September 17, 2020

“Mr. George moved the following: Voted: that the sale of the $21,835,000 General Obligation Municipal Purpose Loan of 2020 Bonds of the Town dated September 29, 2020 (the "Bonds") to Wells Fargo, National Association at the price of $23,628,092.87 and accrued interest is hereby approved and confirmed. The Bonds shall be payable on September 15 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 2021 $350,000 5.00% 2036 $645,000 2.00% 2022 600,000 5.00 2037 660,000 2.00 2023 620,000 5.00 2038 670,000 2.00 2024 640,000 5.00 2039 685,000 2.00 2025 660,000 5.00 2040 700,000 2.00 2026 680,000 5.00 2041 715,000 2.00 2027 700,000 5.00 2042 725,000 2.00 2028 725,000 5.00 2043 740,000 2.00 2029 750,000 5.00 2044 755,000 2.00 2030 775,000 4.00 2045 770,000 2.00 2031 795,000 4.00 2046 790,000 2.125 2032 820,000 3.00 2047 805,000 2425 2033 835,000 2.00 2048 825,000 2425 2034 845,000 2.00 2049 840,000 2.125 2035 855,000 2.00 2050 860,000 2.125 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 August 26, 2020 anda final Official Statement dated September 9, 2020 (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 Selectmen 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 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 to comply with relevant securities laws. Further Voted: that any certificates or documents relating to the Bonds (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 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. Seconded by Mr. Holden. Approved unanimously..” (Motion: George, second: Holden)

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