06/07/2004 SELECT BOARD Minutes - Laserfiche WebLink

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5 Board of Selectmen Minutes June 7, 2004 OLD BUSINESS.. Orchard Road Signalization Discussion: The Board of Selectmen discussed the critical need for signalization in Mashpee. In particular,the Orchard Road intersection off Route 28 was prioritized. The Town Administrator was directed to remit correspondence to the Cape Cod Commission in request to move the mitigation process forward within the next ninety days. APPOINTMENTS AND HEARINGS: Library Buildin Committee: .ommittee: Sheldon Gilbert, Chair of the Library Building Committee gave an in- depth discussion on his committee's recommendations regarding the construction and financing of a new Library for the Town of Mashpee. Revised building elevations and floor plans for the 17,370 square foot Library were presented to the Selectmen as were staffing needs and operational costs for the new$4,449,000 facility. A capital fundraising campaign is underway. To date,pledges in the amount of$130,000 have been received toward the $1.5 million goal. The privately donated funds would be used to finance all costs above the amount provided by the Town to bring the new Library to the residents of the Town of Mashpee. It was noted that it is necessary to secure $1 million in private donations before the Town can ask the voters to approve the capital expenditure. The Library Building Committee has proposed the Selectmen support an article to be included in the warrant to raise and appropriate $3,500,000 for the Library facility. The Selectmen's public support for the development of a new Library would enable the committee to continue fund raising efforts and to prepare a major publicity program. It was agreed that the Town would not go to bond market until after the new fiscal year 2007 which begins on July 1, 2006 in order to ensure that enough debt has been retired to enable the Town to secure proceeds from the sale of revenue bonds without increasing taxes.