November 9, 2020

“Approval of Minutes: Jonathan P. Chines motioned to approve the October 26th, 2020 Town Council meeting minutes as proposed. Paul R. DiNocco seconded. Motion passed 7-0-0 by a roll call vote..” (Motion: Chines, second: DiNocco)

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

“Bonds: Paul R. DiNocco motioned to that the sale of the $8,090,000 General Obligation Municipal Purpose Loan of 2020 Bonds of the Town dated November 19, 2020 (the "Bonds"), to Raymond James & Associates, Inc., at the price of $9,054,839.22 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: Interest Interest Rate Rate Year Amount Year Amount 2021 $430,000 5.00% 2032 $220,000 2.00% 2022 455,000 5.00 2033 220,000 2.00 2023 460,000 5.00 2034 220,000 2.00 2024 470,000 5.00 2035 220,000 2.00 2025 480,000 5.00 2036 220,000 2.00 2026 480,000 5.00 2037 220,000 2.00 2027 490,000 5.00 2038 220,000 2.00 2028 500,000 5.00 2039 220,000 2.00 2029 510,000 5.00 2040 220,000 2.00 2030 520,000 3.00 2041 220,000 2.00 2031 220,000 2.00 2045 875,000 2.25 Further Voted: that the Bonds maturing on August 15, 2045 shall be subject to mandatory redemption or mature as follows: Term Bond due August 15th, 2045 Year Amount 2042 $220,000 2043 $220,000 2044 $220,000 2045* $215,000 *Final Maturity 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 October 20, 2020, and a final Official Statement dated October 28, 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 Town Council 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 Treasurer to establish post issuance federal tax compliance procedures in such form as the 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. 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 Town Council, 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. Jonathan P. Chines seconded. Motion passed 7-0-0 by a roll call vote..” (Motion: DiNocco, second: Chines)

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

“Gift Acceptance: Paul R. DiNocco motioned to accept and expend a gift or gifts to the Council on Aging from various donors with thanks. Julie Smith-Galvin seconded. Motion passed 7-0-0 by a roll call vote..” (Motion: DiNocco, second: Smith-Galvin)

Read it in the official minutes, page 3 (PDF)

“License: Paul R. DiNocco motioned to approve the special license to sell wine at the Farmer's Market for Aaronap Cellars, LLC for Saturday November 21st, 2020 and Saturday December 12th, 2020 from 11:00 a.m. until 2:00 p.m. Edward F. Dombroski, Jr. seconded. Motion passed 7-0-0 by a roll call vote..” (Motion: DiNocco, second: Dombroski)

Read it in the official minutes, page 3 (PDF)