05/07/2007 Annual Town Meeting - Laserfiche WebLink

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authorized by this article is the maximum anticipated Town's share for FY07 of the Chapter 90 program. The Town may receive this funding in one or multiple apportionments over the fiscal year. The Board of Selectmen recommends approval by a vote of 5-0. The Finance Committee recommends approval by a vote of 5-0. Motion made by Selectman Wayne Taylor Motion: I move the Town vote to appropriate $460,000 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 Board of Selectmen, to borrow the sum of$458,418 under and pursuant to the provisions of G.L. c.44, §§7&8, or any other enabling authority, and to issue bonds and notes of the Town therefore. Motion passes unanimously at 8:14 PM. Article 8 To see if the Town will vote to reauthorize the Council on Aging Revolving Account, through the Town Accountant, in accordance with Massachusetts General Laws, Chapter 44, Section 53E 1/2 to be expended under the direction of the Council on Aging, in order to place anticipated revenues collected from program income which shall be used to further the operation of programs under the Council on Aging, and to establish the limit on expenditures from said account for Fiscal Year 2008 at $15,000, or take any other action relating thereto. Submitted by the Council on Aging Explanation: This revolving account is required in order to receive and disburse funds generated through programs supported by the revolving fund such as key deposits, coffee machine income, and educational program tuitions. Revenues will be used to offset expenses related to these programs. The Board of Selectmen recommends approval by a vote of 5-0. The Finance Committee recommends approval by a vote of 5-0. 18