CALL OF SPECIAL TOWN MEETING
Notice is hereby given that a Special Town Meeting of the electors and citizens qualify to vote in Town Meetings of the Town of Old Saybrook will be held at the Old Saybrook Middle School Auditorium, 60 Sheffield Street, Old Saybrook, Connecticut, on
May 4, 2015, at 6:30 p.m. for the following purposes:
1. To act upon the recommendation of the Board of Finance and the Board of Selectmen to appropriate the sum of $49,750.00 for a “Making Places Grant” for a market feasibility study, development of a preferred option and preparation of RFP (Request for Proposal) for the former Shoreline Electric Railway Power House. The Making Places Grant is a collaborative pilot program of the Connecticut Trust for Historic Preservation Office, Department of Community and Economic Development through the Community Investment Act. This is a reimbursable grant. Said funds are to be taken from and initially paid out from the Town’s Unappropriated Surplus Account. The funds will be reimbursed to the Town upon receipt and approval of the final report and budget summary and any required attachments.
2. To act upon the recommendation of the Board of Selectmen and the Board of Finance for additional authorization of $78,372.71 for costs associated with the purchase of the property known as the Preserve. Said funds reflect the cost of bond issuance as well as closing costs. Net costs needed for this authorization, after the reduction of bond premium, are $68,616.71. The Town proposes to pay for said sum with a tax refund adjustment to the seller for the period April 1, 2015 to June 30, 2015 ($9,756.00), a transfer from existing off-budget fund
#369-1005-00, ($46,107.03), and a transfer from existing off-budget fund
#368-1005-00, ($12,753.68).
Carl P. Fortuna, Jr., First Selectman
Scott M. Giegerich, Selectman
Steven Gernhardt, Selectman
Dated at Old Saybrook, Connecticut this 23rd day of April, 2015.
ATTEST: Sarah V. Becker, Town Clerk
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