TOWN OF SHARON

 

MEETING NOTICE

 

 

POSTED IN ACCORDANCE WITH THE PROVISIONS OF M.G.L. CHAPTER 39 SECTION 23A AS AMENDED.

 

CAPITAL OUTLAY COMMITEE

 

LOCATION OF MEETING:

Town Hall

90 South Main Street (2nd floor)

 

DATE & TIME:

Thursday, October 25, 2012 7:00 PM

 

 

 

AGENDA

 

 

SECTION I. – ADMINISTRATIVE ITEMS

 

1.                  7:00 PM  Call meeting to order/Introductions

 

SECTION II. - GENERAL BUSINESS

 

1.                  7:15 PM  Brief review of COC mission, borrowing criteria and definitions:

 

i.                    Capital outlays - Min.$10K, 5 year term

ii.                  Debt service as percentage of operating budget

iii.                Inside, non-exempt debt (capital borrowing)

iv.                Excluded debt

v.                  5, 10 & 20 year borrowing

vi.                Bond rating

vii.              Bundling

viii.            Debt Reduction Plan – Direct Purchase vs. Borrowing        

 

2.                  8:00 PM  H.S. Track discussion (Schools)

 

3.                  8:30 PM  Rattlesnake Property discussion (W. Heitin)

 

4.                  9:00 PM  Future Meeting and Agenda Items