Friends of Prescott Finances Are On Budget & Could Make A Small Profit
Thu, 05/21/2020 - 1:27pm Heraldgroton
Town Manager, Selectman Degen & FinCom’s Bud Robertson Assert Prescott’s Finances Are On Track
by Connie Sartini
Town Manager Mark Haddad said that he, Selectman Josh Degen, and Finance Committee Chairman Bud Robertson met with the Friends of Prescott to review their financials and operations. Haddad reported, “I am pleased to report that the Friends are on track to make their budget in year two of their lease and may even make a small profit.”
He added, “We reviewed the projections for year three of the lease (Sept 1, 2020 through Aug 31 2021) and if the Town approves the sprinkler system, they have a good possibility of making their budget in year three as well.” There is a Spring Town Meeting warrant article from the Community Preservation Committee for an additional $150,000 for the Prescott School sprinkler project. Haddad said that the Friends need the sprinkler to allow them to offer more programs.
Given that, Haddad said that the Board will need to amend the current lease with the Friends to allow them to use the second floor of the building. Currently, the lease only authorizes them to use the basement and first floor.
Select Board member John Giger pointed out that the Friends of Prescott Business Plan did not include use of the second floor.
“We are spending money on this and the second floor is not ADA compliant. There are only stairs to reach the second floor. This is not going to solve everything.”
Haddad said that it would be the Board’s decision on whether or not to open the second floor of the School to the Friends of Prescott.
Haddad advised the Select Board that there is an issue that has arisen with regard to the successful bidder for the fire suppression sprinkler project for Prescott School.
Back in April, Xcel Fire Protection was awarded the Prescott School project based on their bid of $249,400. They were one of two bidders for the project, and Xcel came in with the lower bid. The only other bid was from Carlysle Engineering for $463,000. A town engineer reviewed both bids, and recommended the Xcel firm. One of the sub-contractors who was part of the Xcel bid to lay the water line into the building has withdrawn from the bid. Haddad said he is unsure what this means to the project until he has further information.
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