05/07/2018 Special Town Meeting - Laserfiche WebLink

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Explanation: This article is necessary to fund previous fiscal year unpaid compensation in order to meet the Town's contractual obligations. The Board of Selectmen recommends approval of Article 4 by a vote of 5-0. The Finance Committee recommends approval of Article 4 by a vote of 6-0. Motion made by Selectman John Cahalane. Motion: I move the Town vote to appropriate and transfer the sum of $675.35 from revenue available for appropriation to the prior year salary account for allocation as specified in Article 4. Motion passes unanimously at 7:14 PM. Article 5 To see if the Town will appropriate and transfer pursuant to the provisions of M.G.L. C. 44B, §6 to reserve from the Community Preservation Fund Budgeted for Appropriation Reserve, the following amounts: $5,504 10% Open Space/Recreation Purposes $5,504 10% for Historic Purposes $5,504 10% for Community Housing Purposes or take any other action relating thereto. Submitted by the Community Preservation Committee Explanation: This is a "clean-up" article to meet the requirement of reserving funds from the supplemental CPA FY 2018 Trust Fund distribution. The amount of FY 2018 CPA state reimbursement received by the Town of Mashpee was $55,038 higher than the initial estimate. We are required to set aside 10% of those excess funds and deposit them into each of the CPA reserves. Funding shall derive from the Community Preservation Budgeted for Appropriation Reserve. The Board of Selectmen recommends approval of Article 5 by a vote of 5-0. The Finance Committee recommends approval of Article 5 by a vote of 6-0. Motion made by Selectman Andrew Gottlieb. 3