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Town of Mashpee Article 2 Annual Town Meeting To see if the Town will vote to appropriate and transfer Mashpee High School from unexpended amounts previously borrowed by the Monday, October 15,2018 Town for the various road projects listed below, but which are no longer needed to complete the projects Town Meeting opened at 7:28 PM for which they were borrowed,the sum of$15,223.27, Voters Present 589 to pay costs associated with said various road projects, Quorum 0 or take any other action relating thereto. Barnstable,ss: Horseshoe Bend Way $56.26Pleasant Park $601.20 Cape Drive $38.79Sandy Fox/Fox Hill Rd 2,020.12 Greetings to the Constables of the Town, Bayshore Drive $60.530ckway Bay Rd $499.85 Great Hay Estates $36.42Shorewood Drive $4,507.81 In the name of the Commonwealth of Massachusetts, Holly/Autumn Drive $3269.14Sarakumit Village $3,567.87 you are hereby directed to notify and summon the Quail Hollow Road $545.28Santuit Woods $20 inhabitants of the Town of Mashpee who are qualified to vote in the elections to meet at the Mashpee High Submitted by the Finance Director School on Monday,the 151day of October 2018 at 7:00 p.m.for the following purposes: Explanation: These funds are surplus bond proceeds from the various road projects noted in the Article. To act on the articles contained in the following These amounts were not included in the street Warrant. betterment assessments that were assessed to homeowners. Article 1 The Board of Selectmen recommends Town To see if the Town will vote to appropriate and transfer Meeting approval by a vote of 4-0. the sum of $272,919.06 from the Street Betterment Reserved Receipts account to the Principal Inside 2 %6 The Finance Committee recommends Town account,or take any other action relating thereto. Meeting approval by a vote of 6-0. Submitted by the Town Treasurer Motion made by Selectman John Cahalane. Explanation: This article is for the purpose of Motion: I move the Town vote to appropriate and distributing the payments made for street betterments transfer from unexpended amounts previously within 30 days of assessment. This transfer will reduce borrowed by the Town for the various road projects the amount of interest paid on the Bond when the listed below, but which are no longer needed to remaining amount is bonded. complete the projects for which they were borrowed, the sum of$15,223.27, to pay costs associated with The Board of Selectmen recommends Town said various road projects. Meeting approval by a vote of 4-0. Motion passes unanimously at 7:34 PM. The Finance Committee recommends Town Meeting approval by a vote of 5-0. Article 3 Motion made by Selectman Carol Sherman. To see if the Town will vote to appropriate and transfer from unexpended amounts previously borrowed by the Motion: I move the Town vote to appropriate and Town pursuant to the vote under Article 4 of the May transfer the sum of $272,919.06 from the Street 7,2012 Annual Town Meeting but which are no longer Betterment Reserved Receipts account to the Principal needed to complete the project for which they were Inside 2 1/z account. borrowed, $237.77 to pay costs associated with the Motion passes unanimously at 7:33 PM. 63