MassVoter.com← Needham Select BoardNeedham Select Board · 2021–2022 Board · Regular meeting
April 5, 2022
12 recorded votes, 0 with disagreement.
Sources: Official minutes (PDF)
A monthly email on what it voted on, starting in November.
Attendance
Present: Matthew D. Borrelli, Marianne B. Cooley, Daniel P. Matthews, Kevin Keane
Absent: Marcus Nelson
Every vote, in order
Motion: Mr. Keane: Install Mr. Matthews as Clerk of the Board for the Special
Install Mr. Matthews as Clerk of the Board for the Special Meeting on 5 April 2022
Install Mr. Matthews as Clerk of the Board for the Special Meeting on 5 April 2022.
From the minutes
“Motion: Mr. Keane: Install Mr. Matthews as Clerk of the Board for the Special Meeting on 5 April 2022. Second: Ms. Cooley. Vote: 4-0..” (Motion: Keane, second: Cooley)
Motion: Ms. Cooley: Move that the sale of the $10,115,000 General Obligation
The sale of the $10,115,000 General Obligation Municipal Purpose Loan of 2022 Bonds of the Town dated April 14, 2022 (the "Bonds"), to Piper Sandler & Co. at the price of $10,933,239.75 and...
Move that the sale of the $10,115,000 General Obligation Municipal Purpose Loan of 2022 Bonds of the Town dated April 14, 2022 (the "Bonds"), to Piper Sandler & Co. at the price of $10,933,239.75 and accrued interest, if any, is hereby approved and confirmed. The Bonds shall be payable on August 15 of the years and in the principal amounts and bear interest at the respective rates, as follows
From the minutes
“Motion: Ms. Cooley: Move that the sale of the $10,115,000 General Obligation Municipal Purpose Loan of 2022 Bonds of the Town dated April 14, 2022 (the "Bonds"), to Piper Sandler & Co. at the price of $10,933,239.75 and accrued interest, if any, is hereby approved and confirmed. The Bonds shall be payable on August 15 of the years and in the principal amounts and bear interest at the respective rates, as follows: Second: Mr. Keane. Vote: 4-0..” (Motion: Cooley, second: Keane)
Motion: Mr. Keane: Move to approve the sale of a $2,761,000 1.50 percent General
Approve the sale of a $2,761,000 1.50 percent General Obligation Bond Anticipation Notes of the Town dated April 14, 2022, and payable June 15, 2022 (the "Notes"), to TD Securities (USA) LLC at...
Move to approve the sale of a $2,761,000 1.50 percent General Obligation Bond Anticipation Notes of the Town dated April 14, 2022, and payable June 15, 2022 (the "Notes"), to TD Securities (USA) LLC at par and accrued interest, if any, plus a premium of $579.81.
From the minutes
“Motion: Mr. Keane: Move to approve the sale of a $2,761,000 1.50 percent General Obligation Bond Anticipation Notes of the Town dated April 14, 2022, and payable June 15, 2022 (the "Notes"), to TD Securities (USA) LLC at par and accrued interest, if any, plus a premium of $579.81. Second: Ms. Cooley. Vote: 4-0..” (Motion: Keane, second: Cooley)
Motion: Ms. Cooley: Move that in connection with the marketing and sale of the
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 29, 2022, and a final Official Statement...
Move 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 29, 2022, and a final Official Statement dated April 5, 2022 (the "Official Statement"), each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved, and adopted.
From the minutes
“Motion: Ms. Cooley: Move 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 29, 2022, and a final Official Statement dated April 5, 2022 (the "Official Statement"), each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved, and adopted. Second: Mr. Keane. Vote: 4-0..” (Motion: Cooley, second: Keane)
Motion: Mr. Keane: Move that in connection with the marketing and sale of the
In connection with the marketing and sale of the Notes, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated March 29, 2022, and a final Official Statement...
Move 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 March 29, 2022, and a final Official Statement dated April 5, 2022, each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved, and adopted.
From the minutes
“Motion: Mr. Keane: Move 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 March 29, 2022, and a final Official Statement dated April 5, 2022, each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved, and adopted. Second: Ms. Cooley. Vote: 4-0..” (Motion: Keane, second: Cooley)
Motion: Ms. Cooley: Move that the Bonds shall be subject to redemption, at the
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
Move 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. Secord: Mr. Keane.
From the minutes
“Motion: Ms. Cooley: Move 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. Secord: Mr. Keane. Vote: 4-0..” (Motion: Cooley)
Motion: Mr. Keane: Move that the Acting Town Treasurer and the Select Board
The Acting 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...
Move that the Acting 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.
From the minutes
“Motion: Mr. Keane: Move that the Acting 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. Second: Ms. Cooley. Vote: 4-0..” (Motion: Keane, second: Cooley)
Motion: Mr. Keane: Move that we authorize and direct the Town Treasurer to
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...
Move 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.
From the minutes
“Motion: Mr. Keane: Move 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. Second: Ms. Cooley. Vote: 4-0..” (Motion: Keane, second: Cooley)
Motion: Mr. Keane: Move that any certificates or documents relating to the Bonds
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...
Move 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.
From the minutes
“Motion: Mr. Keane: Move 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. Second: Ms. Cooley. Vote: 4-0..” (Motion: Keane, second: Cooley)
Motion: Ms. Cooley: Move that each member of the Select Board, the Town Clerk
Each member of the Select Board, the Town Clerk and the Acting Town Treasurer be and hereby are, authorized to take any and all such actions, and execute and deliver such certificates, receipts or...
Move that each member of the Select Board, the Town Clerk and the Acting 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.
From the minutes
“Motion: Ms. Cooley: Move that each member of the Select Board, the Town Clerk and the Acting 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. Second: Mr. Keane. Vote: 4- 0..” (Motion: Cooley, second: Keane)
Motion: Mr. Matthews: Move to accept the rate relief. Second: Ms. Cooley. Vote
Accept the rate relief
Move to accept the rate relief.
From the minutes
“Motion: Mr. Matthews: Move to accept the rate relief. Second: Ms. Cooley. Vote: 4-0..” (Motion: Matthews, second: Cooley)
Motion: Ms. Cooley: Move to adjourn. Second: Mr. Matthews. Vote: 4-0. Meeting
Adjourn
Move to adjourn.
From the minutes
“Motion: Ms. Cooley: Move to adjourn. Second: Mr. Matthews. Vote: 4-0..” (Motion: Cooley, second: Matthews)
From the Needham Select Board’s official minutes, posted in the town’s Archive Center. We check every vote against the Select Board members present and quote the exact wording. MassVoter never grades or scores officials. Photos: Town of Needham, “Needham Select Board, April 2026–April 2027” member sheet.
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