February 7, 2024

“Vote: Mr. Fisher made a motion to hereby determine, in accordance with G.L. c. 70B, that the cost of the (i) Foster Elementary School construction project authorized by votes of the Town passed on April 24, 2017 (Article 20) and November 1, 2022 (Article 1) and (ii) Plymouth River School remodeling project authorized by a vote of the Town passed on April 30, 2022 (Article 14), each being financed with proceeds of a portion of the Bonds and Notes defined below, together with all other bonds and notes of the Town previously issued to pay costs of this project, does not exceed the portion of the total cost of the project that is not being paid by the school facilities grant and we hereby approve the issuance of notes and bonds to finance this project under G.L. c. 70B. Voted, that the maximum useful life of the departmental equipment listed below to be financed with the proceeds of the $500,000 borrowing authorized by the vote of the Town passed April 23, 2018 (Article 13) for a Fire Engine/Aerial Apparatus is hereby determined pursuant to G.L. c.44, §7(1) to be 15 years. Further Voted: that the sale of the $53,830,000 General Obligation Municipal Purpose Loan of 2024 Bonds of the Town dated February 15, 2024 (the "Bonds"), to Morgan Stanley & Co, LLC at the price of $57,704,569.96 and accrued interest is hereby approved and confirmed. The Bonds shall be payable on February 15 of the years and in the principal amounts and bear interest at the respective rates, as follows: Further Voted: to approve the sale of a $97,449,453 4.00 percent General Obligation Bond Anticipation Notes of the Town dated February 15, 2024, and payable February 14, 2025 (the "Note"), to J.P. Morgan Securities LLC at par and accrued interest, if any, plus a premium of $964,749.59. 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 January 23, 2024, a Supplement relating to the Bonds dated January 29, 2024, and a final Official Statement dated February 1, 2024 (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 in connection with the marketing and sale of the Notes, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated January 23, 2024, a Supplement relating to the Notes dated January 29, 2024, and a final Official Statement dated February 1, 2024, 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 Select Board be, and hereby are, authorized to execute and deliver continuing and significant events disclosure undertakings in compliance with SEC Rule 15c2-12 in such forms as may be approved by bond counsel to the Town, which undertakings shall be incorporated by reference in the Bonds and Notes, as applicable, for the benefit of the holders of the Bonds and Notes from time to time. Further Voted: 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 Bonds and Notes and to comply with relevant securities laws. Further Voted: that any certificates or documents relating to the Bonds and the Notes (collectively, the "Documents"), may be executed in several counterparts, each of which shall be regarded as an original and all of which shall constitute one and the same document; delivery of an executed counterpart of a signature page to a Document by electronic mail in a ".pdf" file or by other electronic transmission shall be as effective as delivery of a manually executed counterpart signature page to such Document; and electronic signatures on any of the Documents shall be deemed original signatures for the purposes of the Documents and all matters relating thereto, having the same legal effect as original signatures. Further Voted: that each member of the Select Board, 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. Ms. Klein seconded. Roll Call Vote: Mr. Fisher: yes Ms. Klein: yes.” (Motion: Fisher, second: Klein)

Read it in the official minutes, page 2 (PDF)