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VOTE OF THF; BOARD OF SELECTMEN
<br />1, the Clerk of the Board of Selectmen of the Town ofMashpee, Massachusetts (the
<br />"Town"), certify that at a meeting of the board held April 11, 2016, of which meeting all
<br />members of the board were duly notified and at which a quorum was present, the following votes
<br />were unanimously passed, all of which appear upon the official record of the board in my
<br />custody:
<br />Voted: That in order to reduce interest costs, the Treasurer is authorized to issue
<br />refunding bonds, at one time or from time to time, pursuant to Chapter 44, Section 21A
<br />of the General Laws, or pursuant to any other enabling authority, to refund all of the
<br />Town's (i) $8,810,000 General Obligation Bonds dated September 15, 2006 maturing on
<br />and after September 15, 2017, and (ii) $4,865,000 General Obligation Municipal Purpose
<br />Loan of 2008 Bonds dated August 15, 2008 maturing on and after August 15, 2019
<br />(collectively, the "Refunded Bonds") and that the proceeds of any refunding bonds issued
<br />pursuant to this vote shall be used to pay the principal, redemption premium and interest
<br />on the Refunded Bonds and costs of issuance of the refunding bonds.
<br />Further Voted: that the sale of the $5,305,000 General Obligation Refunding
<br />Bonds of the Town dated April 20, 2016 (the `Bonds"), to UBS Financial Services Inc. at
<br />the price of $5,531,101.30 and accrued interest is hereby approved and confirmed. The
<br />Bonds shall be payable on August 15 of the years and in the principal amounts and bear
<br />interest at the respective rates, as follows:
<br />Further Voted: that in connection with the marketing and sale of the Bonds, the
<br />preparation and distribution of a Notice of Sale and Preliminary Official Statement dated
<br />April 1, 2016, and a final Official Statement dated April 7, 2016 (the "Official
<br />Statement"), each in such form as may be approved by the Town Treasurer, be and
<br />hereby are ratified, confirmed, approved and adopted.
<br />Interest
<br />Interest
<br />Year
<br />Amount
<br />_ Rate
<br />Year
<br />Amount
<br />Rate
<br />2016
<br />$ 70,000
<br />2.00%
<br />2022
<br />$605,000 "
<br />2,00%
<br />2017
<br />450,000
<br />2.00
<br />2023
<br />585,000
<br />2.00
<br />2018
<br />440,000
<br />2.00
<br />2024
<br />490,000
<br />2.00
<br />2019
<br />655,000
<br />2.00
<br />2025
<br />450,000
<br />2.00
<br />2020
<br />640,000
<br />2.00
<br />2026
<br />205,000
<br />2.00
<br />2021
<br />615,000
<br />2.00
<br />2027
<br />100,000
<br />2.00
<br />Further Voted: that in connection with the marketing and sale of the Bonds, the
<br />preparation and distribution of a Notice of Sale and Preliminary Official Statement dated
<br />April 1, 2016, and a final Official Statement dated April 7, 2016 (the "Official
<br />Statement"), each in such form as may be approved by the Town Treasurer, be and
<br />hereby are ratified, confirmed, approved and adopted.
<br />
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