Photo by Joshua Ross
*Last updated on Nov. 1, 2022 at 8:50pm
ARTICLE 1: Passed
CONSTRUCTION OF NEW FOSTER ELEMENTARY SCHOOL
Will the Town raise and appropriate, borrow or transfer from available funds, anamount of money to be expended under the direction of the 2017 School Building Committee for professional fees, constructing, equipping and furnishing a new elementary school to replace the existing William L. Foster Elementary School located at 55 Downer Avenue, Hingham, MA (Lot 1 on Assessors’ Map 38), which school facility shall have an anticipated useful life as an educational facility for the instruction of school children of at least 50 years and for which the Town may be eligible for a school construction grant from the Massachusetts School Building Authority (“MSBA”). The Town acknowledges that the MSBA’s grant program is a non- entitlement, discretionary program based on need, as determined by the MSBA, and any project costs the Town incurs in excess of any grant approved by and received from the MSBA shall be the sole responsibility of the Town. Any grant that the Town may receive from the MSBA for the Project shall not exceed the lesser of (1) the MSBA-approved percentage of approximately forty and 54/100 percent (40.54%) of eligible, approved project costs, as determined by the MSBA, or (2) the total maximum grant amount determined by the MSBA, or act on anything relating thereto.
ARTICLE 2: Passed
CONSTRUCTION OF NEW PUBLIC SAFETY FACILITY
Will the Town raise and appropriate, borrow or transfer from available funds, an amount of money to be expended under the direction of the Select Board to be used to pay for professional fees, constructing, equipping, and furnishing a new Public Safety Facility located at 335 Lincoln Street, Hingham, MA, or act on anything relating thereto?
ARTICLE 3: Passed
TRANSFER OF UNASSIGNED FUND BALANCE TO NEW STABILIZATION FUND
Will the Town transfer an amount of money from available reserves into a “Capital Project Cost and Debt Service Stabilization Fund” established hereby under M.G.L. c. 40, § 5 for the purpose of paying debt service payments for the excluded debt notes and/or bonds to be issued for the new Public Safety Facility and/or the new Foster Elementary School in order to reduce the need to raise these funds through the annual tax rate, or for any other lawful purpose, or act on anything relating thereto?