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Selectmen's Meeting Minutes
<br />February 7, 2000
<br />A regular meeting of the Board of Selectmen was held on Monday, February 7, 2000 in the
<br />Selectmen's Meeting Room, Town Office Building at 7:30 p.m. Chairman Krieger, Mrs.
<br />Eddison, Mr. Enrich, Mrs. Abbott, Mrs. McKenna; Mr. White, Town Manager; Mr. Cohen,
<br />Town Counsel and Ms. Smith, Executive Clerk were present.
<br />Warrants for Presidential Primary and 2000 Annual Town Meeting
<br />Upon motion duly made and seconded, it was voted to sign the Warrants for the Presidential
<br />Primary Election to be held March 7, 2000.
<br />Upon motion duly made and seconded, it was voted to sign the Warrant for the Annual Town
<br />Meeting.
<br />Bonds, Bond Anticipation Notes and State Aid Anticipation Notes
<br />Upon motion duly made and seconded, it was voted that the sale of the $5,100,000 Municipal
<br />Purpose Loan of 2000 Bonds of the Town dated February 15, 2000, to Roosevelt & Cross, Inc.
<br />and Associates at par and accrued interest is hereby confirmed. The bonds shall be payable on
<br />February 15 of the years and in the principal amounts and bear interest at the respective rates, as
<br />follows:
<br />Year
<br />Amount
<br />Interest Rate
<br />2001
<br />625,000
<br />4.75%
<br />2002
<br />625,000
<br />4.75
<br />2003
<br />625,000
<br />4.75
<br />2004
<br />625,000
<br />4.75
<br />2005
<br />625,000
<br />4.85
<br />2006
<br />400,000
<br />5.00
<br />2007
<br />400,000
<br />5.00
<br />2008
<br />400,000
<br />5.05
<br />2009
<br />400,000
<br />5.10
<br />2010
<br />375,000
<br />5.15
<br />Further voted to approve the sale of a $22,250,000 4.50 percent Bond Anticipation Note of the
<br />town dated February 15, 2000 and payable February 15, 2001, to First Albany Corporation at par
<br />and accrued interest, plus a premium of $86,330.
<br />Further voted to approve the sale of a $1,105,000 4.50 percent State Aid Anticipation Note of the
<br />town dated February 15,2000 and payable February 15, 2001, to Fleet Securities, Inc. at par and
<br />accrued interest, plus a premium of $2,756.25.
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