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<br /> The vote provides authorization to borrow funds for design of wastewater facilities,.
<br /> The Town borrows the funds onlyas needed avoiding unnecessary obligation of :t
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<br /> Flexibility in covering wastewater design costs; does not limit specific amounts to ----------
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<br /> specific projects �[
<br /> would not deplete free cash- allows selectmen to follow their policies regarding :j [
<br /> utilization and reservation amounts.
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<br /> Town operations would not be interrupted.
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<br /> Possibly fund Debtpayments (or partial amount) with rooms tax and WI IF (If
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<br /> Bond ratio would not bejeopardized due to reduced reserves. :[ _ _--- j RI
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<br /> 4:41 Requires 2/3 vote at Town Meetingas-well as ballot question'.
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<br /> s t he taxes Levied annuall b the amount of the debtp'ayment. .:;,:;;[:;�:,,::;,,ov* ncrease :,y y •�:[;._:I:::c:::[:c�:;�i:C;i:;; ;i:i:i}::2:i:f:• L
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<br /> Projectyif may not move forward debt exclusion faiLsO :.[
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<br /> Funding annual debt with rooms tax-requires 2/3 vote
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