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Town of Mashpee Article 2 Annual Town Meeting To see if the Town will vote to amend and supplement Mashpee High School each prior vote of the Town that authorized the Monday, October 16,2017 borrowing of money to pay capital project costs to provide that, in accordance with Chapter 44, Section Town Meeting opened at 7.21 PM 20 of the General Laws, as amended by the Acts of Voters Present 320 2016,c.218, § 67,the premium received by the Town Quorum 0 upon the sale of any bonds or notes thereunder,less the costs of preparing,issuing and marketing such bonds or Barnstable,ss: notes, may be applied to pay project costs and the amount authorized to be borrowed for each such project Greetings to the Constables of the Town, shall be reduced by the amount of any such premium so applied,or take any other action relating thereto. In the name of the Commonwealth of Massachusetts, Submitted by the Town Treasurer you are hereby directed to notify and summon the inhabitants of the Town of Mashpee who are qualified Explanation: This article is needed to amend bonding to vote in the elections to meet at the Mashpee High authorization articles that were approved prior to School on Monday, the 161 day of October 2017 at passage of the Municipal Modernization Act in August 7:00 p.m.for the following purposes: 2016,so the premiums received upon the sale of such bonds may be applied to the costs of the project being To act on the articles contained in the following financed and to reduce the amounts authorized to be Warrant. borrowed by the applied amount. Article 1 The Board of Selectmen recommends Town Meeting approval by a vote of 5-0. To see if the Town will vote to appropriate and transfer The Finance Committee recommends Town the sum of $27,145 from revenue available for appropriation to the Principal inside 2 1/2 account, or Meeting approval by a vote of 5-0. take any other action relating thereto. Motion made by Selectman John Cotton. Submitted by the Town Treasurer Motion: I move the Town vote to amend and supplement each prior vote of the Town that authorized Explanation: This article is for the purpose of funding the borrowing of money to pay capital project costs to the debt associated with the CW-50-C loan from the provide that,in accordance with Chapter 44,Section 20 state. The final debt schedule was received after the of the General Laws,as amended by the Acts of 2016, articles were submitted for May 2017 Annual Town c.218,§67,the premium received by the Town upon the Meeting. sale of any bonds or notes thereunder,less the costs of preparing,issuing and marketing such bonds or notes, The Board of Selectmen recommends Town may be applied to pay project costs and the amount Meeting approval by a vote of 5-0. authorized to be borrowed for each such project shall be reduced by the amount of any such premium so applied. The Finance Committee recommends Town Meeting approval by a vote of 5-0. Motion passes unanimously at 7:23 PM. Article 3 Motion made by Selectman Thomas O'Hara. To see if the Town will vote to transfer$325,000 from Motion: I move the Town vote to appropriate and the Assessors Overlay Surplus Account to the transfer the sum of$27,145 from revenue available for Assessors Revaluation Account, or take any other appropriation to the Principal inside 2 1/z account. action relating thereto. Motion passes unanimously at 7:22 PM. Submitted by the Town Assessor 71