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2002 Annual Town Meeting—Adjourned Session of April 28, 2003 cont... <br /> Mr. Bhatia explained in light of anticipated reduced cost for necessary improvements at <br /> Fire Headquarters, the amendment would reduce the amount requested to be funded and <br /> authorized to be borrowed. Mr. Bhatia reported the Appropriation Committee <br /> unanimously recommends the substitute motion. <br /> William Kennedy reported the Board of Selectmen's unanimous support of the substitute <br /> motion. <br /> Sheldon Spector reported the Appropriation Committee's unanimous support of the <br /> substitute motion. <br /> 10:17 p.m. SUBSTITUTE MOTION ADOPTED. <br /> Discussion followed on expenditures for work completed and future work needed at the <br /> Cary Memorial Building, as well as public access to Fire Headquarters. <br /> 10:28 p.m The Moderator declared the Motion for ARTICLE 8 (1) as amended, <br /> ADOPTED by more than the required two-thirds vote. <br /> 10:28 p.m. Narain Bhatia, Capital Expenditures Committee, served Notice of <br /> Reconsideration on Article 8 (1). <br /> 10:29 p.m. Presented by Selectman Leo McSweeney. <br /> ARTICLE 31: USE OF FUNDS TO REDUCE THE TAX RATE <br /> MOTION: That the sum of$640,333 be appropriated to reduce the tax levy for <br /> the fiscal year beginning July 1, 2003, and that such amount be transferred from <br /> the Unreserved Fund Balance. <br /> Appropriation Committee Chairman Deborah Brown reported the Appropriation <br /> Committee's agreement and unanimous support of the motion. <br /> A brief discussion ensued on potential impact of any possible reconsideration of <br /> financial articles prior to dissolution of the meeting and remaining free cash balance and <br /> bond rating impact. <br /> 10:35 p.m MOTION ADOPTED. <br /> 10:36 p.m. Selectman Leo McSweeney moved to postpone debate on articles 12, 14, <br /> 23, and 25 until April 30th. MOTION ADOPTED. <br /> 10:36 p.m. Deborah Brown, Appropriation Committee, served Notice of <br /> Reconsideration on Article 31. <br /> 10:36 p.m. Selectman Leo McSweeney moved the meeting be adjourned until 8:00 <br /> p.m., Wednesday, April 30, 2003, at the National Heritage Museum. <br /> MOTION ADOPTED. <br /> A true copy: <br /> Donna M. Hooper, Town Clerk <br />