March 19, 2019

“Mr. Salvucci MOVED to authorize Treasurer/Collector Mary Beth Carter to proceed with refunding of the Police Station, Town Hall and Fire Department debt as follows: Voted: That in order to reduce interest costs, the Treasurer is authorized to issue refunding bonds, at one time or from time to time, pursuant to Chapter 44, Section 21A of the General Laws, or pursuant to any other enabling authority, to refund all of the Town's $9,680,000 General Obligation Municipal Purpose Loan of 2011 Bonds dated May 1, 2011 maturing on and after June 1, 2020 in the aggregate principal amount of $5,775,000 (collectively, the "Refunded Bonds") and that the proceeds of any refunding bonds issued pursuant to this vote shall be used to pay the principal, redemption premium and interest on the Refunded Bonds and costs of issuance of the refunding bonds. Further Voted: that the sale of the $5,235,000 General Obligation Refunding Bonds of the Town dated March 28, 2019 (the "Bonds"), to Fidelity Capital Markets, a division of National Financial Services LLC, at the price of $5,836,956.07 and accrued interest, if any, is hereby approved and confirmed. The Bonds shall be payable on June 1 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 2020 $425,000 5.00% 2026 $480,000 5.00% 2021 470,000 5.00 2027 485,000 5.00 2022 475,000 5.00 2028 490,000 4.00 2023 480,000 5.00 2029 485,000 3.00 2024 485,000 2.00 2030 480,000 3.00 2025 480,000 5.00 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 March 7, 2019, an Addendum to the Notice of Sale and Preliminary Official Statement dated March 12, 2019, and a final Official Statement dated March 18, 2019 (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 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 Bond and notes. 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 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. Second Mr. Bezanson, so voted 4-0.” (Motion: Salvucci, second: Bezanson)

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