2017-02-13 BOS Packet - Released

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Term Bond due February 15, 2042 Year Amount 2040 $1,130,000 2041 1,130,000 2042* 1,130,000 *Final Maturity Term Bond due February 15, 2047 Year Amount 2043 $1,130,000 2044 1,130,000 2045 1,125,000 2046 1,125,000 2047* 950,000 *Final Maturity Further Voted: to approve the sale of a $13,387,096 1.25 percent General Obligation Bond Anticipation Notes of the Town dated February 16, 2017 and payable February 16, 2018 (the "Notes")to Eastern Bank at par plus a premium of$38,956.45. Further Voted: that in connection with the marketing and sale of the Bonds, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated January 31, 2017 and a final Official Statement dated February 7, 2017, each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved and adopted. Further Voted: that in connection with the marketing and sale of the Notes, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated January 31, 2017 and a final Official Statement dated February 7, 2017, each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved and adopted. Further Voted: that the Town Treasurer and the Board of Selectmen be, and hereby are, authorized to execute and deliver Continuing and Significant Events Disclosure undertakings in compliance with SEC Rule 15c2-12 in such forms as may be approved by bond counsel to the Town, which undertakings shall be incorporated by reference in the Bonds and Notes, as applicable, for the benefit of the holders of the Bonds and Notes from time to time. Further Voted: that we authorize and direct the Treasurer to establish post issuance federal tax compliance procedures in such form as the Treasurer and bond counsel deem sufficient, or if such procedures are currently in place, to review and update 2