← Medway Select Board

Medway Select Board · 2018–2019 Board · Joint meeting

September 5, 2018

3 recorded votes, 0 with disagreement.

Sources: Official minutes (PDF)

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Attendance

Present: Dennis Crowley, John Foresto, Richard D’Innocenzo, Glenn Trindade, Maryjane White

Absent: None

During the meeting:

  • Glenn Trindade arrived at 8:07am.

Every vote, in order

Approve the bond anticipation note in the amount of $733,000 with TD Bank at a rate of 2.39% for the design of the DPS Facility

Minutes, page 1

ApprovePassed · Unanimous, 5 present

Selectman Foresto moved that the Board approve the bond anticipation note in the amount of $733,000 with TD Bank at a rate of 2.39% for the design of the DPS Facility.

From the minutes

“Selectman Foresto moved that the Board approve the bond anticipation note in the amount of $733,000 with TD Bank at a rate of 2.39% for the design of the DPS Facility. Selectman D’Innocenzo seconded. No Discussion. VOTE: 5-0-0.” (Motion: Foresto, second: D’Innocenzo)

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

Approve the bond issue in the amount of $3,355,000 with FTN Financial Capital Markets at a rate of 2.56% for the McGovern and Memorial School Boilers, 123 Holliston Street Acquisition and the...

Minutes, page 1

ApprovePassed · Unanimous, 5 present

Selectman Foresto moved that the Board approve the bond issue in the amount of $3,355,000 with FTN Financial Capital Markets at a rate of 2.56% for the McGovern and Memorial School Boilers, 123 Holliston Street Acquisition and the Parks Improvements Project.

From the minutes

“Selectman Foresto moved that the Board approve the bond issue in the amount of $3,355,000 with FTN Financial Capital Markets at a rate of 2.56% for the McGovern and Memorial School Boilers, 123 Holliston Street Acquisition and the Parks Improvements Project. Selectman Trindade seconded. Discussion: Selectman Crowley asked: (1) what the next large borrowing will be, (2) if it would make sense to borrow it now due to the favorable interest rates, and (3) the process for borrowing. Ms. Pratt responded that the construction of the DPS Facility at $11.5 million is the next large borrowing and would need to be approved at Town Meeting. There was further discussion on the feasibility and efficacy of including this in the Fall Town Meeting. It was noted there was not sufficient time to go out to bid prior to Fall Town Meeting. The Board requested that Ms. Pratt provide the Board with data points for this borrowings at a range of interest rates to see the potential for savings over a twenty year period. VOTE: 5-0-0.” (Motion: Foresto, second: Trindade)

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

Adjourn the meeting

Minutes, page 2

ProceduralPassed · Unanimous, 5 present

Selectman Trindade moved to adjourn the meeting.

From the minutes

“Selectman Trindade moved to adjourn the meeting. Selectman Foresto seconded. No Discussion. Vote: 5-0-0.” (Motion: Trindade, second: Foresto)

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

From the Medway Select Board’s official minutes, posted on the town’s meetings page (2024 on) and in its meetings archive (earlier years). We check every vote against the Select Board members present and quote the exact wording. MassVoter never grades or scores officials. Photos: Town of Medway (all five members cropped from the town’s captioned photo of the Select Board with the Medway Food Pantry, September 2026).

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