12/09/2019 BOARD OF SELECTMEN Agenda Packet

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Article. Proposed article create a wastewater Infrastructure Investment Fund (3%surcharge) (written by Town Counsel) To see if the Town will vote to accept General Laws Chapter 40, Section 39M for the purpose of establishing a separate account to be known as the Municipal water Infrastructure Investment Fund, revenues from which shall be expended exclusively for maintenance, improvements and investments to municipal drinking, wastewater and, stormwater infrastructure assets, and further to authorize the imposition of a water infrastructure surcharge on real property in the Town at the rate of three per cent (3%) of the real estate tax levy against said real property, as determined annually by the Board of Assessors, which will be deposited ........... ...... into the Fund said surcharge to commence in Fiscal. er41 effective JuI 20 ! ................................l........................................................y........]...........................1. or take any other action relating thereto. Submitted by the Board of Selectmen Explanation:XXXXX Article PROPOSED ARTICLE for reducing the Community Preservation Act surcharge from 3%to 2% .(written by Town Counsel) To see if the Town will vote to amend its acceptance of the Massachusetts Community Preservation Act (General Laws Chapter 44B, Sections 3-7) by reducing the annual surcharge imposed on real property in the Town for Chapter 44B purposes from the rate of three per cent (3%) to the rate of two per cent (2%) of the real estate tax levy against said property; said reduction to tale effect in Fiscaf��ar...2 2J. effective Judy 1 2:66 or take any other action relating thereto. Submitted bythe Board of Selectmen Explanation: XXXXXXX