05/01/2017 Annual Town Meeting - Laserfiche WebLink

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replacement project would materially extend the useful life of the school, and preserve a capital asset that is otherwise capable of supporting the required educational programs. The Board of Selectmen recommend approval of Article 15 by a vote of 5-0. The Finance Committee recommend approval of Article 15 by a vote of 4-0. Motion made by Selectman John Cahalane. Motion: I move that the Town of Mashpee vote to appropriate the sum of ten million four hundred seventy-seven thousand eight hundred eighty-four dollars ($10,477,884) for replacement of roofs, soffits, windows and doors at the Quashnet School, 150 Old Barnstable Road, Mashpee, MA 02649, including the payment of costs incidental or related thereto, which proposed repair project would materially extend the useful life of the school and preserve an asset that otherwise is capable of supporting the required educational program (the "Project"). Said sum to be expended under the direction of the Planning & Construction Committee, and to meet said appropriation, five hundred thousand dollars ($500,000) is transferred from Revenue Available, and the Treasurer, with the approval of the Selectmen, is authorized to borrow the sum of nine million nine hundred seventy- seven thousand eight hundred eighty-four dollars ($9,977,884) under M.G.L. Chapter 44, or any other enabling authority; that the Town of Mashpee acknowledges that the Massachusetts School Building Authority's ("MSBA") grant program is a non-entitlement, discretionary program based on need, as determined by the MSBA, and any project costs the Town of Mashpee incurs in excess of any grant approved by and received from the MSBA shall be the sole responsibility of the Town of Mashpee;provided further that any grant that the Town of Mashpee may receive from the MSBA for the Project shall not exceed the lesser of (1) thirty-seven and ninety-five hundredths percent (37.95%) of eligible, approved project costs, as determined by the MSBA, or (2)the total maximum grant amount determined by the MSBA; provided that any appropriation hereunder shall be subject to and contingent upon an affirmative vote of the Town to exempt the amounts required for the payment of interest and principal on said borrowing from the limitations on taxes imposed by M.G.L. 59, Section 21C (Proposition 21/2); and that the amount of borrowing authorized pursuant to this vote shall be reduced by any amounts received or expected to be received from the MSBA prior to the issuance of any bonds or notes under this vote as set forth in the Project Funding Agreement that may be executed between the Town of Mashpee and the MSBA. Any premium received by the Town upon the sale of any bonds or notes approved by this vote, less any such premium applied to the payment of the costs of issuance of such bonds or notes, may be applied to the payment of costs approved by this vote in accordance with Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount. Motion passes by 2/3rds vote at 8:11 PM. Article 16 To see if the Town will vote to create one new full-time position, Assistant Town Planner, within the Planning Department, with said position to be classified under Unit A of the Managers Laborers' International Union of North America, to be effective July 1, 2017, and to appropriate 18