Town of Princeton, Mass. – March 16, 2017 – 8 AM
Board of Selectmen – Regular Meeting Minutes
Chairman Stan Moss, Edith Morgan, and Jon Fudeman plus TA Nina Nazarian.
8:03 AM Stan opened BOS meeting in the Town Hall Annex.
The Board voted 3-0, on a motion by Stan, second by Edie, as follows:
Voted: that the sale of the $1,000,000 General Obligation Bonds (Subject to Federal and Massachusetts Income Taxation) of the Town dated March 17, 2017 (the "Bonds"), to Robert W. Baird & Co., Inc. at the price of $1,002,082.00 and accrued interest, if any, is hereby approved and confirmed. The Bonds shall be payable on March 15 of the years and in the principal amounts and bear interest at the respective rates, as follows:
Interest
Interest
Year Amount Rate Year
Amount Rate
2018 $100,000 3.00%
2023 $100,000 3.00%
2019 100,000 3.00
2024 100,000
3.00
2020 100,000 3.00
2025 100,000
3.00
2021 100,000 3.00
2026 100,000
3.00
2022 100,000 3.00
2027 100,000
3.00
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 March 1, 2017, and a final
Official Statement dated March 8, 2017 (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 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 I5c2-12 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.
8:05 AM Selectmen voted to adjourn.
Respectfully submitted, Nina Nazarian, Town Administrator
BOS Referenced Documents: Vote of the Board of Selectmen
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