ARTICLE 1 - Town of Natick

ARTICLE 5
Fire Apparatus: Rescind Borrowing Authorization
(Town Administrator)
To see if the Town will vote to rescind the following amount of un-issued debt authorized
for the following purpose:
Amount Rescinded Date of Vote Purpose___________
$400,000 April 15, 2008 Replace Engine 5
(Article 9) Fire Pumper
or otherwise act thereon.
RECOMMENDATION: By a vote of 8-0-0 on September 24, 2009, The Finance
Committee recommends FAVORABLE ACTION with regard to the subject of
Article 5 and that the Town vote to rescind the vote taken under Article 9 of the
2008 Spring Annual Town Meeting on April 15, 2008 which appropriated $400,000
for the purpose of replacing Engine 5 Fire Pumper.
The purpose of this article is to rescind the April 15, 2008 TM borrowing authorization
(which was specific to just a pumper apparatus) so that it can be re-authorized under
Article 6 for an engine/pumper/ladder unit.
During the review of this article it was noted:
This action is being taken to be sure all procedures are in place to the satisfaction of
bond counsel.
Although a borrowing authorization requires a two-thirds vote of Town Meeting, the
rescinding requires only a simple majority.
The Board of Selectmen voted 5-0-0 to recommend favorable action with respect to the
subject matter of Article 5.
MOTION: (Requires majority vote)
Move that the Town vote to rescind the vote taken under Article 9 of the 2008
Spring Annual Town Meeting on April 15, 2008 which appropriated $400,000 for
the purpose of replacing Engine 5 Fire Pumper.