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01/27/2020 BOARD OF SELECTMEN Agenda Packet
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01/27/2020 BOARD OF SELECTMEN Agenda Packet
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3/17/2020 10:04:32 AM
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2/7/2020 9:11:40 AM
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Mashpee_Meeting Documents
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BOARD OF SELECTMEN
Meeting Document Type
Agenda Packet
Meeting Date
01/27/2020
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I �} '.���it��}�I���i��f r�•��i���'��.��jF..' <br /> i ? t ; •g31lii �, <br /> { 3 <br /> 0 'tiaon 2 : Vote to ut.i ize 840 000 <br /> Free -Cash 8: 1 . 6 mi' tt-i'on debt <br /> f ff <br /> exc usion <br /> Pros: €T; t <br /> rr for design of wastewater treatment plant; still need debt <br /> No debt incurred g <br /> exclusion for collection system design. <br /> Does not require 213 approval at town•meeting for $840,000; only simple majority required and no ballot question necessary. <br /> � - <br /> 5� � <br /> Fj F, <br /> Borrowing authorization portion allows flexibility bi lit i n expending n funds. <br /> g p _ <br /> 4:1$1 The $840,000 would not increase,the amount of takes levied annually; taxes $ <br /> would be increased by debt for $1 .6 million only. <br /> .......... ....... <br /> Possibly fund debt payments with rooms tax Et W1F. :-- - <br /> Con <br /> s :xmx <br /> Would need to make adjustments to the Free cash Analysis to determine what <br /> C <br /> y iFSi24iE[ <br /> i amounts would be reduced to cover $840 000. Selectmen may be required to go <br /> against they r policieses for utilizing/reserving of Free cash r_,"Y.:)':_::]]_:i t:;:�:>:.:.r�_:x]_:Y>.:>:i r:.:Y:..::::]:.•Y..r...:.,>Y:.:):::'^---_--- #�3 xSiKxt9x[:1 7lLt�KliT#�ti#:t� <br /> - <br /> :r.::r.:.r,::i:::�i:r:;>:':r.'•f- - •%A[x'`.f'kta::•A. <br /> ::'�r.::"�.):Y.�:::::::"::Y.�:::):::Y.:.f:]:f:.:::)•__ 3[%FS �#�51I6 >�-� <br /> Town operations could be affected -if selectmen adhere to their policies andHang; <br /> °� } r.):):]:]:]:]a:]:r,]'i:..):�:]:r.r:rrrrr�iryirr ;�',.H::&••xI: x :- <br /> �i:):::::rx7:):r.r.]:]::a.]:]-:-• yx��# �ecx�i�<.k��j.ipft �i:�':'•:•':•:�:i:rr.::::r...::]:1:]::a:r.r.::�:�: M77��:•7L..is••iii,SCI: �r� <br /> • ':%rri:iii:i:::r.r.]:]:r,]a:7a:-ter.=:r_]:.. <br /> decide to make reductions in amount of free cash used or other purposes <br /> � x 3� <br /> y Y'n,rr YH7iii 7i iQixS7i Y. <br /> 'daEi%!_ <br /> 7:..7...:...>...]...T_..r.:��•r,.:•••i:- ;atkSili i4 if'3 in <br /> '�:._.����::-�::Y--.:Yr,ra.:]]::>:::])::>.:::]::r.:.•:::a)::7r::::;:j:' 'i7].,�1{x1df`N��l,IE�xL . <br /> May require us to discontinue addressing OPEB liability Injured on Duty Fund lui <br /> 'L 35 <br /> which may jeopardize band rating. <br /> ri:r]:r,r.::)::• tit€:":( <br /> Possibility of project not progressing n if debt exclusion fails <br /> p J p g g <br /> ............------- <br /> r • t ! <br /> Funding annual debt with rooms tax requires 213 vote. <br /> •!Ei.f %E E��1igl �F��€Y <br />
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