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Motion made by Selectman Michael Richardson. <br /> Motion: I move the Town vote to reauthorize the Recreation Revolving Account through the <br /> Town Accountant's Office in accordance with Massachusetts General Laws, Chapter 44, §53E�/z, <br /> to be expended under the direction of the Recreation Department, said account to be funded by <br /> revenues collected from the various Recreation Department Programs and expended for the <br /> purpose of paying such wages, benefits, and other related costs and expenses as are necessary to <br /> conduct Recreation Department Programs; and to establish the limit on expenditures from said <br /> account for FY 2016 at$450,000. <br /> Motion passes unanimously at 8:08 PM. <br /> Article 16 <br /> To see if the Town will vote to rescind the authority to issue the following un-issued balances of <br /> authorized bonds or notes pursuant to the votes adopted under the following articles to the extent <br /> said authority has not been previously exercised, or take any other action relating thereto. <br /> Submitted by the Town Treasurer <br /> Town Meeting Article 4 Balance Purpose <br /> May 6, 2007 4 $458,418.00 Chapter 90 <br /> May 5, 2008 4 $457,356.00 Chapter 90 <br /> May 4, 2009 5 $455,249.00 Chapter 90 <br /> May 3, 2010 6 $460,000.00 Chapter 90 <br /> May 2, 2011 6 $474,188.00 Chapter 90 <br /> May 7, 2012 8 $474,188.00 Chapter 90 <br /> May 3, 2010 18 $ 93,627.00 Highlands Roadways <br /> May 3, 2010 20 $ 42,664.00 Quashnet Valley Estates <br /> October 18, 2010 8 $ 38,398.00 Cape Drive <br /> October 18, 2010 10 $ 18,838.00 Bayshore Drive <br /> October 17, 2011 20 $ 3,290.00 Great Hay Estates <br /> Explanation: This article is for the purpose of rescinding loans authorized for capital projects <br /> that have been completed. This will enable the Town Accountant to remove the unissued loan <br /> authorization balances from her books. <br /> The Board of Selectmen recommends approval by a vote of 5-0. <br /> The Finance Committee recommends approval by a vote of 6-0, 1 absent. <br /> Motion made by Selectman Carol Sherman. <br /> Motion: I move the Town vote to rescind the borrowing authorizations for projects completed <br /> under budget or no longer needed, as set forth in Article 16. <br /> Motion passes unanimously at 8:09 PM. <br /> 18 <br />