HomeMy WebLinkAboutCERTIFICATION ARTICLE 14 - 2003 ATM - FOSTER FARM SCHOOL °f p10.T aqN
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,SSACHUSEt
TOWN OF NORTH ANDOVER
OFFICE OF THE TOWN CLERK
120 MAIN STREET
NORTH ANDOVER, MASSACHUSETTS 01845
Joyce A.Bradshaw,CMMC Telephone(978)688-9501
Town Clerk Fax (978)688-9556
E-mail Bradshaw C&townofnorthandover.com
This is to certify that the following vote on Article 14 was taken at the Dissolved
Annual Town Meeting for the Town of North Andover held May 12, 2003:
Article 14. New North Andover Elementary School— Foster Farm Site— Boxford
Street. VOTED that the Town raise and appropriate the sum of $35,000,000 for
constructing, originally equipping and furnishing a new elementary school, including any
necessary additional architectural services, construction management services, demolition
and site improvements, such school to be built at the Foster Farm site on Boxford Street.
And whether to meet this appropriation the Treasurer, with the approval of the Board of
Selectmen, is authorized to borrow $35,000,000 under Chapter 44 of the General Laws
and under Chapter 70B of the General Laws, as amended;
That this appropriation be expended under the jurisdiction of the School Building
Committee, which shall be authorized to take any other action necessary to carry out this
project;
Provided, however, that no expenditure shall be made and no debt may be incurred under
this vote until the State Board of Education approves a school facilities or other similar
grant at a reimbursement rate equal to at least 54.00 percent of the eligible costs of the
project;
Provided, however, that no expenditure shall be made and no debt may be incurred under
this vote until the actual enrollment for grades 1 through 5 totals at least 1,925 students as
submitted in the School Department's official enrollment report to the State;
And that the Board of Selectmen is authorized to petition the General Court for an act to
authorize the capitalization of interest during construction of the school project.
Amendment: Replace paragraph four in its entirety with "Provided however, that no
expenditure shall be made and no debt may be incurred under this vote until the State
Board of Education approves a school facilities or other similar grant at a reimbursement
rate equal to at least 54.00 percent of the eligible costs of the project and, furthermore,
that the Finance Committee determines (which determination shall be conclusive) that the
grant be sufficient to cover at least 50% of the project's actual costs as estimated at the
time such expenditures are first made.
YES 282 NO 14