2002-TOWN MEETING RECORDS - Laserfiche WebLink

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Recommendation: The Finance Committee recommends approval. Article 9 To see if the Town will vote to appropriate $1,500,000 for the purpose of renovating and/or constructing and equipping the Mashpee Senior Center, including the payment of all costs incidental and related thereto and to determine whether this appropriation shall be raised by borrowing or otherwise, the total cost of which will be $2,100,000; provided, that such appropriation shall be contingent upon a vote at an election to exempt from the provisions of G.L.C. 59 § 21C (Proposition 21/2), the amounts required to pay the principal of and interest on the borrowing authorized under this article. Further, the Board of Selectmen be authorized to apply for, contract for, and expend funds from the anticipated Massachusetts CDBG, Community Development Block Grant, in the amount of$600,000 which shall be expended in addition to the amount appropriated under this article, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: This action will fund the renovation and/or construction of the Town's Senior Center. Recommendation: The Finance Committee recommends approval. Article 10 To see if the Town will vote to appropriate $170,000 for the purpose of making loans to residents of the Town for repairing and/or upgrading residential septic systems pursuant to agreements between the Board of Health and residential property owners, including all costs incidental and related thereto, and to determine whether this appropriation shall be raised by borrowing or otherwise, or take any other action relating thereto. Submitted by the Board of Health Explanation: The Commonwealth of Massachusetts, through the Water Pollution Abatement Trust, is providing no interest loans to communities to assist homeowners in complying with Title V. The loans are for $170,000, including $10,000 that the towns can use for any purpose related to the implementation of the program. The loans are available to homeowners at 5% interest, to cover any ongoing costs of the program. Loans must be secured by a betterment assessed by the Town on the property being improved by the loan. Communities are expected to identify those areas in Town where septic upgrades are needed and direct the funds to those priority areas. In order to qualify for the loans, town meeting must vote to authorize the Town to borrow funds from the trust. The community will have 18 years to repay the loan to the trust. Recommendation: The Finance Committee recommends approval. 13 k