10/21/2019 BOARD OF SELECTMEN Agenda Packet

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TOWN OF MASHPEE MASHPEE HIGH SCHOOL 500 OLD BARNSTABLE ROAD MASHPEE, MA 02649 ANNUAL TOWN MEETING MONDAY, OCTOBER 21, 2019 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 21s'day of October 2019 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 $85,100 from the Interest Outside 2% account to the Principal Inside 2% account and further appropriate and transfer the sum of$7,500 from the Interest Outside 2%2 account to the Temporary Principal Outside 2 % account and further appropriate and transfer the sum of $42,,500 Principal Outside 2% to Temporary Principal Outside 2%2 and further appropriate and transfer the sum of$500 from Interest outside 2% to Interest Temporary Borrowing Outside 2% and further appropriate and transfer the sum of$950 from Interest Outside 2% to Principal Inside 2%or take any other action relating thereto. Submitted by the Town Treasurer Explanation: This article is for the purpose of distributing the funds in the proper accounts due to the actual bonds and premium from the April 15t 2019 Bond issue. These funds could not be appropriated in the May Annual Town meeting as the Bonding was completed after the warrant article submission. The $50,000 amount and $500 interest transferred will be used payoff a small BAN for the Quashnet School project. The Board of Selectmen recommends approval of Article 1 by a vote of 4-0 The Finance Committee recommends approval of Article 1 by a vote of 6-0 MOTION TO BE MADE BY SELECTMAN GOTTLIEB: move the Town vote to appropriate and transfer the sum of $85,,100 from the Interest Outside 2% account to the Principal Inside 2% account and further appropriate and transfer the sum of$7,,500 from the Interest Outside 2 % account to the Temporary Principal Outside 2 % account and further appropriate and transfer the sum of $42,500 Principal Outside 2% to Temporary Principal Outside 2% and further appropriate and transfer the sum of$500 from Interest outside 2% to Interest Temporary Borrowing Outside 2% and further appropriate and transfer the sum of $950 from Interest Outside 2% to Principal Inside 2%. 1