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Motion made by Selectman John Cahalane. <br /> Motion: I move the Town vote to appropriate and transfer from revenue available for <br /> appropriation the sum of$66,350 to fund the Personnel Administration Plan (P.A.P.) Appendix <br /> B and Appendix C employees, including the Plumbing and Wiring Inspectors, and the Personal <br /> Service Contract for the Deputy Fire Chief, effective July 1, 2017, with said funds to be <br /> distributed to various salary line items by the Town Accountant. <br /> Motion passes unanimously at 7:55 PM. <br /> Article 12 <br /> To see if the Town will vote to appropriate and transfer the sum of $50,000 from revenue <br /> available for appropriation to the Other Postemployment Benefits Irrevocable Trust Fund, or take <br /> any other action relating thereto. <br /> Submitted by the Board of Selectmen <br /> Explanation: This article is to add funds to the OPEB Irrevocable Trust Fund which was <br /> established in FY 2013. This trust fund was established to assist the Town with meeting its <br /> potential post-employment benefits obligation. <br /> The Board of Selectmen recommend approval of Article 12 by a vote of 5-0. <br /> The Finance Committee recommend approval of Article 12 by a vote of 6-0. <br /> Motion made by Selectman Thomas O'Hara. <br /> Motion: I move the Town vote to appropriate and transfer the sum of $50,000 from revenue <br /> available for appropriation to the Other Postemployment Benefits Irrevocable Trust Fund. <br /> Motion passes unanimously at 7:56 PM. <br /> Article 13 <br /> To see if the Town will vote to establish a Capital Stabilization Fund in accordance with the <br /> provisions of General Law Chapter 40, Section 5B for purposes of funding Town capital <br /> expenses, including debt service and other related costs, and to appropriate and transfer the sum <br /> of$500,000 from revenue available for appropriation, to be deposited into said Fund, or take any <br /> other action relating thereto. <br /> Submitted by the Board of Selectmen <br /> Explanation: This article will create a Capital Stabilization account to set aside funds for future <br /> capital expenditures in an effort to ensure the Town will maintain its assets at a level adequate to <br /> protect the Town's capital investment and to minimize future maintenance and replacement <br /> costs. A 2/3 vote is required to establish, appropriate funds into, and withdraw funds out of this <br /> account. <br /> 15 <br />