5/4/2009 BOARD OF SELECTMEN Executive Session

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s r, L the Clerk of the Board ofSelectmen oft Town Of Mashpee, Massachusetts, certify that at a meeting of the board held April 13, 2009., of which meeting all members of the board were duly notified and at which a quorum w s present, the following vote was passed, li off` which appears upon the official record of the board in my custody: VOTED: (I That the Town shall issue a bond or bonds in an aggregate principal amount not to exceed$190,225 (the"Bonds")pursuant to Chapters 29C and 44 of the General Laws and a vote of the Town passed at the 1999 Annual Town Meeting (Article'16) to replace the prepaid portion of the Town's $357,541 General Obligation Replacement Sewer Bond dated July 24, 2003 originally issued to replace the prepaid portion of the Town's $405,140 General Obligation Sewer Bond dated June 13, 2001, all of which were issued to the Massachusetts water Pollution Abatement Trust (the `Trust") for the construction of severs and other water pollution control facilities project identified in such vote (the "Project (2) that each Bond shall be issued as a single registered security, and sold to the Trust at a price determined pursuant to the Loan Agreement; (3) that the Treasurer is authorized to determine the date, the f rnn,the rna=urn interest rate and the principal maturities of each Bond, and to execute a Loan Agreement with the Trust with respect to the sale of the Bonds, such date, form and maturities and the specificinterest rate or rates f the Bonds to be approved by a majority ofthe Board of Selectmen'and the Treasurer as evidenced by their execution of the Bonds; (4) that all action taken to date by the Town and its officers and agents t carry out i. 'Project and its financing, including the execution of any loan commitment or agreement by-the Treasurer, are hereby ratified, approved and conf=ed; and (5) that the Treasurer and the other appropriate Town officials are each hereby authorized to take any and all actions necessary and convenient to carry out the provisions ofthis vote, including execution and delivery of the Loam Agreement and the Project Regulatory Agreement relating to the Prof ect. I further certify that the vote was adopted at a meeting open to the public, that no vote was taken by secret ballot, that notice-st ting the place, date and time of the meeting was filed with the Town Clerk and a copy thereof posted in the office of the Town Clerk or on the principal official bulletin board of the town at least 48 hours, including Saturdays but not Sundays and legal holidays, prior to the time of the meeting and remained so posted at the time of the meeting,that no deliberations or decision in connection with the sale of the Bonds were