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Town of Hudson - Board of Selectmen
Minutes –October 19, 2009
Present were Messieurs Durant, Loura, Leeber, Parente, Vereault, Blazar and Cipriano. Ms. Santos was also present.
Public Session: October 5, 2009
On a motion by Mr. Parente, seconded by Mr. Leeber, the Board voted by a margin of 5-0 to approve the minutes.
Executive Session: October 5, 2009
On a motion by Mr. Loura, seconded by Mr. Leeber, the Board voted by a margin of 5-0 to approve the minutes.
Mr. Jim Mckenna informed the Board of the upcoming 5K race to be held on November 28, 2009 at the Elks Club. The proceeds will be for the Elks Scholarship fund, Mr. McKenna encouraged everyone to participate.
- Meetings and Public Hearings - 7:00 PM:
- Licenses:
Selectmen to consider approval of New Officer /Director for the Applebee’s Restaurant North LLC All Alcohol Pouring License.
On a motion by Mr. Durant, seconded by Mr. Parente, the Board voted by a margin of 5-0 to approve the new Officer/Director.
Selectmen to consider reclassifying the Social Service Advocate position from a Grade 10 Step 7 to Grade 11 Step 6.
On a motion by Mr. Loura, seconded by Mr. Durant, the Board voted by a margin of 5-0 to approve the reclassification.
Selectmen to consider appointing Michael Daniel to the Hudson Cultural Council.
On a motion by Mr. Leeber, seconded by Mr. Durant, the Board voted by a margin of 5-0 to approve the appointment.
Selectmen to consider re-appointing Ellen Kisslinger to the Hudson Cultural Council.
On a motion by Mr. Leeber, seconded by Mr. Durant, the Board voted by a margin of 5-0 to approve the reappointment.
Selectmen to consider approval and authorization to sign various change order with Seaver Construction in the total amount of $22,664 for a new contract price not to exceed $3,842,783.97.
On a motion by Mr. Loura, seconded by Mr. Durant, the Board voted by a margin of 5-0 to approve the change orders.
Selectmen to consider approval of lease amendment with STC Six Company.
On a motion by Mr. Parente, seconded by Mr. Leeber, the Board voted by a margin of 5-0 to approve the lease amendments.
Selectmen to consider approval and authorization to sign a contract with Wright-Pierce in the amount of $139,000 for design services for Rolling Lane Sewer Betterment project.
On a motion by Mr. Loura, seconded by Mr. Leeber, the Board voted by a margin of 5-0 to approve the contract and authorize its signing.
Selectmen to consider approval and authorization to sign change order No. 1 with M.E. Smith Inc. in the amount of $104,002.95 for additional work related to the installation of water mains.
On a motion by Mr. Loura, seconded by Mr. Durant, the Board voted by a margin of 5-0 to approve the change order and authorize its signing.
Selectmen to consider authorizing the Treasurer and the Executive Assistant to execute a bond purchase agreement for the sale of up to $17,000,000.00 MM in General Obligation Bonds at an average coupon rate of no greater than 4.5%.
On a motion by Mr. Parente, seconded by Mr. Leeber, the Board voted by a margin of 5-0 as follows:
that under and pursuant to Chapter~44, Section~21A, of the General Laws, and any other enabling authority, there is hereby authorized the issuance and sale of up to $6,270,000 General Obligation Refunding Bonds (the “Refunding Bonds”) of the Town for the purpose of refunding all or any portion of the outstanding principal amount of the Town's $12,290,000 General Obligation Municipal Purpose Loan of 1999 Bonds dated July 15, 1999 (the “Refunded Bond”) and, in addition, to finance costs of issuance of the Refunding Bonds, any redemption premium and any interest due on the Refunded Bond which Refunding Bonds shall mature as set forth below, subject to such adjustments as described below;
Further voted: that the sale of up to $16,749,436 General Obligation Municipal Purpose Loan of 2009 Bonds of the Town dated October 15, 2009 (the “Bonds”), consisting of $10,479,436 in various municipal purposes and the Refunding Bonds, to Roosevelt & Cross, Inc. at a true interest cost of 4.00%, or such lesser true interest cost as the Treasurer may approve, is hereby approved and confirmed. The Bonds shall be payable on July 15 of the years and in the principal amounts, as follows:
Maturity |
Various Municipal Purposes
|
Refunding Bonds |
2010 |
$544,436 |
$630,000 |
2011 |
540,000 |
620,000 |
2012 |
545,000 |
610,000 |
2013 |
550,000 |
595,000 |
2014 |
555,000 |
580,000 |
2015 |
560,000 |
570,000 |
2016 |
570,000 |
555,000 |
2017 |
580,000 |
550,000 |
2018 |
495,000 |
540,000 |
2019 |
500,000 |
450,000 |
2020 |
510,000 |
0 |
2021 |
515,000 |
0 |
2022 |
525,000 |
0 |
2023 |
530,000 |
0 |
2024 |
540,000 |
0 |
2025 |
545,000 |
0 |
2026 |
550,000 |
0 |
2027 |
560,000 |
0 |
2028 |
535,000 |
0 |
2029 |
230,000 |
0 |
Further Voted: that the annual maturities of the Refunding Bonds reflected above may be adjusted up or down, provided that the aggregate principal amount of any such adjustment shall not exceed 10% of any such maturity and in no event may the total amount of the Refunding Bonds exceed the amount authorized to be issued by this vote, to effectuate a maximum present value savings over the Refunded Bonds or to comply with the provisions G.L. c. 44, §21A and the Internal Revenue Code of 1986 and provided further that the present value savings achieved by the issuance of the Refunding Bonds shall be at least $400,000.
Further Voted: that the Treasurer is authorized to determine the date, the form, the maximum interest rate and the aggregate principal maturities of the Bonds, such date, form and maturities and the specific interest rate or rates of the Bonds to be approved by a majority of the Board of Selectmen and the Treasurer and evidenced by their execution of the Bonds.
Further Voted: that in connection with the marketing and sale of the Bonds, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated October 14, 2009, and a final Official Statement to be dated October 20, 2009 (the “Official Statement”), each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved and adopted.
Further Voted: that the Bonds shall be subject to redemption, at the option of the Town, upon such terms and conditions as are set forth in the Official Statement.
Further Voted: to authorize the Treasurer to execute and deliver a Bond Purchase Agreement between the Town and Roosevelt & Cross, Inc., providing for the sale of the Bonds on a negotiated basis.
Further Voted: that the Town Treasurer and the Board of Selectmen be, and hereby are, authorized to execute and deliver a continuing disclosure undertaking in compliance with SEC Rule 15c2-12 in such form as may be approved by bond counsel to the Town, which undertaking shall be incorporated by reference in the Bonds for the benefit of the holders of the Bonds from time to time.
Further Voted: that each member of the Board of Selectmen, the Town Clerk and the Town Treasurer be and hereby are, authorized to take any and all such actions, and execute and deliver such certificates, receipts or other documents as may be determined by them, or any of them, to be necessary or convenient to carry into effect the provisions of the foregoing votes.
Selectmen to consider acceptance of a gift of $3,500 from Walmart to supplement the pandemic flu planning and response efforts.
On a motion by Mr. Loura, seconded by Mr. Durant, the Board voted by a margin of 5-0 to accept the gift.
Selectmen to consider authorizing signing of LIP letter for 30 Blueberry Lane, waiving Town’s right pursuant to MGL 40B, S20-23.
On a motion by Mr. Durant, seconded by Mr. Leeber, the Board voted by a margin of 5-0 to authorize the signing of the letter waiving the town’s right of first refusal.
Mr. Leeber would like Comcast and Verizon to address the issues with the live broadcast of the public meetings.
- Correspondence to be Noted by Clerk:
On a motion by Mr. Leeber, seconded by Mr. Durant, the Board voted by a margin of 5-0 to note correspondence.
On a motion by Mr. Durant, seconded by Mr. Leeber, the Board voted by a margin of 5-0 to adjourn.
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