05/01/2023 ANNUAL TOWN MEETING - Laserfiche WebLink

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Article 12 To see if the Town will accept the provisions of Massachusetts General Laws Chapter 83, sections 15C and 15D relative to the assessment of interest on and the apportionment of unpaid balances of sewer betterment assessments, or take any other action relating thereto. Submitted by the Select Board Explanation: This article will authorize the Town to assess and collect interest on an unpaid balance of a sewer betterment assessment at a rate up to 2% above the net rate of interest chargeable to the Town for the project to which the assessment relates, and to apportion all future sewer assessments or unpaid balances of assessments over a period not to exceed 30 years, and to structure the payments so that the amounts payable for principal and interest combined in the respective years are as nearly equal as practicable. These equal payments may be further apportioned and collected by the Town on quarterly tax bills at the option of the Town. An owner of land assessed would still be able to pay the total remaining principal amount due without any prepayment penalty. The Select Board recommends approval of Article 12 by a vote of 5-0 The Finance Committee recommends approval of Article 12 by a vote of 5-0 Motion made by Select Board Member Weeden Motion: I move that the Town accept the provisions of Massachusetts General Laws Chapter 83, sections 15C and 15D relative to the assessment of interest on and the apportionment of unpaid balances of sewer betterment assessments. Motion passes at 7:59 PM Article 13 To see if the Town will vote to raise, borrow or transfer from available funds and appropriate the sum of $595,357 to provide for road improvement projects under the Chapter 90 program, or take any other action relating thereto. Submitted by the Department of Public Works Explanation: This article authorizes use of funds which will be 100% reimbursed by the Commonwealth of Massachusetts. The budget approved each fiscal year by the Legislature and Governor establishes the total funding available for Chapter 90 local transportation aid for that year. These funds are then apportioned to the 351 Massachusetts towns and cities. The funding authorized by this article is the maximum anticipated Town’s share of the FY24 Chapter 90 program. This article requires a 2/3 vote. The Select Board recommends approval of Article 13 by a vote of 5-0 The Finance Committee recommends approval of Article 13 by a vote of 7-0 Motion made by Select Board Member Cotton Motion: I move that the Town vote to appropriate the sum of $595,357 to provide for road improvement projects in and for the Town, in accordance with the provisions of Chapter 90 of the Massachusetts General Laws, and to authorize the Treasurer, with the approval of the Select Board, to borrow said sum of $595,357 under and pursuant to the provisions of M.G.L., Chapter 44, sections 7 & 8, or any other enabling authority, and to issue bonds and notes of the Town therefor.