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Selectmen's Meeting �7- September 10, 1990 CHAPTER 90 MEMORANDUM OF AGREEMENT Upon motion duly made and seconded, it was voted to approve and execute a Chapter 90 Memorandum of Agreement Reimbursement Form in the total amount of $204,037.00 as requested by the Mass. Dept. of Public Works. APPOINTMENT OF ACTING TOWN MANAGER Upon motion duly made and seconded, it was voted to approve the appointment of Deborah Radway as Acting Town Manager, from September 24, 1990 through October 9, 1990, during the absence of Richard J. White, Town Manager. LOCKBOX SERVICES TAX BILL PRINTING CREDIT CARD PROCESSING CENTURY BANK Mr. White requested approval of compensating balance agreements with Century Bank, as recommended by John Ryan, Comptroller, for lockbox services, tax bill printing and credit card processing, which is in accordance with the action of 1990 Town Meeting authorizing the approval of such contracts. Mr. White explained that the use of credit cards by citizens for the payment of Town bills such as parking tickets, dog licenses, building permits, water, sewer and recreation fees could increase revenues by a few thousand dollars per year because it is 30 percent more expensive for the Town to process charges for checks than for credit cards. Real Estate payments will not be accepted via charge card at this time. The use of magnetic tape and optical coding for all bills used in lock box transactions will also increase town revenues due to the speed in collection and processing time needed for payments made in this manner. Upon motion duly made and seconded it was voted to approve compensating balance agreements with century Bank, West Somerville, MA, for lockbox services, tax bill printing /stuffing, and credit card processing, which is in accordance with the action of 1990 Town Meeting authorizing the approval of such contracts. FIVE YEAR FINANCIAL FORECAST Mr. White presented information on the projected Five Year Forecast from FY91 through FY96. This table was prepared by using a factor of 3 1/2% for FY91. In addition, Mr. White stated that if CLT passes, the Town will lose a minimum of 2 million dollars in State Aid. The Legislature will probably reduce reimbursement to the Minimum Aid Communities such as Lexington, Andover, Newton Concord., since they have done so historically. All departments and programs will be affected if this happens, including Police, Fire Dept. and Town Hall. GRANT APPLICATION OLD LEX. INTERCEPTOR ABANDONMENT PROJECT Upon motion duly made and seconded, it was voted to authorize the Town Manager, Richard J. White, to file application for a grant and /or loan assistance, execute agreements regarding and perform any and all other action necessary under the Massachusetts C1ean'Waters Act, Water Pollution Abatement Revolving Loan Program for the construction of one connection to the Millbrook Valley Relief Sewer and improvements to the wastewater collection system at