8/27/2002 FINANCE COMMITTEE Minutes

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Finance Committee Minutes August 27,2002 Page Three. of money to the Grenadier Lane Account and to raise said appropriation the Treasurer,with the approval of the Board of Selectmen,be authorized to borrow at one time,or from time to time,a sura of money under and pursuant to Chapter 44,Section 7 or 8 or any enabling authority and to issue bonds and notes of the Town therefore,and furkher,to see if the Town will vote to raise and appropriate and transfer from available funds a sum of money to the Grenadier Lane Account to provide interest and debt issuance expenses. Kathy Lynch made motion to disapprove,seconded by Fred Blythe. VOTED— - —Unanimous not to recommend Article 19: To see if the Town will accept the layout of those portions of Polaris Drive and Gemini Rd that aro within the boundaries of The Holland Mill subdivision,and Libra and Aries Lanes in their entirety,as public ways as shown on a plan entitled"Road Easement Taking Plan,Holland Mill Subdivision in Mashpee, Massachusetts(Barnstable County)"<dated December 13,2000 by the BSC Group,Inc.which layout shall have been filed in the Office of the'Town Clerk,not later than seven days prior to the date of the vote hereunder and to authorize the Board of Selectmen to acquire by gift,purchase,or eminent domain taken en any land necessary for the purposes of such ways as to laid out,and to raise and appropriate,transfer from available funds,or borrow a sum or sums for such purchase or taking including borrowing costs therefore, and to further authorize the ward of Selectmen to assess betterments to the owners of the land abutting the wags. Kathy Lynch made motion not to recommend,seconded by Fred Blythe. VOTED— -1 Arnold,Blythe,Cook,Lynch,Morgan—not to recommend Arden—recommend OTHERBUSINESS: Terrie Cook discussed Mormattion received from the Cable Advisory Committee Meeting. Unaudited there is approximately$185,000 in fund which has accumulated for three years. On an annual basis the Town receives$17,685,the school receives$3,500 and the slush feral receives %of basic cable subscriptions which is approximately$25,000 per quarter. It was agreed that the Finance Committee would ask for accounting of all accounts under Cablevision since its inception. FUTURE MEETING of FINANCE OMMITTEE: The Finance Committee will meet on Tuesday, September 24,2002,at 7:0 p.m.,m the Mashpee Town Hall. ADJOURNMENT: Motion made and seconded to adjourn the meeting at 8:1 o p.m. petfully u , an C.I,eomruro Board Secretary {