05/04/2015 Annual Town Meeting - Laserfiche WebLink

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Article 11 To see if the Town will vote to raise and appropriate, borrow or transfer from available funds $610,543 to provide for road improvement projects under the Chapter 90 program, or take any other action relating thereto. Submitted by the Department of Public Works Explanation: This article authorizes use of funds which will be 100% reimbursed by the Commonwealth of Massachusetts. The budget approved each fiscal year by the Legislature and Governor establishes the total funding available for Chapter 90 local transportation aid for that year. These funds are then apportioned to the 351 Massachusetts towns and cities. The funding authorized by this article is the maximum anticipated Town's share of the FY 2016 Chapter 90 program. The Board of Selectmen recommends approval by a vote of 5-0. The Finance Committee recommends approval by a vote of 6-0, 1 absent. Motion made by Selectman Carol Sherman. Motion: I move the Town vote to appropriate $610,543 to provide for road improvement projects in and for the Town, in accordance with the provisions of Chapter 90 of the Massachusetts General Laws, and to authorize the Treasurer, with the approval of the Board of Selectmen, to borrow said sum of $605,455 under and pursuant to the provisions of M.G.L., Chapter 44, Sections 7 & 8, or any other enabling authority, and to issue bonds and notes of the Town therefor. Motion passes unanimously at 8:03 PM. Article 12 To see if the Town will vote to appropriate and transfer from the Community Preservation Fund Balance $40,000 to the Community Preservation Committee Administrative and Operating Expense Account, or take any action relating thereto. Submitted by the Community Preservation Committee Explanation: To provide annual funding in FY 2016 for the administrative and operational costs of the Community Preservation Committee which includes project costs associated with and incidental to the Community Preservation Committee. Under the CPA Act, up to 5% of the annual CPA funds may be spent on the operation and administrative costs of the Community Preservation Committee. Funding supports legal fees, technical reviews, appraisal costs, signage, annual Community Preservation Coalition dues, administrative wages, office supplies and similar costs associated with and incidental to the development of a CPA project. It is necessary to re-authorize the appropriation on an annual basis as unspent administrative and operational funds revert back to the Community Preservation Fund Balance. 15