741 Colonel Ledyard Highway

Ledyard, Connecticut 06339

TOWN OF LEDYARD

Finance Committee

Meeting Minutes

Chairman Gary St. Vil

Regular Meeting

Wednesday, January 7, 2026

5:00 PM

Town Hall Annex Building - Hybrid

Format

In -Person : Council Chambers, Town Hall Annex Building

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CALL TO ORDER

ROLL CALL

II.

APPROVAL OF MINUTES

VIII. OLD BUSINESS

IX.

NEW BUSINESS

**ADD ON**

DISCLAIMER: Although we try to be timely and accurate these are not official records of the

Town.

III.

IV.

RESIDENTS & PROPERTY OWNERS COMMENTS

PRESENTATIONS / INFORMATIONAL ITEMS

III.

IV.

Financial Reports - Fiscal Year 2025-2026

VII.

Vi.

Finance Director’s Report - Fiscal Year 2025-2026

Discussion regarding potential uses for the funding received from the National Opioid

Settlement Payments.

Discussion scheduling Regular Quarterly Joint Finance Committee Meetings between the

Town Council and Board of Education.

Continued discussion regarding upcoming potential Grant Opportunities.

Any Old Business proper to come before the Committee.

MOTION to authorize the expenditure of $4,645 for the purpose of removing firefighting

foam and cleaning the foam system on Gales Ferry Engine 21.

MOTION to appropriate and transfer $157,133 from Account #10188210-59300

(Transferred Funds) to Account #22570101-58250 (BOE CNR Reserve Fund);

In addition, appropriate $157,133 to Account #225670101-58250 (BOE CNR Reserve Fund)

..end.

MOTION to cancel “Resolution Creating a Funding Mechanism for Making Annual

Appropriations to a Capital Reserve Fund for the Board of Education” adopted on September

28, 1988.

MOTION to authorize the Mayor to issue a “Letter of Commitment” to Avalonia Land

Conservancy, Inc., in response to their request of $98,000 from Account

#210-101210-12101-58920 (Open Space Fund) to provide financial support/town share with

the acquisition of 173-175 Stoddard’s Wharf Road, 30.30+/- acres of Open Space; to be

payable to Avalonia Land Conservancy, Inc, Seller or closing law firm at the time of the

closing.

MOTION to authorize the Mayor to issue a “Letter of Commitment” to Avalonia Land

Conservancy, Inc., in response to their request of $80,000 from Account

#210-101210-12101-58920 (Open Space Fund) to provide financial support/town share with

the acquisition of acquire1069 Colonel Ledyard Highway; 20.23 +/- acres of Open Space to

be payable to Avalonia Land Conservancy, Inc, Seller or closing law firm at the time of the

closing.