Canton, Massachusetts · Saved source text
BOS minutes 04-23-19
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~r//~~i~ ~a'' ~~~~~ rw.,,~;~.:,: ~~a~c~ ~f ~e~~~~~~n Minutes April 23, 2019 Memorial Hall, 801 Washington Street, Canton, MA Salah Meeting Room 5:30 p.m. Present: Chairman Mark J. Porter I Vice Chairman Christopher J. Connolly ~ Clerk Thomas W. Theodore Michael C. Loughran I John J. Connolly Also Present: Charles J. Aspinwall, Town Administrator and Laurie Bogue, Administrative Secretary Motion was made to open a public hearing to discuss an Application for Wine and Malt package store license for Akar Enterprises, d/b/a Neponset Street Sunoco, 702 Neponset Street, Canton, MA. Motion: T. Theodore Second: C. Connolly 5-0 Motion was made to approve the Application for Wine and Malt package store license for Akar Enterprises, dJb/a Neponset Street Sunoco, 702 Neponset Street, Canton, MA. Motion: T. Theodore Second: C. Connolly 5-0 Motion was made to close the public hearing. Motion: T. Theodore Second: C. Connolly 5-0 Authorization by Board of Selectmen for Treasurer to borrow funds. lames Murgia, Finance Director came before the board to discuss a request to borrow funds. These new bonds, to be repaid over twenty years, consists of $4.3 Million for capital projects and $4.7 Million to refinance bonds original issued in 2011. By taking advantage of the recent state law changes regarding bond premiums, we used $715,000 of additional bond premium received to reduce the amount of these bonds from $9 million to $8.3 million. The bonds cover nine capital projects, and refinancing the bonds originally issued in 2011, will save approximately 390,000 in debt service costs over the next twelve years. Bank of New York Mellon was determined the lowest bidder at 2.16%. Motion was made to approve Authorization by the Board of Selectmen for Treasurer to borrow funds for: Reservoir Pond Dam Repairs, Old Shepard St. Dam Repairs, COA Buses, Wifi Backbone, High School Roof Top Unit, Colts Crossing Street Work, Knob Hill Estates Street Work, Washington Commons Street Work, Paul Revere Heritage Site Land Purchase.