2012-02-BOS-min - Laserfiche WebLink

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Selectmen’s Meeting February 13, 2012 A regular meeting of the Board of Selectmen was held on Monday, February 13, 2012, at 6:00 p.m. in the Selectmen Meeting Room of the Town Office Building. Chairman Manz, Mr. Kelley, Mr. Cohen, Mr. Burnell and Ms. Mauger; Mr. Valente, Town Manager; and Ms. Chabot, Assistant to the Executive Clerk, were present. Executive Session Upon motion duly made and seconded, it was voted 5-0 by roll call to go into executive session at 6:00 p.m. to discuss strategy with respect to potential litigation regarding Shire HKT compliance with Noise Bylaw and to reconvene in open session. The chairman further declared that an open meeting may have a detrimental effect on the litigating position of the Town. Upon motion duly made and seconded, it was voted 5-0 by roll call to return to open session at 7:05 p.m. Public Comment Ms. Crocker passed out information to the Selectmen regarding Citizen Article 17 – School Bus Transportation Subsidy. She wanted the Selectmen and Town Manager to have the information in case there are any questions. She also wanted to point out that Article 17 has nothing to do with Article 4. Selectmen Concerns and Liaison Reports Mr. Manz reported that there was a Chinese New Year celebration two weeks ago. He thanked St. Brigid Church for the use of Keilty Hall and the Human Services Department for putting on the event. Mr. Manz also thanked the Selectmen’s Executive Clerk, Lynne Pease, and Selectman Mauger for their work on the Town Report. Mr. Cohen reported that the Library Foundation had their major fundraising event which was a big success. Also the Antony Sister City group had their fundraising event at the Depot which was also well attended. Mr. Cohen thanked the citizens of Lexington for their support. Sale of Bonds Mr. Lovering, Town Treasurer, presented information on the February 2, 2012 Bond Sale. The Town sold $6,823,000 of general obligation bonds. The bond issue was comprised of multiple purposes shown on the report titled, Authorization of the Bonds and Use of Proceeds. Moody’s conducted a credit review of the Town in anticipation of this bond sale and affirmed the Town’s Aaa rating, the highest rating that can be obtained by a municipality.