March 8, 2023

“Cahill made a motion to opt out of vote by mail for the annual town election May 9, 2023 The vote was 3 in favor, 0 opposed, and 0 abstained. Special Town Meeting Warrant Article - Add Parcels To Sewer District Jared Meader, Wastewater superintendent stated that a lot of flow was freed up and he is trying to look at the system in its whole rather than districts. The department is applyi.” (Motion: Cahill, second: Burt)

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“Project Burt made a motion to accept the gift Roll Call Vote. The vote was 3 in favor, 0 opposed, and 0 abstained. Award Tisbury School Bond, Twenty-six Million Dollars Jon Snyder, Finance Directo stated that Tisbury has offered $26 million to supplement the school project. These series of votes will be to approve the lowest interest bidder. .” (Motion: Burt, second: Cahill)

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“Burt made the motion to approve and confirm the sale of the $25,235,000 General Obligation School Bonds (Unlimited Tax) of the Town dated March 15, 2023 (the “Bonds”), to Fidelity Capital Markets, a Division of National Financial Services LLC at the price of $25,717,252.82 and accrued interest, if any. The Bonds shall be payable on March 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 2024 $390,000 5.000% 2037 $ 765,000 4.000% 2025 410,000 6.000 2038 795,000 4.000 2026 435,000 6.000 2040 1,6.” (Motion: Burt)

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“Burt made the motion that the Bonds maturing on March 15, 2040, March 15, 2049, March 15, 2051, and March 15, 2053 (each a “Term Bond”) shall be subject to mandatory redemption or mature as follows: *Final Maturity Term Bond due March 15, 2040 Date Principal Amount March 15, 2039 $825,000 March 15, 2040* 860,000 Term Bond due March 15, 2049 Date Principal Amount March 15, 2047 $1,130,000 March 15, 2048 1,175,000 March 15, 2049* 1,225,000 Term Bond due March 15, 2051 Date Principal Amount March 15, 2050 $1,270,000 March 15, 2051* 1,325,000 Term Bond due March 15, 2053 Date Principal Amount Marc.” (Motion: Burt)

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“Burt made a motion 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 February 22, 2023, and a final Official Statement dated March 1, 2023 (the “Official Statement”), each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved and adopted Roll Call Vote. The vote was 3 in favor, 0 opposed, and 0 abstained. .” (Motion: Burt, second: Cahill)

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“Burt made a motion 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 Roll Call Vote. The vote was 3 in favor, 0 opposed, and 0 abstained. .” (Motion: Burt, second: Cahill)

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“Burt made a motion that the Town Treasurer and the Select Board 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 Roll Call Vote. The vote was 3 in favor, 0 opposed, and 0 abstained. .” (Motion: Burt, second: Cahill)

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“Burt made a motion 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 Roll Call Vote. The vote was 3 in favor, 0 opposed, and 0 abstained. .” (Motion: Burt, second: Cahill)

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“Burt made a motion 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 purp.” (Motion: Burt)

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“Burt made a motion 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 Roll Call Vote. The vote was 3 in favor, 0 opposed, and 0 abstained. TOWN ADMINISTRATOR'S REPORT Signed Treasury Warrants Payroll Warrant 2.9,2023 $371,043.95 Bills Payable Warrant 2.7.2023 $246,414.26 Grande read the signed warrants. .” (Motion: Burt, second: Cahill)

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