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 17, 2013 7:00 PM
AGENDA
SECTION I. – ADMINISTRATIVE ITEMS
1. 7:00 PM Call meeting to order/Introductions
2. 7:10 PM Approval of March 28, 2013 Minutes
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 Other Business
Topics not reasonably anticipated 48 hours in advance of the meeting
3. 8:10 PM Future Meeting and Agenda Items