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authorize the Treasurer,with the approval of the Board Motion passes unanimously at 8:04 PM. of Selectmen, to borrow said sum of $605,455 under and pursuant to the provisions of M.G.L.,Chapter 44, Article 13 Sections 7 & 8,or any other enabling authority,and to issue bonds and notes of the Town therefor. To see if the Town will vote to re-authorize the Council on Aging revolving fund, through the Town Motion passes unanimously at 8:03 PM. Accountant, in accordance with M.G.L. Chapter 44, §5306, to be expended under the direction of the Article 12 Council on Aging; said fund to be funded by revenues collected from Council on Aging program income and To see if the Town will vote to appropriate and trans- expended for purposes furthering the operation of pro- fer from the Community Preservation Fund Balance grams by the Council on Aging, and to establish the $40,000 to the Community Preservation Committee limit on expenditures from said account for FY 2016 Administrative and Operating Expense Account, or at$15,000,or take any other action relating thereto. take any action relating thereto. Submitted by the Council on Aging Submitted by the Community Preservation Committee Explanation: The revolving account is required in order to receive and disburse funds generated through Explanation: To provide annual funding in FY 2016 programs supported by such revolving fund, such as for the administrative and operational costs of the senior trips, educational programs, educational pro- Community Preservation Committee which includes gram staff, transportation programs, exercise pro- project costs associated with and incidental to the grams,etc. Revenues will be used to offset expenses Community Preservation Committee. Under the CPA related to these programs and activities. Act, up to 5% of the annual CPA funds may be spent on the operation and administrative costs of the The Board of Selectmen recommends approval by Community Preservation Committee. Funding sup- a vote of 5-0. ports legal fees,technical reviews,appraisal costs,sig- nage,annual Community Preservation Coalition dues, The Finance Committee recommends approval by administrative wages,office supplies and similar costs a vote of 6-0, 1 absent. associated with and incidental to the development of a CPA project. It is necessary to re-authorize the appro- Motion made by Selectman Andrew Gottlieb. priation on an annual basis as unspent administrative and operational funds revert back to the Community Motion: I move the Town vote to re-authorize the Preservation Fund Balance. Council on Aging revolving fund, through the Town Accountant, in accordance with M.G.L. Chapter 44, The Community Preservation Committee voted 6- §530h, to be expended under the direction of the 0 in support of this article. Council on Aging; said fund to be funded by revenues collected from Council on Aging program income and The Board of Selectmen recommends approval by expended for purposes furthering the operation of pro- a vote of 5-0. grams by the Council on Aging, and to establish the limit on expenditures from said account for FY 2016 The Finance Committee recommends approval by at $15,000. a vote of 6-0, 1 absent. Motion passes unanimously at 8:05 PM. Motion made by Selectman John Cahalane. Motion: I move the Town vote to appropriate and transfer from the Community Preservation Fund Balance $40,000 to the Community Preservation Committee Administrative and Operating Expense Account. 59