Town of North Stonington, Connecticut
Annual Town/Annual Budget Meeting
Warning is hereby given to the electors and those entitled to vote at town meetings of the Town of North Stonington that the Annual Town Meeting/Annual Budget Meeting shall be held at the following location on the date and time indicated for the purposes of transacting the business setforth below:
Location: North Stonington Elementary School Multi-Purpose Room
Date: May 24, 2010
Time: 7:00 PM
1. To hear and act upon the following Resolution: Resolved: that the Board of Selectmen is hereby authorized and empowered to enter into an agreement with the Commissioner of the State of Connecticut, Department of Transportation, for the expenditure of all highway funds available to said Town from the State Highway funds for the fiscal year beginning July 1, 2009 under provisions of Chapter 240 of the Connecticut General Statutes, 1958 Revision, as amended.
2. To hear and act upon the following Resolution: Resolved: that the Board
of Selectmen is hereby, authorized and empowered to obtain loans at current interest rates for loans to municipalities in anticipation of the receipt of tax collections and in anticipation of the receipt of federal and/or state grants with respect to a project or program on such terms and conditions as follows: (a) the amount borrowed shall not exceed $1,000,000, at any one time; and (b) the Board of Finance shall receive, as early as possible, prior notification of any borrowing. The Board of Selectmen is further authorized and empowered to execute any and all documents necessary and required.
3. Shall the Town of North Stonington make amendments to the Local Capital Improvement Plan for FY 2008-2015, as presented?
4. To hear and act upon the new Ordinance to designate the Planning and Zoning Commission as the Aquifer Protection Agency for the Town
5. To hear and act upon the following resolution:
WHEREAS, the Town’s capital budget for the Fiscal Year ending June 30, 2011 has included an authorization request of $325,000 for costs related to the acquisition of two dump trucks and related equipment for the Public Works Highway Department, and
WHEREAS, it is in the best interest of the Town to authorize leasing and or borrowing to defray in part such appropriation;
NOW, THEREFORE, RESOLVED, that the Board of Selectmen recommends to the Board of Finance and to the Annual Town/Annual Budget Meeting that the Town of North Stonington authorize the leasing and or the issue of bonds or notes and or temporary notes in the amount of $325,000 to finance in part said $325,000 appropriation included in the Town’s capital budget for the Fiscal Year ending June 30, 2011, which appropriation shall be authorized, ratified and confirmed, for costs related to the acquisition of two dump trucks and related equipment, for the Public Works Highway Department and delivery costs, related equipment, materials, legal fees, net interest on borrowings and other financing costs, and other expenses related to the project or its financing.
6. Resolved, that the Board of Selectmen and Town Treasurer and hereby authorized to enter into an agreement and expend the ARRA Stimulus funds in the amount of $40,092 for the installation of solar panels on the Old Town Hall.
7. Shall the Town of North Stonington enter into a three year agreement with the Connecticut Interlocal Risk Management Agency to bind a policy with a 0% increase for the town’s property and liability insurance and worker’s compensation coverage?
8 Shall the Town of North Stonington designate $90,000 of the undesignated Capital Non Recurring balance for storm damage repairs as recommended by the Board of Finance?
9. “Shall the Town of North Stonington approve the estimates and recommendations of the Board of Finance with respect to the annual General Government budget including Redemption of Debt and Capital for fiscal year July 1, 2010 through June 30, 2011, in the amount of $ 5,781,241 and make specific appropriations and authorize expenditures in, connection therewith as appear advisable?”
10. “Shall the Town of North Stonington approve the estimates and recommendations of the Board of Finance with respect to the annual Board of Education budget for fiscal year July 1, 2010 through June 30, 2011, in the amount of $ 12,081,172 and make specific appropriations and authorize expenditures in, connection therewith as appear advisable?”
Dated at North Stonington this 13th day of May, 2010.
BOARD OF SELECTMEN
Nicholas H. Mullane, II
Shawn P. Murphy
L. William Briscoe
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