March 11, 2019

“I, Yolanda Greaves the Clerk of the Board of Selectmen of the Town of Ashland, Massachusetts (the "Town"), certify that at a meeting of the board held March 11, 2019, of which meeting all members of the board were duly notified and at which a quorum was present, the following votes were unanimously passed, all of which appear upon the official record of the board in my custody: Voted: that we hereby determine, in accordance with G.L. c. 70B, that the amount of the cost of the $1,000,000 school feasibility study project authorized by a vote of the Town passed on May 2, 2018 (Article 6) and May 15, 2018 (Question 1), not being paid by the school facilities grant is $477,400 and we hereby approve of the issuance of notes and bonds not to exceed such amount under said G.L. c. 70B. Further Voted: that the sale of the $7,930,000 General Obligation Municipal Purpose Loan of 2019 Bonds of the Town dated March 21, 2019 (the "Bonds"), to SWBC Investment Services, LLC at the price of $8,547,603.33 and accrued interest, if any, is hereby approved and confirmed. The Bonds shall be payable on June 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 2020 $410,000 5.00% 2030 $350,000 4.00% 2021 490,000 5.00 2031 365,000 3.00 2022 510,000 5.00 2032 375,000 3.00 2023 545,000 5.00 2033 380,000 3.00 2024 390,000 5.00 2034 380,000 3.00 2025 295,000 5.00 2035 390,000 3.00 2026 325,000 5.00 2036 410,000 3.00 2027 335,000 5.00 2037 415,000 3.00 2028 345,000 5.00 2038 430,000 3.125 2029 355,000 5.00 2039 435,000 3.125. Further Voted: that in connection with the marketing and sale of the Bonds, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated March 1, 2019, and a final Official Statement dated March 11, 2019 (the "Official Statement"), each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved and adopted. Further Voted: that the Bonds shall be subject to redemption, at the option of the Town, upon such terms and conditions as are set forth in the Official Statement. Further Voted: that the Town Treasurer and the Board of Sclectmen be, and hereby are, authorized to execute and deliver a continuing disclosure undertaking in compliance with SEC Rule 15c2-12 in such form as may be approved by bond counsel to the Town, which undertaking shall be incorporated by reference in the Bonds for the benefit of the holders of the Bonds from time to time. Further Voted: that we authorize and direct the Treasurer to review and update the Town's post-issuance tax compliance procedures with such changes, if any, as the Treasurer and bond counsel deem necessary to monitor and maintain the tax-exempt status of the Bonds. Further Voted: that each member of the Board of Selectmen, the Town Clerk and the Town Treasurer be and hereby are, authorized to take any and all such actions, and execute and deliver such certificates, receipts or other documents as may be determined by them, or any of them, to be necessary or convenient to carry into effect the provisions of the foregoing votes. I further certify that the votes were taken at a meeting open to the public, that no vote was taken by secret ballot, that a notice stating the place, date, time and agenda for the meeting (which agenda included the adoption of the above votes) was filed with the Town Clerk and a copy thereof posted in a manner conspicuously visible to the public at all hours in or on the municipal building that the office of the Town Clerk is located or, if applicable, in accordance with an alternative method of notice prescribed or approved by the Attorney General as set forth in 940 CMR 29.03(2)(b), at least 48 hours, not including Saturdays, Sundays and legal holidays, prior to the time of the meeting and remained so posted at the time of the meeting, that no deliberations or decision in connection with the sale of the Bonds were taken in executive session, all in accordance with G.L. c.30A, §§18-25, as amended..”

Read it in the official minutes, page 1 (PDF)