10/15/2018 Annual Town Meeting - Laserfiche WebLink

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Town of Mashpee Annual Town Meeting Mashpee High School Monday, October 15, 2018 Town Meeting opened at 7:28 PM Voters Present 589 Quorum 0 Barnstable, ss: Greetings to the Constables of the Town, In the name of the Commonwealth of Massachusetts, you are hereby directed to notify and summon the inhabitants of the Town of Mashpee who are qualified to vote in the elections to meet at the Mashpee High School on Monday, the 151hday of October 2018 at 7:00 p.m. for the following purposes: To act on the articles contained in the following Warrant. Article 1 To see if the Town will vote to appropriate and transfer the sum of$272,919.06 from the Street Betterment Reserved Receipts account to the Principal Inside 2 1/2 account, or take any other action relating thereto. Submitted by the Town Treasurer Explanation: This article is for the purpose of distributing the payments made for street betterments within 30 days of assessment. This transfer will reduce the amount of interest paid on the Bond when the remaining amount is bonded. The Board of Selectmen recommends Town Meeting approval by a vote of 4-0. The Finance Committee recommends Town Meeting approval by a vote of 5-0. Motion made by Selectman Carol Sherman. Motion: I move the Town vote to appropriate and transfer the sum of $272,919.06 from the Street Betterment Reserved Receipts account to the Principal Inside 2 �/z account. Motion passes unanimously at 7:33 PM. Article 2 To see if the Town will vote to appropriate and transfer from unexpended amounts previously borrowed by the Town for the various road projects listed below, but which are no longer needed to complete the projects for which they were borrowed, the sum of $15,223.27, to pay costs associated with said various road projects, or take any other action relating thereto. 1