10/18/2021 Annual Town Meeting - Laserfiche WebLink

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2/3 required Motion passes unanimously at 6:27 PM Article 6 To see if the Town will vote to rescind the authority to issue the following un-issued balances of authorized bonds or notes pursuant to the votes adopted under the following articles to the extent not previously exercised, or take any other action relating thereto. Submitted by the Town Treasurer Town Meeting Article # Balance Purpose May 1, 2001 17 $ 275,000.00 Mashpee River Dredge May 5, 2008 16 $ 50,000.00 Solar Power/ Senior Center May 1, 2017 15 $1,141,318.35 Quashnet School Building May 1, 2017 36 $ 600,830.00 Chapter 90/ 2019 Explanation: This article is for the purpose of rescinding loans authorized for capital projects that have been completed or never started. This will enable the Town Accountant to remove the un-issued balances. The Board of Selectmen recommends approval of Article 6 by a vote of 5-0 The Finance Committee recommends approval of Article 6 by a vote of 6-0 Motion Made By Selectman Sherman: I move the Town vote to approve Article 6 as printed in the warrant with the exception of the phrase, “or take any other action relating thereto.” Motion passes unanimously at 6:28 PM Article 7 To see if the Town will vote to appropriate and transfer $50,000 from the Principal Temp Borrow Outside 2 ½ account to the Principal Temporary Borrowing Inside 2 ½ account and vote to transfer $2,720 from Interest Temp Borrow Inside 2 ½ to the Interest Temp Borrow Outside 2 1/2 or take any other action relating thereto. Submitted by the Town Treasurer Explanation: This article is for the purpose of distributing the funds in the proper accounts due to the actual interest on BANS issued 5-12-21. These funds could not be appropriated in annual Town meeting as the Bonding was completed after the warrant article submission. The reduction in temporary borrowing interest outside 2 ½ and Principal Temp Borrow outside 2 ½ will reduce the outside 2 ½ portion of the tax rate. The Board of Selectmen recommends approval of Article 7 by a vote of 5-0 The Finance Committee recommends approval of Article 7 by a vote of 6-0 Motion Made By Selectman Weeden: I move the Town vote to approve Article 7 as printed in the warrant with the exception of the phrase, “or take any other action relating thereto.”