bristol park in the co cassatt buildings we've been looking at our options and that's what prompted us to come and be very open with the town and sit down and make this proposal what we're really trying to do is to bring our employees together really create a kind of a modern work space that will only retain our employees but help track attract future employees the proposal we can go to the next life with them the proposal that we're making here i think i probably covered a lot of that already when i go to the next slide the proposal that we're making is is really got a couple of components we're proposing to make a significant investment and then the that as well as a complete renovation of our lease co captain building which would be a major renovation of most elements of that facility have are are good jobs these are engineering jobs software jobs there are also manufacturing jobs there i eat their customer support customer service that are really across the whole spectrum  across our employee footprint and you know these are good jobs with competitive benefits and like we talked about before where it's something we're very proud of to be part of this community and to have many of the residents also as employees of our company i'm going to turn it over to when who's going to talk a little bit about some of the economics and also some of the information ok so the company as you can hear invensys is a significant taxpayer and significant one of the major employers here in boxborough and they're also as well as the community involvement we have there embedded in the community and have very deep roots in the company and its employees are spending significant dollars an estimated six million dollars  with anywhere from hotels corporate catering auto repair office supplies printing some of the different companies they're using you know in foxboro there are actually three hotels  the court the residence and the renaissance patriot place so they are a significant user will go into some of the numbers of what how many rooms a year they're actually taking  restaurants such as the asian ginger christina's omega pizza you know they're calling constantly for trainings and having things deliver and having food delivered for the various corporate events as well as when  they are when they do have training they have individuals customers that are coming in from all over the world in they're coming in six at a time sometimes a dozen a time and they're staying in foxboro for long periods of time so you can see how that spending just adds up as a result of invensys and then also on the industrial services side there are many there are several engineering companies you know that they using and some hotels there are some significant hotel in neil's taxes that are also generated as a result of invensys presence here in foxboro and we thought it was would be helpful to see exactly you know we have their spending how much they're spending i know it's kind of hard to see the slide you know anywhere from in the hotel this area they are spending you know over five hundred thousand dollars and again this is a very very conservative number this number is actually based on approximately forty five hundred rooms per year and again that's a conservative number and add an average room rate of approximately one hundred fourteen dollars per night so that this is where this figure comes into play over five hundred thousand restaurants coffee shops as you can see corporate catering now the spending  million dollars in this area so again this is the company and its employees in there was a survey taken based with several employees and we are spending the dollars also when we talk  talking about additional jobs the multiplier impact based on an estimated thirty million dollar construction stand there is expected to be approximately two hundred fifty five spend is as a result of this project and invensys being located here is approx approximately six point seven million dollars so we thought it would be helpful for you to have some of that background so now we'll talk about the government incentives and as you know invensys is applying for a t f and is a a tip is a tool under the state's economic development center program which is known as tax increment financing this is the local tool that can assist companies to make decisions to make investments in their business while in this particular case retaining jobs  this is a program administered by robby anderson's office the mass office of business development it a t f is a sliding scale incremental tax exemption based on the proposed incentive so basically in layman's terms tax incentives on existing property the town doesn't lose a dime on any existing taxes so if the company plans to spend approximately thirty million dollars that will increase the assessed value of both properties generate new taxes so in this particular case it would be a discount on the new taxes so  no no taxes loss to the town and so we will to we do have a slide to talk about the tiff numbers but steve is going to talk for a minute about why incentives are important to the company you know of like you said at the beginning you know this is a significant proposal an investment for the company and like most companies we do have a very competitive environment and we do make good financially sound decisions what we wanted to do is to come meet with the town and really create a partnership probably a win win situation for both the town and the company and we wanted to do that in a kind of very collaborative open manner and you know what i hope to do is to be able to continue that good strong relationship that we've developed and strengthened over the last several weeks as we've gone through this process together right and it's an it's an education process and hopefully if the board is receptive tonight the company would plan on holding the unity information session at the end of april after the property to invite residents you know they're hoping that if everything works out it could be in the april twenty fifth timeframe so more to come on that in the evening again it's a way to educate on what the company's plans are and the proposed him so next like to be a minimum of five years a maximum of twenty years and the company was very sensitive as to what type of tiff they were proposing and you know something of it and i'm sure kevin will will discuss that something very fair and reasonable reviewed along the town all of the tips that were that have been approved in up in this region of the parts of massachusetts you know what's been happening with tips so there's a lot hundred percent exemption in the first four years then tapering down to ninety eight and then you can see the numbers where in the last four years i'm very nominal forty thirty twenty ten percent and badly on this property both properties the mechanic street and the ponce that the town's collecting approximate three hundred seventy five thousand dollars in over a fifteen year period that is approximately five point six million and that's what you're receiving today and with no assumption with you know the placement factors with them so the estimated tax revenue to with with the tenth is approximately a million dollars to foxborough as a result of this negotiated agreement which is all new tax revenue coming into the town of course we know that that would expire in year sixteen so expires and then over a you know after the hundred percent in the first four years gradually the town is collecting new tax revenue year after year and then again you know they pick up it's really year in year five when the percentage is at fifty percent and then the town is one of the really the lion's share of the tax revenue so the new taxes as a result of this project again is from invensys would be approximately a million dollars additional fees else the revenues that the town is currently collecting is approximately five hundred seventy one thousand dollars on those items so if you take the existing tax revenue what they're paying now the new tax revenue including the hotel and meals taxes permit fees this is the town is in the position to generate seven point six million dollars and the tax incentive that invensys is seeking again for fifteen years over a period of time is approximately one hundred twenty five thousand dollars the average annual over the fifteen years which is approximately one point eight million dollars for the fifteen or so again the average annual is an estimated one hundred twenty five thousand dollars and you know the town would be generating approximately seven point six million dollars as a result of this project i wanted to you know walk through those numbers and you know there were all kinds of you know work sheets and spread sheets and everything else but we thought that this you know it would in layman's terms because you know of course this needs to be you know presented to town meeting voters you know such a similar format would be presented you know is as far as handouts in any type of information session to make sure that you know they understand that this is you know new tax revenue without just without the investment the town would continue to collect you know what they're currently receiving and will be with the incentive the town will collect team was faced with answering why would a community willingly forgive one point eight million dollars in taxes approximately to a business to keep  business in the community well because if that's exactly what it if is remember it if is not asking us to forgive taxes that currently exist a tiff is asking us to forego a portion of future taxes in return for something tips are common in massachusetts there's been dozens if not hundreds of them done our neighbor in mansfield who's used to fs with great success to help populate its industrial park tips are generally only given under one or two limited sets of circumstances either to attract a business to come to the community which might not otherwise come or to retain a business  which might otherwise leave now in this case we're dealing with a business which might otherwise leave so how do we assess whether we should recommend to the taxpayers that they forgive that amount of taxation in order to keep invensys here we start by researching who invents this is and we did a lot of research about this company this is a multinational huge company cutting edge technology exceptionally well positioned in terms of the financial health of the company and cash assets on it is extremely well thought of in the international community lots of big companies who love to own invensys if they could i don't think they'll succeed so that's the first thing we want to be sure of this is a good company that's going to be around for a while clearly they are second question we ask ourselves is it likely that they would in fact leave now one thing i want to make absolutely clear the board into the public invensys has never been an overbearing and threatening manner that has simply not been the way they've conducted this on a go she ation they have conducted it as we would hope as a good business partner who tells us plainly that it is part of their financial analysis such that in order for them to invest thirty three million dollars they need to be able to get part of that back one point eight million that's what makes it work for them now we're not in a position to evaluate in any meaningful way what invensys is finances look like they're not required to share them with us and no corporation in their right mind would ever do so but we do know a few things with which we can a judge is it likely that they might leave and answer to the question is yes you've all seen the publicity you see in the newspaper stories you know about the manufacturing facility that they have elsewhere in the country that they have corporate ownership elsewhere in the country so is it possible that they might relocate of course it is absolutely so at the end of the day what we do is we look at that question and we say what would we lose there is no way for us to know dispositively if we don't approve this stiff that inven will will not leave we have to take someone on face value when they tell us that they might so the tiff team finally decided to look at this question from the only logical way you can look at it if they leave what do we lose if we don't grant this and it becomes in their corporate interest to relocate what do we lose you've seen the presentation in economic circles it's generally considered that the multiplier i e the spin off benefit that occurs from a given kind of a business is highest with manufacturing this is a hard core solid manufacturing business this is the kind of business that towns gold hugely out of their way to get and indeed it can well be said every state in the country has a tiff like program the column different names but they all have a program like this if invensys were to say to some town in texas we'll go there if you give us a tour if i will guarantee you that that town in texas will give them a tiff guaranteed because any community would do anything it could within reason to attract a business like this well we've got one and so it simply makes no intelligent sense to roll the dice and lose them it makes no intelligent sense and at the end of the day that's somewhat what you have to take on faith is that if we don't enter into this partnership if we say to invensys your presence in this community is not worth the loss making this investment then immense us might say we're sorry to hear that but we may have to go somewhere else with someone else will express that confidence and make this investment and the best part of this and it truly is the case these numbers lynn just went over were supplied by lynn not by the town so i can't i can't say with absolute confidence that the multiplier effect on all this is absolutely accurate we didn't call all the hotels and ask how many stages were there but we have a pretty good level of assurance based on a relationship that that information is accurate but as you can see even if we're off by a factor of two or three or even four we still derive as a community more economic benefit from invensys presence than we're giving up and here's the best this is a temporary forgiveness of taxes not permanent each year we get a little more of the value of what that thirty three million dollars vestment produces and so when we get ten eleven years into this we're capturing almost full value and in fifteen years we get the full value and i know fifteen years seems like a long time but it's a blink of an eye in the history of a community so it can truly be said that we're providing a small incentive to invent those one point eight million but we're leveraging nine hundred high tech well paying jobs millions of dollars of investment in economic multiplier effect in the community and eventually all of these taxes will come to us anyways all of them hundred percent so when the tiff team went through that entire analysis and i'm summarizing always and i was an hors of deliberation into a very small what ends up being a very simple question there seems to be no logical answer but to recommend tariff to the board and hopefully the board will act on it favorably and recommended to town meeting this seem to be an undeniable inescapable conclusion that this just made huge and logical sense speaking as your town manager i would not want to be the one who said to you oh don't worry don't grant that if i don't think they leave believe and then find out in a few months that i was wrong i sure wouldn't want to make that recommendation and so at the end of the day that's the choice that confronts us as public officials and leaders of the community does anybody really want to take that risk that the human body want to find out well at the end of the day just makes all the lino sense to do so but it makes great sense to keep invensys here for all the reasons we've said and that is why at the end of the day we recommended that you accept exactly what they've proposed for years one hundred percent when you're at ninety one you're at eighty when you're seventy five and on down the line and you can see the form of at the top of the page but we do not make the recommendation without protections because obviously what the town is getting an economic benefit we want to be sure that we're going to continue to get so there are provisions in there such that if the investment is not completed then the tip is not triggered if we lose jobs then the to fizz reexamined dissolved or restructured and we need to set certain litmus is so we've chosen twenty five percent is the litmus we lose twenty five percent of those nine hundred to get renegotiated we lose more tickets renegotiated we're pretty confident that's not going to happen and renegotiation will be necessary but i want the board know in the public to be aware that we're not taking this as a blind faith commitment at the end of the day you have to take certain things on faith but they're logical and intelligent things but we've backed that up with some very very strong protections in  that if things don't don't fold as we all hope the town has substantial rights to recapture that value so i think that's the best point at which to entertain questions and comments from the audience and if the board has questions about the very very specific provisions in the tiff with respect to those so called clawback provisions as they're known i would turn out over to cindy and dick since they are the attorneys who drafted th thank you kevin just point of clarification i know you summarizing for the tiff team but on the team we had a building commissioner finance director chief assessor town planner town council an economic development specialist in itself would have presented or negotiated for this test i would go on record as saying that i originally would never want to tiffin the town because i think it's it's all about the business is that they get the break in the town because you can see by the schedule however you know i think it does make sense to be good neighbors and good business partners of people in your community and you know i'm a business guy to have negotiated similar deals in rhode island and things like that i understand in vince's does need to get what they need but i also understand from living in the community that what i see on the on the proposal up there is not a balanced proposal for the town and i brought that's why i came tuesday presented to the board before this group got here was to hopefully get the message back to the negotiating team that a four four years of one hundred percent exemption and us not even getting to fifty percent by year eleven is really not balanced and i would not accept this tiff the way it's presented and i would not go to town meeting and recommend this to if the way it's presented it till we get a little more balance to the structure on the exemption  the other thing i mentioned to the board last week and we couldn't really talk about it much length was the lack of protections for us in the event that they do  at the at the building over there on deposit street and create a tremendous amount more value to that asset because they put a fifteen year lease under it whatever the coupon is and when you do a d c s on that suddenly it's  of a lot more than the base your valuation that we have at the assessor's office and i don't see any protections in the documents that i didn't have time to read every word but i did flip through at the south after noon and i didn't see that protection in there for the town if i missed it maybe somebody can correct me after and with respect to the protections for for the two hundred fifty jobs i don't remember maybe one of the experts can remind refresh my memory but these these are these are not like local laws these are at the state level so there are requirements if you get a tiff do to maintain employment or add employment so i'm wondering what the minimum is our for and to protect to say we're protecting ourselves by not letting two hundred fifty jobs go without renegotiating i think is really not in the best interest of the town you know two hundred  fifty jobs is a significant amount of jobs that somebody down in texas would be more than willing to do a tearful one twenty one a agreement whatever you want to call it in the other state in so you know we can lose two hundred fifty jobs lose a portion of that hotel revenue and the other revenue from the meals and we get no increase in our tax revenue at all as a result of those two hundred fifty jobs leave and it's only after that that we actually get the chance to to look at this particular t if so i don't really think that is in the best interest of town the the other are a couple of the points of me we think of the the other you can do the math on your i phone and if they fired one person that makes one hundred ten thousand dollars a year plus benefits and multiply that by fifteen years they get the one point nine million they want to save so is it really like that one point nine million and you going to move everybody if you don't get the one point nine million because if you just fired one person you get your cost saved so that's another reason why i think it could be more balanced because they could achieve their expense reductions very easily if there was if there really is the real you know goal here was to save one point one million so i don't really only buy that i don't i don't also think that it's easy for them to move nine hundred six figure jobs is the town accountant or the manager said to me we could too ago that you know skilled engineers a lot of them from here to texas they could probably do it if they did two hundred forty seven of them and they'd still get their tiffin they'd still get the tiffin dallas but again this like there's just not enough teeth in this to fit to protect the town and i don't i didn't hear our proposal when i heard was they came to us in our tiff green group our to fifteen or whatever hat you want to wear they just they just signed up for this you know i don't i don't really understand the board of selectmen where the negotiation was you know i'm a c p a i've done these things before i'm sure there's other people around town that have done these things before was did we present the proposal to them when they came to us with their proposal or we just going to sit here and say they're going to take the nine hundred jobs if we don't give them the stiff you know that's not a good way to do business either i mean there should be some middle ground in the last point to make is and i've said this in my letter to the board last week and i was here we have a bigger taxpayer than in vince's we might even have other taxpayers bigger than him and says i don't know but i know there's a big one down route one and they've got two hundred acres to develop and if we're doing a test for three hundred seventy five thousand dollars your taxpayer and we're going to give away those terms the next person up here is going to say you know what i'm your biggest taxpayer i want most favored nation status and i want better than that and i don't mind giving a tiff to develop two hundred acres down in one where we're going to put a hotel we're going to put on the businesses may be office parks i don't know what he's going to do on their boats what with two hundred acres to develop i wouldn't want to give this away and then have him go shooting with us and saying hey we want five or six years or one hundred and then we'll scale down from their last point why is it fifteen years why isn't the time that i presented to the board last week in a balanced approach to start of the hundred in year one and decora met the schedule by six and two thirds percent every year to get us down to zero when you're fifteen to me that's pretty damn fair inference this gives up another hundred three hundred fifty thousand dollars in the equation you know they get what they get primarily what they wanted you know we you know i think that's balanced and that and i asked in this value creation they're finally going to exit bristol park two thousand and fifteen i don't know how many square feet there but you know that's going to be incremental economic benefit to them by moving out consolidating to the to the to the two locations here you didn't see that anywhere in their analysis of what they were going to save in terms of doing that it all came back to what we were going to we were going to be getting in this fifteen year deal and everything kind of reminded me of like when you go to the car dealer and they break it down like how much it cost for a day this is the inverse if we add up everything for fifteen years this is all the revenue you're going to get for meals tax in all the revenue you're going to get for all these other incremental things and i'm looking at like six million over the fifteen years it's like yeah i know i get that but let's look at it like you know at face value and the bottom line at the end hi thank you kristen pappy thirty carpenter street i am no to facts but i don't have any business experience with this sort of thing i will probably not have anything as insightful to say as mr spinney but just a couple of things that crossed my mind when i first saw this discussion not in the papers i was curious about it because it seems like of course we want to try to keep a good corporate citizen here in town there are a lot of examples of tips that have done in massachusetts published online fifteen years for this amount of capital investment is a very long time compared to what i saw online so if invensys is going to offer more information to the town i think would be helpful to be candid or transparent about which other tips you compared yourselves to to come up with the average in which you disregarded as not comparable because i from what i could see this is a very very long time frame and the other part was i did think we had  i'm not clear as a citizen if this is exactly what invensys proposed initially or if we didn't go she eight to come up with some favorable terms for the town because obviously invensys would come forward with their best out of box so that's something that i'd like to hear more about too from our committee thank you and your name again i'm sorry it's kristen pappy ana ok thank you naughton and i'll just relate some experiences in i've taken some notes as we've gone through this process over the past month is that i think i'd like to try to address the beauty of a tech is that it's total control do that all the applicant but through a local to committee and really come to a conclusion as to what you want to recommend i'm not here to say that this is the best world or the worst if in the world but i do know that a lot of companies have done them as far as speaking to the issue about they all know they can move to texas they don't have to move to texas and they go talked about this a lot the last month that i was here they could move five miles down the street and those jobs that exist in foxboro could now commute to that same location whether it's in massachusetts or right over the border or dialing because all the communities are very competitive they would love to have a manufacturing company come to their town and they would do whatever they could to try to attract them so to go to texas maybe one of the reason why texas was was named brought into the picture but they could go anywhere and doesn't have to be that far out of state you know to accomplish their goal you look at the formula that they have shown as far as the breakdown that fifteen year to if there is no set farm there for a test you know i think i may have left the chalk the last time i know i had a more detail on that i may have sent to the town manager which of the breakdown by percentages and the number of years as to how those were done a lot of those tips are front loaded and the reason why their front load is because there's a there's a lot of capital investment in those beginning years and they're trying to recoup as much as that as they can as early as they can and then there's a descending order to that with a small a tiff as it goes on there's no set number of years either and we've seen some tests are gone for ten years and some that have gone to twenty s and so there's no formula to that it's also not there's no legal precedent to this just because you are granted it if you judge each one of its merits and whether someone is applying for it if in the future on route one or company that's good for the community and good good for the company that you become a profit is in the process and also people say that you know that the tips really don't work fails the big loser is the company if that to fall that company moves out of town sure you still collect the tax dollars but you've lost those jobs and those jobs provide a spinoff to other jobs now you've got a major company that has nine hundred plus some employees but that company provides jobs for the smaller businesses within your community and the neighboring communities and it just doesn't affect only foxborough it affects your neighbors because not everybody works at the company lives in the town as you've seen i think was meant to me this one hundred hundred fox for residents that work at the company well there's another five hundred that live when the border towns around us so you know i think with we've seen other companies we can all relate to experiences where we've seen manufacturing companies leave town texas instrument  you know when they have left town we had relatives or maybe even your own your own self was working at one of those companies lost a job when they left town so it has a major impact on everyone around us you know some because there would be a process that we would have gone through and sat at the table with the tiff committee they would have found the reasons to giving the test to a company you know now it was a different animal altogether they gave you money we don't give money  folks in our communities we're giving them a break on the future taxes for the investment they going to make and in the end their projects and their opera are projects that have been decertified we've had three of them and our situation one of them is general motors in general motors out of twenty it's if for the town and on they don't have a lot of employees but they had a huge four hundred thousand square foot building when they left town they were decertified when they went to norton the taxes on that piece of property was twenty thousand nine hundred ninety nine dollars when they would be certified that tax bill went to ninety five six is because the project was decertified when john morris left town so the town actually got a windfall when general motors said goodbye and we waved goodbye to them and got a great company came into not in with two hundred fifty jobs we had two other companies called spare x an innovative spinal technologies where they're located in the industrial park they were venture capital start ups had tons of  money the executives that company ran through sixty million dollars very quickly and they left town when they left town the taxes increased on their property tax bill still being paid the town did not lose any money that town actually benefited because we had increasing taxes so you know i hope i don't repeat some of the same things that i did before but there are a few things i just want to address and i'm not here to say that this is  should prove that's truly all local decision i think you've done a fabulous job of bringing it to committee together to discuss all the material and it was up to them to speak out as to why they felt it was good or bad and they have made a positive recommendation t applications in means field in norton as state rep it has worked and in fact in mansfield now we're enjoying the benefits of surviving that ten years that twelve years with folks are coming off  agreements in the paying the full tax and as ed said we did have a couple that we lost on but we were able to decertify and then begin to collect the full tax on the property it's two thousand and thirteen i don't think it's any time to play chicken and i really think that foxboro needs to you know again make a an investment which means they're not getting any less than they are today and will receive more in the end to bed once and for all is  vince's staying where they go and we've heard that for a number of years i look at the investments that made the community not only with their capital investments the y m c a twenty three acres in what the town's enjoyed as a result of that i look at the mentors that go into the charter school and into the high school to teach stem you know science technology engineering and math priceless i look at the the work that they do with invensys involved in all the different community activities that they position themselves in april being volunteer month they're going to be added again the employees are engaged that's that's priceless in so if we were ever to lose them we make that up and it's very very difficult so again great work on the tip committee as ed said maybe it isn't exactly what you end up with but it's a great start and it's a great opportunity to finish it and carry it across the finish line into town meeting and get it get it put to bed and let's keep moving on and try to get our unemployment rate down lower this is going to create jobs it's going to help us again regionally reduce the unemployment rate which we've struggled it a little bit over six percent but we've done a hell of a lot better than anywhere else in the commonwealth so i really look forward to your decision thank you thank you representative barrows is there anyone else opportunity to work closely with a number of people who are engineers at invensys and their character and their quality of of their behavior is is exemplary and i see them giving and giving and giving to the community and i think that to me that's that's the type of company that invents a says and that's why i think that we want to be a business partner with them and as the vice president economic development for the tri town chamber of commerce i want foxborough here to businesses everywhere to be pro business to want to partner with with good corporate citizens like invensys to track new businesses to this area and this type of corporate give back from the town makes us more attractive to businesses it will come to this town recognizing that we're place that is business friendly and will bring jobs year and will help us to continue to grow as a community in the right way and that's why i support this to for for the folks at invesco thank you thank you anyone else from the the audience so as as chairman and let me just try to put something together here sure questions i have here and then we've heard statements so that the board can digest that in we can talk about that but the questions i heard if we can go through these quickly so it helps the board of well we have everybody here one of them was is there protections in the agreement and while we have counsel him we can hear from him the differences between the state in the local minimum in what we have represented from the state maybe he can address that their proposal versus our proposal if if there is such thing as our proposal but if someone in the committee could talk about our proposal the question of would it fifteen years come from verse ten twenty the issue of bristol park is that a separate entity in this agreement and how does it how does that set itself apart from the other two buildings and i had one other one i can read my writing so if could i ask counsel gellman on just to talk about the protection that's  twenty five percent reduction in the job tension here where there's one hundred percent of the test that will go down twenty five percent program so that's that protection if the  value attributable to the project or i think if you're talking about other improvements to the problem of that which is generated by the those would be assessed in the normal course in tax than you normally would for the base going into the to fear as that base increases generally with other similar properties i is generated you know one and a half times the base value i want to make sure the town participates in that because if they do that that's a game that they're going to recognize in their books not all at once the for it over time but it's nothing in return for that get either come to the microphone or stand under the big one that this is the people who i think it's i think it's important to chairman that you know if we're if we end up at a fifteen year to if the way it's presented here and in that's what we end up with then if they actually do a sale leaseback transaction that generates again that they get to recognize on their books in the town gets no incremental tax benefit for that i just again that's another unbalanced part of the for me and i know until i think we nail that down definitively whether it's explicitly in the agreement that if the company enters into a sale leaseback that generates a valuation that's above the base year the town will participate in that increase valuation i think that's only fair and i exemption from taxation is based only on the new implemented value of the property as a result of the project ok so if there is an increased valuation due to a sale leaseback that snot the states perspective on some of the state minimums versus what you're seeing here sure and if you could just introduce yourself or didn't catch it at the beginning you're probably anderson metro s regional director for the office isn't development our goal is job creation and retention in massachusetts the invensys project is right tension it is keeping good manufacturing jobs here in the state one of the strategies used to help  keep businesses like invensys in the state is that have a program now this is a local only project this is something that is happening between the business and the community the state is more of a passive partner in this case so in terms of the claw backs the minimum for that is not something that we are involved in in this particular project however as with any project there is a yearly audit that they haven't felt it is looked at and there has to be some compliance with that or else the state raises its hand and says you are not doing what you are supposed to do now those things are certain percentages and obviously should you get down below twenty five percent that would obviously raise some red flags for the state but to answer your question in terms of what is with these local only projects there are no minimum in terms of job creation and anything that the municipality chooses to negotiate with the company and terms of loss of jobs is not really in our p it does it answer my question mr anderson if you're sticking around for a little bit i did it right here for any other questions ok now kevin the other you know when this application came to us that's public record so we saw the really the formal request then the committee was formed in you guys went back and forth is this such thing as our proposal if can you talk a little bit about that he said and ok two two questions i and percentages of times forgiveness it is universally the case i've been involved with for two of the members of the team of been involved with two if he was universally the case the towns don't come to the table with a proposal the business to us what towns come to the table with is a proposal about what they'd like to see in the tariff to protect the community i e to get what it is that you're giving the forgiveness for and secondly to secure any kind of mediation agreement on any impacts on the community so one of businesses locating typically as opposed to your retaining it when a business is locating for instance the shipyard project and hang them it was a new business coming to him the substantial impact on the community so there was substantial mitigation payments from the order to address the traffic concerns that would accrue to the community in this case we're retaining people who are already here so the committee looked closely at would there be any impacts of the community and we felt those impartial minimal negligible and therefore we do need to ask for a lot of mitigation payments we did however have a number of issues they were very very concerned with and we had eleven specific proposals that we made when we sat down to do the goshi ation in fact we handed invensys this this list and i will tell you that the majority of these concerns are expressed in the tariff not all but that is the nature of the negotiation in terms of the second question why did the committee recommend exactly what invensys asked for in terms of the total tax forgiveness well in order to assess if what they're asking for is fair you have to kind of ask yourself a couple questions one what is the ratio between what the private investment is and what the forgiveness amount this what's the what is the period over which it's requested bearing in mind that when a company a private company makes a large investment in the millions they're putting out a lot of money over a very short period of time typically i think this is an eighteen month build out so they're putting out thirty three million dollars over eighteen months and they can't realize any profit during eighteen months for that thirty three million dollar investment very simple because they're tearing their building apart and rebuilding it so it takes time for for a private business to begin to return to get return on its investment which is why tips are universally front loaded so the tax forgiveness that occurs in the early years helps to compensate the business in the early years when it's recouping its investment which is getting that return that's why they're all restructured that way so the second thing we look at so the first thing we looked at was proportion thirty three million dollars being invested one point eight million dollars thirty three minutes being invested over eighteen months one point eight million dollars dollars being forgiven over fifteen years i think john made the point that that one pa point eight million dollars is really a very small amount he made the point that of one one hundred thousand dollars ploy or eliminated that inventors could almost make that back what they're asking us to give indeed it is in fact a small amount of money it is not a large sum of money but it is what makes it work for them it's the number that they have done a fine as what works frankly we thought they'd ask for a lot more they didn't  when you stop to consider why didn't the tiff team come back and say well instead of four years at one hundred percent when you're at ninety and it's either a set or we want to give you ten years or we want to give you three years a hun consider this over the next fifteen years the pendency of the term of this to for grammont the town of foxborough will collect in gross receipts over one billion dollars one billion dollars we collect sixty million right now forty five percent growth per year in receipts compounded per year do the math it's over a billion dollars if we had said to invensys we proposed to give you three years at one hundred percent and one year and ninety it was small dollars to the time very very small dollars but the risk was that it would penetrate the margin which would make it on economical for them frankly given what's at stake here we decided that that was a fool's mission it was just plain silly and have a richness to risk this over those small little dollars but then we decided to take one more look and we said let's take a look at what's typical and it will be do was great i have in my hand here all the tips leave eleven twelve of them for this general area taunton mansfield i tried mediterranean foods canadian title valves and controls on medline industries smith and nephew horizon beverage waste management hamilton storage marci food quest diagnostics in crumlin services for these are in mansfield alone what we found was that there was a direct correlation between the size of the capital investment and the number of years that were forgiven at the front end logically the bigger the investment the longer it takes to get a return on investment the more the corporation is looking for for assistance from the community in the early years and years are we found covidien forty seven million dollar investment three years at one hundred percent wanted ninety five percent that's five percent different than us were for you that one hundred title valves in controls twenty two million dollar investment three years one hundred percent one year and ninety percent that's a ten percent different from us horizon beverage forty three million dollar investment by the corporation for years at one hundred percent same as  quest gnostics seventy seven million dollar investment two years at one hundred percent two years and ninety percent twenty percent different than us the point is by going over this is that if that were recommending is not marginally any different than these these are new these are actual tips that have been granted certified by animal b d and are currently in place and for those were used in mansfield as i mentioned earlier to help populate or retain businesses in its industrial park so you can see once we looked at the margin investment to for to tax forgiveness then we looked at what was typical for tips in our area we found was that this was a very typical typical tiff is it slightly higher than the average of these yet is by about four five percent so if we took four five percent of this deal back would it amount to a lot of money for the town it be the sort of signal that is exactly what we don't want to communicate to inventors yes and again as i think representative darrell said do we really want to be playing that game in two thousand and thirteen with this economy do we really want to be the public officials that don't recommend in favor of this or taxpayers who don't vote for it and find out after we rolled the dice that they did decide to leave because we didn't do this given what we're going to receive it is simply not intelligent to take that risk it is just not and that's while we do that other communities and noticeably mansfield has had such great success with it so that was our logic mr chairman and i hope that answers some of the concerns that were asked  thank you kevin so i did my best to kind of consolidate the questions that were brought up and you have certainly heard the different people speaking so it at this point if there's nobody else in the audience i'll open it up for the board for discussion so i put things in lincoln stands for myself figure it out so as i'm looking through this i'm seeing ok my house needs a coat of paint my house needs basically what immense is doing they've been there for a hundred and four years and it's about time they did some house cleaning and renovating and getting up to the joneses let's say so they're going to continue to pay their taxes that they've always paid and we will start seeing revenue little bits of it in four years right it's not for years or five five years  on the fifth year and the video will start seeing increases of the taxes coming back to the folks in town but i think it's also going to encourage people to  become employees of the company so therefore they'll be friendlier those people will be spending more money at the gas stations at you know long lines at the dry cleaner as at omega taking hotel rooms and things like that so even the number that they presented for the you know the economic impact that they currently have that's going to go up to so if the bottom line is right now the annual average tax relief that we're giving them is one hundred twenty five thousand dollars i town itself is going to i spoke to a couple of the people on the committee i called them on my own to ask questions and i think one of the things that we have to stress is that even though the first four years the even the with that one hundred percent the basic taxes are still going to be paid i think that's something that the townspeople have to realize we will still be getting  really need to be modernized and the money from the tiff that there will be investing will be used to modernize those buildings so that they can you know bring people in and  when i talk to when i talk to the the fifteen members i said you know i have to make a decision on this and this is a decision that the boss selectman have to make and what in making the decision we're making a recommendation  the town town meeting for their vote and my question to them was if i if if i ok this am i going to be to sleep at night and i'm going to sleep at night for the next fifteen years to know that my decision was a good one for the town foxborough and they both said yes and i and i was kind of leaning toward that that anyway but it was a validation of my thoughts in allowing a company to remain here but to invest in this town and i think that's very important we have to welcome investment in the town of foxborough so i will be voting in the firm thinks i also spoke to a number of members of the committee and i think one of the concerns that i hear being raised is by granting a to what does that do to future and future developer's efforts in town and i think you know hearing that each tiffs stands on its learning that each to stands on its own and is evaluated individually i think that's a very important factor for us to consider as we make the decision i think the thing that really stands out that i learned is just you know the importance of manufacturing in manufacturing in a in as a business in a community that's exactly the type of business that we would like to see stay in foxborough or come to foxboro so that's different from many other types of businesses that could potentially be developed so i think that's very important for us to consider too and especially you know given the hundred year history of the in foxborough slash invensys company in our town that's important to our future and we need to you know maintain that relationship and keep that business viable because it just keeps the rest of our town viable the whole downtown like linda was saying you know so much depends on all of all of that revenue that's brought into our town by your employees so for those three reasons you know i would vote to support the tiff i just want to make one other suggestion i did speak to one member who said it was just so in lightning to see your facility and see exactly what you do and i was wondering if at some point we could come for two or maybe invite the advisory committee who will also be you know i'm weighing in on this decision for the town i think it usual he does a great job he's an influential person the town friend and i what every says they take into consideration that is one thing we're all missing here it's not the first time to pop tunes come t that's rooted in our in our society which families involved there are families in this town that have been here for generations that still work as community and i think this is one of the most important decisions of of us had to make on the board i really do it because you know talking about his money which everybody is talking about people give the located when decisions like this from the executive board of the town select makes a decision like this in a negative people and families get up rooted they get moved they relocate children are taken away from our children by the school system if we look at and it's happening it's happening to a former board member right now because he lost his job and he's moving his children to new york  it's life altering i can't see how you would take a company like this and you talk about taxation the taxation these families pay in this town the volunteers in these pm be doing this town and every other thing coaches basketball coaches softball whatever scouts whatever they're all integrated into the community and i just see that aspect to me being the most important because what we decided to change is the impact of families decisions to place so but this is the biggest one i mean and there's no guarantee that corporate investors from england i believe says ok we like the four we'll deal when you go there a town fought but working with another entity to bring that to fruition which has been obviously very successful and i think is the executive board to talk to the future not only that's us or  so much for the proposal but more for the process it came to us in a difficult time because we're trying to get a warrant together we're trying to do the budget and it came kind of the umbrella that everyone loves invensys because you do the things that you do to the community things like i was skeptical that was going to get a skeptical i on it i got to say the seven people when we appointed them i think they did a very good job i was impressed with the pack and seem like they work very hard i do a lot of respect for mr spinney is work as well known in the in the advisory committee circles so i don't know the numbers as he does but what i in my profession what i do know is i've done a lot of work with tift type projects that when they fail we go and we put housing and that development for that area i would see another office type development being very difficult to go in there and retrofit it in a mill type project like that may be a very good incentive for housing in the future is should things go bad so you know it's a gamble that i think we all take i don't know if it's the best to for the worst if it seems like it's somewhere in the middle  but it does make a lot of sense to me from someone jeopardy to trust to jobs to a little bit of everything like big concern was you know the risk of it and the president that it sets for anyone else that comes in and i think those we're address verbal e and i think it's addressed in statute that we do have the ability to say no if the equation is not right so i'm in favor of this and i think the board has not the board we can do much other than listening but the committee that put it together and i also reached out to a lot of the people from the chamber of commerce to representative barrows to mr todd to people over the months and looked at it other towns and  find very few negatives other than it's something a little different and i think that makes people nervous sometimes and i agree with mark we've done it in the past where they want to call it payment lower taxes were different mitigation to get to the same place so i'm also in favor of this to remind everybody this this is going to town meeting between now and then it has to go in front of the advisory committee in did you say you're going to do an open house over at your property as well yes we're actually planning on having a session on thursday april twenty  us updated on that that would be fantastic so any more discussion from the board the town council has prepared a motion we're not obligated to it but if someone wanted to read my motion i was prepared section three d and approved the submission of an application for approval of the invensys e o ed to the massachusetts economic assistance coordinating council second motion made second question of the motion all those in favor motion carries five zero we have a motion move to recommend that time meaning approve a proposed fifteen year old year tax motion maybelle and a second by lorraine discussion on the motion for those in favor and i watching kerry's five zero i'd just like to take the opportunity to thank invensys for bringing a proposal to the town very good discussion for the invensys to if i'm going to take one item out of out of order from the action items we have the and i apologize that in no the person was here a lot of people don't come for the appointments but if you can go to the action item list on number one request for appointment to the disability commission for the term expiring on may first two thousand and thirteen for the following cherie barrett and patricia flowers i l to have two well qualified volunteer applicants to the commission on disability let me just say that we were limited to seven in our old bylaws but at a town meeting article lang it which was overwhelmingly approved at town meeting we are our commission is now in line with the massachusetts general law chapter forty section eight j and part of that is that the members of the committee are no less than five and no no less than five and no more than nine members so in their health and training department and she cared for her sister who was disabled for many years and she's very familiar with the american disabilities act miss barrett has been working for the commonwealth of massachusetts different department of developmental services she's also trained p n and at present as been recently diagnosed with muscular dystrophy and she's waging a brave fight against this horrible disease so we would appreciate i think you have there applications and we would appreciate you appointing them to our commission and i understand that it will be up may first when all of our  motion made it seconded further discussion all those in favor motion carries five zero in his or a motion for patricia flowers elevates i move that we appoint patricia flowers elevates to the fox for commission on disability second ok there's a number i don't number two requests for a license for an additional vehicle one east for east coast limousine service fell through december thirty first two thousand and thirteen development finance authority to a five year term expiring april first two thousand and eighteen so my second motion made a second a further discussion very close in favor of motion carries five zero late so it was requested to either put it off till next week or if we go a little further in carry on a little later and just get these done tonight preference we need to get this done for we've got  that's just because i wanted to have the try to rector here tonight we do that one and i didn't want to try to guess when this was all going to get on with so it's not removed that that's going to be next week ok just sixteenth article seventy seven is the  firefighter one and that's going to be a dismissed pass over whatever the the motion is because it's not ready no action you can take a motion if you want yeah let's do that if the if i bond to recommend in favor of these article statute provides that so i think you can go ahead and vote to recommend both and the only thing that would change that is if for some reason they don't ratify it in which case she can let you know and you can change your vote later because then it would be no action it's we haven't been able to started yet if by some miracle we open a go she asians and wrap it up very quickly and i get that done by mid april to give you in the odd calm time to considerate then sure i'd bring it back to you but i'm not optimistic it's motion it was made for no action seconded any more discussion of those in favor motion carries five zero eleven is a procedural motion i think you may be familiar with it it's just account borne article pretty routine just note there is one new revolving account the conservation commission when the property i'm writing a new r of p for them increasing the rents up to what the statute requires we're going to take the marginal increase and we're going to put it in a revolving account for building maintenance because we have no funding for building maintenance of those too over on the wreck side that one post we've got rental income in excess of eighteen thousand so anything over eighteen comes to this final wreck because the eighteen is what they're collecting now and that's already factored into the revenue expense forecast so it's whatever we get over that eighteen we're estimating it around ten we think it's pretty conservative places openness and capital the three places yes one hundred fifty thousand and this will get our fund balance one of the ratios i forget which one it is but he gets it back to five percent which is what we told the bonney agencies would be doing an article fourteen of emotion motion to prove article fourteen funny stabilization for hundred fifty thousand dollars motion made in second that linda and more discussion of those in favor of motion carries five zero for article fourteen article fifteen is a person i buy a lot recommended changes these are both procedural changes  those in favor of motion carries five zero article sixteen sixteen is just resending a surplus bond authorization if we don't actually was simba surplus so we carried on our balance sheet and it article eighteen this stretch energy code by law it's i don't know how deeply you want to get into this or you want to defer to another night kind of up to you can go either way but this is the last step we need to become a so called green community or energy conserving conserving community gets us about off somewhere between one hundred sixty eight hundred eighty thousand dollars grant which we can then use for retrofitting energy repairs and village and street lights  and save whatever that creates so this is the last step to that i get into in a lot more detail but i know you don't want to do that tonight so if you want to discuss it more my suggestion is chairman put it off till next week you know i'll  bring some other folks in no each no pieces of this i do have a lot of discussion so i would put it over to another yeah that kevin added no if you go in there's a lot of discussion that's been going about this and lot of people have been talking in this a lot motion that we approve out of go eighteen with the correction twenty eight twenty yes yes so i that it says for a period of fifteen years that's a section ok we've also have there's nobody else here for any other items right kevin comminges performance review kevin you had put fifteen or so minutes on the and fortunately the format of an excel spreadsheet doesn't give you any room to really tell you much of anything except sort of here's where it is so i did a narrative which is there and i don't think you have it because  it doing it but you want to just do some quick highlights right well or what i wanted to do was as you know kevin's contract requires review and it's tied to goals and objectives i thought it was important to get his review before april thirtieth because last year what happened was there was a new board members that came in and there was an issue of the past member couldn't speak as he wasn't on the board and then the new member was speaking but didn't have any longevity in basis because they were on the board last year so it was important me to get this done by able thirtieth so this is on the agenda for april sixteenth for our review i had asked lorraine to put together per his contract the different items and we're going to raid a narrative leigh and one through five and then when i put them together and at the end of the exercise it it's almost like he's going to have an a b c or d and that's part of his contract to do that when i ask kevin to do is give us his self review let us review that in our heads for two weeks with it between now in two weeks from now make some time with kevin have coffee with him go to his office  any questions or you review that you want to do independently with kevin do that get the results back to loraine will compile and then we'll present in two weeks to our findings so this is an opportunity for kevin to give his kind of his self review so we can listen to it i'm not expecting a lot of comments back and forth but just so we can hear it and have that i mind the make sense everybody you know yes from us and the stealer tronic lee and we'll put a paper copy  in here for you to pick up so i did this self review remarkably i didn't find anything wrong with my performance it's all good i don't know how i'm two weeks i'm working on the bad things it'll take me a month or two so i you know may not get it back in time so what i really want to say to the board is you know when you read this you know it kind of speaks for itself it's very important that everybody understand i don't do anything alone everything that gets accomplished around here is a composite of a whole bunch of people's work so it's very hard for me to write a doctrine that says here's what i did in fact i think in this whole five pages you going to see the word i once maybe twice because that's not how it gets done and i'm not going to sit here and be ridiculous and absurd and try to tie up i did all these things i didn't want to will tell you is that we collectively when i say we i mean all the department heads first and foremost because that's your brain trust that manages this community on a day to day basis and which does all this work from our live it i'm going to talk to you about it but in addition and without blowing as you know this board the ad com and all the all the boards and committees town council everybody contributes the what this document talks about i'm proud of my part in it obviously and i'm proud of what we've collectively accomplished but this is much more frankly an indication of what we've done collectively than it is what i've done personally and i you know in fairness i think that's the way you should look at it you know here's what we did what was my role in some and some of the stuff and you know that so the planning you know we put an awful lot of pressure on national grid they made a lot of repairs and while the success we've had the last couple storms is not one hundred percent attributable to the efforts of humans a lot of it is good fortune none the less it is the case then the last two storms no one in this town lost electricity some of that's the weather no doubt about it  but lot of it is what we did collectively to make sure that the situation we put up with last summer and never happen again that is not an accident that is absolutely by design and on national good would not have done what they did were it not for the collect the work that we all did to financial stability enormously proud of where it where this community is we are we were one of thirteen last year i don't know how many they'll be this year that did not levy the maximum on a taxes that prop two and a half allows us to the end of the day what we did last year was we leveed it but then we took that amount off the tax exempt bond that we were doing for the library so the tax payers got it back but we want to only thirteen towns in the state that were able to do that that's an exceptionally significant accomplishment that is is an accomplishment that's enjoyed by all the department heads the work they do in a day to day basis is really phenomenal i gave you a bunch of highlights probably more than anything else one of the single biggest reason is because the work we've done with employee health insurance we the savings nine that's not yet doing that that's going to be preliminarily looks like another five or six or seven or eight thousand dollars in the way you can tell at this work is happening is the composite three year average increase in our health insurance premiums been four percent now i don't think you find another community that can both sound record that has generate tremendous surpluses on in terms of what the budget would have gone up to and that's the single biggest reason why we've had these these good things happen in a lot of other things we've got that over time program going on fire departments get the ambulance receives that we increase to allowing us to transfer a half a million dollars out of ambulance receipts right into the fire budget we no longer buy apparatus ambulances fire trucks taxpayers don't have to pay for many more all paid by a the regional sewer funding planned for years the single biggest debate in this community was about whether or not the craft organization all the town money we had that debate and it was pretty rancorous and at times very divisive and it was unfortunate but the reality that we finally accomplish now is we don't need to have that argument anymore because we found another way to fund our participation in the regional sort of plan we all know but that plan jenny has been  me and we've had a discussion on it it is complicated no doubt about it but it makes a clear path to our participation in the regional so a plan a side benefit of the fact that we don't have to have that debate with our biggest business partner anymore we can now have a relationship with them which is based on when we were not independent relationship we're not going there there had in hand we can now see them as equal partners and a lot of good things are beginning to happen and i think as the months on fold in the next year or two you're going to see more and more very good things happen because now we finally are getting back to where we were a few years ago where our relationship is one of mutual benefit as business partners  money being you know the party that kind of is dependent overly on the other those are two separate accomplishments which again collectively we've done but i think it's enormously important economic development we just did as a great thing tonight i think we're doing a lot of good things up on route one you've heard some of the plans a new hotel we're getting close to regularizing an agreement on a new agreement on the billboard's which i thi us for many years and which will produce very important revenue for the town and we've got this new economic development initiative that i sent you member want a few weeks ago they were about to launch we're going to try to get our  technology score high we've got the availability of sewerage for the first time and as news of that gets out and we begin to actually aggressively market the town i think you're going to see a tremendous amount of business development occurring we've already  got some significant achievements in that area unfortunately i can't talk about them publicly yet because the businesses don't want it publicly announced yet but you're going to hear some announcements in the next couple months at a good news personnel management we've done a lot of work there in terms of building systems you know we've now built a nonunion pay plan shortly while we will be system updated and while it is never pleasant as i say in here the flip side of paying employees good wages and good benefits is holding them accountable and in the past  two years i have engaged in a lot of let's call it employee accountability meaning had occasion to discipline employees where it was needed and i'm very happy with the fact that would two hundred odd employees it's only needed to be done six or seven or eight times but it has been done and there have been unfortunately a few employees separations now that doesn't get talked about much it doesn't get discussed here much i don't herald it i don't like doing it frankly i view it as the most unfortunate part of my job but i mention it to you and i mention it to the public lest the impression be government doesn't hold people accountable oh yes we do and believe me we do it in a very significant way i'm not at liberty to discuss all the details but i am at liberty to tell you basically what we're doing and in that report that i've given you that spreadsheet you'll see some very very specific statistics on things that we're engaged in this year for public safety on a lot of good work is taking place right now we've completed an analysis on liquor calls to patriot place that report is being drafted as we speak the spreadsheets are all done the report the narratives being drafted i hope to have that back to you in a week or two we've begun discussions with the craft organization about some very significant moves up at patriot place and i'm credibly encouraged by what of the discussions on hoping what i hope they'll yield we did a compliance check this year and ended up in i think six or seven hearings i hope the board took note of the fact that rather than have extremely lengthy two to four hour hearings which is what we used to do you now typically have a half hour hearing where we've already got essential the a plea bargain arranged where there's significant punishment given a very balanced restitution offered to the community we can't demand it but we are routinely now having counts special counsel bills paid and gifts offered to the town of substantial value in the tens of thousands for police department training all that's new that's never happened before and  chief and i are very proud of what's been happening in that area bottom line at the end of the day what we're hoping is it will make in the streets safer for people to travel on particularly when the drinking establishments get out at night and i give the majority  the credit for that to the chief has done an outstanding job with that regional services we've really been a leader in an area we obtain one hundred thousand dollars grant to do a feasibility study with our partners  norwood medfield and walpole for regional public safety dispatch that study is well underway it'll produce a final report some time early this summer and i believe that will be then on to the design phase and the actual construction i'm hoping next year we'll see if it happens quite that quickly we formed a regional veterans service organization this town when i was in a leadership position and i'm very very proud of the fact that while our veterans community was initially very skeptical about this through some very hard work that mike jones and others did we now have tremendous support in the veterans community what the regional district is doing  and in fact with the retirement of the initial director the fox four resident my johns is now the regional director and you know all is going pretty well with that and finally we continue to work on the regional sewer agreement and we continue to participate in a southeast service south east regional services group a consortium that represents over fifteen cities and towns purchasing a huge variety of supplies paper bitumen  concrete rock solid and our savings is in excess of one hundred thousand a year compared to what we would get those prices down and we do check it on a regular basis d p w i think you're all aware that we've made major advancements in that area the most important and most significant advances in that area are not the clerical staff that would reduce from six to four saving two full time positions nor is it the twelve to fifteen thousand a year that we now save in snowplowing by virtue of putting our own drivers in our own trucks versus hiring very expensive contract plows those the small things in my estimation good things but small things the real anymore because it's all coordinated we can now control the town's entire water system the entire want a system phone and i phone the want to superintendent to control the levels the feel rates everything from the telephone is we have escaped a control system we now have an inventory on all town roads and you may have heard the governor just proposed a major grant program to give cities and towns the money to create pavan management systems were already there unfortunately i'll see if i get a grant retroactive thanks for already there but the fact that the state is now providing major money for that tells you that a lot most towns aren't even close to where we are and all that  paid our special counsel bill and they also turned over to us thirty to fifty thousand dollars worth of free engineering soil borings surveys whole variety of stuff we are writing a new our of people quest for proposals right now armed with this really sophisticated engineering we think we're going to get much much better on point beds and probably the summer some time will be end of the permitting process we may get lucky and start construction in the fall more than likely w in structure in the spring of next year but i think we'll have a much better dissipate than the revenue to the town while i don't want to prematurely estimated i will tell you will be in the multi hundreds of thousands of dollars multi hundreds of thousands is going to be a very big deal of the time and we're doing a lot of other small of things in the area of energy conservation and that on only a couple of breaths is the highlights mr  where public board we can't do it in private it has to be in public and as sometimes as uncomfortable as it is i think we owe it to the public for them to hear it in and by statute we have to do it what we're going to do during the week from last year we came up with twenty goals and objectives which kevin kind of summarized here this was his his opportunity to presented to us we do those goals and objectives and you have the spreadsheet each of those goals are categorized in this category to be a category categories of supervision leadership execution of policy community relations economic development so you'll see those goals and objectives on each one of those categories so if we could meet with kevin have some robust discussions during the week i'll send out an e mail on some dates that we're expecting something back so we can compile it and then we'll present it what i did last year again it was after the previous chairman left i put them all together everyone's going to see what everyone writes after the fact but what we're going to present is a summary so we're not going to hear five versions of what everyone thinks of kevin good the bad the ugly it's going to be one summary and as a board we're going to rate him so that's what you're going to see with our collective ones and that's going to be in kevin's on record and it's part of kevin's file as well and he questions on the review i'll send out the electronic version to you tomorrow and the hard copy and you'll send email that yes i will