|
VOTE OF THE BOARD OF SELECTMEN
<br /> I, the Clerk to the of the Board of Selectmen of the Town of Lexington, Massachusetts
<br /> (the"Town"), certify that at a meeting of the board held February 13, 2017, of which meeting all
<br /> members of the board were duly notified and at which a quorum was present, the following votes
<br /> were unanimously passed, all of which appear upon the official record of the board in my
<br /> custody:
<br /> Voted: that the maximum useful life of the departmental equipment listed
<br /> below to be financed with a portion of the proceeds of the $1,089,000 borrowing
<br /> authorized by the vote of the Town passed May 14, 2015 (Article 1 lb)is hereby
<br /> determined pursuant to G.L. c.44, §7(1)to be as follows:
<br /> Purpose Borrowing Amount Maximum Useful Life
<br /> Windrow Turner $475,000 10 Years
<br /> Further Voted: that the sale of the $45,475,000 General Obligation Municipal
<br /> Purpose Loan of 2017 Bonds of the Town dated February 16, 2017 (the"Bonds")to
<br /> Robert W. Baird & Co., Inc. at the price of$47,516,133.27 and accrued interest, if any, is
<br /> hereby approved and confirmed. The Bonds shall be payable on February 15 of the years
<br /> and in the principal amounts and bear interest at the respective rates, as follows:
<br /> Interest Interest
<br /> Year Amount Rate Year Amount Rate
<br /> 2018 $2,710,000 2.00% 2030 $1,135,000 4.00%
<br /> 2019 2,665,000 3.00 2031 1,135,000 3.00
<br /> 2020 2,650,000 3.00 2032 1,135,000 3.125
<br /> 2021 2,635,000 4.00 2033 1,135,000 3.25
<br /> 2022 2,420,000 4.00 2034 1,135,000 3.25
<br /> 2023 2,015,000 4.00 2035 1,135,000 3.25
<br /> 2024 2,010,000 4.00 2036 1,135,000 3.375
<br /> 2025 2,010,000 4.00 2037 1,135,000 3.375
<br /> 2026 2,005,000 4.00 2038 1,130,000 3.375
<br /> 2027 1,890,000 4.00 2039 1,130,000 3.40
<br /> 2028 1,140,000 4.00 2042 3,390,000 3.40
<br /> 2029 1,135,000 4.00 2047 5,460,000 3.50
<br /> Further Voted: that the Bonds maturing on February 15, 2042 and February 15,
<br /> 2047 (each, a"Term Bond") shall be subject to mandatory redemption or mature as
<br /> follows:
<br />
|