HomeMy WebLinkAbout1973-08-06-BOS-min 212
SPECIAL
SELECTMEN'S MEETING
August 6, 1973
A special meeting of the Board of Selectmen was held in the Select-
men's Meeting Room, Town Office Building on Monday, August 6, 1973 at
7 30 p m Chairman Kenney, Messrs Bailey, Busa, Brown, and Mrs
Riffin; Mr O'Connell , Town Manager, were present
Treasurer Mr Louis Zehner, Town Treasurer, met with the Board to request
authorization to borrow $500,000 in tax anticipation loans to be dated
August 10, 1973 and maturing November 2, 1973
The following banks were low bidders
New England Merchants National Bank - $250,000 @ 5 90%
First National Bank of Boston - $100,000 @ 5 90%
Harvard Trust Company - $150,000 @ 5 95%
The Board voted to authorize the Town Treasurer to borrow $500,000
in tax anticipation loans and to accept the three winning bids
Mr Zehner expects to average an 8% gain on library construction
funds over the 18 month construction period
Mr McSweeney, Director of Public Works/Engineering submitted
DPW three copies each of 1973-1974 forms for State aid to be submitted to
District 4, Department of Public Works - State Aid Office Upon ap-
proval, arrangements will be made with Mr C F Mistretta, District
Highway Engineer, District 4 The Board voted to sign three copies
of the forms for accepting State aid from the Department of Public
Works
Father Salmon, St Jude's Parish, Waltham, requested permission
Permit to hold a band concert on Lexington Center public land on Wednesday,
Thursday or Friday, August 9th, 10th or 11th The Board agreed that
the Buckman Tavern grounds would be suitable between 10 00 a m and
3 00 p m and that the arrangements are to be worked out by the Town
Manager
On motion duly made and seconded, it was voted to adjourn at
745pm
Natalie H Riffin
Acting Secretary
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