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Selectmen's Meeting August 12, 1988
<br />_3-
<br />BOND SALE
<br />Mr. Hutchinson updated the Board on the bond sale and asked that three
<br />documents be signed: the award for the $19,840,000 loan of bonds,
<br />$11,870,000 for school improvements and $1,770,000 f or conservation ]sand
<br />acquisition to Shawmut Bank of Boston at a net interest cost of 8.2875, a
<br />price of $100.0092; a No Arbitrage Certificate, which commits the Town to
<br />comply with current tax Laws with respect to investing bond proceeds and a
<br />Signature and No Litigation Certificate which confirms that the process of
<br />authorizing the bonds is legal.
<br />Upon motion duly made and seconded, it was voted that the sale of the
<br />$19,840,000 Municipal Purpose Loan of 1888 bonds of the Town dated
<br />August 15, 1986, to Shawmut Bank of Boston, N.A, at 100.0092 and trued
<br />interest is hereby confirmed. The bonds are payable on 15 of the
<br />years and in the principal amounts and bear - -- inters the respective rates
<br />as follows:
<br />It was further voted that the consent da }=ed Au "ust 7, 1-986 to the
<br />cert i f y i ng bank biding for the bonds is hereby conf i rmed =
<br />Upon motion duly .made made and seconded , i } was voted t� approve and e.. a Wu'�,�e
<br />the No Arbitrage Cert �f 3 mate, Bonds, relative to the use of t he amount:
<br />borrowed.
<br />Upon. motion duly made and seconded, it was voted to execute ttl: e
<br />No Arbitrage Vert i f i cate , Bonds, relative to the use of the bond proceed= .
<br />upon motion duly made and seconded, it was voted to execute the
<br />Si gnat ure and No L i t. i ga t i cn %ert i f i. mate as proof of the 2.e g al;& t— 0f al?
<br />processes in the transaction.
<br />0R 1'S L F '"�'E TRAFF`T t SAF`Emv r. � -•' � S�} ' i �' " L
<br />LWV RE UESmS RE: SAFETY 'C N(ZERNS ELEMENTARY S� HOU"LS
<br />The Board reviewed the recommendations of the Traffic Safety Advisory
<br />Committee on the suggestions by the League of Women Voters for improved
<br />traffic safety in elementary school areas throughout the Town.
<br />Regarding the League's concerns relative to marking of school entrances
<br />and approaches, the Committee agreed with its request for uniformity n
<br />mark th roughout the Town
<br />interest
<br />Interest
<br />Year
<br />Amount
<br />gate
<br />Year
<br />A mount
<br />R at e
<br />"987
<br />$925,000
<br />5.25
<br />11995
<br />, 000
<br />8
<br />M 11
<br />925,000
<br />X5.25
<br />11888
<br />925,000
<br />8090
<br />1988
<br />925
<br />8.25
<br />1987
<br />900,000
<br />84180
<br />:990
<br />925,000
<br />8.25
<br />+998
<br />900,000
<br />8
<br />1991
<br />925,000
<br />8.25
<br />1999
<br />900,000
<br />8.80
<br />1992
<br />925,000
<br />8.25
<br />2000
<br />900,000
<br />8090
<br />.993
<br />925,000
<br />6
<br />2001
<br />790,000
<br />8.90
<br />1994
<br />925,000
<br />8180
<br />It was further voted that the consent da }=ed Au "ust 7, 1-986 to the
<br />cert i f y i ng bank biding for the bonds is hereby conf i rmed =
<br />Upon motion duly .made made and seconded , i } was voted t� approve and e.. a Wu'�,�e
<br />the No Arbitrage Cert �f 3 mate, Bonds, relative to the use of t he amount:
<br />borrowed.
<br />Upon. motion duly made and seconded, it was voted to execute ttl: e
<br />No Arbitrage Vert i f i cate , Bonds, relative to the use of the bond proceed= .
<br />upon motion duly made and seconded, it was voted to execute the
<br />Si gnat ure and No L i t. i ga t i cn %ert i f i. mate as proof of the 2.e g al;& t— 0f al?
<br />processes in the transaction.
<br />0R 1'S L F '"�'E TRAFF`T t SAF`Emv r. � -•' � S�} ' i �' " L
<br />LWV RE UESmS RE: SAFETY 'C N(ZERNS ELEMENTARY S� HOU"LS
<br />The Board reviewed the recommendations of the Traffic Safety Advisory
<br />Committee on the suggestions by the League of Women Voters for improved
<br />traffic safety in elementary school areas throughout the Town.
<br />Regarding the League's concerns relative to marking of school entrances
<br />and approaches, the Committee agreed with its request for uniformity n
<br />mark th roughout the Town
<br />
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