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Draft#6 September 7, 201.7 <br /> Explanation: This article is needed to amend bonding authorization articles that were approved <br /> prior to passage of the Municipal Modernization Act in August 2016, so the premiums received <br /> upon the sale of such bonds may be applied to the costs of the project being financed and to <br /> reduce the amounts authorized to be borrowed by the applied amount. <br /> The Board of Selectmen recommends Town Meeting approval by a vote of x=x <br /> The Finance Committee recommends Town Meeting approval by a vote of 5-0 <br /> Article 3 (D#6) <br /> To see if the Town will vote to transfer $325,000 from the Assessors Overlay Surplus Account to <br /> the Assessors Revaluation Account, or take any other action relating thereto.' <br /> Submitted by the Town Assessor <br /> Explanationo transfer existing monies to fund the Assessor's ReVaivatron Account for costs <br /> related to'mee'tirigthe Department of Revenue's annual and triennial certification requirements. <br /> All towns are required by the D.O.R.':to maintain, a revaluation account for costs relating to <br /> valuation consultants, Appellate Tax Board expenses, private appraisals, defense of values and <br /> various other requ rements'to ensure.accurate assessments and_tirhely issuance of tax-bills. <br /> The Board of Selectmen recommends Town Meeting approval by a.rote of x-x <br /> The Flinance Committee recommends TownMeetrng:approval by a_-vote of 5-0 <br /> Article 4 (D#6) <br /> To see.if line Town will v.ote to appropriate and transfer,-pia:rsuaht.to the provisions of. M.G.L. <br /> Chapter 44B, §6 to reserve from the FY2018 estimated Community Preservation revenues, the <br /> following amounts: <br /> $150,906 10%for Open Space/Recreational Purposes <br /> $150,906 10%for Historic Preservation Purposes <br /> $150,906 10%for Affordable Housing Purposes <br /> $1,056,341 to the FY 2018 Community Preservation Fund Budget for Appropriation <br /> Reserve as recommended by the Community Preservation Committee, <br /> or take any other action relating thereto. <br /> Submitted by the Community Preservation Committee <br /> Explanation: This article is required annually to set aside the 10% Reserves of the estimated <br /> Community Preservation Funds for Open Space/Recreation Purposes, Historic Preservation <br /> Purposes and Affordable Housing Purposes and to fund the Budget for Appropriation Reserve. <br /> 2 <br />