HomeMy WebLinkAboutATM 18 ART 18 Storm Water1
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 18: “Appropriation:
Storm Water System Improvements ” 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 18 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 18,Page 1 of 2
2
ARTICLE 18
(Appropriation: Storm Water System 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 improvements to the Town’s
storm water discharge system, 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
borrowingauthorizedhereundershallbecontingentonthepassageofaProposition2and½
debt exclusion vote; or to take any other action related thereto.
(Board of Selectmen)
FINANCE COMMITTEE MOTION: Moved to appropriate the sum of Three Million Five
Hundred Thousand Dollars ($3,500,000) to be spent by the Town Manager with the approval
of the Board of Selectmen, for the purpose of making improvements to the Town ’s storm
water discharge system, 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 Three Million Five Hundred Thousand Dollars ($3,500,000)
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