1995-03-BOS-min - Laserfiche WebLink

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60 -x.63 Selectmen's Meeting March 6, 1995 A regular meeting of the Board of Selectmen was held on Monday, March 6, 1995 in the Selectmen's Meeting Room, Town office Building at 7:30 p.m. Chairman Dailey, Mr. McSweeney, Mr. Busa, Mr. Fenn, Mrs. Eddison; Mr. Cohen, Town Counsel; Mr. white, Town Manager; and Ms. Smith, Executive Clerk, were present. New England Telelphone /Boston Edison -Grant of Location/Morgan Road Water Towers Mr. Dailey opened a public hearing on the joint petition of New England Telephone/Boston Edison for a grant of location to place one new pole. on the southerly side of the road 226 feet west from the center line of Jean Road; the customer to place approximately 60± feet of conduit from this pole to its facilities near water towers for New England Telephone and Boston Edison Company services.. New England Telephone Company and Boston Edison Company is asking for joint or identical locations for the erection or construction of a pole to be owned and used in common by them:. and such other fixtures as may be necessary to sustain or protect the wires of the line upon, along and across these public ways. The work is necessary to provide telephone and electric service to the communications but at the Morgan Road water towers which Nextel Communications is leasing from the Towne Upon motion duly made and seconded, it was voted to approve the petition, plans and order for a grant of location for the installation of a new pole to be placed on the southerly side of road 226 feet west from the center line of Jean Road. Short Tenn B orrowina/Ch aper 90 The Town. Manager reported to the Board that on March 1 the Town took bids for $888,000 in Chapter 90 temporary borrowing. The Town received a competitive bid rate of 4.23 from the Shawmut Bank Upon motion duly made and seconded, it was voted to - approve $888,000 of Chapter 90 borrowing at a bid rate of 4.23% and with a maturity date of March 15, 1996 from the Shawmut Bank. Permanent Borrowing M r. white reported that on March 2 the Town went out for permanent issue of $4,480,000 for the four capital projects approved at the 1994 Annual Town Meeting. The Town received a competitive interest rate of 4.8815% over a ten -year period from Prudential Securities.