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8 <br /> Finance Committee <br /> Minutes <br /> September 3, 2020 <br /> Review and take action on remaining articles in Draft#4 or Draft#5 of the Annual Town <br /> Meeting Warrant of Monday October 19, 2020: <br /> Article #16: Climate Change Policy Statement <br /> Mr. McKelvey was absent for the vote on Article #16 and requested the Finance Committee <br /> allow the motion to be rescinded to allow his comment to be added to the record. <br /> Motion made by Mr. Pettengill to approve the withdrawal of the previous motion and the <br /> re-vote on Article#16 as requested. <br /> Motion seconded by Mr. Miller. <br /> VOTE: 5-1. Motion carries. <br /> Roll Call Vote: <br /> Mr. Pettengill,yes Mr. McKelvey,yes Mrs. Furbush,yes <br /> Mr. Miller, no Mr. Richardson,yes Mr. Brady,yes <br /> Opposed, (1) <br /> Motion made by Mr. Richardson to approve and recommend Article#16 as presented. <br /> Motion seconded by Mr. Miller. <br /> VOTE: 5-1. Motion carries. <br /> Roll Call Vote: <br /> Mr. Pettengill,yes Mr. McKelvey, no Mrs. Furbush,yes <br /> Mr. Miller,yes Mr. Richardson,yes Mr. Brady,yes <br /> Opposed, (1) <br /> Review draft explanations for actioned articles: <br /> The Finance Committee conducted a review of the draft explanations for the Report of the <br /> Finance Committee as follows; <br /> October 19, 2020 Town Meeting Warrant Articles—FinCom Explanations <br /> Article 91 (Unissued Bonds) -Jeff <br /> FinCom Explanation: This article authorizes the rescinding of authorized bonds and notes <br /> which were not issued because they were not needed to fund the projects for which they were <br /> authorized. Removing these un-issued amounts will improve the Town's financial statements by <br /> reducing the amount of liabilities which the town carries. This will have no impact on the tax <br /> rate. <br />