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Canton News

2/4/2015 - Special Town Meeting Feb 4

TOWN OF CANTON
NOTICE OF SPECIAL TOWN MEETING
February 4, 2015

A special town meeting of the electors and citizens qualified to vote in town meetings of the Town of Canton, Connecticut, will be held at the Multi-Purpose Room in the Community Center, 40 Dyer Avenue in Canton, Connecticut, on Wednesday, February 4, 2015 at 7:00 p.m. for the following purposes:

1. To consider and act upon a resolution,

(a) to appropriate $950,000 for costs in connection with the acquisition of a ladder truck and related equipment for use by the Town of Canton Volunteer Fire & EMS Department. The appropriation may be spent for acquisition costs, equipment, testing and inspection costs, consultant fees, legal fees, net temporary interest and other financing costs, and other expenses related to the project or its financing; 

(b) to authorize the issue of bonds or notes of the Town in an amount not to exceed $950,000 to finance the appropriation for the project, and to authorize the issue of temporary notes of the Town in an amount not to exceed $950,000 in anticipation of such bonds or notes and the receipt of grants; to authorize the First Selectman and the Treasurer of the Town to determine the amounts, dates, interest rates, maturities, redemption provisions, form and other details of the bonds or notes and temporary notes, and to perform all other acts which are necessary or appropriate to issue the bonds or notes and temporary notes; to take such action to allow temporary advances of available funds which the Town reasonably expects will be reimbursed from the proceeds of borrowings; and to authorize the First Selectman and the Treasurer to bind the Town pursuant to such representations and covenants as they deem necessary or advisable in order to maintain the continued exemption from federal income taxation of interest on the bonds or notes and temporary notes authorized by the resolution if issued on a tax-exempt basis, including covenants to pay rebates of investment earnings to the United States in future years and to make representations and enter into written agreements for the benefit of holders of the bonds or notes to provide secondary market disclosure information, which agreements may include such terms as they deem advisable or appropriate in order to comply with applicable laws or rules pertaining to the sale or purchase of such bonds or notes and temporary notes; and

(c) to authorize the Board of Selectmen, the First Selectman, the Treasurer, the Chief Administrative Officer, and other proper officers and officials of the Town to take all other action which is necessary or desirable to complete the project and to issue bonds, notes or temporary notes to finance the aforesaid appropriation.

THE COMPLETE TEXT OF THE RESOLUTION TO BE PRESENTED UNDER ITEM 1 OF THIS NOTICE IS ON FILE AND AVAILABLE AT THE OFFICE OF THE TOWN CLERK FOR PUBLIC INSPECTION DURING REGULAR BUSINESS HOURS.

Dated at Canton, Connecticut, this 22nd day of January, 2015.
Board of Selectmen