Loading...
HomeMy WebLinkAbout1998 ATM-CV-AUTHORIZATION TO OPERATE OSGOOD HILL CONFERENCE CENTER OF NORTH qti et.lEO is U p 0^yq9 9SSNCHUSES 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)688-9557 E-mail Bradshaw C&townofnorthandover.com This is to certify that the following vote on Article 13 was taken at the Adjourned Annual Town Meeting for the Town of North Andover held May 11, 1998: Article 13. AUTHORIZATION TO OPERATE OSGOOD HILL CONFERENCE CENTER. UNANIMOUSLY VOTED to authorize the use of a revolving fund for fiscal year 1999, as established under Article 7 of the October 24, 1994, Special Town Meeting for the purposes of operating the Osgood Hill Conference Center, pursuant to Massachusetts General Laws, Chapter 44, Section 53E 1/2; and further all receipts relating to the operation of the Conference Center including, but not limited to seminars, conferences, and functions, will be credited to the revolving fund; and that no expenditure be made from the revolving fund without the authorization of the Town Manager, and that the total expenditures charged to the revolving fund will not exceed $294,600 to include all directly related operating expenses, including salaries, goods and services, capital improvements, and other expenses in fiscal year 1999; and further for the period 1/97 to 12/97 the total amount of receipts collected was $295,937.13 and the total amount expended was $217,932.72, with a resulting fund balance in the revolving account of $98,686.96.