HomeMy WebLinkAboutATM 18 ART 15 Old So. Rd1
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 15: “Appropriation:
Old South Road Area Transportation Improvements ” at the April 3, 2018 adjourned session.
VOTE: The vote on the motion pursuant to Article 15 as moved by the Finance
Committee, was Adopted by Handcount Vote: YES – 405; NO – 115. Total Votes Cast –
520, 2/3 = 343 The motion was adopted.
Catherine Flanagan Stover, MMC, CMMC
Town and County Clerk
ATM 18 Article 15,Page 1 of 2
2
ARTICLE 15
(Appropriation: Old South Road Area Transportation Improvements)
To see what sum the Town will vote to appropriate, and also to raise, borrow pursuant to
any applicable statute or transfer from available funds, to be spent by the Town Manager with
the approval of the Board of Selectmen, for the purpose of making various transportation-related
improvements in the Old South Road area including the costs of professional services for
design, permitting, engineering, construction, construction supervision, materials, and other
related professional services, and any other costs incidental and related thereto; provided,
however, that any borrowing authorized hereunder shall be contingent on the passage of a
Proposition2and½debtexclusionvote;ortotakeanyotheractionrelatedthereto.
(Board of Selectmen)
FINANCE COMMITTEE MOTION: Moved to appropriate the sum of Fourteen Million Dollars
($14,000,000) to be spent by the Town Manager with the approval of the Board of
Selectmen, for the purpose of making various transportation-related improvements in the Old
South Road area including the costs of professional services for design, permitting,
engineering, construction, construction supervision, materials, and other related professional
services, and any other costs incidental and related thereto; and, that to meet said
appropriation the Treasurer, with the approval of the Board of Selectmen, is hereby
authorized to borrow the sum of Fourteen Million Dollars ($14,000,000) pursuant to General
Laws Chapter 44, Sections 7 or 8, or any other enabling authority, and to issue bonds and
notes of the Town therefor; provided, however, that any borrowing authorized hereunder
shall be contingent on the passage of a Proposition 2 and ½ debt exclusion vote. 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.
Quantum of vote required for passage of the motion is 2/3