HomeMy WebLinkAboutATM 18 ART 12 Ent Capital1
Town of Nantucket
ulu
OFFICE OF THE
TOWN & COUNTY
CLERK
16 Broad Street
NANTUCKET, MASSACHUSETTS 02554-3590
Catherine Flanagan Stover, MMC, CMMC
Town & County Clerk
(508) 228-7216
FAX (508) 325-5313
Home: (508) 228-7841
Email: cstover@nantucket-ma.gov
flanaganstover@yahoo.com
townclerk@nantucket-ma.gov
WEBSITE: http://www.nantucket-ma.gov
ulu
April 4, 2018
TO WHOM IT MAY CONCERN:
I, Catherine Flanagan Stover, duly elected Clerk of the Town and County of Nantucket, hereby
certify that the April 3, 2018 ANNUAL TOWN MEETING adopted Article 12: “Appropriation:
Enterprise Funds Capital Expenditures ” at the April 3, 2018 adjourned session when “...the
adoption of all articles not heretofore acted upon as recommended by the Finance Committee,
or as recommended by the Planning Board, was duly motioned, seconded, and voted in
accordance with the motions recommended by the Finance Committee or, in the absence of a
Finance Committee motion, then in accordance with the motions as recommended by the
Planning Board, as printed in the Finance Committee Report, with technical amendments
brought forward during the course of the meeting…”
VOTE: The vote on the motion pursuant to Article 12 as moved by the Finance
Committee, was by Unanimous Voice Vote. The motion was adopted.
Catherine Flanagan Stover, MMC, CMMC
Town and County Clerk
ATM 18 Article 12,Page 1 of 9
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ARTICLE 12
(Appropriation: Enterprise Funds Capital Expenditures)
To see what sums the Town will vote to appropriate, and also to raise, borrow pursuant to
any applicable statute, or transfer from available funds, for the purposes of capital expenditures
for the Enterprise Funds of the Town of Nantucket; or to take any other action related thereto.
(Board of Selectmen for the Various Departments Indicated)
FINANCE COMMITTEE MOTION: Moved that the following capital expenditures be
appropriated for the Enterprise Fund departments with the Airport appropriations to be
expended through the Airport Commission; the Sewer Enterprise, Solid Waste Enterprise
and Our Island Home Enterprise Fund appropriations to be expended by the Town Manager
with the approval of the Board of Selectmen/Board of Public Works/Sewer Commissioners;
the Siasconset Water appropriation to be expended through the Siasconset Water
Commission; and the Wannacomet Water appropriations to be expended through the
Nantucket Water Commission:
DEPARTMENT ITEM FUNDING SOURCE(S)AMOUNT
Airport
Costs associated with the purchase
Airport Equipment and Vehicles
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $60,000 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Airport Enterprise Fund revenues, state
or federal grants, and other available
funds of the Airport. Any premium
received by the Town upon the sale of
any bonds or notes approved by this
vote, less any such premium applied to
the payment of the costs of issuance of
such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby
reducing the amount authorized to be
borrowed to pay such costs by a like
amount.$60,000
Airport
Costs associated with the
replacement of automatic doors
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $102,000 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Airport Enterprise Fund revenues, state
or federal grants, and other available
funds of the Airport. Any premium
received by the Town upon the sale of
any bonds or notes approved by this
vote, less any such premium applied to
the payment of the costs of issuance of $102,000
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such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby
reducing the amount authorized to be
borrowed to pay such costs by a like
amount.
Airport
Costs associated with design and
construction of temporary seasonal
passenger hold room
Transfer $630,000 from Airport Fuel
Revolver .
$630,000
Airport
Costs associated with the removal
and replacement of paint and
beads and rubber markings on the
airfield
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $482,000 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Airport Enterprise Fund revenues, state
or federal grants, and other available
funds of the Airport. Any premium
received by the Town upon the sale of
any bonds or notes approved by this
vote, less any such premium applied to
the payment of the costs of issuance of
such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby
reducing the amount authorized to be
borrowed to pay such costs by a like
amount.$482,000
Airport
Costs associated with Airfield
Lighting Project
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $1,140,000 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Airport Enterprise Fund revenues, state
or federal grants, and other available
funds of the Airport. Any premium
received by the Town upon the sale of
any bonds or notes approved by this
vote, less any such premium applied to
the payment of the costs of issuance of
such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby
reducing the amount authorized to be
borrowed to pay such costs by a like
amount.$1,140,000
Subtotal Airport Enterprise Fund $2,414,000
Sewer
Costs associated with Pine Valley
Pump Station upgrades
Transfer $250,000 from Certified
Retained Earnings in the Sewer $250,000
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Enterprise Fund
Sewer
Costs associated with Airport Pump
Station upgrades
Transfer $250,000 from Certified
Retained Earnings in the Sewer
Enterprise Fund $250,000
Sewer
Costs associated with the purchase
of a replacement pickup truck
Transfer $60,000 from Certified
Retained Earnings in the Sewer
Enterprise Fund $60,000
Sewer
Costs associated with Capacity,
Maintenance, OPS, Management
(CMOM)
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $2,000,000 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Sewer Enterprise Fund revenues, state
or federal grants, and other available
funds of the Sewer. Any premium
received by the Town upon the sale of
any bonds or notes approved by this
vote, less any such premium applied to
the payment of the costs of issuance of
such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby
reducing the amount authorized to be
borrowed to pay such costs by a like
amount.
$2,000,000
Sewer
Supplemental funding to Article 12
of the 2017 Annual Town Meeting
for costs associated with extension
of water line to the Surfside
Wastewater Treatment Facility and
adjacent employee housing
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $600,000 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Sewer Enterprise Fund revenues, state
or federal grants, and other available
funds of the Sewer. Any premium
received by the Town upon the sale of
any bonds or notes approved by this
vote, less any such premium applied to
the payment of the costs of issuance of
such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby
reducing the amount authorized to be
borrowed to pay such costs by a like
amount.$600,000
Sewer
Costs associated with building
foundation and utilities
Transfer $200,000 from Certified
Retained Earnings in the Sewer
Enterprise Fund $200,000
Sewer
Costs associated with sewer main
repairs on Sparks Avenue
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $250,000 pursuant to G.L. c.44
Section 7 or 8 or any other enabling $250,000
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authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Sewer Enterprise Fund revenues, state
or federal grants, and other available
funds of the Sewer. Any premium
received by the Town upon the sale of
any bonds or notes approved by this
vote, less any such premium applied to
the payment of the costs of issuance of
such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby
reducing the amount authorized to be
borrowed to pay such costs by a like
amount.
Sewer
Costs associated with sewer mains
replacement within Wannacomet
project areas Phase 1
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $5,524,413 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Sewer Enterprise Fund revenues, state
or federal grants, and other available
funds of the Sewer. Any premium
received by the Town upon the sale of
any bonds or notes approved by this
vote, less any such premium applied to
the payment of the costs of issuance of
such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby
reducing the amount authorized to be
borrowed to pay such costs by a like
amount.$5,524,413
Sewer
Costs associated with sewer mains
replacement within Wannacomet
project areas Phase 2
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $3,421,700 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Sewer Enterprise Fund revenues, state
or federal grants, and other available
funds of the Sewer. Any premium
received by the Town upon the sale of
any bonds or notes approved by this
vote, less any such premium applied to
the payment of the costs of issuance of
such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby $3,421,700
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reducing the amount authorized to be
borrowed to pay such costs by a like
amount.
Sewer
Costs associated with Surfside
Roads Area sewer system
improvements
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $5,600,000 pursuant to G.L.
c.44, Section 7 or 8 or any other
enabling authority for such purpose,
including without limitation all costs
thereof as defined in Section 1 of
Chapter 29C of the General Laws, and
that while such bonds shall be general
obligations of the Town, it is intended
that the principal and interest thereon
shall be repaid from Sewer Enterprise
Fund revenues, state or federal grants,
and other available funds of the Sewer
system; that to meet this appropriation
the Treasurer with the approval of the
Board of Selectmen is authorized to
borrow $5,600,000 and issue bonds or
notes therefor under Chapter 44 of the
General Laws and/or Chapter 29C of the
General Laws; that the Treasurer with
the approval of the Board of Selectmen
is authorized to borrow all or a portion of
such amount from the Massachusetts
Clean Water Trust established pursuant
to Chapter 29C and in connection
therewith to enter into a loan agreement
and/or security agreement with the Trust
and otherwise to contract with the Trust
and the Department of Environmental
Protection with respect to such loan and
for any federal or state aid available for
the project or for the financing thereof;
and that the Board of Selectmen is
authorized to enter into a project
regulatory agreement with the
Department of Environmental
Protection, to expend all funds available
for the project and to take any other
action necessary to carry out the project.
Any premium received by the Town
upon the sale of any bonds or notes
approved by this vote, less any such
premium applied to the payment of the
costs of issuance of such bonds or
notes, may be applied to the payment of
costs approved by this vote in
accordance with Chapter 44, Section 20
of the General Laws, thereby reducing
the amount authorized to be borrowed to
pay such costs by a like amount.$5,600,000
Sewer
Costs associated with Surfside
Wastewater Treatment Plant
Modifications Phase 2
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $600,000 pursuant to G.L. c.44,
Section 7 or 8 or any other enabling
authority for such purpose, including $600,000
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without limitation all costs thereof as
defined in Section 1 of Chapter 29C of
the General Laws, and that while such
bonds shall be general obligations of the
Town, it is intended that the principal
and interest thereon shall be repaid from
Sewer Enterprise Fund revenues, state
or federal grants, and other available
funds of the Sewer system; that to meet
this appropriation the Treasurer with the
approval of the Board of Selectmen is
authorized to borrow $500,000 and
issue bonds or notes therefor under
Chapter 44 of the General Laws and/or
Chapter 29C of the General Laws; that
the Treasurer with the approval of the
Board of Selectmen is authorized to
borrow all or a portion of such amount
from the Massachusetts Clean Water
Trust established pursuant to Chapter
29C and in connection therewith to enter
into a loan agreement and/or security
agreement with the Trust and otherwise
to contract with the Trust and the
Department of Environmental Protection
with respect to such loan and for any
federal or state aid available for the
project or for the financing thereof; and
that the Board of Selectmen is
authorized to enter into a project
regulatory agreement with the
Department of Environmental
Protection, to expend all funds available
for the project and to take any other
action necessary to carry out the project.
Any premium received by the Town
upon the sale of any bonds or notes
approved by this vote, less any such
premium applied to the payment of the
costs of issuance of such bonds or
notes, may be applied to the payment of
costs approved by this vote in
accordance with Chapter 44, Section 20
of the General Laws, thereby reducing
the amount authorized to be borrowed to
pay such costs by a like amount.
Sewer
Costs associated with sewer main
replacements in areas affected by
National Grid L8 Feeder Project
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $1,035,000 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Sewer Enterprise Fund revenues, state
or federal grants, and other available
funds of the Sewer. Any premium
received by the Town upon the sale of
any bonds or notes approved by this $1,035,000
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vote, less any such premium applied to
the payment of the costs of issuance of
such bonds or notes, may be applied to
the payment of costs approved by this
vote in accordance with Chapter 44,
Section 20 of the General Laws, thereby
reducing the amount authorized to be
borrowed to pay such costs by a like
amount.
Sewer
Costs associated with Sewer Force
Main Failure
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $5,300,000 pursuant to G.L.
c.44, Section 7 or 8 or any other
enabling authority for such purpose,
including without limitation all costs
thereof as defined in Section 1 of
Chapter 29C of the General Laws, and
that while such bonds shall be general
obligations of the Town, it is intended
that the principal and interest thereon
shall be repaid from Sewer Enterprise
Fund revenues, state or federal grants,
and other available funds of the Sewer
system; that to meet this appropriation
the Treasurer with the approval of the
Board of Selectmen is authorized to
borrow $5,300,000 and issue bonds or
notes therefor under Chapter 44 of the
General Laws and/or Chapter 29C of the
General Laws; that the Treasurer with
the approval of the Board of Selectmen
is authorized to borrow all or a portion of
such amount from the Massachusetts
Clean Water Trust established pursuant
to Chapter 29C and in connection
therewith to enter into a loan agreement
and/or security agreement with the Trust
and otherwise to contract with the Trust
and the Department of Environmental
Protection with respect to such loan and
for any federal or state aid available for
the project or for the financing thereof;
and that the Board of Selectmen is
authorized to enter into a project
regulatory agreement with the
Department of Environmental
Protection, to expend all funds available
for the project and to take any other
action necessary to carry out the project.
Any premium received by the Town
upon the sale of any bonds or notes
approved by this vote, less any such
premium applied to the payment of the
costs of issuance of such bonds or
notes, may be applied to the payment of
costs approved by this vote in
accordance with Chapter 44, Section 20
of the General Laws, thereby reducing
the amount authorized to be borrowed to $5,300,000
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pay such costs by a like amount.
Sewer
Costs associated with sewer main
repairs in Jetties Beach / Bathing
Beach Road area
Transfer $451,150 from Certified
Retained Earnings in the Sewer
Enterprise Fund $451,150
Subtotal Sewer Enterprise Fund
$25,542,263
Our Island Home
Supplemental Funding for Article
12 of 2017 Annual Town Meeting
for costs associated with building
improvements, maintenance and
quality measures improvement
Transfer $625,000 from Certified
Retained Earnings in the Our Island
Home Enterprise Fund
$625,000
Subtotal OIH Enterprise Fund $625,000
Siasconset Water Water Main Replacement
Transfer $303,000 from Certified
Retained Earnings in the Siasconset
Water Company $303,000
Subtotal Siasconset Water Enterprise Fund $303,000
Solid Waste
Costs associated with replacement
of the cardboard baler at the
Materials Recovery Facility
Transfer $300,000 from Certified
Retained Earnings in the Solid Waste
Enterprise Fund $300,000
Solid Waste
Costs associated with repairs to the
sorting station at the Materials
Recovery Facility
Transfer $175,000 from Certified
Retained Earnings in the Solid Waste
Enterprise Fund $175,000
Solid Waste Landfill Mining
Transfer $700,000 from the Fiscal Year
2019 Tax Levy and Other General
Revenues of the Town $700,000
Subtotal Solid Waste Enterprise Fund $1,175,000
Wannacomet Water Water Main Replacement
Authorize the Treasurer, with the
approval of the Board of Selectmen to
borrow $3,533,230 pursuant to G.L. c.44
Section 7 or 8 or any other enabling
authority, and that while such bonds
shall be general obligations of the Town,
it is intended that the principal and
interest thereon shall be repaid from
Wannacomet Water Enterprise Fund
revenues, state or federal grants, and
other available funds of the
Wannacomet Water Enterprise Fund.
Any premium received by the Town
upon the sale of any bonds or notes
approved by this vote, less any such
premium applied to the payment of the
costs of issuance of such bonds or
notes, may be applied to the payment of
costs approved by this vote in
accordance with Chapter 44, Section 20
of the General Laws, thereby reducing
the amount authorized to be borrowed to
pay such costs by a like amount.$3,533,230
Wannacomet Water
Costs associated with water tank
maintenance
Transfer $658,000 from Certified
Retained Earnings in the Wannacomet
Water Enterprise Fund $658,000
Subtotal Wannacomet Water Enterprise Fund $4,191,230
Total All Enterprise Funds $34,250,493
Quantum of vote required for passage of the motion is 2/3
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