Concerned about economy and liability, finance board members quit

FALLS VILLAGE — Three members of the six-member Board of Finance resigned last week: Fred Petersen, Denise Cohn and Stephen Koshland.

Petersen and Cohn sent letters to Town Clerk Mary Palmer dated Oct. 15 and 16, respectively; Koshland sent an e-mail Oct. 16, followed by a letter Oct. 20.

First Selectman Patricia Mechare had no comment on the resignations themselves, other than to acknowledge she was aware of the situation.

"It would be inappropriate for me to comment on why somebody resigned," she said.

When asked if this is a dispute between the boards of finance and selectmen, she said, "Not as far as I know."

The problem apparently arose after auditor Lyn Meyers of Danbury presented the audit for the fiscal year ending June 30, 2008. On page 27, a section warns generally that the economy is bad and that towns should be sure their funds are protected.

Myers would not comment on the situation.

Board of Finance Chairman Charles Lemmen, who was ill and not present when the board members decided to resign, said that the board asked Town Treasurer Linda Paviol to negotiate pledge agreements with some of the banks where the town has deposits, agreements designed to protect municipal funds.Paviol confirmed she is working on the matter and will report to the Board of Finance on Monday, Nov. 10.

One person familiar with town finances said that the three banks are Salisbury Bank and Trust, National Iron Bank and Torrington Savings Bank and that there are agreements in place with two of the banks."That’s settled," said Lemmen.

He added that some of the former board members were concerned that, in the event of financial calamity, their own personal finances might be at risk, and that at least one resignee felt the first selectman should be handling the negotiations.

"Pat [Mechare] has no obligation in this," said Lemmen. "This is the job of the town treasurer."

Mechare said the regular, elected members of the Board of Finance will be replaced by that board; there are two alternates to the board, and a third spot is vacant. The Board of Selectmen will appoint new alternates. Asked if it would require a special meeting of the selectmen, Mechare said "It could, or it could be on the agenda for the regular November meeting."

Board of Finance terms last six years and are staggered. Petersen was acting chairman of the board’s last meeting, Oct. 6, during Lemmen’s illness.

Latest News

Love is in the atmosphere

Author Anne Lamott

Sam Lamott

On Tuesday, April 9, The Bardavon 1869 Opera House in Poughkeepsie was the setting for a talk between Elizabeth Lesser and Anne Lamott, with the focus on Lamott’s newest book, “Somehow: Thoughts on Love.”

A best-selling novelist, Lamott shared her thoughts about the book, about life’s learning experiences, as well as laughs with the audience. Lesser, an author and co-founder of the Omega Institute in Rhinebeck, interviewed Lamott in a conversation-like setting that allowed watchers to feel as if they were chatting with her over a coffee table.

Keep ReadingShow less
Reading between the lines in historic samplers

Alexandra Peter's collection of historic samplers includes items from the family of "The House of the Seven Gables" author Nathaniel Hawthorne.

Cynthia Hochswender

The home in Sharon that Alexandra Peters and her husband, Fred, have owned for the past 20 years feels like a mini museum. As you walk through the downstairs rooms, you’ll see dozens of examples from her needlework sampler collection. Some are simple and crude, others are sophisticated and complex. Some are framed, some lie loose on the dining table.

Many of them have museum cards, explaining where those samplers came from and why they are important.

Keep ReadingShow less