03/20/2023 SELECT BOARD Minutes - Laserfiche WebLink

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21 Mashpee Select Board Minutes March 20, 2023 Execution ofthe Mai 1u2023 $frecial and Annual Town Meeting Warrants: Motion made by Selectman Sherman to execute the Special and Annual Town Meeting Warrant of May 1, 2023 as amended. Motion seconded by Selectman Cotton. VOTE: Unanimous. 5-0. Roll Call Vote: Selectman Weeden, yes Selectman Cotton, yes Selectman O'Hara, yes Selectman Sherman, yes Selectman Wyman -Colombo, yes Opposed, none Discussion and Possible Action with Re «ard to twovi2 b Debt Exclusion,Baliot iuestjgns for the Mai! 6 2023 Town Election: The Select Board reviewed the Questions proposed for the May 6, 2023 Annual Election Warrant. Question 1 proposes to fund the amount required to pay for the bonds to be issued to fund the construction completion of Phase 1 of the Town's comprehensive nitrogen and wastewater management, treatment and disposal improvement plans, including sanitary sewer mains, lift station and related wastewater improvements. The interest rate is 0% over the life of the loan. Motion made by Selectman Cotton to add Question 1 to the May ballot. Motion seconded by Selectman O'Hara. VOTE: Unanimous. 5-0. Roll Call Vote: Selectman Weeden, yes Selectman Cotton, yes Selectman O'Hara, yes Selectman Sherman, yes Selectman Wyman -Colombo, yes Opposed, none Question 2 proposes to fund the bonds to purchase/lease the new fire truck, HVAC design, engineering and construction with energy audit at the Schools, HVAC water piping design and construction at Town Hall, HVAC replacement, design, engineering and construction at the Police Department and the DPW roof replacement design, engineering and construction. Craig Mayen, Treasurer/Tax Collector recommended approval of Question 2. Mr. Mayen indicated the purchase of the new fire truck is not a lease. The HVAC systems are intended to be bonded for a period of 20 years. However, lifespans are guided by Chapter 44 §8, and lifespans may differ. The additional projects would be funded for 30 years. The average cost to the taxpayer is $85 reducing to $44 after 15 years. It was noted the initial $54 million for Phase I sewering has not been applied to the tax rate to date. Although the debt ratio appears high, it is actually low. The debt limit is 5% of the equalized value which is $4 million, 1% of the debt. Motion made by Selectman Cotton to add Question 2 to the May ballot as amended by deleting the word: lease. Motion seconded by Selectman Sherman. VOTE: Unanimous. 5-0. Roll Call Vote: Selectman Weeden, yes Selectman Cotton, yes Selectman O'Hara, yes Selectman Sherman, yes Selectman Wyman -Colombo, yes Opposed, none