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1998-02-05 Board of Selectmen Minutes
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1998-02-05 Board of Selectmen Minutes
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Board of Selectmen Meeting <br /> February 5, 1998 <br /> The meeting was convened at 7:30 p.m. in the Selectmen's Meeting Room, 16 Lowell Street, <br /> Reading, Massachusetts. Present were Chairman Camille Anthony, Selectmen Dan Ensminger <br /> and George Hines, Town Manager Peter Hechenbleikner, and the following list of interested <br /> parties: Deirdre Hanley, Jonathan Edwards, Stephen Conners, Don Wood, Ted McIntire. <br /> Discussion/Action Items <br /> Approval of Sale of Bond Anticipation Notes <br /> On motion by Hines seconded by Ensminger, the Board of Selectmen voted to approve the sale <br /> of$2,450,000 in Bond Anticipation Notes dated February 6, 1998 and expiring July 10, 1998 to <br /> BankBoston at a Net Interest Cost of 3.725%; and that the Board of Selectmen ratifies, confirms, <br /> approves and adopts all actions taken by the Treasurer with respect to this sale; and that the <br /> Board of Selectmen and the Treasurer are hereby authorized to take such action and to execute <br /> and deliver such certificates, receipts and other documents as may be determined necessary or <br /> convenient to carry into effect the provisions of this vote. The motion was approved by a vote of <br /> 3-0-0. The Board signed all the necessary documents. <br /> Budge <br /> 1 The Town Manager reviewed all of the budgets and new program requests except for Police, <br /> Animal Control and Dispatch. He noted that the budget was out of balance citing a particular <br /> 10.6% increase in the School Department budget. The Police Department budget will be <br /> reviewed following the receipt and review of the Police Staffing and Deployment Study. <br /> On motion by Hines seconded by Ensminger, the Board of Selectmen adjourned their meeting of <br /> February 5, 1998 at 10:25 p.m. by a vote of 3-0-0. <br /> Respectfully submitted, <br /> Secretary <br />
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