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- 4 - <br />The vr_ite on the amended mat i or was 3 - 2, with Mrs. Smith Mr. <br />Dailey and Mr. McSweeney, voting in the negative. The amended m <br />ot,or <br />did not carry, NNW <br />The main motion, having been made and seconded, was voted <br />unanimously to authorizze the issuance of $10,000,000 in bonds to be <br />reps'd over a ten year period. <br />CONSENT AGEN <br />LUMM I TMENTS APPROVED <br />Upon motion duly made and seconded, it was voted to ap p rove the <br />commitment of the following charges: <br />Street Openi Permit fees in the amount of $150.00; <br />Cycle g Meter Installation and Retroactive charges, S52, <br />C ycle 9 dater Rills, 558,264.69 . <br />CoMPENSATTNG BALANCE CONTRACT <br />Mr. Wh i to noted that State law now allows towns to enter <br />compensati ne balance agreements for hanki ng services. <br />He listed banks which had responded to the bids solicited by the <br />Town for these services and recommended that ShawmutlA.rl i n ton Trus -*- he <br />awarded a one ve g <br />ar contract f or fiscal year 1.989. The. recommendations <br />of the Manager and the Comptroller on this award were based on cost <br />retraining and implementation considerations encountered in chanci na ­1 <br />from the Town's current association with Shawmut/Arlinaton. <br />Upon motion duly made and seconded, it was voted to approve an <br />Agreement for the Provision of Ranking Services hetween Shawmut Rank <br />N. A. and the Town of Lexington, for a term of twelve months starting 1, 1988 and ter � on <br />July m ' nati ng on June 30, 1989 . <br />ACTING TOWN MANAGER. <br />Mr. White acknowledged with appreciation Ms. R adwav' s fine <br />V <br />performance as Acting Town Manager in his absence during the past two <br />weeks, Mrs. Swi th extended the compliments of the Board on a iob well <br />done. <br />EXECUTTVE SESSION <br />Upon motion duly made and seconded, it was voted 5 - 0 by roll call <br />vote, Mrs. Smith, • Mr. Marshall, Mr. Eddi son , Mr. Dailey, Mr. McSweeney, <br />to go into Executive Session for discussion of possible litigation, with <br />no intent to resume open session. <br />Mr. Marshall left the meeting at this time. <br />Upon motion duly made and seconded, it was voted to adjourn at <br />9:57p.m. <br />a 4io now <br />EXPCUt1VP Clerk <br />A true record, Attest: <br />mow <br />