1987-03-02- To 1987-05-13-ATM-min

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ADJOURNED SESSION - 1987 ANNUAL TOWN MEETING APRIL 6, 1987 The meeting was called to order by the moderator Margery M. Battin at 8:02 p.m., in Cary Memorial Hall. There were 183 Town Meeting Members present. The invocation was offered by the Reverand Msgr. John P. Keilty, St. Brigid's Church. 8:03 p.m. The Moderator offered the Town's appreciation to Stephen Cripps, Planning Board member, who will be moving from Lexington. 8:05 p.m. The Moderator stated that Article 2 will be open throughout. Judith Uhrig, Planning Board, explained that the Planning Board will hold an information meeting within the Town Meeting on April 15 in order to outline Article 43 and to ask for comments and questions, and to aid in any possible amendments which will be offered because of the ramifications of making changes from the floor. 8:08 p.m. In reply to a question from Robert Rotberg as to exactly what time the information meeting would be held, Mrs. Uhrig replied in the middle. 8:09 p.m. ARTICLE 13. STABILIZATION FUND MOTION: That the sum of $300,000 be appropriated for a (passed-see stabilization fund in accordance with G.L. Chapter 40, Section below 5-B, and that such amount be raised in the tax levy, reconsidered and amended-see Presented by John Eddison, Selectman. 8:10 p.m. Page 144) This fund will be a hedge against the future allowing the Town to respond effectively. There is no penalty as to state reimbursement funds. Mr. Eddison listed several priority items for expenditures. 8:15 p.m. John Hayward, Precinct 5, asked where the money would be placed. The Town Manager replied that it would be invested with other town monies. 8:16 p.m. In reply to a question from Ronald Levy, Precinct 1, Mr. Eddison replied that there is no free lunch. The $300,000 for this purpose will not be available for other purposes. 8:17 p.m. Michael O'Sullivan stated the Appropriations Committee approval, thinking of it as an investment plan and a tax shelter which still allows us favorable state assistance. Richard Michelson stated the support of the Capital Expenditures Committee. 8:19 p.m. The motion carried by voice vote. 8:19 p.m. Robert Rotberg, Precinct 3, served Notice of Reconsideration. 8:19 p.m. - - ARTICLE 14. ESTABLISHMENT OF ENTERPRISE FUNDS MOTION: That the Town accept Section 39K of Chapter 40 of the (passed - General Laws for the establishment of a water enterprise fund see Page and a sewer enterprise fund. 117) Presented by Jacquelyn Smith, Selectman. 8:20 p.m. This will be the beginning of management of skyrocketing costs through user fees. The Town Meeting still authorizes the money to be brought out