01/27/2020 BOARD OF SELECTMEN Agenda Packet

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Article Proposed Borrowing Authorization Article to Complete the Design of BOTH the Wastewater Treatment Facility and Sewer Collection System for Phase 1 (Note that the preceding Article can be used for the appropriation and funding of Phase 1 design costs, NO MATTER WHAT THE AMOUNT OF THE DEBT AUTHORIZATION IS. The appropriate debt amount could just be specified in the Motion made under the Article. If your intent is to authorize debt for a broader scope of Wastewater initiatives (as your proposed language below.suggests), use the following article language). To see if the town will.appropriate a sum of money by borrowing for the planning and design of wastewater collection, treatment and disposal initiatives in the Town of Mashpee, including all expenses incidental and related thereto,to authorize the Treasurer,with the approval of the Board of Selectmen,to issue any bonds or notes that may be necessary for that purpose, and to apply the premium received by the Town upon the sale of any bonds or notes thereunder, less any such premium applied to the payment of the costs of issuance of such bond or notes, to pay project costs and reduce the amount authorized to be borrowed by the amount of the premium so applied; provided, however, that this appropriation and debt authorization shall be contingent upon passage of a Proposition 2% debt exclusion ballot question under General Laws Chapter 59, § 21C(k), or take any other action relative thereto. Submitted by the Board of Selectmen Explanation: This article would provide funding to complete the design of Phase 1 of the wastewater treatment plant to be located adjacent to the Town's solid waste transfer station and further to design the phase 1 sewer collection system to be connected to the wastewater treatment facility adjacent to the Town's transfer station. This project is one of the initial steps in implementing the Town's Watershed Nitrogen Management Plan f CWMP. Ballot uestion for Debt Exclusion for BOTH WWTF and Sewer Collection System: Shall the Town of Mashpee of be allowed to exempt from the provisions of proposition two and one-half, so-called, the amounts required to pay for the bond issued in order to be used for the planning,and design of wastewater collection, treatment and disposal initiatives of the Town? Yes No