10/16/2023 SELECT BOARD Minutes - Laserfiche WebLink

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3 Mashpee Select Board -Finance Committee Minutes October 16, 2023 CONVENE JOINT MEETING WITH THE FINANCE COMMITTEE NEW BUSINESS Review of Annual Town Meetinw Warrant .Motions and Possible „Amendments uto,Motions ,withwthe Finance Committee Town Counselandthe µTown Moderator: �. ... . ......w _ . . Honorable members of the Select Board and Finance Committee met with Town Counsel and the Town Moderator to review motions and possible amendments to the October 16, 2023 Town Meeting warrant. ADDITIONAL TOPICS (This space is reserved for topics that the Chair did not reasonably anticipate would be discussed) Reo . ep.....n..._Warrant for Review/ endment of,Article i Article 1 'Wastewater Plannin „and,,,Desin ....�................_.....M.......,._._......._..w�ww._.Am......_........................_.................._....._._..v..w�w.............................................................�. Ap rqp Ation Funding Source: Motion made by Selectman Cotton to reopen the Fall Annual Town Meeting Warrant for the purposes of review and substitution of Article #1. Motion seconded by Selectman Sherman. VOTE: Unanimous. 5-0. Roll Call Vote: Selectman Cotton, yes Selectman O'Hara, yes Selectman Sherman, yes Selectman Weeden, yes Selectman Wyman -Colombo, yes Opposed, none Town Counsel Patrick J. Costello indicated the Select Board motioned at their October 12, 2023 meeting to allow the transfer of $3,000,000 from revenue available for appropriation (free cash). Re- opening the warrant would allow for the substitution of Article # 1 which merely adds the transfer of funds and the authorization to allow the Treasurer to borrow the amount of $4,500,000 under M.G.L. Chapter 44 sections 7 and/or 8 or any other enabling authority to issue such bonds or notes as may be necessary for such purpose .... The warrant would then be closed allowing the legislative body of Town Meeting the authority to vote at the October 16, 2023 Town Meeting. With the concurrence of the two bodies; the Select Board and Town Meeting, action can be taken on the new substitute article which seeks a dual funding source, a required a debt authorization by ballot. Motion made by Selectman Weeden to Substitute Article #1 of the October 16, 2023 Town Meeting warrant adding the new and revised language as referenced. Motion seconded by Selectman Sherman. VOTE: Unanimous. 5-0. Roll Call Vote: Selectman Cotton, yes Selectman O'Hara, yes Selectman Sherman, yes Selectman Weeden, yes Selectman Wyman -Colombo, yes Opposed, none The Finance Committee is not required to re -vote on this article. Copies of the revised motion would be distributed to the voters at Town Meeting.