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Selectmen to acquire the fee ownership on, over and under the road as defined <br /> on said plan by purchase, gift or eminent domain, and further, that the Town <br /> vote to authorize and empower the Board of Selectment to discontinue that part <br /> of Pimilico Pond Road which is shown on the aforementioned plan and marked "to <br /> be abandoned" . <br /> PLANNING BOARD REPORT: 5-0 IN FAVOR <br /> MOTION CARRIES. . . . . . . . .UNANIMOUS. . . . . . . . . . . . . . . . . . . . . . 10 : 10 P.M. <br /> Article 12 : <br /> To see if the Town will vote to approve the annual regional school district <br /> budget for the Cape Cod Regional Technical High School District for the fiscal <br /> year beginning July 1 , 1992, in the amount of $5,767,053, and further, to see <br /> if the Town will vote to raise and appropriate $334,016 to meet its share of <br /> the cost of operation and maintenance of the Cape Cod Regional Technical High <br /> School District for the fiscal year beginning July 1 , 1992. <br /> Submitted by Treasurer <br /> Explanation: Mashpee' s share of the Regional School budget is $334,016. <br /> There are 44 students from Mashpee at the Technical High School . <br /> Recommendation: The Finance Committee recommends approval. <br /> Motion: Motion Article 12 be voted as printed; to raise and appropriate <br /> $334,016. <br /> MOTION CARRIES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 :11 P.M. <br /> Article 13 : <br /> To see if the Town will vote to adopt a maximum qualifying gross receipt <br /> amount of $40,000 for the purposes of Chapter 59 Section 5 Clause forty-first <br /> A of the Massachusetts General Laws. <br /> Submitted by Board of Assessors <br /> Explanation: If accepted this article will increase the maximum allowable <br /> income for receipts of a so called "41A tax referrals" from $20,000 to <br /> $40,000. The 41A deferral allows taxpayers age 65 and older to defer payment <br /> of all or a portion of their taxes with some restrictions until the property <br /> is sold. The Board of Assessors are obliged to grant such exemption provided <br /> that the owner has entered into a tax deferral and recovery agreement with the <br /> Board of Assessors on behalf of the Town. Upon sale of the property the <br /> deferred taxes are paid with interest and expenses added. <br /> Recommendation: The Finance Committee will make a recommendation at Town <br /> Meeting. <br />