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HomeMy WebLinkAbout1972-07-31-BOS-min 444 SPECIAL SELECTMEN'S MEETING July 31 , 1972 A special meeting of the Board of Selectmen was held in the Se- lectmen' s Meeting Room on Monday afternoon, July 31, 1972, at 4 30 p.m. Chairman Kenney, Messrs. Bailey, Busa and Brown. Mr. O'Connell , Town Manager; Mrs. McCurdy, Executive Clerk, were present. Mr. Zehner, Town Treasurer, met with the Board to request approval of borrowing $700,000 in anticipation of taxes. The notes are dated August 4, 1972 and payable on October 26, 1972. We were most fortun- ate as our rates are the lowest of all similarly rated towns that borrowed during the last week. The banks were really competing to get some of our notes and we got bids from ten banks. It is recommended Treasurer that we award to the three lowest bidders. Approximately $250,000 in building assistance funds have been held over by the State and perhaps we will receive them in the middle or end of August; that should carry us through the year. Upon motion duly made and seconded, it was voted to award the contract to borrow $700,000 in anticipation of tax revenue on a loan dated August 4, 1972 and payable on October 26, 1972, as follows Lexington Trust Company $300,000 2.53% New England Merchants National Bank 200,000 2.62% Newtoh-Waltham Bank & Trust Company 200,000 2.62% The Board discussed re-districting from 6 precincts to 9 pre- cincts and it was agreed to request Town Counsel to prepare the proper wording of the vote to be taken on August 7, 1972. Redis- Mr. Busa Do we have to have the polling places established by tricting August 7? Mr. O'Connell No. However, we have to recognize that the location of polling places will be one of the questions asked by the public at the informational hearing and it might be well for the Board to say what is has under consideration. The Board agreed with Mr. O'Connell 's recommendation of the following polling places Precinct 1 Harrington School Precinct 2 Adams School Precinct 3 Clarke Junior High School Precinct 4 Cary Hall Precinct 5 Cary Hall Precinct 6 Diamond Junior High School Precinct 7 Diamond Junior High School Precinct 8 Central Fire Station Precinct 9 Maria Hastings School 445 Mr. O'Connell informed the Board that bids have been received on street and parking area resurfacing It is the recommendation of the Director of Public Works/Engineering that the bid be awarded to the Street lowest bidder, Massachusetts Broken Stone Company, 133 Boston Post Resurfacing Road, Weston in the amount of $70, 179. Bid Upon motion duly made and seconded, it was voted to award the contract for street and parking area resurfacing to Massachusetts Broken Stone Company, Weston, in the amount of $70, 179 Mr. O'Connell informed the Board that he had received a request from Rose Thorne, on behalf of John Kerry for U.S. Congress, for Request permission to set up a table to sell bumper stickers and buttons on the lawn in front of the Visitors' Center or Buckman Tavern Mr. O'Connell informed the Board that the agreement between the Town of Lexington and the City of Waltham under the Emergency Em- E E.A ployment Act is ready for the signature of the Chairman. The Board agreed to authorize the Chairman to sign the agreement under the Emergency Employment Act Upon motion duly made and seconded, it was voted to adjourn at 5 15 p.m. A true record, Attest to Executive Clerk, Selectmen I }