Also on the agenda:
• A recommendation to establish a formal policy requiring the town to maintain a reserve adequate to fund six months of normal operations. The town's current reserves of $2.1 million would fund nearly seven months of the projected $3.7 million in expenses for the budget year that ends June 30, 2012.
• Increase by 2.8 percent the monthly retainer for Spangle Associates, the Menlo Park firm that provides planning services to the town. Using the consumer price index, the town would boost the retainer to $7,091 per month.
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