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buyback request was tabled until the next meeting so Rob and Maggie could review the <br />calculations for accuracy. <br />A letter from Mike Sacco was presented regarding Anthony Previte's overearnings <br />outlining the options and recommendations the Board has to recoup the overearnings. <br />There was a motion by Bob, second by Joe and voted unanimously to go with his <br />recommendation and draft a letter to Mr. Previte. <br />Joe Foley's term expires 12129111. A notice of the open board seat and election will be <br />sent mid September. <br />Mike McNabb's term expires 10118111. A letter to the selectmen to reappoint will be <br />drafted and sent. <br />Maggie will provide for the Board a list of all the investment managements companies <br />and their requirements for notification of liquidation of funds. <br />Beacon managers will be invited to the next meeting. <br />A motion was made, seconded and approved unanimously to adjourn the meeting at <br />10:35 AM. <br />The next meeting will be held September 28, 2011, 8:00 AM at Cary Memorial Library <br />in the Learning Center. <br />Robert W. Cunha, Chairman <br />Michael McNabb, Appointed Member <br />Robert Addelson, Ex Officio Member Joseph Foley, Elected Member <br />Alan Fields, Appointed Member <br />