03/25/2019 BOARD OF SELECTMEN Minutes

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VOTE OF THE BOARD OF SELECTMEN I,the Clerk of the Board of Selectmen of the Town of Mashpee, Massachusetts (the "Town"), certify that at a meeting of the board held March 25, 2019, of which meeting all members of the board were duly notified and at which a quorum was present,the following votes were unanimously passed, all of which appear upon the official record of the board in my custody: Voted: that we hereby determine, in accordance with G.L. c. 70B, that the amount of the cost of the Quashnet School project authorized by votes of the Town passed on May 1, 2017 (Article 15) and May 16, 2017 (Question 1)not being paid by the school facilities grant is $6,195,932 and we hereby approve of the issuance of notes and bonds in such amount under said G.L. c. 70B. Further Voted: that the sale of the$7,500,000 General Obligation Municipal Purpose Loan of 2019 Bonds of the Town dated April 1, 2019 (the"Bonds"), to Robert W. Baird & Co., Inc., at the price of$8,127,474.65 and accrued interest, if any, is hereby approved and confirmed. The Bonds shall be payable on April 1 of the years and in the principal amounts and bear interest at the respective rates, as follows: Interest Interest Year Amount Rate Year Amount Rate 2020 $575,000 5.00% 2030 $350,000 3.00% 2021 5755000 5.00 2031 350,000 3.00 2022 57500 5.00 2032 295,000 3.00 2023 5605000 5.00 2033 2755000 3.00 2024 495,000 5.00 2034 275,000 3.00 2025 370,000 5.00 2035 275,000 3.00 2026 360,000 5.00 2037 550,000 3.00 2027 3605000 5.00 2038 270,000 3.00 2028 360,000 5.00 2039 270,000 3.00 2029 360;000 3.00 Further Voted: that the Bonds maturing on April 1, 2037 (a"Term Bond") shall be subject to mandatory redemption or mature as follows: Term Bond due April 1, 2037 Year Amount 2036 $275,000 2037* 275,000 *Final Maturity