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I� <br /> 1 <br /> i ARTICLE 4: To see if the District will vote to raise and appropriate or transfer from available <br /> funds the sum of$194,535.00 to the Principal Debt Account, or take any other action relating <br /> thereto. <br /> Explanation: The amount requested will pay nine additional principal payments on our last <br /> Farmers Home Administration Loan. We will save $314,947.00 on interest costs. <br /> ARTICLE 5: To see if the District will vote to raise and appropriate or transfer from available <br /> funds the sum of$42,840 to the Town Services Agreement Account. <br /> I' <br /> Explanation: Approval of this Article pays the Town for services to the District of the Assessing <br /> and Tax Collecting Offices. <br /> ARTICLE 6: To see if the District will vote to raise and appropriate or transfer from available , <br /> funds the sum of$80,000.00 to the Stabilization Fund Account, or take any other action <br /> relating thereto. <br /> Y Explanation: This is the fourth year of a five-year plan to build up the Stabilization Fund <br /> Account for future capital projects to be brought to the voters for approval <br /> ARTICLE 7: To see if the District will vote to rescind the following loan authorization <br /> a totaling$100,000.00: Article 20, April 23, 1996, Annual District Meeting authorized ; <br /> $100,000.00 for Cranberry Ridge/Sampsons Mill Road water mains. <br />'u <br /> Explanation: District voter's approval is needed to rescind loan authorizations no longer needed <br /> as this project was completed and will not require these funds. <br /> ARTICLE 8: To see if the District will vote to raise and appropriate or transfer from available <br /> funds the sum of$42,000.00 to the Holland Mills Account, or take any other action relating <br /> thereto. <br /> i <br /> Explanation: This article will replenish the Holland Mills Account for funds spent on a Draft <br /> Environmental Impact Report mandated by the State Department of Environmental Protection. <br /> The Mashpee Water District is required by the Commonwealth of Massachusetts to complete an <br /> Environmental Impact Report as part of the approval process for the Holland Mills well site. <br /> i <br /> 1 <br /> 2 <br />