HomeMy WebLinkAboutATM 18 ART 29 Stab Town Empl1
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 29: “Establishment of
and Appropriation for Special Purpose Stabilization Fund for Town Employee Accrued
Liabilities ” 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 29 as moved by the Finance
Committee, was by Unanimous Voice Vote. The motion was adopted.
Catherine Flanagan Stover, MMC, CMMC
Town and County Clerk
2
ATM 18 Article 29,Page 1 of 2
ARTICLE 29
(Establishment of and Appropriation for Special Purpose Stabilization Fund for Town
Employee Accrued Liabilities)
To see if the Town will vote to accept the provisions of M.G.L. Chapter 40, Section 5B, for
the purpose of creating a Town Employee Accrued Liability Special Purpose Stabilization Fund
for the benefit of the Town of Nantucket General Fund (excluding the School Department); such
fund to be used for the future payment of accrued liabilities for compensated absences due any
employee upon termination of the employee’s full-time employment; and further, 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 to be placed in said special purpose stabilization fund; or
take any action relative thereto.
(Board of Selectmen)
FINANCE COMMITTEE MOTION: Moved that the provisions of M.G.L. Chapter 40, Section
5B, Paragraph 2, be accepted for the purpose of creating a special purpose stabilization fund
for the benefit of the Town of Nantucket General Fund , such fund to be used for the future
payment of accrued liabilities for compensated absences due any employee upon
termination of the employee ’s full-time employment are hereby accepted .