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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 2 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 3 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 4 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 5 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 6 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 7 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 8 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 9 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 10