03/02/2020 BOARD OF SELECTMEN Agenda Packet

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*DRAFT I MAY 2020 TOWN MEETING WARRANT* Page 2 Explanation., This article will set aside funds into the Capital Stabilization account for future capital expenditures in an effort to ensure the Town will maintain its assets at a level adequate to protect the Town's capital investment and to minimize future maintenance and replacement costs. The Board of Selectmen recommends approval of Article 3, by a vote of The Finance Committee-recommends approval of Article 3 by a, vote of Article 4 To see if the Town will appropriate and transfer pursuant to the provisions, of M.G.L. C. 44131 section 6 to reserve from the Community Preservation Fund Buidget,ed for Appropriation Reserve, the following amounts: $21, 71 10%, Open Space/Recreation, Purposes $211971 10% Historic Purposes $21,971 10%Affordable Housing Purposes or take any other 'action relating thereto. Submitted by the Community Preservation Committee Explanation:, This is a "clean-up" article to meet the requirement of reserving funds from the supplemental CPA FY 2020 Trust Fund, distribution. The amount of FY 2020 state reimbursement received by the Town of M,ashpee was $61, 19 higher than the initial estimate and due to a surplus in thie FY 2019 state budget, the'Town received an additional $158,291 in CPA funds. 'We are required to set aside 10%, of those excess fund' and deposit them into each of the CPA reserves. Funding shall derive from the Community Preservation Budgeted for,Appropriation. The Board of Selectmen recommends approval of Article 4 by a vote of The Finance Committee recommends, approval of Article-4 by a vote of Article 5 To see if the Town will vote to appropriate and transfer,the sum of$27, 0o from the Community Preservation Fund 10% Historic Purpose Reserve in accordance with the provisions of M.G.L. Chapter 4413, §5 for the purpose of funding the Retrofit of the Vault Project including necessary costs and expenses related thereto, as,recommended by th,e Community Preservation, Committee, or take any other action relatiing thereto. Submitted by the Community Preservation Committee The Community Preservation Committee recommends approval of Article 5 by a vote of 5-1. Explanation-.The goal of this project is to retrofit the vault in the Town Clerk's Office with mobile storage shelving with carriages, track and steel end panels to store vital records. Retrofitting the vault with mobile shelving would increase the vault storage by approxim,ately 60%. The vault currently stores all of the vital records for the Town as well as IT data for the To n's computer servers, ZBA decisions and election, ballots. 'The Board of Selectmen recommends approval of Article 5 by a vote,of The Finance Committee recommends approval of,Article 51 by a vote of