The meeting began at 6:00 PM with the Select Board, followed by the Board of Sewer Commissioners at 7:00 PM, both held at the Bourne Community Center. Key actions included approval of bond anticipation notes, opposition to a county luxury housing transfer fee, approval of proprietary specifications for the IceWim building, and several sewer-related decisions including an abatement, budget review, capital project approval, and a reduction in the sewer development fee for the Bourne Recreation Authority.
When the audience is recording or videotaping, they need to acknowledge such at this time. Helen, uh Bourne Enterprise. Uh please refrain from flash photography. If anyone from the public wishes to access the meeting, they can do so by calling the following conference line. 1929, 2056, Zoom meeting ID 897-3538, all caps, password, all caps born. The Zoom chat will not be monitored. Participants who wish to speak must raise the hand icon until the chair asks them to unmute all items within this meeting agenda are subject to deliberation and votes. Uh call this meeting to order. Did that um public meeting? I don't believe we have anyone here for public meeting this evening. Or anyone online. Um so I don't think I need to go through that. Uh and so next on our list um is discussion and possible vote to approve the sale of bond anticipation notes bonds. So, madam chair, I'm going to turn this over to Erica in a minute so she can talk about the details of the sale. Okay. However, I do want to let the select board know that the fire station debt exclusion was not included in this sale. So as you know, on September, or as you know, um the town clerk did not properly post the election warrant and did not post the um ballot question. As you may remember, on September 30th, the select board voted to ask the governor's office to file special legislation on our behalf. And then I have since then sent you the letter that we sent to the State House about why this is important. It has not so we have gotten it through the governor's office, and the governor has filed the special legislation. However, it has not been enacted yet. So we're still working to try to move the um act along and get it enacted, but as of when as of when Erica went to the market, it was it has not been enacted. So unfortunately, she will have to do another sale when we have that special legislation in place. Um the other thing I just want to let you know is if it's not looking like it's going to be enacted any, you know, any time soon, or if it's not forthcoming, we will need to put an article on the town meeting warrant. You you may remember that was the other route that bond council explained to us. We could go the special legislation through the governor's office, or we could have town meeting confirm. We were we we chose to do the special legislation through the governor's office because we were hoping it would be faster. Quicker, sure. Okay. Um, it's not necessarily turning out to be faster. So just in case we will just in case it doesn't happen, we will go to um town meeting for that. Perfect. Thank you. But that so I just um I think there was a comment at uh maybe last week's meeting that the that the um first part or that the fire station debt has started to show on people's property tax bills, and I just want to be clear that is not the case. So we have not borrowed for the fire station. Um it is we're still in this procedural holding pattern, and nothing has hit the tax bills yet. Okay. Thank you. And Erica can talk about the details of the what did what the what did get sold. Perfect. Thank you, Marlene. Hey, good evening. Arthur Funding, finance director, direct. Um, so at Marlene No Hint, last earth day on January 15th, we sold born anticipation balance. These are short-term bars that will provide adequate cash flow, until we are on or pay down the right steps. We had a very successful sale. We received seven bids with coupon rates between 3.5 and 4%, and with premiums and net interest cost between 2.3564% to 2.4911%. The bids will be awarded to Jeffrey's LLC for the net interest cost of 2.3564%. This is a reputable firm with percent bonds in the past. As you can see, rates have come down a bit.