06/07/2004 SELECT BOARD Minutes - Laserfiche WebLink

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TOWN OF MASHPEE,MASSACHUSETTS CERTIFICATE RELATING TO CERTAIN MINUTES OF A MEETING OF THE BOARD OF SELECTMEN We, the undersigned members of the Board of Selectmen (the 'Board") of the Town of Mashpee, Massachusetts (the "Town"), hereby certify that the following is a true copy of excerpts from the minutes of a regular/special meeting of the Board duly called on June 7, 2004 at a.m./p.m. at (the "Meeting"), that (_) of the five (5) members of the Board constituting a quorum were in attendance and voting throughout and that all of the members of the Board were duly notified of the time, place and purposes of the Meeting. The following vote was duly adopted by vote of (_)yeas and (___)nays (the "Vote"). We further certify that the following is a true copy of a Vote adopted at the Meeting: "VOTED: (1) That the Town shall issue bonds for financing the costs of a community septic management program (the "Project"), in an aggregate principal amount not to exceed $200,000 (the "Bonds"), authorized under and pursuant to Chapter 111, Section 127B1/2 and Chapter 29C of the Massachusetts General Laws, as amended and supplemented, and by a vote of the Town, duly adopted, all as more particularly described herein. (2) The Bonds shall be dated as of their date of issuance and issued initially as registered Bonds, shall mature in annual installments and bear interest on such day(s) in each year as may be approved by the Treasurer and the Board of Selectmen in accordance with Schedule C appended to the Loan Agreement between the Town and the Massachusetts Water Pollution Abatement Trust (the "Trust") hereinafter described (the "Loan Agreement"), such approval to be evidenced by their execution of the Bonds. The Bonds are substantially in the form set forth as Exhibit B to the Loan Agreement and otherwise shall be issued in such manner and forms as the signatories shall approve by their execution thereof. (3) That the forms, execution and delivery of the Project Approval Certificate and Regulatory Agreement between the Town and the Deparhnent of Environmental Protection of the Commonwealth of Massachusetts dated March 24, 2004 and the Loan Agreement dated as of March 24, 2004 both as executed in the name and on behalf of the Town by the Treasurer or any other appropriate official of the Town in order to evidence the sale of the Bonds, are hereby approved, ratified and confirmed in all respects, with any changes therein not inconsistent with this Vote as may be approved by the Treasurer.or any other appropriate official of the Town. (4) That prior to the aforesaid sale of the Bonds to the Trust, in accordance with the terms of the Loan Agreement, the Town may issue its Interim Loan Note (the "Note") in anticipation of the issuance of said Bonds; that such Note shall be sold to the Trust at the price of par,plus accrued interest to its date of delivery, if any, and shall mature at such time or times and bear interest at such rate or rates as may be approved by the Treasurer and a majority of the Board in accordance with the terms of the Loan Agreement, such approval to be evidenced by their execution of such Note and such other related documents as bond counsel to the Town or officials of the Trust shall require in connection therewith. (5) That this Note issue shall consist of a $200,000 Interim Loan Note (Septic System Repairs) being all of the $200,000 Septic System Repairs Bonds authorized under Section 127B112 of Chapter 111 and Chapter 29C of the Massachusetts General Laws, as amended and supplemented and by a vote of the Town duly adopted under Article 8 of the Warrant at the 2003 Annual Town Meeting. • 9460929_1