05/06/2002 Annual Town Meeting - Laserfiche WebLink

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appropriation shall be contingent upon a vote at an election to exempt from the provisions of G.L.C. 59 § 21C (Proposition 21/2), the amounts required to pay the principal of and interest on the borrowing authorized under this article. Further, the Board of Selectmen be authorized to apply for, contract for, and expend funds from the anticipated Massachusetts CDBG, Community Development Block Grant, in the amount of $600,000 which shall be expended in addition to the amount appropriated under this article, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: This action will fund the renovation and/or construction of the Town's Senior Center. Recommendation: The Finance Committee recommends approval. Motion made by Wayne Taylor. 0 Motion: Imove that the sum of$1,500,000 is hereby appropriated for the purpose of paying a portion of costs of renovating and/or constructing and equipping the Mashpee Senior Center and for the payment of all other expenses incidental and related thereto (which are expected to total $2,100,000), and that to meet this appropriation, the Town Treasurer, with the approval of the Selectmen, is hereby authorized to borrow said amount under and pursuant to Chapter 44, Section 7, Clauses (3), (3A) of the General Laws, or any other enabling authority, and to issue bonds or notes of the Town therefor, provided, however, that no sums shall be borrowed or expended hereunder unless and until the Town shall have voted to exclude the funds required to repay any bonds or notes issued hereunder from the limitations of Proposition 2 1/2, so called, and farther,, that the Selectmen are hereby authorized to apply for, contract for and expend funds from the anticipated Massachusetts Community Block Grant, in the amount of$600,000, which shall be expended on this project in addition.to the amount appropriated hereunder. Motion passes by 2/3rds vote at 8:28 p.m. Article 10 To see if the Town will vote to appropriate $170,000 for the purpose of making loans to residents of the Town for repairing and/or upgrading residential septic systems pursuant to agreements between the Board of Health and residential property owners, including all costs incidental and related thereto, and to determine whether this appropriation shall be raised by borrowing or otherwise, or take any other action. relating thereto. Submitted by the Board of Health Explanation: The Commonwealth of Massachusetts, through the Water Pollution Abatement Trust, is providing no interest loans to communities to assist homeowners in complying with Title V. The loans are for $170,000 including $10,000 that the towns can use for any purpose related to the implementation of the program. The loans are available to homeowners at 5% interest, to cover any ongoing costs of the program. Loans must be secured 'by a betterment assessed by the Town on the property being improved by the loan. Communities are expected to