1950-01-30-AC-MIN.pdf - Laserfiche WebLink

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3 The following might be suggested as methods of transferring to satisfy the $242,500: E. & D. 153, 800. Road Machinery 18, 700. Sewer Assessment Fund 25,000. Water " " 25,000. Water Available Surplus 10,000. Overlay Reserve 10,000. $242,500+ The result of doing the above will be as follows: Reduce E. & D. to $250,000. leaving a maximum of 811, 200. to be transferred at a Special Town Meeting. It will only authorize the borrowing of $100,000. during 1950, but will put the Town in a bor- rowing position for Sewer Loan in case a major project came up. It does not take into consideration the cost of any other jobs such as Police Station, Barnes property, etc. Everyone should look ahead for two or three years and see what has actually got to be bonded and in all fairness to the taxpayers, try and keep the bonded indebtedness to a minimum this year. Next year this is the prospect for borrow- ings: Outside Debt Limit New High School $1, 750,000. Inside Debt Limit If the Wheeler property, Simonds property, Wood Street development, along with Woodhaven development coming in, the Sewer problem in the areas mentioned above will, for Trunk-lines alone, run into approximately $750,000. This includes low level sewer. In order to do the above projects which most everyone now believes is necessary it will be necessary to keep the borrow- ing for 1950 at a minimum. The following articles were given unfavorable consideration: April 19 - additional 13, 000. Reassessment of Town 30,000. 4 new radios Fire Department The Capital budgets were discussed with Long Range Plan- ing Committee from 8:05 until 10:00 P.M. Meeting adjourned at 11 :05 P. M. Respect-fully submitted 4U)*IqUIA" 51‘1 Secretary Next meeting at 1:00 P. M. Saturday February 4, 1950.