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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 .