06/15/2020 BOARD OF SELECTMEN Agenda Packet

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Page 2 Group#1 Special Town Meeting (Articles% 10, 11,p 13) Article.3 (Fin-Corn Report Page 8) To see if the Town will vote to appropriate and transfer the sum of$1. 439,534 from revenue available for.appropriation, to be deposited into the Capital Stabilization Fund, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: This article will set aside funds into the Capital Stabilization account for future capital expenditures in an effort to ensure the Town will maintain its assets at a level adequate to protect the Town's capital investment and to minimize future maintenance and replacement costs. The Board of Selectmen recommends approval of Article 3 by a vote of 5-0 The Finance Committee recommends approval of Article 3 by a vote of 6-0 Article 10(Fin-Com Report Page 12) To see if the Town will vote to appropriate and transfer the sum of$62,300 from revenue available for, appropriation to fund the addition of two shellfish upweller floats to the Ockway Bay Landing Town Dock. Submitted by the Board of Selectmen Explanation: Shellfish.upweller floats are needed at the Ockway Bay Landing Town Dock to grow shellfish seed for implementation of the Shellfish Component of the Comprehensive Watershed Nitrogen Management Plan for water quality restoration and harvest for food. The breakdow' n is: Engineering and permits$+6,500. Purchase and,installation of 2 upweller dock floats$29,900 and one piling$3,030. Electrical power installed $,.g,600. Water service installed $4,100. The Board of Selectmen'recommends approval of Article 10 by a vote of 5-0 The Finance Committee recommends approval of Article 10 by a'vote of 5-0 Article 11 (Fin-Com Report Page 12) To see if the Torn will vote to transfer the sum of $350,000 from the Assessors" Overlay Surplus Account to the Assessors' Revaluation Account. Submitted by the Board of Assessors Explanation: To transfer existing monies to the Assessor's Revaluation Account for costs related to meeting the Department of Revenue's certification requirements. All towns are required to maintain a revaluation account for costs relating to valuation ,consultants.. Appellate- Tax Board expenses,, private appraisals, defense of values and various other requirements to ensure accurate assessments and timely issuance of tax bills. The Board of Selectmen recommends approval of Article 11 by a vote of 5-0 The Finance Committee recommends approval of Article 11 by a vote of 6-0