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Article 4 <br /> To see if the Town will vote to appropriate and transfer from available funds $37,925 to the Debt <br /> Service Account, or take any other action relating thereto. <br /> Submitted by the Treasurer <br /> Explanation: General obligation bonds were issued in October 2006. This bonding incurred <br /> expenses totaling $48,349. The budget of$17,500 was overspent for the year by $37,925 due to <br /> the bonding. Although we incurred debt issuance expenses, we also recognized a premium in the <br /> amount of$45,616. This premium is recognized in the Premium On Bonds (Revenue) Account <br /> and is considered an offset to the expenses incurred by the sale of bonds. <br /> The Board of Selectmen recommends approval by a vote of 5-0. <br /> The Finance Committee recommends approval by a vote of 5-0. <br /> Motion made by Selectman Don Myers. <br /> Motion: I move the Town vote to appropriate and transfer from Revenue Available for <br /> Appropriation $37,925 to the Debt Service Account. <br /> Motion passes unanimously at 7:19 PM. <br /> Article 5 <br /> To see if the Town will vote to appropriate and transfer from available funds $13,519 to the <br /> Foreclosure Expense Account, or take any other action relating thereto. <br /> Submitted by the Treasurer <br /> Explanation: Legal expenses were incurred during the tax taking of twenty properties. <br /> The Board of Selectmen recommends approval by a vote of 5-0. <br /> The Finance Committee recommends approval by a vote of 5-�0. <br /> Motion made by Selectman George Green. <br /> Motion: I move Town vote to appropriate and transfer from Revenue Available for <br /> Appropriation $13,519 to the Foreclosure Expense Account. <br /> Motion passes unanimously at 7-.20 PM. <br /> 3 <br />