1993-11-BOS-min - Laserfiche WebLink

Browse Search

�' •- PO Minutes for the Meeting of November 22, 1993 5 of the $8,155,000 Municipal Purpose Loan of 1993 Bonds of the Town dated December 1, 1993, to State Street Bank and Trust Company and Associates at $8,155,774.73 and accrued interest is hereby confirmed. The bonds shall be payable on August 15 of the years and in the principal amounts and bear interest at the respective rates, as follows Interest Interest Year Amount Rate Year Amount Rate 1994 270,000 3.40% 1999$1 30809 1995 1 3.40 2000 985 4.00 1998 1 9 220 9 000 3050 2001 850 4.10 19971,170,000 3050 2002 100 4.20 1998 1 3.60 2003 100,000 4.30 It was further voted: that the consent dated November 18, 1993 to the certifying bank bidding for the bonds is hereby confirmed. DEVELOPMENT REGULATIONS Mr. white explained that over the past 2j years the Planning Board and Planning Staff have developed new subdivision regulations, new rules and regulations for special permits, and new standards for unaccepted streets. Bob Bowyer has completed these and Palmer & Dodge have reviewed the regulations and finds them to be a proactive ap- proach to the development process. As soon as regulations are filed s with the Court and accepted, copies will be available for the Board. FY95 STREET ACCEPTANCE Mr. White introduced Town Engineer Frank Fields who described the seven streets under subdivision control as part of the street accep- tance process of laying out the streets, to be presented to Town Meeting for approval: Sanderson Road, Orchard Lane, Mead Circle, Taylor Lane, Battle Green Road, Royale Circle, and Sunset Ridge. Questions from the Board dealt with whether bond money was being held; whether street lights had to be in place; and whether Engineering approves and determines that street meets Town standards. All streets have lights except for Mead Circle and Taylor Lane. Mr. white made reference to the street light survey which was sent out recently to determine if sub- division residents want street lights, and if they want high - pressure sodium lights, or not. He will report the results to the Board soon. Upon motion duly made and seconded, it was voted to accept the streets as listed. POLICE CHIEF - CIVIL SERVICE Mr. white brought the Board up to date on the Police Chief appointment process since the Ad Hoc Police Chief Committee made a presentation to the Board and submitted a report to him relating to two issues: one on the police survey, which the Board authorized and is currently being processed, and the other on the recruitment pro- cess, specifically as to whether or not the position should remain in Civil Service. He indicated this is an opportunity for the Board to discuss the report and make a decision. Mr. Dailey asked for clarifi- cation of issues to be decided: Civil Service vs. no Civil service, and how to approach the recruitment of a new chief. Mr. white re-