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n <br />Select Board <br />Minutes <br />March 18, 2024 <br />APPOINTMENTS & HEARINGS <br />Presentation: Calae Cod Regional Technical High School Fiscal Year 2025 Budget <br />Ca ne Cod Re ional Technical Hi. School Business Administrator Erin Orcutt: (continued)° M <br />In <br />FY2019 the Cape Cod Technical School issued a bond in the amount of $68,985,000 at 3.32% for the new <br />facility. The 20-year bond with fixed principal is due to expire in 2039. The FY2025 capital debt assessment to <br />the Town of Mashpee is $476,292. The increase is due to the 5 additional students. <br />With the capital assessment of $476,292 and the operating assessment of $1,142,273 the total estimated <br />assessment for FY2025 for the Town of Mashpee is $1,618,565. <br />In closing, it was noted that $300,000 is funded each year for the Other Post Employment Benefits (OPEB). <br />The balance of the OPEB Reserve is $2,278,387. The net position of funding to liability is 14.35%. The Cape <br />Cod Technical School was noted to have joined the Plymouth County OPEB Trust in 2015. The investment <br />pool is strong as it is comprised of other counties. The fees are reasonable and the earnings have been <br />substantial. <br />Discussion followed with respect and concern to the rising costs associated to the school budget. <br />Ms. Orcutt indicated there are no plans to increase staffing significantly. Any revenue that is returned is used as <br />an offset for student supplies and materials. The school has a robust community program. Some of which is <br />free for the unemployed, and grant funded by the Workforce Investment Board and other lease agreements such <br />as the YMCA that generate revenue. The school is planning on purchasing land to instruct students on <br />environmental, agricultural, and animal sciences in the future. Grant funds are being reviewed to secure <br />infrastructure costs. <br />Discussion and Approval of Teml or SignmPermit: <br />BostonInteriors-„Ann............lntSale May 16 2024 to Ma 20. 2024: <br />A <br />Temporary Sign Permit application was before the Select Board for (5) temporary signs for the annual Boston <br />Interiors Tent Sale scheduled to be displayed from May 16, 2024 to May 20, 2024. Two 2'x3' free standing <br />signs, two flag signs 2'x3' and one Yx13' temporary banner is proposed. <br />Motion made by Selectman Wyman -Colombo to approve the Temporary Sign Permit Application of <br />Boston Interiors for their annual furniture sale as presented. <br />Motion seconded by Selectman O'Hara. <br />VOTE: 4-0. Unanimous. <br />Roll Call Vote: <br />Selectman Cotton, yes <br />Selectman O'Hara, yes <br />Selectman Wyman -Colombo, yes <br />Selectman Sherman, yes <br />Opposed, none <br />