1998-04-29-ATM-min - Laserfiche WebLink

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8:54 p.m. Mr. Cunha requested the Moderator recognize John Ryan, Finance Director and Retirement Board Ex- Officio Member. 8:54 p.m. Mr. Ryan explained that passage of this article is required due to the noncontributory retirees not having been included in the previous act adopted. There is a $2,900 maximum exposure on an annual basis. 8:55 p.m. Selectman Elizabeth Eddison reported the Selectmen unanimously support this article. 8:55 p.m. Paul Lapointe, Appropriation Committee, reported the Committee's unanimous support of this article. 8:56 p.m. David Kanter, pr.7, questioned constitutional issues if non- contributory retirees are not included. John Ryan reported the only measure is the requested home rule measure. 8:56 p.m. Following a voice vote, the Moderator declared the motion under Article 55 adopted. 8:56 p.m. Paul Lapointe, Appropriation Committee, served notice of reconsideration of Article 54. ARTICLE 28: STABILIZATION FUND 8:57 p.m. Presented by Selectman Dan H. Fenn, Jr. ---------------------------- MOTION: That the sum of $100,000 be appropriated to the stabilization fund established under Chapter 40 of the General Laws as amended and that such amount be raised in the tax levy. -------------------------------- 8:57 p.m. Mr. Fenn explained statutory requirements governing funding of the stabilization fund, with maximum allowable appropriation of $5,694,063 being a little ambitious. Mr. Fenn explained that the approximately $103,000 currently in the fund is expected to be used toward the Fire Department's purchase of an approximately $500,000 ladder truck in 1999. Mr. Fenn reported the Board of Selectmen recommend approval of Article 28. 9:00 P.M. Karen Dooks, Capital Expenditures Committee, reported the Committee unanimously supports the article. 9:00 P.M. Steve Coit, Appropriation Committee, reported that a majority of the Committee supports the article. The minority of the Committee is concerned that the expenditure of the funds is subject to a 2/3 vote. 9:01 P.M. Following a voice vote, the Moderator declared the motion unanimously adopted. ARTICLE 31: LAND ACQUISITION 9:01 P.M. Presented by Joyce Miller, Conservation Commission ---------------------------- MOTION: That this article be indefinitely postponed. -------------------------------- 9:01 P.M. Ms. Miller explained that the land of the Pilgrim Congregational Church anticipated to be available to the Town is not yet ready. The Commission plans to be back to Town Meeting in 1999. 9:02 p.m. Following a voice vote, the Moderator declared the motion unanimously adopted. Adjourned Session 1998 Annual Town Meeting, cont.... - April 29, 1998