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9 <br /> Finance Committee <br /> Minutes <br /> March 4, 2021 <br /> Article_(continued) <br /> As a result of the solar project the cost of electricity would be significantly lower which would <br /> result in a savings to the Town for the school use. The solar panels are owned by the developer <br /> and is subject to personal property tax. In this article, the Town of Mashpee as the consumer <br /> would authorize the exemption of the solar panels from property tax. <br /> Additional information from the Treasurer/Tax Collector the administer of the Trust regarding <br /> the Tax Increment Financing Agreement; $1,305,630.02 is forthcoming. <br /> Recommendation to insert pay-back estimate in the article. <br /> Motion made by Mr. Richardson to recommend the Tax Incrementing Finance Agreement. <br /> Motion seconded by Mrs. Furbush. <br /> VOTE: Unanimous. 7-0. <br /> Roll Call Vote: <br /> Mr. Pettengill, yes Mr. McKelvey, yes Mrs. Furbush, yes Mr. Richardson, yes <br /> Mr. Miller, yes Mr. Brady, yes Mr. Carrier, yes Opposed, none <br /> Article HELD <br /> To see if the Town will vote pursuant to G.L. Chapter 40, Section 15A to authorize the transfer of <br /> care, custody and control of that portion of the Town owned conservation land, described as <br /> as shown on the <br /> Plan entitled <br /> from the Conservation Commission to the Board of Selectmen and/or Sewer Commission for <br /> purposes of the development and construction of a sewer pumping station and related <br /> appurtenances; to authorize the Board of Selectmen and Conservation Commission to petition <br /> the General Court for authorization and approval of such transfer in custody and change in use <br /> as is required under Article 97 of the Amendments to the Constitution of the Commonwealth of <br /> Massachusetts; and, further, to authorize the Board of Selectmen/ Sewer Commission and <br /> Conservation Commission to enter into such agreements and execute any and all instruments on <br /> behalf of the Town, upon such terms and conditions as they shall deem to be in the best interest <br /> of the Town,to effect said transfer in custody and change in use; or take any other action relative <br /> thereto. <br />