1999-08-BOS-min - Laserfiche WebLink

Browse Search

61-400 Selectmen's Meeting - August 30, 1999 Sale of Bonds to Massachusetts Water Pollution Abatement Trust Upon motion duly made and seconded, it was voted: (1) That the Town shall issue a bond or bonds in an aggregate principal amount not to exceed $400,000 (the "Bonds") pursuant to Chapters 29C and 44 of the General Laws and a vote of the Town passed April 7, 1997 (Article 9), for construction of sewers and other water pollution control facilities (the "Project"); (2) That each Bond shall be issued as a single registered security, and sold to the Massachusetts Water Pollution Abatement Trust (the "Trust") at a price of not less than the principal amount of the bond, less the Town's allocated share of the costs of issuance of the Trust's bonds; (3) That the Treasurer is authorized to determine the date, the form, the maximum interest rate and the principal maturities of each Bond, and to execute a Loan Agreement with the Trust with respect to the sale of the bonds, such date, form and maturities and the specific interest rate or rates of the Bonds to be approved by a majority of the Board of Selectmen and the Treasurer and evidenced by their execution of the Bonds; (4) That all action taken to date by the Town and its officers and agents to carry out the Project and its financing, including the execution of any loan commitment or agreement by the Treasurer, are hereby ratified, approved and confirmed; and (5) That the Treasurer and the other appropriate Town officials are each hereby authorized to take any and all actions necessary and convenient to carry out the provisions of this vote, including execution and delivery of the Loan Agreement and the Project Regulatory Agreement relating to the Project. Bell Atlantic Grant of Location Hearing - Marrett Road (Coppersmyth Way) Bell Atlantic Representative Dan Fitzgibbons presented the petition for a grant of location for conduit to be installed to provide underground telecommunications service to a new eight unit residential development to be located off Marrett Road, called Coppersmyth Way. There were complaints received from neighbors that the contractor has been working in the area for weeks and the neighbors have been subjected to a great deal of dust being blown into their homes. Mr. Harry White representing the contractor explained that they were sorry for the inconvenience and have accelerated the landscaping. They did run into ledge and that was the reason the work took so long.