MassVoter.com← Hingham Select BoardHingham Select Board · 2019–2020 Board · Regular meeting
May 5, 2020
2 recorded votes, 0 with disagreement.
Sources: Official minutes (PDF)
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Attendance
Note on these minutes: Array
Present: Karen Johnson, Mary Power, Joseph Fisher
Absent: None
Every vote, in order
Approve the sale of $11,433,581 2.50 percent General Obligation Bond Anticipation Notes (the "Notes") of the Town dated May 13, 2020, and payable May 13, 2021, to TD Securities (USA) LLC at par...
To approve the sale of $11,433,581 2.50 percent General Obligation Bond Anticipation Notes (the "Notes") of the Town dated May 13, 2020, and payable May 13, 2021, to TD Securities (USA) LLC at par and accrued interest, if any, plus a premium of $162,814.19. Further Moved: that in connection with the marketing and sale of the Notes, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated April 16, 2020, and a final Official Statement dated April 30, 2020, each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved and adopted. Further Moved: that the Town Treasurer and the Board of Selectmen be, and hereby are, authorized to execute and deliver a significant events 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 Notes for the benefit of the holders of the Notes from time to time. Further Moved: that we authorize and direct the Town Treasurer to establish post issuance federal tax compliance procedures and continuing disclosure procedures in such forms as the Town Treasurer and bond counsel deem sufficient, or if such procedures are currently in place, to review and update said procedures, in order to monitor and maintain the tax-exempt status of the Notes and to comply with relevant securities laws. Further Moved: that we hereby, individually authorize the use of
From the minutes
“Vote: Ms. Power made a motion to approve the sale of $11,433,581 2.50 percent General Obligation Bond Anticipation Notes (the "Notes") of the Town dated May 13, 2020, and payable May 13, 2021, to TD Securities (USA) LLC at par and accrued interest, if any, plus a premium of $162,814.19. Further Moved: that in connection with the marketing and sale of the Notes, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated April 16, 2020, and a final Official Statement dated April 30, 2020, each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved and adopted. Further Moved: that the Town Treasurer and the Board of Selectmen be, and hereby are, authorized to execute and deliver a significant events 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 Notes for the benefit of the holders of the Notes from time to time. Further Moved: that we authorize and direct the Town Treasurer to establish post issuance federal tax compliance procedures and continuing disclosure procedures in such forms as the Town Treasurer and bond counsel deem sufficient, or if such procedures are currently in place, to review and update said procedures, in order to monitor and maintain the tax-exempt status of the Notes and to comply with relevant securities laws. Further Moved: that we hereby, individually authorize the use of our respective facsimile signatures on the Notes and direct Locke Lord LLP ("Bond Counsel") to affix the facsimile signatures provided to Bond Counsel for this purpose to the Notes. Further Moved: 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. Mr. Fisher seconded. Roll call vote: Mr. Fisher: yes Ms. Power: yes Ms. Johnson: yes.” (Motion: Power, second: Fisher)
Adjourn
To adjourn.
From the minutes
“Vote: Mr. Fisher made a motion to adjourn. Ms. Power seconded. Roll call vote: Mr. Fisher: yes Ms. Power: yes Ms. Johnson: yes.” (Motion: Fisher, second: Power)
From the Hingham Select Board’s official minutes, posted in the town’s Agenda Center. We check every vote against the Select Board members present and quote the exact wording. MassVoter never grades or scores officials. Photos of current members: Hingham Anchor candidate stories (William Ramsey 2020, Liz Klein 2021, Julie Strehle 2024). Former members show initials.
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