10/18/2010 Annual Town Meeting - Laserfiche WebLink

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Article 4 To see if the Town will vote to transfer $12, 240 from the Interest Temporary Borrowing Inside 2 1/2Account to the Interest Temporary Borrowing Outside 2 1/2, or take any other action relating thereto. �)ubmitted by the Treasurer/Collector Explanation: The short-term notes issued to finance construction of the Library Project matured on September 3rd, 2010. The notes were rolled for 90 days so that the Town could receive the Final payments due from the Commonwealth of Massachusetts and reduce the long-term bond issue by that amount. The excess balance in the Interest Temporary Borrowing Inside 2 1/2 budget is being utilized to offset the interest expense incurred for the additional 90 day Bond Anticipation Notes. The Board of Selectmen recommends approval by a vote of 5-0. The Finance Committee recommends approval by a vote of 6-0. Motion made by Selectman Carol Sherman. Motion: I move the Town vote to transfer $12, 240 from the Interest Temporary Borrowing Inside 2 1/2Account to the Interest Temporary Borrowing Outside 2 1/2Account. Motion passes unanimously at 7:23 PMO To see if the Town will vote to create two new part-time Circulation Assistant positions (19 hours/week) for the Mashpee Public Library under the Personnel Administration Plan, Grade W, Step 1, or take any other action relating thereto. =07MV MKIMITAMMMFJMI�� Explanation-, This article creates two new part-time positions, however due to fiscal constraints they will not be funded at this time. Future cost of each position will be $13,630, for a total of $271260. The Circulation Assistant will work to co-ordinate the volunteer's tasks, allowing the Children's Librarian time to focus on professional tasks such as book selection, programs and reference services. The Board of Selectmen recommends approval by a vote of 5-0. The Finance Committee 4 against 3 for approval. Motion made by Selectman Theresa Cook. An M1